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Wow. This is very toxic deal.. Bottom line the company is selling their shares to these financiers at 0.16c per share!
Expect a large dump of these shares over the next months
Who cares? As long as this scam push the price up with all their BS press releases, I can get out and break even.
All the OTC are scams.. Its only a question of timing in getting in and out..
Your right... But! He is only interested in the management salaries plus bonuses..
And then the next in line is the Note Holders
Shareholders are the very last in the equation.
Reality is... This company is based upon its propierty old technology.
You only need to look at the filings and the Note Holders and realise, their only business was to dump as many shares as possible, and enrich themselves.
All their P R was purely to hype the shares, generate volume so they can dump shares into the market.
The history of the management and previous Sec convictions says it all.
It's great for the Note Holders and Management. They will be able to gorge themselves with lots of money when they dump the shares.
It's another nail in the coffin for any existing shareholders.
And its a scam for any possible new bagholders, trapping them into the B S with outrageous P Rs
The Sec should have suspended this company,
and prosecute the management and all the Note Holders.
All in IMHO
There are no investors in the OTC market world... Only gamblers.
All these so called OTC companies, are pump and dump focusing on enriching the Note Holders and Insiders..
The only way to make money is to ride the wave and never ever believe in all the BS PR, and get out ASAP.
Good Luck in your trading
This will soon be delisted.
No filings for a long time.
Lovatt record is stellar. He has 100 % record of destroying every pink sheet company he has been associated with.
The only winner has been Lovatt dumping shares through Rule 144 Note Conversions.
This was doomed from the day they changed direction from a Software Company to a Wine Seller!
The question is... Who are buying these POS shares?
Just be aware that this Mr L Tucker has been indicted by the SEC for defrauding thousands of investors in a penny stuck scam
https://www.upi.com/Archives/1990/09/14/Three-principals-in-defunct-brokerage-admit-fleecing-customers/5221653284800/
What do you expect.. Look at the history of one of the main shareholders!
Conviction of Penny Stock Fraud and jail
Who really cares about the float. Its all BS.. As long as they put out some BS press Release and pump up the price so we can all recover some of our losses.
Spom. Wine.. Software.. Zero interest.. They can claim they are going to Mars.. Lol
Restricted Shares count when Note Holders are converting.
Its standard practise under Reg A 501 Rules to count "All Shares" as issued and outstanding. This a typical and common scam by Note Holders.
They are allowed to convert up to 9.95% of all the issued and outstanding that includes the restricted.
The restricted shares they isuue are worthless, and they use it simply to increase the issued and outstanding and therefore being able to DUMP more shares.
DNAD Note Holders : look at their names! They have a string of companies that all end up at NO BID.
The business of DNAD is totally irrelevant to them, and only to issue as many Press releases to create an illusion.
This is a solely a focused Pump and Dump
The only mystery : why the SEC haven't shut the type of scam down and prosecuted the Note Holders.
The only thing Stuart upbeat about, is the ability to sell more shares.
The so called business is totally irrelevant..
The Note Holders and CEO are only interested in enriching themselves through Ref A 501 share sales. Read the financials! It's all there
Any Press Release is solely for the purpose to dump more shares
Sorry to Spoil the Party
GLTY
Zero Revenue in the last quarter.
Stuart has sold his controlling voting shares in SPOM to this so called wine entity.
They have started now to issue shares " again" to the Note Holders. So the start of Pump and Dump
Bottom line : SPOM is a typical Pinkie... Only focus is to issue shares, to enrich the New Note Holder, 912 Capital LLC who purchased all the Notes at probably a significant discount.
Zero value for any poor shareholder. Stay far away
That's great. Time to SHORT this, again.
Better off buying a Mega Million ticket.
More chance of hitting the jackpot than making anything with DNAD
DNAD is an entity focused only for the Note Holders to convert and dump as many shares as the buyers will take
The Note Holders win the lottery every day when some bahgolder loads up with this POS
Glty
Yes. Read previous posts
He is a Pink Sheet destructer.
