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You always write this same line:
What a POS this turned out to be !!
about SPZI in December when it was at
.0017
A few weeks ago you posted
What a POS this turned out to be !!
about RSPI when it was 009 now its
mid penny.
You wrote
What a POS this turned out to be !! about
ABQQ in early December when it was in the .001s
Meanwhile you gushed over BDPT in mid October about it being the best stock out here when it was .0015 its .0004 now.
You suck at this. That's not opinion. That's statistical fact.
You owe me $5K
Lucky, we are totally on the same page about Belichick. I hope he stays too, whoever they'd get to replace him most likely would flounder anyway.
And I also thought San Diego would be a great fit for him, AND that Herbert is def not a championship caliber QB, great arm but he's got a surfer brain like Spicoli from Fast Times at Ridgemont High.
Don't blame ya for writing off the quadfecta stocks as dead money. By getting out of WNFT on the crash day at 6 cents I have had some money to play with since on stocks that are not dormant tickers dependent on the whims of GS. His "it takes as long as it takes" crap - which is getting taken to the absolute extreme -- is cruel and unusual punishment on all his shareholders.
By the way that line which I turned into a horseracing punchline, is why he blocked me on the TwiX:
Q: What'd the jockey, who trotted home last, say to the thoroughbred owner, that got him fired?
A: It takes as long as it takes.
Link?
Try duhhhhhhhhhh dot com
Hey Lucky thanks for remembering my Boston sports fandom.
Its been a rough go with the Pats and Red Sox but after about 10 championships between the two since the early 2000s i still feel spoiled.
My Bruins last season reminded me of WNFT... They set the single tegukar season record for wins whilling everybody and then POOF got bounced in the 1st round of the playoffs..
This is also an article that appeared shortly before the WNFT merger fell apart.
For Lucky... i do agree eith your sugestion that if Quigley were to do business with George again on a reverse merger using Calasse-free SRNW as the vehicle would of course make the most sense.
Article excerpt pasted below appeared on MyArtBroker.com in June 2022
It just drives home how terribly costly and unfortunate the timing was of Calasse's emergence in early 2022. It totally screwed up George's plans to reverse merge an NFT company into his ticker while the iron was still hot.
# # #
WHERE WE'RE AT NOW: Q2 2022 AND THE BEAR MARKET
After experiencing a peak in sales in January and February 2022, the NFT market has seen a sharp decline in the total volume of NFT sales and the number of buyers and sellers on the market.
June 2022 in particular saw a 12-month low, with sales plummeting to $1 billion - the worst performance of the market since June 2021 (when sales were at $648 million). Data from Chainanalysis shows that while the market was worth $3 trillion in November 2021, it is now worth less than $1 trillion.
MARKET REPORTS
If in 2021 it was hard to escape the buzz surrounding the boom of the NFT market, it seems that today it is hard to escape headlines referring to the crypto slump and NFT crash.
With the market cooling down in the second quarter of 2022, the question everyone seems to be asking is: what will happen to NFTs? Were they just a temporary fad or are they here to stay?
While predictions are hard to make, in this article we take a look at what is currently happening and offer you alternative investment options if you're looking for a safer bet.
A HISTORY OF THE NFT MARKET
But first things first. While NFTs have had us addicted to Discord and Telegram groups, impatiently awaiting the next record sale or ground-breaking project, it may be worth brushing up on our crypto-knowledge.
An NFT is a Non Fungible Token, a unique, digital-only asset that has a set of distinctive characteristics that make it unlike any other asset. This means that, unlike Fungible tokens like cash, bonds or shares of a company, Non-fungible tokens cannot be exchanged or traded for an equivalent token.
NFTs are stored on a blockchain, a digital ledger that allows keeping track of sales, and are sold in cryptocurrencies - Ethereum or Solana being the most common. Their presence on the blockchain entails that NFTs are easily traceable and provenance and authenticity are more easily ascertained - two thorny issues that haunt the business of auction houses.
Some other characteristics that make NFTs different to other alternative assets like art are that they offer the possibility of fractional ownership, meaning you can buy even just a portion of an NFT, and that they can also work as entry tickets to exclusive members-only events.
