Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It truly blows my mind that there are folks that think that a hotel company, that has yet to build a single hotel, aims to reverse split for the purpose of applying to the NYSE, when they haven't even successfully become a Pink Sheet penny stock yet.
I have reviewed hundreds, maybe thousands of penny stocks in the past 10 years and in that span very many announced Nasdaq up-list plans and only a few pulled that off. 0 of them went to the NYSE. Now people think this one that hasn't even successfully become a penny stock yet is going to the NYSE and it has announced future reverse split plans, prior to even simply becoming a penny stock in order to up-list to the NYSE. Lol
I honestly suggest negative bombing every single posy he makes. He is all about his image and if all of his friends see constantly people saying how much he is screwing up he will either improve his plans (unlikely) or set hos posts to private (more likely). Lol
You can tell Ken Patel is a trash CEO that will probably burn this company to the ground because you know in your heart of hearts that the only way you can get clarification on the grievances that more than 40 investors have publicly sent directly to him this week, is if you can figure out which party he'll be hitting next, so that you can ask him directly at the bar.
I've been investing since I was 10 years old and I'm in my 30's now. That was the first time I have ever seen a merger candidate announce a reverse split before even having their own stock to reverse split with, lmao.
That was either a dumb mistake, a purposeful destruction of shareholder value for pleasure, or a purposeful destruction of shareholder value in order for insiders to acquire large blocks on the lows. Ideally if the latter they will run it the way tsnp/hmbl was done with a big surprise share cancellation announcement. That would also be the most profitable method for them personally and my sneaking suspicion is that they aim to optimize their profits.
The fact that he released it at midnight is my primary reason for feeling like he was deliberately trying to tank the price. That made sure it would open way down at .001 rather than just finding its way there from .0017 over the course of the day.
I'm hoping it was more so a scheme to load a large amount of free shares so they can postpone a reverse split and announce large cancwllatkons the way they did with tsnp/hmbl after likely acquiring at the lows.
The press release and Ken's social media posts say it will be 100:1 which would in effect multiply all of the shares 100 times. That repeated error makes me think they have an extremely limited understanding of what splits do, which in turn would explain why they would announce it at such a seemingly ignorant time, prior to even being merged in.
In hindsight that guy @777Echo777 on twitter that created and administrated the PLPL telegram chat got into an argument with someone in the chat a good 5 hours or so before the news of the planned reverse split was released.
He had always been bullish but that day all of a sudden kept ranting about the share structure being an issue and said he sold and his members were still in it. He posted a screenshot of what appeared to be a whatsapp convo with Ken Patel with most crossed out of the image aside for pleasantries. He then alluded to the conversation going into more detail but didn't say what. After that he deleted ALL of the messages in the chat and then a bit later deleted the entire chat.
It wasn't until reading your message that I realized he might have sold, gone bearish, and deleted everything showing his direct contact with Ken because he had advance notice of the reverse split. Not saying he certainly did but it was odd for all that to occur on the eve of the announcement.
I still figure there should be a big run coming here eventually, as long as there isn't big time dilution. This is one of the most undervalued stocks out there with respect to market cap vs revenue and expected expansion, even if only looking at Jump Start Sports.
If you look at their prior posts publicly stating the days they bought and how much, that almost certainly is not true. With much of their buying literally being at or near the top, they would have lost around $100k selling the bottom. Their largest dollar value trade was on the day BLLB hit $.0174 and they announced selling almost that exact amount of shares on a day when BLLB hit $.0011.
There's no way someone paid over $100k to get someone to sell $40k worth of their own shares at a loss of over $100k seeing as how that would just be bare minimum break even with no money made.
The math gets even worse for this theory if you try to imagine an amount paid that would have them actually come out in the green in this theory. Lol
There are simpler ways to figure out why the stock is doing poorly, like the video game beta launch that is now 3 months behind and no longer seems like it will come out even in this calendar year. Or the fact that they referred to the Jump Start Sports acquisition as an acquisition in press releases and not just a 60% acquisition as was quietly shown in the filings.
Yes, shows $118,336 net income; Not bad.
The combined claims of whaledome and nervousness about whether or not to make an investment because obviously not a whale, is a literal oxymoron, lol.
What sort of contract do you mean, or are you talking merger to get there?
