Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What does 975000$ in subscriptions for 436 million common stock mean
According to their form 1a they are 15.6 million in stockholder debt and 3.6 million in defaulted notes/convertibles.
In December 2020 subscriptions of 975k and issued 436 million stock to 27 investors.
In November 37400 dollars and 10 million shares.
At 7 cents and 700 million o/s that's 49 million market cap...
975000 for 436million shares though works out to .0022 per share which is what tis what the original 13g said before their share price spiked and supposedly got increased to 11cents a share or 22 million shares for 2.5 million...
Looks to me like they are actually selling shares at .0022 and in December alone have sold 436 million...
Now... It looks pretty bad to me but.,. 18 million dollars in det isn't necessarily game ending if the product is good... Or if there was buyout interest... But ya...
And also if they are in default 3.6 million and have only actually paid off 975k... Dilution is only 33 percent done...
Read the 1a form lemme know what u guys think
What does par value mean
Pretty sure they get 40m shares at .0001 so it's just a shit ton more dilution...
Every 13g I have seen has meant bad news.
The wierd part I don't understand is how dilution is possible when the first 13g said it was 22m shares for 2.5m bucks which indicated a share price of 11cents...
What happened after that I have no idea.
Realistically the OS is now over 500m and anytime this breathes for an hour we climb a cent or two and it gets diluted back another 3 or 4 cents.
It's pretty bad at this point and technicals are all well and good except this isn't the Nasdaq it's OTC. Charts mean shit when shares appear out of thin air for whatever price the CEO decides for the day...
If you invest here you are not betting on the product or the company or the technicals... You're betting on the CEO actually building his company and this being his flagship product despite the past showing he could give 2 shots about whether or not the SP is 10$ or .0001 since it's OTC he can make a profit...
I've seen it happen now everyday... It runs a cent then plummets... Runs a cent then plummets... Unless this somehow gets a huge boost from an outside public face it won't be allowed to breathe. Unless mark decides he can make more running the company properly than selling millions in pennies it won't happen...
That being said I'm locked and loaded. More so jammed and fucked but either way see you guys at the end.
if there ever was a merger or SH letter... the CEO of this shell announced a bunch of shit before a merger was confirmed... rocketed the share price probably unknowingly to his potential partner and spooked em.
don't see any news coming out til mid-late jan if anything happens.
glta
this ain't just ihub dumpin my guy xD
welp we'll see how this plays out lol
MM's fleecing ya'll selling.. this is called a shakedown...
No... the price it is currently at is reflective of the majority of shareholders wanting to hold on to their shares and not sell or buy them anymore.
Share price won't be reflected in revenues until we see reported earnings though correct?
What exactly affects share price in regards to company value?... Could a company not just declare less revenue and take more profits for themselves or what's the short answer to How does share price reflect earnings
imagine when biden legalizes it federally
put it this way... if there is this much manipulation it is something worth manipulating...
if you're in over 11c be patient.
if you're in under 11c be patient.
it has eyes on it which is all that matters.
i'm going to be holding a modest amount for a long time. no reason not to.
good news :)
MMs seem to want this at 8c for a reason. Expect that to be bottom..
institutions are in at 11c there's no way it settles below that.
hope for no walls from those buttholes... :)
only way this breaks out is if those dudes stop puttin walls up
which means they will buy in now... and short again at 30
what is dilution? selling far under market price?
how do we tell dilution vs shorting
looks like a consolidation day @ 10c
someone posted a question i offered an answer...
if you do your research sfor is a web based video conference not an app
can you just enlighten me?
why hasn't the otc site been updated in 4 years and why isn't their a website...
does smell fishy.
look at the trend so far man... it was at .01 it went to .1 then dipped to .05
it went from .05 to .2 then dipped to .1 (current)
you can now expect it to go to .35 - .4 before (if product is shit) dipping down again to the .2 range...
2 bull flags on the 1H chart...
.01 - .048 jump dec 9 - 11
.05 - .09 dec 11 - 15
expect .2 - .25 by friday if the trend continues.
this company making money?
why didn't they have pre-orders or something lets see some numbers...
nice volume
I saw profitable 3 quarters in a row and decided no harm in putting in just a casual 100 bucks...
i didn't do any DD, just watching volume / pre market. i looked up the company but have no idea what outlook is.. or what kind of market there is for their products. lol
this got on my radar through SWRM.. parent company holds both
yeh i got in @ .116 we'll see.
might be associated with the SWRM hype.
im not saying it won't succeed. i'm saying you saw a huge sell off EOD for a reason. It may gap up and you will see another huge sell off...
has to build strong supports all the way up and a gap of 1c in a 5c stock is 20% and someone somewhere is sitting with a huge short position...
I believe it will fill the gap and climb. Calm your emotions this is stock trading not a sitcom.
filling the gap is from the previous day not same day fill...
and i already got in healthily under .03 i'm just saying i've seen the hype a hundred times for tons of runners and usually there is a day or even a half day where it dips hard.
don't chase and be happy with your positions fill when safe.
because its math.
i got in under .03.