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I prefer these slow, upward gains as opposed to the parabolic gains on some OTC stocks which are almost always followed by parabolic drops. The trading here is super healthy.
I understand your concern but if you wait until a formal PR announcing the completion of the merger/acquisition, you'll be chasing into the .30's and .40's, perhaps even higher. To each his own though. Everyone has different levels of risk tolerance. The good thing here is that every statement they've made about future events so far has proven to be truthful.
The merger is as good as done. Material terms have been agreed to (hence the lingo from Steve that it's 99.7% certain). In other words they've already baked the cake; now they're just putting on the icing and decorations.
Lol, it's called the KnightScope "G.T."
Also, look at KnightScope's CEO, William Santana Li. Regrettably, he has a terrible history with his previous startup in Indiana called Carbon Motors. $7M in state grants, 1500 promised jobs for locals in Connersville, almost $22M owed to private investors and then bankruptcy. Lawsuits by former execs for unpaid wages. It's a mess.
OMVS/RAD is the real deal.
From 0.03's to dollars, brother, we will get there (and perhaps sooner than we imagine). I do remember the 0.03's and the ride up and way back down again. Now we're smiling and there will be a lot more to smile about.
There's other good news . . .
The competition is - quite literally - drowning:
http://www.dailymail.co.uk/sciencetech/article-4741096/Suicidal-robot-died-fountain-didn-t-kill-itself.html
Have a great weekend, everyone :)
Big week (and next few weeks) coming up. GL all longs who've been patient.
Not at all what I'm saying. It has nothing to do with going to school in Canada per se.
Going to a good school, however, is one of many factors. So is hard work. So is personal ethics. IMO, his schooling is a good starting point.
Also, for all the concern about penny-stock principals being scam artists, Steve seems very legit. Added bonus is that he went to Western. In Canada, we don't have Ivy League (strictly in terms of academia) caliber schools like you guys in the US do; however, Western would be considered Ivy League if we had a comparable designation for Canada. IMO, it gives added legitimacy to the company.
Wow what a bounce!
IMO, this stock is for longs. Slow and steady, back up to $1+ we go.
I simply think people are using the terms interchangeably which is technically ok, although here RAD isn't acquiring share capital of OMVS but, rather, the other way around.
Once merger finalized and announced, watch out, we will blow past $0.30 on high volume. Until then, I guess you just watch the chart and try to buy as many cheapies as possible.
TY, I recall the August 10th date; the distinction in the PRs showing how far advanced the negotiations are is a good catch.
Ok - there it is, TY.
Nothing in the filings suggests the merger will conclude by that date, only that the definitive & binding agreement dealing with the merger will be signed by that date (i.e. closing date of the merger can and likely will be later than the agreement date). Can someone point out where they are getting an August 10th closing date? I think the CEO may have posted an expected closing date of August 10th or earlier, but I'm not sure.
By the way, this doesn't mean the merger may not take place. The merger will take place (if you've done your DD this is obvious), it's just a matter of what the formal date will be)...
Besides the deadline issue, which you've raised, Google is also a beautiful DD tool:
"Through February 1, 2017, the Federal Circuit decided 161 PTAB appeals from IPRs and CBMs. The Federal Circuit affirmed the PTAB on every issue in 125 (77.64%) of the cases, and reversed or vacated the PTAB on every issue in 13 (8.07%) of the cases. A mixed outcome on appeal, where at least one issue was affirmed and at least one issue was vacated or reversed, occurred in 14 (8.70%) of the cases."
"The statistics for 2016 were very similar, as we noted here before (the exact number was 77.4% rather than 77.64%, so the increase is marginal)."
I prefer Cheds - more accurate calls from what I've seen & experienced.
Yes, it appears the Defendants are, indeed, trying to drag it out. For example, notice that the Defendants are stating that consolidation of the matters into a single trial (which is being proposed by Chanbond) is not appropriate; they want separate trials which would obviously mean higher expenses for the Plaintiff. This is like being in the middle of Erin Brockovich and The Rainmaker. Settlement at any time is always possible.
Are we at a dollar yet? Someone pm me when we get there so I can sell half my shares. TY in advance...
Yep, that hasn't changed at all which is good. I'm waiting for more impatient hands to unload. No one has patience in the OTC markets which sometimes works well for ppl like me.
That is the update. The scheduling (involving matters leading up to the trial date) got changed up a bit, that's all.
Great post zeekhoe.
The merger is effectively concluded - all essential terms/matters have been dealt with.
I know there are a bunch of predictions being thrown around about the formal date for the merger and I think OMVS even set an "expected" date for it. Everyone, including myself, expects it to be done by August 10th or 11th or earlier; however, keep in mind that the formal language from the filings is "[a]s well, on May 11, 2017 the company announced that it has entered into a binding letter of intent with Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) to acquire 100% of RAD. According to the binding LOI, RAD and OMVS will enter into a definitive agreement within the next 90 days to consummate the acquisition." The way it can be read is that an agreement (the definitive agreement), which is much more detailed than the LOI, will be drafted and signed by the parties by August 11th. That definitive agreement may have a closing date for the merger which is a bit later than August 11th. Nevertheless, the LOI is binding. The definitive agreement is also binding and provides many details that the LOI did not provide. The formal merger will happen but there shouldn't be mass-panic if it doesn't formally conclude by August 11th. It most likely will, but not necessarily. Until then, buy all the shares you can.
