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What's going on here?
$HUML
I wouldn't use stops on this...I have a feeling MM's will be desperate for shares when filings drop, don't give them any ammo.
Not sure why it has taken weeks for them to figure out the name change issue, this should have been done weeks ago.
I hope all of this waiting is worth it, for some reason I feel it's going to be a let down. They can do billions in revenue but it's not going to mean much if the profits aren't there or there's a bunch of debt.
So excited to see those financials from JFH
Yeah the whole story here has been strange.
There really is no excuse for them not posting filings yet, they've had months, we shouldn't have to be worrying about going to expert market.
Obviously stating that NASDAQ is their end goal
$igpk
— savageOTC (@savageOTC) March 28, 2024
👀 Does that say NASDAQ? pic.twitter.com/DoNSZniR3Y
I originally thought that was a big goal for JFH but not after I looked up Pinduoduo, another online retailer in China and Chinese sister company to TEMU. Just looking at their Wikipedia page it states they were founded in 2015 and after being in business for just six years it stated they generated 2.44 trillion yuan (US$383 billion) in 2021. I didn't do any added research for more current numbers on them, but with JFH only setting their goals to do twenty percent of that in a similar time frame actually seems more reasonable than I had thought. Sometimes I forget that China has like four times the population than the US does, that's a lot more people shopping.
Here is the article from 2020 that talks about how they expected to have 100 million users and an estimated market value over 500 billion yuan by the fifth year, we know that they last reported already having 70 million users.
"Not only that, he also plans to list Jun Fenghuang in the fifth year, with an estimated market value of more than 500 billion yuan"
https://biz.ifeng.com/c/7xAeuZWNu31
I think he meant to say billion and not million
He's got his numbers messed up
Trades so thin, being heavily accumulated again.
Interesting...let's go, ready to see this take off.
The stock was up for four days, it's not unusual to see some profit taking and some consolidation after that. Nothing goes straight up, but some will try to paint a doom and gloom picture.
Well now we know you are flipping it lol
Nice...6M ask slap
Also by rewarding your customers with shares is actually pretty smart, giving your customers ownership in the company will make them even more interested in seeing the company succeed. They are going to be just as interested in seeing the value of their shares go up as we do.
I imagine they are going to concentrate on getting investor interest and getting the stock price up before they even start issuing any shares. They are going to need the shares to look like an attractive incentive and they won't accomplish that if they do something that makes the stock immediately tank so I suggest people just chill.
MM's were taking stops out yesterday, never use stops on the OTC, MM's get away with a lot of BS on the OTC.
Yeah the boards are full of split personalities(flippers) anymore, one minute they are pumping and the next they are bashing. Best thing to do is put them on ignore, it gets rid of the garbage and makes reading the board so much easier.
Nice day...steady climb back up.
I agree 100 to 1 would be better for liquidity
Ready to make the next move.
The way this is moving we could be back over .01 by tomorrow
Steady move back north...looks like people are accumulating again as things have settled down.
Exactly it's kind of a waste to continue to talk about something that we don't have a lot of details about yet.
They didn't say anything about selling 2 billion shares, they just asked for the authorized shares to be 2 billion in the new share structure, it's currently 4.65 billion.
With a 40 percent increase in users that most likely means their revenues have seen a similar increase 😉
Now over 70 million users, good to hear, the last number I remember was 50 million.
They just submitted for a name change a few days ago, those actions don't support your lie smh
They didn't say anything about issuing two billion shares, they asked to have two billion authorized shares....and it's scary that there are a lot of people out there trading that don't understand the difference between authorized shares, outstanding shares and the float. Those authorized shares don't have to be immediately utilized though, they can be saved for future projects, acquisitions...etc, but I imagine there will be some shares issued to management. We don't have all of the details yet, but I don't see how we don't make money here if they bring in the revenues that many have discussed regardless of a RS, it would just be taking off from a different price level. That's my thoughts though and people need to make their own choices.
Restructuring the share structure is normal when a new company takes over and completely understandable that they would want the stock to be in a better position to be successful once they start making announcements, but you will continue your negative spin regardless because my response doesn't fit your agenda.
Their just asking for the authorized to be two billion after the RS(it's currently 4.6B), nothing said about issuing shares to anyone.
It is interesting and makes you wonder if someone forged the document
I wouldn't be surprised if this is back over .01 by Friday.
Just because a 1000/1 is mentioned that doesn't mean it will be what they actually go with, they may chose to reduce it to 100/1 or something.
JFH mostly sells their products in China, TEMU's focus is on selling products outside of China and the shipping and advertising is eating up their profits, they are different.
You wouldn't be wiped out, you would just have less shares at a higher price, your shares would hold the same value. It amazes me that people trade and don't understand the basics of the market.