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I was very impressed by their progress in a very difficult year
I'm hearing that it's time to load the truck - March could be an incredibly good month.
I'm pleased that Ault Global Holdings agrees with me!
https://www.benzinga.com/pressreleases/21/02/b19722903/ault-global-holdings-acquires-9-96-equity-interest-in-ntn-buzztime
I have no expertise in Market Making so can someone enlighten me as to why the Ask price is generally two to three times the bid price?
Is it simply because there is no interest in the stock and trading activity is a rare occurrence?
It would be interesting to see a screenshot of a Level 3 screen with all the bids and offers laid out.
So, with Bitcoin making headlines as it exceeds $50,000, he returns to the cash sinkhole that was/is WaterChain!
This is such an opportunistic hustle that he hasn't even had the time to update the abandoned website that's stuck in 2018 (and we've had about 18 "preferred" offerings and 3 reverse splits since then).
Happy Chinese New Year!
Welcome to the Year of the Ox!
Looks like there's close on 10 million new shares in this filing which, I think, is a new record for a dilution report:
https://ih.advfn.com/stock-market/USOTC/originclear-pk-OCLN/stock-news/84303232/current-report-filing-8-k
True "market" value of shares is now less than a penny.
I guess you can add market manipulation to the list of crimes - I suspect that there is some very dirty "foreign" money entering the picture
(and I don't think they are Scientologists)
Happy Chinese New Year!
Welcome to the Year of the Ox!
Happy New Year!
Welcome to the Year of the Ox!
A "major player"? HaHa
Someone is quietly accumulating this and happily paying the ask. I suspect that they know something that we don't.
When will this end?
<< Anz will exchange a collection of properties which he has valued at $630,000, in return for a package of stock and warrants... >>
What, exactly, are these "properties" and why do we want them? I assume that they are already leveraged up to the hilt. At least they are not costing anything, other than the extra electricity for operating the printing press on the night shift. We'll get another massive dilution, of course but nothing that another 1:50 reverse split can't handle.
I personally have a bunch of properties that I have determined are worth almost $1 million; at the present time, I might be willing to exchange them for 15 million shares and a bunch of warrants. Then, I can dump them into the market like Mr. Anz is going to do, monetize my worthless properties and claim a capital loss into the bargain. Sounds pretty sweet.
Yes - my comment is that there is a sucker born every minute
Yes. A defunct, but fully reporting (compliant) company has potential value for a private company that wants to go public (avoiding IPOs). They would have no interest in the business of the target company but would still have to assume any obligations or debts that exist. Essentially, they do a reverse merger (big, strong private company into small public company), change the ticker symbol and they're off to the races.
In our case, we would have to figure out what to do about existing assets and operations - generally, these transfer to the hands of management who may, or may not, pay cash for them (becoming a private company in the process); if no one wants them, they just dispose of everything at fire sale prices.
One assumes that all the stock issuing moves last year were for this purpose as you can't do a whole heap with 5/50 million outstanding. Of course it also gives an opportunity for management (and complicit board member) to continue to raid the till and line their pockets. As they can outvote everyone else they can do whatever they want, with equanimity. As I said, it's a sad (but predictable) story. I think it will end this year however.
Well, I'm not sure that they deserve to stay in business but they still are! I suspect that the PPE stuff was a means to call themselves an "essential" facility and to keep enough people on the payroll to justify the PPP "loan" which they won't actually have to pay back (hopefully).
The voraxial business is, essentially, dead for the foreseeable future, though the new administration might force companies to beef up environmental spending. I'm confused as to the state of their "license" agreement (now expired) and whether they can even continue manufacturing the products that they sold - variants, maybe.
Having upgraded all the CNC equipment, it now sits idle for, maybe, 22 hours a day - it might be worth $0.30 on the dollar. There is no money, no strategy, no customers, no ideas. And, we are saddled with compensation debt from those years when our principal squandered his legacy while believing that he was worth in excess of $300,000 in salary. It's a very sad story.
Fortunately, we remain a fully-reporting entity and the market for reverse merging of shells is pretty strong. Any ideas what the shell is worth? 50-60 cents a share, perhaps?
Thanks for the pump, folks - I'm finally out of this train wreck at over $4.20!
Basically, it's an indebted shell to be propped up with $2 million (less loans) in exchange for all the assets and resources of the company. All in, it's maybe worth $2.00 a share.
Might be more coming when the "deal" is investigated, but it won't matter whether you're in or out.
I think everyone is going through auditing
It's a crap deal for shareholders and an extraordinary deal for insiders who are picking up all the traditional gaming / trivia assets for next to nothing. It is a crime that those who have presided over such a colossal failure should benefit by acquiring the assets at $0.10 on the dollar.
They're trying to shake some more shares loose. Round 2 is going to be wild!
My thoughts are with all the people of Kenosha, Wis as they process the "no charges" decision in the Blake shooting.
https://www.kenoshanews.com/news/local/watch-now-reactions-to-blake-shooting-decision/article_e340ad9c-8c3e-560c-8e8a-3c0378e7c9c3.html#tracking-source=home-top-story-1
My guess is that they are putting together a fat document that will enable them to exit the company and keep all the core assets for themselves - they would like us to think that they are nothing more than a "shell" and that the databases, hardware, software and capabilities that have been developed (and grossly under-utilized) during generations of mis-management are essentially worthless.
Welcome all to Enviro Technologies U.S., Inc.
Pretty sad when a name change is the most exciting thing that has happened all year!
https://ih.advfn.com/stock-market/USOTC/enviro-technologies-pk-EVTN/stock-news/83993203/current-report-filing-8-k
May your Thetans be forever CLEAR!
