Realist
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Buy 1 share of Apple. You will make more money in the next 12-months with that 1 share of AAPL than you would make with 10,000 shares of BSEG.
This post is not a joke or me trying to be funny. Mark my words as to the next 12 months with AAPL vs BSEG
AAPL 1-share right now is $173.03
BSEG 10,000 shares are valued at $250.00
12-months.
I am not sure what 'Highest production in company history now. New energies and remarkable new employees.' means, but failure should not be acceptable. Public companies that don't produce top and bottom line results, or have share price that is down from previous year, 2-years and 5-years should be let go.
Board of Directors should never accept failure.
BSEG is a publicly traded company and management has a responsibility to shareholders - Big Screen Entertainment Group has been a failure. BSEG the stock has been a failure.
Management needs to resign, or Board must find someone else to entrust this public company to, because they have failed at every responsibility.
Another example is capital raise - management was raising capital? Since they have not announced anything, I can only assume that they failed at raising capital. That assumption is based on SEC and FINRA laws, which require a company to announce capital raise closing. Since they made no announcements that can only mean their capital raise efforts have been a failure.
How can a board of directors allow such inept people to remain in position.
Unfortunately failure seems to be acceptable with this company.
It would seem to me, based on your message board posts, that you are happy with BSEG and your investment in the company.
You and I are different types of investors - you buy shares at .0235 and feel if it goes to .03 you are content.
I don't understand that philosophy but that does not make me wrong or make you right - maybe it's just a matter of looking and perceiving something completely different.
As for revenues:
In Fiscal 2023 they did $307,141 in revenues
In Fiscal 2022 they did $637,459 in revenues
When you are a small company decreases in revenues are not acceptable. My point is that the business model is not working because for shareholders its not usually a good investment or trade.
Small companies, such as BSEG is, can not have a decline in revenues.
If you want to state that Fiscal Year 2024 will show $450,000, or in that range is higher than previous year - I agree with you, but the decline is still there because FY2022 was $637K.
If you bought shares at .0235 and .02 and with today's stock being at .0265 and you made .006 a shares than I am happy for you.
But I don't see how that can be a good trade or investment for you because even if you bought 1 million shares and sold it at a profit of .006 a shares, that is a $6,000 profit. But there is no liquidity for you to have purchased the 1 million shares and there is no liquidity to sell the 1 million shares, so at the end of the day - what are you talking about
Did you sell 100,000 shares at a .006 profit and net yourself a pre-tax profit of $600 - is that what this is all about?
I am truly happy for you because it doesn't matter what makes me happy because we do not know each other and we can care less about each other.
I was just trying to express my opinion on a stock that I see as being a bad investment, and the charts prove my theory to be correct, but good for you with your trade and profit because it would seem to me as if you timed everything perfectly.
I am truly happy for you and I am not being sarcastic or any other devious intention. I JUST DON'T GET IT. I ADMIT IT, I JUST DON'T GET IT.
Good Luck
The link you provided is a press release about THE MIRROR (FACT)
That press release DOES NOT disclose how much revenues will be generated (FACT)
You 'hope' revenues will be generated (FACT)
Past performance is indicative of future results (FACT)
I do not believe Kimberly, Big Screen Entertainment or anyone else inside the company has the intelligence or know-how to build, grow and maintain a successful company. (OPINION)
BSEG stock is down (FACT)
For the year ended March 2023 they had $307,000 in revenue (the pizzeria on my corner did more) FACT
For the 9-months ended December 2023 they had $71,000 in revenue (revenues are declining) FACT
Since the company was formed and been in business, they have lost $6,169,580 exactly FACT
That is all shareholders money from their past capital raises FACT
Kimberly has paid herself a nice salary with shareholders money, she has a nice office which is paid for by shareholders, she has an expense account that pays for a car, meals, travel, etc, etc, etc, AGAIN, paid for by shareholders FACT
I am sure your response will be enlightening to yourself, but I will most likely simply say - WHAT A SHAME, yet another person just doesn't get it.
But I do look forward to your reply and I will give you credit if you can make any statement with any reply that makes any sense to this post.
First - I never said anything against people that sell or short.
I was simply stating that you as a BSEG shareholder should not want that.
In even simpler terms - you didn't understand my post and the meaning behind my words.
Secondly - What PR about sales.
Investors want to see sales numbers in 10Q's and 10K's.
In even simpler terms - I don't understand what sales you are happy about.
Third - God has nothing to do with the stock market.
I keep God and religion out of all conversations and message board posts.
In even simpler terms - I am far to intelligent to use God or religion in any way to try to make a point, especially any point that has to do with the stock market.
Finally - Do not let my intelligence intimidate you.
You keep trying to retort, but if you look at our interactions, and putting aside opinions, you have never replied in a cohesive and intelligent manner to any post I have made.
Don't be discouraged - you keep trying, just like BSEG is trying to not be at a 3-year low in the stock price.
We live in a world in which most people think they are good at everything they do, but based on salaries & job titles and responsibilities, personal relationships and marriages, and IQ scores and common sense - statistics show that most people are not good at what they do.
Your past trading history, specifically profit & loss, will tell you if you are good at what you do.
I am really confused. You like when shareholders sell their shares. You think this is a good thing for a stock.
Maybe someone needs to teach you the supply and demand philosophy associated in the stock market. When shareholders are selling and there are no buyers, it usually results in a stock price drop, as is the case with BSEG.
Only a fool and his money would want sellers and shorters in a stock.
There is no trading in this stock so that means even if a person came in with $5,000 the stock can double - you know, to 4 cents a share, but it is a safe assume that upon a stock price increase of that nature, it will surely drop.
AS FOR SHORTING BSEG - you can't short a Pink Sheet company or a stock that is 2 cents. It can not be done.
I am a little confused. With all this great news why is the stock at a 3-year low?
And today there was 106,000 shares traded but at 2 cents a share it comes out to $2,000 only.
Like, why is the stock so low and no one buying the stock with all this upbeat and great news?
Kjv
Based on your reply, it would seem to me that you are looking for lightning to strike.
Your investment is based on impulse and dreams, not fundamentals.
You buy $10,000 worth of ENDV stock at .002 a share means you own 5 million shares.
If the stock reaches JUST 1 PENNY A SHARE, your 5 million shares are worth $50,000 which means you would be happy with a $40,000 profit.
You may also dream of the stock reaching 2 cents a share because it was close to 2 cents a year ago, which would mean your 5 million shares would be worth $100,000 and you net a $90,000 profit.
I do not wish you ill-will, but the chances of ENDV going to 0001 is much more probable than getting to your dream numbers.
Unfortunately in the OTC sub penny world, many investors have your philosophy and get burned most of the time, but maybe you will catch the lighting in a bottle and walk away a happy person with your ENDV investment, but in my opinion you are better off going to Las Vegas and putting your $10,000 on a HARD 8.
To Kjv
Did you write "It's not all doom and gloom"
What do you see as a positive. I am giving you an opportunity to say positive things about Endonovo the company and ENDV the stock.
While I am not going to engage in a confrontational message board back-and-forth with you, I am simply going to read your positivity about ENDV and not reply. Just looking for some reading here.
KARMA
That is the only thing I will say when thinking about Alan Collier
KARMA in one form or another will get Collier. Maybe it will be KARMA against Collier directly, or a loved one like his children or family member.
Collier can steal from people and he may think he is getting away with it, but at some point KARMA will get Collier through afflicting a loved one.
I know KARMA scares me even more than a jail cel. Most people are good people and do the right thing for many reasons, but ask psychiatrists and psychologists and they will tell you even good people need FEAR to dissuade them from doing something wrong or illegal.
Sometimes FEAR is the possibility of jail, embarrassment and sometimes KARMA. For me I like to think being just a good person is what makes me tick, but at times KARMA is what scares me the most. KARMA against my wife and especially against my kids is what keeps me on the straight and narrow.
Who knows the truth behind closed doors inside Colliers house or with his children now or in the future, but KARMA should be in Colliers mind if he has a soul.
If we do not see Alan Collier on AMERICAN GREED within 5 years I would be surprised.
