Grand Master Jedi
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“...you know the numbers this quarter are going to stink.”
Why do you think earnings will be bad for 3rd Quarter with record breaking Credit Card Processing numbers? Do you believe its because the Singular Acquisition just occurred, and does anyone know what percentage PYDS makes in processing its credit card transactions?
Confirms my thoughts thank you, keeping close eye here!
With RSI at 82.68 any thoughts on PYDS breaking its 52wk again with company announcing its 3rd quarter earnings on or before November 15, 2017?
I see it, thanks!
Have added to watchlist. Need to do some DD here.
WARRANT PROGRAM ENDS 06DEC2017; WILL NOT BE EXTENDED
“We can assume it is going well for Zion to announce no extension this early into the program.”
They said the same thing last time as another offering is now in full swing, hence they can do an offering whenever they like but announcing one before total depth (TD) is reached is terrible timing IMO and can’t be good for investor relations. For Zion is reaching out to the same investment community who funded TD in the first place so asking them for additional funding before revealing what they have discovered makes Yoda weary. I have indeed wrestled with this but nonetheless I retook position the other day and just increased it by another 10,000 shares@2.5499, BUT Im only giving myself very little wiggle room here with my position.
Now starting a new offering after TD is announced for additional funding to complete the drill to 22k feet would make more sense. In retrospect, Zion is well aware that announcing a discovery would indeed cause the stock to trade at higher levels allowing management to do an offering at higher prices, and would cause less dilution for shareholders but they do it beforehand? Terrible timing IMO and trading this one EXTREMELY cautiously. One thing is certain, if a pending discovery is announced were going to have one sexy looking chart but in reality, and not the biblical clouds many are caught up in here, this can still go either way for no one really knows if Zion has a discovery on their hands or not.
$ZN
PS: I cannot respond to Zion posts
BEAST MODE $$$TRU$$$
Well that’s certainly interesting...thanks for the feedback!
Ive jumped back in and rolling the dice with 8500 shares...lets see where this goes!
In order for a company to file any Articles of Amendment, Articles of Incorporation must be filled out and signed by authorized officer(s) of the said company. If any person fraudulently drafted these docs they would first have to get past the Sec of State, and lets say even if they did hard copies are automatically mailed to the company so this would not be a probable scenario on top of a paper trail existing as well.
It could be nothing or it could be a MM signal. Its impossible to know, but their strategy indeed plays a role in today’s market, and with the speed of today’s trading platforms MM use an advanced algorithmic trading strategy.
Market Makers Secret Signals 800 | Forex Trading Tips
http://fx-tips.com/tag/market-makers-secret-signals-800/
Reading Market Maker Signals and Signs
http://falconstocks.com/articles/readingmarketmakers.html
A self proclaimed ihub prophet? Oh brother...no comment, and what your stating in post is irrelevant because this is about one thing, VALUE! Even if 1/4 of GIFA’s said value merges into this company then gains to bag I will...hgmmmm!
Thanks for reference. That indeed confirms it. Perhaps then it was something specific with this Issuer and the reverse split they were doing.
Maybe its different on how you can disseminate news on a reverse split vs a reverse merger.
Not so sure because I personally know an Issuer who filed corporate actions with the Secretary of State for a reverse split and FINRA’ main concern was if their was any outstanding warrants/options, convertible notes, or any form of toxic financing, which there was none, and the actions were approved by FINRA within 4 weeks. After submitting the actions the Issuer asked FINRA if a press release could be disseminated regarding the coming actions since it had already been filed with the Sec of State, but was told not until the review process was complete and the actions were approved.
Absolutely! Many advisory firms and securities counsel to choose from in proceeding with a take over to assure it is done accordingly.
Only if its regarding the breaking of US security laws but any officer with criminal history, IMO, shouldn’t be on the board of any public company simply because its a ‘public’ company and investors can find such info. Who is Yusuf Kisa in this FRFS/GIFA take over?
No way would FINRA allow anything to be disseminated until corporate actions are approved. If a company disseminates any kind of news, in any form about corporate actions of a take over occurring before FINRA approves the actions would indeed cause FINRA to not approve the actions. This is putting the buggy ahead of the horse. The next step after FINRA approval is to both the Transfer Agent and the OTC, and thereafter the marketplace can be updated accordingly.
“If point was, if FINRA were to discover some criminal activity by GIFA officers, it could throw a cog in the wheel of moving forward with any corporate actions by FRFS/GIFA.”
GIFA cannot be this stupid to appoint an officer with a criminal history. This makes no sense. FINRA’ main issue with any company submitting corporate actions will be if there are any outstanding notes or any kind of toxic financing. FINRA is not the FBI or CIA but a body put in place by the SEC to watch over and regulate these non reporting OTC companies.
