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Yeah, I also remember SR swearing blind before the last RS that talk of an RS was unjustified and for the birds. After the RS it was to correct an unworkable stock structure and to the long term benefit of the shareholders.
An RS is absolutely on the cards. SR saying no, means very little…
An AS is of course also possible but would soon leave the stock at trip zeros making further dilution impossible ( without the RS ).
Uplift to NASDAQ is a joke.
We shall see, let’s pick this up a couple of weeks after the next AS / RS change.
No way this is worth close close to 50 million. The debt is huge, future on the wire. Its hard to value exactly, as there is a genuine product and I assume some related IP. i would say somewhere around the 3-5 million mark.
Um no, I am saying if they up the AS ( i assume to unlimited ) it will drop the stock price. Dilution would then be on steroids. Hardly a definition of sucess
Probably not that heavy, if the stock drops 90% they need to sell 10x to get their $1 million… in that way as the stock falls, the OS goes through the roof.
My point is that raising the AS in its-self will drop the stock.. 1-2 billion will be devastating.
BTW, dont think AITX can get to $0.0001…. It got very close before the last RS
It dosn’t work like that in practice… when the AS is increased, the stock will drop like a stone. In both of the last RS events the stock dropped over 80% in the first couple of weeks. The AS increase will be no different. 0.0001 count be easily achieved with just a couple of billion extra shares.
Fed rate rise on Monday ?
Nice volume / direction considering Crypto is down. Long term outlook is excellent.
Is that debt… Bingo,, he has it
1 or 2 billion shares… no way… unlimited would be my guess
Yeah, but now he has been caught red handed by the OTC / SEC… They will be asking questions. If they dont like the answers expect a CE stamp next.
During a stock promotion, you need to keep pumping out PRs, even if you have nothing to say..
Oh Dear… got caught..
Stock Promotion
OTC Markets designates a security with a promotion flag when it becomes aware of current stock promotion related to the issuer. The promotion flag remains on the security for 15 days following the end of the stock promotion. For more information, please see our Policy on Stock Promotion.
CryptoFights 2.0 now out
Checkout the new website
https://www.cryptofights.io/
This should further increase the transactions, and I expect why the block limit was raised to 4GB
Rate hike looks on for both US and UK…
I doubt Europe / EU will raise.
Interesting that since the toxic debt was stopped ( according to the CEO ), The OS has doubled from 2.3 Billion to 4.6 Billion.
The numbers speak volumes
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
AS increase expected early 2022 - Assume Unlimited
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion
December 2.326 Billion
Dilution stopped following a deal with the toxic dilutors
Feb 2021 OS has continued to rise, and is now 2.9 billion
Mar 2021 3.229 Billion
Apr 2021 3.545 Billion
May / June No Change
July 2021 3.853 Billion
Aug 2021 3.967 Billion
Sep 2021 4.03 Billion
Oct 2021 4.33 Billion
Nov 2021 4.38 Billion
Dec 2021 4.43 Billion
Jan 2022 4.63 Billion
Since Dilution was claimed to have stopped in December, another 2 Billion shares added to the OS
More Toxic debt taken on in September 2021 ( $20 million, with another $10 million cleared )
Actually 285% by end of day, looks like its IPO, trading now at $22+
I dont know a lot about the company, but the little I read ( months back ) was they went down the moving robot which failed the same way AITX did.. The level of AI required s beyond a tiny company
Knightscope is now cash rich ( it did an IPO ), but I don't think its a good one… nice IPO tho.
Far better cash structure, but thats not saying much.
OS 4,633,110,360
Another 200 mil
Not one of the toxic notes on AITX, but justice is on the way
The SEC wins summary judgment against toxic convertible note lender #justinkeener. This SEC win demonstrates that the courts are recognizing that purveyors of convertible notes, funders that purchase convertible notes from OTC Mark…https://lnkd.in/dDZ9ycus https://lnkd.in/ddMkfd2D
There are a lot of them, its an industry… 1 down is a drop in the ocean, but its a start….
