ProtoSource Corporation (PSCO)

[$on_myMind]

nice opinion here . anything below 04 should be solid

$PSCO Change of control filing today. Mr Ling Kah Chok acquired control. He is the founder and CEO of Linbaq Holdings. Possible merger candidate? This is what I found on Linbaq. 3.4 billion rm is approx 728 million US. All speculation but very interesting. pic.twitter.com/p1zQVLlgrQ

— OnceBrokeMama (@OnceBrokeMama) December 8, 2023

[LowFloatLopes]

Beautiful day here .10+ next week

[CoderTrader]

Nice! Definitely can run here with most of the shares are restricted....

[ANTI-BAGHOLDER]

Change of control here. Will be interesting to see what happens

[CoderTrader]

Yep, at least no notes on last filing and all restricted shares are held by company officers. Hoping we do get some kind of update but maybe once more people start traveling this might start to run....

[TheHungryHippo]

Hmmm.. wonder if this thing will ever get news. Hate companies that don’t talk to shareholders. Usually means they ain’t got nothing to talk about.

We shall see I guess.

[CoderTrader]

we just got one recently for 1st quarter ending March 2022 so next one would be for 2 quarter which might not come till August

[TheHungryHippo]

We should get a new filing soon I’m thinking ?

[CoderTrader]

Yep still holding, tried also and waiting for response

[TheHungryHippo]

Still holding bud ? It’s stuck here.

I tried emailing ceo but idk if I had right email.

[CoderTrader]

Haha yep it’s there. Let’s see what we get in next filing hopefully some updates

[TheHungryHippo]

What does that say? Shares in PUBLIC FLOAT: 9,860,662 as of date: February 16, 2022

Do you know the difference between O/S and Float ?

How is that not true?

Page 2 annual report.

This stock couldn't have popped to .16+ so easily on a 500 mil float if you ask me. But 9.8 mil or so, then yeah it can still run.

https://www.otcmarkets.com/otcapi/company/financial-report/320541/content

[TheHungryHippo]

Go read the annual report

[BRoberts1982]

NOT TRUE.

The information has been corrected by the Company in a posted filing.
There is 509 MILLION OS shares.
The FLOAT IS NOT published or known at this time.

From the supplemental filing.
The correct number of authorized shares of common stock should
be 1,000,000,000 shares and 509,860,662.

[TheHungryHippo]

9.8 million in the public float,
Yeah we all wish it was only 1 milly, but still not bad. If you ask me it’s a positive sign management has stepped up to address the issue.

[CoderTrader]

Yep that’s crazy

[BRoberts1982]

Looks like the OTC screwed this ticker's security details badly.
There was no 500 million reduction in OS shares.
PSCO still has 509 million OS.
Company is requesting this to be fixed....

Not seen this kind of sloppiness before....

Gonna be a bad few days coming....

[CoderTrader]

Looks like CFGN needs shares

[CoderTrader]

Its crazy, lots could have 10% of the float....

[BRoberts1982]

Float is locked by shareholders that are not selling now.
Traders are out. Flippers cannot get any.

PSCO will not move now until a decent pump happens or there is actual news from the company (one way or the other)

Likely nothing to see here until then......
Price moves without volume is unimportant.

[CoderTrader]

Nice adds…

[TheHungryHippo]

Nice comeback EOD. Glad I added .06s and .059's

[CoderTrader]

great opp to get some cheapies.....

[anotheroddity]

I think so too. Lots of volume, especially around 0.06.

[BRoberts1982]

PSCO went from .04 to .13 in two days.

Good Traders will tend live buy strict guidelines of selling into 200% 300% gains in a day. It is smart. And they would be 100% right on the call on PSCO.
Some knuckleheads will argue that people are "missing out" on a TRIP TO DA MOON.....

But these traders , if they want, can now buy more shares for less money and have plenty stuck in the bank.

We are watching Flippers now....
It will casue some big swings until news or a pump starts.

OTC stock will almost always move the same way, PSCO is NO DIFFERENT.

There is VERY LITTLE information available other than some fairly cryptic filings and update to the OTC pages.

Could be something very good, or could be the start of something really bad for shareholders.....

One thing is for sure
NO ONE ON THIS BOARD KNOWS FOR SURE...... ONE WAY OR THE OTHER .

[CoderTrader]

Yeah crazy low float here and has to be a good reason for the SS reduction

[TheHungryHippo]

True that. I’ll stick around. I liked the way it traded two days ago.

[CoderTrader]

Just waiting for some updates….

[TheHungryHippo]

So any reason why people sold off ? Or you think it was just lack of continuation above .12 ? Ran out of buyers etc...

[BRoberts1982]

Loaded.
This is bound to get very pumped soon.

[TheHungryHippo]

Well idk about you guys but I added some.

[anotheroddity]

Agreed. It's good being early.

[CoderTrader]

Just getting started….

[Deuces]

Right?!?!?!?!

[longrichard]

LOL - It gonna be timber soon.

[CoderTrader]

Shares reduced so not sure where they are dumping, usually happens when shares increases haha

[Deuces]

Settling for peanuts....

[Penny chatter]

Flipper complaining about flippers is funny

[TheHungryHippo]

Yes I think under .10 is a strong add now.

Even .14 is tempting bc if the high of day gets taken out she will blow...

[rhopton]

i'm still holding my .10's, sold my .08's yesterday though after that nice run, good luck

[TheHungryHippo]

Idk bro... I’m gonna hold this one... seems it could hit 1 dollar or more

[rhopton]

someone has a lot of shares to dump, as with most OTC's

[directmoney]

This is just the beginning we need to see the filing to see who the new owners are of this shell!

[directmoney]

There was practically zero volume! with the market makers printing saying they needed shares. This volume keeps up we will be at $1 by friday!

[CoderTrader]

Not sure what you mean looks like right before close on 7K hit the ask. Let’s see what we get tomorrow

[rhopton]

couldn't believe all those people hitting the ask at end of day and it couldn't break .134, was a good close, but should have closed higher with all those buys, in my opinion

[CoderTrader]

Nice close here!! LFG!

[CoderTrader]

Yessir looking great here

[anotheroddity]

AS was also reduced from 1B to 500M alongside the OS reduction.

[CoderTrader]

Yes we would see it in next filing since it was just updated. Will see what got canceled. No notes either here.