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So what? You were talking about their offering and uplist, using it as a positive example. I advised you not to.
Any interest whatsoever in actual DD? Like, say, figuring out how the preferred shareholders, whose shares convert into 87.5%, 10%, and 2.5% of what they describe as the total company equity, are going to get to that? I mean, it sure sounds as though the common stock right now has to be wiped out for that to happen. Anybody asked the CEO about how that is going to work?
https://www.otcmarkets.com/stock/UCLE/disclosure
Fruci filed
10-K, NT 10-Q by 05/16
Thank you for the detailed information.
I think we will be fine by the 15th, if not sooner.
I was commenting on Uturn33 posting. LOL 😂
https://www.otcmarkets.com/stock/MJNE/disclosure
Fruci filed:
10-K, NT 10-Q, 10-Q
All within 3 weeks in mid-May last year.
Fruci will need to file another 5 day extension for the FY 2024 Q1 10-Q on 05/15.
10-Q for FY 2024 Q1 is due within 5 calendar days.
Will they be allowed to file an extension for an upcoming filing before submitting a prior filing for which they've already filed an extension?
Then they’ll absolutely need to file the 10-KT for FY 2023 by 05/15.
Then file the 10-Q for FY 2024 Q1 by 05/20.
Most of the work for FY 2023 as of end of Oct 2023 already completed in the 8-K/A.
Just need to append two more months, Nov and Dec 2023 for the 10-KT.
Fruci has filed FY 2023 10-Ks for their two dozen+ other clients.
These are the only three still pending FY 2023 10-Ks.
Last year, they managed to get their two latest (MJNE and UCLE) filed by 05/15.
Grace Period is auto-flagged based on a fixed criteria and automatically goes away when the required filing is submitted.
No excuse to not have the 10-KT filed by now when Fruci filed an NT 10-K on 03/27 that they would get it in by the extension period ending 04/15.
Grace period should light a fire in Fruci to file the 10-KT by 05/15!
Anyone who wants an almost guaranteed return look at RDGL.
$SUUN starting with comparable growing Revenue/Net Income to ReachOut went from public listing on OTC to just uplisting on Nasdaq within a year.
$HQI $FTLF $EXPI $POWW $WFCF $CELH $MNMD $XPEL all OTC to Nasdaq.
Shift through rocks to find the gems.
That this is not being promoted is what leads one to believe this is legitimate.
Key difference is $VERB Technology has 0 revenues while ReachOut Technology has $10 M+ Revenue annual run rate and growing.
In 6 days I believe....
Tomorrow will probably provide a better entry point. not likely to go up while people sell for weekend beer money.
someone picking off some shares $10000 in last few minutes
May get back in if this hits 004s. still thin both ways.
I'm here because I believe in Kevin Harrington and that this is not like other OTC. IDK, we need to see action on the part of Rick Jordan and get this moving. Why are we waiting to change the ticker?
Offering price: $3.13 for 1 share and 1 free trading warrant.
Day before NASDAQ PPS $5.83.
Day 1 NASDAQ $2.83.
Currently $0.14
And… there was a 1-40 reverse split last year… so compared to that $5.83, it’s trading at $0.0035
I am just here for the pump that would work for me.
What was the share price the day before it uplisted to Nasdaq?
That was the typical hype of an OTC pump. It later crashed from that value, then they did a RS/offering/uplist. The stock price crashed first day on NASDAQ and now sits at 15 cents even after another RS.
$VERB / $FUSZ ran from .10 to 3.00 (30x) at one point before uplisting from OTC to Nasdaq.
You really should find another company to use as an example. That one screwed over the shareholders who held through that uplisting, and it has tanked 99% since. This one is losing money, and the holders of its preferred shares apparently hold all the marbles (ie - not the common shareholders) with the conversion features.
I figured that is what you meant, but there is always folks with little trading experience reading these boards. So the point of my post was to get you to spell out exactly what you meant by your post. I could easily see folks telling others, that they do not allow shorting of YCRM. Thanks
$VERB / $FUSZ uplisted from OTC to Nasdaq with 0 revenues in 2019 and an identical Equity Financing Agreement with a no shorting provision from Kodiak Capital.
More fundamentals-driven market today, and ReachOut has the financials to back an uplisting with institutional sponsorship and an identical Equity Financing Agreement with a no shorting provision.
ReachOut is valued at 10x P/S ratio.
At $13.7 M revenue currently, ReachOut’s valuation is $137 M.
