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OK, I've posted it twice now and And said very clearly you could look the name up yourself if you just wanted to take a little time to actually read the Is quarterly. But given that might be too difficult For some, The name of the coffee distributor is Triple Traders out of Illinois. One of my recent posts even explains my conversation With the company's owner And his employees love of this coffee. I'm not even sure why anybody is making a big point of this given the revenue from that part of the Conglomerate is relatively small.
For those that think S FIO is being dumped And price falling at a much greater rate than Other OTC stocks, I don't see how that statement can be justified. Let's look at a couple random stocks, for comparison only, One that's been around for a while and been fairly popular in the past with investors, And another one with Little to no investor Following. SHMP, Has been for a while Losing net asset value And as of last quarter lost over 30 million dollars, Yet it's still trading at over a 100 million market cap... Way overvalued and the last year its pps has lost almost 75%.
Or look at a little known Stock like GDSI, Even with a small market cap, net losses putting it into the very Overvalued category. This stock is down 80% from last year.
The point being that these Stocks crashing are not the exception in the OTC And to claim that somehow S FIO Is worse than the average.... Is just an untrue statement.
For me personally, I don't understand why anybody would want to follow these other stocks or think they actually have a future( Maybe 1 or 2 of you here are following them ;) ), Yet some make claims that S FIO is a fake and that they have no Functioning operation.
Can't speak for anybody else, But if I have to choose between:
1) Losing, has been, companies like the 2 I just Described
OR
2) A company that's been in operation for 6 years, Has growing positive revenues of over 25M, Actual profit margin of over 25%, Expanding and diversifying, Trading at less than one year's revenue Which makes this so ridiculously undervalued it's almost criminal, etc, etc, etc.
Knowing that any otc stock has the ability to be a c*** shoot and anything could go wrong At any time for a variety of reasons.... I'd still rather bet investing in a company with these factual stats.... Than 99% of the OTC Which are functionally "junk" With net loss revenues, dilution that is often Over a 100% of their previous OS Or taking on toxic debt Like it was candy.
I also took a quick look At the Twitter home where any investor can ask a question for the upcoming webcast. I recognize all but a couple of the very few people posing questions, And they don't correspond with an alias here on ihub. For all the recent general complaints I've been hearing on various social media sites, I find it strange that There's not A lot more questions being asked. Here's the chance for investors To either put up or shut up.
If anything at all is bringing the stock down, is that it's a foreign entity And investors demand a higher level of proof Of their operations and financials. A decade of the "China Hustle(1 Great documentary, Look it up) Has left many Suspicious of any foreign stock let alone ones they "perceive" as being Asian. Unfair and frankly racist as that is, Caution is understood and I think most would agree that audited financials and a couple cafes in the US should should cut through a lot of that concern. But once again that takes patience that most involved an OTC don't have.
I found this video , Which I believe relates to a certain class of any OTC investor. I ask a general question of all investors, If you had an up-and-coming child sports star, Would you be supportive of this individual, if your school had a coach like this. Do you think this tactic would be conducive to Recruiting other Potentially good players to help make a winning team? Just asking Because I'm not sure what the end game is For detrimental postings.
Regarding any claims or implications that somehow insiders are dumping shares.... Many of us have repeatedly posted that as far as what we have been told from the quarterly, That only a relatively small number of shares are unrestricted and most of those have a limit on how many can be traded daily. If someone has proof that the shares being sold now, come from any of those insider sources.... Please, Post your provable evidence.
YES, Current market conditions are most likely the main reason for the sell off....and YES, Many if not most OTC pink shares are having similar issues, Many sell off at various times that make no rhyme nor reason. Very very few investors want to actually "invest" in OTC stocks and instead are looking to jump from one to another squeezing out a lucky pop here or there.
And Yes, Given the certain sentiment towards otc, Liquidity is becoming a problem which is why you're seeing a lot more dilution and more importantly a lot more toxic lending. So far SFIO Has not engaged in either of these to any significant percentage. Companies like SFIO might have to Grow more organically for a while. I think with audited financials, another good quarter And a cafe or 2 in the US... This company will find its investor base
Most here know that in general, On all Social media type outlets, there are investors, that have a more pessimistic view towards certain individual stocks. In most cases I have found, in my opinion only, there are a class that owns no shares in these companies. Whatever their intent, their expressed opinions are repetitive, Nor rarely bring anything of substance to the conversation.
Then there Is the class of investor that actually claims to have shares in the company, Are OBVIOUSLY frustrated by the price decline, And seem to find all sorts of issues under the sun About the company.
To that His last class, I simply asked, " What's the end game here? Do you feel that constantly raising concerns and issues( Some not even there) Are somehow going to make the company change course or do something different? Does that not just tend to erode new investor confidence? How is that helping keep up your investment value?"
