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Pretty simple, whatever broker that allows their client to buy this garbage put in an order for $2 and well obviously that same broker had a customer looking to get out of this garbage and an order was completed.
This is a MARKET, not an exchange and worse yet, there is no order flow, because there are no MMs to provide best pricing,it is whatever can be completed by individual brokers.
That is the point of a suspension, no quotation, broker dealers are no longer involved, so the MM manipulation statement is bullshit. The brokers either internalize an order, meaning finding someone else in the same brokerage to complete the trade or network with other brokerages on their own to complete trades, however that is unlikely unless you call.
What is amusing is that most of brokerages will not allow buy orders making it even worse and well quite illiquid. As it was pointed out before, this is toast. The good thing is, it is the end of the year and it is tax loss season, so brokers will allow you to dump the shares to record a loss.
Has nothing to do with the SEC, this is not an SEC registrant. It is an OTC Markets quoted security, OTC Markets issues their made up tiers based upon if disclosures are provided or not and in between.
Yet none of them are at 10 weeks and counting...lol.. still not the same thing. This is solely a GNCP problem due to their incompetence and that is all there is to it at this point.
Not remotely the same issue...lol.. They have been providing disclosures and amendments up to 2 weeks ago including amended attorney letters, that is a completely different process than what this turd has done.
This ticker couldnt properly file a quarterly disclosure correctly and amended it twice and has taken an opinion that they have met OTC Markets requirements and has stuck to that now for over 2 1/2 months...lol
Plenty of tickers have been moved to Pink Current that have provided disclosures just in the last 2 weeks.
That is nonsense, this company's disclosures have been provided since the end of September if you include the amendments. Plenty of ticker have submitted well after that and have had tier changes. The fact remains this ticker failed to provide an accurate disclosure and because of that has sat at Limited Information, despite their opinion that they have met the required submission.
What is even more amusing is the lack of understanding of the different data feeds, as if the feed Ihub has is "official".....lol....
Its a service and like all services it is up to how that company manages the trade data reporting.
Cover for what? There is no short interest here, there are no failures to deliver. What is more amusing is the avoidance of discussion of the additional 20 Billion shares dumped into the FLOAT or that the OS is now at 85 Billion for absolutely nothing other than debt conversions on made up valuations.
They were block trade transactions, they were already printed at broker dealer marked down price of .0000985 price for arbitrage, the market price was printed out of sequence, so what?
The volume is double reported because of the 2 different prices, the market bought shares at .0001 while Lumbs broker purchased from his block position at .0000985 to make their 1.5% fee. Pretty standard considering the volume rate occurring while Lumb dumps.
Well Ron is an idiot, clearly 1.14 billion were documented after close in out of sequence trades, plenty of dumping as usual, between after market settlement and net trades at.0000985 occurring. Standard block trade dumping, float well on its way to 65 Billion...lol
Who cares? Its not an OTC Markets problem by GNCP own PR, they took an opinion that they feel they have provided adequate disclosures. Nobody cares what the company's opinion is, the OTC Markets provides a template and the requested data to be entered, follow the easy steps and provide what is required and you get Pink Current tier.
Instead GNCP files late, doesnt follow the template and then ignores the easy to follow directions, amends 2 more times and then doesnt agree that they should have to follow the directions provided and has taken an opinion they have met OTC Markets requirements for Pink Current.
Meanwhile they have exploded the share structure and all anyone thinks that is going to save this from No Bid is a tier status.....lol.. Dont look at and discuss the 20 billion added to the float....lol
Meaningless data, MMs are not required to show more than 10,000 size on block orders.
Ahhhhh yeah on its way to No Bid as usual, it is where home is for this stock, got to hand it to Lumb, he was able to bilk 50 billion out of the meme stock run this year.
Fake bids are used to portray support in hopes it creates buying, pretty standard for the OTC. But this turd has another issue, it likes to dump freshly minted shares and well Lumb has another 5.9 Billion to dump in free trading unrestricted shares.
No loopholes, the same system is used for your banking and trading account, bet you dont think you are somehow being scammed in either of those accounts. It is a Federal Reserve Banking system, so if you have a savings, checking and investing account you rely on exactly the same system.
But I doubt there is any fear that it is not accounting correctly, as obviously you buy stock in GNCP and electronically transfer credits and debits all day long without a thought to it.
Well for one Naked Shorts are not illegal, that is a false statement, what you mean is that Abusive Naked Shorts are illegal. The Transfer Agent has its own account at the DTCC, it knows its balance, there is no such thing as "Air Shares", there are however Failures to Deliver (FTD). There currently are no FTD's in GNCP. Even if an FTD has occurred it is not evidence of abusive naked shorting as they can occur through both on long or short transactions.
Yet none of which has anything to do with your original statement that the high power attorney was going to resolve this, through what process? What does a supposed attorney have that the transfer agent doesnt possess?
What cash? Read their disclosures, there is no cash and what you describe does not occur, provide a single instance of such an OTC ticker issuing a cash dividend causing this magical exposure of non existent abusive naked shorting.
So the Transfer Agent is wrong and or falsifying the Share Structure reports?
