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haha "no pumpers here"
Twitter and discord can be powerful tools in OTC trading. Again, good luck to you. I won't be responding to your non-sense anymore.
They indicated they are just now reloading after their first pump started a few weeks ago. Seriously, this isnt rocket science mate.
If I wasn't 100% sure the mods/admins would delete it, I'd post the easily obtained proof. Clearly you arent aware of who i am referencing, or you are part of their group. Either way, good luck to you. I didn't come here to debate about this, its pretty definitive.
If that's what you choose to believe, more power to you. I've been in this long enough to know the groups and which POS's are associated with which. It doesnt take a lot of effort to see which one is running this at the moment.
This is the pump group shaking out weak hands to reload before they run the next leg. If you know which groups are running it and how they trade, you can make a killing off of them. Also, in regard to the group that is running it, id love nothing more than for you to zero them all out, they are the worst kind of scum in the OTC.
Most have already been patient for 2+ years. In that time, what exactly has the company done for investors? Every acq was made with toxic financing, which was almost immediately converted and dumped. When they had the funding to address the toxic debt and stop the constant dilution that caused the SP to collapse, what did they do about it? Nothing.
But the company said they were going to nasdaq, so theres no way that won't happen. This has to be the best OTC stock ever, amirite?
The name of the game for BYOC mgmt has been to strap their shareholders with ever increasing amounts of convertible debt, refuse to pay off debt when they have the funding, and watch as their shareholders equity decays to nothing. They dont care about OTC traders and have been (and will continue) to screw us over.
Now please tell me more about these supposed upcoming catalysts that you have no proof are occurring (or will occur) other than the empty words of a CEO that has a history of misleading investors.
Theres quite a few "What ifs" being thrown around about a company that has done next to nothing to aid shareholders. Perhaps all the feel good statements and empty promises are meaningless to traders that have been watching this exercise in futility? While I will concede some baby step progress is being made, management seem to be completely out of touch with what will attract the drastically needed support.
Theres this thing called multitasking that Geordan and Co seem to be incapable of performing. All the money that investors are shelling out to support this questionable CEOs pipe dream and the most basic things that would drive growth arent a priority.
The good news though, in a few quarters we may own another company or two that make next to no revenue and operate at a loss. The "cross selling" (that isnt happening with S800 and PathUX) will magically show record profits. All while that is so much more important that address the convertible debt that has collapsed share price, caused multiple A/S increases, and cannot even be fully converted with the current SS. And please, tell me so much more about the fabled share cancellation. You know, the one that they havent even begun the process on (because of muh priorities of course).
No one is selling, other than discover and their note conversions. Its going to be pretty difficult to move up when ~588M shares can be converted (at current SP not counting discount). But addressing the toxic debt isn't a priority, because, why would it be? It only caused this is go from 0.10+ to trips, but its not important.
Doesnt volumebot count note conversions as shorts? I dont believe that's an accurate representation of short volume.
Hopefully it happens. If it takes another 4-5 months for them to update shareholders, this is nothing more than a dead cat. Momentum is actually on BYOC's side for the first time in over a year, its time to fire off whatever you have been supposedly working on. I dont have faith that Geordan will do this, but its what needs to happen to sustain any upward move.
Looks like all the hype has dried up along with the volume. If the company goes silent for an extended period of time, as seems to be tradition at this point, this falls back into trips. Geordan better have something else up his sleeve to keep eyes here, or theres much more pain in the future for you "true longs".
The best news ever out for BYOC and the bounce is already running out of steam. Traders don't forget how companies operate, and it likely contributed to the volume drying up. Geordan needs to be visibly active and can't pull his usual 4 month disappearing act again.
They are likely using some of the funding to close Issues & Answers. I'd expect they look to address the remaining toxic debt on the books following that closing. This is actually good news IMO, and I am very surprised. If Geordan can start rattling things off in a timely fashion, we may see continuation. If he goes silent again for another 4+ months, well, we will be right back to trips.
Twitter pump is back in full force. Although it doesnt appear that anyone in the OTC wants to touch this. I wonder why that could be? If people believed the BS story being told, I'd expect there to be more volume. Perhaps the OTC sees through the byoc fanboy facade?
On the bright side, it will only take Geordan another 6+ months to get something accomplished, and another 6+ months after that for the PR to finally hit. At least it will give some the opportunity to blow the rest of their account averaging down on this turd.
But i forgot, we are going to the 'DAQ, right? There was one company in this industry that had success, so that means that BYOC must have a 10x multiple and be worth $20B, right? If you believe that....something about a bridge for sale...
Given the companies history of not delivering anything in a timely manner, what makes you so confident that big updates are "on the way"?
Over-promising and under-delivering management, combined with far, far too many bagholders that will only try to tell you how great of a company this is and that is going to nasdaq. The truth is the company is in a toxic debt spiral and done very little, if anything, to get things turned around.
Looking terrible here, as per usual.
Not if his bag that he wants to dump is on the ask.
What a game changer, oh my lord. Surely that will turn this sinking ship around. A few independent directors is all this company was missing!
You know, other than non-toxic funding, market interest, meaningful acquisitions that turn a profit, and a competent CEO.
