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No they didnt they paid off a bit over 3k of over 2 million of the non-related party notes. Dont mislead people
8k out more dilution 49 million shares
Just like I stated, pressure to convert now before the higher conversion price in a few weeks.
To all the people saying "no dilution" , "dilution is over" , "they do not have to convert or dont want to" ... well you are wrong..
See right about the messages for the 8k that came out this evening
Good post, if interested but on the sidelines, I would wait for the 25 trading day conversion price lookback to change to new numbers sometime in mid June.
I think this started moving June 7th? Count about 25 trading days from then. What this means is the conversion price on dilution will go from .00005 to 50% of the lowest trading price during that period. This "might" give a dilution free window or at least a slow down in dilution.
However until then the pressure will be on to dilute before that price changes. See the quarterly financials I think pages 8-15 or so for how the shares can be converted for more details.
Even with much lower price volume drying up and now posts being removed while posting information about dilution "conversion price" calculations taken right from the quarterly financial report for being "off topic"
I would be very wary here. Ask yourself if the whales are truly "loading up" why does the stock price keep going down?
Why are many of the posts about app statistics misleading?
As I stated the dilution conversion price changes on a 25 day lookback (read the quarterly financial, check my prior posts giving the link and page numbers).
This "might" get interesting when that period gets 25 days from the time this first shot up (sometime mid July). Until then it is a carpshoot.
Good luck to everyone
Sometimes no one listens and others try to mislead.. but if you read the financials on those pages I posted about in my prior posts. The key here is the 25 trading day price. Once we move 25 trading days beyond the date this stock started to move sometime in that first week of June, the exercise price changes dramatically on the conversions. So I expect some pressure from now until then. Perhaps by then the people with convertibles will have made enough money to hold some and let it run and let their investors help build the momentum in the game itself.
good luck to everyone
A move in the right direction but still both to spot lower than when the game first came out. So it is recovering some of the ground lost when it tanked this past week.
This could be good news if it continues, or could be people using it more on weekends. In any case if this keeps up it is definitely good news, but I think you have to wait a few days to a week to see if it holds and builds..
Oh and 150 million shares in April/May
....were converted from non-affiliate shareholders (the 8ks from April and May show this... So that is a total of somewhere around 230-240 million shares in the last 3 months from people that "do not want to convert ANY"
Not sure where you come up with this stuff but if they were not "interested in ANY conversions" they wouldn't have converted 114 million shares in the last 2-3 weeks - See the two 8ks filed in June both of which state the conversions were from non-affiliate holders.
Nothing against people making money on their investments as this was an extremely high risk situation for them but people should not spread misleading information.
First it was stated most of these notes were insider notes and they are not. Second you state they are not interested in converting any notes, and they already have...
No actually you are wrong and I can prove it to you. Non-related parties own the majority of these convertible notes. I will post a link. PAGE 8 starts with the related party notes which =$1,447,051.
Page 11 shows the NON-RELATED convertible notes .. they total =$2,134,594
As of right now just the NON-related convertible notes could be converted into 46 BILLION shares. HOWEVER, it is currently limited by the Authorized stock level of 2 billion shares (which can be changed).
Now if you read the notes on how they figure the conversion price ... below the non-related note table you will see this info..
"greater of (i) the Variable Conversion Price and (ii) the Fixed Conversion Price. The “Variable Conversion Price” shall mean 50% multiplied by the Market Price (representing a discount rate of 50%). “Market Price” means the average of the three lowest trading prices for the Company’s common stock during the twenty-five (25) trading-day period ending on the latest complete trading day prior to the Conversion Date. “Fixed Conversion Price” shall mean $0.00005"
What this means is there is pressure to convert now, because once that 25 day window time rolls by when the stock started moving up they get less and less shares.
So about 25 trading days from June 7th or so (when the stock started moving).
So what happens then? Well if not converted by then they pay 50% of the market price not that .00005 per share anymore and say using the last trading price today as an example they would convert at .0016.
So the pressure will be on to convert before the price they convert at goes up.
What is a better bet for them? That Garfield GO is going to make millions of dollars and dig Freeze out of the multi-million dollar debt hole? Maybe? Or that they just convert and sell the stock to you and not worry if it makes millions or not..
Here is the linkFreeze Tag Latest Financial see pages 8-20 or so see my notes above on page numbers for related/nonrelated
Just wanted to add to your interesting research..
Mapbox is ALLOWED in China (from what I can tell)
This could be very important.
Also of note, is that if the prizes follow the app to China (of course some kind of local prizes perhaps) , the Chinese eat that stuff up.
Here is a link...
MapBox
you are wrong see my last post.
