Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BLCK registration revoked:
https://www.sec.gov/litigation/opinions/2020/34-90605.pdf
BLCK FINRA deleted symbol. ***Awaiting SEC A.L.J. registration revocation
https://otce.finra.org/otce/dailyList?viewType=Deletions
BLCK SEC Suspension for delinquent Financials:
https://www.sec.gov/litigation/suspensions/2019/34-86514.pdf
Order:
https://www.sec.gov/litigation/suspensions/2019/34-86514-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2019/34-86513.pdf
LOL WOW! O.k. I stand corrected. Not my cup of tea. I wish you well.
Okay well that's cool, you do seem to look for OTC values plays so I'll take your word for it. Calling it the most overvalued co. you've seen though, I simply don't believe it. You've been around far too long and seen way too many turds. You want to see overvalued? Check out JIDG, a grey sheet shell with no assets with market cap currently over $3B.
I Know a thousand OTC companies that are profitable and they don't trade at a p/e of 1000 like this one does. LOL
Here is historical volume: obviously insiders don't care about selling. Not that it makes a good investment but company is profitable and growing fast- not many OTC companies can claim that.
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=50650&i=BLCK&pv=stock-chart&puv=110794#&&vs=635751787944686369
LOL ok. Just saw it reading quarterly reports and thought what a piece of shat.
Sure it's overvalued but look at historical volume. I would be surprised if the float was over 5000 shares.
It is the most overvalued stock I have seen. That balance sheet is surpassed by SCRH trading at .02.
I wouldn't call it a turd, balance sheet is strong and growth is high. This is a real company, not some garbage OTC promo. The problem is of course the fact that insiders will not sell any shares keeping the market cap artificially high for what it is.
How is this huge turd trading at this ridiculous market cap?
BLCK when is this profitable Black Metal clothing co. going to start selling some shares? Hint: some people might actually want to be shareholders here if it wasn't for the insane valuation. I'd buy in the .01-.02 range, that's still over a $2M market cap c'mon guys that's what your co. is worth on a good day! What was the point of going public if you never plan on offering shares?
LOL. I'm assuming most of the volume we've seen here has been wash trades.
No way I'm buying this above $.10
Can't believe this isn't .05 cents by now, still no dumping whatsoever. Do they really think anyone in their right mind is going to pay $5 for this with 6,666,600,000 shares authorized...WTF....lol.
I mean this is one is sort of interesting but lets get real a billion dollar market cap for a little t-shirt company is insane.
This might have some decent liquidity under .15 cents but @ $5 even a $1+ million dollar promo won't bring much interest here IMO.
BLCK now ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.
https://www.otcbb.com/dailylist/txthistory/BB07252014.txt
I see this just got certified OTCQB:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=123003&utm_source=twitterfeed&utm_medium=twitter
Keeping it on watch!
A billion dollar market cap for a Black Metal clothing company? Lol you gotta be kidding.
Looks like they have a nice roll out coming.
It'll trade, question is will anyone be able to make any money besides the insiders...lol..?? I have no clue why they went with such a huge f/s and increase in authorized, it's obviously being set up for a promotion but I'm not sure if this company is 'pumpable' enough to pull off a good one.
With this p&d type share structure it should be liquid, however, it it just seems to me like a big mistake on their part to do it that way.
Then again it could run if they can manage the dilution properly but they are going to scare away a lot of folks with that ridiculous number of authorized.
Paper certs for stock they are about to dump...lol.
Will they even let this stock trade?
Was looking at their Twitter page today and ran across this picture of the Blackcraft President and CEO with Kerry King guitarist and founder of the 80's thrash metal band Slayer.
No clue what the piece of paper the Pres is holding but it's probably safe to say it's not a gift certificate to Chick-Fil-A....lol.....maybe some sort of endorsement deal..??
I will be following this. When do they begin trading?
I really like these guys ... theyre damn serious. 6.6 Billion shares might be a little brash. A $3-5 price target putd the Matket Cap at as much as $30+ Billion?!? On Hail Sayan Mugs and 666 hoodies?
Yeow! I still dig it. Could be a grave im digging.
It will be interesting to see what price it starts trading at, I like it but I'm not going to over pay, especially with 6,666,600,000 shares authorized.
Hey that should be their new ticker symbol...EVIL.
8-K out today.
The Blackcraft fins look pretty solid IMO, nice revenues, profitable, no liabilities, can't ask for much more than that from a smaller, niche company like this.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9896949
Revenue
Product sales
$ 1,175,655
Shipping income
191,451
Total revenue
1,367,106
Cost of sales
Product cost of goods sold
368,663
Shipping costs
171,988
Total cost of sales
540,651
Gross profit
826,455
Operating expenses:
General and administrative
222,098
Executive compensation
175,000
Depreciation
428
Total operating expenses
397,526
Net income
$ 428,929
Not yet. Wouldn't be surprised to see a stock promotion here when it does though.
Is this trading yet?
News
Started the business with $100 bucks out of someones attic and now doing over $1.3 million in sales....not too shabby for a couple young, tatted up, punk rockin', wiches....lol....j/k.
Number of the Beast
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9883818
On March 27, 2014, , the Company effectuated a 66.666 to 1 forward split (the “Forward Split”) of its issued and unissued common shares as of April 7, 2014, the record date. As a result, once the Forward Split is declared effective by the Financial Industry Regulatory Authority (“FINRA”), the issued and outstanding shares of common stock of the Company will increase from 744,750 shares prior to the Forward Split to 49,649,504 shares following the Forward Split. The number of authorized common shares will increase from 100,000,000 to 6,666,600,000 common shares. Fractional shares will be rounded upward. Each shareholder of record will receive a dividend certificate, rather than surrendering outstanding stock certificates. The Certificate of Change specifies that the effective date of the Forward Stock Split with the Nevada Secretary of State is March 27, 2014; however, the effectiveness of the Forward Stock Split is subject to approval by FINRA.
Merculite Distributing Inc. changed to Blackcraft Cult Inc.:
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/26/2014&mkt_ctg=OTCBB
After looking at this a little further I don't think they are actually satanists but probably just atheists or anti-religion.
According to this article they started the company with $100 bucks and it has grown into the most popular underground clothing line.
http://theghostchantmusic.blogspot.com/2013/08/interview-with-bobby-schubenski.html
Their product line surely has a good niche market which could be worth a play.
Float is small enough to make it interesting as well.
Website gave me some cool ideas for a new tattoo
lol...agreed, can't say I have ever run across another Satanic worshiping company before, however, I guess one could argue that most penny stock CEO's are actually the 'spawn of Satan'.
Whatever the case the products look pretty popular so I'm watchin' this. Honestly it doesn't really matter to me what ones religious and/or political views are, if I see an opportunity to make some money I'll invest.
Pretty Grim
Followers
|
5
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
43
|
Created
|
03/19/14
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |