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Lol...there has to be a technical bounce somewhere...right?
Or is today the day the whole thing falls apart?
Steve Ross needs to unload his 25 million shares at some point.
Ready when you are Mr. Ross!
Costello's P&D empire has now expanded to a half dozen tickers.
Kind of like Carillo Huettell shell play from 2012 - 2013, but with a wolf of wallstreet wannabe clown frontman to tie them all together.
They PUSHED Ross' ownership to under 10%.
Flechner and Cutler were issued their 130 million shares as debt settlement right before taking steps to bring the shell current.
Before that the O/S was roughly 120 million and Ross owned approximately 20%.
They issued just enough shares to take Ross down below 10%. He owned his shares for like seven years and hadn't been officially "affiliated" with the company in years.
Anybody know a good SEC attorney who can weigh in on Steve's shares?
How else would the float increase by seven million shares?
Read page 19 of the 10k again. I think Ross gets a 144 exemption because he wasn't technically "affiliated" with the company for several years and owned the stock for more than a year (seven years actually). By the time Costello bought the shares from Flechner and Cutler (potentially in violation of rule 144 as a shell), Ross was just some dude who owned a ton of shares.
Unless I'm reading that wrong, Ross has had the ability to buy and sell shares here all along.
If this were the end of a Scooby Doo episode, we would be pulling off Costello's mask to reveal Steven Ross.
Steven Ross owned (and presumably still owns) 25 million common shares of dcgd stock.
Common shares are EQUITY not DEBT.
Which part of what you posted refutes that Ross retained his shares? Flechner and Cutler owned 56% they sold that to Costello. Ross owns/owned 10%. That was not sold to Costello.
Thus Steven Ross owns 25 million shares. Unless he sold a few million today.
Lol. So flechner and Cutler werent allowed to sell their shares to Costello? This just gets better and better.
Steve Ross might still have 25 million shares that he needs to unload (well, maybe less after today).
Ready when you are Mr. Ross!
Did Steve Ross dump a bunch of shares around noon? Or was that someone else dumping?
Uh oh. Is Ross selling those 25 million shares?
Long way down...
Steve Ross' 25 million shares are now worth $55 million.
How long before he starts selling?
Ready when you are Mr. Ross!
Guess long face was right on this one. Good luck fellas - I hope this rebounds nicely for you.
Sadly I had to exit yesterday.
Nice ticker though - made some good money here.
Are Steve Ross' 25 million shares restricted or not? He "only" owned 9.68% of the shares as of the 10K.
Because he was just under 10% can he sell his 25 million shares?
Has he been selling (and buying) this whole time.
Sure would explain a lot...
That "class act" admitted to lying about his education on the 8K.
What do you think about Steven Ross, the guy who owns 25 million shares and was involved in the original DCGD p&d back in 2012?
See. The Steve Ross thing drives them nuts.
If Steve Ross owned 9.68% of the company (just under the 10% trigger) could he have been selling shares this whole time?
25 million shares is a LOT of shares to dump onto the market.
Wonder what that would do to the share price.
Steve Ross (in my opinion) is the brains behind this. Posting his name on that board puts the pump team into overdrive. It's the only time you really see them go from being dismissive to downright nasty.
Occam's Razor - simplest explanation is that an old pump crew decided to get the band back together for one last run. Kind of like the Blues Brothers for scam artists.
Actually, this would make a pretty funny movie with Costello as the bumbling idiot front man.
Isn't it a fun coincidence that they issued just enough shares to bring Ross' total ownership to Jusssssssst under 10%?
Womp womp.
Steve Ross owned 25 million shares (10% of the O/S) per page 19 of the 10K that was filed in August.
That same page also states that Costello's shares were purchased from Flechner and Cutler. They owned 56% of the company. That's what Costello bought.
Some of the pumpers will point to the fact that debt was discharged upon the completion of the sale. Ross' 10% EQUITY (common shares) is not the DEBT that was discharged.
There was no mention of Ross' shares in the "subsequent material events" section of the 10K. Hence, one must conclude that Ross, a key player when the company was pumped and dumped in 2012 is still involved here.
Ready when you are Mr. Ross!
No 10q. 2 LOIs in six months that don't lead to a merger or acquisition.
All through massive dilution.
And a massive drop in the stock price.
And you call my statement "misleading".
Only on ihub...
Steve ross, known P&D scam artist owns 25 million shares per the 10K.
His shares were not purchased by Costello. Nor were they part of the debt that was released upon completion of the deal.
Costello isn't smart enough to run this P&D. Decent chance Steve is pulling his strings.
This isn't cutting edge. Sorry. A quick Google search turns up plenty of companies that offer this exact same thing.
We wouldn't need DD if the CEO released the 10q now would we.
This isn't cutting edge technology. The process has been known since the 1800's. There are dozens of competitors in this space.
PCTLs patents are pretty much worthless.
That's why they have a grand total of four customers.
READING 101
Steve Ross owns 25 million shares (10% of the company).
