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Patience does win the race...unless you are riding a donkey. And this pig is a donkey. So they R/S'd the stock to make the optics look better. They still have almost no revenue, and very little cash. The only way to get cash is to sell shares at a huge % discount, which is going to start the dilution all over again. I would think this is at or very near the high water mark until the next RS...which is absolutely coming
They have no revenue that is what is going to kill them. should have split 100-1 so they could then sell some shares at a price. THis is just going to trip right back to .0001
THis used to be a good company
Hey Sheep, see if you can find a single sub penny, 4 time RS company that any of them have acquired. Not likely
Moeclay is right except for 1 thing they have RS'd 3 times in the last 3 years and 4 times total.
Let me get this straight, they settle with Microsoft (lawyers get 65% of that settlement) they "sell" their company for $9 million they have "big news" coming and yet their stock is at .0002.
Strike anyone as crazy? These guys are liars, the CEO has come on this forum before and lied to everyone. They have sold about 600 million shares in the last 10 days.
This company is going to RS again, and again, and again. And by the way, their products suck. They have no distribution on either the mobile or the PC side.
And whoever started the rumor that something big is going on with TArget should shut up. Target would never do business with a company like this. They would never get through vendor DD. Give me a break.
POS company, POS management
Hey Sheep, Microsoft paid a 1 time license and now pays nothing. SFOR said it has a definitive agreement to sell to a company and get the proceeds in 4 years??? Righttt. By the way, the company has +$12 million in preferred debt so the $9mm in acquisition (if it every happens which is a 1 in a 1,000 chance) will go to pay off debt, shareholders will get nothing. The CEO and the other 2 knuckleheads gave themselves a 100% raise, the lawyers got 65% of the MSFT settlement as it was on contingency so the company is back where it was. No partners, no revenue, no need for their technology and a stock price back in triple 0's and about to R/S for the 4th time in the last 30 months.
This is a big time POS, don't let the pumpers sucker you here.
If you owned 2 billion shares 18 months ago you now own 2 (not a misprint)
Hey Ski and Pete where on the chart does it show no customers no cash no prospects?
Ski are you ready yet to call time of death?
Nice try Ski. You were fan #1 with all kinds of scenarios. On the other hand hope your surgery went well and the recovery is quick. That is a badass operation
Hey everyone relax. You will see how much the settlement was on the next Q. This company never has more than 10 cents of cash so it is not hard to deduce that the cash on hand will be +/- the settlement amount.
Make sense?
Anyone heard from Skichic? He has been cheerleading this POS for months. Turns out he was a big BS'r. He was so proud of his DD, kept bragging about it. His DD was reading their press releases and website. Like they would be truthful while in free fall.
Come on Ski weigh in. Give us all some more made up theories about mergers and lots of partners. .0001 is where the stock should be at. Technically the business is insolvent just like Ski's credibility.
Ski you have to stop the nonsense about a merger. Why would anyone merge? Just do an asset deal, get their very minimal IP, leave the very very minimal revenue for the shell and shareholders get nothing. the only merger they can do that is not a strip search is with another desperate company in the same boat.
You have been harping this merger nonsense for weeks and it is pure speculation with no facts behind it.
Just stop it is ridiculous
ski so your DD has led you to speculate that they are doing all of this because of a merger? As long as speculation is OK with everyone on this board I say that they are going to issue a PR that they have found life on Mars and signed a distribution deal with them just like the one they signed with the Koreans. Just like you, no basis in fact, and just as much of a shot of being correct.
THey have 1 partner and that is what will kill them. The partner will likely eventually just buy the technology (not the company) and shareholders will get nothing as first will come the note holders and second the preferred shares and even they will get almost nothing.
I only post on scam stocks, and so I have only posted on 2. The first SFOR is a pure scam with 3 RS's in the last 2 years. ABHI is on the exact same trajectory.
Does anyone really believe they will RS at 1-10 with a stock price of .0001-.0003? I don't it makes no sense.
Ski you should drop out. You have no credibility anymore. You post everyday multiple times and you are a cheerleader and nothing more.
The only ,,ABHI customer doing more revenue than $1k per month is PC Drivers and it seems that is unraveling. Stop BSing all of us and average down in silence. Your main contribution seems to be saying that they need a good PR. that will jump the price for a day while all the rats jump ship. This is going to land at .0001 it is inevitable
Did everyone see this reply from skichic? Come on man, get your head above ground. The CEO awarded himself more than 30 million preferred shares that more than double if they convert to common. Ski is claiming it was voted on. he is right, the 3 board members voted, 2 are employees including the CEO and they both voted themselves shares. Common shareholders like me and any of you who own the POS were just sent a notice of information. The CEO gave the shares to himself.
And they do only have 1 customer. This is going to .0001 and from there it will split a few times and then go away. no revenue means no interest and that is where the company is at
SKi you have no balance man. you were hyping this stock at 10 cents and now hyping it even harder at 3/100ths of 1 PENNEY. This company has 5 employees, 1 partner, no revenue and no remaining assets other than the Veloxum IP which is generating no revenue and was generating no revenue when they purchased the company. The CEO is creating new classes of stock and giving himself 10 million and 20 million PREFERRED shares without any shareholder approval.
