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LOL!!! You're not alone!
Great Scott!!!
What a day! Haven't seen this kind of volume in a loooooooooong while. Something is definitely going on here.
It just got real!!!
SEQ Trades Out of Sequence Trade (SEQ): An "out of sequence" trade will come in with a price either higher or lower than the current price. This trade is "out of sequence," so the time at which this trade was actually executed is most likely unknown and therefore removed it from the data. This particular trade is still valid, so it will still appear in the Time & Sale. The Time & Sales window will be flagged as "out of sequence."
Look at the trades and you'll see that there have been sequence trades. This is the most likely cause of the price discrepancy.
Source Info
LOL!
Mother of all Short Squeezes
$3.49 Showing up on Etrade
Not Bullshit
The FINRA statement has nothing to do with the share structure. The statement came from asking about the name change only, which is public information. Therefore, it would be within the guidelines for the T/A to mention. This is simply what was relayed in the post.
Clarification "Mergers like this can take some time but this one is moving forward and is within range of being competed in a normal time manner".
So the previous post that was referenced (#5555) never states anything that sounds inflated or dubious, as mentioned. I'd re-read the post one more time. It gave us the idea that the company is involved in business actions. Nowhere in the post will you find anything other than that!
Post#5555
Friday's Trading Previous close 1.75
Today’s open 1.85
Day’s range 1.85 - 2.99
Volume 1,522
Average volume (3 months) 867
Market cap $448.5K
Data as of 3:59pm ET, 05/04/2018
CNN Money
That's always a good sign!
A face to face meeting with the CEO in China. That's very interesting intel indeed. Would be a nice "fly on the wall" situation for sure... if only I spoke Chinese.
Let's crack the egg and find out!
A call to the transfer agent could potentially clear things up a bit. I'd suggest going that route, like you stated previously.
Securities Transfer Corporation
Transfer Agent
2901 Dallas Parkway
Suite 380
Plano, TX 75093
469-633-0101
www.stctransfer.com
Name changes must be approved by FINRA The company needs to complete the Issuer Company-Related Action Notification Form and submit to FINRA no later than 10 calendar days prior to the record date of the corporate action. Submissions can be set via email or fax to (202) 689-3533. Failure by an OTC Equity issuer to provide the requisite notice may constitute fraud under Section 10 of the Securities Exchange Act of 1934. No, only a merger or acquisition that has a direct impact on the publicly tradable security of a company (e.g., name change, distribution, cancellation of shares) would an issuer be required to notify FINRA.
What documents are required for a Company to change its name?
Are all mergers and acquisitions required to be filed under FINRA Rule 6490?
Quote Source
Ticker Change and Mergers Aren't One In The Same We are effectuating the name and symbol changes in anticipation of a planned merger with H-D International Holdings Group (USA).
Anticipation - noun
noun: anticipation; plural noun: anticipations
the action of anticipating something; expectation or prediction.
Quote Source
Nice Dig Cappy!
Potential Super 8K Filing Clarity
In other words, a Super 8-K is an 8-K with a Form 10 registration statement included therein.
These include that the issuer provide “Form 10 information” including audited financial statements in a Super 8-K
The filing must include all the information that would be in an SEC Form 10 registration for the combined company
It's getting exciting around here!
SEC and Related Filings
While a traditional IPO would require registration pursuant to the Securities Act of 1933, as amended, no such registration is required of shell companies undergoing a reverse merger. However, shell companies must report the transaction to the SEC by filing “Super” Form 8-K. The resulting company will no longer be private, so it will be “subject to Sarbanes-Oxley compliance, corporate governance issues and other public company issues. These obligations will be greater if the company is listed on a national securities exchange.” Once public, it will “be subject to several, and ongoing, time-sensitive filings with the SEC and will thereafter be subject to the disclosure and reporting requirements of the Securities Exchange Act of 1934, as amended.” Finally, officers, directors, and 10% shareholders must make certain filings—“primarily Section 16 filings (Forms 3s)” “primarily Section 16 filings (Forms 3s)”—in conjunction with the transaction.
Source Information
As far as anyone can tell, the spike is due to the fact that the float is so low, there have only been retail trades, and there has been no dilution from the company, (with the exception of the free shares when they did the R/S).
There is a post on the board that sheds some light on the Transfer agent. They were contacted and it has been verified that the company is certainly moving forward.
I understand that the process of merging assets is a complicated and drawn out process that involves attorneys, auditors, collections, etc. We also know that there is a legal time frame from the time a merge is completed to submit financials to the SEC.
The spike is more than likely due to investors awareness of this time frame and they are grabbing any shares they can before the P/R.
HDIH Timeline History
Things have been said and things have been done. Proof is in the timeline!
1 Year Ago
Less Than 6 Months ago
A few weeks ago
It's not all bad, all of the time.