Given the companies history, its much more likely they are diluting to raise capital. This is the exact same pattern that started prior to the most recent R/S. I may be wrong, so definitely do your own DD, I am just pointing out that this is pretty much par for the course with how this company was operated in the past. I wouldn't trust their IR either, I submitted a few SEC complaints outlining misleading/inaccurate information being provided as a result of their handling of the last R/S.
Before you jump to conclusions, no I am not holding anymore, and no I am not looking to reenter. I devoted a lot to this company in the past and have been keeping tabs on it since I took my huge L.
For what a "great buy" this is being made out to be, no one wants to touch this turd. When you make promises and cannot deliver on them in a timely manner, your words become meaningless. Geordan needs to go!
Can I come out of my self requested stay in Jail now?
Time is money, especially in the OTC. Theres a reason that Geordan and Co are out of both.
During the three months ended March 31, 2019 the Company issued 67,979,876 shares valued at $1,156,397 for the conversion of certain debt and accrued interest into shares of our stock .
People have been hoping and praying for a long, long time, you better get ready for more disappointment. Geordan has run this into the ground, used us as an ATM, done absolutely nothing to address the toxic debt spiral, has not secured any non-toxic funding, and can't even fund the acq he has made (see the clause on PathUX deal for more info, millions owed).
But at least he posted a tweet from NYC and never explained it, right? What a gamechanger that was! For someone who won't put out fluff PRs, they seem to have no problem pushing false optimism via twitter. The bottom line is Geordan has delivered nothing of value and has destroyed every shareholder in the process.
Its nice to see them still routing dilution through OTCX. The endless waterfall of shares continues into its 6th straight month.
Great news everyone, only 6 more months before Geordan puts out another meaningless 8k. That will surely get this to run this time. "It has to turn around eventually" - no, no it doesnt.
Something, something, we will win
And there will be for the next month and a half as we wait for the company to complete the quarterly. Anyone paying attention knows that they will not release anything until then.
I dont see this ending up any other way than a massive RS. They have done their best, whether through incompetence or ignorance, to wipe out loyal share holders via constant dilution (hate to break to you, but not all of those 144M shares were sold between 0.06 and 0.08 like some claim) and toxic debt. They have no sense of urgency in righting the ship here, as they take several months to accomplish basic tasks (SS change that was just 8k'd took a month and a half to complete). They post BS on twitter and then never deliver any details or meaningful explanation. They have done nothing to address the toxic debt spiral we are in, nor explain how they plan to fund further acqs, rather than continue to use shareholders as a piggybank.
"It has to turn around eventually, just be patient". No it doesnt have to turn around if the management doesn't know what they are doing. Shareholders have been beyond patient and have paid a massive price as a result. Geordan needs to do his job, which he clearly (IMO) is not capable of handling.
Stop sign up on OTCMarkets
Flippers reloaded and are going to run it back to 30 and dump out. This doesn't move without news and we know that incompetent idiot Geordan is never going to deliver meaningful news. He shouldnt even be a manager at a burger joint, let alone the CEO of a publicly traded company. Hopefully the SEC is up his a$$ with all the lies he has fed shareholders.
So what excuses are we going to go with this week when they utterly fail to deliver anything for shareholders?
I see there was another SS change. As is tradition for this terrible management, I am sure they will never even address it. Can't PR important information but we have the money to PR meaningless S800 awards...
Theres absolutely no reason for anyone to be slapping the ask right now. The only thing that will move this is the company delivering something meaningful. Given their track record of incompetence, I wouldn't be expecting anything other than more dilution and toxic debt conversions for an extended time period.
Theres always more excuses to be made for this management team. They have done nothing to bring any sort of value to shareholders. To the contrary, they have diluted this to death (while lying about it via email), added more toxic debt, done absolutely nothing to address the bloated SS, and bought a few companies offering outdated products and terrible fins. In several years, there may be some benefit to having a position here but there are YEARS away from ever being valuable. People can keep throwing money at this black hole all they want, thats their prerogative. They shouldnt get upset about other people discussing the major red flags with this company and absolutely terrible CEO and management team.
Also, they closed S800 in march, so this is the second quarter since shell status was removed. What have they done in that time? Nothing at all to benefit shareholders.
More excuses being made for an incompetent management team that has done everything in their power to screw over their shareholders. They mislead investors about dilution for several months before their own Q proved they were lying. They mislead investors about the fins of these acquisitions. They mislead investors about the availability of tradition funding when they continue to strap us with toxic convertible debt. They are still diluting (thanks OTCX) and have done nothing to address the Discover balance other than put out a pumpy tweet.
How about the money owed PathUX as the clause to the contract? We don't even know the final total paid because they have never discussed it. They modified the share structure through NVSOS a month ago, and have never addressed this either. Sure, things take a while in the business world, but to make statements/moves and never explain or address them with shareholders to frickin ridiculous.
Lastly, the only buying on the way down was people trying to average down thinking we hit bottom.
Everyone still here has been patient for two years. The terrible management team has rewarded them with non-stop dilution, more and more toxic debt, and nothing but massive amounts of red ink. Insanity is doing the same thing over and over and expecting different results. Why anyone would expect anything but more lies, deceit, and poor business decisions from Geordan and Co is, quite simply, amazing.
Keep your heads up everyone, its only another two years before you have a chance to see any meaningful ROI. Geordan needs to be shown the door.