Knock knock $CNCT…..
Who is devinci and what is discord?
Wonder how many Bagholders Davinci and his Discord Pump Crew Created on this Trash Scam Ticker... He loves the shady Chinese Otc Mergers to front load and dump on his followers but this one was a bust
hard for people to deal with their emotions.
Did you happen to keep any long shares stuffed away?
Holding free shares..already made coin on this but thanks for your concern
they won't file for anything except a huge reverse -
you have some big business in mind, they reverse down to no shares, share price is $5+ bucks and you then issue those and the company coming in leaves maybe 3% of the shares outstanding to the shell.
not my rules, those are market rules. no board of directors will give away some massive percentage to hangers-on without major legal issues.
this is a shell shell shell so there's even less value relative t oa full SEC reporting QB
sorry for your impending loss.
As soon as filings hit we are golden imo. This will move fast
its a WARNING bro -
learn from it or get beheaded like all the other guys chasing these flies
I lost you on IWBB, no clue to the reference
Kudos to your post, standard playbook, you left out #6
5. convert those shares to common shares.
6. sell those common shares to OTC investors
that's how you make money out of thin air!
see the deal we spoke about IWBB it seems we are correct again.....
look - it's simple -
1. buy control through a legal takeout.
2. issue yourself preferred stock so you're a supervising majority.
3. reverse the common shares by 1:2000 or some such number.
new share price is $5 bucks and it doesn't trade at all - maybe 500k shares left in the float and 5 shareholders left.
4. issue preferred shares to your own wholly controlledd entity.
5. convert those shares to common shares.
I searched the 10-K filing and don't see a R/S mentioned. Did the company confirm a R/S or are you speculating that it might happen?
spot on, that's how the Chinese run these shell r/m's
seems to be standard practice in all the one's I've followed, once the r/s, volume dries to nothing and the ticker becomes dead
not saying it will happen here, but no plans to touch this any longer
on to the next pump somewhere
now for the massive reverse split and forward issuance -
they'll now reverse split the company stock and thus wipe out the comm on, and issue $4 dollar shares to NEWCO that they control.
Today will tell a tale, filings would help...
CNCT $$$$ SHOULD CONTINUE THE HUGE MOVE UP..SOMETHING IS UP !!!!...
Figured something was cooking man
$CNCT has IQ access now. Could see filings soon! Beautiful SS
Held at DTC
totally sorry to see this unfold.
their old CEO is obviously creating problems.
she's so evil - looking back on the old filings it just one sh^t show after another and the new guy really had me believing that they'd gotten rid of her but this delay tells a different story.
I've seen it, 8+
there's definitely high risk in Chinese shell plays
the old ceo will use that debt to claim she owns the whole damn thing.
just go to the filings. it's all there.
just pull the old SEC filings.
you'll see it.
on the flip side
the other companies under CEO control are delinquent filers
really hard to figure out some of these Chinese plays
interesting theory, but no so linear
dating back to 2017, there's been 3 CEOs to today
YAN PING SHENG
it's also entirely possible Rhonda came in to clean up the shell because the most recent CEO business line is RM'ing Chinese companies whereas the previous ones were not
The important unknown /imo, what will be dropped in the shell, in the past, they gave part control to a mutl million dollar battery manufacture in China, thereafter, it was retracted for some reason, the only type of debt I would be concerned with is toxic, I do not see any in filings
or nothing is done with the shell, which would seem odd after arranging to clean it up
risk vs. reward :)
Got a link to this debt you keep mentioning? If it does exist, good chance it is worth a lot less at this point, reductions and renegotiation are made all the time...
Reckon we will see
maybe they didn't do enough research?
look - so some AZ based lawyer who has a business of cleaning up shells went and got custody.
some Chinese dude bought the shell and was a granted a buttload of shares which he purchased from the lawyer which gave him control
now the old family who had control previously comes back and has $1mm+ in debt for expenses incurred over the last decade of trying to create something.
the old owners and their debt want their $1mm bucks back.
possible? absolutely possible.
always the script
just disappointed I did not get those 8's
Very possible man, seen it before many times...
typical shake before flings drop
someone traded well grabbing those 0085s
No way they took this shell for nothing...
well, there's 20 trading days to go before a lack of filing makes the subject to removal from quotation systems altogether and then a gray market designation.
When you least expect it @ CNCT...
I hear ya...