Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, if they did it. That was the plan with OLIE and HSCO, though it was never carried out. And the ratio wasn't as dramatic.
They're probably counting on nobody doing that.
Wouldn't that essentially be a 100,000:1 reverse split? Whoa.
Why bother to convert them? I am just hoping for the bid to come back to get my money back....lol
Will we have to relinquish the common to get the preferred?
Apparently not.
The preferred? Nothing. They won't be tradable. And even if they're convertible--the notice didn't say--people who convert to commons probably won't be able to deposit their certs. Most brokers don't like to take penny stock certs anymore.
I wonder if they've misunderstood Javan King's Plan, which was somewhat different where the issuance of convertible preferred was concerned.
So they are giving away 1 preferred share per 100 K shares of common stock. Will we have to relinquish the common to get the preferred? Either way holders are screwed.
Lol. Thats funny. So what will these shares be worth?
They don't know how. Literally.
Instead of screwing around issuing worthless preferred shares, why doesn't management focus on doing something productive to increase shareholder value? How about selling a product and get some revenues? Ugh.
Sorry. Had to vent.
Yay I am going to be rich Janice.
A PR issued today by Falso is going to try to do the same thing over at ASKE also. Haven't we been through this scenario before?
Yes, although in the past, the idea was to make people exchange their commons for the convertible preferred. That doesn't seem to be the plan here, unless they accidentally got their corporate action request wrong.
What in hell was FINRA thinking?
The same exact BS that got HSC* and OLI* suspended and sent to the graveyard.
These crooks could't come up with a "new" idea if it was handed to them.....they all follow the same tired MZ scambook and he is hiding behind his daughter, what kind of sleezeball is that - why he is allowed to roam the streets let alone pinky scam tickers is beyond my comprehension.
JMO
So shareholders of commons as of March 31st are going to receive 1 restricted preferred share for every 100,000 commons. What a deal! How much are their preferred shares worth these days, 0.0001?
A PR issued today by Falso is going to try to do the same thing over at ASKE also. Haven't we been through this scenario before?
Sorry wrong board. Please forgive me.
Here we go. Seems AVLS was once controlled by Jarvis. And probably still is:
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=17684&srchyr=2010&SearchStr=Jarvis
I don't have time to look into it right now, but given the name of the company, I'll bet William White has something to do with it...
Oh lord. So Jarvis has moved on? The ticker sounds vaguely familiar.
The OTC Exchange moved to AVLS from todays PR - know anyting about them?
Damn. So many of the dreadful companies I follow got their filings in today. I can't keep up.
GRCV released their money laundering list today - wow 1 BILLION shares to the idiot Falso/////////// FOR WHAT? That lyin sac o sht ain't said or done a damn thing for this turd.
The SEC could just go from one crook to the next with the list they laid out.
JMO
It's a very bad dud, with several convicted felons involved. One of them seems to have departed, but Michael Zoyes, the other, is still very much a part of the show, with his daughter Cortney Talley fronting for him.
The L2 shows a total of 6 million shares on the ask, after .0004 there is nothing...
I think there is next to no activity with this one.
I couldn't gather any real data from my broker, does anyone know how bad of a dud this one is?
If it's any comfort, the same crew is having trouble with ASKED. They seem to have thought they could get that miserable pile up and running, so they did a reverse split less than a month ago. It's already back to triple zeros.
Janice, I'll man up and admit that you were correct. This seems to be a dud.
Let's see if there's a great big t-trade. If so, it's insiders dumping.
Of course there are way better plays out there no one said there wasnt.
who knows company really screwed shareholders here but at .0001 cant get much lower.lol
Could be, but there are better plays out there. Where would they find the money to buy a pot farm?
They made up the "OTC Exchange", so why not a marijuana operation?
As for today's volume, maybe the Zoyes Boyz are dumping as much as they can before it drops below 0.0001.
I was surprised to see 40 million in volume. I wonder what's going on here. Maybe some promo or group? Anyway I'll observe with caution. ;)
I didnt really ask for your opinion but they also didnt make a mention of NOT buying a pot farm either. I'll agree it's a pos. But its also a pos that fell hard from .01 to no bid and they did mention MJ in January so thats why i suspect peops are buying a few today.
In the recent company update, no mention was made of the pot farm they supposedly bought. That was almost certainly just more BS from them.
So I wouldn't call it a marijuana play.
.0001 vol peops may be jumping in for mj lotto
Wow. What a huge run today....lol. At least there is an ask now.
Sheesh.
Additionally Grand Capital Ventures Inc has filed a corporate action with FINRA to provide its stockholders with a dividend. While these convertible preferred securities are restricted, they are antidilutive and mitigate much of the dilution in the stock that has already happened. These securities will also form the backbone of a future registration statement, as Grand Capital Ventures seeks to become a 1940 Investment Act Company.
That worked soooo well for CDFT, OLIE, and HSCO… And the rest of the "plan" is just OLIE all over again.
NEWS OUT - http://www.otcmarkets.com/stock/GRCV/news
Let's see where this takes us now
I think you have that backwards. The ask is sellers. Why would anyone want to bid (buy) this?
$GRCV$ Now there is 15M + on the ask which are buyers and of course there are no bids because no one is selling at .0001 and why would anyone. This too shall heat up soon, JMHO
HCIT
Why are there many buys here in the last 2 wks vs sells if most people like Janice, Bilco and several others are saying GRCV is finished, down the toilet, loaded with corruption etc. etc.?
GLTA
Oh lord. They're trying again with that mess?
If you go to ASKED you will see their next shot at stealing more money, freshly reversed ready for some new imaginary business for pumpage.
I really wish they'd provide us some more entertainment...
Exactly - Zoyes is the criminal ringleader of all scams run out of Suite 209 in Sunrise.
Jarvis was almost a non-factor in this fraud....... he was just the Fluffables that allowed the dumpage of shares by the Zoyes gang.
Just my NO BID cents on this
But Jarvis doesn't actually run this show. His role was to provide the "OTC Exchange". Correnti and the Zoyes gang have control of the shell.
For what that's worth, which isn't much.
These conmen just did a RS on one of their other scams - Johnnie will soon follow IMO.
Yeah lol at all that volume! The cash they raked in from all that will surely get this off the ground. So where's the tractors? How do they plan on plowing, planting, fertilizing, and protecting this crop of weed? Last I heard or was just zoned land and no farm meaning someone's gotta do a lot of work. Even weed plants or seeds are not cheap and no you can't just use the free ones that comes in Mexican shwag weed.
Followers
|
249
|
Posters
|
|
Posts (Today)
|
3
|
Posts (Total)
|
27489
|
Created
|
05/31/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |