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This is what I was trying to point out a week or so ago.....that he was likely planning on selling another 30B, but we came to the conclusion that he could only sell $2 mill more before the end of this year.
Bottom line..IF Andy issues the second tranche Reg 1-A shares, then I just might find myself in sunny Cali for a brief weekend!
No, I was saying that although he'd had his first 1-A offering declared effective in early 2013, he hadn't filed any 2-As till now.
That will be my direction if they don't scan them this week.
I'm going to wait and see if they scan them this week.
Did anyone else find this a bit over the top of using the word "strategic"?
Strategic Global Investments Inc. Enters Into Strategic Alliance With Hemp, Inc.
CARLSBAD, CA--(Marketwired - Apr 10, 2014) - Strategic Global Investments, Inc. (OTC Pink: STBV) (PINKSHEETS: STBV) is pleased to announce that the Company has entered into a mutually advantageous Strategic Consulting Agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC); a wholly owned subsidiary of Hemp, Inc. (OTC Pink: HEMP) (PINKSHEETS: HEMP).
Have you requested them? I will if you haven't.
When are the paper copies generally scanned after they are filed?
I wonder what's next? My guess is another 1-A.
Can't effect it much worse than it's already doing on it's own! LOL STBV has a LOT of "claims"...and none of them seem verifiable to me.
Oh..I'm sure Fellner has the "pucker effect" with the current MJ environment...LOL
LOL, no problem.
I know of the two filings, maybe these are for the previous Reg A sales?
Hey 420 I cant believe that PH#T got suspended before this stock I would have bet $$ on that 3 months ago. Good ol Fellner still kickin.
WHAT?? Do you understand that this company has been doing a 30 BILLION share offering since late January?
Are they finished yet? I hope to have more information next week. Once Fellner can't sell any more at $0.0001, how long before he files another 1-A offering much much more stock at an even lower price?
Excellent! Current shareholders need to gravitate to the legal facts as opposed to reading a msg board in my opinion.
o.k., I got you now. I think this link is very helpful for people new to all of this. http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
a factual and easy-to-understand step-by-step process of what could/will happen going forward?
what do you want to know other than the suspension ends next Thursday night and trading resumes on the grey market fri. 4/25/14.[/quoIe
The information wasn't for me. I clearly remember when I went through my first SEC trading suspension in 07. I was in a cloud of denial for several days and could have used a factual reference..I was in shock and just kept reading the hopeful messages and disregarding the realistic ones.
what do you want to know ?
Sorry if this question has been asked already...but, has anyone posted a factual and easy-to-understand step-by-step process of what could/will happen going forward? I keep reading the same type of posts (which I totally understand) but it would be good to have a verifiable and indisputable reference point. JMO
Yes you are absolutely right StockJesus. It is very hard to do technicals on a stock like this one because it is so skewed and low. I'm not sure how you can confirm an uptrend in a penny stock like this one. Can someone who usually trade penny stocks tell me how are uptrends confirmed?
The share structure really doesn't mean much because it will always be proportional to the share price. It's really the same logic as a stock split in either direction. On 2/10 when the float was changed to 4.5B, the share price closed at .0056. Today, I estimated that 18-20B shares of the 30B Reg 1-A filing have been sold. Let's say 20.5B, plus the current 4.5B float for a new combined (yet not updated) float of 25B. This is 5.55 times more stock in the float than there was on Feb 10th. Divide the closing stock price of that day and you get roughly .001.
We are trading well below that at .0003 today. This factors in the fear that more shares are being sold into the open market (which they are) and the fear that this company is not legit, because they have yet to give a PR of substance leading anyone to believe their claims are legit (they may or may not be).
Couple that with the fact that for every 10B shares that get added to the float STBV retains $1,000,000 of cash, I would now consider this stock slightly undersold based on all of the information we have today.
Conservatively, let's say they dump an average of 200 million a day since March 1st... that's 30 Bill divided by 200 Mill equaling 150 days.
About 5 months of trading days... July is looking a little early now... I'm gonna go with September at this point.
The volume is sucking between PRs and they are only getting one day bumps lately instead of multiple days like before on PRs.
As this progresses, I see it getting worse, which is why I went with 200M.
That may be high over the course of the 5 months.
Just my opinion...
Anyone starting to get a grasp on 30 billion yet?
Short Squeeze will never happen due to the low PPS and the billions of A/S!
I have read all the stuff that I could find. This is a SEC movement into the MJ sector, plain and simple. All I found is that the Government has found it's self a national movement that is out of it's control. Even with PHO$, they stated that there is no concrete findings and they already scheduled it's reopening. Once the regulators make it clear that the federal government is still in control, and their rule is king, we can just move on like nothing happened. I just hope they don't start their age old tactics of regulating something to death, just to show they can. Free enterprise seems to always have to figure out how to get around the regulators in every industry, and this one is still a baby. I have to do this with my company as we move forward, every time.
Has Nothing to do with STBV., It's Off Topic. No Pun Intended.
When trading resumes
Once the suspension expires, the formerly-suspended stock will reopen on the Grey Market. In most cases, it will trade on the first day, though issues that were illiquid before the action may not. In our initial scenario, I described a hot penny that had attracted a good deal of attention that resulted in heavy buying, the kind that would see interest right away.
