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Some pretty large bid whacks after the morning bell. Almost 7M volume already.
Merger news is the only thing that will really move this.
"Getting word out" will just attract flippers.
If and hopefully there is a merger, this will take off. Look at how UDHI flew on a similar SS. This could be a 30x-50x even 100x bagger for some people.
Volume hasn't been unusually high
Seems like someone put 10 million on the ask at 0.0019 and then someone else dumped some at lower prices.
Hard to tell what's going on. There have been several large red days in recent weeks. Could be a slow unload by insiders...or it could just be flippers in need of cash.
Bids creeping up now as I type
88M on the bid here at 0.0003
Price seems to be stable in recent weeks.
Got it thanks. Didn't look back far enough.
I guess we are still waiting for this to happen.
Would be a red flag if it does IMO.
Institutional ownership is no guarantee of stock success.
In fact, some institutional investors make easy money by shorting stocks that they know will be diluted.
Let's hope that isn't the case with STWC.
I haven't seen anything about an A/S raise. I just looked at OTC Markets and it is unchanged as far as I can tell. 1.25B on Aug 5.
Can you post a link to where you got info about the A/S raise?
There are lots of companies on the major exchanges (NYSE, Nasdaq) that trade far above their actual worth. Just look at NKLA right now.
It's no different on the OTC market. STWC could be valued at $5-10 million and could easily hit $0.10, if not multi dimes.
Realistically, multi pennies would be a terrific achievement, but that doesn't mean $0.10 isn't possible.
In general, the volume on green days has been better than the volume on red days.
But realistically this thing isn't going to move until there is some kind of news or new information. Without news it will eventually just trickle back down to trips.
It's also not surprising that there is some selling going on. This thing was at 0.0002 before the mega buy on 5/28. It also dropped to 0.0003 and 0.0004 after that. So those who picked up shares at those levels could have sold at a pretty decent profit, knowing that there is still strong buying support.
I want to see pennies too but one has to be realistic.
Strange bid just now
1428571 bid at 0.0014, which is exactly equal to 10 million divided by 7 (integer).
Really, you think so?
I guess if you have the 120 million shares you said you did in an earlier post you would know. With this OS, that's probably enough to file a 13D/G...
Hopefully you are talking about a green day, not a red day.
Lot of good signs here.
Good chart with cup and handle and back to back dojis Friday and today. There seems to be support at 0.001.
News will help even more.
Just waiting for news here.
Looks like there was a mega load back in January and crickets since then.
Really thin right now. B/A has been creeping up the last 2 weeks.
Picked up some of this in the trips and wow, it's running for the moment.
No news yet though.
This pig is about to FLY
Load the boat IMO.
Could be wrong but we'll see.
I agree, 1.5B OS isn't much in Pennyland
The funny thing is that whenever I look for pink companies that might run, I usually have a maximum standard of 1.5B authorized shares. Also, there are tons of real companies on NYSE and NASDAQ that trade at stock prices far above their book value.
What you don't want is a 10B A/S, like you see with GTEH or PLYZ, the latter of which has hundreds of millions of shares traded daily and 1B on the ask.
IMO this is about to go up again.
It will run up before the Friday announcement, though after that I don't know what will happen.
Are you suggesting that PCTI has a boatload of federal contracts that aren't showing up on GovTribe?
I just went to USAspending.gov and did an advanced search with the following parameters:
Keyword: Power conversion technologies
All Fiscal Years
Recipient Type: Woman Owned Business
I got the same set of contracts. I then removed the Woman Owned Business recipient type and got 132 results, but that includes things that aren't PCTI.
I'm pretty sure that all government contracts can be accessed by the public for tax/transparency reasons. So maybe GovTribe is inaccurate, but if you are a legitimate federal contractor you will show up somewhere.
For those wanting info on PCTI's government contracts you should look here. I assume this has been previously posted but am posting it again for reference (so many posts on here).
https://govtribe.com/vendors/power-conversion-technologies-inc-dot-pcti-0v1g9
In the left hand column, click on the link that says "Awarded Federal Contract Award" for the specific details. You can do this for each one.
