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I don't mean to laugh, but I'm in another similar deal of his and have been since it went into recvership in July of 14.
These deals don't happen fast and Stevens will not put out any PR's. The next thing you will probably see is an 8K naming the company that they will RM with.
Yep, I made the same prediction and was laughed at a week ago....
But I agree, once news of a plan from Stevens is released it will fly.... Just $EWC is going to!
I agree with you.... I was just curious as to what that meant.... What all the numbers meant from that link.
Looks one did on February 12th.
Can anyone explain what "short interest" is? And how it applies here... http://www.otcmarkets.com/stock/SEWC/short-sales
The court awarded Robert Stevens receivership of the company.
Huh?
With one glaring and obvious exception.... No one is pumping it and the only dumping I have seen to this point was last Thursday when someone dumped 200M shares.... At the lowest possible price, so they obviously made no money!
So it's not being pumped and there is no dumping.... Remind us how this is "pretty typical of your penny P & D???"
Good morning SEWC! Is this the week?
Why buy 200M shares, hold them for almost 2 years and then dump them on the eve of a R/M?
I assumed with the markets closed tomorrow and many people already heading out of town that it would be at least next week or the week after.
Yep that's him exactly!
I have this one on watch, once it dips back to .001 or lower... I'll buy in!
I only say that because it will take that long before any details are released! Stevens doesn't do fluff PR's and people will get bored and scared when it doesn't develop right away and they will sell.
Once news is released it will skyrocket! I just don't think that will be anytime soon.
I hope I'm wrong! GLTA
I am in another one of Stevens' plays and have been sitting on my shares for going on 2 years. It was a VERY similar play to what I see here!
Its just my opinion but this will dip back close to .001 and be close to the same time line (1-2 years) before this takes off!
Again JMHO!
Well even if that were true, they will run this puppy up as high as they can before the announce that! So I think I'll stick around and make a little money first!
All I was saying that 1.95B O/S with 500M A/S screams R/S. I can't help but think that this is what is keeping this from running.... The unknown of how big the R/S will be.
Personally I think that if the do 1-10 R/S that this stock will sky rocket and give them lots of room to raise capital!
It would be a win:win! JMHO!
The last O/S I saw was 1.95B!
Vlnx
Once the finalization of the merger is announced, it won't matter what anyone post about Stevens, good or bad! In the short term this stock is going fly!
Once they release the details of the R /S or however they are going to restructure the shares it will probably dip. If it is something stupid like 1-100 or greater.... Get out, they are about to rape us all!!
But if it's a 1-5 or 1-10 and they have 100-200M shares to sell to raise capital.... This is 's home run and could easily reach $1-$5.00 in the next year!
The short of it is this.... It's going shoot up on news, if you have a good feeling about the company and can afford it, stick around and play it long! If not sell it off for a profit and go looking for another play!
I bought .0001's and .0002's back in 14.... I'm going to make money on this.... It's simply a matter of how much at this point!
All IMHO of course!
This is the first time I have read anywhere about Robert Stevens being accused of anything illegal or even suspicious!
I also find it almost laughable that "the SEC just looks the other way while Stevens continues with his highjackings!"
Would allowing a shell to be delisted and stockholders to lose everything be a better option???
So you honestly believe that a new company will R/M into this, set up a new A/S of 500M, perform a R/S and sell off everything on the floor to make 20-30K???
Now offense.... But that makes zero sense!
They can play this right and easily raise millions is working capital for what is already a largely successful business!
You should stop talking to whoever gave you that advice!!!
Oh I agree 100%! I was just throwing Bar's words back at him.
I think if they do a R/S split along the lines 1-5 to 1-10.... This thing will run to penny land over night! (probably in the .30-.40 range within a few months)
But if the get greedy and go 1-100 R/S or above.... It's toast!
Excellent point, I haven't seen any promises or pumping out of this company or out of Robert Stevens!
This is looking VERY legitimate right now!
I'm hoping that IF there is a R/S it will be something like 1-10! But as long as it's not over 1-100 we should be golden!
If they bought up 1.5 billion or so and did a 1-5 r/s, that would give them control of 300M shares, the rest of the stockholders would own 100M shares and they have 100M shares to sell. (this all based on 2B current O/S and new 500B A/S)
Given the right PR to go with this type of setup..... This stock would skyrocket!
***this is purely a theory!***
If the R/S is a true 4-1 (given the OS of 2B down to the new AS of 500M) then yes we are gravy!
But my guess would be more along the lines of 100, 500 or Lord help us 1000 to 1 RS. That would give the new company shares to sell to raise capital.
Robert Stevens would be my best guess.
Can someone explain the following.....
Entity Actions for "SOCIAL LIFE NETWORK, INC"Sort by File Date Document Number Action Type descendingascending order
1 - 20 of 20 actions Actions\AmendmentsAction Type: Amended & Restated ArticlesDocument Number: 20160120898-37# of Pages: 5File Date: 3/17/2016Effective Date: Previous Stock Value: Par Value Shares: 2,000,000,000 Value: $ 0.001 Par Value Shares: 12,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 2,012,000.00 New Stock Value: Par Value Shares: 500,000,000 Value: $ 0.001 Par Value Shares: 12,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 512,000.00
OK I hate to be the one that has to put on the dunce cap, but.....
If the current share structure was 2 billion and the new share structure is 500 Million (basically 1/4), does that mean I now own 1/4 of the shares I used to.
And if so, how is that any different from a r/s?
From everything I understand about him.... There will be no fluff PR's. The next news will likely be announcing the completion of the merger and the courts acceptance.
That could just as easily be 6 months from now or tomorrow!
Up is about the only direction it can go! Lol
Per the terms of the receivership, Life Marketing must have $5million in assets to be eligible for the merger.
They may have that already but I have no clue. I find it interesting that a company they own PR's about securing $3million in investment capital days before the 8K. Now almost a month later there has been nothing new.
My guess is that they have some more money to raise. IMHO
Per the terms of the receivership, Life Marketing must have $5million in assets to be eligible for the merger.
They may have that already but I have no clue. I find it interesting that a company they own PR's about securing $3million in investment capital days before the 8K. Now almost a month later there has been nothing new.
My guess is that they have some more money to raise. IMHO
So basically we will be waiting for them to secure $2million and then finish the details of the merger.... Could be August or September if they are able to raise that much money at all!
May not be the slam dunk deal some of us thought it was.
A week to get there? Two weeks, a month?
I think it flies to a penny in less than a month! Jmho.
But again, when you say "fly time".... . 01 in a week, two weeks? . 05 in a month?
Or does it get to .005 and they restructure?
Just curious on everyone's thoughts? Best guesses.
Just out of curiosity, what qualifies as a "chit load" of shares? Just curious if my 7 Million shares qualifies as that.... Or if I am the smallest fish here. Lol
Also, just looking for experienced opinions and guesses.... Where do you guys see this going... short, medium, and long term?
Was that 10.8 million one purchase? Crazy that someone would give up that many shares on the eve of a rocket launch like this!
Not arguing and I'm certainly not an expert, but from my memory.... I understand that nothing can be done to the share structure until the merger is complete.... Per the agreement of the receivership.
Now having said that my memory had been wrong before.... Ask my wife!
Anybody else know the answer here?
Bid just increased to 2 but still no move on the ask..... Tic toc tic toc.... Any minute... Any day!
About 175Million on the bid at 1 and about 38Million on the ask at 3.
Nothing has moved today.