Tanke Biosciences Corp (TNBI)

[SkyTrader7]

Low Floater

[BigJuan]

TNBI SS 10/10/2022 NO CHANGES - Still thin as can be….

Outstanding Shares
4,912,614
10/10/2022

Restricted
2,687,529
10/10/2022

Unrestricted
2,225,085
10/10/2022

Held at DTC
1,861,743
10/10/2022

[buccaneer1961]

Ok thankyou

[WinningNoMatterWhat]

There is likely future value here but you have to wait for the market to shift and shell mergers to become popular again…

[buccaneer1961]

Rats..had my eye on this one

[buccaneer1961]

This might have hidden issues?

[cmacktrades]

Market cap is currently under $1 million at $0.20/share with accumulation still near 52-week highs. Risk/reward is impeccable here IMO. SSM wouldn't continue paying to keep the stock current with OTC Markets if they didn't intend to move forward with a merger.

[jelaco]

Agreed

[I-Glow]

On these OTC stocks especially those that are Form 15 companies or Dark - the SGA is where many things are hidden such as bonuses, company credit cards...

That is why the SGA shouldn't be a one line entry.

IG

[I-Glow]

There can't be audited financials until the company becomes a SEC filer.

That's what all of the SSM shells have tried to do but all of the SSM companies have failed.

TNBI is a empty shell where the true valuation is trips at best.

IG

[SkyTrader7]

Somebody is collecting cheapies

[SkyTrader7]

Small sells and big Buyings

[BigJuan]

TNBI awesome…. Still nice low 2 mil float :)

[learningthetruth]

Yep, Audit and R/M are now next.....

good to see!!

[SkyTrader7]

Means ready for merger now?

[learningthetruth]

Excellent, Quarterly Filing out!!

https://www.otcmarkets.com/otcapi/company/financial-report/341753/content

[jelaco]

Wow! 230k g&a expense showing for the 1st time - is that an annual thing or does he plan on taking that out every quarter?

[Diamondhands45]

Has Been for about 6 months now. So who knows

[SkyTrader7]

Smart Buyings last few days. News on horizon?

[learningthetruth]

Sounds like we are close...

https://twitter.com/doodleafricanus/status/1555192078652837888?s=20&t=wVhDMRXVzLHpCBIvy3VRfw

[WinningNoMatterWhat]

Chomp chomp chomp, somebody keeps taking bites. Let’s hope we get a good announcement soon.

[learningthetruth]

Yep, getting close per Co.......no reason why this can't see $2+

$2.1 market cap here.......big R/M will change that quickly......

https://www.otcmarkets.com/stock/TNBI/security

[WinningNoMatterWhat]

Somebody scooping up shares last few days

[learningthetruth]

Getting very close here....

Get Ready...

https://twitter.com/doodleafricanus/status/1554554584667983873?s=20&t=9qFj7x9mB3OAjPc_kyy1bw

and this.....

https://twitter.com/doodleafricanus/status/1554541716203573251?s=20&t=9qFj7x9mB3OAjPc_kyy1bw

[I-Glow]

Show me one hijacked shell that merged with a real company.

But $30 for Tanke is true pinky fantasyland - there isn't anyway that will happen.

"We can easily see north of $30 per share with any solid merger which is more than likely with a share structure of this kind."

The company doesn't have any capital/assets so why would a real company use a hijacked shell to go public - too much baggage.

IG

[I-Glow]

It is going on a year since he was put on the Prohibited Providers list - Mills was the Attorney for most of the garbage shells SSM hijacked.

And the Twitter post had nothing of value. How astute:

"Stephen Mills BLLB, and several other OTC stocks Attorney's, is currently in dispute with OTCmarkets, for stupid reasons, I guess..."

I thought Mills would be filing a Form 10 - but he will still have to register the stock.

All of the SSM shells have done very badly but I believe Mills will do much better than the others - but I feel sorry for those that bought above a dollar.

IG

[WinningNoMatterWhat]

Stephen Mills BLLB, and several other OTC stocks Attorney's, is currently in dispute with OTCmarkets, for stupid reasons, I guess...

He is still licensed by the regulatory authorities and the SEC though... So that's really WTF!!!https://t.co/2mpPQrxoSr pic.twitter.com/EYizLWoJNt

— 🧠📖MaxInvestor89🕵️ (@MaxInvestor89) August 24, 2021

[I-Glow]

Mills is Persona Non Grata with the OTCM as he is Prohibited Service Provider.

"PROHIBITED ATTORNEYS
Joel Stephen Mills 23-Aug-21"

So I wouldn't be to excited.

IG

[i_like_bb_stock]

I mean no fear of an RS sorry

[ildonaldo]

Why fear?

[learningthetruth]

Love it!!

[i_like_bb_stock]

yes

[WinningNoMatterWhat]

Pretty much figure that’s off the table anytime soon with all the 5%ers involved, low float, and the AS increase.

[i_like_bb_stock]

yes and fear of an RS with this tiny float

[WinningNoMatterWhat]

If we’re going to have wild speculations, I think a more realistic approach is that we’ll probably see the control block make up 75-85% of the outstanding shares when it’s all said and done. My guess is this is being setup to have 30-40M shares issued as a control block. It looks like about $53k or so will convert at the end of the year at no more than $.50 per share. I’m guessing those 300k share blocks were anticipated to sell for around that too and would have been arranged as adequate payment even if no major deal happened. They were issued for employment compensation and consultation and $150k/yr seems reasonable there.

So, if we end up around 40-50M total shares and with many of these OTC mergers in the $50-$150M range + some additional shares for acquisitions I’m sure, maybe a slight multiplier, low float hype, probably some initial minor share selling to generate capital, I think $3 - $4 is more realistic near future after a merger with a healthy company.

Again, all wildly speculative based on my experiences in this space recently. I’d love to hear disagreements.

[ildonaldo]

We can easily see north of $30 per share with any solid merger which is more than likely with a share structure of this kind.

[i_like_bb_stock]

2 million float, added here merger coming AS raise on 7/8 for the control block

[learningthetruth]

I’m expecting a Huge R/M here.

Been waiting patiently.

[WinningNoMatterWhat]

I don’t know about anybody else, but I like the fact this ticker has some different names associated with it other than the usual merger facilitators. Many of the mergers started last year were underwhelming.

[i_like_bb_stock]

yes

[learningthetruth]

We have been patiently waiting.....

now show some $$'s please

[i_like_bb_stock]

yep big milestone

[learningthetruth]

Awesome find BB. Wait and just about over!

[i_like_bb_stock]

AS raise 50M to 250M on NVSOS good sign making room for the control block, low floater awaiting merger

[nickjackson600]

Lol when was the last time this POS had news! Heartbreaking!

[skichic]

This shell was not “hijacked”, whatever the heck that means!

[I-Glow]

You don't seem to understand how these OTC hijacked shells. There isn't a reverse merger - they Create a new Series of Preferred shares and pass it along - just like AVVH they created a preferred share that owned 60% of the voting power - and there never was a reverse merger.

FINRA isn't granting many reverse mergers when a hijacked shell.

IG

[WinningNoMatterWhat]

Correct. Also, it removes shell companies from what became a very saturated market very quickly. Too many shells means a lot of low value deals.

[silvermintz]

Not me, but the other person you asked that question to was simply just stating that SPACs forced to dissolve from not making a timely acquisition will free up capital for those investors to possibly put towards similar investments, such as this shell or others.

[skichic]

I thought you were saying the done ones had to dissolve at some point.