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Hah, I was wondering if I killed the conversation. Have made peace with the fact that this could be a slow burn.
I’ve noticed these types of trades before on other tickers (more extensively even, up to 100 and back down in one-share increments, for instance). Although I’ve suspected someone being bored/a twat, more realistically it’s probably someone (or a program) probing to see at what prices trades actually clear, especially when you’ve got a .11/.14 bid/ask or something with that high of a spread. I could also be totally wrong.
Have been accumulating here since September, longtime lurker on this board. Depending on how long one’s time horizon is here, one of the stats from that excerpt really encapsulates the long-term growth opportunity. Only ~900 mil individuals in China are internet users, a little over half the population. As China continues to modernize, urbanize, and raise its basic standard of living for its most impoverished populations, every indication is that the internet usage penetration rate will continue to rise rapidly. Again, more long term in outlook, but IMO one more reason to be excited here (and also why I’m buying a bunch of Chinese domain names, lol).
QEBR updated its O/S today, zero dilution. Meanwhile, Filecoin is > $32.
I'm done attempting predictions with this stock and will be the first to admit that there has been a revolting amount of apparent dilution recently. Not making me feel too optimistic for the next O/S update in a few days.
It is, however, pretty remarkable that BBRW is (as of this writing) flat on the day, despite there being 5x more sells than buys so far today.
A decent/good SS update this evening could take this into multi-day run territory. Have to think mgmt knows that with the timing of the PR release. Could be an exciting couple of days.
Filecoin mainnet launch slated for 10/15:
https://www.coindesk.com/filecoin-mainnet-launch?utm_source=dlvr.it&utm_medium=twitter
Thanks for posting. That's more detail from him than I expected. Hopefully we some some corroboration in the next SS update in a few days.
I believe ~11/15, 45 days from close of Q
Don’t think this has been posted yet. BrewBilt customer Alibi Ale Works our out this video the other day featuring a new equipment purchase. I am excited to see Q3 fins.
https://www.instagram.com/tv/CFk35tghc9V/?igshid=v6zk7aiirgpe
Not a pro but yes that's correct. If you look at the bottom of ADVFN's trade listing, it says that trade definitions are based on the midpoint.
Is anyone here following the Filecoin space race/space race 2? I would love to know if QEBR is participating (they absolutely should be) and if so, how they are doing. The page below lists the results for SR1, including awards, but I can't figure out the entities behind the miner names in most cases. Presumably QEBR is classified in the Asia region (based on location of mining/storage operations), which is where the bulk of the awards seemed to go. It would be nice for QEBR to earn some Filecoin during the testing, but even moreso it would be great to see some verifiable proof of concept.
https://spacerace.filecoin.io/?skip=0
You got it. @StephenMoore is Moore. ExCoin's company account is @ExcoinF. Another guy on twitter found the LinkedIn page of a fellow named Richard Lee who lists social media mgr. at ExCoin as his job.
For whatever it's worth, I am continuing to chirp Stephen Moore, XLTD board member and Trump's former fed nominee, on Twitter about company status and lack of updates/filings. For those of you on the platform and interested in doing so, I'd encourage you to join in. All bets are off IMO when it comes to XLTD, how price will perform, if there's anything behind the curtain, etc. But I'd prefer to hold their feet to the fire in the meantime.
Buy it in the morning, Mick!
Stephen Moore was previously identified as a board member of ExCoin. I have been chirping him on Twitter to no avail, but others should try too.
For whatever it’s worth, the stuff in that article about the big potential of Filecoin is corroborated in other places, although of course not everyone believes in that potential. The most interesting (and promising!) stuff specifically about QEBR from the article is their mining capacity. I have not seen that corroborated elsewhere though.
I've heard anecdotally that there has been a lot of enforcement (regulatory, etc.) against public companies trying to promote a crypto angle. There is a lot of attention on that space right now, and it's possible that we will see a run of certain crypto-currencies, which can lead to spikes in crypto-adjacent public cos (I can think of a few bitcoin mining/merchant banking companies with recent runs).
I see the filing as reinforcing that, AS OF NOW, XHUAD, soon to be GIBX, does not have any assets, has not completed a merger, etc. I see this as potential CYA on behalf of the company, with the possibility that keeping the PPS somewhat depressed can more easily facilitate a future transaction.
Even if GUSDT is completely separate from GIB Cap, GIB Cap is allegedly engaged in providing prime brokerage services, including for crypto assets. So I do not see it possible to have a "crypto-free" transaction/future involving the same GIB we have all been talking about.
Also going to hold and see. I am particularly interested in the verb tenses in the filing: "has been no merger" "is not engaged" etc. If nothing else, I hope that this means the company will proactively communicate moving forward.
Good stuff! What was your feedback?
For whatever it’s worth, if GIB is even a fraction as promising as advertised, then I see $30m being an extremely conservative valuation. To your question on capital for acquisitions (or whatever else), I suspect they do an issuance down the road, which could be accretive. Somewhere between there and a Nasdaq listing (if that’s in the cards) I’d suspect they do a forward split once the PPS gets high enough.
