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Well if they paid with arrears and completed merger in Feb then payoff would have shown in the 3/31 period which they still show…..
$JTBK SS updated no changes
Outstanding Shares
275,422,000
05/17/2023
Restricted
185,459,000
05/17/2023
Unrestricted
89,963,000
05/17/2023
Held at DTC
53,215,000
05/17/2023
Lol we need more “weeeeeee” posts
Nice up a bit on amended filing finally!
“Management needs to get their asses off their cushion seats and start working to improve the share price. They need to start buying up these hugely discounted shares.”
100% agree and pay off the convertible debt with all that cash on hand. Then start process to become fully audited amongst other things….
OTC had 1.45 bil in $ vol. $500 mil of it was in 2 stocks you wouldn’t recognize. Another $350 mil in 16 other stocks. So almost 2/3 of vol is in 18 stocks…. The first sub penny stock to show up on vol list was FCGD for $82,000 in vol which was mostly dilution. #pathetic
This is what no one is getting and why mgmt needs to get a real big clue and fast. Thinking they can run class C type marketing from even a few years ago is not going to work. The OTC has changed and mgmt in most of these low floaters need to get over their ego and get the help they need to run a proper pubco.
They can just adjust the price for conversions. You would think they want it much higher to convert least amount of shares possible. However, since there is millions in revenues and cash on hand you would think they would just want to pay that dilutive funding off to protect insider positions…..
Before anyone says it closed up 8% look at the trades…closed up on a 10k paint job. Spread was .005x.0065
For such big fins News, sure was a disappointing lack of interest…..
Who knows, you’d think they’d at least get the story straight…. Unbelievable
Not saying, they can’t change course, but they haven’t shown a desire or an effort to do so yet. That’s what, so disappointing here is management.
Unfortunately, management has been handling this so poorly. It’s disappointing chalk up just another wasted set up.
There is $271,000 and convertible that’s on the books. Why doesn’t the company now that they are showing millions in revenue pay those off to protect shareholder value?
Yep pretty solid start here.
Oh and we still can’t account for those additional 55 mil shares….. #transparency
Strong 1st quarter fins…. So Where are the buyers???? The lack of bid support and no volume is speaking volumes……
$ECGI NEWS: ECGI's New 8bit Cannabis Products Brand Sees 1,000% Annualized Distribution Channel Growth Since March
LOS ANGELES, May 17, 2023 /PRNewswire/ -- ECGI HOLDINGS INC. (OTC: ECGI) (ECGI or the Company), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, is excited to announce continued rapid growth in its soon-to-be-acquired cannabis brand, 8bit.
Specifically, the 8bit cannabis brand has expanded its active distribution footprint from twenty (20) cannabis stores to fifty (50) cannabis stores since the end of March, representing a 150% increase in distribution footprint in less than two months, which tops 1,000% annualized growth in distribution footprint over the same period.
As announced in a press release dated March 23, 2023, the Company signed a Binding Letter of Intent (the "Binding LOI") to acquire the key personnel, intellectual property, business operations, and future business operations of Endless Consciousness, Inc. ("EC"), a California corporation involved in the legal cannabis product marketplace. EC's primary asset is its 8bit branded cannabis products line.
ECGI management notes that the Company anticipates closing the acquisition through the signing of a definitive agreement in coming weeks.
"8bit's powerful growth rate over the past two months is further validation of our committed interest in this brand," noted ECGI CEO, Danny Wong. "We are hard at work, actively driving further expansion of the brand's footprint through current sales efforts and a plan to increase sales personnel to focus on aggressively penetrating the Northern California dispensary marketplace over coming months. We believe we can take further market share from industry leaders like Stiizy an others given the strength of our product line and the talented team backing 8bit."
https://www.otcmarkets.com/stock/ECGI/news?id=401132
$ECGI NEWS: ECGI's New 8bit Cannabis Products Brand Sees 1,000% Annualized Distribution Channel Growth Since March
LOS ANGELES, May 17, 2023 /PRNewswire/ -- ECGI HOLDINGS INC. (OTC: ECGI) (ECGI or the Company), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, is excited to announce continued rapid growth in its soon-to-be-acquired cannabis brand, 8bit.
Specifically, the 8bit cannabis brand has expanded its active distribution footprint from twenty (20) cannabis stores to fifty (50) cannabis stores since the end of March, representing a 150% increase in distribution footprint in less than two months, which tops 1,000% annualized growth in distribution footprint over the same period.
As announced in a press release dated March 23, 2023, the Company signed a Binding Letter of Intent (the "Binding LOI") to acquire the key personnel, intellectual property, business operations, and future business operations of Endless Consciousness, Inc. ("EC"), a California corporation involved in the legal cannabis product marketplace. EC's primary asset is its 8bit branded cannabis products line.
