Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Are you saying the name and symbol can't be changed here? I didn't see that rule.
That is actually not the problem. Many big time OTC traders have left the game altogether. Reason being, the SEC rule changes (15c-211) and the creation of the expert market. This killed the majority of catalysts that used to make these stocks run up so big. Add FINRA to the list of no longer allowing name/symbol changes for those shells used for reverse mergers. The reverse merger was one of the major catalysts in this market, bar none. Custodianship plays and reinstatements also revolved around the reverse mergers. As did many triple 000 plays. My take is that the SEC wanted to kill the OTC market and they have succeeded.I laughed back when so many OTC players were telling me that the new SEC rules would be a "good thing" because more money would go towards "legit" companies. Legit companies were never what drove the OTC. It was the "what ifs".
Wow! ADMG totally ran away from my limit order.
Very nice today guys!
About time getting noticed
The company is in good hands.
In case you are indeed the CEO of the change of control company coming in, I hope you gotta make something big out of this, you got one of the best shells out there in terms of share structure, this can do well if you do it right.
This is the OTCM first quarterly report https://www.otcmarkets.com/otcapi/company/financial-report/369430/content Trading volume and retail investor participation has dramatically dropped and will continue to do so. The SEC's rule changes absolutely murdered the OTC markets. The new rules fundamentally changed the OTC forever......and killed all of the major catalysts that used to make these stocks run up as big as they once did. In a nutshell, unless the SEC rolls back their market killing regulation, I can see the OTC closing up shop in another couple of years, if not sooner.
Potse, about the general struggles in the otc market
I can't agree more with what you said. I have been pointing out this problem for months now on twitter and that it's one of the biggest self inflicted problems the otc got. It has a huge impact on the market especially because they can put a CE on to basically everything if they want, they don't like something in a company or in their filings and boom, how can it be that they have the authority to do this. It's absurd.
Traderfan...OTC Markets is definitely frustrating now......
Unfortunately, people don’t care like they used to. To buys chasing garbage.
This is a beauty setup, with a chance of control in process.
Potse, ADMG
Thanks for that stuff. First of all I hope they close the deal since it is mentioned in the filing that it's not yet closed. Second the problem right now really is that nobody out there gives a damn about reverse mergers on the otc anymore. I mean with this share structure ADMG should have hit 15 cents at least after that change of control was written about in the filing, but right now nobody cares about a good setup or any of these catalysts anymore in the otc, hopefully that changes again at some point, it's kinda frustrating. It would certainly be good if they put in more than one company into the shell eventually.
Traderfan...change in control, legacy share valuation......
Still just an amusement park and pinball/arcade vendor. No info on revenues to be found...
Well, owner is Nik Parks
lakesideashland.com
thepinballcompany.com
silverballbar.com/arcade-gaming
Yep agreed, an 8k with the closing of that change of control could get this more legs I assume.
Great share structure here....which probably means a garbage reverse merger. Amusement park LLC hard to get excited about.
? ADMG Parks Amusements, LLC is a limited liability company (LLC) located at 6000 S Sinclair Rd in Columbia, Missouri that received a Coronavirus-related PPP loan from the SBA of $162,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 60 people during the applicable loan loan period.
https://www.federalpay.org/paycheck-protection-program/parks-amusements-llc-columbia-mo
Need that 8k to hit with a formal change of control
Potse
Looks like there is a change of control in the 10q today. Finally. You still in here? What‘s your take?
„8. SUBSEQUENT EVENTS
On May 1, 2023, Global Strategies, Inc., the Company’s controlling shareholder, entered into an agreement to sell 11,866,563 shares of the Company’s common stock to Parks Amusements LLC, a limited liability corporation incorporated in the State of Missouri, for total consideration of $300,000. The 11,866,563 shares represent approximately 73% of the outstanding shares of the Company as of the date hereof, and the sale of common stock will effect a change in control of the Company. As of the date of this report, the transaction has not yet concluded“
anyone ever figure out what happened here, just curious
ADMG(.10)...added to position.....
ADMG(.13)...increased position......
