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Anyone have thoughts on the Share Issuance?
From latest PR, "The company has closed on a $16.5 million equity investment lead by institutional and accredited investors. The company sold 660,000 shares of convertible preferred stock that convert into 132,000,000 shares of common stock upon registration. This represents approximately 31.2% ownership of The Company. The Company expects to use the proceeds from the offering to procure GPU mining hardware and for general corporate purposes."
So if 132M Shares = 31.2%,
423M would be total O/S at the point this transaction fully registers?? Of the 68.8% remaining, the current share structure only has 9M O/S, or 2% of the whole when this completes. Can anyone shed some insight on how this issuance may affect things going forward?
Was a solid paid price at .23,
When you look at the share structure, and the fact this was a QB Tier OTC stock, it has got to be one of the more well maintained shells. Hard to think it sat that long without some attempt to bring a company into it. Hoping it has a run that can mirror APLD, but they are going to be a big winner. We'll see what FCIC can do. Bid/Ask is so wide currently, orders go off anywhere in the range. Volume will come in time.
Any more micro float shells that you know of??[APSI/IHAI, been on the move of late]
Hey Swampy, a long wait deserves a good reward, hopefully this will deliver. GL!
ViperPod..
I suspect this stock got beaten down by a conjunction of things, it was a new issue that the IBs had control of for the most part, it boomed to $5, and was walked down. They had some share issuance as well. Still think it has billion cap potential especially with Canada being as stringent with their environmental laws vs here in the states. At a $1, it's probably an easy 5-10x in the next few months/year. They have the product, it's about getting the revs/contracts. GL
Has it been a shell that long?
I see OTC states it's been QB tier since 2014, but wow 14 Years A Shell. At least it's been sold now, maybe the shell game begins again.
Some DD Tweets From A User..
All credits to the Twitter poster! Seems this shell has been well kept for quite a long time! $1M Cap, got to be some upside if one can get shares
$FCIC from CLAD website https://t.co/20OQMg3urP pic.twitter.com/DlaeZsF1Dk
— Adijas (@AdijasStocks) April 27, 2021
Kid Bon
Perhaps I am confusing the details. They've done so many of these capital raises/shelfs/debt for equity swaps, and each time there is a bit of variance. Do you recall which PR included the Expiry date of May '21 for warrants? I guess too they are also running into 2nQ earnings release around May 1, correct? Not expecting too much out of GAME, if something happens cool! June 4th will be 1 year since NAS application, that was under Torque, lots of changes since then
FCIC, 3.4M O/S, OTC QB, $1.1M Market Cap!!
https://www.otcmarkets.com/stock/FCIC/security
Gotcha Jho,
Some seem to think the NAS uplist is on the horizon, I will believe it when I see it! GAME has had it's issues maintaining any rallies, so you might get your lower entry price soon enough. At this point any significant news would be nice. Volume has certainly picked up. GL
jHoDown..
Hold up, now that it rising a bit you want it to go back down??
Did you exit out looking for a lower entry? Been interesting to see the volume pickup on both the US & Canadian side over the last week or so! Game usually does give it back, so you may get your wish. I'm sure Engine would like those warrants to have to get exercised at the higher price range, maybe they drop something to make it move a bit!
Good To Hear Belg!!
Congrats on that 40%,
Not many can say they were 2 years in the GAME & survived those R/S & got out with a profit. Can't be mad at that! Good Luck on IQST, think that will be a sure fire winner long term. If you have any dry powder, pick up some APLD & AWGI if you can!! APLD is a long play, buy & forget. AWGI should deliver within 3 months! All the Best, will probably catch you over on the NEXE board!
You Still aboard, Belgian Waffle?!?
hope you haven't departed the GAME & that IQST is still delivering the goods for you!
Casino Loading Going On..
Lots of action over past few months between .0001/.0002
1.4B O/S, T/A Updated on OTCM
$280k Market Cap!
Those are Rare...
Not too many make that long journey from penny to multi dollars and hold on. Certainly a challenge & risk to find them. There are some notable ones though, MMEDF/ALPP/HMBL/TSCRF/ONPH/GPVRF
Maybe soon Bondo,
I'm hopeful for GAME/MLLLF, seems there was some late action on Friday that made it move a bit both in Canada & stateside. As for the Market Cap, I have watched this MC double with share issuance & price relatively stable. It was a 7.6M O/S company at the point of the last R/S, it's about doubled & suspect it will double again to roughly 30M, we'll see where the price is in the next quarter. With the capital raises & shelf size they registered they certainly could go out & acquire something of note, we shall see.
Not sure why you were knocking APLD as "garbage", if it's shells you don't like, then in truth you're in a shell of sorts with MLLLF, essentially Torque/Millennium became the shell to launch Engine( they could've easily gone with Frankly or WinView) As for APLD, there is going to be much more ahead there. First primary Ethereum miner to set up, could see some RiOT/MaRA type action when ETH goes airbourne to 10k. Nothing wrong with shells, just got to do your research! But you're right it was .01c...it's 1.40c now though! Sure you'd take that kind of garbage return. GLTA
Looking Good..@1.54
Stretching it's legs.
Interesting Ongoings Here..
https://www.otcmarkets.com/stock/PGGG/security T/A Verified, Low SS
Kid Bondo??
