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NFDI and friends love CMGO. Good to see OTC groups and leadership supporting CMGO!!!
Hey!!! How's it going?! As you know, I've been following CMGO for a long time and am now convinced this is where one should park some money and watch it grow. Anything under 005 if they come, grab 'em and hold on to them. Shares are pretty tight here.
Good seeing you, N. Watching the market with one eye open--a bit busy these days.
I'll give you a ring when I get a breather.
Can't agree more. Glenn is the hardest working CEO in all of OTC, IMHO. If you ever met him in person, you'd know there is no bullshit in his game. Really excited for $CMGO, Glenn and long time shareholders.
GO $CMGO
Big Cheds in the house, LOL :D
You got the wrong Moon there,PP. Ha~~
Liking $BLUU, looks like end of convertibles and this one will rip soon.
A shout out to all friends as well.
GO $BLUU
There is no "discount" or a 50% discount factored in as you've opined. If anything, interest at a WACC common to this tier is being applied. HOWEVER, the fixed conversion price achieves what the Company PR'd and that is the fact that the agreement absorbs the impact of other conversions.
Try following the thread.
Fixed conversion at 0,002 absorbs the impact of conversions. Let me explain this one more time for all. If you look at the par value of the common stock of $PVSP, you'd see that it is $0.00001.
FCC agreeing to convert at 0,002, subject to 9,99% ownership rule means two things:
1) 0,002 conversion is the equivalent of a 200 bagger if FCC were to convert at par 0,00001 and not 0,002. A 0,002 conversion has the affect of capitalizing the company or adding ~$140,000 to shareholder equity. There is no accretion charge for this transaction.
2) Since FCC is already a beneficial owner of more than 10%, this note cannot convert.
Objectively looking at the transaction and the statement of the PR, it indeed "absorbs" the impact of other conversions.
$BMIX - 10Q in a nutshell
Balance Sheet: Upside down, convertible and derivatives over $1.2 million = expect dilution and lots of it.
Insufficient revenues = insufficient cash flow.
Mining in general, PP, is a very capital intensive business. No matter how much "resources" a mini OTC mining company claims to have, it requires tremendous $$ to turn those resources into reserves. Resources and Reserves are two very different things which peeps often confuse.
"Trade them, don't marry them" seems to befit this one as well.
100%. This could open up SEC liability to the auditor who resigned. 10Ks are audited for a reason, and if management relied on the audit opinion of the auditor who has to adhere to strict standards to mark derivatives to fair value but failed, and VPOR released statements regarding "CD free by xy date" the onus falls on the auditor not the issuer in this case.
This is why auditors charge big $$ for 10K audits.
$ONCI -- look for red to green close. News pending this week.
BKRT marked out at 0012 and L2 clean as a whistle now.
Watch and see!
Don't get jiggy on the sell button or you will leave $$ on the table.
It's coming here to $VPOR.
My SWAG on VPOR's 10Q which is expected no later than Wednesday, the 20th will show a few milestones:
1) Revenues in $1.8 million to $2.5 million for the quarter
2) GP in the 48% range
3) GSA will look a bit weak in view of settling convertible debt BUT;
4) Convertible debt for 1Q ended should see about $300K remaining if I'm being conservative AND subsequent reporting within the Q should show that VPOR had eliminated additional convertible debt post the quarter in report.
What this means, folks is: VPOR will be CD DEBT FREE soon.
Any idea what kind of rally "debt free" has?
Good luck.
A lil busy still but visiting today, love.
This thing will rocket soon--it's gonna be count da big money on $VPOR SOON.
Watch L2, pay attention to filings...VPOR CD debt free in about 3 weeks.
Get with H Papi...
We loading $PVSP and $VPOR, btw.
PP, did you get our $DRNK call?
I am very limited in time but you know who in NFD Group to contact. Please continue to network and let's bring great plays.
$Pistol Pete$ is the best board of all of the HUB, hands down!
You back yet, bro?
Relative volume to price action still needs work on this one but I like this one. NFD loves this one.
$HJOE was good. Did you get in our $DALT call last week?
We are on $VPOR and $PVSP.
I'm spending time on this board when I can so check it out. Good team here.
Time to load $VPOR is NOW.
$PVSP and $VPOR -- BIGLY COMING. Check L2 and filings.
