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Correct. I estimate the company made $5 million yesterday. They threw us a bone allowing us to sell at .051 yesterday. Otherwise they sat on the seemingly unlimited ask all day. They let us out at double. That’s it. It won’t happen again.
Thanks guys, it was fun. GLTA longs.
ASUS
2019 shaping up to be a buyer’s market in real estate. Hopefully they wait a while before pulling the trigger.
Yep. But might not fill the gap for days or weeks.
Gap at .047
HUGE seller at .051. Gotta be the company. Millions of shares being dumped. Ugh
When hemp goes legal expect gap up for HEMP!!
.05s coming up!! .04s dropping!!
Lots of HEMP buyers going to crash the internet when the US federally legalizes hemp! It’s going to be talked about on Good Morning America, CNBC, every major news station and media publication for weeks!
.05 coming up!!!!!!!!
Bye bye to all those who flipped out of HEMP! We rise from here.
I agree! Many small investors will grab HEMP because it’s an easy find. Looking for a hemp stock? Look no further then HEMP itself. Also, this isn’t just industry news, this is the president tweeting about it kind of news.
Can you name a stock in the past that had that pattern?
Thanks in advance.
ASUS
I would not want to be out. Been doing this for too long. Missed many real runs because I took profits too soon.
You think that was the run? Ha. It’s not even legalized yet. You’re out too early imo
Profit takers are going to try and get back in and will miss the cheapies.
Headed for another R/S it looks like. Good grief. I had high hopes here.
Thanks! This is the information I was looking for.
According to the IBOX:
Shares Outstanding-Common 754,027,180 a/o June 30, 2016
Authorized Shares-Common 5,500,000,000 a/o June 30, 2016
Also according to OTC: https://www.otcmarkets.com/stock/hemp/profile
Shares Out 754,027,180 06/30/2016
Is this not correct?
Oh wow, so this woke up from the dead? What does this business do now? Is it "VR?" I doubt it. 360 video is not VR. Calling 360 video VR is not correct.
The address listed on BCCI's latest filing is: 411 Washington Ave. N. Kent, WA is now a used car dealer, but also list this location as the BCCI management office. Goofs didn't even bother to paint over their brand, just start selling old high mileage cars. OMG
https://www.google.com/maps/place/411+Washington+Ave+N,+Kent,+WA+98032/@47.3841933,-122.2475171,3a,60y,272.28h,90t/data=!3m6!1e1!3m4!1sDt6SqwgCeJwro4sSrdEStA!2e0!7i13312!8i6656!4m5!3m4!1s0x0:0xca37bc9c996f82e9!8m2!3d47.384182!4d-122.2480237!6m1!1e1
There is always more money for management when the idea actually turns into a real profitable business...opposed to selling shares for years in a death spiral. All of the pieces were in place for ReelTime Rentals to actually take off...BH would have become wealthy if it did. That's why I know it's not a scam, it was a failure.
The thing I don't like is that if I ask him right now how BCCI is doing, he'd try to convince me that it's phenomenal. "Big things happening." That's the salesman BS that he needs to cut out.
BCCI was a failure. Bad management. Horrible, in fact. I know BH wanted it to work, but he's too focused on the money instead of the success.
I've only changed my position a couple of degrees. The main difference was that I wouldn't call it a scam, I called it a failure. I still think investors doomed it when they tore it away from BH. I also think they gave him an excuse for why it failed by creating a scapegoat in themselves. Over a year ago BH convinced me to buy more shares, so yes I'm pissed off. That convinced me that it's somewhere between scam and failure, there's overlap in those two things, I don't think it's only one or the other. So I've moved a little to your side.
The Evos The Glass website has also been suspended: http://evostheglass.com/
I'm going to make up some numbers for this example. There are 1 million shares outstanding. You own 100 shares that are trading at $1.00. The market value of your shares is $100 and the market cap of the company is $1 million.
The company incrementally raises the outstanding shares to 50 million. There are now 50 million shares and they sell so many shares that the stock price drops to .02. Essentially the market cap of the company is still $1 million because 50 million x .02 is $1 million. Except now the company has effectively sold all of those shares and taken the money to buy themselves expensive beach houses and become sugar daddies to young women.
The stock chart has trended downward for years, and the CEO has become a proven stock salesman and not much more.
Now they want to build another company and start all over. But they have to get rid of the old angry investors. So they file for a reverse split, 50:1.
