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Hey Dank, sorry was out with the fam this weekend. I'll hit you back tonight.
Great DD and findings emit! Keep em coming! You should send these grant money options to WERPO.
Have a rockstar weekend team BBRD!
LMAO!! Greatest description of all time Zaadx!
I'm not sure how this survived the deletion trigger, but that's was a damn good laugh.
WERPO is pursuing the legal battle, but they have bigger fish to fry right now. It's on their list of things to do.
WERPO To-Do List:
1) Make investors rich
2) Sue the pants off of Inna Braverman and Eco Wave
3) ???
4) Profit
If you don't get it... know your meme
BBRD WERPO
Someone is a little trigger happy when it comes to deleting messages here. I'm guessing the mods or admins approve the deletions?
Chiron's message was just fine and informative. My message wasn't attacking anyone except for Inna Braverman who isn't on this board (or is she... hmm?)
Ohhh... No wonder my attacks on Inna get deleted :)
BBRD WERPO
BBRDD Share Structure - 10/31/14 - Unchanged
A/S - 900,000,000
O/S - 34,500,021
No amendments submitted to change the A/S.
BBRD Profile Amendments
I will continue to update each day with the latest O/S and A/S.
Again, keeping the A/S the same at 900 million is not a bad thing. It is only bad when the O/S starts increasing like crazy and often. There has been no changes to either the A/S or O/S.
BBRDD WERPO
Perfect points. I just hope it's not option 3 where they've got nothing for us and the reverse split just took a while. This is the "Meh." option.
Option #2 is a possible scenario, but I think that getting the reverse merger finished this year (although late) while expanding the team, and growing the business while staying financially afloat is a pretty big accomplishment. It is interesting that we haven't heard anything from the WERPO team per se. All communications (regurgitated old PRs) came from Pedder who is no longer with the company (I'm assuming).
Option #1 would be sick! A huge PR and re-valued stock price would be insane. The people that panic sold... ouch.
What am I leaning towards? Let's put my cheerleading aside for a second. Who here has been in contact with WERPO?
Put me down for Option #1 please.
BBRD WERPO
Good call, yeah with the new float this can run hard. Trading needs to be freed up and then they need to release a solid PR.
At least this time the PR will be from WERPO, but it needs to have what investors are looking for.
I should write their PR for them. It would go something like this:
"WERPO has received full financing and will start the China deployment next month. Buy, keep buying, and don't stop." - WERPO
Pretty good PR skills right?
BBRD WERPO
Not sure, could be tomorrow, but worst case could be a few weeks. It depends on BBRD and your broker.
I emailed WERPO asking when trading will resume. I'll let you know what I get back from them, but I doubt it will shed any light.
I called Etrade and Scottrade. There are no issues or concerns reported under BBRD. They're just waiting like we are for the changes to push down to them.
BBRD WERPO
You guys are all awesome! No need to thank me, but greatly appreciated! Rockstars... all of you, in my book.
I'll keep updating the board on BBRDD's share structure good or bad.
Just a reminder that everyone should know their options to hold, buy or sell. I knew that when the ascending wedge broke below the support line that we were in for a rough time. I guess I could have sold out (based on TA alone), but I chose to wait (based on the fundamentals and DD).
I do not blame anyone else as it was my choice alone to hold. That being said, I'm still sticking with my Technical Analysis and Fundamentals/DD. The Fundamentals/DD still hold, nothing has changed in that arena.
The Technical Analysis however, says that we are at a triple bottom and at solid support. The last two times we were at this exact level we sprinted to 52 week highs. PRs were involved the last two times. I hope third time's a charm to break .018 (now .36).
BBRD WERPO
Negative Dough, they have 90 days (by end of January) to file that annual report. The old BBRD team was sometimes late with that filing.
However, if they do add people to their Board of Directors, then we'll hear something within 4 business days.
BBRD WERPO
BBRDD Share Structure - 10/30/14 - Unchanged
A/S - 900,000,000
O/S - 34,500,021
No amendments submitted to change the A/S.
