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The voting block is one thing, liquid equity in the company is another. The investors in PickleJar holdings, including yourself, owned 100% of it, and will expect to own the lion's share of it when it is public. I searched through multiple filings of the shell you've merged into for the conversion features of the preferred stock that has been divided up, and while voting control is a given, nowhere in any filing I've looked at so far does it discuss the conversion into common stock. So, what is it?
The legacy holders of the common stock have not invested a single penny into PickleJar holdings. They invested in the failed business the corporation used to do, and that investment is gone, the cash to the company gone. That's why any legitimate business that merges into a dead shell will wipe that legacy equity away with a reverse split, so that the equity stake in the business is preserved and not handed over to those bagholders of the failed business. If you're looking to do an S-1, why on earth did you merge into a stinky pink shell when you could have done that S-1 as an IPO and the investors in it would not have had to share their stake in the company with those bagholders? Usually on an OTC RM, there are large holders and/or convertible debt holders who are the beneficiaries of the surrounding hype that get to dump into it.
I don't "speak" to CEO's on the OTC. Nothing personal, but I follow the mantra "if you want to be conned, then talk to a con man," something that is rampant on the OTC.
Volume will vanish as most is the seller
So, with you just admitting that, why do you continue to cry wolf at Jeff? Give it a rest, dude.
They know what comes with a R/M............Fund Raising, or they would just stay private.
yup most likely the old ones rinsing out
I too see the selling, but my first thought is not the "new guys".
There is laundry to be done to clean up this shell, plus, the "old guy" could be cashing in also, before the Fund Raising starts.
Which is why I have been taking profit when available.
https://www.otcmarkets.com/otcapi/company/financial-report/366511/content
no you did not...insiders are you and anyone else involved in the dumping of shares....another 10 million dumped yesterday which totals about 50 million so far
The PickleJar Holdings (PHI) investors took their pro rata share of the Pref-A shares (the control voting block). I am part of the block, including the original founders. No shares have been issued to management at this point. So, neither PHI Shareholders nor management have shares to trade for 12 months.
We have 11 team members who have worked tirelessly for three years to build a foundation. I personally have over $1m invested into PickleJar, have a billionaire on the cap table – and I don’t quit easy. To be clear, this isn’t about a “quick-hit,” this about long-term scale and shareholder value for all.
As for how we structure the capital raise, we are completing our audit within the coming two weeks and working with several investors with either a Reg-A or S-1, which require different mechanics of course. We will communicate this as those plans formalize.
We negotiated a deal in the best interest of PickleJar’s ability to move quickly to raise capital and establish a strong footing for our 2024-2025 roadmap. Every move on the board has a cost, but each piece has a different value – both short-term and long-term. The “bagholders” of which you speak are neither part of the management nor have control of our operations or go-forward structure.
I hope you can appreciate we are trying to do the right thing for all shareholders. Your questions are sincerely appreciated. I am always available to speak, if you have any other questions.
It would be nice to see folks ask respectful and intuitive questions instead of having a gaslighting sort of attitude. Jeff certainly doesn’t have to engage investors that are willing to eat their own young on a message board. There is a level of decorum that should be respected.
So, how much equity did you issue yourself in the deal? How much stock do you intend to sell to the public to raise money? If you don't plan to do a RS, why'd you hand over partial ownership of your company to the bagholders of the failed business of this shell?
Obviously, I can’t speak to the long- term market conditions, I can tell you it’s not in our calculus. Hope that helps clarify. :)
Thanks Jeff for the insights, by this post can I assume u guys have no plans for offering or reverse split in the future?
PickleJar is a big idea, and we have robust roadmap. Uplifting is part of our growth strategy as a way to differentiate our offering and improve liquidity. Of course, this takes time, technical/legal mechanics, and access to a larger pool of investors. As always, we look at this process through the lens of shareholder value, corporate governance, and organic/institutional investor support.
While I cannot speak for how the market values the Company, we are continuing to grow market penetration across all lines of business. Additionally, the unit economics for VMS are the leading catalyst for the growth capital we are pursuing.
Hope that gives you a bit more insight. Thanks!
Yes. I did. Not sure what you are referring to when you say “inside.”
Your posts are as pedantic as they are assumptive. Of course, that’s just my humble opinion.
