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Since you are mobile I'll share what I see.
BID/ASK 40.5 million / 25.5 Million
bid @ .0002
CDEL 10,990,000
NITE 29,500,000
ask @ .0003
ETRF 1,500,000
CSTI 5,625,000
CDEL 11,138,000
NITE 7,229,000
VNDM 10,000
ask @ .0005
CANT 10,000
VFIN 10,000
The last 13.5 million traded have been @ .0003 out of 27.9 million traded today. The .0002 were all first thing this morning before the ticker symbol was announced.
It's always fun to watch market inertia flip for a stock you're already in:)
looks like we will see .0002 on bid eclipse .0003 on the ask in the next hour, than should start seeing .0003 get chipped away.
Not posting over here much anymore but with the news today thought I'd check it out.
You are right that is pretty thin, and with the potential starting to be realized I'm thinking whoever got .0002 this morning before the ticker change was public was very lucky.
we could even see a shift today to .0003/.0004.
If not today then very soon.
Don't make a decision while only considering 1 thing,
understand there is more than just O/S, there aren't
more than 4.1 Billion shares in the float right now. 1
billion or more are owned by just a few folks such
as myself who are committed to the long term
success of the company as it builds itself into a
steady revenue generating entity.
In case you forgot, I wanted to remind you that we
don't have to worry about shares being
issued for making a movie. That is to be funded
out of private equity investments as
the CEO has pointed out in past PRs.
I liked that but it's in use. It's Brilliant Sands corporation.
I went to OTC markets site and typed in possibilities to pick the one I liked that wasn't in use yet.
Anyone want to guess what the new symbol will be?
My pick is BSDE (it's free), but who knows. Tell me your pick guess as a distraction to while away the time while we wait to see how the market will react when the acquisition news hits...
yep, I got a laugh when looking at the daily earlier. What a terrible ticker...
FINRA also has to approve the name change for the public entity, but you have to change it at the source first. You change the corporate name where the articles of incorporation are filed, then you submit to FINRA to change the public company name and ticker.
Yes, see this post of mine from 9/26.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125401182
The company name is changed on the Delaware corporate site.
More that 2 for sure that follow Broadside, but probably fewer than 10 that are serious investors. Speaking as one of them, I do appreciate your diligence here (I don't have the time or temperament to post as much as you do here).
Keep up the good work, same goes to EF5, Equijohn and the rest. There is almost never a stock at these levels that it's worth it to own hundreds of millions of shares, and this (iMO) is one of them.
Good Luck to y'all have a great weekend.
This list took 2 minutes to construct. All companies at that address. There are pages more if you google.
http://www.oceantomoinvestments.com/contact
http://brokercheck.finra.org/Individual/Summary/4290492
http://www.dtsfinancialgroup.com/location.cfm
http://bids.monocounty.ca.gov/elite-textile-trading-llc
http://growthfx.com/contact/
http://www.ljttrading.com/contact.html
http://www.spectrumenergy.com/contact-us.php
http://regalhrr.com/
http://bristolpoint.com/
http://bosche.com/
http://www.bgscpa.com/?page_id=40
http://www.rofo.com/building/CA/Irvine/8001-Irvine-Center-Drive-135250.html
http://www.sanako.com/en-us/resellers/
https://www.digital2go.com/about
The fact is when Emaji was acquired that would include continuing it's legal obligations like a lease the agreement in this building, which is fine. Regus offers a good service at a fair price otherwise there wouldn't be dozens and dozens of small businesses using them at this address.
Atwell isn't involved, that is just an address used by Regus (see a previous post).
Check this link, it's a nice building.
http://www.regus.com/us/business-center/california/irvine/irvine-spectrum
There are dozens of companies that use that address, it's 15 story building that sells virtual and part time office space and services to small businesses.
This is just another poorly researched attempt to make the company look bad. It really reflect more on the quality of DD from the poster than it does on Broadside.
