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Example BCII 2016. https://www.otcmarkets.com/stock/BCII/disclosure
Site F2: https://www.otcmarkets.com/filing/html?id=11598062&guid=LNywkePH2ywyvOh
Robert Stevens filed the missing reports and then corporate actions were no problem.
The previous company deregistered only one year too late 2009 and the custodianplayer Robert Stevens had to file 2016 the missing filings from 2009: https://www.otcmarkets.com/stock/BCII/disclosure
Even few months too late was a problem for Finra 7 years later.
"We have prepared the financial statements and three SEC filings for the purposes of complying with a deficiency notice from FINRA regarding a proposed corporate action for the Issuer. We believe the request by FINRA to prepare documents such as these that date beyond the statute of limitations for any public or private cause of action."
Why do you believe the more solid custodianplayers like Denunzio for example choose shells which deregistered straight after a company stopped to file? Why is it so important for him? He files also with the SEC.
I can only repeat the answer is Finra will likely reject corporate actions and nothing what you have posted describes the case if a company deregistered too late.
I have seen custodianplays in the same situation and Finra asked for the missing filings. I could post examples.
Only if Sharp can organize the missing filings from over 10 years ago he has a chance and it´s not very likely the info still exists or the previous company will help him. Or hope somehow Finra forgets to ask for it. But this is very unlikely. I have problems to understand why Sharp has chosen shells in this hopeless situation.
And obviously when you watch the RETC case he did not know that RETC cannot deregister and wanted to continue with otc market statements. Betting on someone clueless when it comes to SEC filings is not so smart.
He is the last one who will organize sec filings from 10 years ago.
No. Finra asked for the reports because GVSI deregistered too late. You see last sec filing 2008 and deregistered 2013. There is a gap and for this gap Finra needs the filings and Sharps recent filings don´t fill this gap of missing information.
And the previous management was not in contact with the prior management. Result they were not capable to file the missing reports and Finra denied corporate actions. Without corporate actions approved the stock is worthless for a potential merger.
And it´s very likely Finra will also ask Sharp for these filings from many years ago and if Sharp doesn´t have the books from many years ago he cannot file it and result will be probably again corporate actions won´t be approved.
There is no reason for "a nice try". I cannot even buy the stock.
Why do you believe Finra doesn´t need the quarterly reports from the past anymore to get a corporate action like name change or reverse split approved? You realize why Finra asked for it?
He took over dirty shells. He knew about GVSI past and Finra problems, RETC was obviously still active and filed 8k, a stock with massive convertible debt, MEIL had an active business license and another 2 stocks he tried to hijack were also active, GOFF previous management left because the shell is too dirty to get a deal done.
All these stocks were heavily frontloaded by an unknown group and then failed. The rumors about the crypto business I bet were done on purpose. A solid person would deny it, but this never crossed his mind. How does it come? Yet sheeps still follow him.
Even if GVSI will be someday current, previous management could not change the name. Who wants to do business under the name Good Vibrations Shoes Inc.? It´s very possible he never can change the name for GVSI.
Why is he even popular? Because HMBL had/has a business people liked in times market was crazy? He did not build HMBL and nothing in HMBL´s otcmarket statements justifies the hype. HMBL is not even a SEC filer.
Pure hype plays which will never result in value.
Ridiculous that these dirty shells trade at a $100m market cap and good shells with clean past + nasdaq management at not even $1m.
He had the choice to take over many clean shells but decided for the ones with dirty past, problems and bloated share structure or tried to hijack shells which are active. Of course he is to blame, no one else would try to take over these tickers!
PBYA never traded at $30. Business released 2017 when pps was $.80 because of the previous business, stock wasn´t tradable, low float, often zero volume and 2018 it was already down to .0003. It was a worthless pos stock even with $10m revenue.
Panther Biotechnology, Inc. this is the business until 2-2017, Probility Media Corp merged into this ticker 2017:
https://finance.yahoo.com/news/panther-biotechnology-inc-announces-name-163014981.html
Check the trading history:http://ih.advfn.com/stock-market/USOTC/probility-media-pk-PBYA/historical/more-historical-data
You sold a stock, TSNP that deregistered 2008 from sec filing obligation because this alternative filer never filed an 8-k? That makes sense. Lol
Probably you believe 8k means it´s solid and then everything is true and even alternative filer should file it.
I have seen many bogus 8k and if you don´t need to file it, it doesn´t make sense to file it. It´s wasting money for no reason.
Maybe PBYA wants to be a sec filer again or they like to repeat news, but expecting an 8k from a company which has no intention to file with the sec makes zero sense.
6 years ago it traded at $30? 6 years ago this company wasn´t public.
"Panther Biotechnology, Inc. until 2-2017" this is the business from 6 years ago, then 2017 Probility Media Corp merged into this ticker.
Here is the merger announcement: https://finance.yahoo.com/news/panther-biotechnology-inc-announces-name-163014981.html
It started because of the previous business around .80, had no volume, often zero volume, stock wasn´t tradable.
And 2018 it was already a low triple zero stock.
