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I changed it to Goldwagon on Twitter X but I think I was premature by a couple years. Lol if I would have sold at .70 and bought back here I might have had to change it to Palladiumwagon. I’d just settle for Nicklewagon in the short term.
Call me crazy, but my subconscious worked on the (assumed cryptogram from linked in) and this is my final answer:
OTCAYWAEYNYE
Our
Ticker
Change
Application
Yesterday
Was
Accepted.
Enjoy
Your
New
Year
Everyone.
That would give about 30 days from early last week until we see it on https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Fact or Fiction??? You decide.
However you slice it, Ronaldinho put a blast out to his 75 million IG followers that he endorses the new Beroe 3rd kit with his logo on it from Dryworld. As shirts go, it looks to have wide aesthetics appeal for shirt fans. JMHO
The only shares that can be sold into the market right now are the convertible notes which have also been registered with the TA. If the shares were converted back in September or early October, then, based on the share price and the note terms, there could be around 20 million shares. That would make sense since there are roughly 7-10 million restricted shares issued. Yes the note holders scored, but it does not mean the company is not on the right track. I believe we have seen the last of notes. JMHO
I just realized all this talk about Dryworld selling shares directly into the market makes no sense, since one of our complaints is that they are non reporting, that is the same thing that prevents them from issuing shares directly into the market. We knew there were a couple notes totaling $175k that are probably the culprits, and they closed the Brio deal which I believe was 5 million shares issued. Also keep in mind there were no less than a dozen recent ambassadors each getting a bunch of shares, and the exercise equipment deal was a few million shares. I think it was lofty to think that shares were not going to be issued along the way, heck isn’t that why a company would go public to raise capital while selling off bits of equity. I would rather have a small percentage of a successful company than a large percentage of an unsuccessful one. It takes money to make money.
I’m going to keep riding with Team-D until the promised land. People can do and say as they please. I can’t wait to make fun of myself and others when I look back and laugh at the time I was worried as I sip champagne and count my money.
Best to all, even you Huggy.
Never a fan of dilution, but this represents less than 1% of the OS. I think/hope they are just selling what they need to move forward, pay for the audit, file with FINRA etc.
Our Ticker Change Application…..?
…To You Wednesday…?
The whole reason it wasn’t getting done was the cost. Now way it was that cheap. They finally got the Beroe revenue, which on the 19Q was still just Accounts Receivable (AR), invoiced but not collected. They most likely got payments from Beroe over the past couple of months that allowed them to pay for the audit. Guaranteed it was 6 figures.
I think it could be as much as $100k. Seems like manpower wise it is absurd, even at $250/hr, there is no way it would take 400 man hours to complete. I think the auditors know how much it means financially to a company so they gouge them.
My old boss used to price repairs on expensive electronics for our customers. He never went by how many hours it took multiplied by labor rate, he looked up how much replacement cost was and charged 25% of that. It was almost always much more than time and materials. But the customer needed it and figured they saved 75% from buying a new one and were happy.
It is like the auto mechanic that says he can fix the starter on a car that won’t start for $300. The owner thinks that is cheap and say okay. He proceeds to slide under the car and smack the starter motor. He slides back out, and says try to start the car. Vroom!! It starts. He asks for the money and the owner says how can he charge $300 for one stroke of a hammer. The mechanic says the hammer stroke was free, the $300 is for knowing where to hit it.
We need the audit, the auditor knows it, in fact all the auditing firms know it, so the gouge and price fix in the industry.
I thought that too, like fins out 12/31/23, on time without the 15 day extension? Meaning maybe they are decent revenues?
I am bored enough to analyze the LinkedIn post ad nauseam, and maybe it can keep others busy trying to figure out the cryptogram (if it really is one):
If you take out the capital letter of all the capitalized words you get:
A.O.T.C.A.T.Y.W.A.E.Y.N.Y.E
Some letters may just be the first word of the sentence, but I think others are deliberate. My loose guess is:
OTC Audit To You Wednesday And End of Year Numbers Year End. I am totally stretching it, but maybe more heads working on it can get it figured out. If it is nothing, at least it will distract some from watching the current share price. Lol
Maybe the PR went out well after the audit was started? So it may have been partially or mostly done when it was announced. I’m guessing it cost a lot of cash to get it done, and maybe there were installments with the final installment being paid when the PR was cut?
Always hopeful I guess.
Cryptic maybe, but the LinkedIn posts usually precede news. Maybe we get news before the holiday that the audit is complete?
No they don’t. They are restricted and then the restriction must be removed. There is a period that it takes for both the note converter and the company to prove the notes are legit to the Transfer Agent. Then the converter still needs to find a broker that will accept the newly unrestricted shares which is very difficult in the last several years since most brokers (Fidelity, Schwab, Etrade, etc) will not touch them. It is not a simple process.
Once Dryworld is SEC reporting, then it is much easier.
You are incorrect, they are issued restricted and can have the restriction removed later. These shares were not restricted at any time. Otherwise we all would have seen the restricted decrease and unrestricted increase the same amount in the same day.
