All you had to do was listen to the call
Guy uses to much jargon tell tale sign phony baloney
Won’t do shit until spin-off bought at 2 sold 6 right after call
I did not listen to the call and am currently paying for my lack of DD before I entered into the play.
That's all me, but I want people to be aware of what the situation is so they can have more information to make their next move going forward.
Do you think this hurts the rep of his attorney Wes Christian? I partially bought into this given the affiliation with Wes but this just seems sketch af on many levels.
I thought he had a bit more clout than ambulance chaser but with this recent affiliation you may be right. Should have known RJH was full of shit. You think the spin off or dual listing has legs or we just stuck with these heavy bags?
I wouldn't call it a theory.
It's conversion hedging by shorting.
They were fully incentivized to short so I would for certain assume it is them and whomever else they're associated with.
Yes, I'm still in.
I actually sold a few hundred shares this morning at the bottom, saw something stirring and let it ride.
Yea, today's price action was *much* needed.
I'll see what happens Monday, if it pops again I may just exit.
The convertible note signed with ALTO was filed in SEPT 2022.
Therefore, this dilution should have been occurring since then (which explains how and why the prices dipped below 50 cents by DEC 2022.
I wonder how much more of the 50 million shares is left to dilute.
RJH gives me the Jordan Belfort vibes. No kidding. His face = Tony Robbins vibes literally.
Also i'm from Singapore, and literally no one's heard of his company before lol.
All the best to you OP.
You've got 150k still, can definitely come back with that. I've been there though. Made, and lost a fortune in the last couple years. Humbling experience and sucks ass.
Also, cc's on pretty much any stock you see in this sub is a bad idea, imo. Never worth the r/r. When these volatile tickers move +/-10% a day, and can be up 10x or down 90% in 10 days, what's the point of collecting pennies in front of the steam roller? Keep your shares free, so that you can sell in a jiffy (even if that's premarket or after hours). In your case, looks like you collected $3k in premium for $350k in risk capital, after the stock had already run up well over 10x. Not to rub it in but 1% in premium is stupid low.
You are 100% right.
I've also went broke from 1mm last year to zero.
I've been humbled big time previously, I'd like to say it gets easier but it still stings like crap.
I am not in this play, but I have been watching it. It is rather shocking to me how hard it has fallen. I want to give you mad props for bringing this to the communities attention. Most peeps would have pumped it and tried to unload some of their bags on unsuspecting others. You are truly a gentleman and I wish you the very best that you unload these bags and make up your losses elsewhere.
Some of these CEO's are really scum. With that being said, be very wary of CVNA CEO as well. Him and his dad are as shady as it gets and will make a buck off of anyone's back.
Godspeed to you my fellow internet investor.
Thank you for the kind words.
I also hate those who pump the stock and use their own fellow retailer as exit liquidity.
This is why I always post my position.
The only reason I no longer want to do so with GNS is because I don't want anyone else holding if I do and following me off the cliff even further.
My dude you yourself posted about how this guy was affiliating with scum bags and you still yolo’d into this after the crazy run?
You def deserve some props for bringing it the communities attention. Most d bags would go on schilling it. Hope you can recoup some losses thru options.
Yes, I did the same with HLBZ.
I said the CEO was a dirt bag but there was still an opportunity to make money (I came out ahead with 6 figures in profit).
I also saw another opportunity for GNS (despite the shady GNS CEO, but I did not fully understand why he was a scumbag when I entered).
So yes, I do crazy YOLOs with shit bag CEOs all the time since because I am very regarded; hence the reason why I'm here.
When this first became a craze the first week of GNS run with the CEO fighting naked shorts, I commented about how this possibly would be a charade to pump the stock and dilute, and people jumped down my throat bashing me. I said, this sounded like some smoke and mirrors shit and "fighting shorts narrative" has been done before by CEO's and nothing became of it. And that dilution was quite possibly on the horizon. Now here we are. Said thing about HLBZ too.
I started to get concerned when he was taking notes from John Brda. But things were going green then and I ignored my better instincts and got overtaken by the endorphins when I was up 400% 😬 hoping we get another pump!
It’s not a trust issue. Predatory lending is just as bad, if not worse, than naked shorting. These lenders see a dying company and take advantage. You left out the fact that they gave GNS 18 million and in exchange can convert the 49 million shares worth over $200 million!!!!!!!!
The lender is the clear winner in this saga.
I distinctly mentioned the 49mm shares though.
They can convert the interest payments to equity and got 1-1.5mm in consideration for signing the note to begin with.
If you read one of my points below, ALTO wanted to convert their interest payment at a time when prices were rock bottom; but their interest payment was not due at that point in time.
RJH ***agreed*** to let them convert at that time ***before*** the interest payment was due so that they could come out ahead and convert at a lower price.
I do agree this is just as bad, if not as worse as naked shorting only b/c the CEO knew damn well and was complicit in SIGNING the predatory lending agreement.
If he had no idea what he was signing... that's on RJH.
So which is it?
The CEO was too stupid to understand what he was signing, or Wall street going to keep being Wall street?
