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The O/S influences stock fluctuation, not the A/S.
VTNL O/S went from 669,209,173 to 2,195,849,432 in the first three months of this year, unbeknownst to its hapless shareholders.
If VTNL was able to maintain this O/S level, or stay under 3 billion O/S. while becoming cash-flow positive, no problem.
But what I'm suspecting, VTNL is issuing new dilutive shares, by the hundreds of millions every week of the last month. and then it will fail spectacularly its projected revenue objective of $1.5 million in sales.
That's when the fecal matter will hit the impeller.
If that scenario was to unfold, come mid-august, then the S.P. would collapse, but the toxic lenders would continue to convert, at a much lower discounted price further hurting the SP. The classic death spiral.
And then VTNL would "solve" the O/S and A/S problem by announcing a R/S (they already spoke of cutting the float by 80%), which would in practice fleece all current shareholders of their equity.
It is still possible that VTNL is currently shipping tons of hemp oil cat treats. I just doubt it.
Correct, even before Chavez, Venezuela suffered from the "curse of oil", where because of easy oil export revenues, the country's industries end up to be underdeveloped, and the country then isn't self-sufficient even in simple things like, food.
In those countries, if the oil wells run dry, or oil prices go down, there's an instant crisis.
VZ problems were compounded by Chavez and Maduro's ruthless socialistic mismanagement, where millions or billions were poured into great Projects that were supposed to enhance poor people lives, but turned out to be white elephants, in an orgy of corruption and cronyism.
There are plenty of well-administrated socialist countries like, say, Sweden.
And yes, Zimbabwe, Argentina and Venezuela are textbook examples of socialism running amok.
In 2005, Pat Robertson called for Hugo Chavez to be assassinated:
Robertson Suggests U.S. Kill Venezuela's Leader
By LAURIE GOODSTEINAUG. 24, 2005
https://www.nytimes.com/2005/08/24/politics/robertson-suggests-us-kill-venezuelas-leader.html
One of his Evangelist religious nut friend suggested it to GWB years ago too:
"Since we get 15% of our oil from Venezuela, let's invade VZ, and bring them the blessings of Freedom !"
Shorty caused the 50 billion A/S ????
HPNN didn't hire anybody. The only salary in HPNN fins is PM's sky-high salary.
You forget TCA Global.
The debt covenants with TCA Global Credit Master Fund do not allow any asset sale, or bizarre reverse asset repurchase, as long the $2,900,000 loan is not repaid in full. Plus the tidy $3,200,000 "Advisory fee", of course.
Anyhow, any and all of BTZO and GERS revenues go into a "lock box" account controlled by TCA Global. So GERS doesn't have any money to play with.
Hop-On current revenues from gambling software sales is $0.
Hop-On current expenses towards developing gambling software are $0.
The company has gone dark. The simplest inference is that revenues from hemp oil sales are nonexistent.
What software ? I cannot recall when Hop-On was pretend-selling software.
I recall when they announced they would produce a Reality TV show, and didn't.
In my experience, in every subpenny stock that is undergoing massive dilution, the pumpers claim that "accumulation" is off the charts...
And then, when it is revealed that the O/S doubled in a single quarter, they blame Shorty...
At some point, Hop-On was just about to launch GoPro™ knock-offs. Another tine, it was a cheap-ass digital watch that was supposed to compete with the Apple Watch...
10B AS suggests
VTNL has a 50 Billion shares A/S (increased several time this year), but only 2.2 Billion shares outstanding (up from 670M in January).
The reason why the Authorized has been set so high, is because of toxic debt contract clauses like:
Not sure if the T.A. is being paid at all, either.
NTEK apparently didn't pay its lawyers, its corporate headquarter has been foreclosed, and Longside Ventures has seized anything of value, including NTEK.com's domains...
My understanding, confirmed by NTEK's previous Letter to Shareholders, is that there was no continuity between the two Boards.
So the T.A. truly cannot say if the new bunch is the genuine NTEK Board, or just a bunch of B.S. artists.
Obviously, there is a large overlap between the two sets.
Same empty promises than the January letter.
NTEK is a Company without any, ANY Officers
But, according to the unsigned Letter to Shareholders, things are going swell.
Except, of course, the Caveat Emptor removal and the uh, financing...
I think NTEK's Transfer Agent has another problem with NTEK new "Board".
NTEK had no officers, and apparently no Board Members. The shareholders meeting elected new officers and board members (but no CEO).
The T.A. obviously has asked NTEK for a Legal Opinion, a lawyer letter that explains how the New Board was voted in, and to certify that it is indeed authorized to represent the company NTEK.
