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There is not 1 share short in COWI. NONE
https://otce.finra.org/otce/equityShortInterest
Another myth immoral pumpers use to convince stupid people to buy.
Its a complete dumpfest. Just more dilution!
Nothing but more dilution is coming here.
COWI is INSOLVENT. Do you have a clue what that means? They can't pay their bills. And the situation gets worse every single day. They can't issue enough shares to even pay the interest on their existing debt, which means the amount of debt gets bigger and bigger daily.
If Lloyd Spencer really though this company had potential, he would have put it into a clean shell or IPO'd it fresh and not rolled it into COWI that had $40 million of old, past due and delinquent debt to start with. Instead, he is just using this hydrogen BS as the pump to allow him and the toxic death spiral holders to dump.
Again. This is the FOURTH pump and dump on this ticker run by Lloyd Spencer. Idiots never learn.
There are NO shorts in this stock.
Check for yourself.
https://otce.finra.org/otce/equityShortInterest
ZERO shares short.
COWI is an insolvent pump and dump. They have NO money and are issuing shares like mad. About a billion new shares a month now. And yet their debt level keeps growing.
Anyone who can actually read is staying FAR away from this worthless pump and dump.
COWI is an insolvent, debt-ridden pump and dump.
Nothing more.
This is the 4th pump and dump that Lloyd Spencer has run on this ticker. The FOURTH. People never learn, I guess.
This changes nothing.
A fluff PR designed to stop the bleeding (selling) and get people to buy more stock from the insiders and the toxic death spiral convertible holders. They need your money, so give it to them! Buy more of this pump and dump!
COWI is a dilution machine. They are issuing around 1 billion new shares every month, and even that isn't close to being enough to pay their monthly interest expense, much less pay off any existing debt. Which means, even as they dilute the existing shareholders into nothing, their debt level continues to rise.
In the last 10-Q, they reported interest expense of $329,443. That is about $110K PER MONTH. At the current stock price, and the terms of their toxic death spiral convertibles, they issue shares at around 50% of the lowest stock price in the last 30 days. That would be $0.0001. 50% of that would be $0.00005 per share. At their current interest expense of $110,000 per month, they would have to issue 2.2 BILLION new shares every month just to pay the interest on their current debt load. However, they can't do that, as the debt holders can't find enough stupid suckers to buy those shares from them. Which means COWI can't issue the full amount of the shares they need to just meet their interest obligations every month, so the amount of debt continues to rise even as the stock gets diluted by 5--10% every month.
This stock is a complete POS. Why anyone that doesn't have massive brain damage would buy it is beyond me.
COWI is insolvent. They have about $40 MILLION in CURRENT liabilities (most of which is PAST DUE and/or IN DEFAULT), and almost no assets whatsoever.
They own NO patents of their own.
They have no R&D of their own (they can't afford a cup of coffee, much less a lab with actual scientists doing experimental work).
Their corporate headquarters is a cut-rate private PO Box in a dingy strip mall.
And yet people somehow expect THIS company to create revolutionary technology and change the world?
Seriously?
COWI is nothing but a garden variety pump and dump designed to enrich the insiders and the toxic death spiral convertible holders. Nothing more.
Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns
https://finance.yahoo.com/news/trump-tied-spac-hits-another-190602472.html
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.
Special-purpose acquisition company Digital World Acquisition Corp. said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned. The departure puts its merger with Trump Media & Technology Group in peril.
While the US Securities and Exchange Commission doesn’t technically approve SPAC deals, it requires audited, accurate financial statements to declare such tie-ups effective. So the SPAC must find a new audit firm — fast — to close a deal that has been plagued since its inception nearly two years ago. Shares of Digital World slumped as much as 10% Wednesday.
“It is still a question about whether the deal will ever make it to the finish line,” said Jay Ritter, a finance professor at the University of Florida. “This deal has one of the biggest potential upsides of any SPAC merger, but it has been snakebit from the start.”
The SPAC merger has been the most closely-watched deal of its kind given the former president’s role, the attraction of legions of retail traders and short sellers, and the potential for Trump’s reelection. Just this Tuesday Trump was indicted in Washington on federal charges over his efforts to overturn the 2020 presidential election.
In May, Digital World revealed that it would have to restate, or redo, its 2022 financial results after errors in how it accounted for certain expenses. Marcum quit before completing that work, the company said in the filing. The SPAC blasted Marcum for not adhering to “requisite audit procedures” that would have identified the accounting errors sooner. The firm also dredged up Marcum’s recent $13 million fine to settle regulator charges that the firm had “systemic quality control failures” as it rose to become the top SPAC auditor.
Representatives for Digital World, Trump Media and Marcum didn’t respond to requests for comment.
Julian Klymochko, chief executive officer of Accelerate Financial Technologies, which has a SPAC-focused fund, said Marcum’s resignation is “highly unusual and should be disconcerting for DWAC investors.”
