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Started By
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re: SNDD - new tech syringe disposal
Posted on 2/9/21 at 2:58 pm to misterc
Posted on 2/9/21 at 2:58 pm to misterc
quote:Oh, they will sell em to some distributor somewhere, with huge incentives to sell them. Disposable medical companies love to run with this stuff....then when you take em into a Dr and find out that only about 1/8th of their needles can go in it, and they still have to have their biohazard picked up with sharps containers on the wall.....they dont sell so hot.
this thing could run, frick all your logic, they are selling these things or lying
I hope all of yall become kabillionaires, I really do.
3
Posted on 2/9/21 at 3:00 pm to MrLSU
quote:It already weighs less than a lb. I imagine the Chinamen can get it down to like 6 ounces
The guy needs to fly to china and get them to manufacture this product for $3 dollars a unit and then profit.
Posted on 2/9/21 at 3:01 pm to tigerfoot
you really sound like someone who likes to pop kids balloons at chucky cheese.
Posted on 2/9/21 at 3:04 pm to tigerfoot
I agree on the fixed income folk not buying but if these guys are smart, they will turn it into a medicare approved device if they have not already done so.
Posted on 2/9/21 at 3:05 pm to tenderfoot tigah
Chart reminds me of bmix. Wish I seen this sooner.
Posted on 2/9/21 at 3:07 pm to tigerfoot
I have been in the DME business for years. If this gets approved by Medicare and Medicaid we are all millionaires lmao.
And they approve much dumber shite for way more money
And they approve much dumber shite for way more money
This post was edited on 2/9/21 at 3:08 pm
Posted on 2/9/21 at 3:08 pm to misterc
Beat me to it.
Posted on 2/9/21 at 3:16 pm to tenderfoot tigah
This has been hyped here before. I wonder how it worked out.
Posted on 2/9/21 at 3:20 pm to TorchtheFlyingTiger
Looks like we got some losses to make up. But don’t think they had a product last time
Posted on 2/9/21 at 3:21 pm to TorchtheFlyingTiger
Posted on 2/9/21 at 3:24 pm to castorinho
quote:
This has been hyped here before. I wonder how it worked out.
Yup and nothing but an idea then. Now they have a product and sales. Hopefully it works out for us hehe
Posted on 2/9/21 at 3:31 pm to SkinnyTestaverde
quote:
It means that the company's main source of income is getting the approval to sell more shares of stock. They have a certain quantity of authorized shares (AS) that they are allowed to sell to the public. When they need money, they put more of those authorized shares into the market for sale. When the shares sell, they (the company) makes money. However, the theoretical value of the company stays the same. Therefore the value of the outstanding shares goes down; investors lose money while the company (owners) makes money. It's a common scheme amongst penny stocks.
Basically, let's say the company has 1 billion shares outstanding at $0.005/share. The company is "worth" $5MM. If they get another 250,000,000 shares authorized and issue them, the owners could stand to make up to a million bucks from the sale of said shares to the public but the company is still technically valued at the same $5MM. However, now with more shares outstanding, the price will theoretically drop to .004 thus screwing over common shareholders.
Interesting counter perspective from last time. Thread didnt get much attention last time around but this board is infatuated with penny stocks these days. Signs of a bubble? Lots of new investors with little capital trying to get rich quick?
Posted on 2/9/21 at 3:37 pm to MrJimBeam
Posted on 2/9/21 at 3:40 pm to tenderfoot tigah
Dr Drew is in. I'm in.
Posted on 2/9/21 at 3:45 pm to TorchtheFlyingTiger
quote:
It means that the company's main source of income is getting the approval to sell more shares of stock. They have a certain quantity of authorized shares (AS) that they are allowed to sell to the public. When they need money, they put more of those authorized shares into the market for sale. When the shares sell, they (the company) makes money. However, the theoretical value of the company stays the same. Therefore the value of the outstanding shares goes down; investors lose money while the company (owners) makes money. It's a common scheme amongst penny stocks.
Basically, let's say the company has 1 billion shares outstanding at $0.005/share. The company is "worth" $5MM. If they get another 250,000,000 shares authorized and issue them, the owners could stand to make up to a million bucks from the sale of said shares to the public but the company is still technically valued at the same $5MM. However, now with more shares outstanding, the price will theoretically drop to .004 thus screwing over common shareholders.
That just seems to be a summary of how penny stock companies work in general. I think everyone knows it's a spec play... hell, most of the new money going into SNDD came from TSNP & ZOM profits
Posted on 2/9/21 at 3:46 pm to Aubie Spr96
https://www.casemine.com/judgement/us/5fb36d634653d056552fe6a1
Can anyone with a legal background tell us what this means?
Can anyone with a legal background tell us what this means?
Posted on 2/9/21 at 3:56 pm to tenderfoot tigah
Posted on 2/9/21 at 3:59 pm to RidiculousHype
I scanned the 10k from last year. they treaded water for a few years, reverse engineered this mini incinerator after getting fricked by the person who sold the tech to them. It seems for them to issue more shares they have to get regulatory approval which they may or may not get.
last movement on stock was prior to them actually operating
On August 20, 2018, by a vote of the majority of our stockholders, we increased the number of our authorized common shares from 1,000,000,000 to 2,000,000,000.
last movement on stock was prior to them actually operating
On August 20, 2018, by a vote of the majority of our stockholders, we increased the number of our authorized common shares from 1,000,000,000 to 2,000,000,000.
Posted on 2/9/21 at 4:00 pm to misterc
quote:
last movement on stock was prior to them actually operating
On August 20, 2018, by a vote of the majority of our stockholders, we increased the number of our authorized common shares from 1,000,000,000 to 2,000,000,000.
Pretty sure this will be bought up by noon tomorrow from this place
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