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No truer words ever spoken…
The S 1 was reporting a private placement… A.k.a. PIPE. A group of private investors purchased the 4,000,000+ shares. Private Investment in public equity. That’s what PIPE stands for.
The S1 was reporting a private placement of 4 million + shares.
Only if it has Malaysian Palm oil…
Happy new year to you too
LOL… It’s all I have left
Awesome… you’ll know who I am because I sing on only one note.
I am personally here for the Girl Scout cookies…
Thank you… Let’s see what happens
Maybe I’ll give Dwyer another chance… It’s been over a decade. Maybe he’s found Jesus in the interim… LOL
That’s exactly right! If you’re not making money on scams in the OTC and you’re not making money…
Isn’t Matt Dwyer a swindler? Don’t I recognize that name from Baron capital? I think that was one of the first pennies I ever bought…
Insiders hold 11.3%…
Meh...
So they’ve traded over 1.3 billion shares the last three days alone… I’m guessing the outstanding shares have at least doubled since December 1.
Is the transfer agent and gagged?
What are the outstanding shares as of today?
Hmmmm....
“During October and November of 2020, we issued 104,369,580 shares of common stock for the conversion of $148,100 in convertible notes.”
It’ll be interesting to see what the new share structure looks like after this pump…
“Acquired” WARRANTS!
What “moot” point is that?
They “acquired“ 30 million warrants.
The warrants were issued to them for free.
Again, what’s your point?
And what’s your point about the word acquired?
The series of events “suggests” they dumped their shares into the pump.
Yeah… From the looks of it, they exercise them during this pump. They gave themselves a Christmas bonus.
The “free shares” are warrants. Warrants need to be exercised or not exercised before the expiration date. Based on everything that’s happened, they exercise their warrants and sold them into the market.
Based on everything I’ve seen, it looks obvious that they sold into the pump.
It seems very obvious now that the owners gave themselves a Christmas bonus of 10 million warrants each. They orchestrated the pump so they could dump their 40 million shares that they bought at .004 and sold at over two cents.
The form 4s? They say nothing like that.
13.2 million T trade after hours… These were likely the warrants that had been exercised… At least a portion of them anyway. The remainder were sold during the course of the day. Looks like a pump so the owners could dump…
How do you know this?
BAWHAHAHA
It would be one thing if the owners bought 10 million each on the open market… They did not! They received 10 million free warrants each. Not quite the same as buying on the open market… They can buy those warrants at .004 And immediately dilute.
They haven’t purchased any shares. The warrant is the right to purchase shares at a given strike price. Like I said, it’s their Christmas bonus if they choose to exercise it now. And it’s dilutive to the shareholders
The warrants cost them nothing… They can purchase 30 million shares at a cost of .004 and immediately sell them at the market price if they want to
The Form 4s were Christmas bonus… And dilutive to the shareholders. If the shareholders don’t have a problem with that, so be it
How does exercising warrants equal funding of the company? Funding their Personal bank account… That’s all that’s getting funded by the warrants.
Don’t they get a salary?
They got them for free as a warrant
They gave themselves end of year bonuses… Just more dilution… That’s all
That’s fine… What’s so good about it?