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Nickel to a dime a day downwards.....
Maybe they need to pay one of those scammy promotion companies, for daily news about how solar is better than sliced bread......
Sure....
Not much about the restricted shares mentioned, til almost the end. In fact, I can't find anything about redeeming them. Some things mentioned about achieving certain goals.....
I guess that's my point....
Large things like you mention, usually have a simple disclaimer at the end of the filing. This filing even starts off with such, and continues with the disclaimer stuff, throughout.....
That would be wonderful, except that 50% of the filing seems to be related to their "ongoing concerns", about staying above water.....
This is typical however, for all small companies.
At the current rate of daily decline, in just a week or two we'll be down to 3 cents a share....
If it gets to that point, I think even Insta will agree that their entire motive was to rid themselves of those pesky shareholders, by a factor of 75 to 1......I think even if they do report late, they've soiled themselves bad, as far as good behavior in trying to uplist.....
JMO
Have you never been RS-ed to "death", or down to one stinking share ?
I have.....And the reasoning they've used each time is "A higher share price will make the stock more attractive, to institutional buyers".....
LOL.
Well, as the PPS steadily dribbles downward post RS, it doesn't exude confidence for all......
Being under a buck a share, I think, makes it not eligible for NASDAQ compliance.....Will they do another RS, for such ? I hope not.....
What would be a much nicer sign, is some Form 4 actions, of inside personnel buying lots of shares.....With their own pocket money.....Not the type of "giveaway" shares they give themselves, for simply working there.....
I guess.....With no "laws".....
But are the MMs alloowed to "hoard" shares in their own kind of "buffer", waiting for the right moment to act accordingly, for their own profit ?
Or are they not allowed to act as you and me, buyers or sellers of shares ?
Meaning, must they act invisibly in the process, or can they make huge profit ?
What has bothered me over time in the red-green aspect, is that there's always a buyer for sold shares, and always a seller for bought shares.....Supposedly......
I think the MMs are allowed to "hold" a certain amount of shares at any given moment, acting like the buyer or seller of shares, if they wish to take a certain "risk" during an upward or downward trend.....
If this is true, then the MMs can manipulate what appears to be the ask or bid, for their own "profit".....
This has always made me think that the whole trading experience, is really not what is seems to be, even if you're observing with L2 or L3 clarity....
What parts of this are untrue ?
Don't know why Fidelity took this long, to give me one more share in RS rounding upward, but it has appeared in my account tonight.....
Woo-hoo.....One more share valued currently at $1.41.....
Strange that I don't also get one more restricted share......Oh well.
Cmon baby.....
Trigger my 10 dollar limit sell, TODAY.....
True.....
The only snag may be in getting them "transferred" into a tradeable status.....Or worse, could be they are "time" restricted, to the far far future....
But they came clean on their promise....And they are free.
I wasn't expecting any 1606 shares, since I bought in 2-19 and 2-25.....Thought that was beyond their record date....
But I see the new cusip for my 1606 shares in my Fidelity account.
Disappointed though, that they are "restricted".....
1606 CORP RESTRICTED CONTRA
Been down this road long ago, with another microcap.....What they did back then, was make it ridiculously impossible to "un-restrict" the shares.....You pretty much had to "beg" the company, and it involved all sorts of costly transfer agent fees.....So no shareholder was able to ever get through all the steps involved.....It was kind of a "gimmick".....
Maybe this one will be different. Guess we have to wait for filings.....
Jeez....I sure hope they don't have any more expansion ideas, or need to move their office location.....
What was nearly 10 dollars, has fallen to almost 5 bucks.....
LOL.
I've had no real problems, with the way Fidelity has handled things.....
I think the timing of the spin off, will possibly be related to the "D" removal.....I think they said the D period, will be for 20 days post-RS.
Renee is the king or queen of RS announcements. It's almost like he or she simply "lives" for posting about it, when one occurs. Been around for an eternity, and is a member of several other related boards.
Sadly, these posts are only on the day the RS is effective.....As this one was typically "unannounced"......Hope this helps.
https://investorshub.advfn.com/boards/profilea.aspx?user=42879
I just need another 50 cents upward, before I can say I've broken even.
I think it was a well timed presentation today, and as it goes above my break even point(tomorrow ?), I'll probably continue to hold.....
I believe you're correct in predicting 4 dollars plus, in the near future.
GLTA.
As far as the record date thing goes, I probably won't get any spin off shares.....But for you longer term holders, the spun off shares should reflect your pre-RS held quantity of shares, since that's when the record date was "claimed"......Not the current post-RS quantity.
Probably the new 1606 corp PPS will therefore be of tiny "value", starting as some microcap .....But it could rise to stardom......
I guess.....Fairly optimistic.
