People just need to take the time to read the recently filed 10K and to pay attention to the SC13 filing that was posted this week
For you to call it misleading would be accusing FUSZ of putting misleading information in their audited 10K filing
To make threats against other posters is a TOS violation.
--------
I found the youtube video the FUSZ CEO created to be alarming so I looked through some of the FUSZ filings including the recently filed 10K to get the real facts about what could be causing the recent decline to the share price.
It takes no effort to see from the 10K that the FUSZ CEO has been issuing free trading stock at $.07/share to financiers and selling stock at $.16/share to private investors.
According to the 10K the following shares have been issued to 3rd parties over the past 6 months:
- Kodiak Capital received 656,186 shares at a cost of $50,000 which comes out to $.076/share.
- FUSZ issued 2,862,006 shares of common stock in exchange for the conversion of 630,000 Series A shares owned by one 3rd party investor which cost the owner of the preferred stock $555,000. That comes out to $.19/share.
- From January 2018 through March 2018, FUSZ issued 20,469,028 shares of common stock in exchange for cash of $3,300,500 or an average selling price of $0.16 per share.
- From January 2018 through March 2018, FUSZ issued 7,383,006 shares of common stock and paid $976,120 in cash to settle outstanding notes payable totaling $1,870,769 and accrued interest of $147,097. That comes out to $.14/share.
- Some Cayman Islands entity named Oceanside Strategies Inc just reported receiving 4,660,506 free trading shares at $.07/share from a debt Note conversion and 6,175,860 free trading shares of stock at $.07/share - $.08/share from exercising warrants.
That's 10,836,366 free trading shares of stock that cost its owner between $.07/share - $.08/share being dumped into the market by Oceanside Strategies Inc just since April 17th. Um hello! That's why your price is struggling.
Oceanside Strategies Inc is controlled by Dain Currie. Dain Currie is a former broker from Vancouver with an interesting past before moving to the Cayman Islands.
Granted based on the information in the 10K, those 10,836,366 shares should cover all the debt owed to Oceanside and should cover all the outstanding warrants owned by Oceanside, but that wasn't the only debt on the FUSZ books.
According to the 10K, FUSZ has also borrowed from other toxic lenders over the past few months:
In August of 2017 FUSZ issued a Note to: Lucas Holdings for $220,500
In September of 2017 FUSZ issued a Note to: Kodiak Capital for $320,000
In December of 2017 FUSZ issued Notes to: EMA Financial for $370,000 Auctus Fund for $323,000 PowerUp Lending for $105,000
In January of 2018 FUZS issued Notes to: Auctus Fund for $150,000 EMA Financial for $130,000.
Those are all toxic debt Notes that will be tons more dilution in the form of discounted free trading stock in the future.
And after all the fund raising and all the accumulated debts, FUSZ only reported $10,560 in cash at the end of 2017.
FUSZ reported only $90,803 in total assets to go against $5,879,840 in liabilities including hundreds of thousands of dollars in toxic debt.
FUSZ made only $5,914 in revenues in all of 2017.
That's an extremely horrible financial situation! I'm not making this stuff up. It's all in the 10K for people that decide to do real due diligence by reading SEC filings.
Just the fact that the CEO is issuing millions upon millions upon millions of free trading shares of stock at between $.07/share - $08/share then blaming Naked shorts and others for the price dropping is pretty scammy in itself. The CEO is the one misleading investors not the people criticizing the company on social media and on message boards.
It is no coincidence that all of the awareness hit for FUSZ the same time as the CEO was issuing a bunch of free trading stock to pay off debts and to cover warrants and preferred share conversions, etc.
That's how penny stocks work. The stocks get pumped when new dilution is taking place and is needing to be dumped. And along with all of that awareness comes the press releases about great things to come. How else are they going to get people to buy the stock that the financiers are dumping into the market? That's how the game is played.
Only in the case of FUSZ, the CEO he is taking things way to far by making threats and blaming Naked Shorts. Nothing is a bigger RED FLAG that your stock might be a scam than a CEO that is on message boards and social media pumping a stock and making threats instead of running a company.
In my opinion, FUSZ looks like nothing but an over-hyped stock that is extremely overvalued at $1.50/share and is only trading at this level because of all the pumping/hype and awareness.
Maybe the interest will stay high enough to continue to soak up the current dilution then maintain the price on through any future dilution. Maybe, but that's not usually the case.
Just be careful here. Real penny stock traders trade the price action they don't marry the stock. Soon all that will be left here are the ones that believed all the hype, and the traders will be off making money on other stocks.
Market Data 
Markets 
AI
