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Damn clay got a woody on this ticker just cant leave it alone lol...., go bngo
I have now ...,yet another pretty damn impressive reality surrounding this company lol, reality is we're Frick'N surrounded nothing left to do but slap the ask on the dips and rips cause we are far from getting to where this going.
If one is a Studied&Competent trader, trade around a core position is the golden rule.
If one isn't studied and confident simply hold and go out and enjoy the summer.
I say this not because education is key we all know that but we also know while paper trading is recommend for nubes, nothing teaches an individual more thoroughly than the real world of profits and losses.
I say this because IMO our little otc world has been invaded by wall street on an unprecedented scale, so we are going to see bigger out of the ordinary shenanigans in movements across the entire otc exchange ..., so get ready traders exciting times ahead
Lets get after em...,GO VITX
Lol , I know of a very popular energy drink that's a billion dollar company...., and it gives you caffeine headaches and jitters for free and folks drank it up to billion dollar company..., I think we are more than fine here as the company gets its footing the Price shall come down in the mean time the SP shall rise .
Awesome D&D CJ..., thanks
That's a little something everyone should consider, I'm in.
Fair enough but there's a lot of moving parts with this little otc company spreading over two continents, I can get behind no excuses but for now I'm going to get with some consolidation and let things develop a little while longer .
Can anyone tell us how many quick labs have been built out
Let's DESTROY those lousy stinking rat shorts!!!!
Looks like that was a hell of a call...,go JZZI
Oh I see so if its not an event no need for testing lol, there will be more people through Disneyland in 1 month than the 1 EVENT and any other locations TPTW will have their shipping containers available for testing.
Disneyland was the place to be with folks from all over the world and no worries about time schedules such as one would expect from a concert venue, don't know why they aren't there but for me it was telling as there's no reason for them not to be except for the one reason they aren't. Disneyland had a big vaccination area set up so it would've seemed like a no brainer to me.
Thank you buyers ....,glta its been good to me I hope it will be for you as well
Opening at anything less than 100% capacity would only be of benefit to TPTW ...,so why no contract is my argument.
Oh my percentage gain is sufficient to unload a chunk ,besides if there isn't enough interest to buy the shares I have for sale at .04 .
That bring said I expect to see it pop after I sell some lol.
Guys the country is opening back up, Disney land is opening back up the end of April and I don't see any quick labs in the parking lot as I would've liked to have seen ....,to me that says alot .That was a venue that would've made a lot of sense to deploy these shipping containers testing sites as unlike a concert the rides go all day long ,so it wasn't a rush to test thousands of people like before a concert starts ....,better start thinking 5G play ....,because thankfully covid didn't have the impact the media scared us into thinking it would...,we have states opening back up and dropping mask mandates which is fantastic if you ask the majority of us who bought in originally for the 5G ....,GLTA
OLD NEWS LOL, are you actually reading the filings and omg agreeing with the failing companies stated intentions regarding digging themselves out of the hole . Remember this they aren't in a hole their shareholders are IMO because they chose to go the toxic finnancing route...,smart guys sticking it to the shareholders verus having to answer to real investors ...,but hey that's what the otc is for.
Good news is the company wasn't BS'N about the RS too bad we can't say as much for some posters here !!!
Outstanding longs what a great show of support today!!!
Any one else having trouble buying through TDA ?
Is thing waking up?
Yup Folks buying back in now looking for a green close tomorrow and 6's by mid week
Experience is the best teacher no matter how the shrimps get fried ,down in DeepShrimpin we Grill em,Slice em & Filet em.Now for those who think the otc is for investing let me remind ya
When you come down to DeepShrimpin keep your money in your shoe,Cause down in DeepShrimpin they out to take it all from you...,so best stay true to the golden rule & take your profits or take your pain ,cause everyone an INVESTOR till they learn to play the game ,
The OTC that's the place for me.
We got Genius's and Simpletons,Gamblers,Hustlers,Sharks and Swindlers,Thieves and Preachers to all degree,where nothing is as it appears to be just so long as you choose to believe. Well If ever there were a more honest place to be its one I've never seen.