He is a sociopath
He is someone that would rather steal than get a job
And the most dangerous and sad thing about him - He probably believes everything he is saying.
Disturbing that people do not conduct their own due diligence on Alan Collier. His approach is very similar to the ponzi scheme Alan Harper had on Two and a Half Men.
Dawg
Not sure if you know much about Hollywood & making movies but production company LuckyChap Entertainment was started by Margot Robbie and her husband. Together they have produced several films and television series, including the critically acclaimed films I, Tonya (2017), Promising Young Woman (2020), and Barbie (2023). They have done more revenues and generated more profits from these 3 films then BSEG has done in all their years.
LuckyChap would not be a successful public company, but for their founders and management team everyone is making money.
Being a public company requires continued, sustainable and significant top and bottom line results, none of which BSEG has ever accomplished. They have failed, so now they are pivoting to family and faith projects, a sector that has never been financially successful for a company. Yes, there may have been movies in this genre that were successful, but the company that produces or distributes these movies are not focused on faith and family. It just happens that 1 project was in that space, but all others are not.
I am guessing you are a paid promoter, because no current investor can be happy with BSEG's management. Since there is basically no trading in the stock no one else thinks this dog has any potential. A dog with fleas is probably the best analogy because people stay away from dawgs with fleas.
As for nastiness in the world vs faith and family - Investing is about making money, not saving the manatees or promoting a narrative that is inconsequential to stock price or company success.
I would suggest you look at BSEG annual revenues since the day they started the business and say to yourself - is this a growing company, or a company that wants to grow.
If it is a growing company than it is a good investment
If it is a company that wants to grow than it needs to grow before its a good investment.
good movies for soulful people is not a money making business plan.
that sounds more like a non-profit organization
good movies for soulful people is non revenue and losses to the bottom line.
i do believe bseg is supposed to be a money making business, but they have yet to make any money for the company, for their shareholders, and since we have not heard anything about the most recent capital raise i am guessing that too is a failure.
From the write up: Green Planet Microcaps was compensated 600,000 restricted common shares for 3 months of investor relations and will not be liable for any consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by Green Planet Microcaps or derived from Green Planet Microcap’s website and/or newsletters.
BSEG should be worth $0.0001 a share. At $0.25 it is overvalued and people will probably lose money.
Rich2 and Cornerstone marketing still believe ENDV is a good investment.
The only thing those 2 have installed in my brain is that it is a complete waste of my time and life to spend any time on this message board. I used to think it was posting here and reading some comments, but now I would be a stupid person if I ever post anything or spend anytime on investorshub.com or any other message board.
Good Luck to all, but this poster is officially retired because I feel if I spend any more time here I am a full-blown LOSER.
Nice run-up.
I am trying to predict the sentiment of current investors to see if we have sellers or holders on the horizon.
At what point does this most recent spike show signs of support or selling?
Investing is 100% all about predicting the future.
That is exactly what investing is, predicting the company business success and accomplishments, or predicting failure, predicting the possibility of other people buying shares which is what drives the stock up, predicting the best time to sell a stock.
PREDICTING is what it's all about.
The entire stock market and financial business is about predicting.
When you apply for a car loan, mortgage, credit card, the financial institutions PREDICT what the probability of you repaying it back, and that is how interest rates are given. A banker and analyst in some office PREDICT.
Everyone that buys stock, from Warren Buffet, to you and me are PREDICTORS.
Telling me I can not predict the future is meaningless and brings no value to a conversation.
Predicting the future stock price, based on a number of factors, which is what I did in my last message board, has value.
NO - it is not a guarantee of anything, but investing is based on PREDICTING so please refrain from your meaningless, worthless posts against me and my posts.
I do not understand all the posts on this message board, whether it be positive or negative or anything to do with the stock.
The Doki's probably don't have the money to pay their debt which means its going to be on Reliability balance sheet for an indefinite period of time.
Reliability business is miniscule and that means whether they win, lose, get paid, don't get paid from these law suits will not mean a damn anything.
For the last 12-months, a total of 1,917,004 shares traded.
