Replies to post #49694 on Artificial Intelligence Technology Solutions Inc (AITX)

[nodummy]

Read this carefully! With Brian Conway (Waypoint) as the investor relations firm there is one thing you can count on 100% guaranteed

DILUTION

It's the Brain Conway playbook in action.


It happened with LIBE, ELTZ, OZSC, and is happening now with AITX.

Conway is a hack for the toxic lenders. His job is to bring in volume by misleading investors to get as much debt reduced through debt conversions as possible in short order.

He works for the toxic lenders not the shareholders.


LIBE dumped billions and billions of shares with Conway as its CEO during 2018 - 2019. While Brian touted multiple failed merger deals, the float ballooned from 10m to over 3.5 billion followed by a reverse split.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156675181

Now LIBE trades as NGRP, and like AITX, it is now at risk of being suspended by the SEC as a delinquent filer (it hasn't done its last 10K or 10Q filings yet).

Don't believe it can happen? ELTZ got suspended as a delinquent filer on January 10, 2020 while it was being pumped by Brian Conway/Waypoint as a "merger" stock.

https://www.sec.gov/litigation/suspensions/2020/34-87932.pdf



Notice these other things in common between the ELTZ pump & dump, the OZSC pump & dump, and the AITX pump & dump

1) Press release about a contract with an unnamed fortune 500 company trading on the big boards.

It was the first pr that Brain and his Waypoint company did on 6/24/20 after they were hired by AITX:

https://www.otcmarkets.com/stock/AITX/news/story?e&id=1631164

Artificial Intelligence Technology Solutions Signs Agreement With Fortune 500 Client

RENO, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has entered into a direct master services contract with a major logistics client listed on the NYSE. This existing client chose to go direct with RAD and currently manages the logistics of its 50,000 clients.

Here was the OZSC nameless fortune 500 contract press release from 5/26/20

https://www.otcmarkets.com/stock/OZSC/news/OZSC-Power-Conversion-Technologies-Inc--Ships-Order-for-Fortune-500-Engineering-Company?id=262988

OZSC: Power Conversion Technologies, Inc. – Ships Order for Fortune 500 Engineering CompanyPress Release | 05/26/2020

WARWICK, NY., May 26, 2020 (GLOBE NEWSWIRE) -- Ozop Surgical Corp. (OTCPK: OZSC), (“Ozop” or the “Company”), today announced that Power Conversion Technologies, Inc. (“PCTI”), has recently shipped an order to one of its clients a global Fortune 500 NYSE traded engineering, procurement, fabrication, construction and maintenance company. The shipped equipment will be used for the client’s research in naval nuclear propulsion technology which the company conducts in conjunction with the US Navy.

Here was the ELTZ nameless fortune 500 contract press release from December 27, 2019:

https://finance.yahoo.com/news/eltz-power-conversion-technologies-receives-152236080.html?soc_src=hl-viewer&soc_trk=tw

Elite Group, Inc. (ELTZ), a Nevada corporation, announced today that in December, Power Conversion Technologies Inc. (PCTI) completed production of a prototype in-hull battery charger used onboard nuclear propelled submarines and was awarded the follow-on production order for two additional in-hull battery chargers. PCTI’s client, a Fortune 500 Nasdaq listed company, is one of the major producers of ballistic missile and attack submarines in the US.

News flash. NYSE and NASDAQ tickers are SEC filers. They do SEC filings. Any contract would be would be mentioned in their financial statements.

Edgar has a great search page. The alleged ELTZ and OZSC never showed up in any filings for any NYSE or NASDAQ companies.

https://www.sec.gov/edgar/search/

I'd bet anything the Artificial Intelligence Technology Solutions Inc agreement won't either.

All you'll get is promises from Conway (Waypoint) that they will eventually tell you who the mystery company is. Promises he will never keep.


2) Gregory FCA

AITX on 6/29/20
https://www.otcmarkets.com/stock/AITX/news/story?e&id=1634098

OZSC on 6/11/20
https://www.otcmarkets.com/stock/OZSC/news/National-PR-Firm-Gregory-FCA-Named-Agency-of-Record-for-OZOP-Surgical?id=264567


3) The dilution

LIBE (now NGRP) dumped over 3,500,000,000 shares from debt conversions between 2018 and 2019 while Brain touted 8 different failed mergers eventually ended up on $.0001 before doing a 1:2000 reverse split in the late 2019.



ELTZ dumped over 3,400,000,000 shares from debt conversion between December 20, 2019 when Brain got involved and January 10, 2020 when it got suspended by the SEC (jumping from an O/S of 900m to an O/S over 4.35 billion):



Since Brain came in as the CEO and Waypoint the ir firm of OZSC in February of 2020, the O/S has grown from 220,000 to over 1,600,000,000 and counting. He also added over $1,452,250 in new toxic debt during that time.



So far we already know that since the reverse split at the end of April, AITX has dumped over 17 million new shares into the market from debt conversion, raising the float to over 17m by 6/15/20. Looking at the volume since 6/15/20 my guess is the float is quickly nearing 100m shares (if it hasn't passed it yet).



AITX has over $6 million in toxic debt on the AITX balance sheet as of 1/20/20 (the date the last 10Q was filed).

https://www.otcmarkets.com/filing/html?id=13854536&guid=QhhFU6y4Z03GC3h



Before the reverse split, AITX was facing 138 billion shares of dilution according to the last 10Q:



138 BILLION!

Obviously the 1:2000 reverse split changes the amount of stock needed to cover all the toxic debt, but the bigger the float gets and the lower the stock price gets the more shares it will take to pay it off.

Just as an example .. OZSC needed approximately 1,700,000,000 shares to pay off around $3,000,000 and OZSC has been able to absorb more volume at a higher price. So to pay off $6,000,000+, you better believe it will take at least 3,000,000,000 - 4,000,000,000 shares.

Billions of new shares will be getting dumped on the heads of AITX investors in the coming weeks all while Brain Conway (Waypoint) tries to dangle carrots in front of investors duping them into thinking there is some kind of contract with an unnamed NYSE company (and other great things in the works) and that he has the debt situation under control (almost done, almost done, i know it's been bad but we are almost done, just a little more, it'll be over soon don't sell yet).

Oooops the float is now 4 billion and this is nearly back to the $.000s.

That's Brian's job is to create volume for the toxic lenders to dump into. He does it by pretending to be on your side by passing you "insider info" in a discord chat room (like when the next pr will be coming, etc), but in reality he is just pretending to be on your side while he works for the toxic lenders to help them dump as much stock as possible.

It's the Brain Conway playbook in action.

You've been warned.


And keep in mind that AITX is now extremely late on its 10K (for the period ending December 31, 2019) and late on its 10Q (for the period ending 3/31/20).