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No, to be clear Mohammed Zulfiquar is methodically moving his IP (100+ patents) under the EGYF symbol once he finishes negotiating ~3 years of audits with the SEC due to an improperly 12-15g filed by previous EGYF management over 15 years ago. The only thing he has announced under EGYF so far is the IP under Sensortecnics.
There is months of DD on this board if you want to learn about his pedigree or history of selling two companies in the 1990s and 2000s. MZ is a data scientist not a penny ceo veteran. He's learning as he goes and this will take time and patience to pay out big.
https://uk.linkedin.com/in/mohammedzulfiquar
Otherwise theres nothing to see here yet if Financials are what inspires your trades.
Yep, I know we're used to seeing 3M in assets at 9M in liabilities and 3 notes due this Quarter while the O/S balloons.
This is the ground floor. EGYF is one step past a shell hence the market cap. The first update were expecting this month will tell us what Sensortecnics has in store for us.
Yes it should be, there is some debate over if they need another Attorney Letter now before OTCM will change to Pink Current. I believe they do need another letter this week FWIW. Also it appears that it took 8 business days from the Attorney Letter for a similar ticker to get its pink current badge on 12/3/2021.
That would put us in line for Pink Current by ~Dec 17th if we get the letter by Wednesday of this week as one rough guess. Either way it's looking like December is the last chance to own shares under .10 in my opinion.
We have a new 9/30 filing uploaded on Sunday! Love when management does that.
https://www.otcmarkets.com/stock/EGYF/disclosure
Yep 100%. CEO is on the run in China.
It's always darkest before dawn. Hang in there $TSOI
Last chinese anything I will ever invest in.
Nobodys fault but mine.
My cost basis was .028 just 2 months ago. I'm up to .04s now and will likely be at .05s once I spend my year end bonus. I would never be averaging up if the float wasn't so small and unchanged for years, I'm bending my own rules to get 5% of all shares here by 2023 is the goal.
Going all in is generally a bad idea unless you have 100% conviction in one thing and no conviction elsewhere. I've done it successfully many times early in my trading and it helped propel me forward faster than diversifying.
It also nearly wiped me out early on when $MTVX opened the largest dilution floodgates ever in the span of 3 weeks. But i took valuable lessons away from that experience (ie: strike date, dilution conversion terms, seeing through the hype, ect"
The way I see it you should be riskier until you achieve a certain goal, then develop your rules and make them work for you. If you're still learning you'll do fine just sticking to one basic rule IMO.
"Buy below RSI 35, sell above RSI 85 whenever possible"
https://www.sec.gov/Archives/edgar/data/1755699/000147793219003818/sensor_ex601.htm
I highly reccomend reading this in its entirety.
We've come a long way from those 30-70k share dumps in the .02s, .04s, .06s.
Market makers aren't even willing to use 10k shares to paint it into the bid lol
Honestly makes the chart look even better with another hammer candle :)
Cheers and good to see you again
My wife works for them. They told her in the interview less people make it in there than Harvard in terms of acceptance rate.
This was announced ~1 year ago. The price reached .13 - .16 around that time.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/energy-finders-acquires-sensortecnics-130000471.html
Indeed, there are a few r/m candidates all the way down to $100-300k Market cap on the expert market now. These were at .01+ and current recently but are now all the way back to trips on low volume.
Nice S/S here for sure!
Personally I would like to see this hang in the .07-.10 range for a week or two now that we are above the ichimoku cloud after some recent consolidation.
Technical traders will be more likely to chase in December if we show strong consolidation above the cloud before the catalyst. Shares are definitely drying up now. You used to be able to get 40-60k on the bid pretty easily almost every day.
It's hard to get size here without moving the price. Anytime you see blocks bigger than 20k it's almost an opportunity and not a "wall" when the float is ~70M shares.
Smart. I've got a year end bonus coming soon and I will be bidding more shares with that money in December. Tapped out for now! Will have to fill my time with DD the next 2 weeks or so.
Looks like you and I soaked up everything on the bid the past month. Early bird gets the worm.
Took a starter thank you!
It really does. There's an unfortunate toxic / elitist mentality of the "woke folk" in our generation. The funny part is the two "woke" friends I have contribute nothing to society but pessimism and elitism while sucking on government aid.
Our generation definitely has some quirks. Safe to say we're not really "friends" anymore. You do become what you surround yourself with.
