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I find that hard to believe, but good luck.
That is really helpful context. Thank you! With regard to the Rule 144 you mentioned, I assume that means each of those sales/transfers of < ~190MM shares each (to be less than 5%) would not be listed anywhere and that the shares are now just "out there" somewhere with some other holding co.? And when you say "insiders" would those shares perhaps be added to certain insiders listed in the filings?
I also remember seeing something regarding wiping of debt owed to Auctus in some lawsuit somewhere a while back, but not sure if that's relevant here.
I called the TA and was told to send an email. Here is the response from TA:
TA: "As the transfer agent, we are not a public source, and you will need to contact the company directly with your inquiry. I will forward your email to the issuer, as well."
I was then met with a response from Michael regarding the shares.
Michael: "I was contacted by the transfer agent on your question below. They are not a source of information for shareholders.
I will however be more than happy to answer your question. It seems that they had already divested themselves from their old shares of ~493m, as per their attorney during settlement negotiations, and they also do not appear to have any shares on the NOBO list that was received and shared with OTC. So from the looks of things, these shares in the settlement are the only shares they have left..."
So it looks like none were cancelled, they had just cashed out over time. Begs the question to your earlier point, when did they sell and why was the Q3 2022 10Q attorney letter the only time it was mentioned that they still owned shares? There has not been nearly that much volume since 10/1/22 for them to divest. So how did they sell between 10/1/22 and when the NOBO list was received?
I do think Michael and team are doing everything they can the correct way and will be making many moves once CE is removed. I'm just glad to know that those shares are already out there and won't hit once CE is no longer holding us back.
No detail specifically in these filings, as I believe it will be covered more in-depth for the 10Q for Q2 2023. The Auctus lawsuit was for that debt and shares to be removed, which it seems like it was settled for 3% of the original ~493MM. Although the table showing the conversions still lists the full amount, including those ~493MM from 2020.
The filing and attorney letter, though, no longer lists Auctus as having any holdings of >= 5% which, to me, would look like those 15MM commons issued on 4/5/23 is all that they have now after settlement. I am curious though, if this is indeed what happened, why the TA info has not updated to reflect the new OS. That would be a big win for CATV.
Will be extremely interested to see if that updates and if that line item shows up on the respective 10Q.
They also added the amount of shares settled with Auctus as of April 5. 15,000,000
Curious how or if the trial started today. I see that on the case schedule for United States v. Charles Vaccaro, et al. Court Docket No. 20CR392 the most recent item is "4/17/2023 Jury Trial at 9:00 AM in Courtroom 19A before Judge Solomon Oliver Jr." but when I search for Judge Solomon Oliver Jr.'s schedule for today, in any city, it is blank (https://www.ohnd.uscourts.gov/courtroom-calendars).
Not sure if something had gotten changed or updated, or I missed someone's update at some point, but any knowledge those with Pacer, Court Listener, or the like accounts can share it is much appreciated!
Is this again after a delay from the initial January 13 date? What are your thoughts on how this fits with the big case and CATV case?
The Auctus breakout is still referenced on pg 15, but you're right that it's no longer in the total share table, which is odd since it was subsequently settled to 12/31.
Stars and CB: thank you both for the information and knowledge y’all post and have been posting consistently here. Regardless of the situation or outcome on the ticker or company, the objective and detailed posts y’all make are super helpful and appreciated.
One thing I did notice in the filing posted yesterday was the below line:
"FTH and FLUENT have refused to pay for the services performed under the contract. The outstanding invoices are over $1,600,000.00. The requested damages are over $18,400,000.00 plus interest and attorney’s fees."
That would be a nice claw back and I fully assume that when they posted that initial CIGN PR that they thought this deal would be seen to fruition and then some. Let's see what happens with this and the company as this whole saga continues to progress.
You're correct. No way in this current situation that we hit anywhere CLOSE to $1. A few pennies at the most, unless A LOT changes. Even our run to .04 range we had like 1 billion fewer shares OS than we do now.
I do think there is HUGE upside from these levels and I'm going to be loading big once I can. Let's hope MF has a ton of things ready to be released once this CE is removed.
I’ll be there with you!
You’re correct. MF would have to buy the shares and then cancel those certificates with FINRA and their TA.
They could do a standard buyback and then sell them again in the open market when PPS increases if they don’t care about the OS.
