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whoever this is, is trying really hard to bring her down.
Real hard..
Another great DD. Thanks for sharing that.
Chen, I have a question for you.
Do you know by any chance, how much korean shareholders did pay for Saean shares on average before all this started?
Was it $3-4 per share?
TIA
I already did, I have a Master's degree in Finance, my post was specifically related to how it works.
Did you take a look at the powerpoint I posted before?
No need to be a smart ass, IMO
more details from slide no 5
1.Public Shell creates a wholly-owned subsidiary
2.Stockholders of Private Company A negotiate with the controlling shareholders of the Public Shell in order to merge with the subsidiary
3.Private Company A merges into the subsidiary, with the Private Company surviving and shares of Public Shell issued to shareholders of Private Company A •Simultaneously with this transaction, the Public Shell can also conduct a PIPE (private placement)
•A financing occurring simultaneously with (or immediately subsequent to) a reverse merger is referred to as an Alternative Public Offering
4.Private Company A becomes a wholly-owned subsidiary of the Public Shell with the controlling stockholders of Private Company A (and the PIPE investors collectively) usually owning 90% or more of the Public Shell and the shareholders of the Public Shell owning the remainder
•Private Company A’s management team becomes the directors and officers of the public company
you might be right, I don't agree with it. IMO, It's being walked down with scare tactics.
who is gonna sell them the shares at .01? they can't even find enough sellers here at this level
I know that's why I believe they are buying shares at open market and they have more than 65% as off now. That's why we see all the manipulation with huge ask walls and attempts to shake..
It's crucial that they get enough shares they want.
Basically LEE and hedgefunds will decide how much we will get, plain and simple.
If the Korean shareholders are converting shares to EMPM (which I think they are), LEE as a decent and God fearing individual won't screw his Korean shareholders who stood by him from the start and EMPM (shell) shareholders will get decent percentage of the new company..
Filings will tell
PPS matters.
this part of the powerpoint is crucial and everybody needs to understand what we are facing here.It's on the slide 5
Private Company A becomes a wholly-owned subsidiary of the
Public Shell with the controlling stockholders of Private Company A
(and the PIPE investors collectively) usually owning 90% or more of
the Public Shell and the shareholders of the Public Shell owning the
remainder
• Private Company A’s management team becomes the
directors and officers of the public company
no, mm's fill you there. They don't want the wall to be gone.
No need to fight it, as I mentioned yesterday they have shares and enough capital to fully control the PPS here in OTC.
I am being patient ,buying here and there like today I added some @.16 and playing along. These people are big financial institutions and possibly hedge funds, we can't fight them.
I know our account balances are hurting compared to 2 weeks ago and we want to stop the "current downtrend". but, it's what it is and we can't control that at the moment.
Just know what you own and trust the process..
There will be some millionaires made with this stock.
Cheers
Some nice and plain info about Alternative Public Offerings. What's happening right now and what's about to happen next.
http://forums.capitallink.com/shipping/2012greece/pres/grossman.pdf
great post, perfectly put.
yes I don't want any groups on this one. Pretty organic so far..
couple of points for people to think about.
Why does level II show weakness on the buy side?why does cdel an active MM sit at .016 even though there a lot of buy orders in between?
Why does ask look heavy and etrade doesn't come down and keeps showing that 234K ask block? eventhough etrade is a pretty active MM?
believe me, been in this game since 2002 and in stinky pinky land since 2004. I can read their minds.
They are capable of squeezing every single share from the weaklings..
you have to have a nerve of steel for the big gains.
Looks like pain before gain. We are in the pain phase for now.
hate to say this but the big boyzz have us by the balls.
they have enough shares and capital they can drive this to both directions.
and looks like they wanna keep it down for now..
I think the PPS is being held here on purpose.
Either for the conversion for koreans or some kind of a financing deal with a much bigger financial institution.
Big money is smarter and more powerful than all of us, it’s obvious that they want to enter the stock at the very bottom; either at the open market or with a financing deal..
The lower the pps the better deal they get.
Once they get the deal or the shares they got, they will start moving this up, hitting the ask and will average up as many of us have been doing.
