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Ah, ok, I'm not use to seeing any bids here at all, other than my own, so when I saw yours I thought someone might be getting a sneaky insider fill.....so I put a hidden AON order in at .30, to try and get them...lol.
Those new bids must have triggered something in the GLED algo, which caused him to raise his bid and run away off the ASK. That's the only thing I can figure.
I would not expect to see anyone get filled under .30, maybe not even under .40, especially now with all these pp's at .50 but you never know, it is GLED after all.
Hmmm...What does GLED have up his sleeve?
I bid 20 cents and the fool outbid me lol
Noticed GLED both raised his bid, and moved to $5 on the ASK today, first change I've seen in quite awhile.
Yeah, ELVG is not your average Grey Market to Pink Current IMO. Also the updated SS is still favorable to many OTC Pinkies. Still believe this one has good potential. Hopefully more info soon to drum up some volume.
Yeah, looks like they raised about $200K @ .50 in 3 months(Jan-Mar), not too bad at all, certainly better than most penny stock companies that can only raise money through convertible debt.
I wish we had more details, and some volume, but everything, as far as the DD is concerned, just feels more professional, and more substantial, to me than the vast majority of the other OTC penny stocks....time will tell I suppose.
Nice! I'd like some of those .50s myself. That is a boatload of shares!
Q out today, the Greeks have been buying tons of shares this year, private placements @ .50, sure it would be nice to see some buys on the open market.... but this is a good sign too.
https://www.otcmarkets.com/filing/html?id=14151234&guid=fYMHUa3VoT1m0th
Yes. Not a peep from company either. Waiting game...lol
Seems like lots of stocks running like crazy right now, tons of money being poured into the OTC, as people sit home waiting for COVID-19 to pass.....and yet we have not had a single trade in months.....lol.
Points well taken. Never been in anything like this myself that I can remember.
Looking forward to some clarification and 'good news' in the near future.
To me it sounds like it will not necessarily be Elvictor Group(Greece) the company coming in, but their contracts, with shipping companies or shipbuilders to man their vessels themselves.
I've never seen a deal structured like this, about the closest thing was one where the public US company was the beneficial owner of distributed profits from the private foreign company, with the same name...but US entity, did not actually have any control over the foreign entity. There was no merger or acquisition of the private company.
As long as these contracts are not just assets or considered 'investments', and the public company derives revenue from them, then the big boards could still be on the table.
Hopefully fillings will eventually explain this in more detail.
Sounds all Greek to me...lol
Clear as mud.
'We are becoming more diversified and we shall have good news and strategies to announce.'
At this point the business plan is a little vague....on one hand they are using Elvictor Group(Greece) and Elvictor Group(US)....sort of interchangeably....but on the other hand not exactly....so I really don't know.
From the interview with the CEO.
That's pretty much the same conclusion I derived at. Hmmm
It seems like they would still need to merge or acquire Elvictor Group, Elvictor is claiming to be a public listed company, yet the filings do not reflect that.....it's still essentially a shell....therein lies the problem. Without Elvictors audited financials there is no way this can uplist to a higher exchange.
Had to Google 'pachinko' ...lol, thought it was some sort of game. Hope ELVG is not a game (Ok, maybe Game-on). Hope history does not repeat itself in this case. Quite puzzling scenario overseas IMO.
It's crazy, I don't even know what to make of it. I guess anytime your the world first anything to list on a stock exchange, especially in the US, it seems like there are some liquidity pains or something...idk.
I was once invested in the worlds first pachinko company ever to go public in the US, tons of assets, big revenue, great share structure.....could not get any buyers for nothing. They uplisted to the QB....nothing.....uplisted to QX....nothing.....hired a top knotch IR firm to spread the word....still nothing....eventually gave up and disappeared without having traded hardly any shares at all. I guess no one knew what pachinko was in the US, and just didn't catch on for whatever reason.
Realistically, it's probably a combination of a number of things, but the lack of Greek buyers for the public stock is whats really surprising, I can see maybe US buyers here early on, but I thought the Greeks would have been all over it. :shrugs:
Saw the S1 late yesterday. Still a nice float. Need a nice promo, bid support is ridiculous. Sure they have a higher exchange on their radar. IMO
Did you see the S1 filed yesterday..? This now makes the float 1,658,605..... for a NASDAQ uplisting a company must have a minimum of 1,250,000 publicly traded shares, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.....so they are now in compliance here. Wonder if that's what they are thinking..??
Obviously, they still don't meet all the criteria, as far as we know, but that's a step in the right direction for sure.
Surely they have to be seeing that there wont be much liquidity on the OTC, can't sell shares if there are no buyers. The Enablers sold all those private placement shares @ .20 and .25 to Greeks, yet Elvictor Group can't even get a bid on the public company above a measly .12 cents....that's absolutely insane.
https://www.otcmarkets.com/filing/html?id=14063260&guid=ehvWU6dE6TywLth
Yep. Noticed that too.
Share structure updated for the first time since the symbol change, unrestricted/float up to 401K now from 291K, still only 10K held at DTC.
https://www.otcmarkets.com/stock/ELVG/security
Authorized Shares--200,000,000--03/31/2020
Outstanding Shares--21,064,100--03/31/2020
Restricted--20,662,400--03/31/2020
Unrestricted--401,700--03/31/2020
Held at DTC--10,000--03/31/2020
Interview with Constantinos Galanakis CEO of Elvictor Group
https://libertypress.gr/constantinos-galanakis-elvictor-group/
https://www.facebook.com/Maritime-Economies-327962590558015/
These look like two of their subsidiaries in the Philippines, Elwin Crew Management Inc and Evic Human Resource Management Inc.
http://evic.com.ph/
https://www.facebook.com/ELWINPHILIPPINES/
https://www.facebook.com/EVIChrmi/
http://www.shiplink-ship.com/images/elvictorgroup.pdf
Yeah, IMO this one belongs on a major stock exchange. Waiting on updates/filings as well as website.
