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I would not even worry if the price of the stock drops it usually happens with penny stocks prior to earnings. Yesterday, I increased my position just in case momentum would take place even when I knew that the price of the stock would dropI still bought; why worry at what price I bought yesterday the price of the stock will return back to .01
Many on this board play penny stock, but many don't know how penny stock move and most move by pumping nothing to do with news. BYOC has a product and reputable clients we will enjoy the fruits of our investment.
Watch me get attack.
Even though institutions can trade penny stocks they usually avoid them for 4 reasons:
Minimum Market Cap. “Many funds will have a minimum market cap requirement, and even where this is not an official policy, we often find that fund managers draw their own line in the sand.”
Liquidity Concerns. Many fund fear getting stuck in an illiquid holding.
Corporate Governance. Institutional funds are concerned with poor levels of corporate governance and disclosure among microcaps, “a perception reinforced by high profile corporate scandals.”
Materiality. No matter the size of investment, fund managers must perform a similar level of due diligence for each investment. The size of microcaps compared to the size of most institutions means a meaningful investment cannot be made.
If the above is the case most likely it was a small institution that invested $1 million. Could be an acquaintance and if so then that news meant nothing, at .01 I will sell 2/3 of my position.
Would preferred shares reverse split along with common shares? Good question. In my opinion, they would adjust their conversion ratio, but assuming doesn't affect them would mean that we will not see a reverse split until the preferred shares are converted into common shares.
With the above being said, if they can exercise the prefer shares immediately then I will sell 2/3 of my position at .01 because after they exercise the preferred shares the company might just issue a press release that they will execute a reverse split.
Maybe Starling could elaborate on your question, and I also like him to comment on it.
I guess being narrow-minded does not allow one to see why I increased my position. I was correct about the price of the stock dropping between .0022 and .0024, and it did hit .0024, but what stopped it from dropping at the time I quoted this drop was the pump and dump. Now, why did I increase my position? Just in case you still can't figure it out---> there could be another pump and dump before the earnings are released. It will not hurt I I increased my position and the stock dropped because I know the price of the stock will rise. I am sure you increased your position prior to the price of the stock dropping.
Since you know then you must be close by.
I increased my position today, and I will increase my position at .002, it just appears that it will drop before earnings and if the earnings are positive they will be ready to rally the price of the stock, just an opinion.
Let me think big, assuming they post a profit like .02 cents a share where would the price of the stock rise to?
I just placed my order at .002, but I I will buy a little today in the .003 reign.
If they would have filed it shareholder would have known, so most likely they didn't file on.
The more share could turn into a rally Quickly turning a penny stock company into billion-dollar company. You saw what momentum did, so good earning can spark BYOC to go high. I am sure you want to hear this, but it is true a profit can cause a rally.
One more thing, small priced stocks are starting to shine and make a big impact on markets.
By the way, I will increase my position maybe today or tomorrow.
I probably will also get bashed for the above even though you probably will have a smile when you read this.
Sorry for the yawning, but you asked and I respond accordingly.
When I first invested in BYOC it was because of a beautiful chart and my cost was .0017 a share and when the stock when to about .005 I stated the chart shows me that the stock will drop between .0022 and .0024, but I did not sell, I was looking for close to 1 cent. Momentum cost the price of the stock to rise, and I withdrew my initial investment close to .01 leaving my profits. When it dropped to .005 I took a chance and increased my position hoping momentum would bring it back up, and it didn't, it dropped to what I originally stated, without momentum it would have drop at the time I stated that.
In my opinion, before it moves I feel it will drop before earnings, I am not bashing the company, I know it is a good company, I know they have a good product, I know they have good clients and real clients, but I do not have any problem stating opinions even if it does not taste good, that does not mean I am bashing the company. I do not have to mention the good in the company, why, to hype?
I knew about this stock a year ago and the billions of shares stopped me from buying. My brother about 2 or 3 months about bought it and told me about it and I told him what I did not buy a year ago. I looked at the chart, and it was positive moving me to purchase the stock and hope everyone enjoys the fruits of their investment.
Just want to increase my position at a lower price.
I was not traveling, I am abroad. There were strong winds, big trees were taken down and the internet where I am at went down, but I guess in the U.S. there is no strong winds, the internet does not go down, or maybe where you reside, lol. Not 7 hours away from the U.S., 7 hours difference, 11 hour trip, 9 hours non-stop before transfering.
I will say this, I am American and will always be an American, but I have to admit here where I am at people treat people with respect even in disagreements, showing no animosity.
One more thing, on Thursday I will increase my position on BYOC hoping it drops to my price.
I love charts and the chart is looking attractive, but in my opinion right before earnings it might drop to .002, again it is an opinion.
Hope you are right. Most likely I will increase my position on Thursday.
Nothing is wrong, but the content says it all and I am glad you said no and not yes, just like keepitrealistic said in a private message. One thing about me, I will never make a false statement about anyone, neither do I wish anyone to lose money and I certainly do not play shorts and I only state opinions and opinions are not factual.
