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You have been wrong every step on the way...
Said SOLI wouldn't get funds for CareClix..they did.
Said SOLI doesn't own CareClix..they do.ppp
Said SOLI wouldn't win law suit...they did.
Said SOLI wouldn't reduce OS by 12.8 million illegal shares after winning law suit..they did.
Said SOLI wouldn't get MM to sponsor form 211..they did.
Said SOLI won't get 211 approval...it will
Daiello, I am with you. I have never believed that SOLI would delay or control the 211 process for some outside reason. In my talks with Glendale, I never got that impression. They said that they constantly communicate with the company regarding the FINRA questions and how they will answer.
But no one controls FINRA. They march to their own beat.
I believe that SOLI wants the 211 accepted ASAP so they can get on with PR's, other acquisitions, etc.
It is great news. Might be anytime now.
Your Welcome!
Your welcome.
FYI he knew about ACCR coming off the greys because of "unsolicited" bid and ask.
Form 211 Update: 10/24/2019
Glendale submitted answers to the second round of questions on Friday 10/18/19 ( just about a week ago ). Glendale responded very quickly ( about 1 week) to FINRA's second round of questions, so that tells me that the questions must have been pretty basic and as reported last time (see below) there aren't any red flags. I was also told that Glendale keeps the company informed on what is going on and being asked/answered.
Glendale is VERY confident the form 211 will get accepted.
Based on what I know we are so close now.
FORM 211 Update (10/14/19):
FINRA finally replied to Glendale late last week regarding Glendale's answers to the first list of questions (Glendale sent the answers to FINRA on 9/10/19 and FINRA finally got back to them last week).
According to Glendale, FINRA had a few followup questions (no red flags, just some basic followup items). I asked how quickly they can reply and I was told that they already have most of the information. So I am anticipating that it could be this week that a reply is sent from Glendale.
I know that no body wanted a round two but based on what I know and where we are I am totally stoked. We are near the end of the uplist journey and it is going to happen. I have been holding SOLI for just 2 years now and I'm not selling just before uplist.
Once we uplist, I can imagine the flood gate of PR's being unleashed.
Good things take time and this is going to be great for all longs.
Form 211 Update(9/26/19):
After ALOT of digging and phone calls I was finally able to speak with the person at Glendale Securities who is handling the Form 211 for SOLI.
Here is what I know:
- He has been handling 211's for over 12 years.
- Has processed approximately 1000 211's in that 12 years.
- EVERY 211 he has submitted has been accepted.
- He always screens the company thoroughly first before sponsoring that company. That is why the 100% success rate.
- The 211 process takes at least month and could take up to a year to complete.
- About 30% of 211's are accepted after the first round of questions from FINRA.(only one 211 has ever been accepted without questions).
- About 70% of the 211's go to at least round two of questions.
- With each round of questions, FINRA's response time is usually shorter (it makes sense that it takes FINRA the most amount of time to review the initial package and submit questions. And then it is quicker to review the answers and get back if there are follow-on questions).
- It is much better if a company is fully audited ( like SOLI ).
- So far FINRA has submitted a first round of questions and Glendale has replied with answers to those questions (replied on 9/10/2019).
- Overall, he was not surprised with the types questions from FRINA and was not alarmed with any of them.
- Glendale is waiting to hear back from FINRA on if there are any follow-up questions ( expect an answer anytime...usually about 2 weeks but FINRA processes things at their own pace with no hard guidelines).
- Once the 211 is accepted, they notify Glendale and we will see a bid on level 2 (and probably an ASK, but we could just see a bid to start). The tier change is a totally separate process with OTC Markets and once accepted, FINRA alerts OTC Markets but we could just see L2 before a tier change.
- Currently we don't see Glendale on the report that lists MM trading volume on SOLI because Glendale doesn't trade Grey Market tickers.
Overall, the person I spoke with was VERY positive.
Nicely put!!
We are sooo close.
We have come sooo far.
And we are almost there.
You keep saying "uplist has been just around the corner since last april".
Who said that?
You ignore the fact that we know the form 211 was filed late July 2019. You also ignore the fact that we are in round two of questions from FINRA (which just began about 1 week ago).
You should rely on facts we know.
It doesn't matter to me if "friends and family" can convert or not. I do not expect them to sell even if they convert.
I view "friends and family", participated in the $1.68 million fund raising to be LONG term holders and they didn't participate to flip for 100% profit. They will hold for much, much more profit.
We will do shots together. LOL
Can't wait.
Yes, very encouraging update.
We all know that you have been doing it...diving in dumpsters, doing google searches, making phone calls, what ever it takes to get things done.
