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It's also interesting that no PR has come out today, only the quarterly with this information. I wonder if we'll see a PR Monday morning? Seems strange this would just drop and then silence afterwards?
Seems Another Taiwanese company is buying an US shell and runing away from the island because of potential China's invasion. Interesting... https://www.otcmarkets.com/otcapi/company/financial-report/397365/content
Thanks Aqua. We're definitely in mystery territory now, but at least we're in different hands.
I know there was speculation on here that Tad was so quiet because they weren't going to say anything until a deal was officially done. It looks like he learned from his past 3 experiences. Who knows how long this was in the making?
New Taiwanese management holds 32.4 Billion shares https://www.otcmarkets.com/otcapi/company/financial-report/397365/content
Some posts on Twitter including DDV shows this is bigger than "catering". Has import / Export checked. So they are in trade and do various potential things. Just won't know until they update.
Thank you for saving my spot here haha....man did this come out of the blue. Who is this catering company though? That's the mystery - I don't find much on them.
MSG, a couple of us have been holding down the fort here for you, lol. This is now a Caren Currier play so hold on to your knickers and wait for .005.
If they reverse, their percentage of restricted stays the same, so they still have control of most of the common shares. Generally, an RS will change all common shares (restricted and float shares). If they are smart, they would reverse the OS and AS.
But any reverse will be bad for existing shareholders.
CAN GO PARABOLIC!!!!! -LIFE CHANGER!
I wondered the same thing too. Yes, they may not want to RS their own restricted shares, but there are so many that a 1:100 would still give them a ton. I don't know how all that works with the RS - does it only affect the float? It might - they might RS the float of 8.9 bil or so, and their shares remain untouched (along with AS)
Very interesting play, but they haven't updated their share structure in a bit per OTC Markets - do you know for certain the current structure?
Nice run, Wake me up inside!
Feels like early beginnings of SPZI when I got that one in trips too and riding it to PENNIES with the crew. Gut feeling next week we go next level. This is just day 1 imo
TRUENORTH r u around man?? It's running
Too much volume for not closing over 0007
It'll run to $0.0010, and then everybody that bought at $0.0002 will place a market sell. Pushing through the $0.001's will be the hard part. At some point they will reverse split and screw all the existing shareholders (and new ones that come in today and Monday). .
I will be getting out as soon as I see a decent profit and not look back, since I don't invest in foreign companies.
You have a Market Cap of $369,000 vs
$6,494,975 in Assets and almost $8,000,000 in Annual Revenues
Liabilities only $4,600,000 with ZERO $$ in Convertible Debt due. In fact Liabilities are down almost $2,000,000 from last year $XTRM
Are they now in home building? Why did they get out of the fuel industry? (I'm assuming based off of the name). Are they working to get pink current? That seems like an interesting play. Just haven't updated share structure in awhile.
Caught 2's, great run, next is $XTRM easily.
No it's not a good sign. Run for the hills. Anyone who made 5 times has made like a bandit here. Feel bad for future bag holders.
COPPER RUN HAS STARTED!!!!!! -CHEERS!
The adjusted O/S is controlled by the new Management team. It is in the filings and it is roughly 80% of the O/S and it all restricted shares.
This is going to be an awesome play. Just bought in this morning. This is why you need to be online in chat rooms to hear of these popping up for a 4 to 5 bagger. This is a reverse merger play, and it’s now being discovered that management owns a massive percentage of the shares. I believe the shares outstanding were high so that Investors would be selling their positions over the past little while. Now it’s going to takeoff in my opinion.
Wow....think we've got something here? This is a crazy development to hit on a Friday (I guess the quarterly hit late Thursday).
I read it. The new company members hold it. Tad is no longer involved.
The 36 billion are restricted issued for the purpose of the merger. They can't trade those yet.
Oh holy cow....you're right. I can't believe I missed that. Should this be seen as a good sign?? Have you read through the quarterly? Who has these shares? Did Duffield get his hands on some in a settlement?
They added 36B restricted shares.
I'm pretty confused too - is it getting loaded or is it dilution reflected from the OS now at 44 bil? Suddenly 465 mil traded? (and I'm 15 minutes behind).
I am going to try reading through this quarterly. What's pretty shocking to me is that as of March 31, 2024, the OS was still under 9 bil - now here we are on April 12, just 12 days later, and it's over 44 billion. Wow.
That's great but the o/s is still almost 45 billion . Any other reason why this is getting loaded?
OK....what in the world is going on exactly??
Also - when did the OS go to 44 billion?? None of this is making any sense.
I see that, Hmmm, That's exciting anyways
Quarterly Report out yesterday!
https://www.otcmarkets.com/otcapi/company/financial-report/397365/content
Plpl change control after hours/ merger?. Carren currier leaded same as ILST. No more dilution.50 bill as. Bottom chart hit 0011 1 year ago
SAN GLOBAL DINING CO., LTD is a Catering and catering Management operation in Taiwan
The address they give on the filing is in Taipei Tower, which is a very large floor space with lots of companies in it. It also has a huge tuned mass damper at the top, which is pretty cool.
The way I see it is that the value of the new company is at minimum 5 Million dollars. It looks like the new managemnt bought 80% of the shares(36 billion at .0001). They paid 3.6 million dollars for those shares if not more. The new Market Cap of $4,488,903 reflects the Market value of the incoming copmany at minimum. The increase in A/S was to make the new capitalization fit the value of the new company. IMO...
This is good..
"As of April 1, 2024 – all the notes have been satisfied with the exception of $55,000 worth of the convertible notes
have been purchased by Friends with Business. This debt will be converted during the second quarter leaving the
company debt free. These transactions are reflected on the March 31, 2024 financials. "
Good to know, I have no idea who that is, but thanks
Ok, thanks, I guess we’ll find out soon enough.
It appears to be a real business coming in. And Caren Currier is a big hitter in the OTC merger game.
Hard to find. I mean the English version seems to say it's a Global company. Not sure how large. But has the capability of Import and Export.
Is it anything to get excited about, I can’t find much
Yes. There real name on the list is Sanjian Capital Co., LTD
San Global Dining Ltd? Is this what it is, down at the bottom of filing. Hmmm
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