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COME ON IN THE WATER IS WARM. ONLY A FEW SHARKS HERE SWIMMING ABOUT. THIS THING IS A PIG. $10M DOWN THE TOILET BOWL SO FAR. NO SALES AND NO INDUSTRY PARTNERS. ANOTHER EQUITY RAISE COMING UP AROUND THE CORNER AS THEY ARE RUNNING OUT OF MONEY AND PAID ANALYSIS TOUTING THE STOCK SO THEY CAN CONDITION THE MARKET FOR THE NEXT RAISE. GO AHEAD AND BUY SOME..LOL
More dilutive stock offerings to come.
With their present burn rate and no revenue sources its 9 months or less before they have to begin offering more stock to the unsuspecting public so that they can keep this farce going.
Presales since June 1=780 units.
LOL...nobody wants this thing called the Wocket.
Let me know when you get yours and how many people will accept a faux credit card device which is not backed by the banks? Will wait patiently for your reply.
These people get it...
https://www.plastc.com/
Chip and PIN support on the card and facial recognition security features in the companion app were also listed among Plastc’s main benefits, as was the companion app itself, which will also be a one-stop-shop that allows users to check account balances and perform other tasks without the need to open their banks’ apps. Marquis said that Plastc will launch with seven partner banks including American Express, Bank of America, Chase, Charles Schwab, Citi, US Bank and Wells Fargo.
sold 35,000 cards their first day...
they have banks supporting them...
who does wocket have? nobody
how many wockets have been presold?
you will find out in the next 10Q, sold only 533 in month of June
NEW WOCKET RELEASE DATE ANNOUNCED!.
THE FIRST OF NEVER. LOL
Here you go ask the boss when you are going to get your Wockets?
gino@nxt-id.com
You can see they have really big plans for the company assigning email addresses with first name only! That should allow for about 20 employees before they outgrow the format...
Stock Sales have financed a comfortable retirement for the insiders. No sales, no product, no future.
Big Surprise the underwriters posted $6 stock price targets and a buy rating. LOL that will definitely inspire me to go buy boatloads of stock.
You might want to check your facts Mr Wildcat.
First the product went into presales June 1 which is 4.5 months ago and now they say it wont be ready until January. My guess is it will never be ready but who cares cuz come the next 10Q you will see how many presales have occured. They only had 533 units sold in June.
Secondly, with EMV coming out the product will in fact be obsolete before end of 2015 and if you do any reading at all about EMV you will see that it can not be cloned or emulated by any other device. Meaning that the Wocket can never be EMV compatible without an agreement in place with the card issuer and i see non of that happening.
Presales in June were 533 units. The next 10 Q will be very telling as to what presales are to date through the period of September 30th and whether anyone ever wants to buy the product assuming that they actually ever deliver a working Wocket. Stay tuned Nov 15th will be the day for revelations.
Thats right buddy its a free country so you are free to close your eyes for as long as you like
PAY ATTENTION FROM THE PRESS RELEASE "We are working as hard as possible to accelerate delivery for our pre-orders this year and are steadily gearing up for full-scale production in early 2015" Another delay.
This product is a fantasy like all Disney stories are, they should have their headquarters in the Magic Kingdom.
Why you dont believe their Friday after hours announcement? LOL.
Sure buddy he"gifted" 600k shares worth $1.5M who is he Warren Buffett? The shares went to a friend who will sell them and split the proceeds with him. Wake up!
Yep but I will give them credit cuz its working!...
MArket adoption is biggest hurdle for any disruptive new approach to technology. It never is as simple as build it and they will come...
A real company has to have:
1) A working product
2) a value proposition
3) customers
4) sales
5) profits
6) valuation commensurate with actual financials.
this company doesnt demonstrate any of the above yet...
I can say i have the cure to cancer...but somewhere in the equation i actually have to show people that its not snake oil and all of the above will take this outfit many many months to achieve if they are really really lucky...
its a lottery ticket at best...
for now the insiders are the only winners...
its pretty much a wet dream....but for some people thats almost as good as the real thing...
Hasnt been accomplished by NXTD either, where's the product?Notice no mention of delivery date.
"We believe we are delivering something to consumers and the market that has not been accomplished by our peers and competitors.
Gino Pereira
Chief Executive Officer
Nxt-ID. Inc.
"
Buddy Wake Up...There will be no functional Wocket product. And with respect to being sold in stores, where exactly have you seen that NXTD has any distribution agreements with any sales channels. Are you dreaming or what?
A movie advertisement run as a company PR thats good use of investors money!...There you go you asked for BS and you got it!
Its A Bridge to No Where Product
NO BID SUPPORT IN SIGHT!..HELLO OTCBB ITS NXTD HERE ASKING FOR PERMISSION TO COME BACK ON BOARD...LOL
Your phone correct!..Hello...I don't want a phone and another electronic gadget in my pocket and neither does anyone else except someone who doesn't carry a phone. That limits your market to 90 year old people. And all the old stories about what if you lose your phone and what if it runs out of juice....so what if...
