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Was there a name change or two?
SYMBOL CHANGES
GWWCD TO: GWWCF Genesis Worldwide Inc CDA
http://www.dtcc.com/downloads/legal/imp_notices/2012/nscc/otc/OTC-030.pdf
that would be great i still own some here from way back lol
Nope. Maybe we get lucky, and someone will revive it, because it was a very low float clean shell.
anyone here anything about this co lately
Do you have any idea why he suddenly disappeared from iHub back when? Was it health related?
As I recall, it was about the time the iHub Eleven story was breaking!
http://investorshub.advfn.com/boards/board.aspx?board_id=15452
Someone just reported that investwise died of a heart attack at 53. When I said I hoped he got what he deserved, I certainly did not mean that. I suppose people make a living all kinds of ways, but they really should not purposely screw people. Not saying he did, as I have no proof, other than what many have said. The only correspondence I had with him was always very cordial. He seemed very genuine AND knowledgable (which is why I took positions in some companies I normally would not have), but I suppose the best promoters do. Who knows the truth? I'd like to think the best of people until they prove otherwise. The only thing I do know is, I lost a ton of money based on his "research" and very convincing DD.
Nope they have been here for a while. And they do go alphabetically but skip over from letter to letter so must have teams doing it and some finish early.
here is 2006 to 2008 deletions on otcbb.com for pinks during bush adm. As you can see from the top there are revokes there.
http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=OTC&searchbydate=deletion&div_date=declaration_date&fromdate=01%2F01%2F2006&todate=01%2F01%2F2008&searchdate.x=27&searchdate.y=9
When did you learn about the "revoke thing?"
It seems to be an Obama policy. I never saw one during the Bush Admin.
The first one I saw started with the letter "A" shortly after Obama took office. It must be a Democrat policy to reduce the number of tradable shells.
Well I sold GRNO because it was around the revoke time. 8 years or so without a filing. I had around 300k bought at .001. I sold it at .002 or something bc I didnt want to bother with the revoke and I cleared out all my pinks around the same time. It went to .70s within the next year.
I actually sold most of my pinks because of the revoke thing which ended up screwing myself bc 40 of them ran 1000to5000% after.
But from now on I really try not to buy a shell unless its a NonReporting SEC or a deregistered one. Or just stick to the OTCBBs.
thanks... but way back when, this was only a small flier
on the speculation that it would R/M with something after some people took the trouble to clean up all the filings (about 2+ years ago).
Just a shell play that did not work out for whatever the reason... it did have a nice run briefly (and I did get one flip out of it).
lol-here's a tip-if a company is an SEC filer-and they haven't filed in ages or filed a 15-12g to suspend their reporting requirements-it can be halted /deleted/revoked. good luck in your trading
been expecting this... just the final nail in the coffin investwise found for us... lol...
now in deep hiding to keep from making the iHub Eleven the iHub Twelve. ROTFL
13:09 GWOW Genesis Worldwide Inc Common Stock 9/24/2010 100 12(j) Registration Revoked by SEC**
OUCH! wonder what the MM REALLY wants to get
per share IF you BUY GWOW?
I wonder why GWOW is still trading...
I wonder if there is any future for GWOW...
so many uncertainties... LOL.
Oh yeah I remember hearing about that. I will keep an eye out on that board.
OR... he is MAYBE one of the iHub 7, then 11, and more uncharged that the SEC and DOJ went after... IMHO.
Just running for cover... LOL...
http://investorshub.advfn.com/boards/board.aspx?board_id=15452
ANOTHER worthy effort LEFT HALF ACCOMPLISHED by the regulators and politicians as they squander our dollars!
I wonder what happened to him? I bought a bunch of his as well at the beginning. He just disappeared like that. Im sure he is another poster here with a different alias.
It WAS investwise. That guy was a piece of work. I lost more money listening to him than anyone else ever. The guy was a professional, I'll give him that. Hope he gets what he deserves.
There is still a small chance they can come back if they give the SEC all they need. But it happens less than usual. It could be just put on the greys or get revoked completely. From off the top of my head, in the past year, 90+% probably get revoked in these situations.
pretty sure it was investwise thru the situation room
that was the time i got involved. and i have kicked my own ass and would like to be able to reach another
Fantastic. I love losing all my money in a POS like this one. I'm actually glad I can't remember who alerted me to this one, because I would have some harsh words for them.
Now you know what it means for sure. Email just went out
Current Trading Halts Thursday, August 12, 2010
8/12/2010 09:30:00 AHNCQ ATCHISON CASTING CP H10 Yes u
8/12/2010 09:30:00 CTYF CITYFED FINL CORP H10 Yes u
8/12/2010 09:30:00 CTYFP CITYFED FINL PFD B H10 Yes u
8/12/2010 09:30:00 DVINQ DIVINE INC CL A H10 Yes u
8/12/2010 09:30:00 GWOW GENESIS WORLDWIDE H10 Yes u
8/12/2010 09:30:00 HCNP HAMPTON CONSULTING H10 Yes u
8/12/2010 09:30:00 JAKE JAKES PIZZA INTL INC H10 Yes u
http://www.otcbb.com/MarketWatch/
Now I see this, the SEC has halted GWOW(temporary suspension thru 8/25/2010):
http://www.sec.gov/litigation/suspensions/2010/34-62697.pdf
Well USAAs order went through but sometimes they let just about anything go through then cancel it later by MM.