When a company’s auditor departs, the company must alert the market and detail whether the auditor quit or got fired, identify whether a new auditor has been hired and disclose any disagreements between the auditor and the company. Then the auditor must send a letter to the SEC saying it agreed or disagreed with the company’s disclosure. Digital World’s filing was unusual on several fronts: Marcum resigned “without any notice,” didn’t provide details for quitting, and didn’t provide a resignation letter to file with the SEC, the SPAC said in the filing.
“Whenever an accounting firm resigns, it raises a flag as to why they’re withdrawing,” said Usha Rodrigues, a professor of corporate law at the University of Georgia School of Law. “That coupled with not having an accounting firm lined up raises that flag a little higher.”
It can take companies anywhere from a few days to weeks to find a new auditor if they don’t have one already lined up. In rare cases, it can take months.
The highly anticipated SPAC deal has been littered with issues. Just last month Digital World settled SEC allegations that it filed documents that were “materially false.” The SPAC also has struggled to get its die-hard retail shareholder base to vote on key decisions.
As it stands, the takeover must be completed by the Sept. 8 deadline unless the SPAC’s sponsors can persuade investors to extend the deadline at a meeting set for Aug. 17. However, filings show Trump Media believes it could walk away next month if the merger isn’t completed, further complicating the trade for investors.
This story made headlines about a week ago, but I think it is much ado about nothing, really, since the people behind her creation do not hide the fact that she is made up by AI. It says so right in her profile.
I don't think the profile's followers much care, if at all. They are just living the fantasy anyway.
Industry Guide 7 no longer exists. It has been replaced with a much more stringent regulation that is similar to NI 43-101 with a few important differences.
But, they would have to follow NI 43-101, but now it is much easier to comply with both US and Canadian regulations at the same time with just minor tweaks to each report. No matter though. They ain't getting a Canadian listing. That is all complete BS to get people to convert their debt in this POS. There are a lot of other hoops they would have to jump through, and their history of delinquency with the SEC is a huge strike against. The Canadian Exchanges only take companies with satisfactory compliance histories, and Mexus is far from that. They also have other requirements which Mexus does not meet, and is unlikely to meet, any time soon.
Just more hot air to fool people into thinking that the "new Mexus" has a chance to go somewhere. It doesn't.
I think it is more Russian misinformation.
And many sketchy Western news sites are all too happy to believe the BS and spread it as fact.
And how is that working out for you today?
You need to pull your head out of your ass and stop listening to the people intentionally lying to you to buy their shares from them. They are pumping and dumping this worthless POS, and you are just gleefully handing over your money to them.
Find your brain and think for yourself for once.
If nothing else, it affects DWAC. How, I have no idea. The stock will probably go up again like it did after his prior indictments.
Feel free. You are obviously too foolish to pay attention to facts. But some people do actually know how to read and will pay attention and hopefully won't donate their hard earned money to Lloyd Spencer, the toxic death spiral convertible holders, and the pumpers driving this worthless pump and dump
Someone has to provide facts to counter the endless pumping from the amateurs who don't even know the difference between a 10-Q and 10-K.
Too bad. As long as COWI remains a worthless pump and dump, I will be here.
Nothing, of course.
This really seems like another case of a person discovering something for the first time, deciding it is a revelation and they have to tell the world about it because it had to be completely unknown before THEY found it.
I didn't see it, but I know of it.
Later, Stewart hosted Gary Gensler in another interview and Gensler effectively burst that bubble.
With that corrugated metal door in the background it looks like he is starring in "Storage Wars - Hillbilly edition".
I have a different opinion, because I believe the Admins intentionally mislead the users into thinking the changes would be different than they actually are.
I also have a problem with their communications with moderators, saying we need to moderate to the new rules that exist only in the Admin's heads because the handbook is "in the process of being revised". Since I can't read their minds, I have no idea what to moderate, and am not pleased for being yelled at in PM's from the Admins for trying to moderate by the rules as written and not how it exists solely in their own minds.
The Admins absolutely bear a lot of responsibility for what is occurring.
Frankly, I don't really care except that I want the powers that be at I-Hub to see how pissed off people are for themselves.
A form of Karma, if you will. I want the Admins and leaders at I-Hub to see what is happening for themselves. Since they crapped all over the users, it is only fair the users throw a little bit of that massive steaming pile right back at them.
If people don't see firsthand the results of their awful decisions, they will continue to wreak havoc until they do.
I suggest you go to the Q&A Board and register your complaints and tell them so.
"Cesspool" may be a little harsh, but whatever you call it, the changes still stink.
Yeah, as if I would pay for I-Hub. Get real.
Nope, it appears there are just a lot of other members out there laughing at your stupidity and are willing to send PM's to let you know about it.
