typically like to find em BEFORE they run
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I'd like to see that OS go up by another 25m at least then I'd be thinking conversions are done
I think there is huge potential but after those calculations I did last week I think there's 100m more shares coming. Could be wrong, but I'm trying to be ready with cash to buy 3m at .0015-.0018 if those levels come.. think it'll be big eventually though
Ok but how do you figure that to be the last conversion
How'd you figure that? You mean another 50m on top of the 321m OS reported on Wednesday?
I did some math last night from the filings. Looked like $572k outstanding in September which was eligible to convert, then subsequent to the quarter ending, up to the filing date in November, $112,543 was converted into 23,164,765 shares, leaving $459,457 to convert after November. OS went from 181m in Nov to 321m this week, 140 million increase. The conversion prices are a guess, they all convert at 65%, but if we just pick say .0023 for an average conversion price that would be $322k of debt leaving about $140k remaining. Obviously the average conversion price is unknown so I'd guess something like $100-150k balance left to convert. If they really got 50m MORE shares, making the OS 371m, then it might be the last conversion
Yeah I'm convinced we need a good 100m volume to clear the toxic debt out, personally I just wish they would sell like crazy and get it over with
https://www.biodatix.com
I think it's all approved already... Awaiting updates including a pilot study they did in September.
I was most drawn to this stock because of similarities to EWLL which ran .006 to .30 a couple years ago, another tele-health type company
That is actually why I think a very long uptrend will come eventually, because it isn't doing random big runs and crashes over and over orchestrated by debt holders like most sub pennies... there is actual value here. Take NNRX for example all they did was sign toxic debt for months and months then made this massive run and then crash, likely all orchestrated by their toxic debt holders. IGMB seems like more of a real company trying to develop itself than the typical toxic debt machine.... the only issue I have is, while shares seem valuable here, it seems to me best case is still over $100k of toxic debt. Not sure why but they always seem to sell slowly in this stock. A good 100m volume day would clear them out. Even though my average is a bit higher I wouldn't mind seeing a drop to .0015 and 100m volume... then it would really be ready to move guess we wait and see what happens. I continue adding here and there because the big drop may never come
Nice georgie! I am expecting a very long uptrend out of this one, the toxics have sold differently than I think I've ever seen. They started to get tons of shares long ago, .02s range, and it's been the slowest most drawn out decline ever with relatively low volume until the past couple weeks. Usually in a toxic debt situation, they drop much faster than this did?? Makes me think we will see a stronger move than the typical oversold reflex bounce
Nice!! Glad I hopefully helped before, I remember I'd bought ~220k at .011 and saw notes would be hitting and sold those .015-.02. it really does look promising, I've always thought it could be a gem if the time is right. Soon I hope!
Dilution sure seems to be taking a rest, i would actually like to see some more selling to help get my average down... I was on bid around .003 before the move to .005+ but kept getting blocked ended up buying a ton .0037-.005
Yep selling sure slowed way down today
Zlakr.... you gonna be eating more shrimp now a days or what!?!?!
Wasn't there supposed to be a shareholder call today? Guessing with nobody talking about it on here, that it didn't happen?
It needs news.... it's in limbo right now
Hmmmm the big blocks of shares over 10% of the OS would be restricted right, float will stay extremely low but it does make the market cap way higher
I bet the OS is under 10 million still, and they detailed eliminating their convertible debt in the PR.... Seems like it could easily justify a $10 million market cap... Which would mean dollar land!?!!?!
This is amazing! Bergamet! This company looks rock solid!!!!!!
How high can we go!?!?!?
Looks like about the same filing they keep putting out again and again what gives
My take here is they announced a distribution agreement today before announcing details on products, setting it up for continued PR related to product agreements, all while over 2 billion shares have churned here in a tight range while making new 52 week highs yesterday and today. Positioning itself to move higher..
I think that agreement was to facilitate the use of funds once provided, would have thought funds were imminent in order to want to put that agreement together. Still nothing though.. maybe someday..
Seems pretty low risk.. From the last Q:
October 24, 2017, a scheduling conference was held. The parties agreed to, among other matters, to exchange documents and conduct other discovery, and to schedule a bench trial to originally start June 11, 2018. On March 12, 2018, the parties agreed to extend the discovery period to September 7, 2018. The bench trial is now set for February 11, 2019.
RedHawk plans to vigorously contest the claims against it in this matter and to pursue the claims against Schreiber, individually and as Trustee of the Schreiber Trust.
