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What does that even mean?
Again it started at a $67k according to the information so I’d say the company that’s got revenues last quarter of $1.3 million MIGHT just have or will BUY OUT that note.
Would have still shown the conversions in last quarter even if the note was paid already in the last couple month. I’d say some is obviously converting but we have no idea if the remaining balance is outstanding on the note or paid off with some of the revenues. We shall see.
Slowly is the key word, doesn’t appear that the converter wants to harm the shareholder and quite honestly seems likely the company could potentially clear that note off the books and eliminate future conversions from it as well.
Thanks for the information.
Can you tell me why if it’s dilution doing all the selling into the bid why they were willing to go to .04 yesterday but today they won’t fill the 40k or so at .0514? I mean one would think that most dilutive shares are gained at 40% of lowest trading price in a set amount of days so these “dilutive” shares would be worth 200% their cost selling into those 514’s on the bid - several hours now with no movement. Maybe it’s not all dilution, maybe none, maybe it’s shares bought at the bottom .03’s a month back and now taking some money off the table? Maybe it’s day traders thus the shrinking and slowing of volume while we wait for the trigger of pink current? Just offering an UNBIASED option for this albeit a non-professional one that lacks the years of market experience some here have.
So I bought back in and kept buying and bidding. I’m concerned sure, but who knows maybe I’ll wait another year or maybe not. It’s the OTC.
I sat here for months and it started to move and I got out 100% with a small profit. I kept it on my watch list and literally within days of FINALLY exiting I started to bid for shares based on them putting out tons of filings to get current and then the news about the 100%+ in production growth from their grow stuff, then I saw last quarters numbers filed and saw $300k from a year prior in revenues go to $1.3 million last quarter. Now a quarterly is coming out in about 14 day assuming it’s on time and who wouldn’t think that would happen when they have done all these back filings so quick and the re submissions and attorney letter to meet otcmarket requirements. $TOMI will be Pink Current by next week if not sooner. Quarterly could easily show revenues in excess of the last Quarters $1.3 million AND so much more could occur including an upgrading of their tier to QB or QX and even a share reduction to the AS.
But add to ALL THAT the fact that they are working insanely hard to change the name and symbol here with FINRA and the current status of all their filings should help that happen really soon.
So someone decided to buy 1’s again, give it a month or two and they too will sell them right back to 1’s if they are lucky enough to walk away from their mistake at just a loss of the trade fee.
Some people seem to ONLY go by the chart signals and those don’t need news or share structure info etc I can understand that piece, I hope to hear input as long as it’s not biased is all.
I just found those here https://www.otcmarkets.com/stock/TOMI/security I believe they were also in the last quarterly as well but those say TA Verified and more recently than last quarterly. Not sure about the difference between the float which was last reported as updated 18 months ago and the “held at DTC” number that is listed on there as updated as of a few days ago.
Maybe you can add some knowledge here on that piece.
I agree BUT
33,835,600 are in OS (7 days ago)
21,333,437 are Unrestricted (7 days ago)
10,439,141 in Float as of 3/31/2019
My bet is that over the last 18 months since the float was updated much of that could’ve been slowly converted already but it’s still a very small OS and over 12 million is restricted. Almost always dilution in these plays but how much and how hard they hit the dump button is an unknown and with all the potential here I’d find it hard to think their note holders would dump so quickly.
No that they are moments away from Pink Current I’d like to see them announce an AS reduction down to more reasonable levels. That I think would make a massive difference here going forward so if anyone is in contact with the management maybe make that suggestion?
Could be the last day to get inexpensive shares here, or it could run out of the gate, or I suppose taking the pessimistic approach that it could continue to get walked down to the support levels before it is released to move back up by MM PAUL.
Good to see it, how long until Pink Current?
Sure hoping so, could be a nice runner if it all comes together in a timely manner.
Every filing is filed now as well as the attorney letter, nothing has been resubmitted this time in the past 48 hours or so which was occurring near instantly or within 24 hours of the prior one filed so that’s a good sign they have adhered to the otcmarkets requirements. Maybe your right maybe it’s a market manipulation via traders or market makers playing as long as they can until they can’t and this is current. This is where I suck at the otc part.
