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looking good here. Still holding book shares, which I did already write off last year. but it seems they are worth something in 1-3 years... good luck to all :)
Yes I agree, there is a BP in place and it’s moving forward in front of us!
Here's something that caught me by surprise
the speed that the form 3's came out, look at the time stamps .... this shows a level of professionalism at submitting documents into the SEC EDGAR HTML format
Initial Statement of Beneficial Ownership (3) • Edgar (US Regulatory) • 04/15/2022 07:52:51 PM
Initial Statement of Beneficial Ownership (3) • Edgar (US Regulatory) • 04/15/2022 07:52:13 PM
Initial Statement of Beneficial Ownership (3) • Edgar (US Regulatory) • 04/15/2022 07:51:48 PM
Initial Statement of Beneficial Ownership (3) • Edgar (US Regulatory) • 04/15/2022 07:51:36 PM
Initial Statement of Beneficial Ownership (3) • Edgar (US Regulatory) • 04/15/2022 07:51:02 PM
Current Report Filing (8-k) • Edgar (US Regulatory) • 04/14/2022 10:05:27 AM
The latest update on SEC reporting of SIGN, dated 4-15-22:
Wang Vincent-----------------------3 Million shares
Carter Yeung------------------------10 Million shares
Li Wen---------------------------------5 Million shares
Lu Yunfeng---------------------------10 Million shares
Ban Oliver Keren--------------------10 Million shares
We are amongst some savvy, highly intelligent company.
This Reverse Merger is essentially done and the new stock trading symbol should be listed at any time.
That’s for sure, I only buy the micro float / OS shells, slowly buy and bid sit. This is how I have been accumulated 6 of my micros
It does take a certain understanding of these plays. People also need to understand the difference between a shell and an orphan.. hold times for stocks for services or stock for acquisitions are either 6 months or a year.. depending if they are classed as a shell or not.
Pink Current Information
Transfer Agent Verified
Shell
Heck go spend some of those shares on buyouts boys, we got a year at this float...
Share Structure
Market Cap Market Cap
7,803,673
04/14/2022
Authorized Shares
100,000,000
04/15/2022
Outstanding Shares
20,535,982
04/15/2022
Restricted
11,691,577
04/15/2022
Unrestricted
8,844,405
04/15/2022
Held at DTC
5,007,730
04/15/2022
Looks like 5 form 3s today for 38 million common shares
https://www.otcmarkets.com/stock/SIGN/disclosure
SIGN $$$
WOW! 6 so far today. the 10 bil addition scared some away, not me they will be used for funding and partner ships. .40 cents is looking super cheep now!
So huge!!! They are moving quickly!!! We have a long term investment here!!!
see the form 3 out today
Wang Vincent
C/O GOLDEN ALLY LIFETECH GROUP, INC.
901 S MOPAC EX., BLDG. 1, SUITE 300
AUSTIN, TX 78746
Initial Statement of Beneficial Ownership (3)
Common Stock 3000000 D
selling a company is the same as selling a car, the mileage does not change with new ownership, there will be some preferred shares handed out but they have a hold period like everything else.... bottom line the float will not change, and will remain the same for 6 months (12 months if a shell.
The question that I keep raising is about what happens after the RM is completed and trading under a new symbol? How many shares will the Officers and Directors from Golden Ally hold and how many shares will the investors from Signet hold? How many total shares of the new company will there be and who will own which shares? We have to assume that there are at least 6 or 7 Officers from Golden Ally who will own shares.
One thing I did wrong with this one: I opened my mouth before I had my full position.. here I go again, bid-sitting through eternity.
let me straighten one thing out
you said:
If there are 20 Million shares outstanding and a float of 100 Million, then the Golden Ally Group will hold, and control, the other 80 Million.
outstanding( shares sold in the past) 20,535,982
restricted (shares sold by the company for services etc that have a 6 month restriction) 11,691,577
Unrestricted( shares off restriction but sitting in a drawer some-where as a paper certificate) 8,844,405
Held at DTC, (the Direct Transfer Corp holds some of those unrestricted shares from the drawer in their facility ready for sale at the owners request through his broker.) 5,007,730 04/14/2022
The float is never higher than the DTC, that is the float.
