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As the saying "once bitten, twice shy" goes. Seams traders are hesitant until some real confirmation dilution is over.
Let's see if company lets it run or if this is another ploy to sell shares.
Yep, could be this week, next month, next year. Who knows with this company.
Stop worrying about it. Yeh it's only money.
Guess that depends on earnings. I'm starting to wonder if Company dumping all they can before filings. Why? Hope I'm wrong.
1,350,000 buy vs 15,900,000 sell volume..... CRAZY
Looks like more dilution today. Same pattern as every other news release lately. When will it end?
Is that a fact or your opinion?
Hope your right
Any bets on how big of a T Trade we get after market close?
Damn, how low can it go. This is getting comical.
Looks like dilution continues.
Outstanding Shares
1,641,060,393
10/29/2021
Outstanding Shares
1,617,727,059
10/08/2021
So dilution continues, although only 23 mil last 3 weeks
Belfrics now live in India ?????
http://india.belfrics.com/
Consider going to OTCmarket.com and read the filings.
Number of shares outstanding at time of offering: 1,259,831,337.
Latest outstanding shares: 1,617,727,059.
number of shares of Common Stock to be outstanding after
the offering: 2,259,831,337 if the maximum amount of Offered Shares are sold.
So potential for 350 million left to dilute?
Every news release has been used to dilute. Appears company is NOT shareholder friendly.
Now red. Have to wonder about continued dilution?
"Today, we see no dilution. Shares Outstanding
didn't change"
They have been updating the share structure after close on Fridays. Guess we shall see if share structure changed then.
First show me where I was the one that said 3 billion. Wasn't me. And sorry you can't properly read the 1-A/A. Clearly states 1 billion shares to be issued. "Number of securities offered 1000000000"
Read the FORM 1-A/A filed on 6/9/21.
From the 1-A/A "Number of securities offered 1,000,000,000"
Nope.
That's the million dollar question...WHEN?
Didn't the CEO say it was about done....2 weeks ago?
He's back!
Wonder if the crooked CEO is dumping?
Look at the bright side. Only around 3,000,000,000 shares left to dilute.
News and down 20%. that should tell you something.
List of Chinese stocks banned effective Aug 2nd.
https://asia.nikkei.com/Politics/International-relations/US-China-tensions/US-releases-list-of-59-banned-Chinese-defense-and-tech-companies
“We Have A Media Crew Out At Our Mine Site. Media Will Be Provided Next Week!” Translation: we got more shares to dump!
1.6 billion authorized. Depending how much they dilute this could go sub penny.
Yep no 8K all week. At a point don't know whether to sell at a loss or average down.
Because we might just have an incompetent CEO. Hope not as I'm invested big time but so far not impressed. Guess we shall see if he delivers on his promises.
Finally got invite to conference call (Zoom Meeting) 11th, 2021 6pm PST
You might want to read up on Thailand bankruptcy Law.
"Where the court has ordered a business reorganization order, but the plan preparer has not yet been appointed, all rights under law of the debtor's shareholders shall terminate, except for the right to receive dividends, and such rights will be vested in the interim executive or the receiver. Where the court has issued an order appointing the plan preparer, the shareholders' rights shall vest in the plan preparer. Those rights will be restored when the court orders the cancellation of the reorganization."
Shares are not canceled. Shareholders only give up rights such as voting rights during the reorganization and get them back after it is completed.
Reorganization is similar to Chapter 11 Bankruptcy except shares are not canceled.
Only if less than 50% of creditors approve reorganization will the company be forced to liquidate (similar to a chapter 7 Bankruptcy) and shares canceled.
Reference: Thailand Bankruptcy Act BE 2483
It might. I'm only down 40 percent at the moment
LOL the stock silly
What a POS
Someone selling a bunch
Damn what's with all the dumping.
Now now. So we are at the name calling stage. I guess I hurt your little feelings.
Where do you think? My wallet sure seems a little lighter since I bought this POS.