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I didn't exit either.
But anyone who owns this stock must feel that the 75,000,000 shares for $3,750 is hard to swallow. That and the remaining 2 billion plus convertible. These are simply facts. It's not an opinion or a hype or a bash like so many posts here.
Thanks, nodummy, I’ve been wondering where you’ve been.
That’s a lot of stock.
The conversion rate has been shown at both rates, but this is the most current doc. (And I think the original doc had this rate and then a following disclosure had the .0001.) That conversion of 75,000,000 shares for $3,750 is hard for us current shareholders to take. Someone else pointed it out earlier today, but I didn’t see any responses.
The source is Data443.
Not an independent writer.
Good to post, with source stated.
Dr. Penny.
That has been a theory on here posted by others and makes some sense given the facts of the dirty shell, old shareholders like Chinese Co., etc.
But Jason posted IP of 1.5 million for Classidocs/Data443.
And the new shares to be issued of 1.2 Billion are also related to that purchase of Classidocs.
As is the new Convertible Note.
And the expenses are related to Data443.
If you’re making the argument that he can’t show revenue, he wouldn’t want to show that IP Asset of 1.5 Million. If we’re worried about claims on the revenue, the same or more would apply to the asset. There may be many reasons to not post revenues, but this report clearly is for Data443.
Yes abrantley, I am fully aware of that.
Did you read my last line that said it’s hopefully not going to happen?
My post was because you and everyone wanted to know why the fully diluted said 21 Billion.
I was simply replying to the “purposeful mistake” theory - that isn’t true. Make sense?
But also read the document related to the issuance of preferred shares and keep in mind that when they did that, they did it with shareholder approval. I know, right? No one asked us. Go back and read the document, if you want to see for yourself. The fully diluted number is simply a fact.
Like every other shareholder and liong, I want the company to succeed.
It’s just getting harder and harder to wade through all the non-relevant info., non facts that get posted as facts.
GLTA and have a good day.
Fully Diiluted Shares.
Please read my prior post.
This is not a mistake of any kind, let alone purposeful.
It is the potential Fully Diluted Shares.
It is required to be reported.
With 1 Million Preferred Series A convertible at 15,0000 Common, that’s 15 Billion.
Plus the O/S, plus the 1.2 B to be issued, plus it’s a weighted average. That’s the 21 Billion Fully Diluted.
Now that won’t ever happen - hopefully. But that’s the number.
Yes, that is correct. It’s stated right in the documents.
Fully diluted shares.
It’s in my previous post and in LuckyFinally’s also.
It’s complicated no doubt. I’d be happy to do the math.
Just let me me know.
As abrantley has said, the math is off.
1.5 billion preferred converts to 100,000 common, not 1 million.
FULLY DILUTED SHARES
Exactly Luckyfinally.
How much is 15,000 x 1 Million?
The 21 billion shares listed as fully diluted shares are not a “purposeful mistake” as some on here are saying.
Read the line description. It’s fully diluted shares.
Really?!?
I agree beast!
Brattle has his reputation on the line. (Of course, it'a an anonymous name on an iHub board, so there is that.)
Can't wait to hear the name of the Audit Firm and see the Audited Financials. This has been repeatedly, unceasingly posted by Brattle. If this turns out to be true, we will celebrate. And if not....?
Hi abrantley.
Again, it seems you are a reasonable moderator, do you DD, etc.
I do my DD as well, and am long LDSR. I want it to succeed as badly as the next person.
But there is a big difference (at least to me) if Ripple tweeted something, or if someone else did, or if Ripple was tagged. Does that make sense to you? I sure hope so. The main thing I was trying to find out was whether Ripple actually tweeted something - which many were saying, and posting as fact. And to me it is important to know that @BankXRP is not @Ripple. Ripple even has a tweet that says to watch out for imposter companies' claims.
