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I have to agree. Has nothing to do with FORW. Only thing I can think is he trying to get the best company in here with cashflow. This is his last and only hope here. I’m sticking around to find out
Is that the latest excuse - why can't SRNW do anything until the FORW S-1 is deemed Effective.
"Does anyone else agree once FORW completes its S-1 process, it's clear skies here in $SRNW?"
There is no reason or rational behind. Your statement.
You are making another excuse for Sharp. Why can't SRNW do a reverse merger now?
IG
Looks to me that by his own admission he says he lied in the past.
Does anyone else agree once FORW completes its S-1 process, it's clear skies here in $SRNW?
I'm estimating 90 days minimum for any filing so July is still looking like it's the month to keep watch on if George and his team received questions on it.
That is too funny - Sharp really is a pumping clown.
It has been 3 years and still nothing. And now another excuse not a reason.
"Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business or be acquired should such a reasonable opportunity arise."
So Sharp doesn't have a company lined up for a reverse merger and no capital for an acquisition.
IG
From today's 10Q filing>>>
Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business or be acquired should such a reasonable opportunity arise.
Glad to see nothing has changed.
Still an empty shell with nothing cooking! LOL
10q is out!
$SRNW. Glad to see nothing has changed and gives me confidence that this is the shell that has the best chance period 👏 https://t.co/krwQkwIxTo
— Don Faton (@FatonDon1) May 14, 2024
A MM can't charge to file a 15c or 15c2-11 - so it won't cost Sharp $20K to file a 15c.
All 3 of the Sharp hijacked tickers don't have a 15c filed.
"A 15c will likely cost GS $20k and can do this with the deal when ready. don’t think this is too big of an issue. Yet you keep bringing it up."
I bring it up because shareholders don't understand the importance of filing a 15c.
Broker dealers (MMs) are not allowed to charge issuers for 15c211 submissions.
Why won't Sharp explain why he hasn't filed a 15c?
IG
George Sharp is missing. Hasn't been seen on his stocks in days...
OTC has cracked down significantly on shells over the last years. It is harder and harder to list shells and sell them etc. so supply went down significantly. IMO due to this hijacked shells that are cleaned up properly like GS has done with Srnw will have higher demand. A 15c will likely cost GS $20k and can do this with the deal when ready. I don’t think this is too big of an issue. Yet you keep bringing it up.
What happens when a real company does use a "hijacked shell" to go public trading? Like what is stopping it? Nothing?
And it doesn't need a 211, OTCLink quotes it and they all piggyback.
I'm not sure why you are having a problem seeing quotes. We all see L2
What is so funny is that you don't understand what that means when a hijacked shell doesn't have a 15c.
Let me explain the SEC hates hijacked or custodianship shells because they are always about insider enrichment - there has never been a hijacked shell where a real company used it to go public.
With the changes to 15c2-11 in the last two years - the dormant and Zombie tickers have been effectively shutdown. Look at all of the SSM Monopoly hijacked shells - they have all failed.
And all of the Sharp shells have failed.
IG
That has absolutely nothing to do with SRNW as eToro has a valuation of $3.5 Billion. In March 2023 they raised $250 Million in funding.
"The company is weighing an initial public offering (IPO) in either London or New York, with CEO Yoni Assia saying that a U.S. listing would give the company access to a broader range of investors."
eToro had problems going public as two SPAC deals that have fallen apart and the valuation has dropped. But certainly not enough to use a Sharp hijacked shell to become a OTC company.
"The company’s valuation has taken a nosedive since its first attempt to go public in 2021 when it agreed a $10.4 billion merger with a SPAC, which ultimately fell through."
I hope no one was serious about a reverse merger with eToro.
IG
Is Borgers going to do the financials?
eToro has a valuation of $3.5 Billion - Sharp is going to have to increase the A/S to Trillions of shares.
IG
It’s decided then. eToro to the f***ing moon
$ETORO
The news you posted is a bit older. Check out the article below. Basically SRNW is a vehicle for a *secondary listing* of common shares, not a *primary listing*. Etoro is based out of Israel and wants to list in either New York or London, per the article. They could list ADR securities on one of those markets, and do a secondary listing of commons on OTCM via SRNW.
https://www.ft.com/content/c7e4ad29-4bf8-43e3-85dd-cf35585c6ad1
What does SRNW have to offer eToro?
