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Yeah, they kinda have to write about them......not a suprise.
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In my previously erased post I pointed out a company that went from $200k a year to $40 million in 2 years time selling CBD. Perhaps SINK will be able to increase their revenues, but I doubt they ever turn a profit. They spent $50 million last year to show $1 million. That was a laugh. Can’t wait to see the next joke. GoSINK!!!!
GoodLuck!!!!!!!!!!!!!
The past 2 years they have filed for an extension (which is up to 15 calendar days extra). I would imagine that April 1 they will file for extension and somewhere between April 10-16 we will see the filing. Should be a great read.
GoodLuck!!!!!!
Why do the conversion then? What’s the point? Here are some more shares well spent....
On February 15, 2018, a convertible note holder converted $110,000 of convertible debt (the SB Notes) into 55,000,000 shares of the Company’s common stock at a price of $0.002 per share.
On February 22, 2018, the Company issued 25,000,000 shares of the Company’s common stock to Corey Lambrecht, a related party, noteholder for conversion of $50,000 of notes purchased from Stockbridge Enterprises, L.P. (the “SB Notes”), at a price of $0.002 per share.
On March 7, 2018, the Company issued 600,000 shares of the Company’s common stock to a consultant for services.
On March 12, 2018, the Company issued 25,000,000 shares of the Company’s common stock to a noteholder for conversion of $50,000 of notes purchased from Stockbridge Enterprises, L.P. (the “SB Notes”), at a price of $0.002 per share.
And that’s just thru the first quarter. Can’t wait to see the full year. Curious why you two think Greg is such a genius? Or Will for that matter?
To your comment on preferreds I wasn’t surprised they would be covered first or that the “company” was some how close to bankrupt, how could they be with all that share selling, I was surprised they would command almost 10 times the all time high of this wonderful stock. More will be revealed on April FOOLS. Or will it?
GoodLuck! Selling your shares.
If anyone had any questionss on how these two survived last year, fear not. They did quite well. Expect more of the same this next earnings report.
On January 8, 2018, the Company’s CEO converted 3,000,000 shares of the Company’s Class A convertible preferred stock into 75,000,000 shares of the Company’s common stock.
On January 31, 2018, the Company’s president converted 800,000 shares of the Company’s Class A convertible preferred stock into 20,000,000 shares of the Company’s common stock.
Greg is rolling in the dough. Found his nich in scamming shares on to the public. Million dollar industry for him. Just read their releases (10K, 8k), he is indispensable for the company. And if the company goes belly up he and the board get paid $1.00 for every Class A before you “investors” see a cent. What chicanery. GoSINK!!
Happy Friday,
GoodLuck!!!!!!!!!!
What would you pay “officers and directors” to post a 60 million dollar loss?
Sing apparently appreciates that kind of hard work.
In August 2017, the Company issued a total of 24,000,000 shares of Class A Stock to officers and directors for services with a fair value of approximately $38,640,000.
Hahahahaha GoSINK!!!!
GoodLuck!!!!!!!!!!
P.S. Can’t wait for the 2018 numbers to come out.
Good read.....
Since January 1, 2016 we have made additional acquisitions in entities which are no longer operational. On April 27, 2016, we issued 4,000,000 shares of common stock with a fair value of approximately $26,000 to a third party as an initial payment for an ownership interest in GoDraft.com, a daily fantasy sports enterprise. On December 31, 2016, we adjusted this investment down by $26,000 to its estimated fair value of $0. On June 3, 2016 and July 14, 2016, we issued 54,719,562 and 42,417,815 shares, respectively, of our common stock, (a total of 97,137,377 common shares with a fair value of approximately $953,600) to a third party for an ownership stake in Draft Fury, a daily fantasy sports enterprise. During the year ended December 31, 2016, we adjusted this investment down by $953,600 to its estimated fair value of $0. In March 2017, the Company issued 4,878,049 shares of common stock with a fair value of $343,902 and paid $210,000 in cash for a 10% investment stake of Jacksam Corporation for a total investment of $553,902. During the year ended December 31, 2017, we adjusted this investment down by $553,902 to its estimated fair value of $0.
