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Any details on the Navy Capital deal. Did they buy shares or convertible debt or something else - and at what price and terms?
It's dangerous to ignore basic economic principles.
On June 26, 2018, SK Energy loaned the Company $7.7 million. As part of the same transactions SK Energy entered into a Stock Purchase Agreement with Golden Globe Energy, the then holder of the Company’s outstanding 66,625 shares of Series A Convertible Preferred Stock (convertible into 6,662,500 shares of common stock), pursuant to which on June 25, 2018, SK Energy purchased, for $100,000, all of the Series A Convertible Preferred Stock.
Golden Globe sold 6,662,500 shares for $100,000 ($0.015 per share - a penny and a half). The market, being given to fits of mania, now values those shares at more than $15,000,000.
Also, the Company issued SK Energy 600,000 shares of common stock at $0.308 per share.
It's impossible for this company to suddenly be worth $ 40 million when, according to pre-mania market price, it was worth a tenth of that two weeks ago.
They may have zero debt but they have 260 million shares after converting the Preferred. That's in the $150 million market cap area.
Compare that with the $15 million total assets BEFORE giving up some of those in the recent transaction. The valuation here makes no sense.
I can only think people posting here about CEI's value are willfully ignoring this most important fact- for reasons only they can know.
It's Cayman registered Discover Growth Fund who controls 255 million shares and obviously would benefit from publishing this false information.
All 255 million shares are registered and can be sold at any time. I'm sure many were on the back of Friday's 38 million share volume.
The right price for this stock is well under 10 cents per share.
Here's something that might interest you, Janice - unless you already know about them. Network 1 Financial Group.
NTFL is a pink sheet stock that has no public disclosures since 2015. It's price is up 170% today, as I speak, to $0.065.
NTFL has been working with Boustead Securities (formerly Monarch Bay Securities)(https://www.boustead1828.com/) in bringing a bunch of odd companies public using the relatively new Regulation A+ route.
Examples are CIFS, ADOM,LYL and among others. https://www.boustead1828.com/transactions
I find it so odd and ironic that a non-disclosing pink sheet company is involved in IPO's.
Quite possible considering that Discover Growth Fund has 255 million shares to sell.
”As of the date of this Report, the Series C Preferred Stock would convert into approximately 255,389,477 shares of our common stock
A correction in support of your point -
1,000,000 shares @ $2.50 = $2.5 million - not a quarter million
What deal?
This stock is going nowhere but down with the incredible dilution. The Series C Preferred now converts to 255 million common shares!
July 10 - On July 9, 2018, the Company sold the Investor an additional 210 shares of Series C Preferred Stock for $2 million (the “ Ninth Closing ”). As of the date of this Report, the Series C Preferred Stock would convert into approximately 255,389,477 shares of our common stock which number includes 142,524 shares of common stock convertible upon conversion of each share at a conversion price of $81.25 per share and approximately 255,389,477 shares of common stock for premium shares due thereunder (based on the current dividend rate of 34.95% per annum – the failure of the Company to file its Form 10-K Annual Report for the year ended March 31, 2018, by the original stated due date thereof constituted a trigger event under the Designation, and resulted in an increase in the interest rate of the Series C Preferred Stock by 10% per annum, to 34.95%), and a conversion price of $0.1125 per share,
On May 18, 2018, Advanced Voice Recognition Systems, Inc. (the “Company”) entered into a Stock Purchase Agreements (the “Stock Purchase Agreement”) with one private investor. Pursuant to the Stock Purchase Agreement, on May 18, 2018, the Company sold an aggregate of 1,300,000 shares of common stock at a purchase price of $0.0035 per share for a total of $4,550.
This is old, from 2001, but still:
The federal grand jury indictment alleges that Anil Kumar Gupta, Walter Geldenhuys of Denver and Debra Lorraine Caldera of Las Vegas conspired to defraud three victims of $290,000 in a scheme involving historic railroad bonds that Gupta knew to be worthless as securities.
Because fewer people are posting.
I think you might have the wrong SK there.
The implication is that there will likely be a big seller and the float will be much increased.
That makes no sense at all.
Moussaka?
8-k filing released after hours today.
On July 3, 2018, SK Energy LLC (“ SK Energy ”), the then holder of all of the 66,625 outstanding shares of Series A Convertible Preferred Stock converted such shares, pursuant to their terms, into 6,662,500 shares of the Company’s common stock, representing 45.8% of the Company’s then outstanding common stock, and resulting in approximately 14,541,254 shares of the Company’s common stock being issued and outstanding. The issuance was deemed a change of control under applicable NYSE American rules and regulations, provided that such issuance was previously approved at the 2015 annual meeting of shareholders of the Company held on October 7, 2015.
"As part of the same transactions SK Energy entered into a Stock Purchase Agreement with Golden Globe Energy , the holder of our outstanding 66,625 shares of Series A Convertible Preferred Stock convertible into 6,662,500 shares – 47.6% of the Company’s outstanding shares post-conversion), pursuant to which on June 25, 2018, SK Energy purchased, for $100,000, all of the Series A Convertible Preferred Stock."
