"Finding shell stocks with mergers in the works"
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.
INFO 6 million O/S filings on SOS indicate company seeking a merger.....this one may do an RIVT style run......
If you look at the company PR right before the spin-off (2 weeks before) company got 3 million cash in new VC funds.........and then the spin-off 2 weeks later makes you wonder if they were setting it up in advance to do an exit such as a merger-and then an uplist....?????
If you search Thermogen on SOS they have the thing set up in shares, so they certainly plan to do some sort of exit.....ceo been involved in major companies so you never know if this one is headed for a Nasdeq uplist.....
INFO going to be the next RIVT style runner........
INFO going to be the next RIVT style runner........
KRBF 0.008 x 0.0015
Thanks for posting, just sarted looking into this one....
"It's not illegal for MMs to sell naked into demand.'
where did you get that from?!
of course it's illegal to insert false and fictious shares to the market! Just because mm's are doing so, doesnt make it legal by any stretch of the law....market manipulation and engorgment are all illegal activities - very difficult to prove though when mm's are the one's doing it - like the fox gaurding the hen house....
You just proved my point yourself.........and the answer is naked shorting......thats how over 8 million shares traded that day by mm's who then trashed the stock to 0.00's
Last time I posted here I said this scam was going sub penny which it has.....now I'm calling for the stock being halted for fraud by FINRA and or 0.000's
Shame this scam still trades......
Take a look a ticker GEVI and see for yourself what happened......
So one needs to ask where those millions of shares are coming from if no shorting is involved:
The answer: mm's naked short millions of shares on OTC all the time which they never do cover......
I dont think short volume really means much on OTC, mm's kill stocks by selling naked short shares which they never intend to cover hence they have a way more harmful effect on the market since more share exist theoretically in the float than the actual tehcnical float is.
So for example: RIVT traded 16 million shares but in reality only a fraction of those shares were really available for trading. MM's knew that retail was falling for the missinformation being spread, so they knew the stock was going to crash/get delisted. So instead of just keeping the market liquid with say 4 million shares they flooded the market with 12 more million shares (though some of that can be atributed to flipping)
Since mm's will never have to cover any of those shares they sold millions more shares than really existed AND NO THEY WERE NOT SELLING SHARES WITH THE INTENTION OF KEEPING THE MARKET LIQUID WITH RETAIL TRADES!
I insist that most of the trades was mm's selling retail shares that they never intended to EVER cover.
This practice is commonly refered to as naked shorting, and yes it is scandelous!
Additionaly, mm's were doing tons of wash trades (which is illegal) to convince retail that millions of people were actually buying and selling the stock.
A/S on SOS is 10 million so either way tradeable shares were no where close to 16 million. Numorous trades were wash trades as well mm's selling and buying from each other back and forth, so lots of the volume was not true volume either.
could've been I wasnt watching
I hear what you are saying, but I think that in the true sense of the word shorting then you are correct......BUT in pennyland mm's are notorious for naked shorting or selling shares that dont exist. (sometimes selling shares in aticipation of future retail buys) but most of the time just selling shares with anticipation that they will never have to cover those trades - such as most of the 16 million shares traded in RIVT with an O/S of only 4 million......
So yes I think mm's banked VERY VERY big!
Chart showing VGTL is a dilution machince I'd stay away.........
Way too many shares to trade in one day with little pps change....
VGTL 5/5/2015 0.0024 0.0024 0.0019 0.0020 46,750,400
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=27054&i=VGTL&pv=stock-chart&puv=110794
I've been watching it, but dont like that thier license on Nevada SOS expired......
Good ridance to one of ihub's more notorious scammers!
A day after the RIVT fiasco and FINRA stock halt one has to wonder.....
Cheeky, how many alias's did you have on Ihub?!
Here are some of my 10 bagger picks:
INFO, NDYN, DRSX, VCHS
My Pick $DRSX second pick $NDYN
that setup of x just means number before represents bid price and number after x is ask price.
If you'd like to follow some of my picks, I focus on shells which have great opportunity for reverse mergers.
Basically shell is worthless now but has potential if a company mergers into it to bring the new value of the company coming in and bring value to the shares of the former shell.
usually shells are very undervauled based on the new companies a asests and potential so they can run very high.
My best pick right now I feel is INFO 6 million oustanding shares and company filing in Oregon suggests they are looking for a company to merge into the shell.
GLTY! and welcome to the group here!
I'm not a prohet.......just kee a list of dormant tickers and follow trading paterns. I post if I think there may be something to it.....
ETHS 0.004 x 0.005
mm's certainly violated sec rules for market manipulation - so no the run was not legal........60% or more of the trades were wash trades...
