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WTWO - Someone asked me via PM what I thought and figured I would post my thoughts on the board. Let's do the math - First off, WTWO increased their authorized shares to 5 BILLION shares on - Here is the official amendment link with the NV SOS: http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=lJo2sjSwWLfqJ%252brsSbAV%252fw%253d%253d&CorpName=CONVERDE+ENERGY+USA+INC
For the sake of this simple analysis, let's assume that they just did that for fun and have no plans of increasing the OS to 5 billion.... Let's assume they have "just" 2,112,396,751 shares outstanding as reported on otcmarkets. Great, right now they would have a market cap of almost $1.5 million. Let's dream a little that this stock would get up to .01 (or higher as suggested by some on this board). Is this "company" really worth over $21 million? And let's be real, we all know the OS has most likely increased substantially from what was there as of Jun 30, 2014. So, you can dream of hitting .01 (and it could be worth that much or more if they have something tangible that is worth that much to the right company but it is pretty clear in my opinion that these guys have no idea how to generate any revenue themselves and will need a miracle buyout - again, just my opinion, do your own DD). So, is it worth it at .0006x.0007? Possibly, these pinkies run all the time but it is pretty bloated. I think it is worthless as a "company", but I don't rule out any of these otc stocks because of that, most are worthless "companies". Look at the potential to run based on AS, OS, charts, and pumping scenarios. WTWO has a good story but the AS and OS are just too much for my liking. Good luck to those playing the game. I've been around a long time and seen ones with worse AS/OS than this run but this also has already run 700% for those that got in at .0001. Of course, if there is enough hype, even bloated pigs like this can run for awhile before their weight makes them fall hard.
WTWO at least selling on Alibaba ....
http://ca100848690.fm.alibaba.com/product/109810103-0/SteamRay.html
Company profile already has their name as Converde Energy
http://ca100848690.fm.alibaba.com/company_profile.html
Or at least making it appear as if they are selling there. Wonder where they get 1 to 2.5 Million in revenue from on their profile. You can easily make up your revenue on there and they aren't "verified" so who knows. Fun stuff in penny land.
Great Test.
Big money will be coming into WTWO soon enough....be patient and the reward will be very nice in my humble opinion. But, what do I know about trading?
e-ore - Thanks for the private message. I don't use iHub much at all anymore - I recently have been putting together a site that will be much nicer than the All Floats board which you have done an AMAZING job keeping up with. I will let you know when the site is done and the URL. That is just one component of the site. It is a crowdsourced financial analysis site that is very unique. My only concern is that it is a little too complicated for the average trader but people like you that understand all that is involved will enjoy it. Probably about a month away from officially launching it.
And, I figure by putting this post on UITK board, nobody will ever find this post. LOL.
Not that anyone reads this anymore, but UITK subsidiary tais redid their website and they seem to be doing well - http://tais.ru
Hello $treet, sending a reply to one of your messages so you will hopefully then see the message I just posted before this one that wasn't a reply. Hope all is going well.
Hey $treet...I am not on iHub at all anymore but I am still alive and around, yes. I don't have a membership here anymore but you can email me at troy at authorized-shares......I think you know the rest.
I just found some info about Chris Bickel (those that have followed this one for years will remember Chris Bickel, as opposed to James Bickel) http://www.primaryllc.com/management
Scroll down to Chris Bickel and tell me if something seems a bit off about his bio. LOL. You all know the stock symbols they mention...but look what company they said he was a part of in closing those deals. LOL.
So, who is primary capital...? Do some research there, find the links with S3/Redwood...
Don't forget about all the shares the Bickel boys received personally from RDWD reverse merging Chinese companies that RDWD shareholders funded...That is very important here. RDWD shareholders funded the trips, paid for employees, etc and then the Bickels (and a few others) benefited personally by receiving shares of those rm companies.
