is...retired
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You do not know what you are talking about. You talk as if the OTC market has PEOPLE executing our trades. There are no people. Apparently, you do not understand what an automated market even means. It means COMPUTERS execute all of our trades. There are no HUMAN EYES on these trades.
So, as I inferred earlier, you are full of shit.
If you took the time to understand how the system works, you would not be jumping up and down screaming that MM's are trading against us. They are not. There is NO naked shorting going on in this market. EVERY SINGLE TRANSACTION IS RECORDED, FOREVER. Even a high school dropout could understand that the audit trail would expose any illegal activity. And even more importantly, the miniscule amount of money that could be made shorting penny stocks would not even buy a nice steak dinner, not the mention the millions of dollars in fines that the SEC could impose.
Apparently, that is one level above your intelligence. And now, of course, I put you on ignore, because I KNOW not to listen to anything you have to say. You don't even understand how the system works.
Go to OTCMarkets.com and look up trading 101.
No, Mm's don't short penny stocks to make money. You MUST learn how the system works. MM's are NOT IN COMPETION with traders. That is why the system is set up as an automated system. MM's fulfill orders. The ONLY time they buy for themselves is when the market becomes illliquid - meaning no one else is buying or selling. That is called 'making a market', which is why they are called that.
When you make comments as if MM's were PEOPLE, you are simply showing your ignorance. There are no people involved. Period.
I also stated that a 2% net margin was more likely. People seem to forget that the cost of business must be taken out of the gross margin to get the net. That includes paying for the goods in the first place.
Because some idiots simply sell at market when news comes out. They take their profit and move on. People can trade any way they wish. Whatever works for them. Or not.
All one has to do is log into OTCMarkets for SPZI, and read the News. The shareholder letter was POSTED there for anyone to go read.
The SEC can't do anything about people talking on a public stock board. A gossip board, as it were. You don't have to read those messages, and you don't have to take action based on them. That is on YOU, not the SEC.
Trading action should be based on what a company HAS DONE, or IS DOING, not on what it SAYS IT IS GOING TO DO, and CERTAINLY not on the gossip of some idiot who probably has an agenda of his/her own.
There is an ignore feature. Use it. I have more people ignored than not ignored, since I want to read what reasonable people have to say, not idiot blather.
I've been using etrade for penny stocks for over 15 years...no problems.
You are asking me why bashers bash. Uh, it is not to save us. It is because people respond to their rubbish. They GOAD people into 'DEFENDING' the company, and in the process, they are paid.
The OTC is an automated marketplace. Every single trade made in the OTC is forever logged by computers as to who bought, who sold, what mm(s) were involved, and the times and prices paid for each and every tranch. Auditing penny stock trades is simple, and there is absolutely no way to get around it. Mm's can't short stocks unless there is a supply of that stock available. If they don't close a short by day's end, it has to be reported to the SEC twice per month. That is the 'real' short report. And MM's don't make their profit by the share prices involved. The share price is immaterial. Their profit comes from their spread.
I realize that naked shorting is tossed out like it is a real thing, and everyone that says it says they can prove it. Not one has ever proved it. If you have proof, trot it out. I won't hold my breath.
No, the share buyback has not happened, and we have no way of knowing if one is planned. It simply makes the most sense.
In case you don't understand share buybacks, (which you obviously do not), a company can't just start buying back its own shares. ILLEGAL.
It takes an SEC filing stating how many shares will be bought back, and what price, and over what amount of time. It is considered a 'material event', which REQUIRES an 8K filing.
Please explain the logic in shorting a rising stock...Not that you can short it anyway. You can't. No brokerage will permit you to short penny stocks, and the stocks they will permit you to short require a margin deposit of around $2.50 per shorted share. Lets see, to short 100K shares, which is far too small to make any profit, it would cost you a quarter million dollars in margin. That is dead money until your buy closes. And, let's see, shorting is you betting the stock is going to drop a certain percentage, and you're betting that a rising stock, with a rosy-looking future is actually going to drop. Bye-bye margin.
Enough of the shorting penny stocks already. You simply can't do it. The reason you can't is because your brokerage won't permit it. And the REASON they won't permit it is that it is a waste of their time because they can't make any money at it.
Of course. 45 days after the end of a quarter, 90 days after the end of the fiscal year.
Why on earth do you continually worry about the SS? You HAVE to be talking with the TA to know that, and that kind of pestering is exactly why some companies gag the TA. They have work to do, other than shareholders pestering them every day to see if anything changed. READ THE FING FILINGS like the rest of us do!!!! SMH!!
You won't shut any basher down with logic OR by replying to them. That's what they are AFTER. You don't really thing they are trying to HELP shareholders, do you? They are helping themselves, and YOU are helping.
Of course there is a reason. But no one knows what that reason is. It is simplistic to jump to conclusions about dilution...something JP would think would be a bad thing to do since he STATED that he doesn't want to do things that harm shareholders.