Total speculation on my part but I’m in it to win it with this stock.
Feeling good about XHUAD getting some more eyes on it over the next few days. There are a lot of reverse merger plays to choose from in the OTC world right now, and this one is >$1 per share, which loses some people at the door. With today’s filing we will see awareness and interest spread.
There was an earlier PR that referenced 3/4 of the float. All subsequent references from the company have been to $1.5m, without specifying a % of the float.
Nice little 5 mil share buy at .0042
Great burst of news here for BrewBilt:
1) Reaffirmation of buyback with clarification of target end date (December)
2) CEO interview, in which Jef Lewis credibly discusses growth and business development (and a lot of other remarks that validate his industry chops)
3) Further social media activity showing works in progress, respect from customers/industry peers, etc.
4) The learning facility at Ronin - this seems like a great platform for the company. Based on how the CEO interview vid ended, I'd expect a further video with a tour.
Just a few quick thoughts. Happy trading this week.
1 bil GUSDT sold at .10 per through their offering would seem likely to be the source of the $100m they intend to utilize for FINMA (Swiss) interbank lending, although that could also just be a coincidence.
Quiet morning around here! So long as daily volume stays above ~50 mil and the PPS holds onto support in the .003s, this is really business as usual. Today is the ninth trading day since the supposed start date of the buyback window. Pricing at this level maximizes buyback effectiveness while staying above the death-spiral danger zone, and the volume makes it possible for repurchasing to happen in bulk. Even back in early June people were saying that this is a long-term play.
I am interpreting radio silence from the company as a good sign. We should see two O/S updates before the next 10-q, so those will be key.
Respect you sticking to your guns. In terms of why this stock hasn’t gotten more interest, it is confusing to me, especially when comparing it to another recent RM/RS/ticker change play, starting with XL and ending with TD. Both companies seem to have a bit of multi-level marketing flair about them, but GIB appears to have a much more solid underlying business model. Particularly if it is in fact a prime broker and authorized for FINMA interbank lending.
I have certain doubts but am nowhere near as disciplined as you, so have been stretching the boundaries of the term “provisional stake.” Happy hunting.
Just curious, in your opinion, what would drive the name change if no RM (or other similar transaction)?
Guy on the left might look familiar:
https://www.instagram.com/p/CEw8RiplBzf/?igshid=eiz4kco4nzjq
By pm action, do you mean those form T trades that hit this morning?
I think I speak for everyone when I say it would be great if you could just go ahead and pre-pay for that order!
I recall that either Jef Lewis or Sam Berry said it on the podcast. Too lazy at the moment to check. I believe it is a moot point though, because in order to stay within the safe harbor of 10b-18, BBRW would be obligated to disclose (e.g., through another PR) that the amount authorized for the buyback has increased (if that were to in fact happen).
You're going to want to refer to Rule 10b-18, which is the SEC rule governing repurchases, and the Florida Business Corporation Act (FBCA), which applies to corporations registered in Florida, such as BBRW. I am neither a lawyer nor an expert in this area, but my reading is that, because BBRW has already disclosed certain information regarding the authorization of its buyback through press release, no further disclosure was required for it to commence repurchasing shares. I believe that they will have to file an amendment to retire shares/reduce the A/S and file such amendment with the Florida Sec. of State once the buyback is completed. The SEC also imposes certain disclosure requirements (in quarterly/annual filings) for companies completing a buyback.
I think that this and the large block trade we saw a little later in the day yesterday are the start of the share repurchasing. Although tough and disappointing in the short term, the low share prices we have been seeing will ultimately mean that BBRW's buyback dollars go further, which is to the benefit of all shareholders.
Agreed. About 9 mil shares just purchased at .006 including one 4.2 mil share block.
Boom - great call! 25 mil @.00563 avg
Please correct my interpretation if you understand differently. The Florida Business Corporation Act (FBCA) governs buybacks for BBRW and other companies based in Florida. Although BBRW would be subject to FBCA solvency requirements, and other requirements which include documentation related to the corporate action, it does not appear that BBRW necessarily has to file an amendment or anything else with the SOS in order to start repurchasing (i.e., that documentation needs to be maintained internally but not submitted/filed). Instead, it seems that a corporation must ratify and file an amendment only when it is seeking to cancel shares and reduce the A/S by a commensurate amount (and it further appears that such amendment is only required if the corporation's articles prohibit reissuance of repurchased shares; I expect BBRW would in fact pursue this step however, in order to retire the shares as is their stated goal). Presumably this amendment process would happen upon completion of any repurchasing, when they would know the final amount of shares repurchased.
In summary, my reading is that BBRW can commence repurchasing without additional applications/disclosures that would necessarily become public.
Nice hat trick on your first post. I think you may want to look up a more current O/S for BBRW, seems like you're using dated info.
It looks like CDEL has been busy buying up shares to cover all that they sold in the .007s and 8s yesterday.
BTC just passed $12k and XLTD at double avg volume, good signd. Would love to see someone slap the $28 ask. Real test will be when we pull above the low $20s where a lot of people (myself included) loaded before the detour back into the teens.