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strange things going on here making me a little nervous.
OTCM has been updated a/s 500,000,000 o/s 117,503
Very very thin lol!!
Strap in boys!!! It’s gonna be a wild ride from here ??
At least there will be a few of us here for this ride!!!
Definitely has changed from a flip when merger news came to a long hold here
I’m in with you guys! I’ve been thinking about this for the last week or so.
I’m letting this ride. Didn’t sell any I’m holding 410 as of tomorrow.
I’ll be here to see how this turns out
$IDAD
can't really blame anyone for leaving
9/10 times an R/S this big just kills everything
I've got a low average and held for 6 plus months!
I'm all in on Yoram but can understand why people could just put this ticker in the stinky pinky pile
I belive we will do good here just gonna have to have some thick skin to get through the up and downs with no news till its time for it
$IDAD
It told me to buy more but my bid didn’t get filled today
I’m very conflicted on what to do. I’ve held onto 400k plus shares. I kinda want to add more. But I might just wait to see what happens
I don’t think there would be any reason to wait to execute it right away
It definitely is. I’ve tried looking through everything I can find and nothing like this has happened.
All have been decent shells and only R/S I think was bcli and only a 1 for 15
I was expecting an 1 for 10 or something similar at some point. But I expected us to be at a lot higher pps before anything like that happened.
Also from what I’ve found so far I’m not expecting any info from them. They will do the R/M with no fan fare at all imo
I agree definitely could change over time!
I’m just trying to look at this from every angle.
Just seams to aggressive to early in the process
Hahah that’s funny!! I didn’t realize it was so easy to just upload stuff to nvsos.
It definitely looks different to me. But my signature is a mess and never looks the same so who knows
https://twitter.com/josephk80243907/status/1229873735026593795?s=21
What do you guys think about the difference in these signatures? Left is R/S I got the right from a bcli filling.
Not that I'm surprised but if I'm not mistaken
IDAD is late on its filling to stay pink current.
Would be nice to see what would be in it!
$IDAD
I’m only referring to the image that is being passed around here.
Also finra doesn’t approve R/S
What is FINRA's role?
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action. Once a corporate action submission is successfully processed (which may take longer than 10 days), it will be posted to the OTC Daily List. The Daily List is a place investors can learn about reverse stock splits and other company corporate actions, such as a merger or acquisition, payment of dividends or a company dissolution or liquidation.
https://www.finra.org/investors/insights/you-asked-we-answered-what-is-reverse-stock-split
If you look right under effective date it say optional . And also says must not be more than 90 days after filled
Right now lazar is the only one who owns preferred shares. As far as we know
That’s why I believe an forward split could happen. Yoram hasn’t diluted his previous plays into oblivion only to disappear.
No matter what we know the A/S will be 500 k and O/S will be 116,738 float 5,345.
Only thing that matters now is what the next move is!
I’m on my phone could be different
Everything I’ve been able to find so far on BCLI PSTI and CLCS there has been no aggressive R/S and no dilution from dumping shares. BCLI did an 1 for 15 R/S 10 years after R/M
I’m not worried at all about an A/S raise and dilution. I know this is the otc and it’s the norm around here. But spend enough time reading up on yoram and the companies he works with and this has not been the case as far as I can find.
The O/S of these companies are 27 mil 22 mil and 17 mil
I’m still seeing 500 mill on nvsos
I’m with you walker on the forward split. I think there are a lot of small share holders from previous R/S IDAD has done.
I know people who leave small amount of shares in there accounts cause the commission is more than it’s worth to sell.
“A reverse/forward stock split is a stock split strategy used by companies to eliminate shareholders that hold fewer than a specified number of shares. A reverse/forward stock split uses a reverse stock split followed by a forward stock split.
A reverse split reduces the overall number of shares a shareholder owns, causing some shareholders who hold less than the minimum required by the split to be cashed out. The forward stock split increases the overall number of shares a shareholder owns. A reverse/forward stock split is usually used by companies to cash out shareholders who hold less than a specified amount of shares.
This strategy is believed to cut administrative costs by reducing the number of shareholders who require mailed proxies and other documents.”
