Replies to post #6948 on AccessKey IP, Inc. (fka AKYI)

[MJAM2020]

If they do uplist to dilute it could work out anyway,,because the new buyers might help soak up some of the shares,,as long as it isn't drastically over done,,,we should be fine as long as they actually get these products into retail spots and they sell,,,,on that note,,if they do that,,one or two orders from major retailers,,and I'd have to assume they will just pay the 4million,,,I'm hoping that is the case and that they don't plan on the 4 million being that big of a deal knowing they have the retailers coming soon,,,I am hopeful we get to see that here,,,this stock could have a 500% day from these levels,,,

If that Nutmeg group gets shut down...do we still owe them??..Is that a possibility,,I haven't been following that story too close..

mj

[halifax45]

Post anything negative on this site even if you state the facts and you are encouraged to sell your stock. We seem to have a love fest on this board versus actually analyzing the facts so that maybe we could help.

Stevens unfortunately has been part of the Nutmeg Group for years. He was fortunate that he fell into this job and actually has done a great job. The sad part some of the loans had been structured before his arrival although sitting as a consultant for Nutmeg and several of their other companies he may have contributed to the structure of the loans.

When you look at these loans at 25% interest PER QUARTER and realize we are accruing over $1M in interest charges per year then you wonder how they are going to dig out of the mess. Even the most recent loan from Goulding/Nutmegs brother carried the same kind of outlandish charges so the insanity hasn't stopped.

The stock itself carries penalties that if I believe the share price goes over .015 then there is a penalty that accrues to the benefit of the note holders and dilutes the rest of us. I believe this has been the reason the share price never seems to be able to get over the .015 price. Apparently some on this board have talked or e mailed Stevens and he says after the up listing that he has some institutional investors coming on board. We are all hoping that will send the stock up. However weeks ago there was about $300,000 worth of buying and you guessed it, it never went much over the magic .015 and after a few days settled right back into the dumper.

The sales for the first quarter were about $60,000 and I am sure that we will see a repeat if not worse for the second quarter. The company has limited funds to buy product to be able to put in the stores.

On the positive side the company has some great products and if just if a few can come to the table as in the I-Phone charger then they will be able to work themselves out of it.

In the meantime any money guy coming to the table would run for the hills once they have looked at the terms of the notes.