They've had that technology for several years and still haven't commercialized (or made money from) it. In this time period of an electric revolution that is highly questionable.

Yeah all their revenue was supposedly from learning track, and I don't believe them.

At least the government loses out on some money. Although they can just print it.

If that's truly the case then this stock will bounce back to maybe .002 and I'd be getting out completely, cuz that's just straight up incompetence or manipulation.

One reason I doubt that it's cancelled is because he went through with it on his other company.

It's Not terminated.. it's still in the process according to what Mark said their response was to him asking last week.

Have they changed auditors consistently even with MPhase over the past few years?
I know Verus has had problems.

Let's say this company is Not faking it to make it..
Well 3 cents would be a sweet price for a value Investor here.
This company should get bought out cuz it's tech and way undervalued in theory.

You've have PMs with Anshu?
Give us a hint of what he said and the tone you read?

Too salty

FYI Anshu is being sued by ex Executive Vice President/CFO of MPhase, Martin Smiley.

https://www.pacermonitor.com/public/case/36250067/Smiley_et_al_v_Bhatnagar

Wouldn't be surprised if they canceled it soon after them and their friends finish scooping up shares..
Also pumping it with some ok news like the NFL deal..

I think the management plays games, so do the traders here and market makers of course..
Last time it went down to $.001 and then bounced to $.003 after news of the Meijer deal, etc..
Before that it was the TAM deal that made the price double after it had gone under a penny.

I suppose their audit firm is blaming Covid 19 and the holidays and Verus delays.

The company would be worth 50 cents, if they actually file their financials and if their financials are still good like last quarter.

Or they are intentionally running a poop and scoop on both stocks.

Learning Track looks a bit like a scam.. They don't have any real customer reviews and who knows who their actual users are..
Travel Buddhi and 21:32 aka CloseComms appear legit.

They've owned this smart battery tech for over a decade and still can't figure out a way to commercialize it? Especially during this day and age LOL

MPhase has Glassdoor reviews and it seems they have problems paying out salary on time.

Ridiculous.. I sold a few months ago because of them failing their fiduciary duties to shareholders.

Just a bit of professionalism, but these guys either like to play games, are running a scam, or are so incompetent that they can't ever do their job right or in a reasonable time. All 3 things are pretty bad.. The only reasons I'm invested here are because of what I lost in Verus, and this company supposedly operating profitably, with much better margins plus business outlook than Verus IMO.

It's ridiculous that is has taken this long to finalize the data they've had for over two weeks.

Thank you

Is learningtrack.com a scam?

That's because they own Big League Foods.

They must have spent all their profit fast, why else would they have defaulted on that note recently?

Yeah all these pumpers came on board when they noticed the lower float structure of this horrible company.

Here .. wasn't here last year when Verus was overvalued.
Definitely here now when it's undervalued

Yes just scrolled through it and saw that, Thanks..
Of course the Reverse Split itself doesn't alter the number of Authorized Shares so it sounds more like a disclaimer.
When PACV did their Reverse Split last year, they didn't change their AS and that was stupid.
Companies with a bloated share structure that don't also adjust their AS (and Not necessarily proportionally) after an RS make a big mistake and can't be trusted.

Verus better be getting that AS much lower .. 500 million or more is way too high.

They will have to lower it for tax purposes alone, but there are other reasons.. What part of the Pre 14C or Def 14C are you talking about?

But the market cap for it with similar revenues to Verus stayed above $2 million. Verus would have to have at least 75 million AS post Split and use most of it to get it to where 3 cents is a realistic, bottom-dollar stock price... Diluting by 6× the O/S.

Hopefully Verus's adjusted AS after the Split is 25 million tops.
If they do something as high as 500 million.. oh heck no!

That will only be possible with extreme dilution. 3 cents with just over 10 million shares outstanding is a $300K market cap and Verus would get bought up so fast that it wouldn't last.
It wouldn't get there in the first place..
Look at XDSL and see that their bottom was around a $2.5 million market cap.

It's just tax loss harvesting at an opportune time.

The shared office At Launch Workplaces.. sounds like it's resourceful and frugal.
Verus doesn't have that many employees Nor does MPhase need that many people at that particular office location.

Hopefully we see the Def 14C by End of Day Friday November 6th.. this week folks

Agreed..
Maybe he will buy shares once a month..
And Maybe for Pachyderm Labs.. the exciting news/update is really only about the ElephantHemps website that it Not quite finished yet.

I wonder if Pachyderm Lab's Elephant Hemp and U Try CBD are simply private labels from Spectrum Labs booth 606?

You have access to the vendor list?

Probably listed under Elephant Hemp or Just CBD

Why.. just to show confidence??
But it doesn't make sense to exercise the warrants when you can buy off the market much cheaper.. Plus those warrants would add more Outstanding shares to the mix once exercised.

Sounds like an Immature millennial? And I'm one too, but our generation is immature and unprofessional sometimes.
We are often bad procrastinators too

Probably stabilize in the .002s range after a decent Q3. Maybe build up slowly to $.005 by the end of the year after some up and down bouncing.

More like side steps.
1 step forward and 2 side steps.

But did their company grow in the past 6 months? Did they use the money for their new Texas Facility and other business operations? Public Companies borrow/raise money by issuing shares on the stock market, that's why it exists in the first place.
Dilution for growth is definitely not the friendliest strategy for shareholders, but business wise it may work.. And whether or not it works in the long term for this company, remains to be seen. If and when this company becomes consistently profitable, then maybe it worked out after all.