Does this mean that SK bought 47% of the company for a price of $100,000?
It seems the new 10K is greatly understating the dilution caused by the Series C Convertible Preferred. Hope their lawyers notice and company issues an amendment.
"As of June 28, 2018, the Investor was still due approximately 9 million shares of common stock upon the conversion of the remaining 1,112 shares of Series C Preferred Stock sold in 2017 and 2016, subject to further adjustments pursuant to the terms of the Series C Preferred Stock, based on a conversion price of $1.23 per share for the Series C Preferred Stock sold in 2016 and $2.92 per share for the Series C Preferred Stock sold in 2017, which conversion prices may actually be significantly less than such estimate and which shares due upon conversion of such Series C Preferred Stock may be significantly greater"
But really it's a floorless convert that right now has an exercise price of $0.15 ish. That converts to around 75 million common shares - as compared with the almost 16mm outstanding now.
"the conversion rate would remain 95% of the average of the lowest 5 individual daily volume weighted average prices during the applicable Measuring Period, not to exceed 100% of the lowest sales prices on the last day of the Measuring Period, less $0.05 per share of common stock"
Please correct me where I'm wrong.
Any explanation for today's volatility?
GOPH just filed a $150 million S-3.
When and why did Bauer resign as CEO and Chairman?
130,935,102 Common Shares outstanding at May 14, 2018.
26,260,416 warrants outstanding at average $0.73 at 3/31/18.
Negative net hard assets.
Q1 net loss of $14,108,022 (including $9,588,872 of acquisition costs paid in shares of stock)
Probably error in info:
1. from 10Q - Common stock 130,132,072 and 58,215,406 shares issued
and outstanding at March 31, 2018 and December 31, 2017.
2. from 10K - As of April 11, 2018, 125,132,072 shares of common stock, of the registrant were outstanding
3. from 10Q - 130,935,102 Common Shares outstanding at May 14, 2018.
Desktop. Why?
Never invest in a company where iHub people post in bold. It's a known thing.
Better than the alternative, no?
In English, please.
C-Bond's corporate headquarters and manufacturing facility is located in a 8,200 square foot facility
How does this price make any sense other than that the float is only 1mm? The market cap is $600 million.
At this price, C-Bond paid $80mm for a shell to reverse merge into.
And C-Bond revenue last year at $405,417.
I stated a fact. News today. That's all. Why so much countering?
The CEO of nFusz just exercised an option from 2016 on 487,620 shares of stock for $34,133. Not a bad deal for a stock currently trading near $1.60 a share.
Interesting thought. Reminds me of a well known politician - who Rory, by the way, sounds just like.
FUSZ' Cutaia did another shareholder video last night in which he says the TA is not gagged and neither Kodiak nor Oceanside have sold any shares. He says the TA can't respond to shareholder questions because it's too time consuming.
I'm not clear on your post. Are you saying you have put over $200,000 cash into this stock?
Currie has been in the death spiral business for many years. He was a broker in notorious Vancouver Canada before moving to the Cayman Islands, no doubt for its lax oversight.
Here's one article:
which brings us to one other noteworthy Crest shareholder, Dain Currie, the former broker who handled Georgetown's IPO. He acquired 470,000 Crest shares from the October private placement and owns at least 570,000 shares. Last year, Mr. Currie left Vancouver and the life of the brokerage business to move to George Town on Grand Cayman Island. He had previously worked for more than a decade as a broker at Haywood Securities (and previously Bolder Investment Partners, which Haywood acquired), where he had helped package capital pool shells and sell IPOs for well-known Vancouver promoters including Mr. Bebek and Mr. Wallace, as well as Carl and Janet Pescio.
https://www.investorvillage.com/groups.asp?mb=13685&mn=42661&pt=msg&mid=13629252
nodummy -
How do you determine which shares issued are free trading? I should know this, but somehow I've never figured it out. I don't see any specification on the SC 13G of April 23.
If I'm asking for too much of your time, could you point me to some resources on the topic?
One other note on that 13G - the issuer address listed is slightly different from that on the 10K or the 8K of April 23. 346 Hauser vs 344 Hauser, and Suite 210 vs Suite 414. In any case, both addresses are purely residential as far as I can tell.
Thanks, Peter
"And even though they had all that cash left, they still issued 10,836,366 free trading shares of stock to Oceanside Strategies Inc on April 17th "
What makes you think he believes that nonsense?
CEO of $500mm market cap FUSZ blaming it all on the shorts.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140375697
There's also a wonderful video. Cutaia could make an honest living doing Trump impressions.
Repeating the same posts several times a day is considered spam, and is a violation of iHub's rules.
Why you guys talking about garage bands etc? This is a company with 19 employees in a 1000 square foot 'office'.
Something is not right.