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Thanks for the clarification.. appreciate it.
97 million shares were added to the O/S last week. Need some clarification on what that was done for before we can move up to the next level. Guessing more debt reduction or closing of an aquisition.
My guess is since the O/S increased around 97 million last week and knowing how transparent the company is that we should get an explanation. Guessing we restructured or extinguished some debt..probably around .0075-.01 level. That would be a huge win considering the last deal was at .002. They've stated that they won't do the A/S decrease until the debt is taken care of. I still think we have a winner here..patience pays.
Gaps at .94 and .69 needed to fill. This chart is religious to back filling.......three steps forward and two steps back. One of the reasons I hate premarket news.....gap ups always seem to close. Today sucked, but smart people are just accumulating more shares on the way up...Chart still is in an uptrend....for now anyway. Most OTC stocks that ran on euporhia are going to get weeded out and the strong will survive. I think we are among the strong and legit. JMO.
Have they had a PR about all the other carriers that got approved? We heard about Blue Cross...what about all the other major insurance companies listed now on their website?
CEO of IMTL Lawrence Adams took over ticker GDET over the weekend per OTC. Not sure if that's the crypto angle that this is playing out to be. GDET.co
Patent application 15/418,927 for driver behavior telematics was given a notice of allowance today. This is the patent from Mathur that is mentioned many times when questioning the claims of IGEN. So...they are going to really have to change the wording and explain how they are different than this patent that looks like that is soon to be granted. Patents are tricky business..I sure as heck don't understand them.
What patent was rejected last week? Do they have another patent for DTC? I'm sure that can make ammends to their latest application..but it was rejected 11/10. App number 16/387,858. Just wondering if there is another patent for this. Thanks.
Math question from the S-1. What shares equal 24.8 percent of the outstanding shares as of September 4? The 168 million? or the rest of shares in the treasury? The percent didn't make sense to me...if there talking about the 168 million for future use that would mean the O/S is around 700 million or so. I'm sure I'm overlooking something....not that good in math...Real pleased with the progression here...been riding since trips.
The Offering consists of 8,000,000 shares issued as initial commitment shares pursuant to the Equity Purchase Agreement and the remainder constitutes an estimate of the number of additional commitment shares and Put Shares issuable pursuant to the Equity Line. Such shares would represent approximately 24.8% of our outstanding common stock as September 4, 2020
No problem.....for newbies the company files a monthly progress report for the Canadian Exchange....usually out the first week of each month.
Monthly Progress Report just posted.
https://webfiles.thecse.com/CSE_Monthly_Report_for_June_2020.pdf?ENoimOPG_Ury5mbYtWme2SqrvSPFP6TW
IGEN is also listed on the CSE......they file a form 7 every month which describes the state of the business...as a new investor I found this helpful. Here is the lastest one on April 8...I realize the share count is higher.
https://webfiles.thecse.com/CSE_Montly_Report_for_March_2020.pdf?M5His1l6zIcDqNJwFJWmeaCFYe2kA6s7
Just a few things....we've only traded around 50-60 million shares since March 27th....so with the O/S at 568 million it's not approaching one billion...not even close. Remember half the shares over 250 million are restricted so the float is around 250 million.
Most OTC companies only update once a month....plus they have had two PR's the past two weeks and they released their 10k last week...which in these times is impressive.
Not saying this is an amazing company..but with a float of 250 million..there is definately room to run.
Point taken.....but calling the current O/S at 300 million is misinformation.
And calling the current O/S at 250-300 million is???????
But per your post it’s already at 250-300...what changed in the last five minutes?
Exaggerate much? O/S was 182 million as of January 22.
I'm not sure I would say top notch........Trevor Saliba actually started consulting the company in March 2017...maybe earlier, but that was the first press release from Cerebain that mentioned him and his company. Mr. Saliba was actually barred from FINRA this year for his misgivings.
So, wouldn't say top notch...it's for this reason I tread lightly on this play. It was obvious that the whole quiet period email was a rouse to sell shares. The restricted shares are intriguing, but with all the debt...my guess it's a debt/equity swap.
Dementia is a terrible thing and I hope there is a cure someday..that's why I'm interested in this stock, but no results from clinicals or if they even happened...yes they are on the SRO list, but that's just saying that there is potential that they may someday be involved with the FDA? I think the archives said that they were first put on the list in 2012. Have they even filed for FDA application for the device?
