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Looks like BABL is on sale today. Seeing .019 on the Ask.
Fair enough. Thank you for your insights. It looks like with us there is no history, so we get to begin writing it. Ha ha. I know that the initial investors were helping to provide the capital to put the infrastructure in place for the NFT marketplace. With any luck, we can start showing some selling on that and begin reporting it to some symbol. Hopefully that infrastructure will begin showing that it is an asset. I’m unclear if you can add those assets that were procured prior to the symbol change.
So, technically speaking if FINRA ends up, not allowing this to be completed what is stopping us from using the old shells symbol, and beginning to report Business through it?
Great answer! Thank You. So at present we have no assets on our books. We have not generated even one dollar of revenue. We have heard that there will be an NFT, Marketplace. Is it your opinion that the symbol change of itself will generate a pop in the share price? I am trying to figure out when the equity that is being attributed to our new enterprise will be reflected in our share price. In the original documents, they implied that we would begin trading with $100 million market cap. Nothing exists right now other than debt and word of the forthcoming marketplace.
So your understanding is that the capital structure remains identical? No change in share values?
Team, I have a question. Let’s use as a hypothetical scenario that the symbol changed today. Turned into NFTM. Again, strictly hypothetical. Would they take the current share value in each of our accounts and use that value to extrapolate the new quantity of shares you get to reflect the current share value? Or does it just go off of your total share count? How does that work? And sorry to all if this is a dumb question. I just haven’t experienced this before. So say you had originally invested $1000 and your shares are currently worth $500. Would they just give you $500 worth of the new symbol, or would it just be a share for share swap at however the exchange of shares is determined? I guess what I’m trying to figure out is how do they extrapolate what the true value they are giving to you in the exchange. All of my shares are green. I know many are in a scenario where you’re red. How do they account for the cost basis?
Great note. Let hope we can get a symbol change soon and a functional NFT Marketplace.
Thanks for this insight. I appreciate this. I thought I was going crazy. I am going to cancel my .025. The price will likely shoot back up to the .03 range.
You got that right! Maybe I should just wait for the share price to go up. Ha ha! Now there’s a novel concept. I should quit being such a nervous Ned. I’m just not used to seeing the enormous spread between bid and ask- it freaks me out. Hey, in baseball there’s nothing wrong with hitting a single or a double and scoring some runs. Seems like everything I see in the world of pennystock is that everybody is swinging for the fence. ha ha. Home run or nothing. When I try to hit a single and less that half my Order gets filled- it definitely gives me pause. I am a chicken. Hats off to you penny stock faithful. You have nerves of steel! This is nuts!
So just as an FYI I have been messing around with “seeing what it would take to get out of this stock” over the last couple of weeks. The best sale price I’ve been able to get is .02. I’m blown away that my sell orders, All on their own, are moving the ask. Very strange. The minute that I cancel my order, it goes right back up into the three cent range. I don’t know if anyone here is still trying to add, but I’m willing to put in an ask of two cents which would make a great entry price for anybody looking for new shares. Otherwise the price is in the three cent range without somebody on the bid. I’m fairly new to Penny stocks. I usually trade the higher quality stuff. Haha. I’m concerned about whether or not I can “find the door” if this thing starts going up. So far I am finding it rather hard to do. My basis is slightly below.02. I’m keeping my fingers crossed that all of the faithful on this board are saying that some volume will come into this. It’s extremely difficult to sell right now. They will give me like 40K shares and then drop the bid immediately. I keep wondering where and when some volume is going to come in. My orders alone can move the bid and ask. Usually not in my favor I might add.
Interesting, I will put in 50K shares at .025 for a minute
I am guessing that you just put in .03. I saw the change.
Give it another try. I just cancelled what I had going on. You could probably move the ask now.
Friend, my opinion is that it is due to the liquidity of this stock. What price are you trying to buy at?
Love it! I hope you are right. That would be fantastic. What remains to be seen is if we can get some people popping over to buy this stock. Very thinly traded. Single buys and sells move the bid and ask right now.
Great post! I agree that their time line has been an absolute train wreck. Also, keep in mind having the NFT site up is not the same as having a symbol change. The good news is that it appears that FINRA has agreed to hold their hand and help them through the process of submitting things properly. “One to One” I am all for seeing the NFT site getting up and going, to show “would be” share holders that there is a revenue producing entity in the future. Then in some way tie it back to BABL, or a New symbol.
Excellent insights! Thank you. I think it was a mistake for Ben and company to say that: since we’ve done this, you can expect this, by this timeline.
Totally agree that they must be thrilled that FINRA will still allow their petition to be reviewed. This is why they provided them some one-to-one help to show them how to submit the information properly.. Haha. This is how I read it. There is no need for one-to-one help if you have already done it properly.
Totally agree that the NFT Marketplace can launch whenever it is ready. This doesn’t appear to be a deal where they must have the new symbol in place to launch the marketplace. Sooner the better on the marketplace. That would give us an advertising portal to put a company stock quote so people could see we are trading.
I 100% am cheering for the symbol change. I am 2 million shares deep into this. Just using this forum to bounce around some ideas about other possible scenarios that could be playing out. When I see the one-to-one, I think about a child who is not understanding their math class, and gets some special one-to-one help from a tutor to understand what they’ve gotta do to pass the class. The creative way that they put out the “press release” on their website, it makes it appear that they are tight with FINRA. I personally read that that they got turned down again. I don’t know how many times you can appeal the answer no. So, All is not lost if this is actually what is transpiring. If they have to create a separate entity, called NFT marketplace, and then have the BABL entity buy it, or merge with it, than we can essentially come to the same place. We may have to wait a hair hair longer. Ha ha.
1. FINRA Review Aug 30. Told no
2. FINRA Appeal Sept. Told no
3. FINRA missing filings prepared and submitted on December 5. Their release said the NFT Marketplace LTD can confirm the FINRA request letter has been submitted yesterday 5 of December to allow the corporate action for the reverse merger into NFT will have 30 days to respond. That time has come and gone. We must conclude that the answer was still no.
4. We are in the final stages…1 to 1 talks with FINRAs Corporate action. What does that mean? FINRA’s Corporate Action. It means (my opinion) FINRA said no again.
One-to-one means that they need special help understanding, or are likely having to entertain a plan B by FINRA. They asked for a Tutor. Yes, you can still say in a press release that it is the final stages but it doesn’t say final stages for what.
5. Coming Soon: it’s 100% correct to say that the NFT marketplace that they’ve been working on is coming soon, but we must not yet come to the conclusion that it is in conjunction with a stock symbol change.
I’m not sure I agree with your comment. There’s nothing that would stop them from launching the NFT website immediately. Can you imagine the difference it would make in being able to see an actual web portal for a new speculator finding out about the symbol change? Then if they communicated that they had revenue from that website- what that could potentially do for the symbol change initiative. Unless I have misunderstood their communication, they have said that they are not yet finished with the NFT website. Team, I have worked into my potential outlook that the symbol change may not happen. As such, they would need to report the NFT marketplace as a subsidiary.
Well done Smilin. We need an update in the worst way.
Lamb just needs to tell me when ready. Happy to make. .02 appear.
How about .019
Holding the price down for you friend. Load up.
I feel your pain! I did a little test today- and told everyone on the board about it. Due to some very unusual spreads between bid and ask, i took a minuscule amount of shares and tried to sell them. Why you ask? Purely to see how the market would respond. As I tried to sell them, the market simply went lower on each price I lowered it to. I matched my trade to the bid on the Fidelity screen, sent the order, and instantly my price was undercut lower. So I changed the order for less, and it instantly dropped again. I did this all the way to .019 and it lowered the bid to .017. Here is the rub, while I was trying to sell shares, it lowered the ask to the price I was trying to to sell at. I had the ask clear down to .019. So friend, I share this to let you know that I tried to sell this stock at multiple lower bids. It wouldn’t let me sell. The irony of your message is who would sell it two cents? Nobody because it won’t let you.
Just deleted my sell order and it popped right back to .0348
My tiny little 10k share sell at .019 is holding the ask right now under .02.
Lamb, are you ready to buy under .02?
I tried what you said. It didn’t respond. I am shocked that my sell order is adjusting the ask right now. Anything that I enter down to .02 instantly adjusts the ask. I just keyed a sell at .025 and it adjusted the ask instantly. Bid still at .017
I just cancelled my .02 sell order and the ask instantly went to .0325.
Exactly my thoughts. Lamb, it appears that with my trying to sell a few shares at .02 would crest a great opportunity for others to add to their positions. I am going to cancel my .02 buy order and I bet that the price instantly jumps to the .03s. I will do so now. It is 4 hours and 10 minutes into the trading day.
Great post. Problem is that I keep putting in small sell orders just to test the waters on liquidity, and the second that I put in my order they drop the bid. I put it a 10k order to sell at two cents even today and they dropped the bid down to 0.17. Yet the second that I cancel it, they take the share price back up into the .03 range but they have left the bid at .017. I have no idea what games they’re playing but I think they’re extremely short on availability on shares. It’s almost as if they don’t want them back nor do they want to give them up. Haha. Very illiquid right now. This could be a big problem if we all head for the door.
I am pretty sure that that 325k shares was a sell order. You are correct though it was showing to be on the ask. Or another words, if the ask was two cents and somebody was trying to buy they would’ve let them have the shares. .02 was the ask. I also saw that two cents come through, and they immediately lowered the bid to .017.
Great call out. I know that there are several folks that have a higher share price than .02 that had considered averaging down prior to the suggested event of the symbol change.
Ok, I won’t do this again- .02! I would say we’re at a very fair price if anybody wants to get more shares. I will leave it at that.
.021 on the ask. Sorry team, I know you don’t need a play-by-play. Ha ha. Just haven’t seen prices this low for a minute.
Wow, .022 on the ask.
A full penny lower on the ask today verses the past couple of weeks. Sitting at .024. Last week we were sitting at .034.