?Image © Christie's / Everydays: The First 5000 Days © Beeple, 2021
First appearing on the international scene in the mid-2010s, NFTs gathered momentum in 2017, when the online video game CryptoKitties allowed users to collect, “breed” and buy virtual cartoon cats with cryptocurrency. After CryptoKitties, Christie's sale of Beeple's Everydays: The First 5000 Days for $69.3million catalysed the art world's attention to the metaverse, prompting innumerable debates around the authority of digital art.
However, it was only in 2021 that the market for NFTs properly exploded. Through projects like Bored Ape Yacht Club or Crypto Punks, NFTs took over the world, leading established auction houses and galleries like Sotheby's and Pace to open their own digital NFT marketplaces. Soon, celebrities and artists of the calibre of Jeff Koons, Takashi Murakami, Paris Hilton and Bella Hadid had joined the ranks of crypto-enthusiasts and launched their own NFT projects.
WHERE WE'RE AT NOW: Q2 2022 AND THE BEAR MARKET
After experiencing a peak in sales in January and February 2022, the NFT market has seen a sharp decline in the total volume of NFT sales and the number of buyers and sellers on the market.
June 2022 in particular saw a 12-month low, with sales plummeting to $1 billion - the worst performance of the market since June 2021 (when sales were at $648 million). Data from Chainanalysis shows that while the market was worth $3 trillion in November 2021, it is now worth less than $1 trillion.
In the second quarter of 2022, things got even worse. A recent Q2 market report published by Non Fungible shows that since Q1 2022, the volume of sales is down 20.05%, from 12,639,781 to 10,105967. The number of sellers is down 35.88% and the number of buyers saw a decrease of 25.41%.
Even more strikingly, the total profit at resell went down 46%, from $3,502,706,752 to $1,888,762, 534, a drop of almost 50%. The main metric to have increased in the last three months has been the Average Duration of Ownership, which has increased by 55%.
The total number of sales remains equal between the primary and the secondary markets, although the total number of sales in US dollars is remarkably higher in the secondary market, which accounts for almost 80% of the total sales of Q2 2022.
This data suggests that collectors are currently not interested in taking great risks when investing in new and upcoming projects surfacing on NFT platforms, and prefer to trade in the secondary market, where prices remain higher.
Hey Lucky
I know we've gone far past the big crash of WNFT on July 8, 2022. A blood red Friday for me, and many others. (Wish I could erase it from memory, but I will never forget the date.)
And yes that was preceded by George tweeting that WNFT had reached "the Promised Land." When pressed later he confirmed that he meant only the promise of a forward split had been fulfilled and nothing more. Very misleading for everyone who believed it meant a reverse merger had been achieved.
Then he let us know the RM was off, and the targeted company had backed out due partly to what had become, over the preceding six months (while George sparred with Calasse) increasingly poor OTC market conditions for an NFT company.
I see you questioned whether that was actually true in June/July of 2022 but in fact GOFF /WNFT missed the optimal window for the reverse merger which would have been January 2022.
As you can see in this article.
https://www.theguardian.com/technology/2022/may/06/nfts-rush-decline-jack-dorsey-tweet
The NDA that George had with the targeted company forbade him from revealing the company name to us.
But yes i do believe Quigley was the kne who got cold feet. The same guy who seems to be re-enthused about crypto and blockchains market prospects now two years later in 2024.
My fascination with how the Sharp tickers saga will end keeps me checking in here, from time to time, even though i no longer have any stake in the game.
Hey Batman Its the Green Eyed ABQQ Wooden Dragon
I breathe fire and you just got BURNED.
- Bad choice of which stock to trash in a sea of red tickers on Jan. 2
- Bad choice of how to spend the first two days of the new year 55 posts on a stock you dont own
- Bad bet
You LOSE
Ahahaha!
###
Batman412
Re: None
Sunday, 12/31/2023 6:40:35 PM
100 bucks abqq finishes red Tuesday anyone wanna take the bet
Batman412
Re: None
Sunday, 12/31/2023 7:05:27 PM
I see no one wants to take that bet
Batman412
Re: None
Sunday, 12/31/2023 7:52:38 PM
No one wants to take 100 bet it finishes red Tuesday
Batman412
Re: Hercules1 post# 14383
Sunday, 12/31/2023 8:10:01 PM
Make the bet if you’re not a coward 100 buck should be nothing to a baller like you
Re: Batman412 post# 14373
(Batman412
Re: None
Sunday, 12/31/2023 7:05:27 PM
I see no one wants to take that bet)
Tyrus603
Sunday, 12/31/2023 7:06:51 PM
Let's make it $5K and youre on.
