"Before you embark on a journey of revenge, dig two graves" -
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PS: - Please don't!
I've been buying little blocks for the last two weeks to see how a MM will respond
OTCN is part of OTC mkts - they are an Electronic Communications Network (ECN) someone usually tells me they are not part of OTC Markets so here is a link to their description; look at their website
https://www.tradinghours.com/mic/s/otcn - OTCN isn't a traditional MM in a stock, they are there to move shares so I placed an order to see if they would budge from their 200k sell order. Mine didn't budge them but the last one did.
- Buy 30,000 NHYF - 04/02/24 12:41:43 PM EDT -
Synergy tweeted on March 21st - "I have instructed my attorney to discharge the custodianship. Looking forward to the company's new business initiatives and updates I'm hoping to see soon!" - all my post was relaying was that the Court announced receipt of that request on the 26th of March with a Court Hearing on April 11th.
We just have a little over a week to wait for that - and then I hope Ben is correct and we'll get info into "the company's new business initiatives and updates"
$NHYF - An annual report gets 15 days from the due date (3-31-24) so that would be the 15th (Monday) - they can't file on a Sunday. (they probably had a typo or some other kind of error)
EDGAR filings must occur by 5:30pm ET (when the SEC officially ends its business day) to receive the same-day filing date. Filings submitted between 5:30pm and 10pm will receive the next business day's date. - After a Friday, the next "business day" for filing is Monday at 6am.
I believe the reason for this Notification of Late FIling, is this; the filing to discharge the Custodial Arrangement was received by the court on March 26th. The scheduled hearing date is April 11th (next Thursday) and at that time the Court is expected to turn the company over to Claude and release Synergy from the Custodial Arrangement.
I would guess that since the 11th is on a Thursday, we might get a tweet on that but and we could see the Annual report immediately following that, but definitely by Monday.
Remember; In October 2023, the Company entered into a Securities Purchase and Subscription Agreement (SPA) with Global Corporate
Finance Inc. (“GCF”), a private family office located in New York City, to provide working capital that will underpin the
Company’s growth. The SPA will enable the Company to draw up to US$5,000,000 at its discretion over a period of 30
months.
So the annual report and discharge of custodianship is just house cleaning. They've had 5 months to use that $5 mil - I think we're all waiting to hear what kind of progress has been made since they've had that asset to work with. GL2A
So these kinds of investors are not putting up money for a windfall, tomorrow. They are looking at the future.
Important to understand investing in startup companies:
- do they have a product for sale (called proof of concept) I know that both BWM and Ford are investors but there is no final product
- do they have market acceptance? they do not, they need a product first
So this one is promising, but anyone investing in this should be doing so with patience. 2025 might be the year for them.
GL, I bought some...but I know it will be a wait.
I'm guessing he meant $1.05
$QS - I think this one will have a few buying opportunities this year. They still haven't changed their target to be in production by the end of the year but there is a lot of water between today the end of the year, IMO.
$NHYF - a Warren Buffet quote for the weekend, "“The stock market is a device to transfer money from the impatient to the patient.”
Not all R/S are bad, I'd guess 10% turn out OK! LOL
IMO, the key to this one, assuming that they have a R/S is that the $5mil LOC / loan, is real. My guess is that it is real and they have plans as to how they want to use it.
Not too many people will give you $5mil unless you tell them what it will be used for.
They also are setting themselves up for a major payday, by taking stock, but they are taking a lot so we'll see what they do with that.
If we see them deploying that $5mil, then we'll know either 1) they conned someone out of $5mil, or 2) we'll see a ROI whether there is a R/S or not. IMO
$QS - I agree.
Blue Solutions (French manufacturer of Solid State batteries) was rumored to be in talks with VW and sources suggested a deal would happen in the next few months. BMW just signed a deal with them while still supporting/funding Solid Power ($SLDP). Some interesting quotes in the article.
https://www.reuters.com/technology/volkswagen-rivals-plug-away-solid-state-battery-puzzle-2024-01-16/
Almost every major manufacturer seems to be pursuing multiple paths. I read an analyst in the auto market say that in his discussions with auto manufacturers, there are only two words he hears repeatedly; "charge time" and "costs". He said that a couple of years ago they all wanted additional "range" but that's been dropped from their list of what is important.
