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.
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.
Standard speech when asked that question: I know you'd prefer a boiler room where you (and others) could practice your con artistry and separate your marks from their money without anyone informing them they're being conned, but it ain't happening. Sorry. And, no, I won't be listening to anybody talking to anybody else on a stinky pink promo channel, whoever they are. You really think the real CEO of a multi-billion dollar Chinese enterprise has the time to sit down with a stock promoter? Seriously? That's absurd, just another red flag that this whole thing is a fairy tale.
What a load of crap. This company has $26k in the bank and didn't spend a penny on R&D. They don't have prototypes, their listed assets are "Goodwill" (accounting placeholder for overpaying for something) and software/IP (self valued). MOU's and LOI's are worthless on the OTC, used to fluff up a fairy tale so those convertible noteholders at $0.0001 can sell their stock. No legitimate enterprise with 9 figures (up to a half billion) of money to spend is going to partner up with a stinky pink company that brings nothing to the table.
https://www.otcmarkets.com/otcapi/company/financial-report/402556/content
$17k profit.
I don’t play scams, especially those with notes that convert at $0.0001 and whose PPS is clearly manipulated up.
Oh, please. “Smart money” isn’t trading in the OTC. It’s for scams, scammers, and their supporting con artist pumpers.
The company filed the form, it included the name change, which they changed back later (confirming they’re the ones that did it).
Blue chip funds don’t invest in stinky pink stocks that are getting wash traded up, roughly twice as many sells to buys and up 70%. Don’t get trapped.
That chunk of stock bought in the 5’s for the dead cat bounce getting eased in now. Flippers gotta flip.
So the company faked a RS (still pending, btw), and you think folks should invest in it?
OK, sure.
IMNPQ (FKA) is not getting a new merger. It is in Chapter 7 bankruptcy being liquidated. It’s already out of business, only the trustee is working on it, nobody works for it, assets that had value already sold off. The stock registration was revoked, it’s dead, and you’ve lost 100% of whatever you paid for it.
Somebody’s playing with this stock. 20M sells to 10M buys and up 70%. Sounds legit.
Who said that? The CEO using his gmail clone email address? Multi-billion dollar company CEO doesn’t have a domain to send email from when he’s communicating with random people on the internet?
Yeah, that sounds legit, too…
Did you see all those convertible notes on page 6 of their latest quarterly, convertible at $0.0001? Page 5 shows the recent conversions at that PPS. All the MOU’s and LOI’s (typical OTC fodder for fluffy PR’s) in the world will have a tough time keeping up with that much dirt cheap stock.
Yeah, because every legitimate multi-billion dollar Chinese enterprise tosses out bogus financials when they fail to meet a deadline because, gosh darn it, counting all that money is just hard.
Anytime a non-reporting pink sheet stock with a maxed out share structure tells you “no RS,” brace yourself for a RS. This company issued stock in the trips in just the last quarter (page 29 of the recent quarterly) while claiming over $200M in revenue. Legit companies don’t do that, if they did their shareholders would be justifiably irritated at the dilution while the company is allegedly in the black.
$204M in mystery revenue, $63 in the bank, over $9M of accrued wages, while issuing stock in the trips…. Yeah, that sounds legit.
I know you’d prefer a boiler room board where you could practice your con artistry without anybody informing your marks they’re being conned, but it ain’t happening. The Chinese LLC isn’t what it was hyped up to be, never was a multi-billion dollar company merging into this scammy shell and handing over ownership of a windfall to the OTC for nothing. It was just another pump and dump fairy tale, and as soon as they’ve dumped all the stock they can into it, they’ll go ahead and pull the trigger on that still pending RS and lather, rinse, repeat.
They are not in any sort of quiet period. There’s no reason to be. He made that up as an excuse for the company not communicating. Face it, everything that a shareholder of EMGE needed to know was in the share exchange agreement. The preferred shareholders got KOAN stock, the common shareholders got nothing, weren’t even mentioned except a reaffirmation of the pending RS.
So, if I’m reading some of this BS right, the company uploaded bogus financials to tank the stock price so they can buy themselves more stock at a low price?
Tell me again how this company is legit and worthy of investment if they’d do that?
