I stand by that statement. What this looks like to me is they might be trying to grab and increase deliverable shares in case they flip this deal.

Or they might just be having insiders scoop them up because the whole point of this is for them to get rich, not us.

I would not be surprised to see this hit $0.0004, then do a 1000 for 1 roll back, tank it again, then release fantastic news thereafter.

After reading the filings there are over $3b shares unaccounted for. They are not scheduled in their Qs or K which means someone/s probably bought them open market, I'm guessing at $.0001 by researching their pps history. Typically those 3b shares would need to be wiped out before ground breaking news is released.

Just my $.02.

Great insight for a newbie. For all intents and purposes the private offering is dead. I've consulted with a few public companies and helped them with private offerings. This one is now dead as a door nail.

The CEO wouldn't buy open market. All of his shares would be limited by control block and CEO limitations. However,..friends and family could buy up the cheapies. That would have been a smart move and in my opinion is probably what's happening.

Btw, I sent you a PM to help teach you how to do DD..

I found this company from the rise on the news release. Upon doing my research I noticed a company mentioned in a filing. This company has been involved with at least a half dozen, pretty decent penny stocks so if they are involved, and I'm confident they are, this was planned and not a rookie move.

My guess is when a company does a raise at a 50% discount, and doubles the Authorized most investors and traders know the CEO just cut the value in 1/2. That creates a catastrophic sell-off.

Imo that was very dumb thing to do short term. I don't know what his long term plan is..Typically a 30% discount is the norm and Treasury shares are used. By doubling the Authorized, and selling them they just diluted the value by 1/2. Hence the 50% drop.

The shares won't immediately hit the market. The way this works is investors contact the company, or the company pitches the deal to investment firms. This is a private offering. It's not traded on the open market . (Yet)

If you want to participate the company will provide an SPA document and in most cases an "Accredited investor" document for you to fill out and return with a check or a wire.

Since this is a Reg 1-A raise one doesn't need to be Accredited. Even if you wanted to participate in a regular raise if you fill out the AI form no one questions it. It's just a statement from you.

12 months later you can contact the company for your shares. You'll need a letter from the CEO and you'll need to hire an attorney for an Opinion letter in order meet the TA's requirements for deposit.

These shares are unregistered and AHFD is not DWAC ready . Therefore no brokerage will accept the shares until either an S1 or full RegA is filed.

Once all of those hurdles are cleared, then you still have to find a brokerage to accept a sub-penny stock, paper certificate. Good luck with that. Years ago there were only two US brokerages that I knew of, Alpine or Glendale Securities. Both are gone. So in a nutshell these shares are a long, long way from hitting the market.

You are correct. I didn't notice this is a RegA offering at first. Under Reg A regular investors can participate.

For the record I dont have a position in AHFD. Just a spectator at this time. However, I do have a little experience with private offerings.

I could be wrong but I've never seen any private offering with freely tradable, unrestricted shares. Ever.

The SEC statement indicates "Will be", not "Instantly". SEC rules state restrictions from 6 months minimum to 2 years maximum if I remember correctly.

Considering AHFD is a Pink -Yield, shell status I'd bet those shares are 144 restricted for a year.

Additionally, I challenge anyone to find any brokerage to accept a Pink -Yield, Shell, Sub-penny that's not DWACable in this day and age.

I'll wait.

To clear up a few misconceptions. According to the 1-A filing this offering is for 10B shares @ $.0015 = $15m.

Any "Accredited Investor" can participate if they have a liquid net worth of $1m+. Also, in most cases those shares will be protected from a roll-back. I can't imagine any intelligent investors plunking down big dollars without roll-back protections.

The offering will be open until the $15m has been raised which typically can take a few months.

The 10B shares will not be dumped on the market immediately. They will be 144 restricted for a year, and if the CEO has 1/2 a brain they will have a leak-out clause as well.

For all intents and purposes AASP is the blank-check SPAC. I'm sure they definitely are planning to uplist to a higher exchange.

If I remember correctly I think its 20 days.

CONGRATS!!!! You've been calling this for years! Since $.03!

