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BRING THE FINANCIALS AND NEWS REDCAT!
Prove me wrong please.
But with all the Series A stock being created I think existing shareholders are taking a huge hit. Value Redcat a $5 million and divide by the new total of 26 billion shares... 0.00018 or so. Ouch.
I understand that isn't how things directly work. Like I said - I'm praying this RM and new company can turn things around.
Its been over a year of nothing.
I can't share your optimism until I see Redcats financials which they are required to release in 4 days or less time.
The additional creation of shares may kill us share holders.
Or - if their monies are good and they've something else to drop on us we could benefit. Still too soon to tell I think.
Well there you go. I expect more filings in the next four days.
Let's all do what we can to get this noticed tonight and tomorrow AM.
Post on other boards.
Get the post count up tomorrow AM. Breakout boards.
Let's generate some real interest. Post what you know starting at midnight.
My take is the RM is 99% going to happen - with heavy dilution which basically Fs all of us.
I'm no expert when it comes to these things but the numbers I read don't look good.
Perhaps the RM will balance out the dilution but I'm not to hopeful.
Right now I'm thinking i bet the wrong horse.
I think we'll get another glimpse when the 10Q files in the coming two weeks. I expect a delayed filing but it will come.
Redcat Propware tweeting about Blockchain 2.5 hours ago.
Makes me want to believe this could actually happen.
Your read on things is correct. Hopefully those numbers will somehow return.
I was watching in January and dipped in small in March 2018. I've averaged down nicely but am still obviously in the red...
Should have a 10-Q coming in the next two weeks.
For this thing to run an announcement has to be made. I believe the a RM will be the announcement the only question is when.
JR again borrowed some monies to push things back another two more months. Only two reasons I can think of to do this.
1. What we all fear. That the TFVR is indeed backrupt and he's going to delay letting it out for as long as possible.
2. If we RMed, likely with Redcat, they are working together to time any announcement with some progress on their end. A RM would be good. Add news or development to that and this could go the distance.
If Redcat, and I've read they are still in testing phases (supposedly), maybe by July they will be ready to roll something out.
Plus, the longer we wait, the higher BTC will be.
Agreed. Nice volume today!
They have been playing kick the can for the last year. Borrowing to pay lenders ad nauseam. The pattern continues.
Perhaps this time will be different? An adage we've all said and thought too many times here.
I'm still hloding because long.
After this much silence, I'm left with the impression once/if Btc takes off again and shows some gain, then some news will hit. Makes sense I guess but I hate being in the dark. Although this is nothing new for us here.
I would like to believe that if this RM didn't go through, we would have heard something about being bankrupt by now. Oh - and the obvious - whoever is holding all these shares and whomever has inside knowledge would be dumping quick.
Hang in there guys!
Is this a Trading Halt? Investor - your thoughts?
That's probably because we're now bankrupt. Perhaps a miracle deal has been made though. Who knows when we'll learn anything.
Is anyone worried about this dealing falling through? Based on JRs track record we're sunk. Report doesn't sound good. We need additional lending within 10 days... Other company (maybe Redcat) might not have what they need in order. I feel like the stars still need to align.
Should this all happen and a miracle deal go through BTC would still need to be on the rise and we'd need to dodge a RS.
I'm a risk taker like you all but this really has me worried.
What is everyone's thoughts on where people are holding? I'm a long who has averaged down. Is it safe to assume all other longs have also averaged down? Even if people bought at .15 it wouldn't be hard now to average down to .03 or .02 right?
I guess I see this as never hitting those 2017 numbers again. If this somehow gets to .05 I'm bailing without looking back. Heck - even .02 looks and sounds good to me right now.
Looks to me like we have two weeks left to get a deal done. (April 15). Old JR had already jumped ship. Likely means we're gonna shutter doors here. Only reason he leaving is because this is sunk. I don't like it.
I'm in because long and ready for my shares to equal zero but ouch. I suspect a major sell off here today of record proportions. Bummer.
Wish Investor is right. We're on the same team man. But damn it doesn't look good.
So you're out now too - ouch. Not many left. This place is so quiet.
I'm just gonna sit with my mil+ shares that are worth nothing and see.
It's very likely what TFVR has mined in the last six months is less than what I've put into this POS. What is more pathetic, me wiping my ass with my money or this company?
No one should be surprised when we RS and then get further dilution. Anything beyond that though I will be surprised about.
I suspect things may still be running so we're probably up to four or five bitcoin by now... At best.
Seems very unlikely. Anyone left here is hodling long. Outlook very bad.
Not sure why we have 1mil plus buy today. Maybe MM activity who knows.
I'm optimistic but most would call me a fool.
Is there an alternative way to raise capital to pay off debt? Something other than a RS and dilution?
How about announcing something? Update the website? Oh yeah -that would require work...
My monies lost here would have been better spent on hookers and blow.
I just don't understand how someone can piss away a business. If I'm Read and I've 15+ million shares wouldn't I want my business to succeed? He's not even trying and doesn't seem to care.
