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How do you explain the sells today? Peeps capitulating? I don't think so.
They are dumping remaining shares from previous AS.
MAXM in the house baby!
I think she is as dumb as we are to invest in this scam set by Angelo and his entourage.
You know to get back to 0.01, this needs to increase by over 1000% (roughly saying) which is an astronomical task for a company unless this is a one of a kind company to overcome tons of hurdles along the way.
You think traders are just going to put money and sit there until the price goes to 0.01? Plus you're talking about pocket money for Angelo by dumping the AS for vacations.
Not a good sign.
They'll have to release a bombshell news to step up the volume or else it will collapse on its own weight.
What do say about that?
Even if they do the RS and regain the status, it will only hold the sp only for short period. As you know RSs do not end up good, unless there are institutionals step in.
It will go back to where it was eventually, though many factors come into play, such as strong growth and acqui that may hold the prices up.
If they do reverse split. Then this is toast.
Then you're saying that the Bagholders are selling at loss? No kidding....
All i'm doing is talking facts, and facts are reflected in the sp, which seems either currently stalled or soon heading to a downward spiral.
I'm just being careful with this company and trying to be for real.
I think the biggest concern for everyone is the huge 8B AS. Before that release, this stock was holding pretty good.
Dilution from the remaining 350M or so shares from 1B. Duh...
Dilution will continue behind the curtain that the company will never address in the PR. Very difficult to trust this company.
Even if they execute something, that will be a miracle for us.
No they haven't......
They just will turn back into buyers when need arises, and then again turn into sellers...LOL
The cycle continues, as this is just a trading vehicle rather than an investing one, like our Mr Surf says.
Does anyone knows the ex-dividend date?
Record date is way too early, or the days gap between Record date and div payment date is way to much. Hmm....
I didn't see anywhere in the release. Are you making things up now?
He said that they will request more extension until the price is realized above 0.01.
Bottomline - admit that currently they cannot stay on QB because of shabby SS and more worse to come.
Shame on Angelo, as he was just running his mouth about extension and blah blah blah. Lets see how he is going to address this now.
He lies are caught about the listing. This is not sudden and happened out of the blues. He knew its going to be delisted, and yet he mentioned that with great pride about working on keeping it up on QB.
All this time he was lying about that.
This is back to pink, where it might belong to.
LOL....0.07 is long way down. First off, we need to cross 0.01, which seems to be an impossible task based on the current situation.
You know that when this will fall onto the traders' ears, there's no way this could go up that easily, unless institutional investors step, which is another impossible considering this is an OTC stock.
BTW when you say urgent, their urgent on the timescale is unrealistically off the charts than a mundane one. Unless they mention specific time frame, then I would give them the benefit of the doubt. Even that seems really generous in current circumstances.
They take way too long even if they do as little as that. And who knows how long will they take this time. That brings up the question whether it is worth keeping your money into this or not.
The longer it takes, more chances that the sp will be decimated.
Traders don't buy and sell at the same price or below than what they had bought from.
And I had heard that there was another news coming this morning. Guess what company prob lied to the shareholders one more time.
Sad thing is that this comp won't even allow you to get out even if you painfully want to get out. Another sad thing is some of the folks here are buying ton load hoping to average it down and getting out close to break even level. But that break even level is way up over 0.05 pennies.
I can smell that this comp would eventually try to save its butt from getting delisted by RSing.
February when 7B share dilution will kick-off? LOL
You can't go by what Mark has to say on all of this. I spent countless hours on the phone with him with no clear direction where the company is heading. He told me many a times that the company may not make any money even in 2019.
That AFG acqui has a higher price tag, which RETC might not be able to afford unless they sell shares and then raise money to buy it. And that obviously will take time as its going to be slow death for the sp.
Its a tricky situation for shareholders whether that acquisition will ever happen. More likely it may not, coz I think the only hurdle retc having is funds for acquisitions.
