Realist
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.
Now its time for Reliability to collect. I like that the company seems to have a plan. Instead of coming out bragging and patting themselves on the back, they are moving forward properly. I am wondering if Reliability can take over the Futuris Company as payment for the amount that is owed to them.
All those people that now owe Reliability money are majority owners of Futuris. I wonder if Reliability can go after them and just take over Futuris and integrate Futuris into Reliability.
Is there any concern that the legal case Reliability vs Futuris major shareholders will somehow impact Futuris shareholders since all the judgements were against Futuris major shareholders. If the case were a best of 7 baseball series It would appear as if Reliability swept Futuris major shareholders.
I contacted Preya for comment but to no avail.
Now I am questioning what type of investor relations person Futuris has representing them. Just look at Preya website and it looks like a teenagers face book page. Nothing professional, in fact very childish and immature approach.
If JE has 10.1 million shares in total - he and his ex-wife, I would find it hard to believe he would even want RLNY stock price to go up if he in facts wants to acquire the company for Hudson Global.
If the Doki family and partners have to give-up their 270 million shares then JE becomes a major shareholder in RLBY and he can vote for HSON to acquire RLBY.
If JE is as smart as some of you have indicated, then it would be better for him to vote his shares in favor of a merger and let him make more money with his HSON shares which is a lot more than his shares of RLBY. HSON would be worth even more to him because as a RLBY shareholder he will probably get HSON shares for RLBY.
I do not know how an acquisition would be done between HSON and RLBY, but there is no way in the world would JE want HSON to pay a premium for RLBY. His stake and percentage in HSON far exceeds his stake in RLBY.
I must admit that I am not the one that mentioned JE's desire to acquire RLBY for HSON, I am just giving my opinion as to how a deal would transpire and the unlikeliness of JE wanting to see RLBY stock price go up.
But it all goes back to my initial question as to what did the arbitration provide to Reliability management, the company and its shareholders. We still do not know?
So before a few select individuals decide to criticize me for my posts, remember that I am only asking a question and RLBY management has yet to answer any questions, so go criticize them.
The company does not have to answer us.
My first question on this message board 2 weeks ago was criticizing the management team for NOT explaining what had happened and what it means for shareholders.
The 8K outlined the results from arbitrator, but we still don't know what it really means.
RLBY management not elaborating shows 1 of 2 things:
The end result is not favorable to shareholders or management does not care about shareholders or stock price.
Some may criticize me again by me saying management does not care about stock price. Maybe they don't. Management does not own many shares and therefore their level of care about stock price is not meaningful. Maybe the Board of Directors have a different idea for the company.
Lots of maybe's, but the one thing that is factual is that management is not communicating with shareholders and that is a negative for the stock price.
All the people on this message board that think RLBY will go up need to explain why it will go up. As for JR, if he wants the company,, it would make more sense for the company to operate the business normally, not do any financial public relations which will let the stock drop, then the company will stop reporting which results in low stock price and no trading and then JE would buy the company or just merge.
If JE is as smart as some of you on this message board claim, then why would he drive the RLBY stock price up. It would make more sense to stay under the radar.
If I had to guess, I am saying the current management team will continue to operate the company and when the DOKI's and others have to pay their debt to Reliability, they will negotiate by returning their 270 million shares and the debt will be forgiven, and at that time JE will just buy the company like a private company since there will be little to no interest in the public markets.
Since there are no institutional guys invested, there won't be any lawsuits because individual investors will not pursue a lawsuit. A couple hundred individual investors that own shares of RLBY are not going to retain a law firm to pursue a law suit. This is a small company so fee for lawyers won't be too attractive.
Since so many on this message board say JE is a smart business man, that is how I see him getting Reliability.
Only an idiot would pump up the stock and then have to pay a premium to buy the company.
You are an astute investors for buying SMME on the dip.
Yours Truly,
Art VanDelay
Can you imagine a meeting where Chaya walks into an office and sits down with executives from one of the top 3 credit card processors (as his/her press releases state that ONE OF THE # PROCESSORS is considering a deal).
