Eastern Asteria Inc (EATR)

[Grumpy58]

Someone's been accumulating 5s high volume day today

[Lime Time]

Looks good EATR

[jelaco]

Yowza! 35m shares so far today (52 week high volume)...look like run starting.

[fink]

Rehab stock shell.
Maybe chick fil-a will use it to become a public company. LOL

No one knows..you buy and roll the dice something huge comes in. Sell enough shares to get your seed money out in the change of control PR.
Then decide if you want all out or hold your free stack long.

[fink]

Rehab stock shell.
Maybe chick fil-a will use it to be one a public company. LOL

No one knows..you buy and roll the dice something huge comes in.

[BurgerKing82]

Looks intriguing here ..Any info on them, Industry?

[fink]

With a 4.7 O/S that's nothing. Especially for where this shell is today.

[Grumpy58]

Feb 3rd 34 million shares traded whats up with that?

[fink]

I'm not sure where I am in the .0002 Que, but that looks impossible with this volume. No way will I give up my space in line. Dead money. LOL

.0002s are a pipe dream to be getting in behind that 14m. And no volume

.0003 is your only hope for shares.
Maybe if the RDAR crowd came over?

[Lime Time]

Some vol today. .0002 looks like a great entry

[jelaco]

I'm right there with you at 0.0002. Ben's shells have been picking up lately.

[fink]

I'll get a starter. A few $100 this low could pay off big. This low, throw a R/S at me too. I don't care. A R/S says they have a buyer on the hook.

I don't like half the A/S out there. Not even 1/3 in the O/S, but that's just me.
Reset the entire shell is my theory, but that's extra cost and unnecessary through this period.

I wouldn't be going after 10-20m at this price.
But definitely 5-7m is a strong hold with not so much risk.

And if legacy holders have not averaged down, that's mistake 2 after holding



I'm not sure who has the 80m, I'm going to guess that's Synergy's pay off down the road.
$830k Market cap is cool. .0001 it could be $270k LOL

Now that is a sweet MC going forward.

This so Casino type fun

[anthazar]

accumulation

[fink]

The key here is the Market cap. And figure the market cap using the free tradable float numbers only.
Massive restricted shares are usually the control block that never gets sold into the public. They sell those, they lose control.
Old debt should have been delt with bringing the shell back alive.

E-trade says this in a $1.4m MC off 4.7B shares. That's not accurate.
If the MC is below $1m, it's a good chance to see a change in control.

Ben canceled 2B shares so that give a close MC between $750-800k
That ain't bad.

I'll take a scoop of .0002

[fink]

I got a BID for 2m at .0002
I'll take a starter

I need to get back into the shells.
AI&KO is snother but no shares and the spread is OMG! It will get a change in control with quality.

[Leftovers1]

Fascinating. I can tell there is a wave of info I need to process here and you’ve been around this for a while. Really appreciate the insights.

My shares are at E*Trade. They still show there. I can print out statement and will. I dread trying to sell them since I would want attempt to get it done rather than in tiny bits. Probably not how these shell work when they jump. In general and When possible with some volume I prefer to sell as “not held” to avoid notifying the market. But Rather doubt E*Trade would do that for me - I assume I would be the trader hahahaha so punching my laptop is my likely reaction as well.

I won’t get into how much I have but lets say if the right thing happened it would be nice. Been kept like a dusty bottle of wine - dont know if its any good til you open it and wont open it unless there is a real party. So… sitting is what I’ve done and what I will continue to do. A big jump in these would be a real delight. Will keep expectations low and perhaps a pleasant surprise awaits.

[fink]

A R/M into a clean shell can be done instantly. Buy the control block from who ever holds that.

A new IPO takes forever and will cost you millions. Your company will be probed and it has to meet certain requirements. They rape those guys. Like if Chick Fil-a went public, their IPO would take a year to do the audits and cost over $5m.

They could buy EATR and go public if they bought the control block today.
Synergy owns the series A & B prefers shares. That's the control block. He cancelled 2B restricted shares and returned them back into company treasury.
I just put in a 1m share buy @ .0002
It trades today.

Who will buy the control? Like fishing. It can sit on the shelf for years or Ben is signing the paperwork as I type.
I hate these large float shells. I'd have done a 1000:1 R/S the moment I could.

[fink]

Who do you trade with? I hope it's not Scottrade? Lol

They are there if you ever get a statement.
I get quarterly statements from an old TDA brokerage account that I severed my relationships with. I still have old stock that could not be transferred out,
They still have to mail me a statement,
Never get rid of them.
You still have em. I have spin off prefers shares that have never been created. Those just sit.

I made the mistake over 20 years ago telling my Scottrade broker to make a few dead ones go away.
I found out later that they are worth 100% what you put in them as a write off if you donate them.

I had one with TDA, AFFL. Dead shell. It jumps 1,500% one day and doesn't stop till it gained some 10,000%.
I punched a hole in my lap too trying to sell out.

I'd hang onto these.
Well, you sort of have too.
At least synergy hasn't given up on it like he did with RIBS. Now that is the stupidest ticker to date. Ben still has his.

And with Trump coming in with new confidence, empty shells should become great again.

[Leftovers1]

One more question. My shares are not restricted thought they are quite old - over 15 years. I have sat on them as a reminder of certain speculations that were supposed to teach me a lesson! Is there any way to confirm they are “valid” shares?

[Leftovers1]

Super helpful. Thank Fink. Couple follow ups -

I am sure its a lottery on whether a real money maker takes up a certain shell but what is a common time line for a shell to be picked up? I guess some there must be crazy home runs and that’s the fun but aren’t most a flash in the pan at best?