There is another social media option where management actually does listen and actually respond.
UPDATE: There is actually a new post where they're asking 4 questions for their next video Podcast... Here's your Opportunity!!
Outside of that, there is an investor relation email that anyone can Send their questions and concerns that might actually be be noticed.
So yet AGAIN, worst OTC market Since early 2000s. One either has faith in the company structure and long term survival... Or they don't. Given that, one Pretty much have 2 choices. Sell and move on...or buy the dips. Anything else is an unproductive waste of time.IMHO
He did make some filing mistakes that cost time!!! But ultimately I do agree that NFT sentiment will likely change just like crypto has many time. Current downturn will effect merger co value.. but by how much.
As far as Goff, It's price is still going to come down To what level that companies value is. If It's anything in the billions, Then this Stock should have a big upside. If it's in the hundreds of millions, Current price would be "fair" to undervalued. If this merger company is only valued in the tens of millions OR LESS..... This price will collapse... And only the most faithful will stay in the other 2.
A lot of pressure there George, Hope he doesn't let everybody down.
Of course there will Likely be some blame put on those that overhyped This ticker should it turn out to be a dud.
You got that right!!! I understand why people get frustrated when they see there stock going down and especially when the markets in general are crashing. And yes, It is across-the-board. This is the chart for the OTC venture index, This is the most aggressive index there is for OTC and it's still is comprised of of QB and QX stocks and no pinkies. These are stocks that trade in the dollar plus range.
https://www.otcmarkets.com/index/.OTCQB.
Yep, ALL BAD!
Dumping?? I think this is a comforting excuse. More than one has posted that all but a few share, outside of retail, are restricted and the only one left can only do a 125 K A-day. The real answer is simple. Some that have had diamond hands in the past are starting to turn to paper... It happens, It's inevitable. I believe that A whale or 2 cut their losses when it started coming down from 7. SFIO not the only one there by far.
But here's the thing, when I, in general, see media sites deteriorate Into a lot of FUD, My 1st thought is that in general, Most investors have only been in this or other markets for a relatively short amount of time, Say under 10 years.
You tend to know which Investors Have been around for over 20 years and who are the newbies. You posted:
"you have to either have faith to make this play or expect to lose all of your investment at worst. If the people here cant do that than they should stick to their 401-K".
ABSOLUTELY!! I recently Posted my experience after going through the early 2000s dot com crash (over 20 years ago).
I remember all the investors that were upset And everybody wanted to Sue Everybody slightly involved in the stock market. I made a conscious Decision then that The only thing I could do was was look for what was left over in the rubble And invest what I had left in those stocks I thought truly had value and viable Business plans and we're actually Profitable or very close to it. Just 1 example, for 2 years(YES 2 YEARS) I followed eBay from high 12(adjusted) down to 3 Where I ended up loading the most by far. Ended up selling just before 3 years at around $24 with an average pps in the high 3s. THIS is when "faith" actually means something, lol
Now, I personally admit that I'm not past posting a concern or making a suggestion when I think a certain management is going in the wrong direction. BUT, For the most part, Personally, I don't continue to Demean the company for no purpose, After all, I want my suggestions To register with management(are better places to make voice heard), NOT, Beat the company so senseless that other investors will be deterred.
I also believe That there are a set of investors That for whatever reason want the company to fail or price to plunge. I have found that these investors Tend to get their message out through Repetitive opinions that don't really change much in substance.
Also, If you ever hear anybody express an opinion on any media site, that a stock is overvalued, I Simply ask them to provide evidence or proof or expert opinion and of how anyone can come to that decision. I have repeatedly Asked that question here... To which I've never gotten a response. I can tell you that "A" stock is way overvalued, ...But if I have no point of reference to Back that claim up..... Anybody here feel free to call me a liar..... But if you do, You'd better have some sort of proof for your claim as well.
So, AGAIN, You either have faith and consider this a long term investment... Or in only my opinion, you should cut your losses and move on. Complaining and theorizing is not going to change this.... Only a change in market direction and further Information and expansion from S FIO.... But that's likely going to take at least a couple quarters or more.
Got patience?!!
This and other similar growing posts with a certain "perspective" on GOFFs future...is exactly why it would have been A good idea for George to have kept his mouth shut instead of picking fights with other shareholders tickers.
I don't envy George's burden right now knowing that after the expections that have been built on this Merger, that This either has to be a billion dollar grand slam.... Or this and all his other plays implode.
On further evaluation and after Contemplating The facts and recent quarterly Finding, Along with what seems to be the growing sentiment amongst many media sites...... I finally now agree that This is a worthless company and I should no longer invest in its future. Here's why and what I'm going to do.