On one side of the table we have him/her representing SMME.
On the other side we have top executives from one of the following - Mastercard, Visa or American Express.
The top executives from one of those 3 companies will just stare and try to figure out who or what is going on.
Your link is from a filing dated August 5, 2016
If you look at the latest RLBY 10K filing, that is the most updated and most recent, you will see under MAJOR SHAREHOLDERS Lone Star and Jeff E do not own any shares.
Based on all updated information, Lone Star and Jeff have sold all their RLBY shares since he filed back in 2016 and they own no shares today.
As I mentioned before, copying and pasting links is not what I am looking for and it shows a lack of knowledge on your behalf when you send me a link from 2016
I would respect you if you were to make a valid case for RLBY stock price appreciation, instead of thinking Jeff E is god. I would also love to understand your theory or calculations on how RLBY stock will appreciate and potential value.
I gave you some hypotheticals in a post when calculating revenues, value based on 2X revenues, calculations on a per share basis.
Do you have anything other than copying and pasting????
Your link is from a filing dated October 7, 2014
If you look at the latest RLBY 10K filing, that is the most updated and most recent, you will see under MAJOR SHAREHOLDERS Lone Star and Jeff E do not own any shares.
Based on all updated information, Lone Star and Jeff have sold all their RLBY shares since he filed back in 2014 and they own no shares today.
As I mentioned before, copying and pasting links is not what I am looking for and it shows a lack of knowledge on your behalf when you send me a link from 2014
Talling about Jeff E in such a positive manner is your perogative
1 - Jeff E is not a major shareholder in RLBY, in fact, I am not aware of any share ownership by him.
2 - Jeff E is not even on the board of directors.
3 - I am going to assume you are going to point out that Hannah Bible is the Chairwoman and she and Jeff E are business partners
4 - If Jeff E is the person responsible for Maslow Media / Reliability deal, specifically the reverse merger, it must be noted that Jeff E either didn't know what he was doing or he orchestrated a really bad deal for RLBY shareholders. No one in their right mind would allow Doki and the other majority shareholders to own 85% of a public company.
The entire business combination / merger / reverse merger was done in a terrible way which means whomever handled it screwed up royally.
As for think RLBY shares will go up - when I say go up I mean up with real trading volume in excess of $2 million dollars a month at the minimum, and stock price goes up at least to $10 a share, but the $10 a share can only be accomplished if Doki and those others have to relinquish their shares - which I don't know because the 8K did not elaborate.
As for your belief in Jeff E, I can point out at least 6 failures that he has had- My definition of failures is him investing at least $5 million in companies through Lone Star and those companies losing in excess of 75% of their market cap.
To that point, no one, and I mean NO ONE can guarantee a profit on investment, but in the OTC world, all odds are stacked against the public company and shareholders for a profit.
But I will admit this much - IF and I mean IF Doki and those other peoples shares are cancelled, then the company will have under 30 million shares on a fully diluted basis and that will make Reliability an attractive acquisition for a much bigger company. In my humble opinion, that and that alone is the play here.
If Reliability does $25 million in revenue this fiscal year it may be worth $50 million (2 times revenue) for a bigger company.
$50 million divided by 30 million shares is $1.66 a share.
But $50 million divided by 300 million shares, if Doki and others keep their shares) comes out to 16 cents a share.
Those Doki and others shares is a big issue and the only one I am looking for answers to.
So I ask everyone to stop copying and pasting me links to 8k.
I also ask everyone to stop telling me how great Jeff E is.
But RLBY may be a great investment opportunity if 270 million shares are either cancelled or returned back to company and if someone looks to acquire the company.
My fear is that the company will have to go and raise capital which will dilute shareholders, but that will depend on terms and who invests.
