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Whatever you believe. Don't get stuck here like many others before you.
All claims have been proven fake long time ago which you can read back here all over the board by multiple people. I bet you can do your own DD. I am not going to rechew it for someone who is actually not really interested in it and only here for the pump.
Anyway common sense would already be sufficient to question all of the ridiculous claims made by the company and their fake promises.
Yup, 52-week high recalculated before last huge split. Billions shares diluted since and company did not stop printing at all. Good luck with your pennies! Won't happen.
SIML is no stranger to endless dilution, multiple reversed splits, taking on many toxic notes, sending out fake PR's while achieving NOTHING. Good luck with that!
Lol, there are no shorts at these levels. Amusing people still try that fake argument.
SIML will fall back again to trip 1 soon. CEO Hylen says thanks for the unexpected money.
Proof is in the financial statements. They need to comply with a certain required amount of free available shares for all of their toxic debt. That will be billions now in lower trips. There is no such room anymore, while raising AS again at these levels will not do much since PPS is close at bottom. Most logical step is do another reversed split, as they did 4 times in 5 years already. Exactly same path as before. There is simply no way to avoid it. They can't pay back the loans with the laughably shrinking revenues from Satel cable company and beside that they have no other real business.
Confirmed dilution by hundreds of million shares. Previous OS status from November showed 2.9 billion, now 3.4 billion per Dec 7th. That is not even counting previous two trading days with high dumping volume. They need Christmas money apparently. RS getting closer again, they need to comply with the minimum required available shares for all of their toxic debt. They can raise AS again, but on these PPS levels it makes not much sense as there is not much room to dump the shares later.
I'm suprised it's not suspended yet. Normally the safe harbor statements should protect these kind of scams to certain extent for all fluff PR's, but the CEO has clearly written guarantees about huge revenues (if I remember even in 8K's) which are totally fake.
Definitely, with the next reversed split (I lost count how many already). Should be imminent again now no bid is near.
Don't forget the 30 billion augmented reality market they were entering years ago.
Not that there was someone in their work office anytime of day to do some actual development work, but hey there are always these minor things...
Lol, it seems there are always new fools to pump and buy this dead scam.
All of Ed's previous failures are also old news, but why repeat it over and over again as something still relevant to discourage people? Just saying...
New opportunities have arrived, which may or may not turn out to be a success. We will see in near future.
Wow, with all the catalysts coming up planned for Q4 2020, this has multidollar potential.
If I look at the garbage people are massively watching these days and even become major runners on television or other video platforms, it appears there is a market for everything.
Personally I prefer decent older reruns to the trash that is on almost every channel these days. Except for sports events, I hardly watch anything anymore on broadcasted TV. If the lineup of programs does not already, then the flood of commercials destroy the rest of the fun.
Issuance History
The following events resulted in changes in total shares outstanding by the issuer (1) in the past two year period ending on the last day of the issuer’s most recent fiscal year and (2) since the last day of the issuer’s most recent fiscal year:
(1) Issuances of common stock during the two-year period ended December 31, 2018 and December 31, 2019
Issuances of common stock during the calendar year 2018:
There are no issuances in the Calendar year of 2018.
(2) Issuances of common stockduring the calendar year 2019:
There are no issuances in the Calendar year of 2019
(3) Issuances of common stock during the quarter ending September 30, 2020:
There are no issuances in the quarter ending September 30, 2020
They even stopped putting out these kind of fake PR's.
With all the promises and "guaranteed revenues" that never came for years, I am so suprised this ticker has not been closed trading yet by the SEC. If I had to point one typical stinksheet P&D stock exemplary for SCAM, it would be this one.
You never know what comes first at these levels. A new P&D group for a short pump again or the next inevitable RS which will crush anyone's pre-split holdings.
Something can not happen with something that never existed at all, lol!
I am amazing these guys are still not behind bars after claiming millions of 'guaranteed revenues' from these supposed multimillion orders. The words guaranteed revenues are even from SIML's own press releases a few years back. Hundreds of millions would flow into the company. Perhaps it was a typo and he meant to say shares instead of revenues....
San Francisco, CA, Feb. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation and Satel Group Inc. (OTC Pink: SIML) (“Simlatus” or the “Company”), announced today that its internet business projects an increase of $12M in new revenue contracts over the next 24 months.
The growth in new business revenue is projected at over 120% increase per year over prior year’s revenue. The increase in revenue will be driven by a more strategic sales strategy, increase in quality customer service, and through mergers of other smaller companies in the same space.
