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Going from private to public to raise capital is one thing. Being public for while and taking a MGMT decision to issue stocks in order to pay outstanding debt is another thing. Being public for while and taking a MGMT decision to issue stocks in order to pay outstanding debt while claiming you have franchises and growing revenue and profits is a disaster.
if i had a dime for every time i saw a post like this about STBV, i would ve been living in the cayman islands now.
Right. I think a simple review of your post and a simple review of my post along with a bit of DD on FRCN, it is clear who is the one with wishful thinking here.
I am NOT saying it is dilution. It IS dilution. that is a fact. Now if you don't see it or u choose not to see it, that is a different story.
No, that is not why companies go public. No, that is not how companies should pay for their finances. Google it. Issuing stock to satisfy debt simply signifies serious capital trouble - this is not my opinion, this is basic Finance.
FRCN is couple ticks away from trip zips. the dump is over and as of this morning there are no interest, no volume and no buy.
Where? Really? all wat i see is a wall of china on the ask, any ask, any price. DILUTION
I would expect a growing business to pay its debt with the "money flowing" that you talk about. Or with revenue or with profits. Or with some sort of investor financing since the company has potential - as you say of course.
A fundamental idea in business finance for public traded companies is that: issuing stock to pay debt should be your last painful resort. Doing that signifies that you are out of options and capital.
However, you want to convince me and everyone on this board that this company is great, yet it pays debt by diluting its stock.
Sorry if you invested but this is a fail, it was a fail and the fail will continue today.
Pure scam. cannot believe after this RS and keeping AS at 8B, some people are still vouching for this pile of junk. trip zips soon.
Fail. All these contracts and franchise and they had to pay a small debt by issuing shares. says it all.
206,341,100 dropped in 24 seconds. says it all.
fluff news indicating that they have nothing better to put out at this point. 51 million shares wall of china on ask. this thing is done. way to go stupid CEO - such a crook.
pre lunch: 13s, volume = 68,301,193, ask size = 4,544,608
Now: 12s, volume = 71,578,093, ask size = 1,995,000
pure trash
haha .... right. Bid/Size 0.0001 / 3,195,774,000. enjoy
no interest. no volume. no game. just a pile of junk with over 10B OS and 20B in the AS. And some people are still waiting on filings: LMAO.
u r so late to the party, this piece of trash is done. Another fong trash company.
Bid/Size 0.0001 / 3,052,739,600 = EW = WTF
doesn't matter. no matter what buys hit it, it wont crumble. shares keep showing on the ask, any ask, any day, all day. 68 m traded and the wall on 13s still stands. this ticker stinks and smells like dilution.
Pure junk. painful reverse split on way.
wall of china on ask. another fluff PR to drop worthless shares on the market. heading back to trip zips by EOD
another fluff PR. Millions sold in under half an hour and this thing cannot break 14s since shares keep showing up for sale. Nothing here but another OTC company dropping a fluff PR to dilute more shares. Caveat Emptor.
lol. so much buys and unlimited ask supply. wat a POS.
millions showing up on ask, gd luck running. DILUTION
back to trip zips before end of day
Bid/Size 0.0001 / 2,852,814,500 = Ew = dilution
No. you are only a bit above 50%. you still got another 10 to 14 billion shares to go thru. once u get to OS = 30 billion, You will need a painful reverse split to control this mess. once you do that and share price goes to a theoretical value of $0.0000001 then your CEO will file another reg A to dump another 30 billion like he said he would if need to. Of course in the meanwhile, he will drop couple fluff PRs to make people believe and buy his printed useless shares.
sorry dilution is not done and it will never be done. other than a no bid / reverse split, there is nothing safe to say about STBV
hey baggies. nice bid at 2,990,525,700 loooool. WTF??? SEC needs to halth this POS dilution scam.
millions sold and ask is still 137,736,999. Unlimited shares!!
LOL. Sir, you are so late to the party. there is zero hope here and no pump in the world can help this POS ticker. A painful reverse split is coming only for dilution to start again.
he has been getting high. he bought weed with all the shares he printed and sold lol.
seriously though, he is an idiot. delayed news (if there is any) is more damaging to tickers that no news usually. IDGC going south. I am bailing on this.
keep hitting that bong
Pure junk. not sure why this havent crashed yet. Caveat emptor.
more trip zips to come. this crashed 40% when news were out about a new franchise in Texas (state with most anticipated infrastructure work load for this year). Some keep putting shares at any ask price i.e. ask wall of china i.e. DILUTION
Just like i thought: pumpers are flooding this before the 8K can sink down. flippers will beat this down now and for the next few days or weeks. many bought at 1s and 2s and is/will sell at 3s and 4s (ask size keep inflating despite buying pressure).
its a temporary guarantee to sell at 9s as much worthless shares as possible.
disagree. irrelevant and not interesting. nothing interesting about a stock that takes a nose dive like this. nothing interesting about a stock where dilution is in full/clear mode.
This was simply a pump. some made money and are long gone and forgot about FRCN and some are just holding bags.
Lol its raining turds here. ur "real" company mgmt just send their severe diarrhea your way hahaha. wat a POS.
here is my objective realistic opinion:
The guy who is talking about this ticker being useless kinda has a point when it comes to share structure and debt. However, no sane mgmt would attempt a restructuring if they did not see some sort of a light at end of tunnel (not saying they will necessarily get there). My hope is some takeover group who wants to stay in shadows for now whispered in the ears of the new mgmt "clean ur shit up and we will buy u". kinda a long shot but thats wat speculation is all about.
bought this when it had no bid and i knew something was up. we might stay in 2s and 3s for another year or see our shares voided. Yet, the upside is attractive at least for me. 30 million $ debt for a pharma company shouldnt spook investors IMO.
28,551,400 shares traded and yet the ~2 to 3 million wall on ask at 12s wouldn’t go down. Hmmm, wat could it be. Oh, if we use rocket science principles and complex analysis, we find out its dilution.
no interest. no volume. no news. no nothing. dump is over. pumpers are gone. trip zips in sight. wall of china on ask - any ask.
This is a relatively easy company to read vs the rest of the market. OTC companies file for 12(g) (15-12g) for one of two reasons:
1) they are a POS and we r all bag holders here with delist coming soon or no bid or watever
2) they will attempt some kinda of a rogue way to revitalize the company thus trying to avoid reporting now and focus on business - which is the scenario i am hoping for
This is shaping to be more of a turd than a winner. Looks like its a printing press rather than a company or a semicompany. I know many are talking about this company owning shares in other companies. The other companies are trash - beside LVVV which has a relatively good share structure but IDGC position in there is insignificant. someone is keeping this between 3s (humongous bid) and 5s (wall of china ask). manipulated and diluted unfortunately.
garbage truck on the way to haul AFPW and Fong to the OTC trash landfill.
There is no Beaport. It doesnt exist. No website is coming. All these PRs were fluff. Even Hemp fell from 10 pennies to about 6 since they said they have some sort of a relationship with STBV.
No company files for reg A if they had any remote potential for success. Printing and selling shares only to reverse split soon is all what the company is capable of at this point. In fact, even selling printed shares at the bid is no longer flying by like it used to (volume wise).
so is the ask size. Someone somewhere has shares to sell all the time, everyday, all day at any ask price available out there. FRCN has zero hope IMO. trip zips this week IMO.