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Management’s preliminary projections for 2017 and 2018 for the 4 IoT companies that exist under the Innovo Technology, Inc. umbrella are estimated to be $3,050,000.00 and $14,100,000.00 respectively.
Holy Crap!!! Woooooowwwwwww!
14 mill in projected revenues?!?!?!?
FINANCIALS ARE OUT!!!!!!!
BOOM!!!!
Ken fulfilling another promise of transparency!
http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=165703
Little bit of volume here today.
I couldn't agree more. The chart set up and the company itself is similar to AXIM. Except that ETST has a more favorable share structure.
I think it can move like AXIM
ETST LONG!
And if he were to do that then people would be saying he needs to do it for 12 months? People will never be happy. Lol
People love to play armchair quarterback.
What are you talking about? Do you not read the PRs? this type of nonsense is not only misleading and confusing but, it's an outright lie.
Just a follow up from yesterday's post. Fidelity allowed me to place a trade today with no problem. Great news!
Compare etst vs AXIM
Similar companies in the cannabis industry.
AXIM 300mm A/S
30mm float
Etst 75mm a/s
4mm float
AXIM 28k in revenues
ETST over 600k in revenues!
AXIM sitting between 13 and 16 dollars a share.
ETST at .46-.54
Again, if you wish to buy and your broker won't complete the trade I recommend calling your broker and asking to speak with the compliance officer, They were able to fix the mistake... and they mentioned the mistake was on their end. Not the company's.
Got a message Sunday night from someone on twitter about this company claiming the acquisition by Tesla.
So, I Called Tesla and spoke to someone in IR. They said they'd never heard of the company.
Also, 185,000 float? It traded 1.9 million today and ended up down 50%.
So I spent a little over and hour on the phone with fidelity because I wasn't able to buy with one account and was able to buy with another. The compliance officer said it was because of the DTCC but that it was lifted. He said that it had been lifted a while ago but that the TA didn't update the brokers... or something along those lines. So the compliance officer said it should work now. But I have no way to test it Til tomorrow. Due to the market being closed.
They said everyone should be able to buy through fidelity now that the DTCC is lifted. I asked if others would have to call in. They said they shouldn't but, that if they do that a quick phone call should fix it. They said it normally doesn't take this long but the compliance office was very busy today for some reason. They were very helpful and polite.
If you want to buy but are unable to due to this issue then I recommend calling your broker and if they give you any issues ask to speak to the compliance officer.
Think of this, all this momentum we have had and now we have more brokerages able to buy... which means more people buying potentially.
Huge!
?https://www.otciq.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=23560
$sdvi announces NO dilution to acquire the 5 IOT companies and NO REVERSE SPLIT!!!! Huge news! ?
Graffiti Entertainment Inc. Acquires Tapply Gaming and App Assets from Inqubus Inc. Sheridan, WY, January 19th, 2017 /OTC Markets Press – Signature Devices, Inc. (OTC: SDVI) www.signaturedevices.com today announced that it subsidiary Graffiti Entertainment, Inc., has acquired the rights to 89 games and apps from Inqubus, Inc., www.inqubusinc.com. “As part of our business plan and in order to build shareholder value, we are continually looking for partnerships with mobile gaming publishers to enhance offerings to consumers." said Charles Townsend, Signature Devices Director and CEO. "This partnership strategy allows Graffiti to grow the company at a much faster rate than trying to do it organically. The transfer of the mobile app assets will give Graffiti greater strength within certain gaming verticals and apps that are complementary in using mobile phones to communicate with friends via social media.” One of the featured apps includes a selfie enhancement app that allows users the ability add filters to their pictures. As part of its ongoing strategy, Graffiti will implement a premium ad monetization strategy for its portfolio of apps. The strategy will include connecting big brands via in-app advertising and in- app purchases. Graffiti will also provide key geographic data on its users to better serve relevant ads to them at the right time. Graffiti has developed and is about to launch its own advertising system that enables developers and advertisers to serve mobile ads, Internet ads and other gaming platform ads. The app monetization market is projected to be $101 Billion by 2020 according market researcher App Annie. Additional transactions in the space include the acquisition of Native X by Mobvista for $24 Million, Opera Media Works for $600 million and Smaato for $148 Million. The mobile advertising market is projected to be $166 billion by 2018. Graffiti is well positioned with this acquisition and its ongoing strategy to take advantage of the market conditions. The estimated valuation of $10,000.00 per application is defined by the average development costs of such applications and will be added to the assets of Signature Devices, Inc.
So, now we know that the merger will be done by the end of the month. AND that financials will be updated and we will be otc Pink CURRENT by or BEFORE the end of the month.... so it could happen any time between now and then. That's GREAT news.
Ken just tweeted from the company's account.
"Working on financials for last 2 years and will file them on OTC Markets to bring the company to Pink Sheet Current on or before 1/31/17"
Hey, TI, What are your thoughts on the P/E ratios that I posted the other day for the Internet of things sector?
Lots of people really having a chance to digest these mergers and this news over the long weekend.
AXI M. A similar company, with a larger share structure and less revenues is trading at 17.00 now.
Keep that in mind for the potential here.
Sorry, no one can predict the time of something like that.
It's means theirs a DTC chill on issuing new stock..... means no converting or diluting. Just a confirmation of what Ken has already stated..... and if no new shares have been issued then no shares will be issued for the merger.
According to yahoo business the average Price/earnings ratio for the tech sector is 26.7
https://www.google.com/amp/www.fool.com/amp/investing/general/2015/03/12/the-most-expensive-stock-behind-the-internet-of-th.aspx?client=safari
The average P/E ratio of stocks in the tech industry is just under 16, which is considerably lower than CalAmp's 52. But here's how CalAmp's P/E ratio compares to a handful of companies that are making Internet of Things technologies as well:
Company
P/E Ratio
CalAmp
52.22
Freescale Semiconductor
48.39
NXP Semiconductors
45.14
Ambarella
43.18
SOURCE: YAHOO FINANCE.
So, to get a 26mm market cap based off the above numbers you would only need $500k-$750k......
100% agree. Locking the float up with GTC sells over .01 will force MMs/brokers to have less shares to borrow to short with. Would make shares harder to come by and when forced to cover will help push a short squeeze :)
But, that being said, I know of several people who have 100s of millions of shares.... I know of 3-4 that have over 500mill by themselves.
My "best guess" is that there is less than 1 billion free trading that aren't locked up. Probably closer to 500mill than 1 bill.
You're not going to get an accurate number asking that here.... or likely anywhere.
I don't understand what you're asking... the share count was posted earlier.
Facts about ETST:
75million authorized shares.
4mill float
Company is currently profitable and had over 600K in revenue last year.
Company recently signed an IR agreement with Redchip.
The president of the company, Nickolas Saloman Tabraue, just did his first interview for Redchip's Small Cap television show that reaches LITERALLY hundreds of millions of Homes every week.
The company has plans to uplist to a higher exchange in the near future.
The company has a patent for their CBD blend and has developed 2 drugs under this patent.
The company manufactures their product in a cMGP facility... no other cannabis small cap can claim that.
The company is located in the very hot cannabis market.
Similar companies such as AXIM that have a higher share count (300mill authorized) and lower revenues (28,000) are trading at 8.00-10.00 a share.
I believe that ETST is WAAAAAY undervalued.
Get in now before the price starts to rise.
Oh absolutely, you don't spend 4,000 dollars, announce a merger of 4 (well, kinda 5) businesses and state you're going to update financials (including your App development company that could be worth MILLIONS) if you didn't have a plan and didn't have VERY substantial developments coming down the pipeline. And then announcing no changes to the share structure and Ungagging the TA.
