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Anyone knows what % of the company the CEO currently owns?
I would guess after all the dilution under 1%.So why should he care anymore?
Possibly voluntarily to avoid paying the loan or postponing it by sending it to the courts.Which court and where good luck to OsloBors in figuring it out and if it is worth the effort and money.
Dis you see this in one of their filings or somewhere else?
The most amazing thing about this stock is that there has been so much buying before going to 0.0001.
Thought 0.0001 would have happened much,much earlier.
But I think that 14Billion is too optimistic on behalf of Henry.He will never be able to sell so much stock even at the minimum price.
So about 3M dilution.Very small as they have Tweeted.Would be good to know if it came from conversions.
Now I see their Tweets again they actually do not claim that they retired the Dec 21 ‘13 ‘Easton Note’ with cash.
So it was basically through GPL and just $424 with cash.
I was confused because I think the filings of the company are conflicting.
I will have another go.
With the disclosure (which they amended yesterday) of
2/19/2019 they said they issued stock to GPL to pay the Easton Note.
Now they are saying they never paid GPL with stock for the Easton Note, but as the company Tweeted they have paid it with cash.
So if that is the case the company issued shares to GPL for other reasons which they must tell us.Yes it was 77M for very little money.
Yes.From their latest Tweeter reply they obviously paid that note and might file something more later if in fact needed.
The note missing from the Disclosure Statement 2/19/2019 is the October'14 Note.The Dec'13 Note is only mentioned in the Quarterly Report also filed on 2/19/2019.So don't they have to file an amendment to the 10-Q report in order to confirm the retirement of the Dec'13 Note?
However I guess that the amendment confirms that they retired the remaining $424 of that October'14 Note.
I don't know how relevant is the Tweet saying "The amendment also signifies complete retirement of DEC'13 note".Today's amendment does not do that does it?
Sorry my mistake.Was looking at a different note.Was comparing with the amendment for the latest financials.
I know even the filing action is something.
They also Tweeted about the March'14 Note.However cannot find such a note in their amendment but yes it is in older filings.
Are they celebrating about paying $424?
No mention of PLFX buyout price.
Iosoft website updated by saying they deuce mail costs now as well, not just print costs by 60%.
https://www.iosoftinc.com/
CleverGuides mentioned here in the SoftBank website.
https://www.softbankrobotics.com/emea/en/partner/cleverguides-gmbh
Are those companies they mention as clients like BMW,NESTLE,BAYER,PFIZER and VISA indeed customers?
BlocPal making deals and moving towards a listing in Canada.
Don't understand why Melios doesn't seem to care about this.
Some who presented
http://www.noblelinx.com/presenters_schedule.php
are not here
http://noble.mediasite.com/mediasite/Catalog/catalogs/noblecon-2019
Would be nice to hear what they said about PLFX.
So in the end did they go to present in Florida or not?
Can’t find the video.
The Iosoft website updated with new photos.Not sure about something else except what they advertise in their home page:Reduce Provider Print Cost By 60%
https://www.iosoftinc.com/
I cannot find where it says 9 Dec becoming unrestricted or 6 months after they were issued on 6 June.
Can you please point it out in their filings?
Not just that.They misled investors that they had sold 20Million shares @0.01 in February.
Now they have withdrawn that.Still cannot understand how they can claim for months that they sold 20Million shares receiving $200,000 and then say that they neither received the money nor issued those shares!!!!
At least they should go back and withdraw those filings too.
Northbridge got shares very cheaply @0.0056 in January, and then 40M basically for free destroying the share price in June.Where did you find that information?
Then on page F-11 it says this:
As of June 31, 2018, the Company had 276,825,419 shares of common stock issued and outstanding
So how is this number possible knowing in their following filings that they issued the 40,000,000 shares on June 9?
I'm afraid that as long as they don't change this:
Common Stock, 750,000,000shares authorized, with a par value of $0.001;
276,825,419 and 165,524,820 shares issued and outstanding as of
May 31, 2018 and August 31, 2017 (Note 7),
https://backend.otcmarkets.com/otcapi/company/financial-report/197924/content
saying that they issued 40,000,000 shares in June 2018, cannot be accepted by the OTC or the SEC or whoever might be checking their filings.It is either/or.Both cannot be right.
Still cannot see how they can get out of the mess of saying that they had 20million fewer shares for 4-5 months, when it was a FACT that can be verified by their transfer agent that that was not the case.
You say in your current filings that you had 256,000,000 shares when the OTC can verify that it was actually 276,000,000 from February 2018 to June 2018.
Now they are saying the last 70million shares issued are restricted or were restricted at the time issued.
Can't be restricted still.Could not explain the situation over the last few months.
They are re-filing some reports.
Have they realised finally that they were full of mistakes?
Or the OTC has some way of checking, saw the mistakes and forced them to refile before removing the yield sign.
What I’m mainly trying to understand is why for the tiny amount of $40,000 would they sell stock at 0.001 at a time when the shareprice was 0.0075.
Basically they had 276,000,000 in May and I remember that number was on the OTC Markets page.
Now how is it possible to tell us that in May there were 256,000,000 shares?
And then what happened to the $200,000 they received in February and it was on their Balance Sheet?
It is full of mistakes their filings anyway concerning the issuance of shares.
In their May filing they said they issued 20 million shares in February 2018 for about $200,000.
Now that is gone.How is it possible?
https://backend.otcmarkets.com/otcapi/company/financial-report/197923/content
In their last filing they said they issued 70 million shares in June and were restricted.
Now they say that in June they actually issued 40 million and were not restricted.
Once again nothing to be excited about the financials but if you exclude the fall in the fixed assets valuation,
the Current Assets vs Liabilities comparison improved by around $80,000.
They say now that they actually issued 40million shares in June @ 0.001 and not 70million to buy debt.
If true what a terrible decision was that to buy debt at about 10% of the share price at the time.
I guess some kind of obligation that had to be fulfilled, don’t think of any other logical explanation.
It was to Northbridge and were not restricted.
And those 40 million have had the share price stuck in this 0.004-0.005 range for months.
In case it is a rather big loan.
Something around a million don't know how much difference it would make.
That it is not something recent and that they are cash flow positive for some time already.
Good point.Let's wait and hope then as usual.
Basically promissory notes story all over again, expensive small loans to push the problem a bit more into the future and no indication yet that we finally have the cash flow positive situation Solomon talked about.
You just want this need for a little cash, for a company with so much receivables, to end at some point.