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Yep, the late 2020 / early 2021 bull market was absolutely fantastic. TSNP went off, and dozens upon dozens of other OTC stocks went off within roughly a 3-6 month span. As I'm sure you remember, many of them climbed to $1 billion+ market caps from absolutely nothing. It was quite an epic market, and it can happen again. Hence why I continue to camp out here and wait for things to turn in our favor. When you see a straight line and several weeks or months of record breaking volume, you will know that our patience has paid.
It's not going back to the expert market. Unless Sharp abandons the ticker, which he has already stated he has no intention of doing (even with $GVSI, which was by far his most difficult ticker). If you don't believe Sharp, then perhaps that's another story.
As far as the purchase goes, it's a matter of supply and demand. Someone wanted shares, and there were no sellers available under .01 at the time the order was placed.
Just as traders can drive the price down substantially with excessive rumors, fear and negative minded speculation, it can work in reverse as well.
I just hope a deal gets done here soon. Calasse has been holding up this show for quite some time. I believe the time is right for an OTC stock to go parabolic again. Why can't it be $WNFT?
If we can make international headlines, then the volume will increase substantially. When that happens, we could see $1+ per share. But it requires that the stock gain significant exposure and is correctly digested by shareholders. After all, we are talking about creating an imbalance of supply and demand here, just as we have seen on the way down (supply of shares far outstripping demand).
That said, I'm optimistic, and my gut tells me that $WNFT goes parabolic eventually. If Calasse would simply go away, shareholders could potentially benefit tremendously. We either hit the jackpot here or nothing at all. I'm taking whatever I get from WNFT, and buying gulf coast Florida real estate, that's for sure.
Either Calasse loses and we see a parabolic run on high volume, or it's dead money.
And what are those reasons?
When a OTC company files a Form 15 and tells shareholders they are doing it to save money - don't believe it - because there are other reasons and none that are good for shareholders.
We can easily move past .01+ and in fact it did that the other day on very low volume. I would love to see $1+ WNFT, which is no doubt a possibility if we get the right volume and conditions.
At this point, $WNFT is either going to retire my family and I, or I will hold onto my shares forever. Welcome to the land of milk and honey, where dreams are crushed, retail traders fight each other for entries and exits, and every now and then, a zip code is changed.
Trying to convince I-Glow is like trying to convince a brick wall. You are correct that going from SEC reporting to OTC markets reporting would NOT result in the expert market, as he has suggested.
Although many believe Sharp is full of $hit at this point, the move would in fact result in cost savings, which is the main goal. This Supreme Court case has been ongoing for quite some time, and until WNFT is ready for a merger or some type of deal that requires SEC reporting, it's simply a cost saving maneuver.
GVSI from .002 to .20 - a fantasy now, until the next bull market for OTC stocks. Do you know what happened in 2020-2021? If the economy goes into the gutter, the money printer goes brrrrr.
We only have so much time before the next series of stocks goes absolutely ballistic. Each run and cycle has the potential to be more powerful than the one prior. Time and chance fellas.
You’re assuming the Supreme Court remands the case back to the district court for WNFT. I would strongly disagree that Calasses fraudulent actions from 2013 warrant any consideration from a legitimate court of appeals in the state of Nevada.
It is evident from the briefings and dealings primarily in 2013, that Calasse was a fraudster, or at least he was involved in a very sketchy pump & dump scheme, in which it is additionally very evident that he directly lied in press releases, in order for a bunch of unscrupulous firms to dump $10 million+ in short order, while the share price of $GOFF collapsed in the process.
Any consideration given by the SC therefore, directly contradicts common sense with securities laws and would be considered null and void.
The SEC is the supreme law of the land when it comes to securities, and Calasse along with his dealings with these sketchy firms had missing paperwork all along the way, and couldn’t even provide a registration statement for the shares that were dumped.
Unless I’m missing something and this nation has gone completely insane (lawlessness without any regard for the best interest of all shareholders), then Calasse will lose this case hands down.
