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.
Chart Looking good..
Guess the excitement of those big volume day in late July through Sept have mellowed out. Perhaps that there was the load zone, and now it's just trickles as we wait until Oct/November for this uplist. Perhaps we get some news to get it jumping again.
Thinking the uplist may take a full 2 months, as have seen the uplist times seem to be on the longer end these days. Wonder if a waterfall drop is coming as it seems to alot here...
Seriously wondering if we see $4 before $8
With the reverse split, the volume has shrunk so that small trade volume is pulling it down. By the same means it could also push upwards but it's going to be interesting.
at $17 this was a $300M company...at 1/3 of that right now it's going to take some real string of good news to get this back to those levels. Maybe they do $20M in revs this Q & it gets some legs.
TimC...
I don't think there's a portal for details on applicants.
And the issue with TOMZ is they haven't disclosed that they have actually "applied"
This R/S was supposedly preemptive to apply, but haven't seen them release a PR on actually applying. The normal time frame is around 2 months if all boxes are checked off on requirements.
52 WEEK RANGE [0.49 - 17.04]
MARKET CAP $102.82M
SHARES OUTSTANDING 16.75M
PUBLIC FLOAT 10.33M
Not Adjusting A/S for this reverse split is a bit alarming.
https://vocal.media/trader/a-microcap-s-guide-to-uplisting
Looks Like Financials Are Out on SEDAR
https://ufile.io/t1xgaunq [file link]
Seems, their Assets did increase 5 fold, as well as Liabilities.
Still, in this case. Size will matter. And This report was up until May end, so any additions shold increase their CA as well. Think it's for sure getting closer to that NASD.
Belg..
Lots of good to come here. Chart shaping up well [PSAR has flipped] NASD listing on the near horizon. News showed the closing of all $20M private placement. Looking for a 50-100% swing soon on this tight share structure. US ticker showing signs of a tipoff as it's got more volume ramp than Canadian. Players wanna play!! Let's see what happens...Lonely Board but we'll see. GL to You!
Some of these Covid Plays have...
really hit the skids [OPTI/TOMZ] they had great runs, but have been bleeding of late. Still the need for these products aren't being diminished. At a certain point they're in super loading zones & the move will come.
TOMZ earnings were fantastic, and next Q could be even better..
Yeah Eagle07///
I'm on two other uplist plays off the OTC, both have filed application. One did the R/S way prior to filing [did a 1:150] other did a [1:15] after they filed, but both really had implied the application was getting done & requirements were checked off.
Here, it seems it's been spoken about, but not sure if it has been an actionable item as of yet. It takes a lot to get a uplist done.
At the same juncture, the peak opportunity would have been the r/s when it was above $1.50-$2. Application should have been done then to align things. Seems some are discouraged by management here, and sometimes that's it's own issue.
Odd Maneuvering..
Seems like a weird timing to have enacted the reverse split.
Had they already applied to NASD that would have been a different story. But, usually it's best to start the apply process, then enact the split. But some do the split then "anticipate" a NASD application.
Sure their business lines are doing well, but just not a good maneuver strategically. Stock was rebounding off that .50-.60 level & now seems like it wants to retest it.
Share Structure looks solid, outside of not adjusting the authorized which is bizarre if they indeed are seeking a NASD.
Like this play, but it sure needs that verification of application, else it's going to flounder.
Don't Forget The Merger Possibility!!!
Guess GMGI is just waiting for NASD clearance at this point.
Hope some took note of the possibility of a merger being in play once some boxes are checked off. A lot can happen in this space, right now some of the hottest stocks are gambling stocks. Would be a great way for a larger APAC player in the online app/casino space to get into the hot public markets right now. Waiting for the next leg up for now.
Good To Hear, Green09
Seriously hopeful that many others with this holdings will get to old accounts & see that it's alive & moving. My belief is that much of the available shares may be unknown to the old buyers, as accounts get burned out, people switch brokerages, or some are dearly departed.
Hopefully more like you will come onboard and see it's moving currently & can recoup some of those past losses. GL
Dat Meat B Hot!
I guess some may be more willing to let this play out a bit before calling it a scam. I've known many LLCs that do good business & operate out of very subtle, non descriptive digs (often residential addresses)Some are one man ops too.
If they're going to play the role of custodian, then their job here is to clean up the share structure, get it current & align a possible merger. If they are the final entity absorbing the ticker, then we'll have to see if that's the case. Really, nothing is known at this time about what direction they intend.
I'm more than willing to give this an opportunity to develop. If by any small percentage this allows any of those shareholders that lost much back in '06 to reclaim something versus nothing, then I can't see how one can be against that potential progress.
