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Well, unpaid Delaware taxes are getting unmanageable:
Franchise Tax: $72,986.30
Penalty: $125.00
1.5% Monthly Interest: $4,386.68
Annual Filing Fee: $50.00
Previous Credit/Balance: $0.00
Prepaid Quarterly Payments: $0.00
Amount Due: $77,547.98
Yes, this is probably the first time when most of the trading went at ask:
Time Price Volume Market
13:27:44 0.03 99703 OTO
13:27:36 0.025 4019 OTO
13:27:35 0.025 4044 OTO
13:27:31 0.03 22400 OTO
13:27:14 0.03 25000 OTO
13:26:56 0.03 5000 OTO
13:26:26 0.03 5000 OTO
Time Price Volume Market
15:18:21 0.03 500 OTO
15:14:11 0.0161 8000 OTO
15:14:01 0.0228 5000 OTO
14:16:21 0.021 4800 OTO
14:16:08 0.021 10200 OTO
I've never seen that much "hopes" in any official document:
"Management hopes that the continued placement of precious metals machines in the U.S.A. and the potential of a global rollout of additional dispensing terminals will bring sufficient revenues"
"The commercialization of any industry has barriers to entry that change quickly and PMX is hopeful that the terminal will meet them."
"In the second quarter of 2015 we continued our business strategy from the first quarter in hopes of building a strong revenue platform"
"The Company continues to explore new and innovative platforms to hopefully develop multiple revenue streams"
"The Company has been looking at various strategic technology partnerships this first quarter that we hope will bring revenues to the bottom line in 2016."
"Management hopes that the continued placement of precious metals machines in the U.S.A. and the potential of a global rollout of additional dispensing terminals will bring sufficient revenues and investment into the Company to sustain its growth and operations."
Just virtual game with empty ticker. Someone is trying to start new pump (it happens sometimes with triple zero stocks ). The company was dissolved several years ago and doesn't exist anymore. The only way to get it back in business - if someone buys this pink shell.
Almost 2mln shares sold at the bid by "impatient seller" in May vs few hundred shares total spent for chart painting... maybe by the same seller. Today's results:
Time Price Volume Market
13:54:37 0.0329 120 OTO
13:51:21 0.023 12500 OTO
13:51:21 0.023 18750 OTO
13:51:19 0.023 31250 OTO
13:50:55 0.024 169453 OTO
11:00:04 0.0329 200 OTO
10:59:03 0.024 10000 OTO
10:43:46 0.02205 4020 OTO
10:43:30 0.024 10000 OTO
10:43:23 0.024 5000 OTO
10:43:01 0.024 8700 OTO
09:50:17 0.0329 911 OTO
"Thats if i didnt know them personally..."
There is no "them" just "him". So, you know Stewart Smith personally?
"Impatient seller" owns about 60 mln shares, as I remember. Of course, it would be nice to narrow the spread a little - to make this trading look more natural. And, please, don't remind me about restricted shares and low float.
Weak attempts to paint the chart so far:
Time Price Volume Market
11:30:56 0.015 10000 OTO
10:43:26 0.015 2700 OTO
10:36:06 0.0299 120 OTO
10:35:02 0.015 3300 OTO
10:34:59 0.03 120 OTO
10:34:47 0.015 11700 OTO
10:34:11 0.015 10000 OTO
10:31:44 0.015 8200 OTO
10:31:07 0.0151 12900 OTO
10:31:07 0.011 400 OTO
10:31:07 0.015 400 OTO
10:31:07 0.012 8900 OTO
10:31:07 0.011 1100 OTO
10:31:07 0.015 10000 OTO
10:31:04 0.013 10000 OTO
10:31:04 0.015 10000 OTO
10:30:19 0.017 10000 OTO
10:30:11 0.0171 15000 OTO
Dear Alexandra,
First, when you ask me anything please respond to one of my posts – that’s how I find this on iHub. Otherwise I can miss your important messages.
Second, please clarify which of the following is a lie:
1. Krong is private corporation in Russia that belongs to V. Chegenev.
2. Krong owns Roshal industrial dump and claims it’s full of precious metals.
3. Delisted US company Aurus pretended that it owns Krong as Russian based subsidiary. It was a lie, because Krong belongs to Chegenev.
