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No they are not crooks because that $300k investment into this company will bring them more revenues and win them more contracts. Companies always sell shares to raise capital if they have something that will give them an ROI like in this case.
This was expected. They bought a company for $300k. Look at the financials they released...they do not have $300k in cash. So, they are selling shares for capital so they can complete the purchase. We saw this coming. This is not something out of the blue.
Looks like Thelan is already selling those shares. With only 4.2 million out before, wonder who is selling today.
That is pretty low. Using someone's death to pump the stock. May he RESPECTFULLY RIP.
Looks like to me management just paid themselves $1.5 million dollars if they get this up to a buck. How many more times are they going to pay themselves all while diluting the shareholders.
Thanks. I love it when that happens
The 1100 share buy was mine
Posted all the time on twitter with the sunny boys. Glad I got out when I did. Maybe if a few others get out of the sunny cult, they will save whatever they have left. BYOC and LDSI...wow.
Perhaps reading my post will help. Yes, OTC has the board of directors. Guess what...they have that for several other companies as well...it's called DISSSCCCLOOOSSSSUUUUREEE. What I am asking about...if you would bother to read a post before you reply, what contingency plan was specifically discussed. Someone on this board claims to have had a discussion with them a year ago. Why doesn't he share?
I did READ the filing. There was nothing about a contingency plan put in place a year ago. Let me remind you of your post:
I KNOW they made contingency plans because I asked almost a year ago to date.
Tell what they told you. The 8k tells us nothing about a contingency plan.
Well then, enlighten us. What were you told? What is the contingency plan if the CEO passed away? What is the plan in place for BYOC.
The key word is USUALLY. We don't know for sure. Big corps it is common. This is still pretty small.
The problem is relationships. Time and time again we see CEO's that are doing business with companies and the ONLY reason they are doing business is because of the relationship. We have no idea if this changes the game in negotiations or current customers.
I thought this was something sudden and unexpected. Did he have health issues?
I hope not.
Maybe once the estate gets sorted out. If his spouse gets his portion of the company, she will control the shares that he once had. We have to find out how the estate planning went first. This can get ugly if she has hundreds of millions of shares and does not care to have anything to do with the business.
It was 962 before, why did it drop 5 mil
Next Wednesday. Why would you do your first conference call the middle of the week in the middle of the day? Because you have big news. I am holding tight and ready to see this climb to pennyland with ease.
Today was my third run. This has been very lucrative lately. I am surprised you are not playing this one. VSTR has a strong portfolio. Amazing how much has been built out in the past year.
That is what I find to be strange. Generally when you have an investor like that coming to the table, he usually has someone in their network that can use the service that is a quick win or new contract. This generates new revenues overnight. I know we don't know what is going on behind the scenes, but I figured we would have seen something new by now.
The "dilution" that you speak of is tied to the $300,000 purchase they just made. In the announcement, they had the price. Do you think they have $300,000 just sitting around in a wheelbarrow? Of course not. So they have enough A/S to issue shares to make the purchase. This is pretty common when the purchase will increase revenues. The big stupid on their part is not waiting until a Q comes out to pump the stock so they don't have to sell as many shares to get their $300,000.
I thought you said you had 6 million shares. You must have made money on this run. Unless you don't and you missed it. VSTR has done this several times before.
You have to think that with those partnerships that they made, there must have been something in their Rolodex that they had in mind when they came to the table and had them do the R/S and clean up their debt. I have a feeling that there is going to be an announcement of a major deal tied to these guys that came in. Not sure if they just have to get everything up to scale or if they just needed time. The partnerships they made would not have happened if they did not have some client in mind.
Glad I was on for the run. Sold for a nice profit, and will buy again around .002. This is the second run I have made big gains. Maybe buy a little this time.
You would think with everything that has been going on they would want to get everything out as soon as they can. We shall see.
Are they going to do the Q this quarter or are they just going wait and do the K in April?
NO ONE IS BUYING!!! LOOK AT THE LOW VOLUME!!! SETTLEMENT SHARES STILL OUT THERE TO BE DUMPED!!!! TIIMMMMMBBBBEEERRRR!!!!!!!!!!!!!!!!!
EINHAUS IS SELLING HIS SHARES FROM THE SETTLEMENT!!!!LOOK AT THE PRICE TANK!!!!! TIMMMMBBBEEERRRR!!!!!!!!!
