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You got me. I misspoke. To your comment that "they don't need to respond" I should have said...
they don't need to respond if they want to stay on the grey market
...and...
However, if they want to trade on a major exchange they have to have a market maker sponsor them with a Form 211 response.
LMAO There's no comparison between what the SEC has publicly charged against COUV and what your link claims was charged against SCIE. They were essentially claiming that SCIE was a scam. They've only raised questions about COUV's information.
When a stock is halted, SEC Rule 15c2-11 requires that market makers are forbidden to trade the stock until the company finds a sponsoring market maker who will file a form 211 application to FINRA. From the SEC halt order...
COUV Suspension of Trading
This seems to fit Trump and the Republican aka GQP aka DAFT (Deranged American Fascist Trumpian) party to a T. (N.B. My comments are in italics)...
Wikipedia Definitions of Fascism
Looks like MM's are desperately trying to keep today's pps in the red.
I agree with all your points. I was just countering the notion that Nikola abandoned ZapGo because of faulty technology. There was no such finding in the legal brief terminating their LOI.
I read through the legal brief and nothing in it would indicate that the technology isn't real or can eventually perform as claimed. Nikola walked away because they felt that ZapGo management had misrepresented the state of the company and the current status of the technology - it would take more time and cost another $8 million to produce Gen4 and another generation GenX would be needed to get the full results they had promised in the LOI. Surprise, it would take longer than claimed in the LOI and they needed more money to complete development (LMAO what development effort gets done exactly on schedule and budget). It seems the primary reason for the termination of the LOI was that Nikola lost trust in ZapGo's management...
Nikola Corporation vs ZapGo, LTD., STEPHEN VOLLER, CHARLES R. RESNICK, TIM WALDER,
Apparently it had little to nothing to do with the technology. ZapGo lied about their finances. They were on the verge of bankruptcy due to poor management. When the Nikola deal fell through they went BK...
What really happened at ZapGo?
What happened before last summer is totally irrelevant. The new management took over a shell company that hadn't produced any revenue in years and in the process acquired virtually zero debt. So basically, it was a blank slate. No one needs financial statements to cover anything prior to July. You wouldn't find anything of much interest.
It seems that everything may have been planned earlier last year. While Andrew Sispoidis formed Carbon Ion to acquire the assets of ZapGo, Isaac H. Sutton acquired the COUV shell in order to take Carbon Ion public. Both Andrew and Isaac are able to pick up cheap shares (more power to them and the rest of the management team) while the new company can start trading immediately from a low pps which will skyrocket with the EV market after the election and once they commercialize the technology in 2021. New shareholders get to participate in the anticipated good fortune and everyone comes out a winner...
Corporate Universe to Acquire Carbon Ion fka ZapGo/Battery EV Technology Company
The company is current in their reporting as per OTC requirements. They are classified as "Pink - Current Information"...
Information for Pink Companies
Medicevo is producing a graphene mask for ppe applications. Here's the connection between COUV's Carbon Ion & Medicevo acquisitions.
Graphene batteries: Introduction and Market News
I wonder if the graphene used in the masks could also be a battery component. There may be more synergy here than we realize.
COUV changed management on July 9, 2020 when the previous CEO was forced out...
COUV Form U-1
... the company subsequently became current in its SEC reporting...
Supplemental Information - Corporate Universe - Supplemental Filing - Non Shell Status
Looks like people are finally noticing Armata. It's about time. The low OS, 18,701,883 shares, should allow the pps to surge on even a small amount of buying activity.
Looks like you're a bit prescient...
BOTS, Inc. Forms SPAC (Special Purpose Acquisition Company) to Acquire Companies in Robotics Space
I agree, IDEX should be moving up. I don't get today's pullback unless it's simply some profit taking. I'm targeting $20/share after the next financials are released around March 31 - April 15. Based on news from Washington, this stock is well positioned to take advantage of government purchases and subsidies...
Biden vows to replace U.S. government fleet with electric vehicles
Free shares or not, this doesn't seem like a good time to sell. I bought in today for the first time based on news from Washington. Adomani seems to be well positioned to take advantage...
Biden vows to replace U.S. government fleet with electric vehicles
Just refuting misinformation.
It means they've reserved the right to do an offering of securities up to the shelf registration limits at any time as needed (i.e. pull it off the shelf). In this case they have not set any limits. However, they are required to issue a registration supplement beforehand which specifies the details/limits if and when they actually offer/sell any new securities.
Basically, the shelf registration makes the process a little shorter and the paperwork/bureaucracy a little less burdensome if/when they need to draw on/issue additional shares to raise funds. It also puts their shareholders on notice that they may issue new shares in the future.
I think people just want to see progress and revenue before they commit to a much higher pps.
I don't disagree about the dividend, other than I think it will be delivered eventually. I suspect management has got a performance target for timing the distribution. Perhaps they're waiting for BTZI to become current on their financials and/or start showing some revenue. This could be the condition for awarding the additional 60,000,000 shares and making Bots a full subsidiary. That would probably make the BTZI dividend shares more valuable and make it less likely that the BITCF shareholders would just turn around and sell them (thus driving down BTZI's pps). JMO
You didn't sell them for nothing. You got controlling interest in BTZI and, once all conditions are met, BTZI becomes a subsidiary of First Bitcoin. As a subsidiary, 100% of earnings would flow to First Bitcoin. In the meantime, First Bitcoin can claim a percentage of earning equal to their ownership percentage.