4. RVBR has never said it owns Krong, but it pretended to own the same Roshal dump, which mysteriously shifted to another Russian private company Markray.
5. All of the above doesn’t matter at this point because those “assets” have disappeared from RVBR, which is now a laundry pretending to become a “holding company”.
6. BTW, if you visited Krong's website you could see that they still trying to sell that dump (Aurus bonds?) to naive investors. And checking Krong’s contacts you will find former RVBR President Alexej Borisov, who claimed he (and Markray) has nothing to do with Aurus scam.
So, where is the lie?
One thing that always happens in reverse mergers (like transaction that Markray went through recently - from gold producing to laundry holding company) is name&ticker change and reverse split - to "dry clean" dirty history, reduce number of authorized shares, and cut franchise tax. Maybe that's what some RVBR shareholders anticipate now. This company has done this many times. Just a guess...
Yes, and when you sell 20 rings you can always say you own harem.
Seriously, I don't believe in "true shit storm", "barter" theories, and "survival kits". It will never happen in America, at least for a couple generations. I see gold, silver, and platinum as "monetary metals" (read "money") that are artificially undervalued at this point. When World financial system gets re-balanced (and this can happen pretty soon) the real value of "monetary metals" will be revealed. I have survived several huge financial disasters in other countries, when most of the people went broke overnight, and there always was life after this... I mean "normal" or almost normal life. The humanity is not going to disappear if dollar becomes 10 times cheaper. Just some people will get 10 times poorer, and others manage to support their living standards. Not a big deal... if you belong to the second group.
IMO
Some reliable online dealers do sell 1000 oz bars. Like APMEX, for example:
http://www.apmex.com/category/25680/1-000-oz-silver-bars
or
https://www.golddealer.com/product/1000-oz-comex-silver-bar/
Personally, I think it's not good idea for private investor. What would you do with 31+ kilo brick? It's hard to lift, hard to store, hard to ship, and hard to sell later. A big brick has more chances to contain some non-precious stuff inside, so it will be difficult to find buyers and convince them that this is a pure silver. They will probably ask you to cut it to pieces and test. Anyway, the premium on 1,000 oz bars is almost the same as for smaller 100 oz, 1 kilo, or 10 oz bars. That's the staff I have been buying for a while (actually avoiding even 100 oz bars).
"most of the volume was buys". LOL.
Time Price Volume Market
14:45:39 0.0262 120 OTO
14:44:24 0.02 408 OTO
13:00:53 0.0262 100 OTO
12:59:06 0.022 4500 OTO
12:58:42 0.022 46 OTO
12:58:42 0.022 95454 OTO
12:56:07 0.022 454 OTO
12:56:07 0.022 84546 OTO
12:52:37 0.0202 11800 OTO
12:52:27 0.024 2500 OTO
12:52:27 0.021 2500 OTO
12:52:17 0.02 77500 OTO
11:46:43 0.0196 95000 OTO
11:46:32 0.0196 5000 OTO
10:18:35 0.02 10000 OTO
10:18:03 0.0201 8500 OTO
10:18:00 0.0201 300 OTO
10:18:00 0.0201 12200 OTO
It's possible. Although, I am not sure about "few"... BTW, I discovered recently that Delaware lists RVBR with 950,000,000 authorized shares - 50 mln more than we see everywhere else. Hidden millions... And, finally, Markray did get it's tax due increase. It seems like they are not going to deal with this: $1,000+ every months until the company is terminated. They need to sell as much as possible by that time:
Franchise Tax: $72,986.30
Penalty: $125.00
1.5% Monthly Interest: $3,290.01
Annual Filing Fee: $50.00
Previous Credit/Balance: $0.00
Prepaid Quarterly Payments: $0.00
Amount Due: $76,451.31
There are 32,000 shares at the ask. You should try harder to get through.
