what do you think he bought this for? Does he even have the coin? Just curious as I would think being any shells are and will forever be limited in quantity here on out I doubt they would have sold for cheap.

Krisa is certainly taking their time with FBCD and i think once that gets formally announced, and it's a solid pick (as we've been lead to believe over and over again), we'll see this come back. IFAN management may not be ready to divulge everything yet and they probably want the diluters out before making a move. I do think this won't be as big as many would like as why wouldn't you just go for a clean shell if you have the resources? Oh well, i think we'll know soon but FBCD could be the first catalyst.

This was taken over by a custodian and dealt with and then sold to a new company. IF anything you should judge the work done by SSM/Krisa to see what kind of company will be taking this over. It's not the same company as before in any way shape or form.

no deal? What? Unless you're trying to play a semantics game or just don't believe public information from Synergy themselves stating the ticker was going to Edgemode then idk what to say. They even said all inquiries should be sent to edgemode.

eh? why would you write this now? Greedy? The whole deal fell apart.

I guess I'm still kinda shocked these guys are already diluting. Anyone with experience in something like this? Dilution before even the announcement of who you are? I know we don't know behind the scenes but a big time company diluting like that and killing momentum isn't the best look.

Gotcha, thanks. I mean doesn't really matter in the end because this is a different ticker in a different period. I'm just shocked at the dump today is all. Makes you think twice about what kind of company they could have sold it to. I have to believe it's decent otherwise why not just merge one of the other vetted companies they have like the alternate to whatever FBCD becomes. Time will tell.

Those shares had already been issued though, correct? Remains to be seen what happens. But volume today was the largest to date and it was no question a dump.

How did RNWF do? I see the chart but at what point did the big run-up happen?

yeah - problem is we don't even know if that's the real guy.

I honestly don't like what Krisa did here and how they're not speaking a word about it. A lot of this harm is undue on shareholders if they had just said something and let people decide before the run-up and subsequent drop.. Not great imo as the custodian they should tell us as that's how they got the designation in court.

So what do you guys surmise happened here today?

1. People dumped on name change cause they were uncertain or thought it was a nobody company.
2. Debt conversion shares being dumped by the noteholder...
3. Dilution, which would be the worse, imo.
4. something else...

Personally, i find it hard to believe that Krisa would sell this ticker to a nobody that would turn around and dump shares out of the gates before even stating your name. However, they could have been bamboozled and sold to a company that they didn't do enough homework on and got their money back real fast with dilution. The obvious tell will be the o/s once updated.

Well said.. this looks like a hail mary but it's the best we can hope for after the disaster with Edgemode. I thought Edgemode was as sure as sure can be.

Personal opinion on CEO LinkedIn profile - not impressed - but ya never know what could happen in OTC land. At least there's some light at the end of the tunnel now.

agree! well said.

Agree completely with that. We don't know yet is the issue.

I see it that if the buyer of IFAN was the definitive merger than it would have been said that way in the tweet. Reality is it could be another M&A/Krisa firm looking for a merger.

At same time they've got plenty of candidates they've already vetted for their other tickers so they could have just merged them with IFAN (great SS) which makes me think the deal was too good to pass up.

Hard to say. Time will tell.

Asked same question below, response was it's the same. But the language still seems off vs all their other tickers.. It's like they just sold it and didn't want to deal with it, yet they're taking time with all the other tickers and vetting merger candidates. To not use the word "merger" specifically really threw me off.

I KNOW what I'M saying probably isn't right but it feels that way to me.

Thank you, rjack.

Couple questions:
Language Krisa used in we "sold" IFAN vs their other tickers where they are vetting mergers to go into them, are these one and the same and will the buyer be the merging company?

Also, anyone know how long will it take before new managers are listed for change of control?

Yes - a new CEO name would be huge. Anything that points to the ticker not being dropped. Just too much fear and uncertainty plus add the lockout and here we are. Total destruction.

