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No it hasn't , they just changed it!
From the latest 8k
"The Board amended its Certificate of Designation of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock to increase the voting rights on its Series C Preferred Stock from 1,000,000,000-to-1 to 8,000,000,000-to-1. "
The latest 10q shows $870,737 in convertible debt.
Total Liabilities. = $4,287,378
I'm not seeing a filing that is more current showing only 300k ??
All these pos companies put that boilerplate explanation in their filings! Did you notice that they also raised the voting rights to the Series C Preferred from 1 billion to 8 billion per share?
Yup , I read ever word & see many Red Flags!!
On top of the huge A/S increase , the huge Web of Preferreds , for every dollar they earn , they loose $35.00
Your just trying to convince peeps that it a good thing so you can unload your shares while the bids still above .0014 .
If it even opens up with a bid that high??
I think you are right.
Had this filing came out during market hours , it would've tanked.
Its not only the A/S increase to 8 billion that's bad but creating so many series of preferred shares are a huge red flag !
Par value only .00001 !!!
Series A Preferred Stock
Series B Preferred Stock
Series C Preferred Stock each share = 8 billion
Series D-1 Preferred Stock
Series D-3 Preferred Stock
Series D-5 Preferred Stock
Series D-6 Preferred Stock
Good luck getting out above .0012
You need to know that the OTC numbers that you look up on their site are first based on the company's last update and second is that the calculation for market cap is always based on the closing price from the day before.
Proof: based on your theory , the market cap showed $505,384 ÷ .0005
(Today's close) = O/S of 1,010,768,000
But that's not the correct O/S based on the Dec 31 update of
721,977,169
Yesterdays close was .0007 so---
$505,384 ÷ .0007 = 721,977,169
Tomorrow when you check the OTC site it will say---
O/S of 721,977,169 × 0.0005 (today's close) = 360,988.(market cap)
The O/S is approximately 1.2 billion , which is almost 3 time higher than back on December 14 when this had its last run from .0009 to .0033
There has been over 1.5 billion shares traded since the last update and they have been diluting about 40% on volume .
I wasn't that far off on my guesstimate before the last update and I'm pretty sure I won't be to far off this time.
If you watch the daily trading here you would see the 50 - 100 million share bid whacks that happen daily.
Next update should be out soon.
Good Luck
Update confirmed by who?
By the way , that last run from .0009 - .0033 only had a O/S of a little over 400 million & now the O/S is at least 3 times higher!
Even if this POS does get a dead cat bounce , it will never make it out of the trips!
As the toxic dumping continues the O/S is near 1,300,000,000
Hard to believe that the O/S was only 10 million only 7 mo. ago
Good Luck
9 bucks a share for a stinky pinky is cheap?
There won't be many penny traders wanting to trade it , so who will?
I don't think all of the damage is done.
There are still many peeps buying more & holding because they think the R/S will be cancelled or not approved.
But when the 1for9000 split shows up on Finra's daily list there will be one more huge sell off.
The only question is just how low?
.0001 to .0007 ??
Anyone want to make a guess on how low the pps will go when the split shows up on Finra's daily list??
My guess is .0005
270 million share in volume & is barely up 1 tick!
To much dilution!
Going to be hard to attract .0006 buyers with this kind of dilution taking place .
105 mil bid slam on the .0005's
Finra doesn't care about shareholders ! Just pull up a 12 year chart on FREEF Finra approved 8 Huge R/S's in 8 years that Has skewed the chart so bad that it looks like the stock traded at 300 Quadtrillion dollars per share in 2007.
$300,000,000,000,000,000 per share!!
Good Luck
Believing that the R/S will not take place is a long shot.
Whether it happens this next Monday or next Friday , I see no reason why Finra would Not approve This R/S.
Finra doesn't care about shareholders ! Just pull up a 20 year chart on GER*S , Finra approved 8 Huge R/S's in 14 years that Has skewed the chart so bad that it looks like the stock traded at 8 trillion dollars per share in 1998.
Good Luck
Not sure where your getting your O/S #'s ?
The last O/S update of 721,977,169 was on 12/31/2018
The company is in a dilution tale spin & is currently diluting approximately 40% of trading volume ,
So with around 850 million in volume since the last update , that would add around 340 million to the O/S
850,000,000 × 40% = 340,000,000
That's puts the O/S over 1 Billion
It's just a guess but I've been pretty close in the past.
Good Luck & remember don't marry this pig !
Trade it & get the out!
If the R/S is Approved ?? , with a closing pps of .0014 , then on the exdate , it would open up @ $12.60
Of course @ .0001 it would be .90 so it's pretty safe to say that it would open up somewhere between $12.60 - $.90
My WAG is $4.50
Good luck
With the split only 2 days away , I wonder who will want to own shares?? Could be a huge sell off Friday afternoon?
Maybe one more pump before the dump?
It could take longer for Finra to approve the R/S due to the government shutdown.
I see no reason why they wouldn't eventually approve it though.
Of course it depends on the closing pps of the day before the split.
.0013 = 0.0013 × 9000 = $11.70
@ .0013 now or $11.70 after split , that still only makes the Market Cap $1,623,425.
If Woodbrook proves their legitimacy & revenues to the market , I don't see any reason it couldn't run into the 100's of dollars.
