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Not surprised at all!
But, their 12b-25 late filing extension expires tomorrow, Sept 15.
60 day deadline, plus 3 bonus days are behind us.....still no filing.
Maybe they're on vacation? Maybe they forgot to load a reminder in their calendars?
What's your guess?
Small investor1
Tuesday, July 19, 2022 11:33:56 AM
Re: None
Post# 4765 of 4773
Opps looks like so eone owes Instadose an appoligy. Everyone needs to read the reports and not speculate.
JMO.
sitting quietly until Aug 1.
:)
July 16. End of fiscal Q2 +45 days has come and gone. No new filings on EDGAR.
Great job Instadose :(
Losers.
Their last 10K filing (annual report) was for fiscal year end Nov. 30, 2021.
Their Q1 end would have been Feb 28, 2022. They were late with that 10Q.
Their Q2 end was May 31, 2022. Their 10Q filing is due tomorrow, 45 days later. July 15.
source: https://www.sec.gov/edgar/browse/?CIK=1697587&owner=exclude
Two days till the 10Q is due.
Do they file within the deadline this time around??
Who's taking bets? LOL
They've got a 10Q report due in about 3 weeks. July 15.
For the quarter ended May 31, 2022.
Wonder if that will get filed on time, and if so, what will it contain??
I would have guessed private earlier in the year, and pay some dividends to long suffering shareholders.
Then I saw that first quarter filing. That whopping $5K in the bank isn't going to go too far on dividend payments.
If there is anything real to their business, anything at all, they must get it going and make some money at it. Getting a fat bank account to sit on will help them immensely.
Why only Canadian?
Share dilution hurts everyone - no?
The book is on Amazon - just over 5 bucks for the paperback.
I'll give it a go for that price.
https://www.amazon.com/Hemp-Conspiracy-Corruption-Individual-Consequence/dp/1449538150/ref=sr_1_1?crid=2K1K1NEE0ESAX&keywords=hemp+conspiracy%3A+a+true+story+of+state+corruption+and+individual+consequence&qid=1652640052&sprefix=%2Caps%2C58&sr=8-1
Holy shite!
19.5 + years before marijuana became legal in Canada.
You would have to think they were intending on bringing it back to the great whit north.
Play stupid games, win stupid prizes.
I was looking for this too.
There were at least a dozen links to the original news release on this forum referencing how super-fantastic, extra glorious that shipment was.
Now it turns out they have nothing to show for it. That's gotta take the wind outta your sails.
Ouch
Liquidity and Capital Resources
As of February 28, 2022, the Company had an accumulated deficit of $(172,724,015) and a working capital deficit of $(10,087,817). Our ability to continue as a going concern depends upon whether we can ultimately attain profitable operations, generate sufficient cash flow to meet our obligations, and obtain additional financing as needed.
Bigger Ouch - paying for services with stock, which is currently worthless.
Operating Activities
For the nine months ended February 28, 2022, the Company recorded a net loss of $(37,810,674). We had stock issued for services of $29,924,818, stock issued for services to related parties of $3,800,000, accrued salaries of $1,134,083, amortization of intangible assets of $1,374,768 and other expenses of $1,577,005. As a result, we recorded net cash used in operating activities of $1,504,372 for the nine months ended February 28, 2022.
For the nine months ended February 28, 2021, the Company recorded a net loss of $(20,580,874). We had stock issued for services of $9,692,559, stock issued for services to related parties of $8,000,000, accrued salaries of $1,058,833, amortization of intangible assets of $1,374,768 and other expenses of $(889,366). As a result, we recorded net cash used in operating activities of $(434,652) for the nine months ended February 28, 20220
Of course, the optimist says those accepting the stock for their service must know something positive and when it breaks, there will be so much money made, they will have trouble counting it.
Evicted?
What's he doing paying rent? He did have a bunch of coin he put into INSD, you'd think he'd own whatever place he decided to live in.
Going private is an option, if someone has the cash to buy the shares that are outstanding.
Probably only makes sense for Grant to do though as he has ownership of the majority of shares and there would be fewer for him to buy - rather than someone buy his.