Yes - a new CEO name would be huge. Anything that points to the ticker not being dropped. Just too much fear and uncertainty plus add the lockout and here we are. Total destruction.

This lockup of OTC is brutal. Has Berry said a THING about BABL after his ticker is down >90% in a few days?

Agree. Well said.

Just to add, this was clearly being dumped well before Ben even posted the letter as some people saw the LOI earlier and with zero clarification it was a little panic. This had been trading mid teens prior to all this.

The shell is the investment which Berry/Synergy is in control of and has yet to discharge. If you're not investing in Berry through the shell, and all you're doing is investing in a random name you cause you like the SS in OTC then GL. Remember this isn't even PINK yet and he doesn't know what's going to happen.

Eh? I feel we are absolutely investing in Synergy, how are we not? They're in control, they took over custo, they vetted the candidates etc. Are you saying if you buy something like GVSI you're not investing in George Sharp to execute to the end? I don't follow the logic.

I think he probably was kept in the dark and had no clue. Again, I like him and he's been very transparent but this was a burn. IDK how he can mitigate damage like this from happening again but it's just horrible timing (SEC changes) and the fact he has no clue what Faulkner stepping down even means for his Custo at the 9th hour isn't the best look imo.

If true that's pretty bad cause A: it makes EDGEMODE look shady as can be. B: makes Berry somewhat incompetent in handling this cause BABL's still his and he led to the confusion. The worst would be Berry was in on this. IDK, I do think this recovers once the dust settles but a lot of people got burned.

I agree, I think it's all very strange, but why can't Berry/Synergy just straighten this out? He acted like he had no idea what was going on with "HIS" ticker anymore and proceeded to go on a small tirade about how these people ruin his reputation. If Charlie didn't matter and was only stepping down from being a director than why can't BABL be fine? I wish Berry would figure it out instead of leaving everyone in limbo as we cant contact edgemode, he can. Frustrating.

This ticker is still salvageable i think. It's just a massive setback with terrible circumstances given the SEC deadline. I bet this recovers imo.

Berry has gotta feel like a bit of a buffoon on this one. Literally 2.5 weeks ago he updated us saying he was discharging BABL to EDGEMODE as they were finishing up their paperwork. Today he posts a letter dated august 30th that he doesn't know what's happening and the CEO is stepping down. Doesn't look good on him, imo, therefore i also sold out of SIBE as well. I do like him but this just isn't something i want to mess around with.

Possible. But what have we learned from this... nothing is a done deal.

I think he was feeling the heat. I also wonder about the dates on the letter being a few days ago and just posting it now. Maybe he was hoping to find a solution before having to divulge. Either way doesn't look good on him at all.

Yep. too many weird things going on so i had their twitter feed open during this whole process.

check out synergy twitter... Faulkner stepped down. Edgemode is NOT BABL.

A public company can still buy a private company and a private company will still have shares. Doesn't prove anything, imo, but i hear ya. I'm just shocked that Berry/Synergy hasn't given an update if this were the case. The 8k from FWAV was nearly 2 weeks ago.

LOL - i bet this isn't anywhere as bad as the price is showing but i guess this is OTC. Ticker is one solid SS.

Tiger - you seem pretty positive on this. So, im curious, the 8k does not say BABL, but you're saying BABL is EDGEMODE due to state of FL filings. Why wouldn't BABL be stated in the 8k then if that were the case? Legal issues or what?

talk about hysteria.. wow. I never sell into stuff like this dust need to settle first.

Absolutely, well done. Let us know. He also stated to contact Edgemode direct with any inquiries... not sure the email but i saw it awhile ago on twitter.

True. It may need a vehicle but then wouldn't the filing state BABL instead of EDGEMODE? The issue here is BABL is not current and we've not seen any filings.

how is edgemode BABL? It's not.

Ok- can someone explain this triangular merger in detail and how/why it would be beneficial? What does Edgemode gain by going through BABL as opposed to FWAV taking them public direct? It's not obvious what is going on other than we haven't heard a peep from Synergy and or edgemode in a few weeks.