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This dude is blowing through over $1MM in six freakin' months with absolutely NOTHING to show for it? Then, he goes and borrows another $200K from Daddy at 10% interest? What the actual F*CK is going on here?
"We did not generate positive cash flows from operating activities for the six months ended January 31, 2020.
For the six months ended January 31, 2020, net cash flows used in operating activities consisted of a net loss of $1,012,512, offset by depreciation of $11,950, stock-based compensation of $251,625, debt discount amortization of $193,110 and by a loss on change in derivative liabilities of $215,751, and net increase in change of operating assets and liabilities of $102,116."
You failed to grasp the ultimate message of my last post. Inferior minds tend to miss obvious conclusions. The only documentation I need to provide is that EndpointLock is absolutely, indisputably, undeniably the intellectual property of Strikeforce. Regardless of the underlying mechanics of the deal between ACS and DSS, SFOR is making money in this relationship. EndpointLock is going to Asia. SFOR is making money in Asia. Tell the me how ACS could possibly be selling EndpointLock without paying SFOR? It is not legally possible. Whether ACS is funneling the money through a subsidiary or a shell company or a Bernie Madoff ponzi scheme, it does not matter. If it has the EndpointLock name on it, SFOR is making money. That is how licensing, trademarks, and copyrights work. It's math, not magic. Spew any nonsense you want. Facts will overcome.
I haven't been here in a while, and now I remember why. Total clown show. The DSS deal with ACS is right here. https://www.globenewswire.com/news-release/2019/03/05/1747929/0/en/Document-Security-Systems-Inc-Signs-Exclusive-Master-Distributor-Agreement.html
For the lazy, here is the first few paragraphs of the article. Keep in mind, anywhere EndpointLock is mentioned, that is indisputably Strikeforce's intellectual property. Any claim that it is not is simply false. Full stop. Enjoy:
ROCHESTER, N.Y., March 05, 2019 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (NYSE American: DSS), ("DSS"), a leader in anti-counterfeit, authentication, and diversion protection technologies, announced today that it has signed an exclusive Master Distributor Agreement with Advanced Cyber Security Corp. (“ACS”) to distribute their EndpointLockV™ cyber security software exclusively in thirteen countries in Asia and Australia, and EndpointLockI™ non-exclusively, in the U.S. and Middle East.
EndpointLockV software solves a worldwide security threat that has been instrumental in the early advancement of the biggest breaches of our time. This threat is known as keylogging spyware, which has become a main component in cyberattacks. Until now, cyber security teams have not been successful in protecting against keyloggers, which are commonly downloaded as a result of clicking on an infected link inside an email, text or web page. This practice of tricking unsuspecting victims into clicking on links that look legitimate is called “phishing”. According to recent reports, “phishing was found in 90% of breaches and 95% of phishing attempts that led to a breach, were followed by software installation, including keyloggers.” [1]
“Keylogging spyware has become a problem that is global in scope. It steals every keystroke typed into a PC or mobile device including login credentials, credit card and banking info and other sensitive data. The rapidly growing costs of cybercrime and the increasing rate of digital connectivity will drive the rate of spending in cyber security in the coming years. DSS believes EndpointLockV is the missing link for credential and data protection,” said Mr. Fai H. Chan, CEO of DSS International.
Mr. Chris Rebentisch, CEO of the Company remarked, "We are pleased to report that we have never been in a stronger position as a company. We are fully capitalized to execute on our strategy, without having to raise capital and with no debt in our books."
The Company maintains a strong balance sheet with cash on hand to fund capital projects, the ability to service its debenture payments and currently holds no other debt.
Experienced in the cannabis industry, the operationally focused management team raised approximately $36M over the last two years and has added $60M in assets to the Company.
Three major capital projects were undertaken by management in order to build expanded infrastructure capacity for cannabis flower cultivation, production of concentrates, and hemp-derived CBD extraction in Nevada. Gross proceeds of $10.45M are being utilized to fund infrastructure projects in Nevada and California, to open new markets in Arizona and Colorado, and to continue the expansion of its Canna Hemp™ consumer branded goods across the US.
After seeing this PR, do you still stand by your claim? With all the CapEx they have, they will be able to take deductions on their taxes for years! Especially since Nevada has no corporate income tax.
Ordinarily I would agree with you about anything NIA is pumping at any given moment. I think that guy belongs in jail. But with the foundation this particular company is laying, specifically the grow operation in Las Vegas, it is hard to argue against the positive future for TGIFF. People like pot, plain and simple. This isn't some niche product or gamble on a patent...It's pot. If you grow pot and sell it, you have to be a complete imbecile to lose money. The bigger your economy of scale, the larger your margins. I am not betting my retirement on TGIFF, but I took a decent position after reading the financials and their plans for the Las Vegas operation. But I will say there needs to be less of NIA in the world, in general.
Some pretty big buys today. What is going on?
This ridiculous nonsense is $35.5M in the hole with no articulable method of earning any money. How is this still a thing?
Going Concern – The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $35,507,438 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.
What exactly is going on here? How many were you able to sell? I have not been able to sell and was contemplating legal recourse for the exact fact that I could NOT dump for tax losses last year. Who is buying 6MM shares of this nonsense today?
Someone should remind him of a little concept called "fiduciary duties" and the legal ramifications of failing to fulfill them. Piercing the corporate veil can and does happen all the time.
Who is buying 15MM+ shares of this crap?
We should sue him for every last thin dime.