I mean really the whole premise of the wocket was badly over rated and smart money knew that from day 1.
There are two things you need to look at closely when investing in anything you think may be disruptive. 1) Management pedigree
2) Market Adoption. Technology and capacity to deliver the promise is really not even of primary relevance as you can assume it to be there.
So with respect to that lets look at NXTD.
1) Management pedigree. Not good. They hawked their little idea to a number of VC outfits. That's where you start when you have a big market oppty that is going to change in a major way the way things are done. They all passed. Why? Well maybe because the people were not up to the job. But that doesn't matter since VC bring in their own people. So what was it that wasn't good here. Well its #2
2) Market adoption. I mean really someone put this idea exactly into the category that its really in a $150 palm pilot. Apple has real biometrics NXTD offers unproven wannabe biometrics. Apple can make a product for a $1 and sell it for $5. NXTD will make a product for $5 and sell it for 50 cents. They presold 500 Wockets in the first month. Come on...that's $1M per year in gross revenue after doing CNBC ads and pumping out a PR a day for months and months. Obviously nobody wants the thing, it has nothing to do with if it will ever work. So what if it does, nobody wants it!
That's my take and it has nothing to do with Apples announcement. Apples announcement is why NXTD was able to sucker so many investors into this dead end investment in the first place.
frankly that's too much to pay but its certainly closer than $2.00
If you think a million to one odds is a good bet go for it...
I would wait until its around 10 cents....then the payoff is a lot more in line with the odds.
$1 Per share is the NASDAQ delisting threshold.
If support holds...maybe this sucker turns around before then...
if not the boatloads of selling will put this thing back on the OTCBB in short order. The good news is the company now has a boat load of money in the bank courtesy of the retail suckers who fell for the Wocket story...the investment bankers who sold 2M shares to the unsuspecting public should be ashamed of themselves for putting their finger prints on this thing.
It might take a few more months since they have to go under a $1 to lose the listing. but it will go there eventually . lol
Buddy you better learn to read SEC filings. These are all share disposals. And the supposed gift of 600,000 shares is laughable.
He is selling through another party as opposed to direct through the market via a 10B4 program. Its all a SCAM.
THERE IS A DEAD SHORT TO $2 AND THATS WHERE THIS POS IS GOING TO GO BEFORE THE DUST SETTLES...THIS PRICE ACTION WILL KILL THE SECONDARY AT $2.75 AND NASDAQ WILL GO DOWN SHORTLY THEREAFTER. NEVER SEEN THIS TYPE OF TRAIN WRECK BEFORE. AMATEUR HOUR.
no revenues only way to pay the bills is issue stock..
those cnbc ads are not free, if they dont get sales they print stock
classic good news/bad news...
good news-you got your nasdaq listing
bad news-you also got a $2.75/share price
I didnt ask any questions. I made statements. When they are proven wrong please let me know.
Because as of today:they have not closed the secondary finance offering, they are not listed on NASDAQ, they have not shipped 1 Wocket.
MY PREDICTIONS
1) Failed secondary finance offering
2) NO NASDAQ listing
3) NO functioning Wocket
Let me know when any of the above are proven wrong. I will be waiting for your posts. LOL
Read and Learn
http://recode.net/2014/08/26/the-coin-cards-problems-may-extend-far-beyond-delayed-shipments/
See your future....The Wocket has the same problems COIN has...
only works some of the time....
very time limited market opportunity....
COIN is backed by smart money and is going to die an ugly death...
NasDaq listing for NXTD is based on succesful completion of secondary offering....did they finish it ? No, so until they do you are all wishful thinking about the technology, about the market place, about NASDAQ, about the basic survival of the company. You will find out shortly cuz if they whiff on Nasdaq this company is worth less than a roll of Charmin. Even if they dont it will eventually have to give up on this Wocket thing.
You should be worried. To get the NASDAQ listing they need to issue 3 Million more shares into the float at a discount to market. Along with the 1.5M warrants they already have issued at 3.00 per share. The overhang will be enormous and its all priced at 3.00 per share or less. Without sales this is just a NASDAQ shell company. One that is worth no where near its market cap.
You are missing the boat buddy...there is no market for the product and the early presale numbers back that up...a paltry total of 533 for the month of june...all shareholders I bet...call me when they have a customer base.. until then this operation is DOA
Two years in and no sales. Early stage is simply a cover for the fact they have no customers.Try starting your own company and going 2 years without sales. Let me know how that works out for you?
They need customers. Without that they are done.
Number of Wocket solde is calculated from statement
As of June 30, 2014, the Company has received $80,018 in customer deposits in connection with pre-orders of its MobileBio Wocket
$80,018/$150 per wocket=533