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Last year's low was .0002, but no retail got any, but lots of .0003s were bought.
The shares for his salary need to be registered, and in that 8k filing, they had blank Exhibit A as a form to be filed out. I would believe, just like a form 4, this would need to be SEC filed, so we would see this when it happens, but I'm obviously not entirely sure. I've not come across this before in my research, so it's quite unique. Stock options is very common but those are in addition to getting a salary in cash, so this is quite different.
Awesome stuff War... I've listened to an interview podcast by JJ(aka Vwaptrader) before this and follow him on twitter, but I honestly never seen these before.
Also, watched this one and starting at 44 min is good and I believe we've seen this action on BYOC when they're talking about inventory and creating 3 sets of buyers. Bottom line, when you can pull inventory from dilution, you're covered.
But its also creating interest via volume. You look at most, if not all, runners before they run, there's massive volume. Hence volume always preceeds price.
Come on, math is hard for some.
For me, its super easy to calculate how undervalued this is, when taking into account revenues, all assets, NOL value.... oh and pretty much the major debt gone. Especially with the Discover note by by.
Compared to market cap, it's at a fraction!
BYOC
That's what I just said shortly ago... you can't make this up!!
It's a hell of a job, hey?
Settling with Discover on the note/ lawsuit... yep, that's coming I believe from what I'm seeing.
I'll say this yet again, its Discover that is the dilutor for providing funds to BYOC for acquiring S800, which turned the company from a shell into a holding company. BYOC is not getting any money from the dilution.
Discover is allowed to dilute to fulfill the note owed to them, which is coming to an end where the will be no more dilution and any equity raises will be a TON more favorable for acquisitions, merger, etc.
Get the facts straight, this isn't rocket science, lol.
We all definitely feel your pain with the constant dilution, as its been relentless, but does appear to coming to a close, but I also want to say "get to the back of the line" lol....as there's a few of us that have been through the wringer here on BYOC.
But things are improving with the business and the companies eyes are set for bigger things, that is plain to see.
BYOC always beats to its own drum, is what it is.
But we do feel something is coming, whenever it comes and with all the volume and the picture being painted, it should be moving north.
As you previously said, there will be plenty of prs and news that will be released. Got to wait for it, a bit longer. Rough but what can we do.
Well, the only caveat to this is that Geordan wants to get shares for his salary.... and its actually in his best interest to convert that salary with pps as low as it can go, hence yielding or maximizing more shares.
Also, while dilution is going on right now, I don't think a CEO can legally, ethically, or morally take shares until that's done. I would think there would be shareholders who would get a lawsuit going, if he did that.
I could be wrong of course too, but this is NOT a slimeball CEO, and neither was his father. I'm leaning on it's all being done cautiously, smartly/ timely, and yet still extremely favorable to long term shareholders. Otherwise he would have sold BYOC a long time ago. All imo
Well, based on Discover is the one who's received the millions in dilution, for giving BYOC the ability(aka funds) to acquire a company called S800... it appears Discover is helping them fund further growth once again.
Perhaps you missed the news today...
https://www.accesswire.com/669685/Beyond-Commerce-Closes-1-Million-Equity-Financing-Priced-at-001
Perhaps the MMs soaked up a ton of the dilution over the past many months and then recently a VIRT institution/ investor staked a claim in BYOC with all that volume recently.
After soaking up and getting rid of a huge supply of shares, thus opened the door for Discover to disclose in that 13G what they have left to go to close out the note.
Just a theory of mine, so who knows
Wrong, as usual.
And we're are 15s already, buhahaha
Its on topic, BYOC at current price is at a discount to its true "book" value... and that is in fact... a FACT.
It's a silly stupid market here in the OTC where no DD is ever done, and I love these prices and opportunities. Still buying
“Just buy something for less than it’s worth.”
BYOC
Ramon noodles, selling house, then moving family to a van down by the river.
I just can't take it anymore!!!
Baaa wah
They getting the best of me now.
Save our souls!
BYOC
I don't see investing as gambling. There's a time and place for gambling in the market, and that goes for any market.
For myself, I see it as this; before crossing the road, what does one need to do?