Also its never been #4 or #20ish anything in the overall ranks, just in sub -categories. Its like #1 student in a school is a lot different than #1 student in Chemistry class.
Check again .. trends not too kind..
Global Rank 74,819
Countries in the top 25 === ZERO
Canada now #175 in Adventure category (down from that 20ish level you mention)
Anyone can verify this data on the apptrace link ill post.
If my direct link does not work just got to apptrace.com and type in Garfield Go, choose the augmented reality one
Then click on Daily Ranks once you see the summary page. Also note you can change the country by clicking on United States, a list of countries pop up.
Look for yourselves..
Apptrace info
So many misleading posts prior to the collapse..
As I have pointed out before, many of the app stats were either bogus or stated in a way as to be misleading. The board was littered with garbage to make people think this was the most awesome thing since sliced bread. From crazy estimates of million in income to positions that were not correct or were for sub-categories and not for the main categories.
In a prior post I walked through how much stock could "Hatch" out of those convertibles.. some 850x 40 plus million , which is only limited by the authorized stock level of 2 billion (and they can change that).
I didnt want to be too negative as everyone hopes things go up for them but those same signs are always there when people have tons of stock to sell. A huge increase in questionable news, everyone talking about "loading" and"adding millions" and "whale investors" and "hedge funds"
These dudes have the game down. In other cases I have seen it was actually teams of people that were actually the ones converting and selling the stock. No info on this case but that is what I have seen in the past.
I wish everyone luck. While I missed this on the way up, luckily I also missed this downdraft
When you see that 17,000, MOUSE OVER IT, it will explain that is TOTAL so far not PER DAY.. I know its misleading looking at it.
17,000 total would be more in agreement with other sites.
Sure thing..
I already posted this one for you but ill post it again
ThinkingGaming page for Garfield GO
Page for Garfield Go
For APPANNIE.com you need to do one thing. You need to register for a FREE account. It is just email , pick a password and maybe an email verification to your email to click on (did this last week).
Once you do that you log in. Then look to the LEFT SIDE
You will see TOP CHARTS , click on that. Once you get to the table you can then see about the top 500 grossing or overall or free etc by using the pull down tabs.
But you can also just type GARFIELD GO in the search box at the top left
Click on DAILY RANKS after you do that or RANK HISTORY
I encourage everyone serious about getting REAL INFO to set up a free account and look for yourself. You can also change dates ...
There is a mixture of Good/Bad news on the stats I see.
Overall trends seem to be down.. US rank other ranks,, but GROSSING rank within the subcategory of games and adventure seems to be increasing.
You have to click on the various tabs.
Also keep in mind that if you follow this every day you can see trends, add more info as things bounce around a bit. And , there could be other revenue not seen (like ad dollars etc)..
I see what you did ,,
you left out FAMILY GAMES
it hit #162 in top grossing Family games which is not the same as overall grossing.
Like I said an approximation of #250 slot in overall grossing games is bout 5-6k a day
#500 (which it is not even in the top 500 OVERALL grossing) would be much less per day)
I am not sure if someone told you this or what, but that is not correct. I am looking at it right now.
It is not even in the top 500 grossing apps.
There is no evidence of that, if so post.
The #250 position in top OVERALL apps, not gaming, not adventure not anything but OVERALL is only about 6k a day. Since GG is not in the top 250 grossing yet it is probably much lower. For now at least..
And if I am not mistaken the position you refer to is FREE games.
Everyone should post links to where their info is coming from so people can keep track of it.
ThinkGaming showing 17k installs and estimated revenue 85 bucks a day.
That is not all that much.
Link here ThinkGaming- Garfield Go
I also found (somewhat old but good as a guide) what the top 250 or so grossing apps (which Garfield Go has not broken into yet) make per DAY (corrected)
Hey, this is based on estimates from Priori Data (Mobile App Store Intelligence), specifically for Nov. 22nd, 2015 - US Apple App Store only (you did not specify a country but US is what most people want to know):
#1: $900,531 (Clash of Clans)
#25: $55,310 (Gummy Drop!)
#50: $27,018 (Hulu)
#100: $15,205 (Jackpot Party Casino - Las Vegas Slots)
#250: $5,919 (Rdio Music)
Well maybe the insiders will hold off but you have already seen a ton of conversions since the start of the year. And it is not "worthless stock"
For example the 47 million shares if sold at a penny is 470,000 dollars for 2400 in principal. And just the non insiders can do that 853 times. At a half penny its 235,000 for a reduction in their note for 2400 etc
The other thing is they dont hold this stock. The way this is usually done is the stock is sold and then issued so they have very little risk. It is why people have made hundreds of millions of dollars doing these kinds of loans called "Toxic death spiral" loans.
