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SS updated 6/19/2023….. Someone messing with this big time from the looks of it. Getting into strong buy territory for me with this SS.
Outstanding Shares
47,994,825
06/19/2023
Restricted
37,243,792
06/19/2023
Unrestricted
10,751,033
06/19/2023
Held at DTC
3,896,733
06/19/2023
$JTBK COMPANY UPDATE anticipated for next week.
💬 COMPANY UPDATE anticipated for next week.
— JETBLACK Corp. ($JTBK) (@jetblackcorp) June 16, 2023
“The 2nd quarter 10-Q will show the consolidated financials of our recent acquisition of Human Brands which will show a significant increase in assets and revenues of the company. Due to unforeseen personnel changes due to illness and the scope of work required , we are unable to file this Q2 on time. We anticipate filing the 2nd quarter 10-Q in short order.”
Good Morning MONI, let’s see the accumulation continue :)
Lol we have had months for cheapies. It does matter.
We need this company to start acting like a proper pubco instead of a scammy China shell….. that starts with clarity through communication and transparency. Whales have better things to invest in at the moment if mgmt doesn’t get their act together.
I don’t disagree but company is not providing any evidence of what you say. The next filing? This one is all jacked up and they won’t provide any clarity.
I’ve said all along this should be .10+ but the inept mgmt, communication and transparency is killing this here. Why won’t they help themselves and investors????
BS none of it is paid off otherwise it would have been required to be in that filing!
Any increase into OS is dilution. Whether it is dumped on market or not. All restricteds play into valuation calculations and dilute the market cap.
40 million conversion by BlueLife more than doubled the tradable float.
Again that conversion can be adjusted at anytime based on current market price….
It is clear dilution to the tradable float. And yes the OS increased by 55 million whether restricted or not which diluted the OS & market cap.
Well here is one big thing wrong…. Company filings say company merged 2/6/2023. PR announce on 3/14 say they just signed a merger agreement. Which one is it????
Also it says that the divestiture of Gerpang covered all arrears which is clearly a lie. Gerpang looks to be alive and well and there are plenty of arrears and notes payable!
Blue Life 40 million converted on 3/31/2023. It’s listed right in the filings.
We don’t know what is restricted vs unrestricted. The company is not providing the unrestricted and restricted info via otcmarkets. As of last filing all of Fengyous shares could be for sale. Company could easily communicate and provide that info but they believe in zero transparency.
Depends
To clear up what is being sold, try reading the filing…. 40 mil converted 3/31/2023 —- so no with all that cash on hand they are not showing any interest in paying debts or protecting shareholder value (unless you are an insider)
We don’t know about restricteds since company is hiding that info.
Not to mention any of that $250k debt can convert anytime if none has yet. Most likely this has not otherwise we would need an AS increase.
Report after report??
You mean the PRs that haven’t explained anything or the filings which are unaudited and unverified. Oh and the update on otcmarkets after a few years that purposely doesn’t show unrestricted or restricted…..they exclude that only for one reason…. Oh and that float number that was supposedly updated was not even close to being accurate to the filings so...
Company could fix this easily and we could be trading .02+ even if they were selling but they don’t want to for some reason. We are most likely getting freed up restricteds dumped on us or conversions which is diluting the float plain and simple. Those last 6 PRs were probably meant to churn them out but they caused more problems and brought price from .02 down to 52 week lows and dried up volume.
Company shows no interest in behaving like a proper pubco whether due to ignorance, arrogance or ego. In the long run it’s costing all insiders and shareholders $ because of the ineptness here. So let them take this down to trips if they want and then I’ll consider buying their shares from them….if they decide to act like a real company I’ll reconsider.
“Seems to be the smart decision.”
Over last 6 months chart says otherwise. Especially since the “new” mgmt group has taken over…..
Lol OTCN is selling plain and simple. It would be better use of time to get an accurate share structure out of the company and or the transfer agent vs make claims that can’t be verified.
Lol how can you say that?
You do realize how MMs transact certain pink stocks ??? Essentially an MM can short 100% then buy the share to transact a retail order. Fintel, OTC short report, whatever site does not show a true short position. Finra reports those twice a month…..
“For market makers with a customer order to sell, they will temporarily sell short (which gets published to the tape as a media transaction for public dissemination) and then immediately buy from their customer in a non-media transaction that is not publicly disseminated to avoid double counting share volumes.”
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/#:~:text=For%20market%20makers%20with%20a%20customer%20order%20to,publicly%20disseminated%20to%20avoid%20double%20counting%20share%20volumes.
One of these days we are going to blink and it will be up Bigly imo!
What evidence of shorting is there?
Those conversion terms can be adjusted and changed at any moment.
Could be insiders, those paid in shares for services or any of that convertible debt converting…… again company could build all sorts of investor confidence if they actually acted like a proper pubco that communicated and was transparent with investors.
Considering they can’t update otcmarkets properly, we really have no idea where SS is atm.
Whoever hires them to sell their shares ;)
Oh, it’s the mysterious unknown shorting. Well, I can tell you from experience when OTCN is on the ask, they’re usually selling for a client
There is no reason for this being sub .01 except inept mgmt here. This is my point
“No selling here, just buying.” You sure?? There is a buy and sell with every transaction….price action going lower though….
Almost back to 52 week low here…
Bro it’s trading… big accumulation going on.
Best volume start in a long time! MONI$$$$$
Chomp chomp chomp. Was eaten up
Gone :)
MONI loving the accumulation here! MONI$$$$$$$$
“The short position has to be over 30-40m shares.”
Not “has to be” that is a guess. So thanks for confirming that you have no idea. Unless you have the Nobo and DTC lists from the company you have no idea.
What exactly is the short position? Just looks like they are slow selling here to get the price needed.
“Yes nothing is clear . Like I said earlier we will have to wait till the next financials to see who has what .”
Yes my point exactly. But we don’t have to wait. They had no problem with the pr and twitter pump. The problem was their filings didn’t match their remarks.
They absolutely need to start talking. This is how shyt gets halted my friend….
I’m not stuck on anything except inept mgmt.