Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
Scroll down to post #27,539 and click the link.
People can also use the ignore button like I did, and they quickly become irrelevant with zero audience.
Exactly what I thought, you're a liar. Got it ✔️
How am I fake? What have I posted that would indicate that? Please enlighten me.
More than 400M? Wow, that's impressive.
How many shares do you have to be holding to make insane profits?
Simple math says it would not put them at zero cash. It is "one" quarter of profits.
I've said a few times now, 5B is a good start for the buyback. I'm hoping for 10B, but that is probably too much to ask for at this time. Their quarterly profits could wipe out 5B pretty easy though.
There is no "news", just meaningless announcements from the company that provide nothing, as they dilute behind the scenes. This company is very misleading and manipulative.
It shows that way typically because shares are being bought on the bid and not the ask. I've seen it lots of times now on several different tickers.
For those interested, there's a good step by step slide in this link once you scroll down past all the language formality stuff.
https://app.quotemedia.com/data/downloadFiling?webmasterId=104881&ref=319431912&type=HTML
I look forward to what you find out.
Step 1: Secure authorization
Board approval: A company's board of directors must meet and approve the share buyback plan. This involves affirming the repurchase program's objective and determining it is in the best interest of the company and its shareholders.
Shareholder approval: In certain cases, such as a private limited company buying back shares out of capital, a special resolution from shareholders is required.
Check governing documents: The company must review its articles of association and any shareholder agreements to ensure the buyback is permitted.
Step 2: Make a public announcement
Disclosure of intent: Once the board has approved the plan, the company must publicly announce its intention to buy back shares.
Required details: This announcement must include key details, such as the maximum dollar amount or number of shares to be repurchased, the timeframe for the buyback, and the method of repurchase (e.g., tender offer or open market).
Step 3: Execute the buyback
Select a method: Companies can repurchase shares through a few methods:
Open market: The company buys its own shares on the public market, just like any other investor.
Tender offer: The company offers shareholders a specific price, often a premium over the current market price, for a set period.
Private negotiation: The company can directly negotiate a buyback with a large, specific shareholder.
Meet timing and volume restrictions: For public companies, particularly those in the U.S. and under the SEC's Rule 10b-18 safe harbor, repurchases must adhere to specific conditions regarding timing and volume to avoid market manipulation charges.
Consider excise tax: As of 2022, U.S. public companies are subject to a 1% excise tax on certain stock buybacks, which must be factored into the cost.
Step 4: Update regulatory filings and financial records
Regular reporting: Public companies must file regular reports detailing their repurchase activity with regulators. In the U.S., this includes quarterly exhibits in Forms 10-Q and 10-K that provide daily repurchase data.
Account for transactions: A share buyback affects a company's financial statements by reducing its cash and shareholders' equity. The repurchased shares can be either retired or held as "treasury stock".
Narrative disclosure: Public companies must also provide narrative disclosures in their periodic reports explaining the rationale for the buyback and the criteria used to determine its amount.
At the very least, I would hope a 5B buyback is in the works. Buying 10B or more back would get real attention, and immediately bring sizable shareholder value.
I won't hold my breath either on a buyback, but it would sure be damn nice to win one for once. I am hoping for the best for those who have been patiently waiting for something good to finally happen here.
What they did accomplish recently was finding a way to dilute 1B more shares....smh
They keep saying they are working on getting it removed, but somehow it still remains.
Needs to be under 1B.
Dilution
Pretty sure they already announced buying back shares in Q3. I don't remember if it was in an 8k or not. I would need to go back and look.
It is not going to move for a while IMO. They are just now starting to generate revenue as a company. They've confirmed marketing and increasing revenue is their focus right now. The SS is grossly bloated, so a lot of revenue has to happen first before they'll consider buying back any shares. I hope I'm wrong, but at least they're starting to finally be more honest with shareholders.
I use the E*TRADE online platform. Buying OTC's is not a problem unless a company goes into Expert Market status. Signing up with them is pretty easy.
Hope you're right 🤞
That is absolutely not true. I've bought shares that were released at .000001 and .00005 in the past. Retail can only put a buy order in at .0001, but you can get shares filled for less. Retail can also put a sell order in just to get out, and those can get filled at .000001.
Until they decide to have a grown up conversation, like address the share structure, this simply will not move much. Getting to .0003 is most likely all it will do. I hope I'm wrong.
If they would issue a PR saying they have allocated a minimum of $25,000 a month to buy back shares on a monthly basis, then shareholders will see meaningful movement.
The OTC is a different ball game when our government isn't handing out free money to people.
I would expect them to hit about 30 minutes after closing bell.
Wow, looks like it was a sizable amount too. Sickening....
That's a bunch of people who had bids at .0001 getting their orders filled. Hopefully they went into hands of people who want to see it go up more than a tick or two.
That's all good, but it isn't going to move the needle much. The company needs to do more, like buy shares back or retire some. The SS remains bloated and it won't get the attention it needs being like that.
Going to be tough to find one for a company that just went from OTCID to Pink Limited....smh
These people belong behind bars for all their shenanigans.
Interesting to see your change of attitude towards Henry. He has a knack of misleading a lot of good people who once strongly believed in him.
Not demeaning your post because I can believe Henry told you that, but Henry has a long history of meaningful positive posts that have led to nothing for investors. Personally, I do not get excited whatsoever about anything Henry says. His actions over the past several years are criminal in many cases, so I have a hard time believing in anything now. Actions speak far greater than words, and especially any words from Henry.
Please enlighten us on anything meaningful they’ve responded with. Responding with the same thing via email or a phone call isn’t a valid response.
They don't respond to anyone.
I'd love to see just one pump to at least .001. The only problem is I'm sure there's many others wanting the same so they can leave too.
We're going to know something sooner than the end of November. I'm sensing something will be announced before the end of this month.
The only chance in hell of excitement here is if Dennis Alexander sells the ticker. He hasn't been involved in trying to get this current for years. He's holding out in hopes of selling it at some point. This company does nothing and makes no money. Sorry to burst anyone's bubble, but as long as Dennis holds the ticker, nothing good will ever happen to people holding shares.
Wow, trades of .0001 happening today. They have decimated any investors enthusiasm that was potentially left.
Lots of fed up investors tired of the wishy washy games this company plays. I could not fault anyone for selling and moving on. This company does not have good leadership at all.