Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
From OTC Markets:
Share Structure
Market Cap Market Cap
10,850,009
08/15/2022
Authorized Shares
350,000,000
07/08/2022
Outstanding Shares
137,515,955
07/08/2022
Restricted
9,730,659
07/08/2022
Unrestricted
127,785,296
07/08/2022
Held at DTC
127,584,103
07/08/2022
Float
114,089,611
11/12/2021
Obviously there weren't 125 mil shares dumped in June... could be coming since there are authorized shares available for dilution, but it hasn't happened yet.
That is looking like a great call to add on 385 and 38 at this point. I'm such a newb! Have been burned by gaps several times at this point, so I tend to hold through if I bought early enough or avoid if I am not in yet.
If you are adding on dips, be careful. Gaps at .0365 and .0165.
Listed below are the dates due and dollar amounts for notes convertible as of the previous 10q for notes due through September. You'll note some of the dates have already passed, so those converted over the last month. Also note there will most likely be more dilution on some level in August if other convertible notes aren't paid. If I missed any on the list, then my apologies, and please understand that some notes could also be paid to prevent dilution.
BBRW notes convertible:
7/2/21- 50,000
7/21/21- 50,000
7/23/21- 30,000
7/24/21- 25,000
7/30/21- 43,000
8/19/21- 113,000
8/19/21- 33,000
8/24/21- 25,000
9/21/21- 53,000
$422,000 in convertible notes due from July through September, and more before the end of the calendar year if unpaid. Hope this helps for anyone making decisions regarding investing or selling. For full disclosure, I sold most of my shares on the last run up to .02 and on the way down to .0036 once I saw the amount of dilution still to come. I will be happy to chase and jump back in long term if dilution slows and they follow through with buyback.
If I remember correctly, the company's intention is that if they must do an RS, the number of authorized shares would remain the same. Can anyone verify this?
Everyone came here for ET5, Terra, and bus sales. Once the company starts getting sales of those models, I think the share price will improve drastically whether the split happens or not. It's just a waiting game.
A lot of the action looks like flipping to me. There have been a couple posters who stated that they flip. Then you see a big ask slowly moving down each day, and now a big 1 mil bid @ 3.9, which is just below the 200 day moving average. Looks like someone is making money all the way down and loading up again at MA. All my amateur opinion. Would very much like to see the date each conversion is due for long term notes. That would help clarify if we are looking at dilution or flipping.
Found this for 1Myle limited, formerly Vinza: https://suite.endole.co.uk/insight/company/07762522-1myle-ltd
Appears to show company registration and address in UK, along with dates of required filings.
Facebook link to Das Konzept. Took 5 seconds to find. https://m.facebook.com/daskonzeptinthun/
The facebook account also has a link to their website.
Actually, record earnings have been reported the last few Q's. It was literally in the headlines for the announcements.
Additionally, the letters some of you are receiving are required to be sent to all shareholders of record. The fact that you have received a copy is just diligence on the part of DSGT, and not an indication that an RS MUST happen.
If the share price increases significantly on news (to multiple dollars), the RS becomes unnecessary. If the share price does not increase, they will have to RS to arrive at whatever their target share price is.
Opinion: primary issue here is all the delays in sales. If we see a significant and reported increase in sales, there wouldn't be a need for an RS because the share price would rocket. 22m bus contract alone should be a big step in that direction.
Fact: There is no guarantee of an RS. It looks likely at present, and it could happen at any time because it has already been approved, but the RS isn't required just because it has been approved.
From the DEF 14c, filed May 4th:
"Although our Stockholders have approved the Reverse Stock Split, we may abandon or delay the Reverse Stock Split if the Company does not pursue a potential listing on a national stock exchange, or if our Board of Directors determines that it is no longer in the best interests of the Company or our stockholders. If the Reverse Stock Split is not implemented by our Board of Directors by March 22, 2022, Stockholder approval will be deemed abandoned and without further effect. In that case, our Board of Directors may again seek Stockholder approval at a future date if it deems a reverse stock split to be advisable at that time."
That means they want to see if current and pending news will naturally drive the share price up, or if the RS will be required to raise the share price.
I am holding most or all of my shares pending bus contract news, 2Q and 3Q numbers. I am an amateur investor.
I believe there was a gap to fill in the 5's from the run up. If you're long, then today's action is no reason to panic.
MINE just announced on twitter that they came to terms with Erop to settle debt. They also stated 400 mil shares would be returned to the company per the agreement.
Not a prob for longs. 11/23 was a peak. Have had a bottom and a peak since. Today will be another bottom. Bounce coming before end of week.
Are we looking at double bottom? Bounce coming, I hope!
That brings up an awesome question. Are you primarily looking at 1 and 5 day charts for RSI? The 1m and 6m are still hanging in 60s, which is what I am using. Have you found the shorter windows to be more accurate indicators for otc? Would love your input and any others as well!
Rsi has been riding high. This looks like selling on news and will also serve to cool off the rsi for another run. No idea where the bottom is, but once rsi cools I would expect it to bounce back firmly. All in my very humble and amateur opinion. Looks like a good loading zone between .275 and .32.
Thanks for that! Saw your response after I sent the previous msg!
Right. Brain fart. But the rest of the message? Do we have cash flow to support inventory purchase, or are we paying royalties on inventory after product is sold?
Ok, so notes are done, but here is my burning question: how are we paying for the inventory of new EV's? Are we strongly positive on cash flow to pay up front? Do we pay Jonway/Skywell after inventory is sold? Are we selling shares to cover inventory costs? I missed the Cc, so maybe this was already covered...anyone able to help?
Gap in the low 2's from Tuesday morning. Maybe the downward push is to cover that gap? If so, 2.2 to 2.5 might be a great range to add or average down. Imao (in my amateur opinion).
Pretty cup and handle just finished on the 3m chart. Should be some serious action between now and December. Grats longs and recent joiners!
Annual report available on OTC Markets!
With all the awesome news, bear in mind that the cup and handle are fully formed on the 1 yr chart. That's just another driver for the pps. Great time to be holding long! Grats all!
Strong positive move forthcoming, and typically the longer it takes to form the higher it moves once complete. Some analysts say it is not a dependable pattern in OTC; I was hoping to get thoughts from those more experienced and knowledgeable than myself.
Yeah, the 1 year looks like a cup with the handle currently forming. Been watching for months and have a small stake around .03.
Anyone else see a handle forming on the 1-year? Bodes extremely well if so