Have there been Chinese companies guilty of committing fraud, charged with scandals, or led by corrupt business practices? Absolutely.
Have there been more American companies involved in shady practices? Absolutely. It's actually not even close when compared side by side for the last 10 years.
"Many of them graduated from the pink sheets to listings on the NASDAQ and other exchanges. They experienced growth and increased profits."
"Our results shed light on the risk-performance trade-off for CRMs(Chinese Reverse Mergers)"
"In fact, they have performed as well as or better than comparable companies trading in the United States."
"The future is uncertain."
Let the games begin!
There's been all sorts of activity from HDIH
It seems they have invested a tremendous amount of time and effort this past year!
Subsidiaries of HD International Holdings Group (USA) - CHECK
C4016303
H-D AUTOMOBILE MANUFACTURING (USA) INC.
Registration Date: 04/17/2017
Jurisdiction: CALIFORNIA
Entity Type: DOMESTIC STOCK
Status: ACTIVE
Agent for Service of Process: YONG DING
18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
Entity Address: 18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
Entity Mailing Address: 18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
C4016302
H-D ENVIRONMENTAL TECHNOLOGY (USA) INC.
Registration Date: 04/17/2017
Jurisdiction: CALIFORNIA
Entity Type: DOMESTIC STOCK
Status: ACTIVE
Agent for Service of Process: YONG DING
18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
Entity Address: 18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
Entity Mailing Address: 18750 COLIMA RD #D
ROWLAND HEIGHTS CA 91748
A Statement of Information is due EVERY year beginning five months before and through the end of April.
California SOS Business Search
The company is certainly moving forward. The merge from HD International Holdings Group to HD International Holdings Group (USA) has been filed and the transfer of assets should be wrapped up as of 4-28-2018.
HD International Holdings Group - Company (A)
HD International Holdings Group (USA) - Company (B)
This is verified by the Merge Dissolved Status of HD (A). All of the assets from HD (A) would've have been transferred (or merged) to HD (B). Then the 1st HD (A) would dissolve the company to remove it from active status.
Nevada SOS Business Entity Search
News will drive this stock to be tradeable, and will open up liquidity and some really good trading opportunities!_HDIH_
A reverse merge of a clean shell, updated financials, FINRA reporting are a good start. There are signs of serious pressure building. Super exciting possibilities.
Since the available shares in low float stocks is so small, there is often nothing available to borrow, aka Broker Lending Shares (Shorts).
Looks like we'll be getting some attention really soon!
It has got to be pretty low... Watching for over a year and it moves well on very low volume. #watchthemadness
I agree 100%
There are a number of ways this could play out. I have some info I've been chasing that is looking very promising. I'll post it here once I verify the accuracy. Fingers crossed for now!
Can you say... OVERSOLD
It's crazy to think we've gotten into oversold territory on very few shares. She's trading thinner than a deli slice!
Merge On -HDIH- It could be a good thing!
Reverse mergers are often the most expedient and cost-efficient way for private companies that hold shares that are not available to the public to begin trading on a public stock exchange.
Reverse Mergers allow owners of private companies to retain greater ownership and control over the new company, which could be seen as a huge benefit to owners looking to raise capital without diluting their ownership.
It could be a good thing but right now we just don't know for sure
https://www.investopedia.com/ask/answers/08/reverse-merger-ipo.asp
Some Potential Clarity - HDIH
Prior to a reverse merger (TRKGD-HDIH) a company may find itself with too many issued and outstanding shares and not enough authorized shares to be able to do an alternative offering.
If you’re dealing with a previously-operated shell, you’ll often hear in the industry, “this shell needs a reverse”; meaning a reverse stock split to true up the stock to match what’s stated in the company charter as well as provide a more reasonable stock price and reduce the amount of float for the new initial offering.
The difference in doing a reverse stock split for a reverse merger is that it’s typically not done to attempt to stay on an exchange or paint a more rosy picture. It’s just a necessary process to get something new into a currently non-operating shell corporation.
https://investmentbank.com/reverse-stock-split/
!!!LOL!!!
Reverse split, ticker and name change, all new shares issued (new cusip #) and no one wanting to sell yet.
Pressure building
Only time will tell...
I agree that until news comes out, there's no way to know for certian what they plan to do. Until then, live long and prosper!
Implications of a Reverse Split
Reverse stock splits generally carry a negative connotation. A company is more likely to undergo a reverse stock split because its share price has fallen so low that it is in danger of being delisted from a major trading exchange for failure to meet the minimum required share price level.
However, a reverse split can be beneficial to a company by boosting its stock price to a level that enables it to transition from being a penny stock traded over the counter to being listed on a major exchange, thereby attracting the interest of more shareholders.
https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp
Interesting perspective, Thanks!