Yes. The reason I think 1 B shares held by FCC will move over to Preferred is the wording of the PR, that the remaining note holders will convert without affecting (impacting) the O/S. Whether the word "impact" means "no change" or "no negative change as in increase" this requires a reduction in O/S. To achieve this, FCC can absorb all the shares in the open market and turn them in along with their existing holdings and/or turn in the 1 billion in exchange for preferred stock or other considerations.
Another thing we can observe is the 9,99% ownership threshold pertaining to FCC. FCC is already a beneficial owner of more than 9.99% therefore, the new note for $140K even with a fixed conversion price of 0,002 would not convert in 6 months because doing so would be a breach of the agreement. Hence, no dilution should be expected from settlement of this particular note.
I think news is near, yes.
The PR is VERY clear. FCC is NOT selling 1B shares. If anything, they might turn in their 1 Billion shares, cancel them out and take preferred stock. If commons reduced by 1B, the rest of the noteholders can convert without negatively impacting the O/S. Again, FCC's fixed conversion at 0,002 absorbs much of the negative impact to the P/L and S/S and that is what the PR means.
Try buying in on Monday.
$PVSP now has funds to close one or more acquisitions. But having funds is not enough. Acquisition deals are usually structured one part in debt and one part in equity. In this tier, it is common to do an all equity deal because most do not have cash to do a debt and equity deal.
What this means is that the capital and debt structure of PVSP matters for those joining here shortly. This is why the agreement with FCC is important--it improves shareholder equity and could also reduce O/S while other CD holders convert and eliminate toxic debt. It has to be done this way, otherwise it makes no sense for new companies to join $PVSP.
This is a process but I'm convinced $PVSP is taking the right steps to clean up their books for acquisitions.
If we see a debt agreement with newly acquired company/ies, we can also believe that those companies are revenue generating enough to meet the terms of acquisition which is to settle debt over a period of time. This requires positive cash flow.
$PVSP -- WATCH THIS ONE.
$PVSP MASSIVE NEWS EXPLAINED ---> READ and LEARN
My best to you on $PVSP, my friend "photo4u" !!!!
Bringing an army of peeps here shortly. Hang tight.
There definitely is something BIG cooking behind the scenes. Even with $PVSP's S/S, a lender is willing to lock in at 0,002 and further agreeing to the 9,99% threshold.
I am a buyer this week. If a guy giving $150K thinks 0,002 p/s is a good deal, 0,0014 gives me the opportunity to frontload him. LOL.
Some big $$ L2 action coming to $PVSP.
Watch for it!
Best to you MOMO and all on the train already. I smell $$.
SIGNIFICANCE OF TODAY'S 8-K, $PVSP: READ AND READ
I've been asked to review the 8-K and to comment on the significance of the fixed conversion at 0,002 and what it means. Kindly note the following:
1. Whenever a lender agrees to a fixed conversion vs a variable conversion at a considerable discount to market with the standard look back period of 10-15 days, it shows confidence on the part of lender that he/she will make big $$ even with a 0,002 conversion. 144 lenders have to execute a non-disclosure agreement (NDA) in order to receive a private placement memorandum that outlines an issuer's "game plan" short and mid term. Weaker the plan, greater the discount % to market and longer the look back period prior to conversion. This is how risks are hedged in OTCland;
2. Contrary to some opinions, 0,002 is not the floor but a fixed conversion price. If we were to adjust this figure to the prevailing lending practice in this OTC/piggy tier, we do the following calculation:
Avg discount for issuers in this tier: 50% to market
Fixed conversion price: 0,002 per share
Then we take 0,002 and divide by .5 which yields 0,004 per share. This simply means that the lender is supporting a fixed conversion with the belief that the true valuation of $PVSP 6 months from today is at least 0,004 per share and that a conversion of 0,002 would yield at least a gain of 100% (0,004) but potentially +500% based on the business plan they've received/reviewed prior to entering the reported convertible note agreement.
A simple conclusion and question then arises:
If a lender giving $150K saw 0,004 as a basis and locked himself in at 0,002...is 0,0014 a good buy in entry?
You decide.
That is correct--the stock is still under heavy accumulation and no one is talking ;) except for a few here because we don't mind posting and bidding. We agree that this one could surprise everyone, and YES VNDM is moving around quite a bit. This tells me this is a held order in the account of the small noteholder.
GL, I will be bidding.
This stock trades very thin because of baggies who weren't paying attention to filings and are stuck/can't trade. There is a reason why insiders here are cleaning up debt and balance sheet. Countless private MJ players are looking for a public shell -- companies out of CO and WA like you wouldn't believe. The thing is this though: most will not accept convertible debt or debt levels that could not be negotiated down.