Also note, its a summary judgement ( often overturned ) … not over stating this… its a start, nothing more
Indeed, it was in the Bible
The Geek shall inherit the earth….
Something like that anyway.
Growing revenue by 1000% a quarter would not get them out of trouble"
BS if you really believe it yourself - you are smarter than that I think.
Think on this.. each quarter they make more sales.. however the cost of the sales also goes up, and the debt increases.. essentially when a customer ‘purchases’ a unit, they are really hiring it. Monthly payments or whatever… the cost of building the unit is not recouped until many months later. As such the more they sell the higher the debt will go.
They can stay in business as long as they can keep increasing debt. The lenders know the cash is coming ultimately from the shareholders, but at some point, the party will stop.
As well as my OS in Context posts, maybe I should have included total debt. It would be interesting to look back.
Total Debt as of November 2021 just under 80 Million
Contacting the CEO directly is not a good way to get accurate information, especially if he is not been entirely up-front as to the scale of the issues facing the company.
I agree Fins are a much better source of truth as it would be a criminal offence to mislead the SEC.
PRs should be seen as opinions, even if supported with an 8k ( which normally just confirms the fact a PR was released. ).. Thats not to say they have no value,
Yes, many startups have debt, the level however in AITX is excessive. Growing revenue by 1000% a quarter would not get them out of trouble.
TAAL has been named to the 2022 @OTCMarkets Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
I would go with this one
we feel that they have a product and are trying to sell it, but they are incompetent, and keep taking more from the shareholders to stay afloat.
I would also add they are swimming in debt, so much so, they cant possibly trade out of it, and the debt keeps getting higher and higher every quarter.
1 new note last September ( a big one )
2 more in December
See page 20
Loads payment due in 2022
Maybe SR should read his own Fins
I Agree, don't take my comments as fact, but please do read the pages and make your own conclusions.
I believe AITX is a Scam company. I also believe any sane person would come to the same conclusion if they read the Fins.. especially the pages I mentioned.
Investing is a journey, maybe even if we are travelling in different directions, we can shake hands as we go on our way.
Some interesting takes on the latest Crypto crash.
The general feeling was the 1st crash was driven more by the constant SCAMs, especially in ETH with the ICOs. Not sure I fully agree, but it was not the same as the Dot-Com crash which was around 90%
If this latest is the long overdue and final pop of the Crypto Bubble, then we still have a long way to go.
BTC around $6k .. BSV under $30.
However once over, those with real value will rise higher than ever before.
Watching for the bottom. I’m thinking by April the bottom will be in.
Wow looked in the Fins for the preference shares. Could not believe it….
SR awarded preference stock which he immediately sold for over a million. Over twice the entire revenue of the entire company.
Loads more scammy stuff going on. Read all of page 26-28 of the latest fins.
Garrets who ‘handed back’ his preference shares did so for a Loan to AITX payable at 7% over the next 4 years.
Toxic notes growing at an alarming rate.
Last time I looked, ownership of shares by directors have to be declared ( Form 4 or the Fins) not seen those in relation to SR, so little to no common shares owned.
The preference shares are in the filings .
Not of the common shares he isn't. I doubt he owns a single one.
He does have preference shares, which protect him from dilution / Reverse Splits.
380k revenue.
4 million general / admin
If this does not concern you, it should.
A good set of earnings, not Stella. It should help the price to continue its upward trend, esspecially with higher interest rates around the corner.
Not the most exciting stock, but a good investment.
Not totally dead, but would.avoid for now. Wait until the CE is removed and they are current with FINS. Then see where they are.
Agrodomes looking like the future. Green Crypto Mining with Clean Heated Greenhouses.
Whats not to like…..
Awesome new look
https://agrodomes.com/
Hey guys.. I have been following this SCAM for a while ( Years ) but i need to move on.
This I consider an annoyance, I never was an investor. Its time I let go…
I want someone to take over My OS In Context posts..
Any takers ?
Yep, the height ( split adjusted ) was over $257,040
A $1,000,000 investment would now be worth about 7 cents
Or a 99.9999923% loss