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I really think that IS the problem and why Steve hasn't said anything about it.
Yeah he tweets all the time. We know he reads this board. So why hasn't he said a peep about the missing attorney letter which I think most believe is the real reason for the yield sign? Does anyone think the OTC puts a yield sign on companies that have a payment due in 30 days as Steve claims? Even IF that were true what kind of a putz CEO would let a yield sign come up instead of just paying the bill??? Oh yeah I forgot. Steve sucked all the money out of ONCI and put it in his personal bank account, left the company so broke that he had to take out a toxic note so shareholders could fund the operations. My bad. LOL.
Yeah some fool is going to pay .0024 for shares that aren't even worth half that. Good for them. LMAO.
Looks to me like the offering filing was nothing more than an attempted pump so Steve's toxic note buddies could make more money. Oooh an official filing. I'm sure Steve thought the pump would do better. But,but but Steve paid 25 grand for that filing, why would he do that? Steve didn't pay anything for that filing. The company did! No skin off his Pinocchio nose. Come on. Who's going to pay .0024 for this stock? LMAO
This is only about half of the convertible debt. Imagine what the other half could do. Steve is all about making sure he gets paid. 2 million for the fms marketing. Another million selling his personal shares plus his salary and sales commission. He sucked the revenue so quickly out of the company is put it in his pocket that he had to take out a toxic note. That's who the CEO is. He doesn't give a shit about shareholders. I'm
Anyone still think buying in the "offering" at .0024 is a good idea? It's going to be a long hard road just to get this back to .0018 IMO.
As of the filing it looks like 150 grand of the 288 grand in convertible debt has been paid. Still a ways to go. IF the note holders keep converting at a lower and lower rate the PPS could get pushed down even more.
He is hiding something. That's why the yield sign has been placed here.
It's my opinion that EVERY deal past or present is a test at first. I think that's where Steve ran into problems with his PR's stating them like some 1.2 million dollar deal was etched in stone month after month for the long haul whether the dealer was able to sell any of them or not. None of these dealers are going to reorder a second month supply if they weren't able to unload the first months order. Some may succeed and some won't.
Around 450 million shares traded under .0022 since the beginning of February and the PPS is still way under .0024 so someone could have pretty much already got all the shares they wanted for way less than .0024. There is NOTHING that says someone HAS to buy the whole 450 million shares. That number is the MAXIMUM number of the offering. THAT means Steve can't offer any more than 450 million shares. Someone can buy 500000 up to 450 million. It's not that difficult to understand.
We'll have to disagree on that point. One way or another it's all about the Benjamins. Nobody would buy here if they didn't think they could make money and nobody would pay .0024 right now for a stock that's barely worth .0014. In actuality 450 million shares probably isn't even worth .0005. Try selling 450 million shares right now and see how much money you can get for them. That's the type of things huge investors take into consideration. Yes, they also take into account the future and potential but it all comes back to whether or not they can make money AND maximizing profit. All IMO.
They may have already been sold back when the PPS was higher and that may be the reason the offering is back dated. The only point I was trying to make on the matter is that at this point it doesn't make sense to me that a NEW buyer would take Steve up on that offering now. The price is too high for that to be a current offering IMO. Though IF the owner of the company doing the private label deal did buy them previously at .0024 I would guess he's not real happy right now. Not that it matters except apparently the advertising hasn't been approved yet. In any case doing this offering to raise capital is way better than taking out new toxic notes. Looking forward to getting some answers on Monday.
I agree that some of the repeated criticism isn't warranted but he needs to stop opening the door for new criticism. That is what I was alluding to in knowing how to play the game as a public company. The only reason I'm still here is because I believe the company is real and is growing. Not as quickly as Steve made it seem it was going to grow but growing nonetheless. Jumping to conclusions about things such as this offering and posting them as fact isn't productive here either so Steve isn't the only one guilty of lying and damaging the stock and the overall credibility here. IMO.
