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I have. The days before suspension.
Start blowing up daves phone. They should keep us up to date now considering they are now a private company.
There are not shares for them to buy back
Good luck to everyone. Total speculation now. Hopeful waiting if you own. Nothing to talk about otherwise. Either it happens or it doesn’t, with no trading in between
I guess this won’t trade on the greys. Bummer. Wanted to sell. I guess I’ll either be happy or forget about this money
Because the minimum amount of time it takes is both a very long time, and twice as long as the 180 day extension
This is very concerning:
In general, a private company can go public if:
? The private company has at least 25 non-affiliate shareholders who paid cash consideration for their shares at least 12 months prior to the Form 211 filing date;
Sounds like must remain private for a minimum of a year?
I haven’t seen the frucci and associate email that I have read about. Can someone post it?
Right now you can’t trade it. The sec said no lol. When suspension is over you’ll be fine. If you want to feel better about it, find an active grey and put in an order you know won’t be filled and then cancel it.
IF the second event happens, ROI will be well worth it.
Merger will not be completed by next Friday. Otherwise, why pr a 180 day extension. The previous merger deadline was October 22. The biggest thing for me is them defining the word quickly, in regards to filing a form 10. They should know when they will have financials up to date, as they promised they would be by yesterday. And filing a form should be something we should be kept in the know about. No matter what, this will remain a fantastic lottery play, depending on how much you like risk. If it comes back as some expect, pps will blow up.
I do feel however, a company going, hopefully temporarily, private should be doing more before hand to speak with investors about some kind of future return on their money. They have another week to do so.
Seriously. I’ll sell too but if the only option is trips, it makes more sense to hold as a lottery play.
Today was the day we were supposed to be current. Some audited fins would go a long way.
Question: can the form 10 be filed before the shares are completely revoked?
By being current, I meant have financials up to date.
Does the company need to be current before filing the form 10? I’m just curious how long it will be before that happens
If they’re scamming us, your investment will be worth zero. If they’re legit, and are successful at relisting, you may do very well in who knows how long
Even if legit, and it goes as smooth as possible, I don’t think a 180 day extension is long enough.
I don’t know all the legal behind it, or why they can’t immediately file a form 10, rather than as soon as possible, but from the time they file, you’re looking at 60 days before it trades again.
As per google university
4 hours ago is a damn early morning to be posting things. They must be celebrating with our money in Europe
I’m pretty sure by the time of the 8k about accounting, ss was maxed. There was no reason to keep shareholders buying. If they owned a massive amount of shares they are selling, wed see some form 4s or now you’re looking at a felony
Lucky for all of us, the suspension rolls through the fins promise date. I’m sure GSCG could buy their way out of it, if everything is legit. And maybe that has never happened, but I’m sure this hasn’t happened with a company as big as GSCG before. If not, we’ll have a quiet 2 weeks and a sell off. So many weird things about this. Including the other company suspended was essentially a dead ticker already.
I love the irony of resuming trading on a Friday. Including suspended weeks, it will be the first red Friday in 9 weeks.
I’m pretty sure as a part of the suspension letter, it said LAHO did not know this was coming. Apparently the 1 warning mailed to them was never received because they didn’t have an approved sec mailbox or something.
I’m waiting for clays video to decide what to do.
Lol
There’s a lot of weird theories going on, and I honestly think a lot of people are in denial. It’s also crazy to me that some people think it’s funny that others lost money. I’ll be losing money but from what I gather, I’ll still be taking a decent profit. Here’s my one weird theory:
Big board stocks get halted for pending news and stop trading for minutes or hours all the time. Also for volatility. This could be the penny stock version of that. They can’t halt it for pending news for days, so why not find something else? Dollar volume has been increasing, and if anyone is aware that the filings are being made, it would be the sec.
So while I am very ready to lose a good portion of my gains and take a smaller profit, who knows, maybe it’s the one strange time. But probably not. The nice thing is by the time we trade again, the company should have done something by the means of a statement or filings. If not, I guess we know where we are. So we can all talk in circles for the next 2 weeks, but by that time, it should be pretty obvious one way or the other, considering the circumstances.
Peace
Janice, what are we looking at for pps? No bid? Low trips?
What is os? OTC says 15m. Doesn’t seem possible
I disagree about none of us having enough shares to influence the price. I have enough to have made this close at least 41 if not lower and some here claim to have way more than I have.
Let’s add to our 6 straight green Fridays!
Replying to the pm you sent me. - I agree for the most part. One guy showed proof of just over 100m
Almost identical to last time we gapped. If that days pattern continues, should close at 38 where we closed yesterday
I wonder how many are still holding from trips. Hoping it has reduced some. Less people who can knock out multiple levels the better.
Still holding my .0004s
Of course not lol. And there won’t be after hours news. They have only have pr pre market. First 8k was post but that was with a pr pre. Same as the 8k about accountants
If someone wants to remove my sticky, have at it. There have been better posts since then. Idk how to remove it.
Losing money to grow isn’t a turn off anymore. If I could list tickers here I’d have a ton of billion dollar companies losing money as examples. They’re everywhere. Also, nothing says they’re losing money here.
Today is 3 months to the day of the initial pr. Maybe a nice update surprise to make us some more money.
My .0004s are feeling nicer every day.
When the price goes up use stop losses to unload. Then if it continues up you don’t miss a run. And you add support