Where was this posted? I don't recall seeing this recently but it's been a busy few months.
Understanding how his preferred shares are different from the commons is relevant. I believe the CEO on the other symbol owns millions of commons from .05 cents or less so he is still up a fortune with the price down 50% from its nasdaq debut.
I raise that question because MZ has 6M preferred shares here not common shares. How does this impact his ability to make money via EGYF?
The 10-Q shows 24M other preferred shares available. Could these be given to venture capitalists or private investors for financing?
It seems like he's not setup to make a fortune off the success of EGYF. Best case scenario he would sell his shares through a buyout since they have voting rights attached to them? How else would he make any money back on the $1.5M he's spent to date. A hefty salary once licensing fees are in motion?
I've always been taught to follow the money to get answers. When a scam operates you can follow the filings and see "oh wow, they borrowed $90k for 20M convertibles shares at 50% market discount. This CEO doesn't give a **** about his investors, its just a charade and a salary until the music stops then rinse repeat on a new idea.
MZ has no salary and the quarterlies read "development phase" so what's the point? He's only giving and not taking so far. Very peculiar for OTC and hence why it's had my attention for some time.
I just read the ILU$ 10-Q.
Sales: ~3M
Net Income: $390k
Market Cap: 500M+
Crazy.
I think you need to answer your own question in terms of "Why would MZ spend $950k out of his pocket to zerox quarterlies showing $60 every 3 months".
#1. He is a total egomaniac and rich enough to continue to spend $10-50k on filings just to tell people he has a public company?
#2. He needs additional capital to do something bigger than he can afford to do on his own. There will need to be capital raised and shares will likely need to be issued to do so. The key will be the terms of financing as with any OTC investment. ALPP showed everyone you can double your O/S with some dilution / restricted shares and reach the nasdaq in 2 years.
What's your theory? I genuinely couldn't answer either question but that's my best guess.
I agree, hence why I am saying that all of these aspirations will take time and 10x the execution and communication post COVID. There is an undeniable amount of work going on the background for Datatecnics / Sensortecnics the past two years. Much of the DD I've found the past 3 weeks is all UK based and new within the month of November.
I've set my risk level based on my DD and my conversations with the man himself. That's what any investor should do. I certainly appreciate your time and the dialogue.
You must not read many OTC profiles. That's one of the best descriptions I've read in 11 years of trading the OTC. Perhaps you can enlighten me with a proper juggernaut OTC description?
I consider "Fluffy and vague" to be a conversation with my date by the punch bowl on homecoming freshman year.
Per the latest 10-Q
"Describe the issuers’ principal products or services.
EGYF is an innovation company in the field of nanotechnology that specializes in developing “intelligent” based solutions for clean energy, environment and mission-critical applications primarily in the Infrastructure, Energy & Environment sectors in global markets. Our core focus is to identify and develop solutions to solve some of the world’s major problems and to commercialize those solutions through licensing and/or joint venture agreements with industry partners. We plan to receive the bulk of our revenue streams through IP licensing of our
technologies.
This business model enables us focus on our core competencies, technology innovation and leveraging our industry partners to accelerate their business through partnerships. Our business model is to leverage sales channels for these products and technologies in cooperation with industry partners and our affiliates. Our objective is to commercialize such technologies whilst our affiliates and partners will develop these technologies into finished products through OEM Agreements."
It's clears it up but that doesn't mean anything to me in infancy stages here. It would make sense for some of his inventions to have their own private placements that can be converted to EGYF shares at a nice profit to those investors years down the road. That's how I see this playing out in fact. EGYF being the mothership so to speak. (Pure speculation, again)
MZ could announce tomorrow that Virosense has been acquired by EGYF if it was ready to be. It would have been very risky for MZ to put all of his inventions into this shell before he confirmed he could execute the intended road map to the nasdaq. I'm sure that's part of the lack of key announcements since the end of 2020.
If he's serious about the Nasdaq within 2-3 years on organic growth to $5+ per share that means a market cap of ~$450M if my math is close. There's a few OTC's with that market cap right now and their price isn't even .50 cents because they have billions of shares. Some of these don't even provide goods and services, they are just hyped up concepts and ideas with paid promotions, ect. We haven't seen anything of that nature with EGYF.
If he can maintain the share structure integrity and execute timely sensible growth that market cap is very possible in 2 years.
