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You do realize there are no shares traded here as in 0 shares.
No freaking idea.
Please somebody have a clue........
Anyone know whats going on here.
Is Ross DiMaggio going to sell the shell or is he going to R/M something into it?
Mr. DiMaggio, 50, has served as a partner at DRC Partners, LLC, a merchant banking and strategic advisory firm focused on providing expert advisory services to address the needs of privately and publically-held companies, since February 2009. From February 2019 through July 2019, Mr. DiMaggio was a managing director of Noble Financial Group where he provided advice on investor relations and the launch of a proprietary platform. There are no related party transactions between the Company and Mr. DiMaggio reportable under Item 404(a) of Regulation S-K.
Got the same position but at 8 cts and dating back from years ago.
Curious to see what Dimaggio has in store for it.
PHBR(.1099)....increased my position.....
I completed accumulation of a core position in the PHBR shell today with some purchases under the 8-cent level. I'm currently averaged in at .0551 per share......
Hold tight for dear life - let's see this baby lift off.
Demand picking up and not much on the offered side! HOLD!
GLTA to all us!!!!!!!!!!!!!
I guess that's why this got knock down to .043 today.
I am going to try and buy some more at theses levels........
PHBR(.079)...finished accumulating a position......
I completed accumulation of a core position in the PHBR shell today with some purchases under the 8-cent level. I'm currently averaged in at .0551 per share, which represents a legacy share valuation on this shell of just a little over $600K (see post below for legacy share valuation explanation).
Although there is never any guarantee of a successful/profitable outcome, the risk/reward at this kind of valuation on a fully-reporting Lazar shell is extremely attractive. Especially considering the types of multi-million dollar legacy valuations we are seeing on shells in the recent weeks/months. Paying attention to the legacy valuation on your cost-basis position can help mitigate (to some extent) the potential negatives of any share structure change (split, dilution, etc.). And leaves you nicely positioned to participate if momentum buying develops.
It should be interesting to see what Ross Dimaggio has planned for this shell. He has spent many years in the business world and the area of investor relations, so he has probably developed a lot of connections to potential RM candidates. If he didn't purchase PHBR as a placeholder for a third-party type of RM, it would probably be reasonable to assume/guess that he might bring his private equity and venture capital company (Switchback Capital) public via this shell.
Legacy share valuation is something I have found quite useful in analyzing shells, and identifying undervalued opportunities in the shell market. It is a way to compare apples to apples, and oranges to oranges.
In the case of PHBR, the legacy shares are the roughly 11.1M shares that existed before Lazar awarded himself the 18M control shares. So at the current share price of .055, PHBR's legacy shares have a valuation of about $610K. As a very general rule of thumb, it seems like many of Lazar's shells reach legacy share valuations in the range of $1.5 to $5 million, and sometimes significantly higher.
I picked up another 30K shares in the PHBR shell today (currently averaged in under .046/shr). The usual reverse merger potential risks apply here (negative structural changes/reorganization, etc.), but the overall risk/reward looks pretty attractive to me.
It is unclear at the moment if David Lazar simply forgave the remainder of his $40+K debt, or whether he will receive some shares at some point. The general text of the 8-K filing did not address this issue. The detailed share purchase agreement would normally answer this question, but it was not included with the change-in-control 8-K.
Once this churning around the 5-7 cent area is completed, things should get a bit more interesting. I am initially targeting a move into the 15-20 cent range, which I think would be a reasonably achievable legacy valuation around the $2M area.
Ross DiMaggio LinkedIn profile.....
https://www.linkedin.com/in/ross-dimaggio-0b4b9219/
I know DR bought out DL for control of the corporation. I don't know NJ law, is DL still the CUSTODIAN of record? Where can I see the court calendar for $PHBR?
TIA
No clue guess we wait and find out
Those were the 18MM shares bought from DL.
8-K'd previously, part of the exchange to take over the ticker.
Any idea what Ross's plans are going forward?
Any thoughts of what it does from here?
8-k out change of control looks like Lazar found a buyer.
http://archive.fast-edgar.com/20201215/AH29K62CLZ22QZ8222952ZY2G52IZ222O222/
Item 5.01 Changes in Control of Registrant.
