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No, I never contacted them(I don't contact CEOs on general principle). I just followed their careers for the past couple years. I've been in few of their acquisitions.
Joes death was news several months ago. His relationship with the Baumans is also well established. He used Fredrick Bauman for his custodian motions in NV. Barbara Bauman signed over some of her custodianships to Joe years ago.
yea, Joe died and they were business partners.
Guess I'll have to bump mine up to .0015...
They are in Singapore(and UK), not China. I have yet to find anyone back in China who is aware of them providing services in China so I can't get a measure of their coverage. Not even sure how FX traders can even operate in China, CCP has to have a lock down on currency. HK was a different story but since china invaded HK all bets are off there too.
$GRLT dropped an attorney letter.
$APSI: Drops 8K;
$BLLB: OS grew by 700 m while they are supposedly buying back shares. No surprise the price is now in a free fall. Dilution has consequences.
$MJNA: AS;5b OS;4.2b, pink/current. One of the healthier pot plays. I don't follow these much, I insider it a unicorn poop market. Anyone can grow pot in their backyard with their tomaotes(and many already do) law changes don't make it a big revenue generator.
But...this looks like its consolidating in a shrinking triangle (too sloppy for a pennant) and may make a move up before too long.
$GRLT: Attorney letter filed. Should be Pink/current before too long.
With the SEC actions lately many are wondering what is actually safe to play in OTC.
There are a few elements at work making the OTC rather unstable this year.
One is the SEC and its new rules. Another is a surge of interest in OTC stocks accompanied by a surge in scams being orchestrated.
The SEC's new rules are an attempt to clean up the OTC and eliminate "zombie" tickers. These are dead companies whose stock still trades in the open market. These are ripe for scammers to attempt to use to run stock selling schemes. The SEC's new rules will help them make these unavailable to scammers. Legit companies have until September to update filings with OTC and/or SEC to avoid being suspended from retail trading. If suspended the ticker symbol can no longer be quoted by Market Makers in a public market.(actually eliminating the ticker from existence comes later)
Recent suspensions over the past few weeks are not entirely related to the new rules. They are the result of either long term investigations and/or the recent spike in trading interest and subsequent spike in fraud attempts. The GME narrative may be to blame for both. regardless it is important to understand what the SEC is targeting and stay away from it.
Social Media hype is your first red flag. All OTC stocks get hyped in social media but, some have very orchestrated pumping going on. This what the SEC is targeting along with the stocks OTC status. If it is horribly delinquent and obviously a long dead company then any sudden rise in volume/price must be tied to social media and gets the SECs attention.
A third element is your biggest red flag. Is the hype coming from someone supposedly in control of the company. Hype generated by organized groups on social platforms is bad enough but, some of the most successful scams usually stem from a CEO making social media statements to get the ball rolling. They usually have a few others involved who keep it going on twitter, ihub, facebook, reddit....
The important thing is to recognize that despite there being a CEO, the company is still delinquent, dead and producing nothing.
Sticking to companies who behave is the best way to avoid getting your investment suspended. Real companies publish PRs(which cost money), they don't just tweet.
I would say they stay current but, OTC/SEC filings cost money. So not all active companies who were struggling stayed current. Now they will have to though or get suspended.
Real companies are active at the SOS where they are incorporated. If your seeing a lot of hype over a company with no valid SOS registration, walk away.
There will always be social media discourse about companies. Remember though, you are buying stock convinced it will rise in value from someone who is equally convinced it will lose value. learn to recognize the difference between your average person expressing their interest a stock and someone attempting to desperately build a customer base he can unload his shares on.
Custodianships...this may be a dying breed of investment. The pool of stocks available will be much smaller by end of year.
How safe are they at the moment though. They are not immune to SEC actions stemming from the tickers previous history. We have no evidence the SEC takes the award of custodianship into account when suspending. Usually because the suspension process was decided long before the court case. ideally the custodians will start getting current to avoid issues while in their possession.
It is common to to address all desired changes with the NVSOS at the same time. We see this all the time nothing new here. The SS changes are not dated and thus are simply options. When they file for a new symbol we will know their intentions since it is common to file for all desired changes at the same time.
An RS is not just about the ticker symbol in question. The company who applied for the RS has to satisfy FINRA rules. ZOOMOUT evidently had trouble doing that and FINRA could not process their request. (they are not the first I have seen get denied twice)
SamTrade is not only a well established business already(nobody figured out who zoomout even was)but, they did not even date the RS and so are not obligated to file for one any time soon. They have plenty of options.
They could get OTC current status first then file for a new symbol and/or the RS.
Syneregy UPDATE addresses status of several of their petitions and SEC suspension concerns
No cake then? Bummer...
Do I get cake? or is the cake a lie too?
How does a buy back increase OS buy 700m? Bigger question, why wasn't this suspended friday with all the other scams?
$UPCO has filed its annual list at the last minute and maintains its status with the NVSOS. They still need to get current with OTC though.
Does any of it address the STOP sign, SEC delinquency, SHELL Risk status of the company? They got 3 months to address those issues. If twitter pumps hard enough the SEC might even suspend it early like they did to others friday.
A form 15 usually means you will get the opposite of updates...
If Sam is professional you won't hear him say anything without an 8K accompanying it.
They do need to word things so they don't sound like a Dilbert comic. Buzzwords are so last century.
While the deadline may be Sept. The SEC is not waiting. They are actively targeting delinquent stocks with large social media influence for suspension. They suspended 15 tickers Friday. Hyping a delinquent ticker on social media is a death knell now.
SEC is waging a war against social media traders in the OTC now. They are targeting tickers who are delinquent and are experiencing heavy volume due to social media influence. They suspended around 15 tickers yesterday and caused a lot of panic selling across the OTC.
$PFMS is now officially S.A.M. TRADE (ASIA) PTE LIMITED!
S.A.M. TRADE (ASIA) PTE LIMITED now! Its official....and I can't find my Sears catalog!
$PFMS is now S.A.M Trade:
Gold continues its crash today, $GGN is starting to follow. Good entry points coming up.
What's an elevator? Some new fangled gadget I should buy stock in ?? When Sam shows, I'll be able to afford all those new gadgets. Just got to wait for them to show up in the Sears catalog...
$INCT getting early heavy volume gains.
You young whipper snappers don't speak english anymore, with all your damn apples, twitching and faceplanting...
In my day I had to walk a mile to the stock exchange in 12" of snow, uphill both ways, carrying my stock in a grocery bag.
Thats closer. Thinking its a mistake. I sent Schwab a letter asking them to look into it. At first I thought I was seeing Baumans RM but no name change at NVSOS.
$PGLO Breaking away..up 50%. New 52W high!
$NCPL: 8K filed today. Looks like more promotional materials.
Hoping someone can shed some light on a little discrepancy I found. Does the name Amerossi Intl. mean anything to anyone here? Thats what Schwab calls this company. I am trying to determine if that is a very old name, a new name or a complete mistake. I find very old references in a DDG search but OTC has no such ticker(AMSN).
$ENMI: A Bauman custodianship. A small mystery to uncover, Schwab calls this company Amerossi. The SOS and the OTC still call it Energy Management International. Not sure if that's a mistake or a change getting ahead of itself.
$DRNK: Failing under its own considerable weight and possibly more dilution. It suffured losses yesterday while moving BILLIONs of shares. This after news of a joint venture with another pot company. The partner in question (SNNC) though, saw some small gains.
this stock sucks!...and get off my lawn!!! When I was your age we only had one stock..GE, it sucked and we liked it!!!
What Democrats think of people...Black guy responds to Biden This is some funny shit to help you get going today!