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It has no credibility at all. Hopefully that company will clean out its debt, and they will all be gone and then be open to real conversation about the company.
I'm watching RXMD and NXTD today closely.
And the moment the company has the ability to pay iff all of its toxic debt, they will have nothing to talk about or be employed to do.
Will do, and thanks for the heads up.
Whats happening right now is complete psychological warfare by some posters over there. They KNOW the company has a banker from the Tweet, they KNOW the Q is being filed and will probably disclose it, but if you take a look at all the posts, they are ALL negative. They are purposely trying to cast doubt, and the more they say it, shareholders start to break down and then start doubting their own convictions on their own holdings. Thats the OTC IHUB game. They have been relentless, made themselves MODS so they can control the flow of discussion, and basically its all one sided, no matter what proof or fact is on your side. Weak minds give up. Real investors know better.
Duke, Israel is a great hotbed for biometric technology. You are 100% right on that.
Cheeky, that was a GREAT find. However, the only trouble is that each state has different usury laws and some have no usury laws. Companies that are fighting these firms based on usury have a really big hill to climb, expensive, especially to OTC companies that are flailing. Once in those death spiral fundings, it IS hard to get out. The better path is to raise outside non-dilutive funding, pay them off and use your resources to build a company. This way you can ignore the L2 on occasion.
I would assume the people dealing with the company now, who may be working with the company to bring it to a national exchange, don't care a rats ass about whats going on now at the OTC. I need to wait for the Q before I can actually comment intelligently, but its got to be filed in the next day or so, so we will see then what the company looks like, and where it may be going.
Ever hear the old adage..."A little bit of knowledge is dangerous......" Thats exactly whats going on over there. You have some posters that think they are knowledgeable and they sound very authoritative, but unless they work for an investment banking firm or are principals in banking firms, its all just more BS. The show King of Queens has an episode that has stood out to me for so long, when Doug asked if there was more beer in the basement, and his houseguest/father in law watcher said "I think so...."........and Doug asked her...."Are you sure?........" and she responded......"I really think so..........", and then Doug said....."C'mon, you should go down there and actually look........because "THINKING ISN'T KNOWING".
And thats exactly whats going on over there. You have non-shareholders getting involved in discussions using company disclosures against the company. That happens on most OTC message boards, you have those that think they are smarter than everyone else, and the laughable thing, they have no idea what is really going on at ANY company, just guessing. To some, its a game - an exercise in showing people how smart (or stupid) they really are, others, want to manipulate other members to buy or sell stock, for their own personal gain. I know for a FACT at least 1 particular idiot over there that PM's me telling me to SHHHHHHHHH.....when I caught him, and you know which one that is.
Just be secure in what you KNOW and try not to guess whats going to happen next. And that applies to ALL investing.
No, you need a lesson in accounting. How can a company spend $4M plus, when it only raised a total of $400K? This explains a lot of the nativity here.
Total was $400K, and guess what, 9 products from that, LOL
I know enough about this business, that if she demonstrated a card that was economically feasible, we would not be having any of these conversations. Get a grip. She spews BS PR's for years, misstates the level of "completeness" of a 14 year science project, yet we are to "believe" her, because she says so? Probably much like what she did with her other companies. Even now, there are off the shelf parts (a prior post I wrote providing links to third party vendors already selling components to build a card commercially) that MC or VISA can build their own. They have the money AN+D engineers to do it. I bet she is showing the card, maybe some smoke and mirrors too, because there would be round the clock demonstrations, because frankly, knowing the business, if they can touch it and use it themselves, then cost becomes less of an issue.
Maybe she shows the card to a select audience because she is trying to sell them claiming she can add "other" functionality to customize the card - yea, thats a BS stalling tactic as well. Trust me, I've seen it all.
Guess we will eventually see....but the longer she takes, the easier it will be for someone else to do it. Yea, it is that simple now.
I agree with most of that, except there is a reason why they haven't disclosed the banker yet in a PR, probably because they aren't allowed to. No reputable banker, especially a premiere WaLL Street banker would want their name used to "pump" an OTC stock. I bet its in their contract with the company not to. But I think its coming and probably has to be disclosed in the Q, so thats where my interest is. Also, that CEO always puts out a shareholder update after quarterly filing, so maybe she will be able to explain in more detail the company plans, etc......... Either way, we know its coming.
Lets wait for the RXSF Q and follow up shareholder letter (because she alway does one) before we jump in or jump off.