BBRD Profile Amendments
I will continue to update each day with the latest O/S and A/S.
Again, keeping the A/S the same at 900 million is not a bad thing. It is only bad when the O/S starts increasing like crazy and often. There has been no changes to either the A/S or O/S.
BBRDD WERPO
Very good points tdgnts! Very curious about the preferred shares and if they were used yet.
Although I had not expected a reverse split, I agree that 20:1 isn't too bad and it makes sense for this stock. If it was to dilute, Ovadia would only hurt his restricted shares and self. If it was to dilute (as a scam), we would have seen a much higher reverse split.
I'll have to disagree with you on the roles of posters and the affect they have on the PPS. It's easy to scold the cheerleaders at this current PPS, but let's assume the cheerleaders didn't exist. With a Reverse Split announced in a penny stock, I don't think the PPS would be any different even without the cheerleaders.
I think pointing fingers at anyone poster or group of posters doesn't help anything. Every type of poster has their role and you can't change that. I welcome all types of roles, especially the bashers, as they create a balance to the cheerleaders. No posting groups or individuals are to be blamed for the PPS or what people choose to do with their funds.
It would be like saying I blame my DUI on the people at the party that cheered me on to chug more beer. We all have choices we make and it is up to each individual to make their own decisions.
BBRD WERPO
LOL! I guess we were right in our silver predictions Penny!
I think trading begins pretty soon, probably Friday and most brokers by Tuesday. I haven't tried, but I think it is possible to buy BBRDD as a brand new stock. I don't think anyone would buy it with the spread so wide.
10/31 Fiscal Year End. Changes must be announced within 4 business days after that date (by 11/6).
Hopefully trading gets going for a couple days and then we get news on Tuesday or Wednesday next week!
Early Christmas Announcement Wishlist:
1) Intention to uplist to OTCQB
2) No dilution stated in PR
3) Eventual ticker change to WRPO or WERP
4) Lawsuit on Eco Wave
5) Financing Secured
6) Projects Secured
7) Financial Statements
8) Additional Board of Director Members
This isn't too much to ask for is it? Am I missing anything? I've been pretty good this year I think...
BBRD WERPO
BBRDD Chart Analysis - 10/29/14
For those of you who don't know or really believe in chart or technical analysis, check out my previous chart posts (24813, 24763, 24659, 24270, 24142, and more). The ascending line was broken, but a couple days before it broke, in post 24763 I stated "We either go up strong, or fall down hard" based on technical analysis alone. Unfortunately, we know the path chosen and we fell down hard. ARGH! :(
It tells me that technical analysis plays VERY well for BBRD and my predictions were spot on. If you believe that then check out what's happening on the chart now...
The red ascending line in the chart below is what BBRD was following for months. When it broke, it broke pretty hard, and I think we can all agree on that. The red circle shows the break point.
HOWEVER, check out where we fell to! Take a look at the blue lines. The blue lines represent very strong support for BBRD. It will take quite a bit to break that support (not saying it is impossible though).
Take a look at the green circles. We've hit this bottom 3 times now over the course of a 5 months. This is a triple bottom and seems to hold as strong support for us.
What happened when we hit this bottom before?? Yup... we skyrocketed to 52 week highs. Not saying this is going to happen this time, but we have a pretty good chance if the right news comes out and the volume/momentum come because of that news.
If you're holding long, watch our support lines. We're at very solid support with a triple bottom in place!
BBRD WERPO
Hey TP24! I'm not really sure where the roughly $900 trade came from, but as you stated, definitely not retail.
I wasn't able to watch the L2 action today. Do you know if .17 was the ASK price? I thought it was .1799? If .17 was hit without being on the ASK, then the MMs were adjusting prices either manually or through their automated systems is my guess.
I'm not going to kid myself on this one. When shares/trading is freed up, I think we start trading close to where we left off on Friday which is around .07 or .06. The split was quick, so I'm sure there's people that didn't get a chance to sell out who will.
I think it will dip to .05, but find previous support there and hold that line pretty well. Then we just have to be patient and crawl out of this hole. Good news is always welcome of course!
