Sanarco Funds Inc (SNCF)

[splintered sunlight]

WTF!!!!

[TurboSteve18]

So you buy a shell reverse merge a company in it change the ticker symbol then just let it die out? Lol wtf

[splintered sunlight]

What do you mean?

Nothing happened here and nothing is happening here.

[kface]

What happened here?

[elmasry]

Expected no surprises today
It will happen

[splintered sunlight]

Some lost patience today....

[elmasry]

It will happen just a matter of time

[splintered sunlight]

Hopefully so!!!

[elmasry]

It is all good. Patient is the key and one day, hopefully sooner than later, the crickets will leave very fast

[splintered sunlight]

Crickets here lately....

[splintered sunlight]

I will buy if it goes down and I may buy right here as well.

[elmasry]

If it goes down I will buy more
You can’t lose one day you will be happy u did

[splintered sunlight]

After a flurry of activity, it's gotten really quite around here...

[splintered sunlight]

I'll take a look - there are a lot of stocks like this if you look for them.

[elmasry]

Check this one if you like low floater
DZGH
It had a bid of 1.56 and no ask
Never seen this before in 40 years of trading

[elmasry]

I just added few yesterday and today
Hope it works for you too

[splintered sunlight]

I hope it does for you!!!!!!!

[elmasry]

I know because i put the order at 1:98 and it executed at 1:98
Why buy it? Look at the ask
A couple of hundred shares and this thing will go to 40+

[splintered sunlight]

I hear you - at least you bought something!!!!

What made you buy it in the first place?

[buxmaker]

Damn, bid is now $3. Wish I could have bought more.

[splintered sunlight]

Gentleman start your engines.....

[splintered sunlight]

So the 100 shares print was at $1.98 at 09:49:16 but with a but has a trade code legend of z which means that it was out of sequence. Interesting

Bid now $1.25

[splintered sunlight]

Wish I did.

I like to trade stocks with wide spreads/low float/reverse split/shells - just stumbled upon this one.

Sometimes you end up with a winner - often times you do not.

Time will tell with this one.

UPDATE TO MY POST:

LOL - as soon as I post my post the bid goes to $1.2 for a 1,000 shares. This could get interesting...

Also I noticed that sometime today a 100 shares prints a $1.98 - I will check time and sales in 15 minutes.

[buxmaker]

Been watching SNCF since before the reverse split and name change. They changed their name to Sanarco Funds and their address to one in Luxembourg, but their business description is still the old online workout business from before the name change. The official web address is Sanarco.life, which is a diversified financial services company in Luxembourg.

All signs point to the fact that they intend to roll over that business into the SNCF shell. If and when that happens, this stock has the potential to make a huge move higher.

Hopefully the price action from the last few days hints that something like that is coming soon.

Bid is now $1.01 vs ask of $6. There are less than 40K share in the float, so it could really explode on some volume.

Anyone know anything?

BUX

[splintered sunlight]

I hope so - Good Luck

[elmasry]

Now the ask is 6
This might get interesting

[elmasry]

No i bought at 1.99 not 1 dollar

[splintered sunlight]

You put in an order to buy a 100 shares at 1.99 but bought them at a $1?

That's the bid!!!!!

[elmasry]

I just bought 100 shares at 1.99 but the price is still 1 dollar
Funny

[splintered sunlight]

I show $1.99 on the ask.

Any idea if anything is going on?

Thanks

[elmasry]

Higher volume today and 30 is showing on the ask

[kface]

So are they going to do anything with this ticker? Staying silent. I guess we wait.

[Due Diligence Virtuoso]

The Merger and RS just took place. Last set of Financials show the Assets of the Shell which is Nothing. Once the new company drops Fins w 2 Billion in Assets all eyes will be on it. https://www.otcmarkets.com/otcapi/company/financial-report/305470/content

Were just super early on this stock. Think months in advance IMO.

[buxmaker]

These guys need to put out some news and let the investing public know they exist. This stock should be much higher, given their assets.

[Due Diligence Virtuoso]

I am waiting for a Nasdaq uplist. Name change happened. Check out the Share Structure!! 4 Million Market cap and $2.3 Billion US in Assets.

[Renee]

Effective March 25,2022 MXMGD will change to SNCF:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[molee]

Tomorrow : https://otce.finra.org/otce/dailyList

[buxmaker]

When does MXMGD lose the "D"? I would assume we will start getting news once the D is removed.

[ANTI-BAGHOLDER]

Oh cool. We watch and wait.

And wait some more…

Lol - they have a crap ton of work to even be considered Nasdaq right now.

[Due Diligence Virtuoso]

I will defer to the Company Updates and personal contact, and not speculation based on IHUB.. Have a great day!

[ANTI-BAGHOLDER]

Do we know they are merging all assets in? Where do you see audited asset dollar amount?

When will they file their from 10 to become SEC filing?

How will that add shares to the float to move to Nasdaq? s-1?

Literally we are talking a year if not more.

[Due Diligence Virtuoso]

2 Billion in assets!!

[ANTI-BAGHOLDER]

PPS prior to split was .007. So $7 should be the break point.

With zero literally zero liquidity there is no way to trade in or out at this time.

So as I said. Bag holding for a long time.

[Due Diligence Virtuoso]

Nothing to watch. Company will not do anything while it has a "D" designation on it. Post RS that takes 30 days to come off. After that the Ticker name will change.

[Due Diligence Virtuoso]

Nothing to watch. Company will not do anything while it has a "D" designation on it. Post RS that takes 30 days to come off. After that the Ticker name will change.

[ANTI-BAGHOLDER]

Let’s watch at open…

[Due Diligence Virtuoso]

Merger just officially took place the other day. Sounds like your rushing to judgement. I Know 1 thing. You have not done research on Sanarco or its management cause if you did you would be super bullish..

[ANTI-BAGHOLDER]

Like I said. They can’t do Nasdaq for some many reasons right now.

First, not enough shares in the float
Second, not even a reporting company
Third, there is nothing (besides speculation) that shows anything with that assets coming into the shell.

Peeps that bought pre split are now stuck. With no liquidity, and a massive spread…


Watch….

[Due Diligence Virtuoso]

NASDAQ cometh.. 2.3 Billion Dollars in US Assets. I think the Offer is 25 dollars. People who bought in pre split got in at 5 bucks.. Have a nice day!

[ANTI-BAGHOLDER]

See…. No reason to rush and buy before split…. Wish peeps would just listen. Gee