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Welcome to the VIBI board! Checked SEC EDGAR.
Nothing showing with the SEC since its suspension.
If this is indeed the case, it might upload overnight.
If not, ignore it untii SEC comes out with something.
Not like VIBI shareholders can do anything anyway.
BTW, OTCM changed VIBI's S&C from red to grey.
No recent public updates from VIBI.
https://twitter.com/vilact_com
GLTU
Renee covered VIBI's suspension heavily on the board earlier!
Probably best to go back to May 14th and read all of his posts.
Renee knows his stuff re SEC actions, orders, grey market, etc.
I always defer to him, nodummy, Janice Shell, etc. for solid DD.
https://investorshub.advfn.com/SEC-Suspensions-&-Revocations-25334/
https://investorshub.advfn.com/DD-Support-Board-and-Research-Team-19670/
Hopefully, many were able to cash out of VIBI over past several
weeks preceding its suspension, otherwise, EOY tax loss works.
GLTU
Yes. $VIBI getting re-instated. Looks like a good sign. Just got filing:re alert!
Certificate of Reinstatement just filed??
VIBI no trade and what the hell is suspension of trading on vibi?.. Anybody know why regulatory suspension on vibi?....the hell?
I think we open at .0003/4. I’d kill to get 7s for my shares…
Anyone would be lucky to get 0007 for shares the first day...after day 1 0002-0005 is all you will get...wont be any bounce..I WILL GUARANTEE that !!
Here is the VIBI future we are looking at: Grey Sheets Trading
Should be Avoided
Grey Sheets, also spelled "Gray Sheets," and also known as the "Gray Market" is another category of OTC stocks that is completely separate from Pink Sheets and the OTCBB.
The differences are as follows . . .
Unlike other financial markets,
• No recent bid or ask quotes are available because no market makers share data or quote such stocks. There is no quoting system available to record and settle trades.
All Grey sheet trading is moderated by a broker and done between consenting individuals at a price they agree on. The only documentation that can be publicly found regarding the trades is when the last trade took place.
• No SEC registration and little SEC regulation. Regulation of Grey Sheet stocks takes place mainly on a state level. Unlike Pink Sheets, these stocks have no SEC registration to possess a stock symbol or to possess shares, or trade shares, of that stock.
• Such penny stocks, similar to Pink Sheets, are not required to file SEC (Securities and Exchange Commission) financial and business reports.
• These stocks may not be solicited or advertised to the public unless a certain number of shares are qualified to be traded publicly under 504 of Regulation D.
• Extremely Illiquid. Gray sheet trading is infrequent, and for good reason... Difficult to trade, not advertised, difficult to follow the price, the least regulation possible, hard to find any information on the stock, very small market cap, little history, and most such stocks do not yet offer public shares; so shares of such stocks are commonly privately held.
The lack of information (bids, history, financial reports) alone causes most investors to be very skeptical of Gray Sheets and avoid them altogether. Grey sheets trading is rarely made by Extraordinary Investors.
• Shares of such penny stocks are privately held and restricted from being sold publicly unless such company files a 504 of Regulation D and meets basic qualifications; for instance, have a concrete plan of operation, and a certain number of private stocks being held for at least one year, and a planned sale of shares worth no more than $1 million. The benefit of the public offering of stock is to raise capital for operations.
Gray Sheets are commonly associated with Initial public offering (IPO) stocks or start up companies or spin-off companies.
Actually most Gray Sheet stocks are not IPO's. But many are start-ups and some are spin-offs.
IPO's are new shares of stock publicly sold unofficially before they trade on any stock exchange or other financial market.
In the case of IPO's, start-ups, and spin-offs...
The idea for being listed on the Gray Sheets is most likely for seven major reasons:
• to obtain a stock symbol, transfer agent, and shareholder base without attracting attention from the general public, at least for the time being.
• to formulate, structure, and pursue a business plan and operation for future growth and success.
• to gain a history of trading, and shareholder growth, until such time that a company qualifies to offer public shares, or to be traded on the Pink Sheets, OTCBB, or one of the stock exchanges. This all depends on the goals of a company and its qualifications.
• to accumulate shares from private and public sources in preparation to meet requirements to be listed on the Pink Sheets or OTCBB.
• to get an idea of the investor reception once they are officially traded (for IPO's).
• to gain investor awareness and potential funding/financing options.
• to limit the fees and regulations associated with Pink Sheets, OTCBB or the Stock Exchanges. Many start-ups do not qualify to register to trade on the other financial markets.
In addition, the costs associated with registering can be prohibitive.
The Grey Sheets offer a start-up company the opportunity to grow so that later they may meet the qualifications and expenses to be traded on a more prestigious financial market.
Grey Sheets is also Home to delisted stocks from other markets
Some stocks on this financial market were once traded on the NASDAQ, OTCBB, or the Pink Sheets but ran into serious misfortune - usually financial - and thus failed to meet the minimum requirements of the registered SEC filings and/or stock exchange regulations for a financial market. Such stocks were delisted or removed and may begin trading on the Grey Sheets.
Besides start-up companies and delisted stocks. . .
Grey Sheet Trading: Some companies choose be listed or traded on in these sheets or remain on these sheets.
If a company chooses to be traded on these Sheets, then the shares are many times held privately by management, employees and others associated with the company. Such stock is traded privately between these stock holders. Shares of such stock are extremely illiquid.
The History of Gray Sheet Stocks in general
Obviously this type of stock usually has very little history. And finding information on such stocks is difficult if not impossible since they are not required to file such reports with SEC (The Securities and Exchange Commission).
Selling such shares of stock can be difficult and very slow for the reasons given.
So grey sheet trading generates great risk if you can trade them at all.
Those Gray Sheets stocks that do have a history must be studied carefully - if you can find the information.
Although companies with a history may have had serious past problems, they may still have novel and exciting developmental product(s) in the making that could become in high demand.
And/or the company may have pulled out of their past problems and are now productive valued companies that choose to remain on the Grey Sheets.
I am thinking though that many such companies would have been, or will likely be, targets to be merged with, or bought out by, larger companies if such super products, or patents, are actually in development that are worth their weight in gold.
Why?
Because if shares are available for public trading, such companies can be bought or controlled for a fraction of the price then if traded on a stock exchange or even the OTCBB. This deal is possible because of the low number of shares outstanding.
Risks of Grey Sheet Trading...
Grey Sheet Trading is inherently risky for the following reasons:
• If Gray Sheet stocks register to offer public shares, then you can only trade them through a broker that agrees to participate in that stock transaction. Such agreement is verbally expressed between the buyer and seller and is based on mutual good will.
If such agreement is broken by either participant before the transfer of shares occurs, there is little, if any, legal recourse to make the participant comply. Broker commissions for such transactions are far higher than for other securities - the broker's cut for services rendered.
• No way to track bids and asks and difficult to figure what the stock is actually worth.
• Very difficult to impossible to find good fundamental and technical information on these stocks.
• Such stocks mostly have very little history and may fold any time.
• Many of these stocks are likely companies in name only with little to show.
• Most of these stocks are very illiquid - difficult to buy and may be more difficult to sell.
• Management has more control over the shares.
Risks are Limited in some important areas:
The SEC has established certain regulations for Gray Sheet stocks that limit risks to investors, as follows:
• The stock may not be solicited or advertised - so pump-n-dump scams by broker, mail, fax, etc are limited.
• Grey Sheet stocks that do have a public offering of shares cannot be shorted. This is a benefit in that unreasonable plunges in share values are minimal because broker-dealers and other investors and scam artists cannot short the stocks by law.
Gray sheet stocks usually trade higher than they would when officially traded on one of the exchanges considering the size of the company, but that is mostly because so few shares exist with such low market cap - less than $1 million usually - in comparison to publicly traded companies.
?Private Companies desiring Grey Sheet status through acquiring grey sheet shell companies...
Acquiring a shell company does not require that much paper work - filing for a corporation etc., not near as much as obtaining your own legal business documentation or ticker symbol.
Be careful with grey sheet shell companies.
*Watch for hidden debt. No readily accessible financial reports are available.
*Be careful for old lawsuits pending. You purchase the shell and any problems it may have legally; thus, the legal issues may now be your problems.
*As a requirement for purchase, the shell company management may desire to retain their shares of stock in your company once you acquire their shell, which can be worth far more to them than actual cash received from a buyout or normal merger if your company truly has a significant chance for success.
*For a merger, the management may desire shares of your stock in exchange for a discount sale of their company.?
?