No one gets a free ride in the otc but the education comes on a sliding scale.
Dream or Weep reality is as its always been Cash in & Cash out leaves one with little doubt when trading the trade.
Though One mustn't underestimate the power of the Cult of Shrimp I believe they are now willing this to a dollars,reality has been abandoned as an useless abstract that couldn't possibly measure the value of belief.
In my capacity as an unaffiliated student of the cult of shrimp its my opinion they've transended such confines and have effectively recreated reality in their own image ....,this ticker symbol done gone sci-fi nah,I think its reasonable to assume the cult has manifested a dollar hungry Demigod
Listen all turbidity aside Mr. Darthium,
Folks got to give some respects here..,
It ain't easy hussling shrimp shares on the street with NO Damn Shrimps to give the peeps!!!, You ever see no girl scout mfkrs try and sell you dream tickets for future thin mints.
21 years running a hussle on a limp
didn't never have to make no sense
to make them shrimpies a whole lotta cents
Stacking 10's of millions with out ever filling truck full of no shrimp, we got a quick cash hook up with our OLD OG GHS,we got an INDESTRUCTABLE HUSSLE we keep it laced up tight on our way dollars cause our fecal colored shrimpies always come out green.
Looks to be bottoming and making a base thats the catalyst ive been waiting for , looking to some more reloading over the coming days and a push back into the 6's .
Catalyst im looking for to add is when bottoms .
Government isn't the problem its just an apparatus its the idiots that fill the sacred halls of our government that are the problem, BTW RR knew that they all do but they want you to be little anarchists and destroy your belief in the only apparatus that gives the average citizen any leverage.Bureaucracy is the enemy of the people purposely making government ineffective and wasteful .The real problem is we as a nation refuse to hold elected officials accountable by hanging the corrupted sobs...., No we let ole I DONT RECALL get away with Scott free.
Side ? ,have you ever experienced ad pop ups that block the entire message board. Ill be reading messages and all of a sudden an ad pops up blocking the entire MSG board.I have to literally retype the ticker symbol in the search box to refresh the page ...,so annoying.
Imagine if the idea was to do a RS so an entity could buy into a majority share position ..,except for some reason retail shareholders got pumped up into a buying frenzy driving the SP higher and higher kind of like game stop but in reverse...., perhaps we screwed the plan up or perhaps the RS was and is the best option for the company and there really is no conspiracy at all .
I see so you admit management is up to something shady....,
Listen these jokers own 55.9 percent of issued and out standing shares the RS DOES NOT AFFECT the PERCENTAGE of ownership
55.9 PERCENT ownership at a 100 BILLION SHARES IS STILL 55.9 PERCENT ownership at 100K SHARES
Amount of shares change not percentage of ownership
Its an odd one,rarely have I seen so many excited about the possibility of a company not following through with their clearly stated desires.Its not the norm for folks to rush into an approved RS banking on it not happening least wise in a situation where it makes sense for the company to do so.
I still have to come back to it being an extremely shady ploy if the company used the RS announcement in and of itself to bolster SP while never intending to actually go through with it.
Its an amazing day alright all across otc land , this is how the crocks made the real money ...., by shaking the entire market at once 10-25 % haircuts for all ...if you sell that is
I think some folks feel that if a stock trades the company must be legit right...,some of the best trading action I've seen have been attached to companies that have accomplished little more than a good story....good news is as long as Johnny Depp and Steven Tyler already have "ONE" we can cross them off our Christmas list from years ago .
Let me try and put this all in a nut shell,1st thing I do is evaluate the CO is it garbage or not ? Are they up to date with filings, are they profitable or at least have a clear plan laid out or do they operate off of toxic loans and selling shares, do they communicate with shareholders ,do they follow through with what they communicate through PR's ?
Those are just a handful of fundamentals I like to look at prior to buying shares.