It doesn't make sense that almost everything that's not positive opinion, speculation, hype or worse, gets so much negativity on this board. You would think everyone would want to have as much accurate information as possible to make the right decision. If you read my posts on this, I was looking for accurate information. Nothing more. Have a good day, and go LDSR!
You are saying it was tagged to them - by Data443.
I am looking for the tweets by Ripple that people on this board and FB are saying happened. I was trying to clarify that the tweet being posted was from @BankXRP and not from @Ripple.
Please post a tweet from @Ripple (or someone who works there) about Data443 (current, not from February), if there are some.
I am simply looking for verifiable facts - that Ripple tweeted 3 times about Data443 in the last few days.
You don't need to respond negatively if you can't provide the links. Okay? Have a nice day!
Yes, I saw that one back then.
I'm talking about the recent ones.
They are from @BankXRP, at least the ones I have seen.
Just looking for facts, as I imagine everyone on this page is doing.
RIPPLE on TWITTER
Hope we have a good day again today!
People here and on the FB page are saying Ripple tweeted about Data443 three times. Maybe they did, but I can't find it. Can someone send a link if true?
The account that did tweet is @BankXRP and they are not related to @Ripple. They are a fan of Ripple that took this name. The link that I've seen on iHub is from the @BankXRP tweet.
Uphold.
See my previous post regarding purchasing Ripple on Uphold.
You can buy it for USD on Uphold.
Then you don't have to worry about Bitcoin changing value quickly, which it does, or deal with the transaction fees when changing from Bitcoin to Ripple.
Uphold: First get approved which is easy and fast. Then link your bank account. Transfers takes 5-7 business days, and there is a daily limit. But you get the XRP price when you buy it, not when the funds clear.
Uphold also takes credit cards, but most US CC Companies no longer allow purchases of cryptocurrency due to fraud, the fact that it is considered a cash withdrawal on your card, etc.
I have purchased on Binance also, but Uphold was the easier and better site, IMO. Mainly due to being able to purchase with USD (without transferring USD to their bank account overseas).
It can be tricky. GLTY
Will be interesting to see how this all turns out.
Hope Desmond wins and stock recovers.
Have you guys heard of or been watching $LDSR?
Lots of great DD on that board. May be something you want to check out.
Considering GLNNF has given us such heartburn.
GLTA!
It's 5 Calendar Days for the Extension.
You can look it up on the SEC website, as I did.
Thanks for posting that!
Yes, elkonig, that is the way I read it too, and posted it originally.
Thank you for your reply.
I understand what you are saying, but there wouldn't really be a reason to authorize them if they are not going to issue them. This is new, and they filed it with SOS, and want the convertible shares for a reason.
Vote for Desmond.
I just did the same.
Everyone please vote!
All our votes are needed if this is to succeed.
Thanks, Tjainlv.
I hope this stock succeeds. In a big way.
The new piece is the 10,000,000 Series A Preferred Convertible Stock. It is a new piece of information. The rest of the restated articles may be the same (8.8 Billion Common, 50,000,000 preferred) but the 10,000,000 SERIES A Convertible for 15,000 Common Shares per SERIES A preferred share is brand new.
This has not been in any documents prior (that I have seen). Please read the Restated Articles. I have yet to see someone who actually knows (not speculation, not opinion, not sounding confident) explain it. Maybe no one on this board or FB actually knows. No Dummy does this for a living - maybe he can reply.
Abrantley
I am long LDSR, contrary to some opinions on FB.
Just looking for the facts. Facts, not hype.
And please don’t believe everything you.read on the FB page.
The Shares are “non-assessable” not “non-accessible” like someone there posted.
Those are two very different things. Please research that.
And again, I’m not concerned about the preferred shares per se, but the fact that they are convertible for so many common shares. And remember I said potentially regarding the conversion.
Like you, I wish we could have good discussions of facts without all the opinions and hype.
And please, I don’t even know what a paid basher is except for what I’ve read here. But I guess I hit a nerve with someone. Oh well. Hope we can continue the discussion.
