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About 3 weeks ago the OS had increased by about 200 mill....50 mill were put on restriction however a 150 mill were added as commons. My thought is that they were issued as the final tranche towards the last note holder...those shares have been getting sold into the float.
With the volume as high as it is here daily those shares have been getting absorbed pretty consistently. I would assume that CDEL represents that note holder and should be close to done imo
Oh so what your saying is, it would have to be such a small trickle, that retail should barely notice it...considering how high our daily volume is i geuss i would have to agree. Not many shares to be overly concerned with especially if they are just trickling in...on the other hand is if they were dumping as fast as possible then we should be about through
All really good points there
Ahhhh I see...so what folks need to believe is the 8k is false, the revenue reported was a lie, and the multi millionaires that have joined the advisory board are frauds
Or...the company made a phenomenal choice when getting into being a supplier of PPE in the middle of a pandemic while so many others closed their doors that it not only attracted some very wealthy heavy hitters to the advisory board but that it also helped close some pretty massive sized deals driving in revenue.
Now here is the odd thing...if your version is true how were they able to qualify for an open line of credit up to 5 million dollars...do scams typically get approved for that much money with no issues?
Hmmmmmm.....
So you feel with average volume of around 80 mill daily or so it will take "many months" to get through that final tranche of a 150 mill...how long ago was that tranche issued? Almost 3 weeks ago and on one of those days we actually saw almost a half billion in volume...think your time frame for how long it would take is a bit off.
Don't forget that 50 mill of those shares that were issued were put on restriction...somehow that fact is forgotten regularly
Im amazed at how well this "scam" has done in the midst of a pandemic while most other companies have been closing their doors...A record Q with positive income
Oh and as far as the SEC goes...scams don't typically file 8k's. If there were issues we would of already heard about them as we would of been halted as quickly as the ACTUAL scams were
Notes paid with nothing remaining due until sept 2021:
Lol good thing he 8k'd the large deal that closed prior to Pr'ing it huh
Drew was just announced days ago lol
Harrington was confirmed to be with the company just this morning lol
If you dont think Harrington played a part in recruiting drew then your entitled to that...guess no one really knows for sure but typically money brings in money...jmo
You really think Pawson has accomplished all this revenue increases and large deals on his own without the help of Harrington...you sir give Pawson more credit than I even do if that's the case
Oh man we are on the same page....If this float was a 100 mill w no dilution we'd be above 5 bucks right now with this type of volume daily lol
I'm not a fan of the large OS, not a fan that the OS increased around the same time frame the 8k hit, and I dont like Pawsons back ground
However...
I think even with his crappy past however Pawson finally pulled it off...he turned an auto parts maker that was making no money pre-pandemic into a PPE supplier and sold millions of dollars worth of product and is now having his first profitable quarter in how long?
He then some how gained Kevin Harrington and Steve Mandel into the picture...shortly there after Harrington brought in Dr. Drew. Have you ever seen the impact these guys have on small companies...its insane the sales they help generate. I'm sure Harrington played a huge role in securing that 2 billion dollar deal...I also agree with you that they are most likely a middle man...their percentage of this deal is what I'm anxious to hear about.
Between the money made off this deal, the sales Dr Drew and Harrington can help generate, and the additional International deals that could potentially come...we have plenty of upcoming catalyst to help break into the teens imo
Thank you...I just edited it
May be growing? Record Q, settled all notes, added 3 multi-millionares to the advisory board, and closed a record distribution deal for ppe all within a single quarter while most companies were closing their doors
Yes sir....I would have to agree...they certainly "may" be growing
As far as luck goes thanks...I never turn down luck lol however I see this as nothing more than a bear raid...i think this will be a very lucrative mid term swing that will break well above .10 in the not to distant future
I've done pretty well on the otc...I'd like to think I'm one step higher than just lucky Each year lol
But as I've always said while playing poker...I'd take being lucky over good any day ;)
Lol best of luck
Recent 2 billion dollar 8K
Big difference between real time ask slaps opposed to cross trades and t-trades going off
And who exactly made the rule of the TA having to be updated monthly???
Plenty of examples of companies SS increasing without updates from the TA some of which havnt been updated in years
Edit:
Just read your response in regards to what it takes to be qualified in the TA verified program...wasn't aware of that and i appreciate that info
What?! Your kidding...
JUst because the transfer agent updated OTCM several weeks ago (which would of been right around nov 1st) that doesnt mean the transfer agent is updated on the same day shares were issued
Those shares could of easily been issued prior to Sept 30 closing out the note and the transfer agent simply updated OTCM after the fact...happens all the time
How often do you see $100K slaps on the OTC? Not T-trades or cross trades but actual ask slaps? Once maybe all year on a single big runner...here we see it multiple times daily and continue to watch it happen. A $50k wall has become practically childs play to clear here...that to me says there is some big money quietly loading this
Lol ditto!
Much of those shares your referring to were moved into restricted...the remainder im assuming was the final tranche issued to close out the last note holder
Well luckily that last conversion would of been the final one...and a large portion of the shares apart of that increase you are referring to were added to restricted
Considering the daily volume and the increase was weeks ago...the seller should be about done
While i type this an order for over a $100k just hit the ask at 062 all to be immediately followed up with a small sell into the bid...deep pockets continue to load through this little bear raid
What lie...its stated clear as day in the Q...all notes have been paid in full through sept 30 and none are remaining to convert until sept 2021
Plenty of liquidable trades...none of which are trading millions daily...more to it than just the norm otc traders trading
The biggest question i have is with all of this large amount of daily volume...who/what entity is buying up this float...the volume and size lots getting filled goes beyond typical otc retail
Sorry...my correction...retail "rubes" lol
How many "retail newbs" are buying between $15k -$100k worth of stock per transaction...not many yet we continually see different orders of that size going through...those aren't newbs buying this float up my friend
Disclaimer: Certainly not saying its toxic lenders buying it up either however lol
You do know over 50 mill of those shares your referring to on that last OS increase went to restricted right
Im assuming the remainder went to the final tranche of the last note holder
And my point is that can be said literally about any company being publically traded
The point here is there is no further convertible debt to be sold...
As can just about any company traded on the OTC...whats your point
Why? There is nothing left to dilute and they have finally become profitable...the next note due isn't due for almost a year giving them plenty of time between now and then to figure out how to handle it
Any new notes would be restricted from conversion for a min of 6 months due to rule 144...no reason to be concerned any time soon imo
My thought as well...even taking out the 2 bill deal however they still had an awesome Q after changing the direction/focus of the company. Now that they are making money the chance of them paying off debt opposed to it converting has greatly risen
I know many don't like Pawson but the fact remains that he is the one who has been running the show and doing an excellent job in the process and has completely turned this company around
I believe as per the Q they have only taken 1.5 mill of the 5 mill and that note wouldn't mature until Sept 2021 provided it wasn't paid back in cash
Signing an NDA on a 2 billion dollar order is hardly smoke and mirrors lol
So many great reasons to buy this stock and no good reasons to sell it lol
Could you imagine having a large short position going into today...lmao
So you feel an order of 2 billion plus dollars, the largest in otc history, should not have an NDA signed due to the product being PPE
I see....
Im assuming we are seeing a PR this morning on the next heavy hitter to join the board
That's exactly what i would like to see personally
Thanks Friz!