Almost 3/4 of the o/s was sold by 5 insiders to the merging group. That's a sneaky little merger with a lot of interesting potential that just slipped right past the market. Can't wait for the day this is PRed and $ADMG potentially is revealed to be a much more valuable stock than it's current market cap implies.
ADMG, Soon, the new company will get great news out after the Merger. With so low OS and tiny float, it'll skyrocket. We'll see.
$ADMG, 0,12, Merger. O/S: 16 m, insiders holding restricted 12.5 m, float: 3.5 m.
https://www.otcmarkets.com/stock/ADMG/security
https://www.otcmarkets.com/filing/html?id=15699987&guid=3A6wkanF-s5pQth
agree gunna grab more tomorrow..
It's crazy, they literally came in and bought up almost 75% of this company from 5 people! This is an absolute wildcard play here, easily could be many dollars.
I believe this is company coming in .. HUGE https://gsiprotection.com/
Some group just purchased most of this shell a few days ago. Something is up and we should be hearing more updates you'd imagine.
this has come all the way back, so glad I sold, maybe not a perfect, but recouped almost everything over lifetime trading. I would consider getting back in at these low prices, but if they never actually do anything then what's the point, it will end up back at zero.
At 3 cents its worth 480K which could function as a clean shell.
well besides the 2 day wonder, this puppy is not going anywhere from what I can tell. I will continue to follow but those with stronger hands have taken all my shares. It's just not worth investing in a shell, not to say they can't be successful, but I dont like the odds.
Miraculously over maybe 4 years of trading ADMG, I lost a few grand, I'll take. Only by heavily averaging down was I able to do it, with the believe it would at least bounce, and it did. Granted I could have sold off what I had at much better prices, I can live it with, they should have been successful with the original business, damned chinese government was 100% at fault, so very very sad, our government certainly has its issues, no Q about that, but what the chinese did to this company in inexcusable and makes me ripping mad.
Absolutely, even after today's big pop the market cap is still only $3.5 million. They didn't successfully get current finally for no reason. Let's see what they're able to line up but based on this chart and share structure anything is possible, especially in this market madness we've seen the past year.
ADMG(.22)...accumulated a position.....
I accumulated a fairly large position in the ADMG shell today in the 12-20 cent range (cost basis is a little over 17 cents). Reasonably nice share structure, basically clean from a debt standpoint, and not followed by many investors. Risk/reward looks pretty attractive to me around this 20-cent area.
Given the types of high valuations ($10-20+M) that the current market environment is putting on a number of shells, it would not seem unreasonable to think ADMG has a decent chance of seeing share prices well over 50 cents.
Well hot dog! What a freaking day and how about that close!! Sheesh, this looks like it could get nutso even more
Definitely some BS
Which broker? TD Ameritrade has lifted the restriction as of today. Other brokers should follow if they haven't already.
Still can't buy it though
Very sneaky stuff going on here, buyers slowly eating up these asks but no bidders are following the action up. Almost like they don't want to get the market too excited yet.
I'll be damned. These SOBs just got current today and there's not a peep out there on the net. Hmmmmmm
well here we are, have gone nowhere since trying to become current. I dont have a lot of shares left, yeah the share structure is good but they actually need to do something.
well, good for you, a new base appears to have been established, but without news it will fall back. Interesting to see what Ethan can do with this, but just being a pure shell, shareholders won't get a lot. I have taken a little more off the table at a dime, and would continue to sell what I have remaining as the opportunity presents itself.
$ADMG just filed a Form 10-12G
(The SEC requires companies that have filed a Form 10-12G to periodically file Form 10-Q, Form 10-K, and Form8-k)
IE $ADMG is working to get current, &at the moment has a minuscule market cap, + a tiny float. Slipped this in just before the deadline
It's been me. Grabbing some for a lotto hold, if I lose it all I lose it all. For the record I have no news or anything I'm basing this on, just the chart and a hunch (ie don't get your hopes up that this little flurry of buying actually means someone in the know, knows something).
yes I was surprised by that, let's see where this goes, if anywhere.
Followers
|
21
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
349
|
Created
|
11/16/14
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |