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Dilution Pig eating your Money! Chomp Chomp
So much for patent news. The market doesn't look to excited.
Only 4.3 million shares traded & barely holding green.
Big disappointment
Only the company knows that kind of information ,
Certainly not you!
With all of the on going dilution , it doesn't appear that they plan on paying off notes anytime soon.
I hope I'm wrong , just saying.
Good Luck
It doesn't work like that
The company already received the money months ago from all of the notes that are currently on their books.
$339,000. Note due tomorrow
Crown Bridge Partners Note due on Jan. 3rd 2019 of $339,000
so with them getting shares to sell @ .000232
(based on their 42% discount to the resent low of .0004)
it will take 1,461,206,896 shares to satisfy this note.
That's just one of the notes coming due , there are many more to come in the next few months. That's why the company just raised the A/S to 8 Billion because they knew what was coming.
Good luck
Cheapies are flying off the shelf!!
There has got to be more to this story here!
Loaded some just in case
Yup , it was @ .0004 on Oct 19
It ran to 4 cents in two months
Of course we've got A lot more shares here so .01 would be a good target.
Yup , KALY did the same thing before the run to 4 cents
Patients pays big on these types of plays
GLTY
Scroll down page to the 10/05/2018 10Q
https://www.otcmarkets.com/stock/RCGP/disclosure
The current chart setup looks just like before the run to .0029 back in March 2018
GLTY
Anyone know more about this?
Investors given shares @ .0002
From latest 10Q:
investors were issued a
(collectively) controlling interest in the Company consisting of a total of 484,766,388 shares of common stock.
These shares were issued in exchange for a total Purchase Price of $95,000.
Also what are the underlying fundamentals that will support even a 130 million market cap?
All these peeps saying the pps will go back to dollars are dreaming!
BLSP did go that high last year but the O/S was tiny.
From 10q:
As of May 11, 2018, there were 3,993,561 shares of common stock, par value $0.001 per share, issued and outstanding.
https://www.sec.gov/Archives/edgar/data/1419582/000138713118002188/blsp-10q_033118.htm
The O/S has increased 18,000% since May
With the new A/S of 8 Billion I'm sure the O/S will only continue to skyrocket upwards.
There is a Crown Bridge Partners Note due on Jan. 3rd of $339,000
so with them getting shares to sell @ .00025 (based on their 42% discount to the resent low of .0004) it will take
1,356,000,000 shares to satisfy just this note.
That's just one of the notes coming due , there are many more to come in the next few months.
You obviously don't know how companies payoff their convertible debt holders.
With the recent price per share low at .0004 , that means the debt holders are getting shares for .0002
So 100 million shares diluted only pays off $20,000
With their business model of losing 2 dollars for every dollar they earn , it would actually be better if they had Less revenue!
That's what happens in these OTC "Green Energy" stocks .
For every dollar they make in Revenue they lose 2 dollars.
If they don't fix their business model soon, they will go bankrupt!
This company is desperate, that's why they're averaging over 40 million shares per trading day in dilution and of course why they just raised the A/S to 8 billion
While those numbers are impressive , the liabilities/debt are even more so.
$56,244,000 in liabilities/debt
$13,000,000 loss for 9mo.
Trade it , don't marry it or you will be a bag holder!
No doubt about it , they have pretty good revenue.
No where near the projections they were forecasting for 2018 though.
Last quarter they had 2.3mil in revenue but had a net loss of almost 5mil. That's why they keep taking out more toxic loans .
The more they make the more they loose.
Now that the note/debt holders have driven the pps down to .0004 , they get shares for .0002 to sell to U
I wasn't saying they will R/S right now .
They just raised the A/S to 8 billion , so there are still plenty of shares to sell. But if they don't slow down the printing press soon , traders will move on .
Stock traded almost 400 mil shares today and still couldn't close out of the trips!
That's true . A 800k Market Cap is still low .
Hope they unplug the printing press so this pig can fly again or traders will move on & the company will have no choice but to R/S & start over with a new round of shareholders.
