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INBT: inactive security. FINRA deleted symbol.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Might get some action here
wow off the greys and a .02 bid from mm GLED last trade .0001
glendale- wonder if they filed their 211 as they are one of the only ones filing them.
$INBT
How about this company inbt performance. As information that I received could be medical drug for healthy medicine?
INBT Forward Split 20 for 1 effective April 10, 2018
http://otce.finra.org/DailyList
Might be getting ready to go, could be nothing, just watching right now.
Market cap is currently sitting at around $9M, Swiftlet Eco Park has been valued at $200M US, so this could potentially be one of those Asian tickers that runs big($10+ pps)......or.....could be illiquid and rarely get any buying action at all, hard to say at this point.
First trade since November and 2nd trade ever on this ticker today.
Looks like GLED just brought this one online, first 'cheap' shares available @ $1.50. If I recall correctly, I believe there was only one trade here ages ago, a 2K share whack @ $1.00.
The balance sheet doesn't look that great according to this prospectus I found from last year, however, that was before the $200M distribution deal they signed to sell their products to China, India and the United Arab Emirates.
http://www.swiftletecopark.com.my/pdf/2015/10thprospectus.pdf
http://www.thestar.com.my/business/business-news/2015/11/09/swiftlet-eco-park-signs-mous-to-sell-products-to-china-india-uae/
IMO they seem pretty serious about their US exchange listing. For a lot of foreign companies it seems like they list here and give a half-hearted effort at best. When they see the stock is illiquid they stop filings and give up.
The edible bird nest business is going to be quite unusual to US investors, so it's hard to say how this is going to work out. I once invested in a Japanese pachinko company that listed on the OTCQX who did well over a half a billion dollars in revenue and it got ZERO interest from US investors. I think a lot of that had to do with pachinko and how folks in the US had no clue what it was.
Unless I'm mistaken, looking back at the historical record, it appears yesterday's 2,000 shares was the first ever day of trading for this ticker.
IMO it seems like they are willing to let a few shares go early before officially announcing a Swiftlet Eco Park merger or acquisition. The 8K only mentioned a change of control but Swiftlet Eco Park has wanted to go public on a US exchange for a couple of years, so that clearly must be whats happening here.
http://www.dealstreetasia.com/stories/swiftlet-eco-park-bhd-plans-30m-ipo-nyse-3q-3394/
http://www.thestar.com.my/news/nation/2016/09/04/swiftlet-eco-park-group-looks-to-us-listing/
Question is whats a good price for this and what kind of demand will their be for a Malaysian OTCQB reverse merger company..?? More then likely it will be quite illiquid, and probably significantly undervalued as well.
Looks like Swiftlet Eco Park is a $200M dollar company, too bad there aren't any cheap shares available here, this could be a good one.
http://www.swiftletecopark.com.my/
http://www.thestar.com.my/news/nation/2016/09/04/swiftlet-eco-park-group-looks-to-us-listing/
Change of control of this shell company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11667998
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