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Dip before the rip imo. eom
Interesting what's going on here. Keeping an eye on this.
This company is done for
Everyone knows this that has played their games in the past. It is completely over. Most people in the Diablo community do not even expect Diablo 4 will even come out. It was just"delayed". There's absolutely no official support for their newest Diablo release at all, Diablo 2 Resurrected. There are queue times for a 20 year old game. The game is virtually unplayable the way that the old game was played in public games, as players are locked out of consecutive games if the game has not been created by another person yet. Difficult to explain but basically public games are all but unplayable due to Blizzard's ineptness. And for this reason, Even more people have given up on this company. Not many people will be buying anything else they put out -- If they put anything out at all.
The company has been taken over by feminists who respond condescendingly and snidely to customers at every angle. There is no hope for this company.
This is thin, back up. eom
Ahh ok, well thank you. eom
From what I understand, they will be going to the expert market. Unless individual brokers have decided they won't offer them, I don't see any rule where they aren't allowed to. I can buy anything on the expert market right now. Just no bid or ask; only a last trade shown.
Just so happened to coincide with when millions of shares came off of restriction. They are in heaps of trouble.
NEW TWEET: SCHATZI NOT OFF THE TABLE. BOUNCE TIME.
Schatzi Exploration.
— AMECA (@AMECA_GROUP) July 9, 2021
In terms of administration there are many complexities in unravelling partner companies and their suitability to AMECA.The roadblocks we have inherited are not in our control.AMECA Group will continue to assess Southcorp’s future potential partnership.
Ben had mentioned that he could not get anybody from Ameca to respond to him shortly after the transaction. He tried his best but they never wrote him back or answered his calls. It was weird.
Every time we think they're implying something positive it ends up being just a case of ineptitude. So I'm assuming the same here, with the wording too.
That said, they clearly were allowed control of the otcmarkets page. So either it is ineptitude in the way they explained the situation which makes it seem like they have no control but they actually have perfect control, or who knows. You never know with Bolster. The guy has been a mess from the start.
I wouldn't say that nobody owns custo plays. In fact, whoever applies for custodianship must also be a shareholder. It can be contested. However if the previous owner is deceased or something, then yes it becomes a situation where nobody really owns it. But the deceased person would still own it, on paper.
I'm wondering what the STHC paper says.
Well that's true, the announcement of such would protect his reputation and in fact score him points. Not that any of this is his fault but it is an opportunity to show people how much he cares about those who support him and Synergy.
Regardless of how far or unfair it is, this will be in the back of people's minds while looking at other Synergy plays. If he's reading this, I recommend that he makes that memory a positive one.
What I'm curious about is who has control over this? It can't be that no one has control over it. They must have control of it but not an ability to do what they want with it. Perhaps they will just sell the shell.
Perhaps Ben Berry from Synergy will take it off their hands and fix this. I hope.
The problem with all that speculation is that they blatantly said they would have to go to Delaware court to gain full control of STHC. Even if they wanted to put another company in the show they couldn't, according to them. If they could, then they might as well just put Ameca in there. Which they are not. This is going to be dormant and just go to the expert market without a bid or an ask come October, imo.
The best approach would probably be for one of the shareholders to apply for a custodianship. I'm not holding my breath though, and even if that were to happen it would take quite a while.
Right, it's time and money that they aren't willing to spend, it looks like. Which means this will remain in limbo and lose it's bid/ask in Oct with the new quotation changes. They wouldn't even be able to sell the shell without putting in the time and money to go back through the Delaware courts first, so they have little incentive.
Maybe someone will rescue it, but that's the bet here. Seems to me this is just going to go dormant and be forgotten.
He's saying they have no control over the STHC shell. Why would they then merge something with what they have no control over? This will clearly end up not current by the new quotation rules deadline, end up on the expert market with no bid and ask, and just be forgotten.
This has been the biggest mishandling of an OTC stock I have ever seen. A storybook. A new legend.
Mark strikes again. eom
Custodianship granted. eom
Seems this will be uncontested. Pretty easy to price this over a nickel, imo. Washoe County has been getting these custos done in like a week lately. What a play.
It's traded almost double it's entire outstanding share count. I wouldn't be surprised to see custodianship granted early next week. Washoe county moves fast.
Wait, how did this guy know before it was even filed?
The mishandling of this entire situation by Mark as been the stuff of legends. It is the new poop standard in mishandling.
I would hate to be short RETC right now
Amazing. Have to tip my hat to Sharp. Well done.
Can you illustrate the difference in this particular situation?
You are aware that a custodian must be a shareholder, correct?
Yes he filed it, and I've even shown screenshots of it here. I believe that tweet was referring to tickers that have already run up after load times. This one just spiked in 10 seconds so very few people could already have made money off it, thus it wasn't included imo. Will probably be added to that list shortly as things develop here. Listing MEIL in a list of accomplishments wouldn't make sense. Sharp doesn't do these things unless he knows it's a sure bet. People can speculate negatively all they want, but all one needs to know is his unorthodox approaches usually work out.
Disagreed. A potential custodian shareholder has plenty of rights and avenues in this situation.
This is all one needs to know ;)
Couldn't get any easier.
Interesting. Ok good to know. Maybe this really will moon.
What is the point of custodianship here? Can anyone explain what the goal is. Aren't clean shells desirable for custodianships? Not debt riddled things like this.
It's a smart theory, and possible. One issue, in my mind, is why would the IR guy respond as if they are fighting it when they are trying to facilitate dilution? It seems to me the best play would have been to stay silent completely.
I'm thinking you're right. I now believe GS will win this.
I never heard back from RETC IR. Perhaps they're giving into GS.
Fantastic post
I have another email out to IR and will post what I'm told when it comes.
It seems like if the company even puts up a fight, and it's realized, it will tank hard. Just a guess, but I wouldn't want to risk it really.
I'm really interested to see how this plays out. Seems like an unprecedented situation.