In June 2017 we entered into a joint venture to allow us to conduct sales and distribution of our products utilizing bitcoin and blockchain technology. In September 2018 our partner launched the Bitcoin powered solution to enable consumers to store and send bitcoin through the use of blockchain technology. Pursuant to our joint venture agreement, our partner is responsible for the development, operation and maintenance of the wallet and we are responsible for the distribution and sales of their suite of products in exchange for the development of this solution. Our distribution and sale of their suite of products includes only the sale of the wallet service and not the sale and distribution of the bitcoin and other cryptocurrencies stored in the wallet. The agreement provides that the parties shall collaborate unless the parties determine to terminate the relationship.
In January 2018 the Company entered into an agreement with ShieldSaver, LLC to acquire fifty one percent (51%) of the outstanding interests of ShieldSaver, LLC. Pursuant to the agreement we paid $140,000 to Shield Saver, LLC and are obligated to issue shares of our common stock with an aggregate value of $670,000 based upon the applicable closing trading price. ShieldSaver is a technology focused automotive company working to efficiently track records of vehicle repairs. ShieldSaver is an automotive technology business pairing repair shops with potential customer via proprietary License Plate Recognition technology. The company works closely with large parking lot management companies at airports and other locations around the United States to obtain the data needed to operate. To date the Company has not issued ShieldSaver the equity due per the terms of the agreement, and as such we do not own, consolidate or operate ShieldSaver, LLC.
GoodLuck!!!
GoSINK!!!! Great day today for Will and Greg and any other con out there rolling in the dough. Maybe I’ll catch them on the tables this weekend in Vegas. Gambling, CBD, Solar, Bitcoin, and who knows what next month will bring. 58 days til 30 million plus shares start to hit the market each and every month for the rest of the year. GoSINK!!!!!!!
GoodLuck!
If you price check DIGS products with others you will fail to see where the discount comes from. One would have to be a fool to purchase from them when they can get the exact same products for 10, 20, up to 40% cheaper. Of course one would have to be a fool to have hope in SINKLEPOINT, Greg, or Will. GoSINK!!!
GoodLuck!!!!!
P.S.
67 days until those 30+ million shares a month start hitting the market. Enjoy!!!
Just like Sing, not as advertised or hyped. 4 more months til those 30+ million shares start to hit the market every month. Should be fun until then. GoSink!
GoodLuck!!!!!
Two things from that Video.
I don’t remember hearing that the pay station in dispensaries was shut down. I thought they just didn’t go through with it like so many of their other adventures. Second, why does he implore the shareholders to check singleseed out? Would you not want everyone possible to check it out? Pretty sure the shareholders are on it. Glad to know they are a fully reporting company. Hadnt heard that, but every news article and MoneyTV plug they have done. What a charade! How long can Greg keep this up? Where’s Kevin the spokesman? Hahahahaha.
GoodLuck!!!
Pen a letter if you’d like. Let your CEO know how you feel.
This is a residential parcel located at 7212 S 30TH ST PHOENIX 85042. and the current owner is LAMBRECHT GREG P. It is located in the Encanto At The Legacy subdivision and MCR 50405. It was last sold on 05/01/2006 for $400,000. Its current year full cash value is $224,000.
https://www.zillow.com/homedetails/7212-S-30th-St-Phoenix-AZ-85042/49641552_zpid/
Maybe you can become pen pals. Who knows??? He may not even live there. Appears it was up for rent.
GoodLuck!
And how lucky TorusMed is in the same building as SinglePoint. Greg is surely living clean. What are the odds?
GoodLuck!!!!!
All good things must end. I hate that this board has gone quiet. I hope all is well gldtimer. Thanks for the lessons.
If PPS stays steady, that deal is set up to give them 31 million plus shares a month until well into the summer. That’s a lot of dumping.
GoodLuck!!!!!
