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.
Very very small float. 100k buy can take it over .30.
Let's go GREEN.......
I figured out the reason for this mini sell off on a huge acquisition news. The management is partly responsible for this.
The stock will recover for sure and may go distance once it goes pink current if not before. Good luck.
Wow, are we on a roll?
BUY WHEN STREET IS BLEEDING, going with this, lol
could be GAP FILL going on!
Not sure about that. Remember, the volume is the KING. Notice, volume is low, very low. Price decrease with low volume means nothing. This ticker was always slow, not many people were here, so it's slow and low.
I will be honest, I am still buying, put an order for 25k at .161, so far almost 20k filled. I am taking my chances, let's see what happens.
As I said, not going to defend anymore, people SELL SELL SELL, I will sell other ones and keep buying this, win or lose, will see later. thanks
Sell people, not going to defend anymore for now, lol
I was just going to say the same thing that as soon as they become pink current, it will bring more stability and attention to the stock. Of course, by then stock price will be much higher if not, in dollar land.
As for the financials and numbers, if they were not somewhat true, they did not need to show $800m asset and $400m income, they could easily report a few millions here and a few millions there.
On paper, $800m (or $400m) sounds large but for a financial institution, it is very much possible (it's nothing).
Anyway, when people laugh at it or us, let's accumulate at this cheap price, we may have a last laugh soon.
Agree 100%. It is already a $5 stock and should be uplisted to the bigger boards. Just wondering why people are not showing that much interest.
Only logical explanation is that people are running for 000s or 00s, lol
Big acquisition, news releases are on the OTCMarket.com, o/s share count is good and financials show big asset, revenue and income and yet for some reasons, not many eyes are here!
Let’s hit a penny today!
Something or someone triggered today’s volume. I am 100% certain, a run is beginning….
Volume is the big indicator for a run and today was the start. Big run started ….
Same possibility for $800m asset as well.
One possibility for this revenue and income in Q1/2021 are that they consolidated their share of revenue and income of their newly acquired bank. So it is possible if the acquisition happened before Mar 31, 2021.
The financials were reportedly, done by a CPA. Hope that guy asked a question or two to verify the numbers. Otherwise, that would be disgrace for CPAs (including myself as I belong to the same community, lol). I wouldn’t be part of all fake numbers. Hope he verified!
Q1/2021, the revenue was $402m, net income was also $402m (no exps at all), little weird. Not sure what they sold and got 402m net revenue and income, no exps.
Seems out of $800m asset $300m with Wells Fargo trust, which should be legit. Anyway, fingers crossed.
today's volume shows the run started ...............
I think overall OTC stocks are little cranky today. Most stocks on my watchlist are red. Probably, this one is following the same. Will get better soon.
We need more eyes!
The recent acquisition PRs are on OTCmarket.com, they updated share numbers with OTCMarket yesterday, the acquired bank exists (have website and everything), they filed CPA audited FSs with OTCmarket. Most likely going pink current soon. O/s shares and float are very very good.
I guess it's worth taking a chance, risk/rewards are too good to be ignored, DYDD
Honestly, I think so too. Wondering why people are not showing up here already! My funds are stuck with other tickers. Otherwise, at this price, I would buy 1m myself, seriously. But I will keep adding.
Wish Devioo RM and crypto play news showed up followed by going pink current, that would be early Christmas!
Looking good!
Agreed, the other day when it ran to 48c, the volume was over 1m. Now price down with only 200k volume. Anyone knows that volume tells you the story, you know this low volume does not mean anything. If it was over a million and price fell, I would worry.
Just keep adding, it will pay off big time and soon.
12m FLOAT can make it GME AMC type stock once it takes off as there are not many shares available to buy . It's not a shell for sure as they just acquired controlling shares of another bank. Also they have their own operation going on.
If you check OTCMarket.com, you would notice out of 497m, only 12m is unrestriced. This means the increase is a restricted share and probably used for this huge acquisition. If it was a mere dilution, the increase would be unrestricted for sure.
Of course, my opinion at this point is pure speculation but 12m float is great. Just wait for it to be pink current that they said going to happen soon.
Float is only 12m, crazy. Total 497m, 485m restricted, you do the math for float. You won't find many in OTC with float only 12m. Updated OTCMarket yesterday.
If the news takes off, people get to know, $5 is not out of the question, seriously.
The PR highlights the activities in progress, it's real deal. As soon as people realize that we are talking about two banks and a small o/s share count, the price will soar like hell. They are going current soon.
I agree. So far accumulated 100k shares. if it falls below, will add more.
For sure, lol. My honest opinion for that is that not many people know it or not interested (for whatever reasons) and the 2nd reason is that their o/s share count increased by about 350m from the last count. Not sure they issued those for new acquisition or diluted. Although, still 497m os/s share count is very good. Anyway, until there is some interest about the ticker, it will be volatile like this or RED.
added 40k more, it's going to the so-called moon.
PMBY New PR: PMBY Highlights Bank Acquisition
Press Release | 07/07/2021
LOS ANGELES, July 07, 2021 (GLOBE NEWSWIRE) -- POSTD Merchant Banque (OTC: PMBY) (“the Company”), announces near term business plan and objectives for recent acquisition Banco PyME de la Comunidad SA.
