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Agreed. I would like to pick up some more shares before whatever happens here but not at these levels.
$AASP - Keep selling Bro's! I'll pick some more up when it gets back down to $.50....or lower
Since they haven’t bothered to change the name this week anyone think that might be a good sign that they have something in the works.
That sucks! I just tried on my Fidelity, same thing!
Decent amount of shares bought above $1.90 today. Anyone else feel that’s above speculation price and more towards I know something price?
I would say most holders of this company are like me.
We bought on a speculation. It went nowhere. We put it in our pocket and forgot all about it waiting for some big event whether the reverse merger or a tax loss.
No one who has been on this for years feels the need to cash out on a $1.50 raise in price. Poor decision to think shorting this would scare any shares away from holders.
Typically, when you see it slammed like that its a short attack. They borrow shares, dump them on the market to hopefully cause others to sell out of fear so the price drops dramatically. Then they buy them back at a cheap price from those that sold out of fear.
Unfortunately for them it looks like they could only borrow 5000 shares which hardly put a dent in AASP. I didn't really see any other selling besides the shorting so it looks like this short was a complete fail.
Think it was someone hoping to drive it down to add more cheaper?
Do you guys see CSTI on the Offer with 2500 shares? It looks to me like the shorter, may have "Shorted against the box".
In other words he or she shorted their own shares and now are stuck trying to sell their shares to pay for the $.40 - $.50 per share loss.
I think they learned a hard lesson. Market Makers aren't going to short something with so little liquidity. Especially when there's been so much buying power for so long.
Shorting this was a very amateur move. If this goes up another 20% their margin could get called.
Not getting any of my shares.
Who wants to bet that shorter is now on the Bid trying to buy the shares back at a loss?
That's naked shorting. Only Market Makers can naked short. Yahoo's like us have to find the shares to borrow.
Whomever shorted this didn't know what they were doing. The Ask never changed. Now this dummy is going to be at a big loss unless something changes.
Agreed. It depends on the brokerage. I'd guess you could call it in but broker assisted trades are expensive.
Well how did they manage to short more than 100% at gme if they have to borrow someone’s share to do it.
That doesn’t make sense to me. Sounds like it only benefits shorts. Why can’t I decide where I want to sell?! Stupid
I just did my Etrade. However, Morgan Stanley won't let an online order go through when the pps is under $2 and even then only 20% higher than the last trade.
Lol we all wish. Fidelity only lets me sell gtc for $7.50. I’m not taking the chance of waking up one morning with all my shares gone
Somebody still paying up for shares this morning. Anyone on here?
GME #2? Now the shorter is going to need to buy those shares back. Good luck with that.
Yep. Put in GTC sell orders at like $150 if your brokerage will let you go that high..
Looks like the old days. Should we set sell orders gtc way high?
We just got shorted.
Volume and price way up. Anyone seeing anything??
I'm constantly Googling "Global Acquisitions Corporation", "AASP", "Ron and John Boreta" just in case they do a deal and the target company releases information before the filing. Humans make mistakes. Otherwise just gotta wait patiently for the filing.
Other than another filing, anywhere or anything we should be looking at for updates?
Right??? Look at the historical data. Only 3 red days closing since 12/14/2020. And each time rebounded green the next day. Serious buying, with no selling and no freaking shares on the float to speak of!
https://finance.yahoo.com/quote/AASP/history?p=AASP&.tsrc=fin-srch
Looks great!! Getting exciting!!
I haven't really seen any sells at the bid. I've seen a lot filled between the spread through. Looks like MM's are doing their best to keep this from hitting scanners. That's fine by me. It's kinda nice watching her tick up organically, with no bashers or pumpers. (Yet).
Not many sells to the bid in the past couple weeks. Looks like everyones holding for the fireworks
Looks good.
The count down starts tomorrow. Just not sure what number we counting down from, hopefully a small one.
I like this sentence in the 14c.
"We are currently investigating business opportunities that are presented to us by persons or firms who or which desire to seek the perceived advantages of a corporation whose securities are registered pursuant to the Exchange Act."
The historical data looks like insiders started to load around 12/14/2020.
https://finance.yahoo.com/quote/AASP/history?p=AASP&.tsrc=fin-srch
According to my rough caculations there should only be 1,159,074 tradeable shares out there.
Anything is possible. However, to me its not likely. I do not believe it makes any sense they would transfer all of the assets out of the pubco, then bring them back in.
Also, there really isn't any need for a single bar to go public. That would be a terrible project..Maybe if they had a few already openand wanted to start a National chain. However, they would at the very least have to open the first one, and be successful, so at this point they would be many years away from a venture like that.
In addition, these are big boys. Agassi is worth upwards of $700 million. The SPEA deal started with American Idol, then added Muhammad Ali likeness, and then Graceland if my memory serves me correctly.
