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Made good $ here... .02 to close to .50, can't ask for more than that lol
Yes obviously..still a few lingering convertibles left IMO. Will have clearer picture on what's left once the 10-K hits
Not sure how that's possible when I have close to a million shares in bids scattered in .005s, lol
They had 1.6M Friday, I expect same or less today
Yup, added a bit here
No dip unless there is further dilution IMO. Float here is too small
Don't even waste your time with him, lol
Agreed, however..1 good PR changes that problem
Float getting wound up..same 2-3M shares getting traded back and forth since .0065 break IMO.
Management holds 30M of it, so tradeable float is more like 30M.
Some will take the 20% gain and miss the 100-500% one . Either way works, personally I always lock a little in and let the rest ride.
With BMAK gone, there's no way to get cheap shares unless some retail is foolish enough to sell a stock with a 30M float and no further dilution into low bids. Last call under .015
Doesn't matter if it's never used.
"The Company has no current plans, commitments or arrangements to issue additional shares of Common Stock, other than in contemplation of already existing obligations to do so."
AmbiCom Retires Convertible Debt Vehicle
MILPITAS, CA--(Marketwired - Oct 8, 2015) - AmbiCom Holdings, Inc. (OTCQB: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers has retired a convertible debt vehicle ahead of schedule.
On October 7th, Ambicom retired a note from KBM Worldwide/Vis Vires Group, by paying all principal and accumulated interest. The note amount was $90,000.
"By paying off this note we were able to remove the dilutive effect of the conversion to shares," stated Ambicom Chief Executive Officer John Hwang. "We are seeing strong demand for our products and that allows us to execute on business decisions like this one that is in the best interests of our shareholders."
About Veloxum Performance Tuning Software
Veloxum actively and continuously optimizes physical and virtual infrastructure by optimizing operating system and application settings. It leverages the existing systems and infrastructure by tuning the various components within their manufacturer supported settings. The solution enables IT organizations to maximize performance, increase workload density, and minimize virtualization costs, ultimately spending less on the physical infrastructure, thus dramatically reducing CAPEX and OPEX expenditure.
Customers such as Watermark Industries, Baron Funds, Colgate Palmolive, Integrated Axis, Deutsche Bank, the United States Department of Energy, and Maimonides Medical Center are enjoying significant cost savings with Veloxum. Veloxum was founded in September, 2007 and was awarded the Gartner "Cool Vendor" award in 2012 in the category of infrastructure management.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and was a leading designer and developer of innovative wireless hardware more than one million devices sold worldwide. Now it is focusing on tuning software products optimizing complex IT environments, servers, and personal computers. AmbiCom believes there are unique opportunities as a result of the sheer size of the IT, server, and PC marketplace and the Company's innovative approach and exemplary customer services. For more information, visit www.ambicom.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contacts
J.J. Hwang
AmbiCom Holdings Inc.
(408) 321-0822 x301
jj@ambicom.com
Tom Nelson
TEN Associates LLC
(480) 326-8577
Roughly 30M float and company just paid off the only convertible note. Estimating about 5M added to float since last update on August 4th, based on Market Participant volume report on FINRA.
Share Structure
Outstanding: 55,999,118 as of August 4, 2015
Float: 25,486,181 as of August 4, 2015
Authorized: 700,000,000 as of October 7, 2015
Par Value: 0.008
Yes that was their paper backfill. Easy shares should be gone now, I'll be loading any dips
BMAK done
Next round starts when BMAK runs out of shares
Gotta chew through latest dilution round then it will tighten up
Added nice size at .0102, thanks for the panic shares
Wowza...
Not even close to fully diluted yet, 100M+ could still be converted and dumped, add up daily volume for the last year, float nowhere close to 300M yet.
Float probably 30M if you count/add typical dilutive MM volume for Sept (~+5M)
VNDM Vandham Securities Corp. 3,837,442
BMAK BMA SECURITIES, LLC 1,776,200
BKRT Buckman, Buckman & Reid, Inc. 800,000
FINRA stats out for Sept..
VFIN Vfinance Investments, Inc 950,000
MAXM Maxim Group LLC 233,476
So at least 1.2 of those 3M restricted chewed through, plus August vol
Took a starter at .007, seems low risk as long as no dilution with the current float
My order was was at .006, so it rightfully superseded yours, but it printed and filled at .005.
Scare scare scare..shake shake shake
Yup the 6 shakes continue Won't take much to get into .007s and then chart is breakout mode again
I'm not stupid enough to hold into matured convertible notes
Pure POS Scam through and through, warned you all at .01
It is interesting the latest financing round was done at .001/share, so a flip from .0006 to .0009 *might* be possible at some point...
Strange because I had the order in for .006, but I'm not going argue over a 20% discount...guess they wanted the .005 paint to try and trigger stop loss orders...didnt work
Got 75K@.005 lmao...
Not likely with Reverse Split looming in the next 40 or so days...but who knows
Getting close
Got a nice bite of .0006s
Chomp chomp, float still getting churned higher and higher
Nibbles continue, bid slowly increasing..something brewing IMO
Chomp chomp
Keep the pump going, sold another 5000 at .225 from .06, 5000 left
Still holding 10K from .06..figured they would pump it up on low float eventually while everyone's shares were still untradeable. Will probably try and dump em in .20s today for 300%