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$CRWD Another beautiful green day!
People don't do their homework and blindly trust stinky pinkies. I guess most resign to learning the hard way. Look at previous mergers and acquisitions (M&As). They were with useless and mostly defunct companies, and paid for with shares. The trend is that after the hype of the 'new' M&A gets stale, it's on the next worthless M&A. Stinky pinky CEOs bank on newbies NOT being able to read thru their 8K smoke and put 2 and 2 together. #Trash
New video out going over the recent events in the $SRNEQ bankruptcy case. I want to personally thank @KimberlyCoyne2 for catching me just in the nick of time before I put this out as the US Trustee has entered the chat.https://t.co/BqAmHpFTVc
— A Noisy Corax (@sunnycorax) February 18, 2024
Can't make this up. 72% loss on day 1 of the RS!!!🥱
$FOMCD FOMO Worldwide Inc (PK)
USOTC
0.0031 -0.0081 (-72.3214%)
What are these clowns doing! Self-inflicting wounds.
Justice Department Says Sorrento Therapeutics Lawyers Falsified Texas Bankruptcy Filing
A U.S. trustee says the biopharmaceutical company falsely claimed its principal place of business was a mailbox location in a Houston suburb
By Alexander Gladstone
Feb. 20, 2024 3:07 pm ET
https://www.wsj.com/articles/justice-department-says-sorrento-therapeutics-lawyers-falsified-texas-bankruptcy-filing-a27c14e1
Sorrento faked venue in bankruptcy filing, Justice Department says
Feb. 21, 2024 12:34 PM ET
https://seekingalpha.com/news/4069747-sorrento-faked-venue-bankruptcy-filing-justice-department
Duplicate post
Ok, the stock options expire (6/30/2027), but the ratios are laid out plainly on the Form 4s and 10Ks. Just because you hop on IH to dispute posts doesn't mean you're telling the truth. Peoople have learned their lesson listening to you. Below is from the last Form 4s filed and I could go all the way back to 2019. How is what you say true and this is on all your 4s? The 'Newbies' may believe what you say, but I have lost enough of my hard-earned money on your failed ventures!
20Feb24
https://www.otcmarkets.com/filing/html?id=17286348&guid=TBd-kFHqHQxjJth
https://www.otcmarkets.com/filing/html?id=17286340&guid=TBd-kFHqHQxjJth
I'll give you the quick version. They have been threatening an RS for years now and they keep canceling it.
Vik owns common and Series A, B and C shares which are all derivative securities with NO expiration date. Additionally, he has a 200M derivative stock option at a $.0005 exercise price that was awarded to him in 2020 and DOES NOT EXPIRE. It's all laid out in the Form 4 and if you know how to read the form, you will see that the Series B stocks that he keeps buying have a conversion rate of 1000 commons shares to 1 series B share and the Series A convert to 50 common. Here's the kicker: they all cost the same price as common shares to buy!!!
Once he converts all of his preferred stock, which I expect him to do before they execute the RS (whenever that maybe), he will own hundreds of millions of common stock which he essentially go for free and will stratigically off-load at or around $.01 each after paying nothing for them. Case in point, he bought 195K Series B shares from August to October of last year. That converts to 195M common shares when he decides to convert. That's some serious dilution and a hefty profit margin.
Vik is and has always played the long game and he needs new investors.
Ashame when people don't learn from others' mistakes!
💩All the same language from before when all the WORTHLESS mergers and acquisitions (M&As) were being executed!!! Don't let the smooth taste fool you. This stock is useless and worthless. Just the annual recycle of BS to rob new investors.💩
— Doublem347 🇧🇧🇺🇸 (@brokentrident73) February 21, 2024
At the risk of sounding condesending, you sound like you are optimistic something will happen here. It this is the case, take it from someone who has played plenty of these stinky pinkies in the past, if you have shares and can find a way to divest, do it at the first available opportunity. I've been following this stock for years and it's the same language that's always used when these loser CEOs reset from their last crime spree. Vik has been doing this a very long time and this scam of a company moves from one venture to the next after fleecing investors. Hopefully you take this as a warning and not someone just bashing.
As of 02/19/2024:
Authorized Shares: 20,000,000,000
Outstanding Shares: 10,739,690,919
Cancelling RS?
And so it begins. DM's scumbag toxic lending buddies have arrived for their 2024 feeding!!!
https://www.otcmarkets.com/filing/html?id=17290134&guid=-0d-kF9S0Yi7B3h
Just go on twitter and read all the postings over the past week.
Don't forget about his scumbag toxic lending budies (Esousa Holdings and Acuitas Capital) that one could probably make a pretty good argument that he hooked up, AND all the FREE shares he gave himself as 'Performance Bonuses' to then turn around and sell! He's setting up for the '2024 GET RICH QUICK' ride.
SCAM! SCAM! SCAM!
This thing started out as ETFM during the EV boom, then they changed their name to FOMO and their game to indoor air quality, and then rod the COVID scam wave with their disinfecting crap, signing a bunch of useless M&As. Then they moved on to Ed-Tech nonsense with selling smartboards. Now, Vik is pumping new crap about clean fuel (gasoline and diesel) tech! When will people learn!!! This guy is a crook!!!
FAILURE AFTER FAILURE AFTER FAILURE AFTER FAILURE
SCAM! SCAM! SCAM! SCAM!
$FOMC How about bringing in some real revenue instead of touting more useless M&A's! That's all SHs ever hear. What happened to ILED, SGS, EIC and IAQ with their disinfecting robots. Get a real job Vik!