BBRD WERPO
LOL, Shajandr! Did you hear the news that everyone's shares are still in limbo and locked up?
For those wondering about their shares in limbo I stated pre-split that our shares would be locked up for days (post #25882). If you call your broker they may tell you that the BBRDD ticker/shares may not be changed for weeks. I've heard this before, but it typically takes just a few days.
Etrade is the slowest and takes 4 to 5 days I've noticed. TD Ameritrade and Scottrade are faster by a day or so.
Chiron, if you read this, PM me your email or Twitter handle. Need to ask you about your broker account.
BBRD WERPO
Welcome to BBRD Raiders! It sounds like you've been lurking for quite some time.
I'm probably one of the pumpers you're referring to, and that's totally okay, you are entitled to that opinion and your opinion matters just as much as mine.
I know I drink the kool-aid, there's no doubting that. But I want people like you to come out and voice your opinion, but back it up with either your reasoning or DD. Attack my thoughts, DD, and explanations. Don't just blindly listen to me. I drink the kool-aid because of how much DD, effort, studying, communications and searching I've done.
I post predictions, but I try and back it up with DD. My next prediction is that we get a PR very soon and I'm guessing by mid next week. My reason for this prediction is that their Fiscal Year End is 10/31 and currently the officers are listed as Pedder and Rector. Those need to change, and they have to announce (per OTC Pink requirements) any board changes. I also think they will explain the need for the R/S.
My answer to your question is that competition is GREAT for business. If GE gets into the wave energy game that would be the GREATEST way to propel the idea of wave energy into the same ranks as solar and wind. WERPO would get way more exposure if a HUGE name took on the same technology.
Let's say that BBRD sells off it's patent. The patents (worldwide) would be worth what WERPO is valued at. Years ago it was valued at 10 million. $10 million alone puts us at more than double the 52 week high.
Good luck Raiders
BBRD WERPO
LOL! Hang in there PB!! Stick to your gut on this one and rely on the DD. The float is low, and the O/S was never raised before. If they raise the O/S we just have to make sure it is explained and not a huge or constant increase.
10/31 is their Fiscal Year End. They ARE REQUIRED to announce any changes shortly after that. I'm okay if trading is locked up until Monday :)
Stay strong longs. If there is anyone against this stock, we want to hear from you, why you're sour on it, and provide some "extensive DD".
That includes you NioStar, I don't mind hearing from you everyday. I like to see the competitive lengths that Eco Wave will go to put up a good, but futile effort.
BBRD WERPO
Hi Silver, that post was an incorrect statement that I didn't rebuttal (ran out of posts or was too lazy).
The link below shows the amendment that Renoldman was referring to.
nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=wUIyXnOyO8q2rVC8vpJ7kQ%253d%253d&CorpName=BLACKBIRD+INTERNATIONAL+CORPORATION
An Amendment is ONLY needed for changes to the A/S and NOT the O/S. WERPO/BBRD can change the O/S at any time without telling us and they do NOT have to file an amendment. This is why I call everyday to verify the O/S and post it.
When they reverse split, they have to notify FINRA and you'll see it on the OTC Daily List (like when we saw it in the link below)
Daily List 10/24/14
The 7/24/14 Amendment ONLY affects an A/S change. They increased the total authorized capital by $400.00 that day. This had NOTHING to do with a reverse split and did NOT allude to one either.
BBRD WERPO
LOL!! "Extensive DD"... please enlighten us to what your "extensive DD" was that convinced you there was going to be a 20:1 reverse split?
We'll wait patiently to hear this extensive DD... zZzzZZzzZ
BBRD WERPO
Share Structure Unchanged 10-29-14
Just confirmed with the TA.
AS - 900,000,000
OS - 34,500,021
No additional amendments (changes) yet to the A/S.
nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=wUIyXnOyO8q2rVC8vpJ7kQ%253d%253d&CorpName=BLACKBIRD+INTERNATIONAL+CORPORATION
BBRD WERPO
Well said TP24! I never thought about uplisting to the OTCQB!! That's brilliant. Check this out...
Per the OTCQB requirements:
Hey Maz, no need to be a turncoat and post negative statements here. Please keep it classy and have respect for those who cheered this stock on so that you could make minimal gains off of it.
BBRD WERPO
Hey Steven, hope all is well brother! I owed you a response a couple days ago, sorry it is late.
I'm all for the gloves being taken off at this point. Our investment is down hard, and like PowerBattles and others, I was helping to slap the ASK when we were above .01 so my average is much higher now.
All of my conversations have been with the WERPO team, and I have never reached out to Pedder or Rector, so I can't speak for the old BBRD team.
In my conversations with the WERPO team, every response back is that all requests and answers to questions must be cleared by the CEO. Let me repeat that... every answer pertaining to company dealings MUST BE CLEARED BY THE CEO. The new CEO was said to have
Thanks for the clarification Rain! I hope I got one of those extra shares :)
Three days left until BBRD's fiscal year is up on 10/31. New officers will be posted and a PR is required from this reverse split soon I believe.
Too bad we won't see the yearly financials for up to 90 days (OTC requirement)
BBRD WERPO
Anytime PB! If we get out of this deep hole (and I think we will), it will definitely be a massive success, brass balls, huge leap of faith story for the longs who held on. Whatever happens, I'm very happy to have been on such a solid team.
My thoughts on the matter are this:
WERPO surprised us with a 20:1 reverse split. They went to New York to meet with consultants on how to best grow their stock and more importantly, get institutional investors or get serious financing on these projects in the pipeline.
I believe WERPO was advised by consultants to reverse split the stock. 20:1 was chosen to get the stock high enough so that it could stay above .01 for some time. A stock that is .07 cents is much more attractive than a sub penny stock when you're looking to get financed.
BBRD's Outstanding Shares was never raised. If they wanted to dilute, they could have easily done it before the reverse split. Why else would WERPO reverse split last week? We were never in danger of getting delisted from anything.
You typically reverse split when you've maxed out your O/S to your A/S. Or you reverse split to avoid being delisted. Neither of those applies to BBRD. There's some other reason for the reverse split, and I'm pretty sure we're going to find out soon after trading shares free up. I'm hoping for Monday.
My question is why did we reverse split? Anyone? Anyone can try to call it possible dilution, but explain why we didn't do it before? There was plenty of margin between the O/S and A/S, but the O/S was never increased.
If anyone disagrees with me or wants to bash (but back it up) then please do so, I welcome it.
BBRDD WERPO
Damn Smart, that's absolutely terrible... I have a free account, but if you could PM me a way to reach out to Vic either through Twitter, email, FB, or LinkedIn, I'd like to send some good wishes directly to him.
Thanks for keeping us in the loop. Very sorry to hear the sad news :(
TP24 in the house! No changes or amendments on the A/S yet. I will definitely keep everyone posted on that each day, as I check that daily.
If you're wondering what TP24 is referring to, it is the Nevada Business/Entity Search tool (link below) and BBRD is registered in Nevada.
nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=wUIyXnOyO8q2rVC8vpJ7kQ%253d%253d&CorpName=BLACKBIRD+INTERNATIONAL+CORPORATION
If the A/S changes in any way (increase, decrease, split, etc.) BBRD will need to file an amendment and all amendments show up under their business profile on that site.
Also notice that BBRD's yearly registration date is up on 10/31. They will need to re-register and update with all new officers. Currently the officers listed are John Pedder and Lee Rector. Obviously this will change and we'll get an idea of who is new on the Board of Directors!
The Board of Directors can change from what was announced during the merger completion. I think the board will increase in size.
BBRDD WERPO
No trading yet Chiron. In past OTC reverse splits I've noticed TD Ameritrade is the fastest to switch over and Etrade is the slowest. I think trading resumes tomorrow or Thursday for most people.
I know we want news, but releasing news right now good or bad won't do anything for the stock. No true trading can go on with shares locked up.
BBRD WERPO
Hey Copa, I gave an update on post #26359, but here's the summary.
WERPO surprised us with a 20:1 reverse split. When a reverse split happens in the OTC you typically will notice everyone's shares being locked up for a few days.
We finished Friday at .0036. With the reverse split you'll divide your shares by 20. The price will be multiplied by 20 which should land us around .072 per share. Even though the price is jumping around right now with very little volume, I expect us to start trading around .072 and we will probably go down a little bit after that. This is all based on most reverse splits in the OTC.
The O/S has been reduced from 690 million to 34.5 million. The A/S so far has remained the same at 900 million. There has been no increase in the O/S and no dilution.
Depending on what broker you have, your shares will be released under BBRDD pretty soon. The extra "D" at the end will be gone in about a month.
Good luck to you Copa and all longs!
BBRDD WERPO
Oh NioStar, my favorite poster...
T Trades added up to around 40 million (out of 690 million O/S) and the OS was never increased. It was always part of the O/S. It would be like me selling my shares, would you call that dilution?
You should Google (comes from the term "googol") how to spell shyster. Just a heads up for future PRs regarding Eco Wave.
I wonder how Eco Wave is doing these days. I haven't heard much about them. Too much focus around WERPO I guess.
Lawyer up Inna :)
Love your ninja edits by the way Inna! Trying to hide your mistakes :) That's cute.
Funny how my DD is good, but the knowledge you have seems like you were part of the WERPO family before.
Where are you from by the way? Do you live in Ukraine? I'm pretty sure you won't answer this, but just curious. I hear Eco Wave is out in Ukraine BTW, you should check them out!
BBRDD WERPO
I don't think we want news right now. Let's say it is good news. There will be zero action and it will be wasted. I think shares are still locked up for another day or so.
Hi Lubberboy, here is a good link to read to learn about Form T-Trades.
incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/
I'll try to sum it up...
OTC stocks don't have after hours trading, period. You'll sometimes see a trade occur up to 15 minutes after the closing bell and scratch your head. This trade didn't actually occur after hours though.
What you're seeing is a Form T Trade and it is typically not a single trade, but multiple trades that occurred during trading hours. What you see posted is the average price of those multiple trades.
Well why don't the trades just show up during trading hours? This is where it gets a little mysterious. The T Trades can be a lot of selling or a lot of buying. The Market Makers hide these trades so that it doesn't influence buyers or sellers in a certain direction.
You can also see T Trades happen during trading hours. You'll see a HUGE buy or sell and think that some huge whale just bought or sold out. Again, this was not just a single trade, but many trades and the price posted is the average price of those trades. You can easily spot these T Trades when a huge buy or sell occurs and it does nothing to affect the BID or ASK, or if the price posted was above or below the BID or ASK.
BBRDD WERPO
Hey Dough, I would say that if the A/S stays at 900 million, it is not bad, but leaves a cloud of worry over investors. What we need to watch out for is the O/S increasing... let me explain.
Before the reverse split we had an A/S of 900 million and an O/S of 690 million shares.
Now let's assume the A/S of 900 million doesn't get split. What that leaves us with AFTER the reverse split is:
A/S = 900 million shares
O/S = 34.5 million shares
The problem with this is that the O/S can be increased from 34.5 million all the way up to 900 million which is dilution and that's bad. Some dilution may happen, but you have to worry when you start seeing lots of it.
Let's take ELR(A) for example. They performed a reverse split on 5/2/14 which made the O/S low, but the A/S was left as is. Then they started increases the O/S every so often until it got a bit crazy.
This was ELR(A)'s dilution machine running non-stop after they performed a reverse split.
