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December 2020:
I hope you're not holding your breath. They've been saying that they're going to do that for over three years now with nothing to show for it.
Pro tip: You have no say about my position.
That's not really true. 3 years ago they said they were doing the audit and even gave a estimated time for completion. Then in Jan 2003 they issued $60K in dilution and said they were using the funds to do the audit. They lied. So here we are at round 3 with the same claims. Here we go again. And for those keeping score, we are approaching the 5 month mark from the supposed start of the audit. It's not like it's Nike being audited here.
It hasn't happened for over 3 years now despite numerous claims that it was.
OTCN is back. So we can look forward to weeks of dumping as they try to unload those 10M shares, plus however many millions more get added to the O/S.
Let's see if OTCN returns. With another 10M shares minted, I suspect they will.
I guess no one should be surprised. They followed up the rosy corporate update by diluting another 10 million shares.
Well they did manage to get the yield sign removed. They have lots of practice at that given how often they get a yield sign.
The update really didn't answer any questions about the audit or the regulatory issues with FINRA. All it said was "We're working on it" which is the same claim that we've been hearing for over 3 years now.
It went to 73c because they were telling investors that the ticker change, audit, and up-listing were just around the corner and that they were going to receive $6M in financing when it was completed. None of that happened and they are still making those same promises with nothing to show for it. So it's no surprise that today's update was largely met with a big "Meh."
Hardly agitated. Mostly disappointed actually. The corporate update was just more of the same spiel. And it's clear the market feels the same way since the news didn't generate much in the way of volume. At the end of the day, the company's lofty projections just aren't carrying the weight they once did because of years of under performing. This isn't going to move until real tangible revenue starts rolling in. And it's going to have to be way more than $14K a quarter.
Here's another joke for you -- ASCM has entered the chat on the L2. They are not going to let this run without substantial volume to push them out of the way.
The volume has dried up which is not a good sign. They need to announce revenue news today ... not what they think they may do 10 years from now.
They've been screwing with the audit/ticker for 3 years now. They need to either do it or learn a new song. And the 1700% growth in revenue totaled $14K. Meanwhile, they are losing 100's of thousands to consulting fees and operating expenses. I'm a bit surprised they would try to bring up China again. That isn't going to happen.
This might work on mobile.
It's mostly rehashed bullshit.
Corporate update posted on OTC markets this morning.
At the end of the day it's clear you can't trust much of anything management has to say. They've been caught misleading and/or outright lying to shareholders too many times over the last 3 years. For example, we've now passed the 4 month mark on the quest for the great unicorn audit. They have also failed to address the yield sign which seems to be a regular feature just about every quarter.
I'm still waiting for all those 100's of thousands of $$$ that signing those pro teams was going to bring in via kit sales.
Some price recovery is certainly welcome. I just hope it doesn't trigger a new wave of dilution. I think we all have had enough of that for a while.
Maybe he's the recipient of the $200k in 'consulting' fees.
Checking in on OTC Markets, it looks like Barrett filed an amended 10Q. So that's amendment number 1. Let's see how many he has to file before he gets it right. I think his current record is 3.
OTCN has been gone for the last couple of days. I wonder if they finally ran out of those diluted shares or if they smell a run coming. They dropped out once before only to come back with another boat load to dump a few days later. We still need to get past BLAS who is also sitting on a pile of shares waiting to unload.
I hear ya. I don't give any of their projections much consideration anymore. We've been disappointed too many times now. The proof is in the balance sheet.
Something seems to be up today. News coming?
Very unlikely PCG is the recipient of the 'consulting' fees. If they are, it would mean the company failed to disclose they have had a promoter on contract for the last 3 years. It would also mean that PCG sucks at their job and are over paid.
The A1 arena died before it got off the ground. It only got as far as purchasing some land and putting a chain link fence around it. They were unable to get financing to go any further.
I really want to be wrong. But I doubt this has anything to do with the absence of the corporate update. Keep in mind they blew off the mid-year update last summer. Remember the earlier updates had an actual outline of what they planned to do over the next 4 quarters -- in other words there was a plan. I think the plan went out the window and they are just winging it now. They don't seem to have a focus anymore. And it's just shy of 4 months now since they allegedly hired the auditor and there's nothing to show for. No audit. No comment. Nothing. This is the 3rd time they've lied about doing an audit and becoming reporting. So yes, I'm pretty damn skeptical that this development is benign. Dryworld has been caught several times trying to pump their share price and they remain evasive/unresponsive.
Maybe instead of hiring a stock promoter they should be looking to hire an actual marketing firm for their products.
You know what he is saying -- They are likely going to do a stock promotion ahead of more dilution.
Oh boy. More consulting fees and empty pumping. I guess Matt and Brian are too busy doing nothing to do any basic IR like post the annual corporate update.
Wouldn't you know it? I was giving Barret props for a rare filing on time. But apparently the filings are not up to standards and now Dryworld has a yield sign once again. I guess no one should be shocked by this considering how many yield signs they've had over the last 3 years.
I'm beginning to wonder if all the promo spam on the boards is being done in anticipation of an unfavorable reaction to the Q1 report. I don't think they are going to be able to polish this turd. It's becoming painfully clear the ambassador program is not working.
The only bright spot is that Barret actually filed on time without an extension. I don't think that's ever happened before.
Not a nice Q1 at all. They are now losing $500K a quarter. And we really deserve to know who is getting $200K a quarter for "consulting". And no surprise, the 10Q was not audited. So it's really looking more and more like they lied once again about doing an audit. And when it was all said and done, they earned a whopping $14K in revenue. Cripes. We really do need new management. Dryworld is going to implode at this rate.
Why? Did the ladder move again?
Shareholders should care. Paid stock promotions are a bad look and a bad sign. It's the calling card of shady business practices.
The spam bots are active on Twitter again . Whoever is paying them is not getting their money's worth.
I haven't looked at the preferred shares all that closely. But if true, it's a shame that the first person that needs to go has controlling interest.
The only thing the Twitter spam is doing is painting the company as desperate. None of that spam is going to convince anyone that the company has value since the posts are blatantly obvious that they are spam. The worse part is that they are not even remotely imaginative. I'm guessing they are being written by some AI bot.
If the company wants to promote itself, they need to return to posting the semi annual updates which contained their business plan for the coming quarters, progress towards those goals and achievements to date. Right now, it looks like they have thrown their business plan out the window and are now just trying to wing it hoping that something will come along to bail them out.
It was 171M shares not that long ago. And an increasing O/S is not a reflection of investor confidence. The low volume and subsequent low liquidity is hardly an indication of investor interest.
Not sure who's behind the surge in spam. But it's likely to do more harm than good if they are trying to pimp this.