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I've been trading otc stocks for 10+ years. I've held good and bad ones and I have made money on both. What I've learned is you don't hold otc tickers long term. Everyone of them puts out news like they are the next Apple or Amazon and none of them become that. There is a reason for this. Legit companies with world changing tech or ideas find venture capitalists to fund them until they have enough success to go public and raise public funding.
I traded sols from .03 to .37ish but didn't sell until it fell all the way back to the teens. I made a little money on it but nothing great.
The moment beavers changed the RS from 12 to 1 to 120 to 1 I sold and never looked back. I won't go into all the reasons, they have been listed here by multiple different people but I will say this to any perspective buyers and current holders. If you want to know if SOLS is a good investment simply look at there financials and you will have your answer. A company that only generates around $250k a year is not worth $800 million. There is no way to get around this fact or justify this market cap. Good luck to all and if you are still holding SOLS you'll need it.
NPPTF (Neptune Digital Assets), Debt free, 91m OS, $6m in rev last quarter, most undervalued BTC miner in the OTC.
https://neptunedigitalassets.com/neptune-digital-assets-hits-record-income-of-6-million-for-the-second-quarter-2021/
NPPTF (NEPTUNE DIGITAL) DEBT FREE, 91M OS, $6m in Revenue, BTC miner/stake. Trading for .30. Most undervalued miner play in the OTC.
yeah Stocktwits just picked it up and I have been helping the cause spreading the news. I just found it this morning and picked up 300k shares around .17. this is just the start.
Bluesky Digital is the most undervalued miner there is.
With BTC reaching 50k, this under the radar miner is going to skyrocket
Current market cap is 10m and they are making $12m a year. This is a no brainer.
This company is the most undervalued BTC miner out there. Current float is only 21m and the are making $1m a month in mining BTC.
WEll, I just found out why the price is holding up. For whatever reason there are no shares to short. I tried shorting it and shares came up as hard to borrow. So called Fidelity and they said it is too high risk and there were not shares to short for retail....I wonder if IBKR would let you short it.
Short volume is not a good indicator of the SI percent because block trades between tutes, whether they are buys or sells can get added to that volume. So short volume doesn't necessarily represent how many shares were actually sold short that day. Also day traders open and close short positions throughout the day. This artificially inflates the short volume as well.
That link is for the short volume during the trading day. Short volume just tells us how many shares were sold without a 1 for 1 delivery of the share. Short volume is not the short interest. Short interest is the number of short positions. SI is the important number.
This is now .03 pre RS. I highly doubt anyone still holding this is still in the green. Red is the only trip holder I know held after the RS and we know how he feels about this company. I don't see what anyone still holding this stock sees in it. Sub penny it had the possibility of big gains through hype in typical otc plays. However, it being multiple dollars now there is no real incentive to hold this. To double your money this would have to go to $8 and be valued at $2bn fully diluted. That is insane. Anyone still holding this has no business investing their own money. You would be better off going to a casino and playing roulette. Your odds of going home with a profit would be better.
I just read the 10Q multiple times to make sure that I wasn't missing anything. I don't have a dog in this fight anymore because I sold everything at .09 before the RS. However, I will let you guys know my opinion on the 10Q because the OTC is a cesspool and if you are going to invest in companies listed on it you should find every bit of information you can and regardless of whether someone is bullish or bearish you should listen to what they say in order to make a more informed decision. That being said. I would sell every share I held in this company as fast as I could. That 10Q should be a flashing red light to anyone looking at this company. The biggest issues is that as stated per the 10Q SOLS owns nothing. They buy the the Blockchain servers from EL and then resell them.
Also, stated in the 10Q is that EL plans on merging with SOLS but may not due to unforeseen issues.
"Eagle intends to merge with the Company; however, there can be no assurances, that this will occur."
The next red flag is their current balance sheet.
"As of September 30, 2020, the Company had a working capital surplus of $485 and negative retained earnings of $2,449,033"
"Subsequent to August 5, 2020, our funding has been provided by Eagle, a related party. Subsequent to the change of control on August 5, 2020, we generated revenue of $135,000 from the sale of custom servers to a third party; however, we did not record any profit on the transaction."
So this brings up a question. If EL is providing the funding for SOLS to conduct operations what are the terms of that financial relationship. It isn't mentioned anywhere in the 10Q. This 10Q looks like a 12th grader who just took a finance class prepared it.