While we are insured for our legal defense costs in this matter, we have a $250,000 self-insured retention. During the year ended June 30, 2018, we recorded a charge of $250,000 for costs that may be uninsured that were incurred in connection with this matter. As of September 30, 2018, the remaining accrued liability related to this matter is approximately $145,000. We believe the ultimate resolution of this matter will not significantly adversely affect our financial position, operations or cash flows, other than the costs referred to above.
Does anybody know if the increase in authorized shares mentioned in today's PR is in reference to the recent increase to 5 billion, or is it a new increase beyond 5 billion?
Is there any meat in the filings? My phone is a piece of crap
I love it... I had found their Twitter months before they started posting and kept checking it,I am so freaking excited that they are using it now and the transparency here now as they work toward SEC reporting
You know me I don't mind waiting on a good one like BMXI!! they pretty much gave us a PR Tuesday guaranteeing the stock to go up in the long term $$$
Tuesday's PR was my favorite yet... All about accountability and follow through and that is what they are doing!
That's awesome that they are finally using Twitter! I'd checked their account for months and never any tweets. Great to see!
Also loved the PR today, following up is very important... Can't wait to see them become SEC filing
I think it's the lack of dilution.. my theory is simple, they announce that funding framework agreement thing in September for billions of dollars, and why go through that effort with the leadership of a country for nothing?? Then months without any dilution makes it gradually seem more real
A finish over .01 for the week is what I wanted!!! Looks great!!!! Lot more bid support this time around.. looks like it's truly starting an uptrend finally
Somebody bought a family dinner worth of KALO at .06 today! Like $75 bucks!
This one, and the completion of their audit, are some other monster catalysts I'm waiting on... Either one would be huge:
Brookmount Explorations, Inc. Commences Acquisition Negotiations
Press Release | 08/06/2018
LOS ANGELES, Aug. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”) announced that The Company has entered into negotiations with a major mining and industrial group in the Philippines for acquisition of a controlling interest in an existing gold mining complex situated north east of the national capital Manila. The facility includes a reserve of approximately100 HA of medium to high grade ore with grades of between 6-15 g/tonne. The mine facilities are centered around a principal shaft of approximately 300 metres depth served by a cage lift together with a network of over 5,000 metres of horizontal corridors excavated to 9 levels along ore seams, with capacity of 12,000oz pa of gold concentrates. The complex includes a complete processing facility with a capacity of 300 tonnes per day. A comprehensive resource survey undertaken by a Philippine accredited geologist has estimated resource of 3.5 million tonnes at an average ore grade of 11.3g/tonne. Should the acquisition take place as envisaged, BMXI management will retain a JORC accredited confirmation of resource levels.
Contemporaneously with the acquisition negotiations, The Company is in discussions with a Middle East based sovereign fund investment group to arrange a secured line of credit for up to $10 million, proceeds of which will be used to settle the cash component of the acquisition and provide working capital to gear up production activities and cover drilling costs arising from upgrading resource estimates to JORC compliant standards.
The Company anticipates finalizing preliminary agreements on both the acquisition and financing during August and will provide further updates to shareholders accordingly.
Brookmount conducts its gold mining and processing operations through its Indonesian subsidiary incorporated in Sulawesi Province, Republic of Indonesia, one of Asia's most dynamic and rapidly expanding economies with extensive reserves of natural resources and minerals including timber, coal, gold and hydrocarbons.
What the hell just happened lol!
I think today's PR is just the start... Check out some of the other releases from the summer.. a huge funding deal and finishing their audit to become SEC filing..
Very nice news, great to see them follow through on previous announcements... Speaks volumes to their accountability
I'm in the same boat, didn't add any on the dip.. after seeing the SS hadn't changed after the dip I was back to watching to add more but never did.. looks good though hopefully it's really go time this time around!
Would be nice if an update included SEC filing and uplisting to OTCQB!
Halbroke see what you think of BMXI... Check their recent press and strong financials
Think if it holds over a penny for the week then it's multi penny time.. just looking for a sign that it's not selling back off this time.. on the last run damn it looked like it was going to .05-
.10 but then selling turned on like a light switch. Very notable though, the share structure never changed during all of that - no dilution
Nice action today, wonder if it's the start of an uptrend this time instead of that funky pump and dump type trading we saw last time
Very interesting little 10k hits on .045 today... Guess if anyone wants shares, the ASK is the place to look! Not a ton of volume, but higher price and volume than we've seen here in a long time so that is positive.
Well someone wanted a hundred bucks worth of shares on the ask today, that's like enough for a family dinner and drinks!