"An eToro merger here would be fun times. I’m thinking once the filing is completed for FORW this summer, we’ll get a PR."
I think SRNW is the only shell left for a reverse merger but I can't envision any real company using the SRNW shell to go public.
Here is something about eToro:
"As of April 30, 2024, eToro is a privately held company and not publicly traded on NYSE or NASDAQ in the U.S.. However, in March 2021, eToro announced plans to become a publicly traded company through a reverse subsidiary merger with FinTech Acquisition Corp V (NASDAQ:FTCV), a Special Purpose Acquisition Company (SPAC). The combined company would operate as eToro Group Ltd and be listed on the Nasdaq stock exchange. However, in July 2022, the two parties mutually agreed to terminate the deal after the deadline for eToro to go public under the SPAC arrangement expired on June 30, 2022."
eToro isn't going to go public on the OTC.
IG
An eToro merger here would be fun times. I’m thinking once the filing is completed for FORW this summer, we’ll get a PR.
$SRNW
You sure like following his racing. For me don’t really care but thanks for the update. If his racing is shitting the bed , maybe forces him to buckle down and get a merger done for SRNW
Thanks Surf, for the racing update.
If Sharp had wanted to build a real business he had FORW - but he went and gained Custodianship of GOFF/WNFT, SRNW and GVSI - these were about feeding the monkey of his horse Racing addiction.
You have kept everyone informed about his horse Racing. There is a IRS problem about commingling funds and I have seen many people prosecuted and sent to Federal Prison for this type of fancy accounting.
George and his ponies are not even close to last years results as of today. He would need $400,000 in purses by June 30th to match last year's pace. Looking at his upcoming races I believe he has no chance of coming close. I also note what may be desperation with running horses in $9500 claimers. Even with a couple of wins, the expenses for many of his horses are a big loss. Even with his banner year last year, he lost money on his hobby.
Of note is that he has blocked people on X from his George Sharp Racing page. Why is he hiding there also?
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https://twitter.com/GSharpRacing
Here is just a reminder. George stated years ago that 2024 would be his retirement from business year, He then reaffirmed it early this year. But then he posts things about 2025 and stating that he may stay on as an advisor or a BOD member?
One last thought. His cronies have a lot of shares in his shells which as we know are floundering. They may be pressuring George to accomplish something sooner than later!
Yes, I believe he has major issues!
Hi MrSmith18, just a fun question (np if don't want to answer) - how did you get into stock investing, and then into GS's stocks? Just curious because you seem to know a ton about a variety of investing topics. Are you a professional or is it more of a passion for you that you learned as you went along?
I said SRNW was the last chance for Sharp to do something with his shells.
I also think that Sharp has some problems besides the obvious ones - it might be a personal/family problem - Surf would be better equipped to answer if Sharp could be having financial problems with his racing business.
It seems obvious that Sharp has abandoned GVSI and WNFT.
Then there is the possibility of Sharp receiving a Wells Notice. Whatever the reason Sharp has some issues.
IG
IG
All the others are agreed except you!!
#fearmonger!!!!
Hahaha
Don Faton, IGLOW, MrSmith18 agreeing on something?! What is the world coming to!
Always hard to figure out what he is thinking for sure. Everytime I think I have him figured out well I don’t.
Glad we are in agreement SRNW is the only one ready and quite frankly if Sharp wants to retire one day this is the shell he needs to get done. And yes it’s Been years. Again time will tell. I am not putting a time line nor gonna guess what month he announces something and I’ll leave it at that.
But for shareholders sake some long term (years ) it would be nice for some updates.
I’ll wait and see.
Sharp is quiet because he is licking his wounds. He is getting his ass kicked from all directions. Even from his stable.
His ponies that ran Saturday were a disgrace.
Based on the US strong performance plus improving market conditions, it would make a lot of a sense to announce this summer and well before the US elections. My personal timeline is July.
JMHO
You don't know anything about where Sharp has been.
The facts are he has been in Kentucky. On 05/04/2024 Sharp was at Churchill Downs for 3 races where he finished 7,7,8.
Then he was in Lone Star for 2 races on 04/27/2024.
Sharp has had 79 starts in 2024.
"Smitty knows nothing about any Israeli partners. Just a figment of his imagination. George has been in Florida and New York and California looking for partners."
So you missed Kentucky and Texas - you are just spewing more pumping BS.
IG
Sharp put off filing a Form 10 until late in the first quarter of 2025 - then filed a Form 15 for WNFT. That only leaves SRNW.
