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You're welcome, arn182. I was confused even as I was typing the response - lol.
But the bottom line was that an attempt has been made to discredit Dr. Trent Jones. And the result of my little bit of research was that there appears to be no substance in that claim to discredit him.
As always, simply my opinion.
If you re-read my post, you'll see that it's an iterative process, sometimes with a rejection prior to approval.
According to the definition of patent pending, it would appear that at this stage, it actually is 'patent pending'.
If someone where to show proof that there was a final rejection issued, and there was zero chance for the patent to be granted, I would agree that representing the invention as 'patent pending' would be misleading, and improper.
Otherwise, it would seem that the only accurate classification for the filing, at this stage in the process, is 'patent pending'.
Here's some background info on the patent process, and 'patent pending' terminology...
"Patent pending" occurs when a patent application is filed and pending at the U.S. Patent Office. In other words, you need to have filed the patent application at the U.S. Patent Office and the patent application must not be granted as a patent or abandoned.
"1. What do the terms “patent pending” and “patent applied for” mean?
A. They are used by a manufacturer or seller of an article to inform the public that an application for patent on that article is on file in the United States Patent and Trademark Office. The law imposes a fine on those who use these terms falsely to deceive the public."
"After the examiner has rejected claims twice the examiner has the authority to make the rejections final. Final rejection, however, is not so final. There is still an opportunity to amend and make changes. You have a right to amend to cancel claims, place claims in better condition for appeal, or amend the claims if you are going to adopt a suggestion of the Examiner that would make a claim patentable. No other changes will be permitted by the Patent Examiner after Final Rejection. Thus, Final Rejection really signifies the entrance into the end game of a prosecution, whereby the prosecution of the application is winding down to a conclusion."
Less than a week ago, you posted the following statement:
'Did you forget that one of the first orders of business for GRCU was to increase the A/S from 500 million to 2.5 Billion???',
- and this statement -
'What was the reason behind increasing the A/S by 400% by the GRCU insiders?'
I quickly corrected you, pointing out that the authorized common shares was increased to 1.5 billion, and then to 2 billion, by the predecessor travel entity (TTD*), before Green Cures came into existence (see below).
For what reason was it important to attempt to associate the A/S increases between 500 million and 2 billion shares to Green Cures, when they clearly were executed by another entity, in the travel business? I'd be very interested in your thought process on this subject.
'On the TTD* (predecessor to GRCU) filing from April 1st, 2013, is the following info on page 16 (for the period ended Dec 31, 2012):
As of the end of 2012:
a. There were 1,500,000,000 common shares authorized;
b. There were 553,695,597 common shares issued and outstanding;
c. There were 341,010,602 freely tradable common shares (public float);
d. The Company had approximately 286 shareholders of record.
link:
http://www.otcmarkets.com/financialReportViewer?symbol=GRCU&id=101910
also please note the following:
For the period ended Sept 30, 2013 (filed on Feb 11, 2014, by TTD*)
link:
http://www.otcmarkets.com/financialReportViewer?symbol=GRCU&id=116175
link to your original post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110412463
I respect your alternative view, HajiHunter. But until someone can point out to me a company that sells CBD pills at the scale that 'Monster' or '5 Hour Energy' sells energy beverages/shots, I think this 'Rico' branded beverage line has a larger potential.
Not trying to diminish the importance of the CDB products, as I think the world needs more of them. But the current industry numbers paint a clear picture as to size of the energy drink market.
As always, simply my opinion.
After spending more than 6 months beneath the 50 day simple moving avg, we have now held above that same avg for more than 3 weeks (see chart below). With the biggest product launch in the company's history about to jump off, I do not buy the premise that now is the time to exit the stock.
I expect the next move to be upward, and explosive.
As always, simply my opinion.
GRCU
The newest 'Rico' gals were happy to entertain the troops in lock-up - lol. Thank you for the compliment, mrlazerworks.
While the trading has been rocky, I am convinced that we will emerge victorious in GRCU-land.
As always, simply my opinion.
That is a very kind thing to say, longymickshort. Here's a little poem I jotted down this morning...
With luck and skill,
brothers in arms,
and churning seas,
Poseidon calms,
There was to be,
but one result,
our hemp-based stock,
to catapult.
That's a touching story, giaiv22. The real-world applications for the 'Synapse' controller are endless.
