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Selloff? 3.5 mil volume? Definitely a tight float.
They aren't required to file or pr anything. It is highly desireable for them to do so to be in good standing but don't expect anything from these stinkies.
you'll get your opportunity tomorrow afternoon when this dips hard. next week should be a better opportunity.
no, but he could've found a much cleaner shell. don't know why he went with this one.
they just filed the attorney letter, and annual reports. only thing they're missing are the quarterlies. makes sense i guess.
Well, i think he's fixing his mistakes with the new securities lawyer. hopefully...
yeah i don't understand that either.
lol, look at my avatar. i hate twitter. but a pr and custodian release should clear things up.
this should be current, don't know why it still says limited.
3.26
Tran
sferability of
ORRV
Shares
.
The
ORRV
Shares are qualified for trading on
Nasdaq’s OTC Bulletin Board under the symbol
ORRV
. There are at least two market makers for
the
ORRV
Share and will be at least two market makers after the Merger. The
ORRV
Shares
owned by non
-
Affiliates were registered with the SEC under an SB
-
2 Registration Statement and
are freely tradable on the OTC Bulletin Board and transferable without further action by
ORRV
.
The
ORRV
Shares owned by non
-
Affiliates will continue to be tradab
le on the OTC Bulletin Board
and transferable by non
-
Affiliates after the Merger, provided that
ORRV
timely files a report on
Form 8
-
K containing information about the Merger and the Company as required by applicable
SEC regulations. The term “Affiliate”
in this Agreement shall have the meaning as defined in
Rule 415 under the Securities Act of 1933, as amended. The foregoing representations and
warranties do not apply if non
-
Affiliates who hold
ORRV
Shares have pledged, hypothecated or
otherwise restrict
ed the transferability of their
ORRV
Shares.
PR COMING!
if ORRV is getting all the shares and all options, warrants or other rights to acquire Company Shares owned by
such Shareholders free and clear of any liens, encumbrances and other obligations, wouldn't that mean ORRV owns mccusker holding corp?
i think we're going to get an 8k that will clear all this up
okay well Willard R. McCusker is the president, secretary, and treasurer for both mccusker holding group and mccusker holdings group.
https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=EfLRQowtoxctoJyBxN6cfw%253d%253d&nt7=0
https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9HcNUDCGhIiiZBCNj%252f3DWw%253d%253d&nt7=0
and i'm pretty sure mccusker holding group is a wholly-owned subsidiary of mccusker holdings group so ORRV owns all the assets and revenue right?
i might be confused but my understanding of the merger is for mccusker holding to merge with oorv in which mccusker survives and oorv is dissolved. at that point, mccusker holding will be a wholly owned subsidiary of mccusker holdings and might just stay that way or actually merge into mccusker holdings.
from the merger agreement:
1.15
Financial Statements and Income Tax Returns.
The parties contemplate that the Surviving Corporation, as a subsidiary of ORRV’s consolidated group, will include its financial
results in ORRV’s consolidated financial statements covering the periods after joining ORRV’s consolidated group.
so mccusker holding will be a subsidiary of mccusker holdings.
i don't see how that's an issue if OORV acquisition INC is completely owned by ORRV.
and they have until 4/30 to close the merger deal.
straight from the merger agreement:
OORV Acquisition, Inc.,a Nevada corporation and a wholly-owned
subsidiary of ORRV (mccusker holdings)
WHEREAS, ORRV(mccusker holdings), through the OORV Subsidiary, desires to acquire all of the shares of the capital stock of the Company (the “Company Shares”) owned by the Company Shareholders on the terms and conditions set forth in this Agreement;
THIS IS THE LOADING ZONE!
for me atleast. GLTY!
Canada to legalize recreational marijuana next year!(links below)
http://www.cbsnews.com/news/canada-to-legalize-recreational-marijuana-by-july-2018/
http://www.marketwatch.com/story/canada-to-introduce-legislation-to-legalize-weed-by-july-2018-state-broadcaster-2017-03-27
http://www.cnbc.com/2017/03/27/canada-to-legalize-cannabis-from-next-year-report.html
http://time.com/4714169/canada-marijuana-pot-weed-legalization-2018-justin-trudeau/
Educate yourselves on t-trades:
FYI OTC stocks don't trade "after-hours" or "pre-market." Form T OTC trades reflect executions that occurred during regular market hours but were not reported during those hours. For an explanation of this subject see below. As to why holders are dumping shares, that's too easy to answer.
OTC.PK retail trades cannot be executed pre-market or after hours. This is a subject of much confusion amongst market participants. "Form T" trades do appear outside of normal hours. However, these are trades that were executed but not reported during regular market hours (9:30 am - 4:00 pm ET). If the "T" trade appears at the beginning of the day it is because the trade wasn't posted at Pink Sheets before 5:00 PM on the preceding day.