What’s good my good luck charm! How was your day? $GVSI pumpers? Thoughts? Doomed until 2025? Let’s hear it my friend!
What's so difficult to believe about that?
For example, a common argument that I hear is: "Sharp hasn't gotten a deal done in almost 3 years for his tickers."
I would argue that just as important as completing a deal is, it's also important to complete the right type of deal, and under the right type of market conditions. You don't just "drop any sort of old deal" into the ticker and hope that it pays off.
Instead, you diligently seek out the best deal for shareholders, and audit companies to ensure they are not only compliant with securities regulations, but additionally would be a deal that would potentially be favorable for all stakeholders, insiders, directors. etc.
That said, if you're looking at this in terms of believing that all of Sharps tickers are scams, then you might as well just sell and move on. There's no point in convincing you otherwise, you move on and find another investment.
I'm still here because I believe Sharp has every intention of benefiting shareholders in the right time, and perhaps I am alone in that belief, or close to it. No worries, and best of luck to you.
Once people become married to a stock/CEO - they put blinders on and ignore the facts. And resort to posting more nonsense to defend Sharp.
Let's discuss the facts then. Last I checked, there is ZERO dilution or intentional share issuances with the sole purpose of benefiting the CEO of the company, which is George Sharp. You can go back to the same terms and arguments you always use, but it doesn't change the facts.
That is, no dilution, and that GOFF/WNFT has been SEC reporting since late 2021, and tradable with all major brokers which allow the trading of OTC stocks. None of this would be possible without Sharp taking over the stock. Would you rather have a dead ticker that is not tradable with brokers whatsoever?
First what has Sharp accomplished that is so much greater than Rosen.
Rosen does deals that are highly toxic and dilutive to shareholders. Now you could argue that HMBL/TSNP was also highly toxic and dilutive, and fair enough. That management team is such a $hit show, no wonder Sharp decided to distance himself from them.
Sharp gave them a brand new vehicle, and they wrecked it with toxic debt and dilution, much like Rosen does with his deals. But before that happened, the stock made international headlines and traded $100's of millions in dollar volume for months. Just saying.
Since Sharp has taken over his shells, (and these are facts that you simply cannot deny unless you have your "blinders on"), his tickers have CANCELLED shares and the share structure has IMPROVED.
Sharp pumped all 3 hijacked dormant/zombie shells - the true believers started buying and buying as you were enriching Sharp.
What's your definition of "hijacked? A legitimate custodianship through the Nevada court system, which plenty of others have done as well? Are you saying every single person who files a custodianship petition has bad intentions and is simply out to get shareholders?
This part is complete lunacy - "but I truly believe Sharp is acting in the best fiduciary duty to shareholders" - no one could possibly believe that - Sharp has been the CEO of FORW for over 5 years and he has brought in two scams and in 3 years Sharp has dangled the carrot about mergers - companies lined up begging to work with Sharp and his worthless shells.
Then I stand alone, and that's fine. Do you even know what the definition of fiduciary duty is? It is not about "getting a deal done for the sake of it." Instead, it's about "acting in a manner that is beyond conflict of interest or other issues that would conflict with the shareholders of a corporation, and ultimately doing what is in the best interest of all stakeholders."
Now, that is a broad definition, and up to interoperation, but the point is, if Sharp was so hell bent on diluting shareholders and causing chaos, he would have done so already. Your argument is that Sharp has the malicious intent of scamming shareholders, when everything has been completely legit and done by the book. Just ask the Securities & Exchange commission what it means to be fully reporting.
Ask the Nevada court system what it means to petition for custodianship of a publicly traded corporation. Just because you throw around fancy terms such as "hijacking" and "scam" it doesn't mean anything.
That isn't Sharp was acting in the best interest of shareholders - and Sharp failed miserably when he neglected his fiduciary responsibilities.
