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I'll be the first to admit that it's language is complex to me but I think it's the following sentence that addresses the convertible notes: stockholders’ deficits of $5,056,090 and $5,041,224 , respectively.
FOUND IT! You were right, thank you. It was in there but very difficult to find.
Very complex reading but here's the simplest sentence I copied that spells it out:
Further, as stated in Note 1 to our condensed consolidated unaudited financial statements for the period ended March 31, 2017, we have an accumulated deficit of $54,299,536 and working capital and stockholders’ deficits of $5,056,090 and $5,041,224 , respectively.
I read the filings. Please share if you know who the debtor is and for how much is the Convertible note/notes for....TIA
As of late, L2 has been showing VNDM dumping, NITE and CDEL absorbing most shares (who will then short, as they always do) and a small amount of retail, ETRF flipping for small gains.
Retail is not selling at 0.001-0.0012......
with that said I hope NPHC is the next Bristol Meyers, Phizer, etc.
Dilution is always a concern. Yes it means funding but toxic debt destroys investors.
Most importantly THE COMPANY HAS NOT BEEN TRANSPARENT WITH FILINGS SO THAT INVESTORS ARE AWARE OF WHAT THE DEBT STRUCTURE IS SO WE CAN INVEST OR NOT ACCORDINGLY.
Is there great potential here? Yes...but they have to get the business side right not just have great products/trials.
Completely agree and well said.
I emailed the company through the contact info on their website which is also here in the ibox. Makes absolutely no sense to have a investor.relations@nutrapharma.com when they choose to ignore investor concerns.
I guess we will have to wait for the 10Q to see what's going on with the debt structure. Until then, VNDM owns this and 0.001 support will likely get taken out.
No one knows. The May 10Q has nothing in it regarding who the debtor is nor how much the debt is for and VNDM has been relentless......been waiting on reply from company but as of yet haven't gotten a response.
VNDM is diluting.... not NITE and CDEL, they are always short and they have been "loading" the majority of shares that have been diluted.
The only thing the charts indicate is that NPHC is oversold and next key level of support is 0.001
Who is loading these shares:
Mostly NITE and CDEL with some retail which is ETRF.....
The good news, if/when the company posts any positive news NITE and CDEL will be forced to cover being they are always short and bam, we have a parabolic move up...
Not sure I understand. Are you saying VNDM is just holding issued shares and not actually selling them into the market?
As of yesterday TA says O/S is 1,344,266,688, however I still see VNDM on the ask and dumping into the bid.....perplexing.
Just called TRANSFER AGENT
Current share structure is 1,344,266,688.
She claims it hasn't changed in the last few days but LEVEL 2 is suggesting otherwise to me. VNDM seems to be dumping still......
Not sure what to think....any thoughts?
Right. And the issue is there are no filings that document who the debtor is and how much these notes are for regarding all the conversions taken place from JULY up until yesterday.
Well over 1 billion in converted shares and no indication when it ends.....hope VNDM is done.
wow....VNDM is unrelenting. Watched him dump at 0.0012. Grabbed a few. Anyone know what new O/S is? No way it's the same as July 20 with VNDM doing his thing.
Looks like shorts are covering, COULD BE GOOD NEWS ABOUT TO DROP....
Right, but at the very least people have to download the app to even make the in app purchase.
So if the low download numbers are low combined with you're estimate of only 10% of people making in-app purchases basically means revenue is super weak.
I'd be surprised if they generated $20,000 from GARFIELD GO thus far
Well said and dead on.
People keep writing "wait til FRZT releases the numbers".
Well the only way FRZT makes money is when the app gets downloaded right. How many downloads on GOOGLE PLAY as of now? 10,000-50,000.
So lets look at the numbers and take the highest download number in that figure...50,000.
How much money do you think FRZT made from those 50,000 downloads?
Plus PAWS. Inc gets a percentage, who know what Dominos and Amazon get.
So to say "wait til they release the numbers" aka the revenue, the numbers unfortunately are going to be very disappointing.
the numbers don't lie.
Agreed this is undervalued. Orphan drug status, the products already being sold (pet pain away, etc), patents, and pipeline drugs, all point to a higher valuation for the company.
As for the convertible notes/dilution consider this:
Tesla diluted shares into the market some months ago. The shares were absorbed, barely putting a negative dent in the PPS and once conversions were done, stock continued higher. The dilution had little affect cause the big boys were happy to buy those shares.
DEMAND EXCEEDED SUPPLY.
In our case here with NPHC (and the majority of pinkys) most of the 900,000,000 shares that were sold were absorbed by NITE and CDEL not retail. There is not enough retail investors like us to absorb that many shares.
So then NITE and CDEL with their HUNDREDS OF MILLIONS OF SHARES short the stock and sell their enormous amounts of shares into the bid, sending PPS lower. SUPPLY OVERWHELMS DEMAND
When strong NEWS or REVENUE gets released and retail investors like us begin to buy aggressively, demand increases NITE and CDEL'S big ask blocks get taken out, PPS increases and they are forced to cover there short positions and PPS flies. This is why when these sub penny stocks go up they make big parabolic moves to the upside, it's because of short covering
Hard to argue logically with people who are upset because most on this board are watching their investment diminish on a daily basis and looking for any sign of hope.
I was in this stock for two years, through many game releases including KITTY PAWP, which we were hoping would be the next big bubble shooter game (not). And when board marks were 167. I assure you I have gray hairs because of FRZT.
Those who bought in the trips (I was lucky enough to average down) sold for a nice profit and the new folks here are likely loosing money, unless you took a position in the last 3 days... holding on in hopes GARFIELD becomes a hit. And as of now, it's not looking good.