Toyota recently changed their forecast for building their own Solid State, originally they had a target of 2025 and now they're talking about a big breakthrough using existing tech to be announced in 2024 with their target to introduce Solid State to 2027.
And in November they said they would build a smaller facility and the press I read said that meant the factory in Turkey was not still under consideration.
I've worked at 2 Fortune 100 companies, one here and one in Europe. When you have an "alliance" with another company, as Ford has with VW, you share info.
And with Ford wanting to use the MEB platform (EVs) from VW, would you want to use their platform and buy a battery pack from someone else? Especially one utilizing Lithium as it's foundation? Or one using Solid State, with greater range, non-volatile, lighter weight, quicker charge times, etc?
And, their plant in Michigan is for a "low-cost lithium-ion batteries by 2026" and its plant in Michigan is using technology licensed from CATL" a Chinese company. Members of Congress complained that the incentives (tax breaks) they were offering were never intended to benefit China. That, IMO, is what caused the 2 month delay in construction.
And when their "alliance" partner shared with them the success of the QS cell technology. I think it's reasonable to assume that Ford likes longer range, quicker charge times, and friendlier suppliers. I guess we'll see.
$QS - an interesting note - I asked someone, who doesn't own this and only plays big board stocks. I had asked him what he thought of this and he thought the volume on the announcement was mostly from investors who own VW.
VW has been clear that they are moving to all-electric vehicles and those investors saw QS as a way to play that move. So they took their position and stopped. He thought that's what caused the 110 mil share trade day.
We're getting closer to the gap!
I had read that Ford and VW were partnering to build vehicles with VW leveraging Ford's experience in pickup trucks for a VW branded medium size pickup and Ford utilizing VWs experience in automobiles for Europe for Ford-branded products in Europe ...a little digging and I found the following:
June 10, 2020 – "Ford Motor Company and Volkswagen AG today signed agreements that expand their global alliance to meet rapidly evolving needs of their respective customers in Europe and other regions by leveraging complementary strengths in midsize pickup trucks and commercial and electric vehicles. Plans for the agreements were first announced by Ford and Volkswagen last July." that was in 2019, when they announced an "alliance".
The alliance will: Produce a medium pickup truck engineered and built by Ford, for sale by Volkswagen as the Amarok starting in 2022 within the Volkswagen Commercial Vehicles lineup
And Ford will be using the MEB (electric architecture) for all vehicles it sells in Europe. Ford announced they will only sell EVs in Europe no later than 2030.
This was from March of 2023, "Ford and Volkswagen finalized their agreement to develop vehicles together nearly three years ago. The partnership is producing new models for the two, with Ford's VW-based electric crossover for Europe debuting in a few days. Volkswagen Group CEO Oliver Blume told Automotive News Europe that its partnership with Ford is "intensifying."
In early 2023 Ford had announced that it was going to build several Lithium battery plants in the US using Chinese technology. They put that on hold in September and in November said they were going to build one small plant instead. They also scrapped a plant for Europe.
Maybe Ford will be a target for QS battery technology, not just in Europe but in the US? Maybe that's the Solid State (QS) plants the CEO just recently "hinted" at?
That's a good question and there are a variety of ways we could see this unfold, others in this thread might be able to add other options as well.
1) remember we are only talking about 1 customer (VW) so IF QS keeps the intellectual rights along with any Patent rights then they could work with other manufacturers who might integrate their product into their own proprietary architecture.
A) this all depends on the deal they have with VW - is it a partnership/royalty arrangement/per unit manufactured?
B) Does VW decide to acquire them?
