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.
There’s one in WSJ that you missed - $TGLO!
LNG is possibly the next market to explode and one of the biggest players in the game is about to merge in any day now!
https://blogs.wsj.com/moneybeat/2018/04/05/dot-com-blast-from-the-past-for-lng-firm/
It’s in the latest 10Q filed Feb 15th. Page 13, 3rd paragraph.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12557821/content/html
What are they gonna tell me? They gonna tell me about the airline they own who has zero flights available? Or about their rental car company with zero cars for rent?? Hahaha
You just gave me the company list did you not? Have you even checked to see if any of those companies are actually in business?
Of course you must have if you’re money in them right?
That’s a great idea. Call Gifa Airways and try booking a flight!
Or try on their website... Ooops, none available. Not one. From any city.
Sure sounds like a solid company to me! Lol
By the way, don’t forget to click the NEWS tab on google when you are searching for these Gifa companies they claim to own. Or Yusuf Kisa himself ;)
You want good material on how RMs are done? Check Thursday’s WSJ. What’s funny is how many holes are in this DD ;)
And idk about the building. I do know how to use photoshop tho and that would be simple to create.
Not trying to bash. If you believe this guy and Gifa is on par with Buffett and Berkshire than more power to ya! Get them BRK shares for .10 haha
That was just a tidbit lol.
Like I said you can research the rest yourself. Or not I don’t care, it’s your money
He’s right. Sorry if I’m about to blow this thing up...
When you look into the individual companies that Gifa claims to own you’ll find some very interesting info. Start by googling the listed addresses and phone numbers.
Here is one for starters, you can all do the others on your own if you’re still not convinced.
Gifa Bankaclik - Now dissolved
https://beta.companieshouse.gov.uk/company/08825710
Registered to Salih Hakki. You can check the correlation between him and Yusuf Kisa.
What’s more important is what happens when you google the address of Gifa Bankaclik. The first result brings this -
http://interfraud.org/ni_british_connection.htm
Here is an interesting quote:
“According to the BBC, the address is in common use among fake companies operating "boiler room" fake share scams.”
You can believe that there will be a multi-billion dollar company moving in here if you want, but make sure you’re ok with these companies that Gifa claims to own and operate.
What justifies the CEO paying himself tens of millions of shares at .001? This looks like a great company at first glance but damn, this dude looks like he’s a thief when you read the fine print...
“During the period ended September 30, 2017, the Company issued 72,000,000 common shares of the Company to its CEO pursuant to the Company’s employee stock incentive plan at a deemed cost of $0.001 per share. The fair value of the common shares of $1,360,000 has been included as general and administrative expense during the period ended September 30, 2017.”
Agreed. I’m glad the price came back down, I’m continuing to load. I think the next couple quarters are going to be quite impressive
I would be weary that the projected revenues were fluff too, but they were attached to the last 8k so I think it’s a little more than fluff
Fair enough, I am all about the filings too. I guess we shall see in the next 10Q. If it’s anything close to what has been projected this stock is way undervalued
Do do you think Fleaux contracted revenues are fluff?
That officer who sold for $1 is also invested in the company and bringing Fleaux public will greatly benefit them. A lot of insider shares are locked up till .45, some others at $3.50. Also this company files with the SEC, it’s not your typical fluff PR stinky pinky
Delfin already got a $1.5 Billion loan...
Who lends that kind of money to someone with less than $100 million in assets?
Delfin’s assets are likely securing that loan IMO and they most likely will come close to the loan amount
It’s not in the 10k, it’s in a previously filed 8k. And I believe it’s $8 mil, not $6mil
https://backend.otcmarkets.com/otcapi/company/sec-filings/12509586/content/html
Exactly, and the clock is ticking. They have to have the entire project finished and be up and running within 3 years! No time to be fooling around with reverse splits or any of that nonsense.
Plus all their assets are likely securing the loan from Korea, nobody else is gonna lend them the money they need. And even if they could get more loans the interest payments on $8 Billion would sink them. Your scenario is the only way they get this done IMO.
I’m with you all the way man, only thing that makes sense from a business standpoint.
Thanks for all your DD along the way!
Funny how the math works out on this. They need about $6.5 Billion, and time is ticking because they have signed contracts.
In your scenario they are raising millions of dollars, but nowhere in the same ballpark as the $6.5 BILLION they need to get up and running.
In Spy’s scenario they would roll their 313 million commons into preferred shares, then issue and sell 313 million commons into the market after the merger is announced and the price skyrockets.
