Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
KHGT doing all the right moves.Gets experienced IR guy running things,best skill to have for sub penny stock. Starts adding projects, and gets experienced guys involved. KHGT certainly didnt spend money getting updated on pink sheets for no reason !
IMO will be great stock to trade + accumulate but will be volatile. Not for the faint of heart !
agree probably a sure bet compared to penny miners, though the sheer leverage of penny miners always fun !
Blue chip silver stock paying over 4% dividend, what more woudl a medium or long term investor want !
Looking Good Company has updated its pink sheet filings, and has CEO with lots of IR experience. This effort and expense certainly bodes well that in upcoming months there should be more trading, but will probably be up and down a lot.
Another reverse seems a foregone conclusion- but how much longer can the company keep afloat ? Will convertible debt holders still keep funding ? When will SEC engineering office finally get around to this company ?
Who nows what he just be thinking. I agree first up is when he does next reverse.of coruse no income, only true believers thought there was any possibly of income by August this year, and when CFO released info for "research" report, it confirmed common sense no revenue this year.
Next 10q should be quite interesting.I still wonder why no 8k is filed when new convertible debt taken on ??
Well Company seems very quiet these days, wonder what the CFO is thinking of.Has anyone talked to CFO recently ?
Then how would he step aside ? If he just resigns with no replacement, then he would just compound his problems.
Yes there is some value of having a symbol, and no DTC chill,but not much. Someone stepping in would need to get unaudited financials prepared later to be amended for proper footnotes after review of crazy deals BTDG has done- and decide whether maintaining Pink Sheet current staus makes sense.
Whether CEO stays or not, there is no future for this company unless financials properly prepared, a massive reverse is done, and company would just need to start fresh.
Anyway from here the only curious issue is those who promote the stock ,trying to get some rational basis from them. As far as CEO he has suffered and I hope this opens a new chapter in his life and he does business different in the future. He really doesnt seem to have known much better and has been in over his head for many years. I mean really , the absurd press releases even any scam artist would have stopped putting out. Guy just in over his head- it has been quite clearly determined he claims fake academic degrees,yet he continues to show on his website last time I looked.He obviously doesnt understand the first thing about financial statements.I wish him a new life, and find anyone to take his place. No one could do worse.
Well, next question is : Is there anyone willing to step in as CEO of this enterprise ? Anyone stepping in would need to (a) have funds to pay for pinksheet filings (b) funds to pay costs related to a reverse split ? (c) some basic funds even for unaudited financial statements.(d) share incentive.(e)control of board.(f)means to update website.
So someone would need to have say $5,000 to $10,000.Shares no imemdiate incentive at present. Probably several months to review all crazy deals BTDG has signed to get proper disclosures etc.
So :
1. Who would CEO turn company over to, and who would take such a position ?
2. In absence of a candidate , why would CEO step down and face perhaps more legal problems if company just disappears ?
Any candidates to propose ??
I agree a felony convinction precludes any serious future for this company if it had any. And makes one seriously question those who keep promoting this stock. But to be realistic, who would step into this situation ?
Yes the dollar will fall but treasury department has been successful in navigating through this difficult situation.My own belief is that the dolalr as well as the country is in for a long decline - eventualt the metal prcies will reflect this. Solid companies like Heclawill weather the storm and prosper, just time to be a patient. Hard to imagine this wont be a $8 to $12 stock in the medium term.
When will you face reality ? Why do you keep promoting this stock with no objective reason ?
1. The company's track record is not only abysmal but non-existent : no sales,no revenue, evidently no real expenses,incorrect financial statements,and a track record last few years of not delivering anything they announce So please do tell us why anyone would promote this stock as you and Kazorchian do ? Fake degrees claimed ? With all due respect can you piint out 1 single obejctive reason that leads to conclusion there is any future for this company ?
2. I do not wish ill upon anyone but the conviction for a felony obviously reduces CEO's ability to ever seriously build and finance this company.Maybe CEO acted out of desperation and can now start a new life. A good start would be stop claiming fake degrees, and hand over the company.
3. The only thing the company has is a stock symbol and evidently no DTC chill. To reap any benefit it needs a (a) reverse split (b) change in officers and directors. Maybe CEO stays on performing areas he has expertise and experience in, but for his own good he should realize he wont get any where doing this- the track record shows this clearly.
To be charitable if CEO made mistakes because of desperation, he can now begin a new life as his old life certainly didnt lead to a positive result. I hope CEO sees the light for his own benefit, and the company.
The reality is with no bid and a .0001 asking price there is almost no broker in the united states who could accept certificates of this company at a retail level ( I know of only three, and only 1 says they might accept). At the institutional level there may be a few but not enough volume for them to justify.
Without two market makers to establish a bid price, hard to see in any case who would buy the stock.
Whatever is going on certainly the company cannot raise capital nor can officers make anything off this stock, which certainly makes one wonder what they are thinking.
The company has to do a reverse but probably doesnt have money for the fees to do so.
As an officer and director of a public company CFO should file a form 4 on all acquisitions and sales, as well as for indirect holdings. I have long wondered whether they feel that S8 filings negate those type of filings.
The 5% rules on reporting trades, and the 10% rules that kick in control person disclosure, are also applicable.
Exactly my point, and situation is worse probably because for a promotional company to not conduct any sampling at all implies they probaly dont even have access underground to most of these properties that supposedly they control.
As far as reporting values of contained metal underground 1manband's prior posts cover this quite well.
What is amazing about this company is
1.CEO continues to put out press releases about deals that never occur and dont result in any stock volume to speak f, why ? I maintain that the CEO with the fake degee simply has no otehr idea what to do so keeps doing the same. He really should put someone else in charge, do a massive reverse, and concentrate on whatever his expertise is.
2. Financial statements are so inaccurate why cant CEO but a acounting 101 book ?
3. How can people post positive comments without providing 1 single success of this company or objective indicator things will turn around ? How can they morally justify possibly enticing unsuspecting investors into this stock ?
The CEO evidently does know something about cable, and while his disclosures are incorrect and misleading , and financials totally absurd, he does seem to be able to keep posting to otcmarkets.com
Time for a reverse split before company is completely de listed. They oviously dont have a second market maker judging from lack of a bid, if they lose that on the ask too then all over.
It is exceedingly curious a junior "exploration" company that never has sampling results while simultaneously releasing reports stating hundreds of millions of dollars in metal values. It is also curious how people can predict no reverses, production by September this year,when everything points to no production by this company from this mill, and continued reverses until the company ceases trading one day.
Wait for the 10q someone posted, for what ? If a material event needs to be reported within 4 days on an 8k, including signficant convertibles taken on.
If there is any objective reason to believe the stock price will not continue trending year after year downwards I am sure everyone would like to know it !
I know a challenging funding environment for junior companies the past two years, but this is ridiculous !
At what price will the next reverse happen ? Will it need to be at .0001 or .0005 ? When do people predict next reverse will be ?
For all those who were predicting month ater month they would be in production this year, do you now believe they can raise the money and be in production 2 years from now ? On what basis ?
Well they dont have any samples to deal with evidently !
How can they own part of another company, presumably for share issuance, and that not be accounted for on their financials ?
Is there anything that shows this company has the slightest chance of succes ? Education ? No , fake degrees. Track record in sales,profits or cash flow ? No .Track record in announcing deals then executing them ? No.
I am just being objective,please indicate one single succes the past years. Just 1.
Remember the CEO states he has an MBA, which is a fake, and an undergraduate degree which is also apparently fake. The accounting is atrocious as it doesnt make any sense.Just look at the equity accounts, accounts that are clearly not GAAP but apparently he shoves stuff there to try to make books balance. The sad thing is anyone with even a smattering of accounting knowledge wouldnt end up with a negative asset.Also when acquisitions are made and goodwill certainly present, then there is an impairment charge which we also dont see
Sorry you are wrong, you cnat have a net credit balance on an asset because in that instance it has to be written off. I have never seen any company private or public with a total of negative assets.Probably they keep depreciating assets that were already depreciated but have forgotten. Pretty sloppy
The company has to disclose such a transction on its financial statements pure and simple if only in the footonotes.
I am curious what indicates this would be a bottom, as I have the opposite opinion
1. Has the company shown evidence it can replace the convertible debt financing ?
2. Is there some reason the existing convertible note holders will not sell at their earliest opportunity ?
4. Has management shown any change in busienss or marketing strategy that has any chance of delivering long .medium or even short term gains ?
You did post share letter of intent agreement but unlike every other share purchase agreement I have ever seen it doesnt really define what is being purchased, and there is no investment on the balance sheet.
But lo and behold there is a notation in the filings that some shares were issued relate dto hip hop netwrok, but the offsetting entry not clear from the financials.
This company is a real mess. The very fact that almost any transaction lacks transparency or is explained in such a convuluted manner shows how much is out of kilter here.
Can you or anyone explain how they can have negative assets ?
Or how the company keeps issuing shares to acquire "businesses" that dont generate sales or profits let alone even expenses or assets acquired. If they issue shares for a business, and the value exceeds the assets there is goodwill- and then that must be tested for impairment Pretty basic accounting 101. Eeven if they cant afford a CPA, whomever doing the books coudl at least acquire an accounting text book for basic accounting convention.
hotel movie network, gold mines, mortgage lead generation business, commission deals, hip hop deals, the list is never ending it seems, mergers and whatever else they have annoucned past 3 years.
how can someone even with a fake MBA not understand even the most basic double entry bookeeping of a modern company ?
