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It's Will Smith , abandon ship!
The A/S is just 3% higher than O/S. When O/S updates it could possibly be 3% higher. How is this "endless" shares? Look at daily volume for past year. Highest volume day since the PPS was .04 was only 11 million. In January this stock saw 6 straight days in a row of volume from 45m to 120m, 4 of those days were over 100m in volume. The low volume this year is the reason for the downtrend, the lack of buyers. Not just for AXXA but basically 98-99% of OTC stocks. You can say all you want about your OPINIONS about what the company is doing, has been doing or wants to do but the FACTS are right there in the share structure and charts.
This is not true, but if it were, I would buy even more shares knowing the more oversold something gets the bigger run it can have.
Who are you talking to? I know the rules. You are talking about law for no reason? What's done is done, someone is buying and selling shares to themselves or people they know working together to manipulate and make people believe there's lots of shares for sale or to buy.
Again, dilution here is extremely minimal compared to other OTC stocks.
LOL rules are always broken. They can only prevent or detect people that sell to themselves if the accounts are registered to the same person. Not difficult to get around that.
600k buy at .009, congrats to the buyer for getting an extreme discounted price. Unless of course the buyer was also the seller trying to manipulate the price just like he did around .012
CEO says price is down due to bear market. I 100% agree, the same price action has happened with most of the OTC stocks I follow, at or below 2 year lows and not much sign of moving up in these conditions. These days people need to sell shares to pay their bills, and cannot afford to buy back shares.
What does the company have to file to gain solicited quotes? That may be deterring investors and traders from buying.
Say goodbye to trips forever?
Awesome, PR incoming hopefully today
What does Bigger have to say about this? Anyone have a link?
100% Agree
Did I say "or assets"? Money is not the same as assets.
With unaudited books, sure you might be right about that, the asset dollar amount is very fishy, but they are pink current and reporting lots of money and taxes must be paid on those reported profits, and 7m market cap is a total joke, the risk outweighs the reward and even if it doesn't, this is the OTC and even the scammiest stocks out there eventually get attention or market makers will pump the price.
Ok if you've been doing this a long time that's even worse. You should know the price drop it has already made to a penny is way too much for 25% dilution over 12+ months. The stock is way undervalued and the fact they have hardly diluted compared to most OTC companies means it is going to pop up especially with newly release numbers. Doesn't matter how many millions of shares are getting sold they will be absorbed up and the stock will run as long as they stay current and don't flood the stock with 50%+ dilution IF they raise the A/S. For now it's a safe play under .02.
You should also know with your experience that very few OTC stocks have been making any type of run this year and some that run go right back down. Especially recently because buying volume is so low and makes it extremely easy for market makers to control stocks prices, so you can't make conclusions about anything a price might do with something so little as 3% dilution because this is chump change for market makers and big buyers that might decide at any time to invest in a company with 50 million in annual revenue and highly profitable.
you think going from 662m to 680m max is a lot of dilution? LOL. I could care less about raising O/S 3% as all that does is make our shares worth 3% less. The stock price spread is 5% so 3% makes no difference. You must be new to penny stocks.
Are you talking to yourself?
Why does it matter how much money they have?
Yea really LOL. Most people post like this to try to tell others they are right. To most people, choosing whether to buy or sell is all about being right, winning and losing, they are just players in a casino, not investors or pattern traders. They have to reason with stock prices and make explanations about why a stock price is up or down, when most of they time they will be wrong. Nobody knows who is buying or selling or why they are buying or selling. Also nobody knows when buyers or sellers will come in. Bottom line price means nothing about a company especially when the company share structure has not changed.
Do you guys who doubt this company realize that whether or not reported earnings are audited, taxes must be paid? Why report millions in profits if you can't afford to pay the taxes? This company is posting consistent NET profitability with huge sales and profits relative to market cap. Share selling scam? Then why hasn't the O/S increased much in the last year and why haven't they raised the A/S? The pps dipping briefly below a penny makes me smile because I know exactly what's going on. Buy orders in!
LOL nice post for someone who sold their shares and trying to get cheaper ones.
LOL .02 is basically a certainty, no luck required. .08 might require a bit of luck to hit this year but likely in the next 12-18 months.
Interesting and unusual activity today ... hidden large bids showing 10k and several repeat large execution at 0009. I'm guessing it's market makers sneaky loading methods.
Maybe 20-30%
So close
How can that be when they just have 1.8 million in liabilities?
Shares not dollars
Form 1-k just filed
Summer started, you know.
In all 3 cases, if any are true, the PPS will go back up as long as there isn't a reverse split and/or the Rolling Dunes property closes or an announcement is made of the new closing date.
From Microcap Daily article:
"in which SYSX will sell Ostendo 75% of its Ethereum mining assets and certain associated property for $68,400,000 consisting of 7,291,667 shares of Ostendo preferred stock. This will give SYSX a $70 million stake in the Carlsbad, California based Ostendo".
The only thing that has changed is the number of shares. SYSX is getting Ostendo preferred shares in exchange for their ETH mining assets.
You should read the 8k again. Pay attention to "Purchaser" and "Seller". Who do you think is the purchaser and seller?
This statement is a default statement you will see in many quarterly/annual reports. I've seen it so many times and it really means nothing, it's literally copy/pasted , generic wording that's required to be put on the report.
They won't do anything with 45 million dollars because they are not getting 45 million dollars, they are getting stock of Ostendo worth around that amount.
4.7 million shares of Ostendo goes to Sysorex, valued at $45 million dollars of Ostendo. Sysorex is not giving Ostendo shares so that $10 per share value is the value of Ostendo stock.
Somehow I'm able to buy with Etrade (usually cannot buy expert market or CE)
What do you mean the 8k is using post revere split numbers? Which numbers?
MSTO Market cap @ .0005= $540k...
WAY undervalued especially after closing the rolling dunes property and becoming current again. Real estate closings usually have delays in this market, I suspect closing the property had some sort of technical delay or something that came up and they are trying hard to close it. No clue about the late filing though, but no reason to think they won't file and get current, therefore no reason not to buy trips!
Awesome someone just sold me 0006's. This is going to bounce hard, not wise to sell from emotion and impatience. But I'll take all shares anyone wants to dump under .0006