You and everyone of us know that is not the case. Debt conversion for a non reporting company are restricted shares. More like these shares are direct issues to fund the audit. Probably a six figure bill.
I think OTCN has been selling shares it doesn’t own for a long time, maybe even prior to Applicate and Dryworld, and would have trouble procuring those shares back at anything other than a huge loss. So they have the choice to outsell the buyers, or buy and cover and eat a big loss. JMHO
I gotta hand it to you, the commitment shown here is astronomical. Let’s revisit this post in several weeks….
I know I’m not the only one thinking this, “About Friggin’ Time!!!!”
Let’s Gooooooo!
No, but we saw a picture somewhere of the players wearing it. There was a big delay getting the away kits on the shop, so I would not be surprised if these are still weeks out. I wish Dryworld would give indications of sales for Beroe jerseys so far. Social media reviews from Beroe fans indicate that they love them so far.
I honestly don’t think that we have seen what he is going to do in Dryworld’s name yet. He is signed on for 10 years, and the Beroe 3rd kit with his logo is an indication of much more to come. JMHO
I don’t think we can blame longs for the majority of the selling, the OS increase explains most of it. Sad to see they decided to issue shares into the open market at .01 when they could have done a fraction of the number of shares over the past couple of years at .50, .40, .30, .20, .10, you get the idea.
I am just hoping the fire sale is to raise enough cash to pay for the audit, or close China, or hell even change the ticker and name. I’m sure the Beroe money is mostly in AR and not paid at once. It takes money to make money, and right now, since all deals (with the exception of maybe Beroe) have returned much less than expected, and that is why they have negative cash flow. I am certain Matt and Brian have been working on deals, and long run that is what DryWorld needs to make it, but FINRA and the Audit mean more to share price right now. If even one of those were done, they wouldn’t be issuing shares at .01, but more like .05 or higher. JMHO So the cost of not doing those is way more than the cost to get them completed. I imagine deals in talks have to be kept quiet until finalized, so I’m not mad about that. I believe that a few angry investors/flippers threats of suing and “reporting them to the SEC” have had a hand in the lack of sharing updates. I’m sure they feel that official PR’s and quarterly reports is their minimum requirement. I think they had several options for the financing of operations, and it looks as if they all went splat, so they are left with open market selling. It is easy to speculate when we get no info. Hopefully the secrecy of operations will end soon.
Frustrated but still long and positive.
Interesting. More avenues of future revenue.
You are not making any sense. Whew!!!! You are exhausting.
Dryworld Ambassador video
Maybe just Ronaldinho?
Guess we know where the 850k shares went…. Dryworld seems to be starting to dominate the triathlon circuit. Lot of money in it as we grab a bigger and bigger market share.
Buy up the ask and start a huge run to .10+
Approximately 3,000% growth YoY for Q3/22 to Q3/23.
I'll take it!!!!!!!!!!!
Or was that revenue for Dryworld Industries??? LOL Maybe our resident negative analyst can tell us how that might even be possible?
I'll look, I hope you are right, CHINA WILL BE HUGE!!!! Influx of revenue from the partnership or from licensing our name. They are already an established and viable business over there, and once they are under IBGR, we will see how big.
It has been 7 months since Brian posted on Linkedin that wasn't a news item. I think it strange that he would do it today without something coming. I could speculate, but I would just raise expectations or possibly start rumors. I've waitied a few years, I can wait a little longer. Besides we will get the Q between now and Monday at least.
https://www.linkedin.com/feed/update/urn:li:activity:7097969966037008386/
Brian has a new Linkedin post. Emphasis on "We 'ALL' Win"
These are not shares for cash. They are restricted. They could be for Brio, but that would only be up to 5 million max per the PR. They are most likely for Ronaldinho and a small fraction for possibly our high jumper, ballerina, triathlete, etc. I hope they are for Ronaldinho mostly or all since claiming him as a huge shareholder would bode well for us. At worst they are conversions of the notes still outstanding, though that would make me think people “in the know” think this bottomed out recently. JMHO
Because I said so!!!!
HAHAHAHAHA!!! Great argument (sarcasm)!!!!
You are wrong on both accounts. They are Dryworld Brands China stores which will be a subsidiary of Dryworld Brands, Inc. soon or late.
As dumb as MInsky is, you know that was Sharp trying to leverage Minsky’s past, who was once an assistant DA for NJ, to scare you and IG, PBJT, et al. He is a narcissistic sociopath who is just ripping off people. He got me for some money with that whole George the Savior of GRDO. He hasn’t put a single thing in that shell for 5+ years, but has funded his thoroughbred habit for years.
Nope, but I did get sucked into buying a lot of shares based on management hype, which I agree would have gone down the tubes if not for Dryworld taking over. I am very grateful for Dryworld, and that is why I am a big supporter of them and my investment. They have ousted MInsky and in doing so have cut ties with all his scam buddies. I learned a valuable lesson about the OTC, and thank god it did not cost me a fortune. In fact it will most likely make a fortune. Funny huh?
There you go lying again. I’m not a promoter, I’m a shareholder. You’re a “basher” probably trying to scoop up cheapies for the next run. See how easily I can label you too?