1) I am think I'm going to start shorting this stock. Now as a retail investor, the only brokerage I can find that will do this will require me to put up security of a couple dollars per share. Of course this means I'm going to have to risk and tie up Tens of millions of dollars on the hopes that this Company's price will go down and that this will ultimately fail. Call me crazy, But it's just a few million dollars.
2) Even though I cannot find one financial analyst, Investment company, Or research article That does not consider Or evaluate a company based on it having Or trading at Multiples of a company's P/E or P/S..OR The fact that 99% of other stocks That are healthy and profitable Actually ARE trading at many multiples Of their market cap... dissuade me. I now realize, Even though my NEW evaluation standard has no basis and is completely capricious, .... I also believe this company should be trading at a market cap of let's say $5M...no, no, make that $2M. Price should really be $0.00168765...JMHSO!!
3) The company is obviously a fake. I can only ask you to take their word for it, But a friend of mine is able to astro project To any part of the world he desires. After projecting himself to various cafe sites in NZ, He determined that The cafes were just empty buildings with a few posters on the front in order to pull off this elaborate scheme. He also went to Australia and in his minds eye, determined Big Lous is really just a street vendor with a deep fryer making donuts. In order to fulfill their multiple accounts, apparently he has devised a method of flipping donuts at 0.02 a second, 24/7. I cannot confirm this, but What's not to believe about his assessment!!!!
This scheme is so elaborate that it has been in the planning stages for 6 years. I'm guessing management assumes that if they pulled off An expanding conglomerate with not only positive revenues but positive profits.... It would throw off most investors from its most ingenious diabolical scheme Of only selling shares in the future.
I know what many investors are thinking, " Why build a successful profitable, expanding conglomerate over 6 years, and go to the efforts and expense of listing it on the US exchange and spend money on developing name recognition on NASDAQ billboards..., Just so they can tank this company and lose all value in the majority of the shares they hold in it ( Which if successful would be worth a massive amount more than just collecting a salary for another year or 2 as some have suugested)"? WELL, That's what makes it so diabolical....IT DOESNT MAKE SENSE!!! But that doesn't matter because I am just going on faith that there is really a dastardly Plot that will unfold here soon and we will finally know the reasons why!!!!
Oh, And don't buy into this excuse of market conditions. I know that it is counter intuitive to many, Or at least a couple, BUT, Just because 99% of the OTC and the vast majority of the larger exchanges stocks are plummeting, And only a rare few spike on catalyst announcements (usually to crash back, good luck guessing which ones before finding a "bagger")... Should have absolutely no bearing on S FIO's stock price!! All and every good stock that is not running with negative revenue, SHOULD Have its price going up exponentially.... Even if right now that is not the case for most of them.
So, to recap. It's obvious to me that any company that has been :
1) growing for 6 years and have added multiple conglomerates in many different industries,
2)Has their flagship cafes expanding not only in their native country but in multiple locations around the world,
3)Have not only strong revenues but a fairly high profit percentage,
4)Management that tries to keep in touch with its shareholders better than the vast majority of otc stocks,
5) Agreeing to no reverse splits And only contemplating adding a small percentage Of new stock For reasonable expansion purposes only Instead of getting involved in toxic lending,
6) Instead of just keeping profits private and limiting expansion possibilities, Went through the time trouble and expense of having their company put on A US exchange in hopes of being able to Gain the ability to expand their operation well beyond their limited sphere
I S. O B V I O U S L Y A F A K E It needs to be taken down so I can profit If and when I Get around to Shorting this stock!!!
Given these are only my opinions, I intend on exercising my rights based on the rules of this forum, To post slight variations of this same evaluation until I feel I have convinced Investors how Deceptive and worthless this company is. To that end, I Will not be Deterred From posting over, and over, and over, and over..... Thankfully, I have that right, here!!!
It is obviously not milk toast....just TOAST...MMMM toast aauuugghhhh
Nasdaq really down another 400!!
CONFIRMED, Distributer LEGIT and product coming soon!!
The "statement" that SFIO has no US coffee distributer is false. Even though the Coffee distribution is a small part of SFIO's revenue stream, everything helps and I think everybody agrees the US Market should be tapped. I thought it best to address accusations that they have no intentions for US distribution.
SO!!!, I decided to check out the claim about whether or not there is a legit coffee distributer. Turns out the US distributer is actually listed in their last filings..... If you want to do a little reading to find its name. Of course Gorgeous coffee is a small part of
Didn't take much to find the company's phone number. Wasn't expecting much other than to hopefully get a verification they were planning on carrying this product for distribution. Said I was a potential customer and heard they were going to carry the coffee (actually true, personally I hate coffee but my wife does want to try it). I was truly surprised about how much information I actually got.