I appreciate when you post a message reply to me about UITK because then I go and dig around a little again on here. There was nothing new on tais.ru for a few months and then suddenly March 30 there was a press release and then another one and yet another one today! Here is the link via google translate. If you don't need the translations, just go to tais.ru
http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=www.tais.ru&act=url
What does this mean for us? Probably absolutely nothing.
Plenty of people gave ample warning here, including mention of all the convertible notes, etc. Anyone believing this story would unfold to help shareholders hopefully learned a thing or two.
There are plenty of shares available. See all the convertible notes that would still be outstanding from their SEC filings and who knows what others have been added since they quit filing. Good luck here.
The following is JUST MY OPINION. Funding? Look at all the convertible notes issued and outstanding still...look closely....family members....and who knows what has gone on since they stopped filing. Where is the money going? Oh yeah, to family members, not to help any YESD product. If anyone thinks I am incorrect, give examples of products or services YESD has done well with and promoted at all? Where is the money going? Look at SEC filings. Why did they stop filing? hmm, I wonder. LOL. Who cares if they have an amazing product given their track record of convertible notes and absolutely no success with any "product". Again, all my opinion. Just like others have opinions that they think MotorBooster will be a huge success. Heck, I even think MotorBooster will do well. I just don't think the stock price will do well.
Nope, but noticed their site is back up at least. I still feel a buyout is the end game here but they are silent for me too at this point.
You might want to check out all the YESD SEC filings which will clearly show where the shares are coming from with all the convertible notes out there before they stopped filing and who knows what they have now for notes since they aren't filing any more. Just my opinion of course.
Check out my RDWD post from December 12th....starting to become more likely in my opinion....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69853653
Mr. Bickel just provided you with extremely important information and proceedings of the company that he never made public to shareholders. Umm, didn't he state in his message..."As I’m sure you’re aware CEO’s are closely scrutinized by FINRA and the SEC and are being told not to provide information to an individual shareholder that is not available to all shareholders and this scares all CEO’s.
And then he goes on to give you information that hasn't been released to the public about the fact about the RTO market in China collapsing and thus ending Redwood's RTO business in China. Umm, yeah, that is extremely important information that the public needed to know. He gave that information to just one shareholder that wasn't available to all shareholders. Not good Mr. Bickel, not good......
Is it really worth it for them to file? Why would they even bother? Being on pinks allows convertible notes without the general public having access to that info, etc. There really isn't much reason for these penny stocks to stay on otcbb. It hasn't brought them extra volume, or anything positive that I can think of. It just shows the truth and do these guys really want the whole truth out there?? Think about it.
All my opinion of course.
Not saying the following is the case with RDWD, but I have seen real companies go into silent periods while working out a buyout of the company. I have been part of buyouts myself and most of the times, business goes on as usual but in certain situations, a completely silent period is warranted. Again, not saying that is happening here, but think about it is all I am stating....
But then again, there are countless stinky pinkies that just drop off the face of the earth.
But, buyouts do happen as well and it APPEARED that RDWD had a lot going for it when they suddenly decided to stop updating the public on anything. I have worked with Chinese based companies myself (very limited amount) and know from experience that if they want you to be silent about something and you slip up and leak something, the deal will be done in a heartbeat.
Just some things to think about.
Well, that is an interesting surprise to see that you got your samples! Please keep us updated. I know not many people post on this board but I assure you several people read the messages on this board.
I am still in this one....their TAIS business is constantly increasing revenues, etc. They don't seem to care to update UITK shareholders of anything.
Those guys can't even update their From header to reflect that the company is Redwood Group International - they still have "SIVC Investors" as their From header. I told them about that months ago and how to fix it. LOL. They don't even know they are Redwood Group International yet?
Still YesDTC Holdings, Inc. There is nothing in any SEC filings stating anything about MotorBooster.
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=YESDE&OTCBB=OTCBB
Ticker changed from YESDE to YESD - name still the same.
Okay, fine, so, what exactly is the connection YESD has with MotorBooster?? Please point me to the SEC filing outlining the relationship. Much appreciated. Thanks.