Share Structure
Market Cap Market Cap
7,803,673
04/14/2022
Authorized Shares
100,000,000
04/14/2022
Outstanding Shares
20,535,982
04/14/2022
Restricted
11,691,577
04/14/2022
Unrestricted
8,844,405
04/14/2022
Held at DTC
5,007,730
04/14/2022
Float
Not Available
Par Value
0.001
Market Value calculated only for respective security
Transfer Agent
Olde Monmouth Stock Transfer Co., Inc.
Shareholders
Not Available
Like you said The medical side will produce lotions for medical applications for Insulin, allergy testing and other drugs through the skin with their Aquoporins company. I will not sell a single share for at least 5 years. This company is destined for greatness.
Sometimes it is just better to turn off watching a good position and let it run on it's own, then your not tempted to "take an early profit".
This is one of 12 reverse merger plays I am holding, it is one of the final 12, and with $120k invested in merger plays I better have a lot of know-how to research my positions.
If there are 20 Million shares outstanding and a float of 100 Million, then the Golden Ally Group will hold, and control, the other 80 Million. So there will be no dilution. This entire group are all Mensa candidates with PhD's, Patents, Experience, Marketing, Bringing companies onto an Exchange. This is a very talented group. Benjamin Yeung is a powerful man and he is driven to produce money. He will have an Automobile manufacturing plant up and producing Concept hybrid cars in no time, with Graphene frames and Graphene batteries. Elon Musk will attempt a hostile take over for this company. The medical side will produce lotions for medical applications for Insulin, allergy testing and other drugs through the skin with their Aquoporins company. I will not sell a single share for at least 5 years. This company is destined for greatness.
That’s a very good sign. Except it also means that you can no longer accumulate shares at a lower price.
float is tight, you can't even slap the ask for 10k and get a fill.
OPEN Partial Fill
Step by step this is coming together, very nice
contained a going concern qualification.
Well yea, it's a freakin pinky shell, good catch bean-counter...
no seriously, this thing is about to ignite,
and the company has the wherewithal to concentrate where it should, the manager of the bottom line.
Effective on April 10, 2022, Salberg & Company, P.A. (“Salberg”), the prior independent registered public accounting firm of Signet International Holdings, Inc. (the “Company”) will be replaced by Ciro E. Adams, CPA, LLC, and the Board of Directors of the Company has approved such appointment. The audit by Salberg of the Company’s annual financial statements for the prior two fiscal years contained a going concern qualification. There were no disagreements between the Company and Salberg with respect to Salberg’s work as the Company’s auditors. A letter issued by Salberg is attached hereto as Exhibit 16.1.
Float 5,007,730 ......................................rocket fuel!!
Completion of Acquisition or Disposition of Assets.
On February 28, 2022, Signet International Holdings, Inc. (the “Company”),? Estate of Ernest W. Letiziano, Ms. Hope Hillabrand, and Mr. Thomas Donaldson ??(collectively, the “Controlling Shareholders”) and Golden Ally Lifetech Group Co., Ltd., a Delaware corporation (“Golden Ally”) entered into a Share Purchase and Exchange Agreement (the “SPA”). The transactions contemplated by the SPA were consummated on April 6, 2022 (the “Closing”). Immediately after the Closing, the former stockholders of Golden Ally collectively hold beneficially and of record over 99% of the total issued and outstanding equity securities and voting power of the Company. Prior to the Transactions, the former Golden Ally stockholders did not own any Company shares. For more information, see the SCHEDULE 14C and SCHEDULE 14F-1 filed by the Company on March 16, 2022.
Item 3.02 Unregistered Sales of Equity Securities.
At the Closing, the Company issued ?1 billion shares of Series A preferred stock, par value $0.00001 per share, and approximately 8.48 billion shares of common stock, par value $0.0001 per share? of the Company (the “Company Shares”) to the former stockholders of Golden Ally, and such Company Shares were issued with a restrictive legend that such shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and are subject to transfer restrictions. The issuance of the Company Shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act and Regulation S promulgated thereunder.
Item 5.01 Changes in Control of Registrant.
The information regarding the Transactions set forth in “Item 2.01 – Completion of Acquisition or Disposition of Assets” and the information set forth in “Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers” are incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Effectively upon the Closing, Alysia WolfsKeil, Esq. resigned as the sole director, the Chief Executive Officer and Chief Financial Officer of the Company. On April 6, 2022, the controlling shareholders of the Company appointed a new slate of directors of the Company (the “New Board”) and immediately thereafter, the New Board appointed certain executive officers of the Company (the “New Officers”). Additional information is contained in SCHEDULE 14C and SCHEDULE 14F-1 filed by the Company on March 16, 2022 relating to the members of the New Board and the New Officers.
I did not look at the distribution of shareholders. I wonder if they intend to sell out on the first day and be happy for a quick profit? Not me. This is my Retirement plan and Health Care coverage. I will be spending the money on nursing care in my old age.
Look at the share structure breakdown: not that many 144 shares and the float is never higher than the DTC count.
Authorized Shares........100,000,000..........04/08/2022
Outstanding Shares........20,535,982..........04/08/2022
Restricted...........11,193,177............04/08/2022
Unrestricted..........9,342,805............04/08/2022
Held at DTC............5,506,130...........04/08/2022
there's 20 mil out and 9.3 off restriction but only 5.5 plugged in to sell.
when this goes, it goes big.
Maybe you aren't aware, but there are many who are holding shares that are not retail.
Remember that this company has been around a long time. There are many shareholders and those people did not buy on the Open Market. Those who hold such Restricted shares are required to wait 12 months, once the new ticker symbol is released, before they can sell. This is what I mean by Rule 144. Those that hold the Restricted shares would be smart to just continue to hold them and trust that Benjamin Yeung will turn this new company into a multi-billion dollar enterprise.
Whoa... the only shares of SIGN that anyone can buy are retail shares, I was talking about the shares in the treasury the company holds to use for services and acquisitions, those are restricted
the retail float remains the same, only the ticker and the business plan change.
So what you are saying is that if the new stock symbol goes on the OTC exchange on May 3rd, and my cousin wants to buy 100 shares of the new stock, he cannot turn around and sell it on May 4th? I don' think that is true. Once it begins trading, anybody who buys the stock can sell it 3 minutes later if they want.
Only those investor who are Holding Restricted shares are restricted for 1 year. This includes those who received shares from Ernie and those who are original investors with Golden Ally Group.
If either of these existing investors want to ADD to their position on May3rd, then they can sell those shares any time they want because they are not restricted. I hope that helps clarify.
welll, that concept is not quite right
you said Only those who qualify for the Rule 144, will be restricted from selling.
All shares for services and all shares for purchases are restricted (under rule 144) from resale for 6 months (12 months if a shell)
Henceforth and hitherto, the share structure will remain the same for the next few months, no matter what the ticker.
It will be available for trading as soon as the new ticker symbol is released. The entire world can then buy and sell. Only those who qualify for the Rule 144, will be restricted from selling. This alone will put upward pressure on the stock price.
$SIGN - Exactly, you have NO idea what the share structure is going to be.
So, how can you say it will be $20 per share?
This is a thinly traded penny stock (for now) and the general public will never have any impact on it.
The general public has no idea what lies ahead. Either fear or uncertainty. Also knowing that the float could be 10 Billion might frighten investors away. We will just have to wait and see.
$SIGN - It's going to be "$20 per share within 3 to 5 years"?????
And, yet, nobody is buying it at $.38 per share right now?
This new entity is going to be worth Billions in about 10 years.
I have no idea where the new stock price might first open, but I suspect we will be reaching $20.00 per share within 3 to 5 years.
Gotcha.
We are just blessed this stock isn’t abandoned in the Expert Motel (Market).
Wasn’t looking too hopeful when the CEO passed away.
Now we got a shot for a great return.
BIG LAW EXPERTISE.
BOUTIQUE FIRM SERVICE.
William Robinson Eilers, Esq.
Partner
I think this is the attorney who handles Signet International.
I think the lawyer he is referring to is Letiziano's daughter.
Here is the lawyer charged with turning this company into a r/m candidate..
Signet International Holdings, Inc. Appoints Alysia Wolfskeil, Esq. as the Interim Chief Executive Officer
06/16/2021 | 12:43pm EDT
On May 21, 2021, a majority of the shareholders of Signet International Holdings, Inc. voted to appoint Alysia WolfsKeil, Esq. as the Interim Chief Executive Officer and Interim Chief Financial Officer, in order to fulfill the positions within the Company left vacant by the recent passing of Ernest W. Letiziano, the previous CEO and CFO of the Company. Ms. WolfsKeil, Esq. shall have limited powers in her positions, specifically she shall be empowered to direct all relevant services providers of the Company as they relate to any and all such filings with the SEC, gain access and be provided banking authority over any and all bank accounts or other trade accounts in the name of the Company, and enter into negotiations with potential third parties who may be considered potential acquisition targets of the Company. Ms. WolfsKeil, Esq. shall serve the shorter of a) the termination or otherwise by the shareholders or b) six months from the May 21, 2021. Alysia WolfsKeil, Esq. earned a Bachelor of Arts degree, Magna Cum Laude, from University of California, Los Angeles and a Juris Doctorate degree from St. Thomas University of Law. Ms. WolfsKeil, Esq. is a current member of the Florida and Massachusetts Bar Associations and has been licensed with the financial regulatory authority (“FINRA”) and is a certified uniform dispute resolution mediator. Ms. WolfsKeil, Esq. has an extensive business background and spent a decade in the corporate world as an executive with Allied Corporation in Palm Beach, New York, and Beverly Hills before deciding to pursue her advanced education. As an attorney, Ms. WolfsKeil, Esq. began her legal career in the office of the State Attorney 15th and 19th judicial circuits where she gained valuable trial experience and later founded Alysia WolfsKeil, P.A., a boutique law firm in West Palm Beach, Florida.
If you want to learn about this company here is your bible
https://www.otcmarkets.com/stock/SIGN/disclosure
Here is the filing announcing the r/m
Annual Report (10-k) March 31 2022 - 03:01PM
The number of shares of the Registrant’s common stock, $0.0001 par value per share, outstanding as of March 25, 2022 was 20,235,982.
On February 28, 2022, the Company,? Estate of Ernest W. Letiziano, Ms. Hope Hillabrand, and Mr. Thomas Donaldson ??(collectively, the “Controlling Shareholders”) and Golden Ally Lifetech Group Co., Ltd., a Delaware corporation (“Golden Ally”) entered into a Share Purchase and Exchange Agreement (the “SPA”).
Under the SPA, the Controlling Shareholders of the Company agreed to sell to Golden Ally their capital stock of the Company, consisting of 5,000,000 shares of Series A Convertible Super Preferred Stock (convertible into 50,000,000 common shares) and 4,474,080 common shares for $375,000? in cash.
??The SPA contains representations, warranties and covenants customary for a transaction of this nature, as well as certain indemnification obligations of the parties thereto for breaches of representations, warranties and covenants.
Thank you for answering.
look at my alias born date.. inaccurate...example??
If your can't learn you can't earn..
show me.. since you have the walk show me the talk
We are all on the same team. Let's enjoy this ride together and lets try to be helpful. This is not a competition nor a Power Struggle. Holster your weapons.
Sure, but I can only give you my perspective..
as a trader I am not worried about the raise in authorized I will not be around long enough for any of them to come into the market.
If this is a shell those treasury shares have a hold for 1 year, if not it is 6 months
right now it is an orphan company looking to reverse merge, if there are no complications it will become the new company and the share price will respond to the perceived market price of the new company.
would Golden Ally own the remaining 80 Million shares? yes
Forward timeline is unknown, I cannot second guess that part of the operation.
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