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That is never gonna happen sunshine...................
from HC
It always looks cheap when you bought higher, but when it goes down even more holding is not a good strategy. You'd be better off selling and rebuying cheaper.
Hello Lbar, you do not know me but I am familiar with you and everyone on the HC board as I have paid close attention for years to the board and its ongoing discussion. I keep up with that board so that I may keep up to date with any relevant info as it is hard to come by here in America.
But, it is a biotech and that goes with the territory. When I invested in my first biotech it was prior to the internet and our info mainly (only) came from 10K's, 10Q's and yearly shareholder updates. But in biotech's that is the way things are investing in them is one of those cases throw your money in put the shares in the safe and not even think about them until 10K's etc nature of the beats but that is why the rewards are so good.
I beg to differ about your assessment about selling pressure but in the big scheme of things it's not important, we are in the homestretch now and all is as good as one can expect right now. I do not post here but I am as familiar with this stock and that pos R CAR as one can be, and some who follow that board are probably well aware of me trying to warn investors there long ago and my current short position in the stock.
I would ask that you can post something to the HC board for me to a few of the investors over there, that are in need of a good smack in the mouth, not in a mean way, in a wake up kind of way as you would want a friend to slap the shit out of you if you were being a hysterical git. I will post here again sometime in April I want to fill in people who may come looking here for info about Avita as it where to look and my feelings on the matter, but, not now as I have neither the time nor inclination, it is a busy next 8 weeks in the market with the 10K's 10Q's shortly thereafter and everything else that comes up in the market on a regular basis when being in this type of game.
I will be here and HC in spirit and am always watching and checking and remaining happy as a clam with #AVMXY do not forget my next post on this board please pass it along to HC, many thanks. Peace out.
Hey I just posted on another board, came home to take a shower had to check the boards LOL, yeah agree with what you said, will post tomorrow if I see anything relevant in the filings. Well I am going back to get a tad tipsy LOL
Daytraders just delaying the inevitable, my 2K shares short @12.40 previously posted about here shall not be covered till this thing goes under a $1 then fuck it, I will just bail not enough there to wait on and I would rather put the money to use elsewhere.
I am not even a shorter having short only 3 other stocks in 28 years of investing, but, damn, Ray Charles could have seen this was a scam.
But, as I said before this thing is headed to a .0001 ask where all scams go to die IMHO.
Peace out.
Well I wish I would have never said these or listened to my dumb ass when I posted them, "IMHO it could test .08 or even .05 tomorrow then to be healthy" always believe the charts. I had no clue about this thing, got in on a bounce play missed the exit like you bench. I missed by .02. These darn stock plays "crypto" are driven by pr's and I think this is pretty much going to be the playing field at these levels until that wallet thing pr's then the obvious suspects will come in and run it till it will run no more. I am going to add at these levels and try to get my pps as close to .05 as I can. Then just forget about it till they pr the shit out of it which we all know is inevitable. These things need volume or they wither back to their normal channels which we are in now.
I got no email back from the company yet and the person I spoke to on the phone said "soon" and that the person I could speak to was in a meeting and to call back Monday. I will call back Monday about 2 EST as they are in Colorado unless I receive an email reply sooner. I have a few other plays that are ready to take off or in the middle of it now so thats where my attention and with the end of March fast approaching my 10K plays are lighting up and as I only do those once a year so thats where I have to throw a lot of attention. I will research the financials on this thing tomorrow and post if I find anything funky I doubt it was dilution might have happened and many in it probably dropped it to run off to other runs this coming week is good for many of those and they figure they can get back in and at a lower level, but, that is speculation on my part.
Yes bench that party I am going to is gonna be nice, its kind of like a happening LOL. I am helping a MC club I am friends with load bikes and service trucks etc for their run to Daytona. After the work is all done a party shall be kicking off before the run tomorrow, they are gonna haul to Georgia then ride from there.
I always help my buddies in the biker community, some of the nicest people in the world are bikers, they are a little rough around the edges but hell so am I. And, when the chips are down for you, they are there in a minute to help no matter what, the time or the job. Ok, Peace out off to get it going
Never happen he has already said as much.
