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Grace period of QB is only 90 days now.
Wow! What another amazing day for this turd! Nasdaq is surely right around the corner, guys!
A market cap of $6, yes. Probably still over book value.
How low is this going to fall today/this week? Trips most definitely, but where does the bleeding stop?
Geordan has done far more to destroy his own company than me pointing out their numerous short comings.
Trips coming today? Or will it take until next week? How far is that idiot geordan going to let it fall while continuing to remain silent?
Im not really sure why that is a surprise to you. Anyone with any experience could have told you this will certainly test new lows after the Pre14C was filed. Especially when there won't be any filings released for another month (and likely won't show anything significant). This isn't rocket science.
But those SaaS multiples will surely be the game changer now. For sure this time guys.
in this case, it means to implode back to no bid.
They are on the verge of their 3rd RS in as many years. Anyone that's paying attention knows what's happening here.
Things are really heating up here haha. All it will take is the next PR and this will be right onto nasdaq, right? The peasants in the OTC just can't understand muh SaaS multiples! This will be worth billions soon, oh mer gerd!
That really makes you think. Its ironic that we have a "group" of mods that have posted exclusively on this board to pump it for the better part of two years.
How long until this hits trips? I am guessing next week. No news coming until the end of march and they just added a billion to the AS. 99.9% of companies that do this have a single objective in mind. More dilution and pocket lining for that crook.
I was actually just looking for the claimed acquisition around the time of the previous RS. This is like an instant replay of my time holding this.
So quiet here. What happened to all those telling people how just absolutely amazing this company is? How this will definitely be on nasdaq soon? How a billion dollar market cap is some sort of forgone conclusion thanks to this "oh so great CEO"? How muh SaaS multiples are going to make people millions? Maybe after years of being wrong, they don't even believe it anymore?
What I find funniest of all, is its always right around the corner! The next Q will be the big one, or the next PR, or the next acquisition. Yet after years, this is still near all time lows and no one wants to touch the turd. Now tell me more about that share cancellation that isn't happening.
You must be new here. This company and dilution go hand-in-hand.
Is there a reason in particular that you expected one today?
At least with the market closed, Geordan can't do anything today to continue hurting shareholders.
haha no worries mate! I wasn't sure if you remembered me or not from way back when. good luck to you!
nudie you know very well that I have been very upfront and honest about my intentions here over the past two years.
As I know there is not news coming next week, where are you getting your information? Have any sources to back up your claim? Or are you just pumping your bag?
Theres nothing to win with ABCE. I thought exactly as you did before you announced the last R/S. Im not going to dissuade you from taking a position, but I wouldn't recommend it.
That doesn't mean they won't be diluting for capital raising purposes. They have said this all before in the past, do you know how that ended up?
Haha that is rich. Even with that best case scenario you outlined, they wouldn't meet the requirements for the exchange. Keep posting the narrative that Geordan is selling you, while ignoring all the red flags and BS he is pulling.
The bottom line of this ticker is that everyone who bought the crap Geordan/George were pushing are FAR worse off today. They continue to make terrible managerial decisions and take actions that destroy their shareholders. They continue to mislead investors and never explain the idiotic action they are taking. You can call it knee jerk reactions, but its a pretty solid indication of the market opinion of BYOC, and it is not remotely positive.
But tell me more about muh SaaS multiples that will never come into play here.
Why overpay when trips are this close? Do you dislike making money?
He also used the 700M that he has repeatedly told people were getting cancelled to approve the increase. You can try to spin this increase as a good thing, or needed all you want, it doesn't make it true. If there was a legit need, why not explain that in the release? This is another case of Geordan getting set up to rip off this shareholders (again), as he has been doing since he took over as CEO.
If that were the case, they would have stated as such in the Pre 14C, not indicating that it was for capital raising purposes. There is no legitimate reason for them to increase the AS at this time, given what they have been feeding shareholders recently (secured funding, operations being self sustaining, etc.).
Geordan controls the block of shares that he was supposedly going to get cancelled, and used that voting power to force through this pointless increase.
The selling yesterday wasn't a knee jerk reaction. It was traders who know that an AS increase only means one things, and thats A LOT more dilution. This thing tanks back to new lows guaranteed, thanks to that utter dipsh.. Geordan.
Thats what I was waiting on. Needs to hold the .001 bottom for me to even consider it. I don't think it will with the dumping. I very easily could be wrong though, so take my opinion with a grain of salt.
I agree. There will be a group that runs it post split, but ATM, I don't like what I am seeing. I will probably not re-enter for a while yet.
Haha glad I got out of this turd. What idiot reason can Geordan have to pull this move? Say bye bye to the recent leg up, it will test new lows now.
Incompetence, no other way to put it.
Yes they are, and they have always been willing it do so. Usually, they will let it breath between tranches for a day or two to sell the next set higher. That is usually where you can flip it for some easy profit. Anyone doing more than swinging this is only setting themselves up for disaster, though, IMO.
Im actually waiting to see if it holds the double bottom around the 10/11 mark.
This has been the cycle since I have been monitoring the Co.
That would be the 3rd in as many years by my count.
I discussed this with the previous CEO before they announced the last RS. I dont see them reducing it any time soon. The third RS is likely coming shortly IMO, so consider this a trade if youre entering, not an investment.
I agree, I have a small bid up for the time being. Waiting to see how the rest of morning shakes out before making any moves.
Ive been watching for an entry as well. Definitely looks to be at least a flip in the near future.
So when does this hit the greys?
Can confirm. I have been eyeing an entry for a quick flip.
Just came back here for this entertainment. You do realize that those that "blew up their broker account" had averaged down enough to be profiting at this point, right? Shorty is sweating haha.
Keep hitting the ask so I can finally get out of this freaking ticker even.
Lets not forget that Geordan was telling shareholders that there was no dilution occurring during this time period. I really love how you all hang on every word from him as if it were gospel, yet you ignore all the times he has blatantly lied/misled shareholders.