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I bought shares here due to the heavy buying recently (which could have been Dean) and the excellent share structure. LP has let this shell sit dormant for quite some time, but the shell itself has value. Hard to tell what can happen here in the future.
I would figure that the time has to come for $XNNHQ. No reason it can't run like $CERPQ did at some point, with R/M news.
From the looks of it, Brandon Dean failed in his second custodial attempt, as the case has been dismissed and I do not see any sign of custodianship being granted. So, most likely....Lincoln Parke is still the owner of this shell. Is that a good thing or bad thing? I have not done any DD on LP.....just that he is the one who has let this shell sit dormant for so long. Your thoughts?
Yep....cheapies today. I truly think peeps are overlooking this one, BIG TIME. Micro O/S and float......and reverse merger confirmed and coming soon. Does'nt get much better than that.
No, not at all. Please allow me to explain.....the old company no longer has anything to do with this ticker symbol. The old company went through the bankruptcy process and that is now done, leaving a clean shell with no debt. An attorney who specializes in reverse mergers, Angela Collette, took over as custodian for this shell and will now most likely negotiate a deal with a new company to use this shell as a vehicle to trade on the public market....rather than doing an expensive IPO. In a nutshell....the old company is OUT. This is a clean shell which will be eventually bought by a new company to trade their shares on the open market. When a reverse merger is finalized....the stock symbol will change. The Q is meaningless...this is a debt-free, squeaky clean shell primed for reverse merger.
Looks like an 8k was put out on that one quite some time ago and a reverse merger happened. I think our share structure is much lower than that one.....so imagine what will happen when our 8k drops. Should happen anytime now.
I just slapped the ask for 25k more.....gut feeling this will eventually see dollars $$$$$.
LOL....who knows. If that is the case, the company name and stock symbol will be changing soon. The prior tweet from the former shell custodian shows they reached a deal with the incoming merger company in December. For those of us who know the timing it takes to complete the reverse merger process, the filing for termination of custodianship shows us this is a done deal. I fully expect an 8k and updated share structure/reverse merger details to drop soon. Hopefully, with the low share structure, we will see a significant company merging in. I think we are in the right place at the right time.
Did you all see this tweet?
they reached an agreement (back in December) with the incoming merger company! So....with the custodianship officially being terminated.....I would be willing to bet that the merger has indeed been finalized, and we will get an 8k and updated share structure any time now.$RWGI settlement agreement reached with the transfer agent. We've also reached agreements with the incoming merger company. An update will be given next week. Enjoy your weekend.
— Intl Venture Society (@Venture_Society) December 18, 2020
I agree....I doubt the O/S is actually still 141K.....BUT judging by historical volume I would not be surprised if there is only a couple of million (if that) outstanding.
Agree! Peeps will be waking up soon enough! Imagine if any company of real value merges in here.....
Great buys! We are in early, guys......many more will be waking up to this soon!
Me too! And when you combine a micro with a catalyst (such as reverse merger) great things happen! $$$$$$
With such a tiny O/S (I can only imagine what the float is) your .10 is going to look GREAT soon! https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GkEjDe2b0hjEPoWcMKM2-Q2&tabIndex=3 scroll to bottom. Custodianship discharged. Reverse merger on the way!
RWGI .085 Custodianship discharged......reverse merger coming! Last known O/S 131k! https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GkEjDe2b0hjEPoWcMKM2-Q2&tabIndex=3
RWGI .09.....https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GkEjDe2b0hjEPoWcMKM2-Q2&tabIndex=3 International Venture Society motion to discharge custodianship! This means a reverse merger is coming! New owner taking over. Last known O/S 131k!
Wakey wakey! RWGI International Venture Society motion to discharge custodianship! https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GkEjDe2b0hjEPoWcMKM2-Q2&tabIndex=3 This means a new owner is taking over and reverse merger is coming! With this O/S we could fly to dollars quick!
RWGI Reverse merger coming! International Venture Society motion to discharge custodianship! https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GkEjDe2b0hjEPoWcMKM2-Q2&tabIndex=3 which means a new owner will be taking over! Last known O/S 131k! https://www.otcmarkets.com/stock/RWGI/profile A no brainer!
I do believe that patience will pay dividends with XNNHQ. In fact, I think that the day will come real soon when many will kick themselves for overlooking XNNHQ for so long. I just have a gut feeling about this one.....that some day, out of the blue, big news will hit the wire.
https://opencorporates.com/events/1918471277 some need to understand the magnitude of this CERPQ name change to Hong Yuan Holdings. A billion dollar company merge-in to a 22 million float will be life changing for everyone in this stock. The recent run is just the beginning. This is still the bottom floor. When the real news hits, you will see me doing the "Chinese Hustle" from the rooftops! LOL
Actually, the O/S is 49 million....I believe the float could be much less. I have been keeping an eye on this one, there has been some significant buying lately. Makes me think somebody knows something.
In their last quarterly disclosure statement......the actual float was listed at just 22 million shares. I am thinking that the new merge in company owns the rest of common shares and they were a part of the deal that the former shell custodian negotiated. So yes....I believe that the new company already owns the lions share of common stock.
No doubt in my mind.....if you look at the past volume I would bank on a reverse merger being in play. A reverse merger that is significant.
CYPS WOW! Looking great!
The following days here should be GOOD.....
I'm in for a few. Something is definitely up with this one with all of the volume. I don't know what is up, exactly.....but someone knows somethin' LOL.
https://www.linkedin.com/in/chris-winter-19156212 I wonder what he's cooking up here....
From what I understand, they had up to a certain date to execute an R/S if they were going to do one. That date has long since passed. It makes a few of us believe that they changed their mind and cancelled R/S. Hopefully.
You don't lose money until you sell. My advice would be to HOLD. Still a lot of chatter over the weekend about this one and plenty of buying interest in the .20's eventually, more filings will come out here. A shell custodian could be moving in on it, and a reverse merger in the works....in which case will make your .81 buys look very nice. With the right news....this will be multi dollars.
Aside from the incredible share structure and ridiculously small float....the fact that IHAI was reinstated in Delaware made me wonder if Lazar is taking aim at it? It is just speculation, of course....but if so this would run to multi dollars.
Yeah....It did. I always expect some selling on Fridays in the OTC....I will be interested to see how IHAI rebounds on Monday. Big bids in the .20's and when reverse merger filings hit this could see multi, multi dollars $$$ IMO.
I've read it.....what is your question, or statement, exactly?
I have researched the company.....as have several others. It was'nt that difficult. When the holding company submits future filings.....they will be real. And the numbers will be real.
Thanks Jchords. Overall, not a bad Friday. It was expected. I am still riding a free long term position to see what this RM will be. Any kind of decent company merging in should make this run bigly again.
I made a great profit here and I will be riding a free LT position to see if this will be a reverse merger. Very happy with the way this play went.....and there will be more to come. I totally expected Friday sell off. I've seen it too many times. A reverse merger here will be a game changer, more big money will be made.
Thanks for the info, Greek. I was interested in knowing what these guy's track record was....
Some people also think it is a long term investment if they hold a stock through the weekend. OTC Fridays....
Volatile day thus far.....but IHAI will hold up. Reinstatement is just the beginning part of this process. IHAI will see several runs before it's over IMO. A reverse merger most likely in the works here....trade accordingly.
This is only speculation.....but to those familiar with David Lazar/custodianship reverse merger plays, knows that Lazar receives many custodianships out of Delaware. A reinstatement like this has Lazar written all over it. If we get additional filings with Lazar's name, this would run to several dollars quickly. Again, only speculation.