I'm not sure what you're referencing "Really? You are pitching this garbage? was a .01? and you think this is real? come on"
What exactly is that in reference to??? I'm not at all sure if you're referencing GAME/MLLLF or something else that was .01?
MLLLF, "might be a while", because it's been a while, no?? What has the 6/9/12 month return been here on MLLLF? By "not approved" are you talking about the NAS application? Anyway, a bit of a confusing post. Engine is still is the owner of WinView regardless of the current civil dispute, so this should not be a holdup, but a cautionary line on their reporting/filings in regard to open litigation. I'm curious where you see the max MC of Engine being, as all these possible shares/placements/shelfs come into fruition in the near future.
5-zeroMilz
Guess the question I would have is what was Krisa's role in RNWF, as you are saying it was Synergy that was their custodian. but clearly, at some point Krisa was somehow associated/leading RNWF, you can see that in their tweets.
The indicator I was trying to present is that Krisa as a Custodian holder has not managed to fulfill any merges as of yet. So, maybe RNWF is edging there towards a merge, but it's not alongside Krisa.
To my knowledge, Krisa didn't get either SPRL nor RNWF to the finish line, and are sputtering as you say on SLJB as well. They seem to be moving with AVVH, however. Perhaps, that will be their first one that makes it to the end. Good luck on the next run on RNWF, these custodial plays can be bonafide wins, look at the last 2 months on APLD!!
Well Fiff..
I'm not sure who did what & who is who. But it seems to be there's a pot of stew cooking with that! GL
Krisa Management has taken control of $SPRL. Our focus is to bring it current quickly just as we did with $RNWF. Please stay tuned. Be on the lookout for updates/ filings. Be well.
— Krisa Management LLC (@KrisaManagement) October 23, 2020
Yeah, MEGH managed 2 Trades Today!!
Initially made my watchlist due to the low SS & the custo potential if it was played right. Watched from the sidelines as it went sub penny to .25 and now seems to be a few days away from re touching 1c. Got fortunate with APLD, another low O/S custo play that actually delivered in April. GL with MEGH, might dabble if it gets lower.
ThXStar*
That's quite a list of co's under their care. I see some are still ticking upwards, but others are starting to edge dormant in terms of volume..Will keep an eye on them. Thanks.
Think You're On Point Hock..
I do see though that anytime this dips low, there's always a low dollar print trade that pushes it back up to about even. It is seemingly stuck at .0035, previously it was stuck at .005. So it's not a huge dropoff. Some are grabbing cheapies below .002 at times.
We shall see...guess a year ago & a decade prior this was flatlined & left for dead, can't get any worst right? We wait ..
Wow,,People have shown UP [LOL]
See some new posters on here, and some good speculators posting about Indian IT business with a common name. Hilarious!
This is a pure casino play/pick, there is nothing to suspect anyone is operating behind the scenes on CKYS. Nothing on OTC markets has been touched (with some tickers, if something is happening the first thing you will see is the T/A Updated) that's not the case here.
Pure speculation, CKYS did do a nice run to .002 on 2/16 on 71M volume, the peak date of all OTC tickers. It's still pushing some small volume these days, but who knows what move it will make. It's a lotto pick, but perhaps the winning number already got drawn on 2/16! GLTA
Got To Wonder..
If SLJB will suffer the same fate as SPRL/RNWF, 2 other tickers that the same custodianship previously handled. Volume is starting to dry up, no trading in 2 days. 3 Mos since last SLJB mention from them on Twitter.
Another play of theirs, AVVH seems to be progressing forward, it got to pink current and moved from .000x to .02 in 6 months & currently sports a $30M Market Cap. SLJB seems to be re entering the zombieland apocalypse stages :)
Hey Star,,
What were the tickers SCC were working on that you know of? The only one I readily know of is Megalith, which has been beaten down from 25c to 5c of late. Are there others? I have seen some custos abandon tickers in the past, but am wondering if that's the case.
Good Follow On Volume..
Been a strong volume presence over the last few days, that was an initial concern. But seems the interest is there & the momentum is certainly moving in the right direction. $8.9M Market Cap still..
If I'm reading this right "The company has closed on a $16.5 million equity investment lead by institutional and accredited investors. The company sold 660,000 shares of convertible preferred stock that convert into 132,000,000 shares of common stock upon registration. This represents approximately 31.2% ownership of The Company. The Company expects to use the proceeds from the offering to procure GPU mining hardware and for general corporate purposes."
At the point when they register this transaction, the amount of outstanding common will increase from 9.1M to 141M common shares O/S. Moving the market cap from it's current $8.9M to ~$141M at the current $1 Price. As a comparison, RIOT has a 3.4B Market Cap on 84M shares O/S. At $10, APLD would be at a $1.4B McaP,,let's see how it goes..I am curious as to if 132M shares equates to 31% ownership, who owns the other 69% portion? and how much is represented by "current" common holders...GLTA
OTC Reasonable Age
I suspect the OTC has always wanted companies to elevate to the more respected tiers. It's beneficial for all parties involved. As you slip into the pink zone all risks intensifies. So it behooves companies to want to be on the better more reputable tiers if they are truly reputable businesses. The volatility even on the "Pink Current" layer is insane, much less those lower tiers. Any company with a good revenue stream should aim for those QB/QX levels, it removes a lot of the volatility in pricing.
AgeOR,,OTC Tracking...
https://www.otcmarkets.com/market-activity/indices
There are 9 OTC Indexes There to check out...