Then I look at THE STORY&THE VOLUME which gives me an idea for the THE POTENTIAL HYPE.Now mind you the hype has nothing to do with whether a CO is legit or has any real promise at all..., it just just gives an idea as to whether there's enough there to cause the heard to get excited into buying the STORY...,REMEMBER most people buy THE STORY not THE REALITY because they don't want to do the NECESSARY D&D.
I DON'T buy the AlyLIE but that doesn't mean one can't trade the momentum created by those who do buy the story or at least the POTENTIAL that the story offers going forward.
TIMING IS EVERYTHING, many otc stocks are cylintrical go back and look at the spikes in this one ..., Those who bought pre Spike make money selling into the run up Those who buy the top of the run often get turned into bagholders who may have to wait a year or longer for the cycle to turn back around for another hyped filled run to manifest itself . one cant depend on such things so IMO its better to cut losses protect your capital.., although in my experience well run share selling outfits tend to continue what works..., hence timing is everything.
Last year i watched a lot of stocks blow up on hype and drift down into the trips (.0001) or subs (.001) only to come back to life in the last couple of months shooting up into the pennies ..., will money be made from the pennies (.01 & up) potentially sure but money was definitely made on the run up..., just like with alyLie...,GLTA
Well yea that's a start dine and dash lmfao remembering being a poor punk ass teenager .., just remember to leave a tip right
Lol as of that ever mattered. What are you Dr.Evil/Captain save a hoe lol...., at least throw up some D&D
Count me in on Monday !!!
It's got me curious that's for sure,though 100 mil were dumped on the bid today.
On June 5, 2019, the Company entered into a Securities Purchase Agreement (“SPA”) with YAII PN, Ltd. (the “Investor”), pursuant to which the Investor agreed to provide the Company with a convertible loan in the aggregate amount of $1,100,000 in three tranches, and the Company agreed to issue convertible debentures and a warrant to the Investor.
The first tranche of the convertible debentures in the amount of $210,000 was provided upon execution of the SPA. The second tranche in the amount of $300,000 was provided on October 23, 2019 upon the Company filing of a Registration Statement on Form S-4 in connection with the Merger with Samsara Delaware. The third tranche in the amount of $600,000 was provided on November 18, 2019 upon consummation of the Merger with Samsara Delaware and the fulfillment of all conditions required for the Merger. The Company incurred issuance cost of $100,000 with connection to those convertible debentures.
Each tranche of the loan will bear interest at an annual rate of ten percent (10%). The principal amount together with the accrued and unpaid interest will be repayable after two years. Each tranche of the loan together with the accrued and unpaid interest (or any portion at the discretion of the Investor) will be convertible at any time six months following the issuance date, into shares of Company’s common stock at a conversion price equal to the lower of $0.003 per share or 80% of the lowest volume-weighted average price (VWAP) of Company’s share during the period of 10 days preceding the conversion date
SAMSARA LUGGAGE, INC.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
On December 9, 2019 and pursuant to the SPA, YAII exercised its option to convert the first Convertible Promissory Note principal amount of $200,000 and the accrued interest into 69,917,807 shares of Common Stock of the Company.
On July 23, 2020 and pursuant to the SPA, YAII exercised its option to convert the second Convertible Promissory Note principal amount and unpaid interest of $72,000 and the accrued interest into 90,856,163 shares of Common Stock of the Company.
On August 5, 2020 and pursuant to the SPA, YAII exercised its option to convert the second Convertible Promissory Note principal amount of $75,000 into 1,515,06,840 shares of Common Stock of the Company.
On August 13, 2020 and pursuant to the SPA, YAII exercised its option to convert the second Convertible Promissory Note principal amount of $75,000 into 150,863,020 shares of Common Stock of the Company.
In accordance with ASC 815-15-25 the conversion feature was considered embedded derivative instruments, and is to be recorded at their fair value as its fair value can be separated from the convertible loan and its conversion is independent of the underlying note value. The Company recorded finance expenses in respect of the convertible component in the convertible loan in the excess amount of the convertible component fair value over the face loan amount. The conversion liability is then marked to market each reporting period with the resulting gains or losses shown in the statements of operations.
