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Wow, no insight as to how the cash is being raised for the purchase? If it is not dilution, what could it be? Wouldn't think it would be too hard to figure out. I am all ears to hear how else peole think the money is being raised....Funny (not really, more sad and ostrich like) crickets....
There have been bumps of selling since this thing was around a penny. I would venture to guess, being my head is not stuck in the sand, that close to all the selling as of late has been Greg diluting the stock in an effort to pay himself for a company that he has claimed as Sings's since I have been following this stock. I would guess if you buy stock, it would be company dilution and not retail sale more often than not. Hence the reason the deal has STILL not been announced, people are no longer buying Gregs aloof plan, so he can't dump the stock as fast as he wanted...Bummer, nice try Greg...Try a Havanna vape....er i mean....
Deal will never close with this kind of volume. Nobody is buying Gregs BS anymore
No news on finalization. As stated in previous PRs They are still waiting to raise funds for the cash portion. And as pointed out, volume has been low so will need more time to dump shares. I am sure they keep putting out PRs in hopes of pumping up the price, to limit the amount of shares diluted, but they have not worked. At this rate right after funds are raised a R/S will be needed because the shares are being sold at a high value for what the company is, but at a low cost for what the share structure will support.
Could someone, ANYONE with actual knowledge of how pinkys fund tranactions, please explain how SING would "come up" with $600k+ of cash to fund Greg buying a company from himself? I know there is belief that it wouldn't be from diluting the share count, or toxic debt(which is basically diluting the share count) but come on , I have to be realistic in my thinking. I just don't know how this cash would be raised being there is no actual business upon which to base a loan. They did PR a 10mill equity loan back in april...but that must have been another lie otherwise we would have seen the regristation of a new class of shares and SING would have no need to raise money......PLEASE SOMEONE help me on this question. I know the actual share count hasn't been updated since June 10Th but i would be stupid to think he isn't dumping shares, right?
How else would Greg raise the funds with out dumping shares (which hasn't been updated on otcmarkets.com for 3 months) or toxic fin? Am all ears to how else stinky pinkys raise cash......?
Crickets SING
Buying text2Bid they had to come up with 600k+ cash, how would they do that without selling shares? I am all ears.... If pennies have another way of coming up with cash when revs are little to none, besides selling shares or toxic debt...I would love to know....Anyone? anyone?
Not sure they have dumped enough shares yet. They keep putting out PRs on it to drive share price up so they have to dump less shares but it just don't work. It is all still waiting for them to raise enough money; even tho they PR'd that they had a 10 million line of credit earlier this year....Will the lies ever stop?
I see clay do a video, I am out the very next chance I get. I never have seen a stock go up after one of his videos. NEVER. When Clay shows with his "Heres the support" videos....Look out below....guy kills MOMO.
That's just it, he is looking for the new crop of fools to buy his song and dance. He might be better at dancing if he were to jump on the fad as soon as it hits. He was late mentioning bit coins, didn't help. He was late mentioning the THC market, didn't help. He was late mentioning the vape cig market, didn't help. He tries too hard to do the "in thing" but is always months late to the dance. Oh the geopositioning, late again. It would be different if he touted some of this stuff and then actually brought it up again. Everything is a one pump charlie. Thats why I had small hope for the cashless atms, he actually stuck with that for a while, but realized those that wanted the cashless ATMs had them thru another company. Gregs technology has passed him by. His pumps only drag the share price down further. Better off opening a couple pizza joint franchises and trying a whole new market.
Is that you stunt?
That was about 3 business models ago. I am Sure after he buys Text2bid from himself and sees that the 75k in revs a year doesn't boost share price, there will be yet another business model...What ever happened to pay by text? Were we not to look for it at a store near us? All i see is google wallet, paypal and applepay....Must have missed the payby text.... Was going to use paybytext to purchase a Havanna vape cig....bummer
he probably is starting a company for greg to acquire..... big PR coming....watch for it
Sounds about right, heck only a week away from uplisting
So when can I buy a vape from havanna?
You need to download the legal420 app, find the nearest pot store and buy a big fat joint. Then go home and smoke that joint and realize you just did more for Singlepoint in that one action than Greg had the whole time he has owned the company. Congrats.... Be happy next week audited financial to uplist to QB. He fails to mention that he'll have to reverse split to bring price back above .01.
I am all for the execution of this company...
THIS COMPANY IS A SCAM. they have announced endless roll out of product but have yet to come thru. They have endless notes that get converted at a price of .0001. If you are looking for them to actually roll out a product you are listening to the wrong advice. Those giving this advice, I feel, are insiders undercover. Who else would stand by a company that continually scams investors? Now they doubled the authorized shares and you are told this is a good thing..... SCAM
made enough money on this, but not enough to call it worth while. And not enough to scam others into buying Gregs lies. Others may like painting pictures of butterflies and rainbows to sucker others in but i choose not to.
not bad for dilution? Those numbers are straight numbers at todays current(at the time)pps. To get the equity loan they will have to cough up 15-20% premium, so add that amount to each amount I wrote
That would be a 59.5 mill-119 mill dilution...ouch. Has to pay himself for his company some how. That's ok, he will make up the dilution by selling more digital signage, err i mean geopositioning software, err i mean cashless atms, err i mean legal420 app ads, err i mean vapes, err i mean drink cart apps, err i mean pay by text
whoa, wait you mean this PR was a lie?
http://finance.yahoo.com/news/singlepoint-inc-enters-equity-line-131000506.html
Why do they need to raise money when they had lines on 10 mill? The hits just keep on coming. How there is any investor confidence left is beyond me. Anyone who still supports this company after being thru all their BS has to either be an insider or paid pumper.
