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Hey Pap, You have a target price on this one. Right share structure; right merging company. Denunzio shells do very well after the ticker change.
Denunzio has an excellent track of protecting shareholder value thru out the custodial management process. No dilutions; no reverse splits, and no negative surprises IMO. His other deals were perfect for shareholders.
Thanks; need to add to my shares. Should be a massive, percentage move north in the near future. Quality and Certainty at a bargain price IMO. One of the best situations on the otc right now.
Correct-a-mundo :)
Am I correct. Only 89 million shares in the public float? What a great deal at 13 cents. Surprised more investors aren’t piling in. Hopefully no dilution. We are sitting on a huge potential gainer here. Denunzio will deliver.
There was no dilution, that is a control block that is equivalent to exactly the same number of shares from seny. Share structure did not change, and shareholders were given 1 share for each share they held in seny (no change)
"Diluted?" There's no dilution until shares are dumped on the market. Can you show me where that is happening?
Thanks...
Three filings posted yesterday :
10-12G/A 10-12G/A 10-12G/A
AGREEMENT AND PLAN OF MERGER 10-12G/A EX-10.1
BY-LAWS 10-12G/A EX-3.2
Nothing new here.
No dilution from what I see...
Ticker Symbol: FTRK
Preferred Shares Authorized: 200,000,000 of which 1,000,000 are designated as Series A. Series A Preferred Stock has no conversion rights to any other class and every vote of Series A Preferred Stock shall have voting rights equal to 1,000 votes of Common Stock.
Preferred Shares Outstanding: 700,000 Series A
Common Shares Authorized: 500,000,000
Common Shares Outstanding: 359,996,332
(copied and pasted from Moody website (https://www.corporaterevivalservices.com/status-updates)
The 700,000 preferred are listed. the 250M common shares are part of the OS (359,996,332)
Which means that the unrestricted shares (float) is only 109,996,332
Not very large at all...actually quite small. That is what makes this ticker so attractive (other than being a Moody/Denunzio play)
Thanks for the information. Makes me feel good about FTRK.
Ya, we are all waiting to see who the new entity will be. Ur shares will be under a new entity. Denunzio has an excellent track record of producing high quality merger candidates The stock is a roller coaster ride until the new entity is produced. In the end, it should be great for shareholders.
To fishingGreg: I'm just another guy who was holding on to a bunch of SENY stock, and have no deep understanding of what is going on here. But I believe you are basically correct, in that FTRK is just a new name for your old SENY shares. But FTRK no longer has anything to do with Sauer Energy and building wind turbines. I think that's all that other guy SFChris meant. Of course, he was wrong in that your share in FTRK has EVERYTHING to do with all those shares of SENY you bought years ago. Here's the site where you can find status updates for SENY/FTRK in case you don't already have it:
https://www.corporaterevivalservices.com/status-updates
However, note that in the early info about SENY we read, "On or about February 12, 2021, 250,000,000 shares of restricted common stock and 700,000 shares of Series A Preferred Stock were issued to CRS Consulting, LLC..." So it looks like our shares in SENY/FTRK have been significantly diluted by the issuance of these new shares, which went to DeNunzio and his pals. But as long as their "shell game" results in a profit for us, I'm not complaining.
All the selling done? Looks like a great entry point here. Time to load up.
I believe my shares carried over to this shell? Right or wrong!
This is nothing at all to do with the SENY you bought years ago.
Thanks, I was in Seny for many years with a lot of shares but with the reverse stock splits I lost out but now this may work out anyway.
Anything under $1 is a steal, seriously
O.K. What is a good price to buy more shares?
Yes! MM's want our shares. They are driving price down by lowering the bid more and more. They want us to dump all our cheapies!
Don't do it!!!
No fucking thanks.
We might test 10s! Oh please! Oh please!!!!
I personally don’t care. All i know is that i got more cheapies!!!
Thank you!!!
It's a shell awaiting merger. There is nothing by which to logically establish a level of support. Every week it awaits a R/M announcement is another week it is likely going to drift down.
Wouldn't be surprised if it sniffed .10 in the next 2-3 weeks if there is no news.
I sold 3/4 of my position in the 17.5-22 range. I would, however, consider rebuying some in the .10-11 range.
Who is selling FTRK down like this -- been in a downward spiral. Need a support level or base level.
Patience is key. The longer it takes for DM to file, the longer the roller coaster ride will continue. This is a long term investment while the process unfolds.
Can’t buy them all. These stocks go down between filings. DM does not tweet, so know in-between catalyst moves north. We need filing and PR.
Apparently, you didn’t buy enough today.
Keep on coming in. Sell me those shares please.
Impatient peeps selling to chase the play of the day, they’ll be back to oush us higher when they chase :)
What’s with this guy today? Super moody, high volume, downward price action. Other Moody shells not nearly as wild. Did I miss anything???
The float is listed on OTCM at 89,804,405 dated 4-19-2021....typically the float is total OS "outstanding shares " minus the restricted shares....FTRK$$
https://www.otcmarkets.com/stock/FTRK/security
Float? Never mind! Two minutes after I posted my question to you about how to find the "float," I found it myself just by Googling for "FTRK float"--ha ha. I found it here in the data below the chart:
https://www.marketwatch.com/investing/stock/ftrk
The Public Float is currently 76.58 million shares. That's only about 21.2% of all the outstanding shares. I don't know what the typical percentage is, but that does seem low. It says that the big and powerful insiders (like DeNunzio himself?) will make most of the profit if this stock does well, so they'll do everything they can to make sure that it does. So I sure hope they make tons of profit. Then us small investors will do well too.
You said, "Love the low float". I understand that the "float" is the number of tradable common stock shares out of the total number of common stock shares outstanding. And I see the total number of common shares outstanding at this Status page, at the bottom of the section about FTRK:
https://www.corporaterevivalservices.com/status-updates
I.e., there are almost 360 million common shares outstanding. Now, how do I find the number of common shares available for trading, the "float"? Sorry, but I'm a novice at this stuff. I didn't even know what a SPAC was until I came here, and I still don't understand the details.
I missed the the dip to .17; I better go in Monday and buy more shares; we are still down from the high of.225. There may be another short term dip but that is another buying opportunity IMO. The chart is like a roller coaster ride in an an uptrend. When that roller coaster goes flat, may be a good time to buy IMO. In the end, it seems like fundamentals may matter more than the technicals.
Thanks, Any reason why you think CHSO will go before CPSL.
Hear yee,hear yee.
Love the low float. If Denunzio comes out with a Nasdaq driven entity like NXMH, look out for the ride north. This is a high quality reverse merger either way. Increased share holder value is what Denunzio is all about, He won’t have it any other way. And I want be along for the ride. Bring out the beer and popcorn.
New SEC filings posted yesterday :
Form 10-12G
Form 10-12G / Agreement and Plan of Merger
Form 10-12G / By-Laws
agreed. specifically with "it should be okay".
Without giving an opinion on the recent activity or endorsing or not endorsing the recent developments, with its course to benefits the shareholders and nobody has viable disagreeability. and that the company will generate sales and have a living business to show a profit, it should be okay.
Did FINRA have an interesting comments. I have some interesting thoughts.
yep. it'll be a while. people will get bored with this and regret leaving.
Didn't you see the document?custodianship just got vacated!
I'm thinkin that things get real nutty up in here tomorrow.
Absolutely. $BSPI, then $FTRK, then $CHSO, then $CPSL...going to be a nice summer!
Well,it's all guess work.And so I'm guessing that it's different management than BSPI.One things for sure:the vacating of custodianship is a step in the right direction.We all know the track record of Denunzio,Moody.Chances are that this will be a very lucrative deal for shareholders!
Im estimating news in 50 days from today.
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