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No it isn't. I read the 10k thoroughly and know how to understand what it means. I am very impressed with the steady progress of STTK.
Have a great night!
Time to grab a brew.....
STTK!
For whom? Only those that sold. And since you ask, no it is not necessary for you to speak louder. You are shouting as it is.
Wrong Plutus. Next quarter that "debt" that "money spent" is going to turn around and become a positive number and things will look totally different. It is all a matter of Embedded Derivative Liability. It shifts quarter to quarter and is not an actual increase or decrease in debt.
Incorrect Plutus
EMBEDDED DERIVATIVE LIABILITY :
What that means is the embedded liability on the debt changes from quarter to quarter based on price Amongst other things.
The debt did not change from the 10k. Debt was paid not added. That extra 5 million is a number that shifts each quarter.
This 5million amount is just the recorded variable liability that can be deducted for tax purposes not new debt.
See the following from the 10Q:
Other (expense) income for the three months ended November 30, 2014 and 2013, totaled $(4,797,558) and $625,136, respectively. We generated interest income on the note receivable. We incurred interest expense calculated on our convertible promissory notes and fees charged by the provider of our factoring line of credit, among others. During November 2013, we completed the sales of our education lead generation vertical, Student Matching Service. We also recorded the accretion of various debt discounts associated with our convertible promissory notes. The accretion is a result of the amortization of the debt discounts associated with the convertible promissory notes over the term of the convertible promissory notes.As a result of the derivative classification regarding the beneficial conversion feature on some of our convertible notes, the derivative liabilities have to be re-measured as of each reporting date. For the three months ended November 30, 2014 and 2013, the re-measurement resulted in an increase (decrease) to the derivative liabilities of $4,575,975 and ($588,329), respectively. If the convertible promissory notes issued to the Creditor #2 remain outstanding at any time subsequent to the six-month anniversary of the date the convertible promissory notes were issued, a derivative liability exists and will have to be measured as of each reporting date. Similarly, if any portion of the Vendor Note remains outstanding at the reporting date, the derivative liability has to be re-measured as of the reporting date. During the three months ended November 30, 2014, the Company's stock price increased substantially from August 31, 2014 which impacted the valuation of the derivative liabilities.
Fantastic explanation of Derivative Embedded Liability!! There was no new debt of 5 million, it is an accounting measure... No new debt. Many do not understand this. Thank you for presenting it in an eloquent way that is easy to understand!
no Plutus that is not an increase in debt, but merely an accounting measure of embedded derivative debt. There was no additional debt, no increase in debt or borrowing...
It is easy to do. When there is a lot of negativity swarming to create stress one can react strongly. And when one hasn't seen a lot of different variations in accounting methods and so forth - sure it makes one worry. No one wants to lose money. I think we have a very solid bet here. There are always twists and turns - and I believe this is ready to head back up. We'll see. Sorry to anyone if I have been less than courteous. We all want to do well and I believe here we will.
STTK!
As an investor who knows how to read a 10Q : I must say I continue to be impressed with the growth of STTK
STTK is going to be the next HUGE TECH COMPANY to emerge from the OTC to Big Boards.
They are right on track with the trends (rewards(RadioLoyaly) and cutting edge PATENT PENDING Ad streaming technology. And WatchThis! HUGE! The commerce capacity with just a click!!!
IMAGINE THE POSSIBILITIES!!!!
Not only will there be Ad revenue but product placement sales generated will be ENORMOUS!!
THIS IS CUTTING EDGE TECHNOLOGY.
OTC investors are used to jumping on a band wagon, playing whatever has the hype...but STTK:
IS THE REAL DEAL!
REAL, CUTTING EDGE TECHNOLOGY! Millions in Revenue.....
More acquisitions on the way!!!
If an investor does not see the HUGE deal of being able to buy a Technology Stock on the Verge of BIG TIME BREAKTHROUGH into the Big Leagues...
