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Good morning,
We are churning very nicely and what is needed to nudge ahead and maintain support, which will be at .0013.
At .0014 our MC is $679k. Man! Is this undervalued or what? It's unbelievable, but not unexplainable.. See, we are in a dormant stage. We are waiting for symbol/name change and when this happens all hell will breakout. I'm going to change my target from .005 to .01 and this will materialize by the end of the 2nd quarter.
The company (TKMO) projected by the end of 2024 our rev will be around $5m. Now, if this becomes a reality, our MC at that time with probably be, 500m O/S +MC of $5m is a share price of .01. So, in very radiational thinking this is very achievable, but forget about the projection to .01 share price just consider every tick between .005 to .01 is a target. Now you may think this is out in far reach, but what is current within a 2–3-week period, we should be at .003 to .005 and this is a MC at .003 =MC of $1.5 to $2.5 at .005.
All we need now is the marriage license.
Have a good day,
varok
Just got back. Looking real good.
Have a good day
varok
I agree.
Well, where would he sit. He is going to do what MMs do and that is play on emotion. We closed yesterday at .0009 and he will open at .0009 and work one tick at a time until the pressure increases.
Well that only means they have nothing to say or release and besides it would be mundane to just release before the name/symbol change which they have no control. They filed and it's in FINRA's purview.
Even the company is in the waiting mode and many companies operate in the silent period before things become active. I believe we are in this period.
Have a good day.
varok
Good morning,
Yes, that is correct on the note not the bear.
However, it is an announcement that will chew those shares up rather quickly. Remember, shares just can't be dumped, it follows certain SEC requirements, % dictates volume = convert. So far, we haven't had the volume, so it becomes extremely difficult to move those shares into the market. I believe that the announced name/symbol change will disseminate those shares into the retail market. But it has to come with news, or we will sit here for 10 years. lol
With the right timing and news, those shares will move rather quickly, and the note holder knows this as well as the company and why before anything else news will dictate the convert resolve.
Have a good day.
varok
My theory on BLAS and our new entity TKMO
When a Market Maker that generally isn't a market participant and shows up with respect to BCNN, who is going through a transformation, usually has a connection whether it's the sponsor or a large holder of a note that is aligned with the company directly or through an institution and holds securities, comes into the field of play. In this case, due to upcoming name and symbol change, will become a market maker and make a market. it will be and believe it is some dilution.
Either way, it is a Market Maker that is new and since we have been trading on very low volume for the last few weeks, like being in limbo, while waiting for the actual event, then this Market Maker who hasn't been around, now shows up. In my opinion is a very good sign that we are about to get back in regular order.
Now, there is a possibility that the company earlier did mention that they have up for sale to interested buyers 500m shares at .001 and I also believe this institution BLAS is a buyer and looking over the last couple of sessions and today we dipped to .0009 with no volume to speak of, but .001 one tick away appears this may be the start of this buy and BLAS being an institution may very well exercise the option which is very good. They may have a large holder and that denotes a participant in the know.
During my days with M/A makes me feel this may be the start of the new company with major interests.
This is a very good event and looking forward to what will actually come about and feel we are on our way.
Have a good day
varok
BLAS showing up.
https://www.sanblassecurities.com/about
Is meaning that we may get our announcement shortly to play into the run. In other words, something is about to happen.
They are players and usually parallel with news or events. Holders of a large player or company sponsor.
Have a good day
varok
Good morning,
We are churning on resistance at .0009 and this is a good thing. The post below provided by BA has huge potential and very positive to say the least. However, the update indicated meetings for this week has sent a mild shock into the momentum, which this issue is all about.
'Tonner-One World Holdings, Inc. 3.0
@TonnerOWInc
$TONR CEO Update: My team will meet with AI & digital tech firms this week as we narrow down potential partnerships or mergers. Fully committed to merging with an AI provider; it's the optimal path forward. Stay tuned for progress updates. #BusinessNews #MergerUpdate #TONRArmy
10:03 AM · Jan 22, 2024'
Consider this as a point to average in and for fence sitters is a good entry under .001. Take advantage on these pullbacks. It will get better as we move into the week.
Expect target .0013.
We move forward as we are churning out the .0007 and .0008, due to this and profit takers taking from lower .0006 feel emotional. The run will happen, and impatience has taken over the trading session for this Monday. Resistance .0009 will be our holding pattern, possibly .001 for a nice close, but the volume will be nil on .001 until further announcements.
Have a good day.
varok
Good Saturday morning,
The momentum for TONR is on call for a major breakout for the week coming. Why is this?
There are a couple of reasons and one being, probably the most important is the Momentum concept. Momentum is the chief driver in the penny arcade regardless of business model or share structure. Now with that said, the share structure for TONR is maxed out on both levels. A/S is 7B and O/S is 6B. Forget the share structure for the moment and just follow the momentum and why.
When momentum peeders out, then and only then is when share structure becomes the actual focus point, but this will come into play well beyond momentum and will be cause for concern. When we have all left and taken our profits, this issue and the business model will determine the direction for TONER. No worries about this in the coming next 2 weeks.