Wow! That's a rare event! CRAZY!!

https://www.bloomberg.com/news/articles/2021-02-09/appgate-said-to-be-valued-at-1-billion-in-newtown-lane-merger

Typically, when you see it slammed like that its a short attack. They borrow shares, dump them on the market to hopefully cause others to sell out of fear so the price drops dramatically. Then they buy them back at a cheap price from those that sold out of fear.

Unfortunately for them it looks like they could only borrow 5000 shares which hardly put a dent in AASP. I didn't really see any other selling besides the shorting so it looks like this short was a complete fail.

Do you guys see CSTI on the Offer with 2500 shares? It looks to me like the shorter, may have "Shorted against the box".

In other words he or she shorted their own shares and now are stuck trying to sell their shares to pay for the $.40 - $.50 per share loss.

I think they learned a hard lesson. Market Makers aren't going to short something with so little liquidity. Especially when there's been so much buying power for so long.
Shorting this was a very amateur move. If this goes up another 20% their margin could get called.

Who wants to bet that shorter is now on the Bid trying to buy the shares back at a loss?

That's naked shorting. Only Market Makers can naked short. Yahoo's like us have to find the shares to borrow.

Whomever shorted this didn't know what they were doing. The Ask never changed. Now this dummy is going to be at a big loss unless something changes.

Agreed. It depends on the brokerage. I'd guess you could call it in but broker assisted trades are expensive.

I just did my Etrade. However, Morgan Stanley won't let an online order go through when the pps is under $2 and even then only 20% higher than the last trade.

GME #2? Now the shorter is going to need to buy those shares back. Good luck with that.

Yep. Put in GTC sell orders at like $150 if your brokerage will let you go that high..

We just got shorted.

I'm constantly Googling "Global Acquisitions Corporation", "AASP", "Ron and John Boreta" just in case they do a deal and the target company releases information before the filing. Humans make mistakes. Otherwise just gotta wait patiently for the filing.

Right??? Look at the historical data. Only 3 red days closing since 12/14/2020. And each time rebounded green the next day. Serious buying, with no selling and no freaking shares on the float to speak of!
https://finance.yahoo.com/quote/AASP/history?p=AASP&.tsrc=fin-srch

I haven't really seen any sells at the bid. I've seen a lot filled between the spread through. Looks like MM's are doing their best to keep this from hitting scanners. That's fine by me. It's kinda nice watching her tick up organically, with no bashers or pumpers. (Yet).

Ibox updated.

The historical data looks like insiders started to load around 12/14/2020.
https://finance.yahoo.com/quote/AASP/history?p=AASP&.tsrc=fin-srch

According to my rough caculations there should only be 1,159,074 tradeable shares out there.

Anything is possible. However, to me its not likely. I do not believe it makes any sense they would transfer all of the assets out of the pubco, then bring them back in.

Also, there really isn't any need for a single bar to go public. That would be a terrible project..Maybe if they had a few already openand wanted to start a National chain. However, they would at the very least have to open the first one, and be successful, so at this point they would be many years away from a venture like that.

In addition, these are big boys. Agassi is worth upwards of $700 million. The SPEA deal started with American Idol, then added Muhammad Ali likeness, and then Graceland if my memory serves me correctly.

These aren't the type to have a flop sequel 20 years in the making. I'm betting they have something much bigger to top the SPEA project.

There is no one size fits all. However, typically they wouldn't spend the time and money to increase the authorized and change the name unless a deal is pending.

I've spent the last 5-6 years trying to put deals together like this. I'm no expert, but I've been in the trenches.
In fact I even contacted AASP many years ago to see if I could work a deal with them. They indicated back then they had their own deal in the works.

AASP must increase the authorized for two reasons. The first reason is they will need shares to sell to the target so the target can become the majority shareholder.

Once the target becomes the majority shareholder, the target will install a new corporate structure and take control of AASP.

The second reason for the increase in authorized is because once the merger is complete they will need shares to sell with a PPM in order to raise money to expand. That's the most important reason and urgency.