Good ;grief, no shares are 'coming'. It is the AS not the OS, and they can't just sell them. It would take a filing to sell them, OR a note converting to shares, but there are no notes.
Actually, the AS is slightly increased. But there is no RS mentioned. Just the rules for when one could be enacted.
There is no 'dilution' to kick in. The OS=AS. There IS no more stock to sell.
Almost all of the common stock is owned by us shareholders. JP has none, and STATED that he would not own any.
He has stated that he owns no stock. Besides, we own almost all of it. He will probably get a controlling interest in preferred shares, as usual in reverse mergers. Those are not convertible.
Sterling, I don't agree about the OS. It is 5.5 BILLION shares. In order to uplist, sp has to get to and remain at $0.01. While that may not look that significant, it would mean a market cap of $55M. Current market cap is about $10M. That would mean a 5X increase in market cap, which would, simply put, be incredible for any stock.
I know there are dreams about the sugar contract, but the reality is that the money to fulfill the contract has to be borrowed, then paid back with interest. The idea of a 20% profit is just another dream. If it was that profitable, everyone would be all over sugar. A more reasonable thought, after all expenses are covered, and loans paid back is probably not over 1%. That would produce a net of around $3M, which would then be usable to improve the SS.
There are only two ways to reduce an OS - reverse split and share buyback. RS seems to be out of the question (but I have heard that before.) That leaves share buyback. In a share buyback, a filing is necessary to provide the SEC with the number of shares intended to be bought back, the time frame over which it is valid, and the share price that is offered. The share price that is offered is important, because as shares are bought back, the share price will increase, and it can easily increase right past the buyback offering price. That would stop it dead - you won't sell your shares for less than market, and neither will I. So, there is a balancing act - the company wants to buy shares but doesn't want to 'give away' money by offering too much above market. And as they get bought up, equity will occur and that will stop the buyback. When that happens, they have to cancel the remaining buyback and initiate a new one at a higher price. They probably couldn't get more than about 250M shares bought back before that equity happens. So, it could take a long time to significantly reduce that OS.
It is a very slippery slope. That's why you don't see many of them. The standard RS is what is done most often, which, at 1 for 5, would bring the price up to the $.01 range. Not that I'm recommending that, I'm not. I've been through several of them, and now avoid them totally. A company I previously held did a reverse split of, I think, 1 for 4. 6 months later, it was back to the pre-split price. A 75% guaranteed loss to all shareholders. I had sold half my shares and kept half through the split. Big mistake.
So, a 5.5B OS is a huge drag on the company's ability to grow to any significance. So, for now, we all get to sit and watch. We can speculate wildly, but magic is not going to happen. It should be a slow climb.
Finally had to ignore you. 40 days with the exact same post is a joke. WTF, can't you figure out something else to post?
You don't 'cancel' convertible debt. You PAY the debt with cash instead of shares.
For one thing, the share price would have to be $0.01 or more for at least 30 days. But the primary reason to uplist is to secure SEC compliance, making it easier to borrow money, or to borrow with better terms. It has to do with credibility of the company.
"Market Segmentation: OTCQX and OTCQB serve different market segments. OTCQX caters to well-established companies with a track record of financial performance and governance practices. OTCQB is more suitable for early-stage and development-stage companies that may not yet meet the stringent requirements of OTCQX."
And after OTCQX would come Nasdaq or NYSE, maybe.
The market cap (market capitalization) is the number of shares out x the share price. That's it. If shares are bought back, the share price may or may not change. There would be less dilution, yes, but that has nothing to do with market cap. It is probably the simplest equation in the stock market. OS X SP = Market cap. So in principle, the market cap would DROP with a buy back, although we all know that the share price would increase, but that is due to demand increasing.
The term I heard was 'jobber'.
"Jobber, in merchandising, can be synonymous with "wholesaler", "distributor", or "intermediary". A business which buys goods and bulk products from importers, other wholesalers, or manufacturers, and then sells to retailers, was historically called a jobbing house (or jobbing center). A jobber is a merchant—e.g., (i) a wholesaler or (ii) reseller or (iii) independent distributor operating on consignment—who takes goods in quantity from manufacturers or importers and sells or resells or distributes them to retail chains and syndicates, particularly supermarkets, department stores, drug chains, and the like. "
You can't hurt a company by talking about it, good or bad. The badmouthing is done by those with a different agenda. They are not shareholders, and won't BECOME shareholders. Responding to them simply gives them what they want - responses. Ever notice how they never back anything up? Of course not, they aren't debating with us, they are making money doing it.
You can drop that now. We've seen it every day for months. Most of us know you can't tell where a penny stock is going by looking at where it has been. What goes up goes back down. What goes down comes back up. Your job is to buy low and sell high. Charts can't help you spot those, because any trend will naturally end, in the most volatile stocks there are.
