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The TA is not a news service, nor is it a government agency. The company is not going to PR share structure changes, so that's not a possibility. The only remaining equitable solution is to update share structure in SEC filings so everyone has access to it at the same time. I don't consider someone calling the TA, being the first to find out, and THEN posting about it on a message board to inform everyone else about it "widely available information" (which is I think the standard the SEC is looking for when disseminating material non-public information). I have suggested before on a message board about another stock that I do find it hard to believe it is not required that share count be AUTOMATICALLY updated as it happens. This is the digital age and it is totally possible. Set up a data link from the TA to public websites like sec.gov and even otcmarkets.com's OMVS page where the "shares outstanding" data field is instantly updated the exact moment it increases. It's totally possible, but it just has to be legislated. Good luck with that.
ATHM closed up a buck today at 67.05 and still holding just my single starter call. Maybe add tomorrow if strength continues. China indicex futures seem mixed at the moment.
JD rallied hard today. Took a 50c loss on the $2 I paid for puts a couple of days ago. Funny thing is, still holding my Sep 15 45 calls from a month ago. I may just break even on them. Good grief, what a ride. They were nearly worthless yesterday, closed at 60c today. I need 46.5 in the stock to get my 1.50 back from them. Was also busy bottomfishing IRBT, but I think 80 is a possibility before it turns up again.
Cheds, you're a trader, right? All that stuff is outside our control.
You've got to control the controllables: where you buy, where you sell, how much you risk.
Wait, am I missing something here? Is it against regulations to make private placements or take on convertible debt? Is it against regulations to "gag the TA?"
Nobody is born knowing money management. It has to be learned. You have to risk what you can afford to lose. It doesn't hurt to use loss limits, although I myself don't always adhere to them as religiously as I should. My guess is most of the retail positions taken in this stock could have been liquidated fairly easily at acceptable loss limits. That's the real problem people run into with pinkies, in my opinion. If you get in late, you have to get out early. You can always try again at a lower price. Those who buy at higher prices have a different investment than those who buy at lower prices. Them's the facts.
It looks like there is a "panic now, verify later" mentality going on here because of the lack of information since the merger. We will know more with either the next PR or the next SEC filing. Until then, anything is speculation either way. Having said that, the only thing that should matter to any individual is their own position in this stock. Buy at your own desired price, sell at your own desired price, risk what you can responsibly risk.
I think they are going to do brisk business with companies going forward.
This piece of shit is not going to be doing any brisk business with any company
LOL, love that movie. I hope we're both right. I added yesterday and today.
Well, I'll just take that as your opinion. And you forgot to mention that it is a scam.
One thing is certain: people will always call it the greatest stock when it's going up and a piece of crap when it is going down. It's the same stock.
If they allow anyone to call the TA and find out the share structure, couldn't it cause a situation where an individual could find out before everyone else that a potentially substantial change in shares has occurred? And then they could act on that information before anyone else. Currently, everyone finds out any share count updates at the same time through the SEC filings as they are made available.
Yes, OMVS trades on the pink sheets. You are leaving out the part about them being an SEC filer. That comes with a whole host of regulations that they must adhere to:
http://www.legalandcompliance.com/securities-resources/sec-requirements-for-public-companies/
Yes, mr sam. Minimize, minimize, minimize.
This is an SEC reporting company, so the public is informed when it appears in the filings. I don't consider that "hiding"
Wasn't that from 2016? Maybe Allied dropped them. Even if they didn't, I can go to Wal-Mart and look at TVs from Sony, Samsung, LG, Vizio, Panasonic, Sharp, Philips (I'll just stop there). Seems like everyone is making TVs and they are all still in business.
OK, so are you saying they lost Steve or Mr. Sekander? You're car's airbag has a warning label, and the airbag can kill you. But you still drive, don't you? Can you assign a specific likelihood (IE 0-100%) that Steve or Mr. Sekander will depart the company? That way we can see how accurate your risk assessment is as time passes.
The filings are a very important part of the investment process, no doubt.
So is the product:
https://www.wesecurerobotics.com/security/
That website has great video footage of the S5 in use:
https://www.wesecurerobotics.com/security/
Wow, Fouts, good find. Here's the business owner's bio:
Jim Larson, Owner
Jim has 25 years of dynamic experience in technical sales, account and personnel
management, strategic/tactical business development, operations and customer
satisfaction.
Jim studied Biology at the University of Notre Dame. He subsequently earned a
Masters degree in Business from New York Institute of Technology. Jim’s career
began with his service in the US Navy as a Naval Aviator completing two WESTPAC
cruises piloting the F-14 Tomcat, Desert Storm in 1991 and Southern Watch in 1993.
Prior to his transition to the civilian world, Jim served his final active duty tour as
the digital satellite deployment and communications officer at Pacific Fleet
headquarters in Hawaii. In this role, Jim developed, coordinated and managed
digital strategic and tactical communication platforms.
Jim continued with the Navy Reserves, initially working closely with Naval Special
Warfare Group in Coronado CA. Before his next assignment, Jim received a Defense
Acquisition degree and joined his new unit developing advanced digital weapons
delivery and Unmanned Airborne Vehicle (UAV) systems. He completed his service
as a primary developer of the Digital Close Air Support (DCAS) program for the
Naval Strike and Air Warfare Center.