Effective December 9, 2020, DR Shell LLC, a Delaware limited liability company (the “Buyer”) purchased from Custodian Ventures LLC, a Wyoming limited liability company (the “Seller”), (i) 18,000,000 shares of Common Stock of PhoneBrasil International, Inc., a New Jersey corporation (the “Company”), representing approximately 62% of the outstanding Common Stock of the Company, and (ii) 10,000,000 shares of Series A Convertible Preferred Stock of the Company, for a total purchase price of $245,000 in cash. The funds were provided by the Buyer’s members. The shares were acquired pursuant to a Stock Purchase Agreement, dated December 9, 2020 (the “SPA”), by and among the Seller, the Buyer and David Lazar, then Chief Executive Officer of the Company. As a result, Mr. Ross DiMaggio, the manager of the Buyer, acquired control of the Company.
Under the terms of the SPA, effective December 9, 2020, Mr. Lazar resigned as the Chief Executive Officer, Treasurer and Secretary of the Company and Mr. DiMaggio was appointed as the sole director, Chief Executive Officer, Treasurer and Secretary of the Company.
Mr. DiMaggio, 50, has served as a partner at DRC Partners, LLC, a merchant banking and strategic advisory firm focused on providing expert advisory services to address the needs of privately and publically-held companies, since February 2009. From February 2019 through July 2019, Mr. DiMaggio was a managing director of Noble Financial Group where he provided advice on investor relations and the launch of a proprietary platform. There are no related party transactions between the Company and Mr. DiMaggio reportable under Item 404(a) of Regulation S-K.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b), (c) and (d)
To the extent required by Item 5.02, the information contained in Item 5.01 of this Current Report on Form 8-K regarding the departure and appointment of directors and certain officers of the Company is incorporated herein by reference.
They just keep selling and selling $PHBR.
Love how this is going higher & higher
without much fanfare..... another lazar ticker
with an equally great SS and low float is at
.25 x .30 .... up from .02..... this has the same
Potential
Good luck to all
That guy is killin me.lol. He keeps saying there is selling going on when there is barely any volume and the bid keeps moving up. Must be a rookie.
Phbr was .018 x .025 only a few weeks ago,
now it’s .06 x .077....phbr has major potential
be patient.....
Good luck to all
let's hope they get cleaned up and the stock can move higher.
Thank you
Because they are unaware of Lazar’s involvement and have held these shares for long and see a chance to get some money back
Why do you think the sellers are selling $PHBR?
Looking good!!!!!!
bids in the .05s now
New highs today and on light vol. This thing is so thin.
Another great low structure lazar ticker just
Merged with a huge biotech company that has
FDA approvals for covid...what other lazar stock
has an equally GREAT share structure....PHBR
what kind of company can merge with PHBR
Likely, equally as HUGE
Good luck to all
I guess I was wrong.
Good for all of us.
nice thanks for the info
Possible DD to report.... mr lazar is working
With a NYSE company (UUU).... he introduced
6 companies to this struggling nyse company
for potential merger talks.... 5 went in another
direction (see UUU 8-k for verification of my dd)
so 5 possibly NYSE eligible companies are
possibly dealing with lazar to go in another
direction and PHBR is one of lazars BEST SHELLS
good luck to all
The sellers keep lowering the ask and raising their sizes.
Level 2
What are you looking at?
Not sure what you looking at.
Seems to be consistent sellers at lower and lower prices and no buyers...........
Seems to be consistent sellers.
Let's hope for the best.
I think there is little to lose and much to gain!
Is $PHBR worth getting into at these levels?
That big bid proved to be "fake news" as suspected .
Overly optimistic .. trying to start an ask smack run ...
Stay safe >> M
Big bidder moved his bid ....
upward by about 20% to the .037 level....
phbr is likely one of the sweetest cleanest
shells out there.... this will hopefully find a
larger company than usual.... and if a juicy
company in an exciting industry.... phbr could
SOAR
Good luck to all
yup so thin too .05 hit for 10k and it upticked lol
.031 x .062, huge bid in.....
I don’t have access to NJ court documents
So I won’t know if something is up.... but that
bid makes it look like something is up....
300 k wants in at .03....
Good luck to all
Beyond thin.... ask shot up to .08....
was .035 x .04..... .04 got eaten
.042 got eaten..... now bid/ask is
.0351 x .08
Love lazar low float gems
Good luck to all
.0429 its thin thats for sure
Bought this morning at .025... with patience
this could be an absolute monster with the right
merger partner
Good luck to all
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Their website: http://www.mynex-us.com/
Market Value1 | $369,016 | a/o Mar 26, 2015 |
Shares Outstanding | 10,543,300 | a/o Jun 09, 2008 |
Float | 3,493,300 | a/o Jun 09, 2008 |
Authorized Shares | 30,000,000 | a/o Jun 09, 2008 |
Par Value | No Par Value |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |