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It's the MO of pinky land.
Find unknowing "good" people and get them to part with their hard-earned cash.
Find a story and print worthless shares you can dump on them, while the company makes up more lies.
Example; look at the folks today buying ($4K-$5K) in stock, into a RS, on a company that has failed to perform and is closing the only part of their business model that had any kind of a revenue stream.
Just be glad you're not sitting on millions of shares when you get your new statement with the related haircut.
Something tells me that Greg is going to have to come up with a pretty "sound" story to sell the new shares the company is going to have to print going forward.
Sorry, I have no idea.
I had the good fortune of meeting Spanky and his side kick many years ago on another one of their cooked-up scams.
You can book on the fact that they check in here from time to time to see what is being said about them.
You can also book on the fact that many of his partners in crime have distanced themselves, or should I say, herself from KB, when the FBI was called in to review his scam.
One doesn't want to stand too close to Spanky, since you don't know what you might get.
Agreed.
Let's just say I happen to know him better than most here.
IP, good eye.
I haven't taken the time or interest to dig into the weeds at this point, since I have no financial losses here. My only interest was to let others know (based on past exposure) who KB and Barb were in the real world.
Regarding your two options. There is a third possibility.
Given KB ego don't be surprised if Herzog and him parted ways due to Berman an unwillingness to listen to reason. After watching how Berman went after the SEC, it is very possible that Herzog became no longer interested in representing a mad man.
That being said, I believe your first option of NO MONEY "may" have played a key role. However, once a firm is engaged, it is not uncommon to carry the client over the finish line without getting paid. It is difficult for a firm to legally walk away when their client runs out of money.
Interesting swing, still need to see some volume support.
I'm impressed...NOT
They had to file the Q in order to report the conversion of the shares. Otherwise, they would have received a worthless lawsuit aganist the company, ahead of any possible settlement that may or may not be coming on the pending court trail.
Filing the Q was the lesser of two evils and expense.
The common shares or the "little people" are about to find out just how valuable their shares really are.
Interesting.
The fact that KB didn't show up to fight the judgment, says volumes in my world.
IF he had any assets, they would likely be held in different corporations under a number of different shields. In order for the parties to collect, they will need to pierce the corporate veil. Which is a high bar, unless they can show how he moved company funds around to hide his ill-gotten gains. Which is a whole new legal bill...LOL
No surprise here, thanks for confirming.
Yes, they won't see a dime.
It's true what they say, you can't fix stupid.
Was the judgement against him personally or just against DECN?
I'm guessing the private placement only pertained to the company, which will make the judgements worthless.
It is not only common to watch investors not do their DD prior to investing in a company. It is even more disappointing to watch an investor throw more good money after a worthless judgement. Given KB age, they will never see a dime.
Swamp Gas
Thanks for posting the link on the case with Lou and Broken Token.
While it doesn't much matter at this point "financially", it will be interesting to confirm why Lou was shown the door.
Given the total collapse of the Bitcoin and FTX, I going to go out on limb and say Lou is likely no longer in a financial position of strength to see this case go the distance. Also, given how any agreements he had were likely directly tied to BGTK, it is also fair to believe that any award on his part would be just as valuable as the stock we are all sitting on.
In other words, both sides are throwing good money after bad. Just saying!
Time fly's when you're having fun.
Correct.
You were saying...LOL
Interesting up tick with volume and price moving up.
Looks like someone knows something.
ITYS, well said!
There are a number of us in the shadows with many of the same thoughts.
Ton, well said!
You summed up things pretty well.
Not only did shareholders lose big with the clown show, but a number of employees will be out of a job and standing in bread lines.
Once they close their doors, the soon to be, last one out turn off the lights, will find out what happens to their share value when a company pulls the plug on a business on life support. In the real business world, this company should have pulled the plug years ago.
There is one major difference between these two cases.
“I regret my failings with every cell of my body,"
I haven't seen KB show any remorse like we saw with Elizabeth. Spoiler alert, Judges do not like someone who cops an attitude like this Bozo.
The judge will likely come after KB with both feet, given how he tried to interfere with this investigation and is a second time offender.
Yes, my friend, this is a huge filing.
In some ways, it's hard to believe we are sitting at this PP, given these new numbers. On the other hand, it's why I see the up listing holding us back "for the moment". Even with a lack of the company spreading the word.
Golfer, I haven't had time to dig into the weeds to confirm. I'm buried at this time on a large development project.
If I get sometime this weekend, I'll review and let the board know my take.
