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Devil's Advocate would say, "well, if the ZapGo tech is so great, where are the partnerships, JVs, or investment dollars from a known entity, like a strategic partner, VC or PE in the industry, etc."
Per annual report, there's 462 million common shares outstanding + 100 million shares of new issued common stock will be issued if the deal for ZapGo's technology upon closing. Plus, a newly created series of preferred stock convertible into 60% of the issued and outstanding shares will also be issued. So, post-closing, the 562 million shares will own 40% of COUV with the preferred shares owning 60% on an as converted basis; making the total shares outstanding of 1.4 Billion on an as converted basis. This doesn't include any other shares, options, warrants, or convertibles notes outstanding or additional financing that might be required. So, at $0.135, that's a valuation of around $190 million (again, not including potential other shares). This is SUPER TINY but ONLY if COUV can sign a partnership deal for commercialization. If they can do this, then, obviously, the potential is significant, in the billions. At $1.00, you're talking a $1.4B valuation (again, not including potential other shares)
Management needs to provide another update on Monday. They have to keep shareholders, and the market, up-to-date with where they stand with the audits, the trading, the compliance, the transaction closing, and ZAPGo business developments.
Agreed 100%; Tony posting some stupid b.s. on the website means ZERO. Make a multi-million dollar purchase of your shares right here, right now. Put your money where your mouth is. Don't tell shareholders to be patient. SHOW THEM! This is heading to 5 cents...99% guaranteed...barring material news.
If the tech was so great, why do a deal with an OTC firm like this and not a real VC firm?
Hire a kid for $20 per hour to update the website.
The entire issue with the shares shows major disfunction. The interim CEO doesn't seem qualified.
Management team on the website - interim CEO photo - I mean, can you at least dress like a CEO? And, how about a permanent CEO?
What's going on with the shares here being issued to note holders and then cancelled or attempted to be cancelled? I mean, does this management team know wtf they're doing? How does that share issuance happen in the first place?
And, what's the status with SmartTurtles financing?
This sounds like a typical POS OTC firm.
The SEC needs to crackdown on Boiler Room pumpers on Twitter and Reddit
The SEC needs to crackdown on illegal naked shorting and enforce delivery of borrowed shares
The SEC needs to hire more people to do this
COUV did nothing wrong here.
I'm adding shares on every drop.
The SEC investigating going forward means very little. That's a formality.
What's relevant is what's important. So much b.s. being posted on this board.
The bottom line:
1) Close the transaction
2) Update audits and filings
3) Find a market-maker on OTC and re-list
4) Move technology forward
That's ALL THAT MATTERS.
Valuation here is TINY
FYI, I don't believe the firm's subsidiary was lying about their face mask; graphene has highly proven antimicrobial, antivirus properties. But, they made the right move in just focusing on ZapGo technology. The real question is why ZapGo couldn't launch given all of the supposed benefits of the technology. Shareholders better hope that the reason ZapGo couldn't get off the ground was 100% due to Isaac being a total putz in managing a business. It does take a unique skill set to actually be successful as a CEO. ZapGo got a lot of press / media in 2016-2017, but, maybe Isaac paid for that PR as he was having trouble getting parties interested. I don't know what to make of Nikola; they were a fraudulent firm with a criminal CEO / founder. And, the $8M does seem like a very light offer, especially considering Nikola owned no proprietary technology of their own. So, maybe Isaac actually made a smart decision in not selling at a low valuation. But, then again, 100% of zero is still zero. It's certainly possible, given the increase in patents to 70, that the technology has since evolved materially. Proof will be in 1) closing the transaction and 2) finding a partner to commercial it. There's certainly a better chance of that with the firm 100% focused on ZapGo and with Andrew as CEO and not Isaac. At the current valuation, and the technology potential, it's certainly worth a purchase of shares. But, you have to be very patient until there is more liquidity and a better exchange.
Very hard to get an order filled
What's the FULLY DILUTED share count right now? Taking into account basic shares + warrants + convertibles + options...assuming everything was exercised.
Thanks
A few days late, but props to management for following-up and moving the transaction forward.
For those who have been through this, how will this work - assuming they get the go ahead for a market maker - what EXACTLY happen here on February 25th in terms of the stock? It stays on OTC? It opens on the grey sheets and then gets put back on OTC? It stays on grey sheets and they have to re-apply for OTC? And, how will the stock trade - if it has a market maker - odds it tanks (just given the situation that occurred), odds it rips higher (given they're moving forward), etc.?
So, the stock was suspended, there was an initial PR saying they would provide additional information yesterday, but no such PR came out, and, now, today the Corporate Universe website is down or no longer exists.
All the people on this message board and those on Twitter who pumped this stock should be arrested as part of a BOILER ROOM operation. You committed WHITE COLLAR CRIME. You will GO DIRECTLY TO JAIL.
You have screwed thousands of innocent people out of their money.
SHAME ON YOU! ROT IN HELL!
If this technology was so great, then why couldn't Nanobeak launch it; why did they license it and why hasn't VNTH been able to launch it?
