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I'm pretty sure that's what it would be comparing it with other CPAP device approvals. I search the 510k database with the code BZD every evening...lol
Probably so...it just does not look good to have it linked from the new website after the correspondence response said they wanted it taken down.
The fundable site is linked from the new website under investors tab then click the company profile button.
I saw that too. I also couldn't find a pma...thought deltawave would be a class 2 device anyway. Also can't make sense of the fundable stuff in the correspondence letters. The response said they have requested the page be taken down..but they still link to it from the new remsleep website.
My bad.
Sure thing.GL
Today's 8-k
The Company’s three 12% $55,0000 convertible promissory notes issued by the Company on October 4, 2019 remain outstanding and due on July 4, 2020, if not paid or converted into common stock prior the maturity date in accordance with their terms.
Looks like early conversion is possible IMO
I remember the terms of the last notes saying the holders could not hold more than 4.99% of the OS at the time. I'm not sure how many notes were open at the time..but if it was 4 notes that would only be approx 24 million shares..been way more traded than that through CDEL (who has been hiding lots) for the last few days. L2 action has been erratic with numerous trades between B&A and below bid...six decimal trades..etc .Just trying to figure out what is going on here...... GLTA
So you honestly don't think the trading for the last few days could not possibly be conversion of notes? Unless they got a different deal this time, the holders might be able to convert at any time..IMO
PR Stated:
The Company also wants to notify stockholders that it does not currently have any social media accounts but is in the process of establishing an official Twitter page. The Company will issue a press release with the name of its Twitter page once it has been established.
I have not seen a press release...
Strange trading for the last few days. CDEL as the AX for about 95% of the time ..with hidden lots and numerous trades between bid and ask. SMH
Yippee!!
That is hard to determine with CD's because the lower the price goes..the more shares they get.
I honestly don't know if the company realized how bad those notes would be. I only know I bought in when the float was 4-6 million and that is not the case anymore. Seems there is no way to check if the 510k has been applied for..and after reading through old filings..it appears they did a 1 for 20 RS when the os was only 63 million back in 2017..that worries me. I hope that .06 offering is not being planned on after a RS because nobody is gonna buy them for that price right now. That could change in a second with good news..but as of now, .06 is not a bargain. I'm just starting to get a little anxious...heck, I have not seen any form 4's..but the Q filings say they have shares..great product but would love to see some better transparency. Folks are so used to getting bit (me included) in the OTC that there is not much tolerance for anything that has the appearance of deception ..regardless of whether it's intentional or not..IMO
Hopefully so..but when the filings came out, there was some confusion about the terms. It seemed to allow the holders to convert at any time instead of at 6 months or at maturity (they also got a 55% discount if memory serves). We never got any clarification about it. I just hope they have not taken out new notes...we did not get 8-k's when they took out the others..only found out about them in the quarterly's. I wish the company success...but I would like to know what's going on..LOL
Did they take on new notes? Thought the old ones would be finished by now...
Watching lvl2 for the last few days, I also agree that the notes are not done yet..IMO. This has been a problem for almost a year..
LOL...let's hope so
Yes but the terms of the notes allow them to convert at any time...maturity dates do not matter (according to the 10Q) at a steep discount. The average price conversions are new here.. so it could be new notes or something else.
According to OTC Markets...unrestricted shares have doubled in the last month...66,542,266...OS is now 121,471,812. It was 4 million when I first bought some less than a year ago.
I don't seem to be able to find any form-4's are they required to file one?
CD note holders diluting. IMO
Maybe this will cause the CN holders to up their sell price and quit crushing us. Looks like they are backing off a little...fingers crossed
These conversions are relentless, guess they will be getting .007-.008 shares for another good while...PR next week will make them 5-6 times their money... rinse & repeat. We need something that will bring in sustained volume..IMO
I hear ya.. me too!
Totally agree, Great setup and the dilution numbers have not been huge..but the percentage of dilution has been pretty bad.. equivalent to a 250mil os stock increasing to about a billion in the amount of time I've held...volume is our problem.
Great product. But IMO our problem has been dilution and low volume for quite some time..when we do get some volume dilution picks up...getting very frustrating.
Yes..four days is right for the 8-k...but 2 days for a form 4 and 10 days for a form 3.. Would be nice if the remaining converts have been restricted..or if this is being done for an uplist or money for marketing. It would be nice to know what's up though. Getting close IMO
OTC markets are showing above 66 million OS as of 7-5 is this a mistake?..most all are restricted but what are the terms...I have not seen a form 4 or 3 ..would one not be required ? The market cap given is not correct for that number of shares..I'm confused..lol
I agree...my estimate was around 25 mil. This is a ground floor level for a great product. But I do not like the lack of transparency concerning the OS. Volume will cure all here..right now there is not enough to make up for the notes..IMO I just hope as the "look back" period is getting farther away from the .0055 price, that the stock does not get taken back down so that note holders can get cheap shares for another 20-30 days..
That would be 4.9% max of the OS every time they convert...it could be done daily and there are multiple notes..I did the math on it and it is upwards of 40 million At a discount price of .0055. I have high hopes for this company...that's why I still hold a position..but that is exactly why we are at this price at the moment..IMO
It's also concerning to me that the stock is no longer ta verified on otc markets...almost exactly on the very day the os should be updated there...Great product, but I think the financing and/stock side could be better managed IMO
Ted..that is my biggest question too. I think this is a great company/business model but the notes terms are pretty bad..IMO of course. We are at the complete mercy of how many shares they want to convert up to 4.99% a day for each holder I assume. IF they let it breathe it's no big deal. We just don't know. The look back period is the most concerning to me. If I understand it correctly, the holders can get approximately 500k a day at a price of .0055 right now, and sell them right into the market at .07 or whatever the trading price is...huge profits. Even if the stock goes to $25.00 in the next few weeks they would still get them at .0055..That causes a lack of concern of what it will do to the stock price. At a price of .0055, all the notes would equal to 41,980,908 added to the OS...it might not happen but it is possible. IMO
Another 100k in CNs but not gonna argue...lol
Hopefully
Called a convertible..IMO
News!!
Yeah that got me too till I re-read it the other day. I'll be more careful from now on. Looks like they might be getting 4.99% of the os at 50% cut rate...selling at bid...running the price down..doing it again in a few days. This could be tens of millions of shares if it does not stop. I really REALLY hope there is not a delay on the product launch. This is the last stock I will ever buy with any CN's on it period. Still the stock is holding up good with this amount of dilution IMO. Just makes it go from a long term hold to a short one for me...
Wow...unreal.....
If the whole 80k worth was converted at an average of .02 then that would be 4 million shares. There is a discount below the retail trading price that applies too. It looks like it has to be getting close to being done to me also. We just won't know until we get some filings. When there is a large sell, there always seems to be a buyer...makes me wonder if the company might be buying at bid to retire the shares later...because the price has held up extremely good considering the conversions. Plus if they are wanting to go to the BB listing, it requires a bid price of .01.. Looking forward to good things around the corner with this one..