Greg must be dumping shares to pay himself for text2bid.
Remind me how this is going to uplist when the pps is under .01. I mean you do realize the minimum share price to up tier to the QB is .01, and that share price has to be held for 1 month after dipping below .01 for more than 3 days.
As long as i have been following this company they have claimed Text2Bid as one oh THEIR products. Now they are buying it from the company that actually owns it? Why has it been claimed as theirs this whole time? Misleading? I think so. Greg is Greg's best customer.
Wish there was a like button for that....LIKE....LMAO
Dilution is dilution. If its at a some what slower rate is beside the point. The facts are that with this new deal the outstanding shares will be close to maxed so to account for note conversions they will have to either raise authorized shares or reverse spilt. This new deal will dilute the count by 125 million. and per the LOI the deal is only going thru if the money can be raised. I did calculations at .01 a share. Currently price is below .01 so more shares will have to be sold to finance the deal. Dilution will happen before deal is inked. Greg is selling yet another company to himself and doing it on the backs of shareholders. He makes money from the sale, but doesn't care about Single point because that is just the vehical to receive this money.....LOL, got em again Greg. Good job. I used to think you were an idiot but i do see how you are working this to your advantage, bully
from Q3 14:
With my DD i will be as exact as Greg is in dooping share holders. within 6 months it has gone from 295 mill to over 330 mill. Lets not forget about Greg converting some of his preferred shares as well. Turning into a dilution machine. Knock Knock...Whos there?...Reverse split, let me in...HAHAHAHA
Dilution has picked up as of late. Little while ago it was 295 mill, then 315 mill couple months ago. Now 332 mill... Wow, picking up. Now with this new deal close to max. Will either have to reverse split or raise the authorized.... Bummer either way.
Maybe instead of single point shares they could give them Havana holdings shares. They have 1.4 million with of Havana holding shares, it's a deal there....
Should dilute the stock to the tune of 125 million shares.... Next step reverse split.... LMAO. Greg is a snake oil salesman, goes by the motto "there is a sucker born every minute"
I see the market is responding accordingly. Market is getting tired of Greg's games. Shares and money. More dilution. LMAO
Wow, no surprise. More inside baseball. Doesn't SING already claim Text2bid? Do a Google search for mobile bidding technologies Inc and see what you come up with. Text2bid is owned by maestro. Who runs maestro?.....
Our Team
Eric Lofdahl, President
Eric Lofdahl has over 20 years of experience in the technology sector, including positions in software development, program management, and complex system integration and engineering process definition. As Vice President of Engineering at SinglePoint, Mr. Lofdahl led the definition and deployment of the company's Mobile Messaging, Anti-Spam and Content Delivery products.
Prior to that, Eric worked at the Boeing Company, where he led a team that successfully developed advanced wireless and satellite data products based on commercial technology for the U.S. Air Force. Also at Boeing, he directed the teams that developed new products and capabilities for a number of military airplane programs, including the AWACS, F-22 and B-1B programs. Eric holds a BS degree in electrical engineering from Iowa State University.
Greg Lambrecht, Senior Vice President
Greg Lambrecht has a successful track record, for more than 20 years of founding and leading start-up companies focused on building new retail distribution networks. As the founder of PCI a leading consumer product distribution company, Mr. Lambrecht negotiated agreements with the nation's largest retail outlets such as 7-11 (Southland Corp), Albertson's and Costco representing 25,000 retail accounts.
As the founder and largest shareholder of PCI, Greg lead the company through a NASDAQ listed IPO, raising $10,000,000 USD for PCI.
Mr. Lambrecht also founded Millennium Marketing, a firm specializing in distribution of prepaid wireless, Ringtones and Games throughout retails stores in North America. Prior to founding Millennium Marketing, Mr. Lambrecht launched several distribution companies from the ground up to service national mass merchandisers and retailers including his first venture, Rosehearts, Inc. in 1984. Rosehearts sold impulse products to convenience, grocery and "big box" stores throughout North America.
Upon the successful sale of the Company in 1988, Greg launched Can-AM in 1994 to service mass merchandisers in Canada; in 1997 expanding Can-AM into Premium Cigars International (PCI). Mr. Lambrecht successfully developed and grew the PCI's cigar distribution program to 20,000 accounts.
As VP of Sales for Single-Stick, a retail tobacco company, Mr. Lambrecht increased sales from $300,000 USD per year to $40 Million per year. Mr. Lambrecht has a B.A. in Communications & Marketing from Western Washington University in the United States.
This guy is really a snake.
Suppose it wouldn't take a rocket scientist to figure out that he misspelled the word. Just incase you are still stumped, I believe INEPT was the word he was attempting to write.
so a 40 million to 60 million market cap by end of summer with revs under or around 300K? LMAO
it was a copy of a post from biphelps, gonna have to ask him