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Still expecting .10+ this week...much higher if we get COVID testing pod delivery news $$$
Gap doesn't need to fill, we've already traded higher. We'll probably trade sideways a little longer and see heavier buying this afternoon $$$
I believe we should be getting news any day on COVID testing pods delivery to FL as well?
News always has a delayed reaction here...tomorrow and/or Wednesday will probably be big green $$$
Most likely green tomorrow IMO. Good consolidation today brought RSI out of overbought territory, ready for next leg up $$$
Any buy is a good buy today! I loaded more at .0602, .0615 and .062. Probably going to be a consolidation day today after big green Thursday and Friday
Top Knot Inc, USA lists it's directors/officers as "Corporation Service Company"
https://opencorporates.com/companies/us_ny/5569807
Top Knot Inc and CSC also share the same address https://80state.com/tenants/
Corporation Service company: www.cscglobal.com
"Trusted Service Provider To The World's Most Recognized Brands And Law Firms. Trusted Since 1899"
"CSC® has helped corporations meet their legal, compliance, tax, and online brand challenges for more than a century. We are the unwavering partner for hundreds of thousands of business customers, providing services for every phase of the business lifecycle in all 50 states, as well as globally."
"We are the unwavering partner for 90% of the Fortune 500®, more than 65% of the Best Global Brands (Interbrand®), nearly 10,000 law firms, and more than 3,000 financial organizations. Headquartered in Wilmington, Delaware, USA, since 1899, we have offices throughout the United States, Canada, Europe, and the Asia-Pacific region. We are a global company capable of doing business wherever our clients are and we accomplish that by employing experts in every business we serve."
Looks like Top Knot was just the middle man between Crednology and Stonecrest for the transfer of the company...and a super legit middle man at that!!!
I can't find the post, but someone posted an email from Orie saying the new company was in the business of buying malls. Urban Retail owns multiple malls, so I think it's a pretty safe bet that it's the same CEO. Our new Vice President is involved in real estate as well.
The Top Knot Inc (clothing) is in Canada and aside from some retailers in the US selling their products, their website says nothing about a USA division so I think it's highly unlikely that it is the clothing brand mentioned in the 8k.
Haha, I would put my money on that just being some random joe schmo
Morg, you should put all of your emails from Orie into one post and replace this sticky with that one!
"Since they are a multi-million dollar company"...BOOM!!!
8k from the new company can't come soon enough!!!
Another SOLID day for TPTW!!! News next week on delivery of COVID testing pods???
Crednology is now Stonecrest, new company DD:
COHO ticker was bought by Stonecrest Acquisitions and will now be a real estate company. Last week we were holding shares of a small IT/Recycling company, and we now hold shares of a large real-estate company in the business of buying and leasing shopping malls!!!
www.stonecrestacquisitions.com/about-us/
"Stonecrest Acquisitions is a member of the Stonecrest Family of Companies, a group of independent, alternative real estate management and investment companies focused on the real estate investment market. Our parent company, Stonecrest Financial, is a leading real estate brokerage company serving the California market since 1986.
www.stonecrest.net
Our new parent company has lended over $1bil over the last 30 days and has multiple real estate investment funds.
"We are an alternative investment group and asset manager focused on real estate lending and distressed acquisition funds. Serving high net worth investors, RIAs and family offices since 1986, we take pride in our track record of generating consistently high, risk-adjusted returns in funds that aim to meet the long-term investment goals of our clients. Our family of professionally managed, private real estate funds was established in 2004, and our first fund remains open to this day."
www.urbanretail.com
ww.urbanretail.com/page.aspx/contentid/51
Our new CEO/President is CEO of Urban Retail Properties, LLC, which has offices in CA, IL, MA, FL, CT, TX and Shanghai, China. Urban Retail manages and leases 52 properties in 21 states.
summitcrg.com/team/bio-murphy
Our new Vice President/Treasurer is a Principal of Summit Commercial Real Estate Group and Summit Realty Management, LLC.
Mods need to delete all the old Crednology stickies and sticky new DD for our new company
Looking great today $$$
Duh, it's grey now while the new company gets everything updated and switched over
I think we'll stay pink (for now), the new company just needs to get everything filed to reflect the new business. Based on what we've seen that the new company has to offer, I think an uplist is definitely in out future...a higher OTC listing for sure, possibly Nasdaq down the road depending on revenues.
Great info morg!!! So we'll be getting another 8k soon with new business scope and shell risk removal. We should also get some insight on financials which will give us an idea of where PPS should be. COHO was already undervalued with Orie's trash collection revenue...there should be a huge revenue boost now that we're a real estate company $$$
Beast mode!!! $$$
www.stonecrest.net/real-estate-funds/
Stonecrest parent company has 6 real estate mutual funds...i think they know what they're doing $$$
Why Stonecrest?
Investor success: higher than average yields, high returns.
Unparalleled performance: Nearly 30 consecutive years of annual growth.
Steady in a crisis: where others see problems, we see opportunity.
What We Do
Private Mortgage Investment Funds: Stonecrest has lent more than $1 Billion over three decades and has managed to provide steady returns to investors. Our Success Formula:
Think Long Term – emphasize preservation of capital over short-term gains.