It’s allegedly a Chinese LLC with a “home office” that is a shared office space in Canada. LLC’s ain’t big deals anywhere. It isn’t and never was the other Chinese company with a similar name that has a purported value in the multi-billions.
I’d suggest looking at the stock issuances within the last year to see “suspicious names” with stock awarded or converted in the last year or so, either unrestricted at issuance or that has met the 1 year holding period if issued as restricted. That’s what the tale has been written for.
Now, I doubt they just tossed a bunch of numbers onto the sheet just to meet a deadline. That’s absurd. Why would they do that when they surely didn’t care about being a few days into the grace period on the annual, Those numbers won’t change.
They've more than doubled the O/S in 3 months, and there's a huge stack of convertible notes that will surely continue the dilution. On top of that, they lost money.
The primary product of this company seems to be common stock. They sell a lot of it.
Why are you guys hanging around this when all the liquidity you might stir up is going to get dumped into by the company?
Yeah, so... how many have you setup, run, brought to market? Let me guess.... 0?
Don't try the pumper "lecture" thing, here. The basics don't compute, $204M of revenue and $63 in the bank don't compute. And...... a company with $204M in revenue plunking around and selling stock on the OTC doesn't compute.
"For the sake of argument," this is a scam. Credibility is lost, completely, when a company claims $204M in "crypto" revenue with no accounting of what it is and has only $63 in cash in the bank and an accumulation of $9M of wages. And, not only that, in the last 3 months, another 450M shares issued. Why on earth would a company with that much "revenue" be issuing stock for money? You'd think they'd cash in a few of those coins and pay some stuff off with cash.
You added 0's. The O/S would have been 3,002,000,000. Means he sold 2.2B shares, or $220k for every $0.0001 he dumped them at. He had a pretty stout holding of his own, could be he hasn't sold them into the float just yet.
On the other hand, he has a pretty valuable shell right now as long as he cancels that absurd convertible note issued to himself. A shell with no debt, a paltry 6000 shares issued out of multiple billions in the A/S would be a hot commodity, bet he could get a half million for it.
You're talking about your cost basis, and I'm talking about the closing price on Friday ($0.0002) with the RS applied. The price will show $100 until someone trades 100 shares in a single trade.
There was no such "5 year business plan" requested in the solicitation for bids on the liquidation, but wouldn't be unusual for the (failed) SISP since it was a "going concern" purchase and the creditors would want the best shot at getting their money back. Share cancellation was only an option if a bidder was going to puchase and recapitalize the company, ie - cancel the old shares and issue new shares to creditors and sell some to raise money), but nobody proposed to do that.
And.... the bidding was in 2018... what's 2018 plus 5 years?
The RS is 1:500000, so if it closed at $0.0001, the open would be $50
So, the stock will be listed at $100 to open Monday, then...
Cool...
Another automated wash trading manipulation, already tossed the O/S over twice in the pre-market, more sells than buys and up 300%. They’ll turn the robots off, don’t get trapped.
And none of that is true on the OTC... not a word of it.
The financials are not audited, DTC couldn't care less, not their purview, OTC Markets isn't a regulator and only care they put in the financials, and brokerages will let you trade anything.
Yeah, there's not a bit of this that is real. $204M of "crypto" revenue that's essentially undocumented, no detail whatsoever about it. And with those 9 figures of "revenue," there's $63 in the bank account, with $9M of accrued wages.
That's not "unbelievable," that set of numbers is not believable.
It's on the expert market. There isn't a bid/ask published, and the ones iHub shows are very likely the last ones before it was tossed onto the EM (ie - they're not real).
Computer wash trading, pure price manipulation. O/S has turned over more than 30X's, and even after the company is asking for RS approval. Every share issued and outstanding has changed hands over 30X's on average.
Don't get trapped. They'll turn their trading robots off.
CRKN already traded 20X's its O/S, up over 200%, with a proxy out to vote on a 1-150 RS... NASDAQ stock.
NSAV claiming $204M in revenue, tossing it all under "crypto" on the balance sheet, nothing documenting what it is, and has $63 in cash and owes over $9M of accrued wages... you'd think they could sell a coin or two and pay somebody...
Well, these OTC pumps go up, then they go down, don't they?