It is entirely unclear from both filings whethere the ownership interest was actually acquired, and the financial statements dont show such an investment. If the transaction was executed, then this is yet another proof that the financial statements are not prepared correctly Also note that the agreement doesnt even define whether hip hop interest etc is of a corporation,LLC or partnership or even joint ventue. Since CEO has a fake MBA I guess he cant be blamed for not including key information in a contract.
It remains entirely unclear how anyone can promote this stock based on any fact or any probability that is apparent. Every time something is mentioned, by looking at even the company's own filed documents, it is shown that at best these documents are prepared by someone without real business experience and nothing ever results. I asked repeatedly for one, just one single indication of potential success of this company, and no one is able to provide.
I am unsure why anyone would have the slightest bit of confidence in the management of this company. The best thing they could do is a massive reverse, and step aside for someone to try a new concept before the company stops trading. I dont blame CEO, for someone with no training or experience, and who believes he has acquired a mortgage lead generation business absent any indication such a business even exists, he obviously is unable to ascertain what is real and what is fantasy.
the first link talks about an agreement to do something, it doesnt say it was done. second there is no notation on the "financial statements" that BTDG has received shares of the hip hop company.so your link shows even by company words that they didnt receive the ownership interest as far as i can see.
i will look at second link now
Yes my opinion remains the same that there will be another reverse, and the support I have is the same.
The company has conducted business in a certain way the last few years in terms of financing, marketing, etc and that has lead to 2 reverse splits. Since nothing has changed, my opinion is there will be another reverse split again.
The logic you use for stating that the "facts" dont support a reverse, could also have been made after the last reverse split. Simply put look at the last 10q, look at the covertible debt outstanding then (and accounts payable), and one can project at these prices an increase in outstanding shares throughout the year as conversions made. As far as new financing, it seems to me if it comes it would be also in form of convertible debt.
Another reverse to me is probable based on how this company finances and promoets itself. Is there any indication they can financing without huge discounts ? No. Is there any probability they can fund themselves through cahs flow ? Even the company doesnt project this happening at best in 2 yearsm and then after raising $11 million !
Yes my opinion is they wil do another reverse as nothing has changed in how the company operates. I recall last time I predicted another reverse that people were posting how outraegous that opinion was, and some even that the company would be producing by September.I guess I dont understand how anyone could think doing the same thing over and over would end up with a different result
Actually I think we are in agreement- note I used the word "IF" there was a refund. I highly doubt there will be a refund of the whole amount, if at all. Simply the bond was posted for rehabilitation, and therefore why would it be refunded unless all rehabilitation it secured was done? I wasnt definitive on whether
there would be any refund as I simply dont know the extent of any rehabilitation done,
- but I will note over time these type of costs tend to increase.
Actually I think we are in agreement- note I used the word "IF" there was a refund. I highly doubt there will be a refund of the whole amount, if at all. Simply the bond was posted for rehabilitation, and therefore why would it be refunded unless all rehabilitation it secured was done? I wasnt definitive on whether
there would be any refund as I simply dont know the extent of any rehabilitation done,
- but I will note over time these type of costs tend to increase.
Maybe another approach is to imagine what a potential investor contacted by CFO would see-
1. Any investor would want a severe discount because of risk, and because of existing converibles.
2. Any investor would see a company that has a track record of (a)not meeting projections (b) risky press releases that as 1manband has pointed out bear a strong risk of the SEC engineering office at a minimum requiring re-stated 10q and 10k filings let alone the website (c) an investor relations program that has not been successful.
3. A track record extending now over several years of a declining stock price.
4. business plan based on securing mill feed but with no ascertainable mill feed absent a huge capital investment for a company this size, i.e. they have a marketing plan based on being a near term producer but with no ore to speak of.
I cant imagine any financing becoming available that wasnt toxic, nor the amounts needed for their business plan to be even remotely available.
I highly doubt that BTDG actually owns any shares of the hip hop venture, that is why I asked the question where does it state that. As far as financials since they are prepared by someone with no accounting knowledge, I doubt they would show up there. If BTDG owns shares of the hip hop network at least there should be a reference to that in their pink sheet financials somewhere
Look at the claimed mortgage lead generation business they issued shares for- there has been no mention of even $10 revenue from this business.
What other funding could be available to this company than convertible debt financing ? And they already per the last filing still had a fair amount on the books.
You are probably right that they should realize their business plan and its implementation have failed, but I have yet to see any evidence of a change in how the company is operated.
No private equity investor would touch this with the existing convertibles out there, and no conventional debt provider would loan to this company, and there is no cash flow in the forseeable future.
can you point us exactly where and how BTDG supposedly received shares in that company ?