Great work. Thanks for doing that and letting us know.
Restated Articles.
I’m not as concerned with the 50,000,000 preferred shares authorized.
It’s the 10,000,000 Series A Preferred Convertible (out of the 50M preferred) that are the issue.
This is NEW information. They just authorized this and filed the restated articles.
First time we’ve seen it. Understand?
Convertible at 15,000 shares of common stock.
I’m not even going to comment on people’s conjecture that he’s buying back shares.
And yes, in reply to another person’s post, I thought the same about the directors being ommited. Why?
No Dummy, are you out there?
I re-posted the Articles.
The Voting Rights are on Page 8 of 11. And yes, the Series A Preferred Shares vote on an "as converted" basis, which would be 15,000 to 1.
That doesn't matter to me. It's the conversion to common stock shares at 15,000 to 1 that's the issue.
Here it is.
Restated Articles of Incorporation.
https://www.sosnc.gov/imaging/dime/20180509/1b_47538051_3fa84c13001545d3b67d539104442f04.pdf
Sure, I will post it.
Where are you reading "Votes"?
The Restated Articles say "Shares". Nowhere do they say votes.
SHARES RETIRED.
I was hoping for shares retired also.
And would still be thinking that way, if not for the "Articles of Restatement for Business Corporation" Which were just posted.
Can you other posters who responded to Erin's post please read them?
ERIN. While I appreciate your response, I think you are missing my point.
Did you read the Restated Articles? Or my posts?
My point is there are 50,000,000 Preferred Shares.
Of those Preferred Shares there are 10,000,000 Series A Convertible Preferred Shares of Stock. The Series A Convertible Shares are convertible at 15,000 Common Shares per Preferred Share. That's 150 Billion Shares Potentially. (Regardless of how many Jason holds vs. how many others hold.)
"Conversion Ratio: Each share of Series A Preferred Stock shall be convertible, at any time at the option of the holder thereof, without the payment of additional consideration by the holder thereof, into Fifteen Thousand (15,000) fully paid and non-assessable shares of the Corporation's Common Stock."
If someone who's read the restated articles and knows what this actually means can answer, I would appreciate it. If I am interpreting it incorrectly, please do let me know. It simply doesn't make sense to me that there would be that many Series A shares convertible at that high of a rate.
AND THEN If someone wants to look at this, there's another clause on page 4 of 11
(ii) Reservation of Shares "The Corporation shall at all times while any share of Series A Preferred Stock shall be outstanding, reserve and keep available out of its authorized but unissued capital stock, for the purpose of effecting the conversion of the Series A Preferred Stock, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient to effect the conversion of ALL OUTSTANDING PREFERRED STOCK and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series A Preferred Stock (which of course there are not enough shares), the Corporation shall use its best efforts to cause such corporate action to be taken as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes..."
Series A Preferred Stock.
If you read the restated articles, it says there are 10,000,000 "Series A Convertible Preferred Stock" out of the 50,000,000 Preferred Shares. It doesn't say how many are issued to Jason or how many to anyone else.
This Series A Preferred Stock in this case is convertible. The restated articles do not talk about voting rights being 15,000 to 1. It talks about the Series A Preferred Stock being convertible to common stock at 15,000 to 1.
The Conversion Rate - each share of Series A Preferred Stock is convertible to 15,000 (Fifteen Thousand) shares of common stock. "convertible at any time at the option of the holder thereof" That's potentially 10,000,000 times 15,000 which is 150 Billion Shares. Just seems way out of whack to me.
abrantley Restated Articles of Incorporation.
You seem like a reasonable person who has done quite a bit of DD. I am long LDSR.
Did you read the Restated Articles and what do you make of them? I'm a numbers person, not a stock person. Some on this board are too negative and some are all hype. I haven't seen a post on the Restated Articles yet.
There were 8.888 Billion Shares Authorized when this started. Now there are 8.938 Billion, which is 50,000,000 more which are Preferred Stock.
