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One morning you might wake up and realize that FUSZ is a penny stock trading on the otc with 150-200 million shares out there and can't do an IPO.
I'd imagine anyone short here already has the shares to cover. Probably just hedging their positions.
"The Reality: "Widespread Upward Manipulation It has certainly been my experience in observing the stock market that upward manipulation is much more widespread than downward manipulation. This is particularly true among thinly-capitalized stocks which are the easiest to manipulate. A recent study entitled "Stock Market Manipulation û Theory and Evidence" by Rajesh Aggarwal of the Tuck School of Business, Dartmouth College and Guojun Wu of the University of Michigan Business School (http://groups.haas.berkeley.edu/afa/UPDF/P306_Asset_Pricing.pdf ) collected "data on stock market manipulation cases pursued by the U.S. Securities and Exchange Commission from January 1990 to October 2001." One of their results: "84.51% of manipulation cases involve the inflation of stock prices while less than 1% of cases involve the deflation of stock prices. Stabilization accounts for 2%. For about 13% of cases we do not have enough information to classify the type of manipulation."
http://www.sec.gov/rules/proposed/s72303/ger010504.htm
If the mm's could manipulate the price, they would manipulate in the upward direction. Did you know that the vast majority of market manipulation is in the upward direction?
Not many people want to buy so the volume is low. MMs trying to spur buying by lowering price due to waning interest.
Looks like they promote a bunch of trash. Do any of these "future blue chip stocks" trade above a penny? I'd be embarrassed being associated with those low-lifes.
I bet this co. gets a good chunk....
https://blogs.oracle.com/marketingcloud/video-interactivity-and-personalization-for-effective-engagement
"How can you use interactivity to decide what content to send? There are many options: quizzes, hot spots, chapters, and clickable CTAs are just a few."
"One of our interactivity partners, HapYak, offers all the above interactivity options and more. In addition to our many shared customers, we use HapYak features to add interactivity to our own videos. One example? Repurposing an existing long-form video by creating chapters."
Provide one example of a publicly traded company that has done a second IPO. Below are all the examples I could find:
Sounds like you didn't get past the secretary. Or maybe you just didn't understand what the secretary told you?
So you're comparing a co. with 300k o/s with one that has 150+ million o/s? Very easy to manipulate that 300k, not so easy to do that with 150+ million as some are learning.
Sad isn't it. What does it's affiliates get? $5?
Wrong, Let's Roll is a paid tout. Read the disclaimer.
Disclaimer:
Let's Roll, its affiliated members and its management are not registered investment advisers or broker/dealers. Let's Roll, its affiliated members and its management make no recommendation that the purchase of securities of companies profiled or otherwise mentioned in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Most of the companies I cover provide compensation for profile coverage, and that can be found at the lower portion of this web page. Let's Roll, from time to time, purchase, sell or hold securities in the open market that are not necessarily affiliated with our profiled clients. Non-affiliated third party entities that compensate Let's Roll, and its affiliated members may have shares and may liquidate it, which may affect the stock price (see compensation disclosure below). The assembled information disseminated by Let's Roll, its affiliated members and its management is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. https://investorshub.advfn.com/boards/IRP.aspx?userid=74261
"Paid awareness is nearly always a means to sell shares to the public in the open market, so you should always assume if there is an awareness campaign then someone is selling shares of the company in question.
For market awareness needs or inquiries, please email me at:cabroncitairp@gmail.com "
https://investorshub.advfn.com/boards/IRP.aspx?userid=74261
Interesting.
Wow! The volume is the highest it's been in over a month. Almost $400 bucks has traded already!!
Exactly. That's why the majority of OTC issues are grossly overvalued. Experienced investors don't waste their time with these penny stocks as 99% of them fade away to nothing. The OTC is for those that believe that FUSZ is participating in some sort of IPO, those that lack "common sense".
The delusional notion that there is any IPO taking place is easily dispelled by reading and comprehending the S-1 filing. They clearly state they are applying to list their common stock on NASDAQ
"In conjunction with this offering, we intend to apply to list our Common Stock on NASDAQ. There is no assurance that our Common Stock will ever be quoted on NASDAQ. Should our Common Stock be listed on NASDAQ, in order to maintain that listing, we must satisfy minimum financial and other continued listing requirements and standards, including those regarding director independence and independent committee requirements, minimum stockholders’ equity, minimum share price, and certain corporate governance requirements. There can be no assurances that we will be able to comply with such applicable listing standards".
http://ih.advfn.com/p.php?pid=nmona&article=78074354#FORMS-1_HTM_A_02
Are you sure they even need to have a vote?
"Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws generally govern the company’s ability to declare a reverse stock split and whether shareholder approval is required.
If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q or 10-K. Depending on the particular facts, companies pursuing a reverse stock split may also be required to file a proxy statement on Schedule 14A, if shareholder approval is required, or a Schedule 13E-3, if the reverse stock split will result in the company “going private.” Corporate filings can be found on EDGAR.”
https://www.sec.gov/fast-answers/answersreversesplithtm.html
Do you think the new directors are going to get some shares?