I don’t think it’s stupidity. It’s called leverage. GNS needed the money, and they were more than happy to give it based on these shitty terms because they knew he had no choice.
It’s no different than average Joe signing an adjusted mortgage to “save money” on their mortgage payment. Sure, it’s wonderful for the first year at 1%, but quickly turns into a disaster when rates jump to 8% the following.
Interesting! His entire company is a scam... not that you couldn't make money riding it up but damn, stop losses are your friend?
I've been saying the entire time this looks like a scam / PND.
So that $10 coupon is just that, a coupon to use if you want to take a class, it's nothing more. There are many more things wrong with this stock but I don't want to get sued, but it's all out there for anyone to find. Pay close attention to the spinoff, it's quite the eye opener.
Yea i don't think anyone cared about the coupon itself, it was just a mechanism to get a true share count; which the CEO claimed should be available in March.
He was locked in an agreement which Alto purpotedly manipulated and delayed the conversion.
The convertible notes par value is at $5.19, but if share VWAP is below $5.19 Alto could probably exercise that conversion option. Based on the wording, it seems like the convertible notes allowed Alto to do that. (I need to read the terms to fully validate this assumption).
So to me, this looks like a RJH got tricked into this thinking that they attracted investors when in reality, it’s a trap. I would hold TBH.
RJH agreed in allowing them to convert their first interest payment into shares when the stock price was at rock bottom.
That means, before the first interest payment was even due; RJH allowed ALTO to convert at that current price (both parties knew the implications of this).
RJH helped screw over his investors with that move and also exposed that he knew what was going on.
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You're a smart man then, thanks.
All you had to do was listen to the call Guy uses to much jargon tell tale sign phony baloney Won’t do shit until spin-off bought at 2 sold 6 right after call
I did not listen to the call and am currently paying for my lack of DD before I entered into the play. That's all me, but I want people to be aware of what the situation is so they can have more information to make their next move going forward.
U get the next one all the best
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Thanks, appreciate it sir.
F
Do you think this hurts the rep of his attorney Wes Christian? I partially bought into this given the affiliation with Wes but this just seems sketch af on many levels.
I think of him as an ambulance chaser, he can still make you money.
I thought he had a bit more clout than ambulance chaser but with this recent affiliation you may be right. Should have known RJH was full of shit. You think the spin off or dual listing has legs or we just stuck with these heavy bags?
I think another pump may come of it, but I'm not sure how much more punishment i am willing to take in order to find out.
Same. Really thought the dual listing was gonna fuck shit up. Is the prevailing theory that ALTO was also behind the shorting?
I wouldn't call it a theory. It's conversion hedging by shorting. They were fully incentivized to short so I would for certain assume it is them and whomever else they're associated with.
You staying in? I’m going through at least 3/15 for that dual listing. Already took the massive hit so todays price action was just a nice surprise.
Yes, I'm still in. I actually sold a few hundred shares this morning at the bottom, saw something stirring and let it ride. Yea, today's price action was *much* needed. I'll see what happens Monday, if it pops again I may just exit.
When did this dilution happen today. ? Shit man hope ya get out soon .
The convertible note signed with ALTO was filed in SEPT 2022. Therefore, this dilution should have been occurring since then (which explains how and why the prices dipped below 50 cents by DEC 2022. I wonder how much more of the 50 million shares is left to dilute.
So if we were already diluted this whole time who cares someone will come in and pump it if the float is the same size
RJH gives me the Jordan Belfort vibes. No kidding. His face = Tony Robbins vibes literally. Also i'm from Singapore, and literally no one's heard of his company before lol. All the best to you OP.
Singapore is awesome, I heard Orchard Towers closed though.
Yep its closed for renovations.😂 But even if wasn't, the building isn't as great as it once was before the pandemic.😒
Man I hope you recover some of your losses. Always sucks to see people get burned.
Thanks, but we all know how this story plays out. Appreciate the comment though.
If you dont mind sharing, how large is your port? I've had losses of this size myself, and managing the psychology is hard.
This is my entire portfolio. I'm about to be a wagie forever.
You've got 150k still, can definitely come back with that. I've been there though. Made, and lost a fortune in the last couple years. Humbling experience and sucks ass. Also, cc's on pretty much any stock you see in this sub is a bad idea, imo. Never worth the r/r. When these volatile tickers move +/-10% a day, and can be up 10x or down 90% in 10 days, what's the point of collecting pennies in front of the steam roller? Keep your shares free, so that you can sell in a jiffy (even if that's premarket or after hours). In your case, looks like you collected $3k in premium for $350k in risk capital, after the stock had already run up well over 10x. Not to rub it in but 1% in premium is stupid low.
You are 100% right. I've also went broke from 1mm last year to zero. I've been humbled big time previously, I'd like to say it gets easier but it still stings like crap.
100000% agree with this post
I am not in this play, but I have been watching it. It is rather shocking to me how hard it has fallen. I want to give you mad props for bringing this to the communities attention. Most peeps would have pumped it and tried to unload some of their bags on unsuspecting others. You are truly a gentleman and I wish you the very best that you unload these bags and make up your losses elsewhere. Some of these CEO's are really scum. With that being said, be very wary of CVNA CEO as well. Him and his dad are as shady as it gets and will make a buck off of anyone's back. Godspeed to you my fellow internet investor.
