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Thanks for the heads up and clarification.
So! Stick a fork in it!
Bill that's a great question.
Anything is possible.
It is interesting to see who is following Big Token on their linkedin account. Noted that Meta is following what is being developed.
https://www.linkedin.com/feed/update/urn:li:activity:7182044345372422145/?origin=NETWORK_CONVERSATIONS&midToken=AQHu_3-phuoFGw&midSig=12apDLHFfyxrc1&trk=eml-email_network_conversations_01-update~card-0-thumbnail~overlay~image&trkEmail=eml-email_network_conversations_01-update~card-0-thumbnail~overlay~image-null-fqfh9t~luqdooa9~mh-null-null&eid=fqfh9t-luqdooa9-mh&otpToken=MWIwMDFmZTMxYTJhYzFjY2I1MjQwNGVkNDcxY2UyYjA4OWNlZDY0MDljYTc4NjYxNzljNTA5NmM0ODU5NTVmNWYzZDRkZmUxNThiNWZkZDU2NDk5ZGZkNWIwODQwM2EwMzIwYzJjZGZjMjgxZWI2MzFiN2I0MywxLDE%3D
Flown off into the sunset?
More like crashed and burned! Much like the daughter who now finds herself selling cheap jewelry.
Can't say I blame her. After all, one has to make a living.
Does beg the question, how much time does she have to invest in increasing shareholder value, when she is working another job?
It would appear that SRAX is setting itself up for a rebirth with today's 8K. Interesting.
I for one would be glad to see these go.
One of my companies is tied to the coffee industry and understand just how difficult it is to break into this market. As for cbd, that whole industry is flooded with want-a-be suppliers and have completely destroyed the margins.
As for ozone, they have a number of companies to go up against and likely gave up on this one years ago.
I continue to be in the shadows here due to the team members, cleaning up the financial records and the share structure. Now we just wait for the "show me the money".
IT, good eye.
Like you said, someone may have jumped the gun...which is hard to believe.
The other possibility is that they decided to withdraw the offering, because they found another path. Either way, I do agree with you, something is up.
It's been a long time coming.
Nice to see the team pulling this out of the fire.
FDA submissions under medical devices.
The path for reviewing and obtaining FDA approval is complex and extremely expensive.
While it is possible that the updated financials are to enable the needed funds to cover this cost, it is a bit earlier to draw this conclusion, given the present price point.
Assuming the application follows the format of “medical devices”, it is a faster and less expensive format. On average, a medical device application can take up to seven years compared to the drug approval process of 12-years. However, on the flip side, FDA has been working since 2014/2016 to improve and streamline the process of approval under Medical devices. This was actually sought by the agency in 2016 if memory serves me.
My assumption of a faster timeline is based on the approval process falling under a Class I, “low risk” review.
Medical devices follow a similar FDA approval process as name-brand drugs. Testing usually begins in a laboratory and progresses onto animal testing to address safety concerns. Then, the devices can be tested on humans to ensure safety and effectiveness.
An FDA decision can be made after the submitted data is reviewed. If approved, the device will be classified based on risk.
Class I devices are low-risk and non-surgically invasive devices such as bandages, handheld surgical instruments, and nonelectric wheelchairs.
Class II devices are moderate-to-high risk devices such as syringes, catheters, and contact lenses.
Class III devices are high-risk devices used for sustaining or supporting life or preventing impairment of human health such as pacemakers, fetal blood sampling monitors, and implants.
Like you, I'm not an expert when it comes to the FDA approval process. Especially, when it comes to odor control in senior diapers....LOL
All this being said, seeing revenue contracts and updated financials is a good thing for the longs here, while we await updates on the FDA approval process. At this point, my focus is on negotiations directly tied to product agreements, subject to the final FDA approval.
Stealth correct, I'm also of the opinion that they are not seeking FDA approval, but are seeking a FDA review for the marketing of the product.
I believe that this product has the potential to meet that standard.
Audit reviews have a potentially large value meaning in the land of OTC.
Stervc is correct:
Do the math!
MGON just went through the expense and time to bring the books current (which always gets my attention with a pink in the trips). In the September 2023 quarterly, it shows two contracts that confirm we should see revenues for the FIRST time in years.
While we wait for the testing outcome, the company should show us a financial filing that starts to move the needle and confirm what many here have been waiting for.
https://www.otcmarkets.com/otcapi/company/financial-report/387165/content
Liquidnano, Inc. On March 19, 2023 (10-months ago)
Liquidnano, Inc. (the “Distributor”) must purchase at least $725,000 USD of Product during the first twelve (12) months following execution of the Agreement, $1,495,000 USD of Product within months thirteen (13) to twenty-four (24), and $2,810,000 within months twenty-five (25) to thirty-six (36), where month one (1) starts on the first day of the calendar month immediately following the Effective Date. Volume targets beyond that will be mutually agreed upon but shall be at least $2,810,000 USD per year.
STAT Sanitizing LLC On August 22, 2023, (5-months ago)
STAT must purchase at least $500,000 USD of product during the first 12 months from August 22, 2023 and $1,000,000USD of product during the second 12 months.
Given how close to the vest management has been staying quiet, I'd say that shareholders are sitting in the sweet stop at this current pricing level.
Nice to see them continue to line up the ducks.
Given the mess that prior management created, this shows that current management continues to stay focused. This bottle of wine is aging nicely.
So...Shareholder value is the "new" focus.
We are quickly approaching the 2-year anniversary of the "new" shareholder value. Anyone remember the "Hugh" news?
https://www.otcmarkets.com/stock/VYST/news/story?e&id=2137643
Vystar Adds Vytex into RxAir Spin-off, Sets Spin-Off Record Date, Opens Opportunity for Reverse Merger Into Vystar/Rotmans
Truer words were never spoken!
Correct!
My favorite part of the press release;
Back at you my friend!
It was the "end" for this company years ago. Some just refused to see it unfolding.
Merry Christmas to all and to all a good night!
California or Washington DC?
Until we get updated financials recorded with the SEC and they bring us current, we have no way of knowing.
I have NO idea what the game plan is or was with the stock. I know we had some here believe it was tied to a token model, which at the time made some sense.
Sir M, nice to see you're still hanging in there.
For the first time in a couple of years, I'm more than optimist here.
There is a lot to unpack in the Solana interview. For the first time, we are learning that George's hypothesis of the consumers selling their data is now a reality. He did confirm on the record that they received NINE million users logging in to share their data, that was used by the top Ten consumer groups.
George also provided some insight into the different reasons they appear to have gotten the cart ahead of the horse, which "may" have been the reasoning behind the broad stepping down and the exit of our Bitcoin leader (on the fence with this one). As well as the lack of financial reporting and SEC filings.
On their Instagram profile they list an employee count between 51-200, not bad for a stock that isn't publicly traded.
George has now confirmed that they went from Web 1.0 to 3.0 (blowing past 2.0) and have now launch their revenue model. This of course would be great news for the shareholders here.
Normally I would agree with you on your post. However, I'm still on the fence about the reasoning behind the creation of the shares in the first place, since it may be tied to the Monetarization of the data and the points beginning earned. On the other hand, I still believe the move may be what is called a "poison pill" to prevent the takeover of a small company start up.
Either way, this stock warranties a deeper dive to confirm how to trade or hold once the company deals with the SEC and the needed updates to enable the shareholders to move forward with or without the company.
Bottom line, it isn't over until it's over.
For the benefit of anyone still following this company.
Talk #7: The Future of Web3: Exploring the Power of Blockchain and Digital Wallets | OMD RedTalks (simplecast.com)
This interview provides a little insight as to why the company went quiet and where they are right now. If you click on this interview and go to Big Token: 30:38 mark.
Company is NOW at the end stage from Big Token 1.0 (2.5 to 3yrs) Web 1 to Web 3
Quote:
Company is at the end stage of moving Web 3.0, have launched a MVP version to create their own wallets to engage their customers. Product is now built, with a handful of deals live on it now. Working to take this to the existing legacy consumer goods advertisers in play.
Totally agree.
Here is the presentation that recently took place in Amsterdam.
Big Token is now 3.0 and is back in play. As for the stock, that's another issue.
The good news is that BGTK is NOT dead.
https://www.bigtoken.com/
video located at the bottom of page.
Is George working on bringing this company back from the dead?
Has fat Tony found a new path to make money or to simply deceive shareholders once again?
Spent some time reviewing the Biochar Industry and found some interesting insights into just how many other players are in the same industry and who have been in it for over a decade.
https://biochar-us.org/suppliers-and-manufacturers
"We go beyond being just a biochar manufacturer" in Tony's own words.
It's going to take more than a poorly designed website to break into this market. Investors shouldn't be so quick to jump into this just yet, given the track record of this company. Its going to take REAL progress to show investors why they would want to jump back into bed with Sir Tony.
Tony would best serve shareholder's interest in keeping his mouth shut and simply deliver revenues IMO.
Some interesting takeaways from the Q:
Cash on hand is the likely reason for the $500K from John.
Revenues jumped from $1.7M to nearly $5M in the first 3 months ending 9/23 (things that make you say...really!)
Loss Operations cost jumped from $1M to $2.3M, with $1M increased tied to (rent increase).
Anyone here know what the rent increase is tied to? Vehicles or real estate?
Given how Citizens Bank last week was taken down due to the transportation industry, it is easy to beat up TLSS against the industry as a whole. Yet to see their revenues jump by over $3M in the first quarter is a little more than interesting. Just say!
Moving TLSS to the top of the watch list.
Totally agree!
Totally agree my friend!
I too am growing a little tired and leery. However, given my background I have a better idea of the hurdles they are dealing with as a start up.
OTC is for those that understand how to look for "potential" winners and who understand that a 10x or greater doesn't happen overnight. Especially, in a market with no financing and one that is heading for a major correction.
Megola has a good OS structure and a management team that "IS" finalizing the clean-up of their books. Now we need to see the team deliver on orders and expand their product line. Beyond that, the rest is noise.
It does when the financial records are missing.
Nice to see MGON is moving the chess pieces one step at time.
It will happen IMO. Given the financial mess they had to clean up, this slow process doesn't surprise me, given my background.
Perhaps the next 48 hours will confirm the new changes coming?
Perhaps!
WOW, trips! Just seeing it on the charts.
I knew it was bad, but really surprised TLSS made it too this level.
Could get really interesting down here. Glad I held off on this one.