Then how did you pay the pro bono attorney. The award was 198,000 up front. The attorney that was involved in the settlement is very transparent with the fees.
That was before SOD went on the attack. Just pointing out the Settlement of TXHD for the 475,000 shares with a leak out provision.
You shouldn't. There is still at toxic lender that was awarded shares that he still has to dump. He is on a leak out provision so we have no idea how many and how often he will be dumping. BAAAADDDDDDD!!!!
On October 12, 2018, Textmunication Holdings, Inc. (“Company”), Wais Asefi, the Company’s CEO, and David Thielen, the Company’s COO, entered into a Settlement Agreement and Release (the “Agreement”) with Lester Einhaus (“Holder”) concerning a $25,000 convertible note issued by the Company to the Holder on September 23, 2015 (the “Note”).
The Holder initiated litigation against the Company on April 27, 2017, in the Circuit Court of Cook County, Illinois, Case No. 2017 L 506, which was later removed to the United States District Court for the Northern District of Illinois, Case No. 17 C 4478 (the “Einhaus Lawsuit”). Messrs. Asefi and Thielen also brought claims against The Holder. The Agreement settled the Note and all claims, and the parties signed an order to dismiss the Einhaus Lawsuit.
The Agreement requires the Company to issue to the Holder 475,000 shares of the Company’s common stock, subject to the condition that the Holder does not own more than 4.99% of the Company’s outstanding shares at any time. As such, the shares will be issued out in tranches, with the first such tranche due within 10 days of signing the Agreement for 198,000 shares. The Holder agreed to a daily leak out of the greater of 10,000 shares or 15% of the trading volume. Finally, the Company agreed to increase the number of shares due to the Holder if additional shares are issued to third parties after six months.
The foregoing description is intended only as a summary of the material terms of the Agreement and is qualified in its entirety by reference to the full Agreement, a copy of which is attached as Exhibit 10.1 to this Form 8-K and are hereby incorporated by reference herein.
TXHD Einhaus must be selling his shares from the settlement. Look at the price drop! Everyone is selling! TIMMMMMBBBBEEERRRRRRRRRR!!!!!!!!!
Over the past year I have noticed that it hasn't been all hype. They have followed through with everything they have said they were going to do with the product. I think this next earnings report will be very significant.
TXHD No eyes and way to many shares to unload. Einhaus still has shares from the settlement that he can sell at 10k per day. How many tranches are left? We don't know. And until then there could be a huge unload and then....TIIIIIMMMMMBBBEERRRR!!!!!!!!!!!
I sure did. I haven't looked at this one for a long time. I looked at my January statement and something must be going on. I had to grab 500k. It looks like we are finally moving. Earnings should be out this week if it is at the same time as previous. GLTA
ANOTHER DOWN DAY DUE TO LOW VOLUME!!!!! TIMMMMMBBBBEEEERRRR!!!!!!!!!!!!
Well seeing that it was a $25,000 loan and he received a judgement of 475,000 shares when the stock price was at .6. That would lead me to believe that the attorney had accounted for his fees in the settlement. As I mentioned, he is a pro bono attorney. When you work pro bono, your settlement is usually a third. I highly doubt that TXHD paid him a value at the time $285,000 to settle a $25,000 loan. That would be more of a mafia loan.Like I say, the first tranche of 198,000 shares probably went to attorney and court fees. If he had money, he would have gone to a different law firm.
How did Einhaus pay attorneys fees after the settlement? Usually the settlement includes shares to sell to cover attorneys fees and court costs. The TXHD settlement from October 17th. The reason I ask is that Volume increased over the leak out amounts for days and they posted news that was not really substantive and hired pumpers.
And look at all the TXHD shares Einhaus can sell from the debt settlement. There is a leak out provisions so this can be depressed until the next round.
https://ih.advfn.com/stock-market/USOTC/textmunication-holdings-inc-TXHD/stock-news/78484372/current-report-filing-8-k
Attorneys on pro bono charge big time. When you review the court documents, part of the settlement was for legal fees and court costs. So, shares have already been dumped to cover that. However, there are several shares from the settlement sitting out there. I think many, except for the 7 people posting on this board, are out until Einhaus unloads the REST of the shares from the settlement, which is not too many because court costs and legal fees absorbed quite a few.