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Probably. Makes sense to buyback stock ahead of earnings if they believe it will be a positive call next week.
Well, I agree bitcoin wasn't created to buy paper towels. Most people buy bitcoin to keep it longer term. But isn't bitcoin one of the currencies used to pay in payment processing? I do understand blockchain and why its superior. And to that extent GBOX is superior for sure.
My question is really around demand. To really generate revenue there has to be widespread adoption of the payment solutions GBOX has created. Is the average consumer going to use their crypto currency to make retail purchases? If not, why would retail oriented businesses adopt payment solutions for this? Are there other users that will generate bigger dollars than the average consumer?
You are probably right. That's why I asked the question. I'd like to understand it better or find a place I can understand it better.
I have been invested in GBOX since pre NASDAQ. I have bought on dips and sold on peaks so have done well but always maintained a good sized core long position.
I am struggling with a fundamental question on GBOX is this: Why does anyone need GBOX? Are they trying to replace cash registers or online purchasing? And are people really going to use their bitcoin to buy paper towels and toilet paper? It seems to me the vast majority of Bitcoin investors (Thread LTD excluded) are buy and hold investors.
So where is the demand for GBOX POS services going to come from? It may be that buying cars, houses, or other appreciating assets might become a good use for this technology, but everyday retail users? What am I missing?
https://finance.yahoo.com/news/greenbox-pos-management-host-corporate-133100220.html
Corporate "update" call on Thursday.
I will first say I am not a WARM Management fan. They have butchered this opportunity. That said, I don't think its an integrity issue to take a salary at a company you work for, even pre-revenue. If they aren't taking salaries, unless they are independently wealthy, they won't be working on this opportunity and our investment is toast.
Now, it's likely toast anyway and they may not be doing much, if anything, to resurrect this, but I don't think no salaries is the answer.
GBOX short shares was just over 1M shares as of 4/15. That's up from about 200k as of 3/31 but significantly below the speculated 60% posted on here in past couple weeks.
Huge Volume today, over 5M shares traded. Indicates a large new buyer is on the scene. Also, if this was a big short from the article, the squeeze is on.
I think the bottom has been reached. I am officially calling it. May not go straight up but the 6 handle and subsequent mini bounce is the bottom IMO.
probably something with a 7 handle will be the bottom. Could be a bumpy ride the next several months with a large range and a lot of volatility to flush out the weak hands.
As of March 31 the short float was about 190k shares or 1.1%. Not physically possible for It to go to 60% in last 2 weeks.
There is no way 60% short float is correct. That’s massive. Last I checked it was a few hundred thousand shares I would be very dubious of that number. This will probably have some crazy ranges the next few months. Could be $7-25. Probably gonna be a bumpy ride
I generally share your view you should ignore hit pieces. But when your stock is down over 50% in 3 days you cannot remain silent in my opinion. Management should speak up in some fashion. Facts are your friend. Get some out there.
I read the article and as I posted previously, NONE of this is new info, in fact the company has already overcome all of this. Citing events and lawsuits from 3-12 years ago is dredging up known information.
The BearCave article is all old news. It's been well known for a long time. This is a short attack.
Get in line. Many of us have been waiting for "financing" for a few years. While the involvement of Verdewatts is more promising than Cool's internal historical efforts, I wouldn't hold your breath.
Hey Trumpdollars,
Here was your post from just 7 days ago:
".....We won't see 4s again soon - so buy this cheap while you can. I doubled down on my position today!"
Just saw a .02 handle today and staying in the 3's so I guess you were half right.
The only one not doing their DD is you. Like many on here I have read every PR, every filing, every 10Q. Nothing you have posted is news, all of it has been in the public domain for literally years. We all understand the company needs financing, same issue for at least 3 years running. There is literally not a single piece of new information you have provided. Only info all of us have seen many times.
This is like a bad "Back to the Future" movie. ChenTeddybare is regurgitating years old news and trying to convince someone that Cool Tech is just a financing agreement away.....Duh! Go back about 5,10, 15 pages and several years and tell us something we don't know. When this thing trades back down to 1c, I am sure we will never hear from the Teddybare again.