Now the situation might be different here, and I hope it is. I hope they restructure these notes cause if they do that is when it is off to the races.
Totally agree.
That might be the actual home run play here.
The fear of endless stock for sale keeps people away.
SEE PAGES 8-15 of this filing
Filing showing convertible notes and explaining how they work/convert
This company has just one thing it needs to do.
Seeing that this game is showing some success and its shareholder base is behind pushing it and it is getting great media coverage, all it needs to do is find some investor/capital to take out the 2-3 million in investor and related party convertible notes. If that happens this stock could shoot up, attract a lot more attention and avoid being diluted to where no one can hold it.
If you do the math,, approx 950 million shares outstanding 2 billion authorized acts like a cap but that authorized share count can be changed.
The convertible notes can convert into 40 billion plus shares based on the calculation and is only limited to 2 billion total because of the authorized share limit.
Of course as time passes that conversion price will eventually increase for some of these notes (25 day lowest price calculation) but that puts pressure to convert before too much time goes by.
More important than marketing, Garfield GO success, app ranking is just fixing the capital structure.
So roughly how does the math work? 47 million shares issued for a reduction of only $2344 in principal out of say 2 million (just on the investor notes not counting the related party notes for now).
So take 2 million (such notes outstanding) divide by 2344 and get 853
Multiply 853x47,000,000 and you get ... 40 billion shares.
So to explain, to pay off the 2 million in principal you would need 853 sales of 47 million shares!!!!
Serious money wont be long term until this capital situation is changed. But given that this is a reporting company with potential there is a possibility they actually do this.
Congrats to those that made a great amount of money here or who played the flips. I caught this at about these levels on the way up but missed out. If I acted I could have made some money.
I totally agree with all the positive posts here on the potential of this game with real prizes and the fact that it merges nostalgia with tech and real life prizes.
plus 10 million shares traded at the end of the day.
25 million for the day..
This is just a computer automated thing that is unfortunately growing more common in search results to sell ads. They do them for tons of companies. They just tie a stats database to words and produce garbage. Nothing really here unfortunately....
In other news... we have talked about toxic death spiral companies in the past and some that eventually move. Well one just had a 65 bagger move from .0002 a few months ago to over .012. I did catch it on the hot board when it was .0007 but did not partake. Similar to Pokemon GO they developed Garfield GO and the stock soared. Trading 450 million shares a day with almost a billion o/s and stock coming out of everywhere. Toxic notes galore. Most likely wont end well when the reality does not live up to the hype, but one helluva a move... 1k to 65k would have been nice to have one time in life ;) LOL (Freeze Tag is the name of the company)
you are welcome, always keeping my eyes open for anything possible.
1 in a million chances happen .. well every one in a million im due ;) LOL
Seriously though, these guys are still selling and from what I can tell I bet sales are still in the millions. Not sure if they can ever get out of this mess but with all the money being thrown at distributed power in these third world countries something might pop.
Good luck to everyone
I had Bitcoin pegged right. But sold way too early. I missed most of the huge run LOL. Got some below 100 sold 400 bought more 340 sold 740. of course that sounds wonderful until you realize its 2800 now LOL
Back to work in Indiana?
These comments were posted on a seekingalpha article about Windstream. Not sure if this is any of you commenting there but figured I would pass it along... DATES WERE APRIL 25 and MAY 1, 2017
"wsti has recently called back some of the labor force in North Vernon and has joined forces with a company called Tosmo. The locals are wondering if this company has purchased Windstream as they list a corporate office in North Vernon or just running another "distribution agreement" / pump and dump? As you can imagine it is near impossible to get a straight answer on anything from Bates & co. Anyone have any insight on this development?
Local radio has commented but the papers and city council are in the dark. The Tosmo web site reports a distribution agreement - which is worth zero dollars in real world applications - it just means someone is going to try and sell your crap. There have been cars outside the facility recently during normal working hours. Bates/Windstream is still in default on the loan from the City of North Vernon, as a matter of fact they haven't even paid the interest let alone touch the principal. Last I heard they haven't made a payment in many months. I guess the fact that Windstream hired the mayor at the time son was enough for the city to allow them to go into default on their loan, leaving the taxpayers to pick up the pieces."
TD Ameritrade seems to allow buying. Someone buys on occasion as we can see by the volume.
Good points.
I was in this but traded out without making much at much higher levels. I really liked this company and researched it for a long time. The problem I was all the shares that can pop out of nowhere. They promote, sell more shares, hoping that they can pay bills down and come out of it but the problem I see now (that I did not see earlier) is that ,, there was a newness to the events coming to the cities. Everyone wanted to try it. And it seemed like a good time. But people would pay a bunch of money stand in a long line, slide a few times and be done and the newness wore off (slide the city).
