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Just getting rid of some of the flips. Good time to load more for next leg up. Not a bad thing at all. About to see this really take off after idiots sell off for the small change. To many catalysts left with Laredo and JA. IMO -- time to acquire and hold more at these levels.
ADD/HOLD/KEEP COLLECTING ==> IT WON'T BE TOO EARLY; IT WILL BECOME TOO LATE THOUGH!!
I agree lukin4winners, court date tomorrow with the custodianship being granted (IMO) then filings and registration begin. This will quickly grow legs and today will be a great start to plant the seeds. I began sowing my seeds a few weeks ago and expect a nice crop to begin showing strong growth within the next week. As court documents/filings become public, this little ticker will explode (again, IMO).
That will certainly be a terrific buy! People will find this quickly enough. With about only three weeks, your pps will be envied!
I am not anticipating the date being pushed back (hopefully), but I do believe it may be Friday or even early next week before we see the clerks paperwork completed.
Yes, I agree that filings will come quickly. $LRDR,,,a gem
Volume hitting. Looking good here now!!
About 3 weeks so it's time to get in and not get left behind. It's going to start climbing very soon.
Yeah,,,looking for $OWVI to make a move (hopefully) as custodian changes to David Lazar this coming week. I have 2 Lazar shell plays. $RARS and $OWVI. I hope his plays are as sweet as Arcaro's have been.
Yeah he is. PPS is sitting at $3.00 now. I will be watching as traders pick up on this. Also, $SHNL,,, crazy pricing right now.
$NUGS money here!!
Did you notice the pps @ $.02 whereas the bid showing $.035 and ask @ $.50 --
I plan to wait to see what the pps does. I am not sure IF i can place a trade with Schwab but this pps should go lower. I just plan to keep my peepers on it to see if/when court updates are made and when trader interest in this begins to generate. I can't see this starting @ .02 but with this guy, I can see it much higher. IMO.
Thanks art35. I have had no problems with trading small cap securities with Schwab. DD is extremely difficult as I am sure we are all aware.
I just read this post over on the RARS board from art35. I thought it is a good read for all here,,,especially with the problem using TD and Fidelity!
Why Joe Arcaro, Lazar and oravec are held in high regard!!!
The prospective custodian of a dormant Nevada company must meet requirements set by state law. First, he must be a shareholder of the company.
We know from court filings that our applicant purports to have purchased shares of stock of each entity he’s interested in before he files a custodianship petition.
A custodianship action may be brought in two circumstances: if the company directors are so divided that any vote they may take would be split; and if the business has been abandoned, and no steps have been taken to dissolve, liquidate or distribute its assets.
Applicant relies on the second option, seeking shells whose management has not made any filings with the state for several years.
The applicant must also provide certain information specified by the Nevada statute, along with an affidavit in which he swears to its truth and accuracy. He must include a list of all previous applications for custodianship of a publicly traded company filed in any jurisdiction; if those applications were granted, he must supply a detailed description of the activities he performed as custodian including reverse stock splits and share issuances.
The custodian must also append a description of the current corporate status and business operation of those companies. He must in addition disclose “any and all previous criminal, administrative, civil or National Association of Securities Dealers, Inc., or Securities and Exchange Commission investigations, violations or convictions concerning the applicant and any affiliate or subsidiary of the applicant.”
That would include sanctions by the Commodity Futures Trading Commission (CTFC), and any state or federal actions, no matter how old. We note many custodians hiding behind their affiliates such as corporate egos to conceal required disclosure of background matters despite representing to the court that no such matters exist. Examples of administrative actions includes actions by the CFTC, state and federal administrative actions no matter how old.
These high standard of disclosure was created because custodians are fiduciaries to the other shareholders of the corporation whom they are obligated to protect even above their own self interest. Lastly, he must provide evidence of an attempt to contact the officers and directors of the company in question. That is practically achieved by serving them through the company’s resident agent, if it still has one, or by mail at the company’s last known address.
If the custodianship is granted, the applicant must set a date for a shareholder meeting, and inform all shareholders of record of it; he must then inform the court of actions taken at the meeting.
He must also reinstate or maintain the company’s corporate charter, and show that he is “continuing the business and attempting to further the interests of the shareholders.”
Unfortunately, custodians of dormant penny shells often disregard those fiduciary duties, performing reverse splits and other actions that may affect the size and value of the holdings of the very shareholders the custodian is obligated to protect. ((THIS IS WHY SOME FIRMS LIKE TD and FIDELITY DO NOT ALLOW PURCHASES))
These actions are taken to make the vehicle more attractive to a potential buyer. Once the vehicle is purchased, the custodian and his associates pocket the proceeds from the sale as payment for their purported “services” as a fiduciary and custodian.
Thanks art35,,,nice post. If you don't mind, I intend to share this on the LRDR board as there has been confusion as to why TD won't allow trades of LRDR. I did see a message this morning which advised that TD has just now opened trading of that stock. Again, Thanks for this post.