A straight line, under which you would buy, and above which you would sell would work better. I own stocks with both buy and sell orders, good for 60 days, that do just that. I simply set my limits as needed for a minimum of 50% gain and wait. And when it happens, I simply repeat it.
I agree that offshore accounts can do perform shorting, but they can't use American exchanges to do it. If it was that simple, the stock market would collapse. I have no idea what your 'algorithms' comment is about, all trading is by computer now.
I will believe it when it is proven, and not before.
The market cap is the number of shares times the share price. The share price is what people are willing to pay for it. Demand drives share price, and if the demand isn't there, the market cap won't increase. It is really as simple as that. Just because a company has money in their bank account is no guarantee that the share price will increase.
People don't seem to understand that you can't short penny stocks. MM's can, but only to facilitate trades, and those are supposed to be closed out the same business day, or if not, any remaining shorts must be reported to the SEC twice a month.
Trust me, no one is shorting SPZI, and if you don't believe me, just try to short 100 shares and see what your brokerage says. The first thing they will say is that they will not short penny stocks.
But if they WOULD, you would have to put up a margin of about $2.50 per share. So, you have to give up $2500 cash to the brokerage, AND buy those shares at the lower price that you're going for, and then you'd have to hope the price drops. So let's see, you're hoping for a 10% drop. From $0.002 down to $0.0018. If it happens, you will make .0002 X 100, or 2 cents. But if it doesn't drop, your $2500 is in jeopardy, and they will use it to force you to pay the higher price. Obviously brokerages don't see that as a value situation for them, so they simply don't permit it on penny stocks, which are those below $5.00 per share.
I challenge ANYONE to short any penny stock and PROVE it. No one has met that challenge in the last 15 years. So, while people constantly gab about shorts, in reality, those of us that understand the system know they are blowing smoke.
I agree, once all expenses and loans are paid.
The money for buying the goods is coming from a loan. The cost of shipping is coming from the loan. Once all costs are paid back, with interest, what is left is revenue. Some of that is profit. We have no idea yet how much that will be, but it certainly won't be that much. With a 5.5B OS, what would you think would be done with any profit? The COB (Cost of doing Business) takes some of the profit. Filings cost money, website designers cost money, PR's cost money, and probably a store rental. Not to mention travel and lodging.
So, loans are paid back with interest, and expenses exist. Revenue doesn't all float to the bottom line. What is left over AFTER all expenses is profit. Hopefully, JP will give us some idea of the expenses involved, as he said he would.
JP said he would disclose the contracts and revenue. In my experience, it will not happen with a huge OS. If he's as smart as I think he is, he will execute contracts and buy back shares to reduce the OS. Nothing else makes business sense. You simply can't jump a 6B OS into cents with a few shipments of commodities. I doubt that their profit is above a couple percent. That is still big money.
This is the day I upped my stake in SPZI to 31M shares. Sold some equivalent priced shares that I had 100M of that were not really going anywhere. Just traded, basically. I have more than that of nates, too...And others, of course.
I do expect JP to bring this off, and uplist it, which means a reduction in OS, and becoming fully SEC compliant. The reduction should be by share buyback. He's already said an RS is not on the table, so that's the only other way to reduce the OS, and raise the SP. You can't get to $0.01 with an OS of 5.5B - that would make it a $55M company market cap, which is not going to happen with sugar and chicken paws, overnight. They HAVE to buy shares back.
For those that understand the lingo, here the requirements for uplisting:
OTC Listing Requirements
OTCQB is the only one that would be applicable at this time, and that requires a share price of $0.01 for 30 days minimum.
Lets see... 31M X 0.01 = $310K.= A good start.
You have no idea what you are talking about. MM's can't dilute anything, period. The ONLY way dilution happens is when the OS grows. That happens when the company makes a placement or pays a loan with shares. It is the COMPANY that dilutes. The MM's just process the buys and sells. Note that when a loan is paid with shares, those shares are dumped as quickly as possible BY THE LENDER, so they can get as much cash as possible before the price tanks.
So, ultimately, it is the COMPANY that does ALL of the dilution.
Why would you be asking me? Do your own digging.
Insiders can't buy or sell company stock unless it is within 30 days of last fins. Anything else would be insider trading. As a previous director in a public company, I was permitted to trade only after the fins were released. It has to be that way - insiders would be able to buy or sell on insider information before it was released to the public. That is illegal.
WTF are you talking about? MM's don't 'look for' cheap shares. They set their spread and that's it. If they need shares the bid is set low.
Good God, MM's are not traders against us. You talk like they are competitors. They are not. That would be illegal. Look up the rules at the SEC sometime, as I have done. I learned this shit so I could sort out the accusations like yours from reality.
(Oh, by the way, the news is out and the price is still dropping...) You think MM's did that? You are disillusioned.