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Since there's no public apology or other sign of contrition, yes they do believe they were justified in screwing over the shareholders.
That "other sign" means production of all the missing financials. It basically rights the wrong, although doesn't excuse it.
Probably depends on how much information PSA provides the SEC in connection with all of $ARYC insiders. Reduced sentencing in exchange for information... but not no sentencing.
The company has said nothing and appears to have done nothing, so it was traders who moved the price higher for unknown reasons. Also means the duds are known, sort of.
Last activity of any kind was 05/01/2018, so it looks like the once every couple of year cycle is over:
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults/EntityName/baron%20capital/Page1?searchNameOrder=BARONCAPITAL
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=BARONCAPITALENTERPRISE%20S685979&aggregateId=domp-s68597-afde67d6-5c43-4c8d-88e2-295157af2ffe&searchTerm=baron%20capital&listNameOrder=BARONCAPITAL%20A100000002890
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-s68597-afde67d6-5c43-4c8d-88e2-295157af2ffe&transactionId=s68597-4b6ecb20-d732-4f73-9305-8d18c579b8e1&formatType=PDF
$0.0006 appears to have been the peak, again.
https://www.otcmarkets.com/stock/BCAP/overview
$ARYC: no strawberry rhubarb pie, only koolaid:
This little summary from the article below:
- guilty of conspiracy to commit healthcare fraud
- coronavirus antibody test often gave false results -- so in fact nowhere near close to 100% accurate and the only strawberry rhubarb pie is the one thrown in shareholders faces
- ArrayIT overbilled Medi-Cal and admitted to billing for patients never seen
+++
Monday, January 4, 2021 7:38PM PT
SAN JOSE, Calif. (KGO) -- Two doctors pleaded guilty to "conspiracy to commit health care fraud" in San Jose Federal Court Monday afternoon.
This is in connection with a COVID-19 antibody test developed by Arrayit of Sunnyvale.
Doctors Julie Taguchi and Madan Mohan face a maximum of ten years in prison and a $250,000 fine.
They are expected to testify against Arrayit founder Mark Schena.
Prosecutors say the company's coronavirus antibody test often gave false results, and that Arrayit bundled the COVID-19 test with extensive allergy tests for which they could bill Medi-Cal at a much higher rate.
Both Taguchi and Mohan admitted they allowed Arrayit to use their medical licenses, to submit Medi-Cal reimbursements for patients they had never seen.
https://abc7news.com/arrayit-fraud-antibody-test-coronavirus/9358065
And there's the 5,000 share trade at $0.0013 which came to a grand total of $6.50, plus trading commissions LOL LOL LOL
Guilty pleas in Arrayit COVID-19 antibody test fraud case
January 4, 2021, 10:38 pm
"... Two doctors face a maximum of ten years in prison and a $250,000 fine after pleading guilty to "conspiracy to commit health care fraud." ..."
https://news.yahoo.com/guilty-pleas-arrayit-covid-19-033801232.html
$ARYC koolaid drinkers will be forced to acknowledge the frauds within ArrayIT soon enough.
The guilty pleas by Dr. Taguchi and Dr. Madan, as well as the sentencing process means the fraud is already legal fact.
Every couple of years the board goes through the same rounds of discussion, and every couple of years the same things happen. A typical U.S. jeweler will generate about one-third of their annual sales.
In very simple terms, $BRGO passed its seasonal peak already and needs to sell shares to survive the next 10 months. Watch and learn, or don't.
For those who consider themselves to be "top traders" real world sales matter.
Nobody can sell if there isn't a buyer to acquire.
Mark and Rene Schena are fraudsters. Soon both will be convicted by the DOJ and SEC.
Interesting to watch those peddling koolaid in a trip zero stock with a caveat emptor label that soon won't be tradable.
King fu death grip in action LOL LOL LOL
The market is going away, unless a couple of traders want to wash trade and manipulate a stock. But guess how easy it will be for the SEC to find a couple of traders operating from a small brokerage with enhanced KYC rules.
Huge liabilities for the brokerages, and probably not worth their while.
E-Trade banned trading in Caveat Emptor (CE) securities as of 11/21/2020.
https://twitter.com/InvestorsLive/status/1325973790707290113/photo/1
There's not going to be much, if any, of a market for CE stocks as of 01/31/2021.
Somewhere between 95-99% of day traders lose money.
https://www.cnbc.com/2020/11/20/attention-robinhood-power-users-most-day-traders-lose-money.html
Anyone buying $ARYC probably doesn't know:
- there are major lawsuits in progress by the DOJ and SEC
Drs. Julie Taguchi & Madan Mohan just pleaded guilty to conspiracy to commit health care fraud in San Jose Federal Court, in connection with Covid antibody test developed by Arrayit of Sunnyvale. Both to testify against company founder Mark Schena. https://t.co/RHAq7JuMJo
— Dan Noyes (@dannoyes) January 4, 2021
Only 990M more shares to dilute under the current share structure. That's around $5M for the toxic note holders if the current price remains flat.
https://www.otcmarkets.com/stock/BRGO/security
The implication is releasing $ARYC's financials would show even larger scale crimes than Mark Schena is already charged with.