The combined APDN / TTTSF offering can be a game changer in the cannabis market. This partnership can easily expand into the psilocybin / psychedelic market, as that begins to explode. There are LOTS of synergies, and more will evolve over time, in terms of overlapping customers, suppliers, and distribution channels. Going forward, and as these markets mature and gain increased traction, the need to KNOW EXACTLY what's in one's medical cannabis or medical psilocybin will be PARAMOUNT in order for patients, physicians and pharmacists to be confident in the supply chain.
At less than $10 million valuation, with the APDN partnership, and the Shopper's Drug Mart trial coming to a conclusion soon, TTTSF should see a MATERIAL BOOST to its valuation.
Adding significant shares over the next month.
How come NOBODY did a deal with ZapGo during the 2016-2018 period when there was so much hot talk and media coverage about their 5-minute charging technology? No well respected institutional investor. No well respected venture capital investor. No strategic partner. NOTHING.
The entire question is whether this technology really works. No true institutional or venture capital investors; no official strategic partners. That raises REAL questions An LOI with Ennis being signed would certainly change that, but, we'll see if this actually happens.
The entire question is whether this technology really works. No true institutional or venture capital investors; no strategic partners. That raises REAL questions...
Show us the patents Steve...where are they???
SEC Compliance hasn't stopped hundreds of pink sheet firms from destroying shareholders.
No actual patents - USPTO search for patents for Smart Turtles comes up EMPTY
No Venture Capital or respected Institutional Capital
No formal sales or any transactions with any city or state
No actual PROOF that the technology works.
Sounds like a TOTAL SCAM to me.
All the videos on YouTube just show a technology that allows for fast charging, just like any supercapaciter - the kicker is using their nano-carbon tech may charge fast, but it doesn't last long. A scooter is charged in 5 minutes yet you can only ride it for 5 minutes. And, then, they even admit that they were trying to work with lithium in some type of dual-mode battery where the ZapGo tech would recharge fast and you'd use your lithium battery given it lasts long. But, the entire issue, which they freely admit, is that lithium catches fire if charged too fast. Thus, doing some dual-mode battery does NOT solve that issue. Doesn't mean much if you can charge the supercapacitor portion fast but can't recharge the lithium portion fast. Still the same fire risk. This is all BALONEY. And, after that, they claimed they were working on more generations of their nano carbon tech to make it last longer.
YEAH RIGHT! This is A TOTAL JOKE.
Founder said it was ready to commercialize for years and years; never happened; nobody wanted it; keep touting and saying this works; it's all fluff.
Sure seems like totally fake technology; if this were really anything, it wouldn't be depending on some pink sheet POS stock doing a joint venture with them. TOTALLY SHADY. If this were super game changing, you'd have one of the hundreds of real SPACS involved. This firm has no institutional or venture capital investors associated with it. TOTAL PUMP.
This is not a SPAC so PLEASE stop comparing this to QS. This is pink sheet POS firm, buying a POS tech that has no real institutional or venture-backed capital, started by a shady entrepreneur. This tech has been recycled over and over - nobody has ever signed a deal with the firm to produce the technology; now, just because EV is hot, this new shady pink sheet firm's CEO says to himself, "we can make a killing by buying this fake technology that sounds really really really amazing," but, it really doesn't work. Total joke.
CEO of ZapGo just moved to Carbon-ION; same firm; same technology that hasn't gotten serious funding to date because it doesn't really work; it's all totally made up. This is a total pump.
CEO is an MIT grad; super smart guy, so WTF is he doing with this firm?
CEO owns a majority of shares; that being said, they've done ZERO with any of these assets. They haven't monetized them. They haven't produced from them. The ONLY thing they can really do, given their lack of capital, is find some money, do a high-tech deposit review to prove out the acres along every project, and then sell their assets to someone like SQM who can develop them. The CEO is incentivized to grow shareholder value. But, as some previously have posted, this firm has done NOTHING with any of their projects historically. Time is ripe given EV and demand for rare earths, lithium, plus gold is at highs, and diamonds are always in demand. It's TIME for this firm to act. The valuation here is MICROSCOPIC, even with a gazillion shares outstanding.
So, ZapGo has such amazing, game-changing technology that they blew through funding several times and have to resort to a pink sheet firm to do a deal. Sounds like TOTAL SMOKE AND MIRRORS to me. There's no strong venture capital funding here. There's no real institutional investors. MAJOR RED FLAG.
Can someone show me proof that the Smart Turtle technology works? Thanks.
Nope; not short. I made money trading it and then did more diligence. MAJOR RED FLAGS. WARNING: Get out now!
This article should give everyone pause...this is a major red flag
https://www.businesscloud.co.uk/news/what-really-happened-at-zapgo/
This is only the beginning of a massive run...
Dilution is a GREAT THING; YOU DON'T UNDERSTAND
Email Colin Hislop on LinkedIn for a shareholder update letter.
Bought more today and will continue to do so...love the sale! Thank you very much!!!
Not surprising given the Transaction here; lots of information to update in the 10-Q; the last 10-Q talked about the platform being mothballed. It's being restarted now, and the 10-Q language has to be updated for that and the financing / licensing transaction.
Giddy-up!
Added more shares today! What's going on behind the scenes is incredible! Our team knows this game all too well. We continue to accumulate in size, and we'll be buying every single dip until the gap is filled. We plan to quintuple our position from here.
Adding more; tremendous risk/reward; love adding super cheap shares!!! Boo-Yah!
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