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Well, there were people who believed it during the offering and uplist, that despite the price on the market, the underwriter was going to set whatever price they wanted.
That's hilarious... what a scam...
Anytime you see a bunch of con artist pumpers singing in a chorus about a thriving, multi-billion dollar company merging into a scammy OTC shell company and handing over the ownership of that company to the bagholders of the previous scams run on the ticker, it is just another pump and dump.
That's because what you see on the OTC for Nintendo is an Advanced Depository Receipt, and not the stock directly. It's a Tier 1 ADR, so there are no reporting requirements for it in the US, highly speculative, and OTC Markets would put up a yield sign since a potential investor would have to track down the business performance information themselves (easy to find on google).
That's very different from a US based stinky pink scam stock...
https://www.investopedia.com/terms/a/adr.asp
Not sure I understand why they'd waste their time with an offering priced at 73 cents when anybody that wants a share of stock can buy one for 14... I know the 73 is the midpoint of the range $0.30 to $1.15 assumed, but I don't get how they'd expect a range whose bottom end is double the current PPS. Maybe @TenKay can explain
Because it was absurd... the owners of thriving, multi-billion dollar companies do not merge the companies they own 100% of into scam stinky pink shells so that a bunch of con artists pumpers can take over that ownership, nor do they "play" the scam stinky pink pump and dump by buying into the stock, then announcing they're merging their company in.
Something weird with the ticker FINRA has vs how the stock is really trading "over there..." and, well, not trading "over here."
Here's the real history, and it's in Euros, but the PPS and volume is reflective of the last RS listed in FINRA:
https://finance.yahoo.com/quote/ALPHA.PA/history/
This tells me the US ticker is some sort of "dummy" and the real action, or rather major dilution, is happening over there.
You think that a multi-billion dollar company's owners took common stock of this stinky pink scam shell as payment for their billions of equity ownership of their thriving company?
That's just stupid to even propose...
It's a scam, a complete fairy tale, a fabrication. No legitimate, thriving, multi-billion dollar company is going to merge into a scammy OTC shell and award its bagholders with equity ownership in the company they built and own. That would be monumentally stupid. All that exists here is a mention of a mystery Chinese company in their financial report without citation as to who or what it is, and the con artist pumpers have built up a whole narrative connecting dots that aren't even in the same coloring book. Nobody believes that crap.
It's the China Hustle on the OTC (google it), a complete scam.
Since that financial report, the company has issued an additional 1.6B shares into the O/S, no accounting for who got them. You'll only see that when they publish their annual report, over a month away (very convenient timing while they ride out this scam).
21 trades all day long, and you're seeing some sort of hidden meaning?
Sure....
Con artist pumper math....
There is no multi-billion dollar company merging into this scam shell and handing over their ownership to the bagholders of the last scam run on this ticker. That's just absurd to even suggest.
This is just another stinky pink pump and dump, and after the pumpers have walked the price up a bit, it's just a game of flipper chicken now, who'll blink first.
Not a chance. It is automated. Nearly 900K trades today, O/S turned over 30X's, on a stock that was very lightly traded. You don't turn an O/S over that many times in 1/2 a trading day without automation.
They've already turned the knob down, when they turn it off, the trap's been sprung.
Oh, please. You don't turn the whole O/S of a stock over 30X's on any trading day, much less before lunch, without automated wash trading, pure manipulation. That's every share issued and outstanding changing hands, on average, 30X's in less than 3 hours. Not a chance in hell it's legit, and they will turn their robots off and trap a bunch of new bagholders with grossly overpriced stock.
Automated wash trading once again, robots have taken over. O/S is 2.5M shares here, approaching 30X's that. When they turn the robots off, bagholders will be trapped with grossly overpriced stock.
History shows 100k shares per day...
https://finance.yahoo.com/quote/DTSS/history/
FINRA aggregates and reports the short positions the brokers provide to them. The SEC aggregates and reports the failure to deliver information the brokers report to them. It isn't lies, it's the facts. The lies are the con artist pumpers who use "shorty" as an excuse to explain the inevitable decline in share price when they sell their holdings.
The MM's aren't going to hold a large "naked short" position on any stock, they close almost every share shorted same day, and usually instantly. If they did, there'd be a big FTD showing up, and there isn't. This is just automated wash trading, you don't go from less than 100k shares per day to tossing the O/S over multiple times without it. Someone is moving in a large position, and when they're done, it'll go right back to 100k shares per day.
Yeah, well, just buy and HODL, and see what happens, then... once they turn the robots off, good luck selling stock into a volume of 100k shares.
"Shorts?" The short interest on this stock is less than 1%... There was no squeeze. This is simply brazen wash trading, and they're going to turn the robots off.
https://fintel.io/ss/us/bglc
Good idea...
