TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Nov 15, 2020 10:07am
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Post# 31902893
RE:RE:And This Is Why I Said What I Did
RE:RE:And This Is Why I Said What I Did
I will say this the company isca sham so no not really good for me. I am going to lose big time from doing what I did. The grass isnt always greener on the other side. The company I invested in had a flagrant news release heading and someone probably hit the nail on the head 100 million estimated prohect worth. I did poor dd on the company and should have seen the reason for why it has 300 million shares and nothing left in reserve so it will dilute further. The only thing that can save the company and give it a potential to do anything is if it is being used via legal loopholes to be a distributor of a supposed well established Cinese Ev battery and smart grid tech company that wants to get its products out worldwide. ACDC has a history of trying to buy a job with starts ups on their level and who I question whether they ever have the goods or knowledge they claim and paid through shares where both parties were looking to the other for success the blind leading the blind. The darn company was involved in mining...ceo changed name change then involved in crypto same darn thing leading to the present CEO who wants to get into clean tech promoting the company as though having knowledge about using mining knowledge to recover materials from batteries and recycle them etc I have my doubts and selling its expertise on block chain again I have my doubts because if that was the case it wouldn't keep changing directions. In the end right now saying it has these two proven patented tech hmmm gave the insiders and partners a 6 new shares for 1old because they diluted the shares badly and the reason they were worth .0008 low to try to make value in them but blew up the share count to 305 million with God only knows what knowledge and tech it is passing itself off of...a really horrible mistake...I got fooled by their misleading heading but that's not to say that will take years to develop if at all. The truth behind that is there is a proposed cleantech objective a group of people are looking to put together for the township of Squamish. One person is the CEO of the Chinese company who is likely to provide the tech but he is a wholly owned subsidiary ibt batteries the Chinese Company is Richpower. Now IBT CEO is trying to raise seed money from the Canadian Housing Mortgage Corporation. He also happens to be involved with an organization called ecoville which looks to be a non profit organization so as to get publicly funding and using the non profit side they are proposing 30 percent affordable housing and 70 percent business rentals over 1 parcel of 12 acres. The company I stupidly bought into that had the misleading info said they signed a definitive deal to supply 100 million development or something to that effect which was actually the heading to an article reported in the Squamish Reporter July 22 2020 but when acdc used it on top of their recent press release people like me thought they had a 100 million contract so that was really bad and misleading on their part. I called and emailed the company and said if you do not on your own accord issue a press release to fix this confusion I will call securities and report it. I am giving them to the first week of December I am really furious they did this. They should know better. In any case acdc most likely signed an agreement with both Rich the Chinese company proper and its wholly owned subsidiary IBT batteries. Here is where things are interesting and what I will say is going on..ACDC whether they have the goods or not what they claim I doubt it issued 8 million shares to Rich for taking services of working together on acdc supposed tech so they are paying Rich to help them develop their tech further well if they had anything they would have sold it and would be looking to possibly jv on things not needing to pay them shares so that's a good one. But it leads me to this conclusion as bad as weak of a position ACDC is in here is what I think Rich wants global reach and the easiest way without too much paper work as well as potentially paying less corporate taxes and side stepping any anti dumping laws is to hook up with an existing Canadian business. The CEO of Richs wholly owned subsidiary is walking a grey area because he sits as CEO for a clearly profit based company as well as a member of a non profit organization. ACDC is another company who supposedly will supply the project...so in essence if there is a conflict of interest with the CEO of IBT supplying Rich technology they have it covered through ACDC who is an independent Canadian business and my feeling is will remain so but will have very close ties to Rich who will actually run their business of supplying its tech through ACDC. If I am not mistaken Canadian law allows Canadian companies to have up to 30 percent of their business composed of foreign workers on Canadian soil or 30 percent of their derived earnings from plants opened up overseas and continue to have Canadian corporate tax rates. So my feeling is that if there are manufacturing and distribution rules and regulations ACDC will move within them to move Richs products to circumvent the higher taxes that would be imposed on foreign businesses doing business in Canada as well as circumvent any potential protectionist tariffs to fight off anti dumping which happened around 2011. This is what I think is going on here. I also suspect given Rich has an 8 million share stake in Acdc they wouldnt want the share value to go down and will likely buy shares in a trading range while supplying goods to ACDC to make monies through deals in Canada and wherever else they will supply. If this is what is and will go on it is actually very shrewd and I may not lose longer term but right now I would never touch that stock with a 10 feet pole. People are upset here just read through ACDC mess and this is like very nominal in comparison. I did mention that if management continues to put out misleading news release breaks share holders trust it is very hard to get it back and mentioned what is going on here. This stock would be at .40 if Schwatz did not destroy the credibility and trust of this company. Buck now has to fix all that and so far it is from my recollection a month and a half since he took over. I think things will start to get better trust wise within the next 4 to 6 months but that is the damage and messes incoming CEOs have to fix when they step in and ironically shareholders want a higher share price fast yet still have to gain company trust and dont buy shares when they get hit by the manipulators and understandably so for both reasons management has to prove itself starting from scratch and when manipulators like they are doing here push the share value down and people are slow to buy due to a lack of trust the share value stays down for some time and perpetuated by the understandable why should I buy when people are pushing the share down anyways so it becomes a vicious circle while waiting for the company's credibility to kick in. I will tell you one thing again for sure the quarterly will not likely be less than 20 million and by trajectory possibly 40 million high but I figure it will most likely be around the 27 million point very solid actually. All in all this is the way better of the company and that was a very bad misstep if I could take that one back I would. Thank goodness I didnt shed more shares and given I have done so again no promises I am likely to hold what I have longer as I no longer have shares to leverage with. For those ones if they hit .035 I am full out if they hit .04 I may sell half or roughly 80 percent and try to bolster my position in amped which are around the .10 to .12 mark I wont pay higher than.12. But all I can say is ouch ....what a stupid move so before you rush to buy things even if they go up take some time to properly make an informed decision because companies will still put out very misleading releases that can sucker you if you are not careful. Despite all that is going on I still see this as one of the better pennies with one of the better potentials given from my perspective these are still trading roughly one third of where they should actually be. One third would put this at .42 by my last raw calculations .375 on booked revenue up to the first quarter 2020. Well at least I still have enough shares here to make me happy when things start to be more properly reflected. It is not that I didnt value these or take them for granted because I do highly value my shares here and that is the reason I am super p'd with acdc but even if I didnt value my shares as highly as I do here i think i would still threaten acdc management to fix the news release but I believe I did it very fast no doubt because I feel very angry for losing shares here but that stupidity falls on me even though the company has its part it played and no company should do that. Prior to ACDC mwm flagrantly mislead got hit with about a 14 day halt the shares got halved. I was involved with xmg which did a similar thing and I sold but still made good profit but wasnt happy and their stock continues to be in shiate territory. Like I said when CEOs damage the rep and a new one steps in they have to clean up the existing mess and need to be extra mindful to not make one of their own. In any case what a real stupid move. People may think what they do about this company but trust me there are far more worse companies out there where this makes them look like sewer rats.