Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CE is coming off soon. Mark this post.
30 Days in regards to Jan 24th attorney letter puts CE removal around the start of next week. Load up getting closer. Go BLLB!
This is the week to load. Blast off coming soon! Quiet before the storm!
More info
An affiliate of Xcelerated Revenue LLC, a Columbus-based boutique collection agency serving closely held businesses, has purchased control of Hiru Co. The purchase included the Series A preferred shares and all debt and convertible notes.
Brian Mulhern, a 23-year veteran in the accounts receivable industry with extensive experience across many verticals, will serve as CEO. The new management has reinstated the company, and is now updating company governing documents and working to remove OTC Markets Group’s caveat emptor designation.
Going forward, the company’s activities will primarily involve the purchase and liquidation of charged off and delinquent debt. Hiru will engage XcelRev to manage purchased assets, which will likely include hiring qualified agencies and law firms strategically positioned to achieve the best liquidation rates for the respective portfolios it acquires.
XcelRev was formed by members who have experience in the debtor/creditor industry, spanning numerous verticals and disciplines, including third party collection, debt purchasing and litigation.
Ding ding I think I figured out who the merging company is. It’s been right in front of our eyes this whole time. It’s Xcelerated revenue LLC I believe. They report 1 million in revenue too. Could be wrong but if you visit their site they specialize in debt collection and have a tweet posted with BLLB mentioned.
BLLB entered into a purchase agreement with Xcelerated (merging company) that’s where the 750000 came from to purchase the debt. This is making sense now. Kim’s working on getting CE removal before announcing merger. Again I could be wrong.
Read note 4
NOTE 4 – SIGNIFICANT TRANSACTION
On October 8, 2020, the Company entered into a Purchase and Sale Agreement with Xcelerated Revenue LLC, (“Xcelerated”) whereby the Company purchased outstanding delinquent debt obligations held by Xcelerated. Pursuant to the terms of the agreement the Company purchased approximately $19,997,000 of outstanding delinquent debt obligations for a purchase price of $750,000. As of December 31, 2020, no collections of the debt have been made and the full purchase price of $750,000 has been disclosed as an other receivable. In addition, the purchase price has not yet been paid and remains a liability as of December 31, 2020.
It appears someone or some group working hard to keep the lid on GBHL! A lot of accumulation going on.
Excellent post! Knuckleheads selling at .0088 should read it. Go BLLB!
Bradenhead:
What do you make of this found in the most updated annual report? Note 4 Below
Wondering to where BLLB got 750000 dollars to purchase the delinquent debt. If they recover 20 percent (which is very common) of the 20 million that is 4 million and a profit of about 3.3 million which puts BLLB at an evaluation with current share structure of .03-.04 cents. .0088 is a gift right now by the way. Wondering why do this if going to merge? Did merging company supply the 750000 dollars? Thoughts?
NOTE 4 – SIGNIFICANT TRANSACTION
On October 8, 2020, the Company entered into a Purchase and Sale Agreement with Xcelerated Revenue LLC, (“Xcelerated”) whereby the Company purchased outstanding delinquent debt obligations held by Xcelerated. Pursuant to the terms of the agreement the Company purchased approximately $19,997,000 of outstanding delinquent debt obligations for a purchase price of $750,000. As of December 31, 2020, no collections of the debt have been made and the full purchase price of $750,000 has been disclosed as an other receivable. In addition, the purchase price has not yet been paid and remains a liability as of December 31, 2020.
Thank you for the explanation that makes a lot sense. I agree with you I’m sticking around too because all signs pointing to success!
Hey Bonesy thanks for the information. I’m trying to wrap my mind around this. If you wouldn’t mind could you clarify. You say this is happening in the next coming days. Do you mean a couple of days, a week, a month, etc. OTC changed shell status to no about a month ago although it sounds like you are saying they are being treated like a shell thus no CE removal.