$137 MC is ~ .40 SP
.40 with 10:1 RS will meet $4 SP minimum requirement for Nasdaq.
EXHIBIT A
FORM OF PUT NOTICE
TO: SOUTHRIDGE PARTNERS II LP
We refer to the Equity Purchase Agreement dated _______________, 2016 (the “Agreement”) entered into by CARDAX, INC. (the “Company”) and you. Capitalized terms defined in the Agreement shall, unless otherwise defined, have the same meaning when used herein.
We hereby:
1. Give you notice that we require you to purchase $_________ (the “Investment Amount”) in Put Shares;
2. Determine the Floor Price for this Put, as defined in the Agreement, to be $___________; and
3. Certify that, as of the date hereof, to the best of our knowledge, the conditions set forth in Section 7.2 of the Agreement are satisfied.
Date: _____________, 20__
CARDAX, INC.
By:
Name: David G. Watumull
Title: Chief Executive Officer
"According to the terms of the Equity Financing Agreement, neither TRILLIUM nor any affiliate of TRILLIUM acting on its behalf or pursuant to any understanding with it will execute any short sales during the term of this offering."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1624517/000182912624001952/yuenglingsice_8k.htm
"The Purchase Agreement also contains a 'no shorting' provision."
When I get some extra time, I'll have to read up on that, to see how in the world they think they can control what Brokers do with the shares they own.
That has got to be some kind of new trick?
Perhaps it's the SEC delinquent sign? Or maybe it's the shell status sign? Could be the Grace Period sign? That is 3 strikes against the company deterring buyers..... maybe it's the filings already presented? Could be they haven't changed the name and ticker? Maybe it's the revised S-1 that can cut loose those shares as of the date filed? There are many reasons not to put more money here.....not to be negative but those are facts currently. Maybe that will change within the week.
Yes and they all made deals with Aegis Capital corp. and lost 90% of their value since.This is heading in the same direction,dilution and more dilution.Never ends well for the shareholders.Good luck and good trading.
Then why is no one buying?
$VERB / $FUSZ the OTC to Nasdaq uplist filed an Equity Purchase Agreement with identical terms:
"The Purchase Agreement also contains a 'no shorting' provision."
https://finance.yahoo.com/news/nfusz-inc-fusz-files-form-221803464.html
Very rare to find a "Put Shares" Equity Financing Agreement S-1 with a no shorting provision.
https://www.sec.gov/edgar/search/#/q=%2522Put%2520Shares%2522%2520%2522will%2520execute%2520any%2520short%2520sales%2520during%2520the%2520term%2520of%2520this%2520offering.%2522&dateRange=custom&category=custom&startdt=2001-05-01&enddt=2024-05-04&forms=S-1&sort=desc
Rick doesn’t care if it would. Rick will says it’s out of our hands/control. Bull shzt.
Will ycrm go expert market in a week? The clock is running.....
Some kind of update would be nice to keep this from continuing to be walked down.
This is super tight. Can/will move huge with any significant volume. Only question is when will it come.
lol it can be to some...
In the OTC arena, one day is like a thousand years.
Well said…, because honestly I don’t believe they’ll have a chance to chase this one~ once the news is dropped like on a Friday and PR’d to move by trillium :) Thus is like the quiet before the storm imo~ best wishes to all!
This is one of my remaining ones I'm invested in as well. I've got time so I'm willing to wait it out over the next few years. While I do have a 7 figure position, I don't have a lot of $ in it because I bought in so early. If it comes to fruition, it'll be like winning the lottery for me though. I do like the fact that they are an operating business currently, has staff, generating revenue and acquiring companies in the same industry. That's why I'm here. If this Rick and his folks do the items necessary and also move to one of the big boards, it could be well worth it in time. Again I think it's going to take a few years.
It is a different beast down here!
This is the last of the OTC for me. I'm invested in one other and will no doubt take a loss. I try to follow some of the conversations on this board but I just don't know enough and don't have the time to learn. When I retired on $YCRM, I'll have more time to learn. 😆😉😜
That is me. I've been burned on the OTC too many times so I jumped out. Wish we would have held 8s but it is what it is.
Still watching this ticker and will maybe jump back in even if I have to chase...
The OTC investor is a fickled one and can be swayed easily. Hold fast :) No worries.
Totally agree!!! I'm not a fan of the fear some of the participants like to instill on the rest of us. RJ and KH won't risk their reputation.
What a shame. Pretty much a sells today
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