Then they miss out.
I am THRILLED to be an investor in STTK.
This will see way beyond PENNYLAND.
This is a no-BRAINER. Money in the bank.
Enough said.
STTK!!!!!!
Yeah Baby!! $$$$$$$$$$$$$$$$$$$$
Well I hope that desperation or "lack of faith" dumps their whole load into my arms at .0003.
LMFAO!!
It is a good sign of desperation that is for sure!
:)
GO STTK!!!
As one should. Wonder who just fed the bid a $40 paint job?
STTK!!!
:)
LOL! :) STTK DOESN't need a promotion. Peeps are loading. Run coming... all are free to sell & miss out on the run.
Yep! WatchThis! Is a Revolutionary Game Changer.
Not only is STTK right on track with the trends (rewards(RadioLoyaly) BUT ALSO cutting edge PATENT PENDING Ad streaming technology. And WatchThis! HUGE! The commerce capacity with just a click!!!
IMAGINE THE POSSIBILITIES!!!!
Not only will there be Ad revenue but product placement sales generated will be ENORMOUS!!
THIS IS CUTTING EDGE TECHNOLOGY.
WatchThis!! Creates a video encode with keywords that tag frames with corresponding merchandise within video content. These tags would communicate with our advertising database to deliver the highest paying advertiser in real-time. Consumers would be able to view this content, select tagged products within the content, and complete purchases throughout the broadcast.
OTC investors are used to jumping on a band wagon, playing whatever has the hype...but STTK:
IS THE REAL DEAL!
REAL, CUTTING EDGE TECHNOLOGY! Millions in Revenue.....
More acquisitions on the way!!!
Fantastic explanation of Derivative Embedded Liability!! There was no new debt of 5 million, it is an accounting measure... No new debt. Those that understand how to read a 10Q will make big bucks here. :)
Wrong.
There was no 5 million in debt this quarter - that is Embedded Derivative Liability. Debt was paid NOT additional debt!!
It is misunderstood what the additional 5 million showing in debt is all about. NOTHING CHANGED! There WAS NOT 5 MILLION SPENT - OR BORROWED. It is merely a reporting of the
EMBEDDED DERIVATIVE LIABILITY :
What that means is the embedded liability on the debt changes from quarter to quarter based on the price. The price increase.
(This 5million amount is just the recorded variable liability that can be deducted for tax purposes. IT IS NOT NEW DEBT...NOT AT ALL, ANY MENTION OF THAT IIS WRONG!!!)
See the following from the 10Q:
Other (expense) income for the three months ended November 30, 2014 and 2013, totaled $(4,797,558) and $625,136, respectively. We generated interest income on the note receivable. We incurred interest expense calculated on our convertible promissory notes and fees charged by the provider of our factoring line of credit, among others. During November 2013, we completed the sales of our education lead generation vertical, Student Matching Service. We also recorded the accretion of various debt discounts associated with our convertible promissory notes. The accretion is a result of the amortization of the debt discounts associated with the convertible promissory notes over the term of the convertible promissory notes.As a result of the derivative classification regarding the beneficial conversion feature on some of our convertible notes, the derivative liabilities have to be re-measured as of each reporting date. For the three months ended November 30, 2014 and 2013, the re-measurement resulted in an increase (decrease) to the derivative liabilities of $4,575,975 and ($588,329), respectively. If the convertible promissory notes issued to the Creditor #2 remain outstanding at any time subsequent to the six-month anniversary of the date the convertible promissory notes were issued, a derivative liability exists and will have to be measured as of each reporting date. Similarly, if any portion of the Vendor Note remains outstanding at the reporting date, the derivative liability has to be re-measured as of the reporting date. During the three months ended November 30, 2014, the Company's stock price increased substantially from August 31, 2014 which impacted the valuation of the derivative liabilities.