No matter where this issue goes from here, it will always drift back to real math and not the hyperboles that are disseminated throughout message forums. The only thing that matters is O/S verse MC. And this only matters after momentum. To be realistic. Let's say momentum sends this issue to .005, this equates to a MC of $38m, although this not in the realm of going there within the next 2 weeks. However, the sustainability of .005 will never hold and ultimately, as with most runs that are parabolic, will return or drift down to more rational and solid share price that determines the real business model that correlates to ROI. We do not have that here and only time will determine this. So, we have momentum, and this is the play.
Friday was a good day. We have had strong churning in the .0008 range that took out many bottom feeders and dipping to .0006 allowed us to realize firsthand that .0006 is a hard support area and resistance of .0009, which I believe, we will go through pretty much with ease in coming week. A great sign for higher highs.
Much depends on a catalyst from the company and the 8-K in the coming week will determine and other tidbits will certainly play into this next run above .001, which I feel we will break on Monday in the early morning. Momentum is the driving force with this issue and that always brings in the behavioral patterns of your traders that take profits at points of 3-5 clicks. The catalyst will dictate the run, but remember, the pullbacks are equally as well a major prevailing wind that will play on your emotion. It is here where the professional traders know how to navigate within the turbulence of the penny arcade. Remember the 3-Day Rule.
I see a high for Monday-Tuesday .0013
See you on the trading floor on Monday.
Have a good day.
varok
The churning on .0008 is extremely positive and is very indicative that this issue is going higher and very well could close at .001+. The churning at .0008 was an absolute must for us moving higher and took out the bottom feeders below .0006.
Next week will be looked upon as a solid base and if we get any announcement certainly will give us new highs. So far very promising indeed.
See you on the trading floor Monday.
Have a good day
varok
I can see .001.
Momentum is working in our favor and a good level. Many have already taken profit at .0005 so we should reach new highs. With new support, however resistance will be .001, unless something major gets released from the company and will go much higher. A catalyst is the key after today's session.
Have a good day
varok
Good morning
Momentum is going to carry this issue. There will be a spike on the open and the chase will begin.
If you are considering an entry, watch this on the first 15min at the open and wait for the morning lull, at around 10:30 to 11:30am for a more opportune entry.
All momentum trades fall back for consolidation. You need the churning on this one. Take profit before today's close because Monday will be a major shift.
Have a good day
varok
I agree with everything you have stated in this fine post. I came out of the M/A with 10 years around 2000. The movement on shells within the marriage is accurate as you have mentioned. As well, when the DC morons decided to mess with their arrogant so-called solutions to their madness upset the total apple cart and what we see is an imbalance for upcoming small business and the inexpensive entry into the public trading venue became a real sore point with many. Well said.
We are getting close. Any day!
Have a good day
varok
Got out just in time. Caught wind of this and didn't want to stay. Been a good day.
My target of $! by end of week is no longer rational.
My instincts worked on this round.
Have a good day
varok
Walked (.14) into this one at the open, not too sure what to expect, but now appears this is one phenomenal run and I predict we will see a $1 by the end of this week. Later on, in the morning, saw coverage on FBC, then I knew I picked the right time.
Why i say this is very simple. The buys and profit taker sells are being gobbled up in an instance. In other words, we are churning rather nicely.
Have a good day
varok
Remember this PR from May 17 2024.
TEKUMO ANNOUNCES STRATEGIC PARTNERSHIP WITH LEADING IT MANAGED SERVICES PROVIDER
Press Release | 05/17/2023
NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Balincan USA Inc. ("Balincan" or the "Company") and Tekumo announces a partnership with the largest third-party Managed Services provider to the Retail Industry. They support IT store technology in enterprise retailers, including Top 10 North American retailers, in thousands of retail locations nationwide.
The name/symbol has to be in place before they can announce this. Interesting isn't it. Hmmm
Going to be a great week.
Good Monday Afternoon
I understand some impatience is settling in and a few continue with various reasons why that may be. Asking why aren't we running with other penny stocks?
First and foremost, you can't equate one penny stock from another and expect an answer. Every penny stock has its own particulars and runs on its own individual timelines.
All penny stocks first run on momentum, and this is created from pressure on traders moving in and out in herd mentality. Welcome to financial forums that contribute largely to this great venue in trading within penny arcade. Do not follow the herd unless you're in at the right and very optimum entry. Too many traders it seems to enter within a going run, but an entry that has already maximized the based-on momentum that flushes out because of anxiety, emotion and temperament the need to get in. Most folks lose and with the strong emotion to get onboard only to fall victim to the falling knife scenario. The 3-day Run.
Ask yourself why you are here.
* You are on board before the great run.
* Your holding is on the floor level and that my fellow traders are where you want to be, before the herd. The latter will come, they always do. This will set up the momentum.
* We are in a position with a brand-new company with solid financials.
Why we are going to make it in the foreseeable future (the next 6 months).
I expect the name change and new symbol any day now. I have given my reason why and really believe with all the impatience; it will pay off.
I have written many articles on trading in the penny arcade and feel this one article that I wrote back in 2000, is proper in the current realm of TKMO and how to play this great penny stock.
