NSCT had approx 870s/h, CLOK approx 1190s/h today
Stock history:
2009-12 870 shareholders, 1,700,000 approximate shares o/s (adjusted for 100:1 reverse stock split)
2013 902 shareholders, 2,150,000 """ (adjusted)
2014 916 shareholders, 2,830,000 """(adjusted)
2015 943 shareholders, 2,960,000 """ * sold PPM @ $2/sh
2016 963 shareholders, 5,900,000 """ * sold PPM @ $2/sh
2017 977 shareholders, 7,000,000 """ * sold PPM @ $2/sh
2018 1,189 shareholders, 40,800,000 """ * sold PPM @ $1/sh + warrants
Interesting facts:
PPM @ $2/sh raised about $6 million, net of fees
There were no more than 60 PPM participants @ $2/sh
PPM @ $1/sh raised about $16 million, net of fees
There were no more than 200 PPM participants @ $1/sh
Approx. 20-30 shareholders were employees, consultants, sales and marketing people, other
There was only $227,000 cash left as of 9/30/17 10-K (almost all $6 mil of $2 PPM was burned by MDLG, the biggest amount going into his pocket!)
There was $14 million left as stated in 9/30/18 10-K
$13 million cash remained, as stated in 12/31/18 10-Q
With a commitment of $1.6 mil to Aegos, LLC, expanded sales & marketing "efforts" and $1 mil / quarter burn, I would estimate the available cash balance for operations as of 3/31/19 to be $10 million or less.
Conclusion:
The long-time (NSCT) shareholders who still own CLOK stock don't really have any incentive to sell. By now, the stock is extremely speculative.
The $2/share PPM shareholders have already seen their money pissed away by MDLG. Now they are watching MDLG piss away the $1/share PPM shareholder money. Any still holding $2 PPM shares is willing to allow MDLG to do anything with their money, and has no expectations for CLOK to make a sale and be a sustainable, profitable company.
The $1/share PPM shareholders are looking at about 50% or more of the original $20 million PPM dollars raised pissed away.
When the 3/30/19 10-Q comes out, I would head straight to the balance sheet and look at how much cash is left in the bank account(s), and then reduce that number by the $1.6 million committed to Aegos, reduce it by MDLG's compensation and everyone else's compensation, and then take a minute and see the writing on the wall.
#itswritteninblackandwhiteandmdlgisholdingthepen