NBC
CBS
HBO
STARBUCKS
TARGET
TOYS R US
MICHAELS
SPRINT
BMW
VERIZON
OLIVE GARDEN
NORDSTROM
NIKE
CHRYSLER
OFFICE MAX
These are just a small few of STTK's clients...these companies have paid STTK MILLIONS. Would they be advertisers if STTK did not have a phone?
LMAO!
STTK $$$$$
Boom Boom Shicka Boom! We are definitely headed that direction!
Yep!! :)
LOL! Wait at .0001's!!! :)
I want .0003's too!!!! $$$$$$$$$$$$ Come on baby, give it to me!!
STTK! $$$$$$$$$$$$$$$$$
Nice Dedd!! STTK is going back up where she belongs!
NOT! Lol!! ;)-
YEEEHAW!! Good for them!
STTK!!! $$$$$$$$$$$
I don't know. Do you?? LOL!!!
Like I care. LMFAO!!!! :)
Where? That's right NO WHERE!! Give me 2's!!!!!!!!!!!!!
Selling down here is WAY BEYOND RIDICULOUS! LMAO. Let Redwood sell....you know a huge up swing is coming...these toxic financiers are smart and want to maximize profit. give me 2's!!!!!!!!!!!!!!
Yep! bring it!!! Let them drop it down. I want more.
I got filled!! AWESOME!!!! Can't believe I got 3's!!
:)-
STTK!!! $$$$$$$$$$$$$$$$$$$$
10Q is fantastic!! STTK is on its way to being a MAJOR player in Technology!
Significant debt paid, more than 300,000 revenue, available credit increased, cost of operations decreased.
This is a growing business -
They are doing AMAZING for one year!!
Sheeeeesh....
Can't believe anyone is complaining.
THIS COMPANY IS THE REAL DEAL!!
Next Q will show android and IPhone revenue as that was just rolled out.
STTK is a DIAMOND in the OTC!!
How many companies have cutting edge technology - are making millions and are GROWING...
STTK!!
AS AN INVESTOR: I am thrilled
"Revenues for the three months ended November 30, 2014 and 2013, totaled $320,108 and $523,827 respectively. We generated revenues from video and display Ads utilizing our Platform.The quarterly year over year decline can be attributed to several factors. Education related revenue decreased quarterly year over year by $60,587.40 as a result of the sale of the education call center in 2013 and no education related revenue in 2014.Video revenue decreased quarterly year over year by $60,758.56 attributable to overall industry technical changes and ad related errors including Vpaid errors, ad response times, increased latency, creative errors and creative load time. Tighter buying and targeting criteria by Customers as a result of quality scoring from companies such as Integral Ad Science and ForensIQ also reduced buys from some Customers. Display revenue decreased quarterly year over year by $81,829.44. Our largest buyer of display traffic decreased by $138,244.59 quarterly year over year as a result of decreased demand. While we were able to make up for some of this shortfall with other Customers, the decrease from this Customer accounted for the majority of the decline. The Company began focusing more of its effort on filling advertisements in the display and video category within the Platform itself as opposed to display and video advertisements in traditional internet webpage formats. We anticipate generating additional advertising revenues from the launch of several new product offerings and certain new significant partnerships during the year ending August 31, 2015.
ALERT. : STTK 10Q out!! Move over NTEK- the NEW TECHNOLOGY HUGE GAINER - is here!!
WatchThis! - A REVOLUTIONARY GAME CHANGER!! :)
We are also continuing development of WatchThis™, a patent-pending merchandising in-stream technology to provide web-based and IP television streaming services with a unique e-commerce advertising capability. The technology is functional in a local environment. Our development efforts are currently focused on technical issues associated with operating the technology in a live streaming environment. If and once the technology is functional in a live streaming environment, management plans to use the in-video advertising method technology to create a video encode with keywords that tag frames with corresponding merchandise within video content. These tags would communicate with our advertising database to deliver the highest paying advertiser in real-time. Consumers would be able to view this content, select tagged products within the content, and complete purchases throughout the broadcast.