Next week should be epic.
Your guess is as good as mine.
Will do.
Good things come to those who wait......
We knew all along the good times coming soon, ping pong it for a while in the .000's then zoom. Let the trading begin
Go4itbigtime what do you have a crystal ball, I read a couple of articles last night and this AM on FBN they are pretty much saying exactly what you been preaching. That $9 or below just might be the number, and the reasons that will be the number, good call bud, I am thoroughly impressed, indeed. Good trading today all. Peace out.
Ditto, then maybe we will find out from someone just what the deal is looking forward to it, have a great weekend. Peace out.
I grabbed some more today bench, odd trading stock, I think alot of that previous action was stock pumpers just trading it over and over again. I got into this on a bounce like you, did some DD but not alot as I wasn't expecting to be in it so long.
I am gonna email or phone the company tomorrow and do some serious DD this weekend, I have a biker groups party I am going to Saturday but Sunday for sure I am gonna dig in it.
It could just be getting played with shorts, MM's never know. Been in a few other things taking up to much of my attention gotta knuckle down and do my job for a change LOL.
I took a cursory look at it it looked fine, we will see.
Peace out.
Doing good, hoping to take a ride on a few others pretty soon, we shall see. Yes there is definitely something going on, I expect there will be quite a few more posters on the board, as I try to tell them back when follow the money that's all that matters.
I am intrigued as to just what the story is here, I still am of the belief RM as I just could not find any activity for ECOB lumber anywhere and believe me I searched, computer, emails, phone calls to big time builders, lumber suppliers, big box lumber in SWest, California everywhere I could think they would be into their product to no avail .
Well we soon shall know, talk at you in the coming days my friend.
Peace out.
Good things come to those of us who wait mustangowner. How ya been, quit posting on the board trying to explain what my opinion was about the shell thing for the billion shares of volume was falling on deaf ears and quite frankly giving me a headache. Grabbed another 10 million today, me thinks the wait it soon to be over. Peace out brother.
Hey Lazarus good to see you so to speak, LOL. Yeah some pennies are like that. Well mind is all cleared up from yesterday afternoon when I posted, you ever just get a serious buzz killer piles of utter nonsense from someone that no matter how up you are emotionally it just screws you all up, that was me yesterday, thus the reply today, had no want to be online to reply, went and shot a few games of pool and had a couple cocktails. Investment wise dancing on the tables the past week and then some mental BS, oh well.
We all have those wish I would have in regards to having $SYTE @.03 but at the time there was great uncertainty in the company as the previous management just had no vision and IMHO were just happy with the status quo, they were like Nero fiddling while Rome was slowly burning around them, then to see that the current management was all they said they were and if their vision and strategy was a winner. Had to make the decision with the info you had at the time cannot look back, even though we do.
I will get some work done on the info box this weekend been very busy with some big decision making plays and a long term one that I still haven't figured out, will probably let the dust settle with the interest rates deal before I make a decision on that it is actually going to work out nothing better than having cash from selling a decent position and the sky falling all around you with many choices on where to put it, just want to make the best decision and there is time no doubt the way the market will be more than likely for the next few weeks no doubt.
Well I am off to look at my plays, love this time of year I play about 10 different earnings plays and the next 2 months is the busiest time with 10K's followed 6 weeks later by 10Q's take care.
GLTA After earnings plays shake out if you see anyone sitting on the bid for 6900 shares (I buy in 69's unless its a quick buying thing) from time to time it will be me adding to my position.
Peace out.
Also how is it the same pumpers just happen to stumble across these fake prs tweets websites etc? I didn't know, do your own DD I heard it from someone else its all BS. Like SEEK look at that amateur hour website etc IMHO someone stumbled across that 8K then hashed the plan paid some burnout tech kid to throw up a website in hours for a bag of weed they buy up the 1's cause a stir sell half at .0002 and see how far they can hype and run it then the fall and they just fade away. When I see that group, must be twenty different ones and they work different stocks never the same on any two I stay far away. Thats not a lotto ticket its a waste of time they all end up back at .0001 and they are off to the next scam, I despise those m'fers no better than common thieves. But thats just my opinion from my own observations and searching through tons of pumps and taking note of all the alias's
Man this board got busy Go4 and Pete man the market is a mass of things to look at now to throw this bread, it is a blessing maybe will spend Sunday going through many and narrow it down to a couple and see where the dust settles after the market gets done reacting to the interest rate news. Could be I get lucky and get a real deal, since its for long term I got a break with this news.
