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What happened to this? Nothing but good news, and it sells off? Guess I'm holding for now. 5k @ .501.
So.. 600k in projected revenue?
1.99 per digital visit, 300k visits projected for 2020.
LOL That press release did almost nothing. They're in a desert right now. Good. Stop f***ing diluting!
Won't buy until company status is unrevoked.
I have $5k to put into this again, but why?
What has GAXY done to show me that investment will grow? I know if I buy this stock again, they'll just keep diluting. I need my money to grow, not get siphoned off into somebody's pockets.
This will get pumped into multiple cents around May 10th. Then it'll sink into .004 territory again as they dilute even more.
They're just hooked on dilution right now. Unless they show a decrease in debt on May 10th, and they're honest about paying off debt this way, then they're just taking money from investors and pissing it away.
No, it'll continue until they do a reverse split. Then they'll just keep doing it more and more after that.
They never wanted to court investors, they just went to OTC to siphon investor's money.
I also called her, and she said others have called her about this and that she has nothing to do with this.
I think their plan is to do a reverse split right around the time of a decent filing. So in the run up to that, rake whatever they can out of stock as it is.
I used to believe this, but now I know better. I mean, I didn't lose that much money on this overall, I'm not losing sleep over it. But I didn't realize that OTC is just a way to take investors' money without consequences.
Now I know!
Thanks, Jfran for being a voice of reason on this forum.
I understand now a little better how OTC works. I think it's safe to say this company does not care at all about the value of the stock, it's just a way to rake people for money to pay debts are to pay consultants or give themselves bonuses.
I'm trying to imagine a way where they don't do a massive reverse split on this, but it just seems inevitable. I think people are throwing away their money here.
May 10th and Aug 10th we'll see decent filings with possible increased revenue, decreased expenses, and decreased debts, but this will have no impact at all on the stock.
Are there any legit stocks in OTC worth trading?
No dude. This is a pump and dump scam. There are a lot of other things they could do if they were valid, to show us this is legit. There will never be a PR. They will never put a up a real website with the Bio of the people in the 8ks.
This is a straight scam.
There will no news. Company status still "REVOKED."
They're going to keep diluting forever aren't they? Or this will end with a massive 1000-to-1 rev split.
AHA Touch makes their displays.... looks like they make everybody's displays. I found 6 or 7 companies selling the same displays with the same specs.
More info...
These displays are OEM'd in China (?), then logo'd there for companies in other parts of the world.
These are the same panels:
https://technologycore.com.au/product/hdi-edge-slim-ir-touch-screen/
Galaxy Next Generation has photos/videos of Technology Core doing demos of these panels on their linkedin activity page.
Here's a photo of them visiting their manufacturers:
https://www.linkedin.com/posts/galaxy-next-generation-54a091136_nextgen-g2-activity-6444705507470036992-k6aT
Level 2 has the same players on each side buying and selling at .0004 and .0006 increments, 100k-1m at a time.
So they're making $600 to $6000? I assume this is all computer driven. Now I understand what people mean when they say it's all manipulated. When not a lot of analog interest happens in the stock, you're buying and selling against computers that are controlling the price?
They dilute to raise money to pay off debt right? Maybe they want a better looking net in their filing a month from now or whatever? Is that possible?
Still not tradeable on Etrade.
If this weren't a scam, all these folks would have to do is put up a single page on their site with verifiable info on the people identified in the 8Ks. That's all they need to do.
If it turns out that those people are really trying to revive this dead company (for some reason I can't fathom) then this stock would probably go up to .00x range.
But it's all bullshit, so that's never going to happen.
How do you know it's them dumping the stock? Honestly, I have no idea. Is it the kind of stock or something?
I'm a noob that bought very low (averaging .006). What do you mean here? ASCM and OTCX are "back at the top"??
Here's to another fun day of "Is GAXY a scam?" right here on our favorite IH channel.
If it goes to .0025 I'll be loading more. Honestly my decision to stick with this company or not will be determined around May 10th when their next filing occurs.
COMPANY STATUS STILL REVOKED.
I CAN TYPE IN ALL CAPS TOO.
If you're eager to see this stock crash, then sell to that 200k @ .001 order hanging out there. Do your part, naysayers!
I hope you're right. Loading at .007 is a fantastic deal, considering what will be coming in the next 6 months.
Not sweating any of this. Buy on dips.
I don't agree with Horst on this one in particular, I think they do have these contracts and that they are getting the orders they claim they are getting. I think their filings are real. They are driving down costs and debt while increasing revenue. This will see paper land again, as early as August, or as late as next year.
IMHO.
Even at .01 this is a steal.
But also, Horst has been right in other places. He could very well be right here. I just don't agree at the moment. Unless someone can prove all these filings are fraudulent, I won't agree that this is a scam until I see both May and August filings.
I just got bored and tried to figure out who owns the domain and when it's been updated. Can't say if it means anything at this point.
The new website is hosted on PrivateSystems, which is owned by KnownHost I believe.
Whoever put this site up received the graphic via SnapChat. "Snapchat-1646.jpg" is the name of the image file.
The DNS record was updated on Apr 2, and then again today.
Am I reading this right? Almost 5 million shares sold in the sub 0.004 range.
Nope, that guy now works for Galaxy!
https://www.linkedin.com/in/mark-swift-695b3837/
Thanks Galaxy Next Generation for your support at the Valdosta City Schools Google Summit 2017!! #giesummit pic.twitter.com/eMH2uISh6c
— Mark Swift (@VCSITCats) July 12, 2017
No, I actually don't think they are lying. If the school verifies, I'd like to post it here, is all.
I've emailed the Valdosta School District for verification. Will update if I get a response.
Interview with COO
No, I'm not pumping this stock. Do what you want. I spent several hours yesterday going all through every possible link I could find on the internet. They are legit selling a/v gear to schools.
This will hit 1 dollar or 2 again, it's just a matter of time.
This will come back. This company really does sell this stuff, they've demo'd at InfoComm and they have customers. Earnings reports show them driving expenses down.
We should see decent revenue this next filing in May. This is a buy and hold.
Company does a brief demo at Infocomm:
https://www.ravepubs.com/rave-video/infocomm-2019-galaxy-next-generation-shows-off-its-g2-system-slim6500-interactive-flat-panels/
Company is otherwise known as G2 Systems Inc:
www.g2systemsinc.com
I threw 100 bucks at this like "haha let's see what happens."
What happens is they took the 100 dollars and bailed. Don't be me.