Satel currently services 19,000 living units within 170 building complexes in Metropolitan San Francisco and Oakland. Satel is quickly booking another additional 1,000 living units by end of second quarter. Management has their eye on the greater San Francisco Bay Area and is focused to increase up to 240,000 living units by the end of 2022 through an aggressive marketing strategy using new technology, the addition of OTT (Over-The-Top) programming, high-speed internet and competitive pricing.
More: https://ca.finance.yahoo.com/news/satel-group-simlatus-expanding-projects-120000181.html
Since we are almost there (24 months time frame), a small recap of the achievements.
Revenues as shown in SIML's quarterly financial reports (=all Satel):
Q4 2020: $ ???,??? Full year: $ ???,???
Q3 2020: $ 72,485 (YTD $ 262,571)
Q2 2020: $ 74,709
Q1 2020: $ 115,377
Q4 2019: $ 86,161 Full year: $ 477,357
Q3 2019: $ 126,753
Q2 2019: $ 117,021
Q1 2019: $ 147,422
Q4 2018: $ 152,647 Full year: $ 616,152
Q3 2018: $ 169,670
Q2 2018: $ 160,809
Q1 2018: $ 133,026
Conclusion: Not only has SIML failed to start up the CBD extractor business (which was obviously a big scam), also their existing business they do as Satel is absolutely not living up the promises made two years ago (and repeated several times since), instead the numbers are dropping significantly year over year. Considering numbers per Q3 2020, it may be well expected that full year 2020 will be about another 100k below 2019's numbers, meaning in this 24 months period the revenues have been cut in half on yearly base instead of showing any growth.
At least their quarterly financial reports don't lie and show nothing worth to report actually. As we know their Satel cable business revenues are dropping every quarter, but that's the only 'interesting' part to read. And the share count going up with every report.
That's it, nothing more. No extractors, no revenues from extractors, even nothing from the augmented reality multibillion market Simlatus was supposed to conquer several years ago (remember that scam, lol!), nothing. Not that I would have expected any..
Yeah, if you do your DD on SIML, you would see these Grass Valley companies are very closely connected, where first SIML claimed their extractor production on the Brewbilt manufacturing site. Now it seems they are pulling the same CBD extractor scam, SIML's fake story running a long time already. Yet still someone has to see the first extractor ever from any of them.
Funny note: SIML posted a picture claiming to be such an extractor on their website, which in fact was a 'stolen' pic from the Brewbilt website, representing simply a beer tank.
800M shares diluted during July and counting.
Outstanding Shares 2,282,236,224 08/04/2020
(was 1.4 billion beginning of July)
I am still waiting for the first batch of extractors which would be ready within two weeks, as was announced in last May...
Reading back, I had to laugh about his constant stream of lies:
Some of them went to BBRW, which was eventually SIML's partner in crime with their fake extractor stories (remember SIML suddenly claimed to have the extractors manufactured at Brewbilt's production site? Even the beer tank which was presented as a CBD extractor on SIML's website is directly coming from the Brewbilt website). BBRW had a good mentor in SIML how to scam people and get rich quickly. They have 10 billion OS and dilution is just as crazy there. Still some people apparently think it's the next best thing. People never learn.
Even our big "friend" OCM is pumping the scam over there, lol.
The proof is all in the fake PR's that have been proven incorrect since last year or two.
The DD is here all over the place.
Same as with previous GRPR when they claimed to have a drilling permit for Kreyenhagen, which they did not. I verified with DoE myself at the time when I started my first DD on this scam.
That should be the time to shut down this company already in the first place. No matter who is the CEO, the fake promises never stopped here.
They should arrest the criminal CEO for fraud (and those behind the scenes). The main person who keeps this scam alive.
They won't be the first to do 2 reversed splits in the same year. I posted one example earlier here. Eventually they can pull the time to go into the new year. It will come for sure, sooner or later. No doubt about that.
Watch for AS increase first. Their OS must be well over 2.5 billion shares now, given the dilution since the last known OS took place. They need billions more for debt conversion.
Ask LOYS! Lol...
It's not a matter of when they want, it's a matter of when it is even required to fulfill the share capacity to be able to pay back toxic notes on conversion. As close as they are to no bid, they will have a problem getting decent conversions that will satisfy their noteholders.
