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I don't think it's for tax purposes. KAST has no debt that can be offset a balance sheet. What's going to be the $ amount to write off? The purchase price of the shell? NTAI has had no activity for whatever reason but for either KAST or NTAI to be viable for any tax shelter there has to be some form of transactions within the shell companies to make it an option.
You can open an account in the Bahamas and do no transactions so what exactly are you sheltering? Wouldn't that same logic apply with shells if thats the purpose?
A public company can own a public subsidiary based on ownership of 50% or more of the common shares. This is more than likely the scenario as shareholders of the parent company would benefit off revenues from the sub. Shares of KAST could even be used as a dividend for the parent company shareholders. Current share structure is;
949,950,000 AS
31,141,211 OS
10,750,001 Restricted
20,436,210 Unrestricted
20,501,834 Float
These numbers were updated recently too.
Lots of room to bring in a huge control block for any one of their subsidiaries or recent acquisitions, while keeping the share structure small and liquid.
IMO this is setup quite well.
He's the CFO for MingZhu Logistics YGMZ on the Nasdaq. Address matches the filings. MingZhu is currently expanding operations and has bought out quite a few companies to do so. There is probably an acquisition in play to be merged in here.
Current address is in the Baidu International building, in an area called Hi-Tech Industrial Park. More than likely a tech company of some sort.
This is like having an office space in the Google building....China's version.
They were in a rush to close the deal on the shell and go public. Don't think it's long before we know the details.
One day doesn't make or break a stock. People are going to trade it, but fact of the matter is they paid a good sum for the shell. More assets to come, whether or not people will hold is up to them. But these Canadian guys are partnered with some good names.
One of the officers Maury Krupp is partnered with Tom Dolan via Monitex Inc. which turned into Bitbuy (crypto) and being bought out by Shark tanks Kevin O'Leary's company WonderFi.
Some heavy Canadian money guys associated with this company.
Interesting....thinking I'll pick up some more
https://www.devup.ca/portfolio/budding-equity/
Budding Equity Inc. (BEi), through its Licensing & Consumer Products, Asset Management, and Content divisions, has changed how the markets look at accessing and investing in the cannabis industry. Founded in 2015, BEi has emerged as an industry leader, partnering with major brands on licensing and marketing cannabis accessories, providing asset management guidance and educating senior executives on navigating this new and complex business. Budding Equity Inc.’s unique expertise in both the regulatory and cultural aspects of the burgeoning cannabis market has cemented its reputation as the credible market resource in an industry that is not yet well understood.
Dan’s vision was to build an empire with Budding Equity. Through the Licensing & Consumer Products division of BE, Dan has secured the worldwide rights to a number of popular intellectual properties for the purposes of making licensed marijuana accessories, such as Cheech & Chong’s Up In Smoke™, Trailer Park Boys™ and Family Guy™. Budding Equity also enjoys a close relationship with director Kevin Smith, working together to produce accessories with the Jay & Silent Bob™ brand. Enter DevUp.
I guess we know now who market sold lolololol
Looked like a large sell at market
Gotta love market order flippers lololol
Yup
New CEO has no connection to lithium. Could be a change in business since Andrew has resigned.
Sebastian Lux has over 25 years’ experience working with Multinational Companies. Currently, Mr. Lux is serving as co-founder of Blue Duck Data, a cloud- based analytical solutions provider for end-to-end supply chain analysis. Previously, Mr. Lux served from 2015 through 2020 as co-founder and Director of Supply Chain Logistics for Genuine Origin, a division of Volcafe & ED&F Man. He is a multilingual professional experienced in strategic planning for international operations, data analytics, financial modeling, logistics, purchasing, product development, supplier partnership management, process improvements, negotiations, e-business, and franchise development. Mr. Lux has experience in entrepreneurial ventures wherein he developed international supply chains for the distribution of coffee, food, and non-food goods, as well as created multiple U.S. market entry programs and brand development projects for new and existing companies. Mr. Lux earned an MBA in Entrepreneurship from Babson’s F.W. Olin Graduate School of Business, an MSAS in E-Commerce from Boston University, and a BA in Economics from Roanoke College.
2 week time frame is an eternity for alot of these new investors...they will show up soon
12s hitting
Check out @GuillaumeM48 message on Stocktwits http://stocktwits.com/GuillaumeM48/message/478215274
Which of you numbnuts painted it down?
.1149
Looks like AT&T won the bidding for Enjoy......
Attorney letter hits and people actually sold the news lol.....can't make this sh*t up
Filing out....
"The agreed total valuation of Quality International Co Ltd FCZ is $300 million"
With this share structure and without a multiple puts this at $3.00 per share....
:)
Nice ask slap just now....
If you're going to trash this stock and promote yours, atleast give us a valid ticker symbol.
So to you trading is about gaps being filled, nothing to do with people buying and selling back and forth, considering there are no catalysts events that drive the OTC markets until next week for this stock it's possible but not because of some self fulfilling gap. Sounds to me like you live in a bubble bro.
Bouncy bouncy
Sure thing.....zzzzzzz
Good luck with that
NHOD .0068
.0065...break of .007 close
Are MMs shorting or are people just being really dumb?
Yup...much more to come
It's teetering on it....I think it jumps up last hour of the day
Here we go....
Looks like name has been changed....
Looking good....added a few
Looks like an online Costco lol
What happens when it's already in silver....asking for KAST lol
Boooomshakalakaka
Longest stock hold of my life....all or nothing from here on out...fingers crossed.
Or an audit....