ECGI management notes that the Company anticipates closing the acquisition through the signing of a definitive agreement in coming weeks.
"8bit's powerful growth rate over the past two months is further validation of our committed interest in this brand," noted ECGI CEO, Danny Wong. "We are hard at work, actively driving further expansion of the brand's footprint through current sales efforts and a plan to increase sales personnel to focus on aggressively penetrating the Northern California dispensary marketplace over coming months. We believe we can take further market share from industry leaders like Stiizy an others given the strength of our product line and the talented team backing 8bit."
https://www.otcmarkets.com/stock/ECGI/news?id=401132
Merged or not merged??? Lol right on page 19 at bottom of Note 1
They merged Feb 6th……announced signing merger on 3/14 via PR…..which is it???
They are showing unaudited SHFI fins in the filing so guess that means it was merged??
This mgmt needs to get someone to manage their governance and do proper IR this is why it’s sub .01. It should be .10 but because it’s being managed so poorly no one is going to be lining up to slap the ask.
“SPO Global Inc, (OTC PINK:SPOM) ("SPO Global Inc" or the "Company"), which operates Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd.(SFHI).”
So are we still waiting on merger or is it done??? We still don’t know but another example showing it looks as though it’s done does it not? SPO “operating the SHFI”…… so either deal done or more misleading press during the “quiet” period.
Sure would be nice to have a better idea of what the company position is since this is all unverified and unaudited.
$SPOM News: SHANGDONG, CHINA / ACCESSWIRE / May 17, 2023 / SPO Global Inc, (OTC PINK:SPOM) ("SPO Global Inc" or the "Company"), which operates Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd.(SFHI).
SFHI, a leading food processing machinery company, is pleased to announce its impressive financial operations and performance for the first quarter of 2023. These results underscore the company's commitment to financial excellence and its ability to navigate a dynamic market environment while delivering value to its stakeholders.
Financial Highlights:
1. Revenue Growth: Revenues grew by 11.25% driven by our exceptional sales team and high demand for our equipment.
2. Profitability: Gross profit for the period ended March 31, 2023 was $1,025,071 vs. $447,623 for the quarter ended March 31, 2022.
3. Cash Flow and Liquidity: The company continues to manage its collection of accounts receivable allowing it to have approximately $2,121,000 in cash which in part will be used for research and development of implementing artificial intelligence into the machines we manufacture.
Jeff Peng the Company's CEO said that "Attending the 108th National Sugar and Liquor Commodities Fair was an exhilarating experience for our team at SFHI. We were thrilled to connect with industry leaders, showcase our innovative products/services, and forge valuable partnerships. The positive feedback and overwhelming response we received from attendees further validate our position as a market leader. This trade show has not only bolstered our brand visibility but has also opened doors to new opportunities and reinforced our commitment to delivering excellence. We are excited to leverage the momentum gained from this event to drive continued growth and success for our company, and we are determined to have our best year ever and pave the way for higher standards in the way food is processed and packaged."
About SPO Global Inc. (OTC PINK:SPOM):
SPO Global Inc. recently signed a merger agreement with a leading food machinery company, Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI).
Company Disclaimers: As a Public Traded Company, within the guidelines of Federal and State Securities Law, SPO Global, Inc. may not avail itself of the Safe Harbor provisions as identified in the Private Securities Litigation Reform Act of 1995. However, SPO Global, Inc. provides the following disclaimer and warning to protect our shareholders, prospective investors and the public at large by alerting them to the risks and uncertainties involved with any investment, and the need to perform their own due diligence and assessment.
Lol GMZP was never CE and is sitting at .0024. Yes it ran to .02 and dumped back down to .0014 because traders bailed when Carnes put out info on the weak merger. This is an excellent example that shows why mgmt needs to be even better now than ever because OTC money is not going to go along with unverified, unaudited garbage with poor communication and transparency. ATVK is CE and not tradable. CNNA is .0034 and trading unsolicited so it needs a new 211. That’s the 3 best stocks you got here??? Not indicative of the OTC being on fire.
“The new otc is back and stocks are moving up quickly.”
Which ones? Very few are moving. The otc which used to average $4-5 bil $ vol per day is struggling to see over $1bil $ vol per day.
That is the reality of the new otc…. Most don’t get this and that is the problem here and with many great SS stocks. All the more reason mgmt needs to be on top of things.
Hahaha
I highly doubt it
“Yes it takes 60-90 to finalize the deal. An official statement has to be released to complete the merger in its entirety.”
