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maybe.. i mean this is for payment processing ... what does this has to do with drop in BTC price... not like people aren't gonna do payment transaction ...0.1-0.12 .. lets see if it does
i think feel given the MC assigned to $Sing based on their catalyst ..$SWRM would deserves more than this..
long way to go... BTC correction doesn't matter much here.. MC is tiny.. and it is for payment app in both digital coins and MJ..
260K in value... the market cap is still tiny hmm..
there arent that much of convertible notes based off their last filing. 260k?
Just need to see if Company would issue more or not :)
new to here.. anyone know why $Sing is trading at roughly 100M but $SWRM is trading at 3M?
thx
lets get some 2s here and see what this reinstatement does.. pure lotto.. if it goes down again i will just write it off :)
:) GL with your investment, hope it doesn't sink
well, if i can i would like to short it.. there is not much of a change to their balance sheet, so not sure what is to excited about .. but like i said i am not posting here because i short this stock and my broker doesn't let me .. if i short i will say i short
wow, a POS is gonna valued at 60 million? Maybe 110m when current AS max out?
feel sorry for the longs here... so much for all the pumping by company
So, another drop in volume..a pathetic 279,000 shares traded ..
not sure what some here are optimistic on ... it has pretty much dropped back to where it started from 3 cents when A/S 10MM was first questioned.
when there is no trust in the management, the share price belongs in the toilet
well, good luck and all the best here.
my point is Company has however many rooms to dilute the common holders with reverse split in order to pay off the toxic debt... once the common shares issuance reached to some level they will split again... never trust this company unless they use cash to payoff the convertibles which they wont be doing.
but it only had volume spikes for 2-3 days.. and dried up again so i don't know if lenders will exercise any now.. i mean they always have the upper hand ..if price goes down they will just get more shares to convert...
not necessarily since form 4 is pretty much used only by Insiders.. if you are retails or non-affiliates then you don't need to file it unless you own more than 5% which you will file 13g or 13D depends on your circumstances. But i agree this might from convertible notes matured/reorg'ed in 2016 as majorities of their debts are with YP hodlings..
And look at their O/S from Jan 2017 to May 2017.. it increased from 2 billions to 15.3 billions... with A/S unaffected by the reverse split..i wouldn't touch this kind of stocks at this price.. there are many other stocks to day trade on
i will share more with my findings on this company later tomorrow :). Whoever wish to thank me for buying lower they can thank me later because there might a deeper discount.
And if you happened to think the broker will have some first hand information on the s/s then maybe guess again because they likely posting only what was made public which is the 3m o/s :)
Anyway it is my guess so just ignore it at your wish :)
honestly, i don't really play TSXV penny stocks too but OTC penny stocks are the worst comes to dilution and toxic debt. At least most TSXV stocks are still trying to dilute with PP not convertible notes. And don't worry.. i don't short OTC stocks because my broker doesn't allow it. Just look at all these Greek shipper... they all the same.. cash all used to pay "management fee" but use dilution to fund the liability.
Welcome to ignore me, i am only here to post so new ones can see both side... not just one sided opinion ;)
I would love to stop posting my opinion about this stock if pumpers are not spreading some BS info on twitter ... and i still see the posting with stating A/S of 10M up on the sticky note.. makes me wonder how many people bought in because they listened to this..
let this board has opinion on both side i guess :)
0.0081USD0.00(0.00%)
Volume 780,592
lets see if my poster will panic some pumpers to buy this thing to paint it green again,
People still pumping on Twitter over some email with IR... will see how much common shares are issued to payoff accrued interest in the next late 20-F filing :)
So another day of with "o/s" almost flipped hand and price went no where... if some here claiming owning 500K+, 300K+, "half of the float" , 100K+...so the company's current O/S is pretty much owned by Ihub users here. so where are all the trading activities coming from? pure shorting if no one here actually sold their holdings? Just amazed, and see how this gonna end...
BTW, 13D is mandatory not voluntary, you will need to filing for holdings between 5-20% ...
