Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I understand all of that, but I am saying other companies in the same exact boat didnt go to Expert Market (PCTL, PACV - see those SEC reporting companies that are Pink Ltd SEC Reporting companies that have yet to file). The rule gives them till July, 180 days past end of the last reporting period that is now late (end Dec 2022), plus additional 14 day grace past that
As far as paying OTC Markets fees, they are already paying fees to the SEC, why should they have to pay fees for another governing body to take money they dont have
https://www.otcmarkets.com/learn/15c2-11-resource-center
Rule 15c2-11 permits additional time (180 days) for Exchange Act reporting companies to continue to be eligible for public broker-dealer quotes. Accordingly, companies that make their annual or quarterly reports publicly available (via EDGAR) within 180 days of the end of the applicable quarterly or annual reporting period will still be eligible for broker-dealer proprietary quotes, but will be designated as “Limited Information”.
For example, if a company with a fiscal year end of December 31st files its second quarter 2021 report in a timely manner (by August 16, 2021), it would remain in the “Current Information” Tier until the third quarter report is due (November 15, 2021). If the third quarter report is not filed, the security would still be eligible for broker-dealer quotes, but would be moved to the “Limited Information” tier and would continue to be eligible for public broker-dealer quotes until December 27, 2021 (180 days after the end of the issuer’s second quarter). Thereafter, assuming the issuer did not rectify its disclosure deficiencies, the security would enter the 14-day grace period and move to the Expert Market for unsolicited quoting only."
these guys just filed the 10-K and should be up to date. I see they are Expert market, does anyone know why they were expert market and when they entered expert market (last few days?) since they were not out of compliance for more than a few days and clearly other SEC reporting companies have gone to Pink Limited, something doesnt seem right.
stop the nonsense - there was nothing wrong with that podcast. I am not investing in the company for some professional podcaster, Updates like this are helpful I learned some good stuff. I would like to actually see a video to bring it all together and hopefully we can get that in the future.
I like what they are doing. Theres lots of talk on this board about these people being scammers and cheaters and enriching themselves. In my opinion nothing could be farther from the truth, they are probably mostly poor as paupers actually, and I bet they have a hard time keeping people since they probably pay so little in order to keep from going under. Probably also explains a lot of the debacles we've seen over the years, you get what you pay for. Nonetheless, I'll go with these underdogs, hopefully they've learned something from their mistakes.
Its all supposed to be in transit. When it shows up then it's there, but before then its not. I believe its coming but I will be the first to admit I could be wrong.
Continuing to research Mirage being able to trade again.
Everything I read tells me that we can do so and we can do so through OTC Markets who will on companys behalf engage a market maker to file a form 211 with FINRA, where the requirements with FINRA should be ones that Mirage would meet - you can see a list of such requirements in the last of these following articles:
https://www.securitieslawyer101.com/2019/sec-regarding-rule-211-15c2-11-sponsoring-market-maker/
https://www.securitieslawyer101.com/2018/sponsoring-market-maker-211-15c-211/
https://www.securitieslawyer101.com/2013/15c-211-application-going-public-attorney/ <========
From the OTC Markets:
https://www.otcmarkets.com/learn/15c2-11-resource-center
"OTC Markets Group now plays a greater role in bringing companies onto our markets. Our OTC Link ATS trading platform will function as a “qualified interdealer quotation system” and brokers will be able to rely on our current information designations in lieu of submitting a Form 211 with FINRA. This regulatory status streamlines the pathway to the public markets for companies that are current in their disclosure obligations. "
OTC Markets Group’s reporting standards and our OTC Disclosure & News Service have been tailored to allow companies to provide the necessary information required under Rule 15c2-11.
yeah I wasnt too concerned and stumbled on this while researching for my biggest play that is currently in Expert market as SEC reporter and wanting to transition to Alternative Reporter as Pink Current. Hopefully we dont end up in that situation here.
did some more research on when we can expect to be cut off from trading, and that would be around the end of June (180 days past end of the last quarter ending Dec 2022). So we have some time to clean this up. And the brokerages (Fidelity and Schwab) are honoring Pink Limited
https://www.otcmarkets.com/learn/15c2-11-resource-center
"In order to remain designated as “Current Information” on our markets, companies with Exchange Act reporting requirements must make timely filings of all reports required to be filed with the SEC.
Rule 15c2-11 permits additional time (180 days) for Exchange Act reporting companies to continue to be eligible for public broker-dealer quotes. Accordingly, companies that make their annual or quarterly reports publicly available (via EDGAR) within 180 days of the end of the applicable quarterly or annual reporting period will still be eligible for broker-dealer proprietary quotes, but will be designated as “Limited Information”.
