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Despite what's happening, I think it will turn around big time in a few days.
Now name/ticker change timeline is obvious, they have to provide some meat to the market. People are losing patience, seriously!
These big asks coming from the last week's noteholders, they could not and did not sell all, thought will go up. Now that stock is below a penny, they are trying to get out as fast as possible. They are not like retails, hold long and wait. Last week's dilution made a big dent on the stock price. Anyone has a different take?
Sure, market never likes dilution, whatever the reason is. But in the end, it will be a good one. I am a big critic but I support this one. Without Upstyve, PBYA is nothing, so we needed to make sure the deal was closed and share was issued to them (hoping it is to Upstryve as that was supposed to be restricted).
Added 10m more today, win big or go broke, lol
Guys today’s share increase is a very good news (assuming it’s to Upstryve). You need to make sure Upstryve is secured and that’s why we needed to issue the shares to them asap. If Upstryve is in our bag, nothing to worry, it will lay golden eggs.
Be happy with today’s share increase, it’s not dilution, it’s the purchase price of Upstryve.
Looks like they issued 693m shares to Upstryve. Previous restricted was 335m, plus 693m to Upstryve makes 1.028 billion, update shows 1.013 billion, little lower than expected.
Per SS update, restricted shares increased by about 677m. New o/s is 3.9 billion, which also increased by similar amount. There is a small discrepancy.
If indeed it is to Upstryve, that’s a very good news.
I am 100% sure he does. They all leep an eye on iHub and Stocktwits.
Nice to hear from you. Doesn’t look like it will come to light anytime soon. It’s pretty much dead. The only time this moves when whole OTC moves up, this gets some traction. Otherwise, this is a dead ticker i guess. So far got 64m, on the way to 100m, lol. Buying out of fun!
Soon after pink current (and possible penny stock exempt status back), they should put some good news release for it move up fast. Giving a timeline for name/ticker change as well as a plan for uplisting to OTCQB would help big time.
I read the new SEC rules as well as OTCMARKET and found that if a company cannot make it by Sep 28, they can comeback for sure after filing. The good news is previously, it was much harder to come back from grey market. Under new rule, it’s not that hard. If our moron John (can’t call him anything better) really, wants to keep it alive, he can get it back afterwards as well.
For now, doesn’t look like we’re going to hear anything before Sep 28.
Unfortunately, i have to leave my 100m shares and tens of thousands of dollars RIP ??.
I like the overall share structure, looks good. Any news about merger or something will take it to penny land in no time.
The dumping is from note holders newly issued 397m shares. They have not had a chance of big volume to sell big time. They are still sitting with tons of shares to unload. Once there is a big news, we have a big volume, they will unload all and we get to breathe. Remember, note holders get shares almost free of cost, so they sell and make money. Most experienced traders know it. For now, we have to deal with it. That's why people hate dilution.
Yes, long term is great but short term company has to stop this freaking dilution, which is not good for us.
I often here they’re keeping price down. In OTC, not many big institutional investors are there to suppress the price.
OTC mostly is all about retails and volume. The volume comes from news and PRs. When news hits, retails come and volume increases and price goes along.
When volume goes down, so goes price. Meaning, not many buyers. So obviously, if you wanna sell, you have to go to bid and that too small bid, so you have to go even lower. If i need money and want to sell my 10m, I have to put way lower than bid price, that’s why you see some long candles down or up. Same thing happens for buying. No sellers. If you want to buy 10m shares, you have to put 0.014 or more to cover to buy it.
The point is it’s all news, volume, supply and demand, not much planned suppressing.
Hope we get a surprise, good surprise!
see some movement here today.
Although pink current is not a big deal if you're pink limited but this shows management is not up to the task yet. Every other company got pink current long long before. Also they lost penny stock exempt almost soon after getting it. This tells they are NOT yet ready for big league.
PBYA, get to work buddy, compliance is as important as other things. If you can't comply with OTC in a timely manner, only god knows how you're managing other things.
Right. Next week is going to be exciting for sure.
Pink current news should come tomorrow or early next week, that will give it big push, get early.
Managed to get 10m shares. Let's do the journey to the penny land
looks like it has a potential to do well.
Will definitely watch this and price action.
Jun 30 quarterly report shows, they have $5.5m notes payable. Wondering the o/s share increase from 704m to 1.5 billion has something to do with payment of note payable. Of course, we will see on Sep 30 quarter if note payable decreased.
Based on last quarterly report filed, the o/s shares were 704m as of Jun 30 but as of Aug 31, the o/s shares were 1.5 billion. They doubled the o/s between Jun and Aug from 704m to 1.5 billion. Anyone knows why such a big jump? Any deal in the making? Just trying to do some DD before jump in. thanks
Were they pink current between now and apr 2021? Seems they were up to date around Apr May time. Anyone knows they were pink current this year before becoming pink limited?
Just to let you know guys, I did not sell a single share and do not intend to sell any anytime soon, all 10m still intact. I like the storyline and hoping for a grandslam. This is just to encourage/motivate others to buy and hold.