The guy that answered did confirm that the 1st batch has been shipped for them to "test the market", Further batches will increase with demand. He also said that this first shipment was planned to start a month or so ago,, but the last production run was delayed due partly to them lacking an ingredient or something. I guess a lot of products have had issues just from general global shipping issues and backlogs ,
Assuming no more shipping issues, said to expect to see it in distribution in 3 to 4 weeks. Besides Amazon they also sell on eBay and other online markets
What he volunteered next is what really surprised me. He said just from their samples, he and many of his employees LOVE this coffee and actual said, "you won't believe the aroma".
Expected it to sell well once it gets a foothold. But get this! One of the employees likes it so much, They actually bought shares in the company.
As a Preferred vendor on Amazon, they actually have an impressive rating of 4.89 stars from more than nine hundred customers reviews (less than 1% leave a rating). Their two hundred plus products also seem to have high reviews.
I would ask that not everybody try to call them, Maybe one other person can confirm my findings.
Personally, "I" don't understand some claims that SFIO is fake or an elaborate scam, nor would "I" continue to repeat the same false claims repeatedly if "I" didn't actually own a stock. So, For any new potential investors looking that have heard this, I would just say, "Come on, seriously. Look at all the massive evidence to the contrary."
We know the cafes have been around for going on 6 years, A Google map search can verify a lot of them. The Ardent bakeries and many of their customers can be confirmed. Big Lous donuts has an even longer history And their customers and volume and revenues can also be confirmed. We Haven't even touched on the other conglomerates.
While personally, I'm not sure the advertising on the NASDAQ Building Billboard Is the best spent money,..... BUT. Who would go to that extent and expense if all they're trying to do is scam people into investing in this.... And in the short term, How does investing in them actually help them. So far, since the initial merger stage, its not like they have sold hundreds of millions more NEW shares that will significantly dilute existing shareholders. MOST Of their past expansion has come from existing profit revenues.
The crazy thing about this company , Acknowledging the detrimental effects from the lack of interest in anything OTC right now, ...IS, Based on industry averages of P/E and P/S valuations....the Financials of JUST Big Lous, By itself, SFIO would be considered trading at a " fair" value. Even assuming the most conservative market average, SFIO should be trading at no less than $0.15/share. As no legitimate alternate forms of valuations has been presented here, I'll trust the experts.
Until the market decides to trust the OTC in general, And analyzes The extent of SFIO's seriously undervalued financials.... This is a long term investment!! I just hope everybody that is looking here newly or been watching for a long term will choose to either Have faith...or move on.
And the limit on selling the shares of the note holders is spelled out in the quarterly. All else restricted(see my last post for details.)
Oh, P.S. As far as a "plumber" being able to be a successful CEO......
https://www.thegentlemansjournal.com/article/most-successful-entrepreneurs-without-degrees/
And this other guy that guit an investment job, to work out of his garage...selling books!!
P.S.S. Hilarious post Morethe on Milk toast, often wondered what that even referred to.
You are absolutely correct, SFIO price fluctuations are no more or less extreme than the vast majority of OTC right now. A few cult followed stocks move and react more to catalysts, but they are the exception, not the rule. (Often crash after run)
If you follow the 50 most followed stocks on OTC that have any decent amount of followers, you tend to see the same tickers pop up on Pumper twitters sites. NOW consider there are THOUSANDS of OTC stocks, and only a fraction of those have more than 50 followers on ANY investor sites!!!!
It would be nice if everybody added NEW facts about the status of the company instead of just constantly repeating prior "concerns", but that is their right on IHub. Either way, I thought it would be good to set the record straight as my DD has discovered.
A few have continually brought up share allocation, ad nosium, to imply a nefarious aspect to the Reverse merger decision. Here are the FACTS!!
SFIO, the shell, came in with approx 633M shares. Originally, upon merger completion they added ~776M common shares and 750,000 Preferred. Servebank served as the custodian and transferred ALL preferred to Jeths. Those can be converted to 750,000,000 common shares and holds voting control. Jeths also received 185M common shares(If his Preferreds were converted, Jeths would have/ control 935M Shares). Other Execs got 100M shares and Hatadi and "Bounce" got ~348M shares.
Why Hatadi and his bank got that number of shares, we don't know and we don't know exactly and deals about how they may be Used or reallocated. Original his share amount was somehow based on Authoized share totals which were set to high in hindsight.. We do know that later Hatadi Gave up 18M shares to help pay off the only known debt from the previous company(this 18M + 7M from another owner were surrendered and transferred to the holder of the debt, no new shares were created).
