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GPIW registration revoked:
https://www.sec.gov/litigation/opinions/2022/34-94137.pdf
Grey Market to Expert Market?
Looks like MMs want to keep it alive for some reason.
No American Retail Broker will allow you to trade it, but I find this interesting during this unique time.
GPIW SEC Suspension for severely delinquent Financials:
https://www.sec.gov/litigation/suspensions/2021/34-92812.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-92812-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2021/34-92811.pdf
2 mil float trading under a dime wth
Really like this one here with the 8k yesterday. Looking forward to see who is merging in here. Can move very fast.
Yep, Day 1 Here $GPIW
$SHELL #SHELL
1st candle...1st day. Not frontloaded. Beauty run starting here.
Nice move here! $GPIW
GPIW cgfn upticking easily on each 10k hit, they have nothing....when volume comes this has 1.00 potential with a 5 million float.
GPIW .093 change in control today...run will start soon...if not today/tomorrow.
$GPIW Tier_Change: Pink Current to Pink No Information
OTCM Link
https://www.otcmarkets.com/stock/GPIW/disclosure
GPIW listed under "Significant Activist Hedge Fund Activity" a few days ago. Interesting...
http://www.investmentwatchblog.com/significant-activist-hedge-fund-activity-last-7-days-2/
More filings today. New CEO, Steve Ketter.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12860735/content/html
I just read the 8k a few times over and I admit I'm still not sure what this exactly means for GPIW and what they exactly get in exchange for the dispositions of some of the assets. Also I'm trying to find out whether the 2 remaining subs are the ones who are responsible for most of the revenues or not. I always thought that this Umajin which stays in the company was the thing that produced the most revenue in the last few quarters but I'm not sure yet.
Looks like classic self-dealing at GPIW, Far-East style
On June 27, 2018, Grand Perfecta, Inc. (the “Company”) completed a disposition of a substantial portion of its assets and operations through two transactions:
(1) A transfer of 100% of the common stock of Sports Perfecta, Inc., a California corporation and subsidiary of the Company (“SPI”), and a receivable representing a sum owing to the Company by SPI in the amount of JPY 185,540,908 to Neo Sports Ltd., a Japanese company (“Neo Sports”), in exchange for (a) 23,600,000 shares of Company common stock, (b) 100,000 shares of Company Series A Convertible Preferred Stock, and (c) an outstanding contract option right to purchase 3,000,000 shares of the common stock of Company at a price of $1.00 per share (the “SPI Transaction”); and
(2) A sale of 100% of the capital stock of Link Bit Consulting Co, Ltd., a Japanese company and subsidiary of the Company (“LBC”), to IS Digital Ltd., a Cayman Islands company (“ISD”) for $420,000 in cash, and a sale to ISD of a receivable representing a sum owing to the Company by LBC in the amount of JPY 8,089,625 for $80,000 in cash (the “LBC Transaction”).
After the foregoing transactions, the Company continues to own as subsidiaries WRN Co. Ltd., a Japanese company (“WRN”), and Umajin Hong Kong Ltd., a Hong Kong company (“UHK”). WRN is engaged in the business of publishing global horse racing information including upcoming races, race results, and detailed profiles of foreign jockeys who race in Japan at http://www.worldracenews.com. UHK delivered information on horse racing and soccer to its users until the end of June 2017, when it discontinued its service.
SPI Transaction
Neo Sports was formed for the purpose of acquiring SPI and to pursue other business opportunities. Shortly before the SPI Transaction, two unrelated third parties founded and contributed cash to Neo Sports in exchange for capital stock of Neo Sports. Also, shortly before the SPI Transaction, on June 25, 2018, Shuya Watanabe and Takashi Ozawa, both officers, directors, and principal stockholders of the Company, and Kazuaki Goto, a principal stockholder of the Company, acquired capital stock of Neo Sports by transferring to Neo Sports the following property:
(1) From Shuya Watanabe 14,000,000 shares of Company common stock and 100,000 shares of Company Series A Convertible Preferred Stock,
(2) From Takashi Ozawa 6,600,000 shares of Company common stock; and
(3) From Kazuaki Goto 3,000,000 shares of Company common stock and a contract option right held by Mr. Goto to purchase 3,000,000 shares of the common stock of the Company at a price of $1.00 per share.
After the foregoing transactions, Messrs. Watanabe, Ozawa, and Goto hold, in the aggregate, 7.3% of the capital stock of Neo Sports, and the unrelated third party cash investors hold 92.7% of Neo Sports.
All of the Company securities acquired by Neo Sports were immediately transferred to the Company in exchange for 100% of the capital stock of SPI, which was owned by the Company, and a receivable representing a sum owing to the Company by SPI in the amount of JPY 185,540,908. The SPI Transaction was closed on June 26, 2018.
As a result of the transaction Shuya Watanabe, Takashi Ozawa, and Kazuaki Goto ceased to be holders of any securities in the Company and ceased to be controlling stockholders of the Company. The beneficial ownership and voting power of these persons with respect to the Company’s common stock prior to the transaction was approximately 77% of the total voting power, and after the SPI Transaction was -0-.
2
LBC Transaction
ISD was formed by an unrelated third party for the purpose of acquiring LBC. On June 27, 2018, the Company sold 100% of the capital stock of LBC to ISD for $420,000 in cash, and sold to ISD of a receivable representing a sum owing to the Company by LBC in the amount of JPY 8,089,625 for $80,000 in cash.
