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So happy they wasted the money to PR that meaningless award yesterday. I wonder how many shares they had to dilute to afford that? Geordan has no idea what he is doing and has completely destroyed any shred of credibility this company had.
Thats some game changing news... FFS what is Geordan even doing over there?
How exactly is someone "keeping it held down" when there is no buying pressure? There needs to be news with substance released that is beneficial to shareholders for there to be any move upward. A pump tweet from the CEO is not news. The long list of empty promises from the CEO is not news.
Geordan and Co. need to release some news for that to occur. Its been a few weeks since their pump tweet on twitter, they need to deliver an explanation. Anyone paying attention, though, knows they either will never mention it again or we won't hear anything for 6-8 months. Geordan is too incompetent to deliver anything meaningful in a reasonable time frame. Thats why no one wants to slap the ask, theres absolutely no reason to do so at this time.
A few things. 1) OTCX has been on the ask and the major source of the diluted shares. 2) A lot of people also loaded the 52 week lows (0.0011), so very easily could be selling for a 100% gain. Thats just smart people taking their profits and moving along, most likely because they didn't down the gallon of kool-aid like the rest of us. 3) $2500 total traded with little in the way of ask walls is not a stock "being held down". 4) (and this is really the most important part) Theres absolutely no evidence to support the statement that institutional money was buying in the 0.06-0.08 range, or at all for that matter.
Geordan was likely on vacation. That little pump tweet was pathetic, and likely just desperation to get some buying pressure. Hes been lying to, and misleading, investors since he took over as CEO, why should we expect him to have done something proactive there? Its not like we will get any information on the "meeting", at least not for about 10-12 months anyway.
Another acquisition? With what money? FFS look at the balance sheet.
What are you smoking? a $17.31 PT for a bloated stock trading at 0.0019? This will be lucky to ever hit copper again without a RS.
Maybe in a year or two, as Geordan and Co have proven themselves unable to deliver anything in a meaningful time frame. If you are expecting a move based off that twitter pump by the company the other day, you're going to be disappointed. How many times have we seen them post crap like that to either 1) later be forced to retract due to it being false information or 2) never be mentioned or acknowledged again. Geordan and Co. are desperate to convert the rest of their debt, but they have burned too many OTC bridges for anyone to buy their crap any more. I stand by my prediction that there will be a RS long before any financing deal is completed. If you think dilution and note conversions are done, I have a bridge to sell you..
George and Co. don't care at all about share price or exchange, they stated that directly. I am really glad he posted that pumpy tweet and then failed to provide any context. Thats a perfect example of the ineptitude of management here, just a means to sell more of their debt.
I hope so, but highly doubt it. I dislike the person who stated this but they were 100% correct: this is in a toxic debt spiral. There is still a large balance on the notes and the company is also diluting. Unless Geordan comes up with some non-toxic funding to clean out the remainder of note balances, this isn't going anywhere. I think an AS increase and/or RS are what to expect from the company next.
Are trips going to hit today? How long until the next A/S increase? They can't convert the rest of the debt at these levels without another one. Or will they just R/S and continue saying F you to their shareholders?
I've been saying that for months now! Once they max out the AS through constant dilution they will reward shareholders (who just paid off their debt) with a R/S. Theres no relief in sight as all the current selling is from the company. Discover still has $750k+ left on their note, which they cannot even fully convert at these levels. Not to mention the other note that just hit, as well as the money owed to PathUX last friday. Its the perfect storm of incompetence for BYOC.
The scumbags running this "company" really are absolute conartists, just like every other OTC CEO.
~$850k per recent 10Q.
I was hoping for an email address, his LinkedIn profile requires a premium membership to send messages. Either way, I do appreciate the response! Thank you!
Anyone have contact info for Chris?
The next note is hitting here shortly, downward pressure is going to continue for the foreseeable future. Thats on top of the discover note (with ~$750k as of the recent 10Q) and the company is still diluting. The balance sheet alone is an absolute nightmare, how can anyone expect a recovery? This has been mismanaged in spectacular fashion.
Another 250M shares issued.
Don't you remember what Geordan said? Share price and exchange don't matter at all.
Why would they say this? Because they need more dilutive funding to pay for any acqs. 145M shares diluted by company this year alone, which does not count the S800 or PathUX shares. Math is not difficult, compare the 10Q numbers to the OS increase and its amazing how they match. As I know someone will claim is Discover, you're full of s*%^. They converted $77k in Q2, which does not even remotely account for the OS increase.
L2 shift, and it doesn't bode well for longs. Look out below.