Might be a good idea if he can afford it and actually has something positive happening business and operational-wise that none of us know about. Get off the radar, get your business going, make some money, try it all again in a few years.
Not a lawyer, but I cannot imagine how going private would ever be an escape from the charges he is currently facing. Surely he will have to answer to the regulation agencies/courts for what he is accused of.
Link to an Investopedia on going public to private.
https://www.investopedia.com/ask/answers/05/publictoprivate.asp
Expert market.
Was this the positive vibe that was predicted? Glorious? Golden, $$$$.
We can't even see a quote on it now. What a mess.
Thank you for posting that link about the December shipment again.
One might think a company as fantastic as INSD would have other info to share, but hey, you go with what you've got I guess.
Thank you.
The rest of us were asking you. Given the consistent credibility of your well written posts, I'll go with your explanation.
I just showed you in post 4367
Their year end is Nov. 30. Which means the end of their Q1 is Feb 28.
They have 45 days to file a 10Q from the end of their quarter. That would be April 14.
They did not file a 10Q on April 14. Instead they did a NT 10Q. Which gives then an additional 5 calendar days.
Today is April 20. There has been no filing. Therefore, they are delinquent.
Reminder to alert us on the golden part. Or even $$$$ part.
10-Q Deadlines
Company Category 10-Q Deadline
Large Accelerated Filer ($700MM or more) 40 days
Accelerated Filer ($75–$700MM) 40 days
Non-accelerated Filer (less than $75MM) 45 days
Given that Wylie signed off the NT 10Q on April 14, it appears INSD had a 45 day deadline from the end of their Q1 Feb28. (31 days in March + 14 in April =45)
You've seen the statements from previous posts that show they must file in 5 calendar days. April 14 + 5 =April 19.
They're late. Period.
A 10-Q filing is considered timely if it is filed within this extension. Failure to comply with this extended deadline results in consequences, including the potential loss of the SEC registration, removal from stock exchanges, and legal ramifications.
EB has 8,628,000 shares. (public info)
Which are at $2 today. Over $17M by math. It was over $68M when he woke up this morn.
Not that he'd ever be able to get anything out of them. No volume and no trading for all intents and purposes. Wallpaper.
This goes back to my thought that if this was a scam, they messed it up it royally.
The people on the inside running the hoax would have made so little during the time before the suspension. If they were scamming, they left a lot of money on the table by screwing up.
1:30 pm eastern, 2.5 hours to market close, and nothing published yet.
But a whopping 105 shares traded so far today at $2 per.
Officially shows as losing 75% of its value. (down 6$ from 8)
bold font: Please be sure to alert the group when we're at the GOLDEN part.
The merger is done. The original Canadian shareholders have x1.34 their shares in US stock. A handful of them writing on here they were have trouble getting it from the escrow agent to their broker or bank in Canada.
So it would seem to be that INSD Can is no more, but there are so many nuances and partnership deals that you just never know.
example - the latest 8k detailed some of their alliances in Canada that are not yet complete.
Was EB on the website as Vice Chairman INSD Canada previously? So his profile being gone is new? (is there even an INSD- Canada anymore?)
Or if it is recently removed, is it that they are just slow to update their site? it's not news that he declined to accept the CEO position.
https://www.newswire.ca/news-releases/instadose-us-announces-management-transition-825983916.html
I am ready to watch Very Closely What Happens in the Very Near Future
It’s Going to be The Best SHOW Ever!!!!!
Go INSD GO. Make me rich, I want to buy a boat.
They really should update that first line. It's not accurate. It does not trade on the OTC market.
It's suspended.
"Instadose Pharma Corp. is incorporated in the state of Nevada and trades on the OTC markets under the symbol INSD."
Thank you for posting these.
It is going to save me so much time going back through the old posts looking for where these have been posted before. Plus in google searches on "old INSD news"
Let's go INSD. We're going to be rich.
"I believe INSD made much more money"
Proof please.
What you believe is irrelevant. A statement like this must be supported by facts.
"Any and / or All of the above may have been used against INSD imo."
Prove it. Those are claims that need facts to support, not an opinion.
The previous poster is showing facts to prove you wrong.