Hey Buffet Boy, this here WARM stock has been offering an "all you can eat" version of your favorite stock for going on 3 yrs now. So if you want to buy some blocks of WARM, all you have to do is put in a .02c bid for 25M and I am sure you will have your fill soon enough. Outside of that I suggest you shut the eff up cuz everyone on here owns the stock for the long haul.
and interest is not sales
It is a well known fact that micro caps who issue converts to fund operations are in a death spiral. It's also well documented that more than 80% of these companies ultimately fail. The deck is stacked and odds are that WARM will be no different. That said, there are almost 20% that survive. The presumption of the current stock holders is the hope that the real technology will win the day and this company will become part of the minority of these convert issuing micro caps, management be damned! Here's to the underdog!
From the recently posted 10q:
On June 30, 2020, CoolTech had cash of $3
Good luck!
I don't know about you guys but I got some proxy materials because I am a shareholder. I read through them and it said 3 people have preferred "B" shares and have a controlling vote for the company (more than 2/3rds). One of them was Ustain and the other two were two guys in the suburbs of Chicago if memory serves. They are the ones that voted for the expansion of stock available.
I don't know this stuff as well as some of you (Kayak!) but as I read it this seems like those guys got preferred shares, along with a lot of warrants etc, within the last couple years. Could it be possible Hassett no longer controls the company?
How many shares you want at .15? I got a lot for you. In fact I’ll give you a discount and sell them at .10. Just DM me your bid size.
Goldman,
Good luck with that. If you believe that, then several of us have shares to sell you at .23.
I am not blaming Hoppel, just stating the facts. Hoppel is the only one who will have made money on WARM. That kind of financing (variable warrants/convertibles to fund operations) is a death spiral and it started a couple years ago. A long list of bankrupt companies have gone this route. The numbers are staggering. 80% of the small/no cap companies that go this way with their financing end up bankrupt. That said, 20% make it. I have known this probability since the beginning and I was betting on this firm being among the 20%. No dice.
The toxic financing strategy of issuing warrants at a variable price is what started the death spiral for this company a couple years ago. When you have a shark like Hoppel who’s only interest is getting shares issued at a lower price than he can immediately sell them, with the company issuing those convertibles/warrants as a way to raise operating Captial, thats what kills these companies and drives the share price to pennies.
The dilutive reverse split would just be the whipped cream on the manure pile.
Having read the latest filing, a phrase that was repeated many times in the document provides a summary of where we are with this company:
"As of the date of this filing, the funds to support production are not in place"
This company has issued somewhere north of 150M shares over the past 2 years alone, most of it at prices below 10c. Many of us are underwater at prices much higher than 10c (I know shareholders with average prices above $1). Currently, because of mis-management, their only path to more money is to issue even more shares to guys like Hoppel and because of the need for money, the number of shares increases. This is a classic death spiral for OTC companies. This toxic debt kills these companies. The ONLY way out is revenues that attract real buyers. That won't happen with one transaction, one PR, or one-anything. And I don't think it will happen with Tim Hasset at the controls. He has killed this company and all of us along with it.
The technology and value of it is real. They don't have financing because no lender can value the IP, which is their only real collateral. A lender can value a real purchase order but customers aren't stupid either, they love the product but want to see these guys get traction before jumping in. The mexican contracts likely had covenants in there that made it impossible to every deliver. The technology is valuable but the company is not. I don't know the way out and it's a small % chance we get there, but this stock isn't going above 10c without tens of millions of real revenue in my opinion.At this point I am just going to ride it out and hope the Hoppel/Hasset train doesn't continue to bury us
Again, PR is never going to move this stock with all the diluted shares owned by toxic financing through variable convertibles. Repeat: PR WILL NOT MOVE THIS STOCK. It can only move through actual revenue and real buyers. This profile is just like hundreds of other no-cap stocks in OTC land that do death spiral financing, which Hasset has done via Hoppel and company. This company is dead without real revenue from real buyers.
