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All these 10K offers are place markers. There is nothing behind them.
0018 has 100K plus 2x 10K markers
then 0024 then ...etc another 100% intraday move, folks.
$EEDG ----- > GET SOME
It takes 1MM shares to make EEDG move 20%. Don't be afraid to hit offers, this one moves on air. $EEDG. OK to hold over the weekend, IMHO.
There is nothing on offer til 0029 just like this morning. Looks like all the mid 2 buyers turned their papers in. A little push, EEDG will go again and close green for Friday ahead of news coming SOON.
joining you. $EEDG.Low floater magic ahead of news.
Hey MOMO, BB here. Did you ping Georgie and our other mutual network to join or should I do that?
Hey, Garyst, BB here. Good to see you and the rest of the gang on $BETS!!!
BREAKING NEWS ON $FWDG:
Talari added 50,000 shares today. 5 increments of 10K shares.
LOLOL.
We agree. Those are the "customary" adjustments. That is a discussion for another day.
Thanks for your comments, J Langston!
sup, UTZz. We're just passing out party hats and drinks now to the early birds. $BETS is going BIGLY.
Let me check the board roster and see who hasn't arrived yet to the party.
Cheers!
:D
IF not filed, no good. Better to assess happenings on BETS with what's filed. As for the rest, I will reserve my comments to verify.
All good here.
I'm not criticizing. I like to keep things real, and not saying that you're not being real. Sometimes, DD tends to have more ambition than reality and I see that a lot. But, you know what? All of my favorite peeps are here on BETS, it's going to be party time SOON here.
Bank on it.
You got this wrong. I will explain when I have more time.
IF the company and Iliad entered an agreement for fixed monthly conversion $$, that needs to be disclosed. Until then, it's pure bullshit, don't care who talked to management. I will tell you why a $37K~ fixed conversion makes no sense whatsoever. Let's say for a minute that $BETS was trading at 0,0001 today and the terms were a 40% discount to market. A $37K note conversion would give Iliad majority ownership of the company. Does that make any sense to you?
4,99% threshold and 9,99% threshold are in place for a reason, one part to report beneficial ownership and secondly to keep track of controlling entities.
Iliad is not limited to a set monthly conversion $$, but bound to the 9,99% ownership threshold hence they can convert and sell more as the O/S increases. To keep in compliance with this threshold, Iliad would take the cert and sell within 4 days, you see, and treat it as a not held order. This is why you see BKRT show up periodically but not all the time. As long as they unload within the time that they'd have to claim ownership, it's ok, and it's better this way as well.
WHC would treat it in a similar way. They'd flip the papers over to an MM--they don't sit behind their little trading account and stress out. :D
All good. I'm watching and will spend some time on the board.
Sup, RnR. I like good plays with good potential, just not a fan of b.s. but you already knew that. We're gonna take $BETS to the top.
We've got PP's crew here, NFD crew is in the house and a few others. We're just watching L2 and waiting to leave peeps in the dust at the right time.
Any friend of CT is a friend of mine, RnR.
Thanks for the shout out!
LET'S GO $BETS!
BKRT will make an appearance from time to time. I'm convinced this is Iliad. LG does not use BKRT and neither does WHC as MMs. $BETS will rally.
Did you see the mark-out at 00161 A.H.? That is BKRT's for the day. It is not being aggressive, just annoying but it will move on.
$BETS, good session overall.
sup, Castation! Long time. Hope all is well!
I was just being facetious.
That is not what it means. In practice, this is a draw down agreement wherein $BETS can send in a draw down notice (call), maximum $200K per draw down. Against the drawdown of $200K max per call, the company is required to reserve (but not issue) shares needed for the agreement, and for the agreement it is 200MM or par. Hence, the maximum # of shares required for this particular financing is 200MM shares at 2.5c.
Hence the word "reserve" is to be understood as "register" with the SEC, otherwise Summit would be subject to Rule 144.
Hope this makes sense.
The terms of Summit Agreement is a bit ambiguous so I need to re-read it when I have a bit more time. Will share later.
Haven't seen CC around in awhile. I tried to hit him up on Twitter about $BETS today but couldn't find him. I will review the board's DD and comment later. $BETS has a lot of potential as a company, IMHO but it is nonetheless slightly over leveraged so I'd like to hear from management what plans they have for elimination of the rest of non-convertible debt.
Is ebbu buying something for $200 million from $FWDG?
There is no reserve requirement for 200MM shares. The reserve you're referring to is actually for $200K. Please check.
Most lenders require a reserve and/or an increase in A/S to accommodate future conversion. In $BETS case, it has adequate A/S so a reserve per se is not needed. This is not a SEC policy, it's lender policy and very common in this tier, especially when variable/derivative financing is in place with descending share price.
Looks like BKRT doesn't have too much left to sell today--thinking they will sell about 19-20 million per appearance and split. All the retail 1-2 tick flippers got flushed out--LOL.
Things on $BETS are fine. I DD'd this along with Chrion early January.
added 0016 with ya. Too much talking on the board and not enough slapping, PP! $BETS.
Ummm, lender reserve requirement marked to par is pretty standard. I will side with the poster who seems to have a more conservative handle on $BETS O/S. 600MM is good estimate and also a very good O/S for a OTC stock, especially with revenues.
$BETS
This is the funniest post I've read in a long time. You are way off in your calculation. MM BKRT is in the box today--this could actually be Iliad converting another tranche because the new O/S allows them to hold more stock and still stay within the 9,99% threshold.
We don't know the disposition of WHC's note but knowing the lender, they will convert.
Then, we don't know how the company will handle trade payables, do we? So, it is complete nonsense to sit here and scream that dilution is over.
I like $BETS but the misinformation is getting a bit ridiculous and laughable.
Dilution is not when shares are sold in the open market. Dilution occurs when shares are issued and outstanding whether in p-cert or e-cert form. Doesn't matter what the purpose of share issuance is, if issued it constitute an increase in O/S hence is dilution.
Nonsense, nonsense.
Take a look at L2. Are these 0017 loading walls or are these seller really stupid?
Give it a few,PP. There is a group trying to blow out at 0018. Let them hit bids at 0017 then we blow them out.
sup, bhonda. BB here. Long time.
GO $BETS!
40 million volume cross is all we needed to see here today on $BETS. Hold for news.
Other than Iliad, this last conversion should make $BETS nearly DEBT FREE.
DEBT FREE news = 500% from here.
Good luck my friend!
took out the 0017s, Pete. Welcome.
$BETS is now ready to go.
What makes you think they are waiting? LOL.
Dude, rules have changed since 2008 for small filers. Do more homework and come back.
But my buddy RocknRoll is here so I am going to load $BETS around where VNDM is on bid. :D
Sup, bro.
The point is that they had one official S-1 declared effective and that is the initial registration. Others were filed but withdrawn or pigged back to the original filing.
LG is not out. They sent in their conversion notice on 3/11. Since they convert at 50% discount to market 20 days look back, they got a 0,0006 conversion. FACT. Even if shares were DWAC'd into their account, they won't be done selling until sometime this or next week.
Don't need to read your DD.
They all tie into the initial registration. Read all the S-1 then come back.