Good Luck to everyone, I hope RLBY management comes out front and clarifies what is going on
Thank you for your link, but your copying and pasting doesn't answer my questions
So I ask you - how many shares are outstanding
how many shares on a fully diluted basis
how many shares in the float
As for your speculation of a Doki BK filing is just that - speculation which means nothing right now.
Management needs to explain things. Stock going from 6 cents to 15 cents is for people in their basements buying and selling 50,000 shares and making a small profit, if they are lucky. My investments are much more than that and I need real answers.
You do know that 95.8 percent of OTC companies have a share price decline on an annual basis. What that really means is 96 out of every 100 companies on the OTC will either lose money for their shareholders or be out of business every 12-months.
Why would anyone buy GMBL stock right now considering they are doing a capital raise and the terms have not been disclosed.
The last capital raise the company did put the company into a death spiral deal which was evident given the stock price.
Now they are doing another capital raise and we don't know the terms, but you say traders on stocktwits are loading. Are they stocktwits or stockidiots
I am having so much trouble understanding the 8K the company filed and how the legal outcomes (decisions) impact the company.
I understand that the Doki's and the other people that own a majority of the company stock have to repay the company a good amount of money.
My question is = do those people still have there 270 million shares.
Is the company still have 300 million shares on a fully diluted basis.
Does Doki and the others have any voting rights if they still own the shares.
If they don't own those 270 million shares, where do those shares go.
I have to be brutally upfront and say that Reliability management did itself a disservice by not either issuing a press release that explained everything in detail, or at the very least have a conference call.
There are so many unanswered questions I have, which leads me to believe other investors also have.
As for the business, is management doing what needs to be done to grow the business, raising capital to expand the business or even make acquisitions, is management putting in place an aggressive financial public relations and investor relations strategy in place that will get new investors to buy the stock, are they moving forward with a Nasdaq uplisting.
What is management doing, because I can tell you right now after reading the 8K I have more questions than answers and while I am not criticizing management, I am not sure what the legal issues are, can still be and what if any resolutions have been done and just as important what are they doing for the business and the stock.
Why would consumers pay a credit card company to have a biometric feature in their card.
If your answer is going to be for security reasons, I would be remiss not to mention that all of my credit cards that I use, all have protection. If the card is used for nefarious purposes, any and all charges can be disputed by me and the funds will be placed into my bank account.
I am not going to pay money to a credit card company or a bank to have biometric feature on my credit card, THAT IS EVEN IF THAT WILL EVER BE A FEATURE. I have not seen any credit card issuers have that feature even available.
I don't know about Simmonds and how he is being treated in prison. I find it hard to believe that officers will let him be raped or even abused. John is a smooth talker and I wouldn't be surprised if he is 'bribing officers' with empty promises and some small side payments. I am assuming most officers, once they google JOHN SIMMONDS will see that he was a successful businessman with golf courses, horses, etc. It takes a bit of reading and homework to realize that Simmonds was a true con man.
Another Canadian con man that got his rewards is Raphael Huppe.
Google Raphael Hupper Stock Scam
Every dog has his day.
As for simmonds feeling bad for the people he stole from - The only thing that Simmonds is thinking about is his appeal and if there is any chance of getting out of prison at any point of his life. He can only hang onto HOPE, which means the people he screwed are meaningless to him.
pottsville
While I agree with you 100% regarding the scam that SMME is, one thing about your last post that the company can defend itself with - In that 2017 press release, the company claims it HAS CREATED AN ADVANCED BIOMETRIC CARD......
Since they claim they created it, it does not mean it was available for sale or even ever able to go to market.
The word CREATED meant absolutely nothing then, and it means nothing right now.
I do believe I found something that may have been done and continues to be done by Chaya that is in fact a violation of SEC laws, which if I am correct, will mean illegal activity. If anyone wants to pursue it - it would mean someone would have to retain a lawyer to file charges against Chaya, or at the very least write a letter to the SEC.
I am not sure spending money on a lawyer is in the best interest of an individual investor because the company does not have anything (they have no cash) that can be awarded, unless Chaya has personal funds that can be claimed in a lawsuit because her/his personal funds came from his/her actions while CEO of SMME.