Time Price Volume Market
13:00:53 0.0262 100 OTO
12:59:06 0.022 4500 OTO
12:58:42 0.022 46 OTO
12:58:42 0.022 95454 OTO
12:56:07 0.022 454 OTO
12:56:07 0.022 84546 OTO
12:52:37 0.0202 11800 OTO
12:52:27 0.024 2500 OTO
12:52:27 0.021 2500 OTO
12:52:17 0.02 77500 OTO
11:46:43 0.0196 95000 OTO
11:46:32 0.0196 5000 OTO
10:18:35 0.02 10000 OTO
10:18:03 0.0201 8500 OTO
10:18:00 0.0201 300 OTO
10:18:00 0.0201 12200 OTO
Actually, Russia (Soviet Union) did take over Cuba in 1962 and losing it now due to economic weakness. OTOH, what would happen if Great Britain introduced "English World" policy which would give them right to "defend" English speaking population around the World from local Governments? Russian Ministry of Foreign Affairs sends notes to authorities in Germany, United States, etc. "protecting" Russian speaking citizens of those countries. Maybe Brits can protect "English World" from local oppression fighting against Governments of United States, Australia, New Zealand, etc. Isn't most of US a "former GB territory"? BTW, Hitler started with defending German population in Austria in Czechoslovakia.
I hesitate to keep this off-topic conversation on cork’s board. Just can’t control myself sometimes, when I see your occasional pro-Russia (read pro-fascist) posts. Bottom line: Russia in 2016 is Germany in 1938. They already occupied parts of Moldova, Georgia, Ukraine. Your hero Putin (read Hitler) has already killed thousands of people. His Nazi theory of “Russian World” gives Russia the right to “protect” Russian speaking population everywhere. Kazakhstan and Baltic States (Latvia, Lithuania and Estonia) are the next. Are Alaska (former Russian territory), Germany or USA (with big Russian population) any different? All these countries force their citizens to study “State languages” – the main accusation against Ukraine that was used as a reason to occupy Crimea and start the war in Eastern Ukraine. Many Americans admired Hitler in 1930s, just like you and VeteransToday admire Putin... OK, I need to stop somewhere. BTW, I like your PM posts more, but this is just me.
Russia and Zimbabwe to join efforts against the United States and European Union http://tass.ru/en/economy/873530 Maybe they need to invite Sirya, North Korea, Venezuela, and Iran to follow. ?
Veterans Today is a well-produced & informative website that runs an editorial line that is strongly against Israel and Saudi Arabia but has few negative words to say about Pakistan, Iran, and Russia...
VT claims to be an "independent and unaligned" voice. It shares many contributors and news analysts with Iran's Press TV. VT's articles are also reposted widely on the Internet, primarily on pro-Palestine and right-wing extremist websites on topics such as anti-semitic 9/11 conspiracy theories, zionism and the "Jewish question" The Anti-Defamation League and the Southern Poverty Law Center have criticized it for promoting anti-semitic and extremist viewpoints and conspiracy theories. Veterans Today carries contents directly from the Iranian press outlets such as Press TV and Mehr News, some of which are affiliated with Iranian intelligence agencies.
http://ppia.wikia.com/wiki/Veterans_Today
It seems like Mrs. Korogod lost interest in this company after recognizing it's not "gold producer" anymore. Actually her presence here would prove that Russians are still in control of this stock.
What financials? This laundry has net income $70,018.34 in 2015, and cash on hands $7,048.67. Not enough even to pay Delaware tax due. Unless David Brown add some pocket change, the State will keep compounding interest and then new tax due next year, etc. Just tell me: how is this "holding company" going to acquire other assets (branches)? What legal business would agree to be acquired by North Hollywood laundry with no money. Which bank would give them loan for acquisitions? Usually players like this find another pinky which agrees to take their shares with hope to dump them on "merger" or "buyout" news.
Bottom line: until Delaware tax gets paid, this stock will become more "scammier" every month.
Are you kidding? Someone spent $50 to paint the chart.
Delaware Division of Corporations
2015 Annual Franchise Tax Report
Penalty and interest will be charged if completed after March 1st.