Edit Just2trade order went through too. Ameritrade usually puts other phrases up than the one I saw today. They are known for not being able to buy many penny stocks.
Oh well will see what happens.
mmmm EF isnt showing anything but they are known to do this. Anyone use alphatrade for a 3rd opinion?
Does anyone show a bid/ask on GWOW? I thought I remember there being one.... I just show a blank screen and PS doesnt show one either.
edit
I just tried putting an order in in ameritrade and it said This order could not be placed. Im sorry to say guys but this might get halted by the eod or tomorrow morning. Ameritrade will cancel orders and wont allow them to go through like this if the stock isnt valid.
I hope there is a symbol change in the works too, I'm tired of reading about Canadian steel.
That was the other option but usually a halt comes before the revoke. You usually dont see the halts and revokes happen when the company is viable. Its usually on dormant stocks or ones that are semiactive shells. The SEC may have called them and asked for paperwork. I think thats one of the processes.
The H appeared on my Quotestream portfolio page. It disappeared just a couple of minutes later. The last time the H appeared for a symbol was for FDSM.
What broker do you have ? My trading system has no red H any place and WTF is it ?
Hope it didnt mean HALT! Brokers will get heads up on those halts before we do. But never heard of that before with an H. GWOW never did deregister right? Thats something they are going to have to do or the SEC can halt them I believe. They are right around that halt area without any 10Qs or 10Ks. The 2001 mark. I noticed that stocks get halted if they dont file for 8-10 years.
Not trying to scare anyone but just stuff I try to keep track of. It doesnt mean Im right on this.
It's gone now, maybe it was an error?
My portfolio is showing a big red H this morning for GWOW, does anyone have info?
Shares are drying up now,.08 ask! it`s been a spell but you have to pay up now!
The boardmarks are up 2 or 3 so I think we have a few new dudes trying to get a few shares.I also have had shares for years but have not added any for some time now.
Soros- I couldn't agree with you any more. I watched this trade into the close, and every 5k shares it u/t. There are absolutely no shares out there. I know you and I have held our shares for years. If any momo or ihub members got behind this one, I would agree, dollars would be inevitable. Hope all is well, and take care.
Can you even imagine if one of the IHUB promoting teams got behind GWOW? I'd bet they could set a record by getting this to like $2.00 if they could get it to trade a couple of million shares, since I think the float is still something like 800 thousand.
Of course, it would be better to see a real merger and a rise to that $2.00 over a few months, but heck, I won't complain if shakerz or someone wants to run it to a few dollars -- LOL. They couldn't find a better clean, tiny tiny float shell, IMO.
Nice finish today. Strong buying. Up 200% on 17k shares. It is unbelievable how thin this trades. No float, tiny tiny share structure. Huge potential.
Zebra- I hear ya. Huge potential share. Problem is there are no shares floating and any decent size buys would be nearly impossible. Unless your willing to pay .25 or more. I have held all my shares since 2007. I am patient and will continue to wait for the day a company is reverse merged into this clean shell.
Strange trading today and the bid is higher and so is the board marks FWIW
Scottrade shows a bid .02-ask.05 when the box at the top of this page shows bid .02-ask.04
Anyway we are overdo for some action (IMO)
CIND I think -- has China in name -- may not be related to China at all
Which China shell?
If only GWOW would get a company interested in filling it. This stock seems to move on air. With the interest like that China shell got the other day with something like 4 million shares traded, GWOW would be over $1.00 easy.
This stock is a paradox surrounded by a quandary. What is it really? Is it the legacy shares of Monarch Machine, which mutated into Genesis Worldwide? (GWI.TO) Or is it simply the Chap 11 shell?
If the O/S is 3.7 million shares, the Market Cap is already higher than other non-reporting shells, but it ranges below most. Shell takeovers require a knowledge of the majority holders, or lots of paperwork.
If any majority shareholders exist, they are in violation of Rule 16 of the securities Act of 1934 which requires 10% holders to file annually. There are so many foreign owners these days, they are outside this rule (or maybe just the jurisdiction of the SEC), but there are rules on such foriegn ownership as well.
If we are still a good shell with an EXTREMELY low structure and a MINISCULE float, who knows?
If 10 people would buy 10-20K shares, we might be at .20!
Oh my God! Is some flickering life force permeating this stock?
Would be nice! My average is still considerably above .05, so someone is getting a bargain in comparison.
I only know one thing FOR SURE. There are NO shares to speak of out there, and if someone ever wants 250,000 -- they will have to run this up to a quarter minimum -- maybe fifty cents.
And if they ever put in a good company with no further shares, it's dollars.
