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Great article! The summary of why Utopya dropped off, the positive feedback for acquiring an awesome team of advisors, and good mention of non-negative quarterly report are all things people need to remember.
$$$ Utopya
Pretty nice to have a group of leaders that already went through a failed startup company. Cant beat learning what not to do, firsthand. What is your stance on the preffered b shares? I noticed the posts stopped after the company said people were mistaken on how the process worked as far as when they officially changed to 1:2 conversion ratio. So Owen is now the hot topic?
I posted another users reply from IR yesterday that validates nothing else needs to be done on the preferred B matter. Once they voted and changed the conversion ratio internally, it was effective.
Utopya has officially changed the preferred b share conversion to 1:2 from 1:2000. It was voted on and approved, the matter is handled and over with.
LOL... Someone has to try and keep Utopya from happening. No one likes another start up company taking a percentage of the market.
$$$ Utopya
Checkout the reply from IR about the 38 billion shares you're dreaming about...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139655871
Not a problem at all. Utopya took care of the preferred b shares.
$$$ Utopya
And I predict you are wrong.
The stock price does not accurately reflect a company's value or intentions in the OTC. If a product is not released by October, I will 100% agree with you. However, with Utopya announcing that marketing will start next quarter, flip and bash while you can. I hope you aren't left in a deep hole when it takes off. GLTA
$$$ Utopya
Fact - Stock does not drop in price if people hold what they own.
Flippers don't own enough stock to push this down more than a few ticks.
They need your help selling shares to drop the price! Don't fall for it!
LOL.. So everytime the MM's gap up, and immediately drop it back down to support, counts as a loss? Then ANDI is down several thousand percent over past few months, because there has been a lot of MM gapping at open...
Or maybe they were buying back shares starting from the time of the reverse merger... And $40,000 worth of shares in November and December would be hundreds of millions of shares. Food for thought
That is the big question... They can buy back shares and retire them or not worry about the share structure at all, and just sell millions of phones while not letting anymore conversions happen. We are just along for the ride!
cruecu, Thanks! I was wondering where he got the 12 billion from... That makes sense to defend the market cap value from that perspective. I figured he was saying it was the uplist requirement. However, we can easily achieve NYSE requirement of $50 million market cap
As far as Utopya's future market cap, I completely agree we need a reduction in shares, but we could also achieve a large market cap with a bigger share of the world cellphone market (less than 2% lol).
If the company is claiming uplist in 12-18 months, I would assume they have goals for one or the other.
$$$ Utopya
15% down ? Last I checked the low of the day was less than 10% down... And currently 3.85% down. Good imagination though!
Wow! Where did $12 Billion market cap come from? I hope all your DD doesn't come from there...
Here's a link with REAL listing requirements:
http://venturelawcorp.com/nyse-mkt-listing-requirements/
Clearly states $2 pps with $50 million market cap
Less likely, but for NASDAQ:
https://www.investopedia.com/ask/answers/121.asp
Which clearly states $850 million market cap average over previous 12 months and $90 million revenue over last fiscal year.
That would be awesome! Minimum of $2 pps to uplist... ;)
Mike already confirmed that people speculating the company needs 60 million dollars to start production just don't know what they are talking about. He confirmed that they can start production with less than 8 figures (less than $10 million)... But I guess DD doesn't count for anything in your line of work.
$$$ Utopya
I've read a few others mentioning uplisting this year... Did I miss a response from IR or another source that CONFIRMED they are trying to uplist this year instead of Q1 2019?
$$$ Utopya
I agree! I don't think we take a loss, period. I believe the ecosystem will be very profitable. I just didn't understand the logic of volume making up for losses...
