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And that's after Picasso's Friday paint job.
Remember the adjustment factors.
Take the "Mark says" revenues and divide by 5.
Then take the "expected expenses" and multiply by 3.
My modeling shows me that's a good approximation to the losses that will be reported in the financials.
3 million $.0002s and 330 million $.0001s.
Just like every other day.
Who just threw away $33k? Must have been one of the groups hoping to run this POS.
You'd think after 4 billion shares and growing they'd figure it out.
Apparently not.
26 shares traded sub-penny.
You GO Mr. Chu! Kick some Greek ass.
Too funny.
"Oh...btw...VC's like companies that have a large amount of OS"
ROFLAMO. VCs wouldn't touch PNOW with a 10 foot pole. Hence all the toxic notes and convertible preferred shares.
Retail is Melvin's only hope, and they have obviously wised up to the game and stopped playing.
Looks like there may be a large investment group stuck with shares they can't get rid of. So sad.
But wait, there's more!
"Each share of Series BB Preferred Stock shall represent .035% of the Company’s outstanding shares at any point in time in the future when converted by the holder."
O/S is 4 BILLION shares.
Each BB share converts to 1.4 million common shares
413k BB shares outstanding in on 3/31/18
Another 580 million shares of dilution
Real companies don't have to take toxic debt and screw their shareholders.
PNTV just keeps piling it on and the dilution is horrific.
Company losing money each quarter, negative cash flow, toxic notes and now the fake buying wall at $.0001.
The toxic note holders and insiders are getting desperate to find retails suckers. Don't be one of them, only to watch your holdings reverse split to nothing.
Hold strong people, don't let the company and the toxic lenders get your money!!
Actually, expenses are shown as a reduction of income, not "income".
Except in the case of PNOW when they want to show a fake "profit".
Operating expenses
Miscellaneous (178,527)
And NEGATIVE CASH FLOW (see page 26)
https://backend.otcmarkets.com/otcapi/company/financial-report/193859/content
Melvin's trying hard, but no one is falling for it. 190k shares traded at $.0001 is the only activity.
Oh those toxics!
Too funny.
Beware the fake buys put up at $.0001 by the toxics. They know retail isn't selling at $.0001 and they're trying to get them to hit the $.0002s.
Don't fall for it. The longer the toxics go without being able to dump, the further off the reverse split will be pushed.
Yup, that's the one with the "negative expenses". LOL, poor Melvin tries so hard to get retail to buy those toxic shares.
And he keeps failing.
LOL, don't fall for that "misc income" game. The company had $13k in revenue and spent over $200k to earn it.
They then wrote off monies owed to insiders that the company could never possibly pay off and called it "negative expenses" to get to show a fake profit.
Meanwhile another 300 million shares issued last quarter, a ton of toxic notes being converted and preferred shares mean the common stock is less than worthless.
I figure you're wrong.
You should take note of the fact that Rusty is one of the only people NOT listed on the form 13 filings as he's not a control person via Fairwood/Delfin.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12474264/content/html
https://backend.otcmarkets.com/otcapi/company/sec-filings/12474264/content/html
Good ole Rusty didn't even get any shares. :(
https://backend.otcmarkets.com/otcapi/company/sec-filings/12473954/content/html
That is not a public filing. No notification to shareholders required, or provided.
that is incorrect. no need for pre-annoncement of r/s.
None.
That's just wrong. Read the 144 rules. They can't sell many shares, and they won't because that's not how they raise money.
Actually no. There will be no run. Take it to the bank.
Lots of folks incorrectly believed Delfin insiders didn't have to report buys or sells. They must.
Delfin is not only restricted to not selling for 6 months, but the amount they can sell is also restricted.
Nonetheless, they must report any sales and any buys.
So Delfin is doing nothing other that holding the 70.9%.
Egan however can now sell whenever he wants without restriction or the need to report.
Toxic lenders are not restricted, other than not holding more than 4.99%, which they don't since they short sell and then cover using discounted company shares.
Sell at $.0001, buy at $.00005. Toxics will do that all day and screw retail.