IMMEDIATE OBJECTIVES
In order for PMB Banco PyME de la Comunidad SA to increase its clients and deposits in the short term, it has planned to develop the following activities:
FOREIGN CORRESPONDENT WITH 24 HOUR SWIFT
Achieving Swift correspondence with 24-hour service in the national Bolivian market is a competitive advantage that must be analyzed in two areas:
Internal Scope of the bank, It constitutes an advantage since operations could be carried out in shorter times and terms, and a Cost Benefit analysis must be carried out in relation to Commissions, Exchange Rates, etc. Another fundamental factor is to establish the position in the FOREX market, which requires specialized people with experience in comprehensive management, not only operational for the department.
External Scope of the bank- Specifically with the National Banks that would see in this situation a manifest weakness and an inferior position as far as competitiveness is concerned. An initial alternative is to generate "Agreements and / or Pacts of Gentlemen" to work in a joint and coordinated way in the concept of "Win Win" with the manifest commitment on our part that there would be no theft of clients, for which we would have to establish control mechanisms to achieve this task.
PROJECTS
STRATEGIC MINERALS RECOVERY PROJECT
PMB Banco de la Comunidad SA will give financing options to the Gold, Silver, Aluminum, Zinc, and other high-value minerals mining sectors.
PMB – BANCO DE LA COMUNIDAD SA PREMIUM LAND PROJECT
This project will be implemented in the lands located in Vinto Cochabamba, containing more than 5 hectares of land, and will be developed to make high security deposits for the storage of commodities such as Gold, Silver, and other high-value minerals.
COMTECO LTDA COOPERATIVE CONSTRUCTION PROJECT
Construction project of 250 homes with a total investment of USD 25 million, the amount required for the project is USD 15 million. Leave a profit of USD. 12 million, only in construction and sale. To this must be added the interest costs of the loans granted to the successful bidders and the increase in the portfolio of PMB Banco de la Comunidad SA.
NEW SANTA CRUZ PROJECT
The objective of the Nueva Santa Cruz project is to carry out the construction of an urban model made up of 100,000 housing solutions in apartment towers, all with first-class materials and services, thought and designed to provide a comprehensive quality of life equipped with all the Public and intelligent infrastructure, with a futuristic vision, centered on people, pleasant and comfortable, that ensures a better quality of life for all its inhabitants.
About Banco PyME de la Comunidad SA
Banco PyME engages in Funds, Trusts, Financial Instruments and other Commercial Services. With over 400 employees, it operates offices/branches in the major cities in Bolivia including La Paz, Cochabamba, Beni, Pando, Potosi, Oruro, Taija, and Chuquisaca.
The company website can be found at: www.bco.com.bo.
About POSTD Merchant Banque
POSTD Merchant Banque (PM Banque) is a duly registered non-depository financial institution that offers clients access to growth capital in the private markets through institutional debt or equity, far beyond what traditional banks can and will provide. Combining global reach with personal, bespoke service, we provide our clients with comprehensive corporate finance advisory services tailored to fit to your needs.
The company website can be found at: www.postdmerchantbanque.com.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
investor.relations@postdmerchantbanque.com
(860) 822-5794
Seems their o/s share count increased from 147m to 497m based on yesterday's update. This is a significant increase but if it is for the consideration paid for new acquisition, then it is rather a GREAT NEWS simply because it will validate that the news is not fake.
In the news release they did not mention as to how they are paying for. Anytime, this piece of important info is missing, people don't trust the acquisition news specially in OTC land. They should release that asap.
Based on the acquisition news and the o/s share count, it should already be in dollar land. I guess not many people know about it YET
Their roadmap is nice and interesting and have a good potential to go big pennies if they implement it right. The only missing part or some uncertainties are the specific dates. They did set a particular closing date other than saying Q3. They did not publish the signed LOI, so we can’t verify the terms.
I was part of another one like this (PASO) with similar terms and a signed LOI. Unfortunately, that one did not materialize in the end. Although I got some dividend shares, don’t know what to do with that, not tradeable.
Overall, everything looks very exciting for now, time will tell.
A PR about the long rumored Devvio RM into ADTM will take it to the moon instantly. Lately, a lot of RM news coming for other companies, don’t be surprised if we get one here and you will pull your hair for not buying in (or more) at 7.
I am holding 30m. If it slides to 5 or below, will add another 50m, seriously!
Seems like the run happened already going to 15, we just did not realize that. Now it’s time to go back to 000s, lol. Should have sold my super large position. I am little upset not for the stock price instead for them not to start filing yet, which would be easy for them as they filed until Jun 30 2020. Not that hopeful on it anymore.
As i said they don’t deserve to be over 10 as they did not file by Jun 30 despite they were in a good position to do so. Of course, they don’t care about stockholders or stock price until they need to dilute it.
I guess some are losing faith in it, can’t blame them though!
But it’s in 30c, why can’t it go up despite the huge acquisition news!