Only the idiots sold on Friday.
Green finish
Well then it was another bad day for you.
Two days actually.
55 posts about a stock you don't own.
Ranting nonstop vs the only penny stock on the market whose ceo has purchased $280K worth of shares since Oct. and who will be buying more.
Doesnt get more time wasting pathetic than that.
Another day of shareholders who think the stock will continue climbing replacing sellers who think it'll go down. Or who already made enough profit to be satisfied.
4 percent green. In a market with very slim pickins.
Good day.
And oh yeah you owe me $5,000.
Who is quoted in this article? Anyone we know? Is the market finally right in 2024 to go public?
It appears the answer is now Yes.
https://beincrypto.com/goldman-sachs-predicts-digital-assets/
Let's make it $5K and youre on.
Only the idiots sold on Friday.
Just checking your recent posts Batman... I see you sold on Friday I see...
Into the bid on New Year's slump day, really? Oh ma,
Hey, sympathies. We've all made trading mistakes.
How about we get you a Batman lunchbox?
Would that make next week hurt less?
Because he DID it with TSNP.
Yes, the HUMBL share price and the company went to shit after the ride, but so what?
The question is, Can you reverse merge a real company into a shell?
Done.
Ask the traders who profited hugely off that. Several became millionaires off it.
That IS the allure here.
Sharp's stubbornness cost him/us any chance to continue negotiating to possibly defuse Calasse.
The same stubbornness refuses to let him quit on his three tickers.
Even though it is taking a lifetime to get merger #2 done.
IGlow and every other critic obsessed with bashing Sharp have done shit else in their own lives except chirp on dumbass social media.
And by the way, this sentence -- "He's recouped the money he's spent on the shells many times over with shares he's issued himself and his associates" -- . explains zero in the way of, How Has Sharp not lost money but PROFITED from owning his shells?
Because he hasn't.
You could issue yourself a title in the Kingdom of Empty Shells - "I am the DUKE OF IHUB." I hereby bestow on ME 450 million shares.
WTF does that get you?? Moneywise? Your shares are worthless. You still own a shell.
UNLESS you can point out to me where Sharp has filed an SEC Form4 stating when and how many shares he's sold in one of his shells and for how much $ money that is just a bullshit, insane, conspiracy theory non-argument.
If there are no more mergers, Sharp LOSES whatever he has invested.
I'll make it easy for you.
Click on the first three links -- you will see NOTHING in the way of Sharp profiting off his tickers.
http://openinsider.com/search?q=gvsi
http://openinsider.com/search?q=srnw
http://openinsider.com/search?q=wnft
Now click on this one:
http://openinsider.com/search?q=meta
Now THAT weasel is someone folks should be focusing their animosity on.
Good job venting on Sharp.
Not a huge fan of his misleading "Promised Land" tweet either.
Or lack of a sense of humor.
He has spent a shit ton of money on setting up his tickers for reverse mergers that have not yet happened. That's a fact.
Despite iGlows insane theories, Sharp has only lost money on his Quixotic pursuit to date.
Doesn't mean he won't succeed with at least one of em eventually.
As far as disproving that the WORLDWIDE Asset Exchange was about to merge into WORLDWIDE NFT, no one has.
Disproven it.
To this day.
And what an asinine argument citing the 15c as "proof" no merger was going to happen
That is a last stage filing when a for sure RM is being finalized that costs about $20K charged to the custodian. You're not going to take that step til all the Is are dotted and Ts crossed. And certainly not after you find out your target got cold feet because of your legal fight with a former shareholder while time passes and the overall OTC market conditions for your company tank.
The 15c argument is disingenuous BS.
One line bothered you THIS much? Ahahaha
NICE
By the way, fact: William Quigley has a really nice home, and home office in Miami.
That is all...
Not in the sharp cult. Own no shares in the three. Blocked by Sharp on twitter.
Enjoy!
No pump. Fact. Sharp had lined up WAX to take over the WNFT shell.