But it has been 3 years so if he is going to do anything with SRNW - it should be soon.
IG
Issuing a press release about a non-binding LOI is just pumping.
The GVSI press release about not filing a Form 10 for a year was very odd. But Sharp's personality is he can never accept the blame for anything - has convinced me there are other forces at work. Which are just my thoughts and I won't share them until they are confirmed.
But there isn't anything left except SRNW - you are right he needs to do a deal then announce it.
WNFT had too much baggage - and GVSI is a disaster.
Smith made a good observation about Sharp's behavior - which is odd for Sharp but it could be personal issues.
IG
@MrSmith18 We have been preaching this for a while that the deal will come without warning.
A question I have is if the deal is connected to SoftBank - what are you expectation for timeline? Are they going to wait till Q4 with election and hope the market is strong? I think you mentioned summer previously but what is your expectation for timeline on this one?
I do agree with you. Srnw last option here for awhile. And yes he needs to put something good into it forsure. He has been very quiet on this one. Time will tell what will happen. But my personal belief if I am allowed to express one is that I do not think there will be much of a warning when he does announce. I think the days of him announcing he is going to meetings and flying around the country meeting with potential targets don’t think it will be saying that anymore and if he lands something he will come out and tweet it. Again MY opinion.
FINALLY! We agree on something!
GVSI and WNFT are back burnered at best
That is an interesting observation because in following Sharp for 10+ years he has always been very sensitive.
I believe that Sharp has given up on GVSI and WNFT.
We will see about SRNW and FORW. Instead of filing a Form 10 Sharp filed a S-1 on FORW.
The question is when will Sharp have a company lined up for SRNW - he has run out of excuses for SRNW to not move forward.
I have thought something is up with Sharp since the update about GVSI - I believe that was Sharp tapping out on GVSI.
IG
You sure have a lot of opinions.
GS's aloof state-of-mind suggests that something very big is up, so big that he doesn't feel compelled to snap back at his loyal shareholders for the many defaming tweets and comparisons with his 'arch enemy' Rosen. Normally one might have expected GS to attack back considering his rather volatile and egotistical mindset. He did send a couple of 'justification' and 'blame game' tweets early on but none since.
In my opinion he seems perfectly content with all the GS bashing, as though he knows he will soon get the 'last laugh'. That's where his Israeli partners come in and your assessment of their being plugged in with big money is spot on. Softbank is a perfect example and could very well be his path to 'retirement'.
JMHO
Volume 500 shares? Sharp can't give away his shares now. No one wants them, even at this price. Soon below .10 to try to attract buyers, but with George's attitude, investors are fleeing his nonsense.
Smitty knows nothing about any Israeli partners. Just a figment of his imagination. George has been in Florida and New York and California looking for partners.
CEO still focusing on trashing other stocks instead of working on his own, wtf
Are you addicted to GVSI and WNFT? Trashing SRNW and FORW won't make a difference. The first two tickers are dead money for years to come. The latter have a fighting chance. That's just a fact based on financials alone.
LMAO - FALSE INFO posted again Smitty. $GVSI never used Borgers. What a pile of manure...
Look more carefully Doc and you can see that all the share of SRNW always reverts back to its current close, despite several attempts to pull it down.
GVSI on the other hand is caving fast due to the accounting debacle.
They are dumping SRNW as I feel the SEC probably investigating the fraud accounting there.
The accounting review for a shell company is pretty simple and straightforward. There's nothing going on, hence the I/S and B/S are short and sweet. Had their been an irregularity, anyone of us would have caught it. ...and that didn't happen.
GVSI on the other hand is a different story for reasons we already know. It will require many more dollars than GS may be interested in investing to straighten it out with a new firm, especially when he has SRNW and FORW ready for merging.
If you own GVSI, best bail now. Already some shareholders have done so last Friday based on the inflated volume. I expect more to jump ship on Monday.
JMHO
Dear apologist for a conman:
He made the change only after they were banned in Canada. So if he saw it a mile away, why did he wait until they were banned?
For your information, tweets aren't filings.
It's what he said in the filings that matters.
And he didn't say squat ,aside from changing accounting firms. He should have warned shareholders if he saw it a mile away. Fiduciary duty.
He's done.
He changed the accounting firm to Fruci & Associates, and tweeted that he saw the issues from a mile away. So what's the problem?
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