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You took what I said out of context. I said it's not an assumption that they need money. They said that pretty much flat out in the annual report.I'll copy it below for you.
From Note 3 of CCLX Annual report.
"The accompanying financial statements have been prepared assuming the Company will continue as a going
concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the
normal course of business. The Company had accumulated deficits of $6,693,898 at April 30, 2017 and $4,859,697
at April 30, 2016. It had net losses of $1,834,200 and $1,298,298 and for the years April 30, 2017 and 2016,
respectively. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
While the Company is attempting to increase operations and generate revenues, the Company’s cash position may
not be significant enough to support the Company’s daily operations.
The Company will continue to pursue additional equity and/or debt financing while managing cash flows from
operations in an effort to provide funds to meet its obligations on a timely basis and to support future business
development. There is no assurance that these efforts will be successful. Management believes that the actions
presently being taken to further implement its business plan and generate additional revenues provide the
opportunity for the Company to continue as a going concern. While the Company believes in the viability of its
strategy to generate additional revenues and in its ability to raise the additional funds, there can be no assurances to
that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to
further implement its business plans and generate additional revenues. The financial statements do not include any
adjustments to the amounts and classification of assets and liabilities that may result should the Company be unable
to continue as a going concern."
It's not an assumption, they said it in the annual report. They need to money to continue operations. I think as soon they they release info on the Alpha test, they'll find the capital they need.
APP is Impressive from what I've heard from testers. They can't say much because of the none disclosures, but I would bet the company is about to send a big PR on the results so far! Waiting is about to really pay off.
Yield should be gone soon. http://www.otcmarkets.com/financialReportViewer?symbol=CCLX&id=180311
Then big news on testing!
The July filing also only list the Reno office and nothing about the office in LA that they mention in the May PR and the May PR still didn't mention Reno, just the LA and VA offices. There is some deliberate misleading going on. Wondering if the LA office even exist, I think if it did, they would have to list it on the July quarterly, unless it is operating out of someone's house.
I'm sure they do but the annual states the following:
"ITEM 7. NATURE AND EXTENT OF ISSUER’S FACILITIES The Company's principal operations are located at 50 West Liberty Street, Suite 880, Reno, NV 89501. The Company feels this space adequately meets the needs of the Company and it is not anticipated that expanded facilities will be needed in the near future. The Company does not have any property or interests that tantamount to property ownership. The Company does not have any plants or other property nor does it lease any assets, properties or facilities other than discussed above."
Midas maybe you can ease one of the concerns I have, as I am not knowledgeable on a lot the SEC rules such. Is it common practice for annual and quarterly reports to state a company operates only at one location, and for PRs and the company's website to show they are operating in 2 other locations? Again I am very new to what they have to disclose and what can be said in what ways and done as "loopholes".
A may PR claims CCLX opened an office in LA and still had their headquarters in VA. Both the LA and VA offices are on the website, but the reports show they are only operating in Reno, NV.
Again this may be something common, but wondering if it is a red flag.
What's moving it? Do people think it finally bottomed out? There was nothing good in the reports and no news out yet. Is someone out there promoting the stock? Glad to see the rise and volume spike but worried it'll be short lived.
I think, like me, some people are trying to lower there holding on this one at a half way decent price. I reduce my count at 0.015 over the last few days. Didn't like what I saw in the filing or the Yield Sign on OTCmarkets. Hopefully I'm wrong but I decided to make the safe play.
Something or someone is propping it up, trying to keep it near the 0.015 range. Hopefully good news comes soon.
Since the reports were finally filed, I'd bet that as soon as the YIELD sign is gone, they'll release some news. Hopefully it will be enough to get us back in the 2's
It's going to take some huge, concrete news to bring this back up. Even then I think lots of long time holders will be wanting to exit so that may not even bring any real gains.
http://www.otcmarkets.com/financialReportViewer?symbol=CCLX&id=179922
Not making me feel really good right now.
I'm sure the Yield Sign on OTC markets isn't helping us any. Man these guys need to get it together! They are making it difficult to justify increasing my position.
Hopefully we can start the rebound this week. Might pick up more shares near the end of the week if the price drops anymore. Good Luck Everyone!
If they start selling, I'll be ready to buy when they drop the price like a rock, then I'll enjoy the ride back up when they're gone!
Correct, just seems odd they removed all but 1 mention of it on the site, especially after the press release put so much weight on LOCAL.
The website no longer mentions anything about Cache Servers or the VPCN, and has barely anything on providing local content. It now seems to focus on a user friendly, easy to navigate app. This is leading to think they are working towards a buyout. And that would great news, assuming the price was right.
over 200K vol moved in the last 15 minutes or so today.
https://finance.yahoo.com/news/56-6-million-u-consumers-152539060.html
It's a large market!!!!
With the new AppleTV 4K, CableClix will be able to deliver HD to viewers on the highest scale!!!!
A little piggyback could be really good!!!
https://www.theverge.com/2017/9/11/16287188/apple-tv-4k-specs-leak-ios-11-gm-steve-troughton-smith
Apple TV 4k - a perfect companion for Cableclix! Apple is talking alot about 4K in it's release today. Good news for CCLX in my opinion!
I think the guy on Yahoo likely picked up some share cheap in the last week or so and is trying to pump it a little. It's been a month since any news so some something should be coming out soon, but I doubt he knows anything.
1 month with absolutely no news. We may have to do like before and start putting the pressure on management for some updates. I'll try and get an email out to them today.
We got up to 90K pretty quick today, compared to the rest of the week, then just died.
Closing in on a month with no news during Alpha testing. Do you think they realize they are killing the stock right now?
One of our guys on here commented a week ago about testing and said he was impressed with the quality. I'm pretty sure they all had to fill out nondisclosure's and can't say much. I know only people who had apple tv are getting to test at the moment. I check this board and the stock about every hour or so, but am tapped out on what I can add to my investment for a while. Hopefully we get some great news soon that will bring us some new money.
Morning everyone. Looking forward to this month. Hopefully we can get some news on the testing and get back into the 3s and beyond. Good Luck Everyone!
I think if they are smart, they get a great app setup, prove it works and sell.
Remember when Bayliss said management was only worried about pushing PR's. Guess that guy was wrong! Been 3 weeks. We need some News guys!
right now the spread is 0.0009 and still no action.
Get ready to load up! I think we'll be able to buy at and below 0.014 today with ease.
They are pushing it down. Ask is 0.0165 x 421000. wonder whats going on.
???? 0.01712 x 100 ?????
Looks like it'll be MMs and flippers until we get some news. Good Luck everyone. The wait will be worth it!
Agreed, we need to be in the best position possible when the big news hits.
I just slapped it into the 2s!
I hit it this morning when it wasn't moving much at all.
Well we found some green and the spread has closed from what it was before lunch.