Did Hatadi take advantage of SFIO in his role as custodian. Many think so, but even if true, its done and time to move on. As, I said, their may be other agreements in which they have to "sacrific" shares or allow for cheap buyouts.
HERES THE THING THIUGH,...ULTIMATELY..... the only thing that matters to, US, the retail investors, is whether the company is growing. Profitable AND (you'll listening) UNDERVALUED!! It doesn't matter if a company has 1B shares at $.01 per, or 1M shares at $10 per(same MC btw). ALL that matters is what that equates to in Price to Sales and Price to Revenue. AND..Based on EVERY professional stock evaluation centered on these most basic P/E AND P/S valuations(still waiting for those alternate valuation methods!!).....SFIO is not only UNDERVALUED,...but MASSIVELY undervalued. Unfortunately it does not have a cult following and is still under the radar. BUT, thats partly Ya'lls fault for not promoting it more!!!
Back to the "shares" situation. So of that original add 776M shares, all but ~55M were RESTRICTED ( leaving 720M). The 55M went to an inheritor of an original Exec and were unrestricted. Many here think many if not all those shares have been sold.
After this last filing, we know that the debt is gone(Hatadi sacriced for most of that) and a MASSIVE ~5.7M(YES M not B) has been added to Restricted. Some of this is share in exchanged for assets (e.i. MAHARLIKA FOODS LIMITED). But, after taking away the ~625M of the >5% owners, the majority of the 720M shares were...NOT... purchased , "at a discount
to market price at the time of issuance". OIOW, no price giveaways.
As far as dumping shares, the only RESTRICTED shares left allowed to be sold are those 25M shares held by those that HAD given up the old debt AND only at 125,000 per day max.
Thats RIGHT, price is mostly likely being affected by ONLY retail investors!!!!!!!!!! and MMs
So, other than a very few unaccounted for shares in the fillings, the transfer agent shows basically ~800M Restricted shares and 611M unrestricted. If Jeth converted all his Preferreds(usually only touched in cases like hostile takeovers), that would put the total shares count to ~2.16B shares (would STILL be way UNDERVALUED).
Yes, they did file for the POSSIBILITY, to add shares to pay for expansion purposes only. This is not a sure thing, and even if done, it only ads about 8% to total share count. How many companies would resort to "toxic lending" instead...is this not better. But AGAIN, even the best companies have diluted for expansion..Unless your talking adding 50, 100% to share count..it not a big deal and to be expected.
It was just posted here a response about the auditing stage and why it was slightly delayed and they just posted that the Cafes in NZ have doubled and they have approvals for other " starters" in other countries. YA, I'de like to see 200 Cafes in the US. TOMORROW....but come on people, we know in reality these things take time and often hit delays.
There are A lot of other interesting updates in the last filings that I would suggest you take a look at. Just one example is a company they are working with, Triple Trading, Inc. for their coffee distribution in the US. Here is what Amazon has to say about them.
Triple Traders is a good seller on amazon.com. Triple Traders has an impressive rating of 4.89 stars indicating that most consumers are very satisfied with the products they purchased from this store.
They mainly sell grocery & gourmet food, home & kitchen, health & household, beauty & personal care, industrial & scientific products under the brands of Ahmad Tea, Regal Crown, Alopecia, Sewak Al-Falah, Sadaf. At present, they offer over two hundred products for sale, some with Prime shipping available. The average price of all the products in Triple Traders is roughly $12.
OTC is still mostly in shambles (you can point to the exceptions all you want, but not much has really changed). Most likely it will take another quarter or 2 to be really noticed along with Audited financials to instill confidence...before we will see major price movement.
Until then you really have 2 choices, Add on the dips like now or sell out and move on. It really is just that simple. You want the price to improve??? Well then you might want to start by getting Off your social media arshes And promote this on any Twitter and any other investmenent sites!! Whats the old saying, "God helps that help themselves". Of course, BUYING more shares will help the price too.
Other than this, if you want or DEMAND more information, then do like some here did and SEND THEM AN EMAIL!! Just complaining will only increase your stress...and lord knows, some of us have been showing alot(if course I can only speak for myself!)
So, poking around more and found an opinion that George had said the candidate is an SEC reporting company. And WAX is NOT. So, who will it be???? Better have a value more than a few 10s of millions or you better have an exit strategy.
Try discord
It's inevitable that this would slide down until at least the next quarterly filings, But as you can see there are those still buying to pull it up as much as possible. Avsilable Float is just getting that much tighter. Its still WAY undervalued. If anyone Can provide a credible financial Analysts opinion and their measures for valuing a stock based on available P/E and P/S info....that shows this to be OVERvalued compared to the rest of the market... I'll stop posting. Let's see if anybody can come up with anything.