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AS far as anyone knows, GWOW is still a clean shell just waiting for someone to merge a company into it to give it instant and huge value -- based on the TINY number of shares available for trade.
The following write up was from someone who researched the shell. He obviously put his spin on what could happen if an extremely low-float shell like GWOW were to be merged into. The float is gone and in solid hands -- this we know. That's all we know. So we wait for that day when perhaps his evaluation actually happens!
Updated figures are based on the original fellow's research, which we have no reason to believe is not still accurate.
This illustrates the value of owning a piece of this low float issue:
Market cap at even .15 = only $555,000
Any private co merging into this will create at least a 4-6 m market cap, possibly much higher....
3 m market cap = .81 share price
4 m market cap = 1.08 share price
5 m market cap = 1.35 share price
6 m market cap = 1.62 share price
A 6 million market cap these days is considered very small, these are reasonable and conservative expectations....
If they were to merge with a firm that dictates a 20 m market cap this issue will be worth dollars..
Example.. 3.7 o/s shares, expanded to give the public shareholders a reasonable 10% of the merged company.. this would put the shares o/s at around 6 million or so....
A 20 million market cap would put the share price at an astounding $3.25+ ... hard to believe.. but it is simple mathematics... cut it in half if you believe the public would only end up with a low 5% - this still commands a $1.70 share price...historically speaking, it would be somewhere in between based on numbers from recent merger activity and transactions that are readily available to the public via filings...
This information as of Tuesday October 9, 2007
GWOW Overview and Comment
GWOW is the former Monarch Machine Tool formerly listed on the NYSE, symbol MMO.
The o/s is 3.7 m, the float is 500-600k.
GWOW filed Chapter 11 Bankruptcy in 2001. The assets were sold to a company that was named Genesis Worldwide 2 (GW2), GW2 is a separate operating entity that is legally unrelated to the shell being discussed here. This has caused some confusion of late as GW2 has been releasing news and some have believed that this pertains to the subject shell. Not true. Presently, GWOW is a shell.
Months ago on several occasions I contacted the creditor’s committee attorney appointed by the court and he told me there was interest from a few parties about the GWOW shell. He also related that they were nearing the completion of the BK, and that it would be possible to transfer/sell the shell to an interested private firm.
On October 5, 2007, a huge amount of buying came into the stock and it trended straight up from below .01 to close at .08 - the high of the day, with little selling.
The Bankruptcy has been completed and dismissed, effective September 27, 2007.
Here is link to a copy of the dismissal order:
http://img179.imageshack.us/img179/3100/gwowcourt2hh0.jpg
Original research in 2007 of this issue revealed that National City Corp (Parent company of National City Bank, Cleveland, OH) filed an SC 13G with the SEC in February, 2007. For many years National City had filed and disclosed their ownership in GWOW. In this filing, they stated they no longer have their position. Legal counsel for National City when contacted in 2007 would not comment on who received the shares or describe the conditions under which they were transferred. National City did not sell them in the open market, this is for sure. Volume of this amount does not reflect during the time period in question. When the attorney was asked for the creditors committee about the status of the National City shares, he would not comment on the whereabouts of the shares.
Conclusion: The shares were sold or transferred to a private party(s) or returned to the court and/or a creditor in an off market transaction.
Link to the filing that shows National City disposed of their shares:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4959567
Interestingly, another subsidiary of National City (NatCity Investment Advisors) is listed as the investment banking advisor while GWOW was in BK. This subsidiary is one that would advise the court on subjects that would pertain to the disposition of a shell among other investment banking/public company matters. Keep in mind that it is National City who transferred their shares to some undisclosed party.
Link to copy of the filing that shows NatCity Investment Advisors, a “special situation investment banking consultant” as advisor to the court:
http://img179.imageshack.us/my.php?image=gwowcourt1ds6.jpg
In addition, there was a revealing development that was found on the Ohio Secretary of State website. For months and months, the corporate status for GWOW was “cancelled” or “dead”. In 2007, the SOS site reflected that the corporation was now listed as “active”.
Here is a Ohio Secretary of State link copy that shows Genesis Worldwide now reflects as active:
http://img107.imageshack.us/img107/4449/gwowsosbp0.png
Conclusions:
The BK is finished and dismissed per the court filings. Tthe GWOW shell may now be transferred or otherwise sold without further order from the court.
The corporate charter with the State of Ohio is suddenly “active” as someone is in process of updating the filings.
The shell can now be utilized for a reverse merger.
The question that remains: Who will be the merger partner and when will the public be informed?
It is possible that one of the private company creditors involved in the BK may be merging into the shell, I had discussed this possibility with the attorney in my earlier calls and he did not deny that scenario as being an option. This would fit with why National City transferred their shares during the BK - an unusual event that interestingly, people close to the situation will not discuss.
Authorized Shares: 12,000,000
Source: Filings and Legal Counsel
Outstanding Shares: 3,785,696
Source: Filings and Legal Counsel
Float: 500-600 k m/l
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