The fair value of the convertible component was estimated by third party appraiser using the Monte Carlo Simulation Model to compute the fair value of the derivative and to mark to market the fair value of the derivative at each balance sheet date. The following are the data and assumptions used as of the balance sheet date:
On June 26, 2020, the Company entered into a Securities Purchase Agreement (“SPA”) with Power Up Lending Group Ltd. (the “Investor”), pursuant to which the Investor agreed to provide the Company with an initial investment in the form of a convertible loan in the principal amount of $67,000 (the “Initial Investment”). The SPA contemplates additional financing of up to $925,000 in the aggregate, subject to the agreement of both parties. The funds are expected to be used to finance the Company’s working capital needs.
The convertible loan will bear interest at an annual rate of eight percent (8%) with a maturity date of June 25, 2021 (the “Maturity Date”). The loan will be convertible after six months into shares of the Company’s common stock at a conversion price equal to seventy-five percent (75%) of the average of the lowest trading price for the Company’s common stock during the twenty (20) trading day period prior to the conversion date. The Company agreed to an original issue discount of $8,700 and to reimburse the Investor for its costs in the amount of $3,000. Accordingly, the net proceeds to the Company from the Initial Investment amounted to $55,000.
The SPA and the convertible note contain events of default, including, among other things, failure to repay the loan amount by the Maturity Date, and bankruptcy and insolvency events, that could result in the acceleration of the Investor’s right to convert the loan amount into shares of common stock
On September 3, 2020, Samsara Luggage, Inc. (the “Company”) entered into a second Securities Purchase Agreement (“SPA”) with YAII PN, Ltd. (the “Investor”), pursuant to which the Investor will invest an aggregate amount of $220,000 in two tranches, and the Company will issue convertible debentures and warrants to the Investor. The first tranche of the convertible debentures in the amount of $150,000 was provided upon execution of the SPA. The second tranche in the amount of $70,000 will be provided on October 3. Each tranche of the loan will bear interest at an annual rate of ten percent (10%). Each tranche of the investment will bear interest at an annual rate of ten percent (10%) and will be repayable after two years. Each tranche of the investment will be convertible at any time into shares of the Company’s Common Stock at a conversion price equal to the lower of (a) $0.003 per share, or (b) 80% of the lowest the daily dollar volume-weighted average price for the Company’s Common Stock during the 10 trading days immediately preceding the conversion date. As part of the transaction, the Company will issue to the Investor warrants to purchase an aggregate of 18,333,333 shares of Common Stock, at an exercise price equal to $0.003. The term of each warrant is five years from the issue date. Each warrant may be exercised by cash payment or through cashless exercise by the surrender of warrant shares having a value equal to the exercise price of the portion of the warrant being exercised. The Company has undertaken to increase its authorized shares of Common Stock to at least 7,000,000,000 within 90 days of the closing. The SPA and the convertible debentures contain events of default, including, among other things, failure to repay the convertible debentures by the maturity date, and bankruptcy and insolvency events, that could result in the acceleration of the Investor’s right to convert the convertible debentures into shares of common stock
ALL INFO TAKEN FROM THE 10Q Dated Sept 30 2020
Seems strange to ask why,I'd feel foolish asking the company why,when they'd likely say read the filing .Now a better question might be Why APPROVE an RS to begin with ?
seems shady doesn't it,
and then to have a history of doing so would seem like fraudulent behavior on the one hand or neurotic as fck on the other...,
maybe both.
Maybe they're trying to aid someone in acquiring a majority share position,could it be as a benefit to the toxic lender to later announce the RS cancellation for the lender to then sell into the spike created as a result?
Who knows,I can't argue their history nor the accumulation though one has to wonder what the angle is in making and retracting these filings.
Respectfully I trust YOUR opinion,though they've got a 4k-7k to 1 RS in the pipeline. Statistically the RS doesn't play out very well for otc companies....,take into consideration the covid lock down environment and I don't see how it bodes well for longs....,so what the potential here is a quick flip on technicals then?