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Buscar Company Announces 3.5-for-1 Forward Stock Split Has Been Filed with FINRA
BEVERLY HILLS, Calif., Feb. 15, 2022 /PRNewswire/ -- Buscar Company, Inc. (OTC-PINK: CGLD) announced today that it has filed with FINRA its corporation action notice for a forward share split on the basis of three and a half (3.5) new common shares for each one (1) old common share (the "Stock Split").
All shareholders as of the record date of February 18, 2022, will be entitled to the Stock Split. The primary reason for the Stock Split is to make Buscar's capital structure more attractive to a wider range of investors. The forward split will take place on or about February 18, 2022 subject to FINRA review of documentation.
no you are completely mixing issues, and you just supported exactly what I said. You are saying that this is headed to a penny, fine, that's entirely possible, we can argue that forever and maybe you're right, and if it's due to dilution that is needed, then fine, BUT IF that is true, then a reverse split 100:1 would have resulted in this going to a buck from 2 bucks. SAME THING NO DIFFERENCE. You are going under assumption that the price is already going to go down, and so the reverse splitted price will also go down naturally in proportion, and you are blaming it on the reverse split, when in fact it would be due to dilution or other factors.
My point is the price is or was already going to go down in many reverse split scenarios due to dilution and/or performance of a company. You are mixing issues.
Explain me why they matter? You get a proportional amount of shares and the price reflects. Sure in this case the price came down b/c it was already going to go down anyway. In todays case for example, the price is stable at 2 cents. Assuming all things equal (company continues along as it has been as of late), over the next couple months assume the stock price meanders between 2 and 1.5 cents. That would be equivalent to $2 and $1.5 IF there was a 100:1 reverse split. There would be no reason for the price to go down to a buck, IF it did, then that means that pre-split share price WOULD HAVE gone down to a penny.
It's a different thing if the price WAS ALREADY GOING TO KEEP GOING DOWN ON ITS OWN - if that is the case, then the Reversed price would also do that, WHICH WAS THE CASE WITH THIS COMPANY IN THE PAST WHEN IT WAS DOING SERIOUS DILUTING and was NOT YET PERFORMING. They are in a different place than where they were in the past, it's like comparing apples and oranges.
Basic math that's all it is. Letem reverse, I couldnt care less, actually I would like it, but whatever, it doesnt matter to me, I'll trade regardless.
I really get a kick of people talking about reverse splits over and over and over. Who cares, really, who the blankety blankety blankety cares. Reverse split means absolutely nothing. Let them reverse split, it doesnt matter. You can the proportional number of shares with the same overall value after the split. What would you rather have, trading at .02 or 2 bucks, I'll take 2 bucks any day of the year, I am sick of pennies pricing to be honest. Just do it and get it over with, the company is in a completely different place than where it was in the past. A reverse split would be a nothingburger as it usually is.
That said, we are languishing in the 2 cent range, meaning I am inactive in trading AITX and working other opportunities that will supply the cash need to buy at 1.5 cents or lower, if the market provides the opportunity.
Let me put on my patience hat sorry, I am actually very good at being patient with these penny plays, how quickly I forget.
You're right GasClown, you're absolutely right, Ward does not control the business side of Mexico to a large degree. Granted we don't know the full story, but facts that we know are that a Mirage 10-Q is about the simplest filing that could be done, i could do it, i know I could, especially these days when there are like no notes left. It just can't be the auditor after this long, they simply could not be that incompetent, but let me just say for the record, I have seen incompetence with them even in this last 10-K. Anyway what can we do, asking when it's going to be out is an exercise in futility. Maybe when all this flushes out it will become obvious, or maybe it won't or maybe somewhere in between.
I just went to his Twitter page for basically the first time ever. All I see is complaining and bitching but I dont see him make a single response to anyone, very disappointing to see no engagement whatsoever. Darn it, this is concerning.
So todays otc markets update shows 912,068,287 shares outstanding which is an increase from the upper 800 million range. Someones polluting here. We need to get out of this trading range, and sooner than later, I am not feeling comfortable here as I would like.
Good for you I started at much higher prices so my average will never come down here, but I did pick up 3750 total over last two days to bring avg down to 2.07 which is quite an improvement. Is it not worth a couple bucks? They're trading under their cash, not sure what else to say.
I agree, could continue to be a good trade for those interested, buy larger volume on way down, and sell on way up, rinse and repeat. But I think their story is fairly long term so I feel it will always have a bottom as they shuffle their way around.
Ive picked up shares at .15 and .13 ranges, and will continue to do so at higher quantity and lower prices if they get there. Definitely a lot of cross-currents and potentially scammy stuff going on as has been pointed out, we'll need to tread lightly.
been trying to pick up shares off and on for mid 20s or below without any luck, nobody has wanted to sell me shares meanwhile they like to exchange shares in the low thirties, oh well, i refuse to chase, let them come to papa, they all eventually come, and i am always there to pick up the pieces.
good for you starting late. I dont know what to say, I bought at 1.09 and 1.16 today. Very depressing, I dont see how the company could be worth what its market cap is.
spike in price hit 3 cents, but no news, lets see if this can lead to anything significant.
theyve got it locked at 16 to 18 cents, i am willing to buy at lower prices and sell at higher prices, so for now nothing to do but wait which is fine. But this has a long way to go before they do anything I hate to say.