He has had a string of Pink Sheet companies. All with amazing PRs.
And every single one has ended up at NO BID
He always dumps his shares through Note Conversions..
His latest is DNAD.
GLTY
It never was a operating company!
It was simply a vehicle for the CEO to extract as much cash into his pocket.
Every PR, every tweet was designed to pump the stock so he could dump more of his shares
Good Luck to You
But you should know, that behind DNAD is the Pinki Serial Destroyer. DAVE LOVATT
Every single company he has ever been involved in, as an officer or Note Holder as ended up at NO BID
His only objective is to squeeze as much cash from shareholders into his pocket
It's not operating capital they are seeking.. Its"Life Style Capital " that any shareholder who is buying this POS is helping them to achieve.
The only objective of DNAD is to take as much cash as they can for themesleves.
All the rest is a sham
You are correct! It's a potent dish called " Pump and Dump"
Starting the conversion of Notes, after this illusionary " acquisition" to enable them to dump as many shares as possible.
Its classic OTC Pinkies.. The I only purpose is to rake in as much dollars for the Management as legally possible
Glty
The only thing IR is going to produce, is more BS for the Note Holders to dump their shares
Who knows how much SPOM paid for this " so called business"?
I bet it was in " restricted shares"!
Which means, that the issued outstanding will be increased!
And since the authorized remains at 4.9 billion, the commercial logic tells me only one conclusion.
Note Holders will be starting "again" to convert under SEC Rule 144, and dumping millions of shares!
Expect a series of PRs. To Pump and dump
Glty
SEC has given your answer now.
The only people being fooled are the shareholders.
Simply Note Holders converting and then dumping their shares
Its all in their quarterly financials.. Every single conversion.
DNAD is like 99% of all the OTC Pinkies. A method to make money for the Note Holders.
Glty
Note Holders happily dumping their shares.
To be clear :
1. All Reflective has done is paid the $800 per year to become a IBM partner.
There are no real requirements by IBM , as this is simply a method of them earning extra revenue .
2. All Reflective receive are regular new releases and a mention on their Maximo partners web site
3. Reflective has not attended any IBM shows since 2014 !
let me check it out
Thanks
Really? Do you have a link?
Looks like a nice PR , but you should be aware that Lovatt is a " Note Holder" as stated in the financials , and has been quietly converting his " so called notes" at a 50% discount , into free trading shares and dumping them into the market .
Its his modus operandi.
Its all in the financials.
There has been only one winner , when Lovatt is involved in any of the Pinkies he has been involved in. Take a wild guess who that is
GLTY
Your absolutely correct.
The next step will be, that they will acquire some low revenue entity that will be paid with a large amount of " restricted shares.. And P R the maximum.
That will in effect increase the isuued and outstanding., which is the real purpose behind this.
And then they will be able to start converting the notes, up to 9.95% of the issued and outstanding. And with the A / S still at 4.98 billion, they will be happily issuing and dumping loads of shares till they max out the A / S
There is value for a public shell.
Another company wanting public exposure, could use TNTR as a vehicle for a R/M
It's not over yet for the shareholders.
The public company / Shell may be sold independently from the assets and liabilities.
This could be an opportunity for a new clean company to do reverse merger MD become public very quickly.
This would give all existing shareholders in TNTR the opportunity to still trade their shares with exciting future
All in my Opinion
Tintri Receives Nasdaq Delisting Determination Letter
https://www.businesswire.com/news/home/20180709005828/en/Tintri-Receives-Nasdaq-Delisting-Determination-Letter
New Update.
Staff not paid. European offices all are closing down.
www.theregister.co.uk/2018/07/09/tintri_uk_emea/
Not positive news.
Article today :
www.bizjournals.com/sanjose/news/2018/07/06/tintri-collapse.html
Here is a more detailed information
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