Sharp quoted William Quigley, the WAX ceo, extensively and verbatim for months on the subject of NFTs.
Quigley made numerous statements indicating he wished to take WAX public. But not by traditional means.
I.E. an IPO .
Calasse messed it up.
Quigley backed out.
What bothers iglow is that, were it not for Calasse's emergence in early 2022, -- pure luck on the part of iglow and Sharp's other major critics, worst of luck for shareholders like myself -- Sharp would have thoroughly kicked the ass of every one of his bashers with a stampede for WNFT shares and best reverse merger since TSNP.
The reason IG brings my name up again here is that he knows this.
And that I was/am right.
You mean you didnt buy ANY shares Friday?
After all that hard bashing work you did to get the price down a few ticks?
Effort totally wasted?
What a shame! Best price you coulda gotten. Thought you said you're a "crowfessional?"
And you STILL haven't answered the question:
Q: For any poster claiming ABQQ is a typical penny stock "dilution scam":
What is the "angle" that you believe the ABQQ ceo is "working" by buying back $280K in cash worth of stock, and pledging to keep buying hundreds of millions more ABQQ shares on the open market?
Can't answer it? Then get lost.
Bring it Wash Post NYT, et al! Bring us ALL that Taylor Swift in China news!
(headline)
"IN CHINA FANS ARE LINING UP FOR THE TAYLOR SWIFT ERAS MOVIE"
https://www.washingtonpost.com/world/2023/12/30/taylor-swift-china-eras-tour/
(excerpt)
"Since the announcement the film would come to China, social messaging platform WeChat has been flooded with groups in different cities devoted to strategizing about how to band together to buy tickets before they sell out.
"Klyn Zhu, a 23-year-old who works for her family’s business in Jinan, the capital of the smoggy northeastern province of Shandong, told friends that she’d plan a viewing party at a local theater. Word got out, and her phone lit up — more than 1,500 people have been in touch, wanting to be part of the group."
Tesla stock "not lookin good" today
Last day of the year, red everywhere. Big surprise.
I worked with a regionally famous radio personality about 20 years ago, a lontgime alcoholic who was then about 15 years sober. Asked him, do you miss drinking on New Years Eve?
No, he said "New Years Eve drinkin is Amateur Hour."
Like bashin stocks on Dec 31.
About $20K worth of volume today. One bored seller hammered the bid.
Needed drug money to parlay one bad decision on top of another.
When SEC window for insider buys reopens for Mr. Deng next week he'll have another $1.5 Million in distribution revenue for $ABQQ from the first week of the Taylor Swift Concert movie launch in China to work with... enough to buy another 500M shares.
Bashers workin extra hard for few drop ticks before three straight days New Years weekend reports hit us on China's new all time box office records.
For three days straight while no one can buy a share til Tuesday.
Got my popcorn and my tickets. See ya next year.
Professional clown?
How's Sonx doin for ya?
What is the "angle" that you believe the ABQQ ceo is "working" by buying back $280K in cash worth of stock, and pledging to keep buying hundreds of millions more ABQQ shares on the open market?
Answer the question or get lost.
Serious question for those bashing the stock on the regular:
What is the "angle" that you believe the ABQQ ceo is "working" by buying back $280K in cash worth of stock, and pledging to keep buying hundreds of millions more ABQQ shares on the open market?
You guys are obviously touting yourselves as the smartest people in the room, educate us... What's your answer?
Chinese govt just gave Taylor Swift's concert movie a 5-Star Rave Review
"The Global Times," China's leadership's state run publication isn't quite making it mandatory for their citizens to attend the Taylor Swift concert movie, but this high praise and publicity will only help boost ticket sales no doubt.
# # #
Communist China Praises Left-Wing Pop Star Taylor Swift's ‘Spectacular’ Concert Movie: Captures Her ‘Unique Appeal’
Taylor Swift’s Eras Tour concert movie should inspire Chinese musicians to produce similar content at a higher quality, the state-run Chinese outlet Global Times urged on Wednesday, effusively praising the leftist singer’s “unique appeal” and “unquestionable influence.”