C) Does their agreements with VW provide VW with a lock on the QS rights for a fixed period of time? This could be similar to what Panasonic did with Tesla, Tesla had exclusive rights to the battery-as-storage solution (PowerWall) for a fixed period. A year or two ago Panasonic began selling the same product under the trade name EverVolt ( https://na.panasonic.com/us/energy-solutions/battery-storage/evervolt-battery-storage-system/evervoltr-home-battery )
I think VW will be the main manufacturing partner of QS, I couldn't find any other manufacturers involved with QS, so I'm guessing it's exclusive. And if you look at GM, Ford, the Chinese companies, BMW, Mercedes, Stellantis (Ram, Jeep, Chrysler, Fiat, Citroen, Opel, Peugeot, Alfa Romeo, Maserati, Lancia and others) they all have deals with some other tech or some other company developing their own brand of Solid State batteries. Examples of this would include Toyota and Honda who are working on their own versions.
These are the brands owned by VW: Volkswagen, Audi, Bentley, Porsche, Lamborghini, Audi, Bugatti, Skoda, SEAT, MAN, Scania, and a few more. It's not a bad idea to hitch your wagon to a powerhouse with deep pockets. And VW has been a partner since 2012 - I'm thinking it means QS and VW are tied at the hip.
Until we see details of the relationship, we're all just guessing and I'm not sure guessing is the best way to go. It would seem to make sense, with most of the World's other manufacturers committed to another party, that VW is the one and only. At some point we will see what that relationship means to the company (in the form of payments to QS) and it's price per/share...wish I had an answer to this, but I just have guesses and assumptions at this point.
QS Short report -
Report Date: 12/31/2023
Total Shares Sold Short: 56,030,000 shares
Dollar Volume Sold Short: $389.41 million
Percentage of Float Shorted: +3.0%
The report doesn't calculate where the shares were shorted, just the share price at the time of the report.
VW manufacturing: the one thing that had been a small concern was where the company would find a partner to handle the manufacturing step. When I saw VWs plans to utilize their proprietary battery architecture (PowerCo) It means they will deal with everything in-house; "Volkswagen’s unified cell concept developed by PowerCo is also suitable for the use of solid-state cell technology."
I've seen Panasonic (partner in batteries with Tesla) announce plans to spend $4bn for it's new plant in Kansas. As far as cash goes, I looked up VWs Financial statement and as of September 2023 they had "$75bn in cash and cash equivalents". Having those assets eliminates yet another hurdle in getting this to market.
GL2A
Same here. There's a lot of asphalt between now and when they announce (hopefully) that they can build their batteries at scale.
Saw a couple of articles on both expected life expectancy for the batter, "Driving habits vary considerably by age and gender. Here in the US the peak annual average among demographic groups is about 19,000 miles per year, which works out to 16 years’s worth of driving.
According to Kelley Blue Book, the average length of car ownership is currently 8.4 years. So, if the figure of 311,000 miles pans out, it’s likely that a US driver would get tired of their car and sell it long before the battery wears down."
And some details about manufacturing locations: "The QuantumScape solid state battery was tested at the PowerCo labs in Salzgitter, Germany, where the company is also hatching plans for a series of six vertically integrated, soup-to-nuts battery manufacturing centers, from raw materials on through to recycling.
“Each factory will be operated 100 percent on electricity from regenerative sources and will be designed for future closed-loop recycling,” PowerCo explains, with a particular emphasis on recycling end-of-life batteries. The overall plan also involves large-scale stationary energy storage systems, so presumably the recycle angle would apply to that angle, too.
Salzgitter will be the home of PowerCo’s first cell factory, to be followed by another in Valencia and three others at European locations to be named later, with six planned in all. The Salzgitter factory alone will be capable of providing enough batteries for 500,000 EVs per year when fully built out.
The company also dropped a hint about plans for the US, stating that “PowerCo is also already exploring the possibility of further gigafactories in North America.”
lower volume with lower price - we should see the short report soon for the end of the year. For those who follow charts, we have a gap that formed last week. Patience.
$HDUP - The Spinola Loan in the amount of US$720,000 is effective May 5, 2021, that was 2021, right?