SHNL SECURITY DETAILS
Share Structure
Market Cap
400,000
04/05/2018
Authorized Shares
50,000,000
02/28/2018
Outstanding Shares
20,000,000
02/28/2018
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
Not Available
Par Value
0.00
Market Value calculated only for respective security
Case Information
A-18-772247-P | In the Matter of the Petition of David Lazar
Case Number
A-18-772247-P
Court
Department 25
Judicial Officer
Delaney, Kathleen E.
File Date
04/04/2018
Case Type
Other Civil Filings (Petition)
Case Status
Open
Party
Petitioner
Lazar, David
Active Attorneys
Lead Attorney
Chasey, Peter L.
Retained
Defendant (Participant)
Shentang International, Inc.
Events and Hearings
04/04/2018 Initial Appearance Fee Disclosure
Comment
Initial Appearance Fee Disclosure
04/04/2018 Application
Comment
Application for Appointment of A Custodian for Shentang International, Inc.
?
05/08/2018 Motion
Judicial Officer
Delaney, Kathleen E.
Hearing Time
9:00 AM
Comment
Application for Appointment of A Custodian for Shentang International, Inc.
Financial
Lazar, David
Total Financial Assessment$270.00
Total Payments and Credits$270.00
4/4/2018 Transaction Assessment $270.00
4/4/2018 Efile Payment Receipt # 2018-23519-CCCLK Lazar, David ($270.00)
Case Information
Party
Events and Hearings
Financial
Back to top
OS = 230,100
Charles Schwab showing $3.00 per share -0- trades and won't accept trades.
Not showing David Lazar is requesting Custodianship but points in that direction. Clark County 8th District Portal 4/4/2018.
Case Information
A-18-772249-P | In the Matter of the Petition of David Lazar
Case Number
A-18-772249-P
Court
Department 31
Judicial Officer
Kishner, Joanna S.
File Date
04/04/2018
Case Type
Other Civil Filings (Petition)
Case Status
Open
Party
Petitioner
Lazar, David
Active Attorneys
Lead Attorney
Chasey, Peter L.
Retained
Defendant (Participant)
Zhongchai Machinery, Inc.
Events and Hearings
04/04/2018 Initial Appearance Fee Disclosure
Comment
Initial Appearance Fee Disclosure
04/04/2018 Application
Comment
Application for Appointment of A Custodian for Zhongchai Machinery, Inc.
04/05/2018 Notice of Motion
Comment
Notice of Motion/Application for Appointment of Custodian
?
05/08/2018 Motion
Judicial Officer
Kishner, Joanna S.
Hearing Time
9:00 AM
Comment
Application for Appointment of A Custodian for Zhongchai Machinery, Inc.
Financial
Lazar, David
Total Financial Assessment$270.00
Total Payments and Credits$270.00
4/4/2018 Transaction Assessment $270.00
4/4/2018 Efile Payment Receipt # 2018-23518-CCCLK Lazar, David ($270.00)
Case Information
Party
Events and Hearings
Financial
Back to top
Yeah, only 2 more trading days.
Agreed DD! Looks like some may be flipping this while others want to try and time entry as close as possible to court date to find out the who? At some point a whale will step in and the chase will be on! IMO Everyone have a great weekend.
My guess is we close today .008 +
The other RM plays I have are seeing new highs. Just a Matter of Time here.
Thanks for posting this again olico. It sure doesn't feel like I have been in this for 2 months. Seems like only 2 weeks. So much has happened and I anticipate so much more to come. ARCARO IS THE MAN!! So are all the traders on this board. It's been great reading and trying to keep up. I went to play 18 today but quit after 9 as I wanted to see what some of these RM plays were doing for EOW. UN-FREAKING-BELEIVABLE!!!
What happened to this clown? <JkJStyles>
I guess off harassing another board.
$OWVI,,I will take .002 for a close today knowing Monday will spike even further .
That would be nice but these types like just like to stir the pot. Offer nothing concrete, just dump on a stock they have picked out!!! We have one on another RM who has been around as the pps has risen from .0024 to .016 while he continues to bash the stock as a POS.
This would be a nice day for the chase to continue up the ladder! Good luck all,,,have a great weekend! Golfing and fishing in store for myself!
Sorry. You won't see that any longer!!
I agree. Both Larzar + several of Joseph Arcaro's RM plays are working out rather well for me! Been very happy on all of them. $OWVI should see a nice breakout with 4/11 just a few days away and RAR$ court date on 5/1 will rock.
Yep,,,thanks for pounding. This got me started in following Arcaro and Lazars plays. Lightning in a bottle!!
$CYPE AND $LRDR,,,GREAT DAY!!!
.017,,,wow how about a EOD close at .02
Wow, I need to go out to play another 18. Damn nice day,,, again.
Agreed. Thanks.
And about to get much nicer!! IMO
Good board to have put together. Joe is the man for these RM's. Thanks.
On LRDR, I contacted the court clerk two days after the custodianship was awarded. I was able to get her to verify, but it was another 4 - 5 days before officially announced. Someone also contacted Arcaro's attorney prior to court announcement and the attorney also verified. It all has to do with the workload of the clerk.
You got it brother!
Sure did enjoy the action today!! Looking for continuation.