... the Global Times‘ celebration of Taylor Swift is an outlier in Chinese state media. The newspaper noted that Swift’s concert film “has quickly swept the Chinese film market by breaking 20 million yuan ($ 2.80 million) as of Wednesday afternoon” and suggested Chinese artists should learn from Swift.
Swift’s Eras Tour is arriving in Chinese cinemas on Sunday, a rare Western production that the Communist Party has deemed appropriate for a Chinese audience. The Chinese communist dictatorship closely gatekeeps which American movies are allowed in Chinese cinemas and the Global Times often mocks or denigrates Hollywood films once they arrive in front of Chinese audiences, as it did with the Little Mermaid and the latest installation in the Indiana Jones film franchise. Both posted dismal sales in the Chinese box office.
In contrast, the Global Times and similar government propaganda outlets enthusiastically urge audiences to support lower-quality Chinese-made movies, especially if they are communist propaganda pieces or shameless copies of American films. The most prominent of these films in 2023 is the military action movie Born to Fly, a transparent imitation of Top Gun delayed from cinemas due to embarrassingly poor special effects.
In this context, the Global Times‘ celebration of Taylor Swift is an outlier in Chinese state media. The newspaper noted that Swift’s concern film “has quickly swept the Chinese film market by breaking 20 million yuan ($ 2.80 million) as of Wednesday afternoon” and suggested Chinese artists should learn from Swift.
“Despite being shorter than the actual concert’s average duration of 3.5 hours, the film still fully captures the essence of the live performance,” the Global Times praised. “Taylor Swift’s unique appeal makes replicating the success of the Eras Tour challenging. Successful concert films hinge on two main factors: the artist’s international recognition and distinctive contemporary popularity.”
“Taylor Swift’s unquestionable influence, with over 200 million record sales globally and being Spotify’s most-streamed female artist, contributes to her brand advantage and convincing star power,” the review continued. “Additionally, high production standards and visually appealing creativity are essential for concert films. In the Eras Tour, Taylor Swift crafted spectacular scenes reminiscent of Broadway musicals, aiming for uniqueness in everything from costume to performance.”
“Described by Western media as one of the most ambitious productions of the 21st century,” it added.
“Taylor Swift’s distinctiveness, coupled with her concert film’s success, comes at the perfect time with the New Year holiday approaching, creating a mutually reinforcing achievement,” the article concluded, effectively advertising her product.
https://pipanews.com/communist-china-praises-pop-star-taylor-swifts-glasses-concert-film-retains-her-unique-appeal/
The ceo of WAX lives in Miami.
Thanks Strukture. Could we do some further math speculation on this?
Piggybacking on your findings, regarding the TS Eras Concert movie showings in China:
"11% of 75% of box office receipts rough calculation - not including the Taxes from the Chinese govt"
That works out to eight cents ($.0.08) of every dollar does it not?
$1.00 × .75 = .75
.75 x .11 = .08
If the Chinese government swipes 20 percent of the 75 percent, (hope I'm overestimating there)
that'd still give ABQQ five cents on the dollar. Would you say this is correct?
1.4 Billion people in China..
690M females..
if one in every 100 Chinese citizens go see the Taylor Swift movie, paying about $20 each (I've read conflicting reports on how much Chinese theaters charge for movies vs. how much TS people and IMAX insist on getting for a "special event" concert movie in 2D or IMAX so im arbitrarily going with $20 here)
140 million × $20 =$280M
$280M × .05 = $14M for ABQQ
$14M to spend on further share buybacks..
Plenty of ammo for Mr. Deng to follow through on the buybacks mission.
Stratosphetic possibilities if he does!
Here comes the volume ... 60M in first hour
Winstock you may have not seen previous posts regarding $ABQQ's involvement in the Taylor Swift concert movie.
According to ABQQ's ceo
Ali Baba obtained the advertising and marketing rights to the film while ABQQ is part of the distribution team officially approved by the CFG the Chinese government agency that oversees the movie house business inside China and has final say about what can be shown in 7,000 2D movie cinemas and about 785 IMAX theaters in China.
According to tweeted 1-on-1 text conversations between an ABQQ investor and Mr. Deng, ABQQ is in line to receive 11 percent of the distribution team's/ government's share of the overall box office take after Taylor gets 25 percent off the top (capped there in China) and AliBaba/marketing gets its share.
