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The ole Jason Black bait and switch. Classic.
Real easy to make a mint as a con artists nowadays.
It's the company that is garbage.
I've said this repeatedly. The ticker was always just a personal piggy bank for ABCO to continue to exist in all their glorious insolvency.
It's fool's gold. I can't wait for the day the market stops giving them any appreciable dollar volume and they can no longer prop themselves up and pay their salaries with the sheep they shear.
Who knows if that day will ever come. If there's a buck to be made, these turds get shamelessly pumped.
There will be no updates.
As stated, there's absolutely nothing going on with this ticker. They stopped filing a long while ago and it's now a total zombie ticker. It can't manage much dollar volume / pump and dumping on hot air.
And so... silence.
Have the "shorts" covered yet? LOL.
Wildly egregious stocks like ONCI, with equally egregious CEO's at the helm, are the most entertaining to poke holes in.
It comes as no surprise.
No, they're not.
Merely a brochure outlining various existing options as it pertains to safety.
What's the better news?
ABCO is executing the same exact playbook they always have. Dilute roughly 50 million shares every month while tossing out half baked fundamentals until liquidity dries up. Then, reverse split.
Company is trash and don't deserve to bilk any more money out of the market for their insolvent operations.
I think everyone is reading it incorrectly.
Those are still last month's numbers. FEB 3rd. As in 2/3.
Today is MAR 2nd. As in 3/2.
If and when the numbers are updated in the coming days, I fully expect an O/S increase.
Same ole ABCO.
That's all anyone ever gets from pinkie CEO's.
Legitimate questions don't get asked, nor would there ever be answers, because it's a smoke and mirror show.
Everyone knows it, but the hope is for enough hype to create a pump for the dump.
With the amount of debt on the books needing to convert, I'm sure Berman will try one last hail mary, but who knows what the results will be.
Actually, no.
I keep reiterating this, but here I go again...
ONCI does not "own part of Cogosense." ONCI owns 0% of Cogosense.
What Berman has, supposedly, it a LOI in which he has, supposedly, paid a portion of an agreed dollar amount TO own Cogosense.
Until that bill is paid in full, and until that agreement actually goes through and is documented, he owns nothing.
He is merely a re-seller.
Aside from that, ONCI and Cogosense are two separate, unrelated entities.
Berman's house getting foreclosed upon; pinkie hilarity.
The lives of pinkie CEO's are often train wrecks, and Berman is no different. No one can verify a single one of his past credentials, and anything that does turn up on him proves he's just your typical goombah with a pocket full of lies and the emotional development of a 5 year old.
It's amazing that pinkie traders allow these imbeciles to exist, all for the chance to make a buck.
But but but, today there was-gonna-be all-kindz-of-loading!
TONNES of loading.
Lol.
Careful: UAMM undergoing pump and dump.
-UAMM is currently dark and defunct.
-UAMM has had multiple CEO's over the last several years, all with different connections, yet absolutely nothing has ever materialized from those connections.
-UAMM owners plug in various people into the CEO position as a placeholder, but none have ever had anything to do with UAMM and eventually step aside for the next placeholder.
-Any connections between the current CEO and UAMM are being made by traders and are completely unsubstantiated.
-With emphasis, there is ZERO connection between BitKAM and UAMM.
-UAMM owners and their various ideas have a long history of no delivery.
-UAMM has been pumped a few times in the past using these empty ideas as grandiose fundamentals.
-There's no indication the company will be bringing UAMM current.
-Even if UAMM owners claimed they were going to bring the ticker current, which they did 10 months ago but never did, you can't trust them at their word.
-Promises of news has often resulted in no news, or news that is empty lip service, as history clearly shows.
-The last promise of "news" was made months ago, which predictably never came, and there has been not a word since.
This has been and still is a nearly empty shell with no actual fundamentals or real interest. Gamble accordingly, but absolutely ignore pump noise about charts, shorts (lol), BitKAM, trader fabricated claims of things the CEO said or is saying, trader fabricated claims of news coming, wild price targets, and, again, shorts (LOL again).
I doubly-love the narrative that UAMM needs "positive-feels."
Tickers with real fundamentals take care of themselves.
Pump and dumps require "cheerleading."
LOL. Short volume is NOT short interest.
Chartz! Shortz! YUGE things! CEO said things!
Gotta love the narratives every single one of these dump and dump pinkies gets in lieu of anything even resembling a real fundamental.
It's especially my favorite when the otc short report, a website built for the sole purpose of creating a short volume data set to be intentionally misinterpreted by pinkie traders, succeeds in roping in pinkie traders to misunderstand and misrepresent the data into a pump fundamental, exactly the way the website designer intended to get traffic and clicks.