As an investor who knows how to read a 10Q : I must say I continue to be impressed with the growth of STTK
STTK is going to be the next HUGE TECH COMPANY to emerge from the OTC to Big Boards.
They are right on track with the trends (rewards(RadioLoyaly) and cutting edge PATENT PENDING Ad streaming technology. And WatchThis! HUGE! The commerce capacity with just a click!!!
IMAGINE THE POSSIBILITIES!!!!
Not only will there be Ad revenue but product placement sales generated will be ENORMOUS!!
THIS IS CUTTING EDGE TECHNOLOGY.
OTC investors are used to jumping on a band wagon, playing whatever has the hype...but STTK:
IS THE REAL DEAL!
REAL, CUTTING EDGE TECHNOLOGY! Millions in Revenue.....
More acquisitions on the way!!!
If an investor does not see the HUGE deal of being able to buy a Technology Stock on the Verge of BIG TIME BREAKTHROUGH into the Big Leagues...
Then they miss out.
I am THRILLED to be an investor in STTK.
This will see way beyond PENNYLAND.
I am surely buying more this morning. This is a no-BRAINER. Money in the bank.
Enough said.
STTK!!!!!!
Yeah Baby!! $$$$$$$$$$$$$$$$$$$$
Fantastic explanation of Derivative Embedded Liability!! There was no new debt of 5 million, it is an accounting measure... No new debt. Those that understand how to read a 10Q will make big bucks here. :)
STTK 10Q out!! Move over NTEK- the NEW TECHNOLOGY HUGE GAINER - is here!!
STTK 10Q out!! Move over NTEK- the NEW TECHNOLOGY HUGE GAINER - is here!!
Nice!! WatchThis! Is a REVOLUTIONARY GAME CHANGER!!
Next HUUUUUGE THING IN TECHNOLOGY
Thanks for the link! A great amount of misinformation circulating.
Could it be because STTK is going to skyrocket?
YEP!! :) So happy now after my thorough read of the 10Q!
Time to party!!
Beer in one hand - VAPE in the other.
:)
Yep Phantom. & I just want to reiterate how It is NOT new debt, NOR is it an INCREASE IN DEBT...
It is the companies tax "loss" for pre-existing debt that changes each quarter and is based on price and other elements..
It is a complicated tax measure:
It is an EMBEDDED DERIVATIVE LIABILITY.
One can read more on page 10-11 of the educational link I provided.
I am very happy!! Time for a beer and a Vape to CELEBRATE!!
:)
STTK!!
$$$$$$$$$$$$$$$$$$
Absolutely. As an investor who knows how to read a 10Q : I must say I continue to be impressed with the growth of STTK
I believe STTK is going to be the next HUGE TECH COMPANY to emerge from the OTC to Big Boards.
They are right on track with the trends (rewards(RadioLoyaly) and cutting edge PATENT PENDING Ad streaming technology. And WatchThis! HUGE! The commerce capacity with just a click!!!
IMAGINE THE POSSIBILITIES!!!!
Not only will there be Ad revenue but product placement sales generated will be ENORMOUS!!
THIS IS CUTTING EDGE TECHNOLOGY.
OTC investors are used to jumping on a band wagon, playing whatever has the hype...but STTK:
IS THE REAL DEAL!
REAL, CUTTING EDGE TECHNOLOGY! Millions in Revenue.....
More acquisitions on the way!!!
If an investor does not see the HUGE deal of being able to buy a Technology Stock on the Verge of BIG TIME BREAKTHROUGH into the Big Leagues...
Then they miss out.
I am THRILLED to be an investor in STTK.
This will see way beyond PENNYLAND.
I am surely buying more in the morning. This is a no-BRAINER. Money in the bank.
Enough said.
STTK!!!!!!
Yeah Baby!! $$$$$$$$$$$$$$$$$$$$