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WE just need it to stabilize! Then a constant small gain each day.
1.638M dumped, with 21M.5+M sold and we are back to zero gain??? WT???....
1.5M sold, all the rest were bought? Yet it went down? This happens every time...not worth hanging out eh?
Great news coming!!!
OMO Thoughts on this - my last Post:
That stated, it appears to me that their would be a terrific conflict of interest (many in fact), as Christopher is even on the BLPG Board of Directors, and him and Knudson own all related shares of BLPG. Evan (CEO) are all entangled.
So "going dark" and NOT taking this company under its wings in some manner (merger) seems to be a sideways glance from all directions (litigation). Based on the numerous articles on Going dark I have read.
I say that it could be a merger in the private sector, thus easing the cost of reporting requirements and a more close hold situation. Thoughts OMO?
My question is:
1. Will they make us sell our shares? This seems to be normal process?
2. Will they allow $$ to move over as a private investor?
3. What else am I missing, or am I leaning too far to the right?
OK, HEADS UP - ESPECIALLY NUMBER 2 BELOW. Going Dark Strategies
There are generally three ways to Go Dark.[57] The first way to Go Dark involves a delisting from a major exchange without deregistration. In other words, the company does not “opt-out” of the SEC reporting obligations but continues trading on the OTC Bulletin Board.
The second way to Go Dark is for the firm to deregister from publicly reporting and then to follow it up with some sort of repurchase, tender-offer, exchange, or going private transaction. Economists have found that this type of deregistration is often correlated with positive outcomes for shareholders.[58] (HYPUR???)
The third way to Go Dark involves a delisting from a major exchange with deregistration, causing the company to be traded on the Pink Sheets. This type of Going Dark carries the most burdensome costs. Economists have found that when stock moves from a national exchange, such as the NYSE or NASDAQ to Pink Sheets through an involuntary delisting, share prices fall by half or more, percentage spread triples, and stock price volatility doubles.[59] The Macey and O’Hara study have found that in this type of Going Dark scenario, the consequences produce strikingly similar loss to investors as an involuntary delisting by the exchange.[60] Commentators have noted that investors often cannot distinguish between companies who were forced to delist and those who voluntarily delisted.[61]
To assist in reducing liability for the decrease in stock value and the decrease in liquidity, the company’s board should take the following steps: 1) avoid purchases of shares by the company or affiliates after delisting; 2) continue to list shares on Pink Sheets OTC; 3) keep a good record of all actions taking during the decision-making process; 4) evaluate any conflicts of interest as discussed herein; and 5) if there are any such conflicts, the Board should appoint a special committee with independent legal and financial advisors.[62]
One last comment - This may be scary, but could be very VERY exciting as well. Sure the blinders are on to the degree that you cannot see, but depending on EXACTLY what actions they take could not only shine a light on them but us the shareholders as well. Perhaps reconfigure in the dark, then come back into the light...naughty butterflies.
Or they could attempt to screw us, in which case we would have to "show them as taking advantage of stockholders in a negative fraudulent way".....I think (hope) the first way is what is happening.
I agree - BLPG is doing better and continues to.
The bottom line is due in great part to the Shareholders period.
all need to read this: https://rmfpc.com/deregistration-of-securities-a-permanent-solution/
What action can we as shareholders take?
Deregistration should not be confused with a going private transaction, which typically involves an infusion of capital and where a company usually has too many shareholders to deregister, causing it to undertake a transaction which results in a reduction of the number of its shareholders. Possible going private transactions include: (a) a merger with, or sale of assets to, another company; or (b) acceptance of a tender offer from another company to buy all or most of the company’s publicly held shares; or (c) declaration of a reverse stock split that not only reduces the number of outstanding shares but also reduces the number of shareholders. In this type of reverse stock split, the company typically gives shareholders a single new share in exchange for a block of the old shares. If a shareholder does not have a sufficient number of old shares to exchange for new shares, the company will usually pay the shareholder cash based on the current market price of the company’s stock.
OMO - correct -
Section 12(g) and Section 15(d) of the
Exchange Act
?
To deregister, a Company must file a Form
15 disclosing the number of its holders of
record
? Section 15(d) obligations can never be
terminated – only suspended
?
Thus, if the number of stockholders of a
company subsequently increases to more
than 300, a company’s SEC reporting
obligations will be reinstated.
So, time to sign your buddies up!
Thanks, likewise to all, and to all a good night!
Yes, to your private message (too poor for that function). The day is coming, and I think it will happen all at once...perhaps on the 31st? The new year bring difference, do they want to carry it over? That said, the new year and the possibility of a retroactive stimulus (designed directly to Public traded companies), could keep those in charge on their toes?
It baffles me how so many can be bought, and so few sold and we go down??
3Min - we need your excitement, NOT this twisted defeated side...Remember, enough Pressure and that coal will turn into a diamond!! Still a couple days before Christmas - ALWAYS happens at the last min.
The now passed stimulus does NOT include public companies - poo. That would have pushed BLPG that extra step.