File Number: 4435535
Corporation Name: MARKRAY CORP
Franchise Tax: $72,986.30
Penalty: $125.00
1.5% Monthly Interest: $2,193.34
Annual Filing Fee: $50.00
Previous Credit/Balance: $0.00
Prepaid Quarterly Payments: $0.00
Amount Due: $75,354.64
I was talking only about "holding period" (one year). As to the trading volume... 1% of ~ 600 mln outstanding is 6 mln every 3 months (assuming this company will suddenly start follow the rules). If you are familiar with history of Markray's predecessors - the management had never lost the chance to drop millions of shares on any rally, and even managed to short their own stock in Frankfurt. But hey... as I said, I have no reason (for now) to suspect David Brown in cooperation with old team. The first couple of PRs will show if he follows the old pattern.
BTW, I am ashamed to admit this, but I kind of agree with last statement of Mr. Korogod (and I said this before) - RVBR shares were issued to cover particular "asset" - Roshal precious metals field. Markray even increased number of authorized shares based on this. How is it possible just to become a laundry and pretend that major asset never existed? They definitely should follow some security rules - officially restructure the company, cancel or reverse split the shares, etc. Usually companies change name in situations like this. RVBR has done this many times.
Shares are restricted because they were just acquired at the end of last year (takes 1 year to release). And, yes, I know "RVBR has got what it takes to play like a champion! Gonna be huge says the Pasta Guy. Spread the word, Gonna be huge said Briggs." http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121064791
LMAO (we agree here )
Let's look further... If you search for publicly trading Laundry and Dry Cleaning companies you will discover just a few names:
- ENVIROSTAR (EVI:NYCE) “a distributor of commercial laundry and dry cleaning equipment, industrial boilers, and related parts, supplies, and technical services.” Shares Outstanding: 7.0 mln; Market Cap; $27.8 mln http://envirostarinc.com/
-U.S. DRY CLEANING SERVICES CORP (DCLN:NASDAQ) – “the largest owner-operator of dry cleaning and laundry stores in the United States, with 68 retail locations located in Central California, Southern California, Hawaii, Indiana and Virginia.“ Pending IPO. Shares Outstanding: 5.88 mln; Estimated Marked Cap: $30-35 mln www.usdrycleaning.com
- US Dry Cleaning Services Corp (OTCMKTS:UDRY) “US Dry Cleaning Corporation (USDC) is a retail service provider of laundry and dry cleaning stores and operations with 34 retail stores and two processing plants.” – delisted.
Now compare their websites, multiple business operations, share count and market caps with overpriced RVBR garage sale.
That's how Markray looks now:
- garage type laundry.
And that's their website: http://www.universalwash.com/
More than $20 mln market value? Give me a break, please. The fair price is 5-20 time less. If I were Mr. Brown I would sell/short this diamond when/if I can. And bought 20 better laundries instead. At least, old Markray owned millions tons of fake gold. And what is now? Just because the laundry, wrapped into dirty clothes of known scam, calls itself a "holding company"?
"we will dye it for you!"
http://makersrow.com/apparel/california/universal-garment-wash-dye
I have walked through RVBR financial reports (starting 2014). It's a mess (if we talk about shares count): issued, transferred, cancelled,... I believe Russians lied about restrictions as they always do (for example, you can't transfer restricted shares like they did many times). So, whatever they own at this point they can sell. Anyway, the current number of outstanding shares seems to be correct: 565,409,893 (I checked with TA), and David Brown (through Universal) owns 517,133,405 restricted shares which will become tradeable at the end of this year. I don't know what are his plans for this new "holding company" which currently is just laundry - well overpriced. Russian crew has long history of involving foreigners in their schemes ("directors", "vice presidents", "CFOs") starting with Gerald Parkin, and ending Aleksandra Korogod. Brown's role is unclear at this point. Why hasn't he bought some clean shell instead of dirty RVBR? First real PRs will show whether new Director is a part of old team. I hope we are not going to see listing in Frankfurt, multi-million buyout offers, dividend announcements, increase of authorized shares count for "acquisitions", reverse split, or something like this. And, of course, they don't have much time to pay Delaware tax - interest is growing fast. This is the first test for new Director. There is no sense to pay tax if you are going to dump your shares when they become unrestricted. Until State taxes are paid in full all this looks like old Markray.