Its first day on the Greys will not be heartening for anyone holding. Normally the first trade will be executed shortly after the bell, and will be a lowball. Very low. It may take the stock down as much as 80%. Very likely that the person who ventures that initial trade has entered a market order. Don’t be that guy. Wait to see what happens in the next couple of hours. Usually the price will tick up a little. But you still have a problem: you’re trading blind. There’s no Level II, and no bid or ask. You need to decide what offer you think will be accepted. You’ll be able to see executed trades as they happen, and they will give you an idea of what range you should try for. Trading is likely to be extremely volatile, but by the end of the session price will be sharply down; a loss of between 60% to 80% is common.
When a very active stock is suspended, MMs are trapped along with traders. If they’ve been selling naked to provide liquidity, they may be left with open short positions. They’ll want to cover as soon as trading resumes, and therefore will be buyers. Do not, however, imagine that those short positions will be gigantic; they’ll only provide a brief window in which volume will be high. So time your exit accordingly. Once they’ve taken care of themselves they tend to lose interest.
The stock may rise a little in the week or so following its debut on the Greys, but if as it does so, volume will decline, making fills more difficult. It’s best not to wait too long, and lose your chance at recovering some of your investment. After weeks, or perhaps a few months, price will plateau for awhile, as volume continues to drop. In the end, liquidity will dry up entirely, and the issue will trade only now and then. Price will drift down slowly.
Here’s a chart for Southridge Enterprises (SRGE), a particularly stinky Pink scam that was suspended on 28 December 2012, showing what happened in the succeeding two months. Things have only got worse since then.
As time goes by, it’s possible that the SEC will finally bring closure, in the form of litigation for fraud. In especially outrageous cases, the Department of Justice may join in with a criminal prosecution. It can take as long as two years or more for that to happen. Do not believe anyone who claims that if there’s no further action six months after the suspension, somehow all is well.
shredding-cash-223x300In most cases, suspensions for cause don’t result in SEC civil lawsuits, much less DOJ prosecutions. The SEC appears to believe that much of the time suspension alone is enough punishment. Often the people behind the suspected fraud are offshore and out of reach. If the SEC can’t collect, it makes no sense for them to carry on. They will by then have achieved their object, which is to stop the fraud that provoked the suspension in the first place. If the company is an SEC filer, it will probably stop filing after the suspension; reporting to Edgar is costly, and is pointless for an issuer stuck on the Greys. After a couple of years of delinquency, the SEC may decide to put an end to the story altogether, and will move to revoke registration. That move will not be challenged.
If you’re heavily invested, an SEC suspension is an unforgettable nightmare. If a stock you’re playing is heavily promoted, or if those Nasty Bashers have raised serious questions about filings, press releases, or other communications from the company, take profits early and often. Ignoring red flags could cost you dearly if a suspension is invoked. There are no good outcomes for suspended stocks.
http://promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/
You can't short a grey sheet stock, period!!!!
Quote:
...I short stocks at times, but I wouldn't short PHOT, it just seems unethical with the current events unfolding.
@hacktheripper1 on twitter
hacktheripper on IHUB
SEC
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98928052&txt2find=halt
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98882907&txt2find=halt
Now that the SEC has sent a clear warning out, the shorters smell blood in the water and companies are & will dump shares. IMHO of course
The SEC stated they would be investigating in February, anyone can search my posts, I put out several warnings as well.
This is just the beginning IMHO.
I posted this last night and wanted to post in once more for those that are unfamiliar with how an SEC suspension works.... http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
nonsense. grey market stocks can not be shorted. any existing shorts from before the suspension will cover within hours of the resumption of trading.
the SEC was not formed just yesterday. They know the impact and the implications if they are wrong in suspending a stock. IMHO they are sitting on hard evidence of fraud.
420man, would you mind doing a , let's say "countdown to dilution freedom day" based on your current count?
A simple number solely based on your opinion here and there would be awesome.
Trust me when I say this.....based on your past post, you would be perfect for it.
IMO this is not the only thing needed to fix this (SS next).
Baby steps
CURRENT SHAREHOLDERS NEED TO READ THIS!!! http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
??
This is a good read about what happened and will happen.....
http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
ok. based on what? I understand the public image is tainted but what makes the company goals any different?
I'm curious. Have you ever taken the time to read this on the SEC site?
http://www.sec.gov/investor/pubs/microcapstock.htm
Chills don't usually mean much in penny stocks though. Whatever and however it is done, if it is serious enough to show people that they should not buy, the existing stockholders are going to be stuck.
One answer is to not allow any additional issuance of shares through dilutions or any other mechanism to at least only allow trading between shareholders. Also, forcing additional transparence.
If the company then doesn't comply after time, then suspend. The SEC could inform the markets during all that without this senseless suspension then greys process. Shareholders would then be able to choose to stay or leave.
Similar to your thought but with direct transparence between the SEC, company and us and not allowing any insidious actions in the meantime.
I would imagine Sterling is in a room somewhere with a bottle of whiskey and a bag of weed. I wonder which one he picks.