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Not looking too promising as cash burn is considerable.
No new press releases or concepts even. Thoughts ??
Is this what people were waiting for?
It ain’t happening wo filings. This is the 15th full day since the grace period symbol was posted on the otc.
This need 2 consecutive upticks and I'm adding. But, I've been waiting since before Christmas for that to happen
There’s a lot of people in this stock and half of them probably have their finger hovering over the sell button.
I’m not worried about me
You’ll still be able to sell tomorrow if you want
We’ll see what happens eod if no filings are in…
If it was going down it would have gone to .05 but it’s steady
If someone knew that we wouldn’t be sitting at a dime.
How could anyone possibly know that?
Looks like I’m hearing the filings will be today, good source
I wonder how eod will go if no filings by then. This is definitely odd if they don’t. It would have to be something to do with the China portion of their business I would think.
Lol…52 minutes for you to go from a “serious win…to now you are “suckers lose” LOL you are a trip
Bidding.0001’s just in case. They’ll come around eventually.
Pinks are always a roll of the dice. Every now and then, the house loses. In this case, we'll know soon enough. I suspect it's over for ELEK.
I don't believe so and definitely not likely on the day of filing.
I have a small gamble position at .125 avg currently. Hoping my gamble pays off, but who knows. I am prepared to lose it if anything, so let's roll the dice.
If filed would it just show up on the OTC website?
That would be nice, but unlikely to happen. If it does, I'll happily admit that I was wrong.
For a while, this looked like solid gold...then the fluff went up as the price went down.
Hold 'em or fold' em...this is where the serious win and the suckers lose.
If ELEK pulls off a last-minute filing, this may run up with that news.
If they get booted to the greys, you wake up one morning to a stash of worthless junk with only the nostalgia of what could have been.
IMO, ELEK has duped us with empty promises...now backed up with the absence of required filings.
Can't complain, I made money on this one. I feel sorry for those that started here last November expecting the run to continue. Instead, with every new PR, this went lower and lower.
GLTA. Keeping a small position just in case they surprise us by meeting the extension and filing today.
This is a toss up. I am crossing my fingers for something to come to fruition on the filing front today.
They do translate into something...if they don't file, that something is "intentional deception". This has class action written all over it.
Which was that?
I had one go grey over a year ago and they still haven’t filed anything. -$8K
They could file after being suspended also.
That’s what makes this so intriguing. But none of that matters if they don’t file by deadline. Which (I believe) is midnight tonight. If they don’t count that first Monday as a full day it would be tomorrow. But I’m pretty sure they have to get it in today by midnight. I first noticed it Monday the 2nd. But someone on this board said they saw it Sunday which would have been the 1st.
So the large financial backing, the scooters, the crash test PRs, contracts signed must translate into something
They can if someone is willing to buy them. But if it goes to greys it generally goes to trips.
If it goes to Grey can your existing shares be sold?
Right. If it goes to greys it won’t start trading again for a couple weeks. Canadians can buy it (when it starts trading again) through some brokerages. But I don’t think there’s any brokerage that allows us to buy it in the US. Hopefully they file.
Always has been. This will still be able to be sold … no liquid market will be made so buyers win after greys and the only ones who can buy basically are MMs as TD and others won’t allow buys when in the grey
It’s a gamble. Could be huge. Could be zero.
They adopted a new “grace period” of 15 days (as I understand it). I first noticed the grace period symbol on the otc Monday the 2nd. If they count that day then tomorrow would be the last day to file.
“This limited conditional grace period provides investors with the opportunity to liquidate positions in a broker-dealer-quoted market for up to 15 calendar days from the determination that the issuer’s information no longer meets the above-listed requirements.”
https://www.natlawreview.com/article/sec-amends-rule-15c2-11-enhancing-retail-investor-protections-and-modernizing
But how do we know it should be the 15th?
How do we really know when the filing date should be?
The failure to report and moving to greys yes that’s a big deal but I don’t believe this is in the same class as other Chinese companies. This literally claims to be an American company (albeit selling Chinese product). This should be considered an American reseller similar to a Toyota dealership in terms of being American and selling Asian products. It’s definitely bizarre for them to fail to file on time.
I think it has more to do with this:
Reuters) -- The U.S. Securities and Exchange Commission (SEC) added over 80 firms, including China's JD.com, to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. May 5, 2022
https://asia.nikkei.com/Politics/International-relations/US-China-tensions/SEC-warns-80-more-Chinese-companies-of-impending-U.S.-delisting
And this:
https://www.reuters.com/business/us-sec-warns-investors-risks-certain-chinese-business-entities-2021-09-20/
There’s no dilution though. Yet… SS updated. We may see dilution tomorrow eod though…
Might be sell off tomorrow. No filings this goes to zero tomorrow.
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