If Sharp intentionally diluted shareholders here with WNFT or SRNW for example, and walked away from the tickers and it was provable that he didn't have any intention of ever completing a successful deal, then there may be cause to believe that perhaps Sharp acted maliciously or without the best interest of shareholders. However, your points, as always, are not grounded in reality or fact, even though you believe that they are.
What are you talking about? Where’s the dilution? Do you know how much it costs to keep these tickers fully reporting? I would bet Sharp is in the red on these tickers, even if we assume he dumped his GVSI shares at .02 or whatever.
Fair enough. Everyone has their opinions, and who can blame shareholders for throwing in the towel.
After all, it’s been coming up on 3 years for GOFF/WNFT and even longer for GVSI. I guess the difference for me anyway, is that I bought fairly low initially for Goff, and I still believe Sharp has every intention of completing a deal.
What comes out of that is anyone’s guess, and it is definitely a volatile, risky endeavor. But I suppose I’m one of the few here from 2021 who still believes that Sharp didn’t do all of this for nothing.
And I do agree with your stance that GVSI has major issues it has been trying to work through, and I feel like you have done a pretty good job of documenting the paper trail in terms of the shit show from previous management and finra/sec issues.
That said, I believe GVSI may present an opportunity in terms of the current price, much as you believe Wnft may present an opportunity with the current price and what could happen with the court decision. Best of luck to you.
Based upon the volume, it looks like it was a nothing burger Doc. Just someone who bought a bunch of shares without there being available liquidity, hence briefly pushing the price above .01.
I must admit, when I saw the price action this morning, I almost immediately checked the Nevada Supreme Court website.
100% let's go Lucky. You're my new good luck charm. Looking forward to seeing hokie jokie & normie again.
You only lose money if you sell. I've sold for a profit on the last run up, even though I could have taken more. Just because the share price is down and it's on paper, it doesn't make it real. That's why it is exciting I suppose to see the share price down here at .0023 after much grief. I mean, it just seems like there's a possible chance that $GVSI might be slightly oversold, that's all.
I’m not saying Sharp is walking on water, but he has done fantastic in terms of not diluting shareholders, and even successfully cancelled shares across the board for his stocks.
The point is, Sharp is the majority shareholder and until that changes, he has a ton of flexibility in terms of issuing shares, and could have dumped on shareholders by now if he wanted.
That said, thank GOD this is not a Brett Rosen shit show, where deals are financed with toxic, dilutive debt that destroys the capitalization structure and ultimately shareholders.
This may be a far fetched opinion at this point, but I truly believe Sharp is acting in the best fiduciary duty to shareholders, and is trying to seek out the best deals, at the right time, for investors.
IMO, nothing else matters but the stock price, which is subject to change. This volatility doesn’t scare me at all Lucky.
Perhaps I’m a robot or an alien of some kind, but I think it’s entertaining to watch traders drive the price down here, while participating in some liquidity/market making myself.
Same with Goff/wnft, yeah it’s not fun to lose $1 million+ on paper, but in some strange way it is kind of exciting seeing your portfolio collapse by such a large amount.
You’re not the one paying the bill either. And it doesn’t make any sense for Sharp to first spend tons of his own money for sec reporting if he had no intention of completing a deal with SEC reporting status.
The good news with Wnft unlike gvsi, is that there is absolutely no reason for the SEC to non allow WNFT to become SEC reporting, given that they have already approved the previous application in 2021.
As always, your theories are not based in reality or fact, and instead Sharp and his scamming of shareholders is the scapegoat for everything. If Sharp was so bent on scamming shareholders, he had every opportunity to issue a ton of new shares and dump them on the market when the stock price was high for GOFF and SRNW.
Lmao no thank you on West Virginia. My wife grew up there, but the gulf coast of Florida (around Marco Island) is much nicer. That said, it's southern Illinois right now. Counting my blessings, including these ultra bearish and super negative sentiment $GVSI shares. Fight me with yur gvnrment teeter chekks!!
