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As you said, there's no way to sustain price if nobody is there to pick up the dilution.
As an investor, I would want to get in as cheap as possible, especially as an accredited investor who signs an NDA and sees what the plan is.
Why would i want to buy a great price for a company that is going somewhere rather than at the cheapest level possible? What a concept.
This would explain the recent expeditious debt clean up, would it not?
Not sure, but this could be worth a whole lot more than 250k based on what creeper found.
Like a lot.
Hi Warefare, that's a good plan to not fall in love with a stock, as opposed to holding long term. And after 1000%'s of gains, you better be taking profits of some sort, there will be pullback nonetheless
Plus, this is the OTC nonetheless.
Unless you truly feel strong on a stock or perhaps in my case, a life changer, maybe hold some longer after profit taking. Too many things need to happen here on BYOC for a much longer hold, so we are all waiting. If things take place as I expect them to, I do plan on holding long term and some of the shares maybe a lifetime as crazy as it sounds. But i also will take advantage of the price action among the way. Call it trading while holding a nice core position, or combination of both short and long term. To each their own, as they say. So many ways to make money by investing, trading, etc in any market.
More so, I got to prove to my wife and a bunch of other people that it truly does work out by being patient.
Wow, thought you always said you wouldn't be here long term!
You're still under estimating the long term shareholders, but glad to have you in the line standing behind us, lol.
FYI we've had OTCX since March 2019.
When 1 million dollars worth of Discover dilution got soaked up in March of 2019, I vividly remember when there were large $50-70k bids that got filled and just kept getting refilled. That investor still holds those shares and everyone should be thankful of that investor otherwise there would be a ton more dilution down here.
So this stock has great holders that do just that, hold.
Again, who are you referring to who is getting the money?... it was a simple question...
Lol, just to make sure... you're referring to the office listed in Las Vegas?
There will be zero risk of going there and asking to speak to management. I encourage you to go there actually. If 30 mins away...Take an hour for back & forth, as you wont be there very long, lol
Yep, those were a couple of tickers I was referring to last night.... and there's a few others.
And you don't think Geordan knows this about the supply and demand?... or demand soon to come?... we know the answer to that.
It's awesome to be back down here to load up on some more on this "still" undiscovered gem.
To answer your questions:
I can't imagine, actually. But speculation is fun!
Them
Agreed
Agreed
Agreed
Them
I guess we all do, that's why we're here, you included. Lol. Or some are just waiting for the pump to sell off, which is typical.
Also, why would Discover file a 13G on 10/22/21 after which they shuck hands and opened up the contract for reporting holdings up to 9.99% when he never had to previously.
Lol, then i'll say "when" they grow organically, then we'll have more revenue in the books. Geordan has said that multiple times now through multiple mechanisms with signed contracts going live.
But as usual you don't give a reason why you say that with any facts or data... so it's useless or better yet baseless.
Regardless, the typical otc trader doesn't care what the company does, whether there's revenue / expenses, etc. So don't even go that route that pps is what the market values it at... that only applies to BB... and there's manipulation in that market too.
In OTC, kinda like any other market...all that matters is when people are anticipating the next run, which happens quite a bit in otc, hence why it's a great platform... and with less regulation.
The consistent revenue and the market cap, while that does not mean much now, does still play a role. Overall, for a value investor, this is cheap as fuck. Revenue, assets, value of NOL... then if they grow organically to offset the operational losses, get rid of more debt.
Ultimately, I do believe this dilution is to partially grow the shareholder base or build the existing holders qty of shares, disguised through Discover. He's well been compensated by now. Over I million dollars worth was converted shortly after S800 was purchased for god's sake and at a much higher price, it's in all the filings.
That's only 1 ticker,
But as we know from the amount left of preferred series C... that converts to just under 10 billion. So it's weird to have that ability to dilute this stock to oblivion, then give additional funding twice and equivalent for the equity in shares at 1 cent. Why would Geordan continue to give Discover shares and work with him after all this barf? The Discover contract is ironclad, as it has referred to on another stock where it was used.
So all those conversions add nearly up to 30 billion.
Perhaps it's all pump as you say, smoke and mirrors, mass hysteria, pandemonium in the streets, cats and dogs living together!
Its been the best and worst stock I've ever had, but I sure have learned a lot, good and bad.
Howdy Warefare, i'm baffled... as you have been wrong a few times lately. The settlement is additional preferred series C shares. So that's 726 million shares, which is a drop in the bucket down here, as someone mentioned on this board last week. Remember roughly over 2.5 billion traded higher than current pps... in one day also.
But I enjoyed the reaction on that link on dilution, obviously dilution is not preferred.
But if you pay attention to the otc as a whole, many people are saying the same exact thing as BYOC is doing with the dilution and stocks just getting pummeled. There was a well known trader that included BYOC with a bunch of other tickers asking which one will go to .0001 first. Mind you this is not saying much, but compared to those other tickers, BYOC stood out the best.
And you and I both know a few tickers that started in trips and are many pennies right now. What's funny is some of them don't even have any revenue, zero, niltch, nada.
