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Like Rghj2 posted, I’m thinking (hoping) it is for insider control purposes.
Yes
OTCMkts not updated yet.
https://www.otcmarkets.com/stock/HIGR/security
New filing on NV SoS. New commons A/S 1,100,000,000; preferred 10,000,000
The court has to grant him custodian before the FM15 can be update. Court date is scheduled for 01/06/2020, so FM15 will not happen until after that date, of course, if granted.
Company officer names changed on SoS a few minutes ago. I’m mobile so cannot post screenshots right now!!
I’m already loaded. Waiting for them to release the Kraken!!
Nice find BD!!
Here ya go bro! I understand how life sometimes pulls us away from the convenience of our “tools” at home during trading hours. It happened to me yesterday.
They updated contact info and company officers on OTCMkts profile page. Indicative that OTCMkts has finished processing their access application. Filings to be posted any moment!
https://www.otcmarkets.com/stock/CUBV/profile
Yep!! That is exactly what that means! If filings are ready to post like Margaret has indicated in a few of her emails, we should see those post at any moment! Good things coming. Know what you own!!
Oh I'm not worried. This isn't my first Lazar rodeo! I have usually staged myself to be holding only freebies by the time we have reached the filings. I'm in or have been in a few of those you mentioned as well. I don't post very much, but every once in a while feel the need to challenge some of the ridiculous comments/claims.
I'm not sure on the filing order...logically, I would say yes. If you look at all of his other custodian tickers, he always filed reports from the last one by "the company" up to present. Even extremely delinquent one's like this one. Also, keep in mind, there isn't any company, therefore, no company depreciation info to put into filings...primarily, only share change info!
I think we will re-stabilize by end of week.
With that said, I'm pretty sure we still need annual reports from 2009 to 2016 before we can go current with OTCMkts. I think between this, the float being higher than people were expecting, some traders sitting in this longer than they had planned for the filings to start posting, some that don't know how to play the Lazar custodian plays, and not to mention, some traders that got in heavily and decided to dump their shares instead of waiting for the remaining events to wrap up and bring in more volume to sell into, is why we have dropped to this level at this time.
I’m not sure what he’s talking about.
A status check is simply the court doing a follow up with the custodian to check on progress of the management of the company to ensure all steps are being taken to fulfill the custodianship. This is standard for all custodianships, although most will meet requirements and get the custodianship terminated before the court status check date.
Where do you base this information from?
I don’t think you’ll be seeing .002s anytime soon! Maybe .02s!!!
Could be money moved over from gains on another Lazar ticker (or other custodian play) that saw gains the past few days!?!?
I never said that they could short with that amount. I said you used to be able to open an account with them for $500 min, and they offer a x6 marginal account. I also mentioned fees were high.
But they also don't have to comply with the day trading rules, US brokers do.
(The above is talking about SureTrader.)
In the post you replied to, I just mentioned that IB offers limited OTCs to short.
Also, Overseas brokers have different rules than US does on shorting and day trading.
So find where it says they have 60 days to file reports after the SEC FM15 is filed!!
I have already done the research. I couldn't find it! The person I requested to provide a link backing up his statement on that requirement never provided it!
SureTrader is one, they allow US citizens to open accts and use their platform. Fees are kind of high though. If I remember correctly, they also used to offer a x6 margin acct and required min $500 to open acct. (if you had $500 cash in your acct, you would have x6 ($3,000) buying power)
Actually, there are several overseas brokers that allow and offer shorting of OTC tickers. Also, Interactive Brokers offers shorting of limited OTC tickers.
You are spot on!! Troy blocked me on Twitter after I called him out while on his vacation in Prague when we were waiting on news after he stated it was coming "next week", 3-4 weeks later, still no news but then he posts pics of him on vacation in Prague.
What ever happen to all those businesses/films etc he had all lined up 2016/17. I called him out on those too, once they mysteriously started disappearing off of the Qtrly and Annl filings with no explanation of their omission.