On Friday, March 13, 2015, the SEC announced that it had settled a string of 21C administrative proceedings brought against eight officers, directors, and shareholders of public companies for their failure to report plans and actions leading up to planned going private transactions. The SEC press release can be found here. In doing so, the SEC sent another strong reminder to those that beneficially own more than 5% of the equity securities of a public company to keep their 13D disclosures current.
:)
Hmm.. no volume still? So when are ppl gonna buy this 3m O/S gem...
Hoped you had been trading OTC for quite some times... when Company do reverse split to reduce O/S does not play a benefit into current shareholders because that opens up more rooms to dillution especially for toxic debt. And I already shown in my previous post that Company had already been issuing common shares to some toxic lenders for convertible notes. You can't never guarantee they had not been issuing anymore since majority of the notes are still outstanding.
Anyway my post is for others to see that the A/S is not 10m as some pampers posted here and on twitter. O/S is likely not stayed at 3m (and doesn't seem trading like one). If you believe the company is only worth 30k based on 3m shares then just hold on to it. Honestly, just try to contact Bertos and you will see what I mean, this 13g means nothing.
lets do this way.. so it is more clear for you.. and ppl who still screaming tiny S/S
if you don't these 6-K filing but trust those twitter pumpers ... watch this break 0.005 next few days... There is no way company can payoff the debt with cash.. they had to reverse split and free up room in O/S to issue more shares for toxic debt... too typical
See here...
read the 6K filing on May 24... section 3.1- > FORTY FIVE BILLION (45,000,000,000) shares of common shares
section 5.8 under REVERSE SPLIT -> number of common and preferred shares authorized under section 3.1 is not affected by the reverse split.
So this is still sitting with 45 billion authorized shares.
If you got sucked in holding the bag then congrats.. don't suck in others to buy your bag...
I have email with T/A if you want me to post... they have no idea what the O/S is and will only tell you to go to Bertsos directly for it.
Nope... A/S is 45 Billion not 15 haha...
Pumpers just doesn't know when to give up... still trying to suck newbs to take their bags...5 millions of toxic debt with accrual interest, and yelling O/S at 3 millions.
watch this crack 0/8 - 1 cent...
Go and read the filing 20-F yourself man? The dilution of 2 billion shares were only for part of toxic debt in part a which is a relatively smaller amount. There are terms stating the rate and conversion price for all outstanding toxic debt and remaing balance is around 5 million. And Company can dilute without inform the market realtime not like someone here mentioned they have to file 8k or 13d. All they have to do is stating the summer next year in the next annual report. So what makes you think Company didn't issue more shares to lenders after the split? They will have trouble even paying interest for the toxic debt after doing cost of business and paying the so called management fee. Let's just not spread some 10 A/S and 3 O/S info around just just keep the hot potato game within the pampers here.
...you are not serious are you? if you bought it on Nov 7th...your filing will show Nov 7th when you file on a later date.. what does that has to do with number of O/S on Sep 29th...
the bold part is what the 7.5% is based on ...
7.50%
based on outstanding shares as reported on the issuer's 20-F filed with the SEC for the period ending December 31, 2016 and a 1:5,000 reverse split as of May 24, 2017.
and below is even worse...just showing part d of the most recent toxic debt in 20-F..
Unsecured Convertible Promissory Notes
d) On March 9, 2017, we entered into a securities purchase agreement with YP, pursuant to which, we agreed to issue a second 10.75% unsecured convertible promissory note for an aggregate principal amount up to $5,000,000 within the next 3 years. The terms of the agreement are similar to the ones described in (c), except from the calculation of the credit risk adjustment, where, the interest rate shall adjust upward by 98.45 basis points for each amount, if any, equal to $0.05, and not on any portion thereof that the volume weighted average price of the shares of Common Stock on any trading day during the duration of the notes is below $0.85 per share of Common Stock. The interest rate shall adjust downward by 98.45 basis points for each amount, if any, equal to $0.05, and not on any portion thereof that the volume weighted average price of the shares of Common Stock on any trading day during the duration of the notes is $1.15 per share of Common Stock. The maturity date of the unsecured convertible promissory note is March 9, 2027. From March 9, 2017 and until the date of this report the Company received an aggregate amount of $400,000 in relation to the unsecured convertible promissory note.