Even the Color Me Rad locally got way less press coverage this year (in Hartford area) and from the pictures I could find attendance did not seem to be as good.
I think basically the capital structure here is in such bad shape that any real progress is matched with new stock coming out and while I do think Surber is trying, he might be in too big of a hole barring the entry say of a new strategic partner or buyout.
I am really happy I sold at like 6 times these levels or more or I would have been sitting on a good size loss now. Still check back from time to time as I really liked the idea of what they were doing here.
I wish luck to everyone. I would stay on top of that event schedule though and see how well attended events are near you.
It was/is a real company but the pump n dump came from non-affiliated shareholders. They paid the promo company after buying a large number of shares.
Not one insider sold a single share.
Real sales in the millions, still real sales. I just found out they are putting up Towermills in Myanmar, and I spoke with someone putting them up in Yemen.
The problem is , we have no financials and they could soon be delisted. Everyone knows this. Everyone knows this is a crap shoot. People bought in at .0001 (at least many have) so any of this pump n dump stuff is way behind in a past life.
Even on the most favorable scenario I could come up with the stock would only be worth .006 to .01 per share (not 1.00 as someone was hoping for).
But when a stock goes from a market cap of 160 million to 300k , anything that resolves the capital structure could easily make the market cap many multiples higher.
Hi RSH, I did hear a while back from the guy in Colorado that they were making product in the US still but was not sure if he was just told this or shipped stuff from existing inventory . Someone that knows both Harris and Bates is going to keep me in the loop. As soon as I hear anything ill post.
Info is very sketchy. I have 3 or 4 people who do business with Windstream that will occasionally message me back. I do facebook searches and troll the pages of distributors in both India and the US and I have one good contact that knows management from prior dealings on a top level. Pretty much everyone has heard of this restructuring talk but it could be just talk.
After the trading I decided to circle back and check some things and reach out to a few people. One actually heard spoke with Dan Harris and exchanged emails with Dan Bates. Apparently they are still committed to saving this company.
Also things in India and other places seem to be taking root based on posts I found from distributors in India and other countries.
Not much to go on I know but from what smaller time contacts have told me, Bates has been talking about this restructuring to everyone. People still seem to be getting product and working with the company
What that means I do not know but I just pass along what I can find out.
I would guess that any stock purchased is from people hearing a little bit of something poking into it then deciding to take a shot at a few shares cheap.
Just a guess though
RSH thanks for the info!
Thanks RSH as always...
As for any updates (to the other poster Sutt?), I periodically check things but nothing I can find. No social media, no real word from contacts but I can circle back with the few people I know.
What I think happened is some buyers showed up and people that list stock for sale were probably caught napping, there was 10 million or so for sale so it went up to the next level when the asks were depleted, probably wont last but it was a surprise to see this today.
Yes, hit my TD Ameritrade app today to see how the market was holding up and there was a .0001/.0002 going on with 13 million traded.
Well, not many posts here recently. I have to agree nothing much to see here. Looks like the restructuring chances seem slim now. A brief flurry last year but nothing in months.
I have not seen much news anywhere that I can find. Some solar operators have even moved on to this new solar flower product which opens like a flower and automatically tracks the sun and closes during bad weather etc.
I will check back with a few people I spoke with before working with the product in the coming weeks to see if I can find out anything.
You could very well be correct. Just passing along whatever I can find. At this point no one has any big hopes for this thing. IF anyone hears anything either positive or negative please post.
Good luck to all!
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Not much to report
Finally got some trading today (6 million shares it seems so far)
I stop back here but since there have been no posts I guess the board has died LOL
In any case here is what little I was able to find out.
Back after we read the article about Bates appearing in Indiana there was a follow up a month or two later where and attorney I guess hired by the town stated the company was essentially bankrupt and that any lawsuit efforts would only lead to judgements that they could not collect. They seemingly agreed to take no action in hopes that the company could pull something together.
According to GMC energy in Jamaica, and Green Force in Colorado they are still operating. It appears everyone has heard of this "restructuring" which we of course no nothing about.
I was able to dig up a post by someone putting together a pot farm using the solar mills for energy to grow inside. I will grab it and post it later on.
Hope everyone is doing well.
Also I believe it was last summer they promised financials would be out by Sept? then Oct? No financials as of yet. At what point does this get a warning on the ticker and delisted?
Very good post. The problem is if they keep trying to get the preferred shares out that means more dilution. Do we even know how many shares are outstanding now?
What level of outstanding shares are you using to come up with your 5 to 30 cents potential value on?