It's worth noting that the address on file in a Regus building, they lease office space to small businesses on an as needed basis. It's their Irvine spectrum building. I've used them before to establish a presence in a city where the company I worked for didn't have a permanent office yet.
Check it out here.
http://www.regus.com/us/business-center/california/irvine/irvine-spectrum
It's a good way to have affordable address, secretary, meeting rooms and office for when you need them. Nothing more.
A quick search will show that there are dozens of small businesses using that office center.
No red flag, in fact the contrary. Yet another frugal use of precious capital for a startup firm. Just makes you trust our CEO even more.
One thing that will help are these press releases. This is the third one in the last 4 weeks, and even though they don't show up as news on iHub they show everywhere else.
Anyone know why iHub doesn't pick up normal newswire PRs?
The PR today is a very public confirmation of what investors and shareholders of this company already know.
This is not going to be a typical pink sheet company that lives from convertible loan to convertible loan, diluting all the while. Our new CEO is raising money responsibly in order to acquire revenue generating business units that can sustain not only operating costs, but growth as well.
This type of financing also helps potential investors understand that there will be no reverse split in the near term. There is no way these business savvy individuals would invest a quarter of million dollars into a company with restricted common shares, if there was a reverse split on the horizon. Christopher Petzel would be burning valuable bridges with a move like that and I think he has demonstrated that he is far to intelligent for a short sighted move like that.
It is also my firm belief that his primary motivation for acquiring Emaji is to build himself personal wealth by owning shares in a company that starts from the bottom and moves up to respectability.
While I don't see this at a penny this year (that would be 66 million market cap) I do believe that .0025 is possible with this share structure and revenue between 3 and 8 million. That would be a market cap of about 16.5 million which is a pretty reasonable multiple for a company with solid revenue and compelling growth potential, that has no debt and fantastic leadership.
A lot of bought this stock when it was a crap shoot and are very lucky to have stumbled into such an investment opportunity.
IMO Those of us that own shares of this company at these levels are going to be very happy with our investments as the company grows and the market cap reflects it.
That must have been some of the last of that massive dilution we are all on pins and needles about.
a trade for 1 1/2 cents worth of stock. feels about right......
On a side note any guesses on what FINRA will assign us for a new symbol?
Looks like BSDE is open, that's my guess. What's yours?
It's in the company official filing on the OTC, signed by the CEO.
As has been pointed out to you many times on this board. You can see it too by going to http://www.otcmarkets.com/stock/EMJI/filings and reading the filings.
bid up to 42 million (from 16 million a the start of day), ask down to 11 million.
sentiment seems clear, .0002 would be a great deal and people want in.
It's just a matter of time until they feel the same about .0003, then .0004.
I'm glad I'm invested.
There will be no reverse split on the name change. The company and CEO have been very clear on that.
Looks like progress on the name change.
Up until about a week ago (not exactly sure how long it's been since I checked) the Delaware entity 2653622 looked like this:
File Number: 2653622 Incorporation Date / Formation Date: 08/14/1996
(mm/dd/yyyy)
Entity Name: EMAJI, INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: DELAWARE INTERCORP, INC.
Address: 113 BARKSDALE PROFESSIONAL CTR
City: NEWARK County: NEW CASTLE
State: DE Postal Code: 197113258
Phone: (302)266-9367
Now it looks like this:
File Number: 2653622 Incorporation Date / Formation Date: 8/14/1996
(mm/dd/yyyy)
Entity Name: BROADSIDE ENTERPRISES, INC.
Entity Kind: Corporation Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: DELAWARE INTERCORP, LLC
Address: 113 BARKSDALE PROFESSIONAL CTR
City: NEWARK County: New Castle
State: DE Postal Code: 19711-3258
Phone: 302-266-9367
You can search for yourself here https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
The shares they are selling to private investors are restricted for 1 year and are not part of the float. They are part of the restricted OS, not the float.
Raising money through direct investment with key strategic partners instead of through dilutive convertible debt holder is a big Green Flag for any savvy investor.
