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Thanks! I am also riding free EGOC and PFMS and just got into PDGO a few days back at .0003, Trying to get into PGLO and HRAA now; already late but thinking 1/2 a prenny is a good entry. Always trying to stick to my strategy and my entry limits in terms of price and investment size. Small time player, but a happy one so far. :)
Spot on. With the right startegy there should be nothing to complain about. Know the steps in the process and you can make money multiple times. Last year and a half, I only have focused on Lazar stocks on the OTC. My best 18 months.so far. Make sure you get in early and do not freak out if it goes down after you get in; eventually it will give you opportunitg to get your investment out and ride free shares. Most recent example is QURT, I bought in at .0011, 0008, .0005, sold 1/3rd on the recent run and now am riding free shares. Currently, PFWIQ is a great opportunity; I have .0007, .0004, and .0003; filings should drop any day... these are just 2 examples, I am playing 80-90% of Lazar’s stocks; only ones I am not in are the ones I missed if I was proccupied with my primary job.
His business is to clean the shell and sell it for $150-250K. He generally does not trade on the open market. Filings show shares that he issues to the company (usually preferred) and he sells these shares to ownerrs acquiring the shell. If he was trading on the open market he would have to disclose positions in the filings.
CRGEd was the same special. I got our after split w 8x my investment. Not all RS’ are bad.
Check my posts on Lazar’s page. I saw .0002 opportunity on Friday, posted there to confirm Custodianship, and all got foibles up within a minute. Had to settle for 3s, but still happy.
I do. Got in at .0002. Was sceptical when it was no bid due to high share count, but added once bid started appearing. Trying to add some .0001.
He/she is talking about CRGEd (another Lazar stock), which ran from .003 to .06 after RM was made known, pulled back to .0065 after 1000/1 REverse split announced, then ran post split to $47, now trading around $20. All within 10 trading days. I was in it before the run, held on to my shares during initial run and pullback, and sold after RS for 9x my initial investment.
Any details of the second filing regarding stock.. authorized share change? RS? Will we have another CRGeD?
I got in before today’s ru . Thanks for pointing it out! Now, let’s rip.
When will the rumor start that by 7/7/20 they meant 7/27/20? As in a typo... haha..
Thanks! Same to you!
I just added 2.5M of PFWIQ at 3 to my stash... that one should see filings any day now.
Did you buy up all 12M? I wanted to jump in but was unsure about granted custodianship. Hope to get some .0002s
Is EGOC granted? Buying opp at .0002
Another thing that sticks out is no signature. Would a form like this not require a signature? This is a publicly traded company. If not, than NVSOS is purely run state regulatory agency.
They cannot split looking in the past. Outstanding Shares as of 7/7/2020 are being split. The spilt date is always the future, same as effective date.
What about the profits you bragged about when you sold above .01?
If we do I will at least double My position.
Not everyone. I will be holding until after split. I think it’s better for everyone I’d the sell off is slow.
Check CRGeeeD... another Lazar play. ran to .06 from .003 when merger announced in 2 days... pulled back to .03, then filings on NVSOS showed up about 1:1000 RS, dropping it to .006... started past RS at $6 and ran to $40s... now at $23. I guess it works...
I was very glad I held there after the split was announced. I guess I will do the same here. I have much more invested here than over there, so I will wait until the company annouces the going forward path. They would not pay $200K+ for this shell to just start diluting. The people involved here are savvy business people who have not tarnish their name by scamming penny traders.
You are correct. I search for a different Lazar ticker. My bad.
The latest 10Q said that are targeting companies, it may be an acquisition coming if they increase authorized shares.
Thanks Bearslayer for explanation. I looked at wrong ticker
Yes. ETrade gave them to me on the second day after split. First time it happened this quickly.
Haha, you own 1/3 of the company. Never saw your name on the filings.
Saw your PM, sorry could not reply. Still have few left after taking some profits in the 30s. Great play.
It all depends what revenue and profiits they are pulling in. The value of the company is not determine by how much bitcoin currency is traded through their platform. They will also recapitalize and give Excoin private owners their rightful share ownership.
I am not bashing, just stating the obvious. I own some shares from prior the split and am here for the long run. I am very excited about potential, but am cautiously optimistic until I see more info about profitability and ownership share.