At 5 cents average during this past year, it means $95,850 worth of RLBY stock traded for an entire year.
There has been no interest in the past, there will be no interest in the future and as for investing in this stock - you make money when someone else buys the stock from you. Who would buy this miniscule revenue generating company, money losing business, that will need to raise capital which means dilution which really means they will bring in some bad and expensive money - who will buy this stock and why.
If you think there will be buying if the Doki's pay - then good for you.
Remember - if they pay.
You can not take money out of a rock.
If Reliability continues on its current path, the employees will continue to get their salaries and everyone inside the company is happy.
Did I mention Reliability revenues have decreased and their cash position is almost to a point of bankruptcy.
Call me a naysayer
Call me a downer
But the truth is what it is
I would love to have some of these promoters come on this message board to explain to us how great endonovo is now.
I would really love Alan Collier to issue a press release about Q3 results and HE/HIM make comments on how great things are at the company.
This is the guy that years ago gave guidance of $300 million in sales.
How, why and who buys a single share of this stock is a mystery to me
ZERO CASH + NO SALES, but yet they come out with construction deals and $50 million valuations and uplistings to Nasdaq. AND SOME HOW PEOPLE STILL BUY SHARES. Sucker born every minute.
has sofpulse any sales
has sofpulse been proven to work
https://www.msn.com/en-us/money/companies/sec-charges-ex-ceo-of-medical-device-company-with-fraud-says-some-devices-were-just-a-piece-of-plastic/ar-AA1lL2re?ocid=msedgntp&pc=HCTS&cvid=cf2dbbfe20b7444089c1f4e2e6c26e86&ei=30
1 - I have no idea why you are mentioning anything about toxic financing and morally bankrupt money managers.
I never said anything about toxic financing or morally bankrupt money managers.
2. You say they have shareholders best interest at heart.
Exactly 1-year ago TODAY, on Dec 11, 2022 - the stock was $0.348
Today it is $0.295 - down from a year-ago
3. For the three months ended September 2023 they did $229,868 in revenues.
Why is this company public?
I am going to make you happy, I am no longer going to post on this message board, for a number of reasons but the first being that I can not communicate with a person or persons that is either unrealistic, or someone the company is paying to reply to nay-sayers or anyone that shows any form of conflict.
Will this be the SPAC that provides an ROI to new investors?
My apologies - my opinion on BSEG differs from you and instead of debating opinions, you decide to attack me personally.
Maybe you are right
Maybe BSEG stock will go up
Maybe Big Screen Entertainment business will grow
BUT the facts are the facts:
No revenue, and please don't tell me that $2 million is real revenues
No cash to fund their business or growth
No money managers invested
No cash raised from their current fundraising effort
No trading in the stock
No press releases that define growth, just press releases with words.
No press releases that show any sort of revenue potential, just press releases with words
Maybe I am wrong - BUT HOW CAN I BE WRONG WHEN STATING FACTS
Maybe you will some day be right - BUT I BET IF YOU ARE WRONG YOU WILL NEVER ADMIT IT
Did you know that 72% of Nasdaq companies decline on average for past 5 years
Did you know that 68% of NYSE companies decline
Did you know that 92% of OTC companies decline
Will you be right about BSEG
Will you pick 1 of the 8%
I don't think so, but you keep criticizing me from your basement
To keep this really simple, and if anyone sees a mistake in my overview and simplicity please let me know.
Endonovo is selling the Sofpulse assets to SofPulse Inc. for no less than $50 million.
SofPulse Inc is a company started by Endonovo.
Endonovo has no money, in fact they have over $20 million in debt. That probably means SofPulse Inc has no money, so in simple terms Endonovo is selling something that has no sales to their own company a product for $50 million.
I feel sad and sorrow for anyone that buys ENDV shares on the open market because they think Endonovo is getting $50 million.
I can not envision any bank taking SofPulse Inc public on Nasdaq via IPO.
I am disappointed on the level to which some people try to deceive other people, but after following Endonovo for a few years I am not surprised.
If you notice, Alan Collier names does not appear in today's press release. In fact his name has not appeared in many of the latest press releases. I guess it's his attempt of shielding himself from lawsuits, warrants, inquiries and arrest.