So what is the miracle that will bring us our money back? BTC price getting back over $20K? At this point I don't even think that would do it.
So if I understand these filings correct - Read punted the first vote knowing he would lose the RS. Then tried to cheat (which appears legal) his way into voting with all outstanding shares - and then still lost. All after a pathetic plea for all to reverse their votes on the RS.
I don't know if we should celebrate or not.
Wouldn't be surprised if Read went down with the ship just out of pure spite taking us all with him. At this point he basically already sunk us all.
Should be exciting moving ahead no matter what happens! Great work iHubers! Cheers!
I have to wonder if JR has been going tantric this whole time. Just waiting for the RS with months and months of buildup. Could it be there is a mother-load blowout coming just before Christmas?
Somehow I doubt it...
Very likely he did not receive the votes needed to consider any RS option. That means as soon as JR is done cleaning his pants he'll send out a doom and gloom press release.
I really hope this was an eye opener and he spent the last week coming up with a contingency plan better than begging for people to reverse on their vote for a RS.
At this point I consider my money spent for 1mil+ shares gone. Would take a miracle at this point.
Don't know what to say. According to their filing - we're all between a rock and a hard place. Not sure I believe they would close doors but it seems possible. Too bad old JR hadn't fully communicated that to all before the meeting. What a F ing idiot.
Like everyone else here who is long and in ballz deep we want this to succeed but I feel like I'm rooting for a one legged man in a sprint.
Wonder if this was the plan all along. Default on all payments, shut doors, then surrender assets to a friendly insider? Wouldn't put anything past JR now.
Anyone have any insight in this one? Doesn't look good to me.
I'm confused guys - help me out. I gather between the usual posters here on IHub we've collectively what, ~20 million shares? Where is everyone else? Who else owns all this? Are there other discussions happening elsewhere I am oblivious to? Not much really happens on the Yahoo - I check every once and a while.
Voted my 1.X million shares similarly to others here. I am in complete agreement. This thing has spent 10 months going down.
I do think we'll get Q3 in the next two weeks though - before the "meeting" happens. That could be good right?
Arbitrage? Just requires buyers and quantities at this price that cover fees.
Looks like Q3 reporting should arrive before the (ahem) scheduled meeting. But we all know how those meetings go. I wonder what a positive Q3 report would do. Is this meeting more likely to happen because we are approaching year end?
In my limited research I'm led to believe if all of the equipment TFVR owns is running with minimal utility costs to Owner, TFVR is likely netting no more than $30K profit a month. That really isn't very much given their investments thus far. (and debt)
I think what TFVR really needs is for crypto pricing to go up.
Would be amazing if this could continue to creep up to .01 before 3Q report is released.
Should news get released before then, I don't think it would cause a spike but just lift this daily average PPS a little. Any thoughts?
Sub 20% gains usually is just MM games. ~ +30% with minimal volume makes me think something might be up.
Anyone keep up with SEC filings? Something coming?
Any day now.... right?
Sometimes I think it would take a miracle to get back to .05 as seen in January - forget about the spikes that happened.
But then I think about little to no communication for the last eight months. Heck, they still haven't publicly announced their website. Things I do believe are happening in the background. Fingers crossed that something is brewing.
I expect an update that reveals a successful installation of rigs into the PA facility. That should bump us back to .01 or just over and get the TFVR name back out there to attract attention.
Long term I think everyone hopes crypto balloons again. Who knows though. That is the gamble we are in.
So was this S1 already pulled from all locations? I checked on IHub and can't find it. Checked on the Teraforge website and can't find it. I do see on iHub people talking about it. Check around message post 7093.
What going on here?
*EDIT - wait. They are referencing 2017 not 2018. hmm. My mistake. I have no idea what this means. Anyone?
Looks like we have a lot of debt. Better get those machines running and pray for a crypto explosion.
Once again, I don't know what to think. No dates indicated - meeting now in Florida if I read correctly.
And someone was right about them getting an extension to meet regulatory status:
"Avoid the taint that is associated with stocks that trade near or below $0.01 per share . We believe that many investors including those seeking to speculate in companies in our current and planned business may believe that trading near or below $0.01 per share creates a taint and makes it susceptible to stock promotions. By effecting the Reverse Split, we hope to move out of that possibility. Our common stock closing price during the week ended August 3, 2018 ranged from $0.0037 to $0.0047 per share. Because we have traded below $0.01 for an extended period, OTC Group Markets which operates the OTCQB recently gave the Company an extension of time to September 21, 2018, to cure the $0.01 bid price deficiency. If our common stock does not have a closing bid price of at least $0.01 for 10 consecutive business days, our common stock will be traded on the Pink Open Market operated by OTC Markets Group. Because we do not expect we will get an extension and due to possible delays with FINRA, we cannot assure our shareholders that we will continue to trade on the OTCQB."
But with the cautionary verbiage throw in the end this could go either way.