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Pretty sweet. Should be fun on Monday.
I would love to see $0.005, good profit for me.
It's illegal either way.
People "in the know" would have bought at $0.0002, before the quarterly, yes?
If they reverse, their percentage of restricted stays the same, so they still have control of most of the common shares. Generally, an RS will change all common shares (restricted and float shares). If they are smart, they would reverse the OS and AS.
But any reverse will be bad for existing shareholders.
It'll run to $0.0010, and then everybody that bought at $0.0002 will place a market sell. Pushing through the $0.001's will be the hard part. At some point they will reverse split and screw all the existing shareholders (and new ones that come in today and Monday). .
I will be getting out as soon as I see a decent profit and not look back, since I don't invest in foreign companies.
I read it. The new company members hold it. Tad is no longer involved.
They added 36B restricted shares.
She's moving today!
SAN GLOBAL DINING CO., LTD is a Catering and catering Management operation in Taiwan
The address they give on the filing is in Taipei Tower, which is a very large floor space with lots of companies in it. It also has a huge tuned mass damper at the top, which is pretty cool.
We're in Taiwan now people.
CFO - YA-FANG YU
CEO - YI-KUAN LIN
Big news- Interim President - Caren Currier 🤠
Quarterly out now (Taiwan?)-
Look at the email address at the top. Who is that?
Interim President - Caren Currier
Big stuff going on here 😀
https://www.otcmarkets.com/otcapi/company/financial-report/397365/content
Krappenfest would be the German word for this.
Yes, but this is an "Alternate Reporting" company, and Tad hasn't done an SEC filing since 3/20/23. FINRA requirements are less stringent. Of course if we do get into a reverse merger situation, then SEC filings would be required.
Down the drain we go.
OS updated to 175,589,230 4/10/2024
OTCN just showed up on the ask at $0.0181, Bizarre.
That's possible.
~82% of the OS is restricted shares. I have never seen that on any stock I have owned. Very strange.
Tad has worked hard over the last year to reduce debt and derivative liability (according to his filings), and for the last two merger deals he said an RS would be part of the deal, so maybe he has a new potential buyer, or maybe he just wants to RS ahead of time to make the SS more attractive for any potential future buyer.
I agree. He must have some plan in mind, but I have no real idea of what that is. With the OS so high now, the shares are nearly worthless, which is why I suspect he is getting ready for an RS. Hopefully he puts out some news before that so we get a little pop in the price up to $0.001 so I can sell before the reverse, and then re-buy after the price stabilizes.
Another possibility- Tad is gifting himself these 36M restricted shares, so that after an RS, he owns a larger percentage of the common stock. This helps Tad personally, since a buyer of the company will need to either buy him out of those shares, or Tad stays on as series B (or whatever) preferred shares that he can convert and sell latter as he likes.
It may take a couple of filings to find out what is going on though.
Yeah, at least something is happening. I'm going bullish. Go $PLPL !
The entire OS increase was 36M shares restricted, with the unrestricted (roughly) the same as the OS yesterday. He must be using this for a merger (my guess), since the new buyer would get some common shares anyway, and we know Tad wants to do an RS, so now is the time to jack up the OS. No reason to issue a new series of restricted if the buyer of the company will get all the series A anyway. Just my guess.
WTF is with the sudden OS jump?
He knows its a scam.
Total garbage stock.
OTCN moved their bid down to $0.0002 !
Third Turd. Still in yield.
Tweets don't work when no-one believes Berman.
Just waiting for that pump... He hasn't put out a PR since 2019.
Yep, real nipple twister of a stock.
OS updated to 169,089,230 4/03/2024
Very good. Let us know what they say.
Total garbage scam stock.
Crap-tastic stock here. Still in Yield even with the attorney letter. Still no news!
Dump-aroo, No bid on the way.