Oh and by the way, they are doing all these things, and they can not file a 10Q.
Sometimes I laugh so hard it's a shame on how some people really deceive unsophisticated investors into buying stock, or in this case, SofPulse Inc is raising $500,000 through a private placement.
SofPulse Inc is raising $500,000, but they announced they are buying sofpulse assets for no less than $50 million.
I expected criticism about me.
Over the last 2-years BSEG has not traded at .42. The highest the stock traded was .059 on April 22, 2022. if you made money on this stock, then congratulations, but I think you are lying 100%, but since we will never know the truth, all we and everyone else can go on is stock charts.
If you are referring to May 31, 2021 week when the stock traded as high as .4217 a share with 33,253,981 shares traded you had nothing to do with that. That was a stock manipulation day that had a microcap fund trade in the stock through buy and sell orders that had absolutely nothing to do with individual investors par-taking in the day. That was manipulation combined with an email stock promotion that benefitted 4 people in one fund.
Please refrain from coming onto a board and claiming you had the perfect timing of selling BSEG at 43 cents because you are lying 100%.
You may want to go back and check LEVEL 2 trading for that day and then speak to the market maker and see which firm handled the buying and selling for that day. You will uncover a great deal if you know how to uncover such information, but the one thing I am 100% sure of is that not one individual investor benefitted from those trades because the trades were matched 100% with a buyer, seller and a third party.
The stock has been flat with a few ups that end up being downs within a few weeks.
Investing in BSEG has basically given you ZERO PROFIT for a decade. Everything you pontificators are complimenting the company and its management on has proven to be wrong based on past stock price for many many many years.
If you feel that being positive will result in a positive investment for you, then good for you. KEEP FEELING POSITIVE
But the numbers do not lie and an investment in this company has either allowed you to break even or you have lost money. Keep in mind breaking even is like losing money because other stocks have gone up all the years this stock has stayed down. Putting money in the bank at a 1.5% interest rate annually gives you a way better return than investing in Big Screen.
Type all the words you want, but the company has little to no revenues, stock is down and the funny thing is that my friend owns a pizzeria down the block from me and he does more revenues than this so-called entertainment company that claims to be in the movie business
NUMBERS DONT LIE
STOCK CHARTS TELL THE TRUTH
Before anyone here bashes me, what have I said that is wring, false or misleading.
If you ignore me, it make you an ignoramus.
If you decide to criticize me, please be specific as to my mistakes.
They don't have any cash
They have over $20 million in debt
Collier has taken as much as possible from shareholders through the issuance of convertible notes to funds at a discount to market
They don't need to legally file anymore as they are winding down operations and going away.
Collier will face lawsuits from the funds that he issued convertible notes to, but once a bankruptcy is filed the whole thing will go away. ENDV will be 0001 a share very soon and most shareholders will just be bitter and move on with their lives because it doesn't pay for most shareholders to pursue Endonovo legally and they will not get any cash even if they win a court case because the company does not have any cash to pay off.
Endonovo is a C Corp which means Alan Collier personally has absolutely zero liability for Endonovo's debt.
The only way Alan Collier will face any consequences is if one of those convertible note holders decides to pursue Collier personally for misleading and fraudulent business practices & press releases. I am going to imagine that the convertible note holders will hire a lawyer to determine if Collier has any personal worth that would be worthwhile to pursue in court.
If Collier personally has little to nothing than most funds that do these convertible notes will not pursue anything because it will cost them money for lawyer.
This is a classic case of an investment into a bad company with a low-life CEO, and just accept the losses and move on. Kick yourself in the butt for not doing proper due diligence.
Net loss was $5.9 million for the quarter
They had $2 million in cash Sept 30
That means they are or will be out of cash very soon.
That means they are going to have to go raise capital.
That means dilution to current shareholders.
All of this probably means they will get very very bad terms for the capital they raise possibly death spiral or some form of toxic financing.
All should be prepared for a 20 cent stock very soon.
Just took a position in this company.
