FUSZ RS PR -36% headed down the shxxer Do Not Fall For the OTC Uplist Fantasy
FUSZ .27-36% low .23 RS Kiss Of Death
The RS was not announced just today. It was announced 6 months ago, the day the Donahue pr came out. I explained this in great detail on 5-22-2018. I have continued to mention it several times since. Many of my posts have been deleted as off topic. I was limited to 1 post per day. This is what happens to posters that have 30 yrs experience trading and see thru all the BS. I knew from the moment I saw Rory in a Shac movie that he was a Bullshxxer and the clueless and Newbies would be taken to the cleaners. Heres is a repost I suggest all that are underwater read this posts and the others that link to it. You will find everything you ever needed to succesfully play this stock. From the sell target at $3 to all the bounce levels and the .255-.265 gap that closed today. Maybe to late for FUSZ but the next bus will be along at any moment.
dude iligence Sunday, 11/04/18 11:57:55 PM
Re: dude iligence post# 68809 0
of 111811 RS Review Time as the inevitable approaches
dude iligence Tuesday, 05/22/18 12:34:47 AM
Re: None 0
Two bounces complete $1 and .77 following levels yet to be tested .60-.66 untested support 200ma .33 real support .25ish gap
A week or two ago I read a post on this board that someone stated Rory said he didnt want to do an RS to uplist to Nasdaq. Over the yrs you see things happen trading and you learn to file them away for future signs/warning reference. That was one of those instances of something filed away from yrs ago that popped up in that statement. Today we got a Pr
nFusz Engages Donohoe Advisory For Uplisting To National Exchange
“This engagement, among our many other concurrent initiatives, is part of our continuing pursuit of enhanced value creation for our shareholders,”
The AS is a mere 200mil. The OS is 156 mil. The 10Q states very clearly
From the 10Q
Our continuation as a going concern is dependent on our ability to obtain additional financing until we can generate sufficient cash flows from operations to meet our obligations. We intend to continue to seek additional debt or equity financing to continue our operations.
There is no assurance that we will ever be profitable or that debt or equity financing will be available to us.
That is dilution and it kills the share price. The chart starts to look like a 30-45 degree slide from left to right.
From the 10Q
"200,000,000 shares authorized, 152,126,287 and 119,118,513 shares issued and outstanding as of March 31, 2018 and December 31, 2017"
Then another 6 mil added to the OS, yet they say the float hasn't changed from 56 mil. Sure, Anyway the OS increased over 35 mil since the first of the year. The company is burning thru $mils in cash and have only $8k in sales. They will need more money which according to the plan " We intend to continue to seek additional debt or equity financing to continue our operations. They OS is going to increase right up to the AS in the not too distant future.
The share price is too low to uplist and is heading down not up. Realistically now is not the time to even think about uplisting yet talk about it. So why talk about it. The long n Strong love the uplist fantasy it gets them to lock away their shares and buy more shares on dreams of the promised land (Nasdaq).
In the mean time more shares will be issued and sold into the float further driving the price lower" We intend to continue to seek additional debt or equity financing to continue our operations..
When the OS bangs the AS there is two options for a dilution machine. Increase the AS or do a RS. Increasing the AS send the signal of dilution which to most is negative. An rs is the kiss of death. But the rs will be packaged up to make it look like its required to get to the promised land (Nasdaq)
The price is headed lower, and the lower it goes the further away is the promised land, but an RS will revive that dream and keep the long n strong holding the bag.
The real support level is 33. So if the price is .33 10 to 1 would put the price at $3.3 and tighten the float. A 20 to 1 might be better.
This will allow more" We intend to continue to seek additional debt or equity financing to continue our operations..
The Donahue boys are going to play a role. The role is to advise Rory to do a RS to get the share price high enough to uplist. I can imagine he will act like he doesnt want to do it but the DB's recommended it and its all in the name of increasing shareholder value.
Seen different variations of this played out over the yrs this one has a mixture of different plays with a slightly new twist.
Onward and Downward till the RS.
For those that have no idea what a rs split penny stock ends up looking like if you keep holding it. No matter how many rs the shares in your portfolio will never go below 1.
--------------- JR30 Tuesday, 05/22/18 10:48:22 AM
Re: dude iligence post# 68809 0
Nice try, but nah. MMs are just shaking the tree to try and get more shares to cover imo. Watch the SHAC videos to find out exactly what nFUSZ is planning. One of the best places to start anyone's DD, and is easy to do at that. Hear it from the source people, not from rumors or misinterpretations.
A very relevant post from the BHA board
MRDALE Saturday, 11/03/18 03:37:15 PM
Re: ThoughtPower post# 168 0
Thank you for the MARK - right back at you. You do realize that at some point there may not be a bag to hold. Many of my "GEMS" have R/S ed into oblivion or I have 5 shares out of 5 million left.
Reverse splits are one of the most effective ways to wipe out and rid the company of unwanted whining complaining loser Bagholding shareholders. Rory called the traders that took profits above $2 Bedwetters. Quite the opposite the L&S that stayed in the bed with Rory are underwater the profit takers are sitting high and dry.
The announcement of the RS lived up to the Kiss of Death FUSZ .27 -36% low .23. From the PR you can see things I said would happen 6 months ago. The Company also filed yesterday its Form 10-Q, reporting results for the period ending September 30, 2018, as well as an Information Statement on Schedule 14C. The Schedule 14C, filed as part of the strategy for the planned NASDAQ uplisting, states that the Company has obtained shareholder approval to initiate a reverse stock split at any time over the next 12 months, as determined by the Board of Directors and the Company’s underwriters within a ratio range of 1-for-5 to 1-for-40. The Company obtained shareholder approval for a possible reverse stock split to be employed as needed to ensure that the Company meets all of the listing requirements for NASDAQ.
“As I’ve said repeatedly, our focus is singular; to grow shareholder value.
Sound familar I cant tell you how many times Ive seen this type of BS in the last 30 yrs. I cant remember any instance where it ended in anything other than reverse splitting the shareholdes into the dirt. In other words stick around long and stxxxx and you will end up with 1 share of FUSZ in your portfolio worth somewhere in the neighborhood of less.
Lets look at some charts Pie n the Sky vs Reality
Pie n The Sky Chart
Remember the black doji from Feb it spoke loud n clear and FUSZ sits at that level tonight
Feb 9- 12 .255-.265 Gap closed
Who misrepresented themself and mislead?