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Yes, as I’ve mentioned before, I believe the delay in filings is due to switching to a different auditor. The problem is that they never announced a new auditor yet, so I’m assuming they’ve been in the process of either finding a new auditor or transitioning over to one. I’d imagine they’d release an 8-K to announce the new auditor when the transition is complete.
It’s clear that VCPS doesn’t have much interest with their wine business anymore, otherwise they wouldn’t have stayed this quiet. Or they would’ve done an RS and continued pumping to sell shares.
If anything was planned for VCPS in the near future, my instincts tell me they might either want to sell the VCPS shell for someone else to take over, or they’re planning on a new business direction. The good thing is that the OS is only 2.8B, which looks pretty good compared to many other OTC companies. It’s tough to shop a stock around with a bloated SS.
Worst case here is that they stay delinquent and silent for weeks or months, which certainly happens a lot in the OTC. The SEC generally doesn’t start cracking down on filing delinquency until they’ve been delinquent for a year or so. I say “generally” because I’m sure there’s been a few exceptions, but I haven’t ever seen it happen from my experience.
$VCPS
VCPS cannot dilute, but unfortunately the note holders still can dilute regardless of filing status.
Recently there’s been restrictions put on note holder dilution back in April, which is why I believe we haven’t been seeing much dilution here.
$VCPS
145mil bid on .0001's. There seems to be a sudden demand for GGII.
$GGII
Yes, people tend to get impatient or take a lotto position too seriously. 0.0001 stocks like VCPS are never a guarantee and the vast majority of them are diluted scams - hence why the pps is down to .0001. Although many of them do run eventually from my experience.
I'm hoping VCPS has a good reason for the delay, and that they'll break the silence soon enough. GLTA.
$VCPS
I know what you mean lol. I'm hoping there's something behind this sudden surge of momentum. A reinstatement or update from the company sure would be good timing...
$GGII
Nice 7mil hit at .0002! Someone wants shares.
$GGII
Bid is 58m, highest I've ever seen here. Nice hits at 2. Interesting momentum all of a sudden...
$GGII
Company verified on OTC Markets as of March 2018: https://www.otcmarkets.com/stock/XCLK/profile
Other than that, nothing new yet. Makes you think something is gonna happen here if they took the time to verify their profile a few months back.
Keeping a close eye on this one.
$XCLK
Your opinion and analyses are always welcome and helpful, StockBull. And I consider them enlightening to anyone who might be new to VCPS. Although I've been quiet, I read every post here.
Unfortunately until we get some more volume or actual news from the company, it's expected to stay pretty quiet here.
$VCPS
No RS either.
I'm curious if they'll file after hours today, as StockBull mentioned. They seem to file after hours a lot. I can't imagine them suddenly going delinquent after staying current for so long.
I'm wondering if the delay in filings is because they changed auditors, according to their 8-K back in February:
They filed an NT 10-Q (NOTIFICATION OF LATE FILING) for their April 2018 10-Q just now:
https://www.sec.gov/Archives/edgar/data/1081188/000108118818000010/nt10-apr30-2018.htm
This is a good start. More filings might be coming soon imo.
$GEGP
Nice hits at 2. Bid is bigger than usual, and the ask is a little smaller than usual. 28m x 109m
$GGII
Here we go... he even got the month correct too :) thanks for the post. Let's see what happens on Wednesday.
$TDEY
Very informative post, I like your insight. There is some obvious risk with VCPS, but the positives seem greater than the negatives based on recent performance.
I like that the OS has remained unchanged, especially through the random volume surges in May. VCPS is continuing to stay quiet but SEC current as well.
When they filed the NT-10K on time, that showed that there is life here with VCPS despite months of silence. So one can make the assumption that they are trying to do something with VCPS.
The .0001s appear to be more limited now compared to the last few months. Getting above the .0001 ask (cellar-box) was a good milestone imo. GLTA.
$VCPS
Well said. That has been my thoughts exactly. NOUV has done nothing (besides raising the AS back in March) to cause all of that huge volume since October 2017. Billions have traded without a single PR or pump from the company.
$NOUV
Nice, FINALLY! Figured it would show up eventually, based off of previous experience :) It’s certainly an odd algorithm that iHub uses.
$GEGP
Oh, strange! My bad. I’ve seen this happen to another of my stocks in the past, and it appeared late on the BoB for some odd reason... which made me suspect that ihub was using delayed data.
GEGP should appear on the BoB at some point soon because of the obvious above-average posting.
$GEGP
The breakout boards is based on posting from the past 24 hours, so it’s delayed data. Kinda odd that they do that, but guaranteed GEGP will be close to the top soon or by tomorrow at the latest.