GLTA!
I added 30K at .017 to the stash... wanted 70k more at .0122 but did not catch me... maybe tomorow
Yes, indeed. If we only could get some volume. It is so thin.
This gentleman Anthony Vaz submitted all the filings because he is the new respresentative of the company. Lazar sells the clean shells for somewhere between $150K to $250k. It’s on the new owners to complete new filings and decide what is in store with the company. Most of them want to deminish the value of former shareholders because those have nothing to do with this new company, and rightfully so, especially when former majority owners bankrupted the business and walked away from it; they usually own most of the old shares.
As of right in regards to David Lazar and CRGE, he is done with this shell, he sold his 10M preferred shares to the new owners. Those whom say he tends to do R/S are completely wrong. David Lazar goes through the court process of gaining custodianship over these worthless companies, clean them up, and sell the empty shell to new owners. That is how he makes his money. New owners decide about the R/S.
Check a few of former Lazar’s shells that he sold. You will always see that new owners sign name change, reverse split, quarterly financials, etc. In the annual or quarterly filings you can also see how much money Lazar sold the shell for. That is yet to come for CRGE on the next quarterly filing.
When R/S is filed the company usually files the new authorized shares numbers. I have rarely seen this number to be lowered at the same ratio as the outstanding shares. In many cases, the number of authorizes shares is kept at the same number as before the split.
I would not be surprised if the new owners/officers share distribution happens after the split. Even if we see moderate dilution after the split to raise capital, I think that is a good thing considering what kind of company we are merging into.
I have said it multiple times before about Custodianship plays. People need to learn how to play them. They are gamble just like 99% of stocks in the OTC. There are opportunities like CRGE yesterday to play them perfectly, but people get emotional and trade based on the ‘holy grail’ mentality thinking of becoming millionaires overnight (it happens sometimes from time to time).
New merging companies do not care about prior shareholders and why should they. We also should not expect anything from the new company because we never invested in them (this is not an IPO where the company is raising capital); we are just trying to jump in for a ride. However, if played correctly, you can make a lot of money before and after the merging company does the R/S split.
My strategy is to get in either very early (check PFWI-Q, QUT-R, LGB-I) or upon dips that happen after every milestone (Custodianship grantin, filings to bring company current, or merger milestone like yesterday for CrGE). I generally sell half when the stock doubles from my entry point to get my investment out. Whatever happens afterwards is my profit. Sometime I buy more on dips, never chase. The mentioned milestones usually give us opportunity to sell half or less and get the initial investment out.
In CRGE, I got in at .0031 in Dec and sold half at .0062 a few days later. Since then, I have been patient. I have not sold one share during the run yesterday and today, but am not bummed. Whatever happens after the RS w the new company can be even bigger than profits I missed yesterday and today. People behind Excoin seem legit and very knowledgeable.
Time will tell.
Many people here who chased shout that this is fraud or people getting screwed; it is normal business with custodianships. It’s not even a pump and dump; company submitted filings on NVSOS and people reacted to it; company never promoted the stock, nor did they dump shares into the market. All the action was market reaction to these filings. They all were done at the same time; only RS was overlooked initially.
Here is hoping for the best! Good luck everyone!
JMO... please trade at your own risk.
$CRGE
Search under Excoin... it’s there
Combination of sellers and shorters took it down faster than it went up yesterday. Crazy 2 days.
You know shorts are struggling when they take ask below bid without any trades hitting the tape.
This is normal. I saw it in other merger plays. One person is put as President, Secretary, Treasurer until they figure out stock distribution. Check filings on TRD$X or LIC$H.
Hey Rise, good to see you here. Already plenty of DD, but all the efforts are appreciated!
Agree... I have played all except sbe$.. too bad I got out to early of the other Xu stock...
In both new ones you are listing...
You really do not understand what a clean shell is worth, do you? Go see how much money Lazar sold L-I-c-H and t-r-D-x for... it is all in their filings.
He makes his money by cleaning up the shell and sell it to private companies who want to trade on US pink sheets.
There is a process to it that usually takes 6-12 months.
Check this video from November 2019. At 10:35 mark, the president says ‘we are close to $1B trading in just over a year’.
This is crazy. Only have small position from .0031, and plan to adding more tomorrow.