Good to hear. I'm glad the TA isn't charging my company fees to answer question from non-shareholders over email on a subject where the information is already publicly available.
If you want to know the share structure read the last filing and subtract the 411 million shares from the float yourself.
Why would I want to waste my time bothering the TA for information that is publicly available?
Lots of times a company will keep the T/A from answering random questions from anonymous people, because the T/A will charge fees to the company for every bit of work they do.
I for one don't want my startup company wasting any money paying TA fees for telling you, or anyone else, the share structure when it's already in the filings.
The difference in 2014 was irrational exuberance, the stocks that climbed crazily did so for not fundamental reasons and most of them are close to worthless now. Some people made money, but a lot of people lost site of common sense and lost money.
With Broadside, we've got a CEO who is being very conservative in how he communicates with the market, the public and his investors/shareholders. He seems to be building a business based on fundamentals (securing capital, securing revenue channels, building strategic alliances in both the financial sector and the industry).
I really appreciate the fact that he has never pumped the stock, never done anything that could be construed as falsely inflating the company value.
It feels as though he is being careful to not only provide current shareholders long term value, but also to avoid the typical spike and crash of PnD on the OTC. Even when the company is straight and the CEO is honest, stocks get into PnD patterns here (we've all seen it) and it's just bad for investors.
Mr. Petzel seems to be working hard to protect his investors (not just the shareholders).
I'm psyched for the future!
I expect to see the symbol and name change in the next week or so, and believe that will be followed up shortly by an official PR that covers the acquisition of a media company with million + revenue.
Broadside is not going to be a questionable OTC bottom dweller for long. Soon it will be apparent that the new CEO is building his legacy in this company, and that he is a serious minded businessman and not a typical OTC scammer.
He hasn't pumped this at all, in fact he seems to have held it back, preferring to see the stock rise on valuation rather than rumor.
exciting times ahead!!
Funny, I've been doing the same thing recently and have drawn observed the same conclusions. Lots of OTC companies change names or symbols without doing an RS.
Maybe he is just confused, because when you do an RS, FINRA does change the symbol for a while. Just part of their SOP. But just because an R/S always includes a symbol change does not mean that the converse is true.
Just a reminder to our board followers who don't have much actual business experience, start up companies constantly reinvest all of their money back into the business.
You will never see a well run start up company carry large amounts of cash on their books, because when they are growing, they need to use their resources to that end.
It's also a great sign that our new CEO is not taking or writing down any salary. He's just got his head down working, and knowing that when he builds a valuable company, he will be rewarded by the market with PPS appreciation for his own holdings.
By the way you can check all this out, it's in the filings.
Yes, that's true.
He posted a cool picture of him with Stallone and others in Thailand on his Instagram and twitter. This was obviously taken during the filming of Rambo.
https://twitter.com/cpetzel/status/715381706958749696
If you read the filings you will see that an RS doesn't make any sense at all.
Right now an R/S would be useless and would hurt all shareholders, and the new partners are all shareholders at .0002 per share.
So there will not be any pressure from them to R/S in fact the opposite is true. They will not want to R/S.
The number of shares is less important than other factors, especially since this company has eliminated debt and reclaimed shares from CD holders.
Revenue/Profit based market cap will take care of the share price. Once the acquisition terms are disclosed we will all have an idea of the value of the company based on revenue.
After all Microsoft has over 6 Billion shared outstanding and they seemed to have figured out how to avoid an R/S. We need the same on a smaller scale (anything near .005 will be a huge success for the next 6 to 12 months).
Just wanted to remind everyone NO Reverse Split here and virtually all convertible debt eliminated. Float is only 4.8 billion (we've all seen higher floats run very well).
Big news is coming, you can see it in the posts on this board.....
I also wonder it it's not part of a strategy to bring attention to the stock on iHub.
If you'll notice the breakout board seems to only have stocks with a large contingent of detractors. They post so many times a day, and I wonder if part of it is they want the stock on the breakout board.