He owned the 25 million shares in the last 10K. Per the footnotes on page 19, costello's shares came exclusively from Flechner and Cutler (adds up to the 56%).
Ross was not a party to the transaction with Costello.
Some pumpers will point to the fact that a small amount of debt was extinguished upon completion of the sale. Ross' shares (per page 19 of the 10K) are common stock. In no way are his shares debt.
Ross, the guy who originally pumped and dumped DCGD to $0.61 in 2012 owns 10% of the company.
Bet that $2.00 share price is looking really good to him right now.
Page 19 of the 10K. Flechner and Cutler sold their shares (55% of the company). Certain debt was extinguished upon completion of the sale.
Steven Ross still owns 25 million shares.
That's a lot of shares.
Steve Ross owns 25 million shares. Sorry. Can't pump that away.
Certain debt was forgiven upon completion of the sale, but nowhere does it say that Ross' 25 million share ownership was extinguished.
You guys know that is absurd. He owned the shares - the two directors can't make them dissapear.
Wouldn't be surprised if he was pulling costello's strings
Unless the stock disappeared (which it didn't because the share count remains unchanged), Steven Ross owns the 25 million shares.
It's black and white in the 10K. Costello bought his shares from the two directors. Period.
If you're pointing to the section about debt being forgiven in the event of the sale going through, that is not referring to Ross' 25 million shares. Shares are equity, not debt.
Ross owns the 25 million shares. Per the 10K.
Sorry.
This is an empty shell worth $350 million dollars. The CEO is a no-name ex limo driver who has already admitted to lying on an official SEC filing. Shady characters from 2012 own a large portion of the O/S.
Another big name ticker got suspended a few days ago for FAR less.
Dcgd was pumped to $0.61 and dumped to trips by Steven and Donald Ross back in 2012.
Steven, per the latest 10K, owns 10% of DCGD. 25 million shares. Those were not part of the transaction.
Costello didn't go to Harvard business school. He has only appeared in a handful of blog post type articles, mostly since 2017. He literally was a limo driver a few years ago. Nothing supports his claim that he runs a billion dollar hedge fund. The whole premise is absurd.
The original pump crew is involved here. Steven Ross was part of that crew and he owns 25 million shares, that on paper are worth 50 million.
This is a Carillo Huettell zombie. Steven Ross set himself up pretty good on this one. Talk about playing the long game.
Should be fun when his 25 million shares hit the market!
Steven Ross owns 10% of the company.
If Costello knew that he was going to roll billions of dollars worth of assets into this ticker, why not buy those shares for $75K? It's not like any of these guys were in a position to negotiate. They were holding an empty shell.
Doesn't matter. This will keep getting pumped until the SEC really starts to dig.
Steven Ross' 25 million shares were NOT part of the transaction. Below is directly from the 10K. Steven Ross did not sell his 10% to Costello.[color=red][/color]
(3) On June 20, 2019, GRN Funds, LLC, a Washington limited liability company, and its manager and Chief Executive Officer, Justin Costello, purchased a total of 139 million shares of the Company’s common stock representing 55.65% of its issued and outstanding shares, in a private transaction with Stephen Flechner and David Cutler. As a condition to the closing of the transaction, Directors Mr. Stephen Flechner and Mr. Ralph Shearing resigned, and Mr. Flechner resigned as Chief Executive Officer, President, Secretary and Treasurer, and Mr. Justin Costello was concurrently named Director of the Company, President and Chief Executive Officer, Secretary and Treasurer
Not true. All of the shares that Costello bought were from the two directors. You can do the math yourself.
Steven Ross' 25 million shares were not part of the July 2nd transaction.
You're blatantly lying.
Steven Ross, one of the dudes who originally pumped and dumped DCGD back in 2012 is now worth $50 million on paper.
From $75K to $50 million in ten weeks.
That's one lucky guy!
Steven Ross is now worth $50 million.
July 1st, Steven Ross owned 25 million shares at $.003 or $75,000.
Today, when the stock hit $2.00, his shares were worth $50 million.
Makes you wonder why Costello didnt buy Ross' 10% of the shares when he bought the original 55% at $300K.
Lol. Well played. Solid troll effort.
Shouldn't you contact the authorities?
Epic trolling btw.
There is zero pump on this stock. Some of us on this board like to make projections, but you won't see the usual crowd with big Twitter followings and insane predictions here. Oddly enough, the fact that there isn't a ton of toxic debt (and resulting share dilution) makes this a rough stock to flip because of the lack of liquidity. Like non-otc stocks, it actually tends to only move on news.
I'm pretty sure the $280K in deferred revenue is for the 14 remaining months of netcapital work in the contract.
The receivable offsets that amount. Pretty sure it's the same transaction.
I'm thinking $240K is a good rough number to expect on the 10q. They've picked up a few solid new clients. Number could be higher if any third party transactions allow them to write other equity stakes onto the books.
I also think that their netcapital stake is worth MUCH more than the roughly $700K that they've got it on the books for.
Eh, don't need guidance. Just pull open the last four filings and build yourself a model.
It's fun!