SLJB, I think back then moved from .01 to .20 or so. If any claw back can occur on a share price rise, I am all for it. Pump Away if that's what you wish to call it. Many markets/stocks operate under the same pretenses. Isn't the end goal here to make $, or for those that lost it to make back some $.
"Obvious P&Ds" tend to shoot quick & fall quick...so in reality, this isn't as obvious. It's been trending up for 6 months...We'll for sure see if you're right if a large red candle day pops up & sends it back to oblivion of 0.0001 or so. Right now, there's no volume really, and the average dollar volume is quite low. We shall see if more comes in. I Hope for the best with all those on board. I know you've said previously you see it moving up to 3x current, so I know you see the potential, even perhaps as we can't yet validate it. We'll see!
As A Pure Play Custodianship!!
Looking at this here as a pure play custodianship, wiping the nefarious past (difficult to, I know) and looking at where it's at right now.
Price: $0.005 O/S~600M Supposed Float 200M, MCap ~$3M
Honestly, having done some reading up on the state of custodianships & why they are such a hot play these days [https://hscorp.biz/reverse-mergers-and-custodial-plays-making-penny-stock-investors-big-bucks/] SLJB very well could be a mega runner. We are in ever early stages here.
That share structure is better than most custodianship plays that are currently running. IF the custodian comes out & states there will be no R/S this will likely run. These shares are not fully available. There's just been too much time between it being alive & dead. Many people burn out trading accounts, they open new ones. This was dead money for 14 years until March '20. Some may never even know this is moving in accounts they have. Some are probably deceased.
The price targets some are throwing .05-.25 are not as absurd when you think of a momentum run. In the end, the key is the custodian, are they the final landing spot? or is there another pivot to come into another entity.
At this point, I'm not sure why it's being called a scam by some, it's going to be a process and it's going to be over months, not days. I'm not sure why any former holder would be disheartened by the on goings right now. Whatever value your shares were they're up 5000% since. Seems it's either on doom, gloom, or euphoria.
I'd encourage anyone to do some dd on custodianships, they are the SPACs of the OTC lol & honestly could return you more. Many have run without even a solidified merger candidate. Let's hope for the best & for some good volume to come in over the next month. Hopefully, those that still held shares through all this time can see some clawback in time.
Have managed to get SLJB back onto Stockcharts..enjoy!
Board Getting Interesting LOL
Lots of vast opinions on things here.
Honestly,..anyone burned in '06-'07 on this ticker really should be amazed that it's actually alive & trading. Sure, many got burned, many sold back then, and some still have these shares by voluntary default. So any move up here is a gain off of the $0 it was in 1Q20.
My guess is a lot of these shares "held" will be a bit phantom, many may be residing in dormant accounts, with owners unaware of what's happened here since April. A poster here claims one deceased dude was a whale holding 30M shs...so who knows.
For those that nailed those .0001s-.0005s, kudos to you, because if you check back on twitter many started signaling it then when the custodianship process started moving. So for those, hey huge run, big gains, and credit to them for their action.
Still, I am guessing that it's quite difficult to snag shares. Volume, has been very small, save for about 2 days when 30M & 50M moved over the last 6 months. So with a 200M float...where is the volume? I am sure some retail buyers are trying to land 500k-1M blocks, but it's not happening. Maybe someone on LV2 can elaborate on that. If these shares are scarce, like I think they are...the upside could be swift if volume comes in.
To those knocking the custodianship process. Look, Star Wax has an obligation that they signed onto by pulling this zombie out of the grave. So far, they have gotten OTC updates in terms of the share structure. And it would appear that perhaps they are indeed acting as custodian & will seek a merger partner & then discharge the custodianship. But it's unclear really.
To the sleuths that linked this to SPRL & spotted that twitter link on the merger site [which has now been removed] all interesting finds. To me, SPRL was seeking a merger candidate, but never got their Share Structure updated. Whereas SLJB managed to do it putting them a bit ahead. Next they'll have to get the Caveat Emptor removed on OTC & perhaps pink current
At this point, just moves on the organizational side will have positive impact. If they can get this pink current, it should be at least .01
And for those yelling P&D..aren't most markets P&D anyway??Even good companies stocks get run through & then they tank. Rinse Repeat Profit. Earn your entries, pick your exits, keep it moving!
GLTA, the hate on SLJB is real from days past. Many lost some good $. The fact that they might profit (crooks who still control some shares) again is troubling for sure. I do wonder if is R/S will occur here as is common on many custodianship plays.
Whatever it is this thing is just starting. So is the risk reward at half a penny worth it???