Why didn’t anyone tell me what a great deal Greg made? He’s selling $5,000,000 dollars worth of stock at 65% of the lowest stock price each month in $500,000 increments. No wonder the dump has been on. Should continue for 8 more months. His business mind is unmatched!
https://ir.singlepoint.com/all-sec-filings/content/0001477932-18-005607/0001477932-18-005607.pdf
The “Conversion Price” means the Conversion Factor multiplied by the average of the three (3) lowest Closing Bid Prices during the twenty (20) Trading Days immediately preceding the applicable Conversion. “Conversion Factor” means 75%, subject to the following adjustments. If at any time the average of the three (3) lowest Closing Bid Prices during the twenty (20) Trading Days immediately preceding any date of measurement is below $0.0225, then in such event the then-current Conversion Factor shall be reduced by 10% for so long as such average price remains below $0.0225 (subject to other reductions set forth in this section). In addition to the Default Effect, if any Major Default occurs after the Effective Date, the Conversion Factor shall automatically be reduced for all future Conversions by 5% for each of the first three (3) Major Defaults or Minor Defaults pursuant to Section 4.1(b) of the Secured Promissory Note that occur after the Effective Date. At any time and from time to time after Investor becomes aware of the occurrence of any Event of Default, Investor may accelerate the Note by written notice to Company, with the Outstanding Balance becoming due and payable in cash at the Mandatory Default Amount within ten (10) days.
GoodLuck!!!!!
Which would you rather eat, a shit sandwich or a turd burger? Bon appetit!!!!
GoodLuck!
Might help if you knew you were being talked to by a sleazy, lying to your face, piece of shit. I wish you well in this turd sandwich dinner Greg feeds you.
GoodLuck!!!!!!!
Seems the slight of hand is still working. Why not focus on increasing profitability with the current “acquisitions” instead of continuing to look for “new acquisitions”? Took them $600,000 to make $200,000. And everyone here has faith in these guys. What a laugh. What reasonably profitable company could you buy for $5,000,000? If the company was making money, they wouldn’t be selling for that cheap. Know a scam. Recognize you’ve been had. Move on.
GoodLuck!!!!!!
Let’s review recent activity. The stock is down 17% on the month, more on the 3 month. The one commercial was a joke, right? They are involved in a grow shop, a windshield fix-it, and online gambling (I don’t see the correlation). The app so far, not so good. They have insane losses and minescule revenue. What’s not to love?!?!? Oh and the owners are still dangling carrots for the donkey to drag the cart a bit further.
GoodLuck!!!!
Love the personal attacks! You guys are as focused on this company as it’s owners. At least; they are still focused on their main goal, putting out vague statements to lure more “shareholders” to give them money. The fact they amended it 3 or 4 times shows they didn’t care or cover their ass in the first one. This “ company” was created to scam and its been successful doing so. Weak commercial. Weak app. Weak “stock”. Strong SCAM!
GoodLuck!!!!!!!!!!!!!!!
March of 2017 it only cost them $413,173 to make $411.00 in revenue
March of 2018 it cost them $7,216,921 for the $188,183. That’s how you run a GREAT company right there.
Why was this 4 times higher in December? What was better then than now? Hope was greater?
The Company’s ability to continue in existence is dependent on the Company’s ability to develop the Company’s business plan and to achieve profitable operations. Since the Company does not anticipate achieving profitable operations and/or adequate cash flows in the near term, management will continue to pursue additional equity financing through private placements of the Company’s common stock.
GoodLuck!!!!!
They stated all of this in their last annual report, if you bothered to read all 45 pages of it. Your personal attacks are well documented here, so playground children we are. As to inventions....what please tell me have they invented? Everything they are doing there are 10 more just like it. Don’t talk about 750k worth of revenue like that’s a feat when the company is hemorrhaging money. That is like bucket bailing the Titanic! As always.....
GoodLuck!!!!!!
Are these revenues greater than the 50+ Million they lost last year? Also stated they expect to lose money again this year and for the foreseeable future.
This article would also imply SingPoint was some how on the same playing field as MGM and Ceaser’s when it comes to the gaming industry. What a laugh!!!! No product, no market, no company.
GoodLuck!!
I don’t see any mention of Draft Fury, in their Form 10 or their most recent Quarterly, under history or assets. I noticed DraftFury’s Twitter and Facebook haven’t been updated since 2016. Maybe I’m wrong, but I don’t see much if any revenue coming from DraftFury.
