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It also seems the company has not really grown.
For some reason changing
5000.000000
to
5900.000000
(I removed the chinese characters as they changed to ????)
Translates in English from Million for the first to Billion for the second, when in reality it is only going from 50 to 59 of the same.
I am not sure why it mistranslates, but the reality is that it does.
Check google translate yourself.
Edit: LOL, I can't copy and paste the chinese characters ....
I did some digging on the company, they apparently have 18 employees as per the filings they made with the government.
Any comments on the following, which indicates that 3 employees work for the company that is considering to merge in with HDII?
https://www.apollo.io/companies/Shanghai-CINtel-Intelligent-System-Co---Ltd-/5592262b7369644859833800
https://www.linkedin.com/company/shanghai-cintel-intelligent-system-co-ltd-
Probably got a new client and they liquidated the position.
If they bought, the form would indicate how many shares they held at the end of period.
They didn't report the position in their previous 13-F ....
Not sure why they would report a 0 position either.
Just an FYI to all, this filing says that they own 0 shares worth $0.
Not sure why they would even list it if they owned 0 shares, but it is what it is.
Is it promoting when I say it's a game of musical chairs and that the promoters are sloppy?
I do admit to being interested, but if I was looking to deceive, I am not doing a good job of that.
Can someone provide an example of a company whose common shareholders emerged from Chapter 7 bankruptcy?
Well, I only found ZMRK related to the attorney.
Seems like they did a minimal push and it has drifted since then.
The filing on HDII to specifically not be an SEC filer in January makes this feel ugly.
I figure the action on Thursday and Friday was the handoff from convertible debtholders to promoters.
If that's done, they will likely push and sell into the run.
The fact that they are doing so close to the recent SPOM run makes me feel like someone with teeth might be doing some sniffing.
The game of musical chairs might be coming to an end soon.
Is it worth it to risk 100% of a small position if they can repeat the $0.10 to $0.60 run?
The OTC can be very dirty, but it's the moves like that sucks in the masses. They hope they can beat those who are on the other side who may have a cost basis closer to $0.00 than the masses could ever imagine.
Well, early this week, SPOM rocketed as its $1 Billion Yuan per year company merger closed ... now it seems the same group wants people to believe they have a $36 Billion Yuan per year company merger happening in HDII.
The first company is kind of suspect as I couldn't find much about the company that could legitimize its claims .....
But this second company .... is also not very prevalent online.
Seems like SPOM and HDII are in a game of musical chairs
Couldn't find much about the attorney Stephen Mills, but maybe others here have done some digging.
I feel like the iHub hype train is about to push HDII and it might be a decent trade .... but it stinks.
The fact that they never put out an official 8-k or something similar on SPOM makes me more suspicious about the whole thing.
Are they locking out old Debtholders from converting while they run the stocks?
SPOM had recent conversions at $0.0014 and somehow the debtholders don't mass convert at subpenny while the stock hits $0.10, $0.20 and $0.30 ?
Seems like something rotten.
I am of course interested in trying to make a few bucks off a run .... but this seems pretty dirty.
When will the music stop?
The guy with 19k posts and still trades OTC ?
$0.40 is the new $0.60?
Maybe spent too long on the OTC.
Green to red.
Hope we get $0.60s for you as well.
You talking about liquidity like $5 Million a day is huge.
Meanwhile, on the big boards that is nothing.
More liquidity on Nasdaq and NYSE. Not even $10 Million in a day here.
Hope we hit $0.60s again for you as well.
Ok. Hope we hit $0.60s again for you.
And yet you claim that old debtholders get nothing.
I guess you know.
Last year they converted at $0.0014
Today they are going to take nothing?
Do you think the debtholders who are owed $3.8 Million are going to just accept $0.00 in repayment?
Can you be such a debtholder to everyone here?
Alright.
I guess it went massive green to red because of no converting.
Sure, why not.
I guess that explains why the stock is done 30% from the high.
Because MMs are hitting the ask.
I mean, why do you think it's not at $0.60 now?
Debtholders still converting.
How many shares to pay the $3.8 Million on the books?
Anyone speak to debtholders?
Are they happily converting at $0.01 and selling into this run?
At least $3.8 Million outstanding debt and the Company has done conversions at $0.0014 recently.
RM might still happen .... but why would debtholders forgive $3.8 Million if they can force conversions at a price 90% lower than where it is now?
Hint if there was no conversions, price would be higher.
The ultra quick closing with the $3.8 million debt outstanding seems suspect.
If it was one debtholders it seems possible but with multiple? I wonder if someone with a bunch of stock pulled a quick one.
Based on prior conversions, that's $1,500 paid off.
Guess how they will go from $4 Million down to that?
Repaid $3,251.00 in debt recently for 2,260,125 shares or $0.0014 per share.
Yum?
I guess the old debtholders are just going to accept $0.00 as repayment?
There is a reason why it's not at $0.30 today.
Real winners will be the convertible debtholders when they start converting.
$4 Million/$0.02 = A lot of shares to hit the table. 200 Million.
Tasty trades coming soon.
Never a shortage of debtholders who want to get repaid.
Over $3.8 Million owed.
At least $3.8 Million in debts to be repaid on SPOM end.
Going to be some fun trading while these get converted and paid off.
GLTA.
Well, he still walked away with over $3 Million....
Pretty decent.
Over on ADSV, people are believing that a $10 billion company is merging into an OTC stock and that common shareholders should get at least $40 million valuation of the company because .... well just because.
Hey, at least they aren't asking for 50% of the new entity?
Probably started at that and now they have accepted 0.4%
Kind of disappointed 2.25 didn't hold on the dip but with the volume it looks like the float has turned.
Would feel more confident if this was a Tuesday or Wednesday in September, but what can you do.
Really liking how this is trading.
Friday in December though makes me wonder if it can break that $2.50 and run to $3.00
At a busier time in the market seems like a given.
Guess this is what pushed the shorts to cover.
Was thinking that they would do the covering on Monday after options expiry.
Only had a small piece as it did seem ripe on the morning action.
You don't need to look at OTC junk for 10% daily movers (more with margin).
Enjoy the weekend.
There is some miscommunication...
When you say pulled from, they think you mean it was removed from the site.
What you mean to say is the story on otcmarkets is merely copied from businesswire.
Be careful?
The stock lost all the gains from the morning it's not like it is still holding up with no volume ...
Well, financings are a normal course of business.
Telling the market you are ready to sell more and then putting out good news is ....
Well, it's probably a good idea.
Was hoping $12 would hold, now trading is kind of messy.
Oh well, it will like bounce and find support for (hopefully) a $1 move at some point today like yesterday.
Hmmmm.... buying before 11am margin calls might be a little risky with this kind of move now. More shares will hit the floor.
Shorts are doing their thing. Sorry if that sounds paranoid, but having short interest is good on stocks that get smacked. Means someone should be buying at some point.