FWIW.
And old Russian insiders didn't go anywhere. They just transferred most of their shares to "special" fund and awarded David Brown by 5+% of ownership for his service. I guess now they are discussing who is going to pay Delaware taxes. Maybe one of the reasons for those changes are current USA sanctions against Russian businesses. They need to hide "the hand of Moscow".
That's because they kept mentioning gold assets in their previous reports. Now, after January acquisition (reverse merger) there is suddenly no multi-billion assets and just laundry that seems to be at least 5 times overpriced. It's like if Microsoft suddenly stops mentioning its software business and announces the company is a laundry now.
And I just called Google and it says it's worth much less. The most fancy businesses go for $1+mln and record business with shopping center is $5+mln. Normal price range is hundreds thousands dollars.
http://www.bizbuysell.com/dry-cleaners-for-sale/
Another question from laundry business novice: is laundry company really worth $25mln - the current public value of RVBR?
After quick research... Universal Garment Wash and Dye LLC does look like decent company (almost family business) in the power laundries industry, and the whole deal with Markray was actually a reverse merger with the purpose to go public. I don't know what previous owners promised to do with their remaining shares (which are already out of restriction, btw), and how Mr. Brown is going to handle the Delaware tax debt... If you believe the latest report they did pay $2,890 State Income Tax and $490 penalty, but this is probably their taxes in California. They may missed the fact that now, being public corporation, they need to take care of Delaware tax too. We will see.
I wonder... where did all famous gold assets go? How is it possible just to ignore company's previous reports w/o major reorganization (like bankruptcy, or dissolution)? But it's OK.
You know... it does look like Markray has become a laundry company now, after acquisition of Universal Garment Wash and Dye LLC, located in North Hollywood, CA. This all happened quietly while gold bugs were sleeping.
https://www.accesswire.com/435342/Markray-Corporation-Announces-New-Subsidiary
Also from the statement we see that Russian insiders did transfer about 430 mln shares to Bontori Ltd. (A bank in Liechtenstein? Offshore account?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98087069 ) and own directly just about 100 mln shares now (rough estimate, not guaranteed).
It's interesting that any mentioning of Roshal dump, Russion addresses, huge precious metal assets completely disappeared. Now it looks like regular US pinky with hidden Russian ownership of millions shares. I did not look at David Brown's credentials and history, but at first glance I see that Russian crew gave up on active managing and transferred control to Mr. Brown hoping that he will take care of their remaining shares too.
So, should we forget about gold now? And what will Mrs Korogod do with her youtube videos? Has management informed her that they give up on gold and this is laundry company now with plans of future routine acquisitions?
One more time, how it works.
1. There are (were) some real gold producing companies in Magadan with known names and history of actual gold production (Markray, Krong, Mayskaya, etc.)
2. Open small twin private corporations with the same name in Moscow region. For example, Markray and Mayskaya were both registered with statute capital 10,000 rub (about $150) in 2009 in Roshal.
3. Buy empty pinky shell in Delaware and change it’s name to Russian prototype (Markray in this case). It’s easy and cheap. There are plenty of scams that changed their names dozens of times.
4. Claim that your US shell owns that Russian entity. Russian assets are very convenient. First, nobody speaks Russian and can confirm US ownership. Second, you can announce multi-billion assets and huge revenues, and nobody can verify it. Third, if you get caught there is no way to find and sue you in Russia… unless you are in Canada, Mrs. Korogod.
I think after Markray is finished the next pinky will be named "Mayskaya" - the Russian corporation with the same Roshal "asset" is ready.
Go to Tools -> More Tools -> My Image Gallery. Then read the screen.
Meris knows. You've just talked with her (newsie).
It has nothing to do with RVBR. Zaporozhstal is in Ukraine. Are you going to show us all videos returned by "gold" in youtube search?
BTW, did you hear Chegenev's answer to the question: "How old is your company?" He said: "Ten years... will be tomorrow." Krong was registered on 12/22/1997. So, this movie was created in 2007. And was recently posted on Youtube by pumpers from magadan-krong@mail.ru - the email used by Aurus for communications (I have tons emails from them).