Yep 966,661 shares sold, the rest bought, and still down....just amazes me. I have tracked this stock for two years and have data that does not MAKE ANY SINCE.
Fidelity shows shares bought, and shares sold - exact amounts of both?
OMO Help, I just don't get it...2.7M sold (APPROX), and 19M (APPROX) bought and price dropped? This is so common for BLPG? They have to be diluting? What else could it be?
consolidation.
Here ya go:
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k801stksplit10-18.txt
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 18, 2018
BLUE LINE PROTECTION GROUP, INC.
--------------------------------
(Exact name of Registrant as specified in its charter)
Nevada 000-52942 20-5543728
------------------------- ------------------ -----------------
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
5765 Logan Street
Denver, CO 80216
--------------------------------
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code:
(Former name or former address if changed since last report)
Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (ss.203.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (ss.204.12b-2 of this
chapter.
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. [ ]
<PAGE>
Item 8.01 Other Events.
On September 18, 2018 the Company's Board of Directors, pursuant to Nevada
Revised Statute 78.207.1 approved a 20-for-1 reverse split of the Company's
outstanding common stock.
The stock split will become effective in the over-the-counter market
following notification by FINRA of the effective date of the stock split.
Perfect.
8k for split is located on the SEC page (type in Blue Line Protection Group) - or just look above, I believe OMO posted it.
Yep - I think a number of potentially positive things could happen soon - My biggest fear, I guess is that BLPG goes Private. Not even sure what that entails. It is my believe that BLPG will actually shoot higher than .0013 once the next report is filed - as long as it is positive (more gains - territory or $$). If we could stop the dilution and the Short sellers/extreme dumpers, then much further, and quicker. In fact one could guess that by delaying the quarterlies in this fashion, the overall gains shown by the two still remaining quarterly reports would push this stock up far enough where your normal pump/dump schemes would no longer have ease of access (cost to much to be wrong)? Anyway just thinking out loud.
BLUF: I would hope that Hypur gets a big contract with? Perhaps country wide. I would hope Hypur brings BLPG along for the ride, as a Public company NOT PRIVATE company.
Thoughts?
Who else is doing any research? OMO, did you want to add anything?
Whoops typo - meant 280M shares...thats if the don't increase the Authorized further.
Yes - that is positive. However movement forward as a public company is key here.
As 3Min stated, once 2nd and 3rd quarter reports come out will get even more positive (fingers crossed).
However, the end state will still rely on HOW they do the split, and rectify the other outstanding shares owed. This company if handled correctly could be VERY good, depending on what Hypur does. As a public company Hypur could leverage BLPG resources, while maintaining control - that would be key for all of us watching. Interestingly enough, Hypur owns most of the outstanding shares, and will into the future based on number of shares owed to them.
Some could believe that once the reverse split occurs the outstanding will possibly drop to 140M shares - if dilution does continue to the max Authorized shares. The max authorized would then be 140M. Once that happens it is possible that they increase the Authorized to 28M and get paid back. Thus they would own outright 50% of the company, and any other shares they have accumulated along the way (I think they own minimum 65% of current shares as well?).
If Hypur allows BLPG to remain public, and continues to feed them business, then over time we could be seeing the emergence of a new big boy, not unlike wells fargo, or any of the other armored car divisions.
If they do NOT allow BLPG to stay a public company then I suspect we will all lose? Really OMO has a better understanding on what would transpire if that happened (NOT to put words in his mouth).
Bottom line is that right now BLPG owes a LOT of money to Hypur. I dont think Hypur would dump it right now as I suspect diluting etc to varying degrees helps their cause?
My two cents.....Thoughts?
We need to find out about reverse split, and 1.4B shares still owed? How in the heck do we research this?
somewhere in the darkness, the gambler he broke even....
Hmmmmm? And 3X weeks of winter remaining.
3Min....Forgive the clatter...what about the reverse to correct the 1.4B shares...that is what our viewers want to know about....how do you see that.
So NO INSIGHT? You must forgive - A number of us have been working this stock for a couple of years, very detailed, watching exactly what is going on - we have gotten used to the different hype and claims that so many have without any back-up. Honestly I was hoping you may have some insight we don't have (if possible - lol). Ok we will see about your .02 on Monday. He He...
Secret Sauce - Nice. I have followed for 2.5 years and looked at every detail/connection. Your magic must be great? What do you think about the reverse, and WHY they are doing that? What about the 1.4B shares left owing? Please give us all some insight.
.12? Please tell us how you came to that figure.
I have a feeling something is going to happen today...............
Someone just created that article to fool.....Guards have been gone for 8-9 months at least?
So............
What provider are you using to buy? Many won't allow you to purchase stock for this company. Thanks.
STOP! Dark and Defunt - OTC. Stroke? I was under impression NO ONE was even pushing any product (2 years?). I have a buddy that said that greene had a stroke? That this had just become a milking machine - NO ONE will make money. Not sure why its still an active company. I have reported this company to the SEC to see why it's still trading.
Wow - Nice new site! I am now a bit more excited!
How are you buying? Fidelity/other wont let me?
How do you figure?