Take care all, still looking at $GE with this news it goes under the book $11 I may just have to watch it more closely, I am still not sure of the $8.60 Go4 but we shall see. Take care.
How goes it guys I check in first thing everyday and at the end after the close see if anythings been posted. SYTE doing what it should churning as it slowly builds for the long haul not an exciting stock but one you can go to sleep at night and have no worries.
Anyone going to the shareholders meeting? I just cannot bring myself to do so, I would have if it had been in NC like last year or anywhere really but Phoenix desert in the late spring is not my idea of a good time.
Looking forward to the financials, thinking they should look as we all think they should.
Hope everyone is having a great day and week, I was up until an hour ago was running like a thoroughbred and someone played with my mind a bit, got me all turned around in my head, oh well. I am going to relax on the back porch and maybe play with the labs, take care.
LOL your just being ridiculous.
Well done Pete, I guess it wasn't meant to be, it never even hit my $13 I knew it was done when I saw the PR this morning, billion dollars is only good to see when your long, not looking to become long LOL. Just find something else to do with the money, not going to stick it back into $DUK I still have 1/2 of a very long slowly built holding there that I have felt a little uneasy about for a few years.
Congrats to all holders and I hope you were able to add to your positions at the lower levels and hope it all works out with whatever they do to get the situation figured out at $GE. Gonna look at a couple other things I have had my eyes on over the next week to throw the cash I had for this into.
Peace out.
If you read the PR closely you would notice that it was just a reissue of old stale lies and nonsense. I am very sorry for you all, but, I warned as did many others a long time ago that this was a boiler room type scam.
All that CNN, Bloomsberg, Newsweek and other magazines were articles etc paid for by the promoters. It was all smoke and mirrors, the cell gun is rubbish and if it weren't it would still have been a 3-5 year process and 10's of millions of dollars away from reality for use in any market let alone one as stringent as Americas, that's why most companies stock in this sector are very low until they get those patents FDA approvals etc..
I am not a mean person and hope none think I am. I am not relishing in your misfortune by any means. If you look most all that posted on this page posted once here and never again or only a few posts here, no doubt promoters of the scam.
If you have this type of technology and it is worth billions you are not pink and you do not get the Caveat Emptor (skull and crossbones) you are fully up to date with everything, have a team of lawyers and scientists, not one man answering the phone as your only employee and a drop off mailbox as a headquarters. It was all there but no one wanted to look at it which they (promoters) hope for they pull at peoples heart strings or greed whichever does the trick for that particular investor.
Take care I hope you do not lose to much of your investment, be more careful in the future, a simple google check of the people involved, directors, officers of the company and the history of this company with fraud, fines and convictions and the bogus patent case nonsnse may have opened your eyes. Dig deep when doing due diligence do not rely on some random posters saying rah rah its gonna change the world the rest are just lying to you.
Take care and good luck in your future investing, 99% of the companies are not like this one, just find a good one that is a safe investment and put your money there as well as in others, never put your eggs in just one basket.
Peace out.
I was gonna go whole hog at $13 but with the various opinions I readjusted buy order to $11 and will be happy with that decision.
Either way its gonna be a long term hold so it won't make much difference if it goes a little under that.
If it does test under $9 I will definitely move some other things around to average down. GLA whatever it does.
WHAT IS RENOVACARE?
RenovaCare, Inc. is a biotechnology company focused on developing first-of-their-kind autologous (self-donated) stem cell therapies for the regeneration of human organs.