Agree! I was thinking the same thing. (in ref to your PM)
PFMS -- TA just updated Security Details. Filings coming!
https://www.otcmarkets.com/stock/PFMS/security
PFMS -- TA just updated Security Details. Filings coming!
https://www.otcmarkets.com/stock/PFMS/security
The tweeted "deadline" could have been based on inexperience on her part of how long it would take to complete the filings. It could have also been based on someone else's estimate of time to completion by someone who is involved in the report compiling process, but ran into problems that have to be resolved in order to proceed. For that matter, they could have run across evidence of illegal doings by the company that they had to turn over and resulting in things being held up. We just don't know.
The only fault I hold against her, once we hit the end of the 3rd week of her announced timeline, she should have put out a simple tweet stating they had run into problems meeting the timeline previously announced. And state weather it looks to be resolvable in the the near future or not. I do hate companies that announce a timeline and then can't meet it, but more so the companies, that when they know they aren't going to meet that timeline, they established, to follow up with a statement of status. This just keeps us in the know and shows transparency to shareholders.
Not saying there are those who would not abuse this as well. But this is not a normal situation...this is a custodianship play, they never know what they are dealing with until they are all in. Kind of like bidding on real estate without being able to do a walk through before bidding. You get what you get if you win...and then figure out how to work through it!
Lazar still has two others besides PFMS we are waiting for filings to hit that he was awarded custody of around the same time (CRGE and VDPH). Those two also had FM15s filed.
I would say no, as I could not find anything to support the 60 day from SEC FM15 filing date claim. The only statement I could find dealing with a FM15 and 60 days, I believed was misinterpreted by someone, is below...
"Filing obligations are suspended immediately upon filing the Form 15, but if for some reason the Form 15 is denied by the SEC, the issuer has 60 days to file with the Commission all reports which would have been required if such certification had not been filed."
I have asked for that person to provide a link to support his/her claims...crickets!!
Correct! Funds typically won't settle on a business day the Fed Reserve Bank is closed, even if the stock market is open. It also, usually doesn't count as one of the T+2 either.
I guess we shall see how the $0 commissions play out if it remains available by the other brokers for OTCs. I was ready to jump ship and close my Etrade accounts, but I think I will wait for the dust to settle and see if it sticks. I like that Etrade has allowed me to buy whatever OTC ticker I have wanted, while TD and other brokers have restricted other traders I have traded with from buying.
While I was making money; their broker was "protecting" them.
If $0 commissions for OTC sticks with the other brokers, I'll call Etrade and ask to match the others $0 commission or threaten to close my 5 accounts and all 6 of my kids' accounts and move our money else where. (I have 6 kids I trade for also)
I fear we will experience more games, like paints up or down more than we already do, because it won't cost anything to do it. Therefore, peeps with smaller accts will be more apt to play the paint game as it won't cost them anything to do so, verses not wanting to waste $5-7 just to paint a ticker up or down with a few shares. Now there will be no thought or discouragement put to it.
Just one of my opinions on it.
Yeah! I was reading some of the outrage about E-Trade yanking the $0 commissions on OTCs on Discord and Twitter. I was one of them.
But then the more I thought about it and read about other peeps observations on L2 and trading patterns, I have concluded that $0 commissions on OTCs would destroy the OTC market as we know it now.
That's a result of no commission fees imo
Since he established a “firm deadline date” required of a company’s actions for filings, I’m just simply asking for a link to support his statement.
I have seen where posters in the past on other tickers would post a firm dates they claimed to be legit create panic when that date came and nothing happened by the company to meet that poster’s claim and caused a panic sell off. We don’t need another unjustified panic selloff here!!!
I fear that you have posted and declared a firm “deadline” that these filing must be posted by the company after filing the SEC FM15, that traders that haven’t research what you are saying and not find anything to support your claim are going to see this as a failure on the company’s part and cause a sell off out of fear. Kind of like the O/S error posting did. We still haven’t totally recovered from that error.
If you have a link to your 60 day filing requirement claim, please post it.
The only thing I could find stated if a company filed a SEC FM15 and it was declined by the SEC, the company had 60 days to meet filing requirements.
I also found that once the SEC FM15 was filed, it did not go into effect for 90 days from date filed, therefore any filings coming due during that 90 days would also be required to be filed!