I hope for everyone's sake that GARFIELD GO becomes a huge hit and everyone makes tremendous money but know that it is clearly SUPER RISKY to get a "hit" game in this very competitive space....even if it's based upon a character that's world famous with free prizes.
GLTA
It would be most unwise for the company to issue news now while VNDM is diluting. that would be a waste of positive news.
Hopefully VNDM is finished soon.
Now that 0.0014 support has been broken 0.0011 is next key level of support. If 0.0011 doesn't hold next levels are in the trips.
Are you watching Level 2?
Retail traders cannot short penny/sub penny stocks or else we retail investors would all be rich. Clearly easier shorting these stocks than waiting for the occasional gains. These stocks go down much more often than up.
So that's where MARKET MAKER MANIPULATION comes in and that's where NITE and CDEL come in.
MARKET MAKERS NITE AND CDEL DO NOT REPRESENT RETAIL INVESTORS. They are entities that are allowed to short, that's where your regulation issue is valid. Def not fair to the average retail investor.
Why the SEC/Government allows these entities to short is speculative but I think it's because they (nite/cdel) have so much money (which is how they absorb enormous amounts of shares) that they can easily cover when/if PPS rises.The individual retail investor doesn't have that kind of capitol.
GLTA
Exactly. So I guess the only way we are going to find out is when VNDM eventually leaves and the company issues an 8K
That's what I've been asking. 10Q is vague and complicated. I don't see anything that states who owns the note(s) nor for how much the debt on these notes are worth.
I've been asking people on this board for days and no one has responded.
Well said and noble. I'm of the same mindset. When this stock was flying they stickied a post saying this was going to 0.20 in two weeks, very misleading and dangerous.
Garfield Go downloads say it all. Sadly dismal.
(1)10,000-50,000 downloads on Google play (dismal)
(2)Convertible notes due in Dec.
(3)Weak promotion
This made a huge run from 0.0002 to 0.014 a month ago on the HOPE that the combination of Garfield's popularity and the success of an AR scavenger hunt game like POKEMON GO would mean HUNDREDS OF MILLIONS OF DOWNLOADS AND HUGE REVENUES.
Then the app GARFIELD GO is released and the "hope/hype" was tested in the realm of reality.
REALITY: GARFIELD GO IS NOT GOING TO EVEN TOUCH A SLIVER OF POKEMON'S POPULARITY. As evident in the numbers and numbers don't lie.
GARFIELD GO IS NOT GARFIELD THE SUCCESSFUL FRANCHISE, UNFORTUNATELY.
If people buy this stock they should understand the reality of the risk they are taking.
Here's some advice for Mr Holland:
Get some millennials who write code to intern at FRZT and are into gaming (shouldn't be hard to find).
Challenge them to come up with NEW GAMING CONCEPTS. If they come up with something good offer them a small percentage of potential revenues and release that.
STRIVE TO INNOVATE. DO NOT TRY TO COPY THE SUCCESS OF WHAT HAS ALREADY BEEN DONE....trying to copy the success of other popular games has been a bad strategy.
I'll wave my consultation fee.....you're welcome
Gotcha. Well the BEARS/SHORTS have this in a strangle hold for now.
We have diltion (VNDM) we have shorts (CDEL and NITE) and we have ETRD. ETRD is either trying to get out and lock in profit from when PPS was lower prior to the recent run to 0.0033.
Or ETRF is a flipper and grabbed some 0.0014 and 0.0015's and is trying to quick flip for a few bucks.
I still think VNDM isn't done diluting. Seems he is just lurking and waiting at 0.0016.
I'll be buying as this ticks down. TREMENDOUS POTENTIAL HERE....
thanks for the response btw. Best to all here.
I don't know. What does that tell us?
Over 8,000,000 shares dumped at 0.0014. breaking support. New levels of lower support going to be tested.
Thanks. All i see are notes issued or executed on March 31st 2017 (not sure which), and notes issued that could be executed in 2018.
I see nothing that states that notes are convertible for this month and for what amount.
Can you explain to me what I'm missing and what you know?
TIA
Does anyone one know how much debt the note holder has to exercise?
I can't find anything in the filings and VNDM has dumped close to a billion shares apparently has more to drop.
Anyone know. TIA
This is by far the most legit MJ stock out there. You guys have a winner!!!!!!
CDEL and NITE are always shorting. They absorb vast amounts of shares when VNDM or whatever MM dilutes. Retail investors like us absorb some of those shares but CDEL and NITE get most of them.
They are usually on the ask with huge blocks or on the bid absorbing huge blocks. Then they manipulate the PPS by selling to each other and at times, some retail investors.
Only buying pressure from retail investors forces them to cover at higher prices which is why when these stocks run, they run big, because shorts like NITE and CDEL have to cover.
thanks thats awesome!
Thank you but correct me if I'm wrong but Octava wasn't a penny stock nor a sub penny stock like NPHC.....no?
Umm...can you provide some info? links and some details?
What kind of company? Who bought them and at what price?
Please......
Fair enough and hope your right. But riddle me this.....
Name me one OTC company that has ever been bought out by a large blue chip company......enlighten us.
Penny stocks don't only run on speculation. Not always. Although you are right in most cases.
MJ stocks ran when some states legalize recreational and/or medical use. Or when news comes of pending removal off of SCHEDULE ONE STATUS.
SF** ran and held it's gains when they successfully sued Microsoft.
Don't misunderstand me, I'm really excited about NPHC especially the use of Cobra venom. That's genius. Potential distribution in INDIA.... HUGE.
Pet Pain Away...tremendous market.
MS drugs in the pipeline...again incredible potential.