Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Who in their right mind would buy this? A quick look at that 10q should be killing this volume. financials here 13.1 million in accumulated deficit from recurring losses bahahahaha. Other familiar terms in the 10q “Company is in default” & “Company continues to negotiate with the lender.” The less than 50k in profits for the last 3 months don’t cover the 1 employee And all the debt interest owed let alone any principle on that debt. Looks like recurring losses going to keep recurring. This bum don’t know how to make anyone but himself money by manipulating the market through his RS and selling shares.
dilute dilute dilute tank tank tank RS wash rinse repeat This company never made anyone any money.
Any news out on AMDAQ? I made bank with that GCAN spinoff. Any new spinoffs in the works?
You won't have as much for long. When the stop sign gets removed, my guess is that 4000/1 RS will be right around the corner. I sold all my GCAN today as well. I'll take 300% what I invested in UNGS for it.
Mine too. They also allowed me to sell. The sell has not been cleared but says was executed. Take 300% from my original investment in UNGS. Took a year and a half but not going to get that kind of return from a checking or savings account.
Here is what his article says regarding AS... I'm not sure but I did not think a RS had any effect on the AS.
Does the total stock issued by a company change with a reverse stock split?
Yes. When a company is formed they generally authorize the number of shares to be issued. Let's assume the company agrees to issue 10,000,000 shares. If the company does a one-for-two reverse stock split the authorized shares are reduced by the split. That means the company now has only 5,000,000 authorized shares.
That's what I thought too. But that is not what the article says that he posted.
Ok. So I was wrong in the fact that a RS does change the AS. However if you look at these pinkies that do RS, historically raising the AS immediately after is pretty normal, and not overly difficult for them. Regardless though, with the lack of success the company has had, after a RS the PPS is going to tank as I'd be willing to bet after no bid for over a year 75%+ of the stuckholders here will drop this bad habbit the first chance they get.
Ultimately a RS won't save UNGS. The only guarantee for that is to find a successful business plan instead of always dumping $ into failed adventures Ie: Marinas, Budbanks, Websites that cost more to operate than they make, Sitting oil and natural gas reserves with 0 production, etc etc. I could be wrong, But pretty sure the RS does not affect the AS only the OS. So you do a 4000-1 RS which frees up about 10 billion of the OS which once the RS is complete, the company can sell those 10 billion shares. Even at .0001, that is a million dollars. That's a lot of salary to pay Wayne or to throw at the next pipe dream. Without it, the only option for funding to pay Wayne or to throw at the next pipe dream is by means of toxic lending. Which if you look at the 8k's and other filings there is no shortage of that already. When you can't get a RS to sell shares cause that's all the company has ever successfully done, and no more toxic lending as eventually even the toxic lenders will give up on companies that habitually fail. What other option is there but BK? I don't think Wayne is going to invest his time for free or throw his own personal cash at the next pipe dream.
If the RS is denied again, what's going to save this from Bankruptcy? No real profit or revenue, no production of any goods or services, due to many failed adventures the company is way upside down on asset/debt ratio. Without the RS the CEO has no leverage for making his own personal $ or doing much else for the company. Without a RS there's no funding for future failed adventures. The pipe dreams for Sylios may be reaching it's end?
Already started tanking before it starts trading??? I have not seen any volume for this yet...
When is this suppose to start tanking? I mean trading?
Kept getting voicemail. Sent an email. See what I can find out. I'll report back if I hear anything. I doubt I do. My last email was a few months back, but went unanswered.
No answer...
How long will it take to find out if the RS is approved or not?
10+ years of bad business dealings and never being able to turn a profit for anyone except himself shows UNGS is for no one but Wayne!
Wayne sucks as a CEO. Every few years he releases a new idea on how he plans to turn this company around, only to poorly execute the ideas or not execute the ideas at all. Failed oil endeavors, failed marina, failed budbank, failing GCC store. The only thing he has done successfully from my perspective is dilute everything until its worth nothing, then releasing and selling all the AS onto the market. When the RS of 4000/1 (which is an absurd crazy ratio) happens He's going to have to release a new grand idea as no one in their right mind is going to buy more shares of this without some form of false hope from the scumbag. Even with his next big idea, It will be rough to sustain the pps after failing at everything else he's ever tried. I certainly will not be buying more after the RS occurs and the MM's kill 50%+ of my investment pre RS before I can ever sell...
I'd say there's better chances that Jesus will come back tomorrow, than someone wasting $100k on this.
Making positive revenue obviously wasn't part of the dream. Must have been that dream about paying a CEO who only has ideas that cost more than they make. But he don't care cause he still gets his salary. I predict we all poo several more times before we get news from Wayne or a bid back. Mark this post.
Other than shares, I don't think you have to worry. Lord knows he don't have any products.
Doubtful since we both know that as soon as that RS hits before the market is opened to the public it won't even be worth .40 Be lucky to be worth .20 by the time the public is able to trade it. And probably be back to no bid within a few months since there isn't any real business being done.
I didn't want to destroy the investor confidence any more so than the CEO already has
517 million reasons why it won't, and their all on the ask.
The 10 mil in volume today was 1 trade. Why would anyone at this point want in???
I found it surprising that there is still trades even though small. 2mil today or I guess 500 shares soon...
PPS certainly isn't going to raise any when the RS hits. Back down to zilch as fast as can be I'm sure. No products, no revenue, no winning unless your Wayne.
Also I have not looked into their licensing requirements at all. But it may be possible CaliRX has a license??? I mean I can buy a semi and I don't have to have a CDL.
I think that is very wishful thinking from people who would like to see it fail.
So have I. But if ever comes a time I can...
The amount of eyes on this are off the chain.
http://www.pennystocktweets.com/stocks/profile/CBIS
Seems to be on many watch list. Just a matter of time before this bounces.
Yea especially if ya read the last GCC filing. In it he seemed pretty adamant that he really has no desire to " touch a plant "...
A lot of $ can be lost as well. Best advice I think anyone can give to people who want to play around in pinky land is diversify. I currently only hold about 6 positions in pinky land, as I’ve consolidated within the last few years. But I’ve bought pinkies that I thought were going to do great and they failed and have bought ones that I thought were long shots that surprised me. I try to do DD on anything I buy as if I get involved I’d like to believe there’s a chance. Way I look at it is ya win some ya lose some. There’s pinky companies actively trading that have not had any filings or PR’s in years and somehow some days they still manage to have volume or maintain bids. I personally stay far away from anything that doesn’t at least try to stay current and hasn’t had any news for long periods of time. I know you’ve seen me on other boards. I’ll admit I’m a stuckholder on a few in the pinky world. But tbh I have made more than I’ve lost on the pinks.
That’s great news. Thanks for the update. It’s awesome that they let you in and allowed you to get the pics you did get. Sounds like it won’t be long now and business will be booming. I bet they would be just as friendly at bottle it inc. But since it is a private place if you are really going to check it out you should call and try to set it up. Other wise they may turn you away if you just show up with no credentials. If you go back to the store in a couple weeks plz keep us updated. Many of us appreciate the info. I have family in Northern Cali and was debating on sending them down to the store cause I wanted to know what was up. Thanks for saving me the hassle of having to bother them.
The majority of OTC companies fail. Don’t want to lose money on them? Then don’t invest in them. Pinkies are not for everyone. Funny how quick a person is to cry scam simply because they lost some cash. A lot of the people crying scam act like everyone should be able to throw a few hundred or thousand down in the pinky world and be millionaires in a month or two.
That's like losing $ on a poker table, and saying the game poker is a scam cause you didn't know how to play cards. Seems there's plenty of others who claim they buy this cheap, then flip it for a reasonable gain. If you buy at all time highs, you have to realize there's much more risk than buying cheap and flipping for a reasonable gain. Can't wait til it gains 50-100%+ then buy and be sad cause it went back down...
I wouldn't call down 10% tanking. The previous 2 trading sessions was +20%. Volatile, maybe. Tanking? Not at all. I'm in the process of trying to see what I can find out about their store, rather than just spewing stuff idk. Will report back when I find out more info...
I actually thought they were going to open their other location first. On 1 of their previous PR’s, they listed the other location first. It’s Possible it may have been ready to go for a while but maybe having issues with city/county. Regardless I think this is still a great buy at the current price. I got in at .061 then doubled down when went to .059. My position isn’t large. But I’m not at all sad to be in this. #winning
up up up we go. Does anyone have a photo of the store from the outside? I google mapped street viewed it, and the pic is extremely old. Looks like the place was in the beginning stages of being renovated.
According to Wayne we wasn’t suppose to have to pay to have the restriction tag removed. I’ll just sit on my shares not spending $ on something of no value.
From my understanding you can trade it now. Just no market for it. Will be rough to find a buyer and get your broker to remove that restricted tag. But according to Wayne you can trade it today if ya want.