Of course, by now some of you realized that I do a lot of criticism that may sound negative but trust me as a long, we need to do it to keep management accountable. I know sometime it’s not good in near term but if we’re planning for big pennies or for dollar land, it doesn’t matter small fluctuations as long as long term bigger plans are implemented right. I hate to pump or dump based on my position, instead I try to be always objective and unbiased.
Good luck to all of us!
If you flip, do it man, you don’t have to announce it.
Today was a big win for us that we did not end up hitting under a penny, it was pretty close but survived. It’s a psychological thing. Of course, i mentioned before that the longer it trades in penny land, the stronger it becomes. I must admit it did not go below under a penny because of us longs. If anyone of us with large holdings would pull the trigger, because of small volume, it would go under a penny.
Let’s hope pink current comes soon, that will help us staying up too.
8k says transaction included issuance of 693m restricted shares that we all know of. Their current restricted shares is 336m, if they issued 693m, the restricted shares would be 1.1 billion. You can check yourself using the link below:
https://www.otcmarkets.com/stock/PBYA/security
8k says this:
"On August 31, 2021 ProBility closed on its acquisition of Upstryve Inc, a leading resource for tradespeople nationwide. The transaction included the issuance of 692,500,000 shares of restricted common stock to the shareholders of Upstryve."
It wouldn't matter if we are doing well in terms of stock price. Now that things are not good and he keeps diluting big time (and more to come), we need to have our golden egg Upstryve secured at least. If somehow that goes, imagine what will happen to us. So of course, it matters big time.
We even offered him financial and legal services for free so he can file but he is a no show. Only god knows what happened to him. To be honest, filing is not that hard, all it requires the intention. They have nothing going on, so any high school student can prepare their financial statements and they can copy a disclosure template from OTC market and get an attorney letter, upload it to OTCmarket, all done. Attorneys don't check anything either, they just say client told us this and that and we have not verified, etc. etc.. OTCmarket does not verify anything either, all they need filings.
I am not sure why John wouldn't keep this money printing machine active. Until recently, he was diluting and making money out of it.
Most people don't understand how share structure works. If you buy something with shares, you have to issue those shares and add that to your o/s shares. That did not happen yet (PBYA o/s shares have not increased by Upstryve's 693m as of Sep 20th share update on OTCMarket). Until that happens, it's not a done deal.
You saw day before they issued 397m shares to note holders and that got added right away to the o/s shares and that's the done deal and that's how it works.
You can mention on PRs and 8Ks million times that you issued shares but until you add that to o/s shares and update on OTCmarket, it's NOT done.
Of course it's a done deal, just not paid for yet. Because Upstryve is their own private company, they can pay anytime but the concern is they may change their mind too that we don't want. So the sooner they pay 693m shares to Upstryve and add to the PBYA o/s shares, the better. Any closing means you have to pay for, be it home, car, boat or a company like Upstrybe. You can't get the key of a new car until you pay for (cash/lease/finance, whatever).
May be John is “working hard” making gas pipelines (remembering he said he was working hard). What a liar!
Just to clarify why I keep raising Upstryve share issue is that we want to make sure Upstryve is in our bag safe and secured. Down the road, we don’t wanna hear that they will remain separate and we go nowhere. It happens all the time in OTCLAND.
Our all hopes and dreams based on Upstryve. Without this PBYA is nothing. So let’s make sure they issue shares to Upstryve and we stick to the stock win or lose and no matter how long it takes. Never trust OTC until it’s done.
Some people keep saying PBYA issued 693m shares to Upstryve, which is WRONG. They’re NOT issued yet. Anytime you issue new shares, that get added to o/s shares (and restricted or unrestricted, as the case may be). Yesterday they issued 397m to note holders, accordingly, o/s shares increased from 2.8b to 3.2b (and unrestricted increased by the same count).
So far o/s and restricted shares have not been increased by 693m shares. So DEFINITELY they have not issued shares to Upstryve despite closing the deal on Aug 31. Anytime, you close a deal, you settle both sides of the transaction. I can guarantee they did not issue shares to Upstryve and that’s a mystery!
I am open to hear as to why Upstryve 693m shares still not issued? What’s the hold up?
Remember, yesterday’s 397m shares to note holders need to be consumed by retails. Those guys will be sitting here until they unload everything on us. For now, there is no volume, so they can’t unload big.
If PBYA releases a big PR, volume increases big, they can sell all and we can breathe.
I am long and not selling, so i will wait for this to settle but I know this will happen like it or not, 400m additional shares not a joke. I think PBYA issued today’s PR to help the note holders but did not work because PBYA lacks volume big time.
Don’t get upset, it will do fine but not before we suffer from their mistakes about filing and delaying pink current and cleaning up debts.
If you’re long, hold tight and get ready to face these in between.
All quiet in the western front. We are in the war zone but the commander is missing, reportedly he is working very hard but only god knows what he is working with. Probably, in Canada smoking weed and have no clue what's going on with his company ADTM. Hey Johnny, wake up buddy.
Seriously, this is strange that he was diluting until very recently meaning he is very much active and working behind the scene but wouldn’t say or do anything.
Can we call him a moron for once? John if you see this, don’t you think it’s a fair game? We invested in it hoping you will do something not just f …k this and dilute!