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Exactly. What’s important is how you trade the stock.
What is a good entry PPS here?
Where did you get this information from?
They are packing up the office today. Bankruptcy in process.
There should be no RS before 2017 as per Ryan. That's 6 months and 2 weeks from now if he keeps his word. Once it's 2017, he can RS all he wants. More than 7 months have already passed with no real PPS and SS result and it could easily happen again. So don't count too much on no RS, correction needs to happen now not later. Waiting is not in shareholders best interest.
Would be a waste of time, he doesn't answer anything.
Is it because Ryan didn't pay in time or the converter breached the agreement?
Could you explain this more?
When something becomes your possession, by any means, even if you found floating in the sea, and then you lose it, it becomes a "personal loss". But still Ryan has a long way to go to win frustrated shareholders' trust back and actually save the stock. If he doesn't change his attitude, the moral effect of the 1B retired shares will fade away very soon the stock will continue its death spiral.
after all he bought the shares with his bonuses, so no personal loss
At last something really good in a long time. Hopefully much more to come.
What buyback? Have you seen the minuscule daily volume recently? Also have you seen the diminishing ask size and increasing bid size over the past 3 weeks? In what way you translate that into a buyback in effect? And if it's really in effect, what volume is being "effectively" bought on daily basis? 2-3 million? Instead of wishful thinking, it's better to ask Ryan to actually start the buyback and also release the financials and answer the many things he's been hiding from shareholders, maybe that saves the stock.
Yes, he only dangles carrots to let the pumping start every now and then. Once he was contacted for a huge contract then silence, and once going to an acquisition meeting then silence, and once asking for 1B shares certificates and dynamite but no explicite reason (till now) and leaves everyone guess. Not to mention the late financials and other things. If he doesn’t want to answer or those actions are confidential, why does he provides such incomplete information at the first place? Now his pumping doesn't work anymore, the list is already long and no one is buying that trick anymore. Maybe technically he is not obliged to answer but this only takes the stock down along with shareholders' investments. The only way to fix this stoc is for Ryan to correct his reckless and elusive attitude and act responsibly.
Someone did here about 3 days ago. Ryan was asked about it on Twitter but didn't answer as usual. Maybe someone can double check and inform everyone.
Ryan's suspicious behavior opens the door to all sorts of negative interpretations and gives rumors a room to grow to hurt everyone. For whose benefit is he doing this?
How long does it take to show in public records?
Exactly. Instead of providing information on a long list of important question, he actually extended that list. About 10 days ago he said information would be provided about the newly converted 247m shares "soon" but he hasn't so far. And now the TA gagging. I can’t find any good way to translate this into and can't accept the wishful thinking approach some are following here because they have no information at all but strangely enough they keep on trusting Ryan. I wish they would spend that time and effort trying to get to the button of this instead of cheering while their investments are dissolved week after week.
There won't be a little room between the AS and OS if he raised the AS to say 20 billion. After all with a gagged TA you can't know what happens. What’s more important is why Ryan did that at the first place especially that's a new item added to the list of things he's hiding and refusing to provide information about. He was asked about this on Twitter but no answer as usual.
The TA was not gagged before. The gagging is very recent.
It's really strange that they keep dwelling on this point while no one seems to care about more important issues like the recently gagged TA which should deserve much more attention as it could be the beginning of a disaster.
What's your source?
You mean no RS for 7 months till the end of 2016 as per Ryan then he's free to RS. Shareholders better wake up and realize the increasing problem especially after gagging the TA and try to find a way to solve it.
How backwards? Could you explain how you see it?
This is not a good sign, another reason to think Ryan is doing something wrong and hiding it. But how did you know about the converted shares then?
TA is gagged? Are you sure?
I don't think it's buyback because as far as I know it's restricted to the last 45 minutes of trading. Still it's unusual and hopefully is an introduction of something good.
Good explanation of the current situation but unfortunately it doesn't go beyond a hypothesis. I heard different positive explanations but every such poster failed to prove anything when his explanation was challenged. At a certain point, things become incoherent and silly, and something smells wrong. This is when an official documented information is required or at least an official explanation by the company. This is one missing link to accept your explanation. The other missing links is that such information are always relayed via 3rd parties while Ryan is absent and no one knows why. If his plan relies on demoralizing the shareholders to let go of their shares so he can buy them cheap, which would be unethical, why would anyone trust him on anything else? The problem is that on the other side, most of the negative explanations have evidences or strong signs backing them. I really wish you can provide those missing links. Until then, this remains just wishful thinking that might occur by coincidence or might not at all.
Is this your opinion or confirmed information? If confirmed, what's your source?
Financials will be released when the CEO thinks timing is best IAW his strategy.
Assuming Ryan will be able to keep his word, what happened through the past 6 months from December 2015 to May 2016 and worsened by his reckless actions in the last 2 months can easily repeat for the next 7 months to enter 2017 at no bid. There are signs and those signs are not good. Ryan has failed to establish the normal relation between the company's good situation on the ground (assumed) and its stock. In fact the established relation is reversed. And if he failed to correct the situation in the past 6 months, what makes you think another 7 months will make any difference? In fact he worsened the situation because now investors are losing money when they sell because they expect the worst because of his silence and unexplained delayed financials along with a lot of questions that he doesn't want to answer.
