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Anyone else following their twitter? Looks like there might be something here. Here's the link: https://twitter.com/SHGI_SparxFire
It contains no new information, it's likely that they did this because of the companies listed on the OTC that are being suspended due to lack of filings/communication with the OTC or SEC. It's an indication to any regulatory bodies that things are happening here and not to presume the company is dead. A number of custodians seem to be doing this kind of filing just to dot their I's and cross their T's, so this is positive.
I saw this on the AWGI board, looks like Moody and DeNunzio made a new site where they provide updates on all their custodianships. Worth a look: https://www.corporaterevivalservices.com/
Yup, I mean it's good that their status updates are public every three months, but no big change as a result of a status update containing information we mostly already knew. The Transfer Agent stuff is good news though, moving along.
Yes, they just have to update the court every quarter as to progress of the custodianship. People got confused and thought this meant there would be quarterly reports containing financial information.
From the court filing it's looking like old management reached out to Moody and tried to find a resolution to regain the company. IMO it's pretty reasonable Moody would agree to work this out with them, and makes him seem more professional. Custodians are supposed to help shareholders regain some value from abandoned companies, but looks like this one had management that wanted to come back in the picture.
I've never seen any custodianship where any kind of merger is ever required. That seems like wishful thinking some people may be spreading around the board. We'll see either way when the order is available and someone posts it here though.
These guys historically don't do any kind of press releases. The only communication is generally through filings they submit to the court, SEC, etc. Makes a lot of people who are used to hype and constant pumping get impatient.
Well we all know what's coming, it's just a matter of whether they get the custodianship or not at this point.
Expect to seem them around the actual due date of September 15, hope for early release in late August. Worst caste scenario they file an extension and it could be late September. Their 10-Q for their quarter ended January 31 was filed a day after the due date, but last quarter they released early. So will see.
Quarter end is July 31st, so they have until September 15th to post the next quarterly report.
Remember all the people impatiently selling and trash talking this ticker's inactivity just last week? This has gotta sting.
Haha I guess so. I try to read all the public info released by any company that I'm considering investing in so I think I'm following along pretty well, but it's definitely a waiting game.
That's from their 10-12g filing they just filed with the SEC. It's worth at least a skim. I've seen a lot of questions asked that are already directly answered by the company on their website or now in their filing. Seems like they're probably done other than news of a merger in the future.
Wow do some of you invest in these reorganizations without knowing anything about how they work? This is a new company, they don't have any past filings to catch up on. Look at the audited financials they just posted on Edgar. QSHI isn't USSE.
Haha, doesn't look like it.
Wow that's some huge volume today.
It looks like they have a company website on their OTC company profile. https://www.giantmotorsportsinc.com/
Seems like they're telling us what's going on right there. The other one these guys are involved in has a page with info like this too I think.
Looks like this company just filed a super 8-k today: https://www.sec.gov/Archives/edgar/data/1634293/000159991618000165/0001599916-18-000165-index.htm
With everything coming out, this information included, it's surprising that anyone can muster up hope in this ticker. I get that no one wants to make a bad investment, but read the writing on the wall.
Looking at that company website I have to say this looks like a very professional team. I don't know of any other parties involved in these custodianships who clean up companies so thoroughly.
Looks like some market correction went on today. Glad I waited on this one. Will see what happens when trading starts tomorrow but if it stays at around this price I might get in and see where things go.
Anyone interested in this one? I note there are news articles and reports with the SEC about them hiring new employees and adding more mining rigs, but no real discussion for weeks? The news sounds positive to me so am I missing something?
I was somewhat interested in this one, but I think it wisest to keep an eye on the twitter at this point (as others have mentioned) before deciding whether to keep tabs or move on to the next.
I'll be keeping an eye on this one. I would imagine that as bitcoin's value starts to go back up this will be the stock to watch. That said, it's hard to predict when that will happen, but I'm inclined to believe the shift will be coming over the next month or two.