HILARIOUS!
There are no paid bashers.
No one needs to pay someone to drive down the price of a stock like COWI. The toxic death spiral convertibles do that just fine on their own.
Which is why instead of paid bashers on these types of stocks, there ARE paid pumpers. That is proven by multiple SEC litigation actions and court documents. The toxic death spiral convertible holders hire people to pump these stocks on the boards, including I-Hub, so they can find suckers to buy the stock and allow them to dump.
COWI is very clearly a pump and dump, and I suspect there are at least 1 paid pumper active on this Board and on other similar boards on the internet trying to drive buying.
Funny, it is clear YOU care what I say.
Which is why you are trying to get me to leave this board.
BTW, I very much am an investor. Just not in toxic death spiral insolvent pump and dumps like COWI.
So how does that disqualify me from using my vast experience and financial knowledge to discuss stocks like COWI? Or are you just discriminating against me because my presentation of the FACTS will scare away investors and ruin your greater fool investing method, where you were foolish to put money into this POS, so you use the boards to entice even bigger fools to buy your stock from you?
Am I "scaring investors away" or are the FACTS about this worthless company doing that?
Why are you so threatened by the FACTS?
And why do you slobbering penny addicts automatically someone is "paid to bash" shit like COWI? Perhaps some actual level headed intelligent people with some investing experience and knowledge actually read the SEC filings, see what COWI really is, and want to spread the FACTS to others....for FREE?
There is more to life than just the blind pursuit of money.
Really? Am I coming to your house and snatching the money from your hands so you can't give it away to Lloyd Spencer and the toxic death spiral convertible holders?
Or have I even told YOU how to spend your money?
Why are you so threatened with the FACTS about this stock? Or that someone may recognize this stock is a worthless pump and dump and decide NOT to "invest" their money? Why are you so touchy about that, and that you have to try to sanitize the discussion to only fantasies about making money in this insolvent pump and dump?
Why do all the slobbering penny idiots think someone has to be posting here for money? How stupid is that?
There is much more in this world that money. Many people work 8, 10, or 12 hours a day, but not every day. And the rest of the time is their own to do what they want. Including posting here.
Actually, it is $300,000. The numbers in the financials are all in thousands.
I should have clarified, as the text I pulled out doesn't have the qualifier "(in thousands, except share and per share data)"
I believe I opened my PACER account over a decade ago, and it has been free since I started.
Of course, free is a relative term. It is free to browse the cases, and the first 300 pages of downloads in any month are free. Everything after that is $0.10 per page, maximum $3.00 per document.
As they say, the majority of their users never pay a cent as they don't go over the 300 page limit.
I suggest you read Verb's SEC filings, as the case is discussed there. The new trial date is August 28, 2023.
The Company is currently in a dispute with a former employee of its predecessor bBooth, Inc. who has interposed a breach of contract claim in which he alleges that he is entitled to approximately $300 in unpaid bonus compensation from 2015. This former employee filed his complaint in the Superior Court of California for the County of Los Angeles on November 20, 2019, styled Meyerson v. Verb Technology Company, Inc., et al. (Case No. 19STCV41816). The Company does not believe his claims have any merit as they are contradicted by documentary evidence, and barred by the applicable statute of limitations, and barred by a release executed by the former employee when the Company purchased all of his shares of stock more than 4 years ago in January 2016. On February 9, 2021, the former employee’s counsel filed a motion for summary judgment, or in the alternative, summary adjudication against the Company. On October 13, 2021, the court issued an order (i) denying the former employee’s motion for summary judgment, (ii) partly granting the former employee’s motion for summary adjudication, and (iii) partly denying the former employee’s motion for summary adjudication. The court has set a trial date of June 27, 2022. The Company believes that the resolution of this matter will have no material effect on the Company or its operations.
Hey, if you want to discuss actual FACTS, I am your man.
But if you just wanted your ego stroked and swap fantasies about how Mexus is going to make you rich, try someone else.
I think the people that stole all your investment are still willing to talk about what you want to hear. Just sidle up and throw more money into this POS and they will give you exactly what you want.
PACER is free, so there is absolutely no reason why you shouldn't have a subscription.
But PACER is only for Federal Courts. This case was filed in Los Angeles County Superior Court. You will have to go LA County Courts through the State of California Court portal.
https://www.courts.ca.gov/
That's the problem with slobbering idiot penny stock players like you. You think everything has to be about money, all the time.
It doesn't. Somethings in life really are free.
Nah, these facts are free.
That is exactly what you should have told yourself BEFORE you bought into this shitshow and had your money stolen by PT, Deb, and Don Phillips. .
Doesn't that tell you something?
Think about it.
So where is the 10-K then?
In the late notice filing with the SEC, Mexus claimed they would file it within the prescribed extra 15 days.
It didn't.
So where is the 10-K?