Lend Wisely – focus on income producing properties and stay diversified.
Distressed Real Estate Investment Funds: with uninterrupted annual growth every year since our inception in 1986, Stonecrest is a proven market leader. Our Success Formula:
Disciplined acquisition – we buy real estate assets at a steep discount.
A broad network of hedge funds, banks, auction houses and loan servicers provide a steady stream of inventory.
Proactive approach – even in times of crisis, we look for opportunity and capitalize on it.
I'm glad everyone is starting to come around...things are looking VERY promising
My thoughts exactly, he's just the secretary and we have a super solid CEO and VP. Maybe they're unaware of what he's been involved with in the past.
You're thinking way too small...look at grub hub, only $1mil revenue and they're trading at $70 a share with 100mil OS. At 150mil OS for us, that puts us at around $50 a share assuming we have similar revenue.
We still have our shares, and now they're shares in a real estate company that makes way more than Crednology ever would have.
Have you not looked at the companies we're now associated with???
Www.urbanretail.com
Www.stonecrestacquisitions.com
Www.stonecrest.net
It's called a reverse merger and not unusual at all. It's much easier and cheaper to buy a shell to go public than it is to do an IPO. Orie took his businesses out of COHO and sold Stonecrest the shell. We are now Stonecrest, not Crednology, and our shares are now shares of the new company.
Yes, we will be a new company. Your COHO shares will change into shares of the new company when they change the ticker symbol
Then maybe you should read today's 8k and try again considering the COHO ticker was sold and everything is relevant
Orie is taking the current company private, we will get a ticker change for the new real estate business after everything is filed
Yep. IPO is a long and expensive process, buying a shell is cheap and quick
Looking good today after yesterday's consolidation!!!
Things looking much better after a little DD. Orie could have done an RS and sold more shares to pay off debt, instead he did right by his shareholders and sold the ticker to a company in a large real estate group that is much more valuable than Crednology.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156772813
I'm extremely excited. After a bit of a scare this morning, it seems as though our shares are about to become much more valuable than they probably ever would have been with Crednology.
They bought the shell to take their multi-million dollar business public.
This is a good thing!
Here is what happened:
Orie sold the COHO ticker to a multi-million dollar real estate business and kept his companies that he was operating under Crednology. His businesses weren't making enough money, so he sold the ticker to pay off his debt (instead of doing an RS and selling more shares), gets to keep his companies, and now we own shares of a company making a TON more revenue than Crednology was.
Win-Win for everyone involved, especially us shareholders as our shares will be worth much more than they ever would have with Crednology.
ALL, PLEASE READ
www.stonecrestacquisitions.com/about-us/
"Stonecrest Acquisitions is a member of the Stonecrest Family of Companies, a group of independent, alternative real estate management and investment companies focused on the real estate investment market. Our parent company, Stonecrest Financial, is a leading real estate brokerage company serving the California market since 1986.
Www.stonecrest.net
"We are an alternative investment group and asset manager focused on real estate lending and distressed acquisition funds. Serving high net worth investors, RIAs and family offices since 1986, we take pride in our track record of generating consistently high, risk-adjusted returns in funds that aim to meet the long-term investment goals of our clients. Our family of professionally managed, private real estate funds was established in 2004, and our first fund remains open to this day."
www.urbanretail.com
Www.urbanretail.com/page.aspx/contentid/51/
Our new CEO/President is CEO of Urban Retail Properties, LLC, which has offices in CA, IL, MA, FL, CT, TX and Shanghai, China.
summitcrg.com/team/bio-murphy
Our new Vice President/Treasurer is a Principal of Summit Commercial Real Estate Group and Summit Realty Management, LLC.
Big things could be coming here and everyone needs to calm down. Everything so far is pointing towards a real estate company/group acquiring the ticker to go public, and the parent group already has several funds. Like Orie's tweet said, this may be better for shareholders.
The wording is strange, but it does seem as though Orie still controls the holdings under COHO. Maybe all these holdings will still operate under the new company but I doubt it. I think Orie is taking them private and Stonecrest is just acquiring the ticker.
Stonecrest Acquisitions is a real estate company.
Our new CEO/President is CEO of Urban Retail Properties, LLC, which has offices in CA, IL, MA, FL, CT, TX and Shanghai, China.
Our new Vice President/Treasurer is a Principal of Summit Commercial Real Estate Group and Summit Realty Management, LLC.
Everything so far is pointing towards a real estate company/group acquiring the ticker to go public. More to look into for sure but like Orie's tweet said, this may be better for shareholders.
The clothing company is in Canada...so unless Top Knot Inc USA is a division of that in the US, I highly doubt that. Real Estate looks to be a much better chance, which could bring much more value here if that's the case. I'll be digging a lot deeper into this when I get a chance.
Our new VP/Treasurer? http://summitcrg.com/team/bio-murphy/
Maybe we're about to become a real estate company? Stonecrest going to go public using the COHO ticker they just acquired? I think everyone needs to stop freaking out until more details come out.
New company/directors could be a good thing...they may absorb current COHO companies and continue to operate them, or they could take the company in a new direction