"total amount due from Spinola was $2,086,722 (January 31, 2023 – $2,086,722)" that was from Page 21 of the latest filing.
From the same page: "At October 31, 2023, the acquisition of Spinola has not been completed. All parties continue to move toward the disclosed corporate finance structure of the reverse triangle merger."
So your theory is that HDUP keeps lending money, specifically $1,366,722 more than they had in 2021. (2,086,722 minus the original 720,000 = $1,366,722) and your conclusion is they are doing that because it's a fraud? Brilliant! Just curious, do you think the earth is flat?
$QS - from interviews to PRs the company has said that 2024 will be a year of proving that they can manufacture at scale.
Toyota (#2 manufacturer, worldwide) states that it is ramping up EV production in 2024 and they will surprise the market so there will be competition. NOTE: most analyst believe they will offer a lithium solution, not a solid state.
Toyota states that they can provde the expectations of Solid State with their own (lithium) tech and will migrate to Solid State in 2027.
Percentage of Shares Shorted (QS) - 11.11% of the outstanding shares of QuantumScape have been sold short. According to the SEC.
Current Short Volume 54,400,000 shares
Previous Short Volume 54,950,000 shares
Dollar Volume Sold Short - $412.35 million
Percentage of Shares Shorted - 11.11%
Be patient - the shorts are gambling on months worth of quiet time while the company proves it can manufacture their tech, at scale.
I'll be buying again, if the shorts can push this lower.
This is only a detour - I've seen it happen on other stocks. It's a slight delay but not an issue, IMO
The following was a tweet from before Christmas - I'm not positive about this but I think the Courts generally require a 60 day period for this type of notification to previous shareholders:
Synergy Management - @synergymgtgroup
Dec 20, 2023
$NHYF RE: share cancellations
The attorney process server has been having difficulty of locating the old shareholders. Upon our conversation today it sounds like service by publication is best option. Attorney will petition courts to order/allow this option.
Probably means, late February at the earliest.
I agree, these things always take longer than anyone anticipated. We'll get there.
I'm not sure we'll see 100:1 r/s remember that cuts into his and Solitario's shares as well but one has to assume there will be an adjustment at some point.
I've been adding as well, usually sitting below the bid (GTSM) I think they just try to push the bid up and today I got some at .0036, my offer to buy never showed up on L2 so I'm guessing it wasn't in someone's interest.
I've been in a few custodian deals and did really well, there will be ups and downs - the volumes don't support anyone selling down here. I'll hold.
If they can't locate previous shareholders the court will/can appove notification by publication. I'm not certain of the time frame the court will set, generally I've seen 60 days. But 1st they will need to discuss with the court, their efforts to locate people and the court will approve the request. Assuming they've made the effort.
I think it's reasonable to assume we won't see anything in January. I'm sure we'll get an update from them once they get a response from the Court.
Hope everyone has a Happy Holiday!
Great post,
You should go back and read this from their filing:
"For preferred stock, describe the dividend, voting, conversion, and liquidation rights?as well as redemption or
sinking fund provisions.?
2023 Preferred A: 1 Preferred converts to 10,000,000 Common Shares. This preferred stock has super voting
rights, and the stockholder is entitled to 60% of all votes (including, but not limited to, common stock, and
preferred stock, including on an as converted basis) entitled to vote at each meeting of stockholders of the
corporation (and written actions of stockholders in lieu of meetings) with respect to any and all matters presented
to the stockholders of the corporation for their actions or consideration.
Preferred B: 1 Preferred converts to 4.99% of the outstanding common shares at the time of conversion. The
holder of the share of 2023 Series B Preferred stock shall have no voting rights. Shall not be entitled to dividends
or liquidation.