B U T. A G A I N.... This is a long term hold and anything like this involve some level of faith. I would love to see more specifics too but compared to 95% of the OTC stocks out there, I'm glad to get at least some kind of information coming out other than hearing crickets for months on end..
One of my biggest complaints in the past is that they're trying to expand too much too fast, But part of that means the dealings of everyday life, Along with the various government bureaucracies they're probably dealing with.... Things don't happen overnight and sometime the best laid time lines get delayed.
For those that think they need to have some other special Gimmick, Or patent, Or better technology that allows their product to stay fresh longer Then they are competitors.... Just take a look at Dutch brothers recent IPO. Essentially a bunch of drive-through coffee vendors Some of them essentially a pull up and pop down trailers.... With something like 400 of these cheap setups, Had a big board Market cap of 3 billion at 1 point. Nothing special, Just volume an expansion!!!! You think even a recession will keep people from buying overpriced coffee??
But if you need some kind of proof that things are moving forward, Unless you think they're out and out lying(provide proof please), This is their newest release from yesterday,
Epiphany Cafe more than doubled its footprint across New Zealand in the first half of 2022, growing from 30 locations to 65 franchised and licensed locations within the country. Following the completion of market research and feasibility studies, Epiphany Cafe has already secured trademarks and reserved flagship locations to enter the Malaysian market. Initial teams to manage these brick-and-mortar operations in Malaysia will be training in New Zealand next quarter.
Big Lous, placement in marts, opening new countries, expanding cafes, profitable..show me another OTC pink this good?! I dare you!!
George has made lots of enemies. I shared a comment that you can post on any Twitter debate with him or his worshipers.
"Give the hype and expectations his followers have built, If GxxF isn't at least a multiple hundred million dollar company..all his tickers will implode. No pressure George!!"
George just posted this sentence in a reference to an ILST shareholder that Was p***** off by the vague merger announcement and subsequent dip
"Another Caren Currier scam, just like $ILUS"
P.S. I have no interest in getting involved in the George sharp Twitter commenting pissing contest.... But I have not seen any posted rebuttal, On George's Twitter, Pointing out that the hype is in place for a multi billion dollar company merging into GxxF, and anything short of that and his tickers will probably implode. If anybody else wants to Is post that opinion, I'd love to see the responses to it.
Yes, Generally Possibility of conversion Is restricted for the 1st year or 2..... But after that, whoever could convert them But that's usually a last ResortIs to prevent a buyout or or when the owners decide They want to completely cash out for their soul benefit.
I do also have some GxxF, But I Can unabashedly Say as a person George can often be quite the d***. For all the investors of other tickers he has p***** off, You have this one possibly redeeming fact That only time will tell, probably within the next couple months....
Whether George has purposefully Laid out The new name for GxxF to coincide with the name of one of the largest NFT providers, Or it's just an unassociated coincidence. The fact is he has not discouraged many of his followers From assuming that the company he has in mind to merge is a multi billion dollar organization... The hype and expectations have been set. If George ends up merging a company into that ticker that looks anything like HMBx, And is not worth at least multiple hundreds of millions of dollars....... George and his 3 tickers We'll end up being worth nothing but dust... And will probably take forward with it
Glad to see it's holding this price point. All that's needed now is the actual merger candidate.
Here's an idea for you to get new potential investors. There's a reddit blog for WAX token holders... 8000 Members. Why don't a few of you go over there and post about how you believe there's going to be is a WAX reverse merger with Goff. Suggest instead of just putting money into tokens.... They could Isbe owners of the actual company.
If somebody within WAX is monitoring this site, Might force them to respond one way or the other.
https://www.reddit.com/r/WAX_
Of course this means that if fully converted, All other current shares would be worth Less than 20% of all shares. There's actually a tax advantage for companies Is merging into any entity with 80% control. The good news is ,if this is the case, It would tend to be a strategy of a much larger company ensuring its value and share control. GOFF Filings actually spell this out as an option for whoever is incoming to their merger
The purchaser of the 50
Series A preferred shares has control of the Company through 60% voting rights over all classes of stock and the 50 Series
A preferred shares are convertible into 10,000,000,000 (50 Series A preferred shares multiplied by 200,000,000) shares of
the Company’s common stock
Someone's buying a buttload at a time
Not really my point. Listen, its this simple, Tyrese Makes a well reasoned Appeal for why the company coming in is WAX. It's pretty much better than any other hypothesis so far. I think the biggest question the thoughtful investor still has, Is What company this size would use would use such a worthless OTC shell to become public? These are valid questions.
I have said here that I think this is possible, But I have also stated pretty clearly that if they use this shell, They are ultimately going to get or get control of a minimum of 80% percent of the shares or value of the merged entity. That would still make the share price for retail investors a multiple bagger.... Just not the $20 per share projections many have been throwing out.