On January 7, 2014, RCAR filed a Certificate of Amendment to Articles of Incorporation changing their name from “Janus Resources, Inc.” (natural resources exploration company) to “RenovaCare, Inc.” so as to more fully reflect their operations. The Financial Industry Regulatory Authority (“ FINRA ”) declared the name change effective as of January 9, 2014. In conjunction with the name change, RCAR changed their stock symbol on the OTCQB from “JANI” to “RCAR”.
So as you can see, from the get go, let’s understand we are talking about a company with less that 3 years of operation in the space. Lets go in deeper into the business opportunity presented in RCAR.
A number of organs have the intrinsic ability to regenerate, a distinctive feature that varies among organisms. Organ regeneration is a process not fully yet understood. However, when its underlying mechanisms are unraveled, it holds tremendous therapeutic potential for humans.
It is important to understand that RCAR can be considered a part of “transplantation business”. The global transplantation market size was estimated at USD 23.5 billion in 2016. The chart below shows the growing demand for these services.
There will be a major financial huge windfall of investment for any company that is coming close to finding the answer to proper organ regeneration. But there in lies the problem, Renovacare isnt make any progress yet it’s stock price has risen over 700% so far as of December 2016. From a humble valuation of $52 million dollars to over $568 million today yet never generating a single dollar in revenue.
Remember, this increase comes regardless of the fact that there have been no material progress made toward their stated goals. But this hasn’t stopped the company from attempting to look like they are making progress by attaching the company’s plans to academic papers that have nothing to do with Renovacare.
Here’s an excerpt from a recent news release located here.
RenovaCare, Inc., (OTCQB: RCAR), today highlighted an analysis of treatment results from 44 patients treated for severe second-degree wide-area burn injuries, as published in Burns, the peer-reviewed Journal of the International Society for Burn Injuries. The treatment method, which involved isolating and spraying the patient’s own skin stem cells on to burn wounds, is the technology underlying the RenovaCare patented SkinGun™* and CellMist™ System*.
This is very misleading use of language that could lead to an unattentive investor pouring thousands of dollars into a company they think has more potential than really is there.
Numbers for 2017 from online resources.
Cash: $1,149,604
Total Assets: $1,314,919
Total Liabilities: $1,110,368
Revenue: $0
Research and Development: $309,503
Total Operating Expenses: $1,898,222
Net Loss: $(2,693,646)
Stockholder Deficit :$(13,745,230)
This company doesn’t even have enough to cash on hand to meet current expenses. It has yet to produce a single dollar in revenue yet it’s stock price continues to go higher.
It is a beneficiary of the manipulation of a low and locked float that will eventually be broken and a deluge of selling will occur.
Here are most interesting insights from financial statements.
We currently have one full time employee, Mr. Andrew Danielson, Director of Operations, and three part-time contractors: Mr. Thomas Bold, President and Chief Executive Officer and Interim Chief Financial Officer; Ms. Patsy Trisler, Vice-President Clinical & Regulatory Affairs; and Dr. Roger Esteban-Vives, Director of Cell Sciences.
Can any company honestly be profitable with only 1 full time employee??
ITEM 1A. RISK FACTORS
Smaller reporting companies are not required to provide the information required by this item.
Company is stating that they will use OTC protections to not disclose materially important information that could prevent you from trading the company stock.
We currently finance our activities through the sale of our equity securities and issuance of debt. There is no assurance that funding will be accessible to us at the times and in the amounts required to fund our ongoing operations.
LOCATION
We do not own any properties. Our corporate offices are located at 430 Park Avenue, Suite 702, New York, NY 10022
Why would a company this poor rent an office in the most expensive commercial real estate center in America? Or maybe they arent renting an office but.. A MAILBOX!!
MANAGEMENT
The individual who holds the top position in the company does not appear to be an American citizen and does not appear have any experience in the field outside of other shell companies that have never shown any profitability. As mentioned earlier, he’s not even a full time employee so what does it matter.
The Overvaluation Of RenovaCare Should Make Investors' Head Spin!
Feb.22.18 | About: RenovaCare, Inc. (RCAR)
Anna Vaysfeld
Short only, contrarian, research analyst, mid-cap
(18 followers)
Summary
If history is any lesson RCAR is a failure that shouldn't be expected to change..
