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Despite this, money might be made with ILST.
My DD has convinced me that Leonite is just another OTC toxic lender.
Like many of the other toxic lenders, Leonite is trying to stay one step ahead of the SEC. This may be part of the reason they looked for a "clean" OTC shell to merge with. They even created several new holding companies as well as other entities that are listed on the Delaware SOS website.
see my disclaimer below
Get them while they are on the clearance rack! Thank me later.
23% moves in the meantime?
The 6% of BEi is straight out Revenue ,Leonite loaned $545 to Bei as part of the transaction. Dilution is not part of the equation but quite the opposite
ILST$$$$ " Our initial position of 6% of the company comes via a senior secured loan with an option to purchase the entire company. "
They mentioned nothing about dilution....
Nah. Everyone is bailing after that letter. Who would choose to park their money in a stock that is not going to move anywhere quickly, over buying shares in a stock that has a good potential for short term gains??
It's over. Maybe in two years some will break even?
Hopefully that leads to flippers bailing and investors entering at this sale pricing
We may be holding for years before we get back to where it was around .007.
Oh well. Such is the market these days.
I bought this in the last few days based on the chart more than anything else. We are at 1.5 year lows, and I never saw what the negative thing was about the original news, it looks like traders had hyped themselves up to expect some kind of a mega merger and when the company stated only 6%(but they explain that in todays release quite well) everyone jumped out....ok Ill scoop em up for the ride back up which I think is coming. Let's see if its are its bottom at .002. I see support at .0018 if not...could be wrong, JMO.....(Also, there is now a large gap on the daily chart at .0062, if that fills I will do great on this trade. May take some time, thats fine with me...)
$ILST
Well, the market didn't like that letter.
While they mention other possibilities, it sounds as if royalty businesses are the focus. I like it because that is a low overhead and high margin business.
As promised, the CEO has released a letter to shareholders. I for one think its positive and I am holding here.
$ILST
good morning $ILST players , we are about to bounce up this morning
Leonite could have had Currier keep the SS at 3b if they wanted. They wanted the current maxed-out SS. My guess is they wanted the share price to increase without anyone being able to claim they were diluting with the goal of uplisting ILST over time.
My suspicion is that Leonite has big plans for ILST but are putting them on hold until the market improves, especially for crypto//NFT, and are going to leave ILST in the hands of an interim CEO in the meantime so that they can deny blame for the current waiting period.
Where do the lowest tier of the SEC - reporting
companies trade then?
OTCBB was officially closed by FINRA last year.
"On November 8, 2021, FINRA will cease operation of the OTC Bulletin Board (OTCBB)—a FINRA-operated inter-dealer quotation system—and delete the OTCBB-related rules from the FINRA rulebook."
https://www.finra.org/rules-guidance/notices/21-38
I never actually traded on the OTCBB (knowingly). Many OTCBB stocks were dually listed anyway, OTCBB and OTC Markets.
Wikipedia states the following on their OTC Bulletin Board page, "When the OTCBB was operational, most OTCBB companies were dually quoted, meaning they were quoted on both the OTCBB and the one of the OTC Markets Group markets. Stocks traded on these markets are usually thinly traded microcap or penny stocks. Both retail and institutional investors generally avoid them, because of fears that share prices are easily manipulated and the potential for fraud."
So my answer to your question would be that both of those OTC markets were likely similar in volatility.
$ILST ready to enter power with more then 21% green
Perfect opportunity for them to do so while all of this impatience selling drives PPS down
What’s the purpose of going public if you don’t make any money by doing so?
Something has to be done with the share structure in order for going public to be worth it.
Is there something concrete that makes you say AS raise, or are you just speculating on that?
Who said this was going to 001? Lol wrong….again!
They don’t need the AS raise, Leonite is backing the financing.
“We have received many of your questions and concerns. We plan to release a letter from the CEO in the coming days”
And we’re up 17.39%
It’s amazing what a little communication does.
went green
We have received many of your questions and concerns. We plan to release a letter from the CEO in the coming days. $ILST
— International Star Inc. (@ILSTinc) August 30, 2022
Nice jump here. Bottom in? I just bought .0021....
$ILST
I am ok with a AS raise to 5 billion anything over no thank you
We have received many of your questions and concerns. We plan to release a letter from the CEO in the coming days. $ILST
We have received many of your questions and concerns. We plan to release a letter from the CEO in the coming days. $ILST
— International Star Inc. (@ILSTinc) August 30, 2022
the red going to green side,, wish to see green today
$ILST
dip and rip part of trading,, keep tight till bounce here
$ILST
Not the least surprised if that happened.
Thanks for your opinion.
Do you not find though that OTC Pink stocks
are much more volatile than OTCBB stocks?
Truth… seen that time and time again. FPVD got dumped to .003 after their crazy OS news came out on acquisition of BIGtoken and then it ran to .10 on a solid PR after all of the OTC said it was doomed. That’s one of many examples that come to mind. LCLP… another one up to .06 after bouncing around .003-.004 for months. Etc etc.
.001's coming. No support in sight.
Otc traders are bipolar! One killer PR and everyone will love it again.
Main comment I have is that OTC tickers DO NOT trade like big board tickers.
OTC is really much more like a gambling casino than what you're used to with the big boards.
Been trading OTC for several years and have had several big losers as well as several big winners. Fortunately, the winners have outpaced the losers.
On top of the casino character of OTC trading, another factor was added last year with the SEC "current info" rule change. This amended rule has made OTC trading supposedly more information sensitive. Not sure if this is true or not, but it does seem to have had an effect on the HUGE multi-day runs that used to occur with greater frequency prior to Sept. 28, 2021 (the day the rule change went into effect).
On top of all this, OTC Markets overall performance (as measured by OTCM's OTCQB Index) has been in a bear market since the middle of Feb. 2021. Again, as measured by this index, OTCQB reached an interim low on 7/14/22 of 304.85 at the close, for an overall drop of about 60% from its previous peak in Feb. 2021.
You can study a chart of that index yourself at the link below:
https://www.otcmarkets.com/index/.OTCQB
So yeah, sometimes you win and sometimes you lose, and many times it doesn't even depend on how much DD you do. Unkown relationships, back door dealings, and even outright lies can complicate OTC DD greatly.
Anyway, if you're thinking about getting back into an OTC ticker, hope my discussion above will help you to some extent. In any case, best of luck to you in your future stock trading.
If you want more opinions or suggestions on other OTC tickers, you can send me a PM between 4-5 on Fridays, as I am not able to respond to private messages otherwise with my free iHub membership.
$ILTS pre market bid and ask 0.0021>>0.0023
KAS* is tanking and KAT* is starting to. It looks
Caren Currier is losing her credibility with investors.
CC did let remain for months on the OTC Markets
a false Company Description of ILST that stated a Merger
had been finalized and was awaiting roll out.
As a rule I only invest in SEC - reporting companies
but made an exception as I had never purchased
Shell stocks that had gone through Court proceedings
to make the Shell clean and expected something
better than this. It’s been a long time since I owned
stocks that tanked so quickly. I think that CC’s connections
are just not good people for investors.
………………………………………………………..
Wouldn't be surprised to see 001's this week or next.
What a fricken mess.
Get wrecked pheeeewww. Back to reality with that one. Been a long time since I got slapped on the hand like this.
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