Yup - my mistake.
200/550,000,000 = .000036%
How abusive is this?
A whopping 200 shares shorted, divided by 75M shares outstanding = .0003% of shares shorted
How abusive can .0003% be? It doesn't even qualify for a drop in the bucket.
Or are you referring to a stock like Game Stop (GME) where they have around 12M shares shorted of their approx 76M in circulation?
"In any case things are progressing in the Right Direction for INSD!!!!!!! "
There are absolutely zero facts to support this. None.
I don't see that trade at a dollar.
03/18/2022 15:42:32 0.0005 -5.00 200
source: https://www.otcmarkets.com/stock/INSD/quote
Please explain why you think that should be considered relevant in any investment decision.
You're selling a car with a private ad and ask $1,000, but the same guy keeps coming back to you every day and says I'll give you $25, period. You think that is a good thing?
Perhaps there is a new strategy afoot. I read on here some time ago that many of the initial INSD Canada investors got in for somewhere around $2CAD per share during an initial fundraising 4-5 years ago.
Today, thanks to the INSD Can/MKRZ/INSD US x1.34 business, an original investor needs to see just over $1.15 USD per share to make back their Canadian money. (round numbers due to fluctuating exchange rate)
In order to do that, the company begins the crypto-style play, the one where they get people who do nothing more than hype the stock at every move, even when they have no idea what they're talking about, the hype machine stays running. Lots of TMB. ("trust me bro")
The company forces a trade or two that makes shares worth a fraction of a cent. (See Friday's close) That gets some enthusiasm generated around betting purchases. People know for the price of a very nice evening out, or a monthly trip to Costco, they could use a similar amount of money and purchase a million shares. What if it goes to 50 cents? A buck? More?? They start looking at the Lamborghini website.
A Reddit page is started and since there actually are photos of a factory in Skopje, and confirmed large deliveries of cannabis, enthusiasm really begins to build. "It's definitely better than the latest meme-based crypto coin. These guys actually have something, TMB."
Initial investors, maybe company officials who already have millions of shares, none of which are restricted, jump out along the way to re-coup their investment with at least a x1.34 bonus in USD.
Maybe they have a term for this. /s
Or maybe it's Sunday and the weather outside where I am is rainy and I've been inside too long conjuring-up nonsense.
Yesterday:
Close :0.0005
Down :4.9995 or -99.99%
200 shares of volume. Total trade on that volume = 10 cents.
Who would make this trade? At minimum it costs around ten bucks at a discount broker. Why trade a ten dollar bill for a dime?
Is it an inside the company trade? Isn't this what they're in trouble for already?
Seriously curious. If this can legit trade at $.0005, I'd bet $500 on it for a million shares. (Gambling, not investing)
You can get any 8K on EDGAR.
Here is the link to the Instadose page. Last docs filed January 7, 2022.
https://www.sec.gov/edgar/browse/?CIK=1697587&owner=exclude
There was no attention until you brought it up, post 3128 Friday around noon.
Suggested the DOJ get involved etc.
INSD USA is beyond inconsequential. It was a scam run on the lowest tier of the OTC markets, and not even a good scam. It was ended before it got a chance to gain huge momentum. Which overall is a good thing because relatively little money was lost.
The paltry 1500 shares that are shorted on INSD are a drop in the ocean. They are making making no one nervous.
Let's add some data here:
Look at the list of stocks with a high short interest position.
https://www.highshortinterest.com/
This is the Top 35. Every company on here shows a short interest of greater then 20%. 1 in 5 shares shorted at minimum and not yet covered, aka short interest. The top company has more than half of its shares shorted here. In total, there are close to 4 billion shares shorted on this top 35 list alone. Note the exchanges as well - all major. No OTC, certainly no Pinks/Grey.
INSD had a float of 75M trading when it was suspended. The number of shares shorted (as stated on here) was 1500. Assuming none of them was covered yet, that's a 0.002% short interest position. As a previous poster said "hahahaha"
The DOJ likely has much bigger fish to fry. Highly doubtful their scope widens to include INSD with its whopping 0.002% si.
Sorry you lost money dude, but you're going to need to put this one in the experience bank.