Even though I am not happy with 2023 numbers I am guessing this will be a take-out target sometime in the next 12 months as banks are looking to expand their technological banking business to consumers and I think BMTX has the foundation and products and services to really help a large bank dominate the space.
This is an investment on my behalf that lacks fundamentals, and is purely based on assets and being acquired in 2024
Waiting for the turnaround
I would feel better if management would provide an outline on their growth strategy
They LEARNED? Is that what you just posted?
When you are a CEO of a public company you don't learn, you execute.
You don't learn, you teach.
Them learning has cost many investors many thousands of dollars in losses.
Kimberly should not be a ceo of a public company. She is inept and based on revenues, losses, shareholder equity and stock price, she has failed 100% which is not arguable considering numbers do not lie.
Some of the people that she has working for her are absolute jokes and hard to look at during interviews.
As for anyone on this board or anywhere else defending her, you are either paid to defend her or you have a personal relationship with her, because her business numbers, like revenues, profits, or lack there of which means constant losses and historical stock price proves that she is a failure. In fact, an utter failure in the business world.
For the quarter ended September she reported $229 thousand in revenues and $134 thousand in net income, the pizzeria on my block does better than her, and that pizzeria has no right being public.
Being public means increasing revenues and bringing value to shareholders, none of which has been accomplished here
Cornerstone Marketing is back. Thank you for your paid promotional insight. You have a number of alias on this board and you have been positive on ENDV in all your posts. Since you are back I am thinking Alan must have paid you to restart posting positive things about the company.
I am not going to ask you a question or make a statement about ENDV because you will refute it because you are paid to do so.
I will simply state that ENDV past sales is in fact indicative of future sales and their debt is what it is.
They are delusional people.
No way in the world will they raise $500,000 through the Reg D offering.
They wasted their time and money doing all of that stuff for the Reg D.
I do not know how any ENDV investor thinks Taiwan FDA approval is good for Endonovo.
Endonovo can be selling SofPulse device here in the United States, but it has no sales. It has no sales in a Country (United States) that they supposedly know how to do business in.
Why in the world would the Taiwan medical community use the device?
I will go one step further, the device wasn't sold by IVIVI, the device wasn't sold by ADM and the device hasn't sold with all the years Endonovo has had it.
Maybe the device simply sucks. Endonovo over the years has had multiple distributors and distribution agreements, but yet no sales. I am sure those distributors have legitimate sales channels, BUT NO SALES. Endonovo claims to be in VA hospitals, but yet np sales. Endonova gave the HFL the device, but yet no sales.
Maybe the device has no real value given that many companies have tried to make a go-of-it. Not to mention that Endonovo has tried everything to make a go of it, yet no sales.
Maybe they have a product that either sucks, or has no legitimate value.
Taking all of that into consideration, Alan Collier probably knows there is no value to the device, but he has used the capital markets to raise money and pay himself a salary as well as I am sure reimbursements for many things from travel, to meals to cars, insurance, and so on and so on.
The real question now is can he raise any more money through those convertible notes, or will he have to go out and get a job. ENDV liquidity has gone down that it would be difficult to impossible to raise money through convertible notes. Not to mention that Endonovo $23 million in debt which included $7 million in outstanding convertible notes and $4 million in interest that is due from past convertible notes. I am guessing that those convertible note holders want to get paid so no one is going to give him any more notes and he is so delinquent on his accounts payable that he must be facing many lawsuits.
I can not see any scenario that he would be able to raise a single penny.
Unless he has saved money, he will need to go out and get a job. What will he write on the job application that he has done for the past 10 years and where would he be applying to?
I can not imagine any medical business will hire him.
I can not imagine any financial firm would hire him.
Does he go to a retailer like Home Depot to take any job they have open.
I think there should be a website dedicated to the trials and tribulations of Alan Collier.
TRIALS - Criminals trials would be interested - the guy once issued a press release that Endonovo was going to do over $300 million in revenue. That was so misleading that it justifies criminal pursuit.
TRIBULATIONS - Most misleading dishonest CEO's get caught and when the go before a sentencing judge they cry and beg for mercy and claim they were wrongfully advised and blah, blah, blah. They claim to suffering and they didn't know better at the time and blah, blah blah.
