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That's correct, spot on.
Very good indeed, I never really liked, or even understood, the way the deal was structured before with Elvictor only holding preferred. TNBL was essentially a shell, even though TNBL and Elvictor worked closely together,
without Elvictors assets, it would not had nearly as much value, so it did not make sense to me that they should hold 95% of the commons.
Now we have what looks more like a traditional RM, and no preferred shares issued, so only 21M o/s, and no future dilution from preferred conversions.... Win-Win..!!
I also see for the first time Elvictor putting the ELVG news on their website, where before they did not. So it seems like it pretty much a done deal now, and Elvictor is full control.
http://www.elvictor.com/cloud/news/
This is also from the interview you posted yesterday
'we have been very diligent in selecting the people that will comprise our board of directors. They are experts in their respective field, with considerable experience in their respective subsectors of the shipping industry, who have endorsed our vision wholeheartedly and are more than willing to help us make it a reality.'
Tons of experience between the four new directors.
The interview you posted mentioned ' make sure that you form a team of dedicated and skilled employees that will help you' and 'Moreover, we have a number of specialised professionals on standby, waiting for the right moment to join our venture'.
I think you nailed it. Good news.
I was just reading the bios of these 4 new directors, almost 150 years of combined experience, basically the whos who in Greek maritime business.
There is the news with the new directors.
If I'm understanding the 8K correctly, they(Elvictor Greece) is taking over control of the ELVG commons(95%) from the old TheEnablers shareholders, and cancelling their preferred holdings, which would have converted into 80M common shares.
This is excellent news, more like what were use to seeing in a traditional RM, plus now the o/s is only 21M, which before, fully diluted, could have been over 100M.
https://www.otcmarkets.com/stock/ELVG/news/story?e&id=1644663
Hey, let them try and short, then Stavros can make a few phone calls to some wealthy Greek shipping magnates and burn them...lol.
Agreed. Someone has to create conditions to allow the stock to become liquid, why not shorts? IMO they will cautiously uplist when the time is right. Looks like they are trying to do everything in a safe and ethical manner.
Now that's more like it. Nice find and nice humble abode on page 9 of 10.
I don't think potential shorts should dissuade them from uplisting to the big boards, I'd be more concerned about the lack of liquidity on the OTC, it's hard to raise capital or find buyers, if there is no exit for your investors.
The CEO interview has a TON of information there, much more than just what came out in Greece. Including more info about their plans to uplist to a higher exchange.
Sounds to me like they want to get their 'sea legs' first here in the OTC, then work with Aegis Capital to uplist.
https://s3.amazonaws.com/content.otcmarkets.com/media/844898231/dEbQdtxAURIsbie/doc.pdf
Fancy videos, but we need more meat on this ham bone...lol
They just added some presentations and videos to OTC Markets.
https://www.otcmarkets.com/stock/ELVG/news
Yes, less than 10 trades in all of 2020 is pretty pathetic for sure.
Ideally I'd like to see it liquid, or even thinly traded above $2.00.....rather than liquid @ .50 or 60 cents.....but I guess any volume would be better than nothing at all.....beggars can't be choosers.....lol.
Agreed. Hope they are working on something substantial enough to tighten the spread and subsequently some much needed volume.
I'm not sure it would have helped anyway, the spread is so wide, the stock is almost untradeable right now.
Yeah, would not hurt to include 'minor' details you mentioned. I guess everyone must already know that stuff. May need to seek new PR staff?
I probably would have included how they have offices in 12 countries, and employee over 10K seafarers a year, so folks can see they are not your typical OTC company with 1 employee, working out of a virtual office.
Also, how a large investment bank, with 55+ billion dollars in capital market transactions, is underwriting their IPO, unlike most OTC companies that can only raise capital through toxic convertible debt financing, through shady lenders.
It's like they sent this news via snail mail...lol
News, Elvictor Group, Inc. Announces Uplist to OTCQB
https://www.otcmarkets.com/stock/ELVG/news/story?e&id=1638352
Should get interesting soon I think, wonder how many shares of ELVG, and at what price, the investment bank/underwriter, Aegis Capital Corp, will be buying..??
