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Lazar doesn't not need to do an RS. His job is to make the entity "legal"
He has to clean up the SS and account for all fraudulent shares. His first step in this was to change the AS to match the OS. The next step would be to attempt to invalidate shares not "distributed". What this actual number may be is a guessing game.
trading patters suggest it is at least 1 to 2 billion.
The reality that all have to consider is that whatever the number is, the new owners will likely RS to clean the slate. 95% of Lazars buyers do this. Just don't keep it that long. It has nothing to do with the SS and everything to do with having complete control of shares sold going forward to make money for the company.
Something I learned a few weeks back I think is worth posting here.
There is a "trusted" partners program in OTC. Transfer Agents in this program are part of an automatic SS updating system.
I learned about this when researching zombie tickers and noticed many loooong dead tickers with "Transfer Agent Verified" status and current SS data.
So don't get fooled by that into thinking there is some new activity about to happen.
Some TAs are on an automatic update schedule with OTC. Part of some "trusted agents" program they have.
I asked about that in another forum when I noticed a lot of long dead zombie tickers on OTC had current SS info.
Morgan Stanley was filing 13gs for several years. I think they liquidated their CTPR position during the price jump in sept/oct, no 13g this year.
sorry, not aimed at anyone specific. I can never remember to use the "new message" button. Im now targeting other Lazars, managed to get some in one of his newest batch. Ive learned to just be patient, im still in LICH after all, and $BRRN has a lot more going for it that that one does.
Next year! They are not going to do anything until first quarter. Watching it everyday and giving yourselves an aneurysm won't change that.
Any word from old CEO and their blockchain gamble?
There is no such thing as "holding a stock back". Price drops because there isn't enough demand for the amount of shares available. Nobody wants it!
Since I don't see much on IHUB about the zombies until after they run, I assume the pump is on twitcher. Some keep reporting some of these are getting pumped on stocktwats (I think twitter owns that?).
I was told OTC zombies were not allowed there but that either isn't the case or they changed the rules. XMET was pushed hard from there and it is definitely OTC scum.
Everyone kept saying stocktwats didn't allow OTC scum on their board. Was that ever true or did they change the rules?
Another .000 zombie..NOHO trying to gain traction...8 billion shares to move so, not expecting much. I am already in some zombies from way back so, Ive resisted the erge to bother with any of these sudden revivals unless they have less than 1.5 bil float.
PR campaign coming from $ICTY is starting to sound a bit like $BBRW...promising share reductions...wait and see...
Did someone call???...All I got is its too early to expect these prices to stick
$ITLL; A custodian got granted control last week. Never heard of the guy though.
The custodian can't dilute without court approval...note holders can...
They have not entered into any debt. declaration phase with the court so, this is just their buddies cashing in.
The .000 zombies march on...UBQU with 10 billion share OS crawling out of a grave again. Sounds like the owners might be pushing this one.
$MSPC another long dead scam has resurfaced in the flurry of .000 revivals.
I don't do twitcher so, I can only guess thats where many of these originate. Not good to get involved unless you have money to lose. Its good news for old bag holders though.
I he hired a CEO he would just pay him with more convertible notes...
Thanks, I keep learning and just like to pass it on. The boards really like a personal notebook where I try and keep track of things.
Everybody's grandmother is growing pot...most of these startups are doomed to fail. People need to get a better grip on reality and stop reacting to stock tip buzz words like CBD, blockchain, bitcoin and EV cars...
You cant link directly to it. You need to go to court docket (https://www.clarkcountycourts.us/Anonymous/)
and search for case # A-20-816255-B under "district civil"
In this case it was " voluntary dismissal" since he wasn't appointed yet.
$ABVG, $DRWN, $KATX...some old deadbeats that may be worth a quick flip. All have been diluted badly until going quiet. Now sudden interest in dead tickers has them churning millions of shares again.
$DRWN flipped 1 billion shares today. Looks like the XMET crowd have changed targets.
$ILIM is one I will be watching. It spiked up on some hype over court filings and seems to be settling down again.
If Moody gets his way he will be dissolving the company and starting fresh with new NV inc. At least thats how I am interpreting the court statements.
Other scenario is that he gets NV to agree to better terms on fees.
Either way I suspect it will be good for him.
SS isn't awesome but, not that bad either with 3 bil shares available.
Sorry VA, I don't have PM privs. To answer your question it means he asked the judge to be let out of the custodianship.
$DRWN getting lots of interest now 700 mil volume. Rumor mill suggesting a new owner. No confirmation yet. Until then I assume its being pumped on twitcher or faceplant.
.000s seem to be the target of choice recently.
Kinda like owning property you want to sell, got to keep paying property tax. Longer you own it the more it cost you.
Kinda looks like Ramos is trying to be his own lawyer. He is filing things with SEC to try and get out of expert market. Looks like he is trying to avoid the normal process used.
Not that I can see Ramos is ceo of Infinex ventures and discusses blockchain tech in his filings,
No relation to infinex financial group whose CEO is Stephen Amarante. ( how could a broker lets its own ticker slide into oblivion?)
Its holiday time, I make Irish cream for the family.
1 can condensed milk, (evap milk if you want to control sugar content),
1 pint heavy cream,
2 tbl sp favorite ground coffee.
1 pint of favorite whiskey
Pour cream and milk together in pot and add coffee. Stir while heating to 170 ,(this is common technique for making ice cream too) takes about twenty minutes to get coffee brewed good.
Strain to get out grounds and let cool and stir in whiskey and bottle.
Many recipes do a cold mix, I like my coffee brewed in the cream so I use heat.
Another common additive is chocolate. Chocolate syrup adds a lot of sugar though so using evap milk might be better.
I age my own whiskey and my wife doesn't care for it. When I make this with it, she likes it.
$QUTRD seems to have settled into a modest rise. Don't expect to see much change until new symbol BRRN is in effect and company files an 8k next year.
There is plenty of money with new owners so I think any dilution will be rare and professionally handled.
This week we will see which is stronger in XMET, the irresistible hype or the immovable dilution.
Lazars November filings and there first court dates: $MVXM 12/28, $ARAT 12/30, $ESPIQ 01/07.
A small Lazar update on this summers shells. In may and June Lazar filed for 13 tickers in NV (he has some in other states). This is a list of them and their current state with Lazar.
EGOC: WIP (work in progress)
HRAA: WIP
PGLO: WIP
GOFF: WIP
XMET: WIP
EFLT: VACATED- SEC supension
KTDR: ? (these were not custodian motions. Seeking default judgements for ALTB: money owed)
ONFA: ?
RMLS: ?
ECMH: VACATED
PDGO: VACATING (attempting court settlement with contesting CEO)
XLPI: VACATED
None of this summers tickers have been sold into a RM.
$SNVP; had considered buying more but decided to pull order. Custodian is an unknown and is not communicating anything. Lazar never does, so it only means something because they were talking before.
There is also some diluting going on, started after custodian approval it seems. OS has grown 962 to 1.6 bil. Thats not a good sign especially since they don't have any court orders to settle debts yet.
$ECEZ keeps tempting me until I look up their numbers or the lack of them. Too many red flags on OTC to consider this anything but a company orchestrated P&D. Massive RS (1:10000) in 2017 and the OS is over 3 billion again.
If they are serious they will get current and stop diluting.
$FUNN still struggling along. The CCP virus sure made things hard for their business but, they seem to keeping things afloat. Unfortunately the message board reads like a bad soap opera. Hard to wade through the crap to get a real sense of things.
OOHHH Its OTC "FAST TRACKED"...he didn't even list himself as CEO! He updated NOTHING except to fix the fraudulent share count just to get legal. Nothing else changed, didn't even list himself as CEO (still is anyway) as he usually does. (probably trying to limit how much stink sticks to him in case it goes south.)
He already had to dump at least 2 tickers from his June collection and got contested and settled on a third. He was running out of tickers to sell. He just filed for 3 more two weeks ago.