Well can’t get much lower than trip 1 and 2, lol. I’m saying there may be a just as much dumping because people can finally exit their positions.
I think we shoot to mid to high dubs if not pennies with the buying and then depending on profit taking/flippers settle back down.
It will be a very fun and interesting time. I’m hoping for a repeat of the early 2021 run. All imo, who knows anymore.
There will be a lot of buying and a lot of selling lol. Where it winds up depends on how many people would just rather exit their positions.
Let’s hope this starts the official CE removal process once OTCM reviews fins, attorney letter, and NOBO list. Thanks for the continued updates and insights!
Curious your thoughts and insight, given we are so close now, into how this plea from Svorai plays into the larger case with trial starting 4/17. I know Svorai was the only one with regards to having CATV mentioned in the case, but that hasn't been updated in a couple years now.
I think it's been discussed previously, but i can't find the exact post. How does this specific Svorai/CATV piece fit the larger Vaccaro group case? In your opinion, if/when Svorai pleads guilty tomorrow, Michael having submitted filings and attorney letter with the NOBO request, and no mention of him being involved, do you feel there would be anything else needing to happen for CE removal? Do you think we need to wait for the Vaccaro trial to conclude? TIA
More eyes, higher volume, easier to scare folks after yesterday, flip, and take advantage of the recent momo
Thank you for that. Curious to see what comes of this with all of the events to come this month.
Wasn't a PR. He posted a message in a CATV shareholder chat on Telegram and one of the members of that Telegram chat posted a screenshot to the StockTwits page for those not in the Telegram group.
https://stocktwits.com/TricKerX/message/521090808
At least you’re living up to your username
Those sound perfect
My opinion is that he submitted everything to OTCM in a package with fins, attorney letter, and request for CE removal. He mentioned that on 3/21 he had submitted request for removal to OTCM and they have received and are reviewing.
But, you’re correct, this is the worst time to be late on filing, lol. Hopefully everything is submitted and just not posted yet due to review.
Why isn’t MF screaming from the rooftops? Lol
Let’s hope the dominoes keep falling.
You keep talking about shorting a CE stock. Yes, we know that. Everyone talking about shorting was referring to BEFORE the CE was tagged here.
CE being removed will alleviate many problems. Most importantly allow bagholders to exit positions, if they choose to.
If the Fluent deal didn’t fall through, then those revenue numbers most likely would’ve been met. Anyway, I’m talking about right now. The CE is the only thing that matters with this ticker. Regardless of anyone’s opinions of Feldenkrais, shorts, FBI, OTCM, Svorai, whatever the heck people want to point to. People wouldn’t be stuck in purgatory here if the CE wasn’t on this. They’d be able to make whatever decision, to stay or go, they’d like.
Imo I think everyone worrying about shorts, whether they're clothed or naked, is focused on the wrong thing. The only thing that matters is the cases in which CATV was named, the CE tag, and whether MF was/wasn't/will be/won't be named and indicted. Long, short, up, down are all irrelevant until this CE is removed.
Is the fate of the CATV ticker based on all of the above, or specifically Svorai?
As a follow up, regardless of opinions on Feldenkrais, what is the potential that he gets implicated/indicted or even exonerated based on any of the others’ deals? Thanks ahead of time!
When is the last time you’ve seen a company post filings on the exact date the quarter ends? I’ll wait.
They made those trades at a loss after commissions.
This essentially proves that Svorai tried to defraud the hemp business without their knowledge. It's clearly showing Svorai is the only one at fault, given the language, with no mention of the hemp business in any other manner.
Also, you keep saying that "CEO" quote, but never show it in any context or with any supporting material.
Keep at it, though, you're doing great.
"Speculation is the worst enemy that anybody could have as a companion."
Let's all just wait until the case is concluded. Back and forth from both sides means nothing.
Someone should update the intro here. A bit outdated / incorrect after all that has gone down the past 6 months. Sure, it's fun to hypothesize, but 20-40 mill revenues won't be happening at all anytime soon. If someone would actually be buying the product, outside of MF buying his own supply, then maybe, but we're a far cry from those numbers.
If you sell at a loss, then, yeah, it will be factored in your annual P&L statement.
That’s helpful, thank you
There’s another suit against MF and CATV though, filed in May. Why are we not getting any updates?
This. The silence will kill this PPS even more than it already has the past 7 weeks.
Absolutely. Just be prepared to get castrated by the telegram group if you state any objective opinions!