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There is no RS. Read the SEC filings.
Is there really a RS filing? I can't find one.
Yes. We don't need to worry about the RS anymore. The decision will likely not happen until at least Dec, if at all.
Look like a short burnt through all the 0004s this morning. No long selling into the 3s.
Solid price action today despite market conditions.
Everytime $GIFX sees volume, someone throws up a 40K sell order just above the BID and below the latest fills. Hmmm
I would expect Pink Current any day now. This Monday is 2 weeks since filings..
Filing links for 4M $VEEE and 7M $FRZA shares
This is the link to the 4M $VEEE shares that $TVPC owns (57.14% ownership). This ownership gives $TVPC majority control over $VEEE.
https://www.otcmarkets.com/filing/html?id=15523968&guid=bn1-kp9g9uxzh3h
This is the link to the 7M $FRZA shares (page 3 of 10) owned by $TVPC or 67% control. Of interest, is that $TVPC owns 57.14%of $VEEE, but the entire 7M $FRZA shares were recorded under both $TVPC and $VEEE. This leads me to believe the Owners still have plans for $TVPC.
https://www.marketwatch.com/investing/stock/frza/financials/secfilings?docid=16022414
Here is the link to the dividend distribution announcement. The PR is 1 year old and their plans for $TVPC may have changed since. As a theory, could the VEEE share distribution be complicated for tax reasons and revenues for $VEEE (gas powered boats) and $FRZA (EV boats) will continue to roll up to $TVPC, with TVPC remaining as the controlling entity. This would make $TVPC one of the more valuable OTCs listed and a NASDAQ up-list target.
https://www.otcmarkets.com/stock/TVPC/news/Twin-Vee-Powercats-Inc-Issues-Statement?id=318034
The price of admission went up to 0.03. After that 0.288.
10k shares short yesterday
L2 THIN. 0.02 then 0.037 then 0.288 <= big step here
Attorney Letter posted on OTC Markets
That's pretty standard terminology for Financial Statements.
Im just saying the chances of a +$9M annual CPA firm supporting inaccurate financials is lower than an in house CFO preparing them. They appear to be spending money to clean up their image.
I
Not sure about the history, but this company appears to be working hard to get current.
I see two solid lawyers representing their interests. Solid financials product by a Berman Hopkins LLP - a $9M annual revenue accounting firm.
And, they terminated Mr. Yusuf Kisa.
I see a company working hard. Not sure what to believe, but I'll take hard work over complacency any day.
This has to be said. With all the scams and crookery in the OTC, I don't know why everyone isn't buying this stock.
They make lots of money!
They have millions in assets and equity!
They don't lie! You know exactly when they are selling shares, how many shares they are selling and what they are selling them for.
A Home Run for shareholders if they pay a dividend at some point.
FINTEL is the source. Publicly available for everyone to see.
People talk so much smack and and bash accurate data posted that doesn't meet their agenda.
LMFAO.
Yes the company is diluting, but shorts are imposing an equal (if not worse) price drop.
1.7M short 07-27
1.1M short 07-28
0.47M short 07-29
Shorting volume has been higher than dilution over the past 3 days.
shareholders just want pay cheques without effort. Raising capital and buying shares is out part.
Check their FINS. They put all profit into assets each quarter. Each quarter their profits are rolled into property purchases and their Asset value increases.
Exactly what a shareholder wants from a company looking for a buyout! IMO.
They are raising money to liven up their Moosehorn mine. Once they complete this financing round the asset value will jump again as the mine goes live. There are already 39000 oz. ($67M) confirmed at Moosehorn and they will be spending $$$ to get the confirmation up to 100000 oz. ($170M).
I don't mind a little dilution if they are using the money to realize asset value. A couple million in dilution could at $60M to the balance sheet.
People seemed to have confidence with SYSX, JZZI, CZNI, etc as they diluted at much higher volumes.
There is more shorting here than dilution.