Controlled by same majority shareholder for two decades. He was once fined by the SEC for illegal promotions.
Outrageous market capitalization as compared to its financial position.
RenovaCare, Inc. (OTC:OTCQB:RCAR), formerly Far West Gold, Inc., was incorporated in 1983. The earliest public filings that are available date back to 1999. Those financials reveal numerous and continuous unprofitable ventures spanning over two decades without generating any profitability for its shareholders'. Meanwhile the only aspect that is constant is the majority shareholder and a former executive Harmel S. Rayat.
A Lesson in RCAR's History
In 1999 RCAR was an American Alliance Corporation established in 1998 with plans to enter internet brokerage services business but did not, instead it acquired Whatsonline.com for $50,000 and entered an Internet streaming business.
Meanwhile, Hamel S. Rayat was its Chairman and a holder of 34.7 percent of the company and until 1998 was its President and Chief Executive.
At that early point in the company’s history this is how it described itself:
“The Company is a development stage company, as defined in Financial Accounting Standards Board No. 7. The Company is devoting substantially all of its present efforts in securing and establishing its business, and although its planned operations have commenced there have been no significant revenues derived therefrom”
So zero revenue, needs cash.
Next venture.
By year 2000, Whatsonline.com to which RCAR changed its name in 1999 was in the same condition as before, mainly,
“The Company did not generate revenues for the year ended December 31, 1999” and,
“Due to the "startup" nature of the Company's businesses, the Company expects to incur losses as it expands. The Company expects to raise additional funds through private or public equity investment in order to expand the range and scope of its business operations. The Company will seek access to private or public equity but there is no assurance that such additional funds will be available for the Company to finance its operations on acceptable terms, if at all”
Same year the board approved changing RCAR’s name from Whatsonline.com to Entheos Technologies, Inc. and sell its online assets.
At the time Entheos Technologies, Inc. was in business as an Application Service Provider (ASP) that developed real time, high volume outsourced email services through its wholly owned subsidiary Email Solutions, Inc.
According to annual report dated 3/30/2001 the new venture had only one revenue generating client, EquityAlert.com.
“Dependence on One Customer: In 2000, 100% of our total ASP revenues were generated from services provided to EquityAlert.com. The Company and EquityAlert.com have a common Director and majority shareholder. Our business, results of operations and financial condition could be materially adversely affected by the loss of this one customer, and such a loss could be concentrated in a single quarter. Further, if we do not continue to attract other customers, our business, results of operations and financial condition could be materially adversely affected.”
SEC commission in 2003 have issued a cease-and-desist proceedings against Entheos only client: EquityAlert.com and its Director and Chairman Harmel S. Rayat. EquityAlert.com, Inc., Innotech Corporation, Bhupinder S. Mann, Harmel S. Rayat, T&G
That was not the first time EquityAlert.com and Harmel S. Rayat were on SEC list, in 2000 the entity and Mr. Rayat were fined $20,000 for not disclosing payments for distribution of paid promotional matterial.
Entheos Technology operated for about ten years, (company states that it was operating from 2002 to 2008 but financials filed from 2000 to 2010) and keeping up with its predecessors did not generated any significant revenues or profits.
“ From 2002 until September 2008, through our wholly-owned subsidiary Email Solutions, Inc., we served as an Application Service Provider (“ASP”) providing outsourced email and search engine optimization services. Due to the limited success of our ASP business, management decided that it was in the best interest of our stockholders to abandon the Application Service Provider business and focus on identifying undervalued oil and gas opportunities for acquisition, development and exploration. The assets and liabilities, the results of operations and cash flows related to the ASP business were not classified as discontinued operations as the amounts were not significant. Email Solutions, Inc. was dissolved during 2008. “
Again, changing nature of its business and name, RCAR ventured into oil and natural gas business.
And again, Mr. Rayat was in control of it through a private corporation 1420525 Alberta Ltd., based in Vancouver, BC.
Still in control but no longer as an executive, he resigned in 2008, but as a majority shareholder of Entheos owning fifty-two percent.
