Replies to post #1042 on EdgeMode Inc (EDGM)

[rheddle]

I checked out the guys running Blackberry AIF as well. Nothing bad in either of their track records.

EDGM has no revenues and significant accumulated deficit of about $40 million.

The planned merged entity would require a lot of investment to execute their plans, with Blackberry AIF owning 50% of the OS following the merger.

Where does that place current shareholders?

There are currently convertible notes in place, which probably explains the selling, which appears to have stopped for now, maybe because the merger is close at this point and note holders are 'holding'.

Clearly this is a high risk play, with massive potential upside. They talk of $140 million in assets that Blackberry AIF holds. No info out there on their profitability. Web sources show the CEO and COO have a track record of raising private capital. They managed to succeed with a previous solar project and achieve profitability (claimed) without government subsidies which is interesting.

I am holding to see what happens next.

[Laster]

Did you read the latest 10Q?
I know this is clearly a pump OTC play which might run a few Pennies. Congrats.
But read the 10Q.

There are 7 billions shares they can dilute to.
They gave themselves 1 billion cheap options.
They gave themselves almost 400 million shares for their salary.
They gave 1600 Diagonal 83 million shares. Do you know who that is?
They have no cash. Huge debt. Can’t pay their bills or even the payments on this latest deal.
They will pump this to sell their shares and make a few bucks. JMO.

Charlie and Simon are a frikkin joke.

Someone is really pumping this hard on Ihub and stocktwits. Ask yourself why?
Just make sure you dump your shares before everyone else does.
You don’t want to be holding the bag here. JMO.