You can read all about this on Page 3 of the following: https://www.otcmarkets.com/otcapi/company/financial-report/386610/content
Solitario and Barry have 10's of mil each, and you think they can't control the share price? And Solitario has the controlling block..with a guaranteed vote for 60% of the vote
It really doesn't matter if you buy more shares, or if you bring in more buyers. What is happening down here is that they are taking out the "weak" shares. IMO
$NHYF - maybe take a look at this from a different angle. Assume you are the one who has the most to gain from a higher price. Meaning, think in terms of what you would do if you had over 100 mil shares.
The challenge for those of us in retail, is we tend to view a stock performance in a way that will result in the best gain for us. We need to think of what will work for those in control. Then we might get a better picture as to where this is headed.
So, they sit on the ask showing 10k blocks, when you do that, ask yourself if that is a sign to drive this lower or a sign to drive sellers out? If you want to move this to much higher ground then you want sellers out. The least expensive way to get them out is showing 10k blocks. Why would you want them to make money on the way up? You've done all the work, get them out down here.
This IS December, it's a great time to let sellers exit, I can't tell you how many times, I had someone say, this POS is going nowhere and besides that, I could use the money for the Holidays.
As far as timing goes, if they need money, we'll get news before January. If they don't then we won't. I don't think we're on a journey with people playing the short term nor who need money this month. Again, just an opinion.
sorry, didn't see this...I agree.
I don't think "whacking" is what is happening. CSTI and GTSM consistently join the "ASK" when someone wants to sell and they move to the LOW - ASK position.
I've called my broker since he has 'book view" (a Bloomberg product) which shows all the orders, and I asked this. XXXX MM hit the ask as $0.00XX and then they were joined by CSTI and GTSM. My question was, what is the order in who gets hit first for a buyer who tries to slap the ASK.
Guess what, the original order to sell is now sitting in the 3rd spot to be filled. So they want to push the seller to a lower price. Frustrated the seller moves lower and when CSTI/GTSM can't, or are unwilling to push the seller lower they take the seller out and immediately move higher.
That makes me think that this isn't "whacking" - it's accumulating shares. Led by whoever is trading via CSTI or GTSM.
AGAIN, just an opinion. Hope everyone has a Safe and Happy Holiday ahead.
Damn, I was going for Pebbles from the Flintstones
GREENWICH, Conn., Dec. 07, 2023 (GLOBE NEWSWIRE) -- American Battery Materials, Inc. (OTC: BLTH) (“ABM”, the “Company”), a U.S. based critical minerals extraction company deploying environmentally responsible methods to protect and promote our nation’s security as we transition to a clean energy future, today announced the completion of a 1-for-300 reverse stock split of its issued and outstanding common stock, effective immediately. ABM expects its common stock to begin trading on a split-adjusted basis as of the commencement of trading on December 8, 2023.
$NHYF - from iHub: Buy volume is 1,206,694, sell volume is 152,100 - trades between the bid/ask 10,000 - must be feeding time, lol
https://ih.advfn.com/stock-market/USOTC/natural-harmony-foods-pk-NHYF/trades
I'm pretty sure everyone knows this, the first thing a lot of investors do, after Thanksgiving is to ask their brokers where they stand on Capital Gains. Then they lay out a plan for how they deal with that, i.e. sell losers to offset gains, etc. Then after 30 days you get to keep the tax loss and can buy back in.
The second thing that traders with deep pockets do (assuming they have a family) is to focus on the Holidays. I doubt that the people working on this are focused on this in December. I could be wrong, but in 30+ years, I've had very few "run" in December.
So set some alerts on your accounts so you'll know if volumes pick up and enjoy the company of friends and family. Your phone will let you know if something is happening. And don't expect it in the week after New Year either. But January can be the time of year when traders, who have been out of the stock for 30 days, can buy back in while still keeping their losses. Couple that with news and it's going past a couple of pennies, imo.
GL and Happy Holidays to All!
$NHYF - I had someone ask me my thoughts on the timing... Next week is the Turkey event, no one is paying attention.
