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The 10-Q was due YESTERDAY. COWI can't do anything right, can they?
I wonder what the problem is this time? Could they not fit their entire accounting and management staff inside their private PO Box of a head office?
I love how they don't actually name any of the firms purportedly involved in their "investigation". Because, you know, who would want to independently verify their statement and investigation?
Now that it is automatically a formal investigation by the SEC, the subpoenas are gonna be a flying. Let's see which "Top 10 U.S. Law Firm" is named.
Hindenburg isn't shorting the market, just individual lying garbage. And anyway, the broader market is being led by only a handful of large stocks. Take out that handful and the markets overall are down significantly.
I don't know how much money Hindenburg spends on their research, but it is not an insignificant sum. And I am sure that for each stock they publish a report on, they have 2 others they spend money on but don't publish, or even short.
Tingo issued their (fake) 3rd quarter "earnings" this morning. The claims have always been outrageously hilarious, but even more so with the SEC suspension.
https://www.globenewswire.com/news-release/2023/11/14/2779924/0/en/Tingo-Group-Inc-Reports-Third-Quarter-2023-Financial-Results.html
I wonder if management had the conference call this morning as scheduled? If they did, it would have been a real hoot, and I am sure it would have been packed with representatives of the SEC and various international law enforcement agencies. If it was held, the replay should now be available at 1-844-512-2921, if anyone wants to try it out.
You are, again, wrong.
Mexus remains an SEC registrant. Even if they are severely delinquent in their obligations. As a registrant, they are legally obligated to tell you everything.
Period.
They are dead. Nothing is being worked on.
They ARE pumping the stock. Many places online. But some are not easily visible, like Discord, or DM's.
The recent posts HERE about this stock are also quite obvious pumping.
This is a pump and dump to allow the toxic death spiral convertible holders to dump their shares on foolish and ignorant investors who think there is something here.
There isn't.
The toxic death spiral holders hire people to pump the stock on social media. THAT is the only "eyes" coming in here.
I think Mexus is more like Elvis.
Clearly dead, not coming back. But people are not only still nostalgic about when he was alive, they continue to believe he is coming back.
And in the meantime, they spend lots of money on related things with no return and gather with other fans to talk about both the gold ol days and how amazing it will be when Elvis reveals himself as alive. And all that crap they spent money on will then be worth MILLIONS!
Mexus is STILL grossly overvalued.
It's true and fundamental value is zero.
Wow, check out that volume today! 28 cents worth! I guess someone has been rummaging around their couch or under their driver's seat in their car and just had to spend what they found!
COWI is an insolvent pump and dump. They are running out of new suckers who buy their BS, so volume is almost non-existent.
What is so surprising about WeWork is that it was once valued at $47 billion, yet they were not doing anything that had not already been done (and better). Co-Working spaces were a thing long before WeWork came along. Regus pioneered that market and is still out there doing it better than WeWork. They not only didn't invent the wheel, they didn't even design a better wheel than what was already out there. They just threw some glitter on it and packaged it up in a sexy manner that never worked as a business.
Failure under their business model was inevitable. I am also skeptical that a reorganized WeWork will be able to survive, much less thrive, long-term.
.
Yes, he may have been legit, but the vast majority of annuities are not. 99% of the time they are HORRIBLE investments and no one should "invest" in one. The 1% that may benefit from one usually won't, because the fees are so damn high on the majority of them, which is why so many advisors (many of them completely unqualified, BTW) are out there trying to sell them.
In a word, they suck.
If anyone gets an invitation or solicitation for an annuity seminar, run away as fast as you can.
WeWork goes bankrupt after PR hoax on Friday.
WeWork filed for bankruptcy this afternoon, which isn't really a surprise to most people. Except that last week a fake PR was issued through BusinessWire which pumped the stock up and obviously allowed the issuer to dump stock before today's filing.
The fake PR was purportedly from Cole Capital, which is a real fund manager in Phoenix. The fake release claimed Cole was making a tender offer for 51% of the stock held by the non-majority holder at $9 per share in cash. The stock was trading for $1.11 at the time. The stock soared in response, both in regular trading and in the after-market.
Eventually BusinessWire issued a KILL notice for the release. But, it is still available in a few places.
A copy of the fake PR - https://www.benzinga.com/pressreleases/23/11/b35603245/a-proposal-by-cole-capital-funds-seeks-to-acquire-51-of-all-minority-ownership-shares-of-wework-in
The KILL notice - https://www.morningstar.com/news/business-wire/20231103762883/a-proposal-by-cole-capital-funds-seeks-to-acquire-51-of-all-minority-ownership-shares-of-wework-inc-for-900-per-share-in-cash
The stock was halted today for "pending news", but I wonder if the halt was less about the bankruptcy and more about the fake PR.
You need to know about "all that shit", as that is what is destroying this company and guaranteeing it will have no value soon.
Fundamentals matter. Even professional chartists pay attention to basic fundamentals.
The charting is complete BS.
COWI is an insolvent pump and dump. That volume came from the toxic death spiral convertible holders dumping shares on idiots who can't read SEC filings and/or think charting has any value whatsoever.
Last week's trades down at 0.000001 means that the toxic convertible holders can now convert their shares at prices down to 35% of the lowest trading price, or $0.0000035 per share. Obviously they will take any price they can get above that, as long as they can find suckers to buy this worthless POS.
There is no rally is this stock. Just more converting and dumping from the toxic death spiral convertible holders who have a virtually unlimited number of shares to dump here.
Charting and technical analysis on an insolvent penny stock.
Hilarious!
The last ditch attempt to convince people this is a "good stock". The fundamentals are perhaps the WORST possible, so deflect from the facts and instead try to fool people with the BS that is technical analysis.
It is almost as if someone is shilling for the toxic death spiral convertible holders, trying to convince enough idiots to buy their heavily discounted shares before this complete collapses. AGAIN.
I had to hold my nose to keep from gagging just reading that article.
Prosecutors treat financial crime FAR too leniently. Even prison time doesn't deter, or even stop, this scum. But at least it slows them down a bit.
I am quite sure I know which brokerage firm ("Brokerage A" in the SEC complaint) was the one they were ripping off.
It is Robinhood.
Robinhood not only grants instant credit to new accounts, but also allows them to trade options without any requirements for being a sophisticated and experienced investor with minimum net worth that FINRA is supposed to require and most every other brokerage follows.
It seems to be confirmed as in the Complaint the SEC references a "gold" status of an account, which is a Robinhood account type.
I am gobsmacked that Robinhood not only did not detect this scheme almost instantly, but that they didn't identify an issue with the massive prices for the out of the money options being traded twice in one day. Most brokerages would identify that issue as soon as the first leg of the trade was finished and flag the account.
This demonstrates again Robinhood's complete internal control and compliance failures. Frankly, FINRA and the SEC should have thrown them out of the business a long time ago.
What part of they don't qualify do you not understand?
To even apply for an exchange, they have to be current with all reporting. But even if Mexus does catch up, they still are a LONG way from qualifying for any Exchange on pretty much every standard. They don't meet ANY of the requirements.
Mexus is a joke. The claims about looking at an Exchange listing were a complete fantasy. They said it to fool idiots who don't know any better and who might think it had a kernel of truth.
It didn't. It was complete BS the second they said it.
Huge amounts of toxic death spiral convertibles have that effect.
The stock is nothing but a pump and dump. The toxic lenders are known to hire people to secretly pump stocks on social media to drive buying the toxic lenders can dump into.
I have no doubt that is happening with this stock.
Really? You can't recognize that it doesn't matter at all what COWI says or does anymore because the ONLY things that matters are the insolvency and the toxic death spirals?
Once a company issues the toxic death spiral convertibles, it is OVER. From that point forward, the stock is doomed to fail. Period. Guys like Lloyd can make up as much BS to fool ignorant investors into buying the shares insiders and the toxic funders are dumping, but it really has zero bearing on the company or their ultimate fate. None.
COWI is an insolvent pump and dump that will die due to the massive amount of toxic death spiral convertibles they have issued that is the source of all this dumping. Today's billion share day doesn't even make a dent in their outstanding debt load. It is going to sink and kill the company. It is not a question of if, but when.
It is shocking how many investors refuse to believe the facts.
COWI is an insolvent pump and dump. Period. The massive amount of toxic death spiral convertibles they have issued will KILL the company. It isn't a question of if, but when. That is why they are called "toxic" - they kill every company that issues them.
Lloyd's latest pump of COWI seems to be running out of steam. Considering this is his FOURTH pump and dump of broke and insolvent COWI, it is not really a surprise.
How long until Lloyd goes back into hiding and COWI goes dark again, waiting for people to forget until he cooks up some new story and uses that to pump COWI for a FIFTH time? Not long, it seems.
Dumpathon! The stock has broken $0.0001, as the toxic death spiral picks up steam.
Looks like they are running out of buyers for this garbage.
Yes, it is dumb. VERY DUMB. Why? Because there was ZERO chance of you making money on the deal.
You would have done better buying lottery tickets, as that money actually goes someplace useful. Or you could have lit it on fire and gotten some light and heat out of it.
15 years is right up there with the longest bankruptcy cases of public companies. Comdisco was also 15 years, but was much less detailed than Lehman.
Bankruptcy is expensive. The longer it drags, the less creditors get - by a lot. But the lawyers get paid either way.
People are buying because:
1. They don't read the facts in the SEC/bankruptcy filings; or
2. They believe in foolish and impossible conspiracy theories like naked shorts, MOASS, or this is all a trick to deprive shareholders of their portion of the massive hidden value in the company; or
3. They know the stock is being cancelled, but they think they can fool other people into buying by pumping the stock so they can dump their shares on them at higher prices before the cancelation; or
3. Some people are just stupid.
I guarantee it is one (or more than one) of those 4 for every single person that is buying now.