75.7M shares short. 43M shares added to OS. 71M Float
Shorting is have more of an impact. Short Interest near 100%
Just as much shorting as dilution. Price action is not only Owners selling.
They've only added 43M shares which is nothing compared to other dilutive stocks.
Fake wall up at 0.13. I bet it vanishes when it takes a few hits.
Lots of short activity. More shorting than dilution. They will need to cover.
07-06 43.5M
07-07 15.5M
There were 2M shares dumped.
I don't believe this is dilution anymore. There were over 100M shares traded yesterday, 40M today and only 15M added to the OS by the company.
IMO the price is being held down so others can slowly accumulate. I suspect more news is coming soon.
There are $500k in notes that will need to be paid end of August. If this were my company, I would be running up PPS to pay out the notes.
Being held down. Maybe the 44M shorts from yesterday arent covered yet.
Not seeing dilution today. Some shorting. 48M short shares yesterday could lead to a nice squeeze with this SS.
I would be willing to sign a petition if we all wanted to file with the SEC-FINRA.
As a suggestion, we may first want to send it to HERB to provide opportunity to respond.
Thoughts?
RealDutch, your the boss!
I think the challenge with shareholders and FINRA is proving the swap done in 2014 was 1-for-1, as documented in the 2014 annual filing. The newly swapped in asset should have carried the same valuation as the Plantations.
The 1-for-1 value of the newly swapped in asset was not added to the balance sheet in 2015.
The open question for me is why the dividend was completed with a May 15 record date, if it was to capture a 2014 asset swap. I suspect the value is embedded somewhere, possibly as an off balance sheet asset, which they may now be trying to recognize to become fully reporting.
The second question is what else do they have planned. There is a significant cash balance in the company and they wouldn't be spending all the effort to become fully reporting; declare the dividend; and become Pink current if there wasn't a bigger picture at play.
I am excited about what is to come!
Thanks for the info on Equity Art. I didn't know about the investment.
I agree with your valuations of the Plantations and HERB (existing business).
Food for thought or debate ...
All of the assets, transfers, etc have been outlined in the Financials for shareholders to review. Shareholders are choosing to undervalue the stock. HERB may claim the market unfairly valued the stock if there are any anti-competition claims filed.
We do not know the value of Equity Art because it has yet to be valued (I believe) and is off balance sheet. However, the ratio of the preferred shares 1:10 provides some direction of the value of Equity Art if you assume it is a reflection of the HERB Market Cap : Equity Art value
There should also be consideration for the transfer of GAAT to GY. At the time GAAT was valued at over 2.2B if allowing consideration for the Inventory, Property and Intangible value prior to the transfer. The transfer was supposedly a 1:1 (value for value) as described in the 2015 annual review. GY should be equal value to GAAT or shareholders need to be compensated for the difference if the assets were sold (I believe).
We also don't know the value that Beadswap (Crypto: BEAD) was sold for when BTZI acquired a 50% stake in 2021.
Fingers cross for good news for the Loyal Longs!
They've done that many times to me as well. Someone who wants to make $$$ is controlling the flow.
LOL. Been watching the BID move up slowly all day 0.12 .... 0.14 ... 0.17.
No one is going to sell into the BID the last business day before record date.
The record date is May 15 per the 8K released on 04-15-2022.
https://www.otcmarkets.com/filing/html?id=15733105&guid=duKwkpe8vNEnzrh
They're operating a very profitable business. They're executing on filings. These are all big steps.
I can't speak to the nitty gritty about the Dividend but am trusting they will get it to the finish line based on the volume of recent company activity.
Yasheng is executing where they need to on OTC requirements and Operations. Lets see if they deliver on the Dividend. Hopefully it accounts for the $B's of value in the Plantations.
0.229 - 2.5k on the ASK. Next up 0.289 and 0.374.
Could be above 0.40 by end of week.
Agree with everything except the fair valuation. The current valuation is a reflection of their current reported operating income. There is no consideration for the grossly undervalued assets as you pointed out.