* The 3-day run........
3 DAY RUN-UP TRADING
Why not to buy a Stock after a 3-day run-up.
Here is a usual scenario on how this may come about.
After a stock has been trending down or trading flat for some time, suddenly one day it starts moving up, it continues up that day and then next day. On the 3 day of this run, it goes up, but for only the first 15- 20 minutes, then it drops for about 30 minutes, turns back up, but doesn't quite reach the morning high. After this period, it usually will trend down, and the run is over and in most cases this stock has finished it's 3 day run.
This program will work in most cases and does apply.
So, if you're a buyer, this method will keep you from getting Emotional into buying a stock that has ready peaked, only to drop right after you bought it and I'm sure, many of you had this happen when buying stocks. This is what is referred to as " Chasing an Issue". If you already own it, it gives you the timing to get out with usually the best profit or close to it. Whichever case applies, decide whether you want to buy it only after the drop. Depending on the stock, it can drop for a few days, and may take some time until the next 3-day advance. Be assured, that in pennies, this has been repeated over and over again with many of the same issues. This is what you have a "Watch list for" to track issues.
The rule here is simply to let you know it is over for now.
The next time someone mentions a stock, look at a chart and see how many days it has been going up. If it's not the first day or maybe second day of the run-up, stay away for the time being. In the first 15-20 minutes after the open of the 3rd day, the issue will usually drop or in most cases just stall...Now of course you must determine this by seeing if a PR and the strength of such PR warrant further advancement, but from the history of most penny stocks, these PRs only have a very short run span.
Although, the system is not perfect it does help in timing.
Sometimes a stock continues up until 20 minutes after the open of the 4th day before it drops. Selling your stock 15-20 minutes after the open of the 3rd day of the run-up is usually the high or close enough to it. You will go broke trying to find the exact top or chase into a run, forget about it and leave your emotions out of the trade. It is in this segment that Greed usually plays on your Emotions and Anxiety. Play the 3 P's.
And how does this help in buying?
Well, that is a little more difficult, but the system does work. It is mainly there to protect you from being a "Stock Chaser". But the system will work, and you must apply discipline.
Go to any stock website and look up a few stocks that are up....
Jot them down...I only do this with OTCBB market stocks but does work on most issues.
Next, I take my stock picks and go to any chart site to look at a 5-day history. The 5 days gives you a nice feel of the trading chart of the last 5 days. Notice why the 5 days compared to the 3 days. This is so you will see the up or down on the 2 extra days and can avoid the pick. Look to see if it is the first day of the run-up. If it is the second or third day on an upswing, forget about it, since the above method has completed their run on these stocks, and you will be only buying into a run or when it is reading to peak.
If I have any choices left, then go to a chart to see a 1 year and a 30-day chart to get a feel of what the stock has been doing. Keep in mind that the past is no bearing on what a stock will do in the future, but it will give you an idea...This also helps in determining what if any reason for volume and price spikes or drops. Some chart sites allow your cursor to move along the graph for pertinent data with actual numbers.
My last stop is always the message boards, and my favorite was RB, but now I go to iHub and there are others. It is here where you can get a really good idea why there is interest or reason for lack of. I don't rely so much on what is said on message boards and ever react on my decision to buy or sell. However, these boards do give you a sense on what others are thinking and many will go above and beyond to gather up DD.
After you have made your picks on which ones to buy, I have found that mid-afternoon is always an excellent time because of lunch and the morning rush has calmed down. The mid-afternoon session is slow before a strong rally that many times comes before a close. I have found mid-mornings are also good for buying, but still leaves many with high expectations that moves a stock for no other reason than emotional buys and it is this play that you want to stay away from.
Now stay on top of your picks and see if the next day it has moved up and determine the volume. Determine if the highs are higher than the close and higher than the highs of the previous day.
On the third day, I sell it 15 to 20 minutes after the open to take advantage of the morning gap. That's pretty much it.......If your inclined to trade the same issues again, wait for the next above program cycle.
Not all stocks go up for 3 days. Some just flatten out and when this happens, just get rid of it after about 15-20 min. from the open on the 3rd day. If you fail to exercise this, you will be left with major % loss and may never recover. So, a little loss is much better than an overall wipe-out.
Stocks that suddenly go up and you see there has been almost no volume the days before the sudden rise, this is usually indicative of a sign that a newsletter picked the stock, or it is being pumped or hyped. The lack of previous volume makes the stock spike up.
This 3-day rule is a universal application and to each its own method of how one should conduct such a process.
Good luck and solid trading and as always, apply sound DD, but keep your Emotions and Anxiety out of this arena and trade for profit not greed.
I hope that this will help many to be able to at least maximize profit taking.
We are heading into a new setting in the next couple of days and TKMO is definitely going to get its day as a great penny play. Hang on folks and trade smartly.
Now the chase begins tomorrow but this week is all aboard.
See you on the trading floor tomorrow.
Have a good day
varok
Good afternoon,
All the buyers in the post run of .0018 on the most part have traded out. They existed out at .0014 many of these same folks are now the fence-sitters.
