Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes it was. Lots on Ihub participated in the run. Some actually thought there was an actual product lurking here (unfortunately they didn't look who was behind the scenes tied to management).
all jmho
Yes, They have all been insider conversions, between Morgan and his buddy. As soon as they took control of the shell, there was an initial run to the .40s (if I remember correctly), and then a slow deterioration as the conversions hit on the toxic debt.
all jmho
The whole Tover thing was never real in the first place, just like all the other products he was going to launch. Been a scam since day one.
all jmho
Just 400 million? I figured Morgan would go big for the whole billion this time around. ;)
JMHO
The SEC doesn't do crap to these serial scammers, they have been around for at least the last 25 years i have traded this. I have seen billions of shares dumped in this manner...and maybe after 3 or 4 times the SEC may shut them down, but that rarely happens.
jmho
Yeah but we know how they adhere to SEC rules here on the OTC. It is not hard for them to find and attorney to issue a 144 letter and the restrictions come off. If it wasn't Morgan it was probably tied back to his buddy Curtis.
JMHO
It does makes sense now why Morgan canceled his 223m shares, while at the same time he was probably the one converting the $30K note for roughly 300m shares and then he sold them into the market at a huge markup. Truly a pos
Just my honest opinion.
Either Morgan himself or his buddy Curtis are my guesses.
jmho
Looks like Morgan and Friends have bailed for now....no money for filings or even to raise the AS, lol.
all jmho
Shorts getting toasted, not an easy game to play.
Closing in on 130m....glad i held through the RS, one of the very few times they have paid off.
almost 93m now pushing for next hod. ouch for those caught short.
At 83m so far...and cranking, somebody got caught on the wrong side of the trade.
They will need more than 1:5 RS with the way the shorts have attacked this...going to need a higher ratio.
Going to get a whole lot uglier before it gets better if it ever does. At this point someone acquiring Nikola would be the best outcome.
jmho
I'll buy the .0002s and sell em back at .0004 ;)
I don't know, they actually have somewhere around 40.5m available,but have not issued them so far.
Not yet otcmarkets have the same AS and OS reported from last week
No, they will convert at .00005 and will continue to do so at that level. These toxic diluters have made tons of money converting at .00005 where normal retail has no chance. Once this hits the gray sheets then they will most likely change strategies and stop issue convertible notes and go strictly to restricted stock issuance where an attorney's opinion letter (144) will remove the restriction.
all jmho
Once it hits no bid, they may also face the threat of being delisted which is happening a little faster these days especially with delinquent filers.
all jmho
I actually think Morgan will take it to 2.0B. He needs more headroom to cover the weekly grocery and beer bill, especially at these levels. 100m shares only generates $10k at .0001 and a portion of that is lost on the discount.
all jmho
Probably dump the remaining 40m near the close...then go completely silent for a week or so while they raise the AS and put together another fluff pr campaign (they may even come out with a new product totally unrelated to what they are selling now).
all jmho
They only have 40m or so left before another AS raise. I am guessing the .0002 bids are nothing but bottom feeders or a momo group. Toxic holders usually don't show their hand especially covering on naked covers.
all jmho
Oh yeah, another fluff pr. Notice how there is no actual details, most companies report the size and the customer who purchased. This is nothing but another pr to dump into. BTW AS is still 1B, OS is now 959,509,644. Dilution is always the solution for Morgan and friends.
all jmho
Nah, CMKX was way worse, they could dump a billion or more a day.
I would not put it past him, he did it the last time too. He is truly a POS.
all jmho
If the company is in such terrible shape financially, then why are you here?
If you're bottom feeding at least say it, otherwise why would you waste such valuable time posting here?
all jmho
103m so far...i think he empties the tank in the next day or so before another raise in the AS. They have more dumping before they reach no bid x .0001, then it will be RS time.
all jmho
Exactly, There are no investors, this is nothing more than a share selling scheme....
all jmho
Hmmm seems like they went quiet, did they just bail and leave. Morgan usually isn't this quiet ever, probably an AS raise along with additional toxic notes for his buddies.
all jmho
Surprising Monday numbers AS still at 1B, OS at 874,509,644. So they have 125.5m under the cap they can still dilute, i actually thought they capped out last week, must have been someone cutting losses.
all jmho
They did not do it on the raise from 750m to 1b on the AS so i doubt they will do it again. I would expect they will file to become a non-filing entity next.
jmho
I agree with you, it will be without. They have no intention of actually delivering any actual product, just smoke and mirrors to continue the printing press.
Taking bets....1.25b, 1.5b, 2.0b, or does he take it straight to 5b for the AS
jmho
That should just about do it for this round, unless ole Morgan raises the AS again and keeps the printing press rolling.
all jmho
lol...you obviously haven't followed this pos very closely. They will continue to raise the AS and continue to dilute. You might want to look up who is behind the scenes.
all jmho
lol...and for those that believe this pr he has another billion shares to sell you, he may even throw in a bridge as well. :D
all jmho
After today looks like they only have 100m left to dilute so they will have to raise the AS again or RS without reducing the AS. Then it is the typical lather, rinse, and repeat of the stinky pinky share selling scams
all jmho
Dumpathon....Morgan just can't stop...another 100m dilution
Morgan has a fresh pile of 209m left to dilute before he has to raise the AS again. He will probably need to raise it again by the end of the month or sooner. I am looking for .0003's and .0004s this week. :)
all jmho
I am just trading for the flip, entry point may be a lot lower than the .0004 - .0005 i was looking at.
jmho