The stock WILL be cancelled, and anyone holding shares at that time WILL lose 100% of their investment.
Guaranteed..
You keep characterizing COWI as a "penny stock". Being a penny stock doesn't make them a POS. It is everything else they do.
The vast majority of penny stocks don't have toxic death spiral convertibles outstanding.
COWI does.
COWI is also highly insolvent. They can't pay their bills.
Calling COWI a "penny stock" is insulting to actual, REAL companies.
COWI is a pump and dump. PERIOD. The fact that they are a penny stock is immaterial.
Hilarious! 50 million shares doesn't even cover the number of shares COWI has to issue to cover TODAY'S interest on their debt!
That requires about 80 million shares every weekday!
So, even if every single share traded today was issued by COWI to cover today's interest, they are still almost 30 million shares short of breaking even!
COWI is nothing but an insolvent pump and dump. And the amount of debt grows every single day due to their unpaid interest.
The hole just keeps on getting deeper and deeper and deeper.
It might, but the stock jumped like that each day before its recent big drops, too.
1 step up, 2 (or 3) steps down.
Since the stock was trading at about 80 cents the day before the bankruptcy, I think it has to get close to, if not surpass, the pre-bankruptcy price to be considered a Meme bankruptcy play, IMO.
Again, that is BS. Why do people listen to idiots on the internet who have NO actual experience or knowledge of the financial markets? They read one random fact and extrapolate it to the infinite degree.
Dunning-Kruger is alive and well.
Short positions are not determined on where the stock is held. That is one of the most stupid things I have ever heard.
It is nice to see that RADCQ has not, and is unlikely to ever, be a Meme stock. The difference between this one and so many other bankrupt companies that end up with foolish and ignorant shareholders holding the bag is that Rite-Aid made it clear at the time of the bankruptcy that existing equity would be wiped out. No hope of recovery. That has taken away the ability of the shameless pumpers to claim shareholders not only won't lose their money, but get rich in the process.
Of course, someone is buying those shares being dumped. There are always some who don't read and don't listen to facts, but clearly they are in the minority for RADCQ. The stock only traded 11 million shares today, probably because there are so few buyers.
That story is complete BS.
One more time, the writer of that is a know-nothing stock promoter. NOTHING in that story is factual in any way.
For the toxic loans, many, if not MOST, of the companies accept it willingly because they know the company has an incurable disease and is already going to die. So, management takes the toxic loans to enrich themselves (at the expense of their shareholders and the investing public) as much as they can before the company terminates. It is all about getting as much as they can for themselves at any cost.
The management of the toxic borrowers are in on it from Day 1.
Past performance DOES affect the future, especially when the past performance piled on tens of millions of dollars unpaid liabilities, including the toxic death spiral convertibles that have POISENED and will KILL this stock, in time.
They just can't wipe away their mistakes. They continue on and ensures COWI will not succeed.
There is no chance that COWI will survive. NONE.
Anyone dumb enough to have not read the SEC filings (or even worse, ignored them) will lose 100% of their investment here.
COWI never had any chance of success. It always has been nothing but a pump and dump designed to take shareholder's money and transfer it into the pockets of the insiders and the toxic funders.
That was 3 pump and dumps ago!
Lloyd Spencer will latch on to any story he thinks people will buy so he and the toxic death spiral convertible holders can dump.
How long before the current business de jour disappears and COWI goes dark again? Or has that already happened?
How is the spin-off in the 3rd quarter doing?
Today's volume IS NOT ENOUGH to even keep COWI treading water.
Last quarter, COWI's interest expense on their toxic death spiral convertibles was $333,794. That is interest of $3,668 per day, every day (including holidays and weekends). Just to cover the interest costs, at the average conversion terms in each of the toxic notes, COWI would have to issue about 60 MILLION shares a DAY (again, including holidays and weekends), or about 84 MILLION shares every trading day.
Even if we assume every single share traded today was issued to the toxic death spiral convertible holders for interest, it would still only cover 1/4 of today's interest expense.
Let that fact sink in.
And, since COWI can't cover even 1/4 of their daily interest costs, the other 3/4 gets added to the pile, which itself racks up MORE interest.
And because they can't cover their interest, they can reduce any of their tens of millions in total liabilities, including the convertible debt.
COWI's debt hole gets deeper day by day, hour by hour, minute by minute.
COWI really is nothing but an insolvent pump and dump.
Hey, how is that Q3 spin-off coming?
Yes, he is. Oilprice.com is neither a reputable nor factual website.
What he did it take a little nugget (which may or may not be factual to begin with) and blew it up into something ridiculous to "prove" his thesis. On a factual basis, it doesn't prove anything except that he is pushing a lie.
Why, because she is providing FACTS that disprove your ridiculous nonsense?
That somehow makes her "rude"?
Sure.