I will just link this here for anyone who cares to read it, regarding dissolution of an insolvent corporation.
https://smallbusiness.chron.com/dissolve-insolvent-corporation-37081.html
THANK YOU!!!!!
This is what I've been saying for almost two years.
How is this trading?
Thanks for all the info. I would love to make $90K as CFO of a defunct company. Must be nice.
Here is the text of his last email to me back on 7/12/18. He cc'd someone named Lowell Giffhorn <lgiffhorn@spectrascience.com>.
Hi [LovinDollars],
The road to the investment we need has been much longer than we anticipated. We still continue to work to acquire the investment we need to commence our commercial activities. Until then we will continue to remain under the radar.
Michael Oliver
President & CEO
SpectraScience, Inc.
______________________________________________________________
Take that for whatever you think it's worth.
Sorry. You can totally ignore my previous message. I meant to post that on another stock board entirely. My apologies. Please, disregard.
Here is the text of his last email to me back on 7/12/18. He cc'd someone named Lowell Giffhorn <lgiffhorn@spectrascience.com>.
Hi [LovinDollars],
The road to the investment we need has been much longer than we anticipated. We still continue to work to acquire the investment we need to commence our commercial activities. Until then we will continue to remain under the radar.
Michael Oliver
President & CEO
SpectraScience, Inc.
Take that for whatever you think it's worth.
I will say, Oliver does respond to emails, and he did say he is still looking for funding, so whether or not this ever pans out, at least you can't say he dodges emails. How much or how hard he is actually looking for funding are a totally different questions, however. If he is only looking at his country club on the driving range, that doesn't bode well for anyone holding this garbage. Real shame too. I thought this one had legs.
Who the hell is buying this crap?
This is the information on his company website.
Newton Collaboration, LLC
Tel: 713-425-5364
Email: rnewton@newton-collaboration.com
Address??????: 1700 Post Oak Boulevard
2 BLVD Place
Suite 600
Houston, Texas 77056
How is this being traded? I thought it was suspended.
If you have the time and resources to put that all together, I don't think we have any other choice. Honestly, the likelihood of finding a lawyer to take our case is probably pretty small, and would depend entirely on what kind of damages might be available. That in itself would cost money to hire an expert on such calculations. So, I am all for a proxy.
Approximately 486K.
What the heck is this? How and where do they get information? This is utter bologna.
Brandon is playing roulette with paper shares. He's putting a small stack on a bunch of different numbers hoping one of them will hit. Problem is, he'd probably get better odds on an actual roulette table. But, then he'd have to spend real cash. These PRs are a waste of dollars. He should save the money and wait until there is actual revenue to report.
The only time I ever had any luck making contact with anyone was when I send an email to the attorney of record, via that attorney's website. I believe I've posted it here previously. I will have to go back and look for it, unless you've already attempted to contact him.
I think that only applies to Computershare Trust Company, N.A. It appears they had some deal to purchase preferred shares that expired either today or yesterday. At least, that's what I THINK is going on. I am just making an educated guess, after my brief glance at the filings.
You gotta give the guy a little credit. It's a unique idea. I am not aware of any other companies in the same space. It is SUPER risky, and stock swaps with Blockchain companies are totally unproven and likely hit or miss. Then, even if one of them becomes huge, there's the risk of that Blockchain being hacked and the company loses everything overnight. But if one of MBLC's partners becomes the next Bitcoin, it's arguably not a bad gamble...IF the appropriate steps are taken to protect the given blockchain from hackers.
He's basically playing Roulette with each company his partners with, and not spending any money to do it. Each one is a coin flip. He's taking advantage of the decent share structure of the shell he bought. At least he is actually doing something novel and potentially profitable. That's a BIG "potentially," but at least he's not simply diluting and dumping shares like most garbage pink sheet CEOs. Let's see what happens. I'm definitely following this with dry powder.
Quote from the link I posted:
"During the six months following the close of the transaction, Millennium BlockChain intends to fund ChoiceTrade in the amount of $10 million or more to spur ChoiceTrade’s growth."
If Brandon is throwing around that kind of money, I'm willing to stick around and see what happens. But that's just me.
There was a 44,848,018 buy after that too. Nice little pickup.
About time.
I can't get Adair to respond to my emails or voicemails. I tried contacting the listed attorney, which actually got me a return call about a year and half ago. But this most recent attempt got me directed to the transfer agent, whose contact is listed below. That was back on 11/30/17. She forwarded my email to Adair expressing my concerns. I never heard back from either of them. Feel free to take the reins and rattle their cages. I find it VERY disturbing that their website does not even work anymore.
Carylyn K. Bell
President
Corporate Stock Transfer, Inc.
3200 Cherry Creek South Drive, Suite 430
Denver, Colorado 80209
Telephone: (303)282-4800
Fax: (303)282-5800
Email: cbell@corporatestock.com
John Adair
cherokeegas@yahoo.com
www.energyhii.com
Still here. Not like we can go anywhere, since we can't even sell our shares and take the loss.
Anyone see that video of the container ship that clipped another ship that was docked? Pretty intense.
NIA pumped this a while ago. I've been watching for a while and just got in today. The news is promising, but I don't know if there is a major rise to be had, but this could be a great flip opportunity. #GPHOF $GPHOF
The company may not have any assets, but Adair and his buddy must have something left over from an entire career in the oil business. Piercing the corporate veil to get at personal assets seems like it might be worth a look by a securities lawyer. The guy was a fighter pilot, right? He must at least have a pension or something.
Anyone score some 0.0001s today? I've had my order open since the opening bell and I'm not getting any on the dips.