I was just in Vegas. It looks like the Boreta's have their hands full with a gigantic nightclub/ restaurant called Rockstar. I'm just guessing, but logically why spend money and time messing with 20 year old,AASP when their plates are already full opening up a nightclub?

I could be wrong, however logically one doesn't detail their car when they list it with Auto-Trader. They detail it when a buyer looks at it.

Normally I'd say we had a 50/50% chance of them either preparing, or if things were fastracking.

The major signal it might he going down ASAP, and is why I loaded again is,.... the buying out of nowhere over the past two weeks.

Many times buying like this on an empty shell, that not being pumped, comes from insiders, family members and friends of the principles.

The next thing we should see is a change in control. At that point it will be too late to buy because the word will be out.

SPEA went from $0.10 to $7.00+ in a day..

Cheers!

Hey Joey! Ditto! I'm in very large now! My first buy was 2013 so its been almost 8 freaking years!
According to my experience this has all of the signs it's finally coming to fruition.

My Reverse Merger Check List

1.) Dispose of Assets. v

2.) Extinguish Debt. v

Became a valuable blank-check shell with probably 90%+ deliverable to a buyer.

3.) Increase Authorized. v

4.) Name Change. v

5.) Strange 100% buying coming out of nowhere. (Insiders) v

We are here.

6.) Change in Control.

7.) Announce Merger

Yup. Looks like an SPEA carbon copy. If i remember correctly SPEA went from Pinks @ $0.10 to $7.60 in a single day. Then on to become CKE on AMEX @ $30.00. Same players, same structure. We'll see!

The new name has that Holding Company ring to it. Kind of like what SPEA turned into.

Thank you! Two things I see possibly happening. Increase the Authorized so they have the shares needed to sell to the target company. Also incease share price so it takes less shares. Watch for changes in control.

14c just filed to increase the Authorized to 500,000,000. Can't buy (Merge) with a company when you only have approximately 5m shares in the treasury. This could be the first sign of a merger. Next could be changes in control.

Wow! Brilliant deduction! I'm caught! After holding on for like 5 years I sold 500 shares ($140) by tricking someone to buy, by not saying there is news. But by jokingly stating (And I specifically stated (JUST KIDDING) I heard from someone that heard from someone, that heard from someone bla, bla, bla.

Anyone that trades on what they read on a message board is an idiot. Especially if they buy because some random dude posted "I heard" bla, bla, bla. Great detective work Sherlock! Lol!

All I know is I heard from someone, that knows someone, that heard from that person's daughter's boyfriend to watch AASP. Lol! (JK)

Coincidently a week or two later, out of the clear blue Ron transfers worthless shares of a shell to his daughter? Hmmm,....

As blank check shells go this one couldn't be any better but there are a million variables that must fit perfectly in place in order to make deals like this work.

That new Raiders Stadium in Las Vegas is coming along and its right across the street from AASP's land. My bet is its much too valuable for a putt-putt. I guess we'll see!

I've been holding for years. I'm betting on Agassi & Boreta pulling through a 2nd time. Hopefully while I'm still alive! Lol!

I hear chatter again..

My bad! It was a $37m penthouse.

https://amp.businessinsider.com/uber-founder-travis-kalanick-37-million-soho-penthouse-new-york-2019-9

The bottom line is this company is losing their ass. They have absolutely no way to profitability. No way to raise money, with cash reserves dwindling. Add in convertible notes with a very low cost basis to the tune of $5b hitting in 60 days. The only winners in this is management. The CEO just bought a $32m house with investor's money. Uber is toast for the rest of us.

Uber's nightmare has just begun!

https://www.forbes.com/sites/stephenmcbride1/2019/09/04/ubers-nightmare-has-just-started/#111b7357b7e0

$5.5 billion dollar loss last quarter. Billions & billions in debt. Convertible notes coming due shortly. No possible way to profitability. Lyft / Waymo (Google) already pilot testing autonomous Rideshare vehicles. Tesla coming out with Ridershare, autonomous vehicles in 2020 and Uber has enough cash to last about 18 months at its burn rate. I'd say Uber is walking dead.