This one hit the radar pre-Covid. The new owner just disappeared after being awarded custodianship. Then, nobody could get ahold of him. He was linked to Indian EV’s if I remember correctly. Had a random company in Florida.

Seems like there haven’t been any real new custodianship plays in the past few years. All started during the 2020-2021 craze. Several good shells out there just sitting idle right now with no short-med term prospects.

I still don’t understand why he’d file the NT form and then miss the deadline… seems counter to the purpose.

Agree. Letting a $400k shell rot instead of letting somebody else put value into it.

Still hoping there’s some small chance they still do a NamLiong deal of some sort, even if just SkyCosmos like before.

Give him a few days. He’s unfortunately done this before. Because it’s SEC reporting, it instantly comes back once he files the document. The whole unsolicited, form 211 thing has been an issue for a few years, so that doesn’t change.

Looks to be the same story. Likely no changes. Filed last second to stay current. More waiting…

Sounds like it’s not doing what was intended…

https://www.morningstar.com/news/dow-jones/202401102935/gaming-the-feds-bank-rescue-program-cash-is-far-from-dead-median-cpi-may-be-misleading

“Borrowing from the Fed's bank term funding program has increased to new highs in recent weeks, a strange consequence of the market's flip to forecasting multiple Fed rate cuts over the coming 12 months. The rate banks pay to use the program is tied to future interest-rate expectations. Now that investors have priced in a series of rate cuts this year, banks are able to pocket the difference between what they pay to borrow the funds and what they can earn from parking the funds at the Fed as overnight deposits.”

Y’all do realize that almost every day, SPY almost always bounces a few cycles up and down… you can almost always get a couple good opportunities early in the day depending on the trend then bow out around noon for safety.

This was on the amendment document “correctly check the box on the cover page to indicate our departure from shell company status”. I think he’s trying to make sure it doesn’t come under SEC scrutiny as a foreign shell.

Maybe in a few weeks we’ll see the “Unsolicited Trades Only” warning gone from OTCM.

I didn’t see anything significant. Some of the “looking for a merger” language was removed, but that may simply be an effort to remove the shell badge and get this fully trading again. Nothing jumped out to me.

Geosolar is finally trading with buyers lining up around .01… so much for a $1 share value lol… everyone got hosed all around

Imo, what’s happening is you have about 4 or 5 folks bid sitting, but constantly trying to 1-up the other for shares, but at a minimal amount. Somebody bought up some shares at a good price and isn’t on the bid today. that in turn has now triggered fomo for any sellers that would have taken .55-.60 for their shares at year end tax selling. The other buyers are placing daily bids. When the higher GTC didn’t show up in the AM, they went back to low bids.

It doesn’t really mean anything long term. My point was there’s a few folks that seem to be trying to entice selling and are gobbling up any shares that break free.

There is some consolidation going on. The bids creep and creep to entice the ask’ers. At some point, auto orders trigger. Every time a block brakes free, it’s seems to cause a reshuffle of the standing orders. Seem to also be several folks playing the game on the bid. Interesting to watch for a ticker with no updates.

Basically, everything under $1 got cleared out. Any peep of good news will send this skyrocketing. Seems to be some demand as well. Bid creeping up.

I’d take more .21’s. None being sold.

Stalemate continues…

It has been a long wait. Longer for you than just about everyone left. That last 2500 went to good hands.

I think the OTC will just become a sea of dead tickers in the next couple years. Any legit company with some cash or demand for shares will uplist asap as the economy rebounds. Any dead ticker without complicated name/debt history will get revitalized at some point, imo.

There are a lot of wannabe legit companies in the OTC that I think tried to go public prematurely (like here) and were allowed to because shell companies were a dime a dozen, especially when companies started backing out of deals as the downswing happened. The prospects of raising capital sounded good until there was nobody wanting to buy shares on speculation far into the future with a looming recession.

So thin on the high side…. if only Hsu could generate some interest.

That’s a glitch I think. Yesterday on EM no bid/ask is normal. Today, should be normal bid/ask, as long as there are retail orders. TDA looks normal. What I don’t know is if any GTC orders got canceled when moved to EM. I executed an order this morning with no issues on TDA. However, I did not have one in prior to EM.

I think initially the timing was off. They started the deal late ‘21 when money was flowing. Hsu as CFO probably saw this as a good way to raise capital but then when valuations plummeted across the market, he likely realized they wouldn’t be able to raise what they wanted.

Now the shell probably doesn’t serve their needs. If they needed financing, probably secured it privately a year ago.

I agree. I’d like to see another change of ownership filed, not a Hsu company.

I don’t see anything really new. Still says he wants to sell the ticker. I think trying to roll in OEC to keep this a non-shell complicated things for Hsu.

It’ll be current and off EM tomorrow I bet since we’re SEC reporting. That’s what happened way back in Sept ‘21. We are already unsolicited only, so that doesn’t matter.

He’s been early by weeks previously, never really pushing the deadline. Fingers crossed.

Unfortunately, we may go limited or be considered delinquent depending on the full grace period. Hsu’s NC10 I believe mistakingly indicates he has 15 days to file the Q. In fact, he only had 5 for the Q. 15 is for the K.

I’m hoping the delay means there’s additional information to include.

Only way YOU get trips is if you still own shares. Lol.

In other news GeoSol has yet to begin public trading over a year after spinoff and offering. If you thought your spinoff shares would amount to much…60M diluted shares and bleeding cash according to filings… just bad.

At a minimum, Hsu performed a transfer of his own company at .50/share. I would assume he expects a healthy return and has positioned himself not to lose anything.

.21’s

I’ve soaked some up as well to lower my average. I already own a large portion of the float.

That’s the way I look at it. Can’t blame people for selling, market is hot and this is dragging out.

This ticker is a great setup with inherent value if Hsu could put it to work.

Another big holder sold out. Ticker is still a good setup if Hsu can put a deal together.

Lol …at this rate, won’t take long to sell those millions of shares

Unfortunately. We’re not going anywhere until we get a profitable business in here. Only folks tired of waiting.

All eyes on Hsu to make something happen.

I think the next step is the issuing of the 2M shares being reflected by the TA. I believe that will indicate a completed merger. Then I think we should be looking for this to one day not be “unsolicited only” with a 211, but we won’t see that document.

No idea on timeline. Hsu did say his other responsibilities come first.

Hsu needs to land a fish for this ticker… seems like the market for micro caps is starting to pick up

It trades “unsolicited only”, so there are fewer MM games than one would like to admit. Every order on the L2 is supposedly a retail order. No proprietary MM orders without a 211 being filled or so I’ve been led to believe.

It happens. Especially the longer these acquisitions take to complete. Seems like healthy bids at .39 to soak up the sells right now. Ask continues to be real thin.

That’s over 1% of the float. I got some as well.

A few folks added to their collection today. Hopefully in stronger hands. That was a big chunk to break free, but it’s been out there for a while.

One thing that hasn’t been called out… I read the 8k again. The way I read it, OEC was essentially bought by NL$C for $1M by “issuing” 2M restricted shares to Continental Development Corp for .50 ea.

I would like to see us get off “unsolicited” only trading and get a 211 filed. I’m hoping this is his goal by rolling in OEC.

Only 1 MM on the ask…