Will there be more dilution... I guess we'll find out soon enough... there will be after this friday or should be. The curious thing is why after all this time, is there a ton more volume?
I was hoping for an explanation on your idea, darn it. I mean, that is purpose of an ihub board, yeah right... as we all chuckle.
Its great when everyone can be wrong while the company does what it does, whether right or wrong. Either way opportunities are there, just like there was last year... and guess what happened.
Now the same exact thing is happening, just on a much much larger scale and whether things we're done at the shareholders expense, does it really matter if profit is still made in the end? Although I guarantee money will be made here. Patience like usual is where big money is made.
And ever buy stock in otc companies!
Then you better sell now, lol
They are reporting revenue, and the profit margins are good.... for S800, not BYOC holding company.
People need to remember that this can be treated almost like a startup in some cases, as ultimately BYOC is holding company.
So when there's not losses, NOLs can be very beneficial.
Please explain how a tax loss carryover, when used to reduce tax burden is not beneficial and worthless?
Or used in an acquisition, that would certainly be worthless too.
So looking at history... the SAME exact thing took place last year... dilution to get rid of debt. Auctus fund I believe was the dilutor last year, with a few nice pops, then the big one earlier this year. Keep in mind, there was no real big change to the business, none.
The worst toxic lenders are gone... there's really only one now and he's providing more favorable equity financing over 1 cent.
As you say, this will rise again. Assuming there actually are contracts going live at some point, and it's favorable... that will certainly help.
Besides that, there's still a lot of companies diluting the shit out the shareholders, especially now. As you say, a company can't dilute if they're no interest for picking up shares.
Besides that, why the hell would anyone sell down here, there's much worse companies that rise for no fricking reason, lol
Yes, this is very true and why there is a lot of hidden value to BYOC with the NOL. They could reduce their tax burden but they aren't using it yet.
Ohh, we are definitely in agreement on a quite a few things, as I said that myself that the lower this goes, the more shares Geordan gets... makes perfect sense. To your point about why try figuring out where the dilution went to... its not so much as who has or hasn't soaked up shares.. its the timing with everything, what's been announced, and what they're trying to accomplish. While debt is being taken off the books, there's still some there related to the purchase of S800.
I still say in terms of everything financially, this last 10Q is the best we have seen thus far. Losses Yes, but less operating losses. It is a holding company, which increases the overhead.
Also, the Iliad lawsuit has been done for a few months and the shares settlement is to the market... remember PAUL MM and all the T trades, that was the Iliad lawsuit dilution. Either way, that's nothing compared to Discover has.
Like you said before, shares went somewhere and we can only speculate.
I'll say this as I have to couple of people... it took about a month to go from .001 to 1 cent... no doubt this has attracted attention and who wouldn't mind loading up down here for another great run, perhaps the same group, who knows? That's why I'm quite certain they know they can bring it back to that level once again... again blatantly pumping with Discover providing equity valued at 1 cent, lol.
I'll be grabbing some down here with you, not as many, but I will be eating... and possibly with Geordan, it will be profitable!
I don't agree that its Geordan's conversion of his promissory note. The 10Q had all the releases of the series C conversions, damn near right up to the 10Q. Its all in the filings as I always say.
Geordan's conversions don't have anything to do with the series C preferred shares.
As for Discover, I'm always shocked as to how many shares he has converted, which is now more than the 2.5 million $ he initially gave for BYOC to buy S800. He's converted more than the 3.4 million $ on the note that was exchanged for the series C. So, including interest, the dude should be well over 100% compensated. That's quite the "ironclad" contract. So, according to the amount left of series C, there's shy of 10 billion common shares to convert equivalently. That's another 10 million dollars at .001! If so, he really has done quite the job here... or is there something else going on here that we don't know?
You are incorrect though on Discover having 2 lawsuits against BYOC, its only one. The other one was Iliad, who was literally the toxic lender... https://utopiacap.com/iliad-research-and-trading/?amp
As for the theory of taking it as low as it can go, considering everything, I wouldn't go against that at this point. But there's been more than 4 million dollars worth converted down here, so taking it that low doesn't make sense... why wouldn't those investors just wait for the true bottom. Its interesting.
I just can't over all the conversions after 9/30, which was soaked up in the market by something. Nearly 4 million dollars and something already has nearly all of it!
As for Geordans salary in shares, that is still shareholder friendly, which we believe needs a form submitted to execute to take the preferred shares.
Now, will he sell off inve he has common shares? Again a form 4 is needed.
But if there's value here like somebody or something is clearly sucking up shares for some reason and with a ton more volume, then I'd say theres clearly a means to an end coming. I don't think we will have to wait long.
Right now crypto is hot, so that is the hot market, not OTC at the moment. When that comes around and crypto slows down... back to OTC they will come. So my guess is we have front loading before the flock comes back and it will.
While S800 may not be profitable, we still have contracts that are suppose to be "going live", which maybe will bring profits. This was mentioned in a pr.