So why havent you been slapping the ask? The company is not doing a buyback, thats ridiculous to even imply. They have diluted 145 million shares this year alone to raise funds (this number does not include S800 or PathUX restriced shares that were issued. Also, don't blame discover either, they only converted $77k last quarter). Not to mention the fact that they have little cash on hand to do a buyback at the moment. Its a cop out to blame retail selling when the vast majority of shares sold during the collapse were coming from the company. The capital raising was needed, granted, but it could have been managed in a way that did not cause a 99% collapse in SP.
You realize that POS seller is the company, right?
Are they ever going to announce a merger candidate for this turd?
Printing 52 week lows faster than this company is printing shares. The level of incompetence displayed by management is astounding. What have they done over the past four months to address this collapse? Absolutely nothing.
The same thing as every week. Geordan and Co will do absolutely nothing and we continue to collapse. Basically the same weekly pattern since he took over as CEO.
The daily -20% that we have seen all summer. Discover is still routing heavily through OTCX and the company won't be delivering anything with substance. Meaning there is nothing to stop the continued collapse.
Down she goes. Bid support has dried up and Geordan continues to fail shareholders. The collapse will continue while we wait for him to deliver something of merit.
The contract is likely pro bono as a foot in the door. That would explain why they didn't include details IMO.
Something, something strong hands, something, something volume before price. It wasn't correct the last 10 times people have said it, maybe its lucky number 11 that will turn it around?
The sad part is if Geordan had been proactive from the start of his tenure, he could have nipped the collapse in the butt, and this run would start from copper, rather than dubs. Good on them for actually delivering something of merit, but it looks like the damage is already done. Discover is still routing paper through OTCX as well, so upside in the short term is extremely limited.
Haha nah. Stagnation and continued bleeding on the horizon. Theres been nothing at all from Geordan and Co. (obviously), and conversions are still undercutting the ask continuously. Only one direction for this to head.
Look out below.
People keep trying to call bottom or another imminent run, and you're still not correct. The only way this runs is on meaningful news, and strong fins from PathUX and I&A. Given Geordans (and Georges) notorious track record of over promising and under delivering, theres no reason to believe a run up is coming. Also, conversions on the toxic debt are still occurring, which will further prevent any upward movement.
The bottom line: Geordan needs to get off his a$$ and actually deliver, or RMD is going to end up being 100% correct.
Finally! They have been sitting on this info for a while now, its nice to see them finally get some news out to shareholders. Hopefully this starts a spree of PRs and is the start of improved communication with shareholders.
The move isn't going to continue on air alone. Geordan needs to put out some news or we fall right back down IMO.
Why would anyone slap the ask when the sellers have been bid dumping for months? Why would you overpay for something you can get much cheaper? Catch the knife if you want, more power to you, but thats a rookie-level mistake.
Until there is action from management and they start delivering, there is no point in slapping the ask, let alone taking a larger position. Let it bottom out in trips, where it is heading anyway. It will fall that far, as the company doesn't give two s*^&s about share price or exchange.
Haha people have been calling bottom since .035, and no one has been correct. It's not the bottom if they still have balance to convert. With OTCX and ALPS on the ask, we are still searching. Trips will be bottom, probably low trips.
No point in selling at 52 week low. However, there's no reason to believe anything is going to turn this around. Flippers reentered so unless they have some buyout news, it's going to stay sub copper until they RS.
Are you just ignoring the $2M promissory note that is currently converting?
OS was just over 1B in April, before Georges death. It has now been bloated up to ~1.3B (+30%) in the matter of a few months. That is more than enough to account for the drop in share price. At this point, you're just lying to yourself about how badly we are getting screwed by Geordan and Co. Just last week he said it was shorts driving the downward pressure, yet the OS increased 70M shares last month? Does that make sense to you?
OS updated to 1.286B, wasn't it just 1.216B a few weeks ago? Company is really taking that fiduciary responsibility seriously.
No, what they need to do is release the information they are sitting on and actually execute the plan they have presented. Everyone is down big here, and a large amount of that blame lines with Geordan. They have done absolutely nothing to turn things around here since SP has nose dived off a cliff. They have been extremely late on every single timeline they have presented and have no ambition whatsoever to stop the downturn or stay QB, as it "doesn't matter".
All this with $1M+ left on the convertible, and there is NO WAY this turns around in any meaningful way. They will max out the A/S before they can convert the full balance down here. Watch the NVSOS page for the next increase, as its almost certainly coming in the next few weeks.
Bottom line, Geordan has been a complete failure at CEO. He has not executed the plan in a timely fashion and he refuses the address concerns with meaningful information. His failures have costed everyone A LOT of money.