There's a funny response where one poster sees a loss and asks for an explanation as to why this is good. Notice some other posters here too who can't seem to read between the lines of this shell company's 10Q.
Lack of knowledge = fear. Fear = loss of opportunity.
I have the documents through Pacer. It's completely immaterial. But buy the pacer documents and read them if you don't believe me.
$0.20 is the new $0.04.
:)))
Oh no, there might be some pullbacks in the future!! Who could have expected such a travesty?
The good thing is that longs know exactly where this is going and any & all pullbacks present more buying opportunities; it's really that simple. Anything under $0.20 is a huge bargain right now.
LOL! I'm missing all this great board action. Great stock and great entertainment!
OMVS!
Agreed.
In any case, I think anyone who understands this process knows that a deal can still be "informally" concluded in the sense that all the material terms are agreed upon leaving only a few inconsequential (perhaps administrative) hurdles to be cleared until the deal's formally consummated. I've been through enough of these to know that a picture like that is worth a thousand words. Both guys are obviously on the same page and the deal is informally concluded. Any last minute wrinkles will be ironed out by two guys who seem determined to cross the finish line together.
I also think that Parsons has done quite well to manage the dilutive notes, many of which existed prior to the start of the relationship with RAD (i.e. inherited by Parsons from his takeover of OMVS) and many of which he seems to have refinanced or renegotiated at a net gain to OMVS. I think this bodes well for what we can expect in the future in terms of any increase to the O/S. I'm hoping that the further along we get, as the legitimacy and technology of the newly-merged company becomes more appreciated, the less the need for dilutive financing. As long as we have a lower float than Nokia, I'm happy :)
And, yes, the formalized merger and symbol change will take this to new heights. There have been a strong group of longs here who know where this thing is going and who have been through some pretty wild fluctuations in the pps. I think it's safe to say that we are confidently holding for dollars notwithstanding any future fluctuations due to the company's growing pains. It's a serious OTC-company with a hard-working and visionary leadership and an unrivaled product. What more could you ask for? The only trick here is to invest early.
On the road all day and just checked in. What's the catalyst? Did merger conclude early?
Very simple. IPOs cost huge amounts of money to create. Most cost-effective strategy for a private company looking to trade publicly is to R/M into an already existing (yet inactive) publicly-traded company.
Potentially a big 4000-bagger for jbbb. Maybe he's holding for a 10,000-bagger....
Impossible to buy using more than 4 decimal places unless you yourself are a broker or MM.
Been here for some time (since just before the name change) and, yes, recently it's been trading sideways and this is essentially the bottom. If you've been here for a few months, you don't need a chart to come to that conclusion as it's been hovering around 0.005 for a while.
If there's more dilution and it drops into the 0.003s or 0.002s, does it matter? No. The float will still be minuscule for OTC and, if everything goes as (generally) planned in terms of the various acquisitions, this will move up very quickly.
Sure, there are zealous cheerleaders on this board just like on every board; however, zealous bashing isn't realistic either. Everyone understands the risk vs. reward here. This pps has been the bottom for some time. If it happens to dip further, no biggie. Even if you're at a 50% loss right now, you've surely seen how quickly this moves up if you've spent any time here. If you can't handle waiting, cut your losses and move onto the next play. It's that simple.
Not to worry my friend, elevators have more above-ground floors than below-ground floors ;)
Yeah, I mean you have to look at this guy's history to make any predictions about what he's trying to do here with TMPS.
Look at his creation of Tufton group and the companies they bought and restored to financial health (i.e. foot-products company Scholl, film distributor Guild Entertainment, etc.). Look at how he's turned HEAD around since coming in as CEO ... they're best known for their tennis gear (tennis racquets used by Andy Murray, Novak Djokovic, Maria Sharapova). HEAD also makes winter sports gear and it's used by Bode Miller, the most successful American male alpine ski racer of all time. While turning around HEAD, he was facing serious debt concerns which he successfully navigated the company through.
A billionaire isn't going to waste his time getting involved at this level in order to collect what amounts to 0.37% of his net worth. That's like a millionaire (net worth $1M) doing the same thing to recover a $3,700 debt obligation owing to him.
Let's get real here.
Third leg, thanks for alert on this. Will mail you some Dom :)
I think you guys have something like our TFSA in Canada. I think it's called a Roth IRA in the US. Can you trade OTC Market stocks with funds in your Roth IRA account?
Also, on a totally separate note, has anyone considered whether it would be more beneficial for UOIP/Chanbond to agree to a structured settlement so as to avoid onerous tax consequences? And, let's say they do agree to a structured settlement, would that really affect share price?
TY...its been very hard to get any dips. And based on the DD, doesn't seem like there'll be too many future opportunities.