We just need to be patient and play along.
There will be some millionaires made with this stock.
Cheers
Imo, it’s not “just an otc trading group”. It’s much bigger than that.
They might be either big investors or a financial institution related to the company.
They can’t dilute without notes or filing. The shell was clean and no new filings.
We knew that already. However some people still used it as a scare tactic to steal shares from the newbies..
Good post.
I like the way it's trading right now. It keeps away the flippers, and whoever is buying keeps accumulating.
Maybe more retail should sell so the big boyzz have enough shares they will start the next leg..
it doesn't matter one way or another if you are in this for the Nasdaq..
There will be some millionaires made with this stock.
Cheers
The move has been pretty controlled in the last 2 months, especially in August. Big boyzz are using CFGN to control the pps..
No convertibles, no notes, no dilution. End of story.
good post, that's why I keep saying that there will be millionaires made with this stock..
Having said that I don't want newbies or inexperienced traders to go "all in" and lose their asses if something goes wrong ..
veteran traders already know how to approach this stock.
GL
You ONLY buy with the money you can afford to lose..NO MATTER WHAT
That's why I always point out the importance of the core holders here.
As long as we stick to the plan and don't dump too many shares, flippers like long face will never get enough shares and the big boyzzz will keep doing what they have been doing which is steadily rising the PPS while collecting some shares along the way..
There will be some millionaires made with this stock
cheers
Perfect post, nice to see some other people realizing what’s going on here lately.
short term predictions won't work here, they will do the opposite. I'm sure they are reading this board.
it's very important to rely on fact based DD and real info..
Most of the time I can't help doing it myself but when opinions, forecasts and projections or speculations dominate the PPS the big boyzzzz will always come up with a way to steal your shares..
When the real DD,information and fundamentals are the main driving factor they are stuck as we see today..
there will be some millionaires made with this stock.
cheers
Oh I forgot to add the most important thing.
There will be some millionaires made with this stock. LOL
And those will include some core holders here if they choose to.
Cheers
yes they are and we are too..
I'm pretty positive that the core holders are not dumping here. We have some decent size here among 15-20 traders on this board. I don't personally know any of them but the trading tells. And the big boyzz know this and they might be after those shares who knows..
it will be interesting to see who gives up first, I know I don't have a deadline and do have the luxury to wait it out how the story unfolds. LOL
Great update Chen.
If they came up with $50m for Korean Shares, it’s safe to assume they have another $50m lined up for US shares which they will use( and already using) to drive the PPS above $3 for Nasdaq uplisting.
The controlled price action and big buying pressure at times support the argument..
There will be some millionaires made with this stock.
Cheers
you should not have bought that much if you can't handle consolidation days..
exactly, it's simple as that..
I don't like to see too many messages without a proper DD over the weekend and attempt to take this to breakout board list etc..
too many cockroaches are working overtime..
They don't matter..
However, the core holders ( 15-20 of us who have been accumulating right after the first 8K ) do matter.You can easily see who they are if you can go back to june and most of them are veteran traders and we will dictate the price here because we know where this is going and not letting go our shares.. This is not a flip play for us and we proved that over and over again for quite some time.
there will be some millionaires made with this stock..
cheers
you don't want that unless you wanna flip fast like the"long face crew"..
just enjoy the ride, slowly but surely..
GL
new people are joining here every day, most of them just stop by to make a quick buck..
After doing a real DD, it's very hard to let go your shares..so some of them(us) choose to hang around..
IMO, it's great if we can gain one real believer per day..
Price action already shows that the foundation is strong..
Brick by brick we will continue our journey to nasdaq..
PPS is controlled here by some big boys, we are just the "free riders" at the moment..
Feeling pretty grateful myself to be in the right place at the right time..
There will be some millionaires made with this stock..
GL
exactly, that's where you make real $..
we are waiting for .2 break here and getting excited, above $1 we will see .2 cents moves almost daily :)
big boyyyzzzzz; don't put huge blocks at the ask and let the algossssss work this..
There will be some millionaires made with this stock..
Cheers.............
Hi, Long face, how you doing my man?
FYI, they must be reading this board