What will be Collier's trials and tribulations given his misleading press releases, years of utter and complete failure, but successful in raising $40 million as a result of those misleading press releases.
YEAH- SALES IN TAIWAN ARE GOING GOING TO BE WONDERFUL !!!!
BSEG previously said they will be using Emerging Growth Conference as a marketing tool to attract investors.
The October conference was last week - BSEG management did not present.
In my humble opinion they were terrible about presenting back in September, they weren't live, they did a pre recording which didn't allow for the host Ana Berry to ask any questions.
As for the guy Sandro he looks unprofessional, doesn't communicate well and very hard to understand when he speaks.
As for Kimberly she has no idea what she is doing as a CEO of a public company.
I am not here to bash and dash, I am just trying to figure out if this company will ever generate revenues which can make a 3 cent stock triple or quadruple so I can make a profit.
As I indicated in my post # 1254 I DO NOT short stocks under $1 a share.
I wait until the reverse split occurs and then I short it.
There is a $2.50 rule which means you have to have a margin account that can cover $2.50 for every share you short under $1.00. Some people call it a $2.50 rule while other say you need to have a margin account that can have 150% value of the share you are shorting.
I do not know all the details because I do not short shares under $1, but you can probably speak to your broker or a representative at your brokerage firm.
I do have a margin account and I do have capital ratios that allow me to short a predetermined amount of a company stock.
BANKRPUTCY WILL NOT HAPPEN
They do not need to find a big investor to raise capital.
As long as they have liquidity in the stock TBLT can raise capital through a toxic financing which is traders participating in the capital raise. The second they do the deal, before it is closed, the traders, which are all institutional investors, will short the stock. once the deal closes and the traders get their shares, they will cover their short position and their long position will all be a profit even if the stock declines, which it will.
That is how bad public companies can raise money. It's a never ending cycle, as long as retail investors continue to buy the stock on the open market. Most retail investors do not understand that the capital raises are toxic and the stock will go down forever because the company will continue to do toxic capital raises.
No need for bankruptcy is you can continue to raise capital. Besides, their balance sheet is not bad - in fact they have a good balance sheet on paper, just cash poor.
As long as you have a margin account you could short a stock.
I wait until the reverse split happens before I short it because sometimes stocks under $1 go up for a couple of days, but they always drop and if shares are under $1 they don't always drop as quickly as I want.
TBLT will always drop because they keep raising money to finance their business growth. Its an oxymoron - Toughbuilt business is GREAT, but the stock is terrible. The reason the stock is terrible is because the CEO has never properly financed the business. He always went to traders to raise capital. He never went to investors. Every time he raises money its through a toxic financing.
The CEO owns less that 1% of the company but he doesn't care because between salary and bonus he made $1.4 million last year.
I am sure he gets reimbursement for many things like car allowance, meals and I am sure much more which just adds to the salary and bonus.
He is living his life through salary and bonus which at $1.4 million last year is good, but if he was real smart he would have financed this company differently and he could've had a nice exit strategy when a large company acquired Toughbuilt.
The next reverse split will allow Toughbuilt to stay on nasdaq, which means they can raise more capital which means CEO will make his salary and bonus, which means the business will continue to operate, but retail investors that buy the stock on the open market will lose their investment - AND THAT IS WHY A SHORT IN TBLT IS WELL WORTH IT.
I am happy with TBLT
Initiating a short position upon a reverse split is successful 100% of the time. For some reason the cheerleaders don't understand investing, or maybe there are no cheerleaders in TBLT, just paid promoters.
I am excited for the reverse split to happen. Moe than 71% of public companies stock decline every year, that means it is easier to pick a LOSER and make money off of that loser than it is to make money with a long position.
There is a reason hedge fund managers outperform everyone else in the investing world.
Where are they going to get the money for an acquisition. I can not see how they can use their stock since the market cap is $4 million and they have no trading.
If they did use their stock it would be so dilutive to investors and if they go to these toxic finance guys the stock would be 0001 a share in no time.
They have a nice little store business but I am confused why this company is public.