The week after (Thanksgiving), for those with shekels is seeing the fam off at the airport and settling back into a routine for a couple of days (You can do that when you have millions)
The following week, you sit down with your accountant (CPA) and your broker/investment group and you try to see if there are moves you should make to reduce your Capital Gains (taxes). You have until Dec 31st to make those moves. (transaction needs to close). You need to have your agents working on this through the week before Christmas and up until New Year)
The next week (one before Christmas) can be more of the same and then you get ready for the family event (Christmas). And when that and New Year's is over they slowly re-enter the markets, 2nd half of January to early February. If you had tens of millions, you would do the same.
January sounds about right...probably the 2nd half or early February, imo
I got a few on the bid today but was out running errands so I missed some opportunities. But there is probably some time between now and January to buy some more. GL2U and Wish everyone a Happy Holiday!
There are 2 shares of the Series B stock, each share entitles the owner to 4.99% of the O/S - Berry owns one and Solitario owns one. Berry's is listed as an exchange for his services as a Director, and Solitario is listing his as "Voting Control".
Then there is a 200-share block that is owned by Solitario and they provide the owner a guaranteed 60% of the vote on any issue. That's your poison pill.
This information can be found on Page 4 of the following document (11/15 10-Q) https://www.otcmarkets.com/otcapi/company/financial-report/386610/content
I do think that Berry isn't in this to dump his shares at these levels, remember this is what his firm does. They find distressed companies, turn them around, and make them whole. Then they profit from a much improved share price. We shall see as it moves forward.
$NHYF - This is what Berry is entitled to. 2 shares of the 2023 Series B shares were issued, one to Berry and one to Solitario. This is what they convert to:
Preferred B: 1 Preferred converts to 4.99% of the outstanding common shares at the time of conversion.
KEY WORDS, at the time of conversion. I'm guessing these are not short-term holders so they'll wait on converting these until there are more shares in the O/S (remember 100 mil reduction coming) but as they grow they can use the shares for funding for new opportunities and at the risk of being labeled "a Student of the Obvious". It won't be down here. imo
$NHYF - a couple of assumptions that might be wrong - 1) that someone would provide $5mil funding for a company with nothing happening, I've been involved in deals for capital and NO ONE provides $5mil unless there is something about to happen, not Angel Investors, Not private investors, certainly not a "private family office". They would have signed a NDA in return for knowing what is coming. 2) It's not going to happen down here.
Today is a "clean up" day, IMO. You let people out, who want out. It is easier to move the stock up if you sweep out the sellers.
3) In today's filing, you'll see news about what Solitario got and what Berry has - they each own 1 share of the 2023 Series B Preferred stock which gives each of them the right to convert that share into 4.99% of the outstanding shares. These are not people who do this so that they can make money by selling their shares at .005. Why 4.99%? Because you have to notify the SEC of every sale if you own 5% or more.
Definition of a Private Family Office: "A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets."
They didn't get that kind of wealth by being careless and they would NEVER want to invest in something if .005 was the goal. I've dealt with them and they are the most detail oriented investors, I've ever met. They'll do background checks on the management, they'll want proof that a company is the "real deal". They didn't get their money by playing Russian Roulette. And, they never buy sub-penny stocks, NEVER.
According to FINRA - Tot. Volume (Last Month) 3,037,868 and today we have done almost 2mil in one day vs last month's (October) volume. It appears that today was an event of some kind, but I think this shows just what kind of volumes (much bigger than today's) will be ahead. GL2A
$NHYF would like to say thank you to whoever gave me some .0038s - much appreciated!!
I did this a little while ago, "Buy volume" is 1,103,375 and "Sell Volume" is 832,000 "? Volume" is 125
you can find this under "quote" and then "trades" for any stock.
$ALPP so if you are able to read and comprehend then I wasn't suggesting that this is good. I was just trying to understand why it was bad. I didn't know you owned a "woke" outfit but I'm sure you must look "cute" in it.
I listened to the shareholder conference call today and it sounded like it was written by pumpers.
If you believed the call today, you'd think they were a $100 p/share stock. So I won't be buying and wish everyone the best. Update from my original post. Not convinced they know what they are doing.