HeadsUp Entertainment International Inc (HDUP)

[dbob]

No it was not, it was to be able to partner with them and use their platforms for lottery gaming etc. How the fk can you buy a 180 million dollar revenue comapny for 2 million. Come on guys common sense please.

[alabama1001]

IT was to acquire Spinola. Spinola already had the agreements in place. Fact is HDUP did not raise the capital to finalize the transaction. Anyone can jump on the Malta tax/rev portal and download Spinola/The Jackpot Group Annual rev.

[dbob]

That was not to buy spinola it was to have the rights to use the platform. Who even knows if Spinola exists. Sounds like Spinola is the scam company

[alabama1001]

2m for the business wouldn't think so. From what i have heard the business is well over 15m+ USD.

[dbob]

Thought that 2 million was the deal if they needed to put up more then they would be in default. Don't know about that end of the deal. Good due diligence is always best.

[alabama1001]

Spinola is actively talking to other parties in Malta!! Is HDUP in default? Will the $ get repaid? What was the deal?

[dbob]

To my knowledge that 2 million was not borrowed but personal funds put in by insiders at headsup. No way did they borrow 2 million to give to spinola, that i can guarantee 1 million percent. Yes people are out the monies but not outside investors. So you guys think they want to just throw away 2 million and move one. Not happening.

[grantastic]

The reasoning is that insiders got $2m into their pockets from whomever was silly enough to lend HDUP that money.

So Hdup put up 2 million and they just walk away? Explain to me the reasoning?

[dbob]

So Hdup put up 2 million and they just walk away? Explain to me the reasoning?

[alabama1001]

lol. You don't go and announce its ready to transact over 12 months ago to then suddenly go quiet. 180m of contracts and you get paid $2m !! Does not pass the sniff test. It's over and HDUP are trying to find a replacement.

[dbob]

I am not 100 percent sure but i have been told that the spinola deal is alive and will be part of hdup or the pcx company. I see someone gave them 2 million so why would hdup walk away. Please enlighten me as we have such geniuses on this board.

[alabama1001]

Sounds like after all the external DD & auditors they have found Spinola to be a dud!! This is why it has not closed out. How will Spinola pay back the loan?

[solong]

$HDUP - here's another one to consider. Who is buying all of these shares down here?

Time --------- High Low-------Volume
5/31/2023 0.035 0.0266 925,353
5/30/2023 0.0305 0.0265 839,800
5/26/2023 0.0339 0.0281 485,000
5/25/2023 0.0351 0.0285 1,554,700
5/24/2023 0.037 0.0283 3,831,900
5/23/2023 0.0475 0.039 777,800
5/22/2023 0.0475 0.04 138,600
5/19/2023 0.0432 0.0305 3,265,700
5/18/2023 0.0416 0.035 845,900
5/17/2023 0.0648 0.0335 3,932,800
5/16/2023 0.0688 0.0518 2,399,200
5/15/2023 0.0773 0.0566 8,429,600
5/12/2023 0.0519 0.029 3,270,600
5/11/2023 0.03 0.0272 450,000
5/10/2023 0.0315 0.0255 1,004,600
5/9/2023 0.0324 0.0278 350,700
5/8/2023 0.035 0.0273 1,034,500
5/5/2023 0.036 0.0291 267,200
5/4/2023 0.033 0.0292 34,800
5/3/2023 0.035 0.0271 731,700
5/2/2023 0.0345 0.027 1,062,600

35,633,053 has been traded in May, I'm guessing on this but something like 35mil shares are under a CTO and can't trade and that would leave 35mil which can.

the legitimate question is, did everyone dump their shares? I know I haven't. Then the next question would be, what are the MM's doing?

Could they be trying to shake out the weak shares and move them to stronger hands?

Why would they do that?

To open on Nasdaq, the stock needs to be at $4 p/share. If this is controlled by longs (friendly to the company) then when news hits, the weak shares will already be gone. The US shares, between 30 and 40 mil, didn't all dump this month. They just got the weak shares out. IMO

PS: as a note for clarity, I doubt we get to $4 per share without some "adjustment" to the O/S I think a lot of that will depend on how high they can get this before the move to $4.

