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Nice news release out this morning. Let's see if it translates into a bump in PPS.
Back to back green days! Maybe some news tomorrow to help keep this going.
Hope what we're going thru right now is the silence before the storm...
Any thoughts or comments about the 10-Q that came out today - or the 10-K from last month, for that matter. That accumulated deficit number seems to stand out, but I'm not sure how to take it in its full magnitude. I suppose landing a few more big contracts would go a long way in taking care of it.
Pretty quiet here lately. Anybody heard anything about what may be happening?
The 10-K should be out by the end of the week and I'm hoping it generates more buying interest. Although I'm not all that familiar with all the competitors and their products in this sector, I do agree that what Nimbo has looks very promising. I'd be a little less antsy if, while we wait here for IGEN to take off, the PPS was sitting at around .50 instead of at .16. If the valuation ever gets up into the hundreds of millions range, then we're talking dollars not cents for the PPS.
So, you're talking there about CalAmp's acquisition of LoJack last month for $134M. Are you maybe suggesting CalAmp might want to go after IGEN, too? What do you think would be a good estimate for what IGEN could be valued at? Hopefully considerably more than $5M.
$IGEN - been under the radar for quite awhile, but had big news last week. Still only 27M OS. Good time to get in before word gets out.
Hard to get a handle on this one. Thought with the news this morning we'd be back up in the 20s by now. Guess we just need to be patient until we get a following.
News release out this morning regarding the launch of their new buy-here-pay-here platform to serve the pre-owned automotive market at SEMA next week. Just another in the line of product roll outs that's going to be big for us imho.
Earlier this year when the pps was over .01 and all the talk about going back to .05, I think the share structure at .05 would have had us at a market cap of around $25M. (Wasn't the OS back then around 500M?) Anyone still think this could be a $25M company? With the share structure in that latest 8K, i.e. 3.19B OS, that would put the pps at around .0078 to have a $25M market cap. Or is that all a pipe dream at this point?
Looks like the only change is the effective on or before date has moved from August 25 to September 6.
Still not too late for some good news today. Would help add to this modest bounce so far. One decent buy at the ask and we're back at .0012.
A ray of hope, maybe, in what's stated toward the end in the Affects of the Authorization Amendment section.
"... Other than the foregoing issuance of shares upon conversion of existing, outstanding convertible promissory notes of the Company, the Board of Directors has no plans to issue the additional shares of Common Stock authorized by the Authorization Amendment. However, it is possible that some of these additional shares could be used in the future for various other purposes without further stockholder approval, except as such approval may be required in particular cases by our charter documents, applicable law or the rules of any stock exchange or other quotation system on which our securities may then be listed. These purposes may include: raising capital, providing equity incentives to employees, officers or directors, establishing strategic relationships with other companies, and expanding the Company’s business or product lines through the acquisition of other businesses or products.
We could also use the additional shares of Common Stock that will become available pursuant to the Authorization Amendment to oppose a hostile takeover attempt or to delay or prevent changes in control or management of the Company. Although the board’s approval of the Amendment was not prompted by the threat of any hostile takeover attempt (nor is the board currently aware of any such attempts directed at the Company), nevertheless, stockholders should be aware that the Authorization Amendment could facilitate future efforts by us to deter or prevent changes in control of the Company, including transactions in which stockholders of the Company might otherwise receive a premium for their shares over then current market prices."
So, I don't know. If they do what's stated here it might still work out OK. But like someone mentioned earlier, if they start flooding the market with them, we're screwed.
If they don't issue a PR by the opening bell tomorrow morning and clarify what the heck is going on, and how they plan to use those additional 9+ billion shares, you could see a 250M day with the pps going below .0005.
Belly up to the bar, folks. Drinks are on VNDM.
On second thought, I'll just go ahead and get some @ .0015 and see what happens.
I'm on the bid @ .0014. Let's see some action @ .0015! Maybe move up a little today for a change.