Mr.Bertsos has been issuing common shares to the lender and it doesn't need to shown in the volume until lender dumps it...
During the period from January 1, 2017 until the date of this annual report (referring filing date of May 1st..), the Company issued 2,640,046,960 shares of Common Stock to YP, for the partial conversion of the first unsecured convertible promissory note in (a). With the issuance of the Common Stock was converted an aggregate of $103,300 and $273,746 from the unsecured convertible promissory note and its interest liability, respectively. Considering also the aggregate amount of $400,000 received in relation to the unsecured convertible promissory note in (d) above, the outstanding principal of the notes payable as of the date of this report is $4,900,909.
This means company can still be issuing shares after reverse split but you will be made aware until the next form 20-F.. and you know they will never file on time. Unless company actually come back with email stating o/s remained at 3m I will not assume it has remained since.
Maybe you don't get what i am trying to say...
7.50% (229,535)
based on outstanding shares as reported on the issuer's 20-F filed with the SEC for the period ending December 31, 2016 and a 1:5,000 reverse split as of May 24, 2017. -> this simply means the O/S the 13G filed is based on the late 20F filing and SPLR on May 24... nothing special here...we don't know what the real-time o/s is since it is not made public until we see new filings.. and we have mr.Bertos doesn't respond to any emails.
and guess what we have for convertible notes based on the last 20F filing on May 1st...
Total indebtedness
Acacia International Ltd $ 300,000
Loan facility from the Company’s Chief Executive Officer, Chief Financial Officer and member of Board of Directors $ 300,000
Conquistador Shipping Corporation $ 1,010,000
Unsecured convertible promissory notes $ 4,900,909
and this:
We also will be issuing additional shares of Common Stock or other securities that are convertible into or exercisable for shares of Common Stock according to our unsecured convertible promissory notes. The issuance of all or a significant amount of the Common Stock described above will result in substantial dilution to existing shareholders. We cannot predict the effect that future sales of our Common Stock or other equity related securities would have on the market price of our Common Stock.
if you believe the O/S is and had remained as 3M it is your call...
Lets see if any individual filed any 13G in the next few days since some here claimed to have bought over 500K shares.. 1/6th of the O/S...
Previous O/S of 15 billion shares were reduced to 3 million. But A/S for both common and preferred shares remainder the same at 45 and 5 billion each? the post sticker that stated 10million A/S is misleading. That's why I tried to email the company for current O/S since even T/A doesn't know about it but so far no luck. And based on their last EOY financial there are convertible promissory notes still outstanding. So I really doubt the OS is still 3million bc the 13g was referring to os at right after the split only.
This is the first day of drop on volume...profit taking started already for shipping tickers ... and whoever deleted the below post and labeled reason as PERSONAL ATTACK .. good job and LMAO...
anyway, didn't get any response back on my email for O/S with Bertsos.
Shin_ Monday, 11/06/17 10:04:27 AM
Re: Pi_Sky2017 post# 2821
Post #
2843
of 3062 Go
Actually... it is 45 Billion shares AUTHORIZED.. not 15...
read the 6K filing on May 24... section 3.1- > FORTY FIVE BILLION (45,000,000,000) shares of common shares
section 5.8 under REVERSE SPLIT -> number of common and preferred shares authorized under section 3.1 is not affected by the reverse split.
So this is still sitting with 45 billion authorized shares.
I even email the company to check the O/S but seemed like they don't really care.
thats my mistake... if anyone can change that post... i meant to say 45 Billion A/S not O/S
i am not saying this will go down if O/S is only 3M .. but the so called DD showing A/S with 10M that is misleading to me. i don't think company has started diluting based on the past volume ..but just trade safe .. GLTA
Actually... it is 45 Billion shares AUTHORIZED.. not 15...
read the 6K filing on May 24... section 3.1- > FORTY FIVE BILLION (45,000,000,000) shares of common shares
section 5.8 under REVERSE SPLIT -> number of common and preferred shares authorized under section 3.1 is not affected by the reverse split.
So this is still sitting with 45 billion authorized shares.
I even email the company to check the O/S but seemed like they don't really care.