If Mind Solutions reaches its full potential, the resulting share price run could be legendary.
As always, simply my opinion.
We are in agreement as to the superior nature of the VOIS 'Synapse' controller, as compared to various others on the market.
Here's what I posted earlier as a low tech way of explaining the difference:
Here's an interesting parallel between VOIS and another OTC stock...
As is apparent, VOIS has now touched the mid triple zero range. Some hold the belief that dropping to mid triple zeros equates to a guaranteed death for an OTC company.
But it should be noted that another OTC technology/electronics company, NTE*, was in the same low pps territory as VOIS is now, before running to nearly 18 cents per share (see chart below), for a gain of about 300x/30,000% from the bottom.
That is how things often unfold in the OTC. And that's how the big money is made (or lost). Let us not forget that the VOIS 'Synapse' controller has huge market potential.
As always, simply my opinion.
VOIS
Some hold the belief that dropping to the mid triple zeros equates to a guaranteed death for an OTC company. It should be noted that another OTC technology/electronics company, NTE*, was in the same low pps territory as VOIS before running to nearly 18 cents per share (see chart below), for a gain of about 300x/30,000% from the bottom.
That is how things often unfold in the OTC. And that's how the big money is made (or lost). As always, simply my opinion.
VOIS
I must respectfully disagree, BeauBeau. The difference between a device that simply determines the presence of alpha/beta waves, and a device that can measure and register incremental changes in those waves is the difference between night and day.
Let me explain how different they are with the following example. When I was a little boy, my grandparents had one of the earliest TV remote controls. It had a physical clicker on it that produced a sound when pressed. The TV was able to 'hear' that sound, and respond to it by spinning (using an electric motor) the channel nob to the next higher channel number. They were extremely happy with that primitive remote control, because it allowed them to change the channel without getting out of bed.
I think all would agree that the current TV remote controls, which allow much more functionality than simply a channel-up command, are far superior. The 'Synapse' device, from Mind Solutions, bests the helicopter remote control I had described, in the same fashion.
As always, simply my opinion.
VOIS
The compliment is much appreciated, confuciussay.
And thank you for reminding me what a valuable asset BTZO holds on their books.
Operating Loss Carry-forwards - a valuable BTZO asset...
It is clear from Bitzio's financial filings that the company carries a very large Accumulated Deficit balance (more than $20 million). What is not so apparent from that figure is how valuable an asset that can represent.
While a company does not operate with the intention of suffering large losses, extreme future benefits can be derived from the accumulation of such losses. The chief benefit comes if/when the company can begin to become profitable. At such time, income taxes can be avoided because the positive earnings can be offset against something called operating(tax) loss carry-forwards.
In the case with Bitzio, that future asset can act like millions of dollars in gift cards, which can be applied to future tax liabilities with the IRS. Large tax loss carry-forwards, on the books, can also make a company an attractive takeover candidate. Please note that there are certain change-of-control rules/requirements that must be followed for such an asset to be preserved in a takeover.
But the important point is to understand just how valuable that accumulated deficit balance can represent, going forward.
As always, simply my opinion.
For those interested, here's a re-post of what an 'Accumulated Deficit' is:
What an 'Accumulated Deficit' actually represents....
Retained Earnings/(Accumulated Deficit) is an account that all earnings and or losses get cleared out to, and as such keeps a running balance (from the beginning of time) of the sum total of net earnings/losses (less the impact of distributed shareholder dividends).
If your were to look at the balance sheet of WalMart, for example, you would see a Retained Earnings figure of about 80 billion (it would have been even higher, but gets reduced every fiscal quarter that WalMart pays their substantial dividend to shareholders).
It is not uncommon for companies, in their early stages, to rack up a series of losses. So any capital chewed up during that period reduce the balance in the Retained Earnings account (or in this case, increase the negative Accumulated Deficit balance).
As crazy as it might sound, being able to purchase shares of an OTC stock (such as Bitzio Inc) with a high Accumulated Deficit balance sometimes provides a substantial benefit to the new shareholder. This is the case because the new shareholders are the beneficiary of any value that was brought to the business (both hard assets and I.P. assets) while the capital was being deployed, and the accumulated deficit was being generated.
As always, simply my opinion.
BTZO
Mind Controlled Helicopter...
