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We are pleased to announce that we believe we can announce something later. Rofl!
All I know is if I don't start getting some help. I'm perfectly content with helping them bring it down so I can load more.
I have been ask slapping all morning. Most my shares are from below 3 cents but ive bought over 100k on the ask today. Unfortunately no one else seems to be helping.
LoL....this is hilarious!
Who the F is Jeff?
Not that I disagree with you on bs pr's, but financial statement clearly post revenue from sale of 10 liters through indulge oils.
Thank for clarifying. I agree thats possible since accumulation is in sink with price movement.
LOL....no ditution? They had 247m shares outstanding May 17th as of 7/30 they had 1.485b.
Power up lending note is not even eligible to start converting until October.
It could happen anytime before August. Looks like the dumping has begun.
With so few shares on the ask and convertibles eligible to convert at .0073, don't you think they will have to run it up some to create some interest and liquidity to sell into? With 15day low limit to convert they have 5 trading days left to get their .00073's. 4.99% of o/s x 2 notes means they will have at least 50m shares to dump on first batch. Then at least 2 more batches of conversions to clear the remaining balances. Hard to dump that many shares if they don't drum up any interest in the stock.
700m not even close to authorized share. Little early to be talking abiut a reverse split when there are no more convertibke notes.
Only other possible explanation is the note that matured on 5/2/2020 had a default clause that allowed for the conversion of .0005 or an additional 50% due to default.
Roughly $32k in convertible notes remaining before another $40k kicks in on 5/30 and another $55k on 6/2 at which point dilution should be completed for the foreseeable future.
If by some miracle we manage to stay above .0016, expect additional dilution of 128.5m shares before it can breath for a little while. Of course then liquidity may dry up.
Something is definitely wrong, nowhere in the financial statements is a conversion rate this favorable disclosed. 20 days back from 5/14 the lowest price was .0017. The lowest conversion rate disclosed is a discount of 39%. So maybe they meant to say aggregate amount of $26k which would make sense since 61% of .0017 is .001.
Would be extremely expensive to short it post split if you can even find any of the 180k shares to borrow.
It got pumped and the group moved on, or, they are currently loading for another pump. It will have its day again.
Just need volume to kick i and we should be golden.
In at .0059 avg, looks ready to blow!
They discussed it in the 10-Q last quarter. Now removed it completely like it never existed.
So, I guess Acela ain't happening since it looks like its been scrubbed from the 10-k
More like its dominated by dilution and dumping.
why is the article not legit?
I buried pretty deep so right there with ya. No point in selling at 50-75% loss.
Won't be able to confirm any meaningful numbers since we don't know the conversion $ amounts. Based on the last 10q, there were billions of shares left. Given the current stock price, I'd suspect they no longer even have enough shares to cover whats left. But this will more than likely go to a no bid situation before they get close to maxing out the A/S. When that happens, expect a reverse split not long after.
At this point they are going to bleed this thing dry before announcing a rs.
You should do the math, its not even close to finished.
Nope i've got enough turd stocks. This one is too close to a/s.
The next few conversions will likely move this into no bid territory.
Massive dump which means they are probably going to convert some more this afternoon or tomorrow.
55m ago
17:03
In another significant move, Trump has pledged to waive interest on federal student loans and purchase crude oil to boost the country’s strategic petroleum reserve.
That should push crude prices up next week, potentially reassuring markets worried about Saudi Arabi’a oil price war.
https://www.theguardian.com/business/live/2020/mar/13/markets-ftse-dow-crash-rebound-coronavirus-oil-fed-central-banks-business-live
Maybe you can explain wtf happened at 4:33:55
It was something else. One trade for 41m shares @ $.30 while the ask was at $.195. Other than that one trade, the next highest $.215
They need to prove they can turn a profit. But I agree the current price is low in comparison.
Only problem is there are another 50m shares to churn through plus whatever shares are left from the 55m they added just a couple of days ago. I've got bids in at .0001 at this point as I don't see 2's holding up if the dilution continues. No reason to believe it will stop either. Fact is the only reason dilution pauses is because they haven't finished dumping the previous conversions.
Only problem is there are another 50m shares to churn through plus whatever shares are left from the 55m they added just a couple of days ago. I've got bids in at .0001 at this point as I don't see 2's holding up if the dilution continues. No reason to believe it will stop either.
LOL...as they add another 50m to os.
I can just wait until the 10k to prove my point. I'm not spending anymore time trying to convince anyone. All I can say is go back to the 10q, make a spreadsheet of all remaining balances, subtract conversions and make sure subsequent events are not being double counted with the 8-k's. Im pretty confident in my numbers and am certain the 10k will confirm. If it doesn't I will gladly admit I'm wrong.
The problem with this is that the Bountiful notes are part of the related party notes and were not convertible. The exchange agreement was more designed to move non convertible debt to convertible preferred equity shares thereby adding to the total possible dilutive effect.
So you would have to add back the $240k and subtract the notes that are not convertible at the current price or date.
I almost agreed with the numbers until I realized bountiful notes were not part of the $514k convertible balance.
Sello, im out of post for the day so cant reply to your question. No I am not including that note as it has a specific conversion price that is much higher. Refer to my notes pist from 1/24 to see ehich numbers I used. Any further replys will have to wait until tomorrow.
I have a habbit of buying in based on charts, then spending the time to thoroughly examine and understand information that is available. It is what helps me decide when I should exit and if I should hold or swing. Because of the convertible notes, this is a swing play for me until the balance sheet is cleaned up. The reg a preferreds were slated to take care of that but since the conversions continue, my assumption is funds from the reg a have not yet been secured.