*if the grey sheet company is not yet qualified for public trading, and has a very small number of shares, then you still have work to do to achieve all that with the proper paperwork and obtaining the necessary qualifications to become publicly traded as mentioned on my site.
*If you can find a way to outright control a shell company that has public shares, and you gain control through purchase of the company's public shares, then you may be paying a premium for the shell far beyond its actual worth - as many investors will hold out and will not sell right away, just to see how high the price will go up first. But the savings in time and paperwork may make this worthwhile. Since so few shares exist in many grey sheet stocks, you may actually need far more than 10% ownership to take control since the management own most of the shares. As well, the grey sheet company likely has private stock besides the public stock.
Rather than explain everything regarding this topic, I direct you to a couple sites that specialize in such transactions...
?
http://venturevest.com/shellsreversemerger.html
http://www.expressipo.com/faqs.html
?Such specialist are in a far better position to advise you because they are already aware of many of the shells and their flaws and their good points.
Maybe you already viewed these sites. There are others you can view too by doing a web search.
All in all, if you can eliminate the negatives of acquiring a shell company, such as hidden debts and dealing with the shell management, or potential old lawsuits, buyout paying premium price for public shares, etc.... if the shell is clean, then you do well to acquire the shell and start work on your company far sooner.
?
Summary of Grey Sheet Trading
Grey sheet trading should be treated with the highest suspicion. Remember, Gray Sheets have the least regulation and very little history in general. They are not under any SEC disclosing requirements and are not advertised. Information is difficult to find if not impossible for such stocks, so determining the value, if any, is next to impossible. These stocks are highly illiquid.
I am not sure that a way exists to efficiently study such companies or the real value of shares - no bid and ask prices available. You could try calling the company and requesting information.
I stay away from the Grey Sheet Trading completely and do not follow them because far too much time-labor involved to find solid gray sheet stocks worth investing, and no guarantee I could even sell the shares.
Why take such risks when plenty of re-searchable quality penny stocks can be easily found on the OTCBB and Nasdaq?
Don't let online con-artists dupe you into investing in Gray Sheet stocks. Tooo risky!!!
This concludes this lesson on Grey Sheets Trading. When you are ready, please continue on to the next lesson.
https://www.extraordinaryinvestor.com/grey-sheets.html
So what price are we talking at open? How high will it bounce off of the bottom? I’m guessing .0009 open down to .0005 back to .002. Then game over?
Anyone agrees?
They gambled and lost! As most here will if/when this trades on the Grey
Not sure. More of a wait and see. Only time and the SEC will tell. Something should come out after its two week halt.
https://www.marketwatch.com/story/when-a-stock-is-delisted-do-you-lose-everything-likely-yes-says-sec-2018-10-31
Adar can dig as deep as they want? Only one person can tell them the SEC is looking at VIBI? Of course everyone knows VIBI is not current in its filings of periodic reports?
Why couldn’t the SEC forewarn investors that it was about to suspend trading in a stock?
The SEC cannot announce that it's working on a suspension. We conduct this work confidentially to maintain the effectiveness of any related investigation we may be conducting. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. The SEC is mindful of the seriousness of suspensions, and carefully considers whether it is in the public interest and for the protection of investors to order a trading suspension.
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_tradesuspensions.html
Do you do DD? I'm sure Adar does also before laying investment down....
Renee, this seems helpful as far as explanation.
Guess things depend on which exchange it's on.
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_tradesuspensions.html
OTC stocks like VIBI seem to get more scrutiny.
Just have to wait until the halt period clocks out.
The A.L.J. has no established timeline for revoking a company's stock registration(s). It can happen quickly if the company accepts revocation which could bode well for a company if they want to reregister, or it could take weeks to months and even longer if the company objects to the revocation or if the A.L.J. has any reasons for delaying the revocation.
Whenever the revocation happens there won't be any prior notice to shareholders and at that instant their shares will no longer be tradeable on any public market or public forum.
Well that would make sense. Otherwise it seems like they just threw money down the toilet right ?
Just curious , how long before the registration is revoked ?
Speculation but Adar Bay may have not have been told Gert "failed to heed a delinquency letter sent to it by the Division of Corporation Finance
requesting compliance with its periodic filing obligations."