From 2011 to 2014, RCAR was Janus Resources, Inc., an oil and gas developer with zero revenue and no profit, depending on capital raises to stay afloat. By the time Janus started to get out of exploring oil and gas business, their assets were worthless, and the company gave it away receiving only $3000 for it.
“ We entered into an Assignment Agreement with Leexus Oil LLC, the wells operator, whereby we assigned our right, title and interest in the oil, gas and mineral leases and the oil and gas wells. Payment for the assignment was the assumption of all outstanding liabilities and assumption of all future payments for any and all work performed on the wells. On February 19, 2013, we completed the sale of our working interest in the Cooke #6 well. We entered into an Assignment Agreement with Millennium Petro-Physics, the well operator, whereby we assigned our right, title and interest in the oil, gas and mineral leases and the oil and gas wells. Payment for the assignment was $3,000 cash.”
From here on the company became what we now know of as RCAR after its acquisition of TheCellMist System for $400,000.
Here is what the company had to say about its liquidity right before it went from Janus Resource to the current RenoveCare, Inc.;
“We currently finance our activities primarily by the private placement of our equity securities. There is no assurance that equity funding will be accessible to us at the times and in the amounts required to fund our ongoing operations. There are many conditions beyond our control which have a direct bearing on the level of investor interest in the purchase of our securities. We do not have any agreements or understandings with any person as to additional financing.”
Somewhere in between 2010 and 2012, Kalen Capital Corporation emerged as a new majority owner of Janus Resources, Inc. whose owner was Mr. Harmel Rayat, a holder of 63.9 percent.
And here is what today’s RCAR has to say about its business prospects, while Mr. Harmel Rayat and Kalen Capital holds 66.06 percent of its shares.
“The Company's ability to fund the development of its cellular therapies will depend on the amount and timing of cash receipts from future financing activities”
“However, the Company has experienced and continues to experience negative cash flows from operations, as well as an ongoing requirement for substantial additional capital investment. The Company expects that it will need to raise additional capital to accomplish its business plan. The Company expects to seek to obtain additional funding through the sale of its securities.”
In my opinion the valuation of RCAR is zero. The valuation is based on current asset values, as due to the lack of profitability in the last two decades it is impossible to value it in any other way.
RCAR generate no revenue thus revenue per share is zero. Working capital per share, a measure of liquidity, is also zero. With book value per share as a zero as well.
See you Monday, you will never in your wildest dreams get near me having to cover, but well done trading today. Still money for you to make no doubt, you have at least a week of playing with this thing as it does the inevitable, but, I am gonna sleep like a baby, this was my unicorn short and I am right as rain with this one. Have a great weekend guys, Peace out.
The Overvaluation Of RenovaCare Should Make Investors' Head Spin!
Feb.22.18 | About: RenovaCare, Inc. (RCAR)
Anna Vaysfeld
Short only, contrarian, research analyst, mid-cap
(18 followers)
Summary
If history is any lesson RCAR is a failure that shouldn't be expected to change..
Controlled by same majority shareholder for two decades. He was once fined by the SEC for illegal promotions.
Outrageous market capitalization as compared to its financial position.
RenovaCare, Inc. (OTC:OTCQB:RCAR), formerly Far West Gold, Inc., was incorporated in 1983. The earliest public filings that are available date back to 1999. Those financials reveal numerous and continuous unprofitable ventures spanning over two decades without generating any profitability for its shareholders'. Meanwhile the only aspect that is constant is the majority shareholder and a former executive Harmel S. Rayat.
A Lesson in RCAR's History
In 1999 RCAR was an American Alliance Corporation established in 1998 with plans to enter internet brokerage services business but did not, instead it acquired Whatsonline.com for $50,000 and entered an Internet streaming business.
Meanwhile, Hamel S. Rayat was its Chairman and a holder of 34.7 percent of the company and until 1998 was its President and Chief Executive.
At that early point in the company’s history this is how it described itself:
“The Company is a development stage company, as defined in Financial Accounting Standards Board No. 7. The Company is devoting substantially all of its present efforts in securing and establishing its business, and although its planned operations have commenced there have been no significant revenues derived therefrom”
So zero revenue, needs cash.
Next venture.