The outstanding shares are now 1 million again and you are back to owning 100 of them, except they immediately dilute the shares back up to 50 million outstanding while awarding themselves 49 million of those shares and start selling them at .02. So you are left with $2 instead of your investment of $100.
Except this time there are a lot of old investors who will warn any new investors from buying the new stock. The CEO has tarnished his brand repeatedly and shown that he cannot build a business successfully. Stock sales come much harder for someone who consistently fails to bring value to investors.
The reverse split is not the problem. The dilution is the problem. Reverse splitting results with shareholders having the exact same market value for their shares. The problem is they will dilute the crap out of it, then do the reverse split.
If you have shares of RLTR, the market value will become 50 times more, but they will be reduced to 1 for every 50 you own. The company will also dilute heavily before or after the reverse split, essentially negating the first half of the equation. In the end, you will own 1/50 the number of shares you have now with not much value if any.
They call this "Reversing Out Old Investors." It's how the company will attempt to rid itself of those pesky investors who ousted the CEO 9 years ago. It is also the only way the company can probably get startup capital investors to buy shares at a bargain basement price with the sole intention of selling to the new investors for a premium who believe the forthcoming stories from the proven stock salesman BH.
I asked BH last night via Messenger:
"Baristas: No filings since April 2016. Is it dead?"
His response: "Not at all. Filings coming soon."
Then I wrote: "You guys are acting like you don't care about it anymore. Like you're giving up and moving onto something else."
Anything is possible. But the CEO Barry Henthorn is running around with a different group now making 360 degree videos, as is president Scott Steciw. Why, I have no idea. Who just up and disappears? These guys do, that's who.
They failed miserably here and they appear to be gone. No filings since April-2016 and the only thing left to happen is for the pieces to fall apart when the bills aren't paid.
I'm guessing they signed a non-disclosure and were let go by the board. I would also venture to guess that someone is either trying to run the shops and is pocketing as much cash as he can, or he's liquidating the assets. I have no idea, but it doesn't look like it's even got a heartbeat anymore.
Agreed.
They're filming, which doesn't seem like a positive to me. They're always jumping at the bit. Did they research anything in the past? No. Did they research the costume barista coffee shop business? Apparently not. If they had they would have realized that it's a loser. I mean, if they had done it correctly it could have worked, but they didn't even come close. Somehow they got richer anyway. Enough to "self-fund" the VR.
Have they researched the best way to get into VR? No. They just jumped in and started filming the first thing they could, Megs McLean. Nothing against Megs, but I feel they should be concentrating on being first at something unique. And I'm not confident that there will be any real innovations from this company no matter what they're now filming. They (especially Scott) has learned too well how to cash out shares on investors.
There are going to be promises, and it's going to end the same, with the principals cashing out and the investors paying for nothing.
Lastly, we will be reversed out upfront anyway. There is a "very strong financial partner contingent on reverse." From the horse's mouth.
Incidentally, I have an HTC Vive virtual reality headset. It. Is. Amazing!
Virtually boring: VR really disappoints at CES this year
Virtual reality promises to be a mega-trend that upends how we use computers and just plain get along. So why's it such a snooze at the world's biggest tech expo?
Call it a virtual disappointment. Or virtually unsurprising. I'll just say I was virtually underwhelmed.
Whatever pun you choose, the virtual reality industry has some explaining to do after this year's Consumer Electronics Show, during which the biggest product announcements can largely be categorized as "more of the same."
Virtually boring: VR really disappoints at CES this year
The website has been suspended: http://evolutionmobile4u.com
Three of Barry Henthorn's enterprises became inactive in WA this year.
1. ANFIELD LLC
2. HENTHORN ENTERPRISES, INC.
3. MEGS MCLEAN, INC.
A fourth enterprise associated with Barry Henthorn became inactive this year in NV
4. PRIME VECTOR, LLC
Baristas is still active
as is ReelTime.
Looks like he is really struggling. If Baristas had worked I doubt he would be flailing this way.
Three of Barry Henthorn's enterprises became inactive in WA this year.
1. ANFIELD LLC
2. HENTHORN ENTERPRISES, INC.
3. MEGS MCLEAN, INC.
A fourth enterprise associated with Barry Henthorn became inactive this year in NV
4. PRIME VECTOR, LLC
Baristas is still active
Looks like he is really struggling. If Baristas had worked I doubt he would be flailing this way.