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Because with every news the noteholders dump more than tired retail investors are willing to buy, quite simple really.
Of course the note holders dilution is with Toms sign of approval.
All news is worthless while dilution like this continues. If the CC was about dilution only it would of done something. But Tom does not want to cut off the ATM provided by retail shareholders.
BMIC and VNDM diluting for Tom again today.
Of course he will turn it around if he keeps financing everything with shares, he would want to be fairly stupid not to. The problem is this group of investors appeared to just getting used for financing.
The two groups of investors before the last two reverse splits were used as well and they definitely will make nothing back.
https://seekingalpha.com/filing/3722582
During the three months ended June 30, 2017, the Company issued 4,697,029,867 shares of common stock for conversion of $606,221 of principal and $78,951 of accrued interest, for a total of $685,172 and there are 118,559,273 shares of common stock to be issued (issued September 29, 2017) for conversion of $6,521 of principal of converted notes payable.
At the above rate the 35 million shares dumped by Tom today raised a massive $1935 to pay against debt. It would probably pay for one of his business flights.
Meanwhile the note holder made $135'000 profit on todays sells. You still thing Tom gives a dam about retail shareholders ??
The noteholders are making 10's of millions while the stock price dwindles and get close to a maxed A/S.
Flipping is the only way to play a stock, where you cannot trust the CEO and the dilution is endless.
Current status here was supposed to have stopped all the dilution and brought in institutional buyers, what went wrong. Surely those promoting Tom and this stock weren't lying ??????????????????
What happened the buyback, Surely those promoting Tom and this stock weren't lying ??????????????????
When did telling the truth become bashing. I view every OTC stock negatively because i've been doing this so long. Tom while some of you see him as a god is no different than any of the scam CEO's.
He will sell shares endlessly to build up his company. His investment will not be diluted but the retail shareholders always are. The retail shareholders pay for the lot and get used.
It people giving CEO's like Tom a free ride that allow it to continue. Do you seriously think he gives a dam if the O/S is 20 billion, it means nothing to him. As long as those shares buy something that gives his shareholding value thats all that matters.
Your looking at the wrong notes, look at some of those that converted just a few weeks ago. They converted at .00005, unfortunately its your maths that are off by a factor of 10.
Oh i always make money, easy when you have seen so many CEO's like Tom on the OTC in the past. Those that dilute endlessly and pretend that they have shareholders interests at heart. Even easier when you have those willing to believe what he says and be sold down the river.
Even more, so 35 Million in dilution today. The noteholders will be buying dinner today. They made $137K profit today on those shares. It only paid off $1750 of debt. With those numbers, the CEO is clearly an idiot.
I think most sensible people have learned to stop listening to those that keep believing Tom and also keep losing money.
23 million of dilution in T Trades already. Thats a 3700% for the noteholders, way to go Tom. They must be delighted with you, you clown.
BMIC and VNDM diluting all day long, Tom sold those shareholders that trusted him down the river.
Why? the CEO can't be trusted. Its clear with his never ending dilution that he does not give a crap about current shareholders. They are expendable and will be diluted into oblivion.
Undoubtedly he will build a good company but i don't think any of the current shareholders will benefit. Meanwhile Tom's shares will only increase.
Its not the Mm's that caused this to drop. This is solely down to the incompetence of the CEO in signing shockingly bad financing and doing nothing to fix his mistakes.
Investors realise he does not care about the size of the O/S which means he cares even less about retail shareholders.
Tom FAILED to do anything about the dilution and today is the result. Vndm and bmic having a great day. They are dumping with Toms approval.
He has once again helped out flippers and made fools of those that held and believed in him.
Market showing what they think of Tom, the market thinks he is just another diluting scammy CEO.
Well looks like dilution to continue and the CEO to count on some impressionable investors to keep buying his .00005 shares.
So dilution to continue ???
Are the notes next week still going to convert, i assume he is buying them back ???? Or is the DP news just going to be released to help interest to buy those notes and the pps goes nowhere.
No Buyback, i'm sure at the very least he has bought up all the notes ??
"Worked for 4 presidents and yet nobody will back up his play with traditional financing."
Thats what the CEO's blind supporters have no answer for. There okay with him selling shares @ 1% of the current pps.
It appears people don't trust the CEO, soon find out if there right. If dilution continues after today they were right.
All he has to say is dilution has stopped and the notes have all been bought out and it should make a penny by tomorrow.
If a plan to stop dilution isn't forthcoming then we may see .003's again.
Its time to pick a color, has he shareholders interests at heart or not.
You'll probably see it tomorrow once the allocated amount of daily dilution is dumped.
This CEO will go down as one of the worst diltuers on the OTC.
You can bet that his holdings are not been diluted. That is why he has no problem dumping shares @1% of the current pps.
Do the CEO,s fans here still think dilution doesn't matter. ?. He has made a complete clown of himself by selling shares @1% of the current pps.
If you think a CEO that does that gives a dam about investors you are badly wrong.
Anybody here would easily of given him 20 times better rates than what he gave the CD holders.
He could of sold shares direct to the market for almost 100 times as much as he got for it.
Its the reason the stock is almost 8 billion O/S instead of 4 billion.
Incredibly He signed up for more of that toxic financing just a couple of months ago. How people can defend him after that ?.
All the deals in the world make no difference if he keeps dumping shares like it doesn't matter.
That's an understatement. A clown could of done a better deal. He is selling shares as per the last 10q @ .00005. That's 1% of the current pps.
Use your brain i'm not your assistant, look at the daily T - Trades then the O/S increases from the TA, then the increases in O/S and notes in the filings.
I couldn't care less if you think there is no dilution or that there is no correlation between T-Trades and dilution, believe in fairytales if you wish.
Not always but in this case it does, we get a few weeks of large T-Trades and then the O/S increases roughly the same amount.
Its been the exact same pattern for 6 months.
We didn't go up because there was 10 million shares of dilution today as per the T-Trades.
How can it go up with this level of dilution. Were very lucky that there is still buyers at .005 holding it up.
Looks like it might close red, I hope that wasn't the "poop your pants" news that has been talked ad nauseum here for months.
Just look at the performance of the pps over the past few months. Giving away shares for almost nothing is the reason the pps is where it is.
Following your scenario, why would they ever do a buyback if selling shares is perfectly fine.
Because only a few weeks ago they were selling shares @.00005. That is 1% of the current pps.
Surely the CEO knows someone that can lend him money to prevent selling shares at such a massive discount.
This lack of buying volume is due to all the past dilution. Who in there right mind would buy if the CEO is going to dump hundreds of millions of more shares. The pps always comes back Down.
As I have berated for saying all Summer, dilution of the level seen in BVTK trumps all. It should of been sorted months ago by the CEO.
Those that claimed dilution doesn't matter are starting to see just how wrong they were.
Hows about they stop dumping billions of shares before we talk about a buyback.
Everybody sick of the constant dilution from the CEO yet ?