Anyway, AS raise seems to be inevitable at the minimum on short notice as the available shares not outstanding are already getting depleted, but at current PPS that won't be enough. They won't get any more funding if they cannot guarantee that lenders will get their money back if no bid is on the horizon.
As they are building a very negative track record with fake news, reversed splits, heavy dilution, the cycle will become shorter and shorter so the need for an earlier reversed split will be here sooner than before.
Simple math (and company history) is telling RS is inevitable. With this current PPS, they will never be able to convert their toxic debt into enough shares to cover the pay-back amounts. They will first need to raise AS soon enough to keep the reserved share count for debt conversion. At this bottom price, there is no room to dump much more on the market, so they need another RS to create new margin for selling shares. New round, new pump, new bagholders as there are always new fools buying the fake news.
Yes they are all fake, read the Safe harbor statement and you can cross these 'facts'. But ask yourself, if you read so much propaganda from the company how great they are doing (coincidentally just before huge share dumps!), why don't they back it up with verifiable information, pictures about progress, videos etc? Or some local journalist doing some field research about this special product development which is supposed to bring 100s of million USD in revenues out of the blue, management interview, and so on. That would make a HUGE difference in their credibility! Why is there nothing at all to be found?
And last but not least, any progress should be backed by their financial statements expressing development costs, material inventory and other (fixed) assets etc.. Not only a sheet filled by wages and toxic debt and perhaps some 'intangible goodwill' to create some fake impression of value on the balance sheet. Then you know for sure it's just a dilution machine.
The only real business is Satel as a cable company which was merged into SIML, but whereas Richard Hylen promised quickly growing revenues few years ago, it's dropping fast every quarter. It's all in their filings, check for yourself!
People here visited the "HQ" site in Grass Valley only to find a small blinded closed shoebox office. Neighbor tenants told no one ever comes by to work there. Why not believe their fellow shop neighbors? The DD is all here to read on the board if you dig enough.
FINRA doesn't care as long as paperwork is filled correctly.
How about 5 splits within 3 years time? Check this out:
https://www.otcmarkets.com/stock/SAPX/security
So don't think it's limited to no more than 1 a year.
Dumping starting up again, prepare for 0002s. No bid around the corner.
Good chance this year will see another reversed split as they won't be able to cover their reserved share requirements anymore at these levels with all the toxic debt they have.
It's simply rowing against the flow of the river, the shares just keep on coming. Eventually you can't beat the stream as it never stops and you run out of power. There might be a calm moment once in a while which gives the fake impression of making some progress, but in the longer run you will be drifting backwards again.
Lol, just wait till the company gets more bills to pay. Dumpfest all the way to no bid. Praise yourself lucky they are not diluting every day for a chance to get out without a new huge MINUS day.
Those "Facts" are already debunked in their own 10-K, LMAO!!
I've been warning here for years since I started my DD on this POS. Several others as well. They don't just 'pop up' at any particular time. No matter what the PPS was doing at the time. Greedy people however will not listen, until they finally realize they are holding worthless bags without any hope of recovery. But then it's too late.
Plus timing does not matter much eventually, you can lose your investment at $1 but also at $0.0001. $1000 spent and lost on either of them is still the amount lost. Buying at trips does not guarantee a smaller loss than buying in dollars. Dropping from .0004 to .0001 is also minus 75%.
Doubling down usually simply means losing more than the initial investment. Most scam stocks never recover to any reasonable level when the final act of P&D is played.
The only chance is shortly after a RS, when the SS is superthin. Pretty sure some kind of pump will follow which will boost PPS for a short while. It will crash back to new lows while more shares are dumped into the float, so you need to get out on time. After a while the continuous dilution creates such a SS that it won't be easy anymore to create a real runner.
SIML (or GRPR back in the days) has done this several times, but the conclusion is always the same: finally no bid after billions of new shares and no other option than the next reversed split.
On these kind of stocks, there is no 'realistic trading value' as there is no end to toxic debt and dilution. Bills and other costs don't stop, without income they have to dilute to get these paid. At ground level, there is not much option to dump more shares, hence reversed split is announced to start all over.
Why would you even develop a product when dumping shares is so much more easy money... it's how and why scams are all over the place, unfortunately. SIML is no different. They were always full of (proven) lies. At least if you have intentions to start some kind of real operation, you can show some progress on developments (backed with evidence). In all years SIML/GRPR never showed anything but fake PR's and financial reports full of toxic debt only.
From the looks of the official 10-K and 10-Q, quite soon enough.
Is it SILVER yet???