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I don’t see it running?? Lol
We are running next week...next SPAC shell for B. Riley
https://brileyfin.com/leadership Jon Merriman owns this MERR shell.
Jon Merriman
https://brileyfin.com/leadership
Jon Merriman works for B. Riley who has done two successful SPACs already
Some are saying that they might use this shell for their next SPAC
I see we have life today with many bidders so I don't know if the start to shift this shell to a SPAC pretty soon.
Good luck.
GO $MERR....NOT EVEN 50K IN THE FLOAT....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157232923
Ask at .4865?!? no sellers??
ARCA to .058 on bid - maybe something is up.
Not sure - nice to see a higher bid with size. Bid at .10 would be better.
NITE is now bidding 25k at .05c, wondering if it was him who sold you stock and now trying to buy it for cheaper?!?
Will probably do both - don't think bid sitting will work.
if you buy again, only bid and force anyone to give you stock on the bid. these MM's as you can see have NO shares to fill. GLTA
Great - thx. Can't even imagine what will happen when updates start.
Yeah, I know. there's nothing in the float and no one can short this stock. put up a bid and you will see, MM's will move away from you. I reached out to Jon Merriman for status. will post when I hear back.
.13 is up - wow is this thin.
Only way to buy is to hit the ask - no one letting shares go on the bid. Float is almost non-existent.
thanks for your reply.
Watching for a possible entry. Thanks for the heads up on the other board. Also waiting for CWNR to take off. Low floater that moves on air.
that way I bought is slamming the ask, then put up a big bid to see if MM's have any inventory. I know they don't have any shares, the real buyer in April & May took the inventory. Close to 800k shares.
I believe the debt is owned by Ronald Chez which will convert to shares. He owns majority. a deal will happen one day, I don't know that answer but it will happen.
I have 2 more posting left for the day. take care.
Hi - I must be missing something, as you are saying it is a clean shell. These are old fins that aren't clean from 2015 posted on the otcmarkets site. Do you know that the debt has been wiped out?
https://www.otcmarkets.com/filing/html?id=11026841&guid=ykefU6EIXgcB93h
Wow - I see that. Can't be much left to be had down here.
In April & May someone came in and purchased close to 800k shares. I suspect they knew that deal might be coming soon. Should be interesting when deal is announced.
Impressive - will be looking to buy
Yup, float is nothing and no one can short.
Wow - huge! And SS just verified on otc markets - O/S only -
Outstanding Shares
4,479,844
10/07/2019
Float must be nothing.
What's the timetable for this one?
That's a solid strategy. Thanks for the DD assist. Not in yet, but looking to take a small chunk when the ask settles back down. I am a small investor, so having a chunk of money waiting around - even for good reason - is a bit unproductive.
Don't make a living trading...Just lop off a little each week. Or try to, at least.
Since 2016, I know folks in the industry so I buy big and just hold till they do the deal.
the float is so tinny, largest shareholder is Jon Merriman (investment banker) and Ron Chez (yuge investor/producer).
https://www.imdb.com/name/nm5977057/?ref_=ttfc_fc_cr3
https://www.reuters.com/companies/MERR.PK (scroll to bottom for key people)
http://www.secinfo.com/d13vF9.r9S7.htm
Agreed. Kind of like the trend of Millenials skipping big weddings and getting married in the courthouse. Results are the same, but you save a boatload of money.
How long you been in?
IPO trend is dying, direct listing or SPAC deals are now popular for small to mid size companies who want to go public without spending millions.
Jon Merriman has been looking for a deal and one day you will see.
I already own a boat load and not selling till it matures into the real company. GLTA
I have been keeping an eye on this as well. SOMEONE pushed the ask up to .10, though...
$MERR is the next clean shell that will be used for new deal.
Jon Merriman is an investment banker that is looking for deal. you will one day wake up and see the news. I believe the float on this stock is less than 2M shares.
I use RBC. It doesn’t have anything to do with the stock. I actually think someone is just buying out the shares because they know the real value of the stock and maybe they have some insider info about it being merged. Im going to get in again and hold this time. I should not have sold. That was too impatient.
what brokerage, I can't at TD Ameritrade. they state that I have to call broker.
I dont know why but I can.
what brokerage?
334K shares in the float, this thing can go to $5+ easily. not sure why online brokers are not allowing us to trade it via online. no right TD Ameritrade.
I had no problem buying and selling. I was just surprised.
Operators=market makers connected to those who are going to do something with this shell.
looks like stock has been dead for 2-3 years, operators who want any leftover(bagholders)stock out there will spike the stock, waking up those bagholders to sell their shares, then they take that stock away from them so they have tight control of this shell for whatever they are trying to do....as far as news, I would only go by any SEC filings. no current filing so we don't know what's really going on.
btw, i can't buy via online so i'm out, I think it's only selling or if you want to buy, you have to call broker to put your order in and I don't do that. Take care.
Will be watching for knowledge going forward.
Can you explain that further? I didn't completely understand why that would be beneficial. Do they want the share value to start higher when the shell is sold?
What does that mean "the operators" control this stock? There was a lot of news but this is quite a large jump anyway.