Over this past weekend, I was watching an episode of 'Outrageous Acts of Science', on the Science Channel. My ears perked up when they began to discuss a device that enables a person to fly a toy radio controlled helicopter using nothing but the mind. The scientists discussing the item seemed rather impressed, but here's the most interesting part.
That helicopter could only be 'commanded' to go up or down. And that was a function (limitation) of that particular headgear, which only allowed for recognition of the existence of alpha or beta wave brain activity. They were hopeful that one day there would be a version of the device that would allow things such as steering, forward/reverse, etc.
I then looked back to something mentioned on the recent press release regarding Mind Solutions Inc's new 'Synapse' device. The Jan 31st PR stated 'These commands can accomplish an unlimited number of actions or tasks through software applications currently on the market and applications to be developed in the near future currently allows for the brain mapping of many more functions.'
IMO, the reception of this 'Synapse' device by the marketplace may be bigger than any of us had ever imagined. And I eagerly await the availability of the final version of this device.
VOIS
Thanks HokieHead (and whittenhalljr as well). I'm trying to conserve posts, as I have not effectively budgeted my allotment for today (down to one left after this).
I did notice the voracious appetite for the 2's that were very briefly available at the ask today. I think your assessment below is spot-on. Green (and blue) skies on the horizon for BTZO.
Legendary investor Warren buffet has stated that 'the stock market serves as a relocation center at which money is moved from the active to the patient'.
Impatience may have had a lot to do with the large volume of selling into the bid at trip zero 2 today. Additionally, the trip 2 bid trip 3 ask zone is prime territory for traditional share flipping (since it provides a sizable return of 50% on the round trip (and often, within the same day).
I firmly believe we will see much higher levels for BTZO in the coming days, and that is why I remain invested in it.
As always, simply my opinion.
Scaling in or scaling out...
There are a number of effective strategies that can be employed to hedge (reduce) risk. One strategy, which has been proven highly effective. In the past, I was one of those traders/investors that was either all in or all out of a security. I can't really tell you why that was my approach in the past. I can only tell you that that was the way it was for me.
That approach (buying all of the shares I would ever own in one transaction, and exiting from all shares in one transaction) proved to be difficult mentally, and undoubtedly hurt my portfolio balance. For example, I would own an OTC stock that would be up 10 to 15x, but would be very hesitant to sell because I knew that if/when I sold it all, if it continued to climb, I would have severe regrets. Conversely, when I would establish a position in an OTC security, I would take a huge hit if my timing was off because I bought all of my shares at that one price.
Over the past couple of years, I have learned that a much better approach (and one that is also recommended by portfolio mgr extraordinaire Jim Cramer of 'Mad Money' fame) is to divide your buys or sells into steps, at various prices. And better yet, to dollar cost average at each of those steps (meaning a fixed dollar amount rather than a fixed share amount). This allows for a lower cost per share, and cumulative avg share cost (and a greater quantity of shares), should the security decline in price after your initial purchase. And should the security begin to increase after the initial purchase, you probably won't mind too much spending a bit more on the subsequent purchases, because paper gains have been realized on the earlier (and cheaper) purchases of that security.
Exiting a security, in the same step-like fashion, makes it easier mentally to let go of shares while the security price still has upside (because you have not made an all-or-nothing gamble at the singular price).
It is for these reasons that I now use the scaling in and scaling out approach, rather than a complete entry into a security or exit out of a security. I feel that overall, it works well, and used it while initially accumulating my BTZO shares.
*Although I know that many are already using this approach, there are probably others that are not, and it is for the benefit of those people that I have posted this info.
As always, simply my opinion.
BTZO
Now that's funny, Hanover1. Should we punch through the defensive line, with one of the finest running backs the league has ever seen, or sell into the bid just prior to what is likely to be a 10-bagger plus.
The decision has been made (by someone)... dump them shares lol.
Believe me when I tell you that this thing is going much higher, and I'll be here to celebrate when it does.
To my knowledge, those 5-digit-after-the-decimal-point prices are not available to retail investors like you and me.
I appreciate your viewpoint, TradePoet. Knowing that greed is often a more powerful driver of human behavior than fear, I think the trip ones are long gone.
If by chance you are correct and the trip ones were to return, I intend to accumulate a great deal of them.
As always, simply my opinion.
