Nice find! Thanks for sharing.
NAME & SYMBOL CHANGE EFFECTIVE 10/9/14
10/08/2014 12:52:59|S1|CNLK|SUPID|Cannalink, Inc. New Common Stock|Cannalink, Inc. New Common Stock|10/09/2014|**|||u|Y|100|Y
It's a good question actually. I have another stock with a RS months ago and it still has the "D" as well. After many months. Weird.
Anyone following SUPID? Any idea why the D is still on? It is usually removed after 10 days.
when will the D come off, next few weeks?
Superwire, Inc. Announces Name Change To Cannalink, Inc. And Effects 1 For 50 Reverse Split, Plans To Develop CBD-Based Product And Provide Services To Emerging Companies In The Medical Marijuana And Industrial Hemp Sector
SAN DIEGO, Sept. 15, 2014 /PRNewswire via COMTEX/ -- Cannalink, Inc. (OTC Pink Sheets: SUPID) (the "Company"), formerly Superwire, Inc., announces that it has effected a change of name of the Company from Superwire, Inc. to Cannalink, Inc. and a 1 for 50 reverse split. The two corporate actions were approved by FINRA effective September 10, 2014.
The Company maintains its headquarters in San Diego, California and is managed by its new Chairman and Chief Executive Officer, Robert L. Plomgren. Commenting on the name change and reverse split Mr. Plomgren stated, "The change of name to Cannalink, Inc. reflects the Company's intention to enter the cannabis arena in two significant ways. First, the Company plans to develop and manufacture a cannabidiol (CBD)-based product for initial distribution to healthcare practitioners. In furtherance of this strategy, the Company completed the acquisition of the MigraSpray product line and assets for $300,000. MigraSpray is a sublingually administered formula for the effective treatment and prevention of migraine headaches, which is distributed through approximately 5,000 healthcare practitioners. The Company plans to use the MigraSpray technology to develop its CBD-based product and to initially market the product through MigraSpray's practitioner distribution platform. Secondly, the Company intends to offer investment banking, merchant banking and business consulting services to emerging companies in the medical marijuana and industrial hemp sector. The reverse split was necessary to position the Company to accomplish an effective recapitalization. In addition, within the next 30-days the Company intends to provide to OTC Markets the necessary disclosures and financial filings to have its Stop Sign removed. Further details of the aforementioned actions and business development plans will be more fully discussed in such filings."
I have schwab and also not available to trade yet. past experience for me has been anywhere from 1 to 2 weeks for the process to work itself out.
I held SUPI shares before the reverse. Etrade has not yet made them available to trade. Is anyone else having this problem? Any idea when shares will start appearing in accounts?
Lookin' good. I'm expecting some major news soon. could really blast off from here.
Bro, it's 100% confirmed, nevada SOS name change, now CANNALINK. MJNA director is the new ceo.
Scottrade not allowing trades on this?
That's good to hear!
Maybe...watch for name change on daily list soon, hopefully no R/S comes with it.
Awesome. It was like they where reading the ihub message board lol
Name change occurred a couple days ago, annual list with officer change just occurred today as in my posting.
Nice! Did they just do that today? Or was I looking at a old page? Thanks Mark.
Here is your Annual list and officer change...
Needs renewed 8/31/2014. If they renew it I am jumping in this bad boy :)
Yeah still waiting for the details on the split if anything comes.
The only known is the name change, merger is likely given the name, however we do not know anything about the split yet.
Very interesting. So we can safely assume a merger is coming in here and they will do a small RS together with the merger. Looking good.
Name change on NV SOS, might work out well here...hope it does not come with the split.
SUPERWIRE, INC. to CANNALINK, INC.
TraderF and SilverIs - couple of excellent posts there. Thanks.
I'm holding and adding if it gets close to .01. People are overreacting, sometimes amendments are listed as stock splits. If it is a split it could possibly be a forward split which would be just fine. If it is a reverse split then there is a couple things to think about. 1- There is no dilution. The entire reason a reverse split is bad is the expectation of continued dilution and their ability to reset the price to do it all over again. There is no dilution here in the first place, none. The recent O/S change resulted in nothing being sold into the market so I am fairly sure that was an agreement taking place for a merger or something positive of that sort. 2- There is always the possibility of the shell being used for a really legit company, in that case, they may not want to be at 01 or 03. We could see a 1:10 split, also not bad, especially if we luck out and get a really nice company merging.
.01 is a $300k valuation, I will buy that all day long.
No one wants to sell below .0290/03 and neither am I.
Does the ratio ever show explicitly at all on Nevada filings?
I think they only list AS numbers as that's all that matters in there.
Guess it's just one of the "nicer" splits where they keep A/S but reverse retail to nothing.
Sure it makes no sense but everyone has its own sense. GL
I'm just saying you can't decide anything before you have all details. If this would be a heavy trading 3 billion O/S stock than everything would be clear but in a thin stock like this?
And then usually on the Nevada record it is shown what kind of split and the new numbers which is not here. FS is possible as well. Who knows. We will see soon.
I already checked the daily list earlier today when I saw your link. As you said, if there will be anything coming up, we will know it at least one day in advance before it will go into effect.
So we wait. Remember, Silver told us a few weeks ago that the O/S is 34 million here according to the TA.
Didn't say Reverse Split, could be a Forward Split but most every time I have seen stock split on the SOS, it comes out on the daily list a few days later. Outside chance it could be a FS but my experience tells me to move on & move my $$$ elsewhere (sucks because I have been here for over a year & thought this had a dime+ in it's future). Seems like you have experienced something different, hope it works out well for you and the rest that decide to ride this out.
Why should a stock that is so thin as SUPI is, do a RS? I will wait for more clues. The Nevada stuff tells us nothing in terms of details.
Just recently I had a stock who did that Nevada filing and it said "stock split" and all it was is an amendment to their share class and they filled it out under the term stock split.
I'm just saying I will wait for details. Is that you who sold the 100k shares at the end of the day?
It will probably be on the daily list in the next few days IMO....beware.
Yeah there is no change in any if the numbers.
Weird filing. It's saying stock split but numbers stay the same or what