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welcome aboard, should be a very nice ride...
It is hard to really know what is going on in terms of the way this has been trading. It was very strange that the stock traded at .25 with only a 50k float. I hate bringing up the short mm theory but its strange that the stock traded so low with some volume and now is moving up in a big way on air. Maybe short covering... which if true would and or could be explosive... My hope is to see another DRVD.. check out the chart on that one pennies to 60.00..
I joined the $BLYQ train today! Very intrigued by the DD. Gonna dig on for merger info over weekend!
Oh yes all of you! Looking great. More info to come!
Go BLYQ
Good luck to all especially longs
You got that right !!
Shhhhhh right now silence is golden ;)
I am watching .... looking better and better ...can’t wait to see what’s in store for shareholders ... fingers crossed we see a nice forward split in the near term...
Trying to picture what a 10-20K volume day would look like...
Yes we will friend. Strong hands like we do + a nice chunk of the 50K float + large foreign entity = ......... more info to come :)
Go BLYQ.
I agree. IMO we will be handsomely rewarded
So true friend. That was strange there for a bit.
High powered Auditor, lots on money and relationships here......Things will soon get fun when we get more info.
Go BLYQ. Enjoy the day.
Looking good finally reflecting the 50k float ...
Brings smiles and a calm sense that this all is STARTING!
I believe this is big.
Go BLYQ. More info when ready!
Tap tap tap tap....it will come. There is a reason for this: https://www.otcmarkets.com/filing/html?id=13359315&guid=T-p3Uqzm3kpJB3h
Go BLYQ. Ready when you are Mr. Haiping Hu!
Are there any other 50K float stocks trading at .25? This is the cheapest I know of....
Same here. Hopefully something good coming
No, I didn't. Have enough shares for now.
That would be nice. Did you pick up the cheapies today?
I assume they didn't hire this firm to stay a shell. So might see some developments here in the near future.
Now this is pretty impressive here. Thanks for the heads up on this.
8k. New accounting firm. Not the typical OTC accountant.
Prager Metis is a Top 100 US accounting firm and a Top 10 International firm and, with over 75 partners and principals, more than 500 team members, and fifteen offices worldwide including New York, New Jersey, Los Angeles, London, and Miami
https://www.pragermetis.com/about-us/overview
No need for that. Hu is back as officer since yesterday https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=k9GKLxj8VFD3a8Be9bH1wQ%253d%253d&CorpName=BALLY%2c+CORP
Still trying to locate Mr. Dennis Tan.
Go BLYQ. Strong hands!
Hope we see something soon! Really like how low the float is here!
My friend, we have to be close. More Taps and back in $1.00+.
No current short as of 01/31/19 https://otce.finra.org/otce/equityShortInterest
So interested to see what is coming.
Go BLYQ. Patience and strong hands will win.
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:
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