You can literally private message Ken Patel on instagram or LinkedIn, or Twitter, or do the same with Brian Esposito, to ask them these questions. I enjoyed your style of questioning before because it actually felt like genial wonderment but now you seem to be purposely asking individual investors questions that only the company can answer. When people ask you to ask the company, you follow up with more questions to individual investors that only the company can answer.
The people running EV Hotels have far more means to contact them directly than you usually find with companies. Not asking them these questions directly seems purposeful. Lol
Your post and your name are so spot on. You literally got involved with BLLB on a major dip. Way to stay on message! Haha
Well, there's the news we were hoping for. Thanks for this update. At least it wasn't solely covering what was said in the interview.
In their defense, they did not promise a press release this week, they promised it last week. So they could never release one again and still only have messed up last week.
We have to start using this sort of outside of the box thinking to convince ourselves that they are doing right by us. Lol
So few shares left that that Dream's trading activity isn't even relevant anymore. Less than $1,800 today. Lol
With the sell off two days ago, I honestly think there are less than 10 of us invested in BLLB at this point, not counting the insiders. So selling pressure will literally have to stop, since no one else is here. That's my unfortunate, fortunate, theory.
Our absurd situation draws parallels to this old episode of the Simpsons:
The companies plan to have news released this week went about as well as their beta video game launch due out two and a half months ago.
I honestly think they just plain old forgot and might release something over the weekend to save face and say that was the plan.
Thanks! I'll search that right now.
Thanks! I'll check it out now.
I just shared their announcement stating that a press release is coming this week, to remind them in case they forgot they are supposed to send it. This is a first for me. Lmao
Can you please post a link to the one that covers that? I want to check it out.
It's funny going back and reading through this. This entire press release was just make believe, lol: https://www.otcmarkets.com/stock/BLLB/news/Bell-Buckle-Holdings-Inc-Updates-Shareholders-and-Enters-into-Discussions-with-Two-Operating-Companies?id=344307
After reading through that press release again covering the three pivotal things that the company was handling, can you point to any of those things currently being true? And then we wonder how we got here.
You just reminded me there was some penny stock that was entirely just a smart mirror play, I believe two years ago, that ran damn near 10,000% just off of its smart mirrors launching for sale in stores.
I've never used them myself but smart mirrors have picked up a decent amount of popularity.
I even see smart mirrors used at parties here and there, as a photobooth setup, so having them in the EV Hotel rooms seems well placed to me.
Honestly with BLLB now being down 92.72% from the high and having a merged business generating revenue and profit, if this upcoming news release doesn't include some sort of buyback plan that wiukd not show much faith in the stock.
If one could somehow purchase all the shares at current price you could buy this entire company for less than what Jump Start pulls in in 6 months, lol. 3 months of revenue could buy half the company. 6 weeks of revenue could buy a quarter. I know I'm ignoring expenses in that thought. I've just always felt that it was a bad sign that management has not even invested $10 into the stock through a public filing.
There would be some solace in that if yesterday's total volume wasn't 4 times what they sold. I imagine selling will slow down now though, with the market cap being so low and the insiders still holding shares.
I actually enjoy reading the information and it makes me feel even better about this investment, tbh. If the biggest issues he's unearthing are things like the following, we seem to be in pretty good hands:
1. His names Patel and this other guy is named Patel so they may be related, when there are more than 4 million Patels.
2. Since this is crypto related it could involve this other guy that had a crypto idea once a decade ago that went poorly, just because he likes crypto.
3. This company that filed their paperwork had some issues in the 90's.
It's funny to think, a decent portion of PLPL's investment base was not even born yet when #3 happened. Lmao
If these are the sorts of major problems that abound for this company, this may be one of the best plays in the otc if the loi is signed, imo.
I sent a tweet to Bell Buckle yesterday asking them to explain what in the 1 hour + long interview they felt was new information that would be of interest to investors other than franchising and they never responded. First time I didn't receive a response from them to a question.
They clearly know they provided nothing of substance in that interview.
I'll be honest, your comment with regard to your surprise at Kim picking him, makes me realize why he was chosen.
If you recall we were provided with two merger candidates. Both were revenue producing and impressive. Instead she went with a previously unnanounced option 3, Clegg, a company with no revenue or value. Testament to its worthlessness is the fact that the entire face of the merger was based on Clegg's VRL Company, which appears to essentially still just be a written document even after a half year of work.
Why was he chosen? Because the plan was for Clegg to award her a boatload of free shares, which he did and announced via either Twitter press release or both.