Junebug3211, there is a large set of OTC traders that play nothing but the price action. This stock is already on their radars due to the recent large trading volume and rise in posting volume (breakout boards, most posted, most read, etc).
I believe you will see confirmation that no news/filings will be necessary to move this stock upward, the moment the total shs offered on the ask drops to around 20 million (where a buying frenzy will then ensue).
I have placed my bet here that an upward move is imminent, with or without news or new filings. Please note that I am in no way saying that there will be no news... simply stating that it will not be a necessary element here for upward ignition.
As always, simply my opinion.
I strongly disagree. Consider the following...
The sells (at the bid) this morning are a tiny fraction of 1% of the buys at the ask. Additionally, the bid strength (in total shares) is much stronger than the ask strength. I think we are very well poised for fireworks later today - no news or new filings necessary.
As always, simply my opinion.
Online sales performance...
Much emphasis has been placed here on the drop in popularity of the MP family of brands (MP, Arnold, FitMiss) on one particular retail site, Bodybuilding.com. While I do not want to diminish the importance of bodybuilding.com (since they still claim to be the world's #1 online supplement store), I do not believe that the sales at that site fairly represent the whole online story.
For example, the sales strength of Muscle Pharm brands at another popular online supplement store (Muscleandstrength.com) seems to be as strong as even. For the month of January of 2014, MP's Arnold Schwarzenegger products hold two of the top 3 spots. And of the top 50 best selling products on that site for the entire month of January, the MP family of brands(MP, Arnold, FitMiss) hold 13 spots, which represents 26% of the entire top 50 list.
If the general popularity of the MP family of brands were truly dropping, I would not expect to see such strength in sales at alternative sites such as Muscleandstrength.com.
IMO, the more logical conclusion is that the consistently growing retail presence and availability of MP products at big box retail stores has hit some online supplement retailers harder than others. And in this case, bodybuilding.com may have been hit the hardest, with respect to the MP's retail big box store expansion.
As always, simply my opinion.
MSLP
After the big game yesterday, I gave some thought to your algorithm. I had come to a decision that if the sun rose this morning, it was a sign that your algorithm was fine tuned and properly calibrated. To my great surprise, the sun indeed rose.
Based upon this important scientific phenomenon (and your algorithm), I anticiate a very good week for Green Cures.
As always, simply my opinion.
IMO, the VOIS ear mounted hands-free controller could create a revolution in gaming. As was pointed out during a recent CNBC interview, the world currently expects a clunky, bulky, uncomfortable helmet type device to enjoy mind driven gaming. If VOIS can truly deliver with the accuracy and comfort on their final production version of this ear-mounted controller device, I think this company can scale quickly, and become extremely valuable. Additionally, the application of mind-controlled devices goes far beyond the gaming industry.
As one indication of demand within the innovative controller category, more than 24 million units of the Xbox Kinect motion controller have been sold.
If Mind Solutions Inc. (VOIS) could eventually sell just one million units of their ear-mounted mind controller, that would likely equate to more than $125 million in wholesale revenue. But the reality is that the number sold could be one tenth of that (even 100k units), and we'd still likely see an exponential increase in the share price.
Experiments from several years ago have proven that simple primates can use mind control to accomplish tasks. So wouldn't it seem logical that people will be using these techniques to control video games in the near future? And at that point, button controllers (the current standard in the industry), could seem as ridiculously outdated as phones tethered to the wall. When the Mind Solutions Inc. finished product is available for distribution, the upside here could be tremendous. The applications for their small, ear-mounted controller device are endless.
VOIS
Arthur Andersen was, at one time, one of the world's most dominant accounting/auditing firms. Due to their failure(s) (as Enron's primary auditor) with respect to Enron's books and records, they were forced to dissolve (and Andersen Consulting was subsequently re-branded to Accenture, to remove the stigma).
For decades prior to being dissolved, Arthur Andersen performed accounting/auditing services for many of the world's largest publicly traded corporations. More than a decade later, I have yet to see any negative shadow cast upon another former client of Arthur Andersen, simply because they happened to use that same accounting firm for their accounting/audit services.
Based upon this, it would seem a reasonable conclusion that the wrongful acts of a professional services firm (or individual) do not extend to other clients of that professional services firm (or individual).
Therefore, the supposed Green Cures/Richard Weed (opinion letter) issue is a non-issue.
As always, simply my opinion.