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Do some basic DD. The news says NV corp. Try looking up American Diversified Holdings at https://esos.nv.gov/EntitySearch/OnlineEntitySearch and see what you get. Can't file an RS for a dissolved company. Evidently they can't even reinstate it, as desperate as they are I would think they would have tried.
Look up the name signed to the news; M...Z....he is CEO of corporate hyjackers MMG...You can't mention his name or MMG name on Ihub...thats how bad they are.
They dont! Its fraud. Its a hostile takeover attmept! They cant file for an RS because the company is dissolved in NV. They have no authority so they are making public statements to try and tank the company.
Real company is in WY:
Talk about some serious securities fraud. There is no NV corp. This company is incorporated in WY.
Amazed the SEC hasn't jumped all over MMG.
Now they need to sue the OTC for allowing fraudulent postings.
$BBRW Gapped up earlier, .0052 now a possible gap close entry point.
Beginning to think that guy gets more traffic than the Onion...
$ADHC; I am not the biggest proponent of pot plays but, ADHC may make waves soon. Their proposed acquisitions are with 2 profitable companies in the MJ industry.
They had announced intentions to acquire Pharmstrong in January and announced the same intention of Resinosa, LLC this week. Of course at the moment it is just a LOI so, we will have to wait and see if one of or both these RMs happen.
Is there any active management trying to get current? If not they are suspended in 5 months. Are any of them active at the SOS level? Were any of them subject to social media hype concerning being a covid related business?
Damn hoarder, no wonder I didn't get filled.
$GRLT CEO files form disclosing 163m shares of GRLT stock he purchased on open market this week. Disclosure
Day of red everywhere, in every market. Seems the only winner today was oil. It went up so hard I expect it will crash. Economies around the world are still shit and demand for oil weak.
Maybe these guys should talk with SFLMaven(SKDI)..get some cross business going.
I would prefer waiting for the CE to come off when the market doesn't have chronic diarrhea...it would be wasted good news this week...
MM games, Ive got bids between current and ask...none of them show.
$INCT running on high early day volume.
$GNGR Has addressed the issue and expects to be current soon.
6 months after the 8K from Andre S. Jaberian we get another 8K where he resigns and Ronald E Hughes & Richard Tang Take over.
They already have OTC issues at this point as they state in the 8K that they are attempting to address those issues.
Knowing the history on this ticker and why it hot the CE to begin with might help. When I bought this in 2009 it was somehow connected with Bell Buckle Family Store which is still in business. How that got divorced or if it was a sham marriage to begin with I don't know. I was in China and not paying attention to it.
This was "Digital Color Print Inc" until 2007, Then something changed and it became Bell Buckle Holdings and went dark with a form-15
It was selling the same brands currently sold by Bell Buckle Country Store (captain Rodneys & Simplify Gourmet...)
In 2018 we get an 8k that says this;
$BBRW Drops NEWS on 1st quarter revenue
The court minutes involved the NV SOS. Couldn't figure out why without more detail but that was very strange to see. Whatever it was he didn't like it.
$ADHC Acquisition News
Zhang hasn't been pumping anything. Odds are the only reason the SEC would bother watching DRGV is if the previous management had tried some funny stuff. Most tickers that get suspended have been investigated for a year or longer.(the SEC isn't exactly fast)
Not only are there now two different pages, one with pink one without but, neither has the big WARNING!!! splash page any other CE ticker gets when you look at "overview".
I suspect you only see the page without Pink if you use an old link. Doing a search for BLLB on OTC site gives you a pink current page.
Same reason XCPT made 3 trades at .39 and then closed .0068, MMs do whatever they want.
$INCT: Update on getting OTC current. Incapta Update
$XCPT; A lottery play for sure but, the spread has been interesting. If this gets OTC current it could easily do $1 with such a tight float (89m)
It is a good example of how MMs get to play games. The bid is always 10k / .0068 (has been for months) This bid never gets filled and never rises when trades go through higher.
This is the MMs hiding the real bids. I actually have a bid in at .008 but it never shows up.
Any mention of a timeline for the RM with Pharmstrong?
and I see I dropped a post in the wrong board again...
SEC scared a lot of new traders out of the market last week...gonna take time.
$MIKP Released news this week of their acquisition of the rights to the long running Vampirella comics series.
Arowana acquires vampirella
Mike the Pike is one of those companies I really hope does succeed. They have been working at it for years now though. They struggle to keep OTC current and have been suspended back in 2012, recently elevated from Grey Mkt to Exp Mkt and now trying to get current. At least they never quit.
Considering the utter garbage put out by CW these days I would really like to see them succeed.
$SKDI: Dropped some news about sales today. Auction Results
The CE designation means OTC thinks they are running a P&D. The fact that they don't seem to want to complete their business deal until its gone, and they can reap max trading benefit, makes them look like a P&D.
The CE in no way limits their daily business, unless that daily business is selling shares.
Don't be surprised if it doesn't show tomorrow. OTC stocks sometimes take several days for the TA to get counts right.
A point worth repeating here. The $DRGV board has some peeps making false claims about custodianships not being suspended because they are in court. This is completely false. A civil court, hearing a motion for custody of a corporate entity, has no authority on that companies public trading status. The judge has nothing to say about any SEC actions. The SEC also does not care about any custody court case when making their decisions. They have suspended custodianships several times in the past.
The only way a judge can intervene in a SEC suspension is if you bring a suit against the SEC. Never seen this happen.
To me the most important detail of that whole fake 8k is whose name is at the bottom of it; None other than the unmentionable m1namargroup
I have been watching MIKP for years now, haven't been able to convince myself to buy. They are grey market which I don't buy anymore. They are going to have to get current though like everyone else. I am waiting to see if that happens.
100% false. The judge has no say on whether a corporation can be suspended from public trading by the SEC. The judge decides who is in charge of the company. David lazar & Synergy Management both had tickers suspended that they were custodians of. They went to the judge and asked to be relieved of their custodial obligation when that happened.(it was granted)
The SEC does not care who is in charge of the company when they suspend it unless they plan to file charges. If they decide the entity is a vehicle for illegal activity it is their decision to make.(you can always try and involve a judge by suing the SEC)
SEC hasn't shown any sign of basing their decisions on court cases. Lazar and synergy(GWYT) both got burned by suspensions before. Typically anything getting suspended has been under their eye for awhile because they spotted suspicious behavior in social media touting or management making false claims(BS covid business claims were popular this time around). If this has a history of the previous management acting badly, then they are on a list at SEC. If not odds are low anything will happen to them just because they are not current(that is already addressed by the sept. deadline)
$PFMS RS has been processed by FINRA. 1:750 today
They usually tell you what the new symbol will be. I don't see anything. If its in his application we cant see it.(he doesn't have to change it)
The application allows them to do both RS and symbol change in one filing, silly to file twice. They may be perfectly happy with it being PFMS
No symbol change? Interesting...
$ACCR is complicated. Might be a while before it can be considered a good option. More of a lottery ticket at the moment. They claim it is sold, but finalizing that could take months. Getting current with SEC even longer. Worth keeping an eye if you think MJ market is worth while.