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That’s my point.... was referring to more filings
Audited financials are not far behind, looks like the accountant already did most of the work when they filed the form 10. Accumulation is sideways and share price dropped on 25% of the volume from Friday- this means loading zone.
What’s up old friend. Hope you been well.
Float is like 70 mil, mostly insider owned.
At .0001???? No problems here.
This is gonna fly. 8K indicated it will all be complete in 2019.... you’re either in or not when it’s time, this puppy moves quick.
I’m still in. Holding more shares than ever at these stupid prices but I must admit, this is taking WAY longer than expected.
The AS here is maxed out. Those that claim there is “dilution” is either uneducated, or malicious. Experience tells me the two go hand in hand.
#1 it is heavily shorted
#2 a call hasn’t been issued yet
#3 could be a couple weeks before a call is issued for settlement as the T+3 rule isn’t enforced in the OTC as strictly as it is on the big boards.
You can fool some, but not every trader is a rookie.
It’s the amount of “air shares” created to execute a bid for the stock at a certain price. Basically, the MM fills your bid with shares they don’t own and anticipate being able to buy them at a later time for less. It’s common as they are required to make a market for the stock. The strategy in a situation like is, is to load all you can and exercise patience, not allowing them to collect the shares they need to cover what they sold and never had. When that happens, they will be forced to move the price up and buy shares higher. A heavily shorted stock will “squeeze” when people stop selling and demand increases as not only retail will be buying, but market makers as well.
Doubt it’s a scam, just taking forever. Lust 4 Life is a legit brand led by legit owners. SS is still strong/low for the estimated revs they bring in. Just needs an update.
14,969,504 Shares put you at 4.99%.
Stickie this
This looks like it’s gonna be fun.
You’re full of shit.
Normally I’d agree with with you. But this ran hard and held for no clear reason. Only thing explains that is insider buying.
SOS filing came in
They won’t be sold, upon conversion, holders would lose voting rights and control, which would allow a hostile takeover resulting in loss of control of the company and its intellectual property. There is a reason AAT acquired 85% of those preferred shares. Giving them up would mean giving up everything including the rights to the patents.
It’s very clear- we are DEBT FREE- all other non settled liabilities have been spun off and there is no pending claims or litigation against the company. Furthermore, company will aggressively regain current reporting status. All shares issued in the merger are restricted. It’s the PERFECT setup. A unicorn merger.
“Consummation of the Exchange was effective on September 30, 2019. Pursuant to the Exchange Agreement, the Company a) agreed to issue 2,750,000 shares of the Company’s Series A Preferred Stock to the members of AAT, b) agreed to issue 206,831 shares of the Company’s Series A Preferred Stock to various parties to settle outstanding debt and threatened litigation, c) agreed to issue 170,000 shares of the Company’s Series A Preferred Stock for consulting services, and d) spun out the right, title and interest in its two subsidiaries; Banjo & Matilda (USA), Inc. and Banjo & Matilda Australia Pty LTD, including all related assets and liabilities.”
The Company is delinquent in its SEC reporting obligations, and the management will work expeditiously to regain current status as soon as practicable.
It’s all restricted:
“We have issued 3,126,832 shares of our Series A Preferred Stock in the Exchange. Each preferred share is convertible into 1,000 common shares. Once converted, all of these common shares will constitute “restricted shares” within the meaning of Rule 144 under the Securities Act of 1933.”
This is why there’s an increase- you cannot issue Series A without having stock in the treasury to cover voting rights.
Although we expect our common stock to be eligible for quotation on the OTCQB in the near future once the Company is caught up on its regulatory filings
The increases is to cover the issued series A preferred stock voting rights. Anybody selling is foolish.
Then we must be close... fingers crossed.
Hahaha- no idea man.... but patience I have.
It moved because the wall was taken, and volume came in. When updates come, it’s gonna run.
The the wall is gone, those shares are in stronger hands now- I doubt those were all they had but I’m sure they will be more careful moving forward. Any update now sends this to double digits.
Absolutely
The volume will come, and so will .20
How is it related? Just because forever 21 sells L4L? So does Nordstrom’s, Walmart, Martha Stewart, Amazon etc.....
Still Loading
OS 7 Billion
$BANJ - AAT is taking 84.4% of Series A leaving 15.6% valued around $2.7mil per the 10-k, meaning the valuation of the intellectual property AAT is bringing in alone is around $14.6 million and a total base MC of $17.3 mil or .24 per share. Aerospace engineering has a forward looking PE industry average of 30x because the patents are so very valuable. So 30x.24 gives me a potential valuation of $7.20.
There is no more debt, most converted to preferred stock - basically clean.
You all do realize the attempts to soil the news isn’t working???? Real money is buying this.
https://twitter.com/_doncamel/status/1177026853204307973?s=21
I’m still loading this BEAST
All debt wiped out via conversion to Series A preferred stock..... this is going to .25 at least.
“During calendar year 2019 certain notes, loans, accrued interest, and related party loans will be converted to series A preferred shares. During the calendar year preferred shares will also be exchanged for accrued expenses. Certain loans and accrued expenses have been written up or down to the value exchanged according to settlement agreements with certain investors and debtors of the Company. An additional $39,179 of trade payables are converted and accrued in the current year. $620,225 of trade payables will be converted to 25,095 series A preferred shares, $569,991 of accrued interest will be converted to 29,314 series A preferred shares, $691,828 of loans payable will be converted to 59,869 series A preferred shares, $123,141 of loans from related parties will be converted to 11,917 series A preferred shares, $320,730 of convertible loans from related parties will be converted to 18,682 series A preferred shares and $70,883 of other convertible debt will be converted to 14,296 series A preferred shares.”
Existing debt was converted to Series A Preferred per the 10Q. There’s no dilution.
Yes FINRA did not approve “name” change, but IRS tax ID number is different, it’s a different company. Once filings drop and FINRA approves new ticker will be LOLJ.
https://www.ldmicro.com/profile/lolj
I doubt we’ll see much selling, most people that can’t read already sold. I’ll be adding and large dip as this has nothing to do with new company/management.