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This don't look so bad to me. Don't like the additional notes however they may needed cash to build those POs. The 5-29 8-k stated: "...the company received a commercial purchase order from United Opportunities, LLC on May 28, 2019 to manufacture" and "After manufacturing and delivery, the net profit is approximately $1.1M."
The previous note paid balance wasn't until last week. They likely didn't get paid until just before then and would not have appeared on the latest 10-Q. So no big deal.
Also the dilution is not ideal but may have been out of their control and may actually be preferred in some ways. I don't know, just speculating.
I wonder about those that trade shares of something they claim to have no real value. May be the same kind of behavior as a company that does the same thing. Dumping something on a "duped" person may not be ethical. Just a consideration that this may be happening here.
You're absolutely correct in that respect to the company. Thank you, however, it was the post that stated "doesn’t need proof" which was a question to the very same point that you made to me. I might have been misunderstood. Further there was no demand to prove such as "you have to prove what you say" I was accepting the post as an opinion.
"if u gotta ask me to prove to u about a company"
Why are you asking me then? Part of what you ask are in the 8-k's. Would you like the company to give daily updates, minute by minute maybe? Maybe that would be better. I don't know for sure yet either.
It has been lower than this before.
I will concur if the share numbers increase.
Can you prove that?
All these speculative warnings may turn out be true but I don't react with panic to possible misfortune so I will not be dissuaded. Oh no I might loose money! Give me a break. I'll move on and if things are legit then great!
Yeah, and if it continues?
Yeah, that's good, I won't be excited till over 10.
Feels like downward pressure is releasing and ask has been walked up a little with retail sells pushed out mostly, can be walked down lower but more optimistic than ever.
Woot! Yeah, Not even $600.
Any thoughts on the day?
Getting close to a squeeze maybe?
Best to relax and act according to conditions.
If the Interactive Data link next to the Documents link is used on the SEC search results page, may make it simpler to parse out BS. It does appear that he is.
It's probably accumulated notes from previous years. It's all in the 10-K.
Hooray! More good news to come.
Excuse me for the misunderstanding. I was referring to fact that someone is selling shares. It is not necessarily the company diluting with "new" shares.
Thank you
Point being is that I have heard arguments that have validity and not necessarily opposing is all I would like to be considered.
And I don't expect anyone to actually care what I think.
I'm kinda new to all this and may not understand any of the details or specifics due to a lack of experience but I am a fast learner.
What I have deduced is that there are shares being sold, we can all agree to that right?
It is the source of these shares that is in question.
The company has put out statements that they are not intending to dilute.
How much can we trust that? Not much for an OTC/Pink Sheet stock, not very?
For long holders the general best interest for the share count to be of a reasonable level with increasing in pps.
Since we are inclined to take the official statements as fact (for the time being unless proven otherwise) there is an outside source.
We know if diligently read reports that there are "A Class" shares that could have been converted to common shares is one possibility.
A MM could have obtained those and could be dumping them. If that's the case this could be a protracted, prolonged dilutive event. Though my personal opinion is that would be the best case at this point considering the OS count has increased and would prefer certain people are no longer associated with.
Otherwise a MM could have a number of previously available shares and just continuously rotating the price of them which is what they would do anyway.
In this case the price depression is not likely to continue to be as severe if there is an increase in buying pressure.
The last and in my consideration most unlikely is that note holders are converting however if the company is paying notes off I would believe that it would be preferable to them to accept direct payment rather than dumping shares.
We can speculate on these sources and have to wait for more filings to be sure which is frustrating.
Do I have this correct and the particulars outlined?
Gonna be the 13th day with volume over 10M out of the last 16 trading days is what it is.
Yeah I've been watching. I've got what I would play with here as well. Maybe I'll be able to change my nick to something like yours soon!
I disagree this could be beer money, as in build a brewery money!
Agreed!
Normally I would be entirely skeptical of a "benevolent" CEO prospect especially touted here. However, this appears to be an encouraging set of business maneuvers.
Yep, it's being played for small change until buying pressure is increased.
My bad yeah it's there, I forgot to allow scripts on the page. Scripts are needed to view that menu. Some times I'm an idiot before I get smart. Thank you!
Yeah, wouldn't that be great!
Looks like they updated website, no mention of Proscere, but at least looks like they are doing something to change public image.
Why do I bother to post? Wont someone else say something? Oh good more buys.
Ugggh, I just wish it were now.
But of course I'm kidding. This will do well, someday.
Lame, I care even more and will say I told you to say that.
I suspect the longer we wait for PR the better it will be.
It's fine, if that's all they ask for that's all they'll get.
It's not time quite yet but it's coming. I'm happy to be here waiting. These dumps don't discourage me this will see better days.
Yes, of course, I'm skeptical of massive OS Reduction (or buyback is what I think you meant) just probably the AS which would not cost anything other than paying the notes off so there is no further dilution.
Or do I have something wrong?
But again, Dividends?! Hold your shares don't dump, it just feeds those that keep depressing price action.
If this company is different lets be different too!
Not advising just proposing.