How does a company sell low-end phones for a little loss, but make up for it in volume? This logic is a little off... If you take a loss on one phone you lose $10, if you take a $10 loss on a million phones you lose $10 million... Just sayin'
I invested in this stock in the trips, I have not lost anywhere close to 75% of my gains... Maybe 75% from where you bought in, or at a "certain" time that you choose. But as for this stock, it is still up over 650% from the reverse merger with Utopya.
$$$ Utopya
Did I miss a PR somewhere that promised news this week? I know CLEC was hoping for an acquisition of another entity within 10 days, but that's it... And if that is what you're referring to, that could be a PR several weeks from now, when Utopya acquires CLEC "OFFICIALLY".
$$$ Utopya
Do we have proof they are adding blockchain? That would be great, but I would like to be sure this isn't speculation.
$$$ Utopya
This was a great find! This proves that only 27 million common shares can be converted per year, by any individual preferred B shareholder, regardless of how many preferred B shares they own. And as our pps moves up, the less common shares they will be able to get out of the conversion rate. Outstanding!
$$$ Utopya
And if the company got 500 million shares before the jump in pps (@.0001), they would only have spent $50,000... Crazy to think about how much of a possibility that could be!!!
$$$ Utopya
It is reasonable to come to those conclusions. One thing that could change the OS/float is what they are doing to make it "better for the shareholders", in regards to share structure. We may actually see a decrease in OS/float... Share structure is one of the PR's I personally want to read about first.
$$$ Utopya
Huge selloff... lol
They must not be doing what you think.
Maybe they understand that holding shares of Utopya will payoff big.
$$$ Utopya
News has a good chance to come out on Thursday, when looking back on previous news release dates. Not a hard cut fact, but something to think about.
Lots of buying happening right now... Has something been released or about to be released?
$$$ Utopya
Can't wait for more!
This would be amazing! I know the U team has something up there sleeves for sure. Patience will be key here.
$$$ Utopya
And that is a good fact to show people! The real AS/OS is something that should be shared constantly. But why is it not available, even after the new TA? And they're saying it's legal working on it... A new share structure was supposed to be released over a month ago, according to management. I'm not selling shares by any means, but it is part of why this stock is not jumping like other, weaker stocks. In the long run it is probably healthier, because flippers and such are investing right now. Guess we shall see in a year or so.
$$$ Utopya
I'm not sure it's dilution. Just as you are not sure it is not. However, dilution does not only come from debt... The company can create more shares whenever they want more money. With that in mind, I do not believe that is what the company is doing, because they have confirmed they will not dilute. And as far as the "fake" 10k ask walls, I have been watching L2 as he has absorbed around 500k shares, or more, at every level he has been sitting on over the past few trading days, he is legitimately selling millions of shares. The only thing I find odd about the situation is why he is disguising his amount of available shares with the dilution ask of "10k shares". It's not scaring me either way, but it's definitely affecting how people are buying right now.
$$$ Utopya
I don't think you're the only one... No one wants to buy from a MM that sells millions without increasing the PPS. What gets me is how mad the other MM's have to be, because he's just sitting on the ask and not letting any movement occur unless it's down.
In my opinion, our t-trade at the end of the day will be more, from him sitting on the ask, than all of the volume for the day (at this rate)... Craziness
Not counting the t-trades that aren't being shown... It will be nice once we can get him out of here and move the pps up a little.
Gotcha. Very possible...
According to the PR, Utopya would not be diluting to raise the needed money for CLEC...
That is 16k posted to the L2... We have had millions in t trades each of the past few days, since he started his games. I hope its just manipulation instead of dilution, but we will find out once they let us actually see the OS/SS they are currently concealing, even with a new TA... Which is also odd, considering they were hired to allow Utopya to be more trasparent.... This would be a great time for a Q&A.
$$$ Utopya
I agree it could be unloading of any number of persons or institutions. However, why post ask sizes of 10k? And constantly sell hundreds of thousands before dropping to the bottom of the ask. Not just lose the top ask spot, completely drops to the bottom. And he normally sits on both bid and ask, but while all this has been happening, he will not show on the bid(bottom) until he has met his goal of sells.... Maybe someone is purposely imitating dilution??? Really strange. I dont know either way, just trying to piece, what he is doing, together.
$$$ Utopya
If I had more cash available, I would buy as much as possible. This stock is still very very profitable in the next year and longer. If it is retail, sucks for those getting out!!!
$$$ Utopya