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.
What company are you talking about? Pretty sure no one knows for sure who is going to be involved with the RM...
Whacked not the right word for a 50M dump taken on the face of the stock.
Now 35M more on ask also, typical lack of patience being shown by 'investors' here.
Oh yeah, forgot about that.
This is a very appealing ticker now for a strong company looking to go public...
There are more than one company listed for Suite 2600??
Weird.
Anyway it goes, people selling when there is a known RM about to occur doesn't make sense.
Not sure why you wouldn't hold on for a week or 2 to see what happens. RMs always move big even if it is a dud company that is the new holder just based on speculation and hype...
Look what happened here when Critic took over, it jumped from trip 2s to .0018, and that was knowing Critic was a t-shirt company with no income run out of a dorm room...
The debt is now going to be zero for the new company per the latest release.
More than half was already eliminated and new CEO has agreed to pay off the rest. So whichever company, Brown Box Branding??, gets the ticker, will actually have a debt free start. I believe this is pretty rare in the pinky world and makes sense if they wish to attract a legit company that isn't run out of a college dorm room...
Where are you getting the idea that Berkshire has the same address as Brown Box Branding??
The supplemental information announcement on OTC markets says that CRTC's new office is the same as Brown Box Branding however Berkshire seems to be located in Toronto or New York, not sure which.
Also, the actual purchaser of the company is St. James Capital Management LLC which is located in Bloomfield Hills, Michigan I believe. John Figliolini is associated with both companies but it's unclear in what capacity.
Very doubtful. They are in the business of reverse mergers for other companies.
Yep. These are the reasons why I was hoping for Alec to wash his hands of the CRTC ticker and allow a new opportunity to arise that has potential of being an actual company. Best of luck to Alec but lets face it, a t-shirt company that is kind of boring and steals most of its logo designs from sports teams isn't really going to ever have a large market value.
Not sure about the RM costs though as I will guarantee Alec didn't pay that much back when he acquired the shell...
So. No report from Alec yet, just a bunch of bickering and name calling on Twitter, go figure. That seems to be the preferred Avenue of communication in America these days.
He did say they are private now and the CRTC tucker is not them any longer.
New headquarters happens to be same address as Brown Box which has 4 offices and is about 10000 times the company that Critic is, in a sector with growth potential and relative stability.
Say that is who will take over this ticker, which now is free of debt. That should bring in huge volume as this would now be the most undervalued stock on any board. On top of that, you know the new comany doesn't want to stay trading in the trips or even on the pinks board. I imagine they will try and trade much higher and move to a legit board. Hopefully they do that by retiring shares and creating a very attractive share structure to go with their already good revenues. Of course, this is best case scenario, but imagine if that is the plan...
You know of any tickers that Berkshire and/or Figlioni have been involved with in the past??
Yep. I was saying a month back that I thought this may happen when Alec graduated and needed to get a real job. Often, when tickers change hands you see the biggest sustained runs as speculation runs wild and is usually accompanied with PRS.
Is he the CEO still? OTC markets has a document stating he sold controlling interest to some financial company in Detroit.
What's the story today? Just checked in and saw crazy volume & activity. Another iHub pump or some substance?
Well. It would be nice if true. If he actually has a patent pending, then this could be a possibility. Or if one of his athlete buddies has something going they want to bring him in on.
A merger with whom?
Critic Clothing of South Korea?
Yep. Time to actually increase production, get real deaks, etc.
1 big thing bring's a question on report.
What the he'll is the -215k in accounts payable??
No explanation for that one. What does it mean??
That is my hope and a possibility.
The other, less than stellar, possibility is that he gets a real job and no longer has time for his clothing line because he's gotta pay off that college loan...
Even if that happens, the stock ticker, which is now debt free, will be sold and the new owner will have some prospective business that will come with some hype and this will move big on that. This happens every single time a ticker (shell) changes hands...
Hmm... So all I gotta do is ask about something and the answer will appear on Twitter magically.
Ok. How is the department store deal going?
Now if he answers this one with a positive answer on Twitter we should see a significant move here...
Yep. Another clue.
Has there been any follow up to the Feb 23rd deal that made CRTC the Stony Brook FSA vendor?
Still not even sure what the deal means. Do they make the Seawolves shirts now? If so, lets see the design...
Yep. Just the first 2 runs alone (to .0018 and .0015) a couple years back produced real good profits and allowed to accumulate a large share count to hold for the big run, which I believe to be inevitable eventually. Almost every penny stock has it's huge run up to pennies at some point, look at the charts. I have seen a couple clothing start ups run to almost 20 cents and trade in pennies for a long time before they collapsed. This definitely has the potential for the same thing.
Truth. Of course, many did lose money selling for a loss after buying at the peak of those runs after waiting too long and then listening to the hypesters. Can't blame the company for that, it happens in every single penny stock.
