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OTIV Suing Apple! What happens when On Track goes after AAPL for infringing its 043 Patent?? BOOM. At the very least you know they'll be announcing additional contracts for NFC Reader sales. Either one and we'll see 5+ again. I signed on to my Wells Fargo Banking account today and what do I see? An offer to sign up with Apple Pay. I log onto my Capital One...same thing! No doubt NFC will be huge and OTIV is right in the middle of it. Waiting for anyalyst upgrades in the mean time. buying the mid 3's here..
Looks like i'll get my .01's ... these guys can't convert their preferred shares to common and sell for ONE YEAR. they are in no hurry at this point to get the business moving. Ive been patiently waiting for my .01's and now there almost here. might even get sub 1 if market takes a dump.
don't know about WB Partners and the financing details holdup, i'm thinking they were getting greedy.
having fun with other tickers till this sinks further. actually like this company but gotta get rock bottom prices...soon..
hey thanks for the info good stuff. nope most people don't call, they buy, chearlead on the boards and hope. you gotta keep up on these fools (companies) they do not have our best interests in mind..but you can still do allright :)
Sorry, forgot i was on IHUB..I meant TO THE MOON, LONG AND STRONG we'll show Shorty. What a waste..
Possible difficulty with the financing. If Nate and Partner decide to convert their preferreds to common shares (100 million) they could only convert up to 4% max of the the currently outstanding number of shares. So in this case we have 60mil shares out so only 2.4 million common shares a year could be issued. Great right? They won't be dumping on us retail holders any time soon. Well yes and no.
The problem is only directors/officers of a company are held to this restriction. WB will be free to convert any shares they end up with after the financing deal for 750k dollars is arranged. If they are given preferreds they can convert no restrictions. If they go the convertible note route or do a private placement same thing, free to sell (normally within 3 months).
Soo MAYBE nate is looking at this situation where he's stuck unable to sell the majority of his stake while WB Partners gets a sweet deal for their 750k investment. Whadayathink? Ohh and everything i've said so far is from the company either email or phone. Not a "paid basher" or any of that garbage, i'm long and would sure like to add more but not until we get some more info. i'm patient, watching/trading other co's right now until we get clarification.
Yes but if they grant themselves enough shares they'll only need a few pennies on this to do very well. Retail shareholders always last on the list. WB isn't even interested in otc qx last I spoke to them err.. One of the wb partners.
I like your version better than mine :) really want these guys to succeed but watchin closely. Really didn't like the 100,000,000 shares to nate and partner not to mention the still to be granted shares toWB. Excessive. This can hit .10 and they could cash out and do very well. Wish it would have to hit dollar land to make it worth it for insiders. Ohh well hopefully I'm wrong about everything and it goes to the moon.
Hopefully you're correct and I'm just throwing out a worse case scenario but with the otc worse case is the norm. One year plus to file paperwork for reverse merge is excessive though and I thought WB might be shuffling papers to create the image of countless hours/work for greater compensation. Reverse merger have now become cookie cutter, if you've got 100k you too can go public..
When I originally bought the stock I thought they started too. looks like they still need to develop an actual product though and need 50,000 to do it.
WB Financing and Shelf Life Test and Anastasia. Soooo we're still waiting for WB and the company to work out the terms of the financing? WB was going to fund the 700k yes, but they havn't yet come to an agreement right?
Next I don't think they've even started the shelf life test because they needed 50k from WB to fund the research into creating a shelf stable formulae right?
Who is Anastasia? I think she is the one who updated the company FAQ. She answered some of my questions a while back. She hasn't responded to me since i mentioned that Nate might want to be cautious in dealing with WB Partners. I was under the impression WB was simply taking the company public through reverse merge and when Anastasia told me it had taken them over a year to do so and they would be receiving a stake in the company I thought WB might be taking advantage and diluting the company. We still don't know the terms between WB and the company and I hope Anastasia wasn't related to Nate and now he has cold feet about doing the deal.
Still like the company, still holding my shares, but wish we could get some info.
Cool thanks. I've been to otcmarkets.com never saw this.
OIC lots of rules. How did u find this out ?
Wow that's kind of an important detail..no releases for 2 months. I c lower prices ahead which isn't a bad thing. My .01s might not b out of the question. Thanks 4 the info.
Yes I do! To the moon bruh !! We hit .03 tomorrow ! Allright I'm out :)
ahhh 750 thousand financing, gotta proof read ..
ok ok so maybe i was trying to get some shares a little cheaper playing devils advocate. nothing i said was false though. i still want an update on the shelf life and the terms of the 750 mil financing from WB.
That being said the Form 10 being filed is great. Now they can comment on progress with 8K's . Before the Form 10 filed this was a no go..
Also they didn't over dilute us..190Mil shares fully diluted and most of those locked for a year..yeeeaa yaaa..(regular show ref) This does not include the WB shares but so far so good.
I need to update my TheStockfreec.com site target price. I'm thinking .30 to .60 next couple months. I had factored in 120 Mil fully diluted not 190+ But still not bad at all. 1.82 target still a possibility but alot of things have to go right. I really like the sound of Nates Homemade "line of food products"..think Newmans Own..
Almost forgot, CRRA 1.82 Price Target, TheStockFreec.com Remember this is not just Nates Pancakes, its "Nates Homemade" #BuildingaBrand #Groundfloor sorry the Twitter Pumper in me took over there...
naaa don't want it to gap too much :)~ hmm might do a whole lot of nothin tomorrow, never know, i would buy more though if it doesn't gap. anything in the 2's ill take.
Nates now got 50 MILLION reasons to extend the shelf life here :) seriously I bet if he hasn't already done it he's working on it 22/7...2 hours a day for sleep of course :)
My luck the market crashes tomorrow :)
ohh read a little further,,,the series B's convert to 130 million. 50 mil to nate, 50 mil to Kassoff etc. Still not bad at all.
