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One of the few that gets volume.
I think the final OS will land around 27.7 mil shares. If you look at his tweet, 4 bil was canceled which left 20 mil still restricted. I think that is the remaining 17 mil to be canceled. So should leave a little over 27 mil OS. Ben has also said they will do a massive AS reduction soon as well. Probably down to 300 mil AS.
Makes the MC still crazy low at 500,000.
Awesome news. Could be a jewel in the short making.
O/S gets reduced to 10m with a 100B A/S? Holy balls. Print money with this one.
$200k Market cap !!!!
$ECPL good news, the TA processed the cancellation of 4bil shares. There are another aprox. 17mil that should be cancelled in the coming weeks. pic.twitter.com/Hlao26dMz6
— Synergy Management (@synergymgtgroup) March 21, 2023
Fink, good article. Below is the key. The 18 month issue is a non event if they keep the shell current. Its just all quotes are unsolicited so MM can play games easier. It still will trade just as it is now.
What will Happen to a Shell Company That Has Remained a Shell for 18 Months?
A company that is and remains a shell company for 18 months will lose Rule 15c2-11 piggyback eligibility. A shell company will not lose the unsolicited quotation exception. If the company also does not have current information as required under Rule 15c2-11, it will be moved to the expert market (“Expert Market”) on OTC Markets. I’ve included a refresher on the current information requirements at the end of this blog as well as additional information on the Expert Market.
Yes . As long as he keeps it current , nothing to worry about. He has as much time as he needs.
Isn’t Ben going to do something with this??
https://securities-law-blog.com/2023/02/28/the-211-rules-and-shell-companies/
When did this become an official shell? It has 18 months from that point.
Or do the turds call all rehab tickets a shell from Sep 28, 2021?
They’ve been wanting to plow the OTC for over 50+ years. They hate the competitons and Wall Street wants our cash in the big boards where they have more control.
I should have followed my own advice
Did you ever get an answer to this?
Thanks
Indeed but I just said we really have no choice. We just have to find the ones that are gonna be good companies… hopefully Ben will create a few
I would bid sit on this spread while we wait for the official SS change. This will take some time . First SS change to the OS, then the AS(probably be reduces to 300 mil) then he will RM. As you know its a process.
The new oTC rules killed most of us shell players. We should have been able to buy while it was getting current.
I would have had a good $5k at the rock bottom 6mo the ago when synergy first updated on this.
It’s now up to the New Co to bring in value. Most of us would have sold on the change of control news.,
Investing in real companies has too much risk. LOL
I should’ve waited to buy I’m in at 37… Seems to be no interest here at the moment
This was an empty shell. The old story is dead.
R/M play.
Synergy R/M too.
Ben Berry.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171348881
does the company still do brown grease cleanup in NC>
Got some nice, cheap shares bid sitting today! As soon as that cancellation hits, this is going to rocket.
True. Looks retail to me
MMs don’t dump like that. They would sell 200-300k shares without having the shares.
Growing pains is what we’re seeing.,
Could be a legacy share holder or it could be a Canadian who was able to buy while it was on EM. There were some good volume 6 months ago. I think its the same person who did a Market sell of 300,000 shares a month or so ago that dropped it into the .00's
If they are putting up 200k like that they may have a much larger position they are liquidating.
I was hoping that they would have the backing of large shareholders, but maybe they don't.
Looks like they got 6770 shares.
If you wanted size, today was your day. You could have had 200,000 at .031.
I hit the ask for 10,000 just to see what the MM would do. Seems to be just retail trying to unload shares. This person has been doing it for awhile. they will get eaten soon enough
Well, you have to hope that Synergy spoke with some big stock holders and has some understanding.
We shall see.
24m float says there are enough to still hold big positions that want to roll into something else.
Overhang is normal. This is the highest the stock has been in years.
Maybe the Estate hung onto a few as a lotto ticket?
Thst is one hell of a wall for this low volume stock
200k on 325?? Someone trying to push out cheep shares? Or what?
A judge says it’s okay to cancel the shares.
The T/A blindly cancels the shares.
The stock runs to $20+ a share, then it comes out there was a claim to those 4B from someone coming out of the wood work, then the T/A is liable.
The T/A is a legal body snd will go slow. Once they put their stamp of approval, they own the decision. It’s not a rubber stamp process.
When this kisses .50, that’s $2B worth of Market cap. You damn right, the T/A is going to take time to know the birth to abortion of these shares. It’s what they get paid to do.
What holding the bag?
The only issue would be if the T/A wants to be paid for past services.
I don't really understand what other issue there could with the T/A.
The T/A can be a road block.
We’ve seen it before.
I forget which Synergy shell had a bitch of a time with the T/A. Ben fired em and went with his #1 guys..
No T/A wants to be holding the bag
I’ll double my hold too next week.
911 buy went through at .05 earlier
Guess they didn't like the new 52 wk high lol
Ok if someone is selling at 55 and there are buyers why would some imbecile sell in the 3s are people really that stupid and impatient? Unreal
Holding my 37k for the big bucks
Yes sir lovin it
At least one of the synergy plays is finally getting some love
Yes good to see. Even at .06 MC is on 1.5 mil. Ben seems to be finding interested parties even in this tough climate. Especially in the medical or bio arena.
May have someone lined up for this one. Maybe that's why hes been spending the money to get the SS cleaned up
Wow only 2 mms on ask, nice one there sir whitten
Yes. Should show up on otcmarkets.com anyway now.
They already cancelled 4 Billion.
They already received the court order.
Just need Transfer Agent to cancel.
Share cancelation news probably getting close. Jmho.
I just looked on synergy Twitter and didn’t see anything. I wonder why it’s moving?
Blue skies about to open here. No resistance above. Jmho.
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