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It would be nice if there was some O/S Henry will buy back once current. That would really help jump start the pps when buying in the open market.
Half mil on the bid now.
Actually it could be more, from thh 8k
"Total number of repurchasable shares: Up to 15 billion shares, or more as may be needed."
I read the "or more as may be needed" as 15b was the goal but left the door open to buy more due to the on going negotiations with note holders at the time.
Some nice action there.
Cool, thanks for the update/quick replies.
Curious if anyone reached out to management regarding the whole IGBR issue?
HA, looking at the Feb 11th Attorney Letter, it has IGBR as the ticker as well. Both versions of the letter have IGBR all through the document. I wonder if the OTC just keeps rejecting it without telling them what the issue is.
Good eye... and arrrggg ahhhwww man. lol.
Besides the 5% shareholders/directors that were updated from the Feb 11th Attorney Letter, I noticed there is an extra quarter mentioned on Page 3, "quarter ending December 31, 2020". Not sure if this was on the 2nd Attorney Letter attempt or not.
I would go even as far to say the buy back started when then the 8k dropped on Dec 29th
Other posters have noted the difference from the previous 8k referring to buyback with the Dec 29th 8k having an addition of
Details of Repurchase:
d. Methods of repurchase: Open market purchase and/or negotiated transactions.
I recall seeing some of these big block trades on the run up to .01 but it was only in Feb anyone really started to track the block trades.
5 billion O/S or less alone will help move this thing, add all the goodies Phil has to offer.....Summer should be great!
Not sure if it matters too much now, but another avg block trade for 34,634,983 @ .004621 when through a little while ago.
You probably dug around LinkedIn, but looking the employees listed with Dryworld's LinkedIn page brings up some interesting finds. A few have a Brazilian location.
Its within the 25% of the day's volume too (according to my rough calculations). I believe that's the % you found when it came to the buy back.
Thanks for your insight. Agreed, the subsequent events portion of the filing will allow Henry to open the flood gates of information.
Can't wait!
Agreed, I mean "It ran to pennyland on nothing": TSNP ran with a 4 bill OS to 2$ on no rev. I can't wait for mid April, if a 1 to 4bill OS after buy back and we are laughing. Dear knows what the pps will be at that time too.
Yeah my petty increase in shear holding whishing can wait ;).
Oh, I know the feeling of sellers regret, way worst then "if I have only X many more shares". I hope you get back to or more than your previous holdings. I'm at the 'If I have only had x many of shares' stage, which really doesn't matter this upcoming week.
Agreed
Now I have seen plenty of times a stock being hyped up over the weekend to spike a few ticks in the am, only to tank before recovery. I can see a sell off until the actual filings, Tis the game but getting a different feeling here. Not to say there wont be a dip, just not something for me to worth taking a chance on.
I don't do this for a living, so it won't take much to match my annual+ income.
I like my career, just like my free time more...
I've been pondering what chances there are of a dip on Monday, to sell a portion of current holdings then buy back on the dip (due to my ocd with the desire to have a round # of shares). BUT looking at what I need for a dip, I would much rather just hold and watch it play out, then to stare at a screen.
Initial buy in was .0005/6 back in Dec and have been doing what I can to increase holdings.
Nervous as hell seeing all the DD/potential this stock has.
To me, the cc confirmed what we are seeing with the big block avg trades/negotiated deals. It's just not official until PHIL is current and can buy those shares. "On the books" I believe Henry said. I do recall seeing these block trades on the run up to the .014, just hared to say how much have been traded as you mentioned.
LOL, not going to lie, I was wondering how many amended filings does it take. Anyone watch the 3D animated movie Home?
Replace purple with amended..lol
My brother was telling me about this. Impressive to say the least. Adding this ticker to a watchlist and buying when I can.
Nice! I just hope the stores are already setup and they are looking for some one to take over/manage.
Lol, might as well right?? I was already in the review mojo at the time...lol
Yup, even after that 5% insider update, I still don't think there are many shares left to go around. The bid/ask spread is 2 to 3 cents at times. Plus I would hope recent trading only made for a stronger base. It would be nice for a walk back up to 0.18 before more updates but I'm just as eager to see the updates now..lol
Nice to see the directors updated on the amended letter. Mixed feelings there are less than 10 insiders with 5% or more shares...but hey, I'll take getting current, ticker change and the updates if this was all that was needed.
OK, I usually follow OTC Markets, so found it odd when seeing Barchart's listed OS & then it matched what RBC had.
Thanks for all the DD being posted here.
Or maybe I'm just not reading the Annual Report correctly, the directors are listed, but Number of Shares owned are "None" except for Ron, which is 100%.
I know, but the letter stated the %5 shareholders and when comparing to the Annual report, those same people are not listed. Which leads me to believe the 5% + shareholders are recent.
I'm not going to ponder on this too much, but just wondering where these 7+ 5% shareholders are. Q2 will validate if my thoughts are correct.
The 5% ownership table contradicts the attorney letter. Unless the shares were given out after Dec 31, 2020 then that would make sense.
Hopefully, we see some Dryworld action this week, ticker change + a PR would be nice.
Makes sense, the stop/yield sign was probably a wrench is their plans.
yup, something is going to give, either ticker change or Q1 with some of Dryworld's financials.
Notification of late filing for the Q1 = Feb 20th its due(Anticipated Filing Date, but the 20th is a Saturday).
https://backend.otcmarkets.com/otcapi/company/financial-report/271049/content
Hehe, takes the legal fees then runs to the PC to buy some IBGR shares...
I would be nice if the Yield & Shell were rectified by this one letter.
In the wise words of Ricky from Trailer Park Boys "Get two birds stoned at once." LOL
Going to repost my take on the Attorney Letter, going to be hard to concentrate at work today:
- Letter of Intent PR for Reverse Merger on June 17th 2020, volume surge the following day, 18th.
- Annual Report ending Sept 2020 states only Ron own 100% shares, all other directors owned 0%. Few high volume days since.
- Attorney Letter states the same listed parties + other directors (same from Annual Report) & CEOs (I believe Brian, Matt, & Barrett) all own 5% or more. I counted 10 people with 5% or more. So add at least another 50% of 140mil currently being held in stronger hands.
+ all the peeps on this board who have millions, I'd say there is very little shares to go around.
+ Zalmy tweeted adding & he has 20k followers.
Looking that the 2020 annual report, those names listed did not have shares. 100% owned by Ron. Sounds like Ron took care of his employees with the DRYW merger. So I think the other ceos & director are Brian, Matt, and Barrett. So 10 shareholders with min 5%, I would think.
To take that point further, if this was as of Aug 2020, what was the share price vs volume since. There are only a few higher volume days but I don't think anything 70mil worth, especially since the share price has been going up. So I think the 7 names listed + directors + ceos still either hold or close to hold those 5% or more...
Dear know who's hands will be in this..lol last hour or so before market close someone with 20k followers tweeted he added to ibgr, volume picked up...but now with this letter, it should have more bite tomorrow...
Hope this is followed up with the ticker change...