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You would trust ANYBODY in the OTC? Now that is unwise.
$HPIL
mister, I am not disagreeing with you here, but if we want an answer the question will need to be wordsmithed a bit. How about:
"What are the future plans for a permanent CEO with NASDAQ experience?"
$RXMD
Because it is a gateway to NASDAQ those preferred shares are very valuable to RXMD. To a certain level he COULD ask whatever for them. I think he is smart enough not to gouge too deeply. He wants this uplist too.
$RXMD
RXMD can not just eliminate shares that someone else owns, whether it be commons or preferred shares. They have to "purchase" them somehow and then they can be cancelled.
$RXMD
Jimmy, about your last question. Armen set up a trust for his wife and put his preferred voting shares in it. RXMD is not creating a trust. The deal RXMD cut is to get those shares back and exchange them for commons. Why? Because NASDAQ will not allow super voting shares.
$RXMD
My guess is that the MMs took out someone's stop loss. Setting them in the OTC swamp is just asking to get screwed. JMO
$RXMD
I don't understand why more people don't see that. The company (NETE) trading on November 4 is gone. The payment processing business went to RBL. The only thing in $MULN from NETE is the bare shell. Everything else is changed including the fundamentals and market segment. This stock is seriously undervalued. So why is the SP going down? SMH
$MULN
Sorry, disagree.
$STGZ
No chance of that.
$STGZ
I've bought and sold a couple of times so am riding free shares. I'll make another $50-60k on the next spike. I certainly have no complaints.
$HPIL
I've been here since Angela Collette took over and haven't missed a thing. Does not change the fact that SB does not control when OTCM announces they are current.
$HPIL
Something you seem to have overlooked, sir, is that SB does not control this. OTCM does. GLTU
$HPIL
I do think they are moving toward NASDAQ uplist sooner rather than later. The deal announced regarding deletion of the Series A preferred shares points to it. I haven't researched it far enough to say it is a NASDAQ requirement not to have super voting shares but I've seen a couple of instances recently where they had to get rid of them. Mullen Tech. is one of them.
$RXMD
Actually Duffer, the currant is a shrub that produces berries used in jams and jellies. GLTU
https://www.britannica.com/plant/currant
$HPIL
Sir, you may be correct that there is no linkage. Certainly there is no evidence. BUT. If RXMD could obtain this business and expand it into Medical, it could be huge.
$RXMD has connections to many hospitals, nursing homes, and doctors, all of whom receive payments. They could also offer it to competing pharmacies. NETE's problem is that their main clientele are restaurants, which tanked due to Covid.
Food for thought.
$RXMD
In the last 2 years I have doubled my money. And I won't have to give any of it to Uncle Sam. Think about how many more bikes you can buy when you hit 59 1/2.
$RXMD
I am 70 and my pecker still works. You have time. Git 'er done.
$RXMD
I rode my brother-in-laws CB350 to my sister-in-laws wedding so I could ice down the beer for the reception.
$RXMD
The beginning of crotch rockets.
$RXMD
You can only CONVERT IRAs or 401Ks. Transferring anything else is subject to the $6,000 rule. Screw the bike, get this done. It is that important. (I used to ride too. Now too old.)
$RXMD
Wrong. Mr Brown is worth many millions and said in the last CC that he was paying those salaries.
$HPIL
Not.
They also say "Don't eat the yellow snow". Wise advice.
$RXMD
Correct. You can also roll over a traditional IRA, you just have to pay the taxes when you do. With the way taxes are headed, doing it now is a good idea.
$RXMD
Now is when you need to get it going. I waited too long.
Keep in mind that if you make a profit on funds in your Roth you don't pay taxes on it. Even when you take the money out. You can start withdrawing when you reach 59 1/2.
$RXMD
So suggest they issue a Press Release updating shareholders on current issues and status.
$FTWS
Looks like a good buying opportunity to me. When the NFTs start selling I think shareholders will be very pleased.
$STGZ
Please ask for contact info for Mr. Kovak. Maybe we can get some answers or a PR from him.
$BLUU
You are correct that the 1 for 100 would put us in the $4 to $5 range depending on what the SP does at implementation.
My thinking from there to $17.00 is that NASDAQ would be much more likely to value the stock on fundamentals. It is, IMO, significantly undervalued at present based on revenues and share structure.
Being profitable would also help but we have not yet seen that happen.
$RXMD
DC, you misunderstood. Target price for IPO is $5.00 per share or about 1 for 100.
JMO but I think with the uplist the SP will settle north of that because on NASDAQ more credence is given to fundamentals. The OTC swamp is all about sentiment, news, and manipulation.
GLTY
$RXMD
That should hold true for even the smallest investor. And I think we have a much better chance of seeing the SP near true value.
My estimate is that, after the IPO, we should see something around $17.00 per share on NASDAQ. That assumes an RS of 1 for 100.
$RXMD
If I hold a million shares at $0.05 each or 10,000 shares at $5.00 each what is the difference? If that moves us from the OTC swamp to NASDAQ I'm all for it.
$RXMD
Actually, it is an IPO. The OTC, per the SEC, is not a "listed exchange" while NASDAQ is.
$RXMD
Read the third bullet point:
https://www.investopedia.com/terms/q/quietperiod.asp
$RXMD
Per SEC rules the quiet period will end 40 days after the stock begins selling on NASDAQ. When will it start selling on that market?
$RXMD
Fact is, those two spikes you point to were the market reaction to legitimate news that the company released. No pumps, no promotions.
$RXMD
"Grassroots"? That's bullsh*t.
$RXMD
Not much. Up to .00045 on 840k volume. That was on 9/1. Nothing since.
Agreed. You have nailed it.
$RXMD