So why do I want to increase my position at a lower price? Because I know where this stock is heading, .35 cents for sure, but I will state it in an opinion.
Keepitrealitc, the reason the stock did not drop immediately to the reign between .0022 and .0024 was because of momentum and I sold at a profit, but after momentum stopped it dropped to .0024 and many still did not believe it was drop. In an opinion, I thing before earnings it will drop to .002, again just an opinion which is okay to disagree, does all you all do with my post is disagree.
Seriously, I hope you are correct, I will cash in some shares of BYOC/
Hopefully this week I will increase my position in BYOC .002 or better, hoping that SERG .01 post fulfills this Friday as he predicted.
Have some learning to do? Familiar with the market over 45 year, you reading know how to make someone laugh.
My internet was off all day, strong winds. Let me read what you guys wrote and as I stated, after tomorrow I will determine in I am ready to increase my postion. But I see that it is not moving.
Net loss for the three months ended September 30, 2020 was $7,729,449, compared to a net income of $1,860,561 for the three months ended September 30, 2019.
So, are you blaming the total loss of $7 million in 3 months on this so-called pandemic? I won't deny that this so-called pandemic affected the company's earnings, but to say that the $7 million loss was due to this so-called pandemic would be an incorrect statement to make.
I own the stock and as I posted depending on how it ends up Wednesday I will see if Thursday I will increase my position or wait after earning. My profit is my investment and I also bought around .005
I do not wish BYOC to drop I am a shareholder, but I have no problems as a shareholder post what is wrong in an opinion. Even last week I stated I was not worry about the 10000 that were sold that it was a good sign that in was a current institution that reinvested.
By the way, I am presently abroad, 7 hours away which is why I can post early while you guys are sleeping.
This has nothing to do with bashing BYOC because sometimes one has to lose money to generate good revenue. The question that one has to ask; did they get new busines, did they post in this coming earnings revenue from some of the clients that they contracted in the 3rd quarter?
We need to see increase revenue, profits or decrease in loses, but low. Two years with high loses is not a good sign form any company. What holds me in this company is the clients they have, but it will not sit with me well if they more high losses and I have to blame management. Again, this is an opinion that is being posted, but below I am posting past earnings. In my opinion, high revenue, decrease in loses and big new clients will gradually take this stock on a nice uptrend. I am waiting one week before earnings to see if I will increase my position and if I don't the plus is that I still own the stock.
So, I am not really looking for a profit, but just in what I stated in the obove.
Key Financial Highlights for Year-to-Date 2020:
Revenues increased by 5% to $3.0 million
Gross profit decreased by 1% to $2.0 million
Gross margin of 67%
Total assets of $5.4 million
Financial Results for the Three Months Ended September 30, 2020:
Revenue for the three months ended September 30, 2020 was $983,155, a decrease of $201,144, or 17%, compared to $1,184,299 for the three months ended September 30, 2019.
Net loss for the nine months ended September 30, 2020 was $10,668,157, an increase, compared to a net loss of $7,072,644 for the nine months ended September 30, 2019
GM, I am not disputing what you sent me, what I am stating is that the 10000 shares can be converted into commonshares sometimes in the future which will increase the outstanding shares. But, I also stated in one of my post, that I would not worry because the company that invested is an existing company which is a plus, assuring that the price of the stock would return back to one cent.
I did not like the fact that they extended the earning because many penny stock that extends the earnings usually post negative earnings.
I was never bashing the company though many perceived it that way because an opinion what not tasteful, but if you go back you will see the reason I made that statement and gave it in an opinion. Many took it as if the company was being bashed. I am a shareholder, do you think I want the stock to drop? I left my profit in when I cashed in my initial investment and I increase my position around .005, why would I want the stock to drop, to average down? Rarely do I average down, but yes I will increase my position in the .001 range if it drops to that range. Do I want it to drop, no. I have a family member in this stock who highly praised the company, meaning I would not want him to lose his investment. If you ever had your own business you should know that you do not focus on the good of the company, you focus on the bad of the company to correct it. So, if I post what I don't like about the company it does not mean I am bashing the company, or does it?
To my recollection the recent 8K filing it gave the option convert the 10,000 shares they received to 100 million and if so, wouldn't the authorize shares increase?
It is usually call raise to dilute with penny stocks, just my opinion.
Nice article, but BYOC is a penny stocks because of management; hire the right people and you will see this diamond glittering.
1) maybe they know that BYOC is a diamond in the rought or maybe they know that exercises the convertibles to common shares they will make there money back plus more.
2) can be answered with the first one.
3) hope that it is use not to pay debt, nor to pay salary, but to better the company.
4)could be answered with the first one.
5) I think BYOC is a gem, they have a product, they have good clients, but in my opinion management is the problem which is why the stock is stuck within the penny. Seriously, this stock should be about $3.00 and I am not hyping, but management is keeping it down because they don't know how to handle a diamond.