Stop spreading negativity here, it is NOT welcome, while you are entitled to your opinion, it is wrong. Normally I would preface that with "as long as there is no fraud" but I wont even say that in this case.
yeah and they have offices in the TRUMP building
https://paulsoninvestment.com/
Picked up another 1.8 mill shares between Friday and today. How in the world this could trade down here is beyond my comprehension. What else to do but accumulate, now at 11.4 million shares, wow, I am at least a 1% holder. Woo hoo.
Its been brought to my attention that people think that Ward has paid himself salary, like large amounts. Funny how people do their due diligence without doing simple math. A company can't pay out (way) more than they take in and still have a positive balance. Ward has used the money raised to run the company, the money is not for himself except for paying down a loan from his wife and maybe some other minor expenses. Dont believe everything you read, do your own research.
Regarding the late 10-Q, that one I cannot explain, it makes no sense to me. Let people sell their stock, there are plenty of us who will take it off their hands on the cheap.
I'm not quite backing up the truck but I am buying at these prices, wow, wow, wow, never in a zillion years did I think it would come back to mere pennies, gotta take advantage of it, lower it goes higher volume I'll be buying, until it stops going lower. Market cap is like 12 million bucks, are you kidding me? Thats like 7000 oz of gold at $1800/oz (just talking revenues here, not cost)
Next few days are important, lets see if we can gain a victory here.
actually, fully diluted its close to 5 billion, you have a problem with that, huh, huh?
It doesnt matter, they're building a business the right way, no toxic lending, putting in the right people, etc.
Guess you will miss out, there are plenty of opportunities out there if you dont like the risk.
are you saying you did notify the SEC? If so, damn it man, just stop it man, there is nothing wrong with what these guys are doing. They are trying to build an empire in the trucking industry after crawling out of the basement financially, let them be successful, just leave them be, let them prove themselves, we certainly do not need the SEC involved with us.
yeah i am willing to let them come down to .0016, if they dont, then I am fine with what I have, but ultimately a price of .0019 is still excellent in my opinion.
its all good folks, buy on the pullbacks and sell on the rallies keeping a core position for the future. For me that buying in the .016x range and selling at .022x and beyond. I would like to see this rally though to at least 3 cents, really been tough for this to move.
good stuff, thanks, yeah lets let Paulson waver in the sun trying to sell his guys shares, keep our bids down at .0015/16, this guy has lost his shirt, literally, then we'll take it right back, found money, literally found money.
it was a small sale after the .019s filled, did the ask jump to .0023 after those .019s filled? That could be a sign we have cleared the overhang, but we don't know that yet.
how dare you make these accusations. Move on, we're here to make money and thats exactly what we're going to do. can-it!
Thats a great update thanks.
Look it's all about Mexico folks, sure the late filings are an absolute debacle, nobody here is defending that.
But its all about Mexico. Ward doesnt control Mexico, they control him, that's all there is to it. Why dont we see so many other other big companies trying to accomplish this, let alone small companies. Sure there are huge large US companies that have presence in Mexico, but not dealing with the government at the level Mirage has to, a socialist government that wants full control, that part is really really hard. People can blame Mirage for not getting a deal, there were a number of times where we were close, including going back to the early 2000s when it was Tidelands, but Mexico holding up their end of the bargain is where the rubber meets the road. Now is when that rubber is burning and hopefully will form a very tight grip on the road to victory. Let's see how this week's trip goes, obviously nobody here is holding their breath.
well back to a penny, its a good thing I have continued to trade even the smaller moves, but it's exhausting and not what I really want to do. Surely this is a worth a penny, come one man, enough is enough already.
I am no expert, I just respond to price, I generally don't predict it, so sure you could be right, but this much I know is that it's oversold, that is not up for debate.
I really feel like we bullet up from here back to .003, this simply makes no sense to me any which way I analyze it.
Lifetime I am up about 30 grand and riding about 9 million shares free, but still its not pleasant, I try to not to make my decisions on how I do lifetime but rather on the prospects of right now, and right now I feel we are severely oversold and this is an opportunity of a lifetime, but who knows, where was this seller(s) before, why sell now at what could be a bottom, why not sell at .003 there was plenty of time to do so, maybe not in that volume, but....
damn it how in the world is this falling so low I just dont get it. I forced myself to buy 700K, so far, I mean theres literally no news, why in the world would it just drop right now is beyond me. Sticking with my plan but not happy about it.
As PCTL appears to be rangebound, I have been quietly buying at .0181 every time it comes down to help replenish my position. If it breaks thru to lower levels, I will be there to help pick up the pieces.
I like what they are doing and have taken a starter position but will add more at these prices as cash frees up. Very undervalued.
Picked up another 5K shares a .425 the other day. Sorry but this stock is just plain cheap. The CEO seems to be organized while the market has no idea whats going on. I sort of wonder if this is the case for a number of stocks in the therapeutics realm. For now there isnt much we can do.
wow I was just going thru my positions, literally had the screen up all day and TOTALLY MISSED that LFAP tanked, literally on my ticker screen and didnt see it, that shows how confident I must have been that we had bottomed and didnt even bother looking at that line, wont make that mistake again.
Well, IF the prices are hanging around Monday I guess I'll go in for a million shares. I dont see a T-trade, I wonder if this could be a note but I havent checked the filings.
We're now worth 1.6 million at .002. Am I seeing that right, how is that even possible after all the work that has gone into this endeavor.
this has come all the way back, so glad I sold, maybe not a perfect, but recouped almost everything over lifetime trading. I would consider getting back in at these low prices, but if they never actually do anything then what's the point, it will end up back at zero.
At 3 cents its worth 480K which could function as a clean shell.