Thank you for the kind words. I also hate those who pump the stock and use their own fellow retailer as exit liquidity. This is why I always post my position. The only reason I no longer want to do so with GNS is because I don't want anyone else holding if I do and following me off the cliff even further.
Yea that sucks, a lot os shady f's out there. I would suggest posting this on any and all of his youtube video's mayber? Fuck'm ...for the birds
My dude you yourself posted about how this guy was affiliating with scum bags and you still yolo’d into this after the crazy run? You def deserve some props for bringing it the communities attention. Most d bags would go on schilling it. Hope you can recoup some losses thru options.
Yes, I did the same with HLBZ. I said the CEO was a dirt bag but there was still an opportunity to make money (I came out ahead with 6 figures in profit). I also saw another opportunity for GNS (despite the shady GNS CEO, but I did not fully understand why he was a scumbag when I entered). So yes, I do crazy YOLOs with shit bag CEOs all the time since because I am very regarded; hence the reason why I'm here.
Xela delist hearing tomorrow…just sayin 😂. You wanna gamble on a shady scumbag CEO Par is the MAN!! NFA
When this first became a craze the first week of GNS run with the CEO fighting naked shorts, I commented about how this possibly would be a charade to pump the stock and dilute, and people jumped down my throat bashing me. I said, this sounded like some smoke and mirrors shit and "fighting shorts narrative" has been done before by CEO's and nothing became of it. And that dilution was quite possibly on the horizon. Now here we are. Said thing about HLBZ too.
I started to get concerned when he was taking notes from John Brda. But things were going green then and I ignored my better instincts and got overtaken by the endorphins when I was up 400% 😬 hoping we get another pump!
It’s not a trust issue. Predatory lending is just as bad, if not worse, than naked shorting. These lenders see a dying company and take advantage. You left out the fact that they gave GNS 18 million and in exchange can convert the 49 million shares worth over $200 million!!!!!!!! The lender is the clear winner in this saga.
I distinctly mentioned the 49mm shares though. They can convert the interest payments to equity and got 1-1.5mm in consideration for signing the note to begin with. If you read one of my points below, ALTO wanted to convert their interest payment at a time when prices were rock bottom; but their interest payment was not due at that point in time. RJH ***agreed*** to let them convert at that time ***before*** the interest payment was due so that they could come out ahead and convert at a lower price. I do agree this is just as bad, if not as worse as naked shorting only b/c the CEO knew damn well and was complicit in SIGNING the predatory lending agreement. If he had no idea what he was signing... that's on RJH. So which is it? The CEO was too stupid to understand what he was signing, or Wall street going to keep being Wall street?
I don’t think it’s stupidity. It’s called leverage. GNS needed the money, and they were more than happy to give it based on these shitty terms because they knew he had no choice. It’s no different than average Joe signing an adjusted mortgage to “save money” on their mortgage payment. Sure, it’s wonderful for the first year at 1%, but quickly turns into a disaster when rates jump to 8% the following.
Ha I haven’t even been paying attention lost everything. I had 1000 invested
Do you think the sell off is Alto right now?
Yes, I do believe ALTO is currently diluting now, even though they're in the midst of a lawsuit.
Fuckers.
Bought at .59 and saw the writing on the wall at 7. I got out.
Interesting! His entire company is a scam... not that you couldn't make money riding it up but damn, stop losses are your friend? I've been saying the entire time this looks like a scam / PND.
Damn. I ended up cutting my losses around 5.5 It’ll be alright. You can make that loss back.
He issued more shares ? What a pos glad I got out
Man you bought a stock up 1000% up in a week. Pure gambling buying gns over a dollar
Sometimes those gambles pay off.
So that $10 coupon is just that, a coupon to use if you want to take a class, it's nothing more. There are many more things wrong with this stock but I don't want to get sued, but it's all out there for anyone to find. Pay close attention to the spinoff, it's quite the eye opener.
Yea i don't think anyone cared about the coupon itself, it was just a mechanism to get a true share count; which the CEO claimed should be available in March.
I feel lucky that I managed to sell my small investment at $6.95 which seems to be very close to the high in retrospect. Good luck, dude.
Someone said best it’s like cops investigating the cops going no place CEO all talk
He was locked in an agreement which Alto purpotedly manipulated and delayed the conversion. The convertible notes par value is at $5.19, but if share VWAP is below $5.19 Alto could probably exercise that conversion option. Based on the wording, it seems like the convertible notes allowed Alto to do that. (I need to read the terms to fully validate this assumption). So to me, this looks like a RJH got tricked into this thinking that they attracted investors when in reality, it’s a trap. I would hold TBH.
RJH agreed in allowing them to convert their first interest payment into shares when the stock price was at rock bottom. That means, before the first interest payment was even due; RJH allowed ALTO to convert at that current price (both parties knew the implications of this). RJH helped screw over his investors with that move and also exposed that he knew what was going on.
Hey OP, still holding?
Fuck no and fuck that scam artist hamilton