GLTY
Well , I don't think anyone that's been around for a few months can deny the obvious dilution going on.
From the latest 10Q - On November 14, 2018, there were 104,586,168 shares. Then on December 18th they updated the OS to 405 million.
So from Nov.14 to Dec.18 there was around 700 million shares traded & they diluted 300 million shares and at a much higher PPS. (Avg.= .0021) That's 40% of the volume being dilution.
Then since the 18th there has been over 1 billion shares traded at a much lower PPS (Avg.= .001) 40% of volume = 400mil, so that's why I'm probably not far off by saying there is around 800 million in the O/S now.
There is a obvious reason they raised the A/S to 8 billion & that is to sell billions of shares!
WoW the CEO Nelson Grist, owns 2,094,681,446 Shares
Record Volume & only up 1 tick = Dilution
There has been almost 1 billion shares traded since the last O/S update on Dec. 18th .
I wouldn't doubt it if the O/S is over 800 million by now.
Sure wish they'd let this pig breath so she can run again!
Why such a high Market Cap? = $129,271,037
I agree on your point about the R/S should've taken place before the Reverse Merger company was announced.
It would've wiped out the previous companies shareholders but it sure would've been nice to start off with around a 10 mil O/S
It also would've removed the fear of there being a R/S to uplist.
Oh well , we'll see what happens soon enough.
GLTY
Maybe so but why would Michael Doherty buy a shell that has that kind of windfall to the previous CEO ?
There are many shells you can buy for $200k - $300k and receive all of the previous management stock (preferred & common)
That is one of the biggest questions I have??
What happens to the Ex-CEO's 351 million shares??
Seems like Michael Doherty would've taken ownership of those shares or at least had them turned over & return to treasury.
WoW! 405,287,320 O/S & Market Cap = $324,229.
Just a QB shell would cost that much.
$43,956 in assets
So glad I averaged down with .0006's
Happy New Year
Monday (((((((Kaa Boooooom))))))) Got Shares?
What's this new filing mean? Delay on registering shares ?
Maybe no dilution for now?
Yup , buy the rumors & speculation ,
Just make sure to bag your profits before the pump gets dumped!
If you wait around for the company to actually prove "real" revenue , you'll most likely be a bag holder!
99% of these stinky pinkies are nothing more than company wannabes that will never accomplish Jack.
Its amazing how some of the most obvious scams actually run the best!
GLTY
Trying to decide whether to buy Kaly or NOU*V
If I get NOU*V I can get 26 times as many shares than if I buy KALY.
Might wait till KALY goes down a little more & pick up some NOU*V while it's still in the trips.
No , haven't gotten a response.
I guess you don't know about the skull and crossbones and possible halt tomorrow?
Why would anyone buy this stock!
For every 1 million in revenue they have 7 million in losses!
Good luck trading this POS
Market Cap only $405,287. A little more than the price of a empty QB Shell!
Once they stop diluting the PPS will skyrocket!
Be patient & GLTY
There is a PDF file located near the bottom of this article.
Its a company release that came out in September.
Nice read
If anyone knows how to post a PDF file directly to a post , it would be much appreciated if you could do so.
TIA
GLTY
http://m.digitaljournal.com/pr/3951557
((((((((((SANTA CLAUS RALLY))))))))))
GLTY
I didn't say the reverse split was happening today, I said it could be as soon as today.
Quote from filing:
"We currently expect to file the Amendment on or about January 2, 2019."
I think the words "or about" could mean before or after that date.
The information statement was put out on November 27th 2018, so they could file the amendment 20 days from that day.
Watch the daily list like a hawk and be one of the first ones out when that news is released.
Good luck though, could be very interesting
Market Cap = $486,344
405,287,320
× 0.0012
= $486,344.
Updated O/S 405,287,320
That's lower than I thought it was, might grab a few for a flip.
https://www.otcmarkets.com/stock/BLSP/profile