What we have here now is the limbo or a subtle version of the doldrums, and what is left is we bottom feeders, and HOLDING! This is a marriage for a huge spike.
These folks on the side and waiting for the next phase (name change) will come in and create a volume surge and I believe will at least reach a high of possibly between .003-.005 the more of the latter, before the profit-takers exit. This will put us around true fair value or worth on the MC of $1.5m-$2m =.003 share price, with a guesstimated O/S of 500m. This is based on a $5 million dollar company and which the company has projected is on current target of Q statements of 2023.
Forget the nonsense peddled by the naysayers, but of course, do read what they have to say on the worst-case scenario.
There are 3 things to keep you within the realm of reasoning. The company diluting beyond the normal course of business and are we at fair value (REV verses dilution into MC). With respect to MC. Of course, sales matter, but not with Tekumo. Their business model is tech and current with an absolute growth oriented, management team. This is your guide and only dilution will destroy ROI.
Just keep your eye on the O/S and watch for anything out of the norm and stays within the MC.
Well folks that is it and now we are in the doldrums on our own sailboat.
It will come, target .003-.005.
See you all in the Spring.
Have a good day
varok
Yeah, but the .0012 is my buy at 10/43am.
I'm buying on the way down and got a few on the .0011, until I get my quota. I like how this is trading within the last week.
Any day now and this is history. A stake in this issue is a no-brainer. It's going north.
I like how this is moving, yesterday and today's session with low volume, a perfect setup for a nice run.
Bottom feeders on board and fence-sitters waiting on the sidelines, we know what we have here.
Train is slowly move out of the station.
This will be a triple play out of the gate.
You have a great day!
varok
Yes, that is correct, and you made a great point indeed.
Have a good day
varok
Good morning
We are getting very close to a new dawn.
I want to bring up the 1-A FORM dated 12/19/23 and the underlining importance of this document by the company.
The company mentions an offering of 500m shares at .001 and only allowing a single buy not to exceed 100k. This is important on 2 fronts.
This displays that the company has no intention of lowering the share price below .001. We can now assume that the base on the share price is established at .001 and that bodes extremely well for shareholders and keeps shorty on the sideline. Very positive.
The second importance says that the company is relying on the growth of the company based on REV. and not so much as with many in the penny arcade on the dilutive nature, but on Rev. going forward.
To understand the business model and the technology nature of the upcoming name change, the new entity brings with respect having already a solid business model in growth means in the future there will be some sort of a financial assistance program. This is unavoidable, but just from the intention of the public offering denotes that the company is bringing to the shareholders a reasonable projection of governing with shareholders in mind. ROI is the importance here and thus far the company is displaying their intentions.
Just wanted to pass on what I deem to be an excellent start in the upcoming year for this company.
Have a good day
varok
You mentioned a S-1.
I can't seem to find it since there are no SEC filings on this notification, however, there is a 1-A FORM dated 12/19/23, 1-A POS (Post-qualification amendment to a 1-A offering statement.
This doc mentions an offering of 500m shares at .001 which will raise the O/S to 700m. Now this really isn't a problem. And the offering as we are trading at the moment, give or take a point here or there makes this issue still undervalued.
There is no indication as of yet on how this was received, but no entity can buy more than 100k, so this as well is within reason. This measure when it comes to fruition is to maintain a proper dissemination of the volume. Good for shareholders and is decent governance by the company.
Even if the company's O/S structure reaches a high of 2b shares, well over the above discussed of 700m to 1b, within the next 6 months, believe me, this is still undervalued. But let's just keep it on a rational basis rather than your synopsis of pure deliberate tactics from the negative side of the ledger, which are baseless.
Generally, I would never respond to an individual with an absolute negative mindset for whatever reason you may have, which is the obvious. Since the mindset of your likeminded folks appears to show up when the real action is about to begin. Interesting how it always seems when companies are about set to make major shifts, folks like yourself pop in. Your #3 within the last week. Interesting indeed.
Have a good day
varok
Good afternoon,
The last couple of sessions have been more encouraging on what is about to take place next week. We have had very low volume and that bodes well for exciting next week is going to bring.
The calm before the storm folks!
Along with the name change expect a concerted effort to augment these events with a promotion to the new company, Tekumo -TKMO
Why I mention next week. The company first announced the inclusion of Tekumo last February 2023. There were a couple of issues that needed to be cleaned up and that too have been resolved. The issue that was in question.
' On September 15, 2023, the Circuit Court of Baltimore County, Maryland (the “Court’) rendered an
order approving a Settlement Agreement and Stipulation between Trillium Partners LP (“Trillium”) and the
Company for the payment of $2,255,121 in past due debt obligations originally issued or assigned to Trillium
Under the terms of the agreement, Trillium may convert the debt into shares of common stock at a price equal
to the lowest trading price during the thirty (30) trading day period prior to any conversion, subject to a 9.99%
limitation on beneficial ownership at the time such conversion. A Remittance Amount of 66.67% of the Net
Proceeds from the sale of the Settlement Shares shall reduce the balance of the Notes outstanding. The
conversion shares issued by the Company will be unrestricted in reliance on Section 3(a)(10) of the Securities
Act of 1933 '
Even though they submitted the application back in February the consideration by regulatory oversite would have to waited until after this. It has been resolved, but with a caveat.