Typical of an insecure, greedy, inexperienced CEO in charge of an OTC company that hasn't produced JACK in 14 years and taking in $25M cash for a series of science experiments. The more the CEO controls, the less they can be questioned.
I am sure there is a HUGE MORON showing all of his shares there on the ask. But its always better to be out of a stock in which you don't believe will make you money and then move on, then stay and bash it hurting others as well.
I understand. I believe RXSF said they are developing a next generation safe that provides a medication reminder that can be scheduled by the patient or prescriber. Not sue though, will have to wait for more updates.
I think sometimes you forget the metrics involved. There is no interest because the company hasn't tried to get interest, and that type of interest, they don't want. Say hi to the big guy for me!
LOL Cheeky, why settle for V-8 when you can have a V-12?
"Real Bankers" you mean. Firms that do toxic debt financing call themselves bankers too. Ugly business! Why STRT is so stable around $50 a share.
It depends who you are and how you invest. If you stare at L2 all day, you will drive yourself crazy. I would assume if you live and die by PPS, you would expect NO NEWS to be the pre-cursor of BAD NEWS. Others, who understand disclosure requirements of NASDAQ, don't expect ANY news until after the fact. Prevents daily manipulation and thats a reason why the national markets are much harder to play games on. And thats a reason why NASDAQ brokers are not allowed to buy and sell OTC stocks. The Canadian Parliament just prohibited Canadian Bankers and Brokers from ever investing in US OTC stocks. There is a good reason for that.
Tweets are communications by companies approved by the SEC. Just because you didn't get any details from that Tweet doesn't mean its content is not true. The mere fact its from the company says its true. We just have to wait for the details. Some have already said there is no banker. I think they only put the knife in their own backs, and a future disclosure will twist it for them.
Mr Nuts, better clarify that Company "A" has Black Shoals required accounting and 98% of those "expenses" and "losses" are paper only, not actual cash, based mostly on the way the SEC and GAAP requires PCOAB firms to account for convertible stock. But you know that, don't you?
Here, you have had $25M come in and poooffff....vanished, with no accountability, only reporting that everyone seems to want to ignore. Whats in your wallet....an SMME bank card? Didn't think so!
Nice try though.
Cheer up Cheeky, the market and the stocks all turn around at some point!
Only one green today so far....STRT, but then again, thats a real company.........hopefully they can make up for SMME, NXTD and RXSF today.
I saw a card, in a case, and talking with her to allow her to keep hyping what it can do is not the same as it actually doing. I know enough about this technology that you could have demonstrated the biometrics on the card, since it works independently from the back end system. Yea, some of the circuitry and component's on the card, from what I can tell looked legit, and hey, it might even work. But still no proof yet.
And again, thats fact and realism. NO CARD has been demonstrated to work. NONE. But there has been a lot of hype about it being "shown" and "in discussions" with issuers. Again, stuff that has been said over the years, to the word. Until then, I see nothing.
Thats a stock that's been extremely manipulated by a few people because of the minuscule float. Between day traders who tell obvious lies and misdirect the facts to create diversion so they can either acquire or sell, as well as MM's playing for a .30 cent spread, and convertible leak outs, thats to be expected. I say give it time in that one, they have done everything they said they are going to do, and a few lies and misdirection by manipulators won't change anything. Especially to no audience.
Because unlike others, I invest money (albeit, not a lot here) in specific markets, and biometrics is one of them. My money didn't go to the company unfortunately, it went into someone else pockets in the open market. Maybe someone that got stock at a 50% discount to market. Either way, you have to call a horse a horse at some time. Are there challenges here, of course, just like any other company. But to tolerate 14 years of.........actually, nothing, is kind of absurd. And if you can't agree with that, I understand that. All I asked for is proof of something....going to a trade show is not proof of an existing working product, especially one like this. Wouldn't the CEO here want to improve PPS for her shareholders, and demonstrate the card publicly to show where the money has gone? To show something for $25M and 14 years of shareholder touts, leading to frustrations. I am sure a lot of old shareholders have nothing to lose at this point in time, by waiting. I can't blame them either for that. But to attack people based who only bring up lack of results and SEC disclosures that show certain things, is really counter-productive. Had you taken the position yourself:
"Yea, I am really frustrated, but I hold out hope here because for whatever reason I believe in the company", that would be much better than trying to attack me, and others for stating the obvious. If you came back with facts, that are verifiable based on disclosures, we wouldn't even be having this talk here. But we both know you can't, so you revert to attacks. I get it. IHUB seems to be a place to foster hype and frustrations. It just may be you are frustrated and taking it out on a few posters that have dug in. And I get that too.