For example here is their most recent one in July 2019:
https://govtribe.com/award/federal-contract-award/purchase-order-w912nr19p0066
The value for most of these contracts is in the low 5-figures. This one was 25k and was their only government one in 2019. They haven't had any government contracts since then, but it's possible they have gotten more revenue from private businesses.
Also, be aware that you will have to subscribe to GovTribe to keep looking at it.
A lot of selling today has been from the people who bought in at or below a penny per share and are trying to cover the costs of their buy ins in case it goes down. Some are taking their profit entirely.
Most of the fear has to do with the fact that the merger might not happen. But there is also concern that, assuming the merger does go through, PCTI won't look as good as predicted on the 8-K.
You are right I missed that.
But if true, that suggests that the reverse merger is more likely to happen. In which case I think the share price does spike, at least in the short term.
I am holding a 5-figure amount of shares but I bought those before I knew about ELTZ. I'm still deciding what to do.
Also I am not accusing PCTI of any wrongdoing with ELTZ, just pointing out that some insider somewhere probably made off well from the December 20 load.
I want to load myself...
but Fidelity won't let me!
This better not go up :)
My thoughts
I've seen a lot of back and forth on this board about whether this reverse merger is legitimate or not so I did some of my own DD.
First of all, from everything that I can tell, PCTI is a legitimate company. They are listed in the army technology database here: https://www.army-technology.com/contractors/electrical/power-conversion/
They have previously been chosen by the Air Force for power converters in 2013: https://www.militaryaerospace.com/power/article/16716022/air-force-chooses-power-converters-from-power-conversion-technologies-for-f35-maintenance
However this contract was small. It was for four 270 volt DC power converters and was worth $171,504.
They say they have $14M in revenue, but we don't really know that.
My best guess is that PCTI is a profitable and solid, if unspectacular company. According to RocketReach, they have at least 10 employees: https://rocketreach.co/power-conversion-technologies-inc-management_b5e2e7a7f42e6c43
(According to Linkedin, they have 11)
Now, PCTI has been around for a while, specifically since 1991. We don't know what kind of growth they've been through but again, they still only have 11 employees now despite being around for 25 years. However, their products are at least good enough for the Air Force and military. It's hard to say what kind of growth potential they really have but as a private company they seem to be well run, at least well enough.
OZOP on the other hand, has numerous red flags, many of which have already been rehashed on this board. So the big question is, why would there be a reverse merger, and why is OZOP paying PCTI to merge instead of the other way around?
To answer this, one has to ask why a company like PCTI would ever merge with a company like OZOP. Three reasons come to mind. One is that PCTI wants to go public but lacks the growth potential and capital to make a serious public offering. So they found an easier way to do it by reverse merger. The second reason is more grim - after 25 years they know they are slowly being outcompeted and want to cash in by going public while they are still legitimate. The third reason is even more dark, as you will see later in the post.
Let's think about the first case. PCTI is doing well and wants to go public to get more attention and growth potential, etc. But since they're small, they can't really do a public offering and do a reverse merger. OZOP is basically desperate and says ok here, let's do a reverse merger. PCTI realizes that OZOP has problems, and that OZOP's future is basically dependent on them, since if the agreement fails, they just go back to being a profitable private company and OZOP crashes. Therefore, PCTI has leverage over OZOP and doesn't like the idea of taking on so much debt. So it is OZOP that must pay for the reverse merger and clean up the debt first, which they do by dilution.
In the second case however, the grim version, PCTI is slowly failing and just wants to cash in. They use their specter of legitimacy to merge with OZOP and cause a spike in the share price. OZOP is failing anyway and wants their own opportunity to cash out however they can. So OZOP pays a ton of money to Chis and a bunch of shares. The reverse merger happens, the share price spikes, and then it is progressive dumping and dilution for all of them.
