Retired NYSE Broker & NASD Trader
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Can say why or how you reached the following conclusion???
I personally think a big company from Colorado in the MJ / Hemp business has bought the shell from the Wolfsons.
No,, AC
That is incorrect---
You can trade as soon as the split shares show up in your account--
I owned FOAM and it split on Friday..10 for 1,, after the close---some folks were trading Monday morning,, but I had to wait until Wed morning as Fidelity did not show my shares until then---cost me $90K
Experts predict that the global cannabis-infused beverage market will jump from its current value of $89 million to a whopping $1.4 billion by 2023[1]. The market is then expected to keep soaring to over $4.4 billion by 2025[2].
If Monster went from under a dime to over $60 a share from energy supplement infusion---What could the infusion of CBD do to an energy drink company????
opportunity that could be now opening up for investors.
Experts predict that the global cannabis-infused beverage market will jump from its current value of $89 million to a whopping $1.4 billion by 2023[1]. The market is then expected to keep soaring to over $4.4 billion by 2025[2].
OK folks--here is my opinion---
50m shares set aside for the employee/employees----which they can purchase over time--
You can not set aside shares from the OS as the company no longer controls them---the company can only direct unissued shares from the AS----
This is long term thinking by the company---if you are looking long term, as into 2020 and 2021 you may find you own a very successful investment-
Asking Sterling to look into this a good move---
A lot of "conjecture"---won't be long before we know is correct and who is full of BS---
I have---it is red--
Next week I'll double up
OK
What I mean is:::: There sure is a lot of stock available at this low level of 10 cents----400,000 plus shares
Seems like an awful lot of selling pressure??????
Why do you think that it is Mile High Labs??????
I find it interesting that you select them out of all the other available companies--
DWillie
Of course not shocking---
Totally and absolutely normal--
Aren't the PINKS the Cadillac of the industry, with a bloody nose???
I am not so sure that Patents are that protective any longer---
Look at Activision Blizzard atvi=---selling in $50 range and stole all the patents from Worlds---WDDD over 8 yrs in the courts----atvi has made multiple BILLIONS from those patents---using stalling tactics in the courts
I am holding for name of the RMer
We might get some dumpers at the end of December-----keep my bid low and makem take a real loss---
At Monday's close CLSI had a mkt value slightly over $7.1 MILLION --is that chump change?????? No, that's pretty good for a dark, defunct non reporting SEC filer----
With an RM of an undisclosed company-------800 Million AS providing a lot of room for dilution after completion---but,, the STOP will have to corrected and Current status in order for the new company to sell any of those extra AS shares---
I am thinking that well into next year is the time table---giving us plenty of time to accumulate cheap shares---perhaps under .02 or even less-----long enough for the impatient flippers to exit----
I have my shares and will bid sit for the extra cheap ones that should be available as ""time goes by""----
cheers
FILINGS AND DISCLOSURE
OTC Disclosure & News
ActiveInactiveAll
No financial reports have been posted for CLSI.
Georgia---
If you are going to play the RM game---you have to be patient--- VERY patient---- these take time---longer than most folk care to spend---but if you are right , it gives you plenty of time to accumulate a position that is worth holding---and the reward is generally substantial--
Historically speaking ,, you get two moves that you can flip and then use some of the free money for a long term hold--as in ---forgetaboutit---just leave it for maturation and retirement--
Right---
The coming weeks---several weeks in fact---
I do also---
But my figures show a positive move North to the low 20's--even perhaps to 24-25 and then the selloff--perhaps all the way back to 15-16 area---but only a touch---gonna have to be nimble to catch it---then on to the 30's---gonna be fun for the flippers and day traders---there is a lot of positive strength in this stock---so,, GLTY flippers--
I am expecting to see y'all on the North side of 50---before you get your pants back on--
Hi Mary--
Long time since KALY---my son still has a large wad of this ONCI---you still bullish???
Art
DWillie
In answer to the question of ownership----try this --in TX there is community property---if he bot them ,, the spouse owns 50% of them---if the company bot them ((which having been through a similar situation)) the spouse is not entitled..same here in AZ----
Only a married fool would be stupid enough to buy them in his own name--is he that stupid?????