For example, if a company with a fiscal year end of December 31st files its second quarter 2021 report in a timely manner (by August 16, 2021), it would remain in the “Current Information” Tier until the third quarter report is due (November 15, 2021). If the third quarter report is not filed, the security would still be eligible for broker-dealer quotes, but would be moved to the “Limited Information” tier and would continue to be eligible for public broker-dealer quotes until December 27, 2021 (180 days after the end of the issuer’s second quarter). Thereafter, assuming the issuer did not rectify its disclosure deficiencies, the security would enter the 14-day grace period and move to the Expert Market for unsolicited quoting only."
Well b/c one cant sell at any reasonable price, I wouldnt use the term diamond hands, though the term partially lucky hands comes to mind.
Nonetheless, this was a good week for us in Mexico and next week should be even better is what I am hearing. Extrapolating that means it could be weeks months or years LOL Need a lot of patience in this business.
How our stock gets trading is anyone's guess, but lets keep an eye on the OTC Markets site. The 15c-211 rule is my biggest concern, I've talked to FINRA and it doesnt seem like anything significantly has necessarily changed since Sept 2021, it should be possible to get trading again. They told me that they did get a flurry of activity back then but since then it's been business as usual. Here's a link to a copy of the old form, supposedly it hasnt changed much but its now completely electronic through their portal so I dont have the exact form.
https://www.finra.org/sites/default/files/AppSupportDoc/p126234.pdf
the bid/ask has come down a bit as could be expected since the original deadline to receive money has past. I continue to believe we have something here and are working thru some logistics though I have no idea what that could be, as sending a wire transfer (assuming) isnt rocket science.
So we wait.
just picked some up at .0058 on this selloff, I really hope there is something going on behind the scenes, starting to feel some pain.
lets not get ahead of ourselves, the volume is nothing. We need strong volume and significant price action. I'll believe it when we hit .004, that's just me though.
what do you mean he didnt address practically anything in the video? He is not even obligated to do such a video, neither is he obligated to issue an 8-K - I am sure he would check with the lawyers if he needed to do so based on the amount of money spent on the initiative. He has no problem telling the SEC and you'll surely find it in the next 10-Q, maybe even as a subsequent event in the 10-K.
As for the following:
"Did he and his wife purchase a $2+ Million dollar home in Tennessee using the GamingEdge LLC? "
What in the world are you talking about?
Nonsense. He gets hassled for being transparent, ok great that makes sense, you do what you want to do and investors will do what they want to do based on the publically available information.
Watch the video he made that answers these questions. He was trying to use the Sports initiative for organic marketing and it didnt work out the way he had hoped, so it was one of their failed ventures, which is perfectly acceptable, not everything you try will be successful, some will be and others will not be. More importantly is to realize when something is not successful and to cut it off at the appropriate time which is what was done here.
whats interesting is that while the selling has stopped for the time being, the buying has not taken over. I see this all the time with these penny stocks, everyone wants to buy at some sort of arbitrary low, but nobody wants to pay more for shares even if there is no selling pressure. Fascinating really. Now that can change any time, but till it does we may be stuck here at some kind of bottom.
As I have been pretty clear here, the CEO has done a piss poor job of communication with shareholders as well as the massive dilution, but, they have always come through when it comes time to the filings within the extension period, which is something that many other companies have not, so, as much as I despise these people, the late filings dont bother me, actually they are pretty consistent. So I would expect a filing any day maybe even after the close. I also dont expect to see a change in revenues. What I want to see is a management of expenses, THAT is their issue
Absolutely Fantastic. What else needs to be said. They either put up or shut up, well, at least for now, but seriously how long can they delay. Let me get this one over to Michael if he hasnt seen it already.
I didn’t see your point about filing and commitments made and you are 100% right there is no defense for what has happened on the trading side of things. I’ve learned to live with it, don’t have a choice. I think it’s more difficult than any of us imagined but I still can’t make up any good excuse for where we are based on my limited info
One thing I will say he's a hellavalu lot more humble after all the disappointments, refreshing actually. Helps us with expectations, it will come when it comes and none of us has any control over it
Wow, now we know as a fact that Brasil is our project and they are saying that the govt has approved the project (which I sort of assumed but good to see it in writing). If they move forward on that project, its game start for Mirage and we just need to get the stock whole again, that's a big IF due to it being Mexico but the risk in my opinion has been worth it.
