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Lolol it's now 10/20 huh
Surprisingly they made more money on less revenue for this q compared to the same period prior year. Their profit from operations are about $1.7 million more. That's nice to see.
Thanks iRobot
iRobot how do you know it's going to close on the 13th?
Which means we'll either get the 10 or nt on friday or Monday since the 15th is on Saturday.
Yes they have. Just filed that.
You beat me to it lol.
Thanks for reply, just unsure what all the document means.
Form 8-A12B
https://sec.report/Document/0001493152-22-027706/
Anyone tell me what this means?
What do you mean?
A new s1 a is out dated 9/1.
I hope not otherwise it's trash. Another poster did theorize that they'll max it out and the sp will increase organically.
But we'll see if they do or not.
Agree, it doesn't matter at this point whether they drop this the 15th or not.
The new 8-k brings such great news that I don't think the 10k will do anything to the sp.
What a crap stock.
August 29 is the due date for 10-k for FYE 5/31.
August 15 is the due date for 10-q for QTR ending 6/30.
What we're looking for is the 10-k not the 10-q
It is not due August 15. The 10-k is due August 29 for non-accelerated filer.
Stop it with the wrong date.
https://sec.report/Document/0001493152-22-020912/
1 for 275?
Is it getting close or what?
Are you sure they're not non-accelerated filer given that their public float is low?
90 days from year end, so end of August or sooner.
Saw that. Was a pos. Wtf are they doing.
Looks like a new s1 amendment has been filed.
https://sec.report/Document/0001493152-22-018886/
At this point I can say that it's the same talking point different day. All the posts haven't really change at all.
Well that's new.
The transfer agent is now verified.
At a minimum a 10-k nt should've been filed.
If the FYE is 12/31, it was due yesterday. So they're late.
It sure is
Good question
There is a different between verbal and actual signed agreement. A company can says whatever they want but until an agreement is signed nothing is for sure.
In this case, there must have been significant progress or potential for the government to sign this agreement.
I was wondering the same thing....market not waking up yet?
Why? Why aren't they supposed to make that deal? Do you know something?
Why is this a terrible deal? What is it about this that would make this a terrible deal? A nice answer would include comparison with a good similar loan to strengthen your case.
So would you rather have a straight convertible note or a note that allows a company to payoff it off without significantly diluting the shares? Just wondering
Second how do you know they can't make payments? Maybe there is a plan for them to generate revenue and we don't know it yet. Either way this is better than getting a note that automatically convert and diluting the shares. This allows the company to avoid any further dilution.
If they add 1 mil to the cash flow and the only thing to show for it is an additional 22 mil in shares. That ain't bad.
How do you know this isn't the best deal for them? They did pay $102k to the placement agent to try and get them the best deal available, so you think this deal isn't it?
The NOTE CANNOT, I repeat CANNOT be converted into shares until they are in default. As long as the company is making payments and pays off the note in a year, no conversion.
A warrant that has 5 year term for only 22 mil and lock-out agreement. Yes I hate that the lender got the warrant for cheap but it isn't bad.
I guess I need to read an example of a good otc loan to better educate myself.
With regards to the loan. Why don't you try and get a loan with no revenue and no assets only intangibles. See how many banks will lend you a mil. Your lending blue sky and with blue sky commands a rate appropriate to it.
A low rate requires a consistent repayment source and good tangible collateral. Even then you may not get it. Thus otc requires these types of loan and they primarily get it from these types of lender to fund their operations. No banks will touch this type of loan.
Low rate smdh.
Must be insiders shares due to the lock-out agreement?
I wonder if we'll see more unrestricted to restricted?
First come the uplist application to nasdaq then the rs.
I'm not sure if this note is that bad bad. I mean compared to the toxic notes such as U%QL,
22 mil shares for $1 mil for company that has no actual revenue, no assets beside intangibles.....
No question they got it for cheap, which is dumb of the company but 22 mil of common is 3.8% of the current as of 570 mil. I'm guessing they want to be under the 5% ownership.
I did and the lock-out agreement is a great thing as not all institutional investor play nice.
I akso think the $1 mil is going toward R&D, so I hope we get some nice news.
The 22 mil warrant isn't as bad as some other otc play out there but it's so cheap which bugs me.
Did Cubt just entered into a new note with an "institutional investor"? Noticed how the note didn't say "accredited" but institutional... completely different than the last offerings.
Negative:
- 12.5%
- warrant for 22 mil.
What are they doing with the money is what I want to ask considering they have 731k from the q3 21 financials? If they burn through the 731k in 5 months I hope they have a good reason for it.
I'm not sure if that rate is high or not given the fact that the company has no assets beside intangibles. And a warrant on top too? Hmm
Dude look up the due date for the 10k. It is due 3/31. So they are not late.