I am looking into the potential illegal activity (online search) and will post my findings on this board over the weekend.
What are the SMME products.
Your statement may be true: FRAUD IS ON THE RISE.
But what products does SMME have to sell or offer, and who is going to pay for those products?
And what about your suggestions via message board posts a few months ago that stated SMME IS A GOOD TIME TO LOAD UP ON. If people listened to you, they would have lost more than half their money from 2 months ago, lost 80% of their money from 6 months ago and lost 94% of their money from 3 years ago.
Do you still stand behind ITS A GOOD TIME TO LOAD UP ON SMME, and if so - what is your theory givin the fact that SMME has no products, no partners, stock dilution will bring the fully diluted count to 2 Billion very quickly.
Will you answer me
Will you ignore me
or will someone delete this post as has been done to me so many other times on this board.
I am guessing the stock will NOT hit 0001.
One of 2 things will happen:
1. SMME gets Visa, Mastercard or American Express to use their so-called biometrics which we know SMME will then issue a press release, and based on the fully diluted shares, the stock will probably leap to 1 cent a share, which would give the company a $2 million market cap.
or
2. SMME will do a reverse split get the stock to 15 cents a share and then do the convertible notes again which are all at a discount to market which means the stock will go on its steady path towards 0002 and in about 2-years they will do reverse split.
I believe 2 will be the end result
The convertible notes that they continue to get allows the company to keep raising cash which pays Chaya's salary, travel expenses, bonus and petty cash, and the company expenses (i.e., part time CFO's monthly retainer, accountants, auditors, issue press releases, etc, etc, etc).
Meanwhile, they have no card.
They have no product.
There is no news report by an independent third party that even says anything about SMME partnering with a major credit card or debit card issuer, banks or financial institutions.
What we have here is a savvy CEO that attracts retail investors to buy stock on the open market so they can keep raising capital through convertible notes and equity distribution agreements, which are all DILUTIVE.
I think it is a precarious move on behalf of SMME to issue 4 press releases in July, all of which are for the sole purpose to attract new investors to buy stock on the open market, all of which is based on SMME's registration statement to sell millions upon millions of shares being declared "EFFECTIVE" by the S.E.C. on June 27
Mast Hill sells shares usually a week after the filing is declared effective because SMME has to place a PUT ORDER or DRAWS DOWN on a dollar amount they want to get from Mast Hill.
Mast Hill gets the shares from SMME
Mast Hill sells the shares on the open market
Mast Hill keeps a percentage and SMME gets a percentage.
The price that Mast Hill sells the shares at on the open market is inconsequential because they get a percentage and SMME gets a percentage.
This type of a transaction always (100%) drives stock price down because the financier (Mast Hill) and the public company (SMME) are guaranteed money. The stock can keep going down because the price doesn't matter.
write this into your calendar - SMME will be doing a reverse split within 2 months and they will continue to do these types of financings.
It's called a DEATH SPIRAL because the stock price keeps going down, just like the feces in a toilet bowl.
The price just goes down and down as long as retail investors keep buying
Smartmetric is WORKING ON ...
Once they say WORKING ON it means they are working on something, but have not provided a date.
From a legal point - they can WORK ON things forever. If they dont give a date when something will be finalized then so be it.
Legally Chaya is not doing anything illegal.
Chaya keeps claiming factual information, most of which is based on market studies and white papers. Fact is (s)he copies and pastes wording from other sources, all of which are true, BUT HE/SHE never states that SMME has any proforma or deals associated with such facts.
It is STATING FACTS WITH BIG NUMBERS in your company press release, but those facts and big numbers have nothing to do with SMME in any way, shape or form.
Legally, (s)he is OK, but Press releases are misleading to a novice investor or even someone that doesn't understand the wording precisely.