The other gleaming aspect is that the debt... in terms of millions of dollars worth has literally been extinguished from the books. The illiad lawsuit technically ended the 1.4 million owed to them, as half of that got diluted in 2020, compare from 2019 to 2020 to this 10Q. This Along with other debt. Now this year the major toxic notes are done and to the market. So why wasn't the pps taken to near .0001 or no bid?
There's been something that's picking up this dilution... you've mentioned this before but now taking another stance and forgetting that.
Yeah, nobody is happy with the stock performance but this is the best 10Q that has been put out this far. S800 is taking a loss, but it's improving in the right direction and has consistent revenue. Contracts need to go live, which perhaps there's been upfront development work that needed to be done in order to get said contracts, which lead to profits, going live.
I of course could be wrong and they take the OS to 30 billion... but then why and how will it go to that... again, who's picking up the shares? What is the plan, clearly there's a plan. Acquisition, merger, otherwise what's the point?
In the mean time, the NOL for tax loss carryover grows, which there's value to that which is huge.
So what's in store for us next? The lawsuit I still say was a smoke and mirrors tactic.. you don't give BYOC more money, then sue them, then give BYOC more money again and equivalent conversion rate that is much higher.
All of this is public knowledge, just need to connect the dots... and down here, we're stuck again and nobody can do anything except for wait it out or sell down here for peanuts.
Just my take on things, for whatever it's worth.
I always find it curious that otc market stocks go in ebbs and flows together with many other popular otc stocks, no doubt there's powerful sources behind them all. A ton of other experienced traders out there are seeing the same thing... and miraculously a lot of companies are being diluted just like BYOC, imagine that.
If that isn't manipulation, than I don't know what is.
I personally see BYOC in a better position overall compared to other pink current stocks below .001, but i'm of course biased.
Some calling 52 week highs coming before year end, but that seems highly unlikely.
Will see I guess.
Lol, well George is not going to do much here because he's dead.
As for the toxic lending from convertible notes from awhile ago, they are done, gone, nada. Illiad was the last, that was done a month ago... remember the t trades?
Also, do you know how hard it is for an OTC company, even a legit one, to get funding. Its hard.
Otherwise I don't know what you'r trying to get at?? BYOC is an SEC filer.
Securities Act of 1933. ... require that investors receive financial and other significant information concerning securities being offered for public sale; and. prohibit deceit, misrepresentations, and other fraud in the sale of securities.
Ummm, "George" is going to do much for us anymore, lol. You're a mod??
Toxic lending is done, as well, most of that got absorbed last year, with the rest done with illiad a month ago.
I'll contend that the price action and everything the company has communicated has been made "purposely" obvious, just need patience.
But I do 100% agree the action is to screw with retail, definitely. As we know, everyone will sell on pumps and not hold the stock like the company truly wants as a shareholder base.
For the language that BYOC should be worried about the SEC.... BYOC is an SEC filer and everything is disclosed. What OTCX/ Discover does with their shares is at their discretion. This would be the stipulation against a judgement or that the SEC is coming to investigate BYOC. I agree whats going on is shady, but we all know retail is not picking up these shares and a shareholder base that can hold is being built or already built at this point.
They don't care about retail, why should they... retail don't care about them either.
Securities Act of 1933. ... require that investors receive financial and other significant information concerning securities being offered for public sale; and. prohibit deceit, misrepresentations, and other fraud in the sale of securities.
Yes, we all should listen to our leader and sell off, lol. We didn't last year, why would we now.
Everyone knows you'll make the most money by buying low and holding for much higher. What was that called, I think some p word and then run.
Oh, I know, preaching literally that we should run away from the stock... not wait for the parabolic run and lose our asses.
I figured you were buying some of the fear down here, which you had previously talked about on many occasions awhile ago.
I definitely will say that we're not in trouble down here... maybe for some that sold off, but definitely not for the stock here in the illustrious OTC, where almost everyone, including yourself, will sell nearly completely off and those in control know this all too well.
As you say, people will chase the price, regardless of price, so who gives a rat's arse how many times they screw with the price, it will be chased... that short term otc memory, lol.
Will see if there's a change in direction here, at least we're all waiting patiently, grumbling about it again too, but happy to average down while it lasts, as well.
Its entertaining, to say the least
I have no disrespect here, but you're not living by your preaching.
If you loved the 8 and 9s, then you should love the 5s. Taking the opportunity to buy shares down here... never thought it would ever see this level again from last year. .. is what it is, take advantage of it while it lasts.
Earlier this morning I was mentioning to some that it appeared that MMs were closing out thier shorts... wow was I wrong, lol.
As always, I'd love to know who's been buying all these shares then?
Its less than that, lol ... but let's see what the next 10Q brings in BYOC.
You're a moderator?
I know, right! Smfh
I've posted the links to the filings many a times. Once in the filing, use the find function or "control F" for key words such as Debt... which will take you right to where to find this information.
Toxic debt is long gone... just waiting on the Discover note, or dilution to be done. Its crazy that it's not done by now.