The tea leaves are already clearly showing the outcome and SKI, you keep writing that they just need a few good PR's like that is going to make this a real company. That is pure BS.
This not long ago was a real company with real revenue and a stock price in the $'s and not in the 100ths of 1 PENNEY. Those are real facts.
Ski so we are different. when I get a stock like this that I have lost 98% there is no reason to sell, as it makes no difference. So I hang around and see how it turns out. I post honestly and don't bash, but there is nothing good about this stock. I was still optimistic until they started releasing ridiculous PR's this summer and fall. Pure BS means they are desperate to just raise the stock price and not fix the company.
this used to be a good company and a good stock. now it is a shell that is going to stay alive so that the CEO can milk it for whatever is left. too bad
hey Wheeler, I focus on a few plays and don't post a lot. I post facts, not the gibberish many of these people post. I would love to make a bet with you on your prediction, could win back all my losses on this incredible POS stock. I was in another just like this (SFOR) and it is almost identical. went to .0001 and now has RS'd 3 times in the last 20 months and will again early next year. same model... no revenue, no assets, old company, crap management but it never changes. I have had some really nice winners, but the 2 big losers are almost identical. that is why I already know what is going to happen here at ABHI.
but good luck, if it turns out well I will win alongside you.
If only "followers" were money, I would be rich!
there is no good news here. I don't get all the speculation about this and that. here are the facts: the revenues are absolute shit. the company has 1 distribution partner and they are fighting and the partner model is to give the software away for free and try to upsell. There is no reason for a merger, makes no sense as the NOL's from ABHI very likely have no value for an acquirer. The technology is PC centric and while there are billions of PC's, the PC optimization market is dominated by established players. ABHI has no $$$'s to fight it out so they have to resort to hail mary plays like the Korean gaming market. The mobile optimization market is wide open...but they are ignoring this. there are many more "facts" about the current state of ABHI but the most devastating is that no credible big company will partner with a company that has no revenues, a triple 000's stock price, multiple classes of stock, no reference partners, etc. They don't have a chance of partnering with Dell or HP or anyone like that. they would not make it through the internal DD process.
They are creating new classes of stock and then issuing preferred shares without any equity investment that convert at a high multiple. splitting 10-1 and then having a stock price of .005 seems idiotic to me, they should do 100-1 or even 250-1 to get a price that is realistic post split.
this company has I think 5 employees and 2 are from the Veloxum company so they have no real expertise on the business that a few years ago did multiple millions in revenue and no depth on the new business that they are banking on that did $6,000 (that is 6 thousand dollars) in revenue last quarter. My wife would call this an absolute shit show.
there is nothing here, and there is no PR that is going to make any difference. the company is technically and legally insolvent, they can only stay alive by selling assets (they have no more to sell) or by selling shares (they have billions they can sell)
there is not a chance the O/S is less than 200 million shares, likely in the 250-300 million range.
Dozer is there a link or a filing on this? on the surface it makes complete sense. where is the info coming from?
Hey Ski you are embarrassing yourself. You have been schilling this stock nonstop for months. You are either one of the 5 or 6 employees or you know nothing about this kind of play. Sit on the side and let the grownups discuss this.
I just finally skimmed their quarterly statement. WOW. didn't the CEO tell us revenue was going to be substantially up? Didn't he say more than 100%? didn't he issue a press release saying how great the PC Drivers distribution was, how fast it was growing? didn't he tell us in another PR how great the Korea gaming market was? Didn't he do all of that?
Then they have revenue of $6,400 (yes that is 64 hundred dollars. that is stunning. Now Skichic/JH tell me how you reconcile all the PR's against actuals.
I will say this, the CEO is doing a miraculous job financing the company with so many individual transactions. The yield is not good, but at least he is raising cash.
WOW
Hey Skichic (I mean John Hwang) you publish so much BS posts here about this company I could have quoted you in the fantasy PR. mine is just as likely to be posted as everyone else who is "guaranteeing" that there will be a PR the first week of January...just like the guarantee that we would have one this week, last week, the week before, and the week before that.
Total BS
this used to be a good company
I got an advanced look at the PR for early January. It reads as follows:
"In an effort to keep my company alive I am announcing the largest deal ever in the company's history. It involves a very large market with more than 2 Billion users. While I cannot say that a single one of them will use our technology, and while it is highly likely that actually not any will, I know if I write this correctly there are enough knuckleheads that will not read past the first sentence and I will thus be able to pump another 200-300 million shares into the market before I RS the stock at 1-500. I look forward to issuing more inane and untruthful PR's later in Q1 when my stock has once again slipped to triple 000's and I need more funds. While my business is fundamentally dead, there is no ceiling on how many shares I can issue before finally taking the company Chapter 11 so I can clean up my balance sheet and start the cycle all over again" says John Hwang CEO of Ambicom.
This used to be a good company.
their only plan is survival and the only way to do that is to sell shares which will get the price down near .0001 which is the death knell. then they will have to announce NOT a 10-1 RS but a 500-1 split so that they can get the share price into pennies and not tenths of pennies. but then the stock is not worth pennies so it will crater again.
seen it a few times before. sad, this was a good company.