Hmm I appreciate that. I didn’t go anywhere last time until I was green, no doubt I’m low enough on average to wait it out here a bit longer to see just frustrated with how this is trading down with all that I personally perceive is about to occur
Lesson learned, I’m giving you a follow here as this now seems like maybe it’s only going current to allow converters to convert notes and those note holders are simply borrowing now and converting ahead of the game knowing their shares will be available soon. Sucks but is what it is, so much potential but all in my head again /sad /uggh
Well that’s one heck of wall of 180k after that dump at .0535 for about 20k so someone is dumping over 200k at .0535 - giving up hope or knows something and isn’t too confident of it being worth more anytime soon. UGGG
There is the fact they have brought all their filings current over the past few weeks and have just filed an attorney letter to that piece so the “stop” sign on otcmarkets should be coming down and replaced with a yield then a pink current. Beyond that there’s that $1 million increase last quarter in revenues from $300k the previous same quarter to $1.3 million last quarter, on top of that the next quarterly is due in about 15 days so potential news on the way.
How are you confident there is no dilution? 33 million Outstanding, and 21 million unrestricted (both of those numbers updated few days ago) and a float that was updated in March 2019 of about 10 million.
I’d say worst case float is still 10 million and there’s a difference of about 11 million between the float and unrestricted meaning i see potential for dilution occurring. Can you share why you feel otherwise?
Thinking this may be as far down as we see it drop, people have to be seeing what is coming here or am I a 2x’s fool with TOMI?
Trades very strange with this much positive occurring, we shall see what happens. Hoping I didn’t get suckered back into this after I was finally free, but all these filings have to be for a reason.
Not as closely watching as you are, I’m Leary here still so I welcome your confidence as it seems you’ve been here awhile.
Huh no filings from this BS company. I rarely COMPLETELY agree with the negativity of “bashers” on tickers but here I will say i have literally no choice but to agree with them. This management uses social media and VERY selective wording and placement to manipulate shareholders to buy when the words have nothing to do with what they seem to. Sickening. But all to normal to lie nowadays with zero consequences in the world we now live in
Anyone think this is going current pink today?
Thank you for the information. Wish you the best here and elsewhere, would be nice to see a new perspective.
What technical is this individual using? Not sure I’m totally understanding this so any info can help.
I changed mine, only need it answered once lol. Glad I was bidding for more today as I was able to pick up a few more under my average cost. This could be a bad thing or a really good thing but certainly a lot is being done very quickly here to become current and their revenue growth is great looking to me.
Could be sooner if they were already reviewing to put them current and this was a quick thing to fix
Must be because they resubmitted June 30 2020 again after the first attorney letter. They are quick to process this stuff though.
Looks like it’s stalled, I’d think it runs from here once it starts seeing movement again. Must be a TON of people on the fence waiting.
Looks like some are seeing the news start to form, filings up the wazoo followed by an attorney letter. This has a stop sign so that going to pink current is looking solid now anytime. Trades over .01 so they could easily tier upgrade to QB. Reduction in the AS is a possible bit that could come to light anytime. As is the name and symbol change. Add to all that they had $1.3 million in revenues last quarter up nearly $1 million from the previous same quarter in 2019. Oh and their next quarterly which could very well show further increase is due out in about 16 days.....
Oh and don’t forget they have that little grow tech thing that farmers spray on and has been being actively trialed and showing over 100% growth rates for a food source - just a little water and chemicals (not a chemist but I do eat)
For company that’s filed more financials (when including resubmissions) in the past 3 weeks that 95% of other OTC companies have in the past 5 years, there never really seems to be much chit chat here. Where are the “longs” at? Not like ya can order that iPhone 12 yet, the Quest 2 is delivered, the Xbox series x and ps5 are pre ordered and next round is back ordered until 2021.....covid resurgence in full affect. What’s left then Netflix (binged all that during the first surge) and chit chat on boards lol
Anyone know how long it normally is between attorney letter and stop sign to pink current?
Might be a bit still while this circulates especially with the apple event going on now.
Guess that buy at ask for me was a good one then.
It would be a good move on the companies part to show the desire to build current shareholder value as well as show they have limited need to sell shares or dilute the common.
This buying at the ask there for me was either very smart or very foolish, I’m really on the fence here but it’s coming down to this either becoming current or not - was stuck here for quite awhile, got out with a little profit, and was sucked back in somehow lol
I’d like to see them reduce that AS down to be completely honest here, that’s a pretty large amount of potential dilution. Realizing sometimes it’s necessary to have 2x the is available to acquire opportunities but that’s a substantial amount on the AS compared to the OS
IR/promoter needs to work harder maybe more than an IHub news release lol - going to trips here fellas.