Lol it’s not customary to act like you have merged before announcing finalization by dropping 5 different PRs announcing unverified revenue deals and acting as if company has already merged in that 60-90 day period….. cart before the horse oops! Better hope merger deal is done;) Communications and governance sucks right now!
Late filing, not a surprise….
https://www.otcmarkets.com/otcapi/company/financial-report/370418/content
Lol well they disseminated a ton of info via PR pump during blackout. You aren’t helping their cause……
Well they have refused putting out any other pertinent info so….. we are going to start believing now??? Good luck with that.
This goes back to the point of lousy mgmt communication. All I’m saying but I can do this all day long if you want to persist.
No there is no fact because you have no idea when merger paperwork was signed. Company has communicated as if they are one entity. The only way you can make a statement of fact is if company gave you information!
Ha we all now how mergers work bud. Your statement was matter of fact.
Well if merger wasn’t complete, SPO would not win that contract ;)
SHFI is the operating entity.
Legally they are acting like it’s closed. We wouldn’t know either way because the communication again has been poor. If you are getting info on a deal closed or not closed now that’s insider info and goes again to the poor handling by mgmt.
If the deal isn’t closed they sure put out PRs acting as they were one and the same….. that is even worse since the info is misrepresenting….
“SPO Global Inc Awarded $1.8 Million Dollar Contract from Raohe County Rural Revitalization Bureau
SHANDONG, CHINA / ACCESSWIRE / March 21, 2023 / SPO Global Inc. (OTC PINK:SPOM) and Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI) are pleased to announce that it has been awarded a $1.8 million dollar contract from the Raohe County Rural Revitalization Bureau for a waxy corn processing and storage construction project.”
“Under the terms of the merger agreement, SFHI will become a wholly owned subsidiary of SPO Global Inc.”
Why would SPO get the contract if the company had not merged yet. Further SHFI is a subsidiary so the contract would go to SHFI not SPO would it not?? …. This is not a good look for investor confidence.
The company could easily update and give clarity and guidance regardless of being in the middle of a deal or not but it’s not happening. The longer they don’t give info the worse it is for the company.
Where did you get that info?
Really they are just closing on the Merger? Are you sure about that? This is the food equipment company now. There is no new Merger planned. They have been operating as such.
Again, better, communication and transparency would help people understand that.
It has done nothing but drop in value since December. .024 down to .006. All that great info on twitter and the PRs have done nothing to help the pps here. That is primarily because the company has done none of the things I have listed nor do they want to listen or respond either. Yes there is potential but the mgmt needs to get a clue about properly handling pubcos plain and simple….especially in this new otc landscape.
Company has not given anyone the confidence to buy here. They need to get a clue about what is required to move
things positively in this market! A big part of that is transparency and communication!
Everyone holding shares should be demanding that from them instead of making excuses for them….
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171892640
The lack of volume is a problem. If someone was really manipulating we would be 50% lower. No interest so no one is buying it back up here. All the PRs have done nothing to generate interest or buying. Company has not given anyone a reason or confidence to do that yet. They need to get a clue about what moves things in this market!
I stand by my previous post and any long time trader knows it. I want these guys to be successful and to take this to the moon but reality is if they don’t do the necessary things to get there, it’s not going to happen.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171892640
Boom or bust :)
Lol look at chart no one buying and not much bidding. First time saw cheap bids with size today.
Lol not been any real volume either way….
You miss the point entirely. This is OTC pink tier company. Investor money is only investing in companies with solid leadership. Investors want professional corporate governance, solid & verifiable communications, IR that can interact with the investment community appropriately, audited financials and especially transparency & accuracy. They want to see legitimate non dilutive funding as that is usually the best indicator of solid assets/business plan and $ backing.
So far with new mgmt, we have some PRs that sound great but lack any pertinent info for investors. We don’t have audited financials. We don’t have IR or even a responsive mgmt group. We don’t have attentive communication for the investor. We don’t have any verifiable info or #’s. We don’t have a clear vision for revenue or growth.
Investment money is not going to be buying here unless mgmt gets a clue and understands this market. Right now we are getting a class “C” (at best) PR pump instead of a legitimate mgmt group. They need to get a serious pubco consultant/advisor at this point otherwise this is going nowhere.
I’ve seen probably 100 differing legit OTC pink and QB companies all fall into this category over the last 2 years. Primarily the downfall is the mgmt always thinking they know what they are doing but really don’t understand public markets. This is why so many legit businesses fail and get decimated to subs or trips because only funding they will get after a while is toxic. In this current market all the good funders have left leaving only the extra toxic ones. Very few companies right now are seeing good non dilutive funding. Having a pps under .01+ is ultimately the kiss of death if they don’t get a good public infrastructure in place.