Hmm, So this is Shell on Shell Action? LOL
Good find, I wonder if SPRL was also a custodian play.
Guess truth be told, SPRL never got their share structure current on OTC even tho it seemed they said they were attempting to. SO..1 point for SLJB there. LOL.
Good Post There K1..
When you think of it, so many brokers have consolidated in that time. One account just passes from broker to broker as they are sold. Very few brokers are still the same that these shares would have been bought on...
If someone actually dies, the brokerage really doesn't know, the accounts just sit. So unless the family goes & digs into the affairs of the deceased they may not find that they had brokerage accounts etc. It's really strange when you think of it. And then who would think of these things when essentially it was worthless at the point it existed...
So the time marches on, and I do believe that many account are either inactive, dormant that very well could be holding millions of these shares, that are as you said phantom, because the access to them might be lost or forgotten.
That person you mentioned with 32M shares,,..that's a 1/4 of the float right there, and worth a good amount, but without access, it's just vapor shares. It's crazy to think people can pass on with millions of dollars in a brokerage account & it can just sit there & no one knows, but I am sure it happens. Your 32M guy just needs a few more upticks & he would have that in an account...Crazy!!
Quite a run off of .0001
I'm haven't seen this on LV2 to see what the B/A & Sizes look like. The availability of shares would seem difficult as in your example there, someone was looking to snag a 50M size lot at .0001, which would have been a $5k buy that would have grabbed 1/4th of the float.
There were some other heavy days it seems as well. Off that .0001 to current [.0044] is a whopping 4400% move. So those in the know are looking good on their buys. As well as those that spotted the volume ramp. That's a $100 turning into $4500
We'll have to see how volume moves & if there's shares truly available. Many may have long forgotten these shares, or may be long forgotten themselves, so a lot of shares might just be "gone" Some bizarre stuff really when you think of it all.
This has an odd resemblance of forgotten/lost BTCs on/in wallets or thumb drives :)
BTC over a decade, $100 turned into $10M, that is if you didn't lose your wallet or got it jacked up! LOL
We'll see what happens..GLTA,...
Lots of BagHolders For sure...
All those you mentioned with millions of shares, some with hundreds of thousands it adds up. The p&d that took place in '06 left many holding those heavy bags. Some some have passed on, some have forgotten, some have lost and some remain.
Back when this p&d went down many loaded up all over the US & Canada, this was a well orchestrated fleecing that got some press back then. Still, relative to moves you see in the markets these days it was a mediocre pump at best. From .01 to .20 I think over a few months time.
There could be some telling signs ahead, with a 200M float, if you start to get heavy [50%-100%] volume float churn it could be interesting. At the same time, I do suspect some of those p&d guys still retain boatloads of shares, so they might profit greatly (again) on a move up. The custodian I suspect is in charge of retaining & recapturing those shares back to treasury.
At these levels it may attract some trip takers [those who buy & sell the same day on good percentage move & volume, your day pattern traders] But the volume has to start getting to those levels. All in all, it's a positive move so far. It's a zombie awakening after a decade!
And obviously some "knew", there's a reason volume ramped up at the start of April after it was dormant for so long.
Share Structure on OTC UPDATED 09/04
That 10-15X
Interesting Nuggets Jericho..
What you mentioned would sort of allow this little detail to be quite interesting:
"Mr. Smith served from 2010-2014 as the Chief Financial Officer of Paulson Capital Corp., a NASDAQ company, where he co-led a reverse merger transaction of the parent company while navigating the regulatory hurdles of the SEC, NASDAQ & FINRA in simultaneously spinning out the Broker-Dealer subsidiary to a new ownership group and creating a $10 Million liquidating trust."
[https://finance.yahoo.com/news/golden-matrix-announces-appointment-murray-132500476.html]
Would be something if indeed it's being used as a vehicle for another company [it was mentioned much larger sized] to utilize it as a shell to go public. Fun thoughts..if you outlay 10-15x revs onto GMGI revs, this could be interesting...guess we'll have to see.
" on January 22, 2020 GMGI’s Goodman said in a conference call that it was in preliminary talks with a large lottery business 10 to 15X the size of Golden Matrix. Its CEO also noted that it would up list to an Exchange should a merger be completed"
Upward Momentum...
GMGI is looking good in this upward channel on the weekly chart since mid March. It's really interesting to see the number of shakeouts that have happened over the last year. Seems stops get cleaned out, lots of sharp dips & recovery. Got to wonder how many more of these are ahead. OTC provides for some wildness, looking for that 50-100% up day or the 1M volume day. Hopefully it can breach that $6.95 high close from 8/25
Yeah LOL meant .0065.