Getting a bit upset that runs were killed by debt getting converted is understandable but instead of bitching about it, wouldn't it be wise to accumulate at the known bottom and wait for the inevitable run. But no, most would rather complain and probably jump back in once this hits .001, only to likely get burned again. Many never learn in the OTC market. It's a trading market full of people who would much rather play slots without thinking than take the time to master blackjack or craps and give themselves a much better chance of success...
I'm pretty sure the 390k you are likely referencing was already convertible debt associated with the 'shell' before Alec took it over. I remember seeing a new 'loan' he took from Peachtree for around 20k but I don't think there has been any since.
That depends. If you sell right now at 2, yeah. If you hold on for awhile you will at minimum break even.
I believe it will almost definitely run out of the trips sometime this year. You're right about what has gone down so far this year with the pumps losing momentum and followers selling at a loss but the runs were really squashed by the 700 million shares sold by VNDM as convertible debt. We saw that half that was gone by end of 2016 and I've gotten confirmation from company that those shares this year were also debt reduction and that Alec has no need or desire to introduce any more new shares in the forsee able future. Therefore, the next time we get a spark we won't have that to stop the run, only the pumpers selling for profit. But without huge amounts of shares sold off by VNDM momentum should push through the pumpers selling and more and more people will buy and hold. Could happen anytime now but will likEly require a good spark like a dept. Store deal...
Perhaps. One thing is for sure, just when you think the kid can't get anymore cryptic, he does. What's the wolf emoji for? Isn't his school the SeaWolves or some $hit like that?
With zero debt if we can get momentum and attention again there will be no conversions to kill the run. Will only have to burn through flippers and should see it get thin once we get back to 7s and 8s.
Any update from the company would be huge at this point...
Currently burning through the last group who got caught in the Snoopy pump and consider themselves bagholders. Many of them may take their sells of the ask tonight once they see the tide has turned again.
One of these moves will stick and we can create a new higher base. Maybe this is the start of it??
Exactly. The first quarter report this year will likely show that all convertible debt is gone...
Yep. Like I said yesterday, I knew the report would come out today or Friday and would have a significant reduction of debt on it.
Also, the debt listed on the report is as of end of last year. I know for a fact that much more of the debt was reduced in Jan/Feb when the AS went up.
I am now thinking there is zero convertible debt which is a good thing.
So, was today's volume solely based off of the financial report?
What was the 4s ask looking like end of day?
It is on topic. I am predicting we get the yearly fins either tomorrow or Friday and go current again (a bit more than a guess).
I also am now certain that the 700M shares added to the OS was debt reduction and we should see that on the first quarter report in a while.
Now, the TA changing the OS just seems messed up. I don't think Alec had anything to do with it but someone may have done that to make a profit...
I wonder if anyone has asked Alec if he plans on releasing any financials this year? Or if it is the same plan as last year to go quite after the first couple months??
Nor am I. I've been here from the start and will hold until this either reaches its potential or ultimately fails.
I'm sorry but the 'TA mess up' seems very sketchy.
They had the correct OS listed for years and then all of a sudden put up the wrong total for just a couple days?
In that same period of time there was much front end loading of the stock and, of course, dumping once the PPS went up.
If I wasn't so sure of the integrity of all penny stocks, I might think there may have been some shady doings...
Looks like last year's 'plan' is back again. Pump the stock at beginning of year and go current temporarily so 700M million shares can be added to AS. Then, once those are sold, that's it for the year. See you again next January.
I am now guessing the 700M added to the AS wasn't even debt reduction, and we have no way of finding out as there may not be financials the rest of the year.
So, if not debt reduction, what was it?
Alec getting some spending cash for the last semester so he can have some sick skating sessions?
Good question. I spoke with PR guy and he said it was due to an error by the TA when OTC markets got an update from them.
I guess the TA gave them the old AS number from 3 years ago, which makes zero sense as it had been updated since then until a couple days ago. Then they corrected the mistake 2 days later.
My guess is the update that happened on March 8th was the OS dropping 100m and when the TA reported it, they gave the wrong AS.
Don't know how that happens but it does seem a bit fishy...
And there they go. More dumping by Red Rocket and his crew. Another iHub crew comes and goes in 2 days.
Flippers paradise here but I have done that on the larger runs and now just here for the potential huge move.
If this can just somehow hold the 3s support and build off of it then it is a positive. Doesn't seem to ever be able to after a spike however as all the new 'longs' always leave after 3 days....
Yep. And we should see that Macy's deal too right?
So AS is down to 1.7 billion as of today compared to 1.8 as of March 8th.
It is up from 1.1 billion at end of 2016. So, 700m shares came into OS in January and February. Think that was debt reduction? If so, that seems more important than what the OS is, by a lot.
True. But in the meantime, It's the Great Pump Charlie Brown.