Gloverpark2....it is wishful thinking
skichic here is my definition of revenue for a technology company. When the company does less revenue than the husband and wife team that deliver my newspapers then that company officially has no revenue. we should not have to argue this point. the CEO blatantly BS'd and announced a +2X revenue bump in what was a series of complete BS press releases. They have no revenue, which means they have to sell shares and because the price is now about .0002 to the MM's they need to sell about 150 million shares per month to operate. actually maybe more. Yes they have cash, but it is an illusion so the only thing they can do is dump stock.
Used to be a good company.
I don't get how everyone seems shocked at the current stock price. They have NO revenue. this is not an early stage company. Ambicom just a handful of quarters ago was selling at several dollars a share and is a decade + old company. they bought Veloxum which was a decade old company with no revenue. now today, combined, they have almost no revenue. what kind of PR can fix that problem? They issued that stupid PC Bangs Korea PR, they issued several about how great the texas company partnership is going but they cannot get the revenue going and they have expenses like the company they used to be not the company they are today.
it is at triple zero 5 because the rats are getting off the ship before it sinks. I don't care how many dollars they have in the bank, a company like this all of their cash is restricted so having it means nothing because they don't own it.
because I still have 400,000 shares. The crazy prognostications of some of you posters are interesting and fun reading. everyone is waiting for "news" and every week the stock goes down another 20% and every week there is certainty it is going to bounce.
I am more clinical, I took a risk based on the partnership with the company in Texas and thought they would leverage that into new partners. but it is not happening despite the fact that the technology is solid and the optimization business for PC's alone in the US is several hundred million dollars.
they have no sales talent, and thus are not selling anything and doing these crazy long shots like the south Korean gaming market.
and lastly, I don't like shills foaming at the mouth like purefree and skichic do on this one. ABHI is a stinker, and that means we are all going to get gutted. for me a learning experience
This stock is so shitty even Scotland has lost interest and has not posted in 3 days. Should be at .0001 by new years eve. Has to be a new record, 3 RS's in 19 months and all the way back to .0001 in 3 months post the last split. They are not even pretending to be a company any more, just a pure play scam.
almost all the way home to .0001
Purefree I am not sure whether you are just optimistic or simply delusional. there is no reason for optimism here, they have few options and will be out if they cannot generate some revenue. they don't even need income, just revenue.
My take is you should stop making these pronouncements that amount to guesses and just follow the stock like the rest of us. when you shill a stock like this and have no balance to your statements it makes me think that you work for the company and are just trying to get people to keep buying this POS
I agree with the prior post, shares outstanding are likely to get in the 300-400 million range prior to splitting. Still fairly low for this kind of stock price and it wont help the "optics" of their stock price as it still wont even be 1 penny. it also wont solve their cash issue, as in they have none. they are generating cash by selling shares not through operating results so the chances to highly dilute and then do another RS seem very high to me.
fundamental issue is the primary way they get cash to operate is by selling shares, which drives the OS share count higher, which drives the price lower, which drives the OS share count higher, which drives the price lower. it is the toilet bowl effect and they are trapped in it for now.
skichic when a company has only $50k in cash, that is the same as having zero cash. and they don't have any of those companies as current clients.
it is a 1 or 2 store test, nothing more. although it is an artfully crafted press release. DD is not reading press releases, it is reading and studying both the attainable market and the company financials. The financials are horrible by any standard and the attainable market is in the mobile space but all their attention and PR's are around PC. They Are Doing Virtually NO Revenue. This used to be a real company with millions in revenue
skichic, they have 1 client and that client while a good one does not sell the Veloxum product as a primary offer, it is a free and or secondary offer. They don't have clients and you should probably be skeptical of a 12/100ths of 1 penny stock when they issue press releases...just saying
look at their last filing...they had no cash. maybe getting cash from stock sales?? only traded about 75 million shares last 10 days. you think none of them were new shares to the market??
They have no cash, very very little revenue, no market cap and unless someone takes a big flyer on them no borrowing capability. to me that is insolvent
Veloxum had/has good technology but they did not create any sales. they were down to 2 or 3 non paid employees when Ambicom purchased them for no cash. It is not difficult to find out this data. Seems to me Veloxum transferred their revenue problems over to ABHI as now they cant sell anything either.
Purefree you are just a shill for the stock. Going to climb 1,000%??? come on man, that is pure nonsense. this not long ago sold in the dollars, not it is almost in the hundreths of 1 penny. Its ok to have opinions, but there should be some sanity to the predictions/opinions. before they can go up 1,000% they actually have to get revenue over say $1,000 per day. that would be a good start just to get the price back to 1 penny
hey Purefree is this your idea of due diligence? give it a rest. the company issues bogus press releases to generate interest that is all. none of the PR's have translated into the optimistic results that they have predicted.
now they are selling/dumping shares to get enough cash to stay afloat.
I am not a basher, I think the optimization technology is compelling. they have to get customers who can make a difference and it is hard to get big customers when you are basically insolvent.
I agree Scotty provides a valuable public service