freecs
3 weeks ago
Jake has been known as a lowlife for a decade, but that doesn't stop the pumpers from trying to heave this turd every other year. I don't even think most here today are aware of this guy's absolute shite history, or the fact that he privately holds (in the filings) 99% of the (albeit worthless) raadr company and common shareholders hold an amount that equates to nearly nothing. I know facts like these don't matter in this market segment, but, gees, butt chin pulled something like $716K (in the filings) out of this ticker for himself in the last couple years. Stop enriching this guy with the hope of making an easy buck. He doesn't deserve it.
And there's more failed attempts at reverse splits because there's more reverse splits, and for the following reasons;
1. The new compliance rules have more pink current tickers with note holders who are now eager to get paid. Can't get paid with little liquidity or bid support.
2. The officers of these companies are wildly inept and constantly bungle paperwork.
3. There's a cost to compliance with OTC Markets, a cost that 0 profit generating companies can only cover by diluting shares, which they can't do with little liquidity or bid support.
freecs
3 weeks ago
Wrong on all counts.
FINRA doesn't block anything. If the paperwork is in order, they process it. Nothing more, nothing less.
Jakey did a 1:100 when the share structure was 2,147,999,193, which is less than what it is now.
"Room" doesn't matter when you run out of buyers and the pumper you hired isn't making a dent.
BigJuan
3 weeks ago
$RDAR the partnership better include a goose pooping out golden eggs too if CEO is going to keep this upโฆ.. still waiting on his plan for fixing the Share Structure as he just keeps adding to it???
$RDAR - The company is at work not only to address restricted and authorized but we want to address what we can on the outstanding. We are committed to enhancing shareholder value and have no plans for a R/S. We would like to thank our shareholders for their continuing support.— RAADR.com (@raadr_) May 9, 2024
0.0002
Pink Current, AS: 15B, OS: 4.3B, US: 2.3B
Outstanding Shares Updated:
- 3,854,399,193 (2024-06-05)
+ 4,338,399,193 (2024-06-12)
Difference: +12.6% (+484M)
Unrestricted Shares Updated:
- 1,830,317,110 (2024-06-05)
+ 2,314,317,110 (2024-06-12)
Difference: +26.4% (+484M)
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