I’ve spent a good amount of time going through BCLI and CLCS fillings to see if something similar has happened and can’t find anything.
While going through them BCLI dose proxies.
A lot of things are pointing towards a reverse/forward split
$IDAD
An 1 for 1000 R/S and a 200 for 1 forward split. Would bring IDAD very close to BCLI
IDAD 116,738,846/1000=116,738.846
X200=23,347,772 with an A/S of 100,000,000
BCLI A/S of 100,000,000 and O/S of 22,606,492
Could just be coincidence who knows.
$IDAD
also with an current O/S of 112,738,864 (less the 4 mill issued in sept
minus David Hazards shares 38,450,000=74,288,864
minus David Matera shares 18,925,000=55,363,864
55,363,864/672=82,386.7 shares per shareholder average
now knowing how many shares I'm holding. the amount of shares I assume
a lot of people here are holding. Also they way its been trading
I believe its safe to assume from all of this there are a lot of shareholders with less than a thousand shares
on 9/4 there were 4,000,000 shares issued on 9/10 Amended Certification of Stock Designation after issuance of an class of stock.
I believe this is what aloud the reverse split. now why issue those shares to whomever. unless it was into the open market.
I'm also thinking that this has nothing to do with any kind of up list.
one no merger has happened yet two it seams more reasonable to merge let out some news to increase the pps before any r/s just to up list.
the reduction in the A/S could be to relax shareholders of any dilution after an R/S
yes I agree Yoram is legit no questions there.
an reverse/forward split dose make a lot of sense.
in IDAD latest filling there were 674 share holders
I thought it was very high when I first saw it months ago
https://www.otcmarkets.com/stock/IDAD/disclosure
there was an reverse split 12/10/2012 an 1 for 16,000
then there was one on 3/20/2013 an 1 for 4
this would definitely leave a lost off small shareholders who probably
have no idea what's going on with them right now
https://www.otcmarkets.com/stock/IDAD/security
this will explain the the hows and whys way better than I can
of an reverse/forward split
https://www.investopedia.com/terms/r/reverse-forward-split.asp
this might not be as bad as it seams
$IDAD
Hopefully this is the case!
A pr similar to this would be a good sing
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/glyeco-announces-reverse-forward-stock-120000373.html
Can’t blame anyone for taking some profits!! We will be good here long term
$IDAD
Things are looking great here!!!
$IDAD
Nice close at the 52 week high!
$IDAD
I think things are gonna start to move kinda fast here!!
the fact that IDAD seamed to just be forgotten after
the custodianship
7/1 termination of custodianship
9/4 the O/S increases by 4 million
9/10 amended certification of stock designation on nvsos
12/18 Yoram is listed as CEO on OTCM
1/27 nvsos amended list Yoram Drucker CEO
I belive they have been working on this for a long time now.
$IDAD
should be seeing an attorney letter soon.
$CUBV
MM’s can naked short stocks. Setting sell orders doesn’t stop them from shorting.
I agree. Between the O/S and the float. Yoram and the caliber of company he is know to deal in.
Once news hits we will all be rewarded for our patients!!
I’m thinking we see an attorney letter this week. Based on George sharps tweet this past friday
$CUBV
I feel ya!
I think the pps before any news has a lot to do with the lack of fan fare here.
Everyone seams to be big on the trip 0’s and double 0’s right now.
$400 on
Trips=1,000,000
Dubs=100,000
Singles =10,000
I feel the lower share count will scare some away
Also yoram from what I can find doesn’t pump anything. It’s just all business. Fillings and official pr’s
No Twitter or any other bs.
I’ve been here since August. It’s definitely been a hard and boring road. Most of us have been here cause of the ss and David lazar.
Yoram drucker talking over this shell is probably the best thing that could have happened to us shareholders.
$IDAD
Lot of eyes on $IDAD now!! Wouldn’t be surprised if we see a new 52 week high today!!
$IDAD
article about cell source another drucker reverse merger
https://www.littmankrooks.com/wp-content/uploads/2014/07/DFR-20140715.pdf
Great job walker!!!
IDAD just keeps looking better!
And I’m enjoying this being under the radar. It’s nice and quiet here not all that nonsense like other boards