By year 2000, Whatsonline.com to which RCAR changed its name in 1999 was in the same condition as before, mainly,
“The Company did not generate revenues for the year ended December 31, 1999” and,
“Due to the "startup" nature of the Company's businesses, the Company expects to incur losses as it expands. The Company expects to raise additional funds through private or public equity investment in order to expand the range and scope of its business operations. The Company will seek access to private or public equity but there is no assurance that such additional funds will be available for the Company to finance its operations on acceptable terms, if at all”
Same year the board approved changing RCAR’s name from Whatsonline.com to Entheos Technologies, Inc. and sell its online assets.
At the time Entheos Technologies, Inc. was in business as an Application Service Provider (ASP) that developed real time, high volume outsourced email services through its wholly owned subsidiary Email Solutions, Inc.
According to annual report dated 3/30/2001 the new venture had only one revenue generating client, EquityAlert.com.
“Dependence on One Customer: In 2000, 100% of our total ASP revenues were generated from services provided to EquityAlert.com. The Company and EquityAlert.com have a common Director and majority shareholder. Our business, results of operations and financial condition could be materially adversely affected by the loss of this one customer, and such a loss could be concentrated in a single quarter. Further, if we do not continue to attract other customers, our business, results of operations and financial condition could be materially adversely affected.”
SEC commission in 2003 have issued a cease-and-desist proceedings against Entheos only client: EquityAlert.com and its Director and Chairman Harmel S. Rayat. EquityAlert.com, Inc., Innotech Corporation, Bhupinder S. Mann, Harmel S. Rayat, T&G
That was not the first time EquityAlert.com and Harmel S. Rayat were on SEC list, in 2000 the entity and Mr. Rayat were fined $20,000 for not disclosing payments for distribution of paid promotional matterial.
Entheos Technology operated for about ten years, (company states that it was operating from 2002 to 2008 but financials filed from 2000 to 2010) and keeping up with its predecessors did not generated any significant revenues or profits.
“ From 2002 until September 2008, through our wholly-owned subsidiary Email Solutions, Inc., we served as an Application Service Provider (“ASP”) providing outsourced email and search engine optimization services. Due to the limited success of our ASP business, management decided that it was in the best interest of our stockholders to abandon the Application Service Provider business and focus on identifying undervalued oil and gas opportunities for acquisition, development and exploration. The assets and liabilities, the results of operations and cash flows related to the ASP business were not classified as discontinued operations as the amounts were not significant. Email Solutions, Inc. was dissolved during 2008. “
Again, changing nature of its business and name, RCAR ventured into oil and natural gas business.
And again, Mr. Rayat was in control of it through a private corporation 1420525 Alberta Ltd., based in Vancouver, BC.
Still in control but no longer as an executive, he resigned in 2008, but as a majority shareholder of Entheos owning fifty-two percent.
From 2011 to 2014, RCAR was Janus Resources, Inc., an oil and gas developer with zero revenue and no profit, depending on capital raises to stay afloat. By the time Janus started to get out of exploring oil and gas business, their assets were worthless, and the company gave it away receiving only $3000 for it.
“ We entered into an Assignment Agreement with Leexus Oil LLC, the wells operator, whereby we assigned our right, title and interest in the oil, gas and mineral leases and the oil and gas wells. Payment for the assignment was the assumption of all outstanding liabilities and assumption of all future payments for any and all work performed on the wells. On February 19, 2013, we completed the sale of our working interest in the Cooke #6 well. We entered into an Assignment Agreement with Millennium Petro-Physics, the well operator, whereby we assigned our right, title and interest in the oil, gas and mineral leases and the oil and gas wells. Payment for the assignment was $3,000 cash.”
From here on the company became what we now know of as RCAR after its acquisition of TheCellMist System for $400,000.
Here is what the company had to say about its liquidity right before it went from Janus Resource to the current RenoveCare, Inc.;
“We currently finance our activities primarily by the private placement of our equity securities. There is no assurance that equity funding will be accessible to us at the times and in the amounts required to fund our ongoing operations. There are many conditions beyond our control which have a direct bearing on the level of investor interest in the purchase of our securities. We do not have any agreements or understandings with any person as to additional financing.”