This means 30 years in jail and a fine of several million dollars is better than exposing the reality of what happened over the past 6-7 years.
Dan Noyes has done a really good job covering the $ARYC frauds. Its unusual to see this level of reporting in the mainstream media, but it's very welcomed.
The kicker is Team Schena didn't care about the financial or physical wellbeing of their fellow Californians, or anyone else.
I'm sure "investors" will be dying to buy $ARYC at No Bid x $0.0001 LOL LOL LOL
$ARYC has an added problem with returning to Pink Current: it'll have to provide all the missing years of financial data: Quarterly and Annual Reports, both as a mandatory SEC filer and as a non-reporting company.
"... When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com. ..."
https://www.otcmarkets.com/learn/caveat-emptor
The Company now has choices:
- does it bury its shareholders forever by remaining silent?
- does it file its years of missing financials and bury the Directors and Officers forever?
- does the company file for Chapter 7 bankruptcy and wipe out the shareholder base?
$ARYC invented a new form of koolaid apparently.
$BRGO sales probably fell, because shoppers spent less money on jewelry. If the big jewelers and retailers couldn't get shoppers to spend more it's very likely little companies like Bergio did.
"... homebound shoppers spent more on furnishing and food but less on clothing and jewelry, according to figures released Saturday by a firm that tracks all forms of payments. ... Spending on apparel plunged 19.1%, and jewelry sales fell 2.3%. ..."
"... The Hecht Co. and Macy's opened at 7 a.m. and offered 20 percent bonus coupons on already-discounted apparel, jewelry and holiday linens... Lord & Taylor offered 20 percent coupons on sale items and jewelry. ..."
https://www.baltimoresun.com/news/bs-xpm-2000-12-27-0012270037-story.html
$BRGO is not a diamond. Its not even a synthetic diamond. It's an unpressurized lump of coal.
Top traders wouldn't trade a dilution scam this way, but they would make money trading $BRGO all the way down to $0.0001.
I will bet quite happily that $KOAN's O/S is going to be way more than the current 27,019,627 as of 12/31/2020
https://www.otcmarkets.com/stock/KOAN/security
We, anyone and everyone outside of $ARYC, do not know the full extent of the multiple frauds even to this day.
Six years on there are no financials and no narrative in an 8-K, 10-K, or anywhere else outlining the true status of the company.
$ARYC is going to go through a Chapter 11 or Chapter 7 depending on the true state of its financial affairs.
Bankruptcy to restructure the debts and a subsequent large reverse split to reduce the shares outstanding is the likeliest pathway.
There are a bunch of complications along the way, including resolving the fraud, settling with creditors, etc. One nice new complicating factor is the inability to trade $ARYC as a CE stock as of January 31, 2021. That's going to increase the financial risks significantly with bo way to mitigate those risks.
No bid x $0.0001 is in play in 2021 and for many years thereafter.
$KOAN 2020: $0 revenue from the pot business, share price at $0.00012 pre-split, billions of shares diluted pre-split by current management.
Happy New Year
$AXXA closed up 9% at $0.0154 on 17.8M buying volume.
There's a half-day trading tomorrow.
Clearly $AXXA is not sub-penny this week as an "expert" projected
Clearly no PR too as another "expert" projected
#BrokeExpert
#MommysBasement
$KOAN rinse and repeat.
I read $AXXA's tweet about a new deal being finalized, but still awaiting an exchange of signatures.
$AXXA #Christmas #Present for #shareholders, #newDeal finalized, #signature #exchange imminent.
— Exxegroup (@exxegroup) December 21, 2020
#OTC #Pink #StockMarket #ExxeGroup #AXXA pic.twitter.com/sIhvUxpiyH
The broken clock calling for a press release can be right twice a day. Some day LMFAO
I will make a bold prediction: $AXXA will issue a PR in January 2021 LOL LOL LOL
I would invest in this one:
"company A that has 1 billion in revenues 500 million shares but 3 million in losses"
Because if they cut their costs by 5% that's ~$50M which goes to the bottom line and the net income equation, etc. changes.
So you didn't provide an apples to apples comparison, and you didn't provide a pathway to get from $15M revenue to $1B but it doesn't really matter LOL
What's important is $AXXA is growing its revenues and generating profits, along with a P/E since there's at least four straight Quarters of profits:
and two years of net annual income:
https://www.otcmarkets.com/stock/AXXA/financials
On that basis alone $AXXA's share price should be much higher than where it is now.
If $AXXA trades at 1x revenue per share it should be trading around $0.0164 right now, and possibly higher if the revenue base has grown more this current quarter.
If the company trades on a blend of revenues and assets and factoring in growth it could be trading around $0.10-15.
Depends on the market view, but $AXXA is trading below where it should be as an actual growth stock that generates profits.
