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Yes, I believe the attorney letter is next.
GO $MCIC
GOOD MORNING EVERYONE
GO $MCIC
If the PPS and volume do not significantly increase in the next few days, expect them not to increase unless/until the "company" shows a revenue-generating substantive accomplishment. It's as simple as that.
Looking forward to it
I think removing the shell risk should allow most brokerages to place buy orders. That was a huge issue because of that rule 211change a few years back. There was always at least 5 to 7 market makers on the bids/asks years back. It had good volume and a tight float back in the day. Watch how fast this goes back up when most firms and market makers are back on it!!!!! Right now, this is completely off the radar. If any crew had front loaded, they would have run with it last Friday and all weekend long. This is going to get interesting because we are going to see buying pressure. Price is going up.
Yep
$MCIC TO PLUTO AND BEYOND
We have seen the pushers doing a lot of pushing yesterday and today. There was zippo volume yesterday, with the PPS remaining in triple zeros, despite the shell risk label being removed. That is likely an indication that unless this "company" accomplishes something substantive and shows revenue, this stock will continue to go nowhere.
MCIC - To Uranus
They have to get all the ducks in line first. JMHO
GO $MCIC
I like your thinking
You think if if bigger things coming they would want otc fixed
I believe bigger things are coming. JMHO
$MCIC TO PLUTO AND BEYOND
I can’t believe they didn’t tell us that it was removed . Like you said other pinkies would be jumping up and down for that
Looking forward to it!!
Yes it was
Mcic to Pluto and beyond
Anything to help D. Burgess............ Why would he/she/pronoun_thing/alien/WTF-EVER- still stalk the crew of a shell that is no longer a risk? Answer that MCIC question and win the prize. Not that anyone cares. Go MCIC - prove that divorce court has a purpose when it comes to these kinda things. Actually, no one cares. But you gotta love the approach.
Biggest day in over a decade. Only a few good guys left but we know WTF happened today. This was HUGE.
I suspect they know more than we do. OTC Markets is very particular about removing the shell risk flag. Ben had this inventory on the books a while. I suspect OTC Markets was informed by one of the lawyers about something that we do not know about. Yet.............. Most pinks release news on shell risk removal!!! It's a big thing and it takes a serious change for them to do this. Stay tuned.
A great day here in $MCIC land!!! JMHO
GO $MCIC
I’m wonder what otc suddenly saw to get rid of it
Is 50 cents/share possible here?
Now that the shell risk flag is removed, it should go back to normal quotation and all brokerage firms should be able to buy. It could also take the Atty Letter on being current but that is easy to do. I said it will hold silver on just those actions. This will be interesting to watch. I got my #2 pencil out and I made a note to put $MCIC on my watch list :)
Wonder if those sales showed up
Sounds like more progress!… Thanks
Got be something!!!!! They don't just drop the shell risk without something like a big change in the finances.
Wonder what otc knows
WOW. Poof. Shell risk badge gone and trading goes back to normal soon. That is a hell of a thing.
Risk shell removed
Good morning Gorby… Are you teasing us that there are new developments appenin’?
Good morning
Any great news out there for mcic fans hmmmm
GOOD MORNING EVERYONE
GO $MCIC
GOOD MORNING EVERYONE
GO $MCIC
Welcome Back
So your Crystal Ball says $2.00 ...................Ok I see where you are coming from.......I did read your other posts.......
Thanks for your reply..................
It's more likely .8467%. Although, that might to be a bit high. More importantly, the pushers believe in a "management team" that hasn't had the intelligence to accomplish anything substantive for investors in 5+ years (or ever). That's why we laugh at the pushers.
MCIC - To Uranus
84.67% I like it. But I believe in Ben and $MCIC. JMHO
$MCIC TO PLUTO AND BEYOND
Good morning. Back in the USA rats was having a blast
Good morning. Back in the USA rats was having a blast
Used my #2 pencil - It is very clear that they will have to show substantial revenue, merger, or something of value to remove the shell risk flag. The material change would also be needed for an attorney to write and opinion letter that is not a shell. They are still spending money filing, subscription and legal fees for "something". Odds = 84.67% that they get the MCIC train back on the track to the moon!!!!!!!!!!!!!!!