[solong]

$HDUP - so it was taken from the filing on https://www.otcmarkets.com/otcapi/company/financial-report/370127/content
- go to page 14 to see them add "Advance to Spinola Software Solutions Limited (Note 5)" then go to "NOTE 5" and on to page 21 to read "NOTE 5" which begins with "5. ADVANCE TO SPINOLA SOFTWARE SOLUTIONS LIMITED"

https://www.otcmarkets.com/otcapi/company/financial-report/370127/content

[solong]

$HDUP, I am so happy that we have a genius among us...on a "low" horse. So yes, you can put them up as collateral, but you CAN NOT TRANSFER THEM, the MM won't allow that.

So what does that mean? It means that anyone lending money against those shares is probably pretty confident that if the loan is not repaid, that the shares will be tradeable (OFF the CTO) and they will be able to cash them in.

I'd suggest that the party lending money knows the collateral will have value. If the CTO isn't lifted then their collateral is worth ZERO.

[i_like_bb_stock]

hopefully theyll soon have a reason to and buy more

[dbob]

I would really appreciate if the sellers of this stock just get the hell out it. Go make monies elsewhere. The constant selling is a point of contention. HDUP looks like they have finally turned the corner as far as getting revenue streams coming in. This is the beginning of alot of hard work by people behind this company. STOP SELLING

[i_like_bb_stock]

Response to last week's $HDUP announcement on US Amateur Sports Fundraising platform has exceeded expectations with over a dozen new clients in the pipeline from football, hockey, volleyball, soccer and lacrosse organizations. Revenue Projections for Q3 and Q4 now tripled. Hutch

— HeadsUpEntertainment (@HeadsUpHDUP) May 31, 2023

[dbob]

Thanks your terrific insight hazarderk. You don't need to invest and when this thing goes you will just go away and haunt another symbol. good luck to you

[hazarderk]

This is a first class scam ! six months from now it will be trading in trips or be totally gone

[alabama1001]

So HDUP must owe more $ to Spinola hence why the transaction has not finalized. Do we know the full details of the transaction? shares/scrip

[AgentQ]

Here is the latest filing:
do Ctrl+F and search for all spots Spinola mentioned.

https://www.otcmarkets.com/otcapi/company/financial-report/370127/content

[alabama1001]

can you drop the link of this filing

[grantastic]

Canadian shareholders can sell if they apply for a variance to the CTO. It has happened a half dozen times already for HDUP.

The variance is required to prevent insiders like Kellner from pumping and dumping.

[griffygriff3]

Unlike most trading HDUP, a few of us here aint whore-chasing/pumping & dumping. I dang sure aint; that I know! Therefore, all this daily bid-whacking doesn’t bother me too much; and again, if this whore aint on Nasdaq by December, I’m taking all the rest of these whore mongers’ shares.

[dbob]

That i agree with

[grantastic]

Any idea as to why a "pump and dump" would be moving towards greater transparency?

Ordinarily, it looks bad when cash makes a 1-way trip to shadowy offshore entities.

Management discussion is reframing the disappearing cash as evidence to support their magical-merger story.

[dbob]

You just answered your own question. Yes they can borrow them out if it is not going to harm the stock. Market makers are thieves and brokerage firms are their accomplices. How do you think the brokers holding that useless stock can make any monies on it. The fact that they are wrong for not allowing canadians to sell is the first problem. Not buying is an issue we all know but why not be able to sell. Because the markets are crooked and only do things that will suit themselves and make monies. When you borrow shares you pay for them. I know more about penny stocks then you do so get off your high horse. Prove to me that they are not lending the shares out. The way i can prove it is there is 90 million in float and 45 million are in canada, the stock trades like it has 150 million in the float. Cannot move this pos up because the mm's stand in the way for 10k and they stack the offers simply because they don't have to worry about shares because they borrow and the canadians that have shares are screwed as the price of stock has gone from 3 to .19 3 to 15 and 3 to .11 and canadians cannot sell.