As Owner of weSECURE Robotics, Jim brings his expertise with digital systems
integration, intelligence gathering software platforms and operational employment.
He is responsible for Finance, Manufacturing, Sales and Operations. He has been
active in driving the company’s business model with clear goals, structured
processes and strong leadership.
FYI, most recent quarter ended 8/31/2017. OMVS is an SEC reporting company, so the next 10Q is due 40 days from the end of the quarter, or 10/10/2017. They can extend the filing date by 5 days by filing an NT 10Q.
I'm assuming the 8K does not preclude filing of the 10Q for the period ending 8/31/2017. So I'm expecting the next SEC quarterly filing to be anywhere from 10/10 to 10/15, although sometimes they are a bit late like with the closing of the RAD acquisition :P
PS: I'm not sure, but if they are a non-accelerated filer then add 5 more days to the above deadlines (IE: 10/15 to 10/20)
PPS: So it looks like they are a non-accelerated filer. 45 days from 8/31 is 10/15, but it's a Sunday. Due date is 10/16. Then, 5 extra days, if needed, brings it to 10/23.
So, we should see the 10Q by 10/16 to 10/23.
Seller at 66. Still long a starter position here, 1 call, OCT 65, will add on small dips and/or breakout. Seems to be support at 64.5-65 at the moment, any lower and risk could be down to 62.
Yeah, sure, could be a scam. Or, they could be selling security robots.
We're testing the low from 1 week ago. Two ways to play it here, people. You either fade it or trade it. 0.086 is the number. You're either a buyer as it approaches, or a seller if it breaks it.
Yeah, it's either that or they want to get their product to market. This is not Spongetech, milc. They have a real, working product shown in the Verizon video. Sorry, but I don't think it's likely that Verizon is complicit in showcasing a sham product.
You mean the RADBot has wheels like this silly $5000 robot lawn mower? From that ridiculous $46 billion company Husqvarna?
https://lawnsalegiant.com/products/husqvarna-automower-430x-robotic-lawn-mower
Well said, Adam. People need to realize all they've done is push a button to own a small portion of a company. You have zero say in the day to day operations and you can't always know why certain things happen (or don't happen) on your expected schedule. The only power you have as a stockholder is where you buy, where you sell, and how much you risk. That's it.
to work out remaining details of a settlement between them
Those companies don't, and don't have to, take any early risks, so a buyout by Verizon was never an issue. They will wait for the sure bet, just like fund managers. There are always doubters. Maybe that's why Steve took the route that he did. There are also plenty of failed investments by large companies, so nobody really knows what will work out until it works out. The only sure thing is: if you don't look for opportunity you will never find it.
Definitely. For all the mistakes that humans make, somehow I feel more comfortable with us having the final call than to give that power to a robot.
Wow, I didn't know South Korea has those. Kind of a scary thought, the autonomous sentry gun. Does it have a "innocent child refugee detector" to avoid mistakes, or does it just kill anything that moves? Anyway, reminds me of Half-Life's sentry guns or Bioshock's turrets.
Most new cars are sold for roughly $20,000. These robot reservations appear to fetch $100k a pop. Imagine the profit margins on these things once the production process is streamlined.
Tight stop at 65.75 on this long position, though, because market might not be conducive to momentum right now.
Also holding puts on JD, looking for the channel play down to 40 area.
I'm in ATHM again. She got plenty of rest. We'll see how far she goes again.
I don't know what the future holds for this stock, but just know that it is more of a gamble than it ever was before. Don't bet more than you could afford to lose, if you even choose to put any money in it at all.
Honestly, that's all a bit over my head. I know a few things here or there and I can find my way around financial reports a bit, but mostly I am but a lowly trader. I do appreciate the experience that you and others bring to the forum. This is the first stock I've owned that was suspended and relegated to the greys.
They've given a stock dividend in the past. My guess is they will do that stuff after existing shareholders get shares in the new shell.
Hopefully it means my broker won't force me to enter orders over the phone. There are other grey market stocks where I can enter orders electronically, but not PGPM ever since it came off suspension.
100,000 shares short? That's 1 tenth of 1 percent of the outstanding shares. Come on. Is that really something to worry about? I don't think so.
xZx: do you enjoy it when a bear raid cuts your stock by nearly 50%?
What is a 'Bear Raid'
A bear raid is the illegal practice of ganging up to push a stock's price lower through concerted short selling and spreading adverse rumors about the targeted company. A bear raid is sometimes resorted to by unscrupulous short sellers who want to make a quick buck from their short positions. A bear-raid target is generally a company that is going through a challenging period, since its vulnerable position makes it easy fodder for short sellers. While short selling per se is perfectly legal, coordinated short selling is viewed as market manipulation by the Securities and Exchange Commission (SEC), while spreading false rumors is tantamount to fraudulent activity.
Read more: Bear Raid http://www.investopedia.com/terms/b/bearraid.asp#ixzz4rkyeN2sm
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I think an important part of their ability to avoid more toxic debt will be their cost to get robots out the door, in conjunction with the amount up front that they can collect from the customer. If they are getting $100k total for the bot I think a 20% down payment that defrays enough of the production cost is realistic (people put 20% down to buy a house). Then obviously the need for more capital is diminished. Further, the monthly(?) lease payments will kick in which will also help pay the bills. We'll see how it goes.