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Is that a lot? LOL. I wonder if that means we will soon understand via news and filings why Class B holders felt their shares should be worth .005 as commons?
Did you see the part where they feel their class B shares are worth .005 as commons? Very interesting
AS increases like this in this situation are to prevent a takeover and maintain control.
IT IS OUTSTANDING NEWS!!!!
this is why they gave 62% of shares to them!
This means they are getting it together and WILL put something real and fantastic in here.
EPIC RUN AWAITS
Where there’s a 400mil bid, there’s fire, you can take that to the bank and put it in your pipe and smoke it.
Fat Albert in prison on rape
Do you think they have any interest in making money on this? LOL
Bitcoin would be epic. I just heard a radio financial report about how every millionaire in the near future will want his own Bitcoin.
Gotta feeling this is gonna rise like OPTeeee. All these otcs exploding these days, no reason why a ceo with the credentials this guy has can’t do the same thing. Bada bing bada boom
ENZ? had a spike just like it
Look at ENZ? in July, similar chart/ trading action, could run big on right news
The form 3 is only for dumping 716,000 shares of converted commons out of his series B stack. Here’s from the first 8k:
On October 9, 2020, the Company’s current Chief Executive Officer, Sunandan Ray, converted 30,000 shares of Series B Preferred Stock into an aggregate of 196,394,100 shares of the Company’s common stock.
Looks like he’s got a way to go
That’s not what I’m saying, joking about the Maxes, and the good news is a major US airline just ordered 100 new ones with the fix built-in, but on a half serious note, does anyone know what their fleet consists of, any old Maxes with the control issue?
Based on these numbers I calculate intrinsic value to be $0.00179638 or lower per share depending on whether or not they own any Boeing 737 Maxes that haven’t been converted into being cape able of staying in the air without crashing
Right here: The 3a Note matures on October 6, 2021 (the “Maturity Date”) and is convertible at any time.
I got this from the 2nd paragraph under FINANCING
I do not have a Law Degree, and I therefore interpret this to mean they can convert at any time.
Is there some special Law School code in which “convertible at anytime”=“not for 6 months?”
Because it does not specify if it is convertible before or after the maturity date, we have to assume that anytime means any time.
LA traffic and taxes. Should be a model of efficiency. Looks real easy for trucks to get in and out of too with it only being about 10 miles off the 605 and several turns in residential areas.
Point is, they’ve done it before, they are in the system and will do it again https://www.sohm.com/2020/09/11/sohm-inc-announce-interim-shareholder-update/
Yeah see They’re all listed LOL
Wrong. Those are all active
So now we know they’re good with the FDA, it’s only a matter of formality to get the filings done
Very legit: FDA LINK https://fda.report/Company/Sohm-Inc
All he has to do is dump those 196mil+ shares at .08 and he walks away with $15,000,000, not a bad payday by any means for a shell, but where does that leave the new buyers? This is why I say a reverse split is highly likely, especially if they want a higher exchange.
All I’m saying is be prepared for reality here. It didn’t fly to a dollar for a reason. You might be hitting this whole air transport thing at the right time, now that the WHO has basically said Trump was right all along and that shutting down the World economy was serious overkill. But this one is probably not a 10 bagger at these prices. It might be a long term double, but people are going to have to be prepared for the ups and downs over the course of a few years.
A good election play is BUY airline CALLS, and to short big tech. Twitter and Facebook have a high chance of being broken up.
From the 8k: On October 9, 2020, the Company’s current Chief Executive Officer, Sunandan Ray, converted 30,000 shares of Series B Preferred Stock into an aggregate of 196,394,100 shares of the Company’s common stock.
30k preferred gets dumped as 196,394,100?
This is the dilution I’m talking about. How much more is out there? This thing should have hit $1 on Friday if everything was on the level, but like I said, something just isn’t right.
A failed Asian airline is merging with a failed US Submarine company, seriously it doesn’t get much funnier
All the major airlines have been running cargo, almost exclusively since this bs “pandemic.” So don’t make the mistake of thinking they are tapping a new market. Amazon also already has its own fleet of jets. There is also Fed Ex and UPS and a number of other cargo haulers. Go over the balance sheets on this one with a fine tooth comb before you blindly buy in. Something isn’t quite right here, but that never stopped a great pump
I
And this IS what they haul
Bet on the Jockey not the Horse. The new CEO is top notch, the only reason I’m here. He won’t let this go to sheeeet.
Do they give out the water temps on these flights? It’s nice to know, because you have a higher than average chance of landing in it
My big problem is I know too much about the airlines, way way way too much. Over the weekend for those of you doing dd, look up Bob Crandall former CEO of AA, and read about his legendary cost cutting measures. There was a reason for it, wasn’t just because he’s a cheap bastard.
Or troops, which direction and whose Army is still up in the air, depending on whether or not that Mayor Joe guy from Red Dawn gets “elected.”
They’re gonna have to pay it back, well the consumer is after this is over...but who knows, this could run to a buck or two
Check this out!
Airlines are headed for multiple chapter 7s, but at a few pennies you might get a nice one or two day pop.
I read it. I suggest that you read it also, because a final ruling has not been issued. Once it has been issued, companies will have 60 days to get the process of becoming current started. Then they have another 9 months to actually achieve compliance. Because there HAS BEEN NO RULING, the 60 days has not even started yet. Some companies are getting ahead of the curve, which is a good idea. Everyone would like to see that in any stock they own, but as of now, they are at least 11 months away from these changes IF the ruling came today.
Not true. First there has to be a final ruling. After that, they will be given 60 days to get the process started. Then they will have 9 more months to get current.
Lots of good talk about this CEO. Someone said he’s a turnaround specialist that takes stocks out of trips and runs them into copperland. Personally I like the sound of that. And as they say in racing at the track, “Bet on the Jockey, not the Horse.”
Yes. And thank you for this pick. This one makes a lot of sense to me as well as many others. In addition to the catalyst, current events are forcing drug manufacturing out of China, so it’s in line with a trend that anyone can google. Also, I like the India connection here, they are a great ally, and as immigrants they have thrived in the United States.
Smilin-B, I once saw you in on a stock that I absolutely could not comprehend how or why it would ever run. A few months later I looked at it and my jaw dropped. High trips to over .02. Amazing call. So, my message to everyone here is simple, if Smilin B is in a ticker, and you can’t figure out how it will ever move, then there is probably something you don’t know.
This is actually great news! It means they will have to get current soon!
. Requiring to be current and publicly available certain specified documents and information regarding OTC issuers that a broker-dealer or qualified IDQS must obtain and review for the broker-dealer to commence a quoted market in an OTC issuer’s security (“information review requirement”);