JustJack
1 week ago
Mivil Deschênes why do you post this on another board BUT do not hold Steve (this CEO) to the same standards?
Especially the last sentence.
Pl??tX, some facts on the present situation;
During Q3 2024, the Company demonstrated growth, still, with revenue only totaling
$ 9,184,678, and a net loss of $ 5,699,913 - it`s far from becoming profitable.
Five investment rounds and a high debt is the highly concerning reality.
Management shares; Individual Insiders 0.208% about 2000 shares in total.
If there is no real insider buying of shares, it`s a red flag. It shows no confidence in the company - if you don`t backup with money, it`s empty words.
aservant
1 week ago
Okay, did my own DD, who can justify this found in the 10K filed on May 29th? How can we expect profits when 14.11% from REVENUES (not profits) must be paid to 3 lenders? It literally says "perpetual" payments. Forget all the shady-appearing stuff with the Series F & G stocks, how can we expect a profit when they're (perpetually) repaying loans from revenue? I'm a long who is still holding, but the sick feeling of being scammed is starting to sink in!
From Page F-16
8. DEFERRED VARIABLE PAYMENT OBLIGATION
On February 1, 2019 the Company entered into an agreement with an investor whereby the investor would pay up to $900,000 in exchange for a perpetual
9% rate payment (Payments) on the Company’s reported quarterly revenue from operations excluding any gains or losses from financial instruments
(Revenues). At February 29, 2020 the investor has advanced the full $900,000.
On May 9, 2019 the Company entered into two similar arrangements with two investors:
(1) The investor would pay up to $400,000 in exchange for a perpetual 4% rate Payment on the Company’s reported quarterly Revenues. At February
29, 2020, $400,000 has been paid to the Company.
(2) The investor would pay up to $50,000 in exchange for a perpetual 1.11% rate Payment on the Company’s reported quarterly Revenues. At
February 29, 2020, $50,000 has been paid to the Company
JustJack
1 week ago
WOW Mivil.
You posted this ABOUT A DIFFERENT stock YET you don't feel the same about AITX and Steve NOT owning any common shares.
YES! it's a big red flag here.
During Q3 2024, the Company demonstrated growth, still, with revenue only totaling $ 9,184,678, and a net loss of $ 5,699,913 - it`s far from becoming profitable.
Five investment rounds and a high debt is the highly concerning reality.
Management shares; Individual Insiders 0.208% about 2000 shares in total.
If there is no real insider buying of shares, it`s a red flag. It shows no confidence in the company - if you don`t backup with money, it`s empty words.
Milesblue42
2 weeks ago
Alexulf, what the hell does MivilDeschenes do??
It`s somewhat scary when it is these big changes, the stock has gone down quite a bit lately.
Still, the stock is not the company - and the market will bounce back big time!
The ones who decided to take profits and sell, I understand - but it`s not for me.
As the progress is significant, month to month, I believe there is a strong probability
the company will reach it`s milestones and prosper
These are truly some of Dumbest AITX arguments ever. Continuing with truly Idiotic AITX arguments as Ceo Steve Reinharz dilutes the crap out of shareholders
02opida
2 weeks ago
Detroit, Michigan, June 13, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, is excited to announce the launch of the Beta Test Program for RADCam, the first production home security camera from its subsidiary, RAD Residential Inc. (RAD-R). This innovative product is designed to reimagine home security with the power of AITX’s proprietary Autonomous Intelligent Response (AIR™) technology.
RADCam is not just another home security camera; it is a groundbreaking solution that integrates AITX’s AIR technology. This "talking" security camera offers intelligent, human-like responses and real-time monitoring to ensure the highest level of security for homes. By leveraging advanced AI capabilities, RADCam can detect, analyze, and respond to potential threats autonomously, providing homeowners with unparalleled security and peace of mind.
Alexulf
2 weeks ago
It`s somewhat scary when it is these big changes, the stock has gone down quite a bit lately.
Still, the stock is not the company - and the market will bounce back big time!
The ones who decided to take profits and sell, I understand - but it`s not for me.
As the progress is significant, month to month, I believe there is a strong probability
the company will reach it`s milestones and prosper.
Milesblue42
2 weeks ago
Alexulf, why will CeoSteveReinharz DUMP 2 Billion shares??
Why is Ceo Steve Reinharz still going to Dilute shareholders even more??
https://www.otcmarkets.com/filing/html?id=17614308&guid=sqQ-k6GuTlkHJth
The information in this prospectus is not complete and may be changed. We may not sell these securities or accept an offer to buy these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities, and it is not soliciting offers to buy these securities in any jurisdiction where such offer or sale is not permitted.
SUBJECT TO COMPLETION, DATED JUNE 11. 2024
PROSPECTUS
$20,000,000
ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
2,000,000,000 Common Stock Shares
Artificial Intelligence Technology Solutions Inc., a Nevada corporation (“AITX” or the “Company”), may offer and sell securities at fixed prices from time to time in one or more offerings of up to $20,000,000 as the aggregate offering price. This prospectus describes the general terms of these securities and the general manner in which these securities will be offered. We will provide the specific terms of these securities in supplements to this prospectus. The prospectus supplements will also describe the specific manner in which these securities will be offered and may also supplement, update or amend information contained or incorporated by reference in this prospectus. You should carefully read this prospectus, the related prospectus supplement and any related free writing prospectus, as well as the documents incorporated by reference herein and therein, carefully before you invest.
We may offer these securities in amounts, at prices and on terms determined at the time of offering. The securities may be sold directly to you, through agents, or through underwriters and dealers. If agents, underwriters or dealers are used to sell the securities, we will name them and describe their compensation in a prospectus supplement.
Our common stock is currently quoted on the OTC Markets Pink under the symbol “AITX.” On June 10, 2024, the closing price of the common stock as reported was $0.0057 per share.