Assets per share in the most recent quarter:
= $206,022,467 / 496,061,032
= $0.4153
Revenues per share in the most recent quarter:
= $8,154,139 / 496,061,032
= $0.0164
Profit per share in the most recent quarter:
= $1,249,894 / 496,061,032
= $0.0025
+++
O/S: 496,061,032
https://www.otcmarkets.com/stock/AXXA/security
Assets: $206,022,467
Revenues: $8,154,139
Comprehensive net income: $1,249,894
https://backend.otcmarkets.com/otcapi/company/financial-report/264228/content
You may not understand this, but every time a company completes an acquisition it pushes out the deadline to audit completion.
If $AXXA acquires another company / companies it will extend their audit completion timeline out again. Even more so because their acquisitions aren't US based which extends the process out. Anyone who trades a company should understand this.
The only way this changes with certainty from a shareholder perspective is if $AXXA releases a statement stating something to the effect of "We have completed our acquisition pipeline and the only focus we have going forward is completion of the audit."
Low information penny stock traders seem to believe that when a company says something it has to happen days later. Its simply not how it works for real companies LMFAO
Audits can take 18-24 months to complete. I was trading in another company that's only now getting to the point of audit completion 20+ months after it started. That company doesn't even have revenues or assets inside it yet, unlike $AXXA.
$AXXA is incubating their platform for 24 months as of June 2020. That means June 2022 before the incubation period is over, and probably no audit completed before June 2023 LMFAO
There was never going to be an audit completed in 2020. Its literally impossible. The company literally said so themselves. LMFAO
There is nothing to bet on except that you agree with the company, but you may never have understood that you did LOL LOL LOL
"... Under current plan management intends to incubate the platform for 24 months, complete a PCAOB Audit and spin-off the unit delivering unparalleled value to Exxe Group’s shareholders as a result. ..."
https://www.otcmarkets.com/stock/AXXA/news/Exxe-Group-Adds-New-High-Value-High-Growth-FinTech-Acquisition?id=264005
$AXXA has a market cap of ~$6.5 million, vs profits / net income in the first two Quarters of ~$2.2 million.
https://www.otcmarkets.com/stock/AXXA/security
$AXXA generated $2,176,754 in profits / net income in the two most recent Quarters. In the same period the year before $AXXA generated losses of $1,568,290. That's a positive $3.75M change from losses into profits year-over-year.
https://www.otcmarkets.com/stock/AXXA/news/Exxe-Group-Reports-Record-Revenues-for-Quarter-Ending-September-30-2020?id=281228
https://www.otcmarkets.com/stock/AXXA/news/Exxe-Group-Announces-Record-Results-for-Quarter-Ending-June-30-2020?id=274229
Taking a longer range view: $AXXA from 2018 - 2020 by revenue shows a huge positive change in revenue from $0.08M in 2018 to $15.3M in 2020, and so far $15.8M in 2021. Basically even if $AXXA produces $0 revenue in this current Quarter and next (totally impossible events), its revenue base is already larger than 2020.
$AXXA pic.twitter.com/HvNOYnjVxj
— Exxegroup (@exxegroup) September 16, 2020
— Exxegroup (@exxegroup) September 16, 2020
I will bet $AXXA doesn't go sub penny next week. Same $10,000 bet. Loser pays the winner.
I guess there was a PR, not. The person knew there wasn't going to be one, which is why they refused to take the $10,000 bet.
iHub is a forum for low information traders and investors. Always has been, and always will be.
Everyone knows this, because they post Twitter links and real DD that's not on this site.
The lowest price for any stock is No Bid x $0.0001. So yes $CAPC can go much lower.
Does it go as low as $0.0001? Only time will tell.
Short-term the stock should continue to trade lower, so don't be surprised if you see $0.01 in the relatively near future.
An SEC reporting company is supposed to disclose material events within four business days of their occurence in an 8-K.
If there's no material event, there's nothing to disclose.
In the financial markets an opinion is literally worth something. People bet on what's going to happen, what's happening, how it will affect the company, impact on share price, go long, go short, etc. That's speculation and its worth a huge amount of money to those on the right side of the calls.
People bet and make money when they listen to experts who make the right calls. They lose money when they listen to, or act on, opinions that are wrong.
The ability to call the timing of a market moving event like a PR is hugely valuable both to traders and investors both long and short.
Today I read an opinion from someone who is a "self-proclaimed expert" in $AXXA and stated there would be a "PR tomorrow". I am willing to bet my opinion against theirs to the tune of $10,000. Loser pays the winner directly.
Based on the flip-flop responses I feel I will be the winner of that bet and the other side knows for sure I am right. Why? Because they are literally too scared to put their cash on the line and make their opinion credible. That probably says everything about the correctness of the other opinions.
Correctness matters if one wants to be on the right side of the trade.
Who is Eduard Nazmiev if $AXXA is a one man company?
As a reminder to normal people CEO stands for Chief Executive Officer.
https://www.linkedin.com/in/eduard-nazmiev-4340a2177
https://www.otcmarkets.com/stock/AXXA/news/Exxe-Group-Reports-Record-Revenues-for-Quarter-Ending-September-30-2020?id=281228
BULLSHIT AND LIES MASKED AS AN OPINION BY A BROKE LOSER LIVING IN MOMMY'S BASEMENT