GOOD MORNING EVERYONE
GO $MCIC
So with all the talk about the OTC .....what odds to you give that the OTC will remove the Shell Risk from MCIC........????....or will it not happen unless MCIC shows real revenue first.............
More worthless information from the number 2 pencil pusher. That pusher, the godzilla pusher, and the "this company is selling millions of gloves" pusher continue to be lapdogs for this triple zero shell risk. These 3 moro - I mean clueless people - continue to praise a "management team" that hasn't shown the business intelligence necessary to accomplish anything substantive for investors in 5+ years (or ever).
MCIC - To Uranus
Great post!!!!
I believe Ben has a plan. JMHO
GO $MCIC
OTC MARKETS COMPLIANCE ANALYTICS – RISK SCORING ALGORITHM
The OTC Compliance Analytics product provides broker-dealers and investment managers with a comprehensive, quantitative tool for evaluating and automating risk processes for OTCQX, OTCQB and Pink securities. Each security is given a numerical risk score on a 0-55 point scale. This document outlines how point values are assigned.
Risk Factors
Points Assigned
• IF Current Caveat Emptor = Y then +5
• IF Former Caveat Emptor = Y then +3
Caveat Emptor
Marketplace
• IF Market = Pink No Information or Expert Market then +2
• IF Market = Grey Market AND Security Type = Common Stock then +2
• IF Security Status <> Active then +2
• IF Former Suspended/Revoked Status Flag = Y then + 2
Security Status
• IF Shell status = Y then +3
• IF Former Shell status = Y then +2
Shell
• IF Penny Stock Exempt = N then +3
Penny Stock
• IF Bankrupt = Y then +2
Bankruptcy
• IF Delinquent in reporting obligations = Y then +2
Delinquency
• IF Reverse Split in past year then +1
• IF Most Recent Split factor is <.1 then +2
• IF Multiple Reverse Split value = Y then +1
Reverse Splits
• IF Name Change within past year then +1
• IF More than 1 name change in past 2 years = Y then +1
• IF More than 2 name changes in past 5 years = Y then +1
Name Changes
Market Cap
• IF Market Cap value < 300 MM then +3
• IF Market Cap value > 300 MM and < 400 MM then +2
• IF Market Cap value > 400 MM and < 500 MM then +1
• IF value cannot be calculated then +1
• IF Last Sale < .01 then +3
• IF Last Sale > .01 and < 1.00 then +2
• IF Last Sale > 1.00 and < 5.00 then +1
• IF Last Sale is null then +1
Price
7/2020 1 Version 4.0
OTC MARKETS COMPLIANCE ANALYTICS – RISK SCORING ALGORITHM
• IF Price Change Value > |10%| then +1
• IF Price Change Value > |20%| then +1
• IF Price Change Value > |30%| then +1
• IF Price Change Value = Null then +.5
Price Change
Volume Change
• IF Volume Change Value > 10% then +1
• IF Volume Change Value > 20% then +1
• IF Volume Change Value > 30% then +1
• IF Volume Change Value = Null then +.5
Trade Count Change
• IF Trade Count Change Value > 10% then +1
• IF Trade Count Change Value > 20% then +1
• IF Trade Count Change Value > 30% then +1
• IF Trade Count Change Value = Null then +.5
Shares Out Change
• IF Shares Out Change Value > |5%| then +1
• IF Shares Out Change Value > |10%| then +1
• IF Shares Out Change Value > |20%| then +1
• IF Shares Out Change Value = Null then +.5
Authorized Shares Change
• IF Authorized Shares Change Value > |15%| then +1
• IF Authorized Shares Change Value > |25%| then +1
• IF Authorized Shares Change Value > |50%| then +1
• IF Authorized Shares Change Value = Null then +.5
Promotion
• IF Active Promotion Value = Y then +4
• IF Active Promotion Value = N and Most Recent Promotion Date > Current Date – 6 months then +3
• IF Active Promotion Value = N and (Most Recent Promotion Date > Current Date – 1 Year and < Current Date – 6 Months) then +2
• IF Active Promotion Value = N and Most Recent Promotion Date < Current Date – 1 Year then +1
• IF Shell Risk Flag Value = Y then +2
• IF Shell Risk Flag Value = U and Reporting Standard value <> (International
Reporting or Bank/Thrift Reporting or Insurance Reporting) then +1
• IF Former Shell Risk Flag Value = Y then +1
Shell Risk
• IF Hot Sector Flag value = Y then +2
Hot Sector
• IF Former Hot Sector Flag value = Y then +1
https://www.otcmarkets.com/files/OTC%20Markets%20Compliance%20Analytics%20Algorithm%20-v4.0.pdf
This "company" has not reported any revenue in the past two years of financial reports (or ever). Why? Perhaps, it has to do with the "management team" having a lack of business intelligence or desire or something else. But what we do know is that a "company" not generating revenue in 5+ years (or ever) is pathetic and deserves the shell risk label because real companies generate revenue. Even the 10 year old kid with a lemonade stand generates revenue. Until/unless, this "company" accomplishes something substantive and starts generating revenue, nothing will change. So, instead of worrying about the decisions of the OTC, I would be much more concerned as to why this "company" has not accomplished something substantive nor generated revenue after all these years,
Let's break it down. This is from another legal website. An opportunity to provide evidence to OTC Markets to request shell risk removal? There are no guidelines on how these guys at OTC Markets pick what dudes they want to go out on a date with. It's weird. Company claims not to be a shell but OTC Markets gets to put a risk flag on it. This is different than the ongoing “shell risk” designation that a company may periodically see on its quote page. As part of its ongoing review of companies, OTC Markets may designate a company with a shell risk flag, where it believes, in its sole and absolute discretion that a company displays characteristics common to shell companies. The designation does not indicate that a company has labeled itself as a shell (that would instead be a firm shell flag not a “shell risk”). The shell risk review includes evaluating asset composition, operational expenditures, and income related metrics. When a company receives a shell risk flag, it has the opportunity to provide evidence, including material changes in financial condition in publicly reported financial statements, to OTC Markets to request the removal of the flag.
The legal junk is confusing. Does shell risk lose piggy back exception for quotation? Dropping shell risk is not outlined as well as dropping shell status.
However, the “shell risk” designation that occasionally appears on a company’s quote page is different. As part of its ongoing review, OTC Markets may label a company with a shell risk flag, indicating a potential risk of shell company characteristics. The designation does not necessarily mean that the company has self-identified as a shell (that would result in a firm shell flag, not a “shell risk” one). The shell risk review evaluates factors like asset composition, operational expenditures, and income-related metrics. When a company receives a shell risk flag, in order to successfully regain the piggyback exception, the onus is on the company to prove that they are no longer a shell company and meet the criteria required by OTC Markets or a broker-dealer. Of course, this means the company must take necessary actions to move beyond their shell status, such as merging with a company that's fully operational or initiating their own business operations.
In the event that a shell company loses piggyback eligibility, they would need a new 15c2-11 review to be undertaken by either a broker-dealer or OTC Markets under the initial quotation standards when they cease being a shell company. OTC Markets will only carry out a 211 current information review for a company that applies to the OTCQB or OTCQX tier of trading on OTC Markets.
In today's regulatory environment, with the need to adhere to increasingly stringent disclosure requirements, a target company should really only contemplate going public through a reverse merger with a public shell company if it meets the requirements for trading on the OTCQB or OTCQX tiers of OTC Markets. This includes the obligation to obtain audited financial statements.
In summary, the updated 15c2-11 rules bring significant changes for companies and securities, especially in the case of shell companies on the OTC Markets. Understanding the details of these changes and knowing how to navigate them effectively is crucial for broker-dealers, investors, and companies alike. As always, legal and regulatory advice should be sought when in doubt. The impact of these changes will continue to unfold, and we'll keep you updated with new developments and insights.
https://www.lucbro.com/news/blogs/detail/9794/decoding-the-211-regulations-and-shell-companies-a-legal
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