Agreed..shelf life news should really ignite this, really hope no problems here.
Looks like around 200 mill shares after conversion plus another 75 mil to WB Partners if they are reasonable. Im assuming 75 mil shares at .01 = 750,00 to fund the co's start up expenses.
Sooo maybe around 300 mil outstanding (fully diluted).
If sales are even half of batter blaster we have an EASY 10 Bagger.
.03 is ridiculous!
Now that Form 10 is out they are allowed to comment on updates. Before this SEC did not allow 8K updates or any filing for that matter.
$1.82 Target HMMM...that was based on 120 million shares not 300 million BUT still way undervalued here. .30 to .60 easy. Tomorrow should be interesting..
The company is going for 45 as minimum. Your right there is no official rule just guidelines. You also have to factor in warehouse and shipping time and warehouse again at point of sale. Yea 45 MINIMUM. no one's going to buy a product with for example 2 week shelf life..This is why Batter Blaster was refrigerated. We have nothing till co confirms 45 day shelf. I might have to go find nate and c what's up. I'm near SF.
Yes 45 day minimum to sell product, no word on the 45 day which passed long ago.
LOLZ ! Ok we both agree whip cream is VERY important to have on hand :)~
But no, without the 45 day test passed no sales of product are allowed. 45 is minimum.
And nobody at co wants to talk about this ..
They jumped the gun and came public with no completed product it seems. And we've got weeks ahead of us with no news. If u like crra sell now wait and buy lower.
Monday. Spoke for 25 minutes. Really like WB partners at least the one I spoke to but definitely glad I sold half and will move on if no info by next week.
Bad news because we have no product.. no pass shelf test no products no company. Nate has not checked in as of Monday when I called. .they havn't heard from him in a while.
The 40 million on sales was generated by O'Conner who traveled thousands of miles in a airstream doing everything he could to push the product. We have nate.
I'm fully expecting lower prices as they continue on with no updates, or maybe I don't want an update if it's bad news.
I hope. They told me hadn't spoken with nate in a while and assume things r going ok. Hmm
Good news/Bad news.. Ok good news: heard back from company yeaaa.
Bad News: As far as shelf test update goes they havn't heard from Nate in a while and assume he's still in San Francisco working on the formulae. uhhhh great :( good to know their in contact with one another...
still holding half my shares but this stinks. optimist in me tells me to just assume all is good and formulae is stable, experience with these otc's says just the opposite.
I've been surprised lately at just how low these micro's can go. Maybe it's the Summer slowdown but with no product we got a problem.
would like to add as it goes lower but until shelf life confirmation forget it.
Have they placed any ATM's? If they could get one in a pot dispensary we'd move. Also i suggested to them an inexpensive service which will profile the co with price target. they said they'd look into it. too close to trip zips here..
I have to go to work now but I'll post the link for everyone. Various convertible notes at .001 conversion issued since Jan . Don't know about April quarter since filings not due till Aug 15 but you can just bet more dillution. I'm all for raising necessary funds but at .001 share ?? Garbage..
Hello? Monster Dilution. Too many posts but has anyone mentioned the 100,000,000 + AND COUNTING shares that are being issued at .001 ? Margarit is issuing new shares practically for free and we r being dumped on. If u want to make money here contact company and purchase a convertible note for 30k minimum, conversion price into shares .001 must be accredited investor. I'm looking into it.
Perfect. Can you ask them how the shelf life test went ? We're well past the 45 days. Maybe I drove them crazy with too many emails and now I'm in their spam folder :)
You know if they could at least give a quick shelf life update that would be great. I give um 2 weeks and if still nothing I dump my 250k shares and crash this thing :)~ seriously though silence is not golden, if the product is failing that leaves us all running for the door and this will dump.
Yikes. I mean To the moon ! Long and strong ! Well I do hope it's a success and goes back to .13 anyway not .0013 ...just hate when companies leave the shareholders in the dark, usually for a reason.
From the FAQ A. Yes. Nate also was responsible for all product development for Batter Blaster. Sean O’Conner was responsible for the sales and marketing for Batter Blaster.
From CNN Money Sean O'Conner " he stumbled on a better idea: putting pancake mix in pressurized cans for quick and easy breakfasts."
Ok so Im assuming Sean came up with the idea and Nate developed it and the article just failed to mention Nate. Good enough..
Just wish Nate was the guy traveling 180,000 miles in an AirStream promoting his product. Thats the guy you want pushing this pancakeinacan BUT i guess Nate will have to do :)
also don't like the fact that they came public without first completing the shelf life test. and now its well beyond the 45 day test period and we get nothing, leaving me to believe they ran into some problems. if we don't have pancakesinacan we have nothing here. Hello Sub-pennies!
im out half my shares, i give them 2 weeks to issue some kind of update or im out the rest. let me know what you guys think, im not short and WAS really positive on these guys. i am @willtopol on twitter see my older posts.
On another subject if nate did not develop or market batter blaster why does it state batter blaster sales in the FAQ ? This stinks..
OIC ok thanks. Wish he was still with the co. I thought Nate was the sales/marketing brains that got batter blaster the big sales. .What was nates role here with batter blaster? Article said O'Conner developed the batter..hmmm..
Hopefully but no excuse not to answer a quick email or take a 2 minute call.
yea "there is a p.r. comming soon" is kind of generic, you see that on all the boards. i did find an email on here i havn't used before, jeremy@natespancakes, ill try this one but not expecting anything. do you know who Sean O'Connor is?? This article is giving him all the credit for Batter Blaster with no mention on Nate Steck, what the... http://money.cnn.com/2009/12/23/smallbusiness/batter_blaster.fsb/