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Any thoughts on following report:
https://www.marketscreener.com/MANNEKING-INC-11798500/company/
I did a google search and located aforementioned findings. Could our gem be another development company? Appreciate any feedback! GLTA
Bid was at .65 when I posted. Looks like interest coming this way. I agree about anticipation of what is coming into this gem. GLTA
Still can drive a truck through the B/A.
.40 / .88
But at least you're seeing trades of a thousand instead of in the hundreds.
Be interesting to find out what "Manneking Inc" is.
Nice volume today! Also, bid moving up! GLTA
I wonder at what price an investor partaking in the offering and putting up $10K would pay? I wonder if someone could call Koh and get a prospectus?
(415)841-3570
PPS moves so easily here! Back to $1. Wow!
Thanks for info!
New company has 20 business days to stay in current ticker
The 20 days you're referring to is just how long the "D" will stay attached to the current ticker. It just denoted that a split has occurred. The ticker may or may not change immediately on the 21st day. That just depends on the time it takes to process the symbol change with Finra.
Good idea! Amount very low now after split. New company has 20 business days to stay in current ticker. We may not hear much from company until first week in December when MNKG becomes official ticker name. Maybe, an 8k or PR to give shareholders idea of company assets and business model. GLTA
$2,000,000 506 offering filed.
https://www.otcmarkets.com/filing/html?id=13748349&guid=1SnSUHutqUQkhyh
The new O/S has been put up at OTC Markets.
As of 11/15/2019 …..
O/S 1,660,000
You should update the iBox. I expect the O/S to increase dramatically in the coming weeks as the new owner issues shares and it will be good to keep track of the dilution to come.
On a normal basis, companies go public to raise funds to grow company so it would be in their best interest to have the pps as high as possible so that they would get the highest proceeds when they sell equity shares in the market..obviously, here we are dealing with a pinky so anything is possible as you say..
Well, no, they merged into a public shell to sell shares in order to fund their operations. In theory, at least. Most of the time, it's to line their pockets.
I would think it would be in their best interest to let shareholders know what the company is all about..isn't that why they rm into a public shell?
That's what you can expect, though, when the shares haven't transferred over and normal trading comes back to the ticker. By the end of next week, you may see where the sp settles out. Of course, the new owners may not be so quick to let shareholders know what the company is about.
I know I am still waiting on blueprint of this new company. Maybe, his bio below can give us a clue:
President, Chief Executive Officer, Chief Financial Officer, Secretary and Chairman of the Business Board of Directors
Address:
Compensation: None
Ownership: 300,000 Series A Preferred
Biography – James Koh has extensive experience in the wireless telecommunications industry having worked for the past 16 years in R&D, manufacturing, as CEO and Chairman engaged in developing cellular phones for AT&T, T-Mobile, Telcel (Mexico), and Fido (Canada). From his role as CEO of Tiger Stand Corp from 2005 to 2017, he was engaged in sales, marketing, and operations management. He is also the CEO of BlueOne Card, Inc., a leading company within the growing prepaid card industry engaged in cross-border payment processing technology. Mr. Koh has been a private pilot and FAA licensed since 1990.
Mr Timing, What are your thoughts about next steps?
Watch it going forward my friend! I expect more buys than sells. Most sold when R/S announced.
Huge swing from $1.05 to .35..
I expect volume to pickup now that most brokers have updated shares with new ticker. GLTA!
Not concerned at these levels. PPS can move quickly. Just waiting on business model to play out. The low float will be great if company reports profitable assets. The requirement is to stay in at TBSSD for 20 days. I hope company provides some type of PR or updated filings. GLTA
It's not over $1 anymore according to the last trade. These are all the trades showing since the R/S. The last one, 1880, must have gotten reported after the close on Friday.
11/15 0.35 1880
11/15 1.05 300
11/13 1.00 500
11/13 0.75 200
11/12 0.75 100
Yes! Both my accounts updated with new R/S shares. Love that price is over a $1! GLTA
Did rs go through? Pps price now?
Looks like my call worked for TD Ameritrade! Just waiting on E*TRADE. GLTA
I contacted General Council for TBSS as my shares still sitting in original ticker. Response is movement of shares to TBSSD should be completed any day. He indicated if not done shortly I can call back.
Thanks for the clarification...
Here’s link to OTC news and disclaimers. Select inactive and you will see the error in document from 11/5.
https://www.otcmarkets.com/stock/TBSSD/disclosure
Company had 1000 to 1 shares listed on filing last week. They corrected the disclaimer to 100 to 1.
Not understanding it..you mean RS is no longer effective?
It appears amendment has been corrected on 11/11. The R/S designation was incorrect on last weeks filing. Hopefully my shares move from both my accounts now. I have listed updated filing below:
https://backend.otcmarkets.com/otcapi/company/financial-report/233914/content
Contacted my broker today as shares still pending movement to $TBSSD! Representative indicated still in process and should be completed early this week. GLTA
Thanks..it works when you search it..
I've always used the "Search iHub" box in the right hand corner. Otherwise, the stocks I follow are all in "My Favorites".
Anyway, yeah, it'll probably be next week before you finally see trades going through and a tighter bid/ask than you have now.
Yes, when you put tbss, it come up but no message board and price still at .0058..weird.
Agreed! Any updates move PPS. GLTA!
It takes awhile for the brokers to exchange the shares after a split. Eventually, they'll all get there.
I've never in all the years I've been on iHub, used that! LOL Put "TBSS" in though and it comes up.
You can get the same page by clicking on "Detailed Quote" where it shows the day's trade info.
iHub just hasn't added the "D" that's been affixed to the ticker at that link.
I have both TD and Etrade accounts. Both holding $TBSS. Both accounts still not processed moving my shares. So, I am holding patiently. The process is stay in this ticker for 20 days until move into new name. I’m excited on the possibilities. GLTA
On ihub in the get quote box
When you put it where?
Why when you put ticker TBSSD, it says no result? Why. no trades ?
Also, Richard Chiang getting busy with his tickers. He updated XHU* today in OTCM with updated profile. Let’s get ready to rock! GLTA
I’m confident company will have some assets IMO. They filed numerous attorney letters, pink current, name and ticker change and R/S. This costs money so more than an empty shell IMO. GLTA
So, the new ticker will be MNKG.
I wonder what the company does? If it does anything, that is.
Looks like bids starting to come in ticker! My accounts still have not completed share update to new ticker. Hopefully TD and E-Trade complete by Thursday. GLTA
So PPS will probably open in the high .50’s or low .60’s IMO. Hopefully updates come out from new owner soon. PPS could jump easily with new float. GLTA
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