In both of these cases, I think that ultimately the reverse merger happens and the share price spikes substantially, at least for a short time even in the second case.
In the first case, there is an alternate possibility, which is that PCTI is actually unaware of OZOP's problems, and for that matter, Conway's problems. In this case, it's possible they suddenly back out, in which case the share price crashes and bagholders are left out in the cold. Nonetheless, I suspect this is less likely to be the case because if PCTI and Cathy Chis have ANY competence, they will know the current state of OZOP. I suspect they do just because OZOP is paying them instead of the other way around.
However, there is just one more piece of the puzzle. This is the third case, and it is much darker than the other two. To understand this, you have to know about ELTZ, a caveat emptor company. A while back, as you can see on PCTI's twitter, they were talking about merging with ELTZ. See here:
We are excited to announce the signing of a binding Letter of Intent with Elite Group, Inc as we enter the next phase of expansion into our multi-billion dollar industry. We have retained The Waypoint Refinery to oversee public and investor communications $ELTZ @waypointThe
— PCTI.com (@power_conv_tech) December 23, 2019
)My understanding is the letter was sent to the wrong PO Box May 30, registered mail. $ELTZ is working with the PO and the agent. If the mistake is on their end perhaps it will be lifted, as he shows an auditor is engaged for the filings. @power_conv_tech is sitting tight for now
— Waypoint Refinery (@WaypointThe) January 11, 2020
8 million sitting on the bid at 0.0002 today but no selling.
Is this thing going to run again??
What is bizarre to me is how the supposed scammers are making money off this.
It's not like there have been any reverse splits or mega dumps. Unless the insiders have been shorting DUTV or making tons of small trades I don't see it. The cumulative volume over the last year or so just hasn't been large enough.
Really, how are these guys making money? (McHenry, Porr, Stone, Scorzelli, Nickerson, Passalaqua etc.)
Putting up the whole Evocann facade took work too. What is the payoff for that?
Unless DUTV is part of some wider scheme?
Obviously someone crashed the price
Maybe they just wanted to start accumulating at a better price.
So about that video...
The video interview with the mother says that she has worked with Keiji, and used Evocann's products to help her young autistic son.
I have just two questions.
First of all, the woman in the interview never explicitly states what these products are, other than one is a "holistic compound" and the other is "CBD serum." What are these?
Secondly, towards the bottom on the front page of the Evocann website, it says this:
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
This product is not for use by or sale to persons under the age of 18. This product should be used only as directed on the label. It should not be used if you are pregnant or nursing. Consult with a physician before use if you have a serious medical condition or use prescription medications. A Doctor’s advice should be sought before using this and any supplemental dietary product. All trademarks and copyrights are property of their respective owners and not affiliated with nor do they endorse this product. These statements have not been evaluated by the FDA. This product is not intended to diagnose, treat, cure or prevent any disease. Individual weight loss results will vary. By using this site you agree to follow the Privacy Policy and all Terms & Conditions printed on this site. Void Where Prohibited By Law.
Not for use under 18? That doesn't seem to mesh with giving these products to a young autistic boy. So what is the discrepancy between the video and this disclosure?
He was around at the beginning of the year, after the initial run up to $0.004 but before the big run up to $0.02. One of his last posts about DUTV was his opinion that the run was over for a while.
His most recent posts were on the SVTE board about 6 months ago.
By his claim, he used to have phone conversations with Garry McHenry which, at one time, led to his unbridled enthusiasm about DUTV.
Great day...
Time to buy?
How much did it cost to acquire controlling interest of Nature Science Health?
I look forward to seeing the answer in the filings.
So if we assume they don't have a license, this suggests they cannot sell products. However, there is nothing in the law that says they can't give away free CBD products.
In other words, it's plausible that you could give away free CBD products.
The question is, why would Keiji give out free products for 5 years without bothering to get a license? It's not like he was waiting for DUTV to come along...after all DUTV was still a "telecom" company 5 years ago.
