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It better be spectacular. But they are not known for good communication. Back when they were tweeting, it was like a travel agent was writing the Tweets, and most of them didn't have anything to do with their business operations.
$NECA doing name change! Get in while you can!
Long-shot possibility- The new share structure, and the share price after reverse, could allow them to list on OTCQB, if they maintain $0.01 cent or higher for one month they could apply for QB status. But OTCQB has tighter filing restrictions than Pink, which costs the company more to maintain, so it is unlikely they could keep up with that from what we have seen already.
The new share structure should certainly support much higher share price than $0.01 (perhaps even $1 per share), but they would need to put out constant news through Accesswire and X to maintain those price levels, and they have always been bad at PRs, so I won't hold my breath on that.
A turd... By any other name... Smells the same. Why would FINRA let them change if their filings aren't up to date anyway?
Hopefully it works out well for everyone.
I agree. Total crap. The new OS would be pretty good though (~27M shares), so as long as they reverse the AS also then the share structure should support $1 share prices, but that only works if they PUT OUT FRIGGIN NEWS and KEEP THE FRIGGIN OTC FILINGS UP TO DATE and DON"T GO DARK ON "X".
Hoping for the best here.
I will never invest in any Canouse related stock again. The first thing I will do is look at the companies financials, and if I see - Canouse, JP Carey, Jahoco, Carpathia, Machiavelli, or any hint of any Canouse brother- I will run.
Lets hope for the best. Hey- at least we know they are alive, they went dark for so long, I was starting to think they closed up shop.
So, my glass is half full- because I drank the other half.
It sure does need a miracle. A reverse from here only puts us at $0.05 initially. I am at $0.00088 (ave) at the moment. So, after the reverse, I would need a share price of $0.44 to even break even. I am so screwed. They better pump the livin' shit out of this thing once it has the new name.
They better reverse the AS and the OS. If they do we would have a pretty respectable share structure- Until they dilute it into the ground again.
Yeah, compressing 500 little turds into 1 big one will not help. But, maybe the name change will help us.
I'm gonna get so screwed on this. So will all existing investors. But, it is good they are doing a name change along with RS, that gives me some hope of not loosing to much money.
I was in one many years ago that did name change / RS out of the blue, and it worked out. A spike immediately after the event allowed me to sell out with a small profit before it relaxed down to ~50% of the RS price.
With pickles.
Would be nice to see this come back to life someday.
Wow, 2's are flyin off the shelves today! That should thin out the higher ask levels a bit. Maybe news tomorrow?
Notification of late filing- https://www.otcmarkets.com/otcapi/company/financial-report/382805/content
Only brokers can trade below 4 decimal places, but sometime you get lucky, and if the broker bought the shares at $0.0001, they may sell to you at $0.00015 for a quick profit. If you want it now, you will have to buy at $0.0002. There are hundreds of people trying to buy at $0.0001, so you could wait months if you have a buy order there.
Tad seems to find a new (potential) reverse merger candidate every 6 months or so. We should have another one soon.
Yep, total garbage. I am just hoping to break even now, but they will probably RS out of the blue and screw everybody.
Hell, I would take 0.001 at this point.
I can't think of anything else. I think the next quarterly is due this month, yes? I am not sure if FINRA requires filings to be up-to-date before a name change or not.
Yeah, I saw those. OTC news and no Yield is what I was looking for.
Any good QB or QX plays you can recommend?
OMG! What is going on with this company? No news, OTC yield, and no bid! Total crap-show.
Ah yes, that's when it imploded. Hopefully there is no mention of RS next time.
Yeah, that sucked. That jackass crashed the price instantly with that post.
I agree. Dragging it out like he did for Byo was excruciating.
Yeah, until we get some news we are just hanging around in this price range.
OS is 8,087,771,219 shares 8/29/23
I've noticed the TA has only reported the updated OS to OTC every other day the last two times. They had been updating every day for quite awhile.
Some hits at 2 today. Still, a massive ask wall to push through.
I think it was $0.0003 if I recall correctly, but it has been a long time.
Bid size increasing. Good stuff!
That would be good. Need something to perk up the stock.
A sudden drop in the ask size. Interesting.
I too am intrigued by the potential change in old debts. But it could be that dose of intrigue-anol i just took. The fins will be interesting though.
You're thinking of a different company (Byoplanet). That deal fell apart and Plandai is just a shell company.
Today's volume is the natural bounce that occurs within a couple weeks after a previous big dump of shares from retail investors that found out the deal fell through and placed market sell orders to get out. Now new investors are getting in at a good price and buying 2's.
After enough time goes by, the new investors will start buying 3's in large amounts.
Nice! Good volume so far today. 2's are flyin' off the shelves.
That is the last thing I want. An RS is never productive for existing shareholders, and the only time I have not lost money in an RS is when the company did a name / ticker change along with the RS. Smh.
Yeah, some people think we control the share price from this board somehow. Amazing. I wish. I would not be "in-the-hole" at the moment if that were the case.
Because you want a clean ticker for someone to merge into. A low OS gives the new entity room to dilute if needed. Starting from a huge (~8.2B) OS means the share price will trend to around $0.0002 naturally, and that is not attractive to someone trying to go public, as they would want a high share price to begin with.