Hope so, does seem like a company that would be better suited to uplist to a higher exchange. 40+ years in business, I believe somewhere around 60 - 90 FTE's, with an additional 4000+ seafarers, you don't typically see many OTC companies with that many people on payroll, certainly not penny stock companies, most penny stock companies are start-up's with one person on payroll....lol.
Still waiting on them to get the website online, that might provide us with some more information on Elvictor.
http://www.elvictorgroup.com/egi/
They are only behind about two weeks with that news. Better late than never. I like the photo of NYSE building in the article. Maybe a hint as to where ELVG is going?
All very good points, I totally agree. I will be watching this one closely.
IMO $1.00 does not seem like a bad price for this share structure, if I can find something to sell maybe I'll average up and get some more, though of course GLED could still whack .60 - .80 or so.
I do see a few potential problems, one they did not do a traditional RM or acquisition, so that may hurt the number of US investors we get, also we are lacking in information on Elvictor, especially fins, and we don't know if there will be a Super 8K coming out or what.
And two, I'd imagine Coronavirus is hurting the shipping industry right now.
So we may have to rely on Greek investors to move this, and Greece has had a lot of problems with their economy, unemployment and such, may not be the right time for them to invest, thus the reason were not seeing any volume.
idk, just speculating.
Weird indeed. Maybe he really does not want to part with the shares and has to show some sort of volume while he is the only seller to get some kind of cut. Or perhaps he just likes to whack on and off...lol
It's a weird phenomenon, I'm not sure why it happens but the first trade on a GLED ticker is usually a bidwhack, but it is almost impossible for a retail bidder to catch it. It's happened to me over and over again, I'm the high bidder shares drop, and I get passed over. It's very frustrating to say the least, its happened to me 10 or 15 times now just in the last couple years.
In this case the first trade was a whack @ .22, I was bidding .25 and showing on L2, shares went to GLED who was bidding .22. why he whacks to himself is what I don't understand, as he is usually the only seller.
Maybe some sort of test trade...idk.
01/15/2020--0.81--1290--OTCPK
01/15/2020--0.85--2110--OTCPK
01/03/2020--0.81--1000--OTCPK
01/03/2020--0.80--1400--OTCPK
01/02/2020--0.70--2500--OTCPK
12/27/2019--0.60--2000--OTCPK
12/27/2019--0.60--500-- OTCPK
12/20/2019--0.50--380-- OTCPK
12/20/2019--0.50--380-- OTCPK
12/20/2019--3.00--380-- OTCPK
12/20/2019--0.50--2500--OTCPK
12/18/2019--0.30--1500--OTCPK
12/13/2019--0.51--1000--OTCPK
12/13/2019--0.22--2500 OTCPK
Good luck with that, just like he got filled and you got bypassed. What a surprise...lol
Hope so, I'm high bidder...lol. Could use one of those patented GLED bidwhacks right now. Don't know what price he'd whack though, I know he has 2500 shares, that he got @ .22, because I was the high bidder at the time @ .25 and he got filled instead.
But new shares may have been deposited recently too, the TA has not been updating the share structure as frequently since the Name/Ticker change.
Wonder if GLED is ready for a whack attack or what.
GLED finally back again after several weeks, currently @ $1.01.
POST-EFFECTIVE AMENDMENT NO. 4 TO FORM S-1
https://www.otcmarkets.com/filing/html?id=13958937&guid=aJZCUKFB-rXyVth
Thenablers Inc., TNBL, changed to Elvictor Group Inc., ELVG:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Lol. Yeah right, that's what I'm thinking. Could have had a meal in Greektown too!
I'm not too far from there, had we known in advance we could have met up with him and had a few beers...or ouzo, as the first 2 official public shareholders....lol.
Wishful thinking. My neck of the woods. Looks like he's celebrating a birthday.
CEO is in the US right now, Chicago, meeting with some investment banks perhaps..??
https://www.facebook.com/ElvictorGroupInc/?__tn__=%2Cd%2CP-R&eid=ARD5ug9R7W-55iOEHRsP15RdufkbrSQqtey--nOxz5zhIDhuuvDR31dH5kIR1iXz5jTBGiVTpGTleoKb
Certainly would be nice to see something going here in the wake of two days of disastrous Markets brought on by Coronavirus fears.
ELVG (TNBL) SS updated regularly still shows Unrestricted 291,700 and as you mentioned 10K Held at DTC. Hopefully see more eyes on this with Deep pockets... lol
Nice, wonder if they have been waiting on that to get things going here..?? It's not unusual for companies to wait until after the name and symbol change takes effect. Then again, there are still only 10K shares held at DTC, so not much available to trade right now.
I read somewhere, I think in one of the PR's released in Greece, that funds and shipbuilders are interested in this US public listing, should be some deep pockets there I'd think.
Name/Symbol/CUSIP Change per DL effective 2/27/20 change to Elvictor Group, Inc. symbol ELVG
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Nothing wrong with a little of that magic for TNBL...lol
Looking at the historical record, when Panos the director for COSM, it was trading over $10 pps, maybe he can work some of that same magic here....lol.
Obviously we have no clue what the fins look like for the Elvictor Group, but I would bet that the float here is considerably lower than that of COSM at the time, probably much lower.
Very good perspective. Just need to be liquid enough to get this baby to start rolling and get folks off the fence. In the long run, I think we should be in good shape IMO. Hoping for nice fins too.
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