OTC IPOs, Mergers & Other Material Events

[Big Brother]

The Cokers got some pretty hefty prison sentences, especially Jr, I guess the fraud must have been bigger than just what we observed in the stock trading, which appeared pretty minimal given the low historical volume.

https://nypost.com/2025/05/13/business/100m-new-jersey-deli-fraudster-sentenced-to-six-months-in-jail/

[Golden Cross]

$TWOH~~OTC Heat Check: About to Run HOT!!
https://www.youtube.com/watch?v=Ucf5hyYUJPE

[Mrspencers]

$CBLO BULLISH 🚀

[Mrspencers]

$CBLO is trading just above $0.01 — and history says pay attention.

Last breakout: $0.0033 to $0.18. That move wasn’t a fluke — it was built on real progress.

• 14MW Bitcoin mining facility ⛏️
• CoinEdge JV scaling into crypto lending + blockchain finance 🔗
• Strategic Cardano ($ADA) investment = forward-thinking alignment 🚀

Volume picking up. Float still thin. Momentum building quietly.
The foundation is there — the chart is coiled.

$CBLO could surprise the whole market again.

[Quintessence]

Ha ha. Understandable 😃

[jtomm]

There's also a stock with the symbol IRS. I steer clear of that one just on principle.

[Quintessence]

I'm tempted to by WTF just for the symbol, lol. It's a recent IPO on NASDAQ.

[Quintessence]

I hope we find some good ones.

[Big Brother]

Ideally, I'd like to find another shell from the MEDE/LMMY folks. Its pretty obvious they were the same people, as both used nominee CEO's from the Northern Ballet and both had pretty epic stock promotions. Those promos were arguably as good as the ones from the Awesome Penny Stocks days in the early 2010's, they just were not as well known. Back then OTC traders followed promos very closely......now they only seems to pay attention to social media pumps to quickly flip. I much prefer the higher dollar promotions, they are easier to play and reasonably safer to play as well in the shorter term.

MEDE- 6,666,000 shares o/s
LMMY- 7,777,000 shares o/s

MEDE- incorporated in WY on Feb 8th 2022
LMMY- incorporated in WY on Jan 31, 2022

MEDE- CEO
Mr. Kenneth Tindall has served as the Company’s Director, Secretary, and Treasurer since its incorporation on February 08, 2022. He is an internationally renowned and award-winning choreographer, in residence for Northern Ballet and its Artistic Director of Digital.

LMMY- CEO
Mr. Dwight Witmer has served as the Company’s Director, Secretary, and Treasurer since its incorporation on January 31, 2022. He is an internationally renowned and award-winning choreographer, in residence for Northern Ballet and its Artistic Director of Digital.

[Quintessence]

Thanks. Yeah those 3 categories are right on!

[Big Brother]

I can usually spot them by just looking at unusual volume spikes on newer issue, often accompanied with a number of PR's released in a short period of time and generally has little to no X pumpers.....these are almost always paid promo's.

Newer issue OTC stocks can pretty much be put into one of these three categories....lol...

a) trader social media pumps(X, Discord, iHub, WhatsApp, etc)
b) paid promoters
c) no volume

[Quintessence]

Interesting. Where are you seeing the promos?

[Big Brother]

I'm seeing an increase in promos, there have been quite a few recently and they have all been pretty good and all foreign companies. I don't think were going to see anything like the really big time promo era of 2011-2012 but we could see this trend continue IMO, especially if they CE's and suspensions are not too bad. However, this could really rejuvenate the OTC, injecting much needed liquidity.....and of course.... the powers that be can't let that happen, so there could be a crackdown. I hope not, as this has been pretty fun I have to say.

[Mrspencers]

$CBLO is an absolute monster in the making. Sitting at just $0.01 with a history of blasting to $0.18—now it's locked, loaded, and ready to explode.

14MW crypto mining power. CoinEdge JV locked in. Cardano ($ADA) exposure. Shell status gone. Volume rising. This is the type of setup that legends are made of.

Low float + real catalysts = rocket fuel. $CBLO isn’t just a runner... it’s a potential 10-20X moonshot. Blink and you’ll miss it.

[Big Brother]

LMMY came out of the same shell factory as MEDE and MEDE's promo was one of the biggest I've seen in ages. So I expected there was a good chance for a promo in LMMY as well. The Chinese, or folks located in any foreign country for that matter, beyond maybe Europe and even that would be very rare, don't have to worry about getting prosecuted by the SEC for promos or manipulation, like Americans could, they really only have to worry about CE's or suspension. Even if they pay a $1M for a promo, they can make their $$$ back in a day, as folks are desperate for any kind of liquidity in the OTC these days.

