Joey New York Inc. (JOEY)

[Stock_Barber]

https://www.thebasilelawfirm.com/post/from-one-otc-markets-ceo-to-all-of-the-others-toxic-convertible-debt-will-ruin-your-company

[Monroe1]

THIS MAY HELP!
I sold out long ago but came across this to share with you all from LinkedIn

Mark R. Basile, Esq.’s Post


Securities Litigation and Public Company Restructuring Attorney
4d · Edited

We have already started fielding numerous calls from CEO's of OTC Markets Group issuers and dozens of #shareholders that now want to vacate over 100 judgments improvidently entered in the federal courts, Southern District of New York, in favor of toxic lenders.

$CATV $AEXE $WSTI $PHBI $SRCO $BARZ $ASTA $VNUE $WDLF $BRRL $CYAP $DPLS $DPLV $DRNG GACR $GNBT $GTii $HPIL $JOEY $LFER $PNTV $SIRC $TINO

The landmark Adar Bays decision may provide a basis to vacate millions of dollars worth of judgments against #microcap companies. They are also interested in getting their stock back based on these potentially #illegal #funding #convertible #notes.
* anyone may want to share this with other tickers you may own.

[GUNSMOKE]

JOEY ! GOING TO BE CURRENT SOON ! Thats the rumor....gl

[60ftcat]

Authorized Shares
1,500,000,000
07/26/2021
Outstanding Shares
94,145,510
07/26/2021
Restricted
62,608,804
07/26/2021
Unrestricted
31,536,706
07/26/2021

[60ftcat]

RIP JOEY

[NewTrader2017]

Absolutely, please share some better opportunities with me :) thanks

[60ftcat]

at this point im only holding a small lotto ticket just to keep track of it. I dont like the dilution. there are better opportunities elsewhere.

[NewTrader2017]

three i guess . including you .

[60ftcat]

so you have two big bag holders??? ... and massive stock dilution so they cant get out??

[NewTrader2017]

things are cooking for a while now, it should unfold soon .

[GUNSMOKE]

JOEY ! LOOKY AT THAT VOLUME WOW !!

[NewTrader2017]

There are two groups, one group whom I know has 5M shares, other group may be 6-8M .

Let’s see who is going to file custodianship first !

May be two applications together :)

[NewTrader2017]

$JOEY mystery will unfold this week.

[NewTrader2017]

Yep! 30M float ... if a custodian comes this should be one dollar a share ..

[DiscoveryStock]

I think you responded yourself. They're going to heat it up.

[NewTrader2017]

Love is in air ! I knew something is happening behind the scene, I bought some this morning :)

[GUNSMOKE]

JOEY ! WTF ??

[willlbone]

Up big.

[NewTrader2017]

Current unrestricted O/S now is 27M which is 9M up since my first post.

It was 18M I first noticed 3 weeks ago.

After that I saw 22M

Now it’s 27M

It may not matter much at these levels when MC is really tiny, but how it’s getting diluted when management abandoned this shell since 2019?

[Full Contact Yoga]

Seems like a candidate for conservator, but the Chancis family is extra scammy, even by OTC standards, so might not be possible.

[Technocrack]

I have a filling that something is cooking here for JOEY. Just a feeling. A very good time for custodians, reinstatements etc.

[willlbone]

Once the roller coaster ride is over, people often get back in line.

[60ftcat]

why?

[willlbone]

Bounce time.

[Shmoney1]

Pump all over?

[60ftcat]

Until they raise O/S to 500M or 1B LOL

[NewTrader2017]

$JOEY. 4.8M shares are diluted last week.
Company CEO resigned long ago, who is diluting now? Is this a possible custodianship or just a P&D . I bought a small position on pump.

[NewTrader2017]

I see some dilution, yesterday 1M and today 3M . Company is still selling some shares, but at this low O/S it may not make much difference.

[willlbone]

Kangaroo Joey will bounce.

[Bronk]

Agree. Another good volume day. I added at .01. Have a .011 average now.

[NewTrader2017]

something is fishy, its not P & D . something is going on.

[NewTrader2017]

Anyone has L2 ? 50,000 shares on ASK is diluting. When that mms leave I believe this will reverse back to much higher level.

[Bronk]

Volume is still good. Grabbed a few in the .012xx range just for kicks.

Any catalyst coming here?

[willlbone]

Getting cheaper.

[NewTrader2017]

VWAP 0.036009 , but I understand your interest. I suspect you are a shareholder. Irrespective thanks for bringing some posting on board.

[NewTrader2017]

You are right, but someone will be an idiot not to hold huge amount of shares and file custodianship, they know that price appreciates multifold even before the court date.

If you want to understand custodianship more, pick up any stock and you will be found that a dead stock goes through heavy volume and price few times before custodianship is filed.

Rather say some smart guys are making algorithms to detect custodianship before even its announced and to detect that they solely look at dead shell, defunct and sudden spike in price and volume, few pump and dump, usually 4-6 weeks timeframe .

There are some who do this manually, going over ihub historical data.

[NewTrader2017]

MMS are trying to give an impression of 40% down but the fact is that VWAP remains same as yesterday . 0.038314 so far for 1.62M shares .

[Zardiw]

Actually, a dollar bill is just paper with some fancy printing on it...lol

z

[GrandAdmiralThrawn]

Well see I like spacs better because the anticipation allows one to make grade A money, so yes with pennies there maybe more to gain because of the basement prices but SPACs almost guarantee you that your could make a fortune since the Spac managers are looking for stable, evolutionary startups. They basically do all the homework for investors.

[GrandAdmiralThrawn]

Same as tranche loans for houses. Tranche loans for houses are rated C+, B+, or A+. Well the same goes with empty tickers, they are classified similarly, the ones with the most share structure becomes a risk for SPAC managers so they would put empty tickers with a miniscule share structure in a higher category meaning that anyone wanting those will have to pay a premium, meanwhile the ones with a high share structure pays basement prices for them.

[NewTrader2017]

Two groups are competing to take control over the share structure, winner will be filing custodianship. We will see 15-20 cents just on custodian filing, on grant this can shoot up to 50 cents to one dollar.

IMHO !

[NewTrader2017]

VWAP 0.040153, got even better later in the day. Second half was stronger. More coming tomorrow.

[NewTrader2017]

Yep, more actions tomorrow. This is just the start.

[UnderTheInfluence]

Looks like party is about to start... Nice volume

[60ftcat]

10M shares in 3 days - Accumulation! She is getting locked up!!

[NewTrader2017]

Only 18M unrestricted. out of that 5M shares are already in safe locker. I can imagine how thin it can be !

[60ftcat]

4.2M shares traded. L2 is hilarious to watch!

[NewTrader2017]

.10 by Friday. This baby wanna fly.

[NewTrader2017]

Tomorrow we will see .06+++++++

[60ftcat]

3.9M traded....staircase action day to day ..15min VWAP... "Volume precedes price"