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Another reason I think that they are really talking about NASDAQ, and not just the OTC, in Hu's Chairman's message he said this to the GMB shareholders:
Thank you for this, Great perspective. Very interesting.
I loaded more today. I have a feeling more info to come. April 4th 2019 marks 1 year.
Go BLYQ. Looking forward to the plan Mr. Haiping Hu.
https://www.otcmarkets.com/filing/html?id=12670182&guid=yGQtUKFgA0pzM3h
" Item 5.01 Changes in Control of Registrant.
Pursuant to a stock purchase agreement (the “Agreement”), effective as of April 4, 2018, by and among Aureas Capital Co Ltd, Chen Yi-Dou, Ming-Chun Lung, NYJJ Investments, Ti-Jung Chen, Yi-Fang Lin and Zhiqing Wu (together, the “Sellers”) and Haiping Hu (the “Purchaser”), the Sellers sold an aggregate of 9,797,600 shares of Common Stock of the Company, to the Purchaser for cash consideration of $360,000 from personal funds of the Purchaser (the “Transaction”). Of the net proceeds, $7,500 have been held back in escrow for the payment of past due taxes. The Transaction closed on April 4, 2018. Following consummation of the Transaction, the Purchaser holds 99.5% of the voting securities of the Company, based on 9,850,000 shares issued and outstanding as of the date hereof. The Transaction has resulted in a change in control of the Company from the Seller to the Purchaser. "
Haiping Hu has talked several times to the shareholders in China about taking the Global Mentor Board to NASDAQ, I've only seen them mention an OTC shell once.
I've noticed in many cases the Chinese often use NASDAQ and the OTC interchangeably, when talking to their own people. They say they are going to NASDAQ, but in reality they mean the OTC. I assume this is because, it's easier to explain that they going public in the US, as everyone knows what and where the NASDAQ is.
However, in this case, I actually think he may mean uplisting from the OTC to NASDAQ as soon as possible. I could be wrong, but it's the impression I get, from reading the translated text. Obviously, with a 50K share float, you don't even come close to meeting the liquidity requirements, you need at minimum 1,250,000 publicly traded shares upon listing.
This requirement would be easily met by adding 200K shares to the current 50K float, then doing a 5:1 f/s. Of course, You also need a higher pps, but in a new issue like this, getting the pps to a few dollars is easy, so if a couple hundred thousand shares got leaked, it would not be that big of a deal......just a thought....obviously I don't know what they are planning, but seems plausible enough.
Will keep adding down here as funds allow. At some point if the float does not change and we get news this will go crazy!
Why would someone keep hitting the bid when there is obviously action at the ask ... I had been bidding in the past higher than what another mm for filled at so something strange is happening to keep this down no clue why ... but strange
Same with me i think it’s very possible the mm is shorting this thinking it will go nowhere although also possible that someone with some early share is blowing out his position but again mm buy and sell when they sell it’s often short ... time will tell ...
Thanks good luck to you too!
Absolutely. Not to mention the DD thus far shows a success business leader taking this shell over.
He is verifiable, respected, and has some very interesting associations.
More will come. Just have no idea when.
Go BLYQ. Good luck to you on your other trades while we wait.
This has to be one of the cheapest fully reporting stocks with this low of a float. Good risk reward at these levels IMO!
I agree but no short position as of 01/15/19.
https://otce.finra.org/otce/equityShortInterest
Either someone is working overtime to hold this down or someone got a bunch of shares hoping for a quick ride that lost patience.
Go BLYQ. Audited financials and verification from the transfer agent are good enough for me at this point.
I am wondering if this was shorted. I mean how many shares do we own on this board. I picked up a good amount!
Share Structure again updated 02/06/19. Still showing that magical 50K float. https://www.otcmarkets.com/stock/BLYQ/security
Go BLYQ. Look forward to hearing more Mr. Haiping Hu
Well it’s sure trading now like it has close to a 50k float ... nothing on the ask small buying took it from .35 to a buck ... not sure what to make of this at all ..
I have seen plenty of times a change of hands of shares in the form of a flush before action gets going on these shell takeovers. What would be encouracging is if we see insider buying of the recent shares. It seems like retail soaked up most but who knows.
This one looks interesting to me. Thinking of buying some shares just in case the float has not changed. If it has not on the next update well....
This is really a tricky one to figure out.
On one hand, this has not traded right, something is off here, this does not trade like a Chinese ticker with 99.5% insider ownership and 50K share float. I've followed tons of these low/micro float Chinese tickers over the years, and I can't think of any that have traded quite like this, where there is always a seller, and always willing to dump it down lower.
And on the other hand, everything I have dug up on Haiping Hu, and the companies he's associated with, the Global Mentor Board/Teachers Council and Shanshan Group have been positive and impressive.
This is either a great buying opportunity or we're missing something and getting played for suckers......I can't decide which yet...lol.
I dug around a little today, the most recent thing I could find was Haiping Hu's 2019 Chairman message to the folks associated with the Global Mentor Board.....which may or may not be the merging company here.
https://mp.weixin.qq.com/s/BfSce5oYpJ5F3rMYvyFPYA
This is run through Google Translate:
so strange, I have a bid in right now at .35 and the mm is not showing it for some reason on my ticker. Can anyone else see it?
If the float is actually 50k I own just under 10% of it haha. And I know a lot of others here have more shares than me.
Key thing is the company needs to move forward and get some action happening other than selling shares !
I averaged down as well! We must own the entire float right now and whoever had the rest I guess got tired of waiting... either that or its a short and if the share structure is accurate good luck covering.
Yeah, but OTCX is gone. Maybe that was the last he had.
Unreal, bid got hit again.
Added some myself.
Maybe he's ready too
You're all just too fast for me this morning. :)
GO BLYQ. Ready when you are Mr. Haiping Hu
I agree the SS does not match the trading pattern on this ticker, but it is 'verified' so that's why I continue to add. Good luck
Supposedly "TA Verified" but yeah I agree, this doesn't trade like any 50K float I've ever seen, seems like there is always someone with shares to sell.
There's no way that's the true float
So tempting to add here at these prices, but just when you think it can't get dumped down any lower, it does. This has got to be close to the bottom though you'd think, especially give the share structure.
Outstanding Shares- 9,850,000 - 01/30/2019
Restricted- 9,797,600 - 01/30/2019
Unrestricted - 52,400 - 01/30/2019
Held at DTC - 50,000 - 01/30/2019
Still adding to this Low floater
Same good luck to you my friend!
Right with you friend! And already got a nice pile started. Slowly and steady this float will get locked up.
Good luck and Go BLYQ!
Great to hear! Accumulating as well. Strong hands here.
Good luck!
OTCX on ask again, now with 125 shares. Think he's done after that (for today)
2.25 ask now. Whenever it gets going it will fly
It just started trading. Maybe they are bringing some shares into the float
Accumulating as well. Just curious, seems like there is a seller but no volume for the past 3+ years
Nope. According to last Q that have under 10k liabilities, so can't be that. I'm just waiting until new CEO is merging a company in, and addig now and then.
Any idea who is selling? Or where the shares are coming from ?
Nice. I keep adding
Well Friend. This is just awesome Info. Thank you.
And once this gets notice or we hear from Mr. Haiping Hu... it should be fun to watch.
Thanks again and best of Luck.
I won't say I'm 100% sure, but I'm fairly confident(95%..lol) this will be used in a merger with Teacher's Council (Beijing) Information Technology Co., Ltd.
http://www.huataiyihe.com/
You can see here in this post on their blog, back in March, they mention going public through an OTC shell company....and the 8K with the Change of Control of the shell dropped in April. Also, Haiping Hu is the Founder and Chairman of the Board of 'Teachers Council' so if you put 2 + 2 together that would seem to be it.
http://blog.sina.com.cn/s/blog_15c104c0a0102xjmm.html
Friend...you can count me in! With a starter. :)
Its going to be interesting to watch this develop.
Good Luck
I'm still accumulating. Got some more at 1.5
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