Check the trading history:http://ih.advfn.com/stock-market/USOTC/probility-media-pk-PBYA/historical/more-historical-data
There was never any interest in PBYA even with $10m revenue and most posts here are complete nonsense, not even worth to comment, complete bs I read here.
A shame that the otc listing has no liquidity. If this would be the only listing I believe it would trade higher.
I have sent management an email to info@caboverdecapital.com and it bounced back. Does anyone have the current email-addy?
Just stop this. It´s not possible to say something in this board obviously. I reacted only to this post which said the deadline is the reason for the delay and explained that the reason is not the deadline, reason is multiple incorrect statements https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165602218
Not more and not less and with describing the reason for the delay i have a discussion about nothing.
You all should relax, it´s really annoying. Where do you see creating doubts or a concern?
I only described why it takes longer and still said in the same post that the last filings are active, so i expect PBYA to be current next days. There was nothing negative in it or a concern or a try to create doubts. For me there was no topic. I only corrected a post I know is incorrect.
No change, same username since 3 years. Why do you ask?
Well I posted examples which show it can be done fast if a company files correct and there is no delay if it´s done correct. These companies took 1-2 weeks, PBYA takes already one month.
Who is responsible for the delay? The company and the attorney who did not file correct or the deadline and otcmarkets? I agree, it´s the company and attorney. Good that we have spoken about this obvious fact now multiple times.
I did not say they won´t be current. Possible it happens next days. Last statements are active. I only said otcmarkets had a problem with these statements and asked for a correction and this is the reason you see 12 inactive statements. The company did not file correct, this the reason they uploaded them multiple times and this is of course a reason for the delay.
The bs comes only from you and some people who cannot accept facts as long they are not positive. Do you need examples?
Then check MEIL, check CAPV, all filed recently and they have no inactive filings and delays. CAPV did not even take a week to be current. Where do you see inactive filings with both? How long did it take?
Again, stop to answer if you cannot discuss in a normal way. I made valid points here. Look at your tickers and show us how many filings they uploaded multiple times. How many inactive statements do they have? Show us.
Strange my stocks only needed to upload for every period one statement and it was accepted and they were current in days and there are not twelve inactive statements. Of course otcmarkets asked the company for a correction and pbya did not file correct. There is nothing to discuss about it.
It has zero to do with the deadline if otcmarkets was just not satisfied with the released statements.
You see when you click on "inactive" https://www.otcmarkets.com/stock/PBYA/disclosure
12 inactive filings.
Company uploaded the statements for the same period multiple times because otcmarkets asked for a correction.
The last statements are still active, possible it´s current next days, but it´s not normal that a company has to correct financial statements twelve times.
I see this often with ce stocks, they have hard times getting current, but not often with pink no information stocks.
Have fun with buying the dilution.
I wonder why company never includes revenue from each "relationship". I would call them customers or clients.
I think always, cool company has some big customers but what does it mean for PBYA? This part somehow company always forgets to include.
It´s like delivering pizza to Tesla but if the Pizza is so cheap it´s pretty meaningless how big or interesting the business of their clients is. This is an extreme example, of course they make more than pizza delivery, but this shows that news are only released to pump the stock.
How much dumping can we expect today?
There were many companies which offered service and had many big clients/customers but they don´t release for each company who orders the service a pr.
People are blinded by big names in news without knowing what it means. They want to give the impression company goes places, but in reality this company had always big customers. Many smaller companies have some big clients. Meaningless if it doesn´t mean a lot revenue and growth for the small business. But it sounds good. ;)
I wasted obviously a lot time to explain.
If you don´t see the difference between toxic dilution with discount and a merger play, I cannot help you.
With shells there is no dilution, TNSP share structure was 3 years unchanged, dilution happens after merger. I checked the filings: https://backend.otcmarkets.com/otcapi/company/financial-report/261158/content
You maybe noticed dumping with TSNP run up, but this comes with frontloading and because the share price was up a lot. Of course there can be insider who sell but this is not toxic dilution and as soon a stock has toxic dilution it often doesn´t work.
Frontloading + selling is different than converting notes with
often 40-60% discount.
And btw a new business is often more exciting than an existing since many years even if they have good revenue.
RXMD was once a similar play, had also 2m convertible debt, 10m revenue, but they diluted controlled. It takes a lot skills to dilute toxic debt with limited shares and to have an uptrend at the same time. PBYA doesn´t have these skills.
It´s ok if you are new, but it´s embarrassing if newbies tell people who are doing this more than 20 years they make no sense.
Reverse splits don´t scare people these days, even trillion o/s like with FPVD in combination with large reverse split did not scare people as long it´s not close.
If you cannot accept other opinions and discuss in a respectful way, don´t answer to my posts. If the stock is good posts have no influence. Thank you!
You did not understand my post, but called it ridiculous. Is this a base to discuss? I explain this now for you but this starts to cost too much time and people just cannot accept other opinions as soon they are not positive:
The company said there is no reverse split in the acquisition included. They know exactly they cannot split it now. First have to convert.
