likes to run with the Old Dogs.
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If you say so.............pffffffffffffffft
Price isn't moving cause volume is down to 20% of the recent average. No one wants to buy this stock at current price, as evidenced by the quarter million sitting on the ask... Maybe at $0.0002
From what I hear, AABB is a losing stock...
It will be the same old buzz word sandwich and double speak from the boy wonder...
No one anticipates anything of consequence coming from his pie hole...
Boise's housing market has already shown signs of cooling. Now a financial analysis company predicts Boise will lead the nation in home price drops in the next year. According to Moody's Analytics, Boise's prices will drop because the market is “overvalued” by 70%, one of the highest rates in the country .Jun 15, 2022
Anyone slapping this ask in the last 3 months is under water right now…
These guys build some butt ugly houses… Look like oversized trailers.
Lawyer pocket..
AABBPAY DOA...
It had it’s day last year.. some think it could happen again, but they are believing in Santa Clause.
What happens here when China repatriates Taiwan?
Taiwan: China attack not imminent, but US watching closely, says Gen Milley https://www.bbc.co.uk/news/world-asia-62022308
Show the board yours then...
Saying it, won’t make it so…
To your questions.
1) Finra issued an information notice in 2019 covering this topic. https://www.finra.org/rules-guidance/notices/information-notice-051019
2) The $2.50/share is a margin maintenance requirement placed on the entity shorting the shares. No money changes hands for this. There is no favorable treatment.
3,4) MM are permitted to make a market in a stock to provide liquidity. They can move the intraday price but only with a coparty to buy or sell. They normally do not carry their own inventory but buy/sell per their customer orders.
I stand corrected... Too early without coffee..
You did read that the unrestricted also increased by 525 million. Nowhere in the agreement were the consideration shares said to be restricted...
OK then... No memo but you know how it happened... lol You don't know how many shares I own but think you do.. The dividend will effectively dilute but OK...
Dead ears seems to impact lots of marks here...
What are these willing facts? I see nothing but bloviation and dreams..
Oh really? I must have missed the memo regarding that "conversion". Restricted shares are a part of the outstanding share count. They are restricted common shares. Since they are part of the outstanding share count, management has no ability to "convert" them to treasury shares as the company no longer owns them. They cannot be issued as dividend shares...
So this 1:100 dividend will require 24,939,446 shares while there are only 6,055,310 shares left in the treasury. Guess everyone knows how that will work...
Blow up the AS, it's coming...
At today's price, $0.0042, the $20 million loan represents 5.41 Billion shares.
The lender also gets 0.5 Billion shares as consideration for the loan agreement..
Such a great deal...
Note of caution from the KRFG 10-K
We are not a Hong Kong operating company but a Delaware holding company with operations conducted through our wholly owned subsidiaries based in Hong Kong and the British Virgin Islands. Our investors hold shares of common stock in King Resources, Inc., the Delaware holding company. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong operating subsidiary and will be dependent upon contributions from our subsidiaries to finance our cash flow needs. Our ability to obtain contributions from our subsidiaries are significantly affected by regulations promulgated by Hong Kong and the People’s Republic of China (“the PRC”) authorities. Any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to “Risk Factors – Risk Factors Relating to Doing Business in Hong Kong and China.”
There won't be an update till the shares actually change hands... they will dribble out over time. You are welcome to read the agreement on EDGAR...
Oh yes I can, but the terms of the agreement are:
Section 8.1 NO RESTRICTIVE STOCK LEGEND. No restrictive stock legend shall be placed on the share certificates representing the Put Shares.
Let it sink in that the lender gets 525 million shares just for signing the deal and then gets his shares at 88% of average price for past 5 days when transacted... While the discount is not that steep the sweetener is pretty heavy at 8.75% of the authorized...
With a mere 6,056,310 shares remaining in the treasury, unless they jack the AS, the greatest worthless dividend they can offer is 1 for 412 shares one time or 1 for 824 shares twice...
Even if all of today's volume was from shares converted to cover debt last year, there would still be 2 billion shares in the hands of folks who received debt shares at 0.00015...
EXPECT A FEW MORE DOWN DAYS...
Even if all of today's volume was from shares converted to cover debt last year, there would still be 2 billion shares in the hands of folks who received debt shares at 0.00015...
EXPECT A FEW MORE DOWN DAYS...
Hurray, the gap got filled......
+3%, weeeeeeeee
Those 3 billion shares converted last year at 0.00015 average are being offered at usurious prices now...
market realized this has no there there... just hot air from a few undisclosed promoters...
and is at present... Down to $2.50, 11% in under 30 minutes trading...
Neat, but it will have no effect here...
Looks like it opened at $2.83, down now 4% premarket to $2.72........
Weeeeeeeeeeeeeeeeeeee
News release would do no good and prove nothing. It would be just like all previous releases, just more hot air from the stooges...