As long as there is no revenue and Hassett continues to issue toxic variable warrants to guys like Hoppel, the stock isn't going anywhere. close to 90% of the no-cap companies that enter into this type of financing to fund payroll and operations go bankrupt. That said, 10-15% of them survive and we all hope WARM is one of them. Hassett clearly issues this type of convertible because he HAS to and until he has other sources of clean revenue, this stock is not going to "run" anywhere. Hoppel and potentially others, have stock issued at or below the current 3.5c price and will keep a lid on the price potentially forever. If a fundamental revenue source doesn't appear this company is dead. Anyone hoping press releases and "hope note" type of PR is going to get them a stock run so they can get out is delusional. That's not because of public perception or mistrust (all of which is valid), its simply because there is way too much supply at low prices in this stock to let it run and Hassett clearly is desperate or he wouldn't continue with this sort of death spiral financing.
With all the toxic debt this company has issued, it is going to take new and real investors to bust through the ceiling of convertibles and create new highs in share price. Real revenues on the books is the only answer. Patience.......
Kayak, this is about as negative as you have ever been on Cool Tech. I'm not disagreeing with you, just acknowledging you, as one of the sole rational optimists, are down on these guys that's not good.
Unfortunately I tend to agree. They can't get financing (as it was said today...Who would put money into a company that has never generated a nickel of revenue and has mismanaged virtually every opportunity), and it appears they can't, they are done. The Mexicans will wander back and never return.
I wonder if the demo trip to Mexico Hasset has mentioned has happened or will happen? Sure would be nice for him to say something concrete. I suspect the next time we get any real news it will be to tell us they are closing up shop.
Who is going to lend them money? They have no revenue and a public track record of feeble management. Their orders are from Mexico, which presents more risk and less certain than US orders. Their collateral is the IP which is new and hard to verify the value. So what is the basis to lend them money? The board can’t “make a decision” when there is nothing to decide. Their only real option, besides some “non dilutive” smaller bank taking a flyer, is the convertible debt funding, thus the lower prices in the stock. This is a death spiral without a serious Adrenalin injection.
The obvious reason the company hasn't been able to move forward is money. they need money to order the parts for the trucks, even to show the model truck they need money. If anyone was going to give them "non dilutive" financing it is a risky proposition as they have no revenues and only the "IP" to use as collateral for financing. The value of that is subjective at best. There probably aren't many places out there that would loan money to the company with their profile. It can't be easy to find capital other than the toxic convertible guys. I hope I'm wrong.
The Convertible debt players are not fundamental investors. They don’t care what’s going on with the company they only care about where they can convert stock and then sell it. That’s their game. They are technical investors and care only about how much volume the stock has and how much they can sell. Their strategy is to keep getting stock at 5-6c and selling it at 6-7. Over and over and over. They make money a penny at a time on volume not on ideas or hopes. That’s true in any company that issues toxic convertible debt. The only way out of a death spiral is revenues that draw fundamental buyers.
Hassett takes the bait because it’s the only capital available to him. If he gets real orders, then he can leverage that for real money and financing. Money begets money.
No question its the convertible guys. When you can get stock at 6c or below and sell it above 6c they will do that all day long, as much as they can. That's why convertible debt with a variable strike price is so toxic. It becomes a death spiral for the company and if it revenues don't come soon, with new buyers, then it becomes a self perpetuating reality.
It’s got to be the convertible debt guys. They don’t care about the company, they care about the liquidity of the stock. If they get to convert shares at 6c and sell them at 7c or 8c, they will do it all day long. The amount of convertible debt is going to keep a lid on this stock for a long time, or at least until the revenues increase dramatically to attract bigger institutional buyers.
Others probably know more than I do but the company has control over how many shares are issued/outstanding. If they issue them in the form of convertible debt, the owner of the warrants controls whether they get converted and the strike price of the warrant dictates whether it would be profitable to do so.
The financial statement from the company delineates how many derivative shares have been issued, I can't remember off the top of my head.