A Pink Sheet Primer. What are Form T trades?
The Pink Sheets follows regular market hours, from 9:30 AM until 4:00 PM ET. The Pink Sheets follows the market calendar of the Nasdaq Stock Market and is closed on the days that Nasdaq is closed. The Quotation system is available from 7 am to 5 pm every business day. However, individual traders at a market maker control when the trader's quotes are open
(a) When and How Transactions are reported
(1) Trade Reporting Facility Participants shall, within 90 seconds after execution, transmit to the NASD/ Nasdaq Trade Reporting Facility or if the NASD/Nasdaq Trade Reporting Facility is unavailable due to system or transmission failure, by telephone to the Operations Department, last sale reports of transactions in designated securities executed during normal market hours. Transactions not reported within 90 seconds after execution shall be designated as late.
(2) Transaction Reporting to the NASD/Nasdaq Trade Reporting Facility Outside Normal Market Hours
(A) Last sale reports of transactions in designated securities executed between 8:00 a.m. and 9:30 a.m. Eastern Time shall be reported within 90 seconds after execution and shall be designated as ‘‘T’’ trades with the unique trade report modifier, as specified by NASD, to denote their execution outside normal market hours. Transactions not reported within 90 seconds also shall be designated as “T” trades.
Such {T} transactions not reported before 9:30 a.m. shall be reported after 4:00 p.m. and before 8:00 p.m. {as .T trades} with the appropriate trade report modifier as specified by NASD. 8:00 a.m. and 8:00 p.m. Eastern Time and be designated ‘‘as/of’’ trades.
http://www. style='background-color:yellow;'>nasd.com/web/groups/rules_regs/documents/rule_filing/nasdw_018332.pdf
Pink Sheets and Form T trades
Since the Pink Sheets does not accept pre-market or after hours trades, any stocks traded exclusively on Pink Sheets that contain the "T" indicator on a trade, is a trade that did not meet the NASD 90-second posting rule as per above. If the "T" trade appears at the beginning of the day it is because it wasn't posted at Pink Sheets before 5:00 PM on the preceding day.
There are three types of late reports:
1. Those with a time stamp within a minute and a half after closing are just normal
90-second delays.
Rule 6620.1 OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case the market makers may have conducted a trade within seconds of closing, but is delayed in reporting until after closing it is showing up a minute after closing. This delay, which is permitted, is often misconstrued as manipulation.
2. Then we have trades later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots.
a. The first category is sometimes used by financial institutions that are non-market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.
MMs are basically prohibited from these "Off Market transaction" as spelled out in:
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risk of driving the price upward or downward.
b. The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between them outside the clearing system.
The process used to balance street side transactions depends on the type of comparison generated and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way
2. Manually via Ex-Clearing. Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settle this way
3. See http://www.brokerage101.com/ for further education
is it march 31st yet?
flipper's dream~
TIGHT FLOAT. don't let this small volume scare you.
i agree, this will run. i took a position here and am ready! looking forward to it!
If you see any of these mms on the Offer/Ask, there is likely dilution going on, especially if the size is 10,000:
BKRT, VFIN, VNDM, VERT, CANT & PUMA.
And any time the size is 10,000, there are usually a LOT of shares at that price. Watch the trading. If there’s good buying but the price doesn’t seem to move: Dilution. Also if the bid gets a good size and it gets wacked: Dilution.
PixelMags generates revenue. We will find out soon enough. Very interested in seeing 2016 revenues.
this is actually an easy 100% from this level and that's short term.
a long term apple buyout is not out of the question.
the key thing about what you just said, and i'm glad you realize it, is "people" are selling this for .0002 not the company. i'd be more worried if we had 1billion+ vol days and this was still at .0002
Took a position here today. took forever to get filled. imho, this is undervalued in the 5s right now.
took a position here today.
i was just pointing out the similarities in the level 2 action during the calm before the storm. i sold katx at .15 on the way up. i always sell early because i'm a nervous, paranoid trader.
that was a broke miner's dream. it was a fun ride though.
i've seen this kind of level 2 before with KATX, and KATX shot from these levels to .25 within 2 weeks.
yeah wasn't expecting a last minute 7 slap but great day for all!
i don't think it'll go down to 25s but you might be able to get 35s and 4s tomorrow.
nailed the intraday. will gladly gobble up some 4s tomorrow!
i called a .0055 - .006 close an hour ago and it looks like 5s have decent support. tomorrow's a new day and 4s might be available. i will gobble up 4s tomorrow gladly.
not that far-fetched after all.
On track to hit Trip Zeros Tomorrow, like i've been saying this whole time.
if this hits .004 again i'm doubling.
.005 close is still 100% green.