— Doublem347 🇧🇧🇺🇸 (@brokentrident73) March 25, 2023
$AMD Can we get an SMCI run here?!!!
This post aged EXTREMELY WELL!!!
May be difficult, but better believe he'll be going all in with his favorite toxic lending buddies to milk this cow in '24 before they meet the same fate as Arrival. Bollinger needs to find a way to get clear of these scumbags before $MULN drags it down with them. Lucid's high end luxury line is struggling and has been for years, and DM thinks the RS is going to do any better. I wonder what happened to all those pilot programs they ran the last 2 years that we never got a final report on, or resulted in actual bulk sales. What a joke!!!
$MULN 2-year cycle has reset. Time for DM and his BoD to disappoint and anger a new set of 'would be investors.'
Not sure I understand what you're trying to say. Actually, I am sure I don't. BTW, I thought he paid $44B.
Tesla electric vehicle rival files bankruptcy, begins liquidation
https://www.msn.com/en-us/money/companies/tesla-electric-vehicle-rival-files-bankruptcy-begins-liquidation/ar-BB1i71M5?ocid=hpmsn&cvid=1aa1320952d84478ae0bfcc3c095a39c&ei=28
$MULN
Shame the same thing hasn't been done to this scumbag CEO.
https://www.msn.com/en-us/money/companies/elon-musk-s-56-billion-tesla-compensation-voided-by-judge-shares-slide/ar-BB1hvnFc?ocid=hpmsn&cvid=9962680f679f4cecb287c1060d3ec206&ei=55
That's the playbook used on M*LN over and over again with the help of the dirtbag CEO. The difference here is Lucid doesn't have a ton of toxic lenders on the books. The Saudi PIF is the majority owner and will protect their investment at all costs. They just opened a plant late last year in SA that'll pump out 5,000 p/yr now and over 150K in a couple of years when it's fully up and running. They won't have to burn thru all that cash in the US to build cars so they can sit on a lot. They can just send the kits to SA for assembly and sale there. I spent quite a few years in the region and saw the influence of the Saudi playboys. They love luxury toys. Car sales will skyrocket there and the surrounding countries (Bahrain, Qatar, UAE, Abu Dhabi, Kuwait, Oman, Fujarah, etc.). It makes sense to do an RS sooner rather then later with catalists on the horizon.
Outstanding Shares 2,289,429,227 as of 11/01/2023. RS request already being drafted. Just a matter of what date they decide to put it out for vote.
Must be a pretty slow moving boat. These guys are (physically) sitting in China. I check on it every once in a while, but I think I have lost all faith in this thing. But you know what they say, you don't lose until you sell. We'll see.
3 years later and $SKWG is STILL dead in the water!!!
Wow! Very interesting read. Love how Forbes dumbed it down for the average Joe. Thanks!
If you are serious about holding on to the 'potential prospects' of FOMO, I highly recommend you scroll through this newsletter from Forbes. There seems to be several parallels we should all recognize (if we've been here for a while). I lost quite a bit of change in this company and still have over a million left at over $.01. average. The name and ticker change is what initially raised my eyebrows.
https://www.forbes.com/sites/brandonkochkodin/2023/12/27/attack-of-the-naked-short-sellers-mythical-beasts-of-the-night-or-how-meme-stock-investors-went-cult-y/?sh=60074f523b10
$FOMC
I wonder how all those that got in after the last RS acting like they hit the lottery are feeling now. They were warned multiple times and they chose to spit on the warnings like most of us did earlier this year and last year. Welcome to the bagholders' guild! Enjoy the early Christmas present from this scumbag CEO!!!
Read your comment and thought I would drop my 2 cents.
I was in and out of Lucid back when it ran up and down to $40. You're right about the product being exceptional. Their initial roll-out was a beautilful thing. They did it right!!! I got out at a loss because my main concern was the price of the vehicles and supply chain issues during the pandemic forcing them to reassess their production goals, and customers got frustrated over their failure to deliver. It was still relatively early in the EV market evolution and they found themselves tailored to a specific demographic. We all kept saying the same thing - they have to make a cheapter model to attract a more diverse group of customers. I'm no genius but I still believe they should've started out with a cheaper 'base model' to rival Tesla before phasing in the Air and follow-on models. GLTY.
Scumbag still didn't answer the question!!! This guy is a complete piece of work!
We believe that our projects in India and Morocco will showcase our ability to pyrolyze waste plastic (using pyrolysis), which will generate three byproducts: (i) low sulfur fuel, (ii) clean hydrogen, AquaHtm, and (iii) char. We intend to sell the majority of the byproducts, while retaining a small amount of the low sulfur fuels and/or hydrogen to power our facilities and equipment. To date, our operations in India have not generated any revenue. However, since commencing operations at our Morocco facility in April 2023, Clean-Seas Morocco has generated $161,297 in revenue, with a gross margin of $127,435 from the provision of pyrolysis services and its sale of byproducts.
RS w/ subsequent share buyback!
Pretty sure I didn't direct my question to you, but thanks for completely misreading the context of it!
How does a company do dilution? Asking for a friend.
You're absolutely right! I know a lesser known renewable energy growth company who's SP is less than $.03 whose CEO is always on shows like Bloomberg Markets.
SMH! It's mid-July and this thing is still going in the wrong direction!!! Can we get back to $.06?!
CEO sold 59465 shares. Hmmmmm! This guy is a multi-billionaire. Why is he selling shares worth over $8M?