Another fact that you can bank on is SMME needs to generate as much liquidity in the stock on the open market as possible because Mast Hill will be selling stock they receive from SMME as part of the last finance deal. Thise shares are or will hit the market and that means Mast Hill will drive the price down if new investors don't start buying the stock.
Interesting press release today.
I think it is awesome that the market will be $5.765 Trillion by 2026
What does that mean for SMME?
The market can be $100 BaZillion, but if they don't have a product then the market size is immaterial.
SMME filed a prospectus with the S.E.C. today (this is a fact)
SMME is offering, as per the prospectus, 30 million shares (this is a fact)
The additional shares will dilute current shareholders and raise more money for the company (i.e., Chaya - this is a fact)
SMME has raised $27.4 million, as per the last 10Q filed (this is a fact)
SMME has ZERO sales in its company history (this is a fact)
Donovan had no choice but to sell.
Spine Injury Solutions had a debt to one of their board members in the amount of approximately $300,000.
By selling SPIN they got the money to pay off the board member.
Donovan failed - that is over and done with.
This new team comes in and pays the $300,000 for SPIN so a reverse merger can be done.
For this new management team to dilute everyone this much is in my opinion a way and opens the door for them to do a reverse split and that will result in this new management team owning all or most of the company. This action or decision basically diluted all SPIN shareholders out of any possible profit.
As for Donovan and Spine Injury Solutions - they failed.
But that is over and done with.
It's old News and not worth ever mentioning ever again.
It is what it is.
I am done posting on this Board. Bitech (Otc: SPIN) needs to get their business moving forward, hire an investor relations firm to attract new investors which will generate trading and that will open the door to some financings and that will bring capital into the company.
It is what it is
Good Luck to all
What is the product?
I never said the product is crap so DO NOT put words in my mouth. I do not even know what the product is.
My criticism is the shares management issued to themselves which has diluted the investors very much here.
I guess the new owners buy SPIN public shell for $300,000 and they feel they have the right to dilute the shareholders to 4% ownership. No investor will ever trust management now which means the stock price will never appreciate.
My other criticism is that the CEO is on this message board posting which can be a violation of Regulation FD. Before you tell me he hasn't disclosed anything serious or inside information on this message board, first go and see what Regulation FD is in totality. Refrain from arguing against, be-littling me or acting like a TOUGH GUY behind your computer screen.
And by the way - What is the product?
even if the NEW CEO fixes the business, the EPS (earnings per share) would be very very minimal due to the dilution.
INVESTING 101 is not only based on a successful business, it requires an amount of shares outstanding and in the float that permits a rise in the price.
A company with a BILLION shares usually means low stock price.
And furthermore, the new CEO is NOT fixing the old SPIN.
SPIN is done and out. Bitech is BITECH and the only thing remaining is SPIN ticker, nothing else. truth be told SPIN was a tightly held company that was mis managed. bitech right now is a failure because of the share structure.
And I do not know how to fix that right now.
It does not need to be insolvency in the "OTC" world.
As an OTC company SMME is allowed to borrow money, via convertible note, which allows the investor to sell shares on the open market.
The convertible note for lack of a better term is a death spiral, meaning the stock will be sold at lower share price numbers but the investor keeps getting more shares.
In simple terms - Chaya sells shares at a discount to market.
The investor sells the shares and keeps giving new convertible notes.
retail Investors (mostly uneducated and don't understand convertible notes) will buy shares on the open market allowing the investor to keep giving money to the company.
The stock will continue to go down, and at some point the company will do a reverse split and the entire process keeps going.
The CEO of the public company is happy because (s)he keeps getting money.
The investor keeps giving money because he gets shares at a discount to market which guarantees a profit.
It's a suckers game - the suckers are retail investors that read press releases and believe something or have a pipe dream
The company issues a press release on friday regarding their biometric card.
Not ONE card has ever been sold.
Not ONE card is even in the market.
The company filed a 10Q. It would appear as if the company raised over $900,000 recently. That was raised at a discount to market based on VWAP, which means a couple hundred million shares with be sold into the market by the investor (Mast Hill Fund Company) that gave Smartmetric the $900,000. The share price will go down because the investor will sell at 10% discount to market in tranches. As the investor sells, he gets more shares,all based on the VWAP which means he bets shares cheaper and cheaper for every tranche the company gives him.
It's Like a Death Spiral for the stock.
The beauty is that the company spent about $285,000 for the 3-months ended March 31 on salaries and expenses. Salaries go to Chaya Hendrick.
The expenses, other than costs of press releases and accountants, are business expenses (travel, meals, etc) all benefitting Chaya (man, woman or other)
The past management, specifically William Donovan failed.
That is old news.
The new management, specifically Benjamin Tran has only did one thing from a corporate perspective, and that was award himself many, many and I mean many shares.
I am old-school capitalist which means that you have to prove yourself worthy before being rewarded with shares.
People that award and reward themselves pre-success and individually are pre-destined to fail.
I am wondering if Benjamin Tran spent cash to buy SPIN and figured he would award himself millions (billions) of shares and sell those shares over time and take stock loans, even at pennies per share because the investment for him personally is still profitable, but that profit would come on the backs of individual investors buying the stock on the open market.
To use simple calculations - Mr Tran spending $350,000 to buy SPIN when it was 14 cents a share is an investment.
Mr Tran giving himself 1 billion shares means he can sell or take a stock loan at just 2 cents aa share gives him $20 million dollars.
Yes that is correct - 1 Billion shares at 2 cents a share is worth $20 million dollars.
Obviously he would want more than 2 cents a share, but after he takes in some convertible notes and gets millions of shares trading daily, he will be able to sell his shares, based on percentage he is allowed to sell based on liquidity and trading volume, he can net himself a nice personal profit.
If I am wrong about the 1 billion shares and its only 500 million shares at 2 cents, then its only a $10 million profit.
Whatever the real number is, or will be, is meaningless. He awarded himself many shares and now we can see what he does with the company
I thought the CEO was not going to waste his time on this board, yet he comes on again and makes a post.
Looks like he can not control himself, much like he couldn't control himself with awarding himself and other insiders with stock to an unprecedented level.
CEO can not even follow his own words (i.e., previous post on this board).
yet another sign of an inept CEO.
Mike
You should never assume to know with whom you are communicating with. To say I don't understand capital markets is an absurd statement to make.
My intelligence, as clearly noted in my posts on this board, have without question intimidated you to the point where you are trying to attack me by bringing up DONOVAN.
Get over Donovan and focus on Bitech and what the CEO has done already so far.
That is all that matters here.
Amigo Mike - i will give you a lesson when it comes to capital markets: There is a reason the front windshield is much larger than the rear view mirror
I have bones to pick with CEO's that decide to award themselves billions of shares without a shareholder vote.
I have bones to pick with CEO's that decide to speak to a BIG SHAREHOLDER and disclose that candid conversation to me as if the big shareholder is more important than I am.
I have bones to pick with CEO's that structure a company where the ceo personally owns shares and then his other company UNITED INVESTMENT CAPITAL gets shares and then the same goes for a Board Member Bernice Nguyen and his/her private business gets shares.
They did these stock awards to gain majority ownership of the company which ensures they vote on everything and get everything they want passed. I have SERIOUS BONES TO PICK with such characters and private business dealings.
I have lots of bones to pick here
Is the Contactless Biometric Fingerprint Activated Credit Card going into the market or available.
Nothing, and I mean NOTHING, that SMME has announced via press release EVER, and I mean EVER made to market OR generated any sales. Truth be told, NOTHING has ever gone to market or generated any sales.
SMME has ZERO products in the market and ZERO revenues generated.
They've issued many press releases, but nothing has ever transpired.
SPIN CEO does not know public markets as he mentioned in his last post.
Regulation FD has nothing to do with INSIDE INFORMATION, or things that are public or private.
Regulation FD is put in place to ensure ALL investors, current prospective, are given the same opportunity to read managements comments, regardless of those comments having non public information.
