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I remember when BYOC went to .16 on speculation that they were going to acquire a company with 20M revenue.
Now we are 5M/yr revenue company and the CEO just told us he is looking at a 50M revenue company with 20% growth every year and funding in place.
Do you think they would have released that statement if they didn’t plan on making it a reality?
I think not, uplist coming, they have already met with Nasdaq to sort out requirements.
Going to be a big year.
Getting excited here, investors buying shares, notes canceled, acquisition targets with 50mil rev, uplist coming. Unreal BYOC
Lol what? Damn!!!
We are actively engaged in discussions with acquisition targets that range from $5 million to more than $50 million in annual revenues, are cash flow positive, growing revenues 20%+ annually and require minimal operational capital.
From what I can see all of the charts similar to BYOC that were all brought down in similar fashion at the same time are now starting to bottom out. I would guess the next month or two will be very green out there. BYOC
Look at the volume today, I think bottom is in here. Holders will do well as updates unfold. BYOC
I bet 2021 will see a 30-50% increase in revs with a much cleaner balance sheet.
Revenue producing acquisitions bring the revenue up don’t forget.
Not this time, discover note is canceled/returned and investors are buying. Shares are being accumulated as we speak. Up from here.
Long term support, should see a nice bounce from here. BYOC
I would say there is a very good reason the company has become active on social media and just started a you tube channel.
They have been current for 2+ years, they were OTCQB before the former CEO died.
The investor buying at .01 is not looking to break even. I’m sure they will convert when the price is much higher. I’m still not clear what’s happening with the $2.7M note that is being returned/cancelled. Trying to get clarification.
An investor who has signed an NDA has agreed to convert 1 million worth of common stock at .01. Enough said, something is coming. BYOC.
Read carefully, their filings will be much different going forward the the next Q is not far away.
Pursglove, concluded, "More recently, Beyond Commerce has executed several corporate initiatives that we believe will enhance shareholder value. Most importantly, we have strengthened our balance sheet by eliminating a large part of our debt and increasing our cash position. We look forward to reporting on the progress of these potential highlights over the remainder of 2021."
Subsequent to the End of 2020:
On March 19, 2021, Beyond Commerce entered into a securities exchange agreement with an existing institutional investor, whereby, in exchange for the Investor returning to the Company for cancellation the Senior Secured Redeemable Convertible Debenture in the initial face amount of $2,717,391.30, issued by the Company on August 7, 2018, which was convertible into Common Stock at a variable conversion price, the Company is issuing to the Investor 1,556,905 shares of the Company's Series C Convertible Preferred Stock, which are convertible into a fixed number of shares of Common Stock
On March 31, 2021, Beyond Commerce entered into a Stock Purchase Agreement with an existing institutional investor pursuant to which the Investor purchased for $1,000,000.00 in cash 10,000 shares of the Company's Series C Convertible Preferred Stock, convertible into 100,000,000 shares of the Company's common stock, at a fixed conversion price of $0.01 per share.
Joined you at .002, I’ll give them an hour to have their fun. BYOC
More recently, Beyond Commerce has executed several corporate initiatives that we believe will enhance shareholder value. Most importantly, we have strengthened our balance sheet by eliminating a large part of our debt and increasing our cash position. We look forward to reporting on the progress of these potential highlights over the remainder of 2021." Subsequent to the End of 2020: On March 19, 2021, Beyond Commerce entered into a securities exchange agreement with an existing institutional investor, whereby, in exchange for the Investor returning to the Company for cancellation the Senior Secured Redeemable Convertible Debenture in the initial face amount of $2,717,391.30, issued by the Company on August 7, 2018, which was convertible into Common Stock at a variable conversion price, the Company is issuing to the Investor 1,556,905 shares of the Company's Series C Convertible Preferred Stock, which are convertible into a fixed number of shares of Common Stock On March 31, 2021, Beyond Commerce entered into a Stock Purchase Agreement with an existing institutional investor pursuant to which the Investor purchased for $1,000,000.00 in cash 10,000 shares of the Company's Series C Convertible Preferred Stock, convertible into 100,000,000 shares of the Company's common stock, at a fixed conversion price of $0.01 per share.
That’s all priced in, what’s not included is the new contracts, they will show on the next Q which is right around the corner.
17.6 x ARR, holy crap. BYOC
I think this stock should be dollars on revenue alone. Not sure how it’s sitting at 38M MC with 100M revs.
