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My source is the last quarterly and fact that the discover note was for $2M.
Still a large balance left on the convertible, the seller is here to stay for the foreseeable future.
Only a matter of time now. The chronic inability of these jacka$$es to complete anything in a timely fashion ensures this is headed no where but downward. After 2 years, the only thing they have accomplished is completing the S800 acquisition, in which they mislead investors on expected revenues. PathUX revs will be shyt, Issues & Answers won't be any better. Where exactly is the catalyst to change the tide here? Maybe in 5-10 years, there will be value, but there is literally nothing this "company" has to offer that will generate revenue in the short term (other than selling shares of course). Integration of the PathUX software won't be completed for years, at best. They can't even get a website complete, how exactly are they going to be able to combine new software/tech in a timely fashion?
Anyone telling you differently about BYOC is trying to sell you their bag, or are pathetically trying to pump a dead ticker.
Fins are complete, they are simply sitting on them for some reason. You don't close an acquisition without having the audit completed. The fins won't be very good, and they won't do anything but cause further bleeding from the SP.
There wont be anything released until the 10Q for Q2. So another month+ of the death spiral towards trips at a minimum. Mgmt has publicly stated that they don't care at all about share price, or by extension their shareholders, and are content to watch this ticker die. There isn't anyone left to trigger a significant move anyway, just bagholders who will dump out on any move northward. BYOC is DOA.
Yup, maybe in 10-15 years there will be value to be found. Till then, this turd will keep swirling down the toilet bowl. There will be no upward move until the convertible is complete and that will be months before it is done. No one is buying a milly+ worth. This will also be bumped from the QB in short order, as management has stated publicly they have no plan, or motive, to prevent the delist.
Likely heading lower. My info strongly suggests there is a LARGE amount left to convert (as in $1000000+ remaining of the discover note). No chance in hell the remaining balance gets bought up down here. Not factoring in their discount, thats still at least 250M shares. They are going to need another AS increase.
The ask is just going to reload again, as it has for several months. Theres still a significant amount of dilution and debt conversion. Its only going to continue to head southward until that stops.
They actually get a 90 day grace period.
How Long Before Losing OTCQB Compliance ?
Just more fluff for them to continue diluting into. Theres no point in chasing this up as they have shown a willingness to bid dump sub .004.
OTCX back on the ask. The dilution continues, seemingly without end. Itd be beneficial for everyone if they backed off for a day or two and let it breathe.
So they need to generate capital but theres no significant dilution occurring? Those are pretty much mutually exclusive. If there are only halfway completed with the dilution, this is going to tank even farther and might explain why there was not a continuation of thursdays move.
Good day yesterday, but just imagine how easily it would move if they would stop diluting into their 8ks.
OTCX still on the ask and reloading when hit. They are still diluting.
With OTCX still on the ask, we arent at the bottom yet.
Another silky special that turned out to be nothing more than a P&D lol.
Selling 125 millions shares into their own 8ks, in which they provided no fins, should tell you everything you need to know about this management team. This is no different than any other share selling scam. reverse split is next when they run out of room to continue diluting it to death.
Now someone tell me how we are going to win so hard.
Nice to see dilutive MMs have the ask walled up already. Geordan must need to raise some cash for a plane ticket home.
~80MM over the last 2.5 months or so, and thats just what we can confirm since the last O/S update. Which accounts for a large portion of the volume during that time frame. So yeah, I'd call that heavy. Additionally, they aren't far away from being booted off the QB, which is 100% the companies fault for dumping millions of shares without bid support. This is starting to look more and more like a share selling scam. I'm just waiting for the RS announcement that will be coming any day now.
They must have royally f*%&ed something up at the LD Micro event ("the supposed game changer") given this mornings action. Thank goodness for those weekly updates, new website, new IR firm, etc. Just really, all around, incompetence demonstrated by geordan and the entire, remaining, byoc staff.
How in the world do they have money for acquisitions?
They pulled the Series A and B designation today, not exactly sure why they would do that?
Give it about another 6 months. They don't do anything in a timely fashion.
Never underestimate this managements teams ability to destroy shareholder value. People have been calling bottom here for the last two months and no one has been correct yet.
Is that really news? It's been known for several months and will likely have no impact on stock.
Who could have seen this sell off coming? You can get a lot of valuable information about how a group trades from their discord. This group indicated that .03 was their selling point and what do ya know...
Yeah I saw that as well. Hopefully they find an RM candidate in the near future for you guys still holding.
If they refuse to put it in a filing, it's all BS. I dont trust a single thing coming from Geordan or anyone left in management for that matter. Between the nonstop dilution, the blatantly false information being provided, and the lack of communication on shareholder concerns, I'm surprised this isnt back at trips already.
Know what group was running the play and how they trade. The dump out was coming on this one, it was overdue. All of the tickers they front load and run together trade exactly the same way.
Fool me once shame on you, fool me twice shame on me. Look up what happened after the first R/S (in late 2017 if my memory serves). Not trying to bash, just very predictable given their history.
Makes you wonder what else they were dishonest about.
Things are really looking great here! All that visible, hard work being done by the company is really starting to payoff. Really excellent stuff. That new website might be done sometime in 2025!
Well, at least we know now what has been driving this major downtrend the last few months. 10Q confirms that it was not manipulation by MMs, as many had been claiming.
But, but, but, last week confirmed a reversal!
They are now in default with nvsos after missed deadline for officers list.
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=iqYPNbzui2bLRIJsBYS82g%253d%253d
Well everyone can rest easy knowing that they tanked the price by making an ill advised application when they didn't meet the requirements. At least they know how to apply to an exchange though, right? Totally worth it!
If you and your advisers can't figure out the correct path for your company to uplist, then you have no business applying at that time.
And its gone. L2 has shifted and clearly its going much lower today. The endless selling seems to be continuing unabated.
They had no cash on hand and the has been over a 12MM share increase in O/S in just the last few weeks. I may not be an expert, but it doesn't take one to figure out whats been happening. Having said that, there has definitely been a lot of selling going on from those long lost "true longs" as well. A perfect storm of incompetence.
If they are promoting it, they are selling. Front load and dump on followers is the name of the game. BYOC just another ticker in a long line of bag holder makers. It doesnt help that this two bit management team refuses to lift a finger to try to stabilize the price or calm investors. Basically telling you Thanks for all the support, now go f*!$ yourselves. I wouldnt be surprised if trips hit next week. No one seems to trust the company any longer.
R.I.P. BYOC. The meme stock is finally dead and it was killed by the sheer incompetence of its own management team. Dubs are coming, only a matter of time now. No one is going to catch the knife and management clearly doesn't give two shits about investors. Anyone still holding is going to get cleaned out.