$GEGP
"We got rid of a lot of bagholders today."
Agree, and I think that's where mostly all the volume came from. The company has ZERO toxic debt. All debt -roughly $100k- is due to the CEO.
More filings should be released next week (or possible over the weekend) to bring GEGP current. And maybe after that we'll get an 8-K explaining what's going on with GEGP and why they're going for full transparency. Lots to look forward to here...
$GEGP
YES EXACTLY! Everyone read his post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141239772
There's more going on here than people think!
$GEGP
They are incorporated in Florida, where the entity is already active:
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GOLDENTERTAINMENTGROUP%20P070000965620&aggregateId=domp-p07000096562-942df39c-2da6-481b-827e-3d8053818d42&searchTerm=Gold%20Entertainment%20Group%2C%20Inc.&listNameOrder=GOLDENTERTAINMENTGROUP%20P070000965620
It's also important to note that they recently changed their address about a month ago too...
$GEGP
Important point to note is that they are releasing financials from 15+ years ago (2002-2004). If they wanted to simply become current then they only needed to file a 10-K and 10-Q for 2017 and 2018 respectively. GEGP is becoming fully transparent for another reason... possibly RM?
$GEGP
You're welcome. That link is direct to the SEC's Edgar system where the filings get submitted, so always check that one first. iHub and OTC Markets are delayed because they pull the filings from this site.
$GEGP
Filings are just pouring in!! Here's a direct link to Edgar for the SEC filings: https://www.sec.gov/cgi-bin/browse-edgar?company=gold+entertainment+group&owner=exclude&action=getcompany
$GEGP
Looking good here. GEGP is becoming fully compliant.. I wonder if we'll see an 8-K (explaining what's going on) once all the financial filings are complete.
$GEGP
Agreed. They're becoming fully transparent for a reason. A reverse merger is one of the reasons why a company would file old financial filings...
$GEGP
10-Q filed for October 2002. Interesting.
$GEGP
When they’re ready they’ll renew the business license again. It does not affect business plans one bit, except by adding a small late fee lol.
NOUV has had billions and billions of shares trade up to this point - there’s too much interest here for those shares to sit. I’m curious to see what June will bring as we enter a new quarter...
$NOUV
A run is certainly possible, yes.
This quiet period (with random volume surges) could be looked at positively, showing that there could be more going on behind the scenes than we think. They’ve been holding out for a long time for a reason... not even one pumpy PR to push shares, despite all the debt they have.
If they needed money so badly then you’d think they would be pumping VCPS in order to sell shares. Simply playing games with the stock price seems like a huge risk to make (and doesn’t guarantee buyers) if they needed to dilute. Doesn’t mean it’s not possible, but it seems unlikely - especially when they could just tweet some pumpy tweets for free instead. For that reason, the recent volume interests me still.
Either way, they filed the NT 10-K on time so that shows they still have interest in VCPS at least. GLTA!
$VCPS
Yes, I’m hoping they have a good reason for the delay.
$VCPS
Unfortunately I don’t have L2, so I am unsure which MMs were involved yesterday.
Let’s see what today brings.
$VCPS
Thanks for that information
Hi Janice, I meant to ask you about that particular trade. In the past whenever dilution was occurring with BGFT, a big block t-trade would be reported during after-hours. That block trade you mentioned on the 24th was odd because it was a cash trade, and there was also no t-trade to follow it. Is that an alternate method to dilute? Because I haven’t seen it done like that before.
I noticed a few times where a sell would be reported but the bid didn’t change. Then that 50m bid appeared right before the market closed, almost like someone finally exposed their full bid...
Not sure what to make of the trading these past few weeks but it sure looks like someone could possibly be accumulating imo.
$VCPS
"Interesting that the bid keeps getting filled, but the ask doesn’t increase by much."
Agreed, that is interesting. Also, the fact that part of the bid was being hidden. Now, suddenly a whopping 50m bid appears with 10 minutes left until market close.. strange trading going on at the bid.
VCPS continues to remain silent through all of this volume. We'll see if they break the silence with some filings this week, and hopefully clear up some questions here..
$VCPS
Wrong, that is a false narrative! Non-SEC reporting filers don’t get revoked for filing delinquency.
That’s the key with all this volume. Sure we’ll get some block buys and sells, but the interest in 1’s has not diminished. VCPS is no longer stuck at no bid like it used to be, and dilution seems to have disappeared.
Whatever’s going on behind the scenes, who knows? But it’s clear that VCPS is no longer being forced down like it used to be.
Next week might tell us something, because that’s when the 10K and 10Q are due.
$VCPS
Nice post. I agree with that 100%. RS is guaranteed to never happen until they become current. But the moment they start filing, this thing will start moving.
$NOUV