I talked directly to our maestro, as have others, meeting already set for tomorrow with appropriate govt officials and who knows who else. But as we know we've had countless meetings in Mexico without the desired results, yet, but hopefully that day will come. If we can just solidify one of the three projects, we'll jump for joy, just one, and to me it seems that the isthmus oil line would be the most obvious/easiest one to execute on, but we dont really know Mexico's priorities and timeframes.
Patience is the name of the game as always.
Lets see how this weeks trip to Mexico goes I hope we will get some solid news to take us to da-moon. We could be close.
As far as stock trading, my take based on research is that it will take proof of solid business potential to make this happen as FINRA may be a stopgap more than OTC Markets, but getting a solid answer on this is not trivial.
the problem is they are currently not distributing it and not clear when they will start again. Last I recall they found a company that would make it but it was going to be a while before they would be licensed and able to start producing, and even in the shareholder letter they didnt mention it at all and if it were in the mix for sure it wouldve been mentioned, so thats a concern, and a shame at least for the near term
To be honest I have been wanting to try these items for a while now, they "look" good especially that grasshopper icecream.
wow Gold has gone thru the roof leaving Signature behind, seems hard to believe it could be so disconnected
I have seen this before and never could make sense of it, that is, huge amounts of shares hitting market and people gobble it up, and when no more shares left, nobody is interested anymore and price stagnates. I dont get it really.
yeah when you have so many shares its hard to really lower your avg, what means more at that point is really how many shares you have, which in all of our cases is significant.
i am confident we'll execute, my concern is the economy and how the stock reacts to news when things around are falling apart.
The good thing as always is we have solid businesses. Lets see what is the nature of this next acquisition
seems straightforward to me, they dont have the money and wont be filing vs. saying they will be filing late within the deadline which maybe they are not planning on doing.
Anyway its mostly not relevant compared with the actual business which hopefully they are making progress on, we'll see.
But the stock is still cheap down here.
yea I havent paid close enough attention unfortunately to various permutations over the past two years and trying to do that retroactively is almost impossible. Lets see it play out, we'll know soon enough
come on man, exactly its 6 months ago, that is the SAME as any other company when their annual 10-K is due, they will be 6 months behind, 3 months for the last quarter and 3 months for the next quarter. EVERY COMPANY that applies to. Now, the question is what about a week from now, two weeks from now, a month or two months from now, thats when things start to get harder, but as of right now they are like every other company except 11 days late, and among company of many companies that have a 15 day extension. But I get your point, but especially for these guys b/c I want to see what their revenues are.
Speaking of which, they could put out a press release saying what the revenues are, that is fully within their right and would be helpful.
So my question is, if they are still SEC reporting, can they still trade with the Pink Limited designation, that is, where do they go from Delinquent SEC Reporting, do they go to Pink Limited as an SEC reporting company?
Is anyone concerned that we could stop trading by next week. i mean OTC markets has become fairly strict with non-compliance, and I am thinking that by Monday trading will be halted. Now we can start trading again when they become compliant, but this would not be good to go into this state. Checking their history the last time they were late (beyond extension period) was about three years ago, so the track record has been decent. But to fall into this just because they dont have the money ... grhh
Continuing to buy down at a penny range, this is unbelievable at this price. CEO recently bought 841K at .0143, what else do you need to know.
after having sold all my shares up to as high as just shy of a buck, I am definitely interested in Precipio at the current price of .63 and will definitely be buying as funds allow hopefully over the next week or so.
I assume that investemp is the un wealthy person, or am I assuming too much.
I am not sure about that actually, but worst case 10 million shares, its irrelevant to where this is going.
in the 8-K it says "to obtain a master plan for the Diamondhead Property ".
Lots of laughs. He's not selling any shares at this price, and if he were he'd have to file a Form 4. He knows what he has.
And honestly, for $50 grand any of us could have had that many shares at .003, it's not that big of a deal, he'll still be small potatoes when all this is done unless it truly explodes which it could
well here we are, while I have gotten my (lifetime) avg down to .0016 on a couple million shares, it doesnt mean squat if this goes to zero. Just saying, its happened more than once to me, which then means it doesnt matter how well you traded, it only matter how much you owned. BUT same thing in the UP direction to a lesser degree, which is where I hope we are headed. Its just taking so much longer than originally expected. EVERY ONE OF THESE PENNIES has the same story, it takes longer than expected. Patience is needed.
I was all alone buying this morning on the open thinking I'd have to pay 35 or 40 cents or more, but the bargain presented itself and may as well continue to do so. I guess we'll have to see, does the money come in or not, I am betting that it will.
Dont worry about who it is, whats important is that management believes in them and surely has done their due diligence or they wouldnt have wasted their time, after how many years has it been? 10 or more I'd have to go back and look.
you are something else, you are really something else