[strike-n-dice]

Yeah they seem to be changing it up recently due to the liquidity problems of OTC. It is nothing like FVTI/CHYI so far

Nice find with QTZM. It is said to be a promo by the same group that did BDCC for months (at least according to Yahoo Finance chat). We got a pullback this week, but it recovered. Lets see

[Big Brother]

Hmm interesting....I suspected that might be the case with LMMY but you generally don't see such low volume promo's, with no initial volume spike.

QTZM could be a promo IMO, that has more of the tell tale signs, first a big unusual volume spike on a new issue, then a green, stair stepping chart, with no pullback. That will likely see a big ole red candle at some point, sooner then later but its been a great run.

[strike-n-dice]

LMMY is a promo on Whatsapp for a few weeks now. First I saw was March 5. CAVG is too. Eyes on HWGG

[Big Brother]

OK great thanks, that's a good sign. It could just be an internal risk thing with Schwab, due to the large % of gain/loss, over such a short period of time or something.

[adijas]

No, I don't know anyone.

[bobkubecka]

Etrade accepted a buy order on LMMY

[Big Brother]

Do you know anyone who uses a broker other than Schwab, maybe Fidelity or ETrade...?? If so could you PM them and ask them to put a low .01 test bid in just to see if they can get through, pretty much everyone I know uses Schwab I believe.

[Big Brother]

It's never good to get that message 'Opening transactions for this security must be placed with a broker' after its already trading. Last time that happened to me it was AHTR in 2022, those transactions were busted 5 months after I had bought(and sold) some of them. I'm not sure what's going on and don't really want to call and find out either, jic it puts it on their radar. Perhaps their system is automated and if it sees some kind of anomaly in the trading, it adds that automatically.

There is no public info on what is DTC eligible, so you have to rely on it to be updated by the TA's at OTCM, for LMMY there is no DTC info on OTCM, that's not a good sign, as it could be a clearing problem and non-DTC eligible. I can't remember if GLED was ever on LMMY, if so, then they would have been the clearing firm and we should be OK.

IDK, its a little scary but hopefully its just a trading anomaly that they consider risky and want to tell you on the phone first before placing your order.

[adijas]

I bought some BRQL lately. Had change of control, ols ALPP board taking over https://www.otcmarkets.com/filing/html?id=18244368&guid=HiB-kqlEW9wfJth

[adijas]

Me too! Maybe was the same ticker (don't remember which one).

[Big Brother]

Better not to be some kind of clearing issue, where Schwab ends up busting all the trades, that happened to me a couple years ago in a ticker with TDA, its not fun, I lost like $5K in profits and another $5K in securities.

[adijas]

Sold my last 100 today. But weird, I use Schwab as well and was able to sell online. Think I was just in time, because after reading your message tried to set a buy order and you are right, have to call the broker.

[Big Brother]

Got close to $10 then kind of fizzled out, Schwab now blocking online transactions on it and making you phone in to a broker for some reason as well.

[adijas]

I own this for many years now. The ask is new. As youi can see OTCM is updated last month. Ik think the activity has something to do with the business desription:

In addition, the Company intends to expand its operational business and intends to locate and consummate a business combination with an entity actively engaged in business which generates additional revenues in exchange for its securities.

[Big Brother]

Was that big ASK ever there before since you have been following..?? There is definitely something going on there, probably some open market transactions in advance of a merger, or something. Would not surprise me to see the BID get whacked 40K, or the whole ASK get taken out. Wish I knew more details, the current pps is kind of borderline for me personally given the share structure, its not too bad but it would depend on the merger whether I'd pay that. Though, with that said, the recent action is interesting, I just wish it was cheaper.

[adijas]

PCMC 70k bid at .25

[adijas]

think so too, very nice move

[Big Brother]

Might see $10+ this week at this rate.

[adijas]

One I'm looking at is CAVG. I noticed the bid is going up every day since last week or so.Who knows, might be going one of these days.

CAVG at 1.14 now

[Big Brother]

Hmm.....most volume in years, WAY above normal including one trade for $19K, that's definitely something to keep an eye on. I will likely get some of that today.

[adijas]

Take a look at PCMC, Had interesting volume today. Over 200k changed hands at .2.

[Big Brother]

Yep, watching closely, I'm pretty sure that one goes at some point.