If a company has outstanding notes or financing then the corporate actions will not be approved unless they are resolved or carried over. FINRA reviews all corporate actions accordingly with the submittal of all documentation and payment. FINRA knows exactly what to ask because they get to fully look up FRFS’ skirt. They will request share structure(s), shareholder list, board minutes and resolutions for the said corporate actions, and all state filings in order to review. GIFA should have already confirmed such questions with FRFS before proceeding in a take over because it is a standard practice to review all debt and liabilities (company’s history/due diligence documentation) in taking over any company.
Yes, the biggest roadblock to any company attempting corporate changes, especially to its share structure, is if there is any kind of remaining toxic financing/outstanding notes. Many penny stocks have toxic financing and have attempted to wipe out all the notes by changing everything with reverse splits, name change, new ticker etc., but FINRA eventually caught on to this a few years ago. This is one of the first questions FINRA will ask a company when reviewing corporate actions.
The 15c-211 form is required for many reasons but this is not one of them. The issuer (company) is not required to submit this form to FINRA for a name and ticker symbol change, but the cusip change isn’t done through FINRA but the DTC. The 15c-211 form is used mostly by and between FINRA, market makers, broker dealers, etc.
Absolutely correct!
Out the gate Zion was doing well in communicating with investors, but thereafter not a good job in how they decided to maintain that communication. Time lapses, drilling schedule changes, and set back problems posted on FB with the lack of clarity thereof began effecting the momentum here as it continues to do so. Another issue was the terrible timing on behalf of the company to announce another offering while the investment community is still on pins and needles awaiting total depth. The company can sell discounted shares whenever they like so deciding to do it now and try to milk from the same cow before revealing whats been discovered at 15k feet is simply bad timing. My triggers went off the other day, but planning on retaking a small position here in case they have a discovery on their hands. Grateful I am for taking an early position here before that wild ride to the 52wk, but I do pray she recovers for longs holding their positions. I hate to see anyone lose gains, or hard earned monies.
The time intervals have increased between updates so no telling when the next one comes; could happen any time from now till end of November.
PS: I cannot respond back to Zion posts
“There are forms to be submitted to FINRA prior to approval for a name change and cusip #. Because FRFS has no current financial statements, that will complicate the process. GIFA,Inc., as the new entity will have to provide some financial information, prior to being allowed to trade as GIFA,Inc.”
This is incorrect. FINRA is a regulatory body and does not approve financials nor review them in the manner you are suggesting. The Securities Exchange Commission (SEC) has FINRA in place to regulate the OTCMarkets and if fraud occurs they are the ones who get the SEC approval to close down shop. FINRA could care less if a company stays at a Stop Sign or upticks to Current/Alternative Reporting Status after a new cusip, name change, or ticker symbol change occurs. On the OTCMarkets, FINRA steps in if signs of fraud are occurring in a company’s press releases, financial statements, and/or disclosure statements. If fraud is suspected FINRA will step in with a inquiry submittal to the suspected company, and if they don’t receive any communication or information that they are requesting within a 21 day period then they will indeed get SEC approval to halt ticker.
Obtaining a new cusip requires the DTC with a cost of $1k, and requires an opinion letter for processing. This doesn’t include any of the Transfer Agents fees. A new ticker and name change is what is approved by FINRA with a cost of $1k, including a $700 fee for FINRA to process if the paperwork is submitted correctly. Financials are not apart of the submittal process for a name change, and/or ticker symbol change, but state filings, board minutes, resolutions, majority vote, and all corporate actions documentation is submitted for the process.
Financials are submitted by public company’s to both the OTCMarkets or the SEC. OTCMarkets process financials as high as a current/alternative reporting status requiring opinion letter, informational disclosure statements, and unaudited financials. Anything higher is considered fully reporting, and must be approved by the SEC requiring informational disclosure statements, multiple forms, and fully audited financials.
“FINRA does as they usually do (take DOLV as an example), it could be months before anyone here knows exactly what the new company will be.”
New cusip, name change and ticker symbol change could take less than 45 days if all paperwork is submitted correctly and if not the DTC and FINRA will clearly state what they need in order to complete the process. Depending on how disorganized a company is or their capability in submitting the required forms the process could indeed end up taking longer.
RM are not confirmed through the Secretary of any State. You are in error of the process. State filings are the first step in filing any kind of corporate action(s) for a public company including actions such as a RM, or Reorganization Agreement. These pathways are done by a lot of company’s, and is known as the back door method into the marketplace, vs IPO (front door) that cost $1M plus. Just ask Shiftpixy how things are going since there IPO, which are in noway as popular as they once were. The backdoor method is indeed gaining much more popularity due to the savings of such a pathway into the US Stock Exchange. This pathway is followed by CEO’s/BOD who are on their way out, and want to exit the marketplace, and instead of selling a clean shell for $150k-$200k they do a RM, and take an equity position in the new company, and once their holding period expires they get to liquidate accordingly in-turn making much more than just selling their shell.