Above is based on my opinion and it is okay to disagree and hypers will always disagree.
It is okay to disagree and accuse one of being wrong, but if the price of the stock dropped due to the death of the CEO then that says it all; that the rest of the principals of the company need to go. So, you can disagree, but what you are stating that BYOC only had one person, the CEO the rest were no good and if you agree then management has to go, right?
This has nothing to do with the CEO's death, it has to do with management and they need to make changes. Maybe they have already polished this diamond and was disappointed with all the inclusions and now they just need to Laser drill this diamond, a technique that is used to remove inclusions;
The drilling starts with firing and hiring.
Just an opinion, so don't take it personal that I had to disagree with your statement.
What this statement could be actually saying...On March 31, 2021, Beyond Commerce, Inc., a Nevada corporation (the “Company”), entered into a Stock Purchase Agreement (the “SPA”) with an existing institutional investor (the “Investor”)?
The above appears to be saying that one of their existing institutional investors (not new) invested more money in the company because they believe that this company has exceptional qualities or potential, in other words the company is a diamond in the rough lacking refinement, but that they need to hire people who knows how to refine and polish diamonds.
I am just trying to grammatically analyze the above statement fairly without hyping, as I stated I dislike hyping.
With the exception of dudesmakingmoney, I noticed that the board just stepped away from all the hype and is now in discussion, which is the way to get educated.
I gave an opinion as to why one should not worry about the statement of the 10,000 Series C Convertible Preferred Stock and I gave the reason for it, but I wrote that it will also depend on a positive earnings report. Truthfully, I really do not care about the 8K, numbers is what matters and being that they have a good product and good clients the possibility of a profit exist, which should move the stock back to one. It would be nice to post positive earnings with an indication of new clients and not just renewals, that would and should cause the price of the stock to go even higher, but a negative report will caused the stock to laggard. In the way I look at it, the recent struggling could have just been a smoke scream even thought the chart was bearish. I once wrote, what it appears to be does not necessarily means it is.
Their report would tell us about their management. I will say this that if you are presently making money with BYOC it would be a good practice to cash in just your initial investment and leave the profit and don't worry what happen afterwards, remember you did not have that profit in the beginning.
Again, it is an opinion and opinions should be weighed fairly, hype should be trashed.
Bad and good, bad because the outstanding share would increase if they convert, good because with this agreement the price of the stock will definite go back to one, and if they post positive earnings on the 15th, the price of the stock might even go higher.
The above is an opinion so no one should worry, but if they post negative earnings it will take a long while before going back to one, in other words your investment will be dead money until something resurrects it.
Starling, we both know that manipulation is what mostly causes a penny stock move upwards or downwards. Yes, I am here long term, I am not here to pump the stock, but if the stock is dropping I will give an opinion as to why and continue to mention it.
As for you satch, I been in the market a long time, I know pumpers I am sure you know what I am conveying.
I told you guys that the price of the stock would drop between .0022 and .0024 and today it dropped to .0024. The only reason the price of the stock did not drop when I made this statement was because momentum took place with the players moved and if it wasn't for them the price of the stock would have dropped to where I stated. This does not mean that it is a bad company, they do have a good product and good clients.
I cashed in my initial investment and increased my position in the .005 range hoping that momentum would happen again and it didn't. I will not purchase anymore shares unless the price of the stock drops within the .001 range and it will unless a good press release is issued.
Don't get caught up with the hype, just read carefully what starling post, satchel is okay as well. As for me, I invested in BYOC because of the 800service and the clients they have, but if I see something that taste bitter I will have no problem posting about it regardless of the bashing that follows, I do not take bashing personal.
Don't sell, I myself am a shareholder, it is a matter of times that you will enjoy the fruits of your investment. I tell people who invest in penny stocks to just invest with what they are willing to lose which will remove all their worries and if they make a profit to cash in their initial investment and leave the profits.
You should have waited, it will go lower expecially if they will wait until April 15 the release earnings.
Under no circumstances am I batching BYOC, I am a shareholder and just giving an opinion.
In an opinion, this board was all hyped and many shareholder got caught up in the hype and you can blame guys like AUhill, keepitrealistic, dudesmakingmoney, GM_FSJ and Trek95 who hyped the company based on their daydreams and thinking that hyping would increase the price of the stock.
In an opinion, it will not be a good sign if they extended earning.
Again, all the above is based on an opinion.
How much lower will it go you asked, in response... Maybe until shareholders are able to get shares for free?
Until they delete my account, I will write opinions without bashing the stock which I never did. Tell me how to remove an account and I will do it for you today because sending them an email does not work. Question, what happened to AUhill, he has not posted since the 23rd and keepitrealistic longer, meanwhile he post on other boards. Did they both moved on after hyping the company? Maybe AUhill is away, but keepitrealistic is hyping another company.