Do the math in this scenario... 313,000,000 x $20 = $6.26 BILLION!!!
They keep control of the company and they have all the money they need to finish the project and fulfill billions of dollars in contracts for many years to come. Everyone wins, and the only way business deals work is if everyone wins!
Exactly. And remember, there is $160 million in tax credits in this shell. Egan is not gonna walk away from that with only a small portion of that amount
Agreed. Just look at Golar Partners, paying a $2.31 dividend right now. How sweet would that be haha
I wonder what kind of DD that investor did lol. Shorting this thing now is playing with fire!
I called, not denying that the number is in fact to the office of J.R. Munoz.
It is the same phone number listed in his website - http://www.medcannabiscorp.com/contact-us.html
All I’m saying is do yourself a favor and read up on Munoz before you believe a word he tells you.
Well actually I am not a scam personally, I don’t think a person can be a scam haha
Take it easy killer, all I’m saying is his last 4 businesses are PROVEN scams, but hey, maybe he is turning things around on this one. People can change, maybe this new company is gonna make millions, who knows
WARNING: Before you invest I would highly recommend you at least do a google search of John R. Munoz!
Here is a link to one of many scams Mr. J.R. Munoz has been involved in: https://www.ftc.gov/sites/default/files/documents/cases/1998/08/complai5dab.htm
There are a few others out there but you can do your own DD and find them yourself.
Also his phone number and address link to a company called Medical Cannabis Acquisition Corp., which may or may not be what will be merging into this shell. Here is their website’s investor relations page: http://www.medcannabiscorp.com/investor-relations.html
The website just screams SCAM as it is very vague and contains general info about the cannabis industry, as opposed to anything relating to the company itself. IMO of course.
Do you know when shares will be listed for sale? I’ve had my eye on this but there’s never anything for sale on the ask!
This is a quote from their website -
“The seasoned Merger Arbitrage team provides deep insights into the financial, legal and regulatory aspects of announced merger and acquisition deals in the U.S. and Canada that are greater than $500MM.”
http://www.wsaccess.com/Home/OurFirm/PartnerWithUs/tabid/118/Default.aspx
I slapped it for 70k earlier and it didn’t change :/
With Network 1 shares locked up until $1, this could be .25-.50 next week with news
Not a MJ stock YET, is what this should say. This is a company with exploding revenues, who has just started scratching the surface of the MJ industry. They will solve one of the biggest problems in the MJ sector right now, and 1 deal with any of the LPs in Canada will draw every investor in the MJ sector. And again, that would be on top of their already exploding revenues.
As for the audit, this is their first one so of course it is taking a long time. Not only that, there are multiple businesses that need to be audited here, not just one. MULTIPLE revenue streams already with more coming haha. This company is pure gold, even if the stock price doesn’t reflect it YET. But as great investors such as Warren Buffet say... buy the company, not the stock. Great companies grow first, and the stock price will follow.
Should be a very exciting next couple of weeks here!
Insiders all cashing out now. It says right in the filings that if the merger fell through Allen and Handerhan would likely terminate their employment as officers and the company would cease operations. Looks as though they are converting preferred to common and taking what they can get before the end
Do you see anything about conversion price of warrants in the filing?
Does it have anything to do with Morgan Stanley??
Sure is! This is an extremely rare find, anything under .10 is a steal
I can’t believe people still think they’re gonna get shares in the 6’s. That ship has sailed imo
Exactly! I’m not saying they have a Billion in assets I just threw that out there to make a point. Even if they did “donate” 29% of net assets it would till be beneficial to them in the long run.
And like JerryB keeps saying, they could have way more than 71% of shares already. We know for sure that they have minimum 71%, who knows what the real numbers are at this point.
I think the problem here is that some people don’t have the ability to think long term. Let’s see how this scenario plays out...
Let’s say for arguments sake Delfin has $1 Billion in assets that they would move into the shell. They keep 71% and “give away” the other $290 Million. Might sound crazy if you stop there, but...
Going public will provide the necessary funding to complete their project and fulfill $Billions of dollars in contracts, which they will keep 71% of profits EVERY YEAR.
I don’t know about you but IMO that seems like a win/win for everyone. Who knows what the real numbers will turn out to be but I know I’m sticking around to see them!
Can’t believe there’s all these 9’s laying there and nobody wants them!
Sure is! If my math is correct there’s about .014 per share just in equity. Not to mention positive earnings. This thing should fly next week!!