Please show me where YESD mentions MotorBooster in an official SEC filing. Please show the documents outlining their involvement with MotorBooster. As a publicly traded SEC filing company, YESD should have that information in SEC filings. Looking forward to seeing that SEC filing. Thanks
Why isn't MotorBooster even mentioned in ANY SEC filing?
If anyone thinks the following bodes well for common shareholders buying on the open market, even if the company starts producing revenues somehow, that person needs to get some education on how these types of convertible notes work, especially when the notes are to family members as is the case here with YESD. LOL. Again, just my opinion but the last year should show you what happens and will continue to happen IMO.
Note 15.
Related Parties
The company converted to common stock $409,000 certain short term notes due to our CEO at market prices. As part of the transaction he was also issued 3 year warrants (see Note 7).
Senior convertible notes of $40,000 held by our CEO were converted to 10,587,105 common shares in 2011 (see Note 9).
At June 30, 2011, there were accounts payable of $45,000 due to our CFO.
The Company incurred approximately $52,000 and $0 of expenses in the six months ended June 30, 2011 and 2010 to related parties who are affiliated with Directors of the Company.
Note 16.
Subsequent Events
Shares Issued in Exchange for Services
As part of the Marketing Agreement disclosed in Note 11, in July and August 2011 the Company became obligated to issue 1,351,598 common shares to the vendor as payment of $5,000 monthly stock-based fees.
Conversion of senior secured debt
On July 25, 2011, an investor converted $15,000 of senior secured convertible notes dated December 19, 2009 into an aggregate of 6,000,000 million shares of the Company’s common stock. The notes were converted at a rate of $0.004 per share as described in the note agreements.
Sale of Series B preferred stock
The Company is designating 250,000 Series B convertible preferred shares, par value $0.0001 with a stated value of $2.00 and dividends of 10% whether or not declared by the Board and voting rights on as converted basis. The Series B shares convertible into common stock at a rate of 1,000 common shares to 1 preferred share. The Series B contains certain price protection provisions which may reduce the conversion rate if the Company sells shares for less than $0.002.
On August 25, 2011 the Company entered into a Subscription Agreement with an accredited investor. Pursuant to that agreement, the Company agreed to issue 50,000 shares of a newly created Series B Convertible Preferred Stock in exchange for $100,000 or $2.00 per preferred share ($0.002 per common share on as converted basis). When created and issued, the 50,000 shares of Series B Convertible Preferred Stock will be convertible into 50 million shares of the company's common stock. In addition, the Company agreed to issue warrants granting the investor a right to purchase 70 million shares of common stock at a price of $0.01. The warrant expires five years from the date of issue.
The agreement agreements contain a 9.99% ownership limitation which prohibits the investor from converting the Series B Convertible Preferred Stock and Series B Warrants if such conversion would increase the investor’s beneficial ownership of the Company’s common stock over 9.99%.
As additional consideration for the investment, on August 25, 2011, the Company entered into an amendment to the subscription agreement dated December 28, 2009 with the investor. Under the terms of the agreement, the Company agreed to modify the conversion price of the remaining balance of notes held by an affiliate of the investor from $0.004 to $0.002. The amendment was made pursuant to the price protection provisions of the original December 2009 subscription agreement and accordingly there is no accounting effect as of the amendment date. As a result of the amendment, the $8,000 of convertible notes held by the investor are convertible into 4,000,000 shares of the Company’s common stock. In addition, the Company agreed to lower the exercise price of warrants held by the investor from $0.01 to $0.002 also under the original price protection provisions of the warrants.
