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volume is good, somebody bought up all those dumps
There is NO panic selling, there is only diligent selling, this is a piece of shit management, they squandered the shareholders, it is not 10:1 or 50:1 or 100: 1,
but 1000:1, this kind of R/S means, fk...d up management, this is a robbery!, worthless ps!
$SSOK those that panic sold will have sellers remorse. Should bounce back to .002-.0027 today.
No date of the rs is given so this am was unwarranted panic. just my thoughts. GL folks.
I replaced this SSOK shit with 1. SilverOne, 2.Arizona Silver, real silver miners and Strong future potentials, shareholders must punish shit management like SSOK....!
disgusting mgmt!, silver junior R/S ratio of 1000:1 is so horrible, there is something terribly wrong, silver miners are the most precious and most valued, the worst of the worst silver mines will not do what SOBs of SSOK just did, and they deserved to be punished by shareholders, this is a worthless place to put your money! Period!
shall see, im quick to leave
shall see, im quick to leave
SOBs mgmt. must be very proud of themselves for driving this huge dip.
Looks like I may need to buy more, let's see if we can close above .0015
ngl, i just tripled my holdings lol
SOBs of SSOK management must be put in jail, 1000:1 R/S, criminals looting shareholders!, selling all the ssok shit...!
It is time to accumulate, the R / S is part of a strategy so that the shorts or discovered sales can be covered, but I think they are going to go wrong! We have to muzzle the FLOAT!
LETS GO $SSOK
I am going to ride this out. RS is usually no good, but I'll wait and see
It’s holding up very well so far pre market strange as it is sometimes these run on rs news
$SSOK 1000-1 RS filing
https://www.otcmarkets.com/filing/html?id=14633754&guid=EruKUFOBnUKPz3h
Look to cut my loss and move on. These guys are sneaky sob.
Sunstock Inc. Announces Filing of 14C Information Statement for Reverse Stock Split
January 25, 2021 08:00 ET | Source: Sunstock, Inc.
SACRAMENTO, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, has filed a form 14C information statement with the Securities and Exchange Commission, providing notice to shareholders that the Company’s board of directors has approved a 1,000-for-1 reverse stock split.
Once effective, Sunstock believes it can raise significant capital needed to further increase its gold and silver assets.
“We anticipate that gold and silver will increase in value throughout 2021,” stated Sunstock CEO Jason Chang. “Our decision to effect this reverse split is based on our ability to raise the funds and take advantage of growth in the precious metals sector.”
The complete 14C filing can be seen at: https://www.otcmarkets.com/filing/html?id=14633754&guid=EruKUFOBnUKPz3h
About Sunstock Inc.:
Sunstock Inc. (OTC: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby it uses its wholesale and retail channels to sell these precious metals primarily through its own branded coins. For more information, visit the Company’s website at www.SunstockInc.com
Wouldn’t surprise me, announce r/s, the stock tanks 60%, whisper to family and friends that your going to cancel........they load up at huge discount, announce the cancellation , it runs 300% and they all bank.... easy money
Watch them go and cancel this now. Management seems to be a few beers short of a 6 pack here.
I luckily got out last week (at a loss) was worried about the RS and the dilution was increasing.
I would assume that the majority of people following this board are in this so kind of a ridiculous comment don’t you think?
1-1000 Reverse split... Hope the hell your not in this.. GL
Still leaving the AS at 5b, only 80 shareholders of record, CEO owns a ton of common stock which he bought at a discount. 600m preferred shares were converted to common last month. Should be an interesting week...smgdh.
I don't have PM , thinking of signing Up again , teh News . Dont't know much , still opening up the box.
R/S are a Not good....Only a very few come out good for shareholder..
Typical and legal exercise for micro caps to dilute, reverse, dilute and reverse. Rules allow one R/S per 12 months. More than likely see selling pressure for now and possibly another convertible note with same lenders or new one on the horizon. Wash, rinse, repeat.
Surprising the NOTE holders do not have a non R/S clause in their agreements until they liquidate.....600 million common shares recently converted from preferred shares to the (2) lenders per company PR. Not sure what amount lenders still have, but they are going to liquidate at some point to recoup money they lent the company.
Looking at ABQQ news Friday just the opposite. They paid note back with cash$ and retired 354 million common shares back to treasury that were about to be converted to the lenders to dump on the market...and no R/S announcement.