These aren't the type to have a flop sequel 20 years in the making. I'm betting they have something much bigger to top the SPEA project.
Not sure why anyone is getting rid of any shares right now.
Any chance they are using AASP to take this Rockstar place public?
The day after and two days after the filing on Dec. 22 had the biggest volume in the last 365 days from what I could tell on Yahoo. 75,800 and 69,200. Probably $50K-$60 worth of shares. After those two days about 153000 shares have traded.
I didn't catch it till after the new year. Anyone catch it that early and buy those first days or was it people they know?
$AASP - I can't recall seeing a stock this thin....there just aren't any shares being offered.
I love it! Need to grab some more. Thanks for the checklist!
AASP - I owned SPEA in Dec 2004 when the reverse merger happened. To the best of my recollection, the increase in the number of Authorized Shares happened just before the reverse merger with CKXE (later CKX).
I remember being disappointed that they were increasing the number of Authorized Shares because I didn't understand what they were doing at that time and almost sold my shares. Luckily, I didn't.
That's why I started buying more AASP as soon as I saw the information last month to increase the number of Authorized Shares....I figured here we go again - this is what we've been waiting for.
There is no one size fits all. However, typically they wouldn't spend the time and money to increase the authorized and change the name unless a deal is pending.
I've spent the last 5-6 years trying to put deals together like this. I'm no expert, but I've been in the trenches.
In fact I even contacted AASP many years ago to see if I could work a deal with them. They indicated back then they had their own deal in the works.
AASP must increase the authorized for two reasons. The first reason is they will need shares to sell to the target so the target can become the majority shareholder.
Once the target becomes the majority shareholder, the target will install a new corporate structure and take control of AASP.
The second reason for the increase in authorized is because once the merger is complete they will need shares to sell with a PPM in order to raise money to expand. That's the most important reason and urgency.
I was just in Vegas. It looks like the Boreta's have their hands full with a gigantic nightclub/ restaurant called Rockstar. I'm just guessing, but logically why spend money and time messing with 20 year old,AASP when their plates are already full opening up a nightclub?
I could be wrong, however logically one doesn't detail their car when they list it with Auto-Trader. They detail it when a buyer looks at it.
Normally I'd say we had a 50/50% chance of them either preparing, or if things were fastracking.
The major signal it might he going down ASAP, and is why I loaded again is,.... the buying out of nowhere over the past two weeks.
Many times buying like this on an empty shell, that not being pumped, comes from insiders, family members and friends of the principles.
The next thing we should see is a change in control. At that point it will be too late to buy because the word will be out.
SPEA went from $0.10 to $7.00+ in a day..
Cheers!
How high is to High to add more shares y’all think? Anything under $2 safe?
I was wondering the same thing also. Anyone know how fast it played out with SPEA?
I have lurked this board for years.
Do you think they are timing the name change and issuing of shares now because they are already lined up for a reverse merger?
Or, did they just do this now and will wait until someone comes calling?
If anyone has any experience (like it sounds some guys here do), do you have a time frame that you would expect to see some things roll?
I have waited for years. I am ready for this.
Thanks.
Mike
Hey Joey! Ditto! I'm in very large now! My first buy was 2013 so its been almost 8 freaking years!
According to my experience this has all of the signs it's finally coming to fruition.
My Reverse Merger Check List
1.) Dispose of Assets. v
2.) Extinguish Debt. v
Became a valuable blank-check shell with probably 90%+ deliverable to a buyer.
3.) Increase Authorized. v
4.) Name Change. v
5.) Strange 100% buying coming out of nowhere. (Insiders) v
We are here.
6.) Change in Control.
7.) Announce Merger
I’m back in the $AASP train! Lets go choo choo
Shhhh this might be the last time we can pick up more shares this cheap!
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12/15/2004 - SPEA traded at $0.10
12/16/2004 - pre-market, SPEA announces that they entered a definitive agreement to acquire a majority interest in the assets comprising the estate of Elvis Presley. Stock opens at $0.37, trades as high as $7.50, closes at $6.41 on volume of 1,339,073.
12/17/2004 - stock opens at $6.44, trades as high as $11.20, closes at $9.10 on volume of 1,705,667.
02/17/2005 - traded as high as $23.40, volume of 158,400.
03/01/2005 - symbol changed to CKXE, listed on NASDAQ.
03/17/2005 - acquires "American Idol" TV show.
05/09/2005 - traded at high of $30.65, volume 57,100.
07/13/2005 - CKXE added To Russell 1000(R) Index.
08/05/2005 - AP Article about company.
04/11/2006 - acquired 80% interest in the name, image, likeness and all other rights of publicity of Muhammad Ali.
This is a news release from 2004 showing some similarities of whats going on with AASP right now.
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