GoodLuck!
This sounds exciting!!!
I’ll highlight and then post full info......
Compensation increase from $671,200 for the year ending December 31, 2016, as compared to $38,824,066 for the year ending December 31, 2017, an increase of $38,152,846, which was due to the issuance of equity to our officers and directors.
Operating Expenses
Total operating expenses increased from $953,624 in 2016 to $41,133,695 in 2017, an increase of $40,180,071. The increase was primarily due to an increase in compensation due to the issuance of equity to our officers and directors, and impairment of goodwill during 2017. We had an increase in consulting fees of $242,479 in the year ended December 31, 2017 from the year ending December 31, 2016. This increase was due to an increase in the use of consultants to assist the Company in its operations. Compensation increase from $671,200 for the year ending December 31, 2016, as compared to $38,824,066 for the year ending December 31, 2017, an increase of $38,152,846, which was due to the issuance of equity to our officers and directors. Professional and legal fees increased from $33,372 for the year ending December 31, 2016, as compared to $134,091 for the year ending December 31, 2017, an increase of $100,719, which was due to increased auditing and legal expenses, primarily related to the audit of the Company’s financial statements. Investor relations expenses increased from $184,315 for the year ending December 31, 2016, as compared to $451,957 for the year ending December 31, 2017, an increase of $267,642, which was due to an increase in marketing of the Company’s and its subsidiaries products. General and administrative expenses from $31,337 for the year ending December 31, 2016, as compared to $269,525 for the year ending December 31, 2017, an increase of $238,188, which was due to an increase in expenses related to our acquisitions, moving our executive to a larger location, and acquiring insurance. For the year ending December 31, 2017 we incurred an impairment of goodwill of $1,178,197. This impairment was related to the reduction in goodwill relating to the purchase of DIGS.
Other Income (Expense)
Other Income (Expense) increased from ($1,278,940) in 2016 to ($11,619,483) in 2017. This increase was due to an increase in the loss on settlement of debt of $9,714,195 relating to the conversions by the holders of certain convertible instruments into shares of common stock.
Net Loss
For the year ended December 31, 2017 the Company had a net loss of approximately $52,693,560 compared to a net loss of approximately $2,231,668 for the year ended December 31, 2016, an increase of $50,461,892. The increase is primarily due to an increase in equity based compensation during 2017.
Good times as stated on Aug. 6, 2018
https://ir.singlepoint.com/all-sec-filings/content/0001477932-18-003823/sing_1012ga.htm?TB_iframe=true&height=auto&width=auto&preload=false
We have had a history of losses and may incur future losses, which may prevent us from attaining profitability.
We have had a history of operating losses since our inception and, as of March 31, 2018, we had an accumulated deficit of approximately $68 million. We may incur operating losses in the future, and these losses could be substantial and impact our ability to attain profitability. We do not expect to significantly increase expenditures for product development, general and administrative expenses, and sales and marketing expenses; however, if we cannot increase revenue growth, we will not achieve or sustain profitability or positive operating cash flows. Even if we achieve profitability and positive operating cash flows, we may not be able to sustain or increase profitability or positive operating cash flows on a quarterly or annual basis.
Raising additional capital may cause dilution to our stockholders, restrict our operations or require us to relinquish rights to our technologies or product candidates.
Until the time, if ever, that we can generate substantial product revenues, we plan to finance our cash needs through some combination of equity offerings, debt financings, collaborations, strategic alliances and licensing arrangements. We do not have any committed external source of funds. To the extent that we raise additional capital through the sale of equity or convertible debt securities, the ownership interest of our existing stockholders will be diluted, and the terms of these new securities may include liquidation or other preferences that adversely affect the rights of our existing stockholders. Debt financing, if available, may involve agreements that include covenants limiting or restricting our ability to take specific actions, such as incurring additional debt, making capital expenditures or declaring dividends.
