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Anyone see or have links to Me, Nh or PA TV ADS?
Seems like that was the only actual update...unless no one has seen the ads.
No way they would do that now that the fire has been lit.
I would imagine they will restructure/retire in a series of chunks to keep this thing popping.
imo
Would be nice to get news of changes to share structure. If SS was reasonable this would take off.
He already said in the past is it a 60 dealership group on east coast. Taking that into account it is not an insurance company or something big like that.
More of the same.
The complaint about Sift house are legit:
-It seems extra slimy. Which is par for the course.
Paying 100k for this awesome company that isnt even a licensed producer. Sketchy.
What is more plausable is Steve and friends starting this from scratch. Came up with the name sift house name. 100k will end up in ceo pocket.
Now negotiating for space for a company that doesnt exist, no license. That onci doesnt yet own. Sketchy.
Why would a company that doesnt exist get additional offers.
imo
Yield sign should have been off for the fins and update. Just stupid management.
Recent communication patterns are positive.
Nice to see an order. Positive.
OTC showing 35b AS and 27b OS. How can those positives overcome the share structure.
New management needs to address the share structure without R/S.
Website says 5b oustanding shares. OTC says 27b. Slight difference.
The marketing piece is why imo not doing QVC was the dumbest decision even if it wasnt profitable.
I also think a monkey could sell this into larger drivers ed programs which would be continous churn of 16 year olds. This channel could bring explosion of revs if the market was tapped.
Dealerships as the only channel for DD app doesnt appear to be increasing the growth rate and AR seems like a problem - magnified by the commision structure. Guess we'll see how the 2nd PL ads do if they ever come online.
We need to get to .01 and keep there for 30 days.
Should be easy with this company.
2nd PL for the most part is already a known quanity.
An auto group with 60 dealerships. Expected to eventually bring 2-3m annual revenue. Will be interesting to see if this gets done.
1st private label appears to be a nothing burger. Pharrell?
With respect to current events...yup old BS that means nothing.
Just nonsense pumpage which is just as annoying as the nonsense negative posts.
The PL deals so far are pharrel protection which Im guessing would be some sort of extended warranty company that google has never heard of and an east coast auto group with 60 dealerships - to be named when ads are released. If they make the company some money great but neither appears at this point to be a game changer.
imo the positives here are that the ceo has followed through on the last couple of items which hasnt always been the case. So a posotive trend.
If hexa/CO move is done soon(within a few months) then that comes with an AS share reduction as well which is good.
The one piece of information that would help that we will probably never get is the re-order rate of any existing customers.
Any link to add or dealership name if ad is out?
2ND PRIVATE LABEL
The 2nd private label is very close to being done. I spoke to the company yesterday and the ads are still not approved. I am hoping they will be done next week and I can announce the deal. I can tell you the details of the deal.
We are dealing with one of the largest dealer groups on the east coast with over 60 dealerships. The deal is 20 units in each dealership to start at $200 net to us, or $240,000 per month. This will roll out over a month. At present we have shipped 30 dealerships with the rest to be done in the next 2 to three weeks. They don't want to release until the ads hit the market. This will be the largest deal we have done and I believe it will add major revenue to the bottom line. In addition, we are in talks with three other companies regarding private label opportunities; two in Europe and one here in the USA
Share reduction has shined down the lights from distracted driving heaven and made a new believer. Amen!
In my head it was mlk voice.
Quin
It loses that value until investors raise the pps because they think each share should now be worth more since there are less shares.
In theory your correct that the near term bounce in the stock should reflect the reduction. Up to buyers to get it there.
TA and OTC now in on the scam. The web grows....the grasping today is funny.
The way I see it is Recently Berman is 2 for 2. Trend continues and they'll have less to grasp at.
Does appear to be a new positive trend.
Now Hexa and AS reduction.
Any ideas when reduction will be done?
Would have been a great PR if the share reduction was actually done.
He said it would be done. It wasnt. Thats just the facts.
PR
No reduction complete
Sell
Simple
May be done next week and that will be good. But not yet done.
When did we get the share reduction?
We got the PR but no reduction as of today.Thats just a fact. Not a bash.
I think many were looking forward to another item being delivered as promised. Kind of like Deleware.
But when he says it will be done this week and it wasnt then what are folks to think.
Could be why folks let some shares go today.
Cuz it doesnt appear to be done.
check onci profile on otcmarkets website.
Did he deliver today?
Thus far he delivered the PR but is the reduction complete? Doesnt appear to be updated yet though I think we were looking forward to that today. He has to understand by now the PR without the delivery just doesnt cut it.
In this climate of distracted driving a monkey could sell this product with little effort so not concerned about sales.
Concern he doesnt execute well. I think would have been green today if otcmarkets was updated along with the PR.
Anyone agree/not agree
Any ideas when reduction will actually be complete and reflected on otc.
Or smart money may see Ceo learned some lessons regarding saying things publicly that are not on track to come to fruition.
What has Ceo done lately.
Said Delaware would be resolved and it was.
Share reduction should be done this week - if it is then thats a new and positive trend.
This bodes well to keep the train rolling to the next station - hexa, 100% Ownership of Cogosense, private labels or whatever.
If he continues to deliver prospects are good.
Done next week seems pretty clear.
Why tomorrow?
Wonder when/if Berman/Cogosense evaluate the other products against patents. Rectify if infringing or license the IP.
No idea how heavy a lift it is to litigate infringement but interesting to see if it will play out in the future.
Right. It was listed at 329k since we have been checking. Steve said the final payment was done. the next day it was still listed until sometime in the afternoon until the system updated. No longer listed.
Delaware tax office is part of the grand scheme as well???? Numbnuts is the first thing that comes to mind when continuing to whine about Delaware - its done numbnuts!
To keep the train rolling the reduction is the next step. Until it is done that is the only appropriate ammo for the numbnuts to use.
Yesterday morning the del website listed 329k owed. Later in the day zero owed. Took some time to be updated but it is done.
On to common share reduction while continuing to grow revenue.
That would be sick for all that stuff to hapoen that quickly.
Thought it would soar when Delaware fully paid next week but nice action this week. Be nice to keep momentum going.
Been in the boat for a couple of years. We'll soon see how much longer.
Believe is not a sensible option given track record.
Knowing is acceptable and this is an item we can confirm once it is done.
If/when done then some credibility and confidence will be restored.
when we see some 50m+ volume days we'll know there is renewed interest.
If Del actually gets done by year end it may be enough to sustain momentum.
It can be verified.
Website lists 329k today.Thats what it has been for a while so Im assuming does not take into account the updated arrangement or this weeks payment. Will check back a few days after SB says it is done.
"paid off completely" - Gut tells me this wording indicates it is not a 1 time payment and reduction could be a ways off. We'll know by early January.
Sure there is a difference.
Sales are total contract value - what was sold.
Revenue is the % of that contract whete the product or service has been deliveted.
its on etrade...
No. We dont but 329k is what it is now whether that is the original or the adjusted.
Would very much like him to follow through on this one to start things trending in the right direction.
Curious how he plans to pay 329k Delaware debt. Ill be glad if it gets done but seems like a big nut.
Cash?
Dumpage?
Smaller installments?
Not. Aegis was the old company before cogosense.
Old news