LOL! ( let me rephrase that then, WONT run - but may trade upward slowly) LOL!
Bloodbath coming Telsa didn't buy RIVT, they bought company that WAS RIVT formerly RIVT foreclosed in 2007 check the last PR company put out
INFO 0.015 x 0.025 going to be next RIVT style run - BUT on legit news lol!
INFO 0.015 x 0.025 going to be next RIVT style run - BUT on legit news lol!
FRAUD GOING ON RIVT NOT BOUGHT BY TESLA MOTORS!
Submitted SEC fraud complain:
Form Submitted Successfully
TCR Submitted Successfully - Reference Number: TCR1431016178994
To print a copy of this submission for your records, click the Print TCR button. Please include the Reference Number on all future correspondence regarding this submission. To print this confirmation screen, click your browser print button. Thank you for contacting the Division of Enforcement of the United States Securities and Exchange Commission. This automated response confirms that your submission has been received successfully.We are always interested in hearing from the public, and your submission will be given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. Please note, however, that it is the Commission's policy to conduct its investigations on a non-public basis in order to preserve the integrity of its investigative process, as well as to protect persons against whom unfounded charges may be made or against whom the Commission decides not to bring an enforcement action. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather, nor can we confirm the existence or non-existence of an investigation, unless such information is made a matter of public record in proceedings brought before the Commission or in the courts. Therefore, this may be the only response that you receive.If you want to learn more about how the Commission handles inquiries or complaints, please visit http://www.sec.gov/complaint/info_tipscomplaint.shtml.
People going to loose their pants here on the false info being spread RIVT was not bought out!
yeah check the PR in 2007 they went bankrupt another company took them over kept same name but changed to LLC
Yup scammers trying to hijack and spread false rumors on that PR
RIVT not the same company telsa is buying......
SELL to the mm bagholders before this drops mark my post!
LOL SCAM here read the last PR company did before they went dark difference is in the LLC versus INC. they bought Riviera Tool Company LLC NOT 'Riviera Tool Company INC. BIG BIG difference!
SCAM HERE LOL!
http://ih.advfn.com/p.php?pid=nmona&article=22949278
Riviera Tool Company Announces Foreclosure of Assets
Date : 26/10/2007 @ 17:30
Source : PR Newswire (US)
Stock : (RIVT)
Quote : 0.101 0.096 (1920.00%) @ 11:47
Riviera Tool Company Announces Foreclosure of Assets
Print
Alert
Riviera Tool Co. (PN) (USOTC:RIVT)
Historical Stock Chart
5 Years : From May 2010 to May 2015
Click Here for more Riviera Tool Co. (PN) Charts.
GRAND RAPIDS, Mich., Oct. 26 /PRNewswire-FirstCall/ -- Riviera Tool Company (Pink Sheets: RIVT.PK) ("Riviera" or "the Company") today announced that all of the assets and intellectual property of the Company had been foreclosed on by its primary secured lender, Laurus Master Fund, Ltd. ("Laurus"). The Grand Rapids, Mich.-based stamping company said the foreclosure of assets follows an August 2007 demand notice issued by Laurus, following a default by the Company on its loan agreements. Discussions between the Company and Laurus to extend or refinance the Company's existing credit agreement were unsuccessful. Pursuant to the foreclosure proceedings, in accordance with the Uniform Commercial Code, the Company was released from certain indebtedness to Laurus in exchange for the surrender of the Company's assets and intellectual property securing its obligations under the credit agreement. As a result of the Foreclosure Agreement, the Company has no remaining operations and a de minimus amount of cash. The Company said that following the foreclosure, Laurus sold the assets and intellectual property in an arms-length transaction to a privately held North American company, Riviera Tool, LLC doing business in Michigan as Riviera Tool Acquisition, LLC. The new owner intends to operate the Company at its current facility in Grand Rapids. The majority of the Company's 68 employees will be offered employment with the new owner. About Riviera Tool Riviera Tool Co. (http://www.rivieratool.com/) designs, develops and manufactures large-scale, custom metal stamping die systems used in the high- speed production of sheet metal parts and assemblies for the global automotive industry. A majority of Riviera's sales are to BMW, Nissan, General Motors Corp., Ford Motor Co. and their Tier One suppliers. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities laws. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological. DATASOURCE: Riviera Tool Company CONTACT: Brian Edwards, +1-616-262-7484, , for Riviera Tool Company Web site: http://www.rivieratool.com/
Copyright
Thats a private company they bought LOL! nothing to do with this stock!
Riviera Tool Company was bought out in 2009 years ago......
mm PUMA joined the stock yesterday as well, good sign.......
$NDYN 0.003 x 0.005 on reinstatement watch 5.9 million float
NDYN 0.003 x 0.005