Also the hype he did during that time is exposed for what it is, just pumping. No one believes him anymore because he has failed to prove what he's saying so those who followed him on faith are falling as they get tired of the nonsense he keeps pulling. The carrots he keeps dangling every now and then no longer work (remember the last acquisition trip?) because investors have learned the lesson form the ones he dangled before (app, acquisition, big contract, 1B certificate, call center, ...etc). In fact the no RS promise could be a carrot in itself that he won't deliver like the other ones. So he might be able to keep his promise of no RS in the coming 7 months but the current direction says that things could be even worse in 2017 and then he will be free to RS as he wants.
So the no RS promise is worthless without an immediate correction. And if the situation is to be corrected without damage to investors, it needs to be corrected RIGHT NOW to allow for enough time to adjust and reflect over a couple of months and give the PPS enough time to appreciate to safe levels before 2016 ends.
Hopefully there will be news although I don't really count on it seeing what Ryan has been doing recently. He proved to be an irresponsible person. Let's see if he makes an effort to fix that. The situation can not take any more recklessness and if he's willing to stay silent for a couple of months as I believe then he'd be intentionally harming the shareholders. I don't care what his reasons are and whether they are valid or not. That lack of communication alone keeps destroying morale and pushing longs over the edge to sell with a huge loss. The good thing is that more and more people are criticizing and attacking him on Twitter which he has chosen as a communication channel. They keep exposing his worthless information, reckless actions, and elusive answers, so he knows that he's not free to mess around with shareholders' investments and that he will at least pay the price as a damaged image and tarnished reputation.
So you admit whatever he told you on that call was a scam.
I hope you are still calm and confident of success after today's disaster.
Where did you get that date from?
Ryan is gradually turning his supporters into enemies. He cares about no one but himself. Things might be going good on the ground but he is careless about the shareholders and is damaging their moral by keeping them in the dark while the PPS is dropping continously causing some to sell and lose money every now and then (but yet he calls them "co-owners", what a joke). The lack of communication and late financials without even an announced release time leaves the situation open to all sorts of negative interpretations and chases potential buyers away which intensifies the problem. You better first realize that pumping does not work and nobody is buying such crap anymore, and that the real problem now is Ryan Schadel himself. If you want to do something, you better stop pumping and start pressuring him to stop his poor behavior and to solve the problems he is causing by communicating the current situation and plan in public and releasing the late financials or at least explain why he is delaying them and give a release date if he has a valid reason. Calling or visiting if you can would be good but I suggest to tweet to keep the requests registered in public along with his reactions to them (or lack of reactions). He better understand that it's not only about the shareholders investments and that his personal and professional images are at stake too. My opinion is that shareholders better start doing that if they care about their investments. The more who do it the better.
There are many questions on Twitter about the 10-K and many other things but he doesn't answer anything or doesn't answer clearly. He mentioned that there's no timeline decided for the financials. I suppose he already knows the damage this is causing and how shareholders are frustrated but he doesn't seem to care. If you are sure a phone call will make any difference then you are welcome to call him yourself and share the answers you get if you get any.
It's been so undervalued for months, what's new?
The price has been falling long before the court issues even started. The buyback wasn't really happening or was miniscule at best by looking at the daily volume. The court problem is almost over and news was known for a couple of days. What happened? The price fell even more today. You are missing the point if you think the legal problem is what's driving this down. The extremely late financials and keeping investors in the dark are what's killing it.
Ryan's pumping is not working anymore. He keeps posting about anything except what shareholders really want. For example, all what this PR says is that the legal situation is back (or almost) to where it was 2 months ago. Congratulations, now what? where are the financials, business agreements, acquisition, and the app? Maybe he is withholding information to frustrate shareholders to let go of their shares so he can buy them at low prices. My guess is that he's intentionally trying to drag the stock back to no bid. The problem is that would be unethical (if true) because he'd be causing those who bought because they trusted him and believed in him lose money. This shouldn't be the reward of such investors. Ryan is exceeding every acceptable limit and is abusing shareholders' trust even if what he's doing is for a good cause.
I don't see that happening anytime soon. What I read into Ryan's evasive replies about the financials if he replied at all is that he won't release them in June or maybe even July (I wish I'm wrong). My guess is he's planning to release them with the second quarter's financial report if not later. I don't know what his target is but surely this is hurting the shareholders. Part of his job is to communicate with the shareholders and keep them informed, not to keep his plans to himself and ignore them.
And yes I think you are not the only frustrated investor but the difference is that you talk about it, others either are not talking at all or keep living in denial and self-delusion while they keep pumping the stock all the time thinking that could save their investments. The best action now in my opinion is to stop all that denial and pumping and talk with Ryan directly (twitter, phone, email, visits) and pressure him to clarify the situation and the coming plan with clear targets and hold him accountable for them.
Sure I'd like to know but are you sure of that? Any references?
What 247m shares?
Are you really happy that the bid that was once at 0.001 going up is now down to 0.0003 and heading to no bid instead of 0.003? Do you really see this as a good sign? Of course people will always want shares especially when the price is good for flipping.