For BYOC, I started crossing the road awhile ago and did foresee some potholes, bad weather, etc along the way to the other side, but path was clear of oncoming cars. Unfortunately, there was definitely an ugly median apparently to get across(see weekly chart 2 year timeframe). Totally didn't expect the CEO to unexpectedly pass away, which made that median DEEP. Created some opportunity though!
But now we're getting out of the deep ugly median and I definitely see the other side and the road is better shape and path is clear.
The point is I've done my homework, DD, Etc... understand risk/ reward.
For gambling in OTC, I guess that's why people use the term "lottos", lol. Comparing gambling with lottos in the otc to crossing the road, is like playing "frogger" with very fast moving cars. There's skill to those lottos as well, but much much higher chance(risk) of going "splat".
That's my take on things, hope it helps and brings some laughter too.
Lol, I never said it would, you made that assumption yourself, nice try though. This is quite entertaining though.
With that mentality, one will be trading pennies for chump change for ther rest of thier lives, I aspire and owe myself a whole lot more than that. But GLTU
BYOC
And who snatched up a ton of shares the past week and a half?... there was a new MM that ive never seen on BYOC L2 EVER before. Hmmm.
I pretty much summed it all up in 2 recent posts, lol.
Oh well... see ya at the top!!
Also Geordan forgave over 8 million dollar judgement that was owed to the Purglove Estate from previous management, which is how George Pursglove got BYOC back under his control. Then changed BYOC status from a shell to a holding company by making the S800 acquisition.
This is in top of the Purgloves NOT taking any salary since take back control of BYOC since early 2017 or 5 years. 5 years not taking any salary, hmmm
So now Geordan took away over 8 million off the books, that was owed to them, and now taking a salary... and it's ALL in shares!! Wow, he must have pretty good confidence here going forward, as cash is usually king.
And somebody says Geordan will just cash out and run off to an island or something else stupid. People need to start doing standup comedy how hilarious the things I've heard here on the BYOC board.
Lastly, how clucking bullish is this? Lmfao.
What are you even talking about? Jeez man. Do you even know what's been going on? The reason for the conversion of the notes is for the purchase of S800... you know... the one that was just in Las Vegas at the TSW Expo they tweeted on this past week?
So BYOC isn't getting any money from the conversion, the notes are what is left over from paying for that S800 acquisition. As War said, BYOC is a holding company, and they've made some other deals besides S800 in the past couple of years, that you prolly have zero clue on. Nonetheless, they have had some expenses from those and carry over from S800, which may have been more expensive than George realized. So there's been cleanup in many facets reflected in the financials, and if people could read, they'd see this plain as day.
Also, a TON of downfall happened with the passing of George Pursglove (father of current CEO), such dropping pps, losing QB status, etc.... and if you had read the terms of the note, explains triggering events below .01.
I'd recommend taking this whole weekend and catch up on filings, note they are "SEC filings" also and not regular OTC filings which I could practically file myself. Go ahead compare SEC filings to OTC filings, OTC filings are a joke.
https://www.otcmarkets.com/stock/BYOC/disclosure
We are correct War, and anyone that has read the lawsuit like I have, it clearly states Discover as the institutional investor of that 1 million dollars, valued at .01, so John Kirkland is a funder and has a "valued interest" in BYOC doing well. He's been a founder in other OTC companies and those have done well, such as C.E&I.
Speaking of the lawsuit, it appears that there's a settlement coming.
IMO, the last billion of the conversions will be diluted and note fulfilled and the associated billions in authorized shares that legally forced BYOC to make room for the Series C conversions will be cancelled, aka share tactic, lol.
So besides the 100 million shares Discover has, my guess John Kirkland will get a settlement in shares, which he will hold for much higher than 1 measly cent. Will see and wait patiently comfortably.
Anything particular on Stocktwits?
I did research on John Kirkland a little while ago, seems like a smart dude and is here for the greater good for BYOC, ultimately. Yes, there's dilution, but something or group has been buying them.
Anytime a party like you, me, Discover holds more than 5%, that is significant enough to affect the voting power, and a 13D or G must be filed.
https://www.investopedia.com/terms/s/schedule13g.asp
Any time 10% or more is held, then the party is bound by section 16... so there's a reason it's at 9.99%, just like before at 4.99%.