5/02 5.6 million OS (at time of 10:1 R/S)
5/29 8.6 million OS
6/12 9.7 million OS
6/26/ 12.2 million OS
7/7/14 30.7 million OS
7/16/14 38.1 million OS
7/25/14 47.7 million OS
8/8/14 76 million OS
8/11/14 79 million OS
8/12/14 91 million OS
8/18/14 141.2 million OS
8/23/14 159.8 million OS
8/28/14 210.8 million OS
8/29/14 229.1 million OS
9/09/14 261.4 million OS
9/19/14 332.4 million OS
9/24/14 332.4 million OS
9/26/14 332.4 million OS
10/01/14 391.3 million OS
10/02/14 490.5 million OS
10/08/14 647.2 million OS
10/15/14 768.1 million OS
10/24/14 965.6 million OS
This is the dilution that people worry about. Notice the sneaky non-stop increase every few days? The process can be repeated over and over until everyone has lost interest in the stock.
I check the OS and AS almost daily. I'll make sure to warn everyone if I start noticing gains in the OS.
Some OS increase may be okay, but not a lot. It will kill the stock.
BBRD WERPO
LOL, Caffe I see you've met one of our village idiots. His post history shows he is limited to saying 6 words at any given time.
Marked you Caffe, great to have your knowledge and experience on this team!
BBRDD WERPO
Hi Jim, I'm pretty sure we'll hear something very soon since I believe OTC Pinks have a requirement to announce large changes within 4 business days.
Please keep in mind that BBRD/WERPO should NOT update shareholders with the trading locked up like it is for the next couple of days. If the news is bad, sure announce it immediately and let the fastest broker win to allow their shareholders dump shares.
If the news is good, wait until trading begins to take advantage of the action and momo. If they announced good news today, we would all be pissed because no one can do anything.
Good jokes by the way, but my posts per day are restricted to 15. Gotta choose wisely.
At least we didn't get any T-Trades today! Woo hoo!!! (joke)
BBRDD WERPO
Hi Darva. WERPO surprised us with a 20:1 split and there was a major sell off or panic sell.
The OS is now 34,500,000. It was previously 690,000,000, but with a 20:1 split (divide by 20).
What we don't know yet is the AS. We've called the TA and it is not gagged, but they still have the old numbers.
There's pretty much no action today and probably tomorrow because all of the held shares are locked up. Brokers are working on changing the ticker and price. Also the Trade Authority needs to update their side as well.
We don't know if we're screwed or not. I'm holding all shares and waiting for WERPO to update shareholders.
I believe they have to release an update within 4 business days after today so we should hear something by Friday. Also BBRD/WERPO has their year end date on 10/31. They'll need to submit renewals and re-registrations which includes the latest Board of Directors. A Board change would also require an announcement within 4 business days.
BBRDD WERPO
It just means that BBRD/WERPO needs to submit all their renewals/registrations and can include any changes or updates (like new Board of Director members).
We will eventually get their Annual Report (which isn't due until 90 days after 10/31). We won't receive an 8k since BBRD is under OTC Pink reporting requirements. But with their Annual or Quarterly reports we'll get financials, stakeholders, OS and AS, and other good details.
90 days for an Annual Report isn't a fun wait, but what is cool is that after 10/31, any big changes need to be reported within 4 business days.
I think everyone here is expecting some updates very soon. I think we'll be getting one this week and one next week.
BBRDD WERPO
NioStar, you're not putting any DD or effort into your statements.
Sloppy PRs (plural)? The Sri Lanka one was the only sloppy one and that's the first time John Pedder's signature was updated to "Interim President". We all know that means he's on his way out and that Eteligis is BBRD's PR distribution route. It has been confirmed here before that WERPO only sends their PR's through PR Newswire.
And who is Qvadia? Speaking of sloppy PRs, you need to get the owner's name correct and I've called you on it before.
What dirty tricks are being played? A reverse split of 20:1? Why that number and why not a 100:1 or 1000:1 split? And why do it at our previous PPS? We weren't in any danger of being delisted.
Again show proof NioStar. Leaving the AS intact doesn't mean dilution. It just means a possible option to dilute harder, but you actually have to see it. That's like saying having a gun means you're going to kill someone.
I see the BID at .0125 and the ASK at .1999. No old shares being traded. This will take a few days and each broker will update thei accounts at different dates/times.
BBRDD WERPO