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That note is the only clear beneficiary to this entire dumpster fire, if there’s a skunk I can smell it
Digging into it more, the only note that converted between Q2 and Q3 was that same April 2020 note that paid off almost $200k during that period. During Q1 it was the main note converting, converting .005’s all the way down to .01 and then 50% from there on out.
That note is the answer to this entire nightmare, I’m seeing who I can contact about this. If anyone is trying to get in on a class action gang bang of Tim Armes and Chris Davenport let me know
The reason so many shares were diluted from $2 down to now with little effect on the amount of debt being paid is because of the April 24, 2020 note with $738k principal at 1/31. The note originally had conversion price of 50% of the trading price for 20 days prior but on the 10k(released almost 4 months late) it shows the conversion price had been changed to show “but not higher than .005”.
That was the whole reason for the delays in getting current this whole time.
This means that during the time that the financials were late it was considered default and could convert for shares at the rate of .005 while the stock was trading as high as $2. Considering they weren’t current until 11/20 it was able to convert shares at a disgustingly discounted level for 6 months, because the financials were “LATE”.
If there’s any conspiracy to read into or something to take these guys down in the form of a lawsuit it’ll be related to that note.
Anyone have any input? That noteholder is almost guaranteed to be associated with Tim/Chris and definitely needs to be named. That note with original principal of $738k has made them no less than $10M and possibly much more but I haven’t taken the time to work the math based on volume and dilution. Not to mention it’s still owed over $500k !!!
Is this worth having someone looking into?
Someone is quietly loading these twos? Not how I expected today to start but it’s still early
Well someone just got blessed at 2 lol
Last Q ran to .002 in an hour, that’d be 10 bags from yesterday’s price. Imagine the momentum that would bring into 2020 as the company prepares to move into the entire auto parts market! Patience looks like it finally paid off here. Slightly jealous of people who just started adding this week but glad nonetheless lol
I think 3’s and 4’s are what most of us ended up getting, should at least start there shortly with the faucet off
I don’t think my funds will clear before the 3’s get scooped up :( at least I got some earlier this week though so I won’t completely miss out
That’s so accurate, luckily this coaster is back on its way up today. That ride to .0002 wasn’t fun but we know how this runs on Q’s.
Exactly how I saw it, they waited until it had open room to run. Today should be fun
They stopped selling on amazon and only dropped like 5% compared to the same quarter last year, I’d say that’s impressive, more than a “collapse” by far
Selling died off well before the day was over today, they’ll let it breathe tomorrow for sure. Last Q ran 5 bags when they posted similar numbers and held off on the dump. Flippers will have a good day tomorrow at least if they’re lucky enough to have an average around these 2’s and 3’s.
Imagine! We’d run for weeks hahaha
People ignoring the fact that staying current avoids the early conversions.
Considering all we ever see here is speculation that’s a great thing to know going forward.
A PR addressing financing or the notes specifically would be amazing. Affordable financing is all this company needs to fly imo. These notes are trash and getting out of them is all this needs to take off.
I think they better have the PR of a lifetime lined up or something because the status quo ain’t cutting it
Q likely tomorrow AM based on today’s trading but honestly who even knows
CDEL keeps hopping in for bid fills while those other orders that have been there all day haven’t filled hahaha they’re basically just flipping them off at this point
100% sure? Really? 100%?
CDEL with finish filling today and Q will magically come out tomorrow, watch
Only CDEL getting filled on 2’s today and EOD yesterday
More of these weird 10k share buys going on just like yesterday
Hiding in the same place as the Q probably
I want to see that 400M bid chase the ask, give us that Q!
You saw that too? LOL
Barely any at that
They like mid week drops for whatever reason, I expect Tuesday or Wednesday. If someone decides to sell me some 2’s before then, be my guest. Gonna be hard to get filled with almost no volume now though.
OTCX filling themselves to paint down again zzZzzZZZZ
Tired of watching these desperate games for 2’s, drop the Q and put them out of their misery
Yeah can I get uhhhhhh muhfuggin Q with extra sauce? Thanks.
It took them 23 days between Q1 and Q2, it’s been 26 days since Q2, they’re close if not already finished.
Tells me that the 2’s today were manipulation, next week should be interesting either way. Nothing to do but watch and wait
EOD run would be insane and set us up great for a Q Monday, not going to hold my breath though
OTCX filled themselves, so whatever that tells you I guess
Cross trades, no one is getting filled
All I see is paint downs and ask walls today, hope the Q comes Monday and opens this up
They want those 2’s so bad
That’s where it’s been this whole time, where have you been?
These hypothetical 50M buyers need to slap this purely to watch some shorts shit their pants a little bit lol
If the company truly wanted to pump they would just PR about notes/dilution. These are just growth updates, the Q will be what sparks new buyers if it’s positive
2020 is going to be huge and this Q is going to be the first major move upwards. So much ask stacking on the last two news releases, pure manipulation.