The caveat:
'$2,255,121 in past due debt obligations originally issued or assigned to Trillium
Under the terms of the agreement, Trillium may convert the debt into shares of common stock at a price equal
to the lowest trading price during the thirty (30) trading day period prior to any conversion...
Not sure after the ruling how much work went into the reduction since the date noted, but we have not recieved any notice on conversion and believe they may have waited to work it into the new entity with the pending symbol and name change.
Now let's not get overly consumed about this since there are a few ways that this should not have a detriment in the short term. But I wanted to mention this as a dilutive nature on the surface, but we are good for at least going into late Spring and Summer before this should have an impact.
We have something very promising here and I believe current holders will achieve decent profit taking and should be realized.
Latest from Counsel:
https://www.otcmarkets.com/otcapi/company/financial-report/389954/content
Buying opportunity going into the close today.
Price target to ..003-.005 upon change announcement.
See you on the trading floor on Monday.
Have a good day
varok
Good morning - BCNN......
We are getting very close for the complete makeover with new name and symbol.
Trading and volume have been tight and that is a positive. It is all in the waiting period and expect it any day now.
This is the new company.
'Tekumo is a company that provides IoT solutions for industrial applications. The Industrial Internet of Things (IIoT) is a network of connected devices that collect and exchange data to improve industrial processes and operations 1. Tekumo’s IoT solutions help businesses increase profitability and cost-effectiveness by providing real-time analysis of IoT endpoint datasets with artificial intelligence (AI) and deep learning 1. This helps proactively and automatically monitor industrial equipment, track performance indicators, and detect vulnerabilities, which can help avoid costly repairs and losses associated with faulty machines 1.
In summary, Tekumo is important for industrial IoT because it provides IoT solutions that help businesses increase profitability and cost-effectiveness by providing real-time analysis of IoT endpoint datasets with artificial intelligence and deep learning.'
Here are some 3rd quarter figures and you can see that we are very undervalued.
'Revenue for the third quarter increased a record 194% over the second quarter to $846K. The first half of Q4 continues to grow at 70+% over Q3, and our current annualized revenue run rate exceeds $5 million'.
Here is some insight on projection.
FINANCIAL UPDATE
At the end of the quarter, we also reached an agreement with our convertible noteholders to exchange the outstanding debt and accrued interest on their matured notes for common shares that “meaningfully improves our balance sheet,” said Balincan Chief Financial Officer, Phillip Dignan.
Under the terms of the agreement, the note holders from our Series I and II Convertible Notes may convert $2.26 million in debt into shares of common stock at a price equal to the lowest trading price during the thirty (30) trading day period prior to any conversion, subject to a 9.99% limitation on beneficial ownership at the time such conversion. A Remittance Amount of 66.67% of the Net Proceeds from the sale of the Settlement Shares shall reduce the balance of the Notes outstanding. The conversion shares issued by the Company will be unrestricted in reliance on Section 3(a)(10) of the Securities Act of 1933.
Further, after engaging an SEC financial consultant, we are updating the Company’s valuation of Derivative Liabilities related to the Series A and B Preferred Stock, and the convertible notes.
As of September 30, 2023, this resulted in a reduction of our total derivative liability from a previously reported $9.43 million to $4.92 million, representing an increase in net other income of $4.51 million since our merger in June of 2022.
This will result in a restatement of the previously submitted financial statements for the periods ended June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023 and June 30, 2023 as soon as the reports are compiled. Such changes will be reflected in net additions to Other Income and will be marked-to-market each quarter.
My comments:
When one analyzes a penny stock financials, forget the sophisticated financial accounting and just stick with MC verses share structure or O/S.
Currently before the actual symbol and name change our O/S 381,060,317 and our current share price is .0014 gives us a MC of $533k.
You can easily assess that we are very undervalued.
Tekumo from the above figures, of current annualized revenue run rate exceeds $5 million. This is what you need to assess your worth in real time.
Some ask why we are not there. The reason is we have not gotten the Official name and symbol change, However the deal is written and signed. The change is coming any day now.
When you take the straight accounting of O/S verses the $5m in revenue, our share price should be at .012 = $4.5m. But given the upcoming and Official announcement that we are waiting for is why we are trading in this current range of .0014.
I am making my target price once the change becomes official at or around .01. Now with that said, assess the projection between today of .0014 to .01 we have a way to go, but don't be fooled by thinking it can't happen, the projection I have laid out is actual and conservative. The only holdback is the financial equity instrument they will embark on once we get the official announcement, but even then, the analysis still allows a .003 share price as achievable without much resistance.
Website: https://www.tekumo.com/
Target .003 to .01
Have a good day
varok
Usually what happens when there is a lull in the trading pattern. A gap between the spread is indicative of uncertainty within the algorithm and when the MM take control of the sessions action based on limited buys and sells.
This is overall a good sign that the issue is in a holding pattern. I suppose Like myself many are waiting for notification on FINRA's finality on symbol and name change.