Wow, reverse split is coming next month. This is not good.
Are u sure there is a reverse split, and who is your source?
RS is rarely a good news and stock usually takes a dive. I do hope that I am wrong since I have shares.
Why do you think the CEO will dump? What is the news lately?
Does it make sense to list on the Nasdaq?
I was worried about a reverse split but 1/1000 is ridiculous.
The Friday AH R/S filing was FU us SH. Hope I am wrong, but sure was NOT SH friendly CEO. Expect a huge dump on Monday morning.
$SSOK they must have something planned here. More than meets the eye. No one does anything without a reason.
Yes, doesn't make any sense. He just gave up his preferred shares for commons and now he wants to R/S those shares. Makes no sense and there are no dates on the R/S filing as well.
The only sense I can come up with is they are trying to avoid a huge pump and dump, but my concern now is they can't avoid the dump.
Interesting set of filings yesterday. Will buy the panic if they can get this to .001-.0013 area. Jonathan Bates and Co. wouldn't be here unless they knew they are going make a ton of money. I think they have something big planned for this stock. Normally I would say a 1000-1 RS would be an apocalyptic disaster, but I think there is more going on here than meets the eye. ALL IMO
Makes no sense at all with the 13g filing they had today
For some odd reason, I wouldn’t be surprised if the r/s gets canceles
Can’t win them all, I just got in today at end of day, now that’s some shitty luck, lol
Looks like the company just shot us the FU....
So not cool on a Friday AH
Oh well
I mean shoot are they going for NASDQ listing lol, hopefully they decide to not do it.
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Source: http://www.sunstockinc.com/about
Sunstock, Inc. is a public company and is involved in the buying, selling and distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby it acquires mining assets as well as rights to purchase mining production and sells these metals primarily through retail channels including their own branded coins. The company emphasizes investment in enduring assets that we believe will provide our shareholders a ‘resource to retail’ conversion upside. Our goal is to provide our shareholders with an exceptional opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with actual mining operations. The Company is ideally positioned for scale and growth.
Sunstock, Inc. founded in 2012 is based in Sacramento, California. The Company currently operates one precious metals retail store under Mom’s Silver Shop in Sacramento, California.
The Company has plans to raise capital in order to strengthen its ability to grow Mom’s Silver Shop revenues. Revenues for 2019 were over $6.1M vs $2.8M in 2018.
The Company also plans to raise capital in order to acquire or partnership with one or more micro gold mines in order to advance it’s ground to retail philosophy of becoming a pure gold play.
The Business: Precious Metals
Mom’s Silver Shop specializes in buying and selling gold, silver, and rare coins, and is one of the leading precious metals retailers in the greater Sacramento metropolitan area. We are also partnering with Apmex to sell their inventory in our shop with an online portal available to customers.
In order to boost sales, Sunstock has determined that the inventory must be increased in order to draw in even larger investors/customers.
The Company believes that monetary policies adopted by the United States, the European Union, China and Japan may cause an increase in inflation. Gold and silver have traditionally served as a hedge against economic uncertainty and high inflation and stock market losses.
At the present time, the Company does not anticipate or foresee a material effect on this line of its business from existing or probable governmental regulations.
The Company’s strategy is to secure funding in order to allow them to secure more products on a timely basis as well as receive better price rates. This will allow us to enter the wholesale market and sell to other dealers.
We also want to begin selling wholesale to other retailers which will boost our sales by $25,000,000 per year, initially. Potentially this can reach into the $100,000,000s/per year range in just a few years.
The Business: Mining
Announcing Sunstock’s intention to become a pure gold play stock, with plans to own a complete Vertical Integration in the gold industry. The Company intends to acquire mineral rights and gold mining assets to compliment it’s already strong and growing gold distribution business. We anticipate acquisition prices in the $5,000,000 to $10,000,000 range. The mines we are considering are producing upwards of 60,000 ounces of gold per year. The cost to mine and refine this gold is anticipated at $1,000 per ounce. We will sell at spot price.
