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You are well aware that was before the merger of Vitana X. Those shares are gone
Those convertibles were set from before the merger and were miscalculated by the CEO who is no longer here. They werent changed on a whim.
They just have to get this company to double digit millions in revenues like we thought they would be at
The 10 Million share incentive doesnt hurt either
yes the entire OTC is dead currently, until the day that it isnt again
300+ mill volume and 3s are back up
A new set of disclosure released yesterday, so I have to imagine they are serious about getting current and starting up some operations.
Great fact checking! Sticky worthy! Do your homework before just reading numbers.
Nice to see real verifiable DD about VITX, instead of distorted figures to create FUD ... well done!!!
Thanks for the informative post. Could you please tell us when those restricted shares are available to be sold in the open market?
Those listening to the FUD on this board
100%
They wouldn't ... hence why I said that was my dream. :)
That has been my dream from Day1, that they would rope in one of the sisters to promote this. Although Kylie would be the better choice currently.
You are entitled to it and I'll agree to disagree
Not really. There has been no toxic funding from the lender he stated since Vitana X took over.
You both know that
That was GHHC not VITX
That's actually a good one. +1
Well said ... drown out the FUD and make an informed decision
The CFO
It is also nice to see that the new American sales leads have been given a stock incentive plan which would increase revenues to 5M a qtr over the next 3 years
That is a good/valid point. I had tunnel vision just thinking about the convertible debt to restricted. Can we confirm these are still being actively purchased?
Those shares are restricted and cant be sold for at least a year from the date of issuance because VITX is not an SEC filer.
A few takeaways from the latest filings -
- Alois still has no skin in the game ... LOL. I bet his contract had some stock incentives based on milestones being reached that he didnt achieve.
-The CFO will be compensated with 10M shares, so now we know his motivation to improve the PPS.
-Anna has 20M shares based on the funding she contributed way back when and she has more shares than former COO Mathias Goeth. So her Twitter activity should reflect her motivation as well.
-As Pastry said, good to see many of the converted shares were over .01, all of which are still restricted and untradeable.
-Good to see, very little convertible debt left, rather than the 2.8M that was hanging over our heads.
Now it is time for them to produce going into 2022. I am curious to see what Christoph and crew have up their sleeve increase shareholder value, now that they all have their shares issued. Surely those original stakeholders want a much higher return on their shares issued at .01.
Down from $3,765,186 in 2020. Isnt context grand???
That 1.2M is only after the merger. They had $2,369,224 in gross revenue from 2020-2021 fiscal year. Again, that is from 8 months of a soft opening and 4 months of a full opening in Europe during the heart of the pandemic. Now they are starting to sell in the number one MLM sales market on the planet.
Good things coming in 2022.
Amen!!!
I wouldnt set yourself up for disappointment like everyone else did back 6 months ago. Nothing substantial happened in the past quarter. A new opening in Budapest? Sales starting in Dubai? Europe has been hit incredibly hard with COVID this past few months, so if the revenues stayed the same or increased a bit, I'd be happy with that. The growth that we should be excited about is when the selling in the US, Russia and Asia start in earnest.
If they were running the company then we would have never gone current. Sammer PR'd the new CFO taking over after Alois was not renewed and everything was fixed and completed promptly and efficiently. If GHHC were still in control none of that wouldve happened IMO
I heard speculation that it is making the trades for the overseas German brokerage that trades VITX also.
Does anyone ever do DD before they buy something. No one should be surprised the full launch is in May for the US. Every freaking zoom call had the graphic showing they launch dates for each region. They have not missed a deadline yet and have actually added a few regions that weren't mapped out too
Not me ... This one is all hyped out. They are going to have to come with results now. Was nice to see some new faces on the Zoom call and people involved that may be able to get this one going. They need to get all of their ducks in a row by the full US launch in May. N America and Asia is where the bulk of an MLM's revenue comes from. 2022 will be the make or break year for VITX.
Over 400K each Q
The company has to be fully committed to the Launch. If so, most MLM's make the bulk of their revenue in North America and Asia. The next two launches in 2022
Yeah ... If those weren't restricted and all
1.6B shares have not been added to the float. Reading is fundamental.
The convertibles are restricted and cant be sold yet
2.5M at .0046 ... wow. Someone was hoping for that big PINK current magical one day pop. Didnt get it and is dumping hard
It appears this is why the word potential was being used.
"Due to the travel ban for travelers from the European Union effective until November 8, 2021, it was not possible to host a live event in Florida, as previously planned earlier this year. Management decided to move forward with this as a virtual event in order to not further delay its U.S. launch. "
A little communication on this would have stopped a PPS collapse ... but, I digress. Onward and upward. Long climb ahead.
No, just the occasional 500K being dropped on the bid when it clears .0065