I have stop losses to pull out close to a 100% return should this be a dud. The only other hope I hold out is the fact that I think George realizes, Especially given all the other reverse mergers flops out there, That this has to be something reasonably spectacular, or basically, His 2 other custodian ships are dead in the water, And therefore his investments in FORWD Will also turn to dust.
But, Hey, No pressure there George!!
If you have been following the George sharp, ILUS feud, There is a poster that claims to have bought the Nevada rights to the name George was hoping to apply to one of these other tickers, In retaliation for George supposedly buying a variation Of a name ILUS was looking to use. Just shows how childish this whole thing has gotten on both sides..... But the name he was supposedly looking to use for GVS? was "American Blockchain".
His price points have been all over the board since he claims he 1st got out over a year. Although At least on ihub We know a certain person has really only had an opinion or following of one other stock... Kind of hard to tell a person's Stock picking ability based on on that few opinions. But as I stated before, Lots of people can claim they got out of stocks at the highest price.
One of my many multi baggers from 2000-01 was AAB?. I got in around 3 cents and pulled out pretty close to the 1st downslide which was around low 20 cent range. I went back in in around 11 cents and sold out and a little over 50 back when it reached its highest point. Does that make me a super investor, NO, I just watched the trades and the trends and pulled out when I thought was best, Although I'm sure some of that was just dumb luck. Pulled out pretty close to the top On many stocks that year. But as I also said not too long ago, during the kovid binge, A trained monkey with a keyboard could probably have hit that status at least a couple times.
I can't speak for everybody, but for me this is a speculative stock that I'm playing as a long term hunch. If any of you have been investing long enough to live through theDot com crash, You will know that many aspects of those days are extremely similare to the OTC crash now.
I got into one of these upstart Internet companies at around $12 at the end of 2000. At the lowest point of the crash it was trading for around 3.80. Although lots of people told me I was crazy and it's easy that this would probably fail like a lot of the other Internet companies, I continue to trade from from $7 As it was going down, Bought a lot in the low fours, And was still buying when it got up to $7 when it started to recover. Sold most of it in 2004 at $24 a share. Average was in the low fours. A 6 bagger in 3 years back then was a really good Record. I had a couple other good runners besides...EBAY, Back in those days..... But they were all companies that I thought had value, Were undervalued, Great year over year growth figures, And whose management understood the necessity it is to continue to grow and expand.
S FIO is ultimately a fairly small percentage of my portfolio.... But so was eBay..... Until I sold it outperforming every index funds by many hundreds of percent.
Either have faith in this company and buy the dips... Or move on to something else. Everything else just looks.... Desperate.
Here's hoping that combined, They have revenues over a 100 million!!!! BUT, They also need to be close to or have some current profit margin. A bunch of companies with a negative net profit margin, will probably not Bode well for this ticker.
Not saying anything should be ignored, Just simply pointing out that I don't think anybody can use the fact that it took a year as either a reason for It being a huge merger company..OR, being a basher's excuse for there being some nefarious reason why it took so long. All mergers since late 2020 have taken exceedingly long to get finished. I'm rolling the dice that she actually did get something half decent..... And with ILST currently being at a 10 million market cap, Wouldn't take a huge company for it to be under valued.
I know everybody in OTC has ignored Fundamentals and actual financials to judge a ticker's worth..... But now that the covid inspired OTC binge is over..... Undervalued OTC are the only ones that are going to have any significant gain for the foreseeable future.
I don't think anybody should take The year time Frame as any evidence for much of anything. OTC and finra are still Not caught up with the backlog of Filings and companies trying to get up-to-date given their deadline from last September. One of my other Highly potential OTC ticker took almost 5 months just to get a name change through.... Let alone all the other c*** that's involved in merging and becoming current.
They're keeping it low so the merging companies Owners and officers Can give some time for there Friends , families and 2nd cousins on their mother's uncle side.... Time to unofficially acquire >5% cheap shares!!!!
I took the 40% discount and jumped in as a roll of the dice. But since it's now trading at a 10 million market cap, Why would you say that it's a failure unless the company coming in currently has an 800 MC? As an undervalued investor, I'm trying to comprehend that statement.
I had asked earlier that someone said the company merging in has revenue or will have revenue of 76 million. Can anyone say who is Or who they think is coming in that can verify that amount? Even at that rate a 10 million market cap would have an unrealistically Undervalued P/S ratio.
Someone Posted this company having 76 million revenue. Anybody say where this figure comes from or is this from a previously expected merger candidate?
He's stupid for picking fights he doesn't need to When his flagship GOFF is this close to merging. He comes off like at 8 year old bent on revenge but nobody knows why hes so mad all the time.