There are only 4.2 Billion for issuance, that gets them to 21 Billion, far shy of 40 Billion to be 45% of the 90 Billion.
The ever expanding share structure, why would shareholder enjoy that. Talking 200+ billion to achieve 45%
No its not happening one or another, it will only happen one way. Read the email its clear as day as to why.
There is no need to guess, its regulatory law.
As to getting more shares there is no guess either, raise the AS to achieve that percentage of the OS... ba ha ha ha ha ha ha ha ha..
Once again, neither ticker are SEC registrants, so no they cannot buy stock out of the market. It will be yet again a purchase of newly issued restricted shares.
They will have to raise the AS to accommodate such a percentage of the newly massive diluted OS..... check out that share structure dilution and market dumping...lol
No, there is no such option, this is not an SEC registered stock.
Not going to happen without yet another massive AS raise....lol..
Sure it is retail, the trade report doesnt reflect individual buys and or sells for that matter. if Etrade has 25 different customer buying this scam stock at .0001 for 50M shares, the trade would be documented as a single block, it doesnt mean one person purchased 50M shares. That is pure fiction, never mind the sell side is often the reported position, so when Lumb dumps the blocks are recorded.
The MMs do not buy share here, never have and never will. They use Riskless Principal to avoid being stuck with garbage like this.
There is no 3rd party, that is a fictional statement. Simply put 57.7 Billion shares in the market and 15 Billion of restricted shares held by PDIV and no further documented acquisition of shares, so nuch thing as 102.4 Billion shares...lol
No documents to support anything than those two facts 57.7 billion and 15 billion
Incorrect 57.7 Billion common shares are in the market, PDIV only holds 15 Billion restricted shares as per GNCP disclosures.
Hmmm trading volume has nothing to do with total shares held... hmmmmmm.. unawarness
Lol.. that is not how it works, the shell acquires the business that is what a Reverse Merger is, when that occurs it is then publicly announced and the filings reflect that acquisition. Instead, this shell just simply changed its name, filed state registration forms to that effect and announced that it was in the process of acquiring said business.
That is the whole point, there was never an acquisition, somebody simply took an insolvent publicly traded business, renamed it and changed the ticker symbol with no actual business in it. THAT IS THE POINT!
Right and dont care, that is the point they dont own shit and that is perfectly clear. They acquired nothing and yet somehow took over a "shell" with publicly traded stock.
A year in review, the share structure exploded in the last 11 months, here is snapshot in January when there were only 40 Billion authorized compared to the now bloated 90 Billion SS....lol...
But hey no dilution is happening...... Ba ha ha ha ha ha ha ha ha ha ha because they tweeted and PRed no dilution......hilarious
What facility? Proof of actual ownership by this supposed shell? They provided you their own regulatory filings and guess what is not in the documents? No facility, not a single asset:
Better yet, read their own explanation of operations and what they spent money on, they werent operating a "facility" obviously and certainly no funds were flowing to operations of anything other than adminstrative and professional fees:
That is why this was suspended, there is zero evidence of an operational company based upon the financial records submitted and yet the share price was $60 at one point. It is complete fraud and was accordingly shut down in order to prevent further fraud.
So you believe that a company that has been in "Business" since 2017 would file three regulatory financial reports, that is an audited 10K and two 10Qs that clearly state zero business activity, no cash, no revenues and absolutely no cash flow is legitimate simply because they have an address in Virginia Beach and were able to negotiate a dead ticker symbol quoted on the Pinksheets.
Maybe you should read regulatory actions, as almost all of them start with acquiring or hi jacking an insolvent company and using it as a share printing press.
Trade volume was manipulated by pump and dumpers who also went and ran a campaign on this which eventually got it noticed and suspended. Pretty common, buy stock on the cheap slowly over time and then run a campaign and sell it at a higher price. Once again a favorite if you read through regulatory actions for pinksheet stock like this. You can correlate it with the posting activity across multiple stock chat boards... wow.. who knew?
The stock has been suspended, there is nothing good about that fact.
Why? The people who bought shares from the market are in fact screwed and will lose money, a FACT that will play out on the very first trading day on the greys.
No possibility of dividends, there is no money based on their own filings on EDGAR. Those who purchased shares from the market are on their own and will not see anything from this going forward.
Those who have shares currently will lose money. If there are shorts they will make their money to close out their position. The market will have properly adjusted itself to the fact this was a scam operation from the get go.
Yes, completely incorrect, the Float is the same as the Held at DTC number, the Transfer Agent Provides the Held at DTC number, and only when the company files their next quarterly or annual the Float number is updated on OTC Markets. The Held at DTC number is refreshed monthly while the company only provides it quarterly.
There are 5.9 Billion shares that are currently unrestricted and free trading that have yet to be dumped into the market as of yesterday.
Actually we do, the lack of inaction and the multiple attempts at satisfying the OTC Markets is right there for everyone to see. The OTC markets has been approving tier changes left and right for companies that have submitted disclosure documents weeks beyond this scam turds last submission, done in business days, not the so called weeks of efforts going on here.
Its called out of thin air methodology or bullshit if you wish.