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We get it, the company sucks, lol.
One has to wonder why someone would spend so much time commenting and analyzing a ticker they don't own nor appear to have any interest in owning...
Thanks and Happy Holidays to you as well.
When are the lawyers and accountants going to wrap up their discussion? Might be napping on the job...
Not me, but the other person you asked that question to was simply just stating that SPACs forced to dissolve from not making a timely acquisition will free up capital for those investors to possibly put towards similar investments, such as this shell or others.
SPACs have deadlines to get a deal done. https://www.finra.org/rules-guidance/notices/08-54
"A SPAC typically must complete an acquisition within 18 to 24 months, and must use at least 80 percent of its net assets for any such acquisition. If it fails to do so, then it must dissolve."
Yeah, even half of the projected $45M-$60M would be great. No timeline mentioned on site launches, but nice to see them put out something to bring some attention.
I meant to post this article a few days ago that I came across after LINE had sent that video. It refers to the AR/VR technology. The link to the original article is here: https://ctee.com.tw/industrynews/technology/637220.html
I attached snips/links of the Google translated version.
Direct links:
https://investorshub.advfn.com/uimage/uploads/2022/5/14/rkzymARVR1.png
https://investorshub.advfn.com/uimage/uploads/2022/5/14/toqdbARVR2.png
https://investorshub.advfn.com/uimage/uploads/2022/5/14/hlvysARVR3.png
Gainers accidentally stumbled upon the issue here...TRDX is not getting enough fiber.
I think Gainers said he's a customer. He said it was called "Shoe of a Kind" or something like that.
The 5G-related patents are all listed on their website on these pages: http://touching-lungding.com/patent.html
http://touching-lungding.com/patent2.html
http://touching-lungding.com/patent3.html
Nice, about time that finalized. It wouldn't take much to send this.
It's a requirement for it to be filed with an unaudited annual report.
Me neither. RM candidate is what kept me from getting back in here. Now I'm interested again.
"The amount of revenue that may come from this project is explosive"
...or may not come...
"As the company has mentioned, each NFT is unique and has its own value.
Considering all of those factors, investors argue that NFTs are scarce, generating their value."
...NFTs are everywhere, hardly scarce...
Krisa really f'd this up. These PRs are atrocious.
That's pretty much the last thing someone invested in this would want to read from new "management" after this thing has been in a tailspin. He would've been better off not posting at all. The mission of for-profit companies, first and foremost, is to maximize shareholder value. Wtf is this guy thinking?
"What is being proposed isn't an actual business that needs a public shell."
That pretty much sums it up for me. When I read that "new management plans to purchase real estate"' initially, I assumed it was a small building to house the operations of that (now debunked) soho venture. It's the only connection that made any sense to me.
The only way this company can grow is to continually purchase more real estate, because tenant rates (revenue) will remain relatively stable. If this were the soho venture it'd have the possibility of growth potential, but this is apparently going to bring in at best $4M revenue until more properties are purchased. Not the worst idea I've seen for a shell, but certainly not ideal.
Actually, I read it quite well. The company being acquired essentially owns a single large building. IFAN is acquiring a building by-way of acquiring the company that already owns it. If the business were more than just ownership of that building, then the PR would have stated as such. It's just a rental property whose largest tenant is a government entity.
Hmm, if all he's going to do is buy individual investment properties with this shell, then it's less desirable (to me at least) than I thought. Even less if it's in Detroit. If it were sohoself, that would at least be technology related.
No, because I am confident in that information and they are only going to clarify info from the PR.
It's just simply a want for this to be something other than what it is. However the reality is that the new CEO is Larry from Paramount, IFAN is the new "roll-up", sohoself.com will be the acquisition, and free founders equity will be provided to the prospective board of directors.
I'd suggest anyone with questions just reach out to the contact at the bottom of the press release. Ask them what info they might be able to clarify for you. That's the entire purpose of the contact info.
Yep, his name still there certainly won't help right now.
Yeah it's about what I expected. It reads like a kid's essay in school about what great things they're going to do when they grow up. I.E. "will bring in big revenue". Yikes!