Merry Christmas, everyone! Stay safe and well - 2021 will be better for us all.
I would like to wish everyone* peaceful and joyous holidays!
* Scientologists excluded
Merry Christmas, everyone!
I would probably be happy if we get over a penny though it could run a lot higher
Another 3+ million shares for dumping
https://ih.advfn.com/stock-market/USOTC/originclear-pk-OCLN/stock-news/83899119/current-report-filing-8-k
Get ready to Rock 'n Roll...
Customer wins wherever you look!
This is the biggie: [We have] secured the most meaningful win in Company history with one of the largest mobile network operators in the world for SeaChange’s Advertising Solutions. The aggregate potential revenue opportunity over the next three years is approximately $100 million based on the customer’s annual unsold ad inventory and the revenue share SeaChange would receive to monetize it.
Though, as a private company, they have a larger and more active Board and are much more transparent with regard to finances and operations. Much improved interaction with individual shareholders also.
I don't think the turnaround could have happened if they were still on the pink sheets. The real question is: what comes next?
Well, FLUSH, this is called "disruptive" pricing! In actual fact, they would have to charge at least twice as much, with larger volume, to get anywhere close to making a net profit on an installation; also, they would have to be paid 100% upfront to avoid issuance of further junk paper; and, finally, the CEO would need to need to cut his salary to zero so as to reduce the outrageous G&A burden on the operating units. The chances of this "company" surviving are, maybe, 1 in 100. It is run, in authoritarian style, by a liar and a crook who has stolen millions of dollars from investors.
Lipstick on a pig? Most rational people would quietly issue their disastrous 10-Q just before the holidays, and then go into hiding for a while. Not this grifter, who has analyzed all the comparisons (from last year's appalling results) and actually managed to find some metrics that have "improved":
<< Clearwater, FL – December 2, 2020 – OriginClear Inc. (OTCQB: OCLN), The Water Company for the New Economy™, announces that revenues and gross profits for the first nine months of 2020 outpaced the same period in 2019 >>
Well, matey, things have not improved for the owners of your common stock whom you have cynically and systematically wiped out. And, we're not fooled by this low-volume "pump" to enable converters and other recipients of newly-issued shares to cash in their gift vouchers. My advice to all vendors / consultants: work only for cash, paid in advance. My advice to "accredited" investors: don't be fooled by the trimmings (dividend & conversion promises) and keep your focus on the main meal (your principal).
One of these days this is going to take off to the stratosphere!
Why I'm thankful
We all agree this is an astonishing year, and apparently it's not over. The economic and human cost is appalling.
And yet, with your amazing support, my bank account is prevailing.
Let me count the ways:
1. Despite the lockdown interruption, my "regular salary" remained stable this year, despite further 90%+ losses for our common shareholders.
2. After years of investment, Dan Early's Modular Water Systems™ started taking LARGE orders. Dan himself can't book enough webinars to teach people his advanced, rugged designs. We are so "disruptive" in our pricing that our cost of goods actually exceeds the revenues we generate.
3. We revitalized our equity through an amazing 1:2000 stock split and ensured further massive dilution by peddling many new series of convertibles.
Wow! That's a lot for less than one year.
I'm proud of the OriginClear boiler room and I feel sure that 2021 will be an AMAZING breakthrough year for me.
Above all, I would like to thank YOU, our supporter and investor, for all that you have done to keep my dream of pure and clean larceny alive... It's a great mission and I thank you for sharing it.
If you're in the US, have a wonderful Thanksgiving!
No surprise, unfortunately. I'm sure he offered to print up a batch of common shares instead. All the cash is reserved for paying the CEO's salary.
<< I spoke with someone from a marketing company that did some work with the CEO and OCLN for a number of months. They told me that when they submitted a bill to the CEO he refused to pay for the services that they provided >>
Well, a 1:2000 is called a "wipeout" in the trade!
Good thing his 51% is unaffected by all splits, stock issuances etc. Maybe he learned this at Trump University.
<< Pretty much everyone lost money on the reverse split and the company doesn't seem to care at all that this happened to the investors that the CEO claims they "care so much about" >>
Another appalling quarter just announced. As I recall we were all going to be dazzled by the topline growth emanating from all the initiatives.
<< For the three months ended September 30, 2020, we had revenue of $917,320 compared to $939,468 for the three months ended September 30, 2019. Cost of sales for the three months ended September 30, 2020 was $934,708 compared to $858,828 for the three months ended September 30, 2019. Revenue decreased primarily due to our subsidiary’s decrease in revenue, due to focusing on marketing of its products. >>
I guess this is their "disruptive pricing" model that dumps product with a negative gross margin and then saddles the SG&A with a $360,000 salary (which is not disruptive to the CEO's bank account) while defaulting on its redemptions of some of the earlier preferred offerings.
Looks like someone is making a clumsy attempt to walk the price up so that they can dump some of newly printed conversions. Only Fools (and Horses) would buy any shares in this stinker!
Happy Thanksgiving to all who have lost money in this venture (essentially everyone except for the person who controls 51% for his $0.10 investment).
I think the Q3 financials should be sent to all registered shareholders in the next couple of days - we'll have to wait and see whether the Q2 sales momentum has continued but that was probably a very tough act to follow!
I would like to take this opportunity to wish all officers, employees, vendor partners and shareholders of Pacific Sands a safe, wonderful Thanksgiving holiday. Thanks for all the dedication and efforts you give us all every day.