The transparency is.... refreshing.
CEO didn't pay 4,000 dollars for PR's. You can release PR's through other means way way cheaper.
The CEO paid 3,000 dollars for 6months for the OTC market listing service plus the 1,000 dollar reinstatement/late fee. OTC market group account allows you to be listed and active as well as release PR's. Otherwise it will put that stop sign if you don't pay their ransom. For Ken to update the financials with the OTC market group he had to pay the 3,000 dollar ransom.... er... fee.
It just so happens that this allows you to release PRs through their service.
Oh, apologies then, I misread your post. Sorry flacrusher. :)
Lol, I just posted the image to twitter for those who wanna see it.
For those who have said that the company or someone is Diluting you have been calling Kenneth a Liar....
I expect an apology written to him In Haiku form. And you have to include the word graffiti in the Haiku.
Hello:
Here are the current numbers for the Company:
Authorized 7,000,000,000
outstanding 2,668,024,472
and the free float 2,636,988,973
restricted 31,035,499
No transactions have been done for the Company since last year.
Sincerely,
Olessia Kritskaia
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
15500 Roosevelt Boulevard, Suite 301
Clearwater, Florida 33760
Office phone: 727-289-0010 ext. 243
Fax: 727-289-0069
Email: mailto:olessia@islandstocktransfer.com
web: http://www.islandstocktransfer.com
More Information from the TA.
I can't figure out how to post a picture from my Phone on here so, I will copy and paste the Email. I will likely email or screenshot and email the message to someone who has a computer in front of them so they can post the actual screen shot.
But, here are the updated numbers. I'd had them written down already but, the delay was I wanted it have the numbers in an email form that I could screen shot straight from the TA instead of just you guys taking my word for it.
Hello:
Here are the current numbers for the Company:
Authorized 7,000,000,000
outstanding 2,668,024,472
and the free float 2,636,988,973
restricted 31,035,499
No transactions have been done for the Company since last year.
Sincerely,
Olessia Kritskaia
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
15500 Roosevelt Boulevard, Suite 301
Clearwater, Florida 33760
Office phone: 727-289-0010 ext. 243
Fax: 727-289-0069
Email: mailto:olessia@islandstocktransfer.com
web: http://www.islandstocktransfer.com
Call the TA. I did.
Ken publicly stated no change to the share structure. Which means no notes can convert. Which means no dilution for 90 days.
You don't publicly state that and then convert or you will end up in trouble.
Call the TA, ask them if there has been any change to the share structure in the past week. I called and they confirmed that there had been no change to the share structure since Ken announced that and that they were aware of the 90 day period that Ken announced. I'm not sure if Ken called them (I assume he did) or if they learned from a shareholder/public means.
Again, the TA assured me that no change to the share structure has happened in the last few weeks.
It's island Stock transfer. Call them. Or email them.
Oooooh, 12 minutes left and so far on your predictions you're 0-11 on this stock. The suspense is killing me, I hope it'll last.
I'm guessing you're going to be wrong on this prediction as well? What's your over/under?
The ungagged TA is how you can confirm whether or not dilution has happened. And per my call 15 minutes ago, there IS NO CHANGE TO THE SHARE STRUCTURE. This is just consolidation. :)
I'm looking forward to the financials being updated and including Graffitti's financials!
I just got off the phone with the TA. The TA said there has been no change to the share structure in the last week.
The company's CEO publicly stated no change to the share structure.... so no conversions are happening for dilution to happen. Publicly Stating this and allowing dilution to happen would be more trouble than Ken would want.
have you got a screen shot of level 2 where one of the diluting market makers/clearing houses have been on the Ask? Because I haven't seen and of these market makers around.
C) can you otherwise offer some type of reasonable proof that dilution is happening other than the PPS is consolidating?
Otherwise, it's your "opinion" and it's been stated and backed up by the company AND BY AN UNGAGGED transfer agent that there is no dilution happening.