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From the Tweet:
"We will be a fierce competitor of Electronic Arts especially with our unique content!! "
Hahahaha....sure. The only thing "fierce" is the dilution.
I haven't sold a share however I don't believe the CEO.
Results or its all nonsense.
Scoutmaster, from what I've gathered (and I can be wrong), the 40,101,702 restricted shares are the CEO's. There was an increase of restricted shares to 61,351,702 once this year but that quickly went down to 40,101,702 restricted shares by the next "dilution time."
My guess is those 20,000,000 shares was some sort of salary and/or compensation for the CEO. Again, I can be wrong there. At .004-.006 around that time, 20,000,000 shares would be $160,000 to $240,000. I know its a large range and its also my educated guess.
We'll see. I'm not as sanguine as you are.
If it reverse splits 1,000,000 it will go to one. Someone who owns 50 million shares will wind up with 50 shares at $1.
I'm hoping that USRM "reinvents" itself somehow. Of course, the California case is important as well however a good business plan would help USRM as well.
Yup, more dilution to the tune of 18,750,000 shares added to the float.
Goooooo PSRU (notice the sarcasm).
Ok. Thanks for the clarification. It certainly makes sense.
Probably see another 1:5000 reverse split again..LOL!
"Could be", "should be" doesn't cut it with this company.
Dilution the bid deal here.
Uh oh, another 60 million shares added to the float.
Sitting at 1,143,843,251 outstanding shares.
Gooooooooo PSRU!!
Yes, I have been tracking the numbers for quite some time. Looking at past 10k's/Q's, etc. one can see who some of the "bag holders" are.
Its an OTCBB the so I don't tend to put a lot of money into these stocks. Too much risk for my appetite.
Thanks for your response, appreciate it.
Your concern about PSRU being a "jack of all trades" might be their undoing. Focusing on maybe a couple of "core projects", letting them get revenues and/or profitable then moving forward with other projects IMHO would've been the more prudent business decision.
Your concern is valid as one can see how much PSRU is spending to try to become "jack of all trades".
I don't think the CEO is an outright scam and/or fraud, however IMHO he has one too many "grandiose plans" and unfortunately this has led to one too-many costs/expenses, thus constant and continual dilution.
IMHO some good ideas however very poor implementation.
The CEO also should be transparent and we haven't seen it. All we see are lots of PR fluff and hype.
Like you, I won't sleep if my investment goes to $0 however even if I've invested $1 dollar in this OTCBB company, I have a right to know what's going on. Especially given how much PR we've seen.
Regards.
IMHO he's simply going to "tune you out". There aren't too many shareholders as it is (IIRC, it was only a couple of hundred).
Like I said, I'm not too sanguine on this stock.
You stated "if it is handled correctly."
That's the problem. IMHO it has never been handled correctly.
There was a massive reverse split of 1:5000 just last year and here we are 18 months later, back to a billion shares and counting.
I posted back here back in March "expect to see a billion shares outstanding by the end of the year" (this is when the float wasn't even 200 million shares).
Unfortunately so far its been my call which has been the most accurate.
Hopefully he knows now people are watching him!
Thanks for sharing the update, very much appreciate it! Also thanks for taking the time to expressing your concerns which many of us have.
While they might not like your tone of voice, they should address the main concern you have asked them. Its not an "off-the-wall" question. In fact, its very pertinent to the company/stock/shareholders.
I can't believe they answered:
"Don't blame your pathetic life on the Company". That is NOT professional at all.
I have seen very few companies dilute, reverse-split and dilute again so quickly. Its that which bothers me.
Even though its an OTC stock, PSRU is a publicly traded company and investors have a right to know what's going on with the company - especially given all of the tweets coming out.
I have no faith in the company or getting my investment back. If I do...ok. If not, it will be a tax write off. Its really as simple as that.
IMHO they are the "side show" and while they make money, IMHO they are "skimmers".
The main person is the CEO who can issue shares, dilute, reverse-split, etc. As long as its for some "business running/functioning reason", it can be legally justified.
He's figured out the way to legally loot shareholders. LOL.
I'll second that.
Excellent job on getting your thoughts across! I share many of the same sentiments as you do.
If anyone knew they would be lying.
Great news..no (visible) dilution the past day or so!
Wait a few days...LOL.
That's what I've been saying. Its the rate of dilution which has been problematic for me, not the absolute numbers of shares currently outstanding.
Next time I see it, I'll make sure to save it. It's certainly good to have on hand.
On February 16th of this year, it was 129,793,650. Now I don't know if shares were diluted between the dilution in 2020 and the aforementioned date.
Hope that helps.
Regarding emails, I think that information was provided in the thread a day or two ago.
Its not the absolute number of shares which is the problem, its the rate of dilution which is the problem.
LOL....that's what I've been saying.
I "invested" in this based on the low float. Of course, we knew he RS'ed before and might dilute again however I didn't believe PSRU would be diluted so quickly and efficiently..LOL.
Tomorrow might be another dilution day...just guessing!
Fortunately I don't have a huge amount of shares however I am down.
As I've mentioned before, it might be a tax write-off on 12/31/2021.
We'll see.
I don't look at the float everyday however if what you have said is true then you might be right on the 500 million count.
While they have enough outstanding shares, we don't know the rate of dilution, etc.
Another 87,500,000 shares added to the float in the past day.
We are now officially above 1 billion shares (1,083,843,251 to be exact).
The dilution machine is running in overdrive. Now the question is will the dilution machine run in hyperdrive? Is another reverse split coming?
Life in the OTCBB, oh well.
While I've been stating a lot of dilution, I don't think they'll dilute that fast..hahaha!
On February 16th there was 129,793,650 outstanding shares.
Today, there are 996,343,251 outstanding shares.
For months I've been incessantly stating that there will probably be more than 1 billion shares outstanding before the end of the year.
Only a couple of people agreed, the other people here were calling me "uniformed", "you've probably never invested in penny stocks", "this stock is one of my best picks of the year", "this stock is going to skyrocket" etc..
Well here we are, at the cusp of 1 billion shares and we are only in September.
Don't be surprised if this stock sees another reverse split or further dilution. After all, there is 5 billion authorized shares.
Edit:
Here it is. Back in March I stated we'll probably hit a billion shares (actually earlier however this post is from March).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162910415
Quite possibly. These stocks are rarely for "long-term" holding.
That's a lot of money to put into one never-ending dilution stock.
I have about 100,000 shares and that's about it.
That being said, I sincerely hope this stock skyrockets and you do well with your investment.
Shares have been diluting continuously the past 7-8 months.
There are easy ways to verify that.