Good points and we agree on the reverse this year.
As far as company closing I based that opinion on (a) there will be increasing legal costs as SEC engineering office eventually catches up with their "disclosures" (b) convertible note holders will start drying up at some point hence company will slowly run out of funds to operate
If there is a refund on the bond that might breath some life into the corpse, but simply I cant imagine under current management a viable business plan emerging- they have had some time to do so and we have seen results.
As far as IRS, depends on how they have structured compensation and whether they have validly witheld proper taxes and or issued 1099's correctly. The IRS does not accept discounts on restricted stock, and many small companies run afoul of this ( IRS only excepts fair market value and absent a valuation opinion, that means the market bid at time of issuance).
I still think company wil eventually de-register then disappear, as I cant imagine this convertible financing going on forever.
My take is simply all the factors I listed that caused the prior 2 reverse splits are still in place, so there is no reason I can see that would indicate there wont be another reverse split this year. Just depends how fast the outstanding share count goes up, or the price declines.
Perhaps timing can be ascertained by looking at when their quarterly filings due, for which they wil need hard cash to pay most professional servcie advisors- thus their method of financing and marketing the company wil cause constant dilution. If they could have raised funds after a reverse split with less of a discount they would have done so before.
Anyone indicating their one be another reverse this year I would think could only support such a forecast by indicating what has changed in the factors Ilisted, Nothing has changed as far as I can see
IMO another reverse is coming by the end of this calendar year.Maybe I am off a month or two, or maybe they will close before another reverse.
Of course there will be another reverse !
Let's be objective-
1. same management
2. same investors relations approach that hasnt worked.
3. even die hard believers i think now recognize this mill not going into operation within the next few years.
4. same method of financing that continually dilutes shareholders faster than management can generate buyers- and no prospect of alternative financing under any conceivable scenario.
are any of these 4 points even debatable at this point ?
5. SEC engineering office in all probability will lower the boom on their disclosures and require amended 10q and 10k's as well as the website- so even die hard believers will see what 1manband and others have pointed out is a series of flaws in how this company promotes itself
what has changed to indicate no reverse split will occur ? only issue as with last reverse is when , i.e at 500 million shares or a billion shares for example ?
the sad thing is the CFO surely recognzies all of this, so his credibility is shot , another factor pointing to an eventual disappearance of the company.
I do not know about any petition but as I mentioned before it is quite clear from their filings that they have a judgment against them for $300,000 + that has been winding its way through the courts, maybe it concerns that.
Could become quite interesting- since CFO has a lien against the mill, I would think the creditors attorney could tie CFO and company up in nots explaining that one.
In any case this company will have quite a bit of legal fees this year IMO.
Most likely company will sometime this year start to file late filing notices as professional service advisors start cranking up their fees or the company has less funds to pay on time.
Not a pretty picture a company falling, nor of a CFO who seems somehwat clueless that his grand scheme is starting to unravel.
a blue chip by a team who from the beginning have defined a clear strategy, and executed a plan to achieve that strategy.this should be a case study for every business school.
if you look at mining stocks the past 18 months all have declined, some more than others. best time to start accumulating is now.
Great summary, certainly highlights the grim picture the company presents.
I have commented before ( and 1mandband superbly) how ridiculous the press releases have been for this company, and how one of these days they will be a quite serious comment letter from the SEC engineering office.
The other indicator of how incredibly inept this group is, and how even at promotion they know little, is how little real news has been generated. IF a qualified SME member could quote such resources based on old data, and IF these properties were even remotely viable, isnt in strange how in all these months they couldnt access any area and do channel sampling for example?
So not only do they present the company in a misleading fashion, it doesnt even work in the first place their silly version of promotion.
I stick by my prediction that eventually the company will just de-register as CFO will not want to deal with the aftermath of all the events he has managed the past few years. Even the convertible guys will eventually run for the hills.
What a farce- I tried to think of any conceivable means by which this company could turnaround, and I cant think of any way on this green earth that this CFO can get that mill up and running with steady mill feed at any time in any future scenario.I mean really, who in their right mind would give them $3 million to rehabilitate the mill let alone the $11 million to fulfill their "plan".
However it remains an intellectual curiosity to wait with bated breath the next press release !
Please let be objective. can you provide 1 single thing that has been a success at this company the past 3 years ? Or anything that has resulted in any sales at all let alone profits ? How can a company with no capital achieve anything ?
The only chance is a massive reverse, and a new team that has a concept that can be financed to step in.
If you believe this is incorrect please oh please just provdie one objective bit of support for a positive future for this company. Anything that has been executed - gold mines, mortgage lead generation,HIP HOP, cable media, etc etc.