As much as I’m not a fan, it looks ready to go technically. Just jumped in. For those of you who do t believe in technicals/charts for OTC, you are inexperienced. Technicals do not work with ongoing dilution especially from convertible debt. Here, you don’t have that. You have some restricted shares hitting the market but it’s non dilutive. It’s about to go on the chart alone. Looking for .07 or so.

I hope that is a joke. Legally they can not RS for 10 years. Check the SEC filing referencing the amendment to their charter. Enough with that.

The anti RS amendment was added to their charter and filed with SEC and state. Certainly not bogus. One of the more legally legit things we can see

Lol. They are highlighting him in their website. He’s in full control.

How? They have stated they wanted to focus on Asia (China) markets…

Lol. I’m not gonna bite on that. It’s super tempting. Best of luck.

Yes. They’ve peeled off about 300M restricted shares recently. And everyone wonders why OTCX is here. Who do you think is selling all those shares? That’s a nice payday for someone w the pump they did.

That still remains a true statement.

OTCX is selling their restricted shares into the market, IMO and shorting the downdraft.

I’m not even sure id buy at .012 anymore - looks like trips coming back.

Didn’t the CEO have a robotic voice speech that was a direct cut and paste from a Bloomberg piece too?

This thing could go to the trips in a second. If it comes out that they are lying about Yuen, then it all falls apart. I still have not received a reply to my request to open up an account with the otc desk. What does that tell you?

All the large 20M “buys” at .027 too. It’s going to low .01s. Smoke and mirrors here. It’s a shame.

Anyone else try to register for otc desk trading and not get a response?

It’s just my opinion. Take it as you will.

Charts tell a very different story. We will see. It could go under .01 if trust in them continues to erode. Be mindful of that.

I used today’s pump to sell out 100%. I’ll watch from sidelines now and may consider getting back in around .012

I’ll look into that - thank you

And that’s why this is trading here. Those who have been around see through this. Just my opinion and I’m often wrong.

If you’ve read previous posts I mentioned the only two 8Ks this year are the RS amendment and VB purchase - the 8K legitimizes those. I don’t disagree. However there have been other material events that have not been disclosed and filed with the SEC. that’s an issue for me as an investor.

If there is no 8K it is not legit. There have been other releases which should be material in nature and therefore should have an 8K attached to it, but one never comes. That’s the biggest red flag there is because it loudly says one thing.

And the other was from 2017. Just pointing out what I’m finding. I e been doing this awhile - seen lots of shady stuff. Tell me why no 8Ks have been filed for any of these latest developments- we saw one for VirtuaBroker, because that was legit. LOIs are a material event and it was not filed. There are no recent 8Ks. Another red flag in my opinion.

A red flag is a red flag. Just a piece of the puzzle. The other is from 2017. May mean nothing yet may mean everything. I dont trust these guys but that’s my opinion.

Another…. Yikes

https://www.gmlitigationassistance.com/nl/waarschuwingen-h/waarschuwing-investeringsfraude-hong_kong_enterprises_takeover_market_limited_hkotc.shtml

WHOA! Look at this - from the regulatory body in HK. Says HKOTC is fraudulent:


https://www.sfc.hk/en/alert-list/1234

Not sure about this one. If you look at their telegram it has not been active in like 15 days. Yet they say to contact them through that to trade. I’m sure there will be activity on it now though. If there is no 8K with this it’s BS.

“Message HKOTC.co trader on Whatsapp or Telegram and tell trader what you would like to trade. Trader will give you a quotation. New customer must sign up and fill an account opening form.”

Also looks like the website was created in 2021. Could be wrong on that.

I tried to sign up for the OTC desk after it launched. I got an auto generated email confirm but then never heard back from anyone. It’s been days. Tells me it’s not operational.

Agreed. It’s weird. And no SEC filings. Where are the 8Ks?

The gap down was due to the market and the fact that folks found out over the weekend that the website originally was a word for word copy and paste of Krakens. Many sold due to that.

I didn’t say I think it is OK. I was just giving an example of another instance of that occurring with a legitimate third party. In fact, I think it’s a red flag added to the many that I now see here along with a pattern of behavior. I actually don’t think there is any true intention of bringing anything legit to market. They got in VirtuaBroker for a $60K investment. That’s their anchor holding to legitimize everything. I think everything else is smoke and mirrors. No RS, no room for dilution, right? Well they can always issue and sell restricted stock. And that’s what I’m thinking may be going on here. I can obviously be very wrong. Even if not, the price can still rise. Lots of risk to the downside though as this came out of the trips and can go back there in a hurry.

And Kraken copied this or TBL copied Kraken. See attached. TBL is owned by the same entity that owns Grayscale. So they are both very legit but using some of the exact same verbiage.

https://www.tradeblocklondon.com/otc/

Denying or misleading others about Yuen’s involvement in Bitmart is foolish.

https://bitmart-exchange.medium.com/global-digital-asset-trading-platform-bitmart-opens-hong-kong-office-6e3f5edb29d6

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Bought an additional 850 shares common and grabbed som July $5 calls

It does not matter to me either way. There is a buyout, big pharma partnership, or something else large in the works. That’s the only logical reason I can conclude why they would prepay debt that far away in advance. They are releasing the IP lien and cleaning up the balance sheet for a sale of the company. I’m waiting for $7B valuation to liquidate.

The bear argument for Sorrento is officially dead. Who cares about a little dilution when done to strengthen the business - if they did move forward with full offering maybe they added 50-60M to the OS. That’s nothing especially when looking at a $5-10B+ valuation. They just paid off $120M in debt. Maybe they sold Cellularity to fund their trials and pay off debt or maybe not. Either way, they have cash, less debt, and a great pipeline. We all know the lawsuit is frivolous and no matter what it will take 3-5 years to come to fruition. So, every argument the bears had is shot to hell. It’s all done. There is nothing but upside here especially as the door for the massive amount of short interest to cover gets smaller and smaller. It will take a little bit for that mindset to change but once it does, and larger players like Hindenburg throw in the towel, thus will run toward $20 no doubt in my mind. Have patience and let it play out - it’s coming.

There is doubt. Why does it no longer list 25% equity stake in Celularity on their website?

Thus is what website says now:

Partnership Details:

License of product rights to Celularity in exchange for equity

Before it said “25% equity stake”

Yes. Within a certain time frame. I’m not saying they did but what I speculate. They no longer list their equity stake w them in their website. How did they get $110M? They had $22M in cash last financial. What other way? Through selling stock? No. I don’t believe it’s from the offering. If it was from the stock offering, they did it in a shareholder friendly way. I mean they just literally polished up and completely sanitized their balance sheet.