Hmm, it's almost as if the whole world stopped for something in 2019. Wonder what it could be?
It's almost like he paused EGYF and Kickstarted Meditech to save Iives instead of just pipes. Time will tell as I said. Forever an optimist ;)
Www.Virosense.life
That's mostly true, sure. Our business has patents we are working to monetize and the only thing they've ever been on our balance sheet up until now is a growing cost of patent attorney fees.
But even if everything you say is true, it's up to MZ to decide what Sensortecnics is other than a "coming soon website" at this moment. Shareholders have already waited a year or more so we are well "in the dark" as far as I'm concerned. I'm just an optimist 24/7 because that's who I am.
All I'm saying is, I'm in my early 30's and every time I meet with my business accountant and attorney I learn things that nobody taught in school or spoke about on the television screen after the news at 9. This stuff is hidden in plain sight but only .001% of people dig for it, learn it, understand it and use it to their advantage. Everyone complains Amazon doesn't pay taxes but do they learn how to do it in their own life? No, they post memes and go to bed after 5 hours of Netflix. Society needs worker bees not educated tax law gurus at mcdonalds.
Those that dig and pay professionals to advise them reside at the top and I believe MZ has creditable advisors giving him the right guidance now or I wouldn't be here.
I'm not going to claim to know how MZ should handle every aspect of his patents / UK vs USA tax law, ect. I'm sure it gets messy but a professional can make anything be anything depending on the goal. Our firm is private and our patents are not public information yet so what I've learned doesn't apply to EGYF apples to apples at all. I enjoy speculating learning and digging.
You do raise one very valid point, and that is that our current Market Cap is justifiable or overpriced based on the assets or IP reported to date. That is in part speculation as well until we know what IP is in Sensortecnics.
I can't imagine the price getting above .10 cents until new assets or filings show new added value and progress. That we can agree on.
If I was MZ I would report the cost of the coming soon website and nothing more until I was nearing revenue generation.
Then I could decide when all my IP moves under the public entity and with it new assets to report.
They would not if the IP is not under the EGYF umbrella yet. Only sensortecnics is publicly under EGYF at the moment per the PR. CIPPS and Virosense are speculation until a filing says otherwise.
If sensortecnics is only IP at this moment there is nothing to report yet.
No, let me give you an example.
I bought 2 acres of a rock hill in the middle of nowhere for $10,000. Nobody other than me knows I'm going to mine 2 million dollars worth of stone off the land over the next 10 years.
If I'm starting a business out and its my first quarter of operations I'm going to report it as a $10k land asset because that's what it is that day. The next day an excavator arrives and breaks up the stone hill into a commodity I can sell for $10,000 a load. If I have 1 load of stone on the ground ready to load it is now 1 load of inventory that I'm taxed on if I don't sell it that year.
My point is, I have the power to leave it in the ground as an asset worth $10k instead of digging it up and selling it for $10k for a single load of new inventory the next day. Both situations are the truth and obviously once I sell it I would report it.
That's a good point. However I'll raise you a scenario I'm in every year.
Depending on how much inventory my hypothetical business reports our assets and tax liabilities can change drastically. When you are starting out and using grant monies to subsidize your costs via partnerships, why would you report anything more than you need to until you are making revenue? There's only negative implications to do so.
It's not far from the reason why Amazon doesn't pay taxes. It's smart business within reason is what I've learned.
I'm not perfect nor is MZ. If he did it all again I bet he would've bought a different shell but that doesn't matter at this point.
When it comes to OTC investing and trying to find a unicorn experiencing growing pains I'll take these odds over a 20 Billion share CBD spray for dogs arthritis.
It became evident after this news was released that the shell had new additional crickets to deal with. Mainly an improperly filed 15g prior to his takeover. His original advisors told him it was fine and it turned out that it wasn't.
MZ was never going to move anything forward until he knew the shell was capable of uplisting to the Nasdaq. He stayed focused on the business and their original (Likely cut rate) advisors failed him and cost him more time and money.
What I really respect about MZ is he isn't willing to leave his legacy investors behind. He could've dropped the shell and bought another one for less money and been further along by now.
He chose to fix this shell and go the long route and I respect that a lot. Few people operate with the pretense of their word being more important than money. That's the feeling I had after speaking with MZ for 90 minutes earlier this month. That's why I continue to buy EGYF shares and dig under more rocks for new DD until something more becomes public.