Finally.....Some clarity on the spin off....."A few weeks"......
Reminds me of the Tom Hanks movie with the mansion house being rebuilt, and whenever the builder is questioned about how long will it take, he replies "Two weeks"......LOL.
I'm watching it. The man just said that all current shareholders have received their 1 for 1 spin off.
Is anybody out there experiencing this, or is the man delusional.......
You sound like a living example of a "singed" shareholder, longtime.
Anybody can say that this latest solar "fixation" is the best, but I've been through many similar promises. Promises including LOUs, LOIs, spin offs, mergers, dividends, etc etc etc..... Sadly 99% of them have never come true, or made me tons of money.....Most of them involved CEOs rubbing their hands together privately, saying "Now I've got those silly shareholders hoodwinked".....
I can at least say that all of them had some brief point at which I could have "bailed", for a tiny loss or gain.... That timely wisdom, is a tuffy....
JMO.
If that's true......
Then giddy yap baby.....Go SING Go!
LOL
Bummers.....
I have to hunt for that reading.
I bought way after that date......
One of the bad aspects of it though, is that there's nothing ever stating who would be "entitled" to it. I guess it's implied, that if one held to beyond the RS-spin off claim, one would receive it.
But with no talk of an EX or record date, you probably would have to battle the company.....
Think of people who bailed on RS day, at 20 something cents........
Perhaps....
And at that point, I'd say forget the silly spin off.
If one just adds an "E" before the D, that would be singed, or slightly burnt.....
I must admit, if it can keep up this daily pace, recovery will be soon.
Someone needs to question this man during the Q&A session, as to the validity of the claim "Creation of two independent companies with 1606 spin-off, including a 1-for-1 dividend share issuance for all shareholders"......
This has supposedly become "effective", since the date of the RS.
The question needs to include that there's no "wiggling out" of the situation with "Yeah, heh, I'm working on that guys"......
Effective - adjective
adequate to accomplish a purpose; producing the intended or expected result:
effective teaching methods; effective steps toward peace.
actually in operation or in force; functioning:
The law becomes effective at midnight.
Was the RS effective? I think so. My pocket reflects this.....
Was the spin off effective? I don't think so. My pocket reflects this.....
I agree.
I wish they would continue fighting the government, on the ruling to be delisted in May......Perhaps even threaten them, with a lawsuit.....
Today there was a SINGD entry in my Fidelity account at the post-RS value, trading up and down just fine. As of late night with markets closed, I now notice the SINGD entry has disappeared, and a CUSIP number only entry has appeared in the "dead area" of my account, reflecting the pre-RS shares count and price.....
Maybe it will stay this way for the 20 day period they mentioned, as untradable......
Odd....
Pretty twisted jargon.
As far as IHUB goes, in my many years of reading and posting, it seems able to avoid any responsibility of adhering to these rules......
If you mean in reference to the spin off "claim", it is after all an OTC...
Thanks for the reply. I thought maybe I'm reading this thing wrongly, as in there won't be a spin off......
What's your opinion, on when we might see a new ticker, in our accounts ?
Supposedly SINGD will remain trading with the D suffix, for 20 days.....
Sounds kind of long, compared to other "D" scenarios......
Also, I couldn't find much info, searching about a "1606 company".....
Sure, reverse splits usually end up poorly. Of the many I've gone through, only a few have come back to profitable, sometimes taking years to recover. I've had much better success with spin offs, to be honest.
Optimism.....
Tons to read, on Yahoo financials website for SING(conversations).....
I'm kinda wondering why in all posts everywhere, no one seems to mention the 1606 spin off stock we will receive. I haven't kept up with reading about it at all. Is the spin off expected to be of no value at all ?
Anyone out there have any clue about it ?
Maybe it will brighten the picture......?
That's probably what I observed, earlier today.....
What do you think of the RS and spin off, as being mentioned in one news event ? Isn't it likely that this double event news, caused the mistake ?
Ok. Interesting news about the spin off(1 for 1). They make it sound like the two actions(RS + spin off), have been executed in this one "action". But, they don't mention a time frame for the spin off, and currently I only see evidence of the RS, in my Fidelity account.
I did see this morning however, that the "removed" original SING listing, showed twice the number of shares I should have received, post RS. As of a few minutes ago, that doubled amount of shares has vanished.....
Anybody else out there have a Fidelity account, and saw the same weirdness ? Any ideas when we might see some "1606 company" listing in our accounts ?
I guess both. In fact, I'm wondering why this one is not on our governments' list of crappy Chinese companies.....
(Shhhhh richrich.......Don't jinx the thing.)
LOL
I had a standing limit order to sell at 7.50........
I just went in and modified it to 10 bucks.....
I may go in and "up" it again, if necessary.
This thing is scary......