....is taking profit!
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Compliance is and has been the smallest earning portion of their business.
https://snipboard.io/7bnX0G.jpg
I don't care what you think about BLPG and Hypur, just going by the latest filing as always.
Fauci is a fuckwad and deserves everything he has coming to him....see, we actually agree on something, lol.
Real answer:
Between the fact that this is 14 months old and that company has made zero contact with shareholders except for regulatory filings that reference nothing of the companies future direction, I take this podcast with a grain of salt. I find it very suspect that Galvin can talk freely about this but BLPG cannot update social media or give a simple 8k about company direction. Also, the new company by-laws dont include anything about communication with shareholders.
I do believe that BLPG will grow, as I have said from the beginning here. I just dont believe that growth will include an actual merger with Hypur. I believe they will continue to do business with Hypur and they will help them grow just not as a combined merged company.
They can convert more than 5% of the notes and BLPG would have to massively raise their AS to facilitate the conversions if that were to happen. I dont think that will happen, I believe like you that they want their money back and are going to continue to be in business with BLPG. Saying that they "cant" is just fundamentally incorrect.
I think you understood exactly what I was saying. Then used the act of me trying to oversimplify to get us on the same page to capture a gotcha moment to be condescending and antagonizing.
To me it looked like you were trying to say that principal value was being decreased by the amount of interest being swapped to derivative liability under ASC 815. Therefore, I was simply trying to make sure we were talking about the same thing and the notes principal value was not being decreased via the note tainting. Which you jumped on with both feet, I guess as a way to try to make me look like I dont understand what Im posting about. I assure you this could not be further from the truth.
It is you that does not understand what I have been saying. I dont think that Hypur is going to convert and destroy BLPG. Quite the opposite, I believe that BLPG is going to expand and be a bigger company. I don't however think Hypur is going to merge with BLPG, though I will continue to stick around just in case it does. I want to invest in Hypur not BLPG and until that happens, officially, I will correct any post I want that states this as a fact.
That is how all of this started btw. All I did was correct a post that stated Hypur and BLPG together as a fact and then every true believer that's deathly allergic to an opposing viewpoint came out of the woodwork.
Can we just agree that we both know what we're talking about and are not enemies here?
Im perfectly capable off calculating the interest and share conversion of a note.
What’s even more ridiculous than you twisting what I’ve said to seem like I don’t understand how to calculate a note or understand interest is that you’re acting like BLPG wouldn’t have to raise the AS to accommodate any and all conversions. There are no ownership limitations on the notes either so all shares can be converted.
After I put the kids down I’ll calculate all of them one by one in a post so every one of the blind followers here understand how screwed BLPG shareholders are if Hypur decides they don’t need them.
Refer to the filings. They are not able to convert everything and sell into the market. The preferred are tainted, as well as, some of the notes. They couldn't even hit 5% even if they tried very hard.
I was referring to this comment that they couldn't even hit 5% if they tried. It read like you were saying that they couldn't convert 5% of the notes? What are you talking about that the notes convert at low values? They convert at face principal value.
The note being tainted doesn't mean the principal amount isn't owed and the full principal amount isn't currently in default. The interest accrued over the life is being discounted as a derivative because of the unfair variable conversion rates. It just means they got massive amounts of accrued interest taken off, which is huge I grant you, but the majority of the notes are still in default and currently owed. At face value. About $1.3 million I believe currently.
Another $500k+ go into default 01/22 and another $475k note appears to be convertible at will, considering the extremely vague language accompanying it.
While yes you are correct in that they cant currently convert everything, within a month they could devastate BLPG and shareholders.
I do not think they will do this! I believe they continue to move and count cash for Hypur, I just dont think they use BLPG for a merger. From the beginning I was always just saying that this is possible. It's still not speculation because the ability for them to do so is right there in the filings.
Was not saying using a different service would be optimal. Simply disagreeing with "one doesn't exist without the other". Which I stand behind saying is utterly ridiculous.
Just curious though, how do you come up with a $4 million sale of assets from Blue Line? They don't own their vehicles nor do they own the properties they operate out of. TIA
Of course I can provide documentation. Please refer to the latest 10q under history and organization:
https://www.otcmarkets.com/filing/html?id=15309349&guid=uRIwkpqtI27qJth
Until this changes it's proof via document that:
1. These are completely separate companies that are not merged.
2. There is no legal reference to BLPG being the compliance "arm" of the company.
Please refer to note 7 in the same latest 10q:
This section proves:
1. That BLPG only exists because Hypur and other Galvin affiliated business' don't convert the shares owed to them via MASSIVE amounts of defaulted debt.
2.Proves that it's not one doesn't exist without the other...it's BLPG doesn't even come close to existing without Hypur and Galvins charity.
Hypur will continue to make tons of money processing payments whether Blue Line is transporting and counting the money or not. While there are current SEC documents available I dont need to protect myself with "IMHO" in every post. These documents are the only ones that matter.
Does it make sense for them to keep BLPG on a leash to do their bidding? Of course! If they decided they didn't need them anymore they could also destroy them by converting everything and selling.