Can't make this stuff up.
Chartz! Shortz! YUGE things! CEO said things!
Gotta love the narratives every single one of these dump and dump pinkies gets in lieu of anything even resembling a real fundamental.
No-one will know about the old CEO's preferred.
Ask the company any questions about dilution, and you'll get lip-service.
No need to think. It's easy to know just by looking back through past financials. Granted, I have the benefit of having had watched this company, for years, play the same game and say the same things over and over. It gives me additional context.
But even as recently as a few months ago... they just did the whole "say one thing, do another" routine... all over again, as they always do. It already happened.
Reverse split. QB status. Talk about no more toxic debt. Talk about securing traditional financing. When this was trading .015, yet bids were clearly getting sniped by dilution and traders wanted answers, they completely played dumb.
Heck, they literally had to fire their IR person for handling it so poorly.
And now here it is. Shareholder equity reduced to 1/4th of what it was post split. Share price a FRACTION of what it was pre split.
History has repeated itself, and none of it is by accident, bad luck, or anything else. It's design.
Nice theory, but nope.
Toxic debt is not the only place dilution comes from. Even then, debt can be taken on unrestricted and for immediate conversion.
Feel free to dig back through the company's quarterly past releases to see how the O/S has grown lockstep with their ole PR routine.
Unfortunately, certain elements, like their old IR Twitter that offered a lot of "Dilution SHOULD be over" shrugging, and personal email correspondences with the company that offered a lot of "Dilution SHOULD be over" shrugging, is lost to the sand's of time.
Precisely, because they're not.
This is the only line of any meaning in that entire PR.
"The acquisition company's construction equipment is sorely need by ABCO."
Yes, sorely "need" by ABCO. Apparently they still have a monkey working at IR.
There is no functioning business. Like I said, the business entity was likely recently dissolved and ABCO is jumping on the equipment and opportunity for pump fodder.
That $300,000 purchase price reflects tools, vehicles, licenses, and typically the payment of owed monies or liens against the business.
A lot of the time, these LOI's never go anywhere because they are predicated on the PR creating enough price action to raise the necessary money. Or they never go anywhere because they are totally fabricated. Or they aren't completely fabricated, but they are citing a recently dissolved business that the company doing the acquisition already snapped up, and so the "purchase price" is really an agreement they have with themselves to give the illusion that it's a functioning business, all so that, for a short while, they can retroactively try to add the revenue figures of the dissolved business to their financial reports so their bottom line looks good. Naturally, come the following quarter or year, those numbers go "poof" and disappear.
This is why it's important to know "how-things-work."
Especially in the business world.
Especially in the markets.
It helps one quickly read between the lines and sniff out the nonsense.
ABCO's latest PR about the HVAC acquisition. More nonsense. Another bone with no real meat on it to serve as their hopeful pump fodder for anyone that doesn't know any better.
Why?
They are supposedly acquiring a company with sales in "excess of a million dollars." This company also supposedly has nearly 50% gross profit margins. Well, let's use some even lesser, basic numbers, which still hilariously proves the point.
Apparently $300,000 in profits are to be realized to ABCO. Let's use that number. ABCO is acquiring a company with $300,000 yearly profit margins that does 1.2 million in sales. That makes it easy. That places the gross sales equal with a 4x market value over profits.
So even IF one wanted to acquire such a business, you're talking a ticket price of at least 1.2 million.
But... ABCO is acquiring a $300,000 (minimum) PROFIT generating business for... $300,000? LOL.
Yep, that doesn't add up, does it!
And why?
Because it's basic misrepresentation of the business and the numbers. There are many things not being accounted for here on PURPOSE to spin a nice sounding PR.
Going into lengthier explanations than this to underscore what those things are... well, that's just even more business and acquisitions 101, and it's not even needed.
Bottom line is... You don't acquire an "excess of a million in sales" "48% gross profits" business for... $300,000.
98% of the time when pinkies do this sort of bait and switch, the truth is that the company they are acquiring recently went belly up for one reason or another, and the numbers being cited are from the PRIOR fully reporting year.
Naturally, you never get the company name, where they are incorporated, etc. You just get, "We're acquiring a nameless, nebulous entity out of someplace that does super great profits!"
Mhm, and I have a bridge to sell in Brooklyn.
Any actual details always allows anyone with Google to quickly find out it's a mom and pop operation with two employees that went bust in the recently passed calendar year.
Companies go public to raise capital.
That's the point of going public.
But real companies do so with a REAL business model for achieving profitability.