[solong]

$HDUP - wonder why they put out every transaction in the latest 10K, regarding Spinola? It's the first time we've had any real transparency...maybe getting ready for Nasdaq?

read the Note 5 mentioned in the filing - from page 21

The Spinola Loan in the amount of US$720,000 is effective May 5, 2021, bears interest of 3% per annum, and is due within 12 months. All payments are first applied to accrued interest and the balance to principal. The Spinola Loan can be paid in whole or in part, at any time and from time to time, without penalty or premium. On May 5, 2022, the Company and Spinola agreed to extend the loan repayment due date to May 5, 2023.
During the year ended January 31, 2023, the Company advanced $536,162 (2021 – $830,560) to Spinola. As at January 31, 2023, total amount due from Spinola was $2,086,722 (2022 – $1,550,560). At January 31, 2023, the acquisition of Spinola has not been completed. All parties continue to move toward the disclosed corporate finance structure of the reverse triangle merger.

Any idea as to why a "pump and dump" would be moving towards greater transparency?

[solong]

$HDUP - if you are under a Cease and Desist order - you can't move those to a US account to circumvent the order You can only do that with an approved variance by the Canadian Exchange stating that it won't harm the stock.

So in response to your question "Where does it say they cvannot lend out those shares to MMs in the US"? Where does it say that you can?

[i_like_bb_stock]

agree with what youre saying

[KeepOn]

Climbing, climbing.

[grantastic]

Worried about the supposed NDAs that supposedly expired on March 15th? Sure, why not.

Enteractive took it down today for reasons unknown … my guess is worried about NDAs

[AgentQ]

That’s fine hutch was not here previously . Kellner got a real mgmt team to replace himself lol

[AgentQ]

Nice find and it says hdup cause drivers so it’s that vertical of the company. Very nice. The real meat and potatoes is the digital lottery side of course but this is good news

[AgentQ]

He’s part of hdup but I’d say does not run it . He’s getting financing with pcx to acquire what hdup has formed recently ?

Did you see the video? Enteractive took it down today for reasons unknown … my guess is worried about NDAs

[grantastic]

According to other posters, Kellner doesn't run HDUP. Now he's touring the world "closing financing"? heh.

The guy who got HDUP on CTO for a decade caring about securities rules is a funny one.

Kellner has been in Europe closing financing and a giving a road tour of upcoming company. He can’t release anything without going past lawyers following strict nasdaq rules

[souwester]

https://citizenssports.org/

Website is owned by heads up entertainment

[AgentQ]

He said mgmt team is adding huge value and it’s bigger then he could have imagined . Patience will pay nicely here . These levels should be getting gobbled

[AgentQ]

Sorry buddy it looks like enteractive pulled down the video . Lmao . It was regarding enteractive minority shareholders signing agreement to convert there shares into PCX. Kellner has been in Europe closing financing and a giving a road tour of upcoming company. He can’t release anything without going past lawyers following strict nasdaq rules

[dbob]

There are many intricate parts of heads up. If your going to merge into a nasdaq companuy you need ongoing businesses doing revenues of any type for valuation. You guys are looking at this wrong. The stock is not going to explode until you get an idea of how all the companies in heads up will integrate. good luck to the long term holders. the short term guys are not going to make anything here.

[souwester]

The video is just about the GameChangerz betting site. Nothing about the merger or anything else.

[AgentQ]

https://gamechangerz.ca/videos

Idk if it has the details you want but it’s nice to know things are happening

[souwester]

I don't see the video referenced here and on twitter about the financing.

[AgentQ]

Hope you stick around . Easy to bash now kimosabe

[hazarderk]

Target 0,01 and eventually in the trips. You all suffer from cognitive dissonance

[hazarderk]

The market is always right !

[AgentQ]

Take a look at disclosures, it states the acquisition of Spinola has not been completed and all parties moving forward to the disclosed corporate finance structure of reverse triangle merger

Spinola is under strict nda cause it’s part of the nasdaq entity , not hdup . Hdup is not outright acquiring it before reverse triangle merger imo

I’m absolutely bullish after seeing kellners recent video …

[AgentQ]

This video is absolutely bullish .. have patience

https://gamechangerz.ca/videos

[cookieman4eva]

And as per usual, we’re told just enough to keep you in

I would much prefer that they do whatever their doing QUIETLY and then one day, just announce the deal is done and tell how many shares we’ll end up in SPAC shares

This Is ridiculous