This entire scenario with Don owning Probability and Statistics
(which we know is a profitable business), yet he creates Eagle Labs (who is the supposed owner of the blockchain server and it's intellectual property) months before buying SOLS in order to take eagle labs public however DON still hasn't merged the companies and HE OWNS BOTH COMPANIES doesn't add up. There is no legal reason that is stopping Don from merging them. So why hasn't he.
So basically when you invest in SOLS you are investing in a shell company with no assets other than what it buys from Eagle Labs with the money that Eagle Labs provides SOLS with. DOES THIS NOT RAISE RED FLAGS WITH ANYONE ELSE. Here is the problem with that. Don can sell the servers to SOLS, SOLS incurs all the debt of buying them and then reselling them while EL profits on selling the servers to SOLS with no overhead other than the production of the server. (which was not stated in the 10Q) So at this point in the business. This entire thing is a shell game. The question is why did he create EL to merge with SOLS and then not merge them and also why did he not use P&S to merge with SOLS. That part doesn't make sense. Also, since SOLS is now a public company they should disclose their funding terms with any outside sources. Simply stating that EL provides their funding is not sufficient.
The FINAL and BIGGEST red flag is the current valuation. Now that we have a 10Q there is no more guessing. SOLS is worth $135k as stated by their current assets. The question you have to ask yourself is, are you willing to value SOLS at $2.1 BN dollars (fully diluted) or $28 million (current OS) even though they have only $135k in assets. This is the equivalent of investing in a lemonade stand that said they're worth a $1,000,000 even though it makes $100 a month. If you wouldn't invest in that lemonade stand valued at $1,000,000 you shouldn't invest in SOLS either.
Finally, there will be dilution. It is stated in the 10Q just like every other startup. If you think that DON will be able to obtain financing valuing his company in the millions with only $135k in revenue you're crazy. So that leaves Don with only one option to finance SOLS...DILUTION, and as tiny as the float is if he sold only 1 million shares in equity financing it would tank the SP below $1. But I will tell you this their is no finance company that would give him equity financing at $7 a share, it will be more like .004 a share. Value of current Assets.
Once last thing...why is there 5 8k's submitted in 10 days.
Yes I stand corrected and apologize to the board. I just relooked at 8k and saw the AS is 12bn and not 15bn. I don't know why I got 15bn stuck in my head. And new AS after RS is stated to go from 12bn to 300m. Will it happen who knows. Everything else I stated I stand by it. Mkt cap does matter because short sellers will destroy it if it can't support its mkt cap. Moderators once again please remove stickies associated with my name. Good luck to all and I hope whatever you decide to do works out for you.
Current OS is 15BN. 15BN divide by 120 is 125mil. Not sure where you're getting your numbers from. So the new OS will be 125 million. Not 300 million. The float will be determined by how many shares are released for public trade. If they keep the same ratio as prior to the OS then the new float will be around 800k. 100m divided by 120. Neither of these numbers change the 1 bn market cap. The reason why the market cap is important is because if the RS was done today the new SP for SOLs would be $8.40. With nothing to support this price other than intellectual property and $500k in sales this stock will be shorted back to pennies. At a 10 million valuation post RS the SP would go back to .07. $8.40 to .07 is a huge drop. If there is anything in either of my post that are not valid please post those discrepancies.