I told you in the past, I hope this does well, because I can make some money from it doing well, not doing poorly, but some things have to change for that to happen. Can't just slide along on the status quo. not fair to you, not fair to me.
I saw nothing in prior disclosures (maybe I missed something) that would indicate appropriate money spent on a factory, manufacturing, a product, etc.......just more hype. YD dug a little further and focused in on admin anomalies for a company that is suppose to be on the verge of a "breakthrough" technology. Sorry shareholders, NO COMPANY, even bioTECH companies spends 14 years developing its drug and getting FDA approval. Lots of actual money $25M and counting? on a science project? I know some don't want to hear that and it stings, but based on the filings, looks to be the only real truth here. If not, POINT TO SOMETHING VERIFIABLE, anything? Now is your opportunity instead of clinging onto "ideas" that were actually "borrowed" from someone else, and being "implemented" by someone with no apparent historical successes. And stop saying its a research company orlet it get government grants to empower humanity. You are talking sales of stock and diluting shareholders to pay for the CEO and her lifestyle without any verifiable or measurable results.
I'm sorry, 14 years, $25M later.....seems like this company waited for third party technology to catch up to slap something together.
I really beg to differ. Company keeps diluting at 50% off market while paying CEO for cars, trips, homes, etc......without a dime. I can understand 5 years in development, or maybe 7 - this is NOT a bioTECH company, so you don't get a 15 year science project, ZERO revenues, $25M in capital raises, and a product that has yet t be demonstrated. All I see from this company is massive shareholder dilution, regurgitated press releases about the "market" and NOTHING about its products, and a complete failure by most of those here, to simply conduct basic DD based on disclosures signed by the CEO herself. You are riding on air here, nothing more. And those shareholders down under may hit the ground very hard soon.
Not an issue, this is a bash-free zone.
After more DD, I may have to remove SMME from my list of stocks to watch, looking into issues brought up by independent DD. Will keep you posted. Look for NXTD to continue to bump up slightly over next week.
Then me too with my meals 25K shares
Show me ONE positive thing in this company's filings thats verifiable in 14 years. Sales? Actual product demonstrated? Any BIG BANKERS getting behind the company? Saying a product was "shown", or "talking to Bankers", or "talking to card issuers or banks" is more of the same. Time to show shareholder a contract. Even 1 single contract. Until then, this is just another poor excuse of a public company.
When a company's own shareholders IGNORE the company filings, or can't see the BIG picture, over 14 years, its not us drinking the Kool Aid. I am STUCK with shares. Happy it was up 6% yesterday, but we all know, that will be very short lived until we see some REAL progress. Until then, massive shareholder dilution here quarterly at 50% discount to market. ALL of YD's disclosures are taken exactly from the CEO who signed the filings. Its not made up. Kool Aid tastes the same in Australia as it does here.....MATES.
Yea, it sucks not knowing whats going on, especially when most OTC companies that don't release news are the ones that are criticized as scams, and doing things "against" the "shareholders", at least thats the mantra espoused by a few. We all know the Q is coming, and will be filed within the NT legal SEC extension, just like 700 other NASDAQ and NYSE companies will as well. This hard line crap of "they said this week, or "exact words", well I am sure it means along with the Q. And how irresponsible is it to file a disclosure that doesn't accurately reflects Q1. Do you want them to file it and not contain accurate information and then bear the cost of having to amend it, just so traders can sell according to their timelines?. We all know the game here. Target, bash, run it down take it and flip it. Never made sense to me if someone held shares, why trash a company unless they are making money on the way down. I could think of 100 really bad things that could happen to this stock, and NONE of them have occurred.
So what a few see as negatives, others see as responsible. Its business first, then shareholders, and thats exactly what I want management to do, in that order. Its easier to take down a deer than it is a tiger, and thats why traders don't attack tigers. Enjoy it while you can.
It could very easily go the other way....see that you follow me around. Trust me, you don't want me making this home.........
Are they a biometric or healthcare tech company?
I really can't answer that ........... but I am sure if you asked the company, they would probably let it ride earlier than late.
That depends who's looking. RXSF does not run any awareness programs via OTC scam "IR" firms. They are looking to make a move to a national exchange so they won't do that. I don;t expect any new eyeballs yet, but that will come in time I am sure. Meanwhile NXTD bought its 300,000 "members" from Worldwide, but gave away the shop for it...enjoyed $1.50 for about 3 weeks, now down below .45, even on NASDAQ.
ROFLMAO......yea, with 500 share volumes....LOL.