Stinky pinks like ABCO aren't outright scams like most pinks, they are shams.
Shams because achieving profitability is not the primary intent, it would be a stroke of luck. They KNOW this. ABCO knows their cost of operations, their salaries, their earnings.
Simple question; if they had a legitimate business, why wouldn't they secure traditional funding from a bank? Because they don't and they know they don't and they don't care. That's why they went public.
The name of the game is toxic debt and using emotional pinkie traders and lovers of quick buck pump and dumps as their personal piggy bank.
They're a sham masquerading as a legitimate company.
Very cool, but he said it's not affiliated-with-UAMM-in-any-way.
Bummer!
Nope, sorry. CEO said no.
There's a larger issue being missed.
ABCO, once again, is acquiring (it's only a LOI) another insolvent, dead weight entity.
The financing is always light on these deals, as the company being acquired is literally dead. They are being acquired for their materials.
ABCO can't even keep the lights on without dilution. Their entire existence has been insolvency.
Their strategy? WELL, ya gotta spend MORE money to MAKE more money!
But they don't.
It's a zero sum game. They pay themselves more, they pay more employees, they have more assets, they have more "revenue on their bottom line," but it NEVER is going to move the needle towards being in the black. It's lateral moves at best, backwards moves at worst.
But, hey, the good thing is that these LOI's, little acquisitions (and even buying an old dusty building for a new office space!), provide the necessary fodder for weak little pump and dumps for share selling.
And that's their real bread and butter.
Lateral moves --> bunch of nice sounding numbers in a PR --> quick price movement because they like to keep their O/S small for volatility --> dump 400 million or so shares between an 8 - 14 month period --> reverse split --> do it again.
By the end of the month, the O/S will already be 50% the size of when they performed their last reverse split.
It's not all that far away.
They will never pay off that Oasis debt. When it's time for that to hit, they won't have the liquidity or share price to support it.
It's a safe assumption to say a reverse split will happen within the next 8 months.
Traders may find flip opportunities between pumps and bouts of trickling dilution between now and then, but flipping a turd like this just makes big time bagholders out of people.
It's an unscrupulous trade, and an unscrupulous company not worth supporting. For me, to abed a company in pump and dump routines just for a quick buck only enables insider enrichment and hurts the market.
If this ticker was suspended this very second, ABCO would literally have to close up shop. Using shareholders as sacrificial lambs is their actual business.
You betcha. And can someone post those UAMM-CEO-bigtime-news-correspondences?
Never mind. Just got off the phone with the CEO.
He said there's nothing going on and BitKAM has zero affiliation with this ticker.
Darn.
Well, um... HUGE SHORT SQUEEZE COMING!! DA SHAWWWWTZ.
DA CHARTZ. LOOK AT DA CHARRRTZ.
It's... it's literally happening.
I agree, same empty-shtick-for-years. Insane. Nothing-but-a-pinkie-scam.
Like a very failed pump.
Lol, "bearish" sentiment.
Insolvent company that went public to dilute month after month by design due to knowing there's no chance at achieving profitability, continues to dilute month after month.
This is the only real "DD."
ABCO is a sham of a company.
Ya. It's really, really not hard to see.
This ticker is John's personal piggy bank.
Nothing will ever develop here. Pure scam ticker.
Insider enrichment scam. Nothing going anywhere.
Gotta be to get that certificate for one-lakehouse-downpayment.
Da Bermantor has super secret hedge fund investors just itching to buy out these billions of shares for "likely over a penny."
Lakehouses? HEDGE funds!? Santa's bottomless velvet bag full of toys for tots!??
Who can argue with THOSE kind of fundamentals!!
Better get in, like, now. Like, right now.
Nothing is pointing anywhere.
This is, has, and always will be a share selling charade.
Side bet; reverse split within next six months.
Over or under?
Yep. Everything here is insider-enrichment-garbage nonsense.
Spoke with him too. He said; nothing doing.
Share price, O/S, volume says; nope!
I actually don't see negative narrative here. I see observation of what has and continues to happen. Reality.
O/S, like it has in the past, keeps going up.
Share price keeps going down until, like in the past, trips.
So it would seem the fake narratives exist in the empty positivity desperately being spewed, and those empty narratives appear to only be getting put forth by the company itself and the baggies the company has bilked out of their money, both of which hope / wish / need / plead for the share price to appreciate so THEY can sell.
"Positive fake narratives to dupe newbs!"
Lol.
The conversation is chasing its own tail.
I keep reiterating the same things.
So... incredibly paltry dollar volume for the month?
Darn! I thought with all the pumping, it'd surely do more!
Pesky shorts! It's da pesky shorts!