Change in Management
On June 28, 2018, Steve Ketter was elected a director of the Company to fill a vacancy on the board of directors. Following his election as a director, he has been elected the Chairman of the Board, Chief Executive Officer, and Chief Financial Officer of the Company effective at 5:00 p.m., PDT on June 28, 2018, to replace Shuya Watanabe, the then serving Chairman of the Board and Chief Executive Officer, and Masashi Takegaki, the then serving Chief Financial Officer. Shuya Watanabe has been elected to the positions of managing director of WRN and UHK.
Following the foregoing changes, Akira Tanabe, Takashi Ozawa, Masashi Takegaki, Motonori Okai, and Hideaki Takahashi resigned as directors effective June 28, 2018, at 5:00 p.m., PDT, leaving Steve Ketter and Shuya Watanabe as the two directors serving on the board.
Steve Ketter, age 50, has been self-employed for the past five years as an advisor on business development, operations management, and strategic forecasting. Mr. Ketter has not been a party to any transactions with the Company or its officers or directors during the past year. No plan, contract, or arrangement has been formed for compensating Mr. Ketter for his services. The Company does not have established committees of the board of directors, so no committee assignment is applicable.
3
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Grand Perfecta, Inc.
Date: June 28, 2018 By: /s/ Shuya Watanabe
Shuya Watanabe, Chief Executive Officer
1.2 million in market cap at 4 cents. They will do about 12-13 million in sales and this last Q had 900k operating income. You are right, that's kinda insane. Needs some awareness, the float is really low.
Yeah, I can remember when this traded at $1.20. That was when they were a non SEC compliant stinky pink. Now they are fully compliant.
Almost .03 eps fully taxed over the last 2 q's. Super cheap.
This one is priced crazy low. If I remember right a lot of the debt is from related parties, they won't rush that IMO. Just good to see that they are back to serious net income and I'm just waiting until management kickstarts this thing again like they did a few years ago. Still only 32 million shares out so basically no dilution. I remember some guy bought a million shares at a buck back then in a PP.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12804632/content/html
Back to back nice q's. They have some significant debt due this year. I would like to think a co generating about 450k in after tax net profit per q would be able to get a loan with decent terms to pay it off. Would be a nice development.
At any rate I am willing to bet it deserves a better p/e than less than 1 annualized.
Very nice 10Q out today....
Not only nice yoy revenue growth now, they also had a fantastic 880k operational profit from their business in just this quarter. Looks like the turnaround started as I had anticipated and hoped in november. Still only 32 million shares out and market cap here is around 2 million for a stock which had an almost million in operating profits in just this one quarter! From my point of view it's big time undervalued.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12625525/content/html
Yes I expect an operational profit again in Q1 which will come out soon. SS is very good here, stock extremely thin.
Very lengthy 10-K but I’m beginning to like it.
Q1 should be looking real good in terms of operational profit and net profit as they had to book a few one time expenses some tax related.
Also one can read that notes are mostly to related parties and more not convertible.
Almost all commons belong to management as well.
Sooner or later if they start to talk to the market again this could be a huge mover again. It's a sleeper.
Q to be expected soon! Live signs.
GPIW could jump to old valuations
Just 10k at .0750 and then it's .10 and beyond
Yeah profitability and the size of revenue here is pretty impressive for a stock at this level.
Not to mention the actual float is tiny since insider ownership is enormous.
Could be very positive over the next few weeks as some promoters may decide to latch on to a promising story here.
My main concern is that the revenue has dropped quite a bit YoY but to be fair I have not and likely will not attempt to understand the exact reason why - it could be good.
Best, OMID
Very good! Now the stock should return to previous levels
New Q filed. They returned to profitability operationally. Very good to see. Some of the directors agreed to reduce their salary for now. Way undervalued here the stock.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11933151
will be good tidings in January --me thinks
Nice 10-q
No new shares. Very small loss
got my order in---time to buy for xmas
Looking better again. Shouldn't have any business trading below 20 cents. For whatever there was a seller hitting the market for a few weeks without regards to the price. I have seen something like this before on other stocks when it gets close to year end. Might have been the case here as well.
A little buying today
Float about 3 million shares.
It should be massive from here unless there is something negative we don't know but that's pretty unlikely. IMO
We need to spread the word on this once in an lifetime opportunity. GPIW is an easy multi Bagger from here once the selling is finished
This is their activity in the states:
http://fanxt.com/dailyfantasy/
Subsidiary of GPIW
http://www.grandperfecta.com/divisions/usa-sports-perfecta
Wow I'm puzzled as to what happened here in the last few weeks. From 60 cents to 4 cents after some pretty good forward looking business news and while not a single bad news has hit. To me this looks like a monster buy down here but then again who exactly knows. Nothing is for sure. I never anticipated this to go below 10 cents after it stabilized there for a while. I'm sure now there are also plenty of tax loss sellers involved as well. Might be one of these huge buys for january. That's my hope and I'm buying more.
You still in here? Looks like business outlook and potential has never been better before, and yet we have a certain seller here lately bringing down the stock big time. Very strange.
Can you list the news so new investors get a quick overview of latest developments at GPIW?
It had a lot of great news. Some entity is obviously selling a certain amount of shares lately. Who knows why. I hope the company will react and not watch their stock go down 80% over 2 weeks and remain silent.
Performance in October was killing. Now a fifth from highs. If this one doesn't bounce..
Didn't it have good news as well?
I think there is huge potential on this one with the fantasy sports niche, besides that the stock is very thin. I'm a buyer here for sure. No idea why it got clobbered lately.
I never understood the run over .50, I happily sold my long time bag for a small profit. Thinking about re entering but after getting lucky getting out, not sure if I want back in....
Bring it on I'm ready.
Gozilla is going to stomp this back to 7 cents.
Because that is what Gozilla does.
Your posts are always so enlightening. NOT.
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