On December 17, 2020, the Commission’s Division of Corporation
Finance (“Corporation Finance”) sent a delinquency letter to VIBI requesting compliance with
its periodic filing requirements, which was delivered.
https://www.sec.gov/litigation/suspensions/2021/34-91892-o.pdf
Absolutely, once the SEC Admin. Law Judge revokes Vilacto Bio Inc.'s stock registration the company instantly becomes a private company.....that is, if they really have business operations worth continuing when there is no longer any public stock. Without public stock most companies just close up shop because they would have to do actual work to pay their bills when there isn't any stock to pay their bills, wages, perks, etc.
Despite the assured outcomes for VIBI, that the stock registration will be revoked, shareholders will likely have ample time to liquidate their positions.
Yup ; they lost money here as well, curious what they paid for the shares
If it was .0001 it’s about 29k , prob a drop In the bucket for them
(VIBI) Holding Period for Restricted Securities
Generally, restricted securities held by non-affiliates (Adar Bay) are subject to a 6 or 12 month holding period. If the issuer is a shell or former shell company then more stringent rules apply to resales.
If the Issuer is subject to the SEC’s reporting requirements, Rule 144 provides for a 6 month holding period. Issuers should be cautious about removing legends from stock certificates representing restricted securities after only 6 months for SEC reporting issuers unless a prior or specific future public sale is contemplated. In order for the 6 month holding period to be applicable to a particular resale of shares, the company must have been subject to the SEC’s reporting requirements for a period of at least 90 days. Additionally, the issuer must have filed all SEC reports required during the preceding 12 months or such shorter period that they were required to file. If the issuer becomes delinquent in its SEC Reporting obligations, Rule 144 is unavailable or if the issuer does not have current public information available at the time of the sale, the Rule 144 holding period is increased to 12 months
https://www.securitieslawyer101.com/2014/resell-restricted-stock/
How Does Going Private Affect a Company's Shareholders?
This public-to-private transaction effectively takes the company private by de-listing its shares from a public stock exchange. While companies may be privatized for a number of reasons, this event often occurs when a company is substantially undervalued in the public market.
KEY TAKEAWAYS
With a public-to-private deal, investors buy out most of a company's outstanding shares, moving it from a public company to a private one.
The company has gone private as the buyout from the group of investors results in the company being de-listed from a public exchange.
Going from public-to-private is less common than the opposite, in which a company goes public, typically through an initial public offering (IPO).
The process of going private is easier and includes fewer steps and regulatory hurdles than the process of going public.
Typically, a company seen as undervalued in the market will opt to go private, although there can be other reasons such an action is taken.
Privatization
Taking a public company private is relatively straight forward and typically involves fewer regulatory hurdles than private-to-public transitions. Usually, a private group will tender an offer for a company's shares and stipulate the price it is willing to pay. If a majority of voting shareholders accept, the bidder pays the consenting shareholders the purchase price for every share they own.
For example, if a shareholder owns 100 shares and the buyer offers $26 per share, the shareholder receives $2,600 for relinquishing their position. This situation often favors shareholders because private bidders customarily offer a premium over the share's current market value.
Many famous public companies have gone private and de-listed their shares from a major stock exchange. This includes Dell Computers, Panera Bread, Hilton Worldwide Holdings, H.J. Heinz and Burger King. Some companies de-list to go private, only to return to the market as public companies with another IPO.
https://www.investopedia.com/ask/answers/05/publictoprivate.asp
In theory that is correct.
RB1989, maybe Renee can help with that. Check out:
https://investorshub.advfn.com/Toxic-Funders-38356/
Lots of solid information and years of experience from
those there. I know that VIBI's funders are listed there.
I read the above board and the DD Support and Fraud
Research one too...like the WSJ, Financial Times, etc.
https://investorshub.advfn.com/DD-Support-Board-and-Research-Team-19670/
Again, lots of solid DD on the above 2 boards for those
new/er to stocks. Better knowledge for better investing.
GLTU
Okay so many saying Adar might have sold their shares. Don’t the company have to be pink current in order for institutional investors to sell their shares? Correct me if I’m wrong.
Renee, VIBI could ignore things then go private, yes or no?
Isn't that the way it goes: suspension, Grey Market, gonzo!
Followed a lot of noncompliant companies with inept CEOs
over time. VIBI should go private, but leave ol' Gert behind.
Even VIBI fans know the non-compliance rests on the CEO.
Can't put the burden of SEC rules on cow cream tube fillers.
VIBI is a share-hawking scheme.