You will see a big rally here coming $ARSC. It really doesn't matter what legacy did here in the past. The fact of the matter is, $ARSC is being gutted to make a deal and there is clear evidence of things happening behind the scenes.
Look at the combination of corporate actions here on $ARSC.
Watch and learn.
$ARSC -- R/M coming.
Why would an issuer make the effort (these corporate actions cost $$) to clean up its balance sheet, reduce its A/S and O/S and go dark by filing a 15? Only if they plan to not exist anymore and someone new is coming here.
It is my humble opinion that $ARSC will sell itself, hence I'm looking for a reverse merger to come here shortly. The clue was when they filed the Form 15 to cease reporting obligation/terminate registration back in October after cleaning up debt. Then we saw the R/S effected. Form 15 becomes automatically effective after 60 days. This makes it easier for a new comer to effect corporate actions such as name and ticker change and to resume reporting obligation under new name/ticker and to effect re-registration under their own name/securities by filing a Form 10. It is much cleaner and the correct process.
If $HFCO is the candidate for sale, it will still benefit $ARSC due to the 51% controlling interest it has in $HFCO.
Remember this: No one suddenly cleans up their balance sheet.
Another discovery I made today while looking over filings is that $ARSC changed Transfer Agent in March 2015. The new T/A is Colonial Stock Transfer.
Note that $ARSC reported new S/S in their latest filings alongside corporate resolution and amended articles of incorporation. The significance of the update reporting of S/S and new T/A is that the ledger of the T/A must be clean hence the reported float is precise.
Watch this one.
$ARSC --> Connect the dots : Due diligence
This one has been quietly restructuring since 2014. We see recapitalization and winding down of debt and previous operations. Late last year, it also filed a Form 15 and effected a 1:8000 R/S. What we can see from all the filings on OTCM is that the beneficial owners of this issuers are definitely prepping the Company for a major corporate action.
This VNDM you see on L2 is the last of the convertible debt, $55,610 and the remaining liabilities you see are past due salaries which have been accruing. When you see final debt conversion ($55,610) more suddenly than not, this is usually a precursor to deals being made in the background.
Someone is interested in $ARSC, this is why previous debt to the tune of +$1.5 million had to be moved out and into $HFCO in exchange for 51% ownership of that issuer. Keep in mind that $HFCO is also a very attractive "shell" with O/S at 30MM. Notice that $HFCO also effected a corporate action to increase A/S to 3B evidenced by the DEF14C.
Whether a newcomer came into $ARSC or $HFCO, there is considerable money to be made here, IMHO.
The clues are too obvious to ignore.
I'd keep an eye on these two issuers. Someone is coming soon.
I say a Ganja player, folks.
Reported floated: 2,498,655 shares $ARSC
http://www.otcmarkets.com/financialReportViewer?symbol=ARSC&id=131932
The Company responded in an email that they were in the process of becoming a fully reporting SEC filer. There are two ways to remove the YIELD sign on OTCMarkets: 1) To upload a legal opinion letter from counsel OR 2) File an audited annual report for 2014. Either will make EFLN current with OTCM.
If you look at the reports that have been uploaded on OTCM and pair them with the statement made by the CEO via email (see sticky), it is quite possible that EFLN is working on an audit, and this is why the CEO appears fairly confident that they will become fully reporting soon. In order to become a fully reporting SEC filer, audited reports going back 3 years are required and they must be submitted alongside a Form 10 or a S-1 depending on the issuer's situation. I have a sneaking suspicion that we will see some more progress soon.
If I can see an audited annual report for 2014, I am a big buyer here.
Finally, to answer your question about why 8-K or 10Qs have not been filed by this issuer, they are not required to file these at this time.
STRUK,, we have many mutual friends but your DD here on $PVSP is flawed.
The only thing that $PVSP has going for itself is momo. The company needs to clearly explain how the company issued 1 billion shares + 100K of Series H which converts for another 3.5 million shares for a non-revenue generating entity. This is total nonsense.
Where are the bid whackers when you need 'em. Sigh.
$EFLN. No fill today. Will try again on Monday.
Have a good weekend, folks.
Agree. My point is the minimum trading value of $EFLN is 0,0016 now.If they have more revenues to report, then of course the valuation is subject to upward adjustment.
This one could surprise once everything is uploaded on OTCM.