Yes ,, you are looking at that with your eyes-----the legal folk at FINRA will disagree ---and give them the CE----I been in this business a very long time----started in winter of '57
Dilution is when company AS is sold into the OS,, or convertibles are converted into the OS---diluting the current share value
He is getting 45 million for his company and we are going to benefit from the value of his company he is bringing into this empty shell--increasing the share value---we just have to wait and see--
He is not going to sell his shares---not for a very, very long time---if ever...jmho
Slojab---
As long as CLSI remains non current with a Stop in place,, they can not legally pump their PPS---- a PR would be considered such--- A third party could, as long as the company does not authorize it---
We will be fine ----company will get current ----
Also, you don't have any idea if they plan on issuing shares to raise capital. You need to put an "IMO" on that if you believe they will. So far, there's no indication of that happening whatsoever.
Company needs to be current----
Good point---
Nobody can be that stupid---
can they?????
WRONG--TOTALLY!!!!
The 45 million shares were issued to Sam Smith, that’s called dilution,
Sam Smith previously tried to reverse merge his O&G assets into several other shells:
His 1st attempt was through the merger of Striper Wells LLC into Insight Management Corporation (CPCC) in July 2015
https://backend.otcmarkets.com/otcapi/company/financial-report/150939/content
CPCC was then suspended by the SEC in May 2016 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/CPCC/news/SEC-Suspension-of-Trading?id=131154
CPCC was later found to have been suspended due to fraudulent practices from a securities lawyer, Mustafa David Sayid, who orchestrated taking control of this shell and rigging it and its securities for use in market manipulation schemes for his personal profit
https://www.sec.gov/litigation/litreleases/2017/lr23805.htm
Sam Smith was unaware of these fraudulent activities, as explained in this petition from his securities lawyer John Lux
https://www.sec.gov/litigation/apdocuments/3-17250-event-5.pdf
His 2nd attempt to reverse merge was through Pilgrim Petroleum Corp (PGPM). Sam took over PGPM as Chairman and CEO on June 29 2017
https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-announce-a-board-of-directors-restructuring-and-appointing-a-new-CEO-and-Chairman-and-upda?id=163555
PGPM was then suspended by the SEC on June 30 2017 due to a lack of current and accurate information about the company
https://www.otcmarkets.com/stock/PGPM/news/SEC-Suspension-of-Trading?id=163636
Sam Smith took over PGPM the day before it was suspended, and it appears the reason for suspension was possibly due to information disclosure malpractices by previous management prior to him taking over the shell.
Third time lucky with a clean shell UNRG
Thanks---but, I have read all that---they can do whatever they want ""in-house""---hell, they can chrome plate their toilets if they want ----but they won't be selling shares to the public until they are current and the STOP is removed---
There will no dilution or shares sold by the company until they are current____
COW??????????????????
The following does not address the already Authorized and Issued Shares---
"Upon the filing of the amendment to the Articles, the Company will have approximately 35,397,217 shares of Common Stock authorized and available for future issuances"
REALLY
They will as soon as they are done selling shares. I know this for fact.
Which fact is that????
You need to go away--
Your the terd in the punch bowl here
The SS is reduced a lot now and the older shares are in certificates so those can not even trade!
Sure they can---just have to deliver them to the broker first---I used to bicycle those around to the Brokerage houses on Wall Street--in the late 50's---my first job on the Street
Careful CJ
We did our dd on jbzy --to the the tune of 3 separate visits to mgt (CEO) in China---with pictures--- stock did an RS and is now single digit pennies----heading you no where---
Good Evening Dennis--
Thanks for the technical and algorithmic responses--
I have been on the phone for the last 3 hours talking with my old friends in the Odessa/Midland area of the West Tx oil basin--known as the Permian Basin---Ya'll remember the movie Friday Night Lights---Permian High School--coach Gary Gaines---my brother-in-law was the other coach at Odessa High who beat Gaines and my son who played running back---anyway---
My visits about this shell takeover---all my oil patch guys have been buyers and buying today--they love the low price and are buying all they can afford---they seem to be be more aware of the physical properties and the producing wells than we are--
Anyway,, it was a very enjoyable few hours with the guys and they don't know shit about the stock mkt ,,, but they seem awfully certain about UNRG and the long term results--
Thank you again, kind Sir---
We shall see what the next day or two have in store --
Thank you , kind sir--
Thank you , kind sir--