This was a custodial and the drop initially came from the reveal of new management (Nelson) and the new company formrunnerapparel.com. The AS is now also being raised to 40 Bil from 5 Bil, which means it's probably going to be diluted to all hell given new management's track record.
I was in it a few months ago but no position currently and have just been following. Sucks for those who were/are in it that all of this went down this way.
Yeah it'd be nice to get a mention on the share cancellation, but really a mention of any kind would be nice. Some people don't even realize it's in his hands now and it'd be nice to get some fresh eyes on it. It's incredibly cheap for anyone looking to get in, but I know some are going to hesitate tying up funds until Frank moves on it.
Yeah Cooley burned a lot of people on !FAN and finished off anyone still supporting him with his F8CD stunt. Just glad this isn't in his hands any longer.
Frank's supposed to have a conference next Thursday (01/13) about all of his tickers. Maybe he will mention GYGC, but he does have a lot of irons in the fire so he may just be working to get them current for the time being.
My guess would be sohoself.com. Same phone and contact, Mark Anderson, as on the IFAN press release.
Here's a press release from November on SohoSelf here: https://www.prunderground.com/soho-self-to-launch-social-networking-app-featuring-user-owned-interactive-3d-luxury-apartments-as-social-hubs/00247669/?fr=operanews.
Fits Larry Williams' real estate background as well. As I said before, I no longer have shares here, just passing along my opinion.
Some will walk away from this a better trader and learn to shift funds to better opportunities once it's clear it's not "huge". I'm not one of those who was surprised, but I've been in those shoes on other plays at times and I just consider it an "education" paid for.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166826400
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166737685
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166734911
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166724043
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166722315
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166698461
Same here. Krisa/Cooley f'd up bad and SSM is right there with them by association.
Thank goodness this is out of Cooley's hands now. I've got no problem with a decent RM or acquisition that just takes time and causes temporary price fluctuations, but what has gone down with F8CD is just really unnecessary and unfortunate. All that effort to clean up the shell only to dirty it up in a few weeks time. Hopefully Frank gets us something decent here.
I posted screenshots of them translated with Google translate as embedded images on my post. Here are the direct links of the screenshots if the embedded images aren't working for you.
https://investorshub.advfn.com/uimage/uploads/2021/12/22/lsm[l1a.JPG
https://investorshub.advfn.com/uimage/uploads/2021/12/22/fhfvm1b.JPG
https://investorshub.advfn.com/uimage/uploads/2021/12/22/fjqxo2a.JPG
https://investorshub.advfn.com/uimage/uploads/2021/12/22/oyhsg2b.JPG
https://investorshub.advfn.com/uimage/uploads/2021/12/22/rgtxm3a.JPG
https://investorshub.advfn.com/uimage/uploads/2021/12/22/bijxg3b.JPG
Looks like a couple of newer articles came out and also one from around June.
https://ctee.com.tw/industrynews/technology/565649.html
https://ctee.com.tw/industrynews/technology/546543.html
https://www.chinatimes.com/newspapers/20210624000201-260206?chdtv
Yeah no worries, just putting it out there.
So another one I'm in, TNB1, is getting 67% of its O/S canceled as I'm sure some have seen. With the hefty cancellation expected on GYGC it'd be nice to see some success on that one to hopefully reflect the potential here.
Just to clarify, EROP isn't the merging entity. EROP will be the new owner of the controlling interest. EROP will facilitate the merger of another entity into TNBI.
Ok, then I'm telling you and anyone else who doesn't understand. The financials that are posted aren't audited. Anything "unreleased", whether audited or not, essentially doesn't exist in the eyes of the public.
The designation of "Audited" on OTCM is currently inconsistent with the docs available and is meaningless until actual audited docs are posted to back it up. The docs are what matter is my point.
You are incorrect, the financials are not audited. A simple thing to look for with audited financials is an audit opinion (unqualified, qualified, adverse, disclaimer). Plenty of other differences, but that's an easy tell.
I'd imagine the drop here is likely just sympathetic to the drop of the OTC markets as a whole and nothing to do with Frank.
It probably means more to those who are still in this that still think it's Henniges. Larry from Paramount may have a decent plan and curiosity for what he's doing with it is really the only reason why I'm still following this.