8K's, press releases are considering in accordance with Regulation FD.
Investorshub may not be considered in accordance with Regulation FD, so instead of bragging how smart the ceo thinks he is, he should consult with his SEC Counsel and know what Regulation FD is.
Then, to claim he had a conversation with a BIG shareholder and had a CANDID TALK is 100% wrong. That is basically a definate violation of Regulation FD. I WANT TO KNOW WHTA THAT CONVERSATION CONSISTED OF. I DEMAND TO KNOW. WHY DID THE CEO NOT HAVE A WEBINAR OR A CONFERENCE CALL WITH ALL SHAREHOLDERS. Is this new ceo hand picking who he speaks with. That is a violation of Regulation FD. Why did I not have the opportunity> This big shareholder seems to have an advantage over me already which is a violation of Regulation FD.
Regulation FD requires all shareholders equal access to information. So you see, when a CEO trys to show-off how smart he is and makes comments to that, he can make himself look like an idiot.
In his last post he wrote - I won’t take any more of my precious time here in this chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.
That is a sharp turnaround from his original post where he wrote - My communication style will be very direct, straignt forward and speaking the truth as an avid entrepreneur who wants to build a great company long term in alignment with my vision on how to grow Bitech Technologies (OTCQB:SPIN) to the next level of growth. It is Saturday night my time in California and I’m writing this note as this is my dedicated work ethics and I do care for all shareholders of SPIN.
Lots of back tracking already
And then he has the nerve to write the following: I won’t take any more of my precious time here in this small chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.
This guy claiming this chat room is SMALL which is not important ? Meanwhile you opened this door by posting on this chat room.
He thinks this chat room is small and not important by his own admission and he also considers a big shareholder more important than every other shareholder since he had a long candid conversation with someone and that someone wasn't me and the other hundreds of investors.
you may want to hire someone to handle your communications and press releases because so far you have an F grade and you may be in violation of Regulation FD.
Educate yourself on what Regulation FD is and what it is not.
In cacse you need to be taught something: What Is Regulation Fair Disclosure (Reg FD)?
Regulation Fair Disclosure (Reg FD) is a Securities and Exchange Commission (SEC) rule designed to prevent selective disclosure by public companies to market professionals and certain shareholders.
You violated the rule by speaking to a big shareholder already and excluding everyone else.
Amigo Mike
I have owned SPIN to the tune of 825,000 shares and over the years and during these years I have bought and sold the stock. Sometimes for a loss and sometimes for a profit. I was really really hoping that when SPIN was going to do a reverse merger they would have done it with a much better company than Bitech.
SPIN was a very clean company when you looked at the share structure and them not having bad debt it was a good company for a reverse merger.
When I saw the Bitech announcement I got really pissed off because anything to do with Crypto, mining, NFT's and all the other things in this space are not successful to date. Not one company has proven to be successful in their stock price.
There are some companies that generated revenues, but none have real revenues. Real revenues meaning $25 million annually at the very least.
And when I see a CEO making a statement with absolutely nothing concrete and he refers to a large shareholder it is very disingenuous.
I am not a big time investor. I have about $175,000 in the market but I also take money out every year. I've had a profit every year for the past 6 years and while it is NOT big time money, I like to make a profit even if its a small profit.
This deal with Bitech is a head scratcher to begin with and when I read this post I was furious initially and now I am worried that this CEO is obtuse
To SPIN CEO
Is posting on InvestorsHub.com in accordance with Regulation FD?
How many shares does the company have, as of TODAY, on a fully diluted basis?
How many shares are owned by insiders and how did insiders receive those shares...In other words, how many shares do the top 5 insiders own and what was their cost basis?
You mention you spoke to a BIG SHAREHOLDER - who is that shareholder? I do not want you to reply to me that his or her name is private - you brought up the topic so I expect you to disclose with whom you spoke with because I want to verify it personally?