Even more so if they bring in some big $$$ to buy into WDBG buy giving them a new series of preferred shares instead of diluting the commons.
Time will tell wether these clowns can come up with the goods.
GLTY
Looks like the .0005 buyers are drying up so the debt holders will have no choice but to take out the .0004 bid.
They have hundreds of millions of shares to sell so how low they take it is anyone's guess ??
Well one thing is for sure, we don't have to worry about the RSI needing to be cooled off!! lol. @ 37.5
But I thought it was a bad thing that Woodbrook was associated with Ziad K. Abdelnour because of his past ??
So now what's up?
It should be a good thing that we're not associated with him.
Can't have it both ways!
There goes the .0005's
"0005 solid bottom"
Not for long ! The ask @ .0006 is growing
SEC HALT VERY POSSIBLE = GRAY SHEETS = WORTHLESS.
BLSP volume drying up , just a matter of time & debt holders we be taking out the .0005's
They got their last load of shares @ .000232 So that's still over a 100% ROI
The notes holders get their shares @ a 40% discount to lowest pps from the previous low 20 days back.
Now its to their advantage to take the new low to .0003 so that their next round of shares will be @ .00018
What about the A/S stays @ 222,222 and they have large investors that invest big money into WDBG but get a new series of preferred shares & then the company has no need to Dilute the commons.
Oops , looks like the company lost in court with their biggest senior debt holder and has to cough up another $2,222,222.
From 10q pg. 27
The Company has also confessed judgment in favor of Leonite in the amount of Two Million Two Hundred Twenty Two Thousand Two Hundred Twenty-Two Dollars ($2,222,222)
https://ih.advfn.com/stock-market/USOTC/blue-sphere-corp-BLSP/stock-news/78721541/quarterly-report-10-q
This company is Toast
The OTC Market Cap # is a auto calculation based on the company's last O/S update. Which was on 12/31/2018
The company is in a dilution tale spin & is currently diluting approximately 40% of trading volume ,
So with around 540 million in volume since the last update , that would add around 216 million to the O/S
540,000,000 × 40% = 216,000,000
It's just a guess but I've been pretty close in the past.
Good Luck & remember don't marry this pig !
Trade it & get the out!
Well , one thing is for sure. Monday's trading will be "Extreme", with ((((((Huuuuge Volume))))))
The WDBG Casino opens its doors Monday @ 7:30 ET
Come one , Come all , from around the World!
Whether you're a Whale , Shark , Trout or just a Minnow , there will be plenty of action to behold! It will be So Exciting that Even the Spiders & Snakes will want to come and at least chime in!
Place your bets now , so yours is on top.
Some will sell too Low & some will Buy too High but in the End , it'll just be another trader/gambler fix that you soon won't forget!
Good Luck & Don't be Late!!
It will depend on the closing pps of the eve of the actual split.
Example:
If the closing pps is say .005, then the next morning the stock price would open up at $45.00
0.005 × 9,000 = $45.00
If the numbers in the NVSOS was a mistake , it's a crying Shame that Michael Doherty didn't at least address shareholders with what went wrong & when/how it will be fixed.
Now we just sit & wait to see if a 10,000 for one R/S is coming?
Sucks
Yup! That's exactly the chart of a toxic death spiral
Don't be fooled , just because the pps is cheap , doesn't mean this company will be able to pull a rabbit out of their hat!
The facts :
In May 2018 the pps was $1.50 with a O/S of 10 million
Since then the pps has gone down 99.9%
The O/S has gone up 90 times higher to just over 900 million (based on their 40% average on volume since their last update)
The company obviously doesn't have the money to pay off these convertible notes that have been coming due , so their hand is forced to give the debt holders shares at .00232 (based on their 40% discount from the lowest pps in 20 days)
That's why they call this type of debt/financing toxic because most companies that resort to this type of financing go into a toxic death spiral.
The company has to go on though because there is still way to much debt to convert to shares So once they beat the hell out of the current shareholders , they will just do a huge R/S & start all over again.
All of these "Green Energy" plays seem to fail & just turn into share selling schemes that run off of shareholders "Green"
I see this one turning into another GERS
I've been placing my bets from .0011 - .0014 (2m) that the CEO is not a total incompetent idiot!!
The CEO holds 90% of the common shares , I'm sure he has a better plan up his sleeve that we are still unaware of.
GLTY
Company updated the O/S on 12/31/2018 @ 721,977,169
The past few weeks the company is diluting on average of 40% of volume , so there has been around 424,000,000 in volume since the last report × 40% = 169,600,000
Getting close to 900 million
Hard to believe the O/S was only 10 million only a few months ago.
Actually the company already received the money from these toxic notes that are converting.
The dilution you've been seeing is the debt holders converting their shares they received at a pps of .000232
For example:
$339,000. Note due today
Crown Bridge Partners Note due on Jan. 3rd 2019 of $339,000
so with them getting shares to sell @ .000232
(based on their 42% discount to the resent low of .0004)
it will take 1,461,206,896 shares to satisfy this note.
That's just one of the notes coming due , there are many more to come in the next few months. That's why the company just raised the A/S to 8 Billion because they knew what was coming.
Good luck
40 million dilution bid slam! BOOM
The only play left is getting .0003's and flipping @ .0005