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— Tonner-One World Holdings, Inc. (AI) (@TonnerOWInc) September 18, 2024
After what seems like an eternity, this is now finally Pink Current Information again today..
Can't find anything on this company they just signed an LOI with, 'BOT Makers AI, Inc' ....I found a Botmakers LLC, I don't think that's the same co though. I looked at all the typical incorporation States, CO, FL, DE, WY and NV and don't see any business with that name, so I have no clue.
Whatever the case, for whoever the potential new owners are, as a long term shareholder, I'd hope for....
A) Keep the share structure good. If you bought out the insiders you would own around 90% of the shares, so you could get by with a small issuance, no need to run the share structure up super high. A very high o/s with a extremely low float is never a good idea.
B) File a 10-12G, re-register with the SEC and discontinue OTC Markets alternative reporting system, I understand why they filed a Form 15 here, they needed to save $$$'s, however, you need to be an SEC filer to have a chance in this current OTC Market, Pink Sheets are getting little to no volume, nor are they even remotely taken seriously as companies.
According to the latest filing, it looks like they may have found a reverse merger finally, though I'm not sure who 'BOT Makers AI, Inc' is as of yet.
Verified Profile and the most recent Q filed(ending 07/31/2023), so should just need an attorney letter I believe to be back Pink Current Info.
If I recall correctly, this would be the only ticker I owned that went to Expert and actually came back, since the amendments to Rule 15c2-11 went into effect.
They would still need a 211 review, to become PQE and get rid of the unsolicited quotes, that could be done by uplisting to the QB, however, we would need to merge with, or acquire someone with some cash to do so...unless they can raise some money here somehow. I think that would be difficult though, as any lender would not be able to get shares deposited in a CD type scenario, due to the unsolicited quotes.
Powers that be make it very difficult for small companies to do anything in this shitty market these days.
Also, FWIW noticed the gold 'Q' is gone in the company logo and now we have a hydrogen/green energy type logo.
FUUN just filed 31 Pink Sheets filings in 1 Month to get Pink Current Info....we have had 3 filings in 8 months....come on Tom lets Git-er-done! It appears brokers are not going to allow any trading on this until its current, presumably due to being both Limited Info and unsolicited quotes.
Still can't put a bid in here with my broker, so will likely need to go Pink Current first before they allow trades.
Finally..!! Got off the Expert Market today and back to Pink(Limited info). Likely still wont trade much, as there are so few shares held at DTC but still nice to see quotes again.
Been a very, very slow process but the Annual Report was just filed a couple days ago, so one step closer to getting off the Expert Market.
https://www.otcmarkets.com/otcapi/company/financial-report/377287/content
NVSOS Annual List of Officers and Directors filed today.
Just verified their profile at OTCM, though I don't see anything newly added. Lets get the rest of those filings out now and get current again...!!
BTW there is no 'SUBSEQUENT EVENTS NOTE 8' in this latest OTC Markets disclosure Quarterly filing.
Once they have completed all the disclosure they are required to file, then it should be pretty soon afterwards.
Its possible they need an Annual Report, even though the 10K was filed not that long ago, as well as an Attorney Letter as their financials are unaudited.
Whatever this new LOI is, there was no PR, like the Progressus LOI had, so no telling who the company is or if it will close, hopefully its something good.
When do we expect able to buy shares
Another Q just filed, sounds like they have a new LOI, another hydrogen company, unless they are still trying to acquire Progressus...??
50.05% of Progressus was recently acquired by AmmPower (OTCQB:AMMPF) so not sure....maybe they are trying to get the other 49.95%. Hopefully not, who wants AABVF or MOTNF holding a ton of shares, plus its pretty clear the market did not seem to care all that much about Progressus, yes volume is perhaps up a little bit since the acquisition but the pps has not done anything special.
To get off the Expert Market and back to normal quotations.
They were an SEC filer for several years, they filed a Form 15 to deregister, which suspends a company's duty to file reports with the SEC. Its possible they may have done this to save $$$'s and instead file OTC Markets disclosure which is cheaper. If that's the case, while not ideal, I can appreciate it, its better that having to raise money through convertible debt, just to pay for the SEC filings I suppose.
Any time your on the Grey or Expert Market, your at risk of having your symbol randomly deleted by FINRA for being an 'inactive security', especially in a case like this, where the ticker barely ever trades.
Why they trying to get current?
Profile Verified at OTC Markets yesterday, so not too much left for them to get current, not sure if they just need the final Q or an Annual Report and Attorney Letter but we could be back Pink Current Info next week with any luck.
Almost have to wonder if there is a material event or some significant change in the next quarterly filing that's taking more time, otherwise seems like they would have just filed both at the same time.
Yes, definitely alive...!! We still need at least 1 Quarterly filing, maybe an Attorney Letter..... and I believe they still need to verify their profile at OTC Markets as well, then we should be back to Pink Current Info.....and off this POS Expert Market.
So this company very much alive?
Just started filing OTC Markets disclosure, should get us off the Expert Market and back to Pink here shortly..!!
https://www.otcmarkets.com/otcapi/company/financial-report/359860/content
Me too, I've been following since 2014 and have been accumulating shares for about a year now. I had high hopes for this because of the great share structure and how the number of shares held at DTC has stayed so incredibly low during that time.
I have no idea what's going on.... if anything.... but some buys today on Expert seems like a good sign........hopefully.