Also What is the primary advantage of a shell vs pursing ones own listing from scratch? Is it really faster and or cheaper?

[fink]

Not a problem
Ben is the CEO of Synergy.
He's the one funding these old dead shells and rehabbing them. Clean them up, pay all the back fees, get filings up to date, and sell them to some money maker company that wants to go public and acces the funding going public can provide.

It shows in the OTCM fern site, Ben canceled 2B shares of the 4B that were issued years ago.,

https://www.otcmarkets.com/stock/EATR/disclosure

https://www.otcmarkets.com/otcapi/company/financial-report/419907/content
It's the annual report publishes 1/26/26
It shows 2B share reduction from a year ago.
There are a few ways to reduce the O/S
A R/S is an easy way that everyone hates.
Ben probably canceled old restricted share from the past control directors or CEO.
Of they petition . A judge

[Leftovers1]

Fink, I may annoy with some simple q’s but no other way to learn if you don’t mind. What do you mean by “Ben canceled half the O/S and the implications of that? And who is Ben?

I have an old position in EATR I simply sat on and am using that position to learn about this space. Any more color you can add to how this shell could game out int this case would be very interesting for me if you can spare the time. Thanks in advance.

[fink]

Trump won so I'm back looking at shells and BTC.


I see Ben canceled half the O/S so it's a 50/50 in the gas tank.
2B is a rough Flost, but the price is right for a starter an average down till he finds a buyer,

A R/S will not happen under Synergy. It's not their MO. If this was Lazar. It would have gotten a 1000+:1 the first day he could. So a R/S is unable to say till control is sold.

Ben holds all the P-shares, so that cool.
He will want the best potential to have potential to come in here.,

Great time to be getting back in these.
Check out Belensarian Shell Krew. I got a hot one from them going into Oil&gas. And I mean OMG!
https://investorshub.advfn.com/Belisarian-Holdings-42361

Az&Rh
Check out Ai&Ko impossible to score shares on the BID for a good starter. 27k float. LOL
Spread is massive as expected.

Biden gutted the shell sector. Figures coming from DE. The land of the IPOs.

[JMoneyHoops]

AL out: 

$EATR Attorney Letter pic.twitter.com/wNhfmvZ73J

— JMoney💸 (@jmoney_hoops) January 12, 2025

[Lime Time]

.0006s up 🚀

[Lime Time]

That was a quick EM to Pink 🚀

[koolmc]

agreed

[JMoneyHoops]

Yep hopefully they give a tweet about it but might not until it's fully Pink Current 

[koolmc]

not much volume here so far, understandable since this is the lesser known one to go from em to pink. Now time for synergy to look for who wants the shell then it will really go.

[JMoneyHoops]

Pink Limited: 

$EATR Pink Limited pic.twitter.com/277jiOVLHg

— JMoney💸 (@jmoney_hoops) January 7, 2025

[JMoneyHoops]

Amazing should see PC near EOW hopefully 

[Lime Time]

Got the Annuals today EATR

[JMoneyHoops]

Shell badge added:

$EATR Shell badge added pic.twitter.com/XxpnPbXyIy

— JMoney💸 (@jmoney_hoops) December 20, 2024

[JMoneyHoops]

Verified profile!

$EATR Verified Profile✅ pic.twitter.com/YzLXmrcVRA

— JMoney💸 (@jmoney_hoops) December 18, 2024

[Leftovers1]

Can a few folks describe the dynamics that you have seen kick in when a shell goes OTC? Is this more often a “flash trade” - here and gone or a more protracted process of gauging the substance of the new entity?

Also What are common price points for starters on these things or is it all over the board? Do we know from Synergy what the new entity does?

Any comments on this from those who have played in this re-purposed shell space would be very interesting. Would appreciate some color commentary on past experiences.

[JMoneyHoops]

$EATR Synergy Management info being added to the OTCM Page pic.twitter.com/xrw2KGzgIs

— JMoney💸 (@jmoney_hoops) December 5, 2024

[JMoneyHoops]

I think it will next step is Synergy to submit filings on OTCM for Pink Current

[Leftovers1]

Thanks JM. New subject for me. Perhaps my patience will pay off. Who knows.

[JMoneyHoops]

Hello I can’t respond to PM but yes your shares should be fine as they’re cancelling the restricted shares from old management

[Leftovers1]

Can someone here explain the share cancelation? I have shares of EATR and am a bit concerned. Got no mail or notice at all.

[JMoneyHoops]

Agree

[koolmc]

need one of them to go from em to pink to get the em plays kickstarted again so far it's zzzz

[JMoneyHoops]

Yeah volume seems like it won’t come in until filings are posted

[koolmc]

good news means they are most likely gonna get custodianship then, surprised not much volume, but that is the case for all em stocks lately.

[JMoneyHoops]

$EATR 🚫✅ https://t.co/fBkBSj9uRL

— JMoney💸 (@jmoney_hoops) November 15, 2024

[JMoneyHoops]

$EATR Share Cancellation Approved https://t.co/za1iZCS87Y

— JMoney💸 (@jmoney_hoops) November 8, 2024

[JMoneyHoops]

$EATR Extension Granted to clean up the Shell along with share cancellation hearing next week https://t.co/E0RGrmQ9TC

— JMoney💸 (@jmoney_hoops) November 1, 2024

[Papes]

Nice! $EATR

[JMoneyHoops]

3’s getting hit

[Leftovers1]

Any thoughts about these new signs of life?