Essentially the merger candidate was not chosen to bring value to us, the investors, the merger candidate was selected entirely based on the plan to get a bunch of free shares into the hands of Kim. This was the only reason to purposely select the only option that was literally a start-up with nothing but a white paper...well, an upcoming white paper at that point.
And while recognizing this does suck, the fact that Kim is a shareholder too through that scheme, is the only real thing that suggests they will eventually do something to pump the price, so that she can make her money selling at a better price point. She didn't choose to merge a worthless company in for nothing. Lol
When there was wild selling pressure immediately after the appointment of Clegg as CEO, I was confused but now I see those were people that had been through this rodeo before and knew immediately what the scheme was.
I can't lie, the fact that you're referencing things from the 90's and that last link is to a post from over a decade ago, actually makes me more bullish.
If you have to reach that deep to discuss the former owner of that transfer agents nefarious deeds and their company is still in healthy operation, it sounds like we're golden here. Thanks for this update.
I mean it's literally not even an update on this company but still cool to know that the problems of the former owner of their transfer agent were rectified literal decades ago.
I wasn't long out of elementary school when most of that nonsense occurred and I graduated college a decade ago.
Might as well be posting warnings of not doing deals with European corporations because you heard Columbus did some dirt in 1492. Lmao
Clegg clearly wants to see us all get sufficiently curb stomped to his pleasure, before unveiling this weeks news release.
Well hello penny stock news! Typical turnaround time on LOI's is 30 to 60 days. It's been 2 weeks. There is literally no way you have not seen an LOI take this long, unless you have no prior experience with them of course.
Good Lord, we could really use that promised press release for this week, right about now. I bet it will just be some more nonsense that will lead to future selling. It really better be more than "franchising is looking good, we got three franchisees. Check out our interview."
For a stock with the sort of share structure this has, it's pretty surprising to see how little there is on the ask to hold this back from ripping upwards.
Seems that people are very interested in just loading and holding, hence the small wall to the upside. Bodes well for a higher launch point when the LOI is signed, imo.
I picked up another 8 million shares this morning in preperation
Trading hasn't even begun for the day, making his claim impossible. A link to that information cannot exist as no trading of any sort is continuing, let alone dumping, because the market is not open. Much like his odd decision to claim large dumping only on low volume days, which is also impossible.
You time these messages specifically at times that make these assertions impossible to be true.
Yesterday, you stated that there was massive dumping at a time where there was no large volume for the entire day and none the day prior. Now you are saying the owner continues his dumping campaign pre-market when no shares are trading.
Why make these claims solely at times where it is impossible for them to be true?
I was also just recently hearing that they can use that as a write-off. That recognition makes selecting PLPL as the merging partner for EV hotels even more clear and that the deal if completed would almost certainly take place within the next 6 weeks because they would not want the calendar year to end before merge in order to get that juicy write-off capability. This realization makes this one seem more likely than ever and very soon.
Essentially EV Hotel Group HAS to merge into PLPL to get access to that write-off.
He is explaining that when corporate heads very publicly back deals that involve acquisitions or mergers with entities that have a public investor base, and then also very publicly attempt to or successfully do, withdraw themselves from said deal, it can cause public admonition from said public investor base.
He used the backlash that Elon Musk received from investors when he announced withdrawal from purchasing twitter, as a comparison to the manner in which investors may publicly announce disdain for Ken Patel and Brian Esposito if they were to do the same with PLPL, to explain why they may not want to do that with respect to their business being heavily dependent on public perception of themselves.
I cannot express enough again, how much more important it is to devote your time to carefully reading and deciphering information instead of quickly attacking helpful information or analysis, prior to affording yourself the opportunity to understanding the information or analysis that it is providing to you. Through engagement in the former you will learn so much more and come out a stronger more informed investor.
It's a trade that posted out of sequence ("seq" being sequence), meaning it might have occurred at 10:30 am for example at the price at that time but did not show up until much later in the day. Could have likely been due to a data delay, so it could show any price point that occurred during the trading day.
Out of curiosity, what is the logic of making this claim when volume is so low and therefore there is clearly no massive dumping at present?
Even if every single share traded these past few days were entirely sales by the owner, it wouldn't be massive dumping, so I'm just curious as to the why you would say this now and not on a large volume day when there would be some feasible potential of your claim being true.
Unless of course you're speaking in historical terms, with OS increases over the course of years. I just found it odd to call massive dumping during a low volume period that makes it easy to debunk the claim.