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That was not directed at you, sorry, I just picked a post. Of course, I know you’ve been long and strong the whole time. And I was too for nine years til the risk didn’t line up with my family’s needs. But now I’ve got half the position I originally had which only cost me $250 instead of $25k.
Top, sorry to hear about your health challenges, I hope things are going better for you now. Interesting how stuff comes together. And I agree with you - we are blessed to be a blessing to others!
Whoever wants to keep selling, I’ll keep buying. I don’t mind the risk down here.
You can sell with any broker if you call them. Depending on who you have, they may let you do a limit order or you might have to do a market sell and hit my 0003 bid.
Unfortunately this applied to tickers that filed at least one annual report with OTC Markets and designated themselves as a shell. Had they done that prior to Sept 28th, it would have continued to be quoted after the deadline. So it’s already been delisted to the Expert Market, obviously. Great thing is, it doesn’t seem as difficult to get off the EM as originally expected. So if they apply for OTCIQ access and provide the most recent annual report and disclosure info on officers & beneficial shareholders, they can get off EM and still be listed as a shell for the 18 month treatment.
See a couple examples of shells that are still being quoted while Limited/Yield and filed at least one annual report before the deadline to designate themselves as a shell company: SDAD, HAZH, MYSN, BCII
~$56k USD in arrears on taxes for the Albanian corp
Based on point 1, of article 91, of law no.9920, dated 19.05.2008 “On Tax Procedures in the Republic of Albania” as amended, General Directorate of Taxes, Directorate of Collection of 4 Unpaid Tax Duties The Central Region imposed the measure of securing the tax liability in the taxpayer's assets:
Taxpayer: 3POWER SHALA NIPT: L72231039A
Administrator: Ibrahim Mohamed Maki Elfaki
Address: Deshmoret e Kombit Boulevard, Twin Towers, Tower II, IX Floor, Office A2, Tirana
2- Our registrations show that the aforementioned taxpayer has not paid within the legally required deadline the liabilities in the amount of 6092865 ALL.
3- The document “Notification and request to pay” was sent to the taxpayer, but it was not paid. These obligations are subject to austerity measures in accordance with the relevant legislation.
4- The Directorate of the Collection as Unpaid Billing Obligations The Central Region through this measure intends not to allow the alienation of the property and other property rights that belong to this taxpayer in the National Business Center, until the full settlement of the obligations. tax.
https://qkb.gov.al/umbraco/Surface/SearchSurface/DownloadDocument?documentCode=8E15270E-0953-40EF-A4F6-A14C2465EE6E
They just filed their “annual list” of officers with NV SOS. Still same officers.
Welcome to the Expert Market!
It’s from last year when they submitted 2019.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157025586
Nothing has been filed for 2020 yet for the Albania subs 3Power Shala or Shala Energy. I know bc I’ve been looking couple times a week since July. Nothing.
Perhaps the SEC still only does require 3 years instead of all missing reports, I agree not worth looking up since one would assume that IF they file, they’ll know what is needed.
https://www.otcmarkets.com/learn/15c2-11-resource-center
“What reports do SEC registered companies need to remain current? In order to remain designated as “Current Information” on our markets, companies with Exchange Act reporting requirements must make timely filings of all reports required to be filed with the SEC.”
Only thing that matters is four 10-Ks and ten 10-Qs.
We all make our bets and I won’t mind chasing if it happens. It’s been well worth it to put my measly $17k to work elsewhere, now over 500. The opportunity cost of dead money just didn’t make sense two years ago for me. But I can do it now. So if the SEC filings hit, I’ll be here slapping.
Here’s the B1c
https://ufile.io/ea1mrsk1
I just uploaded the pdf to a random hosting site, this should work but let me know if not
https://ufile.io/1b72yqco
Which one are you referring to specifically?
I was able to get them, I’ll post screens. I buy docs all the time for tickers I’m not in case it gives me an edge
So far, it’s only through the year ended April 2019. But they do still list 3Power as the parent & ultimate parent for this time frame. Not out of the woods yet, but very glad for y’all to see something going on!