These zeros get confusing.
I'd have to have a lot of thought power to go .065 :)
Some have been circling it..
It's been getting a bit of twitter hits for the past few week. and seems to be building among a small group. With the trajectory it's been on, the fact that the custodian said something should least move it 25%+. So I will put a bet on black .0065 .
Best to you new holders & the to the old bags as well. lol
Thanks for posting the tweet shot.
Um,,,that's Some Funny Math You Do Kl11i
I'm taking you took the 120% from my post...well...120% onto .0044 is .00968.....But Fun numbers are Fun to view too. Maybe there was some challenging zeros somewhere. We shall see.
Kl11i- "$SLJB - 120 x .0044 = .528 that is 52.8 cents a share... It could happen... Actually, I am not blowing smoke here but I have not decided when I am going to start selling naked short shares back to the Market Makers yet.. Right now, they start at $2.50 in a lot of GTC in million share lots for some of them... But this is only if my Naked Short shares that I bought over the past 13 years mean anything to these market makers... I have no clue if I mean anything to anyone in $SLJB land right now...
But if I do, .528 is realistic here... hotmeat... be nice here... I said if my naked short shares are important here only... ""
Well The Plot Thickens..
It seems now Twitter is the place where pinks make moves. Forget filings, a tweet & it's off to the races. Two days back a tweet from XTRM sent their stock up 120%..
So now there's a tweet...What's this tweet worth tomorrow?
My Pig got Slaughtered..
But it's carcass seemed to have remained & spawned something. The fact that this is even trading is a bit of a miracle. It's in other trader's hands now, refuse to throw any $ at it to average down. Will see if it provides for a viable exit.
https://www.otcmarkets.com/stock/SLJB/overview
the skull & cross bones is quite fitting.
Fun For Some I suppose..
Guess those who are in at the 000_ or 0000_ levels are looking for a few round trips on it. It's certainly interesting, but lacks the pomp & circumstance of the RCMP, Dubai, arrests & black Pete & such, oh and the LoftWorks takeover lol. Wild ride into oblivion & then the zombie comes back. LoL
Not sure really, but this clip [
Isn' this the game here??
https://www.nintendo.com/games/detail/gearclub-unlimited-2-switch/
This looks to have been released in 2018, then ported onto Nintendo Switch? Says available now on nintendo site.
Not sure, but not really thinking too much about Eden Games, they haven't had a release in years.
This is getting some Twitter buzz
https://twitter.com/search?q=%24sljb&src=typed_query&f=live
Interesting little march upwards. Mysterious, like this ticker has been for decades.
Ah the days of Dubai construction deals..:)
Silent Storm Brewing..or Slight Breeze
https://www.bnnbloomberg.ca/market-call/bruce-campbell-discusses-the-esports-industry~2026194
See they got a mention up north on BNN/Bloomberg. Hopefully it gets some buzz going soon https://twitter.com/search?q=%24MLLLD&src=cashtag_click&f=live
This should revert back to MLLLF around 9/12..
iLottery/iGaming...
emit,
I actually think GMGI has more upward potential if they emulate EVRI rather than GMBL. The esports gambling business is minuscule to the casino iGambling & state iLottery business. What EVRI is doing is likely going to be a 10x bagger over the long haul as more states open up their lotteries & casinos to digital portals. EVRI released what most would call a horrible quarterly report, but the stock has been climbing. GMBL has began to stutter since it uplisted to NAS and is heading closer to the offering price they did to uplist at $4.25 [4.90 currently)
If GMGI can get some of this iLottery/iGaming business essentially as a FinTEch business in the US it would be a great bonus to all that it has going for it at the moment. Plus likely it would garner a higher multiplier & allow for a higher price appreciation.
We shall See..Maybe we get another 20% uptick week here..would push it past $8.
Quite a Week
GMGI really did some remarkable things this week.
*Highest Weekly Volume since June 2019
*Highest Weekly Dollar Volume Ever
*Nasdaq Filing w. Non Brokered Capital Raise
*New 52 Week high of $7.55
*Market Cap ~130M
*A Waterfall Drop to $3, and swift recovery
*Sustained Upward Price Trajectory on Weekly Charts.
Guess the only thing to ponder is how high the Market Cap can go before it begins to stutter a bit. 7 straight week upswing.
Congrats to all those here before March on the 10-12x baggger
Highest Volume Day Since April 27
Has to clear 687.5K volume to break last volume high....665K currently...much higher dollar volume this time through. Some will see this evening they were stopped out,some will not be happy at all.
Tomorrow will be interesting to see the follow up on this craziness.