The original note bound Discover to 4.99%, as well, but that requirement was lifted on the 20th.
I do expect that last billion, which is related to the note, to be diluted, and then the note is fulfilled, thus the Series C shares would inherently be cancelled. Since those Series C conversations seem like a scare tactic anyways, this makes sense and all legal, since they (BYOC and Discover, aka John Kirkland) made it that way.
As for what all this dilution is for, remains to be seen. I actually really want to know who's been the SLOW acquirer since June of last year.
Good morning,
If they're in the process of raising capital with shares, I'd say there's a reason for it with "all of a sudden" TON of volume.
I would actually say there's now a timeframe, as well. Something triggered this and all the volume, imo
There never was a gap, its based on the previous days trading range, so there can be a difference from the previous close to the next day's open with no gap if the previous days range was up to the opening pps.
http://www.stockta.com/cgi-bin/analysis.pl?symb=BYOC&cobrand=&mode=stock
Nice post War and good morning!
That's an interesting idea on that dump yesterday, anything is possible here in the OTC.
As a person who loves to think outside the box and theorize, I honestly believed on the dump concept by those who have been pumping the chit out of it. Never occurred to me that it could have been OTCX playing the game, lol
The good thing is I see a lot of buying of this so called scam(buhahaha).
Here's to the start of another interesting day!
Cheers
Wow... what a day War!
After today's volume....I believe the goal here is to get rid OTCX once and for all. There was endless amounts on the ask, which clearly wasn't retail, no f'in way. Plus retail can't create this much volume, lol.
Just like with illiad dilution(aka PAUL MM), i believe this volume also potentially means that there's a timeframe in mind.
And perhaps we'll see other new MMs on L2 like the one that showed up last week
I have other theories, hehe, but i'll keep those to myself.
And the week is still young!
https://twitter.com/IncByoc/status/1450133789535920132?s=20
TSW Expo, taking place as we speak
Should ask the S800 employees at the TSW Expo in Las Vegas, marketing thier products if thier parent company BYOC is a scam!
Check out the BYOC tweets they put out today.
I guess that's what help bring in reoccurring revenues year over year.
Ignore it!
BYOC
No gap, zero, niltch. Buhahahaha
I liked and retweeted that one myself. Awweesssoommee stuff!!
We are liking the action... reminds me of last year and earlier this year... ba bam!
Holy smokes, you outdid yourself on this post! Definitely explained the PA very well here that I've been seeing myself and I've always said, there's somebody picking up the shares and for awhile. Again, very eloquently worded...
lol on frustrating the flipper traders, I believe I know the reason for that!
Increasing volume is telling here, will see if we get that fire started soon!
Keep up the great work!
GREAT POST WAREFARE!!
I thoroughly enjoyed this post, much like the rest of your posts, cause it's the truth.
Seeming that the illiad dilution must be regulated to 10% +/- .5%, as that is what the data is yielding...I agree with you that they are artificially creating volume among themselves, institutions/ hedge funds/ etc.
So the more volume, the more shares get diluted, this is good.
Soo, This tells me there's a timeframe they are working around, that is great news in of itself.
If T trades are an indication of the illiad dilution, which I believe it is, we have roughly 15- 20 million shares to go.
As you say, they know the dilution is finite. I read the Discover lawsuit.. it's a joke and pure scare tactic. The lawsuit filing also proves Discover is the investor that gave 1 million dollars, think about that for a sec!!
Yep, very true. I bet those that have been accumulating are betting on that to.
Buhahaha
Where are these trips I have been hearing and hearing about over and over and over... where?
Yesterday?
A measly 2mil shares. Buhahaha
I want me some trips to add to my bag, lol. Just like last summer when we heard the same thing on posts lower than current pps....that this is a scam, CEO is just like all the rest, company is a share selling scam(just like all the other otc companies...blah blah blah.... and then it ran to just over 1 cent... with the run starting at .0002/.0003.
Anybody that knows otc and penny stocks that been around this space for more than 1 year SHOULD know that these stocks move in ebbs and flows and they always move together, like each taking its own turn. Anybody selling now deserves to chase soon, oh well.
Learn the ropes, as they say.