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Even if it remains where it is, it'll be hit by the enforcement of the new SEC code for non-reporters. If it's a complete ghost ship, even a RTO would probably take a custodian first. But with more than half the shares, belonging to the missing CEO, that could get interesting.
its been on that track for years now, yes. Its a dead company until anyone provides evidence showing otherwise.
so, is DRWM ready to find itself on the greys then?
Ricky Bernard....aka the CEO/founder of DRWN aka Quantum Medical Transport.
sorry, who's Ricky? i only look at the OTC through the lenses of charts, posts, volume, volume, volume, volume and certain market makers, their activities and or anomalies
Its been dead ever since Ricky walked away from it. Shame on everyone here who pumped it.
looks like DRWN is heading to the greys/ expert market
looks dead
I'm pretty sure, it's on the list of banned stocks, as recently issued by TDA and others. So, it's Reduce only, for retailers. They already took similar action against all Caveat Emptors, effective on May 25th. That sector's been virtually destroyed by that move. Only a few international brokers will trade those stocks now, and there also seem to be no restrictions for pros. That of course also means that it'll be easy for pros, to grab the cheapies, in the few cases, where it might be worth it. Many CEs are now down to frequently zero volume, and a price of 0.000001, which shouldn’t even be possible, but obviously, not even the minimum bid applies to every market participant. The new ban effectively downgrades all Pink Limited and Pink No Information stocks to Expert Market, even if that's not actually happening. The result is the same, and you can watch them drop dead, one at a time.
I only took DRWN for a short ride, and also pulled out months ago, with a modest gain. I just couldn't really see the attraction. It's been discussed, if the CEO might have faked his illness and made a run for it. While I can't speak to that point, and am not making any accusations, the facts that remain, can't really get me excited. In retrospect, the last shareholder update, he posted, almost reads like a Dear Joan letter. There's no evidence of any effort to take the company current again. There might have been fake websites and almost definitely a fake Twitter account, without the company even objecting and posting a clarification. That looks bad. I've seen active companies react to impersonation, and promptly. DRWN didn't. And there's this alleged patent of theirs. It was once posted in a DD package. The problem is, that this wasn’t a patent application at all. The introduction stated that it was a preliminary patent application. That's a "poor man's" patent application, that doesn’t even initiate an approval process. It's a kind of priority notice that grants a one-time, non-extendable deadline of one year, in which the applicant can decide, if he means business or not. Because there's no investigation into the eligibility, the fees are much lower than for a real patent application. But the company seems to have gone dark, before a real application was ever handed in. That means, the preliminary application has expired and is completely worthless by now.
The only interesting aspect, I can identify, is a decent share structure, with over 50% restricted shares, in which someone should still have a vested interest. But that alone proves nothing. It could still become a custodian play, or a target for a Reverse Takeover, but that's a long shot. It could still get exciting, if anyone took any action, but there's no evidence of any activity, at least none that I'm aware of.
I had been patiently waiting to see what would happen with this. When the price and trading activity increased earlier this year, I was optimistic of this investment, and figured it would be good to hold indefinitely. And here we are almost back down to .0001, where I originally bought it. Maybe it will go back at some point, but who knows if that will happen,and if it does, when will that be - weeks, months, years, or never? But even if it does go back up, is it worth waiting around for? So I sold my position before trading stalls altogether and can't sell anymore. I will probably check back in from time to time, out of curiosity as to where the price goes. But I can't have my money sit around any longer. There are too many investment options to have my money sitting in this indefinitely.
I can see that DRWN is sinking again as it hit .0002 today. I got out long ago but watch occasional. Does anyone know if DRWN is on the SEC latest regulatory list?
On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
They better get shit together and get current or games over next month
yep, nice... trades thin for a trip too
Well this woke up all the sudden last couple hours
Actually, OTC says security details were updated this afternoon...
For a sleeping giant, it has great volume!
I can’t wait for this one to wake up and get some news
Any ss change lately after tones of shares have been traded?
$DRWN YTD volume 13,446,714,056
https://otce.finra.org/otce/marketStatistics/monthlyShareVolume
That was short lived.
If it sinks, it would be like the owner throwing a million dollars ( my understanding of what one of these shells is worth) in the trash. Does anyone really think that will happen?
Nowhere. CEO has been missing since 2018. No product. No sales. Ricky left everyone hanging. This is a shell. Garbage.
Wasn’t me!
That’s probably a good thing
get pink or sink
motto of 2021
Any thoughts on where this is headed?
some nice slaps here today
I’m loaded and ready for news. I’ve been in this one for five years, at one point thought my initial investment was gone but actually added a few months ago because of the volume.
yes, it looks like DRWN woke up today. might see continuation tomorrow or next week and get out of 000s
What about today’s volume, are you impressed like me with 269.4 Million?
Added DRWN .0007 wall falling
https://twitter.com/askwarrenbuffet/status/1391561802173935616?s=21
I mainly track volume. DRWN still has some decent daily volume
Back in 2018 there was only one employee who had a virtual office. Ricky has been MIA since middle of 2018. In 2018, Websites were down, Phones not being answered. Email not being answered. Transport part of company was already spun out previous to that. All this company had have left was a supposed “proof of concept” which it didn’t even present as planned? There were never any promised updates. Nothing. Rumors are garbage for these very reasons. If Ricky were communicating and making presentations and giving updates as promised back then and wasn’t the only employee and didn’t disappear that would be a different story but the guy vanished in 2018 and left everybody hanging. IMHO
Super low volume today, next week we should test .001
thanks-- sitting on some dusty shares-- will hold for now- THANKS
* DRWN - someone reported this on Twitter:
"$DRWN The DRWN QUATNH token when originally listed on EtherDelta was done through two original source wallet addresses. The second source wallet is alive and kicking and showing multiple transactions in and out in the last 7 days."
https://twitter.com/bob_bullish/status/1366748205879201793
have a link??? THANKS
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