I'm in the camp that the up listing (which will be a good thing) is going to cause some "short term" pain to the stockholders. The company really needs to get the listing behind us. Additionally, we need to start seeing revenues with the new resort model and water units.
Here's the good news,the RS should provide for some nice entries or loading depending on how one stands here.
Yes Sir!
Nice to see them moving the ball forward.
Just catching up on today's news.
While no surprises here, given the timing and reasoning for the cash. It will be interesting to see how the offering goes, given the current market conditions.
Good eye on the volume ahead of today's news.
Now, the question in my mind is what the RS looks like for the up listing and if the market will be kind?
No surprise here...LOL
I have a business "insight" you might say.
As I posted back on August 30th:
Each one of these milestones not only brings valuation to what GG is working on. It also brings a great deal more exposure to the company and in turn new stockholders.
A $29M parcel purchase is great news for the longs.
Nice read for those who are more than drive by posters.
I'm not sure which is funnier!
The entertainment of this room or the fact that a few hundred dollars can move this stock 50%
You ask a great question.
C, you are spot on.
Been at this game for nearly 50-years and can tell you that this is exactly the issue with this company.
I got into this stock nearly 2-years and have watched a number of good and knowledgeable traders show up here, who have left for this very reason.
The few that have remained (like myself) are simply seeing the bigger picture that is unfolding and are not your average flipper.
Here's the good news for someone who understands the fins, this company and its management are building value for the shareholders. What they just pulled off under the covid market conditions was not easy.
Investors who are here and slowly adding will be rewarded "in time".
You are correct.
I personally own the unit on the left in the pic. I've had it roughly a year and really enjoy the quality of the water it produces. Which in Oregon is hard to beat given our abundant clean water supply.
I consider the unit a great "plan B" in the event we have local water issues with the water supply. Having one of these units before manufacturing gets back logged was a no brainer for me.
Anyone watching what is going on with my neighbor to the South understands what I'm talking about.
Nothing like a great Q to wake this board up.
Just might be the kind of Q to raise the bar, if you know what I mean ;)
Totally agree my friend, nice move on your additional position today.
Still digging into the Q deeper.
RJ, just hit the highlights, your going to like what you see.
Receivables jumped from $90K to $800K (huge jump)
Assets jumped $70M (without counting goodwill)
Current Liabilities of course jumped $10M
Non-Current (Resort) jumped $71M
BIG NEWS
Revenues for the past 9 mos is up 40% on $7.7M (Not bad)
And my favorite line number:
Net profit is at ($2.2M) compared to ($4.3M) a 50% decrease.
Which not only shows this is heading in the right direction, but with the increased revenue model on the resort and water machines, you can begin to see why the company is hiring a lot of new faces.
Love to see how they got this out ahead of the time limits.
Now to dig deeper into the filing.
https://fintel.io/doc/sec-altitude-international-holdings-inc-1664127-10q-2022-october-31-19296-6583?utm_source=fintel&utm_medium=email&utm_campaign=filing-b
No problem!
Whenever I see a company ramping up like ALTD with new employees, it's a great sign that they're taking it to the next level.
Should get interesting around here, and I'm not talking about the ALTD village idiot.
We are going to need a bigger boat!
https://fintel.io/doc/sec-altitude-international-holdings-inc-1664127-8k-2022-october-28-19293-9712?utm_source=fintel&utm_medium=email&utm_campaign=filing-b
Company is adding new employees at a VERY fast rate. You know what that means...show me the money.
Another great example for Meta...LOL
Meta's problems continue to mount up against Zuck.
https://apnews.com/article/business-seattle-washington-8e0dfaf7f9d7246583da33693559d36e
Go woke and go broke!
Interesting MM games at the close today.
We had 1,486,722 of the total shares (1,539,000) traded, bought at the ask at 91 to 92, followed by a MM print ($0.008835) at less than a $1.00 to paint the stock down at 88 on 100 shares.
MM are playing games here ahead of the escrow.
TD should get a life...LOL
Normally I wouldn't even comment on a ALTD 100K x two trade. But a $7,800 buy on a stock that sees little too no volume it good to see.
Looking forward to the day when 100K trades are running long and strong, show me the money...LOL
Good eye!
Wasn't watching the close. I hate it when someone paints the tape with large blocks at the close...LOL
RJ, well stated!
2023 will be interesting to watch.
Luck has nothing to do with it...LOL
Yes sir, a tail wind is much better than a head wind when you're in the trucking business.
Looking forward to the day when Brandon is not in the market screwing it up BIG time.