Still…waiting for your call. :/
you didn't answer the question...that was Ambiguous....chart not responding to order flow...shares are being sold from the inside.
Thanka man.. few more question
do you think you will be uploading NREG to higher stock exchanges without share re org?
Do you think the current stock price is not reflecting the actual magnitude of the picklejar app asking this question since I started using it and it can be a trend setter pretty soon man..but only very few OTC traders know about this one sadly for now
buying indicators not showing that movement up...3c like it was suppose to...but not in a healthy manner
Thanks for the kind words. Yes, there was cash involved in the transaction with the former NREG management, who have since resigned from the company.
Additional, I will host a PickleJar investor update next week. Most likely on Tuesday the 12th. I will post here the zoom invite information. You can also visit investors.picklejar.com for our latest information. i have also included here two of our announcements from last week (which were released on our website and socials, but not on NREG OTC Markets page and are to be added tomorrow just as an update.) shuffling lots of paperwork....lol. Feel free to reach our anytime.
PICKLEJAR AND FAMOUS BRANDS ANNOUNCE NEW NATIONAL SPONSORSHIP
https://picklejar.com/picklejar-and-famous-brands-announce-in-new-national-sponsorship/
PICKLEJAR PARTNERS WITH authID TO COMBINE ARTIST PAYMENTS AND TICKETING SERVICES WITH BIOMETRIC IDENTITY VERIFICATION
https://picklejar.com/picklejar-partners-with-authid-to-combine-artist-payments-and-ticketing-services-with-biometric-identity-verification/
When you say no share deal is it all cash deal? Also is there more updates expected from picklejar? App looks cool
You see OTCN show up on top...........
At least he doesn’t show up anymore while he dumps lol
Yep, gotta take that profit.
Nice to see it's holding well above 0.015 and now into the 0.02 range
There is no "share deal"...There is only the market, you and your observations. I have no idea what your reference is to "chatting," but it is clear you like to engage. So, again, i will offer you the opportunity to reach out by email or phone and give me your "two cents" - you clearly don't want to invest it.
I am, however, happy to help you get your facts straight. Wish you a wonderful weekend!
it was a share deal between you and them...how can 4 million shares hit the ask and not move the stock, and today down on a few hundred thousand....because it was all selling on the ask and the day before 1 million sell at .0165, how can a stock drop from .o23 to .012 in an hour and then get washed back up to .021 and then drop to .0165...my system and experience don't lie....i would not say shit about this, but you were chatting and i watched the tape and 1 million dump took place the they walked it up with 10 000 lots. i don't miss anything and i'm not the usual clown around here that doesn't show how to read order flow
I did nothing of the sort. These "buddies" to which you refer are neither known to me nor did I have any control over the company prior to the completion of the deal. So, there's that.
As for "who you're talking to"...I cordially invite you to reach out. I would truly enjoy the opportunity for a conversation. You really can't get anymore transparent than that. But, it's your call.
Master of nothing ugly clown lmao
imo
I don’t think you know who you’re talking to, I’m a master order flow technician and you and your NREG buddy’s dumped millions on stocks into your front load
Thx Jeff and I agree 100%. Message boards sometimes can be ‘Busch League’ like that lol. Consider the sources :)
investorrelations@picklejar.com
Feel free to reach out anytime. thanks!
If you would like to reach out to me directly, please feel free to contact me. investorrelations@picklejar.com
I am happy to discuss with anyone the facts of what happened, as i have done so in multiple calls with investors and my replies on twitter. It might be more productive than just lobbing "grenades" and unfounded insults...just sayin'
Dang, someone has QUITE the bone to pick here, LOL.
This as your brain
He’s a good trader but no regard for his fellow man might be wealthy on his death bed but will die all alone which isn’t worth all the tea in China.
Thin back keep watching $NREG
You are messing with the wrong guy, you are a lying pos
I will make sure this stock gets decimated I have the power
Here she goes dumping hard to 00s
For clarity, there was no "stunt." Any assertion to such is just not an informative statement. The outcome was not what we wanted, and it cost us more than money...it cost PickleJar moment.
He’s received share of NREG and is dumping millions about at least 10 million shares he dump in the last two days
Nobody wants it
Zero faith in picklejar after the last stunt.
Ouch dropping easy as there were no buyers yesterday’s back to penny
All that volume was the clown dumping dummy. No volume today
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