that is why i find it funny when those say that VPOR is over valued and a scam that will never reach a penny.

There are stocks on the OTC with zero cash, revenue, inventory, products a sole employee with an O/S north of 5B trading anywhere from .005-.05

Now VPOR might have had issues, but they are making money, have cash, inventory, employees and are fully reporting.

there is no reason what so ever that this can't run to .10 even with 5B O/S

No not saying that at all, just saying you cannot say they have a habit/history of releasing news on a certain day when they have only released a couple PR's

With the couple releases that they have had, i don't think you can say they have a history or tendency to release news on any particular day

it can be many things and since they do not disclose one can only take educated guesses.

Could be deferred financing costs that are capitalized and amortized over the contract period, deferred tax asset or any other deferral of charges that can be amortized over a period of time.

Many here have no concept of the timeline of a reverse merger and all expect a quick flip.

Reverse merger plays take time and often do not pan out, but this one has had a lot of positives and good news along the way then most others i have seen or played

And to take it one step further, they often want to spend more money on items if it means maxing out their budget.

The government entities do not want to be under budget as that might mean reduced funding in subsequent years.

go ahead, margin requirements would be so expensive to make at max 200%

Hoping the fireworks wait til next week as I am out of the country in Dublin this week and won't be able to be as active and would hate to miss the fun.

I'm in Dublin this week for business, anything I can check into while I am here to report to the group.

with a follow up tweet from Phil apologizing for the retweet, so management must have reached out and told you that that was a no no.

Once again, management is active and responsive behind the scenese and does not want any foul play.

Well BKRT is off the ask all together and VFIN's ask is actually reducing with slaps all the while the PPS is currently green on the day with another 200M volume day.

Once again there has been lots of buying going on .0012-.0015 with 26M on the bid at .0012, lets see what VFIN does to end the week

I would imagine that is what prompted the tweet, with that i would say management and the team are active and responsive

Not sure that is true as i don't think he things that much into it and might not even be aware of who sierra equity is and their background.

Per the Sooum website "He specializes in implementing creative and innovative growth strategies through social media and marketing."

So i think he just posts, reposts and does other things online to gain attention

I think it could be as well once the conversions slow and the interest comes back.

The one thing that i still did not fully understand was the need to raise the A/S from 600M to 2B based on the current debt that they had outstanding and the recent payments/refinancing that they did.

Now it is hard to say how much of the increase is for convert reserves, vs. preferreds, vs. other business purposes but was still a large increase. The only thing might have been to make a large increase at once instead of death by papercut.

Overall the dilution here is not too toxic and has been recently restructured to ease some of the pain. And recent debt has been fixed price and much more shareholder friendly.

The current issue is that there is zero interest right now and the dilution supply has been far out weighing buying support. Most of the increase in buying and price recently have been swing traders/flippers who are jumping in at certain T/A times in conjunction with dilutors backing of the ask.

Its all a game that the dilutors allow as it helps them as well. They sell it down, people come in buy the bounce, dilutors back off allowing price to increase. People sell the bounce and dilutors sell it back down making more in the process, rinse/repeat. Now this is slightly different as there is much lower volume than typical.

Good news is bottom is near and won't really have any place to go but up in the long term but could be a while before it fully recovers.

I will be watching closely and getting back in sometime soon.

This reverse merger play has been the most intriguing from the last few that i have either played or watched.

We have hit all of the milestones thus far that you want to see and whether people want to admit or not management has been direct and communicative with investors.

The bigs things thus far:

1) Merger Complete
2) Contract news
3) Shareholder letter
4) Q3 10-Q
5) Pro-Forma 8k
6) Shipment confirmation
7) Cage code, Gov Contract and hiring of deal architect

This is all since November, not too bad if you ask me for a newly public entity.And remember, the 10Q and 8K and not audited documents (8k has audited 2013 info for swordfish) while the 10k will be a fully audited document of the past 2 years of information for Sooum and Swordfish. The requirements and work involved in an audit (10k) vs. a review (10Q) are vast. Typical review of big board company 1 week, audit 2 months. And this is for company's that have decent size finance departments and public for multiple years. Going from private to public is difficult and from an auditor perspective can be a nightmare, point being it takes up more time than one might think. And if they do not have a finance staff it would require much more work from management.

From what i have seen, most reverse mergers that plan on R/S all current investors out of the picture do not say a word and file only the bare minimum necessary paperwork. Look at TURA and FLXP as examples.

Now of course its the OTC and talk is cheap and PR's even cheaper but the fact that the company has directly addressed current holders and said that they have their interests in mind is pretty bold and not common with these types of situations as there is no benefit to saying this and then R/S later on, if and i mean if you want to have a decent reputation after the split.

At the end of the day a reverse split after a reverse merger would not hurt a CEO's reputation with investors who are thinking of joining after the split is complete and the new S/S is known. However, having a trail of actions, lies and investor manipulation that is all to typical on the OTC would not be good for long term prospects of the company and its management if they intent on building a legitimate business.