Deng confirmed ABQQ will get about .60 cents per 2D movie ticket sold and 90 cents per IMAX view.
So not 11 percent of whatever overall box office take figure you see reported, but still -- with a population of 1.4 Billion Chinese, 690 Million being female (and probably 50 million of them being TS fans), at about 75 cents per 2D/IMAX view it is potentially a hugely significant cash injection for ABQQ.
My thought on the impact on share price is even before the ceo continues with share buybacks in 2024, the company could soon be in a position where it has in-hand the cash equivalency of five or six times its $4M market cap at .003
In other words, more than enough cash for Mr. Deng to actually execute his awowed mission of continuing to buy back, reducing ABQQs outstanding shares to 250M.
One in the same!
"The Chinese Horoscope 2024 reveals that the Year of the Dragon, specifically the Wood Dragon year, will bring authority, prosperity, and good fortune."
$ABQQ
Taylor Swift $.01989
What year is it in China again?
https://twitter.com/tyrus603/status/1740122822372950286?t=9T1lUbag6vguVcHsqVRhQg&s=19
"None shall pass!" .003?
Oh, i DO think we will pass good Sir... I most Certainly DO think we shall...
Ya see, we have the "X"factor on our side...
We're with Taylor.
If not today tomorrow.
Or should we call him the Black Knight of TrendTradeLand?
Suddenly apears The Black Knight from Monty Python on Level II demanding $20K for 7M shares at .0029
Well get ready to have those share legs cut out from under ya Sir!
"X" marks the spot ... from where ABQQ took off
Mark it down: 12/27/23
Started the day in the low .002s
Between Elon's new Icon,
ABQQs CEOs positive actions and tweets, and Taylor Swift takin us into 2024...
Let's launch this f#/$&in Rocket!!
Profitability.
In a word. Not NYSE level profitability yet. But not losing money.
A "200 percent increase in revenues" over last year's $238K last quarter = about $700K x four quarters is $2.8M in revenue added to the Taylor $ and factoring in a billion shares+ buyback = more than a one cent damn stock.
You know THIS might be a strange big picture 2024 take for you...but i saw that new $ABQQ tweet at almost the same moment that i realized that - for the 1st time since I have had Twitter on my phone for 20 years -- TODAY was the day i witnessed the blue Twitter bird flip to Elon's new black "X" Icon on my phone screen. It just happened on the cusp of 2024.
I thought i wouldnt like it.
But you know what? As an investor in an OTC that's been stuck in the doldrums fir two years I DO like it.
It's Bold it's BULLISH and i think it's goibg to flip a switch and cause a bull run on shares on the New Year.
I'm viewing the $ABQQ as a bullish sign too.
Thanks for this Struk.
More irons in the fire is certainly adding to the positives over overview of ABQQ.
What i do like most about the Taylor Swift revenue boost is its high potential for an immediately enhanced cash reserve for the company, which I am trusting Mr. Deng -- more and more -- to use a good percentage of, at least (a couple more million $?) to fuel his share buybacks mission of getting ABQQ to NYSE listing worthiness.
Do any of us actually believe we will see ABQQ trading in dollars anytime soon or in our lifetimes? Im looking around the room and i see no one raising their hand confidently in the air. I too am a skeptic.
And yet. you show the world that you are truly a FULLY committed ceo, one who might even be described as maniacal, about such a mission, one who is not pocketing cash but spending it on buybacks?
You can buy a billion shares with either the $10M line of credit OR the Taylor money that's about to flow here -- EASILY i would propose to you. Mr. Deng will have the power to do exactly what he said he is going to do IN HIS HANDS.
And yet you doubt it, I doubt it, we DARE him to prove us all wrong. Why? Because it's the OTC. Because life experience.
Because we EXPECT to get burned by unscrupulous ceos.
But what if....? That's the thought that goes through your mind... What if he even comes CLOSE, as in 5 cents or 10 cents or .25.
THAT potentiality is really what is keeping so many eyes glued to the stock.
Because more and more folks are realizing this Deng dude might just be crazy obsessed enough to wield all that cash like a LIGHT SABER to slay all those cheap ABQQ shares...And IF he does them shares are gonna EVAPORATE like some George Lucas CGI.