Agreed! Great times are just ahead for SOLI.
I'm glad your still here. It was a great update I got and we are very close now.
FORM 211 Update (10/14/19):
FINRA finally replied to Glendale late last week regarding Glendale's answers to the first list of questions (Glendale sent the answers to FINRA on 9/10/19 and FINRA finally got back to them last week).
According to Glendale, FINRA had a few followup questions (no red flags, just some basic followup items). I asked how quickly they can reply and I was told that they already have most of the information. So I am anticipating that it could be this week that a reply is sent from Glendale.
I know that no body wanted a round two but based on what I know and where we are I am totally stoked. We are near the end of the uplist journey and it is going to happen. I have been holding SOLI for just 2 years now and I'm not selling just before uplist.
Once we uplist, I can imagine the flood gate of PR's being unleashed.
Good things take time and this is going to be great for all longs.
Form 211 Update(9/26/19):
After ALOT of digging and phone calls I was finally able to speak with the person at Glendale Securities who is handling the Form 211 for SOLI.
Here is what I know:
- He has been handling 211's for over 12 years.
- Has processed approximately 1000 211's in that 12 years.
- EVERY 211 he has submitted has been accepted.
- He always screens the company thoroughly first before sponsoring that company. That is why the 100% success rate.
- The 211 process takes at least month and could take up to a year to complete.
- About 30% of 211's are accepted after the first round of questions from FINRA.(only one 211 has ever been accepted without questions).
- About 70% of the 211's go to at least round two of questions.
- With each round of questions, FINRA's response time is usually shorter (it makes sense that it takes FINRA the most amount of time to review the initial package and submit questions. And then it is quicker to review the answers and get back if there are follow-on questions).
- It is much better if a company is fully audited ( like SOLI ).
- So far FINRA has submitted a first round of questions and Glendale has replied with answers to those questions (replied on 9/10/2019).
- Overall, he was not surprised with the types questions from FRINA and was not alarmed with any of them.
- Glendale is waiting to hear back from FINRA on if there are any follow-up questions ( expect an answer anytime...usually about 2 weeks but FINRA processes things at their own pace with no hard guidelines).
- Once the 211 is accepted, they notify Glendale and we will see a bid on level 2 (and probably an ASK, but we could just see a bid to start). The tier change is a totally separate process with OTC Markets and once accepted, FINRA alerts OTC Markets but we could just see L2 before a tier change.
- Currently we don't see Glendale on the report that lists MM trading volume on SOLI because Glendale doesn't trade Grey Market tickers.
Overall, the person I spoke with was VERY positive.
MM's goal is to make money.
And you just pointed out that Expert Tier allows MM's to coordinate between themselves with the public blind. Hence giving them the advantage to make more money and take greater advantage of us.
I tend to agree with you. I just called etrade and got an ask of $.38.
I don't trust the MM's, especially when we can't see the bid & ask.
Anytime Dear!
I know that you like a nice slap in the morning! LOL
Not yet
Holly Cow!! What volume!
That's what I thought!
OTC Markets page for SOLI short interest should get updated next week ( around the 15th of the mont).
Interesting short report for SOLI.
https://www.otcshortreport.com/company/SOLI
Good Morning SOLI longs!
Let's have a great week.
Looking forward to getting some updates this week.
Yes great week. Off to the Yankee playoff game withe my son.
Have a great weekend all.
They all count.
Good luck to you!
I have my tickets for the show ( front row tickets).
No that's taking one for the team!!!
We'll take a cold and some ASK slapping!
LOL
Yesterday, I had a medical procedure and SOLI had a good day.
Today, DTGoody is at the dentist and we are looking good.
Who is going to step up for Monday?
There we go with some $.35s!!
They weren't that long ago.
I can't wait to eclipse those old highs.
Good volume early.
Could break $.34 soon and move up.
I like the way it has been trading this week.
Quick buy at $.34 to start the day.
Let's keep going!!
I do believe that's what happened. They raised the immediate money they needed and stopped. They know that Greg Arms can get them the big money for the next acquisition...maybe World Care?
To be exact, the Q says:
"The Company commenced a private offering of convertible debt in the total principal amount of up to $3,000,000 in April 2019. The Company closed on a total of $1,680,000 in convertible notes, and the offering has been closed"
And they limited the offering to family and friends. So once they reached the $1.68 million they decided it was enough money for now and closed the offering.
So SOLI limited the fund raising to "accredited investors" who are family and friends.
I don't think we see flippers in that group. I see long term holders who know what they will own, holding out for MUCH bigger rewards months/years down the road.