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Exactly what I’ve been thinking. They have iq access and updated profile for a good reason!! Good post
If they intend on making the $59 range on the Nasdaq that tells me they have a large revenue base imo.
This will be much bigger than the average otc merger of which we are accustomed to seeing in the otc
Yes they are going to when the time comes I agree, but imo they would be focused on getting current.
If they are audited which it says they are going to it had to go through the SEC
They aren’t obligated to submit anything to SEC. They are obligated to adhere to OTCmarkets rules and regulations. Once they become a SEC reporting company (they aren’t rn) then they must adhere to said regulations.
Idc what that says, there’s no way they have their own shares without being a publicly traded company.
You just said you aren’t experienced with these things and I’m telling you, as someone who’s seen many reverse mergers you are expecting filings that shouldn’t be expected.
Private companies that buy or merge with a public company have lots of sec/ FINRA rules they have to adhere to
Dude they have their own investor, it’s valued at $8.2 dollars https://invest.hahalolo.com/
Hahalolo (OTC:FBEC) -
Interim Chief Financial
Officer & Advisor
Mar 2023 - Apr 2024 • 1 yr 2 mos
• Advise management and prep company for RTO (reverse takeover) IPO in US, workflow optimization, manage PCAOB audit, write technical memos and supervise compliance, investor relations, ERP selection and optimization, and personnel training
• Select and acquire target company and perform due diligence, create and file SEC documents to list onto OTC, then uplift to the NASDAQ
A PCAOB AUDIT is the real deal
https://www.techtarget.com/searchcio/definition/PCAOB-Public-Company-Accounting-Oversight-Board
Well from my experience an 8K is not needed so that most likely won’t happen. And merging shareholders isn’t a thing. The company wasn’t a publicly traded company. They were private so most likely the only shareholders are the managers. If they even have shares before.
Other than an 8k for disclosure just the regular filings I believe. But there should be an explanation of how they merged the two companies and their shareholders.
I’m not an expert but that’s what I’m thinking.
This isn’t a normal otc merger where some schmuck buys a shell and just takes over. Hahalolo is bringing a package of their own shareholders.
Which filings are you expected to see? Other than financials.
The two entities are merging. They both have shareholders. They need to merge the two. That should require filings
I mean they are expected to file but they acquired a shell, they arent obligated to submit anything, no company is
I thought I read somewhere that a company that acquires another in a RM as a time period to file. Just can’t remember how long
Yes I’m hoping the same
As long as they want.. unfortunately. But they didn’t update the description for no reason, I expect filings soon.
How long can they sit on this before filing? Any ideas?
I never said it was a mistake lol.
So, are these all mistakes made by the company? Where does this leave all the investors now? What is the next step?
My mistake the name change was filed with sos not sec. But same thing remains, a company must upload the file themselves within their OTCMARKETS account.
That is not false. SEC filings aren’t posted unless the company posts them in OTCmarkets. Example: NUGN is a SEC reporting company who is in OTC, look at their disclosures on OTCmarkets, no new filings since 2022 because they report to SEC not OTCmarkets.
Sec filings cannot get posted to OTCmarkets unless the company logs in and uploads the files. This is why that name change for FBEC never showed up on OTCmarkets because it was filed with SEC.
Short positions have no requirement to file on form 13F. Shares of 20,000 @.0005 is $10. It’s safe to assume that is a very short position. Purchases of 5% or higher are filed on form 13G and 13D.
wingtrade: you’re correct, sec filings in otc are always posted. Previous statement by another poster is false.
Is that new? In the past, SEC filings have always posted to the SEC filings section on otcmarkets for tickers i’ve followed.
This is very interesting! Thanks.
Maybe, because they haven't filed, and not current.
Maybe they’ll buy more , that would be great
It’s a start, only 20,000 shares the fund bought but it’s rare for a fund managing over $400 million to buy a pink sheet.
Maybe they were just testing the waters till it goes pink
Nothing is uploaded to OTCMARKETS unless it’s by the company. Filings filed with the SEC will never show up on OTCmarkets.
Well I thought by sec rules otc has to disclose anything that happens to the stock
Then, you would know what's going on?
I’m surprised that 13f didn’t show up on the otc site as a filing
Institutional investor is interested in FBEC, and purchased shares.
What does this mean?
Good morning FBEC/Hahalolo. On May 7, 2024 -- 49 Wealth Management, Llc, filed a 13F-HR disclosing ownership of 20,000 shares of FBEC Worldwide, Inc. (US: FBEC), valued at $32 USD. As of March 31, 2024, The current value of the position is $10 USD. In my opinion, these amounts are probably X1000.
Yeah brother. Been a long road. Almost there. I wish you and everyone the best.
Hope we all have our moon shoes ready
Arturo… personally I have never felt more confident holding my Fbec shares than now, due mostly to the profile updates. I think we are in for a wild ride here. Moon shot imo.
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