Automated wash trading, and they'll turn those robots off and trap a bunch of folks with grossly overpriced stock. Here's the history, normal volume is less than 100k shares per day, the O/S is probably 1.6M with that ATM offering they ponied up recently:
https://finance.yahoo.com/quote/DBGI/history?p=DBGI
Automated wash trading manipulation. When they turn their robots off, folks will be trapped with grossly overpriced stock. Here's the history, less than 100k shares traded per day:
https://finance.yahoo.com/quote/BGLC/history/
Those were all pump and dump scams, too, just like this one.
The owners of a multi-billion dollar company are already rich, and they’re not going to just hand over that ownership to a bunch of bagholders.
Yes, scam. It isn’t “less expensive” when you hand over equity ownership of your company to the shareholders of an existing shell who haven’t given you a plug nickel and aren’t bringing anything to the table.
International companies cross-list their own stock, they don’t inhabit a scam OTC shell and hand over ownership to its bagholders.
Yep....
There is no $70B company merging into a stinky pink scam shell and handing over their ownership to the bagholders of the shell's last scam. Nobody that has built a multi-billion dollar company and owns all of it is going to hand over ownership to a bunch of OTC shareholders, it would be monumentally stupid. All you have here is a mystery Chinese company mentioned in the last disclosure that the con artist pumpers have fabricated a fairy tale connection to another entity so they can flip this stock for profit. That's it. And the company has issued 1.6B brand new shares into the O/S since their last financials, the major holders who were insiders now claim not to be.
It's the China Hustle (Google it) in the OTC.
So, the court proceedings done in accordance with the bankruptcy laws in the US and Canada, with 2 robust bidding processes watched over by the creditors who had roughly $40M in liens against the assets, weren't legal? Good luck with that.
Today the robots are keenly focused on BMR, NASDAQ stock with an O/S of around 13M, volume thus far is 10X's that at 130M, PPS is also 10X's where it started.
Trading history shows less than 100K volume on that stock:
https://finance.yahoo.com/quote/BMR/history/
Robot wash trading, volume is about 10X's the O/S, pure manipulation by someone with a lot of stock to sell. Don't get trapped, they will turn the robots off.
Typical volume is less than 100k shares for this stock....
https://finance.yahoo.com/quote/BMR/history/
No, cupcake, I'm not here to "save" you or any of the other con artist pumpers. I'm here to inform those looking to buy your stock in this scam at grossly inflated prices that they're being conned and will lose their money.
Thriving, multi-billion dollar companies don't merge into scammy stinky pink shells and give away their equity ownership to the bagholders of the shell's previous scams. It's all just a scam, a pump and dump on the stock.
Spot on...
Due diligence is about finding the truth, the stuff the company and its insiders don't want people to know. These con artists want you to believe the Chinese are so hard up for chicken paws they turned to a stinky pink scam company to facilitate hundreds of millions worth. Ain't happening.
While we’re comparing post counts, wanna compare track records? Mine is 100%, what I’ve called a scam was a scam. How about yours? You move from pump and dump to pump and dump, none of the companies you’ve posted about wound up being legit and/or thriving.
Oh, please. There are people who don’t like to see others conned out of their money by a bunch of pumpers.
24 hours a day? That’s a bit exaggerated… want to compare post counts on this board?
Of course it isn’t. It’s just another China Hustle pump and dump on the OTC.
https://en.wikipedia.org/wiki/The_China_Hustle
Nope, that’s pure con artist BS. Companies don’t go public just to be public. They go public to get access to the markets/exchanges so they can sell stock and raise money for their business. No legitimate company is going to RM into a scammy stinky pink shell and hand over equity ownership of their company to the bagholders of the shell’s previous scams for nothing. That’s purely pump and dump fairy tale.
Here you have a mystery Chinese company that the con artist pumpers have connected to a thriving business, nothing can be verified since it’s “over there,” and those pumpers are singing in a chorus about how great it is. Meanwhile, the company issued 1.6B new shares into the O/S with no accounting for them, nothing will be known until they publish their annual report.
What a load of crap. You're hilarious with this "warrior class" BS on a pump and dump fraud being run here.
Here's a clue: Legitimate. thriving, billion dollar companies don't merge into scammy stinky pink shells and hand over equity ownership to the bagholders of the previous scams. That would be a very stupid thing to do. Companies don't go public just to be public, they go public to gain access to the markets/exchanges so they can sell stock and use the funds to invest in their company growth.
All we have here is a reference to a scam company "over there" in China and a bunch of con artist pumpers "connecting dots" to outrageous valuations all singing in a chorus, all while another 1.6B shares magically appeared in the O/S that won't be accounted for until they publish their next financials (convenient timing).
This guy had it right:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173764732
Did you see that, since that report, there's 1.6B shiny new brand shares in the O/S? They won't have to say where those went until they issue the next annual report.
Neither KKR nor LCY have ever uttered a word about wanting or needing the shares of this dead company. LCYB bought all the assets, including the plant and process patents, over 5 years ago.