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https://inovationsholdings.com/ no longer exists. The website has been removed from the internet.
Reverse Splits are generally a bad sign because all they do is artificially boost a company's share price. Just an accounting trick. The company isn't any more valuable than it was before the reverse split. Whatever value it has is just distributed over fewer shares of stock, thus increasing the price. Its math, not value.
In a reverse split, a company cancels all of its outstanding stock and distributes new shares to its stockholders. The number of new shares you get is in direct proportion to how many you owned before, but the number itself will be smaller. In a 1-for-2 reverse split, for example, you would come out of the split owning one share for every two you owned previously. If you owned 1,200 shares, for example, then you would wind up with 600 shares.
The company's market capitalization -- the total value of all its shares stays the same before and after the reverse split. Examine a a 1-for-4 RS, if you owned 100 shares at 50 cents apiece before, now you own 25 shares worth $2 apiece. The total value of your investment remains the same: $50. Nothing about the company has changed except the number of shares outstanding. The balance sheet and income statement are exactly the same before and after the RS.
Exactly. BB impossible and RS is a ruse to get suckers to buy shares since the suckers don't understand the math.
A buy back is only possible if the company has access to cash to do a buy back. Thus a buy back is impossible in this case.
A stock buyback is not the same as a reverse split. In an SB, the total value of shares outstanding decreases; in an RS the total value of shares outstanding stays the same - in penny stocks, an RS is just a smoke screen used to create a false impression that each share is worth more than before the split, when, in fact, its not.
Reverse Splits are generally a bad sign because all they do is artificially boost a company's share price. Just an accounting trick. The company isn't any more valuable than it was before the reverse split. Whatever value it has is just distributed over fewer shares of stock, thus increasing the price. Its math, not value.
In a reverse split, a company cancels all of its outstanding stock and distributes new shares to its stockholders. The number of new shares you get is in direct proportion to how many you owned before, but the number itself will be smaller. In a 1-for-2 reverse split, for example, you would come out of the split owning one share for every two you owned previously. If you owned 1,200 shares, for example, then you would wind up with 600 shares.
The company's market capitalization -- the total value of all its shares stays the same before and after the reverse split. Examine a a 1-for-4 RS, if you owned 100 shares at 50 cents apiece before, now you own 25 shares worth $2 apiece. The total value of your investment remains the same: $50. Nothing about the company has changed except the number of shares available.
Smoke screen- that's all.
$DNAX 2017 3RD QUARTER REPORT filed yesterday that shows:
1. Address that appears to be a vacant office in between a Tattoo Parlor and an Escape Room. 3577 NW 9th Ave, Oakland Park, FL 33309.
2. Almost 16 Billion shares outstanding.
3. Millions of Preferred Shares that are worth over 100 times what the common shares are worth and that have priority over common.
4. No employees other than Adrian McKenzie.
5. Essentially zero assets and almost $1.8 Million of current liabilities.
6. Over $30 Million of Accumulated Losses since company started.
7. Over $250,000 of losses from 1/1/17 through 9/30/17.
8. No Revenue or sales at all from 1/1/17 through 9/30/17.
So exciting!!!!!
Here is an example of a BC ATM so you can see how it works: http://www.businessinsider.com/how-to-use-a-bitcoin-atm-2017-9/#heres-a-shot-of-marios-1 Here who is line for the money that that the ATM makes: ATM equipment owner; ATM equipment finance company; ATM location owner; ATM distributor; ATM distributor commission salespersons; ATM distributor option holders; ATM distributor execs with deferred comp; ATM distributor preferred stock holders and then . . . common shareholders of billions of shares outstanding and billions more to be issued. Even if DNAX had any revenue, assets or employees (which it does not), you will never see a dime on this. If any of you think you will make money on this, I have a bridge to sell you . . . .
No transactions, no money, no employees, no experience, no revenue, no assets, no office - just PR's promoting any "business du jour" so stock can be issued and the proceeds pocketed.
No transactions, no money, no employees, no experience, no revenue, no assets, no office - just PR's promoting any "business du jour" so stock can be issued and the proceeds pocketed.
DNAX Office Sign Picture attached - this picture is photoshopped. There is no office. Get a clue.
3577 Powerline Rd, ZIP 33309 on Google Maps - they do not have an office, employees, assets or any experience in any industry. They deal in Press Releases. Hello?
Obviously, Motley Fool did not "forget" that DNAX represents a whole $2,000 of their $1.2 Billion portfolio - I was being sarcastic to those who think that this somehow validates DNAX - a company with no assets, a negative current ratio, no employees, no experience in their purported businesses and no institutional investors other than MF. Their real business model is to issue new shares to those who would buy them and then they take the money - without even a dinner and a movie first. There is a difference between Motley Fool and just the Fools. Its comical.
Motley Fool has a portfolio worth over $1.2 Billion. Its investment in DNAX was made over 2 years ago and is worth only $2,000. Or, to put it another way; .0001% of its portfolio and only .000001 out of every dollar they invest - statistically insignificant. They have probably forgotten that they even own it. Their "investment" is not an endorsement.
This company has no revenue, no assets, no employees, no relevant experience and its seems like you are all just trying to time the pumps and dumps to make $10 every now and then. What a waste of time.
Yes - that's him, Not a crypto expert.
Clue is just someone with a clue.
Clue is just someone with a clue.
DANX Howard Ullman is not an attorney
That's because his actual name is Howard. He recently filed for Bankruptcy and then withdrew it. He also is not responsible for Capstone's growth - the executives are. He was on Capstone's board because he was involved in the OTC stock that acquired it - he is no longer on the board. He has no business experience with cryptocurrency or ATM distribution. Figure it out.