Back to the company and actual facts.
The company was the one that took on toxic loans and notes. Specifically they call out how many shares are ‘reserved’ in the AS for conversions. Right there is proof the company knows the price and target dilution that they anticipate with any sort of conversions. No such thing as mystery group traders ‘setting price’ or ‘bringing it down). The conversion dates coincide with the company’s PR to absorb those shares at the time of note and loan conversion dates.
Aside from that, it’s the company (and therefore ST3 since he is the CEO) that is responsible for providing timely updates, SEC filings etc per the SEC guidelines which it has not been keeping up to date with. The last three financials… THREE… (two quarterlies / and one annual ) have been late and gone to expert market. Additionally the company has set several dates they never addressed / missed. And more importantly went backwards by somehow ‘missing’ a detail on a property THEY ALREADY OWNED and reneged on the deal (because they lost another ‘owned’ company and somehow reneged on that too). My opinion is this significantly hindered any smart city development and or contracts.
All this (plus the countless missed dates and lack of raising funds ) contributes to the company’s existing performance and state of health.
As with any otc, we can only hope the ceo actually has some plan to get this current, release Vume super app and bring in money this year (without additional short term dilution).
His performance though has been deteriorating. (I know some of the naysayers would say it’s far more than that but I disagree).
Can he turn it around ? 5D chess. Vume ppv is only a small sub component of the super app that is being promised. Let’s not forget they’ve had Viewmelive and a lot of the pieces since 2017 to base a lot of this development and spring board with something big. They def need money though to scale this.
On a side note, in order to tap into equity financing, I believe he needs to get the company current.
Oh well. Another day another dollar. Good luck all longs (those who actually contribute and invested).