Nice. Let the journey begin.
Moved from Pink to the OTCQB today.
https://www.otcmarkets.com/stock/ELVG/overview
Guess that was an automatic update from OTC Markets, as I've never seen the 'Verified Company Profile' tag ever on the page...??
Noticed they updated the share structure as well, float up to 2.1M from 400K..... and held at DTC up to 35K from 10K.
Some new officers showing on otcm
New officers:
name title
Konstantinos Galanakis CEO
Sotirios Foutsis Former Officer
Christodoulos Tzoutzakis COO
Theofylaktos Petros Oikonomou CFO
Panagiotis Lazaretos Chief Development Officer
Panagiotis Tolis Chief Investor Relations Officer
Old officers:
name title
Konstantinos Galanakis CEO
Christodoulos Tzoutzakis COO
Theofylaktos Petros Oikonomou CFO
Panagiotis Tolis Secretary, CFO, IR
LOl. If only the ancient Greeks were still around to help ELVG, we might be listed on a major exchange by now. Gyro break is over!
No big bidder today, really thought that was going to be the start of something......it's been 6 months now, time to get things going here, this is taking longer than it took the ancient Greeks to build the Parthenon....lol.
No sense unless someone desperately needed $110 bucks less any fees. Oh well.
In almost 6 months this is our entire trading history, a whopping 20K shares.
I guess I could possibly see someone getting frustrated and dumping, but in this case it really does not make a whole lot of sense to dump @ .275.....especially when it finally showing some signs of life.
06/05/2020--0.275--400--OTCPK
06/04/2020--2.10--400-- OTCPK
03/13/2020--1.01--300-- OTCPK
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
I feel your pain as others do as well, I'm sure. Playing games like that should come at price that you get fined, and repeated instances should eliminate you from being able to trade.
Still frustrating though.
As someone who buys a lot of new issues, I appreciate that Glendale is one of the few broker dealers willing to file 211's and clear penny stocks for trading.....BUT....on the other hand, their tickers need to trade better, stop the games and other BS.
There has been numerous times now, I've been on top of the bid, and the first trade goes off(bidwhack) and I don't get filled, but GLED who is 2nd in line does, that's not right. If your bid isn't showing on L2, that one thing, but when it is you should get those shares, or GLED should raise his bid above you.
Agreed. As THEY say, 'It is what it is'.
lol....Probably right, I highly doubt a trader that would have done that, right after $2.10 just got bought. There is only 1 trade in it's history under .30 and that was the very first one @ .22...the one that should have gone to me.
Has too be MM games, or manipulation for some reason.
You and I both know, you weren't going to get filled...lol
I had some errands to do this morning, I was supposed to put in a bid before I left and forgot....grrr...lol... though I bet I would not have gotten filled anyway....just like the very first trade of this ticker @ .22, I was the high bidder on L2 and GLED screwed me out of those shares and took them for himself.
Saw that, didn't want to say anything. Brainless or MM shenanigans?
Did someone really just whack .27, after $2.10 got bought yesterday....wft...lol..??
Yeah, I believe these guys have deep pockets and aren't here to screw us or themselves. This COVID-19 has probably hampered some of their efforts to keep the ball rolling. I think patience will be the key to reaping a nice reward here.
I remember reading somewhere in my initial DD, that Stavros had set up a $100M dollar shipping fund several years ago, so these guys obviously have connections to big time $$$'s.
At this point, it's just a matter of waiting to see what materializes, if they wanted it at $5+ they could easily do it IMO with their connections, and this share structure.
Yep. Nice little action today.
Perhaps we are getting close to news on those contracts that are being moved into the public company.
I think when GLED inexplicably moved his ASK from $1.00...to $5.00...that was tip off of where we might be headed...as you don't see that very often.....maybe wishful thinking.......but we'll see.
Agreed. Might be getting close to some juicy updates. With the low float of
428K, some nice volume could easily take us back to high of $3. IMO
That $3.00 hit early on looking less and less like a fluke now, not that I ever really thought it was anyway, but this is definitely a positive sign we could be headed back there for sure.
Yes, ready to set sail!
ELVG...$2.10..it's alive...!!
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