As you all know I have done a lot of DD on SOLS, I have been here for a few months. I got in after it broke .02. I was not one of the PnD sub penny flippers. I started buying at .03 all the way up to .14, I sold everything at .09 for a small loss. As I watch read these conversations it reminds me of where I have been before in other OTC stocks that had a great CEO, story, product, and potential and I wanted to believe in the company and hold onto my position even though it was red in the hope that the company could somehow make it and I wouldn't lose all the money I had invested. I hope you guys know from my posts that in no way am I a promoter or basher of any company. I look at the facts and make a decision on whether to invest or sell. So here is my take on what is going on here with SOLS. Don bought SOLS from Lazar so that he could merge Eagle labs into it in order to go public and sell his product the blockchain server. Whats interesting is that he didn't merge P&S (which is a profitable company with revenue and value) instead he created a new LLC with no assets other than Intellectual property and the current production line of Archive Servers. So why didn't he merge his company P&S with SOLS. The only reason that is legitimate is because he didn't want to put it at risk with his new Archive service business venture. He is hedging his bets. So if the server business fails he still has P&S to live off of. I have no issue with this because, hey people need a way to make money and live. The reason I sold and will not buy back in even after RS until the share structure is finalized and it trades at a fair market value. Why is assigning a fair market value important to your investments? Because when all the hype dies down investors trade a company according to its fair market value. I'm not a fan of how Hedge-fun presents himself or his information because he sounds condescending and frankly just annoying. However, he has a point about putting significance into SOLS current market cap. With the new share structure and at a share price of .07 SOLS is valued at 1,050,000,000. That is a 1BN MKT and from what we know they may have revenue of $500k. Why is it important to look at this market cap. Because there is no investor on this planet that will loan money or invest into a company that is claiming a bilion dollar MKT with under a million in revenue. With current revenue and the hype around the product SOLS could maintain a MKT of 5 to 10 million and while some would consider that overvalued they could get away with it. So what does this mean for the share price of SOLS. It means it will start dropping until it reaches fair market value. The only reason it has held up so well thus far is because of the hope the retail investors have that through some miracle people will think that SOLS is worth 1 BN dollars. So if you want to know where the share price is going here it is. SOLS should be valued around 10m (even this is a high evaluation) so with that evaluation we can determine the future SP. 10,000,000 divided by 15BN =.0006. Let's give SOLS a MKT value of 100,000,000 divided by 15BN =.006. finally even if you went against logic completely and gave SOLS a MKT of 1BN you get 1,000,000,000 divided by 15BN (OS) you get a share price of .06. The problem is there is no way anyone other than a handful OTC traders would give SOLS a MKT over 10million which means the SP will go back towards .0006 pre split and roughly .07 after RS. I have lost close to $300k trading in OTC on companies such as SOLS. So I am presenting this information not to dissuade anyone from investing in SOlS, but to provide information to give current investors/future investors a picture of what is going on with this company. Your money is your money do with it what you see fit.
After once all the selling stops and price settles. Usually a week or two after actual RS. I've been in a few of these and they aren't fun. Good luck to all you guys. I'm watching on the sidelines waiting.
Who is Jeff badders. He is not listed on the company website but he owns 39% of the company. Thanks for any info.
The turn of events here is frustrating. I'm just trying to comprehend how David Lazar and Don Beavers didn't have this 395 million restricted shares that the last CEO held addressed when Don bought this shell. As far as the SOLS Company goes it really doesn't affect them going forward but all current shareholders just got their investment here destroyed by the new RS. Just venting my frustration with the current events here as I know a lot of others on this board find themselves in the same situation. Good luck to all still holding.
On this we agree....
In my opinion this is a very long hold 5+ years. They appear to be a legitimate company with a legitimate product (blockchain server). That being said I sold because no new investors are going to touch this because of the ambiguity surrounding the share structure going forward which will cause the SP to tank when the 1/120 RS sinks in. Basically the old owner who owns 395 million shares still owns those shares (this was not stated in the filing, however that would be the only reason for FINRA denying the initial RS) They stated they denied the original RS because they could not account for/contact a significant shareholder from 2012. (395 million shares the old owner had). Because of this Don is forced to increase the AS in order to exercise his preferred shares. The AS is increasing to 15BN. Then after the RS the AS will go 125 Million. Which will destroy the old CEO's position (395million/120 equals roughly 3.3 million). But as you can see the old CEO will still own 3.3 million shares of SOLS for doing absolutely nothing other than owning the company that Don Bought. I sold because until they get this share structure figured out and complete the RS I feel the price will continue to go down, but like I said who knows it could hold. Crazier things have happened in the OTC. I'm just not willing to risk thousands on that gamble.
1/120 RS instead of 1/12 RS. AS increase to 12 BN before new RS. Basically the company share structure is a nightmare now and 120 to 1 RS will kill all existing share holders. Just from experience this kind of news sends these to sub pennies. I'm surprised its holding up as well as it is. Who knows it may hold this SP but I doubt it. That is why I sold. AT .09 I was able to save a few thousand dollars. IF it drops my loss compounds significantly. I sold and will wait for the dust to settle before I even think about getting back in. Good luck
Moderators can you please remove my DD stickies. I no longer want to be associated with anyone using my DD as a reason they might buy into this company. One thing I'm not is a pump n dump promoter of companies in this cesspool of the OTC. If I believe in the company I will promote it. Until this share structure mess gets resolved I'm no longer a believer/promoter of this company.