Have a good day
varok
Good morning,
We are getting very close for the complete makeover with new name and symbol.
Trading and volume have been tight and that is a positive. It is all in the waiting period and expect it any day now.
This is the new company.
'Tekumo is a company that provides IoT solutions for industrial applications. The Industrial Internet of Things (IIoT) is a network of connected devices that collect and exchange data to improve industrial processes and operations 1. Tekumo’s IoT solutions help businesses increase profitability and cost-effectiveness by providing real-time analysis of IoT endpoint datasets with artificial intelligence (AI) and deep learning 1. This helps proactively and automatically monitor industrial equipment, track performance indicators, and detect vulnerabilities, which can help avoid costly repairs and losses associated with faulty machines 1.
In summary, Tekumo is important for industrial IoT because it provides IoT solutions that help businesses increase profitability and cost-effectiveness by providing real-time analysis of IoT endpoint datasets with artificial intelligence and deep learning.'
Here are some 3rd quarter figures and you can see that we are very undervalued.
'Revenue for the third quarter increased a record 194% over the second quarter to $846K. The first half of Q4 continues to grow at 70+% over Q3, and our current annualized revenue run rate exceeds $5 million'.
Here is some insight on projection.
FINANCIAL UPDATE
At the end of the quarter, we also reached an agreement with our convertible noteholders to exchange the outstanding debt and accrued interest on their matured notes for common shares that “meaningfully improves our balance sheet,” said Balincan Chief Financial Officer, Phillip Dignan.
Under the terms of the agreement, the note holders from our Series I and II Convertible Notes may convert $2.26 million in debt into shares of common stock at a price equal to the lowest trading price during the thirty (30) trading day period prior to any conversion, subject to a 9.99% limitation on beneficial ownership at the time such conversion. A Remittance Amount of 66.67% of the Net Proceeds from the sale of the Settlement Shares shall reduce the balance of the Notes outstanding. The conversion shares issued by the Company will be unrestricted in reliance on Section 3(a)(10) of the Securities Act of 1933.
Further, after engaging an SEC financial consultant, we are updating the Company’s valuation of Derivative Liabilities related to the Series A and B Preferred Stock, and the convertible notes.
As of September 30, 2023, this resulted in a reduction of our total derivative liability from a previously reported $9.43 million to $4.92 million, representing an increase in net other income of $4.51 million since our merger in June of 2022.
This will result in a restatement of the previously submitted financial statements for the periods ended June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023 and June 30, 2023 as soon as the reports are compiled. Such changes will be reflected in net additions to Other Income and will be marked-to-market each quarter.
My comments:
When one analyzes a penny stock financials, forget the sophisticated financial accounting and just stick with MC verses share structure or O/S.
Currently before the actual symbol and name change our O/S 381,060,317 and our current share price is .0014 gives us a MC of $533k.
You can easily assess that we are very undervalued.
Tekumo from the above figures, of current annualized revenue run rate exceeds $5 million. This is what you need to assess your worth in real time.
Some ask why we are not there. The reason is we have not gotten the Official name and symbol change, However the deal is written and signed. The change is coming any day now.
When you take the straight accounting of O/S verses the $5m in revenue, our share price should be at .012 = $4.5m. But given the upcoming and Official announcement that we are waiting for is why we are trading in this current range of .0014.
I am making my target price once the change becomes official at or around .01. Now with that said, assess the projection between today of .0014 to .01 we have a way to go, but don't be fooled by thinking it can't happen, the projection I have laid out is actual and conservative. The only holdback is the financial equity instrument they will embark on once we get the official announcement, but even then, the analysis still allows a .003 share price as achievable without much resistance.
Website: https://www.tekumo.com/
Target .003 to .01
Have a good day
varok
Makes my synopsis a worst-case scenario even more critical. Now he can convert let's say 10,000 preferred A into 200m and he still has 800k left.
Well, there is one area that can be an issue and is a factor. This is about the preferred A stock in the amount of 1,000,000 shares. Each share of which is convertible into 20,000 shares of Common Stock but with ten times that voting rights. If this were to convert would amount to 20B O/S. But they only have 12B A/S..
Now, we see that the A/S is raised to 12B. Now they would never be able to get the approval for a lump raised sum to 20B A/S so it is incremental. Meaning the current 12B can satisfy any amount in part of preferred A of which the CEO can convert of course he would need to file accordingly. but you get the point.
All he needs to do is convert 5,000k shares of preferred A 1,000,000 into 100m O/S.
Also, De four owns 70% of the Stock and the convert below is tied to his family LLC and then you have this and where the recent or current dilution is coming from.
'On September 20, 2023, the Company issued a $1,111,111 USD principal amount convertible promissory note in strategic venture
capital financing from a New York based family office. The funding agreement was marked by the receipt of an initial tranche of
$350,000 USD, which was applied primarily to the purchase of a delivery vehicle and vending machines. Each tranche is due 12 months
from the funding date. If in default, the note is convertible into shares of Company common stock at a conversion price equal to the
lower of (i) the lowest trading price on the date that the first tranche was advanced or (ii) $0.002, subject to adjustment."
There is also a slew of free trading shares issued for various services rendered.
I trust this answers your question.
Have a good day
varok
You are not paying attention why that is.
It's the new company not the trading company that has the REV. This is why we are in limbo.
Have a good day
varok
Good morning,
The bid is building on .0002. This may be your entry for fence sitters, however, for you folks that are considering in averaging down, I recommend you do NOT. This is a hold with oversold. Generally, you can't put an oversold on a pennystock due to the current dilution that the major factor.
If you are a current holder, you will have only one chance to get back your principle with hopefully some profit, but this dilutive factor is your enemy.
Now, I believe we will get only one opportunity to sell for profit taking and that will only come with a catalyst or the next announcement.
This issue is no longer a long-term hold and unfortunately you must now watch the O/S very closely.
Dilution since Dec 15 to yesterday is averaging about 15m per day. This is not good, however dilution with most pinks is based on current volume. Meaning high volume high dilution low volume low dilution. Most companies that are running a dilutive program or more importantly have a convert outstanding are obligated to stay within the parameters of how much they can dump.
When volume tends to wain or drop so does dilution. Usually when this happens the company will make announcements that appear positive thus increasing volume along with dilution. We are currently in this state of an opportunity to get an announcement. This is your only chance to get your principle back. You must trade into this momentum, because dilution will negate any real run and stay within the run. This never happens when a PR hits and followed with millions of shares being dumped. That is why one should never buy near the end of a 3-Day Rule or trading on a PR.
Also, Market Makers do not inventory shares and if they do they have to balance out at the end of day and most definitely the end of any week if they try this illegal tactic. NO exception! Only you as a shareholder hold inventory. When some on these message boards say MMs are holding shares is not correct, because they are not allowed. That is the ultimate false claim and is simply manipulation and against SEC rules, which carries huge penalties.
Let me conclude with this. The company or any company can't just put out PRs, which some are referred and much called out as fluff. The PRs this company released with Pepsi in the article is within proper conduct and until we get a real LOI or an Official 8-K assume only they are in conversation with intent.
So, watch the tape and trade out on the next run. I expect dilution to continue for the foreseeable future or through 2024. If this happens, there will be a R/S near the end of this year, that is almost a given and only a share buyback will offset this. The latter seems unlikely.
For now, hold and watch this very closely. If one is heavily invested in this, it may be wise to reduce and move into another pennystock. This is the nature within the penny arcade, very unpredictable venue.
Have a good day
varok
Hi Swampy,
Still in and yes. However, one has to always keep an eye on dilution. If it continues on this course without additional news, you may want to reassess the issue.
For now, it is a hold and wait.
The first chance on a run and a run will happen, but if the dilution continues the run may have less strength. Keep an eye on MC for a judgement call and will it work within current parameters.
Have a good day
varok
Good morning,
Trust everyone had a great New Years.
We are now into a brand-new year, and nothing has changed with respect to BCNN.
I read a few post that tried to explain the reason why we are trading in a lateral position, and they are misguided and have no understanding where we are currently.
It isn't upcoming dilution or the heavy A/S. This is nonsense.
The current issue is trading in a lateral pattern is simply because we are in a limbo state.
As i have mentioned in an earlier post, the street still has not established the MA and I expect the name change will commence the second week of January. It is then that the share price will move to fair value. This will be our catalyst.
2024 brings us a new symbol, new company, new direction with respect to growth and a REV generating balance sheet.
Until we get the OFFICIAL notification, we will continue to trade with low volume and bouncing back and forth.
This is the current situation!
If anything, this is a great opportunity to average in and for the fence sitters, a good time to take a position.
Have a good day.
varok
I agree. We are in the loop for sure.
Have a good day
varok
Good morning,
'BCNN'
Today is the last trading session for 2023 and our little company is making strides going into the new year.
As with many pinksheet issues the beginning of a new year the 1st quarter is always great for upcoming penny stocks and BCNN is primed for a major move north.
I see today will be our last day to acquire this stock under .002. The company is undervalued, and the reason is quite simple. The company is in the first stage before it becomes a whole new entity with a new symbol, and new direction and a REV generating balance sheet. The Company has filed for a name and symbol change to Tekumo, Inc., TKMO.
Also, would like to share a letter from counsel https://www.otcmarkets.com/otcapi/company/financial-report/389954/content This is from yesterday's release.
We are on our way folks and 2024 is looking really promising.
Happy New Year
Have a good day
varok
Good morning,
Today is the last trading session for 2023 and our little company is making strides going into the new year.
As with many pinksheet issues the beginning of a new year the 1st quarter is always great for upcoming penny stocks and BCNN is primed for a major move north.
I see today will be our last day to acquire this stock under .002. The company is undervalued, and the reason is quite simple. The company is in the first stage before it becomes a whole new entity with a new symbol, and new direction and a REV generating balance sheet. The Company has filed for a name and symbol change to Tekumo, Inc., TKMO.
Also, would like to share a letter from counsel https://www.otcmarkets.com/otcapi/company/financial-report/389954/content This is from yesterday's release.
