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Pleasant surprise with no new shares yesterday.So could be those 2million new shares a couple of weeks back,something else or has Garrett had enough?
It is not a joke anymore.If the man is still diluting at 25c and he has not realized yet that the stock market funding is basically closed and that he cannot save anything with a few hundred thousand dollars more then he has a serious mental problem indeed.
Don’t know if anyone can stop him and tell him the stock market game, is over.I can really picture the man and don’t know if I should feel anger for him for costing me and so many others a lot of hard earned money or pity.
In case Dan does not resign till the CC, I would not be surprised if he starts blaming Solomon for what is happening.
They pay as long as they get more product of course.But what happens after they stop buying and they have accumulated a few millions of debt?
I guess Solomon has not realized yet that the stock market can no longer save him.It is just delaying the inevitable of accepting whatever mess he put himself into.We are talking now about a maximum of perhaps one or two million dollars he can get by diluting and perhaps around 50 Million O/S.Is that worth what he is trying to achieve?
Most probable cause for his failure.One after the other his customers cannot pay their debts.He is hoping that the rest will be ok but it is wishful thinking.
Their 10-K for 2016 came out last week so they are getting current slowly slowly.
The bad news was that the Indian venture didn’t go as planned so they are looking for other partners.
Then they say O/S is about 85M much lower than what the OTC has of over 250M.
And then they are optimistic that what they are doing with the cryptos is unique and not what so many others are trying to do.So let’s see.
Insufficient cash flow.Just what the banks wanted to hear to finally approve the loan.
Banks will not give you money to act like a bank.If your product Solomon is something customers want to buy, they should go to the bank and get loans and pay you in cash.
If they come to you because of the payment terms, then just forget it.Simply you are not an entrepreneur.Sorry.
How about a simple PR first that they will stop dilution immediately.
Looks like those 2 million shares issued recently, are slowly but surely entering the market.
Garrett is just criticizing Solomon about some of his decisions or that he has bad ears.
He never told us anything much more important at this stage of just 30c/share.
Such as what kind of DD he did on the company, how much he trusts their numbers, is their business model of selling product on credit without guarantees viable, how collectible are the current receivables etc.
Is he certain that bad ears is not the problem but they may hide something more sinister?
Very logical.Should have been done a long time ago.
Ask Solomon diplomatically or demand it(biggest shareholder/big loan).
See operations first hand,meet with major customers,see if they are paying on time or if they have any complains,meet with Ecovis etc.
At this point a dividend could be effective only if there is commitment from Solomon Dilution Lie, that he will end excessive and unnecessary dilution.
However a sharebuyback well executed not only guarantees end of dilution but also can take care of the toxic note if and when required.
Except that Tony complains that there is no money for growth.
Don’t know.Does Tony work in a different part of Triway than those millions went to?
Are $25M not enough to have the kind of expansion rate he envisions?
Has anybody tried to ask him why he was complaining for lack of funding a few months ago when the Balance Sheet of the company shows otherwise?
Perhaps a trading suspension might be our best hope at this point in order to save our investment from even more dilution.Have no idea though that even if this would be better for us how the Sec would be persuaded to start investigating.
Still 1 or 2 Million dollars unavailable for buybacks while waiting for more funds,loan to announce something more serious such as quarterly dividends?
I guess either no cash available at all, stupidity or dilution will continue even at a quarter/share.
Looks like Solomon is using now the cash from that 2 million dilution last week.That is probably why we had no increases in the O/S for a couple of days.
Might be a really good investment that oil deal with oil prices reaching new highs today.
Of course details may have to be renegotiated after the latest developments.
Actually the company has said nothing about the $4M loan.There was speculation and then GDTRI said that indeed it was toxic.
On the other hand Garrett should be the most disappointed by the dilution costing him more than anyone else but GDTRI doesn’t seem to care.
Yes it is getting crazy.Perhaps they have inside information that dilution has stopped once and for all.
Unless some believe it is possible to have both dilution and dividends at the same time and then everything will be fine and we will soon get over $2!
I don’t understand how a dividend will help at this point if dilution continues.
If Garrett is defending the decisions of someone who is diluting at 2% of book value or ignoring them as irrelevant cause in the long run the company will succeed then I don’t know if we can expect anything from him.
Of course the company might succeed in the end especially with some extra cash by printing millions of new shares.However it will be irrelevant for current shareholders cause they will have been diluted out by then.
How can anyone buy more Garrett or Dan or anybody if there is no announcement that dilution has stopped perhaps accompanied by a buyback plan however small just as confirmation.
The only positive thing recently is that the price has not collapsed even faster.Someone or some are still willing to invest/gamble quite a lot of money here.
I don’t think anybody understood what he is saying other than it sounds more optimistic/neutral than pessimistic.
The question for Garrett also is of course if he knows about the newly issued shares.
If the company will explain to us in 3 weeks that there is not much to worry about the O/S big increases that are also hitting the market, they should have no problem issuing a PR now or telling their biggest shareholder about it.
That was my point.Without any news from the company and with the O/S going up daily, we could get very close to 0 by the end of next week.Don’t know but Garrett disappearing is very worrying and could be because he heard news he never expected to hear or like everyone else cannot get anyone to speak to him or reply to his emails.
How much faster?Seven more days like this and it is all over.The lower it gets with nobody from the company replying to calls or emails and no CC, the harder it will be for anybody to invest anything more here.
If he starts to convert Solomon could start issuing tens of millions of new shares and drive this very quickly to zero so Garrett could end up with a heavy loss.He is in big danger even if he does not start to convert and Solomon keeps issuing shares.
We just want to see if he knows anything about the millions of new shares and when we will have the CC.Cause no one else is answering.
From either Garrett,Peter,Dan,KCSA,Solomon,Tony...Where is everybody?
Might be good news this.The 55c with the shareprice in the low 30's and also looks like the 2M shares have not hit the market.
Tony mentioning that he has no money has done a lot of damage to Solomon.
His story that millions and millions have gone to Triway is now not very believable.
Guess he got very mad with him, and told everybody including Peter and KCSA to stop responding to any questions by the shareholders.
The cash position of the company decreasing quarter after quarter at exactly the end of quarters is also a concern.Big coincidence for a company moving tens of millions around - receiving millions and then spending it.I guess cash position is the one thing they cannot fool Ecovis with.
Does the company only responds when Fredly tells a newspaper something?
How about issuing a PR to tell the shareholders that they have nothing to worry from the recent increase in 0/S.
Or at least tell Peter to answer emails confirming the reason is not for a little cash.
We had the ECAB DD here.And since then FD has been totally absent.
Since when is the CC supposed to be connected with the loan?They didn’t say anything like that in their PR.
You should have a CC either when you have good news or bad news(shareprice,O/S,bad debt) and difficult questions to answer that Solomon has not been very used to, so far.
That is another version of the better scenario of accepting that everything we see in the Balance Sheet is true and there is no fraud.
Then the question becomes as already mentioned: Why is Tony complaining that there is no money for growth?