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ETEK is R/m winner in 2024,hold on your shares
Emergent has been silent for almost 10 months. Anyone know what's going on with the merger filings?
ETEK stay at 0.0004 for long time, ready to move up from here. R/M news could out soon.
Yup a good sign to move up, if bid size growing and ask size reducing
konshe, The Bid size is larger than the Ask size.
Warming up, ask buyers more than bid sellars, PPS is ready to move up.
Penny2Dime, I’m ready! eom
I mean I’m sure they are trying but the market isn’t at its best. I read an article that next year between April and October companies may start to go public. Honestly we should be ok because they fumbled the bag with the AI company but at least have an idea of what type of company they are looking for to best suit this shell.
Any chance of getting this company going forward with RM by the end of this year...
Any chance of getting this company going forward with RM by the end of this year...
Go back and look at L2 now, it's showing as 3s. Some shady ish going on if you ask me!
They all posted as 2's, L2;
Even on the trades;
https://ih.advfn.com/stock-market/USOTC/eco-tek-pk-ETEK/trades
Cheers
Seen some weird ish, them 3 trades posted as 2s
RE5PECT bruv, that is da truth
ATM123, According to Emergent’s last communication, the next update will be the announcement of a candidate selected/approved.
When are we going to hear anything from the emergent.....News long long due
Hope you got what you needed on that rumor!
konshe, Can you reach Emergent?…eom
Can you reach the emergence LLC company and ask them what' going on? if they say they are going to do R/S again, then ETEK will move up.
This board has changed over a few times now...
Wonder if the bulls will follow ETEK to Expert Market?
Fake pumps, people quoting OTC markets - I think Emergent added that "multiple candidates" part in 2021. See how well they've updated?
3-4 empty filings in a row now...
Most people on here probably weren't around for the "drunken" tweet that sent this down the first major time. Then it stayed 0018-0030 for about 1 year until some insider bailed and sold... then 2 days later the stock tanked. Now here we are. In the OTC cellar, hanging on by a thread.
Emergent does not have a phone, a real website, or Linked In presence. No one knows what Milan does to make money or maintain filings. A lawyer has been attached to ETEK for 1 year now and...nothing. Can't be cheap. Will he demand more stock? Will he dilute and bail?
Roll the dice and find out, I guess. You can only lose money here.
That’s been there for a while but in the filing it doesn’t word it like that but hey who knows at this point Thanks
This is the statement on OTCMKTS. Its been there awhile and thinks it is outdated and needs update.
https://www.otcmarkets.com/stock/ETEK/profile
BUSINESS DESCRIPTION
Eco-Tek Group Inc. is a Wyoming corporation, founded in 2009, that previously specialized in green lubrication and filtration products. The company currently has no operations and is negotiating merger terms with a couple different candidates.
Is this in the filing because I just checked and it didn’t read that way. Can you post? TIA
The company currently has no operations and is negotiating merger terms with a couple different candidates.
I’m sure when they pick a candidate it will be fitting for the shell. Hell whatever humble was before had a lot of OS shares and ran hard before their R/S. So let Emergent do what they are going to do.
Maybe move along and save your cash?
Pumpers and bulls can dream of 500m+ companies all they want, but just ask yourself one question:
Why would ANY company that large and successful want a SS this bad when they will likely be courted by many, much better custodians and tickers?
Forget R/S and the like...they don't really want to deal with that or the MANY note holders.
There are only two real options: 1) a company so LARGE they don't care or 2) - the more likely scenario - a newer company worth maybe 5-10m just trying to make it. Looking to grow over the next 10 years, so they don't really care about the SS right now.
You be the judge. Invest wisely. Which would probably be to move away from here.
P2D, I think the Custodian will leave that decision to the management of the incoming company.
Any sign of RS here?
mj1, So… is the Spanish company still in play, or was just a poor pump attempt?
No use standing in line for months bidding on 3's.
If 4 come out ,i will take it out again.
Added one mm shares at 0.0004, see 0.0008 soon
I will address both messages from Eddo and Wick.
Eddo, your question is a valid one. There are problems with a R/S in 90% of the companies that make such a move. The negative aspect on a R/S is a stigma that carries most companies on the surface as an issue with respect towards equity type financing. Shareholders rarely benefit from a R/S. The process for many of the companies is just a venue to continue the dilutive nature to keep printing shares.