I don't make assertions, I relay exactly what Blue Line puts in their regulatory filings, so no it's not speculation.
If by some miracle these two merge I will be slapping heavy just like everyone else. Until that happens BLPG is just a company chained to Hypur's leg via debt and continues to egregiously ignore its responsibility to be transparent with it's shareholders...IMHO
The separation is that they are separate companies. BLPG is not the compliance arm of Hypur. I challenge you to produce any actual document saying different. I challenge you One doesn’t exist without the other is utterly ridiculous. BLPG doesn’t exist without the scraps Hypur gives them. BLPG can be replaced easily, they can hire anyone to transport money for them. BLPG on the other hand has no part of the rest of the Hypur business model and they’ll be just fine without them.
$IPTK - How this doesn't have more eyes on it is beyond me! Huge potential for future use.
It has absolutely nothing to do with BLPG unless you are under the assumption or belief that a merger is 100% going to happen between the two companies. The news itself did not mention BLPG at all...
https://www.prnewswire.com/news-releases/strain-partners-with-hypur-to-boost-cannabis-dispensaries-in-app-sales-with-alternate-payment-methods-301235882.html
Look man, I really dont have a problem with you and I know from your posts that you're extremely frustrated with what is going on there. I feel for you, I really do.
My real problem is with passs, moneybags and nourstox. All 3 of them are complete dirtbags. Stox hides it better than the other two but he is completely full of shit. Passs is the worst, he is completely immoral, just makes shit up and has for a while. I was on discords with him for a while and I was in BLPG when he started hyper pumping it, thats when I started getting out. All three of them are notorious flippers that preach HOLD HOLD HOLD to all newbies so they can flip with impunity. All 3 of them know for a fact that Hypur and Blue Line will never merge and always have.
I've been doing this a long time, I started trading in 2011 and went full time in 2013. I only traded listed stocks and etf's for a few years, I started trading OTC to break up the monotony. I still mostly trade listed and etf's and only participate in private chats with very small membership. I was a successful in the business world but I've made millions trading stock.
I've stayed successful by staying away from the ihub scumbags like those 3 and managing risk. You cannot hold past a 10% loss and be successful in this profession long term, it just doesnt work. Risk management is the number one key in this line of work. That's why I mess with them over telling the board to hold when the company hasn't addressed or updated shareholders in over two years.
I'm aware that all of that is was unsolicited and you didnt ask but I just wanted you to know that my posts over there have nothing to do with you personally.
I wish you the best of luck and success moving forward.
I didn’t ask you and never would. Just put your clown mask with the the tin foil hat back on and post some more hopes and prayers stuff over there. Don’t forget to reference all of the year and a half old catalysts that didn’t happen and don’t matter anymore.
22-0
I trade BLPG and will continue to when I see new lows that I can trade out of in a day or two. Go back and read my message again. It’s I only hold LONG positions
Jesus!! The split hasn’t even happened here yet, lol. The Twitter post I linked to you was from a week ago. It’s been a month since I’ve posted on this page. At least act like you’re capable of doing the most basic DD if you going to follow me to another board. Apparently your investigative abilities are as bad as your trading.
Awe, you followed me, that's so cute, lol.
Way ahead of you though:
$WECT - 1-300 RS....smh. This one had so much potential...first order of business as CEO...screw current shareholders, lol. https://t.co/licdomuKTo
— Volfan (@Volfanstocks) November 23, 2021
They…as in those that posted “something must be coming” when their montage was down because the market was closed.
I found it amusing because “they” are unaware that in the OTC it is VERY BAD when you’re montage blanks and trading stops during market hours. Outside of splits and name changes of course which are public knowledge and expected.
I do however agree with your earlier post, doesn’t make sense to sell .30’s or lower if you’ve held this long.
What's even funnier is that they actually thought this ticker would halt into news, lol. They realize this is an OTC ticker right?
$WECT - Here it is....they plan on becoming the Carmax and Autonation of motorsports. Detailed well in the executive summary.
https://motosamerica.com/
$WECT - dont know if you follow twitter but I've pulled all of the filings and posted them. Share sale is complete and i've posted pretty much all pertinent filings out there. Here are some links:
$WECT - Found the Utah filings where Motos America Inc was created in August. This is 100% going to be a motorsports business and it definitely has the right leadership team in place for it. pic.twitter.com/sTsrQUAWv0
— Volfan (@Volfanstocks) October 27, 2021
$WECT - Form 4's are in, share purchase is completed!!! Amended list with new officers filed yesterday....all that's needed is the 8k from new management. Everything done by the book and sold for $500k cash! pic.twitter.com/yinb9L63fO
— Volfan (@Volfanstocks) October 27, 2021
$WECT - Pulled the filing and it is 100% the Series A Preferred shares for the closing of the deal. This is happening!!!! pic.twitter.com/9F0JkNafcc
— Volfan (@Volfanstocks) October 19, 2021
It's there, its small and all the way at the bottom by the site signature. lol, its like they dont want people to know that they are listed? Anyway, still a positive.
At least this site has an investors tab that leads to the filings....that's closest they've come to acknowledging that their shareholders actually exist in a very long time! I'd call that a positive.