Man I hope option #2
I have absolutely no clue, right now it's Expert Market, so it can only be traded by 'sophisticated investors', no mainstream brokers will allow you to buy it.
They recently filed a Form 15 to deregister its shares and terminate their SEC filing requirements( ie 'go dark') usually an indication they are either giving up completely or will be filing disclosure through OTC Markets instead.
Once in a while you see a Form 15 filed when a public company is acquired in a reverse merger and the acquired company survives as a wholly-owned subsidiary of the acquiror.
Couple hits @ $1.94, highest price since Jan 2021 I believe...and on Expert no less??....hopefully an indication something happening behind the scenes.
Interesting, getting a few buys today on the Expert Market @ .51. I do occasionally recall Form 15's getting filed in advance of an ownership change/merger, not entirely sure why that happened but now I wonder if that's perhaps the case here....hmm.....or maybe just wishful thinking....who knows.
If they are giving up on this, why not sell it to someone like David Lazar(Activist Investing LLC) for a low price, so at least the few shareholders in it have a chance at an exit someday, I'm sure he would not have a problem finding a merger candidate with this share structure.
Yikes, Form 15-12G just filed, can only hope they are going to continue to file disclosure through OTC Markets or looks like I could be SOL here.
Per the last TA update the amount of shares held @ DTC has decreased from 93K to just 43K.
So it appears 50K shares were withdrawn from DTC and back in cert form, you very rarely ever see that, the number of shares held at DTC is typically always increasing in penny stocks.....as more shares get deposited that can be dumped into the market at any time.
https://www.otcmarkets.com/stock/BQST/security
This is likely going to be a long term hold as well, as now they need to go a different route and find something new.
As I mentioned before I didn't think was a great deal for BQST shareholders, so I'm not sure what the Progressus shareholders were complaining about, they would have held like 90% of the o/s.
Progressus is a startup, who will likely not see any revenue for ages if ever, as hydrogen home's may never catch on, especially now that multiple studies have show that heating homes with hydrogen is not really viable.
Hopefully they can find something new for this sometime next year, until then I will continue to accumulate when I can.
I appreciate your reply. The names of Andretti and Steinbrenner underwriting hydrogen fueling stations, along with 49% intellectual rights to Progressus' AES-100 hydrogen technology drew me in, thinking it will be a worthy long term speculative play. Coincidentally, MOTNF's earlier ventures have been in cannabis.
Progressus technology is pretty cool, as it would allow hydrogen to travel through existing natural gas lines to peoples homes....where it would then get separated at the home from the natural gas..... thus making hydrogen more accessible for folks to use.
However, I thought 90M shares issuance was way too extreme...... especially with a couple of dirt cheap penny stocks owning the bulk of the shares. When these companies are done diluting their own shareholders into oblivion, the next thing would have been to start dumping their shares of BQST.
So as a BQST shareholder, longer term I just didn't like it, .....and it would never have been appealing to others @ $1.00+, when folks saw the majority shareholders were cheap penny stocks...it just didn't look good IMO.
I think they can find a better merger/acquisition, this is a very solid shell, though not technically classified as a 'shell' per se.......an SEC filer, with a high insider ownership % and tiny amount shares held @ DTC. If someone wanted to merge in, become penny stock exempt and prepare for uplisting, it would be pretty easy to do with this share structure, they could also potentially buy out the bulk of the float as well, as the share are still in cert form. So to me this is one of the better OTC merger vehicles out there.
Thanks for that news update, as I have interest in Progressus Clean Technologies, but haven't received an update yet.
Thanks for that news update, as I have interest in Progressus Clean Technologies, but haven't received an update yet.
LOI with Progressus withdrawn, I had a feeling that was going to happen, no biggie, that was way too many shares to issue anyway for a startup IMO.
https://www.userwalls.news/n/withdrawal-progressus-bioquest-corp-loi-3853703/
I see they just verified their profile @ OTC Markets, I believe the Business Description was changed, that use to have the Progressus information there....and that's been removed and now reads:
The Q just out needs to be amended as there is a typo in the outstanding share count, shows 11,485,320,230 when it should read 11,485,230.......quite a big difference....lol.
https://www.otcmarkets.com/filing/html?id=16075749&guid=AN--kaUP5EwyvOh
10K out, finally got the number of shares being issued in the merger. Should make the final share structure about 101M o/s 1.4M float.
Latest update on the merger, sounds like its still going forward.
https://www.otcmarkets.com/stock/MOTNF/news/story?e&id=2279747
Up 1,800.00% today, 2nd highest advancer on the OTC Market. Such a strange trading ticker, either gets a nice ASK slap above .75......today $1200 trade @ .95.....or a bidwhack for peanuts, no in between.
Up 1263% today.....spread is so ridiculously wide any ASK slap or bidwhack sends it up or down huge.....lol
Don't know but I would not be surprised, a lot may depend on how many shares will be issued to MOTNF and AABVF, which accounts for about 90% of the merging company. Ideally I'd like to see them keep it under 50M total but who knows.
The tech looks very interesting to me, massive potential and Pinakin Patel is one of the worlds foremost experts in hydrogen and fuel cell technologies and has received over $500 million dollars in R&D funding for the development of projects worldwide.
Also, considering there are only 93K shares held @ DTC, pps could really blow up post merger IMO.....whether or not that happens, only time will tell as the low share prices of MOTNF and AABVF could possible hurt this to some degree.
https://www.linkedin.com/in/pinakin-patel-1042684/