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Added more of this yesterday. Just a matter of time.
Lol, none of the recent financials have been audited. Audited financials very clearly state who the independent auditor is that performed the audit, audit opinion, etc. The actual financial documents are what matter, not a "status" field on OTCM.
Maybe others have said those things, but I never said anything of the sort. I've simply been stating it's the Larry Williams of Paramount and not the Larry Williams of Henniges. Apparently he can afford it, contrary to the opinions of others here, because that's who's gaining control here. The guy hasn't even unveiled his plan and he's getting trashed. Smh
"Which he clearly cannot afford to buy".
The asking price isn't known, nor are his finances, so your "opinion" is just that.
And you think it's not. I agree it's surprising that he would be pursuing this for whatever reason, but the dd strongly suggests this is the case and it's irrelevant how the funds to purchase came about.
It's just a coincidence that a "Larry J Williams II", located in Detroit, posts on his LinkedIn "Seeking executive and non-executive founding board of directors for new roll-up. Free founders equity provided" and the company website is ifan"vision".com?
By "shady" I'm referring to those who think Henniges would "use" the identity of another "Larry Williams" to "throw people off". There's nothing shady about going public via RM, but they wouldn't play games like that if it were them...and it's not.
It's clear some here are still convinced this is the Larry from Henniges. It is not. It is Larry from Paramount, CON-USA, etc. Like it or not, that's who's taking this over.
Aside from all of the dd that has been shown to indicate this, a company the size of Henniges has no good reason to risk their credibility going public in a shady manner. The existing Henniges officer names (multiple names) would be listed for the various officer positions on OTCM/NVSOS, the existing company headquarters address, phone, and website would be listed, etc. I could go on but I no longer have a position here, so no real reason to.
Merger expected 4Q/2021 or 1Q/2022 per new quarterly. https://www.otcmarkets.com/otcapi/company/financial-report/310341/content
Only 1% of the unrestricted OS traded today. To be down 31% on that volume just reflects how thin this trades. Can go up on that volume just the same.
Yep. Back when the name change was only on the NVSOS, arguments could be made that it was another "Larry Williams". It's the Paramount guy. He could still have a decent plan, but based on everything else he has been or is currently involved in, it's not likely to be "huge".
Lazar's priority would still be trying to get rid of the debt first and foremost. Bringing it current costs him more money and doesn't solve that issue. It's possible, but not likely, that the noteholders play ball at some point and then he'd certainly have a reason to bring it current. Until then Lazar's still got nothing viable to sell, whether current or not.
I think the debt here would have probably been settled if it were just one claimant, but since it's several the negotiations clearly became much more difficult.
Yep, practically the whole OTC is on sale right now and the dd on this one in particular is excellent.
This was a shell with unsettled debt before the custodianship and it will continue to be a shell with unsettled debt at this point. Lazar's goal when he became custodian was to end up with a "clean" shell free of debt to which he could sell off control to a suitor. He wasn't successful in his attempts to negotiate the outstanding debts, so he has nothing of real value to sell for the time being. No potential suitor is going to pay Lazar for a shell loaded with debt.
Lazar has had custodianship of this ticker since March of 2020. Lazar was not able to settle the debt brought forward during the proof of claims process. Yes, custodianship was terminated but, unlike many other custo plays, the shell Lazar is now left with isn't "clean", and therefore not saleable with the debt still remaining.
The preferred shares are controlling interest of the company and he didn't take his company public to give up control of it to others. If he wanted to sell his company he would've just done so.
Still under the radar here, but it's coming.
More patents. At some point they'll get bored and move into TRDX.
Granted September 2021
M616695 - "PERIODIC BLOCK WAVEGUIDE DUAL-MODE INTERFERENCE OPTICAL SWITCH APPLICABLE TO FIFTH-GENERATION MOBILE COMMUNICATION SYSTEM"
M616696 - "THE STRUCTURE OF FULL-ADDER SILICON PHOTONIC WAVEGUIDES"
Same here. As more eyes find this, it'll get to where the others are.
So that's 124M shares added since the last 10-Q from May 31. Some of that old debt must have been legit. Like you said, I'd suspect those have probably all been absorbed with the amount of recent volume.
The statement I referenced is from the recent OTCM filings, not from the old filings. Humbling yourself is leaving open the possibility that older debt could have still needed to be settled with the statute of limitations in Nevada being 6 years. For me it's irrelevant anyway because the OS could be maxed out and I still wouldn't care at this price. I don't have any reason to cause fear. There are clearly plenty of people who don't understand the custodial process who will sell on a whim.
Lol, I can't even read it because that person apparently blocked me at some point. I guess they didn't appreciate factual input.
And notice how I reference a filing and you take a wild guess and say "probably". That's not how any of this works. The docs are what matter. You don't have details because they haven't been presented to the court yet. That's what status checks are for.
The shell can't officially be "sold" until the custodian is discharged. Right now motion to terminate custodianship hasn't been even been requested, and therefore not granted. No "sale" until control can be transferred.
Agreed, after the share cancellation hits .50 would still only be a $45M cap. Many other related tickers are already around that or higher and aren't even free from court. Just 3 others Cooley is specifically handling, USC$, FBC*, !FXY, are $40M, $50M, $60M caps. We're only at $12M once the OS updates.
Nice day today. Looks like people are indeed catching on. Still extremely undervalued at this price.
Should be? What is it about this statement from the filings that makes you think it's long gone? If they are legitimate claims, they need to be settled for this to have value to anyone.
More eyes on this now, so hopefully you're right.
Haven't seen PAUL active on the ask at all today, so maybe the old note shares are finally done. Could be waiting for the price to move up again, but hopefully they're all out.
Read Section 3 letter B. in that filing about 2015/16 promissory notes.
Yes, by definition it is dilution, but as trefontane said it is not the typical CEO-enriching dilution prevalent in the OTC. Custodians have limitations under supervision of the courts and can't just print shares for themselves. Any shares added to the OS at this point are from settlement of legit debt from the old company.
Yep, and not much available. Probably gonna be tough for anyone new to get a decent position without slapping.
Of course. A suitor doesn't want a shell with existing debt; they want a clean one.