Now it has to be said that in certain cases a R/S elevates the intended company to speed up the desire to move to a higher exchange. This involves the intended company to meet requirements based on numerous factors like rev ,shareholder participation and a stable share price along with other factors.
You asked why doesn't the new entity do the R/S. R/M is a marriage with a reporting Co. (ETEK) with no business model and private company that has a business model who wishes to go public for a number of reasons, but mainly to establish a pipeline for financial instruments to participate in the growth for such company. It would never benefit for the acquired company to be burdened with a R/S left over by the ballooning share structure from the shell. However, if the incoming company has substantial rev. and makes the argument that they would like to move up to a higher exchange by doing a R/S may make sense, but it is a risk.
I would bet that the owner of the shell would be inclined by the acquired company or the potential incoming entity, would and in my opinion do the R/S before the LOI and setup the acquired company a nice clean share structure. This is where I lean towards and most likely will happen.
Mr. Wick
Yes, I know they reduced the A/S and generally is not a factor or is a nonstarter since the A/S is simply the company's vault that these shares can be used for future expansion, providing they aren't maxed out, like they are presently. The shares that needed to be reduced is the O/S. Now, there probably was a reason or maybe several, like notes outstanding and since the company was always trading even when it moved into a dominate shell had to be cleaned out before any R/S. Currently that is all behind now and if the company does have a strong candidate. I expect this subject will come up. It certainly would be to the best interest of the new suitor and shareholders of course by starting a new company on solid footing.
Have a good day
varok
We’re going to need a better rumor… eom
Beautiful day!
At least the Bull's lies are not getting the attention they DON'T deserve.
If you put any Christmas money into this, it will likely disappear before January when another empty filing comes along...or worse.
varok, The custodian, Emergent, reduced the A/S from 7B to 6B about a year ago.
Why wouldn’t Emergent have just done that years ago? Seems like they are leaving that in the hands of whatever company they merge into this. An R/S isn’t the worst thing in the world if they bring in a decent company.
There are only 2 options to take down the O/S. The first one is a R/S, which is the most likely. The second is to buy them back and although it is an option, but extremely unlikely.
The way this shell looks right now with the A/S maxed out makes this shell unattractive for any incoming marriage. This is simply based on the fact that liquidity and any attempt to obtain financing for the new entity coming in is gone. You can't just erase the 5.5B O/S without due cause other than a R/S. Now the entity in charge of this shell could buy back the shares, but what about the numerous shareholders from yesteryear. These past shareholders just can't disappear without compensation. Their shares will follow them into the new entity, but then the new entity is saddled with a maxed out share structure in A/S and the O/S.
There is a 3rd option and that is to request the A/S from the SOS where the new entity will be incorporated to raise the current limit of 6B. This I find hard to except.
I do not own or have ever owned this company.
Have a good day
varok
Don't worry - there won't be a Reverse Split...
Because you have to have an incoming company to have a reverse split. At the rate Emergent moves/competence level of their CEO, I would say we MIGHT see an incoming company sometime in 2030, give or take 5 years.
At that point we will have been sitting in Expert Market for 6 years. Bulls will still be bullish on ETEK, too.
Can you post the link to this discord?
Here you go with the reverse split 😫. Can we get a candidate first !
Here you go with the reverse split 😫
Good Morning
Here is what to expect with ETEK in the coming weeks or turn of the New Year.
This is a shell with No business model. The company has continued to file and is current. This is a good thing, meaning they are in the hunt for a R/M into a viable business entity.
Solid balance sheet no debt or anything of substance to be concerned about. However! The company does have a A/S in the amount of 6B and O/S of 5.5B. This simply means the company is maxed out. My experience in R/M that in most likely scenario the company will do a R/S at the time of the incoming of a LOI or right after the R/M, but from my perch will be before the actual announcement. This is generally the course of action so as to remove any baggage and start a positive new company going forward.
This is to insure a clean slate and setup a new equity distribution package of warrants and preferred stock.
They will probably keep the A/S the same and R/S the O/S 20/25:1 with amount of 250M-300M in post-split then announce share structure with respect to preferred warrants etc.; with new office holders/directors. The latter will come after LOI.
Have a good day
varok
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