They'll update just before the reverse split.
It's coming.
Let's put an end to all this incorrect speculation about Delfin not being able to do anything for 6 months, or their ability to dump all their shares after 6 months, or anything else about timing.
Bottom line: Delfin (and all their control people and execs with inside information) are restricted from trading TGLO shares, and all trades must be reported.
Here's the detail.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
No new regs. Just this year's "naked shorting" story to get folks to buy toxic shares.
Don't fall for it!
No, the SEC is saying it.
Any securities held by a control person (Delfin in TGLO's case) are restricted by definition.
That's always the way. It's why these scammers don't care.
The company has virtually no revenues. It's an excuse for doing a big reverse split.
I haven't been wrong yet.
Here's the order of events:
Company files reports to get current
Massive dumping by toxic lenders into retail
Reverse split.
Happy to help.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
Yup, with $2 trades.
Otherwise no bid and $.0001.
Readers have judged.
Lots of pumping, no takers.
"higher exchange" is code for "big reverse split coming".
Looks like the "Mr. Chu to the rescue" hopes are finally dead.
I don't see retail falling for more pump and dump on this one until after they reverse split and a new crop of buyers can be found.
Once they get current (if they do), the toxics will convert again, price will stay at no bid and eventually, larger R/S will be the only option.
No, penalties are paid to SEC, not shareholders. Nor will there be any buyback requirement.
Slap on the wrist for scammers.
This is why I warned folks to avoid such an obvious pump and dump. No upside for retail, minimal downside for scammers.
All this desperation pumping and no one falling for it.
Only thing keeping them from reverse split is that they're "dark or defunct".
I do love the stories of people shorting millions of shares at $.0001. Tying up $2,000 in collateral to make a potential $100 profit. ROLFMAO.
Don't forget, "Now that we finally got current, we'd like to announce a 1:10,000 reverse split".
You're confused by the term "issuer". Issuer has nothing to do with reporting requirements. Any "control person" of a public company, or of the majority owner of public company MUST file with the SEC.
There's a reason Talisman, Delfin, Fairwood all filed 13Ds and listed all their control persons.
Delfin insiders own no additional shares. You can take that to the bank. Even putting aside their violation of securities law for not disclosing trades in TGLO, they would most certainly be guilty of insider trading, for which there is no requirement of any specific ownership percentage.
100% agree this is a pump and dump. Looks like it's over as toxic lenders try to dump now and retail stops buying.
It's about getting rid of half a billion shares at $.0001 before they reverse split.
They are permitted to sell $75 worth of shares every 12 days. There are many ways to put shares up for sale to discourage buying (hitting the bid constantly for one) and other ways to encourage buying (not putting any shares up for sale). Those strategies do not violate the agreement.
The 4.99% limit is equal to $1.5 million worth of stock. I don't think you have to worry that they'll be hitting that restriction.
Nothing restricts them from buying shares to drive the price higher during periods when they want to sell shares and then selling those shares along with their $75k when they want to drive the price down.
This deal is a algos dream assignment.
Just look at the 13D filings. By definition, anyone who is a control person of the entity that controls TGLO is a control person of TGLO.
This Schedule 13D is being filed on behalf of Fairwood Peninsula Energy Corporation, a Delaware corporation (“ Fairwood ”), and Delfin Midstream LLC, a Delaware limited liability company and subsidiary of Fairwood (“ Delfin Midstream ”, and together with Fairwood, the “ Reporting Persons ”). The principal business of each of Fairwood and Delfin Midstream is the development and operation of oil and gas assets. The address of the principal office for each Reporting Person is 5949 Sherry Lane, Suite 950, Dallas, TX 75225.
Fairwood Welbeck Natural Resources Pte. Ltd. (“ FWNR ”) owns approximately 28% of the equity interests of Fairwood and may be deemed to control Fairwood.
Talisman Global Capital Master, L.P. (“ Talisman ”) and its affiliated entities owns approximately 29% of the equity interests of Fairwood and may be deemed to control Fairwood.
The SEC views Talisman and Delfin as TGO insiders. Egan is not.