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This thing will pop when the S-1 hits in the next few weeks. Money to be made on the move, as simple as that
Registering S1 and getting 10M in funding is fluff? What's a better choice, R/S or nobid? lol
Gonna be a lil awkward when they file S1 in April and get that revolving credit facility huh
That's a whole $200, wow!!!
EZ Pass facility becomes available after S1 registration and current reporting status per the blackbridge 8K. I'm expecting up-listing following that, good times ahead for $UMAX
I won't do full DD for other people because if you're playing this game you need to do it yourself but the 8k has the following information to shed light on the obvious dilution:
Blackbridge can only purchase shares every 10 days but also only in amounts at the LESSER of $200,000 OR at 150% of the average trading volume across 10 days multiplied by the lowest price of the stock in that 10 day period prior to delivery.
This amount may not exceed 4.99% of the total outstanding stock.
Shares are bought at 83.5% of the lowest trading price in that same ten day period prior to the execution which is following the draw down request (written notice).
It should also be noted that: "Subject to the terms and conditions of the Securities Purchase Agreement, the Company, at its sole and exclusive option, may issue and sell to Blackbridge, and Blackgridge shall purchase from the Company, the shares upon the Company's delivery of written notices to Blackbridge."
Blackbridge is not allowed to freely purchase shares as typical with convertible financing, UMAX must request the purchase and may only do so every ten days.
"Once the company becomes fully reporting said EZ Pass facility is available."
This isn't really a scam, there's dilution here but compared to real scams this isn't that bad nor extremely toxic. Ultimately the growth and revenue offered by the EZ Pass facility will be greatly worth the current dilution. I'd expect more news out of this one soon.
US Toll revenues are $13 billion annually. (2013)
src: IBTTA, based on publicly available
data, 2015
EZ pass customers contributed nearly $101.7 million in 2013 for Washington D.C/Virginia's Dulle Toll Road.
src: http://www.metwashairports.com/sites/default/files/archive/mwaa.com/file/DCAC_DTR_Revenue_Collection_System_12-02-2013.pdf
This company is very transparent, it has some great information in its filings, per 10-12G/A:
(http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10822007)
A listing of all convertible debts held by the company. The screencap doesn't contain all of them. In the 10Q you can also note that owners hold less than 35% of the outstanding shares and the authorized shares is 300,000,000. There are also 299,973,104 shares outstanding. 3,000,000 were traded today.
There is other relevant information in the filing, if you own this stock you should read it. Full disclosure, I do not own this stock.
glta
11m shares @ .0142 16:00:28
looool, let's see what happens tomorrow
$350M isn't a huge number here.
Copper apparently trades at around ~$6,000 a ton. 240,000 * $6,000 is ~$1.4B USD.
http://www.reuters.com/article/2015/07/30/us-china-copper-output-idUSKCN0Q402N20150730
This is just rough math and rather speculative but $350m as payment (~25%) for their services on a $1.4Billion logistic operation makes this make much more sense to me. Company has consistent SEC filings with a lot of info that everyone should look at before they decide to take a position tomorrow, long or short.
GLTA
Lowest volume in weeks today, if anything the dilution is dying down.
More info on CEO/Freedom Finance
Simple google search shows his name appearing in Russian business media a fair amount meaning he and Freedom Finance must have credibility.
http://ffin.ru/about/company/team/turlov.php
translated
Timur Turlov is the founder of the company. With more than 10 years of experience in international investment, he is an expert in the U.S. stock market. He specializes in the areas of portfolio asset management and development of option strategies with limited risk, conducts seminars on currently important investment ideas. Before founding the Freedom Finance Group of Companies, Mr. Turlov supervised the international markets areas in the investment companies Utrade and NetTrader.
He graduated from Tsiolkovsky Moscow State Technological University (MATI ) and holds the Federal Financial Markets Service qualification certificate FFMS 1.0.
Offices located in this building:
I'm interested in seeing where this leads.
Maintenance implies ongoing upkeep of the debt, as in Rontan must not default on their debt obligations.
Incase you're confused:
http://dictionary.reference.com/browse/maintenance
The wording also implies that Rontan's arrears must not exceed $52 million and does not explicitly state that there is $52million USD in actual debt.
If you're going to preach objectivity then actually be objective instead of making conviction filled post that suit your narrative.
Great post here but if you disregard $5 million in intellectual property you must also discount the liabilities as they are to the companies owner.
If you're implying that a singular post on a forum, not even a newswire PR, caused a buying frenzy then you're pretty misguided.
It's pretty clear that people reacted to the positive quarterly and blow past 52week high. Once it pushed past the penny and people began taking profit there was fear and panic and thus the selloff. No pump and dump, it's market psychology.
I'm excited to see what you're saying in the next run, hopefully you'll be looking at the right ticker!
Your post contain various points of misinformation.
You were repeatedly praising the company and posting things about it without even realizing you were looking at the wrong company. Then you began posting more incorrect information, claiming this company has a ton of debt when the loans are owed to its CEO and his wife.
If you aren't aware of what is really going on don't mislead others, kindly.
imgur lets you host photos free and quickly
Of course this message isn't a stand-in for an actual announcement of the closing but it provides reassurance to anyone who thought it may be fake and immediately discredits anyone claiming the merger isn't real.
Anyone with shares now just has to sit and wait, it's that simple.
COMPANY HOLDS PATENTS RELATED TO DARPA/MILITARY/GOV CONTRACTS. THIS IS THE $5 MIL IN ASSETS
PI: Raghbir Tahim
(714) 772-8274
Contract #: W31P4Q-12-C-0227
ID#: D12A-005-0081
Agency: DARPA
Topic#: SB12A-005 Awarded: 7/9/2012
Title: Closed Loop Frequency Control for Tunable High Quality Factor Filters
CEO HAS TRACK RECORD OF DOD CONTRACTS: PAGE 27-28, INCLUDES CONTRACT NUMBERS FOR LOOKUP
http://www.otcmarkets.com/financialReportViewer?symbol=ADCF&id=143166
CURRENT PROPOSALS (From Previous Quarterly):
US NAVY: N151-026
http://www.navysbir.com/n15_1/N151-026.htm
US NAVY: N151-076
http://www.navysbir.com/n15_1/N151-076.htm
Do DD, know what you own, this is legit.
Based on time and sale the price action looks like market manipulation, wouldn't be so quick to say this isn't going anywhere.
Quarterly Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=147222
Highlights:
Large change in intellectual property assets.
In April 2015, Texas A&M University transferred to Raghbir Tahim its 50% ownership
interest in patent rights on technology the University co-developed with Mr. Tahim
through RST Scientific Research, Inc. Concurrent with the transfer of ownership
interests from Texas A&M Universty to Mr. Tahim, Raghbir Tahim declared a capital
contribution to the Company and transferred the ownership interests in the patent to the
Company.
FASB ASC Topic 350 requires acquired intangible assets to be recorded at their values.
Based on Management’s knowledge of the technology (specifically, the technology’s
compatibility with numerous product applications across numerous industries), the
Company has determined the patent to have an indefinite life and a fair value of
$5,000,000. The Company will test the patent rights for impairment if and when
circumstances indicate that the intangible asset’s carrying amount may not be
recoverable, but no less than annually.
No toxic financing here, Mr. Tahim and his Wife are the major source of capital here.
Better report this to the SEC then, it's a federal offense to make false claims in a SEC filing! /s
smh