We plan to hire a designer to produce custom designs for us in gold bullion coins. These coins will be in limited quantities of 15 to 30 thousand ounces per quarter. In addition to selling these limited edition coins through our own retail operations we will also sell them through Karat Bar, which has about a 500,000 person sales force. With our prices set at spot, we anticipate brisk sales. Compare this to $25 over spot for Canadian Maples or $35 over spot for American Eagles. We foresee a profit margin of $400+ per ounce. This could net us $45 – $48 million per year in profit at today’s gold prices, and a gross revenue of $200,000,000 per year.
The whole world mines about 109.6 million ounces of gold per year. We hope to produce 1/10 of 1% of the total supply of gold in the world.
The Company is in talks to acquire or partnership with several assets that could potentially produce billions in revenue over 5-10 years. We are focused on projects that already own significant amounts of unrefined – but already mined – gold ore.
Mr. Jason Chang is the Founder, Chairman, Chief Executive Officer and Investor Relations Officer of Sunstock, Inc. Mr. Chang began his career in the hospitality industry in the family business operating several hotels throughout California. Mr. Chang has over 20 years of hospitality management experience. He has excellent communication skills, time-management skills, and overall organizational skills.
Mr. Jason Chang is a highly motivated individual who excels at whatever he does. He has been preparing and researching for this venture for the past few years. His strategic planning and execution make him well suited to lead the Company.
Dr. Ramnik Clair received his medical degree in India and immigrated to the United States in 1983. He completed his medical residency in New York and has subsequently served in his medical practice as a sole practitioner. Dr. Clair intends to assist Sunstock, Inc. in building long term relationships with his client base.
AUSTIN, Texas, Aug. 06, 2020 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (“SCV”) today announces the availability of a new interview with Sunstock, Inc. (OTC PINK: SSOK) CEO Jason Chang, who discusses the development of the Company’s business model and the increasing value of gold and silver.
The full interview can be heard at https://www.smallcapvoice.com/8-6-20-smallcapvoice-interview-sunstock-ssok
Click here for Twitter home page here
August 2020 Barchart
Find the complete chart details here
4-MOS-SEMI BREAKOUT @ 2'S MEDIUM BREAKOUT @ 3'S MAJOR BREAKOUT @ 4'S MAJOR MAJOR BREAKOUT @ 5.5'S
$SSOK RECENT DD....
11/20/2020 News....
Sunstock, Inc. Initiates Process of Uplisting to OTCQB Venture Market
http://www.globenewswire.com/news-release/2020/11/06/2121964/0/en/Sunstock-Inc-Initiates-Process-of-Uplisting-to-OTCQB-Venture-Market.html
10/26/2020 Tweet....
As we continue to grow our business model and bring forth our plan of uplisting,
we are currently in the process of engaging a PCAOB firm with experience in our sector, stay tuned for our process.
https://twitter.com/SunstockI/status/1320613524196962304?s=19
10/19/2020 News....
Sunstock, Inc. involved in the buying, selling and distribution of precious metals, today announces it has purchased 20 ounces of gold.
http://www.globenewswire.com/news-release/2020/10/19/2110582/0/en/Sunstock-Inc-Purchases-20-Ounces-of-Gold-Continues-to-Increase-Inventory.html
10/14/2020 News....
Sunstock, Inc. involved in the buying, selling and distribution of precious metals, today announces it has purchased 4,300 ounces of silver,
adding to the Company’s existing inventory.
http://www.globenewswire.com/news-release/2020/10/14/2108678/0/en/Sunstock-Inc-Purchases-4300-Ounces-of-Silver.html
08/11/2020 News....
Sunstock, Inc. announced that Company CEO Jason Chang recently stated, "Between July, 10th, 2020 and to August 10th, 2020,
the price of the silver was up over 55% and the price of gold has been up over 13% over the last 30 days.”
http://www.globenewswire.com/news-release/2020/08/11/2076500/0/en/Sunstock-Inc-CEO-Forecasts-Rapid-Growth-from-Silver-Sales.html
08/06/2020....
SmallCapVoice.com, Inc. (“SCV”) today announces the availability of a new interview with Sunstock, Inc. CEO Jason Chang,
who discusses the development of the Company’s business model and the increasing value of gold and silver.
The full interview can be heard at: https://www.smallcapvoice.com/8-6-20-smallcapvoice-interview-sunstock-ssok/.
$SSOK https://www.otcmarkets.com/stock/SSOK/disclosure
https://www.otcmarkets.com/stock/SSOK/news
https://www.otcmarkets.com/stock/SSOK/security
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