Even if they were growing hemp, which has a very low THC ratio to begin with, isolating the CBD would be no trivial feat. If they were just boiling/squeezing leaves and evaporating down to a concentrated stock, it would be wildly inconsistent and contain impurities.
On the other hand, to actually isolate the CBD, they would need a machine, probably an HPLC (high performance liquid chromatography), which would cost about $10,000 (at a minimum), not to mention you'd still need procedures to operate and maintain the machine, and a method to assess the concentration and purity of the isolate.
Here's a video of how to make CBD...as you can see, it's more than just a basement or garage endeavor.
CBD production video
(here is the parent article)
https://www.projectcbd.org/guidance/cannabis-oil-extraction
A more likely and simple explanation is that they simply bought CBD oil online from a vendor, and added it to baked goods. If you bake a tray of 24 cookies with a dose of CBD oil, and handed 'em out at a county fair or parties, you could pretty quickly reach the numbers they are claiming.
Either way I agree - it is not likely that this Keiji has the means for mass production right now.
Holy cow.
You could be the Liquidity Guinea Pig.
Use your holding to find out how liquid this stock really is with a huge market order.
Seriously, you could always try averaging down and praying for still more accumulation. The fact that there is a new CEO means it will probably hold at these levels for a little while at least. I wouldn't be totally surprised if there was another run at some point just because every CEO (McHenry, Scorzelli) has presided over a run.
Or you could short it. IMO I wouldn't recommend that though.
I agree that most selling was from long term holders. I didn't look at the net sum of all volume between the breakouts but it probably wasn't enough to include a massive amount of institutionally owned shares.
Still, it's pretty impressive that sellers collectively knew not to place large market orders.
Certainly there was no obvious dump. I suspect there was a slow and steady unloading of shares after the first and second breakouts.
They wouldn't have needed to dump everything to make money off of the new bagholders. A dump would have permanently delegitimized them.
Another thing would be a ticker change. MJ is not a "digital utility."
And yet, the allure of seed to sale is so great that DUTV might be propped up for months to come.
Even without any news.
As today showed, this thing isn't going gently into the good night.
Not a bad day honestly.
Up over 15% on fairly large volume. Could be a temporary correction but could also be sign of a turnaround...
It's quite possible that the last two days was someone panicking and trying to dump.
There's obviously support below 0.004 which was the initial breakout. If that holds there could be a run up.
Lot of justified panic selling.
There might be a correction upwards at some point when the panic ends but as others have said, whoever was holding it up is probably done now.
That said, there are likely still a lot of bagholders who bought in the trips and could still make a profit...if they can unload.
We might see trips by the end of the week. I would say tomorrow, except that the price closed above the day's low. Faint hope, if there was any.
Good news is the only thing that's gonna save DUTV now.
Calm down.
Everyone who bought in the trips and sold some around a penny or higher has almost certainly cut a profit. Doesn't that include you?
You never know, any day big news could hit and DUTV could shoot the moon. And on the other hand it could be a slow steady decay back into the trips as time goes on and no news comes. Only time will tell.
If you made a profit, you can afford to baghold.
Nothing of substance.
There is a report of Scorzelli's arrest in 2010 for soliciting sex with a fee but I checked the Massachusetts open court records and could find no evidence of a conviction.
http://www.sentinelandenterprise.com/ci_15584952
I didn't do a full background check so I have no idea if he has a previous record but I'm not sure it even matters unless he happened to have a prior conviction for a financial crime. Basically the most incriminating thing I could find about Scorzelli was simply the fact that he knew Garry McHenry at least a few years prior to becoming CEO of Digital.
According to the myLife page for Ralph Porretti, he has arrest or criminal records and bankruptcy or lien records. However, I didn't pay for the full background check so I don't know for sure why it says that. Again, unless he has a conviction for a financial crime, I don't know that it matters, especially at the age of 70.
https://www.mylife.com/ralph-porretti/ralph-porretti