What do you think of today’s 8K?
The nice thing is we get a 10K in the next week and a 10Q a month later which will show revenues since Jan.
Within the next month and a half we will have a good picture of what the contracts are worth.
Acquisitions, new contracts, increased social media activity and communication with shareholders, Investors buying shares. Lots to look forward to in the very near future. BYOC
Only one reason for the recent events, they are looking to get the PPS up now, building shareholder value. BYOC
Wrong “opinion” again, verified by the CEO today they extended the 10K to include the 1M equity financing at .01.
That has nothing to do with my post regarding SaaS company revenue structure but great to see your self proclaimed superstar.
They are in the business of making money and at .01 they believe they will make money based on information we don’t currently have. Going to be lots of green going forward, if we have to close the gap first so be it, I’ll wait. BYOC
You have some learning to do in the SaaS space and the way startups are structured and valued.
Here a nice list, you might recognize some of the names.
https://media-exp1.licdn.com/dms/image/C5612AQEbIHtpgJ_MNA/article-inline_image-shrink_1500_2232/0/1605719175714?e=1623283200&v=beta&t=mGAzKpnAfk0K5YkxrpkFPzSmtHqilVaHZwY2wxrcIXQ
I have never seen that before with BYOC, very strange.
Beyond Commerce Closes $1 Million Equity Financing Priced at $0.01 Existing Institutional Shareholder Invests Additional Capital at a Fixed Price 370% Above Current Market Share Price
This is one of the best PRs I have seen from BYOC, looks like they are focused on share price now.
Beyond Commerce Closes $1 Million Equity Financing Priced at $0.01 Existing Institutional Shareholder Invests Additional Capital at a Fixed Price 370% Above Current Market Share Price
Heres what another company that did a similar preferred investment clarified.
“I would want to clarify; all preferred equity has a minimum of 6-month hold due to Rule 144 with SEC. Plus, it is at the market price at the conversion time, which would be a minimum of six months. But the investors we are talking to are looking much more long-term than 6 months.
Plus, all that capital requirement can change once the revenue/profits start to roll in from our product and retailer launch. So we might not even need close to that much. We are looking to add shareholder value & not destroy it.”
Food for thought. BYOC
Nice! The big question being, what are the funds for? Are we going to keep seeing steady investment coming in?
Yes it does.
More investors buying C preferred shares, nice to see! BYOC
Extending earnings are usually because they want to include recent information in the filing. That’s all. Is that a hype? Like if they made a deal restructuring debt, maybe they would like to show that. If they closed an acquisition perhaps they would like to include the acquired companies financials, lots of reasons out there.
Grabbed some based on the charts reversal that popped up on my feed. Please tell me this is an undervalued company with a great story.
Every past extension has resulted in positive reports. You don’t put off a report just cause it’s bad obviously. BYOC
I think I’m going to start buying soon, your negativity is making me want more shares.
Meh, this scam does 5mil revenue a yr and growing, just cancelled the toxic note and received 2.7M from the very entity that held the note who is now an investor holding C series shares.
Lots going on obviously.
C investment, the note holder may have paid off the note before returning it to the company and we’re given the note value, 2.7M in exchange for C preferred shares.
I don’t want to guess what they will do with the money cause using it for growth makes the most sense but I seem to remember someone saying the shares can always be bought back from Discover.
As of the last Q Discover converted $1.6M of the $2.7M (could have converted in full by now) and they are now cancelling the note and returning the $2.7M to BYOC in exchange for preferred shares.
If this is correct and I’m not sure if it is but that’s how I read it, what is BYOC going to do with the $2.7M and what are the terms with Discovers new found preferred shares?
Is Discover giving back $2,717,391.30 in exchange for 1,556,905 shares of C preferred stock?
On March 19, 2021, Beyond Commerce, Inc. (the “Company”) entered into a securities exchange agreement (the “Exchange Agreement”) with an existing institutional investor (the “Investor”), whereby, in exchange for the Investor returning to the Company for cancellation the Senior Secured Redeemable Convertible Debenture (“Debenture”) in the initial face amount of $2,717,391.30, issued by the Company on August 7, 2018, which was convertible into Common Stock at a variable conversion price, the Company is issuing to the Investor 1,556,905 shares of the Company’s Series C Convertible Preferred Stock (the “Exchange Shares”), which are convertible into a fixed number of shares of Common Stock.