There are 10,000,000 "Series A Convertible Preferred Stock. (Out of this new 50,000,000 Preferred I imagine.)
The Liquidation Clause - these 10,000,000 shares are worth .125 per share in the event of a liquidation, dissolution, winding up. So that would be $1,250,000.
The Conversion Rate - each share of Series A Preferred Stock is convertible to 15,000 (Fifteen Thousand) shares of common stock. "convertible at any time at the option of the holder thereof" That's 10,000,000 times 15,000 which is 150 Billion Shares potentially. Just seems way out of whack to me.
Somewhere on the board I remember a post about there being an additional 200,000 shares outstanding, an increase from the original 3.9 Billion OS, so that number is now up to 4.1 Billion OS. That may be in the restated 8K?
Restated Articles of Incorporation.
Interesting.
https://www.sosnc.gov/imaging/dime/20180509/1b_47538051_3fa84c13001545d3b67d539104442f04.pdf
BRATTLE - Can not wait to see that audit.
You've referenced it at least a dozen times that I've seen.
Better be true. But I will believe it when I see it.
Oracle.
Thanks for posting this article.
Why was it deleted?
Everyone who owns Glance stock should read this.
I still believe everyone should vote for Desmond.
I for one, am going with the hope that "a good company kicks on again and rises anew". And I believe it can only happen with Desmond leading it.
From the article:
"Eventually, all that early cheap paper was blasted out and the guys who get in early on these sorts of things got out early, leaving the stock cratering. It happens. It happens a lot.
Sometimes, when it happens, a good company kicks on again and rises anew. Most times, the founders take their big bank accounts and sit on a beach sipping floofy cocktails, either passing the deal on to someone who wants to actually make a company out of it, or letting it burn for warmth."
Very good article by Chris Parry.
https://equity.guru/2018/05/01/glance-pay-get-c-execs-determined-drown-penny-green-fire-gallons-gasoline
Thank you for posting this.
Great information.
Hope all vote as suggested in Glance letter below.
Dollar Land.
I would agree with that IF there weren't 4 Billion Shares Outstanding.
Dollar land would value the company at $4 Billion. Isn't going to happen.
If the O/S Shares are retired, or that number is reduced somehow, or if it's just incorrect for some reason, then that's a different story.
The latest NV filing (the one that shows LDSR reinstated in Nevada that everyone has been posting) shows 8.8 Billion Shares Authorized.
And on that note, all it shows is that LDSR has been reinstated in Nevada. It doesn't deal with the number of shares authorized or outstanding, the Chinese company, the restated 8K, employment agreements, the convertible note or anything else. So we should all wait and see what the financials and the next shareholder report shows.
I know some are convinced that this is all being taken care of, but there is no proof from what I have seen. Hope it is true and there is only good news coming.
VOTE FOR DESMOND
You can say what you will Atlas, without any proof, so to me that's all just "in your opinion". I've done my due diligence and will be voting for Desmond, and I feel that anyone who has done theirs will vote for him also. I'm not saying he can right the ship, but I would rather have him than Penny.
I've read the article on Penny that the investigative journalist from Canada wrote. Looks like white collar crime or fraud or scam or whatever you would like to call it. And we can all see it here with the numerous paper companies she's involved with that are tied to Glance. People get away with this kind of thing all the time. Think about the derivative mortgage debacle and the Wall Street crash and how no one was convicted over that.
We shall see in the end, right? I quoted an article from a reputable trade magazine regarding Desmond and PaybyPhone.
Maybe you should reference similar proof for your posts? Then I would at least consider what you're saying.
Those are former officers of Landstar, Inc. (when it was under prior ownership, back when it was involved with oil and gas equipment) prior to Jason buying the shell. They also could be staking a claim to the shares of the new LDSR/Data443. Look at the re-stated 8K where it talks about employment agreements with (old) employees, and at least one of these names comes up.