And it has been said numerous times, this management team is quite different than any other i have seen on the OTC. It is comprised of individuals with serious credentials and experience with no history of scam, fraud or being into share selling schemes.

Now people bring up the fact that Westbrook has had past business failings but that is not a negative thing in and of itself. Now if you could show me he has a history of buying OTC shells and creating P&D's then i would start to listen, but the fact that he tried to make a company and failed and tried again is what life is all about.

If you don't succeed, try again

Everyone has different time frames and what they consider long term, if they file the 10k and go silent for weeks then i will agree there is an issue. But until then this has not been a long time with no news given the time of year and newness of the entity and management.

This is a pure lotto, reverse merger play, it is all about moving first and getting as much info as possible before the general public. We are currently in the holding phase that almost all reverse mergers go through before the real news starts.

I think the shareholder letter in December and government contract news were released as a good faith measure to shareholders.

Still under the impression they do not want to much out there till Ortiz is dealt with, why get the price up which would just give Ortiz more leverage in negotiations of a buyout

Thank you, but your opinion is no more valid than mine so there is no rudeness in me stating facts and allowing others to come to their own conclusions.

I never told anyone to buy or sell as that is a personal choice but i can discuss the what i am seeing and let others decide for themselves.

telling others to sell is almost trying to influence others to make your prediction true which is in line with many flippers MO, not saying that this is your intentions, just how it comes across

If you want to be helpful and true asset to this and other boards, simply talk facts and leave the conjecture up to the individual and never tell anyone to buy or sell

Quite the contrary my friend, very well versed if financial statement prep, dealing with FINRA, SEC filings, 10k prepr and dealing with auditor's/lawyers

I am a CPA and deal with these items on a daily basis so i have an understanding of what these small companies deal with when going public and the effort that it takes to get all of the requirements taken care of in the tight time frames required.

My point is, nothing has changed so why call it a scam now as a lack of news does not indicate anything what so ever. I can show you stocks that PR everyday that are massive share selling scams and those that PR quarterly that have went on massive runs. All about what is contained in the news and not the frequency of it

I get the feeling all those complaining of lack of info are those that wanted a quick flip and are wanting to get out.

If you got into Sooum because of the reverse merger potential than what has changed for the negative since December? Nothing, so why change your mind with no information to change you mind.

And lack of news is not a change in anything, it is simply lack of additional info.

they are verifiable as you can look up the tracking information and it is tied to Sooum

Kees why so negative, didn't that projection document as far as equity projections give any confidence?

what did you tell me, as i said no one is disputing dilution but that there is strong buying pressure at .0013-.0015 which still seems to be the case

With BKMM on the bid and PUMA and LAMP at .0012

On top of that the 40M that was purchased in one swoop recently tells you that someone is absorbing a ton of shares or we would have hit .0008 already like you keep claiming.

But often i will take PUMA and LAMP buying as a much stronger indication that someone on ihub as they surely are playing with more than $1k and have a much better idea on how to make money

Last month we received news of a cage code and government contract, they also posted pictures of the sugar shipment that was PR'd last year.

With the posting they also provided the shipping details showing when it will be completed. i think they have shared a decent amount so far.

people are just so content to be in OTC plays that PR every week about what toilet paper they are using, everyone wants to get rich quick and it not willing to show up to the party early and wait for the fun to begin, that is how you make the big money because once all is known we will not be at .0002

I don't think anyone is disputing whether dilution is still happening, its all about the buying pressure vs. how many shares are left to dilute.

So far this week there has been heavy buying pressure and support at .0013-.0015 and volume has been decreasing overall.

It seems that there are those that are lining up to the party early to get their ticket before dilution fully finishes

VFIN on the bid at .0014 and PUMA and LAMP at .0012, would think we are at the bottom.

L2 prior to open is pointless and will tell you very little

From what you can gather based on the filings, PR, letter from management and the financial projection workbook that was available on the sooum website, this is not a share selling scam and if they need to raise capital i have a feeling it will be privately placed and not via selling on open market

Based on what i have seen they are looking at all options but are keen on keeping current shareholders intact, the elephant in the room is obviously Ortiz and what happens with his shares.

I don't think the 10-k will be groundbreaking from a revenue, cash flow perspective but am interested to see what if any updates there are to the SS and Ortiz's involvement.

I am wondering if some of the quietness has been do to not wanting to release any of the big news while Ortiz is still in the equation as they may be in current negotiations to get him out. With that they wouldn;t want to have the company be that much more valuable currently as Ortiz might demand more in the form of a "buy out"

Just my two cents from what i have been reading, interpreting and seeing.

not a bad guess, but i would assume we see one more attack at 2's and a try for 1's before the next anticipated news release.

