They wouldn't sell the crapper out of it at oh look the 4.5c...

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Warnie

15,402 Posts.

314

10/05/18

13:54

Post #: 33011515

Originally posted by Teddyward ↑

This is like spiral debt equivalent

So you give a company 70,000,000 shares FPO with no escrow and they already have a existing shares and probably a relationship with others .

Then - what would you do sell em because the next issue you get is based on 14 day Vwap? Ha ha .

So for 14 days prior to next issue they sell the crapper out of it and pick up all the shares they want from a lower Vwap to 20%.

Then I'll let you get what happens once they have board positions and control totally.

Let me guess another dillutive share issue to totally wipe out previous holders.

This is a shell play reverse takeover IMO by stealth. Well not by stealth in a way as we all predicted it. All I can say is there is better shells out there that have greater losses but this is a cheap way of doing it. Let me guess - at some point in another issue certain folk will get a opportunity via freebie options or cheap issue get a heap and then slowly move to background. unless they want a figurehead.

Also another dillutive convert note issue or loan is my guess to follow to totally dilute out minorities and bang a few more oppies in .

Wonder if ex management are playing in this murky world to raise a bit of cash before upcoming nuptials??

All guessing and all IMO as I know nothing.

Now when is the sale of the watches, drones, sex aides and phone copters as they will make a great tombstone for the desk and I can award them to every similar play I see in the future but this one is a masterclass and a totally ineffective shareholder base of newbies will put up no resistance but must feel great about paying every cent out in wages for a few years

Expand

They wouldn't sell the crapper out of it at oh look the 4.5c price?

Oh look last 7 trades?

Column 1 Column 2 Column 3 Column 4 Column 5

0 1:40:23 PM 0.0045 500,000 2,250.000 CXXT

1 1:02:48 PM 0.0045 955,000 4,297.500 CXXT

2 12:46:33 PM 0.0045 45,000 202.500 CXXT

3 11:53:35 AM 0.0045 154,000 693.000 CXXT

4 11:52:40 AM 0.0045 106,000 477.000 CXXT

5 11:47:25 AM 0.0045 490,000 2,205.000 CXXT

6 11:18:50 AM 0.0045 250,000 1,125.000 CXXT

	Column 1	Column 2	Column 3	Column 4	Column 5
0	1:40:23 PM	0.0045	500,000	2,250.000	CXXT
1	1:02:48 PM	0.0045	955,000	4,297.500	CXXT
2	12:46:33 PM	0.0045	45,000	202.500	CXXT
3	11:53:35 AM	0.0045	154,000	693.000	CXXT
4	11:52:40 AM	0.0045	106,000	477.000	CXXT
5	11:47:25 AM	0.0045	490,000	2,205.000	CXXT
6	11:18:50 AM	0.0045	250,000	1,125.000	CXXT

IOT Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held

3 Upvote

0 Great analysis

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They wouldn't sell the crapper out of it at oh look the 4.5c...

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