Comparing yourself to QS is a bad idea because no 2 companies are alike. Their balance sheet is strong while yours would seem to be upside down. QS stock is down significantly in the last 6-months alone - In November it was $40 a share. Today it is $12 a share. That is a bog loss so for you to use them as an example I would be really really worried. In December of 2021 it was $125 a share. Not a good company for you to use.
As of right now, I don't have much trust in you because posting on a message board may actually be a violation of Regulation FD.
Putting that aside - your words were just that WORDS.
I want to see your responses to my questions in this post and then I can give my honest opinion.
Does SmartMetric have revenues.
It would seem as they have been in business for many years and they have issued a lot of press releases and they have raised a lot of money from toxic financings but I do not see any revenues?
Does SmartMetric have any revenues?
Managfement that worry about shorters usually means the business will do nothing great.
Good businesses with fundamental operations will provide investors with fair valuation.
As for SPIn or whatever the new symbol will be - 1 Billion shares outstanding means if they do $50 million in revenue, which I cant even imagine them doing 500 thousand, but lets say they do $50 million and they have $5 million in NEW profit, that comes out to $.005 a share profit.
Give that $0.005 a 20 multiple and the stock will be 10 cents a share.
When investing in a company, people to be made aware of fully diluted shares, convertible notes and multiples that are reasonable.
You are looking at a company that has ZERO in revenues so $50 million is highly unlikely which then means .005 a share on a fully diluted basis is highly unlikely which means 10 cents a share fair valuation is highly unlikely.
I am sure someone will disagree and call me names and say I am shorting the stock or have a hidden agenda.
I am sure the company would love to disagree but unless they show revenues and profit, I think management can't refute my words in this message post and they will operate their business and start issuing press release and hire some investor relations EXPERT that will attract new investors and drive the price up.
Most of the people on this SPIN board have no idea what CrytoCurrency or crypto mining even is.
Most people on this board have no clue as to there will be about 2 Billion shares outstanding when all is said and done - all of you bagholders will be diluted.
But don't worry because there are Preferred Shares and those shares are held by the new management team so when everyone else gets diluted to 0001 a share, this new management team will do a reverse split and then convert their preferred shares to common and they will own the stock and those of you owning SPIN shares will be reversed into a handful of shares.
Oh, and if I didn't mention it before - this new company has ZERO revenues. They have an idea and you suckers are buying into this rhetoric of a growing company.
For Heaven's sake wake up and invest in companies you understand and check out their cap structure
BOTTOMED OUT you say.
This stock will be back to 30 cents within 2 years and then they will do another capital raise and another reverse split.
Anyone that thinks differently does not understand Investing 101.
This company can do $100 million in revenue and the stock will go down to 30 cents even faster than 2 years.
Does anyone know why the stock will go down to 30 cents quickly? The answer is because they need to have capital to support the sales increases because they need inventory.
Management will not take on additional debt because their balance sheet does not allow dent to be taken due to inventory levels and cash flow needs for the business and since the CEO has less than 1.5% equity ownership he would rather keep diluting shareholders and not add debt.
Anyone that thinks differently needs to explain to me how and why the stock will go up, keeping in mind that TBLT was over $2,500 a share (that is two thousand five hundred) a share on a pre reverse split level.
Yes that is $2,500 dollars a share in last 3 years all the way down to $13.20 based on reverse splits.
How can the stock go up if the last capital raise they did was at a discount to market and the price re-sets every time the investors gets their tranche of stock. The discount to market will continue to make the stock go down. And to add insult to injury the investors are legally allowed to short the stock to ensure and insure they make a profit on every share they sell with the spread. The investors that participated in the last capital raise do not care if the stock goes down because they LOCK IN their profit with the short. Those same sellers HIT THE BID which means everytime a buyer places an order to buy shares those sellers SELL and even if the price is low it does not matter because of the short position.
What and how is the stock going to go up.
Who are these so-called analysts that say the stock will go up. Is it by chance the bankers that handled the last capital raise?