I completely agree with all your reasons why an r/s now would be a really bad idea. However, once all those issues you bring up in your last couple of posts are dealt with, I could possibly be OK with a modest r/s, say 1 for 5 or 1 for 10. Either of those would reduce the A/S and O/S to pretty good levels for an OTC stock and bring the pps up to a more respectable level. The key though, is that they need to have all their ducks in a row so that following the r/s, the pps remains justified by the strength of the business. Otherwise it's just pointless. My experience with companies that r/s is pretty dismal. I can't name one that I've been in that it worked out for. Maybe OSLH could be different.
On March 24, the last time the pps was down at this level, they did issue a statement that there would be no RS:
"...announced today that OSL’s Board of Directors and Executive Management Team have decided not to exercise its authority to execute a reverse stock split. Bob Rothenberg, OSL’s CEO said: “Due to market conditions and the need to focus on the continued growth of Go Green Hydroponics, our most recent acquisition, the Board and Executive Management Team have decided not to move forward with a reverse stock split. We continue to focus on the growth of our revenues and the execution of our accretive acquisition strategy.” Steve Gormley, OSL’s Chief Business Development Officer said, “We remain committed to growing our business and shareholder value through increasing revenues, strategic partnership and acquisition.” (The bold was added by me)
You're correct. I was looking at the closing prices.
Where's the bottom? As best I can tell, the .0013 we closed at four months ago in March was the all time low. The way we're going, we may hit that today sometime! I'm wouldn't be surprised if someone came along and tried to buy them out at these levels just to get their hands on the Go Green Hydroponics end of the business.
And just to clarify from my last post. Eli Feder is, of course, also an officer of OSLH, along with Robert Rothenberg and Steve Gormley.
Just to take one of those companies at that LA address, Oregon Retail LLC. It's also registered in Nevada at an address in Las Vegas. Under that registration the managing members listed are: Anthony Tucci, Eli Feder, Robert Rothenberg, and Steve Gormley.
Again, not sure what to make of this, but looks on the surface that they're entering into this LOI with a company that has ties with other entities that Rothenberg and Gormley have associations with.
It exists, but can't find any meaningful info on it. Pacific Retail LLC, address is 1428 Nadeau Dr., Los Angeles. The registered agent is an Anthony Tucci. Also at that same address and also registered under Anthony Tucci are Nevada Retail LLC, Oregon Retail LLC, Calif. Consulting Group LLC, and Calif. Retail Consulting Group LLC.
One additional company at that same address is Calif. Real Estate LLC. The registered agent is CSC Services of Nevade, based in Las Vegas. Listed as managing members are this same Anthony Tucci, a Jeff Love from Dallas, and here we go, Robert Rothenberg of OSLH.
Not sure what to make of this. Not much to go on, but does look a little strange.
Their current debt, along with how much and who they owe it to, should all be in the 10-Q due out next week.
Also, not sure why everyone is so down on the association with Cheryl Shuman. As stated in the JV announcement on 5/20: "In their initial venture, OSL and Shuman will team up to launch a luxury cannabis conference series focusing on the affluent marijuana market and high-dollar investment vehicles for the rapidly growing space... Today's joint venture agreement opens the door to future deals between the two parties." and then goes on to point out, "The first of its kind event is being developed to take place in the Caribbean in early 2016." (Bold is added by me).
So, I say be patient. Give this partnership a chance to develop and we'll see what benefits we reap down the road.
The A/S as of the 8-K on 6/5 was 1.947B and the O/S as of the 8-K on 6/29 was 936M. Not sure how much more dilution may occur, but if it's not too much more, these levels are not so high that they wouldn't support a return to at least .01 with some decent news backed up by some decent revenues. But this won't happen overnight. It's going to take some time. Put me down on the side of those willing to be patient and give it a chance.
I hear you, an I don't blame you for feeling like that way. I'm kind of stuck here, too. I've decided awhile back to just ride it out and see what happens. Got nothing more to lose at this point. Whether it's .002 or .0001 I'm down to where it doesn't really make much difference to me.
We'd all like to see that, but we need some action at .002 before we get to far ahead of ourselves!
8-K filed just a little bit ago detailing where shares have gone June 1 through the 16th. OS as of this filing is now 852,243,045.