And i would not be surprised to see them file for the 15 day extension giving them till the 15th

Thats not entirely true, the last news we received was Feb 12th which was the Gov contract news,

On Feb 11th the closing price was .0002 same as we are today, closing price on the 13th and 17th after the news spread we closed at .0005 pretty decent spike

so now we have all those that loaded at 2 and sold at 5 stacking the ask at 3 to load up again for the next news event that will sent it to 6, which is why MAXM is on the bid at 2 and ask at 6

this is all about retail flippers at this point with others accumulating shares for the larger run.

Buys at the bid=Red buys at the ask=green

Part of the reason for lack of move is retail walls being put on the ask which causes people to bid sit.

This currently is an all retail game with MAXM recently joining the party at .0002, the question is why is retail stacking the ask at .0003? If they were looking to exit they would slap the 2's and get out but they arn't

Still appears to be people wanting to load as many 2's as possible before something else comes out, now whether they want 2's to sell at 6 or plan to hold for the long ride is a compeltley different story

i understand your point of view, i would say, look at the reverse mergers that were very vocal, releasing PR's, informing the public on every move they make. You will notice these tend to be the ones that are selling shares like crazy and have no real plans on recapitalization

On the other side the company's that PR material news after it is completed and finalized tend to be the ones that have a longer, more sustained move north as they tend not to be a share selling scam.

Now this of course is not always the case but take it for whats it worth when looking at other RM plays

Putting out a PR stating we are working on the K, FINRA and dealing with prior shell would be stating the obvious and benefit no one. To be honest any PR's at this point would only be done to manage the PPS which IMO they should not do, the PPS will take care of itself when/if the right structure comes

Look at any reverse merger and the timing of news and you will not see anything abnormal here.

Not sure what people expect, everyone wants to get rich overnight. Do you not realize the effort involved in taking an entity public and cleaning up a prior shell.

They are getting the audit done, most likely FINRA name change, Ortiz/ipoint/swordfish debt, final share structure and yes building the actual business.

At this point PR's will not do anything until all the above is finalized and will only facilitate flipping. Once the above is settled the company will have a clear plan and path forward to share with all.

I took the most comfort on the detail, depth and professionalism that it took to create that file. that is no small feat and clear and above what any stinky OTC stock i see prepare, hell its better than 80% of OTC's filings

Got to love their revenue projections, yes that is projection of $80M in rev's in 2016

SoOum Corp 69.99% 70.45% 68.21% 64.27% 62.93%
Revenue Projections 1,256,373 1,422,644 1,530,609 1,586,368 1,694,370
Years 1 to 5
($) 18 29 108 216 349
2014 2015 2016 2017 2018
Trade Deals
Number of Transactions 6 10 36 72 116
Average Revenue per Transaction 1,795,070 2,019,454 2,243,838 2,468,221 2,692,605
Total 10,770,420 20,194,538 80,778,150 177,711,930 312,342,180
Commissions & Services
Number of Projects 12 19 72 144 233
Average Revenue per project 14,400 16,200 18,000 19,800 21,600
Total 172,800 311,040 1,296,000 2,851,200 5,038,848


Net Revenue 10,943,220 20,505,578 82,074,150 180,563,130 317,381,028

Just sent it over keeks, let me know what you think

He is not listed in the entire document, one would guess because he is not in the plans for the company.

It is most likely included in the O/S number but the document is much more useful to have as it is all linked and has formula's for all calcs

here is screen shot

https://twitter.com/sootkoos/status/577878969950855168/photo/1

It is an entire excel workbook, not sure i would post it. I think it is really positive overall, below is the S/S section with 4 scenario's laid out. PM me your email and i will send copy of the while file

SUM: 1,692,238,861 6,768,955,444 8,461,194,305 3,461,194,305
Sole Scenario Scenario 1 Scenario 2 Scenario 3
Series A Votes Series A Votes 1Share=1Vote Series B 1Share=100Votes Series B 1Share=1000Votes
0 2,874,097,341 28,740,973 2,874,097
0 1,437,048,671 14,370,487 1,437,049
0 1,437,048,671 14,370,487 1,437,049
0 171,077,223 1,710,772 171,077
0 205,292,667 2,052,927 205,293
0 410,585,334 4,105,853 410,585
0 171,077,223 1,710,772 171,077
0 62,728,315 627,283 62,728
0 0 0 0
1,692,238,861 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
1,692,238,861 6,768,955,444 67,689,554 6,768,955

Total Shares 1,692,238,861 6,768,955,444 67,689,554 6,768,955
Total Votes 1,692,238,861 6,768,955,444 6,768,955,444 6,768,955,444
Convert 1.00 114.05 1.14 0.11


Total Shares Outstanding 8,461,194,305 1,759,928,415 1,699,007,816

Expected Stock Price (with 5,000,000 capital raised) 0.01 0.0030 0.37 3.69
Expected Stock Price (with 6,200,000 EBIT)
0.02 0.0046 0.46 4.58

Expected Stock Price (with 11,200,000 capital & EBIT)
0.03 0.007 0.83 8.27