Lot's of questions....still has a nice S/S to pop, but will it be with this business plan or another one is the question...I believe it's in the hands of the consultants and they are running the show.
Good Luck.
G
No change is SS......updated today on OTC. Not sure if anyone mentioned that.
Looks like Apple and Eli Lilly are teaming up to fight dementia.
https://www.cnbc.com/2019/08/07/apple-eli-lilly-studying-if-iphones-apple-watches-can-spot-dementia.html
Think this is him.........Senior Finance Director at Apple...could be wrong.
https://www.leadcandy.io/p/brad-vroom-email/125887270
Will be interesting to see how the day ends.......this is about the fourth time it's done this.........0008-.0011-12 in the past few months. If we don't see 50 million after hours I say it's go time..if not probably dilution paying to finish the 10k or something...end of day is the indicator, but timing feels like this is the time..we'll see, good luck!
Was pleased to get the NT-10k yesterday....have to be honest I was getting a little worried that they were going dark and going to deregister from the SEC....but with that filing looks like there following through with the 10k atleast. If I had some cash...I would be buying the .0007s and .0008s today, but I don't so I'm still holding my lot. Good luck..
Saw that coming.......seems like .00077-78 was the magic number this week...thought it would be .00068 today (maybe that's next week). If you read the filings it's some kind of formula...Like volume traded plus a certain discount and so on. Would be surprised if the O/S didn't go up..I know we get it daily..but sometimes I feel the TA is a few days behind. We'll need to see a 10k NT next week on Monday or the filings...guess we'll see if anyone is home.
Let's see if we see a 20 plus million trade "settlement" afterhours for .00068. If that's the case probably see more .0007s-.0006s...If not 10k might be close. Wouldn't surprise me if they capitulate to .0005 to get the nervous nellies out and take their shares..then proceed north. Good buys at .0008 for you....let's hope congrats...I agree with everything you've been saying about Actus fund...have a good weekend.
My point was that a one man company at the moment can’t sustain 6.7 million in debt with no revenues and expect to exist....someone else has to step in. I think the last current note that was due according to the the last 10q was due on September 26th....not sure about the other note extensions.
So here we are at the end of September...what's it going to be. For the record I'll call October 8th for the 10k...hope sooner.
So it seems the board posters have two different trains of thought....for the record there are no right or wrong answers...anyone could be right, but when you play the OTC you have to be very cautious because 9 times out of 10 you're going to lose...especially if you trade with emotion. (Been there)!
The company is obviously bleeding money...no matter which way you look at it..they need help. It's a great cause what in which they are trying to cure...but it costs millions and millions to do trials and proceed...but maybe they've secretly done it and they are ready to proceed and fill out their FDA application....they would need a partner for this to happen, so maybe that's what going to happen. That would be great... full steam ahead.
Then the proceed with caution approach and trying to lay out all the facts. For the record I give Eric and CFO credit for keeping the stock current with all the proper filings...that in itself is something you don't see everyday. They however have taken around 200k a year salary...that's pretty hefty. All the PR's stat what they plan on doing, but never fullfill promises.....no data for trials, no application, no followups on trips... nothing from what I can see. They have sold a bunch of shares over the years...plus RS..and whatever location they were doing business from is now for lease..so there no longer. This isn't Eric's first rodeo in the OTC..he was a consultant for HSTC back in they day....according to some sites he still owns shares and the company and him are in dispute over the amount of shares he should be owed per HSTC 10q....Remember when doing searches use Eric A. Clemons...Not Eric K. Clemons...two different people.
We're all here to make money..which ever road is taken is fine with me.
We know CFO Tate left in July.....we know the place of business is for lease...my feeling Eric left in July as well..basically he is CEO by name. He's had so many places of residences it's hard to keep track on where he is at.
The one person we are forgetting is Alan Klitenic...the only real person we have heard from per some other posters DD...what about Alan? Looks like Alan has had a pretty nice career....he is also the IR for CIIX
Chineseinvesters.com https://www.bloomberg.com/profile/person/20153900.
Alan is in charge of CBBT IR...so he must have been the one that said "keep following this page" on twitter.
Maybe this is old news, but looks like we tried to get some Chinese exposure last year........think it ended though.
https://nai500.com/client/0C000091H6/.
Still getting the five digit trades after hours...not sure who is shuffling shares..volume is getting lighter it seems.
Just throwing things out there before (hopefully) get a 10k.