Perhaps. Part of the problem is that no one knows exactly what will happen. OTC Markets has asked the SEC to allow them to add all tickers that aren’t in compliance to their “expert market” which retail cannot trade, only brokers, MMs, and qualified investors. Currently, OTCM designates expert market tickers with a CE, which 95% of retail retails brokers can’t buy anymore. To remove a CE once these rules go into effect, officers will need to file to get current (of course) and also file a form 211 which takes time & money and has no guarantee of approval. OTC Markets has streamlined the 211 process with the new rules in anticipation of this, but it’s till not going to be easy. So whether tickers can just file fins and be automatically quoted again hinges on how the SEC actually enforces the rules and how OTC Markets chooses to designate tickers that aren’t in compliance. I have studied this extensively and spoken with shell custodians as well as lawyers.
Thanks for jogging my memory on what a super 8k entails
If they had applied for OTCIQ access, they would have only needed to file one report dated within the last year designating PSPW as a shell in order to remain quoted for up to 18 months. Which could have given them more time to work out their plans or finish filing completely. But since they didn’t, they would now have to file all the missing SEC reports from 2018 to present so the SEC deems them current. Or file a Form 10 by like, today, since they’re automatically effective in 60 days. A super 8k would be great, but it won’t keep them totally compliant with 15c2-11.
Last week they pushed their arbitrary deadline back to a TBD date. It’s a cluster.
https://twitter.com/TDAmeritrade/status/1425548609731321861
You’ll be able to “sell” after the 15 day grace period but it will be on the expert market with no quotes. So basically flying blind trying to match orders when none of the big 4 retail brokers can buy expert market/CEs.
Wed Oct 13th if they “make the determination the issuer is no longer current” the day after the cutoff on Sept 29th, although no one knows how the SEC will flag or enforce yet.
“The exception also now includes a grace period that permits broker-dealers to continue quoting the securities for a limited period of up to 15 calendar days once a qualified IDQS or register national securities association makes a publicly available determination that issuer information is no longer current and publicly available, timely filed, or filed within 180 calendar days from the applicable specified time frame.”
Page 10
https://www.sec.gov/rules/final/2020/33-10842.pdf
I guess you'll know by Sept 28th
Sorry, I have no opinion or position anymore.
Indeed! I've got all my alerts on for SEC filings, NV SOS, and OTCM filings, so I can be first in line to buy if I see two annual reports show up or a change of control happen.
I’m sorry that my actions have upset you. I changed my alias to provide transparency for my Twitter @Suits_n_stocks, where I help folks find undervalued mergers and custodianships to trade and invest in.
I appreciate your constructive feedback, thank you. I sent that 6 months ago because I WANT to be a shareholder still, but not on a hope and a prayer. How cool would it be to see these mysterious billionaires finally bring something of value to the market through PSPW? Maybe hydro dams, maybe retail stores, maybe a cricket or rugby team, maybe real estate. But their time running a pubco as if it were a private biz is up. And if there is any hope of transparency, now is the time. Bc they'll have to disclose everything anyway to get a new sponsoring market maker to file a 211 for them after the SEC revokes their piggy back exception for failing to provide current financial info in the first place.
Who is racing against who? I hope Sharif & Falak are about to do the right thing. I wish you all the best with whatever comes next.
https://i.ibb.co/zf3gR3K/7164703-C-9852-4371-8-FC6-CFB14598-F60-B.jpg
June 30th D-day
https://i.ibb.co/ZBhNmNs/0-CFAE294-80-D7-423-B-83-C9-1-C11-CAD79126.png
Think what you will, I’m only telling you what the lady told me. I only have the best intentions for everyone here.
Yep, because it won't be very tradeable if they don't start the process by June.
I just called Vstock, they are still the TA and they said what’s held at DTC is the float. Apparently Falak (or someone) has ungagged them.
Yes it is, but that doesn’t mean it WILL be traded, it just means it CAN be traded. You’re right, I don’t think a lot of those shares would be sold on the market - I’m in another one right now where I’ve confirmed a large holder has passed away, and the millions he owned will never see the light of day on the open market, so the perceived float is much smaller.. BUT, they are still technically included in the float.
Float is technically the unrestricted amount, but we'll go with what's at DTC since that’s freely tradable today. But of course we don’t know how much of that is NOT in accounts of the longs here.
Perhaps the litigation against Hany has been resolved then. Or they've been sold/given to another party.
Of course. I still won't get back in unless Sharif files the missing reports, but this at least a first step in their transparency. I think it also shows they don't own as much as we thought, unless some of that 102 at DTC is actually sitting in their online brokerage accounts that can be sold at anytime.