When you ask the company about general reverse split, they don´t answer. And because they talk about big board uplisting it doesn´t take a genius to know they will split the stock. Even if there is no uplisting, PBYA pre dilution had 5m outstanding shares. Not every company wants to have such a bloated stock.
O/S is now already 2.8b, after acquisition it will be 3.5b and with further dilution which is expected, notes have a discount, it´s will be around 4b.
TSNP was a merger, a completely new business in an exciting sector and they offer more than only a service. Having a product is always better than a service. TSNP merger happened in a moment the market was absolutely crazy and there was real hype and probably also a lot frontloading and manipulation like in every Sharp stock. I doubt we can compare it to boring and known PBYA with toxic dilution.
I doubt TSNP diluted during the run up. It´s completely different situation.
I had no intention to post more than my first 1-2 posts. I only wanted to share the dilution part because people posted there would be zero dilution. But as soon you post facts people try to discredit the person and then I say more. There is no agenda. I´m not interested to buy a stock which has problems to move and then tanks when they dump. They don´t do it like the good ones which are controlled and the management is clueless. This is my impression.
I wish you all luck, i prefer other stocks!
Not true, i´m a person who posts only facts.
The topic was convertible debt dilution, here 144m shares within one week and not shares which are issued for merger or acquisitions and as you know toxic debt rarely results in shareholder value. Well if I´m a newbie I wonder what the person is who asked me once for stock picks. ;)
The company tweeted an article about the stock performance hours ago.
Tells me all I need to know about this "solid company" Complete red flag! Rule never comment about share price company missed."In the past week, the ProBility Media Corp (OTCMKTS: PBYA) stock has been one of the major gainers in the market and the trend continued this past Friday as well." $PBYA #ProbilityMedia pic.twitter.com/pM1RmHQcQa
— ProBility Media (@ProBility_Media) August 23, 2021
It was in the pr that they will issue 692m restricted shares for the acquisition: https://www.otcmarkets.com/stock/PBYA/news/ProBility-Media-Corp-to-Acquire-Upstryve-Inc-the-Leader-in-Online-Tutoring-for-the-Vocational-Industry?id=315569
I guess this was your question. I edited the post.
If you meant regular dilution. They started in a massive way and when it starts that way it´s unlikely it will stop suddenly. 144m within a week is very extreme.
A link to what? And why do you post suddenly in bold and why with big letters? You don´t want that people see my posts. I fully understand.
Then those shares would be restricted but they are unrestricted. It explains the trading. For the acquisition they will issue another 692,500,000 restricted shares.
TA update on otcmarkets August 16 100m shares were issued and today August 23 update showed additional 44m shares, so it´s 144m updated within one week, but we don´t know exactly when these shares were issued.
Maximum 2 weeks I would say.
6% dilution of the outstanding shares in just 2 weeks is MASSIVE. And it just started.
Higher pps, slow dilution = less shares are needed, means more shareholder value remains. Should be in the interest of the company and long term shareholders.
But here are only traders obviously, so sure they hope they get their cheap shares and take advantage of the dumped shares.
Buying massive dilution up is not the way to do it as you should know. Company is happy to sell around .01 and subpenny level or even triple zero as we have seen in the past.
There are ways to pause dilution and to control it, but need to have the right company for it. Set up is not solid. Could not even wait until they are pink current.
They will max the share structure and the they will wipe shareholders out. Ask the company if there is a split planned in the future, they won´t answer this question. How misleading to mention this part in the pr about acquisition in the know soon it will change.
But sure this is a rare gem. Keep buying the dilution up! You will wonder how the fake interest disappears!
If you all are fine with it why did you all say there is zero dilution?
Of course if a company can control dilution they would not issue that many shares in a short time and if company expects pps much higher they would wait.
Before it´s pink current company is already busy with printing shares. Not a good sign. And 144m shares or 6% of the Outstanding Shares in just 2 weeks is indeed alot.
Don´t forget to buy the next 20m shares to keep the interest alive and some stronger bids and wash trades would also help. ;)
You bought cheap many weeks ago, but people who buy now, buy into heavy dilution. What are the odds that a company with $2m convertible debt and 150m dilution in not even 10 days will have a performing stock?
You are not a newbie, so you know exactly it´s difficult with heavy dilution to hold a certain level and to make money for people who buy higher.
We should share also the negative parts in a message board. But this part was not talked about, but it´s for new buyers the most important information. Company dilutes since pps is over .01 in a massive way.
Manipulation is something different, but maybe this creating fake interest worked. Good luck!
You noticed PBYA had already 2017-2018 $10m revenue? The stock was never something worth. The business is boring.
150m shares in 10 days is not minmal dilution, they convert in a hurry and this is a bad sign for a longer uptrend and no one posted the dilution part here. In fact people posted dilution would be over since one month. So I thought it´s important to let them know in case they did not see.
I also believe I noticed manipulation and one bigger daytrader was doing it. There was limited interest after the stock tanked back to .007 level after company dumped into the pr and then he accumulated many shares and manipulated it, also late Friday he bought this up. I see what this is.