We are on our way folks and 2024 is looking really promising.
Happy New Year
Have a good day
varok
The name change will make the difference. A brand-new company with REV already established and a growth company to start the new year off on a solid footing.
The street still has not established the MA and I expect the name change will commence the second week of January. It is then that the share price will move to fair value of .003. This will be our catalyst.
2024 brings us a new symbol, new company, new direction with respect to growth and a REV generating balance sheet.
Buying opportunity between .0014-.0016.
We are in a limbo lateral trading pattern, and all this will change 2nd week of January.
Have a good day
varok
Good morning,
The company is priced right for a nice bounce from this level.
The business model is perfect and the share structure ideal and it is very tight. Any positive news will elevate the price on an absolute run that is usually accompanied from coming out of a shell. Dilution is minimal and no concern.
The acquisition of Tekumo is extremely positive and once the name change takes hold will set us up for real price action.
Currently very positive REV. and near future growth and not to mention that the company is talking about Notes makes this company at this price range a real buying opportunity.
Current MC of $550k sure is undervalued and believe the street will give us a $2m MC in short order with the upcoming Name change and give us a price target of just under .01.
I see a price target of .003 without real setbacks within weeks and the first quarter New Year of .01 with MC of $2
Have a good day
varok
Yes.
Currently the O/S is attractive. However, when it all is said and done the O/S will be well over 1.5 billion shares. With that said and no new notes upon this writing, it really is still an attractive share structure.
Notes and warrants
On June 15, 2023 the Company issued a total of $203,500 in Convertible Notes with a 1-year maturity. The
Notes may convert into common shares at a variable conversion price equal to 50% of the common share market price.
The Convertible Notes are accompanied by 7-year Warrants that may be exercised into 185,000,000 common shares.
The Company’s subsidiary, Tekumo LLC, has outstanding promissory notes with a principal of $261,242 and
accrued interest of $280,042 as of September 30, 2023. The notes were originally issued with a principal of $390,788
of which $139,546 has been repaid.
On June 15, 2023 the Company issued a total of $203,500 in Convertible Notes with a 1-year maturity and an
interest rate of 10% per annum. The Notes may convert into common shares at a variable conversion price equal to 50%
of the common share market price. The Convertible Notes are accompanied by 7-year Warrants that may be exercised
into 185,000,000 common shares. Due to the fact that the Company may not be able to net share settle these obligations,
the Company has recognized the conversion option on the convertible notes and the warrants as derivative liabilities and
recognized a debt discount at inception in the amount of $64,841 which includes an original issue discount of $18,500.
The Company received net proceeds of $185,000 in the issuance of these convertible notes.
The discounts on the Convertible Notes are being amortized over the life of the convertible notes. The
derivative liability that was recorded at the inception of the Convertible Notes is being marked-to-market each reporting
period and the changes in the fair value of the derivative liability are reflected in other income (expense).
In the nine months ended September 30, 2023 and 2022, the Company recorded amortization of discounts on
the convertible notes of $324,947 and $105,712, respectively. As of September 30, 2023, the Company has $1,576,534
in Convertible Notes outstanding, net of discounts.
The Company recognized interest expense on the convertible notes of $532,849 (inclusive of $487,159
associated with the 3(a)(1) Settlement – see below) and $9,439 for the nine months ended September 30, 2023 and 2022,
respectively.
Under the terms of the 3(a)(10) Settlement, $1,868,114 of these Convertible Notes may convert into
unrestricted shares of common stock at a price equal of the lowest trading price during the thirty (30) trading day period
prior to any conversion, subject to a 9.99% limitation on beneficial ownership of Trillium at the time of such conversion.
A Remittance Amount of 66.67% of the Net Proceeds from the sale of the Settlement shares shall reduce the balance of
the Notes outstanding. As of September 30, 2023, the Company has issued 18,034,000 common shares with a Settlement
value of $27,666.
Warrant Activities
The following is a summary of the Company’s warrant activity:
Warrant
Weighted
Average
Exercise
Price
Balance – January 1, 2023 – outstanding 265,000,000 0.0055
Granted 185,000,000 0.001
Exercised - -
Forfeited/Cancelled - ) -
Balance – September 30, 2023 – outstanding 450,000,000 0.00365
Balance – September 30, 2023 – exercisable 450,000,000 $ 0.00365
During the quarter ended September 30, 2023, no warrants were issued.
The outstanding warrants had a fair value market value at grant of $255,542 using an option-pricing model and the above
assumptions based on the allocated fair market value of each class of stock.
As of September 30, 2023 the fair market value of all warrants is $100,607 and the weighted average term of the warrants
is 6.23 years
The Company had the following common stock equivalents as of September 30, 2023 and 2022:
September 30
2023 2022
Series A Preferred Stock 3,403,354,389 2,553,708,397
Series B Preferred Stock 400,394,634 300,436,282
Common Stock 200,197,317 150,218,141
Convertible notes 416,568,083 159,779,672
Warrants 450,000,000 265,000,000
Totals 4,668,582,356 3,429,142,492
Have a good day
varok