Somewhere in between 2010 and 2012, Kalen Capital Corporation emerged as a new majority owner of Janus Resources, Inc. whose owner was Mr. Harmel Rayat, a holder of 63.9 percent.
And here is what today’s RCAR has to say about its business prospects, while Mr. Harmel Rayat and Kalen Capital holds 66.06 percent of its shares.
“The Company's ability to fund the development of its cellular therapies will depend on the amount and timing of cash receipts from future financing activities”
“However, the Company has experienced and continues to experience negative cash flows from operations, as well as an ongoing requirement for substantial additional capital investment. The Company expects that it will need to raise additional capital to accomplish its business plan. The Company expects to seek to obtain additional funding through the sale of its securities.”
In my opinion the valuation of RCAR is zero. The valuation is based on current asset values, as due to the lack of profitability in the last two decades it is impossible to value it in any other way.
RCAR generate no revenue thus revenue per share is zero. Working capital per share, a measure of liquidity, is also zero. With book value per share as a zero as well.
Well done I told you I knew you would make a good play and make money. I just knew I was safe, to much money to get to where it would even make me think twice, well done, you may get out in the 9's nice trade.
I got lucky, I made a hit on a penny and knew about this POS already and saw the move up Wednesday and even though I rarely short stocks I knew everything about this and decided to short it with the profits. I was gonna short it at $11 and darn if the thing didn't climb past $12. I was worried a little but it stopped at $12.80 or so I can't remember and pop goes the weasel.
And the best thing about this was it had no product that even if it was viable was 3-5 years out if they tried to get it approved and where was the money to come from they had none.
Twitter was blowing up how it was gonna crash what a shame and even normal momentum players like myself were saying they were not even going to play it anymore. It was like taking candy from a baby. Nothing there it had its moment in the sun and I got lucky, plain and simple. And to keep trying to hype it higher is ludicrous, I mean really, game over. Peace out.
Sometimes when someone is shot and you tell them they are dying they just don't want to believe it, they really actually believe all that tripe. PT Barnum said a sucker born every day, come on momentum try and knock me off my perch up here at $12.40
I am going out for steak tonight. tee _ucking hee
That was proven as a fake, sorry Charlie. Never was a court case the supposed plaintiffs released a PR in Australia saying they knew nothing about it.
Houston we have a problem. Meanwhile Scotty is in the engine room telling Captain Kirk "I'm giving you everything I can get out of her, but the bidders are not following the ask slappers" Oh dear. Whatever shall we do.
Telling you this was a once in a year short everything was perfect for it, your pushing a huge rock up that hill. $10 will not even make me light a cigarette let alone help push this pig anywhere. $13.40 will make me take notice, and that is NEVER gonna happen.
You think I am alone up here, sheeeeeeeet I bet not. Good luck getting through all those retail sellers with their fingers on the trigger wanting to just get even after that morning scare. Chit be frightening. tee heee heee heee heee
This pig has to hit $13.40 before I even start to get nervous.
Not with hyped up stuff like this, pushed to hard to high to fast with absolutely nothing to hold it there.
And now they have who knows how many boiler room retail investors biting their collective fingernails hoping it pops high enough for them to bail, with a little bit of skin left. Strong headwinds ahead bro, but gl to you I am sure you will make a decent trade and make some dough, but, I am as safe as a baby in its mothers arms on this one.
They have nothing and no future except .0001 that my friend is just to easy, shorts like this only come down the pike once in a blue moon and I got lucky enough to catch this one just right with some excess cash I got lucky and made on a penny this week so this play is with the $$$ from 50K free shares and I am loving life, Every dog gets a warm part of the sidewalk every once in a while. See you in the funny papers.
Shorted yesterday @12.40 not gonna cover until it hits the pennies. Thanks anyway, this one was to easy.
Knock yourself out. With this POS that rule does not apply.
Hits $6 and it will be a free fall like a lead balloon. Then just make sure the last one out turns off the lights before they leave the party will be over.
Below $7 is more like it this thing is headed for .000 jungle IMO