PROFILE DATA on OTC for BLLB
SIC - Industry Classification
2033 - Canned fruits and specialities
Incorporated In
FL, USA, 2000
Employees
3 as of 10/14/2020
Shell
No
Do you have any indication of who the merging company will be? All indications signal that Kim has a company lined up already. IMO
Any further info you have or clarification would be appreciated. Thanks in advance. BLLB going to be a big winner!
I buy what you are saying because CE not being removed at this point is odd, especially when Kim has indicated she has supplied everything that has been required.
Anyone hear from Kim lately on CE removal status other than it’s in the OTC’s hands. God help us with the OTC!
CE removal must be close last attempt to shake shares.
Nice to know hopefully we get that CE removal update soon.
When did you notice that?
Always have some turds who wait to dump the end of the day. Oh well awesome day and the turds selling will regret soon enough!
GTSM needs to move it or lose it!
Thin thin thin to the moon! Go BLLB
None is the answer and debt free.
When CE drops all bets are off. To the moon Alice!
If morons would quit putting up million sell blocks we would be at .01
CE removal straight to .05. No joke! I’m watching all these other penny stocks explode with debt, high share structure, and speculation. BLLB no debt, valued at .04-.05 pre merger, low share structure. They just paid 780000 for a 19 million debt. Average return is 20 percent which is about 4 million. 3 million profit in change and could be more depending on how much they get back. Then factor in rm. BLLB looking for major run! CE has to be soon unless OTC is out to get Kim. Overdue for sure!
L2 nothing after .0065 blue skies so thin. CE is overdue to drop! Let’s go!
Getting ready to launch. Big hits coming in!
Holding Strong. Love it BLLB gonna be a monster soon.
Idiots that will regret it. I hope all the idiots sell so we can finally get to penny land where BLLB belongs.
Thanks georgie18! You are a hidden gem and I appreciate all of your posts and chart reads. You are pretty amazing and accurate. I think you surprise yourself sometimes with how good you are at reading charts. I’m hoping BLLB breaks out big time. All signs point to monster run. Hope CE doesn’t scare peeps off. It should drop soon! Wish you would post more but realize you only have so many posts a day.
You would do well to follow georgie trust me! Go BLLB
I follow georgie18. All I have to say is georgie18 is an amazing chart reader and pretty much accurate. If georgie18 says something is going to happen it happens and so much more. BLLB going to be monster we all know that. The fact that georgie is investing in BLLB tells me winner winner chicken dinner.
I’m gathering from looking at posts that a merger may be in the works. Interesting!!
Anyone know what this is about? I’m interested!
https://www.otcmarkets.com/filing/html?id=14558697&guid=3r5KUFooDQqpy8h
Paragraph...1.03.02 implies an event dated January 31, 2021...
What’s the event?
Don’t be left on the sidelines. CE removal coming any day now. Gonna gap when that happens and not look back. PPS dirt cheap right now gonna run to silver for sure!
Nice catch the shell warning was definitely on the BLLB otc site last week. I know because I posted about it. We are almost there for CE removal. Copper coming!
We might see .01 today.
Just imagine when we have multiple high volume days. Holy Crap! Gonna be sweet!
Let it run idiots keep undercutting the ask!
I agree as well. CE removal will be sweet when it happens but not concerned at all about the CE knowing Kim is doing everything in her power to get it dropped. Like Kim said unfortunately it’s a process. Patience will pay big time in this scenario.
No one selling got to slap the ask. 100 share whacks not gonna work!
Interesting side note. On December 8th I emailed OTC markets asking to why no CE removal. They responded that same day that there still was a public interest concern. Just recently I emailed them again asking the same question. I have not received a response. My thinking is there is no longer a public interest concern and CE coming off any day now. Go BLLB. Anyone selling is out of their mind at this point.
Let’s keep momentum going to penny land. Major run coming! One would think merging company has some major cash flow if BLLB is in the business of purchasing debt. Who has 750000 laying around to buy 19 million in debt. Think about that. We all know CE drop is coming. Then Kim going to unleash this beast.
Based on your post I would guess that Kim was just being compliant and this doesn’t restart the 30 day window. Thanks for the info!