So you're saying that they will not need the new approved AS to be used to pay for M&As, then why would the comp got them registered in the first place if you say they will easily get credit loans from the banks?
They obviously have the intention to foot the acquisition bills onto the shareholders.
Eventually they will keep dumping them into OS to purchase assets. That means market may go higher but the sp will be in deep red shot because of astronomical dilution.
I think this ticker is the best for trading rather than bagholding.
I'm little curious, how will that "Preferred AS" be used towards M&As?
Are they going to be converted into common shares to be issued and traded on the open market?
Please edify me on this.
Theres no need as peeps here are making a lot of noise, which is enough for ihub news. Plus everybody are selling at a very low price.
People need to at least pump first before they sell.
Any big news for this is no news at this stage...lol
Really very difficult to recoup at this time esp to go over a penny.
The main reason this may not go up that high is the huge AS looming on shareholders' minds.
Did we expect the price to go up instead of down?
Did this Acq mean nothing I suppose based on what the market is seeing this comp.
I think the big reason is the AS increase, which the price took the hit.
Are they going to announce the revenue for Dec 2018 by any chance? Or are we looking straight to Quarterly statements?
CANT is the one that worries me the most. You usually won't see him on the list at the top. When he joins the big boys, oh boy, something is churning underneath.
I see 3 big dilutors are back in on L2.
Whats up with that?
Artificially taken up is not what you call up 100%.
It should organically go up by itself.
Do we have RED WIRE Group annual revenue or how much it is worth?
You didn't say anything about BID, and it is sitting at 0.0011 and also with 10,000. Part truth is not the truth.
wow....gapping down big time
We shall see.
By tomorrow or day after, we'll be able to separate coal out of charcoal.
Does this mean that we will get a pump upto certain price and then will get a dump before April.
Is this comp gonna go anywhere?
We'll figure that out who is scared and who is brave within next 2 days.
BTW most of the indicators are pointing against the growth of this comp.
Easier said than done. And so far this comp has done nothing.
Earnings per share?
Is there going to be sudden spike in revenue? Even if you have decent revenue, there is high costs (High self-salaries and lavish travels) involved, which I think will reduce profit margin to low and almost nothing. Plus their debt to cap ratio is beyond comprehension, which is enough to even not recover for some time, even if they did something.
Only some on ihub know how to read the subtle red flags on this comp, which company is well aware of and currently trying to exploit.
I would, for the last time, give the benefit of the doubt knowing that they will post some positive PRs on or before Jan 15.
If by any chance they delay/go beyond, or come up with any excuses, such as this one is sick/that person has died, or any bs, then you know what is going on.
Does this mean they will or have to stick by it? This could be even a lie that they will not issue shares, and they've been doing this since day one.
I have seen OTC scam comps do the opposite to what they put out in the PR.
Tell me any credible thing that they committed upon?
Yeah...once I break even.
Don't even know if that ever will happen.
Take a chance.
Its really hard to trust this company as it always tantalizes you by flashing tits and never let you touch them, like in strip clubs....lol
You can only believe when they will actually act upon it.
One thing that really bothers me is about the IR revelation on the news on or before Jan 15.
No Company would ever divulge any upcoming news release or to be released to the public, as it is against SEC rule not to divulge insider info to the public before publishing it.
Something fishy here.
Could be a ruse to pump the stock and then dump?
300K more to dump? hmm
Those remaining 350 mil share issuance will take care of them....LMAO
Did you see anywhere on 8K if they have squeezed the share issuance of the remaining 300 or so mill shares in there somewhere?
Just trying to be sure. Any such indication is good to know in advance to dump.
wait a min.
Are they restricted shares? hmm. I didn't read that part.
Not sure how this will turn out to be.
Of course, they increase AS and OS for funding whatever their cause. Even if they want to use the fund for M&A, they will have to issue and sell shares and do take care of their business.
But who are the ones are going to get hit? Shareholders?
Thats what I'm talking about.
From their perspective, they are good. But from ours, we have face the brunt of these shenanigans