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Have you followed many formerly suspended Greys in the past?
Ahhhhhhhh but they have a lawyer that is the "CEO" now. Hmmmmmmm. What does his background state he practices and dabbles into? Not so fast, Shelly! The shell game is about to start, IMO!
Once again, Greys are not pumped. There isn't any point. And given the suspension, the SEC would be all over any promoters in a heartbeat.
Waiting for some hype to see if they pump this pig. I smell bacon!
No. It can trade as a Grey. But it's unlikely to find any new investors there. Volume dries up in Greys, and has done so very quickly in the case of ARSP.
Are you saying that the SEC revoked all status and all trading for ARSP?
It isn't a play anymore. The SEC killed it.
Why the long distance management? What sort of a play is this? In my opinion it could be a pump scheme or program. I am proceeding with the highest level of caution. Keep digging to find more details. They're out there!
lol, the "arse" stuff still makes me laugh. I burst into giggles the first time I saw that their website and Twitter accounts use "arsproud" as part of the URL.
So Am I ... Just Holding My Stock in ARSEFULLY ARSP and let it go wherever it may wanna run upward or downward or just dead cellar box.
Hey now, way to ruin my Friday. Just kidding. I don't have a big investment in this, so I'm going to stick it out and make this a useful experience. I am just curious to see how this whole process will work out. I am nearly certain I won't get my money back, but I want to go through the process in case this ever happens again.
DREAMING - yes. Have you looked at that property and its location? Who wants to go to an inland spot in a city when traveling to tropical weather? LOL!!!!!!!!! In my opinion, if it was so good the owners would have sold it for cash instead of considering to make a deal with a company for "stock" that needs a special circumstance to increase from one half of one penny to $1.10 per share! I think there's lots of cloud blocking the sunshine on this one, ladies and gentlemen.
that's something.
Hey, if nothing else, at least this new management change can keep us dreaming right? Even if there is no hope, at least we are confused about what's next, which keeps things interesting.
I don't think the LOI matters at all at this point. Probably the Mona Lisa people have already called it off.
So, here is the real question. If news is released that this deal actually went through, what does that do for this stock? Probably nothing right? So does the LOI even matter?
Because the letter of intent is all they have.
yes, I know about the proposed deal. my contention is that it may not have been consummated as it was not discussed in the recent financial report.
Yeah I know, ugh. I asked that question back when that letter was published. Why did they post the letter of intent, not the agreement.
loi's and definitive agreements don't mean the transaction was actually done.
We learned about the stock deal here:
http://arsproud.com/press/Mona_Lisa_Press_Release.pdf
But at this point it's only an LOI. They can just forget all about it. And should do that.
You would. But I have the feeling he doesn't know what he's getting into.
That's true. I suppose there's pressure from the Mona Lisa people to fix this mess, but as I see it the only fix is to rescind the agreement.
because the Mona Lisa was purchased through shares of stock.
was it? it wasn't mentioned here;
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=122481
He may have a financial background and still not know anything about the Greys, unless he's dealt with a lot of very bad penny stocks.
He may think all that's needed is for the company to find a sponsoring MM to submit a Form 211. If so, he'll learn how difficult that is.
I do like that ha has a Georgetown law degree and has been a CEO and has real estate experience. You would think a lawyer with CEO experience would think carefully about taking something like this on, and would have an action plan in place.
It doesn't seem like they would be able to do a RS any way, because the Mona Lisa was purchased through shares of stock. If they do a RS, those shares would be worth very little and I think Andalusian would have some significant liability there for fraud, misrepresentation, breach of contract, breach of good faith, etc.
Its nothing that a little financial Kung-Fu can't address, in my opinion. That would be a neat trick! I guess that's why we have people in this world that do this for a living. The new "CEO" has a financial background. Maybe you can ask him some questions? But you will have to go to New York to do it, instead of Nevada. Remember that he is a New York-based attorney, over 2000 miles from the company's operations as stated as public record and/or via Google.
Sure. But it's impossible. At least without a large reverse split. And the o/s isn't all that high to begin with.
Greys are almost completely illiquid. The more time goes by, the more illiquid they become.
DSTAT, how would they ever get to that level though? Nobody is trading this...how is it going to ever get to $1, let alone 10 cents, when you can't see an ask or bid price?
Refer to the contract to purchase the hotel in Costa Rica for reason to raise the price of the stock artificially. According to the contract they need to increase it to $1.10 and sustain that level for a certain period of time in order to meet its terms. In my opinion, that's a strong motive. Do you agree with that logic?
The possibility of a pump-type of program may exist.
If "new management" thinks so, I'm afraid they're badly wrong. You can't pump a Grey. Especially not one that very few people were interested in to begin with.
Of course they could try changing their business to pot...
Why another long distance "CEO"? In my opinion there are only a couple of reasons for this sort of "CEO" with that background. Due diligence could not reveal any hospitality background whatsoever. It appears as its all about money. That doesn't solve leadership problems. The possibility of a pump-type of program may exist. Given the past track record of certain on-goings and individuals I believe that the powers that be will be watching this one closely, regardless if there are straw-men involved.
Yes, it's very odd. No, I don't think a pump is coming. It's very, very hard to pump stocks on the Grey Market.
Isn't it odd to announce a new CEO right now? You think a pump and dump is coming?
Disregard my last post. I'm an idiot. I found it.
Sure, but what's the point of any of it? ARSP is stuck on the Greys, and will in all likelihood be stuck here forever.
And the SEC may have serious concerns that could lead to a second enforcement action.
Not a puzzler. Look at the background on Google. There's lots to see. Look at the company type. Ask yourself what they have in common. What are their common needs? Then, ask yourself why would someone take that on. Ask yourself about "other" management and decision makers. Ask yourself why they don't have hotels. Take a look at the structure of the deal from this link:
http://arsproud.com/press/Mona_Lisa_Press_Release.pdf
Ask yourself about the stock price target and how it will get there. Ask yourself about the nebulous terms. Ask yourself about the target property itself. Ask yourself about its ownership and management. In my humble opinion I think there are some bits of hype and some serious questions of planning, execution, and capital to operate or purchase anything. It seems that a specific "plan" must be in place to get the stock to $1.10/share. It will be interesting to see what the outcome is when examined closely. In my opinion we may be in for some interesting financial acrobatics!
What new management are you referring to? Link?
The puzzler is why anyone would want to take this on. It's dead in the water.
More out of town management! How can any company effectively operate with its leader 2000 miles from headquarters? Also remember that the Chairman is located in Kansas City, about 1000 miles away! The alphabet behind the name has little to do with day to day, local management! It appears to be a big disconnect between the company and its leadership. Seems like a lot of hype but no results.
This one will never go anywhere again.
Look at ARSP go....... nowhere. All hype and no substance. Looks like the shell game continues; public shell company game, that is.
He lives in Kansas.
Something about John Madsen?
cool story... thanks for that info... smh
gee. nothing about the mona lisa in the current report. I guess it's not so current.
Alright, you've confused me...
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