I don't believe the company is a scam. The difference between those other stocks and this one is the CEO. You have to admit Steve has said some stupid stuff and continues to do so. Again, I like the company but Steve isn't helping shareholders here. Let me just ask you this. Maybe you can be serious here. Do you think the OTC puts up a yield sign when a subscription payment is due in a month? I don't think anyone believes that yet our CEO tries to pass that off as the reason for the yield sign. Does that help shareholders when Steve says stuff like that? It just adds fuel to fire IMO. I believe Steve is building a real company and it's growing but the CEO has to know how to play the game when you're a public company and Steve doesn't. IMO
It's all good. Fools can go ahead and take Steve up on the offering and pay .0024. It's open to anyone. 500000 share minimum buy. Get in line. I'm sure the "lines around the block" by now. LMAO
Come on. Do you really think a new buyer is going to pay .0024 for this stock right now? It really doesn't make sense. It would be a bad investment no matter what. Billionaires didn't become billionaires by paying twice as much for a stock than it's worth. The fact that this filing was back dated also leads me to believe the shares were already sold from this offering back when the PPS was around .0024. The back dated offering makes it legal. Again I'm not saying this is a bad thing. I'm trying to have a serious discussion about this filing BECAUSE it doesn't make sense to me for this to actually be a NEW offering. Why do you think it was back dated? Why would Steve have to do that IF this was a NEW offering? Please be serious. You should know I'm not a constant basher from previous posts.
He can't just sell the stock and put the money back into the company without this filing. He can sell his own stock and keep the money with those 144 filings. I don't know why he did this offering. I just know it doesn't make any sense at all for it to be a NEW offering at this point and at this price. A billionaire with inside information wouldn't pay .0024 right now for this stock! And the suggestions that someone HAS to or is GOING to buy ALL 450 million shares just because Steve made the offering are completely false and made up. Nobody has to buy any of the shares in the offering and I ask again why would they at this price? I'm not even saying this offering has to be for something bad. It could very well be that Steve wants to reinvest that million dollars worth of personal shares he sold back into the company and maybe this offering will allow him to do that. I don't know. Maybe this filing IS just a way for Steve to sell some shares and raise some money for the COMPANY and not himself. Even that would be better than taking on another toxic note. Maybe since the filing is back dated Steve ALREADY sold some shares at .0024 and needs this filing to make it legal. THAT is what I think happened here.
Agreed. I think the filing was done so Steve can hide something in the fins. An O/S increase perhaps. The filing just looks fishy with the back dating and all. Just my opinion. I'm here to trade also. I actually like the company. I believe it is growing but Steve is just not trustworthy. I just found a quarter on the ground. How many shares can I get with that? LOL
Again, point out the part that say someone new is coming in to buy 450 million shares at .0024. Can't be done so pull a Steve and deflect, lie and misdirect. LOL
Please point out the part that says someone has or will take Steve up on that "offering" in the filing or anywhere else for that matter. Just because the shares are offered doesn't mean there is a buyer. Steve IS OFFERING THEM! THAT'S ALL! Let me point out that I'm NOT saying that nobody has bought those shares back whenever this offering really took place and the PPS was higher. Maybe someone did. Who cares? I'm saying there is NO new buyer that is going to pay .0024 for that offering. IFFF someone did buy those shares from the offering I'll bet they're pretty ticked off right now. Down nearly 50% on paper and nearly a total loss if they tried to unload those shares. LMAO. Uh oh. Maybe that's why the advertising for the blockbuster private label deal hasn't been approved?
Says who? It's a back dated "offering" that nobody is stupid enough to get in on. Just more bull shit so Steve can get away with something on the fins. .0024! LMAO. I bet the "lines are around the block" at Steve's place to get in on that deal!!
OK. Good one. I actually LOL. This does look like there's about to be a sell off when the fins come out. Some folks are already jumping ship.
100% agree. It's a flat out lie from Steve. Steve would be suing the OTC if that was why the yield sign came up.
Why isn't Steve saying anything about this new million dollar buy at .0024? Could it be because there isn't one? Why was the filing back dated to coincidentally right before the share reduction? Could it be because Steve didn't want to have to show the true current O/S? Why does this company with millions in revenue need to take out a toxic note and now need to raise even more money? Why is this company so broke?
LOL. And the payment isn't even due yet according to Steve. Even if that was the reason for the yield sign (which it's not) what kind of CEO would let that happen instead of just paying the bill? Doesn't bode well for Steve either way.
So what happened to the "blockbuster" private label deal? The owner must have thought the advertising was crap. Back to the drawing board for another 6 months?
Yeah I've looked it over. You'll have to pinpoint the part that says a billionaire is coming in and buying the 450 million maximum share offering. Lol
That's right. Nobody except people here said a new buyer was going to buy the maximum offering. It's an OFFERING! Nothing more. And there's no guarantee ANYONE will take him up on it. Not even for 500000 shares. Not sure why that's so funny or hard to understand.
What investor? Steve never said a new investor was going to come in and buy the maximum of the offering. That's all made up fantasy land bull shit.
Steve never even said that there is a buyer.That was made up. The 450 million shares is the maximum for the offering. No guarantee that that mark with be hit. And yes one could have been sitting on the bid and got plenty of shares this past month for way less than .0024.
Then go ahead and take Steve up on the offer. It's open to anyone. Some mystery millionaire is willing to pay .0024. Why won't you? Only a 500000 share minimum? I'll answer for you. Because it doesn't make sense. Again I believe this filing is to somehow cover shares that Steve already sold. Don't get me wrong. I like this company but I think Steve is a lying coniviving pos who shouldn't be the CEO of a public company.
A smart investor wouldn't pay .0024 and immediately be at nearly a 50% loss. Not to mention be subjected to the same pitfalls of a retail purchase. R/S dilution and such. Pretty stupid investor.
If it was a legitimate offering and I don't care if it is aimed at one billionaire then why offer. 0024? The offer would be for .001 or lower. Not .0024. Or for preferred shares. It doesn't make sense. For that reason I think this filing is Steve covering his butt on shares here sold previously. If someone really wanted to help out the company they wouldn't do it by getting ripped off at .0024.imo
Clearly he's smoking his meds!
In fairness Steve didn't say anyone was taking him up on that "offering". That story was made up by others. But yeah, no billionaire is stupid enough to pay .0024 for shares when they can be had for a lot less from the market IMO.
I believe he's growing the company but Steve doesn't know shit about running a public company. Who lets a yield sign come up instead of just paying the OTC subscription fee as Steve claims is why the yield sign is up? Does anyone even believe that story? I kinda doubt it. Slap in the face to shareholders IF that's why the yield sign came up. Just pay the bill Steve if that's the case and get the yield sign removed!! Take out another toxic note!
Nonsense. Nobody is paying .0024 for shares when they can get all the shares they want off the market for under .002. NOT happening. That "offering" is available to anyone with a minimum buy of just 500,000 shares. Anyone here want to take Steve up on it? Come on. Apparently a billionaire is doing it! LOL. Yeah, I didn't think so. IMO that offering is just covering Steve's butt for shares he sold last year.
First off whoever dumped at .0014 blew it and left hundreds of dollars on the table so that's just funny. Secondly, I think this new filing is just Steve's new attorney trying to get him to cover his bases on things that happened in the past so he can sign off on the fins. Better late than never. IF this is really a NEW offering as suggested then it doesn't make any sense at all. What kind of moron would pay .0024 for shares now? Nobody is going to get in on that offering. It just doesn't make sense. Folks can get all the shares they want at .0016 to .002. Only an idiot would pay .0024.
Things like that is one reason that the PPS is where it's at. Lie after lie and deceit after deceit. Why didn't he just say that to begin with? Putting out a fake name like that is grounds for a halt in trading here IMO. Same goes for Sifthouse. His tweets made it sound like they were actually open for business. "lines around the block". LMAO. It wasn't until later he revealed they don't even have a permit. Then we have the "blockbuster going to blow us away" private label deal. He made it sound like it was going to be a household name national company. The market didn't give a crap about another east coast auto group. The PPS dropped when that deal was announced. Who's going to care what the name is? We've seen plenty of those deals already. How about the company that deals with every government agency in the world? More BS! Then he started pumping DETROIT! Someone is always in Detroit. Just another ploy to make folks think a deal with an automaker is in the works IMO. Last but not least he gets a yield sign. There's no excuse for that. Annual fins have been out nearly 3 months and he can't get an attorney to sign off on them!
That explains why there's no attorney letter for the annual fins. Looks like Steve can't find anyone to sign off on them. I wonder why they were banned.