Triton American Energy (TRAE)

[findit]

Like you, I have patience with this one. Just look at all the stuck shareholders of sub penny plays that have been on fire lately. These are making this a very pleasant holiday season for many.

[MWM]

I’d sell a little at a nickel. But doesn’t seem like much is available under .01.
One day we get lucky!

[findit]

Anyone can get a bit of mine for a nickel.

[MWM]

$TRAE Float is in Lockdown!

[creede]

Yep — and hey. TRAE may already be on their list. We have seen that recent spike in volume and there are not that many publicly traded companies in TX that are abandoned.

They said more are coming in TX.

[MWM]

I just tried again to reach out to Larry's wife, she won't respond...

Diamond in the rough here imo...

[creede]

Yep.

We need to seriously get in touch with these guys — by phone, email, contact form, etc.

Need to let them know...

1) The shell is completely abandoned (the CEO has passed away).
2) The SS is fantastic
3) The company was never suspended by the SEC
4) The CE Warning was applied way after the stock was abandoned and therefore should be easy to remove (it was a retail issue)

[MWM]

Put us on Everyone's radar!

[creede]

We may just have some hope here. Group of custodians targeting TX (as well as several other states).

Maybe TRAE is on their list.

In Texas we have filed a petition for HAZH (Haz Holdings, Inc.). There are several more that are in process and I am hoping to have an update on the new petitions in Texas next week. This is a new state for me to file an action so it is also unknown how things will go and if the petitions will be successful.

If not, we need to make sure they know all it!

https://www.synergymgtgroup.com/updates/update-12102020

https://www.synergymgtgroup.com/

[MWM]

The kicker here is that the owner has passed away, he personally told me on two different phone calls that he owned almost all of the shares outstanding. It's why I looked into grabbing it myself. I just don't have any idea who I would sell it too...
$TRAE

[findit]

Would not be surprised. Many sub penny stocks have been salvaged this year via custodian.

[MWM]

Well at least someone is ticking her everyday. Maybe it is our future Custodian ;)

[creede]

I hope so.

TRAE was the G2P that inspired the Grey to Pink board.

AC_CR happened first but I did not expect lightening to strike a second time. TRAE was that second time!

It's not post #1 but #2.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155008023

But if you notice, TRAE went G2P on 04/03/2020.

And the board was created on 04/14/2020.

Now we just need a custodian to pick it up so we can add it to this list.

G2P Stocks Targeted by Custodians

[MWM]

Yes for the first time in a while the action above .01 is not me, so that might be an excellent sign...

[findit]

Agree makes no sense to sell under .01. Good to see who ever is buying is not minding going to .02 or more.

[MWM]

TRAE my average is just under .01, I've been buying all the scraps, there is no reason anyone would sell in bulk under .01 imo. To me it looks like someone is trying to build a position, working the price action...

GL!

[MWM]

Volume becoming more regular. looks like some accumulation. Fingers Crossed! $TRAE

[creede]

haha — which is exactly why we cannot let this one die on the vine.

I don't think they (the SEC) have published the new rules yet. That means TRAE should have a least another 9 or 10 months before time is up — assuming I am understanding things correctly.

Of course, if a custodian takes control that gives the shell another 18 months to get current with the OTCM.

[MWM]

Looks to me like someone is trying to get some shares, little do they know we own almost all of them lol!

[creede]

Could be.

[MWM]

There were higher bids, I think that was a make believe trade.

[creede]

Somebody got a huge gift at .0001

[MWM]

Full disclosure, I have a ton of shares here. I bought some more .015's last week and that is likely the last of my buys. The chart sure is looking interesting right here. I believe I've locked up most of the float. Really hoping someone makes a play on $TRAE. I've spoke to a lawyer but I am definitely hesitant to apply for custodianship myself. Obviously would prefer an experienced player to take it over or the company to be sold.

[MWM]

$TRAE very unusual trades this morning...

[MWM]

Really thin today .025 print...

[MWM]

It’s trying. Maybe we get really lucky!

[creede]

Yep. Best volume we have seen in quite a while.

[MWM]

Weird that some hits come in at .02 and the ask then moved to .019.

Not much left down here.

Maybe someone good beats me to the custodianship! I just want a company to move back into this low float shell! That is all I ask!

[MWM]

I actually called and spoke to a lawyer this week about doing it. I might start with the letter to the former owners and management to see if they have any interest in reinstating the company.

The previous owner passed away but management might have held stakes as well...

I'd rather not do it but we'll see what happens.

I own near 5%

Thanks

[aquaspin]

Nice! How many shares do you own now? If nothing happens you should consider taking it over. I’m sure you could make a deal with the guy that took over ownership to buy his shares. I tried to take over a company once and it costs about $25k to get the filings up to date. Not bad if you own a ton of shares.

[MWM]

.02 it’s been a while! Thanks to whoever painted it!

[creede]

Bring it!

[MWM]

$TRAE someone is coming in! Custodian Coming Hopefully!

[creede]

Me and you both!

[MWM]

Well one of these days! I'd love $TRAE to be the next $TSNP $TKSI $KAVL!

[creede]

Thats right. You have been in TRAE before the CE was added.

Someone must have frontloaded it and then put out an email blast.

OTCM then puts the CE on there to warn people.

Kinda stupid they don't take it off later.

I think 10 years is more than enough time for the sellers to empty out.

LOL

[MWM]

Also the lawyers said it was actually redomiciled in Nevada, which we were totally unaware of. Nevada a very friendly state for Custodianships.

No Brainer here!

[MWM]

CE was definitly long after the company went dormant. That is why I believe it would be a very easy shell to revive. Low O/S mostly controlled by the now deceased Larry Hargrave. I reached out to his wife a few times with no response. I assume there would be no contest to the custodianship. $TRAE seems like a no brainer...

[creede]

It's only a big deal if the CE was caused by management and you cannot prove they no longer hold shares.

TRAE was never suspended. The CE was most likely attached because of retail. If they be the case then it should disappear with new ownership.

[MWM]

I know with SOLI the CE removal did not seem to be that big of a deal once everything is current as long as good actors are in place.

Looking forward to TRAE coming back to life soon...

[creede]

Somebody has to grab it before time expires (whenever that may be — 9 to 12 months from now???) or it will go grey again.

If a custodian takes it then I believe it gives the new owner/custodian 18 months to get her current.

Now I have done some research and I think it costs about $25k from start to finish.

The only caveat is the CE warning. OTCM will not review it until a new form 211 is filed.

At least that is what they told me a few months ago.

[MWM]

I'm going to look into it, see how much everything really costs. I sent a few emails to Moody's group hoping to get on their radar.

Someone should be dying to grab ahold of TRAE with this small share structure. I'd rather let a professional group run with it but if I have to I'll give it a shot...

[creede]

That would be amazing.

If you are the captain, can I be your first mate?

But don't be thinkin' I will be calling you 'Sir'.

[MWM]

I actually called a lawyer about doing it myself. I am supposed to call them back today. One of the better Vegas lawyers...

[creede]

Not I said the fly.

Sure would. Low SS and long since abandoned.

[MWM]

Someone is tapping it today, it's not me...

This will make a perfect Custodianship!

[creede]

Yep. She is super dry.

[MWM]

$TRAE I don't think there is anything left down here.

[MWM]

Looking for the right Custodian here...

50 Million O/S 15 Million Float Domiciled in Nevada

[MWM]

Nibbles...