I feel like we have to be closer instead of further to a decision at this point, but who knows. The Nevada SC seems like they're a bunch of monkeys running around shuffling papers between each other, until someone stamps it with a banana republic approval.
Hey now, let’s be nice. I was up over $1 million on Goff at the peak, until it turned into Wnft.
Now I’m a homeless guy eating out of trash cans.
Welcome to the land of milk & honey, we hope you enjoy your stay.
And remember, you can check out anytime you like, but you can never leave!
While we’re on the topic of government benefits, I just had this thought and I am dying to know your opinion.
What if the government gave “teet checks” to every single person that hopped across the border, with one rule: invest in GVSI stock.
Surely that would solve the problem of the share price being in the gutter; even if the government gave just $100 to every illegal immigrant to invest in gvsi.
What are your thoughts? Shall I petition my congressman?
The show goes on! (some famous words from Belfort)
Back to OTC markets reporting I suppose. With our luck the form 15 will get approved by the SEC right when the calasse decision drops lol
I do agree with this sentiment in terms of GVSI being an absolute hellish stock for any custodian who would attempt to take over the shit show from previous management. Additionally, it is a shame that GVSI is not registered with the SEC like WNFT and SRNW.
Sharp can't get this disaster registeted with the SEC because of all of its regulatory problems.
Additionally, I would argue that Sharp has tried his absolute best to get this shit show cleaned up, and has faced obvious multiple issues, which you have mentioned and documented for us, so thank you.
That said, I think we must give Sharp at least some credit and appreciation for spending his own money to try and benefit shareholders.
All I'm really trying to say is, who is going to do something about Sharp selling his shares? No doubt, any possible legal action would get dragged in the court system with endless back & forth of attorneys, just like the Calasse case. Quite honestly, I'm not sure if I blame Sharp for dumping.
I mean, they are his to sell, and he put a lot of his own time and money into these tickers, and gets no appreciation (or very little) from shareholders for at least trying to get them tradable with brokers/pink current. He also managed to get two of them (SRNW & WNFT) SEC reporting, which I am definitely glad about.
Additionally, since Sharp has had these tickers over the last 3 years, there has been share cancellations and overall good management of the share structure in terms of dilution. So good on Sharp, for dumping his shares & making some bank.
Now lying about it, I can understand the frustration. But let's prove it then. Who is going to throw the first stone? (or who is going to file the first legal action). But let's go get those 20 million shares and divide it between all $GVSI shareholders! Make Sharp pay for his dirty deeds!!
$GVSI (bullish from current oversold levels)
Just very low retail volume. It really means nothing. I mean, if GVSI trades $10 million in a day, that would definitely catch eyeballs and likely results in further FOMO. The other thing is how quickly this can happen. Just as an OTC stock can sell off 99% from the peak, the volume surge and emotional buying can easily send the stock going parabolic.
I suppose I'm looking at this from the perspective of someone who doesn't care, at least since 99% of my holdings are in $WNFT and $SRNW. I do agree that $GVSI has many more issues than those tickers. You can point the finger at Sharp and say "bad, bad!" but it doesn't really matter unless he winds up in court, and is convicted of securities fraud and/or deliberately misleading shareholders. Even if something were to come out accusing him of wrongdoing, we've seen how things can get dragged on in court for years (i.e. Calasse). I would argue that nothing will come out of it, and therefore it's a matter of he said, she said.
Sharp will deny it. Unless there's an indictment or something that happens in court, it's all smoke & mirrors imo. He said, she said.
The only way I could see a "fraud like scenario", given that Sharp tickers are seeking some type of deal or reverse merger, is if something legitimately came out for example, where Sharp was perhaps "cooking the books", or other types of fraudulent transactions, information or intentional lies, directly to shareholders with the intention of misleading, other nefarious actions, etc.
The truth is, as long as we remain reporting to the SEC or Securities & Exchange Commission, there are no worries.
The SEC doesn't care and quite honestly has too much on their plate, as long as the quarterlies are filed on time and are truthful / not intentionally misleading shareholders.
