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Definitely looks like a plan being executed to me.
Nice post.
Anytime, and welcome to the board!
I don't remember seeing anything about 'everyone' expecting news tomorrow. I'm expecting an update on the consultant's progress and maybe an announcement in the near future - so definitely not 'everyone' expecting news tomorrow.
Mergers and/or aquisitions take time; especially mergers and/or aquisitions that require SEC reporting and outside consultants. It's rare to see this kind of planning and utilization of resources at this level.
There's obviously something happening - just a matter of when and how big.
We'll find out soon enough.
Best to get your info straight from the SEC filings. Long story short:
Huss aquired control of CZNI about a year ago - 8k has details and dates.
8k filed in February announcing new Auditing/Accounting firm.
Quarterly filings started showing up in March/April for 2019.
The 2019 Annual 10-K and all 2020 quarterly filings were filed with the SEC in August - bringing the company to a fully reporting, current status with the SEC and OTC Markets.
The latest quarterly disclosed that a 'Aquisition Consultant' was hired and working to evaluate and secure financing - since April.
But don't take my word for it...all the information is available on the Official SEC website:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=1381871
I definitely fed him today - Takes money to make money. Looks like the consultant is getting paid, which is a good thing as far as I’m concerned. We should know what they’ve been cooking soon enough.
This sounds so familiar...
Dennisb68
Friday, 08/14/20 03:07:40 PM
Re: None 0
Post # of 64224
Investors are buying at the .00105-.0011 level just to see it drop back to the .0008-.0007 level like it has each time for the last year.
Too many potential catalysts here - inherent bias will cause some to miss out. Buying this at .00105-.0011 when others called it a mistake made many a very impressive profit and set them up for the next leg. I don't think we're far now.
GLTA
I know it’s been mentioned several times before but I forgot how high the CEO’s other company ran going into the reverse merger. Was it .11? That rings a bell for some reason. Was that company an SEC filer as well?
And what was the time span implied on this post?:
Dennisb68
Friday, 08/14/20 03:07:40 PM
Re: None 0
Post # of 64224
Investors are buying at the .00105-.0011 level just to see it drop back to the .0008-.0007 level like it has each time for the last year.
CZNI board predictions are great! I’m glad I bought those .001s. They definitely outperformed the market by a long shot. I was on the bid at .0007 too, but didn’t get filled. I can’t wait to see what the CEO is orchestrating here at CZNI. Now that SEC filings are current, we might get an idea any day now.
Dennisb68
Thursday, 07/23/20 02:00:05 PM
Re: None 0
Post # of 64218
Buying at .001 when they could have waited and bought at .0007. Makes no sense
Excellent point. Those hundreds of millions of shares previously bought are being held rather tightly according to current daily volumes.
Maybe, but language is very nuanced...and important. CZNI has reported to the SEC that their Consultant is in place (since April) to "evaluate" and "secure financing".
From the 2019 10-K:
“We are currently evaluating various acquisition targets. Some of these propositions may be accepted by the company...”
From the most recent 10-Q:
"...evaluate business acquisition opportunities and help in securing financing."
The way I read it, the 10-K capturing 2019 shows an active search (for "targets") with no Consultant on board and the latest 10-Q shows a vetting process by the hired Consultant of an identified candidate or candidates ("opportunity"). Also, what would need to be financed if the company was only shopping? Huss can secure notes all day long for current operations.
No Sir - impossible. That was just my best interpretation of your very wise words!
CZNI is right where it is supposed to be. At this point, I think it’s very close to a big reveal and value increases by the day.
Easy to overthink things down here. Technicals fly by the wayside on news and sometimes even hype on the OTC. I honestly don’t think ‘priced in’ on future action is applicable in pinkyland. It generally boils down to this - does price accurately reflect the opportunity presented? Price generally increases as opportunity gets nearer to materializing. Price was cheaper when the company was dormant. Price has slowly increased as filings started to hit the SEC. So on and so forth...
3x? More like 6x the float...I would imagine a lot of people jumping out for good over there during these spikes. CZNI is not a bad parking spot.
SEC filing is a BIG deal down here in pinkyland. It certainly seems like they have identified a very solid candidate. And if the hired Consultant has been working since April to evaluate and set up funding for the acquisition I don’t think the wait is going to be too much longer.
Also interesting is that the first couple of SEC filings came through during the same reported period that the consultant was hired (end of March/early April) and then it went quiet for months. It’s like they knew they had something and had to get to work on it. Now all of a sudden there is a flurry of filings coming through to get current - mission accomplished as of today. Coincidence? I don’t think so.
I like this progression...
From the 2019 10-K:
“We are currently evaluating various acquisition targets. Some of these propositions may be accepted by the company...”
From the 10-Q filed today...looks like those targets turned into very tangible opportunities, enough so that a consultant was hired April 1st to:
"...evaluate business acquisition opportunities and help in securing financing."
It's safe to assume that a lot of progress can be made in almost five months time, and the company sure has been working very hard to get current over the past week - with audited, SEC filings no less.
This could be big.
You mean the last needed filing which also showed a new Consultant being brought on board to "evaluate business acquisition opportunities and help in securing financing."
Consultant started work April 1st...and you have to have 'aquisition opportunities' before you can evaluate them - just sayin.
Nevada can't be far off.
Consultant in place...very nice to read.
Valid point. On the flip side - not knowing the business or industry of a merging company, and applying a 1-1 ratio for market capitalization - $10m in estimated revenue would easily achieve 1000% increase in market cap/PPS. When we can start looking at specifics and applying realistic multipliers, a 1000% increase can be achieved with much less than $10m in revenue.
The key is share structure. If outstanding shares can be kept under control, there's no telling how high this can go.
I think you're right - any time now. Once the last Q is filed, I expect Nevada to be updated and news should be relatively soon after.
Something's cooking. Aniticipation is good.
“We are currently evaluating various acquisition targets. Some of these propositions may be accepted by the company...”
From the Audited 10-K, filed with the SEC on 8/6/2020 - Link in the iBox.
Dormant OTC companies don’t get current and file audited financial statements with the SEC for no reason.
GLTA
Based on your previous predictions, this might be a stellar day.
I have a strong feeling that the company’s plan is going to be revealed a lot sooner than later. We will see.
Is that you...feeding the 36s?
A filing or announcement from the company could come at anytime. No telling how high or how fast it will run once either occurs.
Thank you for reminding us again that the CEO's other company went to 11 cents under very similar circumstances. Was that one an SEC filer too?
You might be onto something. It's pushing for sure.
This looks better and better as updates get closer and closer.
They didn’t need audited financials and SEC filings to ‘cash out debt’. I’m not even sure what that means or what being current has to do with it.
It’s a no brainer that the new accounting/auditing services and CEO compensation are most likely being paid with authorized shares. Big deal.
Didn’t see the T-trade. Was it 1.2m shares as another poster mentioned? If so; hardly worth worrying about. That seems to be just the right amount to get that last Q filed with the SEC.
Way too much effort being put in here just to ‘cash out debt’. Tomorrow won’t tell us anything. The company’s filings will.
Completely irrelevant. The company has been in existence for years in one form or another. This is now a hollowed shell - updating financial statements and filing with the SEC - audited financials.
Trade the future down here, not the past.
Plenty of day left. And...we still don't know what the filings will bring. What we do know is that the company is Pink current, intends to have all quarterly filings current with the SEC and that the CEO is a specialist in reverse mergers. And don't forget the incredible share structure.
Well whoever it is...Conrad is sure setting the table with the fancy SEC dinnerware.
This should be a very interesting afternoon.
Couldn't agree more. We're not talking about an attorney letter here.
I have a very strong feeling there is a lot more to this story...and a lot more room above. 200% might be an understatement based on CEO history.
Thank you for putting this together.
OK. But...did the CEO explicitly state that he was not going to orchestrate a reverse merger? So if the CEO hasn’t said anything at all...how can one be so completely adamant that a reverse merger will not occur? Seems odd that such statements keep being made without any knowledge...almost hypocritical.
Hasn’t the sole focus of the CEO in his roles at prior companies been to execute reverse mergers?
Time and probability will tell...
How do you know?:
I'm betting that will come in short order. Have to update the financial statements first...and we know that is being accomplished now. Like...right now.
I’m very interested to see how high this goes as well.