Thanks. There are times when I feel a little guilty letting other do all the work replying to the lies and deception.
It's tough to navigate this stuff. You never truly know someone's motivations, but the thing that kills me is that investing in a company like EMJI is risky, and yet instead of addressing the real risks that relevant in this case, we see the same generic R/S, share structure, CD, dilution type posts over an over again. Even though anyone following this company realizes there is no significant debt, no risk of R/S or dilution in the coming year and the share structure is a continuously improving number.
I would just like to be able to have a dialog about the pros and cons of this stock. Objectively I think the pros far outweigh the cons at this price point. This is a stock that should find a bottom close to .001 based on the acquisition alone (once the details are disclosed). The risk profile of this investment will change a lot then. For now though, I think this is an obvious buy.
In those same filings you will see the records of those same shares being acquired and retired for the most part.
in the annual report, I'm specifically talking about this event:
"The Company was able to achieve this without reverse split of its Common Stock while reducing liabilities by
$4,832,286 from $4,965,275 on December 31, 2014 to $132,989 on December 31, 2015."
When that debt was acquired/retired it reduces the Convertible risk for the company by Billions of shares. Those share will not be hitting the market, there are not any significant number of shares to be dumped.
There is very little left of the bad .0000x debt that Robert Atwell issued, it has been meticulously cleaned up by our new CEO and his associates.
again, you are wrong. These transactions are not dilutive, these aren't being made with the convertible debt lenders of the OTC.
These are sales of shares that are already in the OS, are owned by the company, are restricted and not in the float.
Non-Dilutive transactions that are giving our startup company the monetary fuel it needs to put together deals, So far one acquisition is complete, and the CEO has bought 400 million shares out of the float, most likely from an old note holder. This is all great for the future of Broadside Ent.
Not diluting the current shareholders at all.
They are raising capital through a form D, with restricted shares that can't be converted for a year.
Those shares started selling at .0002 while the stock was still at no bid or a week bid at .0001. Just goes to show how much faith the well connected and respected business people that are investing in Broadside Enterprises have in Christopher Petzel.
This type of capital raising is far superior to the normal convertible debt you see on the OTC. We are lucky that our CEO had the credibility to be able to raise money in this way, most OTC companies don't.
A long time ago I stopped listening to my gut on investments, and starting using my brain.
IMO this is the best way to make decisions.
As you may have forgotten, the company has been raising money from private investors like Anthony Scotti, that money has been invested back into the company and it's initiatives. That's why you don't see it on the books, even though the filings show over $100,000 USD raised with restricted shares sold at .0002.
We will see the same sort of financials, just with more money flowing, once the acquisition and it's revenue show up in the filings.
You know that the CEO is not going to needlessly hurt these investors by doing an RS. Not after they are putting up money to get the company started.
Just need to connect the dots, don't look at a single data point and draw conclusions, look at the data holistically to spot trends and see where things are going (don't just look where they are).
Just a reminder to our board followers who don't have much actual business experience, start up companies constantly reinvest all of their money back into the business.
You will never see a well run start up company carry large amounts of cash on their books, because when they are growing, they need to use their resources to that end.
It's also a great sign that our new CEO is taking or writing down any salary. He's just got his head down working, and knowing that when he builds a valuable company, he will be rewarded by the market with PPS appreciation for his own holdings.
By the way you can check all this out, it's in the filings.
Wow, all the way down to AS or 10 Billion, OS of ~6 Billion and Float of under 5 billion?
That's pretty impressive considering that in January of 2015 the AS was 39.8 Billion, the OS was 7.6 Billion and the float was over 5 billion.
Since the company proved it could retire 29 Billion shares, and reduce the float by over 21 percent pre-revenue, that is a very good indication that there will be no RS here.
Thanks for reminding us just how well they have done already with getting the share structure under control.
Oh, and we know that they are working on retiring another 400 million shares right now.
Just keeps getting better.