The "big scare" with OTC reverse mergers and "shell companies" has to to with unscrupulous players who will try to take over shells for the sole purpose of pumping & dumping the stock, or intentionally misleading shareholders for their own benefit. Sounds a lot like Calasse, imo
Now, if you believe Sharp may be intentionally misleading shareholders or an unscrupulous player who is trying to intentionally deceive shareholders, then perhaps selling and/or moving on would be the best possible outcome.
That said, the 15c-211 would seem to be as easy as requesting a market maker file a form 211 with FINRA. The SEC issue has already been resolved, since WNFT is fully reporting, and definitely meets the minimum shareholder requirement.
Let's go Ken! The risk reward here is simply attractive. I mean, from .02 to .002 within a very short period. Been accumulating a few shares here & there, looking for the ace up Sharps sleeve.
Seems to me like the peak of the fear and greed cycle, to the most bearish type of sentiment you can see for a stock.
$GVSI
Buddy, I worked in the securities industry for a couple of years, and I think I might know a thing or two about securities law as it applies to the financial markets
And when it comes to such matters, the SEC is the supreme law of the land. FINRA is like the SEC's little brother, and if you are fully reporting with the SEC, you are fine. As long as your quarterlies are accurate, there's no sketchy business going on, and you file them on time, then you are fully compliant with the Securities & Exchange Commission.
To clarify your question about the 15c2-11 warning sign you see on OTC markets, WNFT most definitely meets the requirements. It's a very simple process:
1. The company must be fully reporting with the SEC.
2. It must have a minimum of ~30-40 stockholders of record holding at least 100 shares each.
3. Finally, it must have a market maker submit 15c2-11 (Form 211) application to FINRA and agree to act as market maker for the company's securities
It appears as though all that is missing is step 3. There are definitely 30 to 40 stockholders, and the company is fully reporting with the SEC. If Sharp wants to get a market maker to file a 15c2-11 to get rid of that warning sign, then so be it. But since there are numerous market makers already quoting WNFT on a daily basis, it appears as though they are "piggybacking" upon one another. (relating to 15c2-11 rule).
I would read up on this when you get a chance: https://www.issuerconsulting.com/services/15c211-application/
Let's go Ken!
WNFT has no legal issues besides Calasse. SRNW is squeaky clean and SEC registered. What's your argument for the contrary? WNFT has more baggage than GVSI? Lmao
I've been picking up a few shares down here because I feel like the selloff was way overdone, but to say that an SEC reporting shell such as WNFT "has more baggage and issues" than GVSI which isn't even compliant with the SEC is a fallacy. The only issue with WNFT is Calasse, and I believe he will be pushed out of the way here before too long.
Your ignorance is showing. WNFT is fully registered with the SEC and was able to successfully complete corporate actions with FINRA. Everything about WNFT and SRNW is legit from the perspective of regulators (which is really all that matters).
Sharp has cancelled shares in WNFT and SRNW, so you can't make the "lining his own pockets" and "fleecing shareholders" argument there either. If Sharp wanted to pump & dump his shells, he's had plenty of time to do so. At least the share structure has improved since he's taken over, with zero dilution.
Amen to that. WNFT is clean as a whistle with Calasse gone, and SRNW is squeaky clean. No FINRA or SEC issues whatsoever. I do like the price down here under 1/4th a penny per share. I think the risk reward is quite favorable.
What are you smoking? Please give me some. This is probably the most incredible theory ever lmao
Sharp left ihub because of myself and a few others posted real DD about Sharp- he was so pissed that he couldn't control the narrative on iHub and went to the cesspool of pumping - Twitter, where he can delete posts and ban people that don't grovel and praise him - Sharp is so insecure - that is precisely why he has never operated a successful business.
With all of the drama and stress regarding $GVSI lately, it's important to unwind every now and then, smoke a joint, and listen to some Bruce Springsteen & The E Street Band: