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Getting current is waiting on FINRA. Here is a link that you can check.
http://finra-markets.morningstar.com/MarketData/CompanyInfo/detail.jsp?query=22:0P0000CON6
$HPIL
With any nuclear reaction the energy comes from the conversion of mass. Einstein's E=mc(squared).
And the Laws you speak of, including Einstein's, are as old as the universe. We just recently figured them out.
$HPIL
Look up Case #21-10317-EPK. That is Flitways (FTWS), the lead case. If they were adjudicated together the info for all three will be under that case #.
$BLUU
Link to FINRA for those interested. Still not current.
http://finra-markets.morningstar.com/MarketData/CompanyInfo/detail.jsp?query=22:0P0000CON6
$HPIL
Mark, you may not have used the correct search term in Edgar. I originally had that trouble. Try this link:
https://www.sec.gov/edgar/browse/?CIK=1516332
Read through the January 8k.
GLTU
$BLUU
What does any of that have to do with my post? Intersection Capital (IC) is a private company that is in the business of helping private companies go public. I agree that there isn't any institutional ownership and there won't be until this is a viable business.
67% of the preferred shares are owned by MMG, a private company. The remainder are owned by IC, also private.
$BLUU
Looks to me like the SEC is current. Click the "+" next to Company Info near the top of the page. Address, dates, etc. are correct.
https://www.sec.gov/edgar/browse/?CIK=1286345
The problem is that FINRA is not current.
$HPIL
And Mark, please note that IC owns 33% of the PREFERRED shares. I don't know if they own any commons but certainly it isn't 30% of 3.7B.
$BLUU
They are backlogged that bad. SB put in the needed paperwork in April.
Now there is only so much he can do to "get 'er done". The move by TD Ameritrade is, IMO, really stupid considering the backlog.
$HPIL
While MMG purchased these for cheap they have sunk a ton of money into them to clean them up. The two that Brattle & I were discussing were royally hosed. MMG is earning every penny they get for them IMO.
$TGRR
Based on how the businesses he ran turned out I would say your assessment was accurate.
$TGRR
$BLUU was started by Scott Sitra. Went out of business when he ran out of money in the middle of building his first restaurant. Meanwhile, he picked up Stream Flow which he first renamed Blue Water Bar & Grill. Later changed to Tiger Reef ($TGRR). That went out of business when the Corp. offices were flattened by a hurricane. Don't know the history of $FTWS.
Remember, they are going for dismissal. That will have a couple of interesting effects. They won't come out officially clean and the plans going forward do not have to be publically revealed or approved by the court.
$BLUU
What I think will happen Wednesday is that the three will exit BK. After that we should hear from MMG that the deal with IC has completed. THEN we will start hearing who will RM into the shells. No idea on timing.
$BLUU
Must be. The volume is certainly substantial.
$BLUU
Anyone know why $BLUU is going up significantly while the other two are stagnant?
You two also picked a really good time to buy. IMO it won't get any cheaper.
$RXMD
Yes, you are correct.
$TGRR
SS is share structure. RM is reverse merger, where a private company merges with a shell to go public.
$TGRR
Except that they are not going for discharge. They are seeking dismissal, saying that a plan can not be put together. Least, that is what I read in the petition for FTWS. I had heard on this board that the other two were also seeking dismissal.
Can you get to the latest petition for $TGRR and check?
The SP of any stock in the OTC never has anything to do with fundamentals, ever.
SP is driven by news and sentiment. In many cases, also affected by manipulation.
$RXMD
I don't know how this got confused but Taurean is not the company we are invested in. Tiger Reef, Inc. was created by Scott Sitra and has had the ticker TGRR for many years. It went out of business a few years ago after the corporate offices got flattened by a hurricane.
$TGRR
Sorry, but you don't quite understand. The primary source of energy in an ordinary gasoline powered car is the chemical energy stored in the fuel. 46.4 MJ/Kg. The engine converts this energy to mechanical motion (kinetic energy). A small part of that is used by the alternator to convert this energy to electricity to charge the battery. The battery, in turn stores the energy chemically and is primarily used to start the engine the next time it is needed. The alternator also supplies electrical energy to run the accessory systems in the vehicle. It is by no means a primary source.
$HPIL
Oh my god, another one who believes in Faery Dust. Show me the Science.
$HPIL
True enough. The energy came from you pumping the pedals with a little siphoned off to power the lights.
$HPIL
Don't think so. If this is real (and I'm inclined to think it is) Mr. Tutitean is already ahead of him and me. No worries.
$HPIL
I agree. But the science has to be there. No free lunch.
$HPIL
As a degreed Mechanical Engineer with 40 + years of experience, I agree, for the most part, with Shotsky. Get your Engineering Degree and then we can argue. Case closed.
$HPIL
Mic, you are not wrong. No company has been announced. However, look at the companies IC deals with. His guess (and that is all it is) is reasonable.
$BLUU
Cut-off date for claims filing by government entities is 7/13. Next court date is 7/14. Hang on to your hats 7/15. Going to be a fun ride.
$TGRR
Mic, read the two latest 8ks listed above the messages. MMG and Intersection Capital are cleaning up this dead shell for resale. It is what they do.
$BLUU
I have a question for the board:
The OS for $HPIL has not changed significantly since before Mr. Brown took over and he has been financing the expenses and progress made out-of-pocket. How does a "Pump & Dump" like that work?
$HPIL
If you build one in your garage you get an Assembler's title. I've done that and it is all local. You put together info on where all the parts came from and the County Sheriff looks at it and verifies your paperwork with the ID on the vehicle. Simple.
$HPIL
Yes.
There are a lot of different segments of Government and companies have to get approvals for different things. Tesla's approvals weren't from the DOT for the China deal.
HPIL will post the necessary forms to become registered with NHTSA when the time is right. I won't answer your last question.
$HPIL
You misunderstand. I'm not trying to dumb down anything. Just trying to put the sequence of events in place. You asked about DOT approval. I've offered facts.
$HPIL
Read through this New Manufacturer's Handbook. It should become clear to you that the manufacturer is certifying that the vehicles he is selling to the public meet the requirements. One would therefor have to test production intent vehicles. You can't do that until you have pre-production components and build the cars on a production-intent line. That comes way down the line beyond Design and Development. So it is too soon for them to get DOT approval.
https://vpic.nhtsa.dot.gov/ManufacturerHandbook.pdf
$HPIL
Not true. You don't seek approval on day one. You get approval on production-ready vehicles. You can't sell them for use on the roads until you have that approval, but you don't get it ahead of time.
I'll get you some links.
$HPIL
I don't know exactly but I bet I'm close. What Mr. Brown drove was a Proof of Concept vehicle. Certainly an important step in the process, but an early one.
$HPIL
They are not to the manufacturing stage yet. The building in the picture might make a design center but is not big enough to even make the testable prototypes. I spent most of my career in the automotive manufacturing world. If they are going to actually manufacture the cars they will buy a suitable plant to do it in. The testing by DOT that I mentioned takes about 18 months and is done on a group of cars made from production level components. DOT approval is required before you can sell vehicles for use on public roads, with certain low volume exceptions.
$HPIL