There is substantial doubt about our ability to continue as a going concern
We have not generated any profit from combined operations since our inception. We expect that our operating expenses will increase over the next twelve months to continue our development activities. Based on our average monthly expenses and current burn rate, we estimate that our cash on hand as of December 31, 201 7 will not sufficiently support our operation for the next twelve months. We do not expect to raise capital through debt financing from traditional lending sources since we are not currently generating a profit from operations. Therefore, we only expect to raise money through equity financing via the sale of our common stock or equity-linked securities such as convertible debt. If we cannot raise the money that we need in order to continue to operate our business, we will be forced to delay, scale back or eliminate some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail. If we are unsuccessful in raising additional financing, we may need to curtail, discontinue or cease operations.
Risks Related to Employee Matters and Managing Growth
Our future success depends on our ability to retain our chief executive officer and other key executives and to attract, retain and motivate qualified personnel.
We are highly dependent on Gregory Lambrecht, our Chief Executive Officer, William Ralston, our President, as well as the other principal members of our management team. Although we have entered into employment agreements with Mr. Lambrecht and Mr. Ralston providing for certain benefits, including severance in the event of a termination without cause, these agreements do not prevent them from terminating their employment with us at any time. We do not maintain "key person" insurance for any of our executives or other employees. The loss of the services of any of these persons could impede the achievement of our research, development and commercialization objectives.
Results from Operations – For the year ended December 31, 2016 as compared to December 31, 2017.
Net Revenue
For the years ended December 31, 2017 and 2016, the Company had total sales of $259,634 and $922, respectively. The increase of $258,712 in revenues was due to the acquisitions made by the Company during 2017. Our main source of revenues has come from our DIGS and JAG subsidiaries, acquired in 2017, thus the reason for our increase in revenues over 2016. DIGS product line includes a range of products servicing the ancillary cannabis cultivation marketing including but not limited to soil, nutrients, lighting, and more and we see the current trend for this business to be organically growing in an upward trend. JAG’s main product line is windshield replacement and repair .
Cost of Revenue
Cost of Revenue increased from $26 for the year ending December 31, 2016 to $231,820 for the year ending December 31, 2017, an increase of $231,794. This increase was due to the increased cost of goods sold of some of our newly acquired subsidiaries.
Gross Profit
As a result of the foregoing, our gross profit was $896, for the year ended December 31, 2016, compared with $27,814, for the year ended December 31, 2017. The increase in our overall gross profit was a result of the newly acquired subsidiaries.
Those are strong numbers!!!!!!!
Dude it’s Q3 now. That news was released May 25. It also stated they had a net loss of 7.2 million dollars in Q1.
https://content.equisolve.net/singlepoint/media/b678bbc69ddcd99467496c6ded27e41a.pdf
How do you figure? They have a slew of acquired and dissolved “companies”. Reported 60 million dollar loss last year. Have been dangling a commercial for well over 7 months. And when was the last time you heard Kevin Harrington speak of this? He didn’t care as soon as all his commission paid shares were liquidated.
GoodLuck!!!
Companies with no revenues to speak of, that lost 60 million in a year, with no products on the market typically don’t make commercials or advertise. In fact they don’t stay in business. Alas, good ole SING stockholders keep these guys afloat.
GoodLuck!!!!!!!!!
P.S.
How long have they been dangling this commercial in front of the holders?
All you need to do is look back at all these dead adventures SING has been on.
https://www.singlepoint.com/news-media/press-releases?page=4
How do you plan and produce a commercial for a product that isn’t even ready for market?
GoodLuck!!!!
Oh yeah this “company” looks great!!!!
During the year ended December 31, 2017, the Company issued 25,000,000 shares of the Company’s common stock to Corey Lambrecht (former board member, nephew of President, Greg Lambrecht) noteholder for conversion of $50,000 of notes purchased from Stockbridge Enterprises, L.P. (the “SB Notes”), at a price of $0.002 per share.
During the year ended December 31, 2017, the Company issued an aggregate of 197,680,000 common shares for convertible notes payable converted by the noteholders with an aggregate balance of approximately $617,500,
Almost 200 million share issued at $.003 a share. How can they afford to sell at 2 cents????
What a joke!!! His nephew?!?!?!?!
GoodLuck!!!
That is exactly what they are doing and why they control the shares.
On February 15, 2018, a convertible note holder converted $110,000 of convertible debt (the SB Notes) into 55,000,000 shares of the Company’s common stock at a price of $0.002 per share.
On February 22, 2018, the Company issued 25,000,000 shares of the Company’s common stock to a noteholder for conversion of $50,000 of notes purchased from Stockbridge Enterprises, L.P. (the “SB Notes”), at a price of $0.002 per share.
On March 7, 2018, the Company issued 600,000 shares of the Company’s common stock to a consultant for services.
On March 12, 2018, the Company issued 25,000,000 shares of the Company’s common stock to a noteholder for conversion of $50,000 of notes purchased from Stockbridge Enterprises, L.P. (the “SB Notes”), at a price of $0.002 per share.
Wish I could get some shares from Gregory this cheap. I’d be dumping a million a day, too.
GoodLuck!
Also a great piece page 17......
Since inception, we have experience negative cash from operating activities and have financed our operations primarily through the sale of equity securities and issuance of convertible notes payable. As of March 31, 2018 we had cash of $333 951.
Based on our recent performance and current expectations, we believe our existing cash and cash equivalents, as well as cash expected to be generated from operating activities will not adequately meet our working capital, capital expenditure needs and other liquidity requirements associated with our existing operations over the next 12 months.
And again page 29
The financial statements have been prepared assuming that the Company will continue as a going concern. As of March 31, 2018, the Company has yet to achieve profitable operations and is dependent on its ability to raise capital from stockholders or other sources to sustain operations and to ultimately achieve viable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. These factors raise substantial doubt about the Company's ability to continue as a going concern.
The Company’s ability to continue in existence is dependent on the Company’s ability to develop the Company’s business plan and to achieve profitable operations. Since the Company does not anticipate achieving profitable operations and/or adequate cash flows in the near term, management will continue to pursue additional equity financing through private placements of the Company’s common stock.
GoodLuck!!!
Super happy message here on page 10 of that little write up.......
We have had a history of operating losses since our inception and, as of March 31, 2018, we had an accumulated deficit of approximately $68 million. We may incur operating losses in the future, and these losses could be substantial and impact our ability to attain profitability. We do not expect to significantly increase expenditures for product development, general and administrative expenses, and sales and marketing expenses; however, if we cannot increase revenue growth, we will not achieve or sustain profitability or positive operating cash flows. Even if we achieve profitability and positive operating cash flows, we may not be able to sustain or increase profitability or positive operating cash flows on a quarterly or annual basis.
No SH!T?
GoodLuck!!!
You mean this little gem of a money grab????
https://www.networknewswire.com/singlepoint-inc-sing-announces-initiative-designed-capitalize-pokemon-go-phenomenon/
What will they think of next....oh yeah, sports book. Muhahahahahaha. Stinkin’ genius.
GoodLuck!!!
At best you are in a stock you believe to be down over 90% from its high wishing on a prayer. At worst you don’t know anything about what you are putting your money into. Sad either way.
Lwe6683 have you been able to locate the SinglePoint guys at the conference?
GoodLuck!!!
Let’s just pretend you are right. The stock would be down over 90%. And you think that’s a buy????
Now as I’ve stated before......everyone paying attention????
On Aug.10 SING closed just under $.05. There was a freakish fat finger computer glitch spike to $.42. The next day Aug.11 SING opened still under $.05. It has NEVER EVER TRADED at $.42. If you don't believe just look at your charts 3 month, 1 year, 5 year never better than $.14. For reference check around post 25500. 25587 to be exact!!!!
GoodLuck!!!!
P.S. Use the sites you've referenced and see what their charts show.
Let’s just pretend you are right. The stock would be down over 90%. And you think that’s a buy????
Now as I’ve stated before......everyone paying attention????
On Aug.10 SING closed just under $.05. There was a freakish fat finger computer glitch spike to $.42. The next day Aug.11 SING opened still under $.05. It has NEVER EVER TRADED at $.42. If you don't believe just look at your charts 3 month, 1 year, 5 year never better than $.14. For reference check around post 25500. 25587 to be exact!!!!
GoodLuck!!!!