And you're right, nothing will happen until it happens.
That could change quickly...
"Of the 15,000,000 shares of preferred stock, par value $0.001 per share, authorized in our Articles of Incorporation, all of which are undesignated. The board of directors is authorized, without further approval from our stockholders, to create one or more series of preferred stock, and to designate the rights, privileges, preferences, restrictions, and limitations of any given series of preferred stock. Accordingly, the board of directors may, without stockholder approval, issue shares of preferred stock with dividend, liquidation, conversion, voting, or other rights that could adversely affect the voting power or other rights of the holders of Common Stock. The issuance of preferred stock could have the effect of restricting dividends payable to holders of our Common Stock, diluting the voting power of our Common Stock, impairing the liquidation rights of our Common Stock, or delaying or preventing a change in control of us, all without further action by our stockholders."
http://ih.advfn.com/p.php?pid=nmona&article=78074354
Why? Plenty of OTC co.'s like FUSZ "partner" with Oracle.
Here's another one, MOXC. No big deal...
"Oracle is excited to partner with Moxian to build up its latest payment and transaction platform based on a solid IT architecture," Calvin Dang, general manager of Oracle China's south region, stated in this morning's news release. "Moxian has demonstrated its full trust in Oracle by adopting a variety of our solutions, and we look forward to our future cooperation with the company."
https://www.investorideas.com/news/2016/payment-technology/05052.asp
Yea, nothing like a penny stock rag promoting your penny stock. Never a good sign...
The ridiculous scenarios are the only way to justify the $4 s/p without the inevitable reverse split. Just think, FUSZ would have a market cap of over one billion $$ if it had a $4 s/p without a split. You might want to look at ODOO's revenues for a reality check.
Looks like they have an office in San Fran too.
From the PR,
"HOLLYWOOD and SAN FRANCISCO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- nFusz, Inc. (OTCQB: FUSZ)"
"Business Description
Odoo is located in San Francisco, California. This organization primarily operates in the Computer Related Services, nec business / industry within the Business Services sector. This organization has been operating for approximately 3 years. Odoo is estimated to generate $88,230 in annual revenues, and employs approximately 2 people at this single location."
http://www.buzzfile.com/business/Odoo-Inc-650-307-6736
How does 1+1=7? Reverse split
Reality.
Maybe, but it pretty obvious "desert" is going to be a jumbo split.
Reverse Split and new cusip!
Reverse Split
I disagree with the comments in your post. Mainly because it is only your opinion and not an actual fact. The fact is many penny stocks are owned by IE's. It's a fact.
Most of that "DD" is nothing more than propaganda. We've heard it 1000's of times and the result is a plunge from $3.00 to .50. The desperation shows...
He might of well of said MLBC passes go, collects 3 million.....
"Under the terms of the investment, MBLC will receive 10,526,315 IRON tokens, and MBLC issued 6 million shares of common stock to Robot Cache at a deemed price of $0.50 per share in exchange for $3 million worth of IRON tokens, valued at a discount to the current market price. The Company also issued various non-cashless three-year warrants at strike prices that range from $0.75 - $5.00 per share to Robot Cache. These warrants have the potential to bring MBLC up to $7 million in additional capital if exercised. In addition to the rights to the IRON tokens, MBLC secured a right of first refusal to purchase up to 3% of the equity in Robot Cache's first equity round. To date, Robot Cache has not raised outside equity capital."
https://www.nasdaq.com/press-release/millennium-blockchain-announces-3-million-investment-in-robot-cache-20180905-00367
It is an interesting dilemma. I'm sure one of the "DD" kings here can post a similar event. I can't...
"We intend to use the net proceeds from this offering for working c apital and general corporate purposes. We may also use a portion of the net proceeds from this offering to pay for all or a portion of the Acquisition"
I guess the .50's are better than the $2.50's...
"Ok...bought again at 2.66 and 2.56. That’s all I’ve got...
Get this off the OTC and trading where it belongs!!
I wanna hear people say “dang, could you imagine having bought NFUSZ back in the day?”
Yes, yes I can!!"
I think what was implied was that certain people didn't understand the difference between an uplisting and an IPO. Now that that's been settled we await the amended S-1.
Wrong.
CEO states,"our plan to uplist to the NASDAQ".
IPO talk is misleading to naive investors.
I'd stick with UPLIST, UPLIST, UPLIST, That's what the CEO calls it...
"our plan to uplist to the NASDAQ"
"Phil’s relationships, resources, and experience will provide enormous value to the company and our stockholders as we continue to execute our growth strategies, secure our industry leadership status, and execute our plan to uplist to the NASDAQ Stock Market,” continued
Mr. Cutaia."
http://ih.advfn.com/p.php?pid=nmona&article=78147051
No it isn't. You can even email IR, they should get right back to you.