Which reminds me of a famous saying by another guy who didnt quite speak perfect English...
# # #
“DO or do not, there is no try”
(Often-quoted line attributed to Yoda in the Star Wars franchise. It comes from the 1980 movie The Empire Strikes Back, when Yoda trains Luke Skywalker in the ways of the Jedi and urges him to take action rather than simply attempting something with a half-hearted effort.)
The SEC in 2023 enhanced the transparency requirements on the part of corporations to force them all into filing more detailed and up to date public information on their insider share purchases..
I have now read through explanations of the new rules as posted online by three reputable financial lawfirms who attempt to spell out the rules -- and i am still finding it difficult to understand everything I'm reading.
However one rules paragraph in particular, (pasted below) pertaining to the SEC filing due for this quarter beginning Oct. 1, 2023 and ending on Dec 31st, stood out and it dawned on me that what the ABQQ ceo is basically telling us in that tweet is they are, with the help of their accountants, abiding by the new SEC reporting rules requiring them to be VERY specific about every share purchased and at exactly what price and "for what purpose" to be included in their final filing for this quarter, so that if they had continued insider buying THIS week it would have necessitated them delaying the filing until after the latest buys were detailed and accounted for. So they pause from buying until after Dec. 31 in order to make sure the accountants and legal persons know they have firm and accurate numbers in the official filing covering through year's end on Sunday.
My take on the ABQQ tweet. Again I like what I am hearing from Mr. Deng quite a bit. The frequency of the communication is top notch, for me. Even if it is unfiltered not perfect English.
# # #
from DLA PIPER website (link below is to DLAP's full new SEC insider trading rules explanation that this paragraph was excerpted from)
"Compliance dates
Corporate issuers reporting on domestic forms must include the Daily Repurchase Data as an exhibit to, and provide the necessary narrative disclosure in, their Forms 10-Q and 10-K, beginning with the first filing that covers the first full fiscal quarter that begins on or after October 1, 2023. For calendar-year companies, this means the fourth quarter of 2023 must be included in the 2023 Form 10-K filed in 2024."
https://www.dlapiper.com/en/insights/publications/2023/05/sec-increases-disclosure-requirements-for-issuer-equity-repurchases
Not expecting much upward price movement for the next few days now as it's clear dumber traders are exiting so the absolute sharks can swoop in and steal these super valuable shares that the impatient and disbelieving (in the CEO) holders are shedding unwisely here. It's just the natural ebb and flow at this point,
But yes this is still a soon to be $.01+ $.05+ $.10+++ stock in 2024
I do get it, the selling of something short that you don't believe in. But it's usually born of ignorance and impatience and following majority think. It is not well reasoned thinking for yourself.
I am guilty of it too all the time in sports fandom and betting.
Just this weekend no way did I think Zappe and the Patriots could go into Denver and beat the Broncos.
No way did I think the Raiders could go into Kansas City and knock off the Chiefs. And no way
did I think the Ravens would go into San Fran and not just beat but crush the 49ers.
And you know what? It didn't matter what my 'groupthink" ignorant ass thought, or how I bet those games, because while I was busy selling those three teams short -- including my own Patriots who I have been a fan of since 1967 -- the players and coaches on those teams had shown me nothing but that they WERE and ARE good enough and dedicated and hungry enough to do exactly what they did on Sunday and Monday.
It was ME who forgot the obvious potential and disrespected the hunger and effort that was plain to see leading into those games.
It was me who saw the dedication and hunger and abilities and evidence of a winning mentality of Lamar Jackson, Zappe and Belichick and the Raiders new coach and that defense. And yet dismissed all of that, baselessly, as if their losses were pre-ordained.
Just as folks are doing now with the ABQQ management here,
The ABQQ ceo Deng has bought back almost $300K in shares with cash, he pledged no Reverse Split. He pledged to defer his ceo salary (what ceo do you know of having EVER done that?) He sold off non-core ABQQ assets to fund more buybacks of shares. And he is only taking a few days off from buybacks to do his SEC filing duty. And the taylor swift thing is happening a couple days from now.
So you don't believe, it's groupthink momentum, you sell, you regret it. I get it. I know exactly how that can happen we've all done it.
But yeah facts: it's also still major effin dumb.
Bring on 2024! I'm ready!