The next step is to submit all documentation accordingly with FINRA; NVSOS state filings, Board minutes, Board Resolutions, Board Corporate Actions, Majority Vote, and other required documents. Once approved the company will be able to update the marketplace accordingly on what kind of take over has taken place. As long as FRFS doesn’t have any kind of toxic debt and all paperwork is submitted correctly the approval of FINRA will take no longer then 14 business days upon submittal. In retrospect of the NVSOS filing; No one knows what type of take over is taking place, but one thing is 100% certain and that is corporate actions are indeed taking place between FRFS and GIFA.
No time to participate in posting, and then have it deleted, no more. Better things I have to do with my time than this, but respond to you in short, I will. Im hoping $2.50 is the lowest she will go before the next update is disseminated. Zion has been good to Yoda, and Im sure to many others who have traded her accordingly, but the plan was not to come to the end, and then fold, oh no, its already in play, and Ill indeed be sitting at the table when total depth is reached, and announced. Anyhow, good day to you with blessings and favor in the name of Yeshua!
Hitting .10 is conservative number, but the thought on what kind of a return the dollar range would bag here is indeed off the charts! Yoda would love to see it...Hgmmmmm!!!!
Yes, this is very true. State filings filed first, and then FINRA. Transfer Agent and OTCMarkets are aware it’s occurring but need FINRA approval before anything can be officially changed. A name change, ticker symbol change, and the updated share structure submittal to FINRA is fairly simple process to be approved and completed if all the paperwork is in order; State filings, Board Resolutions of Corporate Actions, Majority Vote, etc. FINRA cost is less than $1k if submitted correctly and new ticker symbol is $500 so the whole process is pretty inexpensive to complete.
Indeed it was! Im very glad I held through yesterday’s dip with all the noise on this board. Your post yesterday clearly confirmed that a take over is indeed transpiring! Im hoping confirmation comes from the company soon and this hits new highs past .10.
Well said! 100% correct on the cost of up keeping a fully reporting company, and using the back door method vs a $1M IPO....happens ALL the time. Reverse Merger (RM) equity transaction is the most ideal. It wouldn’t cost GIFA a dime to take over the shell and former CEO gets a reasonable equity position to turn over the shell and thereafter GIFA begins the clean up process to get all the filings in order with the auditing process, Form 10, etc...$50k tops.
I will relax better this evening after read this, thank you Rainmaker!
I knew better than to pull the trigger here. Hoping for a bounce tomorrow.
Welcome to the marketplace...Bulls vs Bears and one must trade accordingly because the ones who end up getting slaughtered are the pigs....
I scooped up 350,000 this morning at .055 and seeing where this goes for today....Blessings to you.
$FRFS
pulled the trigger on $20k here at .055. This move goes against my logic of the marketplace....hope it wasn’t a mistake.
Double confirmation...thank you sir!
Wow, that definitely worked, thanks. This is nuts. I wonder if any kind of R/S is in the works. Some of these larger companies correct the share structures. There is little info on the share structure with O/S being 127M. Any thoughts on this being a possible pathway being discussed behind closed doors?
I as well. Some things are not adding up but if anything ride a short wave here because this stock is clearly reacting to those filings.
Need todo more Due diligence here...
I keep looking at the GIFA INC. form and the FIREFISH INC., form filed with NVSOS, which look identical and in your link leading to the NVSOS page to ‘Entity Actions for FIREFISH INC.’, which indeed leads to GIFA when I click on ‘Return to Entity Details’, but if I try to find this page directly from NVSOS I cannot and only way is if I click on your link. Considering a large position here and just started analyzing this one but why merge into a delinquent stock when so many others are available. Regardless the stock is clearly reacting to the NVSOS filing because this is nuts if this is actually taking place with BIG gains to be bagged!
All gifted, purchased, compensational etc. of public issued stock have a holding periods. Zion is a fully reporting company which would give them a six month holding period. Whomever the shares were gifted to would have to present the proper paperwork to the Transfer Agent (TA) after the said holding period expires in order for those shares to convert into actual free trading shares. Only downside to gifted shares, non purchased, is that they hold an extremely high tax bracket, which is paid after such shares are liquidated. So eventually these 50,000 shares will find their way into the marketplace, which the average daily volume can sustain but only an inexperienced trader would attempt to sell the whole block at once.
I cannot respond back to ZN posts.