20
As additional consideration for the investment, on August 25, 2011 the Company entered into an amendment of the Series A Preferred subscription agreement. Under the terms of the amendment the Company agreed to modify the conversion price of the Series A financing from $0.005 to $0.002, subject to obtaining the requisite stockholder consent in compliance with SEC review and notice requirements. In addition, the Company agreed to lower the exercise price of Series A Warrant held by the investor from $0.05 to $0.01. As a result of the amendment, once effective, the 40,000 shares of Series A preferred stock held by the investor will be convertible into 106,000,000 shares of the Company’s common stock. Based on the facts and circumstances, management determined that these modifications represent a modification of the original contract and are compensatory in nature. As a result, for the period ending September 30, 2011, the Company will recognize an expense of approximately $460,000 based on the quoted trading price of $0.0072 on the August 2011 issuance date.
As additional consideration for the investment, on August 25, 2011 the Company entered into an amendment to Convertible Promissory Notes dated March 8, 2011 and May 31, 2011. Under the terms of the amendment, the Company agreed to modify the conversion price of the $77,500 in the notes held by the investor to the lower of the applicable rate pursuant to the terms of the notes, or $0.002. Management has determined that the modification does not qualify as a debt modification for accounting purposes since the modification changed the nature of the debt from stock settled debt to debt to be accounted for under derivative accounting. The put premium will be reclassified to additional paid in capital and the debt will be bifurcated into debt and embedded conversion option derivative liability.
Sale of common stock
On September 1, 2011, the Company entered into a Subscription Agreement for common stock with Sonoma. Pursuant to the agreement, Sonoma paid $81,000 for 10,125,000 shares of common stock at the above market per-share purchase price of $0.008. As additional consideration for the financing, Sonoma was issued a warrant to purchase an additional 10,125,000 shares at an exercise price of $0.008. The warrant expires three years from the date of issue.
On August 26, 2011 Emerging Growth Research, LLC, an entity controlled by our CEO, Joseph Noel, repaid loans due to Sonoma in the amount of $82,000.
With all the new notes issued by YESD lately, I don't see any end to the available shares at lower prices any time soon. All my opinion of course. Everyone can read the SEC docs for themselves. One could argue .002 should be the bottom but these guys have shown they just change their notes when needed in my opinion.
Death spiral financing through family members of the CEO...who do you think that will benefit? Common shareholders buying? LOL. Modifying articles of incorporation to create more and more convertible preferred shares. Who does that benefit? Will that help the common shareholders (ones buying, not those shorting)? Do some basic research on "companies" that do this type of financing. There is a reason it is called "death spiral" financing.
All my opinion of course.
LUXE - Revoked to Active on NV SOS - http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DEEoZKAnviRbuPssc4R69g%253d%253d&CorpName=LUX+ENERGY+CORP.
I noticed that as well....selectively removing "articles/posts". What are they trying to cover up by removing those? Filed for convertible stock with NV SOS in August, and then this along with all the other stuff the naysayers on this board have brought up. This is a shorters dream come true. All my opinion.
Yes, it is very good news. EOM
MLHC is an interesting one to me. EOM
MLHC - Revoked to Active with NV SOS - http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=MSNB0wEuf0FC98KJLRa4lA%253d%253d&CorpName=M+LINE+HOLDINGS%2c+INC
Delisted is the correct term - you stated they were about to be delisted from pinksheets which is incorrect. They simply will be OTC instead of OTCBB. They will be delisted from the OTCBB soon if they don't get their 10Q submitted ASAP. Trading continues as normal - they would just be OTC instead of OTCBB
Since people don't know how to find all actions for entities, here is the direct link for recent submissions for YESD on the NV SOS site
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GMDnIkCpwFB7hR5R6rxfng%253d%253d&CorpName=YESDTC+HOLDINGS%2c+INC.
They were in default status and now are active as of yesterday and filed their annual list 09/07/2011
What are you talking about?? They just filed their annual list with NV SOS and went from default to active. Amazing the lack of knowledge out there.
YESDE just become Active with NVSOS again - http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=GMDnIkCpwFB7hR5R6rxfng%253d%253d&nt7=0
Please show the link that they will be "delisted from pink sheets"
I see this is a pretty popular board I created. LOL.