No fins...only radio silence.
Ignored SHs for years.
Best to go private.
No SEC rules.
No fins.
Nice.
Renewed patent rights, product actively being sold and Adar Bays providing financial support. Hopefully all is not lost. C'mon Gert get current!
Ouch imagine if they gave them cash for shares in exchange for VIBI becoming current.
Too bad they didn’t make it In time
Figured that, thanks.
So sounds like if invested in VIBI chances are very likely all is lost?
No , I’ve sent multiple emails since. Radio silence.
Adar Bay VIBI shares acquired should have been restricted from conversion for 6 months & you cannot convert unless current.
*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
293,042,309*
https://www.otcmarkets.com/filing/html?id=14781654&guid=ncbnUaklD0nNEth
Convertible Securities
Companies generally issue convertible securities to raise money. Companies that have access to conventional means of raising capital (such as public offerings and bank financings) might offer convertible securities for particular business reasons. Companies that may be unable to tap conventional sources of funding sometimes offer convertible securities as a way to raise money more quickly. In a conventional convertible security financing, the conversion formula is generally fixed - meaning that the convertible security converts into common stock based on a fixed price. The convertible security financing arrangements might also include caps or other provisions to limit dilution (the reduction in earnings per share and proportional ownership that occurs when, for example, holders of convertible securities convert those securities into common stock).
By contrast, in less conventional convertible security financings, the conversion ratio may be based on fluctuating market prices to determine the number of shares of common stock to be issued on conversion. A market price based conversion formula protects the holders of the convertibles against price declines, while subjecting both the company and the holders of its common stock to certain risks. Because a market price based conversion formula can lead to dramatic stock price reductions and corresponding negative effects on both the company and its shareholders, convertible security financings with market price based conversion ratios have colloquially been called "floorless", "toxic," "death spiral," and "ratchet" convertibles.
https://www.investor.gov/introduction-investing/investing-basics/glossary/convertible-securities
They would have to get current in a hurry. If their registration is revoked , they would have to go through the entire S-1 and all that jazz which takes forever.
Additionally it’s not just get current, they would need a MM to sign a Form 211 to trade again.
It can definitely happen, but it can take a while.
Nobody knows , and since they held less than 10%, we won’t know.
Years? Get real. This very easily can be trading back on the Pink Sheets. I'm not saying they will for sure get current, but they easily can, and easily be trading openly again. If the company is serious about getting current again we are looking at a couple months if they have the process already started.
You think Adar is holding their shares? Did you not see 1/3 of the float trade in one day? They rinsed this one already. Not to say it won't go up in the future, but they made their $.
Understood , however the post on VIBI board had nothing to do with that.
Early pumpers created the faked acc, and sold and left already...mostly known Ihub whales
Any follow up to the last email from Gert ? Just curious
He didn’t mention the VIBI tweet account ….
The Tweet acc is faked, it was used to pump this earlier...Gert has been gone for yrs...
The man/company has been silent for almost 2! You lost money on this it’s on the investor.
Same thing for these scams. Its six of one and a half dozen of another when its comes to the gray vs the expert market. STill no public bids/asks and matched trades only for VIBI.
Its just the OTC trying to put a positive slant on losing about half its tickers to the grey/expert market.
VIBI would have received at least two warning letters for the SEC by now. Its obvious that the management of this scam doesnt care what happens to this ticker.
Only some of the times!! Cost of conducting business for some of us!!
Play with Fire and you get Burned
I thought VIBI was rounding the corner but sadly it wasn't
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09/10/2021 08:43:23 | 12(j)Registration Revoked by SEC | 09/10/2021 08:43:00 | VIBI | Vilacto Bio Inc. Common Stock | Other OTC |
https://www.otcmarkets.com/stock/VIBI/overview
Beware: VIBI has a Grey Market Skull & Crossbones status, for non-compliance with SEC.
VIBI is not disclosing current finances or current operating status
to the SEC or to its own shareholders.
SEC Order to Show Cause:
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
VIBI - SEC SUSPENSION EFFECTIVE MAY 13, 2021
https://otce.finra.org/otce/tradingHalts
SEC CASE# 34-91891 - May 13, 2021 - Vilacto
https://www.otcmarkets.com/stock/VIBI/disclosure
https://investorshub.advfn.com/DD-Support-Board-and-Research-Team-19670/
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