[adijas]

Dont have PM anymore, but might be go time for LMMY

[Big Brother]

Could be on some tickers for sure, if its thinly traded, has a good share structure and big spread, there is a good chance I'm bidding, have previously bid on, or thought about bidding on it. A lot of times I'll get just a handful of shares over the course of many months of bidding, often less than 1K shares, or even less than 100 shares on some, those I usually give up on eventually.

[adijas]

I noticed that too. Maybe it's just you an me having a bid war, lol. recently got filled on LGYV ans LMMY, so it happens now and than

[Big Brother]

I've actually had a hard time getting fills for the past year or so on OTC tickers and I've noticed an inordinate amount of people who will jump my bids by 1/10 of a cent literally all day long on many. I'm not even kidding, they will sit there and constantly jump my bid for hours and hours on end within seconds of me jumping them....and all my tickers are quite illiquid and will likely not do anything for ages.

So there are still people out there watching, you would think it would get easier to get fills but I have not found that to be the case at all. There is still some interest out there but the prices are too high on many tickers, way too many over priced ones. Prices need to come down and the lower floats need to get more shares in the market and trading, too many have a small % of their float at DTC.

[adijas]

I never use charts, just watch the movement, waiting for dips and then I hope it recovers, lol

And I agree about OTC. I have bids in. Had some fills lately, and now just wait..

[Big Brother]

I should start dabbling in the Big Boards as well, trading for smaller percentages but just don't feel comfortable enough with them, they seem better suited to experienced chartists, which I'm not very good at. I'm pretty much back to just hobby trading, for some extra cash, not really a full time trading anymore. Honestly, I don't see how any one could be a full time OTC trader at this point, just not enough liquidity.

Unless we get another Covid, I don't expect anything will change any time soon. There are still opportunities to make some $$$'s long term in the OTC, it's just a matter of getting in at the right price and waiting. If I can find a handful like that each year, that will have to be good enough.

[adijas]

Hi BB, saw your post on the XNDA board. Thank you for your kind words. It's much harder to make some money on OTC, I'm trying to daytrade at the big boards nowadays to make some $$. Took me some time, but I found my way of trading it now. One lesson I learned: big boards are as much crap as OTC. However, still trading on OTC too. One I'm looking at is CAVG. I noticed the bid is going up every day since last week or so.Who knows, might be going one of these days.

[yerboss]

Green Hydrogen Technology Company Pre-IPO Reg D Coming. $20M Market cap (pre-money). S-1 Filed.
www.baronypower.com

[Big Brother]

Of course, its possible he may have planned to run a big p&d post merger and it just never got that far, who knows. He's already served over 1 year in jail, I think time served is fair in this case and he should be released with perhaps an additional fine and few year ban from serving as a public company officer. Especially considering that this scam is run multiple times every year, mostly by the Chinese and they always get away with it scot-free. If people think a $100m dollar MC deli is outrageous, they haven't seen nothing, there are often muti-BILLION dollar market cap Chinese co's that are nothing but shells.

[Big Brother]

Wow..!! I've been waiting to see the outcome there, its really unbelievable given the little total volume throughout its history. No pumping or dumping, yes they were obviously manipulating it, I could see that from the initial trading on EWST but they couldn't have done more than a few thousand dollars in wash trades.

Compare that with MEDE one of the biggest pump and dumps in many years, didn't even get suspended, $23 dollars to .03 cents in a matter of days, folks behind it made millions. I cant imagine Coker made much at all in HWIN.

Compared to what we see occurring daily in the OTC, this HWIN story will go down as one of the craziest things I've ever seen, especially now that he will likely get some decent jail time and ruined his career, over something that really didn't hurt any investors, unlike so many OTC p&d's and dilution pigs.

[STOCKPICKER4LIFE]

Hi,
Hope you have been well.

Looks like they are making an example of the father and son here. The son could get 3-4 yrs in prison. Many other stock schemes were much worse than this one. Of course nothing happened to those scams that took place.

https://www.cnbc.com/2024/12/19/father-son-plead-guilty-in-100-million-new-jersey-deli-stock-scheme.html

[Quintessence]

RDAR caught my eye today. Recent RM and share cancellation. Could be crap, but took a little at .0008

[Big Brother]

Over $1 now, I guess .20 was a good price after all, never know with the Chinese ones. Easy 5 bags for someone if you could buy, Schwab of course would not let you, despite being a current SEC filer and PQE.