I'd like to see a CBD oil company...that also helps dementia and many other diseases....there in CALI..might as well.
Maybe getting financials in line for the next move..like the last CFO Clemons had?
My point on the FDA was that shareholders can't be waiting for FDA approval when in fact we haven't even completed an application per 2018 news release. Sure, we have been seeking approval...but have to fill application out first.
Sure Eric A Clemons could have went to the Ivy League school...but so did Eric K Clemons.....If you wrote your bio on the company website and in PRS..wouldn't you mention that you have an Ivy League Education? Look up Eric K Clemons...not our Eric. A lot websites scour the internet for facts....could have easily mistaken the names...I have a popular name and on search sites some say I'm president of the local Teamsters...well I'm not..but another with the same name is. Sure our Eric could have went to the Ivy league....but so did the other..have to decide for yourself.
Just my feeling that someone else is involved here...there clearing debt for a partner or another venture.
I don't want to be one of those people that argue...but I'm fairly sure our Eric A Clemons did not go to Wharton.........Eric K Clemons is a professor there and attended. Sometimes those sites scan the internet to get there info..Middle initials get confusing. If he did I would think he would have mentioned it in his company bio......I sure would.
I know people like to put old news out there...it's pointless..but sometimes history does predict the future..(sometimes). It looks like the same think happened in 2007 when Eric was with GTC telecom..the CFO decided to resign right before the merged with another entity...just saying.
https://www.businesswire.com/news/home/20070530006004/en/GTC-Telecom-Announces-Departure-CFO-Conjunction-Pending
Yes..FDA is tricky, but according to the last news which was March 2018..the company was just getting ready to fill out FDA application..do we actually have confirmation that they did? I agree with others Dementia is a horrible disease and their is money to be made...but...alot of questions. Maybe that is our news that they filled out application and started clinical trials with a partner.......or they gave up and scraped it.
So his plan was to leave a two man company......go buy 28 million shares.....then sell them at .10 without knowing anything. That's solid. Why not just stay director...buy 50 million shares...fill out a form 4...show the investment community that this is a great company with a bright future. Stock would go to .003 instantly with a form 4 like that and he would make immediate bank..One problem someone else is running this show now..toxic lenders.
Individuals don't generally resign from successful companies with big things in the pipeline...They leave because 1)they were asked to or 2)the writing is on the wall that their services are no longer needed. Not sure people leave jobs so they can go buy and sell stock on the open market...we all can do that. It takes like two minutes to fill out a form 4...could he be buying because he knows something good is about to happen? He could, but he would be enjoying his gains from a nice jail cell...pretty sure that's what is called insider trading...but this is the OTC, so I'm sure it happens. If you watch the trades the past month..notice all the five digit trades...that's not a normal everyday joe doing the manipulating..it's very coordinated by someone or some other entity. Still like this stock..just think peoples assumptions are way out there.
He's not a concern.......the multiple funds holding the debt that are converting shares are.
The quiet period is "BS"...it's leave us alone we are converting debt and adding to the O/S. Some other companies I follow are posting their SS daily...most weekly. The OTC has gotten tougher on companies and transparency.
NMS was also hired in 2017 by the company...so all the toxic debt probably came from them to start with.
Agree something is going to happen and someone has been loading..it's not really go time when the 10k comes out..it's go time when the dilution is stopped and we are updated on direction...still think we are going in a different direction with different management...hopefully like I said a revenue producing company.
That I agree with.......either someone picks up the patent and moves it along or the company is scraped and goes a different direction....wouldn't be surprised if option b happens..they haven't gotten anywhere the past six years with this device, maybe they had a breakthrough, but doubtful. I'd rather have a revenue producing company move in. They can file an extension on the 10k...all that will be in it is debt conversions and lots of them..no revenue and lot's of debt...what we need to find out is the direction there taking and if they have anyone taking the ride with them...The possibility of a form 4 could come out...someone or some entity has soaked up millions of shares between .0008-.0012. Hope we find out more this week...good luck....I do own shares and don't plan on buying or selling until I find out the direction of the company.
Huh? the company has one employee...who are our team of researchers? Who said we were attending this conference? Please show me I'm wrong?
Someone wanted 14 million .0009s...hope they hold on to them.
They can file an extension......hope not, but they can buy themselves I think 10 days after the 30th....depends how much toxic debt they want to get rid of...plus their CFO is no longer with them...who is doing the filings now?