GL guys
$WECT - Digging around a little bit this morning....check this out.
Utah Motorsports Campus - https://utahmotorsportscampus.com/
Was formerly founded by and named after Larry H. Miller...and then bought out by MotoAmerica. Gives a brief history in the Linkedin profile. https://www.linkedin.com/company/utah-motorsports-campus/
The new CFO Terina Liddiard currently does still and has for about a decade worked for Larry H. Miller dealerships. https://www.linkedin.com/in/terina-liddiard-76661936/
Motoamerica is currently owned by the Krave Group LLC which is privately held. Everything seems to pointing to some kind of partnership or the parent company finally going public. If this is it could be a good one for the OTC...
It does appear that way, I added a couple times small over the last week and waiting for news/clarification as well. Historically there is VERY few shares traded here in the last few years, thats why im sticking around.
Yeah, I saw that too. Who knows how the market will take it, find out soon.
$WECT - Ive been wondering the same thing, that's a ton to fork over on a shell! Should be hearing something today or tomorrow as far as closing the sale and official appt of new officers. So far I cant find anything on Moto America Inc. so we'll see.
$BLPG - I see all of the true believers are still here defending to the death! Anyway, hope something happens for you guys soon. GL
$BFDE - Looks like Verity One LTD is the company incoming here from the looks of the DD.
Two of the new officers:
https://www.linkedin.com/in/adamreiser/
https://www.linkedin.com/in/johnpolyak/
Are the CEO and CFO of:
https://verity.one/
Both are heavy weights in the business world.
Final connection is Verity One's US business address on their website is the exact match to the NVSOS updated address.
From the website:
Company
Verity One Ltd. is an entity organized as a Wyoming corporation (the “Company??”).
The Company currently maintains offices at
1712 Pioneer Ave Suite 500,Cheyenne, WY 82001
10?, #27-15 Anson Rd, International Plaza, Singapore 079903
Level 5, Berkeley Square House, Berkeley Square, London, W1J 6BY
From NVSOS:
President Adam Reiser 1712 Pioneer Ave Suite 500, Cheyenne, WY, 82001, USA 07/08/2021 Active
Secretary Adam Reiser 1712 Pioneer Ave Suite 500, Cheyenne, WY, 82001, USA 07/08/2021 Active
Treasurer John Polyak 1712 Pioneer Ave Suite 500, Cheyenne, WY, 82001, USA 07/08/2021 Active
Director Alan Weiss 1712 Pioneer Ave Suite 500, Cheyenne, WY, 82001, USA 07/08/2021 Active
DD is there just waiting for OTC access and officer, address and website update for final confirmation.
It's def possible or waiting for court updates today to ensure an expedited custo is in progress. Being behind the market in their time zone always delays postings to late morning or afternoon.
LOLLL, have a good one bud and good luck to you!
$BLPG - Nice switch up on your post, I saw it before you changed it, lol. I get the feeling that no one here knew that their shares werent going to be tradable this week?
You can pull the chart up and monitor the price as BLPGD. You wont see it in your account until the brokerages receive and distribute the new shares. Wont be able to trade them till then either.
$ITRX - Yes, there were six custo entries for $ITRX Thursday and Friday on filing:re on behalf of Alpharidge Capital. Watching today for the Order Shortening Time to post.
Lol, oh its real. Check this guy out, its all he does.
https://twitter.com/ReverseSplitArb
New custo application submitted by alpharidge.
ITRX
Interra Resources Corp.
Alpharidge Capital LLC, Plaintiff(s) vs. Interra Resources Corp., Defendant(s)
Complaint
Comment: Application for Appointment of Custodian
ITRX
Interra Resources Corp.
Alpharidge Capital LLC, Plaintiff(s) vs. Interra Resources Corp., Defendant(s)
Initial Appearance Fee Disclosure
Comment: Initial Appearance Fee Disclosure
You do realize that I was not talking about myself buying just one share, I just thought it was funny.
Good luck though
lol, yeah man there's a huge group of investors that buy up 1 share of every single ticker that announce a split with fractional round up. Whenever a ticker announce the RS thats why you alway see hundreds and hundreds of 1 share prints. Crazy, but apparently it works.
$BLPG - I'll start by saying great volume, price and a muuuuuccccchhhhh better chart set up. Hopefully some kind of announcement is around the corner.
That being said.....
THIS IS A FREAKING TEMPLATE DISCLAIMER IN A FILING!!! It means absolutely nothing except we might screw up and its not our fault. This is the kind of crap that drives people away from tickers.
Best of luck, hope to see BLPG much higher in the near future!
That is completely crazy. They issued 26 million to crown bridge in September too for $10,500 in debt and interest.
The average price the next two trading days after the conversion in Feb was .0175. If they sold into the market those days then they collected $455,000 for $10,000 in money loaned and interest.
Im in the wrong business, lol. I'd love to see the terms for those loans, I cant imagine that there's anything that they can do now to change it. I cant see them not paying that off, it has to be written into the terms of the loan.
That being said whoever signed a note like that needs to get run over by a car....twice.