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Could be, but I am holding. Strong pullbacks are often a precursor to major breakouts!
I'm with TDA and had no candles on charts and incorrect totals on KRBFD all day.
I see a double bottom and a new Ticker! Go $KRBFD!
Here is an example from OTC site that is similar.
https://www.otcmarkets.com/stock/SELTD/news/Pillar-Marketing-Group-Inc-Announces-Acquisition-Purchase-of-Controlling-interest-in-Select-TV-Solutions-Inc-Changing-th?id=246548
Was $SELT until a day or so ago now $SELTD for 20 days in this case.
note the page is like a tenplate with huge share price.
Edit: forgot to mention this is 1:2000 Reverse split.
That sounds right to me Big. All the paperwork must be correct and then perhaps a ticker change and R/S at the same time.
Thanks CLK! Also news is always good.
Might be good to read about Jesse Livermore. He believed that he was rewarded for patiently waiting more so than research and trading. (But I feel your pain, been here over a year}
When did the intro page change? is this done by a moderator of this board?
I agree JB, The Hong Kong situation could be a factor also. And the 235K float will be spectacular.
They were late in April filing by about 2 weeks but all the other filings were on time AFAIK. Could be the OTC at this point but who knows?
And many of my indicators say the same.
Perhaps the R/S and ticker name change happen together? Like watching paint dry. Maybe soon!
Thanks for info, certainly worth a watch. Both sides are posturing ahead of talks. Real interesting times ahead!
Good to here Stooges! Lots of patience on this board, should see R/S
happen real soon. the paperwork hinted at August and now September is almost gone.
Somebody wants in cheap, they procrastinated and now its crunch time!
Your absolutely right, when the stock websites actually put KRBF on the web for larger players to see, the sky is the limit! Just a few more days and we will start seeing the real excitement.
Knew this would be a unique penny stock. I'm not giving any shares away either, this is the real deal and time is getting short!
2 weeks the float will be 236,000 shares!
The CEO is getting his ducks all in a row. Just my opinion. It would have been relatively simple to post a nonsense website or other web tricks to entice investors, but there is nothing I can find. I'm holding waiting for big news.
Good info regarding Reverse Split on Investopedia.
https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp
and these excerpts,
"A split might also be done to boost the company's image if the stock price has dropped dramatically. If the stock is trading in the single digits, it is likely to be considered a risky investment, particularly if the price is near $1 or considered a penny stock by investors. A reverse split might be engineered by a company to protect it's brand's image by trying to avoid the penny stock label. There is a negative stigma attached to penny stocks traded only over the counter."
KRBF has always been single digits under our new CEO.
and
"A reverse split that sends the stock higher might draw more attention from analysts. Higher-priced stocks attract more attention from market analysts, and a favorable view from analysts is excellent marketing for the company."
Could draw BIG MONEY to this ticker. (I have had a hard time on most trading sites finding any info since last September. Most info was about the old entity 2007-2008)
and this
"However, a reverse split can be beneficial to a company by boosting its stock price to a level that enables it to transition from a penny stock traded over the counter to a stock listed on a major exchange. Such a transition attracts the interest of more investors"
In my mind we are only waiting for the R/M news to get lots of attention here.
No debt here, no hype from management and many reasons to catapult to upper market trading. Not the usual grab and go as seen on OTC.
Yeah JB, I think we're just shifting gears. Will be a rough ride foe a little while but we knew that. Couldn't be more exciting! Nothing like this on the OTC before. We are still expecting R/M news by October I believe.
ABVN is up 71% today
I hadn't known before your post but 2 of the players on the 8K you posted are named "Wong" also. Some talk here before was that Wai Lim Wong decided to go with this ticker over ABVN and we thought it was because of the tax benefits this ticker has. (40 million holdover I think). But possibly ABVN was to help family friends?
As JB would probably say, I concur!
ABVN reduced number of shares from 90,000,000 to 1,000 per shareholder listed if I read that right. Much easier to handle I would assume. Each of them still owns same percentage (at that time anyway)as before. Wai Lim Wong is no longer CEO of that ticker AFAIK
Also this would open up trading in larger market than penny stock
which makes sense. As others have mentioned before the intent of this R/M is too large for the OTC.
"Kreido Biofuel, Inc.’s Common Stock trades as a “penny stock” classification which limits the liquidity for Kreido Biofuel, Inc.’s Common Stock."
Kreido Biofuel, Inc.’s stock is subject to “penny stock” rules as defined in Rule 3a51-1, promulgated pursuant to the Securities Exchange Act of 1934, as amended. The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Kreido Biofuel, Inc.’s common stock is subject to these penny stock rules. Transaction costs associated with purchase and sale of penny stocks are likely to be higher than those for other securities. Penny stocks generally are equity securities with a price of less than U.S. $5.00 (other than securities registered on certain securities exchange or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).
As a result, all brokers or dealers involved in a transaction in which Kreido Biofuel, Inc.’s shares are sold to any buyer, other than an established customer or “accredited investor,” must make a special written determination. These Exchange Act rules may limit the ability or willingness of brokers and other market participants to make a market in our shares and may limit the ability of Kreido Biofuel, Inc.’s stockholders to sell in the secondary market, through brokers, dealers or otherwise. Kreido Biofuel, Inc. also understands that many brokerage firms will discourage their customers from trading in shares falling within the “penny stock” definition due to the added regulatory and disclosure burdens imposed by these Exchange Act rules. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the common shares in the United States and stockholders may find it more difficult to sell their shares. An orderly market is not assured or implied as to Kreido Biofuel, Inc.’s
It looks to me that this is consolidating the shares to make for a lean mean start. As stated under "Purpose"
The Board of Directors believed that it was in the best interests of Kreido Biofuels, Inc. to implement a Reverse Split on the basis that the high number of issued and outstanding shares of common stock of Kreido Biofuels, Inc. would likely not appeal to brokerage firms and that when trading, the current projected per share price level of our Common Stock will reduce the effective marketability of our Common Stock because of the reluctance of many brokerage firms to recommend stock to their clients or to act as market-makers for issuers which have an excessive number of shares of common stock issued and outstanding.
Like warriors aboard the Trojan horse, everyone deftly waits for the next signal.
Opportunity knocks quietly sometimes!
Thanks moderators! Grand entrance for a triple R/M!
PennyStalker01 may be holding and busy, Thx CC3
Can a moderator remove the old Evergreen sticky? The others are much more current for what is happening lately.
Your job Jim, if you choose to accept it, is to own and hold enough KRBF to lock up the float.(as tape recorder starts belching smoke...)
I'm on my 3rd fifth watching this one (bankers joke). but seriously, in my opinion there is very often technical confirmation at "ironically" about the same time that news hits on the movers that I've studied in the past. I think we are getting real close. We don't want to lose our nerve now. All hell is about to break loose!
"Patience Grasshopper", Master Po said.
We are right here with ya JB! This is looking good in every way. Thanks for the extra encouragement all along. and everyone on this board too! Lots of positive energy here!
Barchart rates KRBF 88% buy based on 13 criteria upgraded from 56% last month! Hoping for news on R/M this week! Mant other chart websitss are not aware of this gem yet. Just wait till that happens!
This will roller coaster until news hits but its nice to see the volatility increase. I remember this trying to shake me our early on and I loaded more so hang in there Stooges!
Daily and Month MacD turned up. Big buyers may be taking notice.