I sold for a small loss as I averaged up to .11. At this point I won't buy again until the share structure issue is addressed and finalized. I wouldn't be surprised if this drops to sub penny on this news, and I won't even be a buyer then. My 100k shares are now 800ish...lol. What a mess.
Don what are your thoughts. This is starting to look a whole lot like COHO.
Hedge any insight into restricted shares being forfeit.
I'm out for now until more clarification. Good luck to all. In my opinion there is no way those 395 million restricted shares that the original owner was given wasn't addressed when Don bought SOL, but those shares seem to be the "problem". From my understanding when a business went bankrupt those shares would be forfeit when/if new ownership took over. Also, the fact that this was a clean shell with all debts paid brings up more questions as to why the status of the 395 million shares weren't addressed when Don bought SOLS. Instead of this crazy 1/120 RS I would go the legal route and try and have those shares forfeited. Right now a 1/120 rs destroys current shareholders.
Yeah, I haven't posted for awhile because there is really nothing to post about right now. I bought a bunch and put it in the looong term part of my portfolio....5+ years. At this price buy what you are comfortable with and forget about it for a few years. Im still hoping it drops into single digits so I can add a lot more. I won't buy anymore until the RS though because more often than not the price drops before it goes back up. From what we've seen so far the future looks good here.
Anyone live next to Walter Reid...if so help the team out and go stand out in front with all the other people and hold a sign with RLF-100 on it. Every news channel in the country is out there.
You tube video states each server costs $45k to buy. Ashley furniture bought 4, the other company bought at least 1. So $225k sold plus $2k service contract. So $235k.
Interesting you tube video....well we know he's already made $220k in 2 weeks. Not a bad start.
Yeah, this is the perfect scenario right now...Price held well at .03, no dilution going on right now as evidenced by the daily volume and news imminent. This is where you load and then ride the MOMO. I'm looking for a double or better in the next 10 days...As always we'll see. All signs are leading up right now.
Also, you can tell by the daily volume that there is no dilution going on right now. So Buys will increase the price....
I'm not here for the company, I'm here because news always precedes notes, and then it runs for awhile. It held 2's really well. That's why I got in now. This week the price will continue to increase until the news hits then we run....Take some profits and repeat...let's see what happens.
Thanks, I'm counting on them being due Sept 19, means news will be out soon and this will run again...
If the note is due on the SEPT 19 start loading now...who cares if you are long or if they dilute. Everyone is here to make money. They can dilute all they want if the business plan is moving forward. You just have to decide if them diluting to pay for the business is something you want to deal with. I started loading last week and will load more at .03 because they will drop news in anticipation of the note being due...So we should see some kind of news this week. We shall see...
Articles are written by a biased author one way or another...if you trade according to what is printed in magazines/websites that are paid to print articles then you are in for a rude awakening.
Stay around until November and we shall see if the SP is higher than $6...Good luck.
Nice...two companies in two weeks. This is great news. SOLS is a legit otc company with a legit product.
In Mar of 2013 GME traded for $24, by Nov 2013 the SP was $55 in anticipation of the console releases. We are currently at $6. This is an easy double up from here if for no other reason than smart money is going to be flocking to GME in anticipation of the new console releases. Patterns repeat themselves, every trader lives by this, and GME has a pattern of going up around new console release. By as many shares as you can at this price and hold through NOV and you will have a good Christmas.
To further this point in Aug 07 GME SP was $39, by Dec 07 GME was $62 once again because of console release. So whether you like this company or whether you think its going to $0 in the next few years, the fact is that GME always goes up around new console releases. So if you want to make money get in at these cheap prices and enjoy your gains for the next few months.
GameStop reported total global sales of $3.68 billion in the 13-week forth-quarter of 2013. In Nov of 2013 the PS4 and XBOX one were released.
In Nov of 2020 the PS5 and XBOX S/X will be released. The 4th quarter of 2020 is going to look pretty good for GME. If they only get 2Bn they will have doubled revenue QoQ. The shorts are going to have a hard time standing against the tidal wave that is coming.
Also of note the SP of GME was $24 in Mar of 2013. By Nov of 2013 the price was $55 in anticipation of the new console releases. We are currently at $6, we will easily be at $12 by console release in NOV. If for no other reason than smart money knows that GME will go up around console release. So there will be an influx of investors as we get closer to NOV.