I've got money in this and hope maybe he pulls off one more.... I know enough that I played the fact that this was going to be hyped all along So I'm well over a 100% return on this one.. But I keep stop losses at a point where I'll always make at least something in case this turns out to be a dud...... Like some have already made the assumption ILST could be. Georgie just trashed that Custodian too.
Hes made so many enemies I fear it will bite him in the ass when least needed. Search Twitter under George Sharp and see the 4 to 1 bashes against him. Some won't invest here even if they did trust him....and His following has already proved they can't pump this above 60 cents... Buy themselves. Insitutions won't touch this until and unless its a WAX.
ILST promoters were SURE there's was a HUGE company too. Although the actual merger company hasn't "actually" been disclosed, a nonspecific tweet cause many to bail ( picked up some speculative shares at 40% discount.). GOFF announcement is anything but specific....same will bail here.
You might want to use the right ticker symbol..it's ILST not ILUS. Funny you would mix those up as.... GS is currently screwing with that ticker as well as putting your custodian on S list recently. The infighting of these Custos is ...exilerating. I actually Wasn't that interested in this one, but knowing the merger "may" have rev above $70M, thought, what the heck, at $15M market cap, at a 40% discount...picked up 500K at .0048....thanks whoever gave them up. Tight stop limit lose in case merger is crap...not much to loose. Hahaha...paperbacks.
Also hold GOFF on "chance" Georgie boy pulls on off. Up 125% , also with stop loss guaranteeing 80-90% gain.
But some of you are right....NONE of these custodian can be trusted....and almost everyone, "implies" or "allows" leaks that this is the BIG ONE!!! You gotta play these for profit, not instant retirement plans.....HMBL was a covid inspired fluke!!!
The followers there were sure it was going to be a company much bigger much bigger than it Appears it is. I'm trying to think where that scenario might sounds familiar??????.
The sell off there (up to 40%)does seem to be a serious overreaction. Supposedly the company coming in supposedly has revenue around 76 mill And its market cap is trading around 15 mill. Couldn't resist and picked up half a million shares(tight stop limit sell order). It looks like I'm already up 10%!!
Many of us have warned you that this is now a long term investment. It probably won't move significantly until next quarter or the 1st epiphany cafes in Canada or US. The same 2 choices still exist for you..... Either you believe in the company and double down on dips like this...... Or pull the plug and move on to something you're more interested in or sure of.
I guess there is a 3rd option, You can be like "some" investors in some of the stocks out there that just hanging around And lament why it's not doing what you want....Incessently
Holy crap, sentiment in GVSI Ihub is NOT GOOD. George....Shut the F*** UP!!
Aside from me losing money, I wouldn't be surprised if in the end we get a statement like this from George,
" Thanks to the unprovoked attack by management at ILUS and its shareholders Perpetrating false rumors and defaming my character, ... The NFT company we had planned to merge with has decided to pull out of the deal..... It's all THEIR fault"
Gee, I never would have guessed posts like this showing up here!!!..... You bring in a billion dollar company to Goff, Then you can go off on whoever you want. Until then,, For God's sake George, Shut the h*** up and deal with your own tickers.
So, If it's going to take 99% retail money To make this price move significantly.... Then it's not going to happen For a while yet, So since the George followers can't get it above 60, Wouldn't it be better if everybody just Save their money and let the price come down to buy it a little cheaper later?
If it's The institutions that's going to Do most Of the heavy price lifting..... Why are they not getting in now while the price is still very low. Surely 1 or 2 super investors Have heard of the Possibility that a billion dollar company is merging into here. Wouldn't they want to be investing now at this lower price then wait till it's well above a dollar?
Are they waiting until they know for sure that it's a billion dollar company that is being merged into here? That's kind of funny, Cause last week when I said a bunch of investors were waiting to make sure this merger Didn't end up being a bust like most of the last few did...why, The George worshiper's here said I was crazy and Everybody would jump in now Knowing it's a big company... Because George said so!!!!
So, to recap... What you're implying is the price isn't moving Significantly until institutional investors step in. Of course it is possible that it can move some with a larger retail investor base..... Which might be possible, If George would stop picking fights In responding to every Challenge coming off like an 8 year old.
Better Buy some more or it's gonna start coming down even faster. I'm sure New investors will come in and add..... As long as George can stop trying to p*** off as many people as possible
But you're not buying enough more to make a difference...... Volume is simply too low for a significant run. Announcement or price retreats.
George's worshippers are running out of money, George pissin of potential new investors.....better get that merger announcement out or this is stuck and will start bleeding back down.
Still need new money. That think George is worth trusting...not an 8 year old acting out