But, obviously, NTEK has no money for lawyers, to the Caveat Emptor will stay on...
With penny stocks, reverse splits are always harmful to shareholders.
Because the company keeps issuing dilutive shares after the R/S, which are 100 times more dilutive than before the R/S. The equity of the previous crop of shareholders gets wiped into oblivion.
NTEK blames its T.A. ...
The company made $968 of sales last Q.
The CEO was talking how big the Purchase Orders he received were, and was talking about buying back shares and reducing the float. While he was saying that, he was tripling the number of shares issued, from 670,000,000 VTNL shares to 2,195,849,432 VTNL O/S, increasing the A/S thrice and contracting $490K of new debt, all toxic convertible debt at ridiculous discounts.
He deceived his shareholders during Q1.
And now he is confident of making $1.5M of sales. Is he lying again ?
Who wouldn't jump at a chance of purchasing one fifth-trillionth of a dream ?
Not all subpenny stocks are as successful as PVSP, MadeInDebt.
Unlikely to purr, then.
Just add a dollop of olive oil to your standard cat food.
Your cat will purr.
Not sure how many they are buying back.
Between $0 and $200K: https://backend.otcmarkets.com/otcapi/company/sec-filings/12643682/content/html
So PM went to China, and didn't sign a Billion dollar contract to defraud Microsoft.
Lots of moving parts in that one. Those things take time. And all the shareholders' money.
VTNL outright lied to their hapless shareholders during the first Quarter.
Now they have promised $1.5 millions in sales during the Second Quarter, which ends this month.
Don't forget the $715K in Convertible Notes and the humongous 50,000,000 FIFTY BILLION authorized shares.
The hemp oil does wonders for your pet's pelt.
So does olive oil.
heavy smoker and drinker
+ the dope.
The annual audit fees of similar companies are minimal. In many cases, a fraction of the cost of the OTCMarket's fees.
I've been told (via BusinessWeek) that audit companies charge extra, top dollar for auditing deadbeat sub pennies.
The reason given was that it is pointless for shareholders to sue a penny stock, that is always flat broke to start with,
BUT, when they sue the auditor's accounting firm, the auditor is somewhat likely to settle out-of-court, because losing a single case would mean that the entire auditing firm would lose its license.
I've seen what auditors charge to almost non-existent companies with a single spreadsheet as the total sum of their "accounting documents", so I believe it might be accurate, although the article was a couple of decades back.
As usual, EFLN principals failed to provide any evidence that their Globe NewsWire and Twitter accounts had been somehow hijacked.
Isn't it strange that those claimed "patent agreements":
1) didn't cost a cent to obtain, as per HPNN financials.
2) never generated a dime of revenue in 5 years.
The Microsoft "Android Contract" is more in the nature of a Covenant Not to Sue.
It applies only to Manufacturers and OEM Manufacturers.
It does not apply to importers, resellers or patsies.
Short Interest: 21,158 (100%) 05/31/2018
Significant Failures to Deliver: No
Translation: NTEK stock isn't being sorted, by anyone.
No naked shorts either. Any meaningful naked shorting would trigger the FTD flag.
Each $0.0013 share shorted requires a $2.50 deposit in your trading account.
Think about it. How many million dollars would be required to stand a small chance of making $1000 ?
Typically, toxic lenders don't "own" that many shares. They're very careful not to own more than 4.99% of the O/S at any one time.
But toxic lenders convert a tranche of the debt owned to them, every week or even several times a week, and then immediately dump them on the market. And then get more shares.
Example:
SAN FRANCISCO, June 12, 2018 (GLOBE NEWSWIRE) -- Vet Online Supply, Inc. (OTC PINK:VTNL) ("Vet Online Supply" or the "Company"), the rapidly growing CBD Pet product company, today announced that the company is hiring 100 manufacturer representatives for the domestic United States and 100 international manufacturer representatives for Europe and Canada.
Vet Online Supply has established $9M in purchase orders and revenues for the CBD dispensary markets on the West Coast. The company is now positioned to hire 200 manufacturer representatives to cover domestic and international sales of their brand pet products.
Daniel Rushford, CEO and Chairman, stated, "We are hiring employees to take our brand national and international. (...) Our employees will operate on a fee basis and represent all of our products."
-----
By "our products", Rushford probably means products manufactured by LBC Bioscience of Scottsdale Arizona, for VTNL under a white label agreement and then distributed by VTNL.
VTNL financials disclose that LBC is the sole manufacturer of VTNL, under a non-exclusive contract.