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This board is about the shell ticker CERPQ and not the company Cereplast inc.
Your content as is your opinion about this is invalid.
Cereplast Inc is dead and gone, no one here is interested in what they owned, did, or didn't do.
"Okay and what assets did they have, usually debt holders first in line. What was the settlement?"
Maybe keep it to yourself then?
I'm all for it. I'd just prefer a healthy chart.
Been in this since March. Not really in a hurry. A few days makes zero diff to me. But in my experience, fast moves bring the worst type of traders. Just IMHO
seems like it will test .03 or higher today.
nice.
.04 today is a stretch.
Let her churn.
great find.
Just lurking long here.
Can you post this exchange?
How long ago was this?
CXCQ has been uncharacteristically frustrating.
shares were being sold/diluted.
tic toc.
For this price, the spread is not that bad given the float.
Chart says accumulation, though you don't really need a chart to figure that out.
Their last filing indicates OS around 22M.
Folks still sleeping on this one.
Didn't another ticker go through something similar this year?
It depends on the context. In this context, it is considered a good thing.
If you are new to custodianships, i encourage you to visit ranimaker's page to read on his summary of the stages for a reverse merger. His steps/stages are quite old and in some ways outdated but it is simple and helps you to begin to understand the process.
A dead company goes through many stages. They either stay dead or:
shell -> custodian change -> current -> reverse merger -> new entity
All stages bring about different percentages in returns for investors/holders depending on the share structure and value/revenue profile of the new entity. As a lot of unscrupulous people use RMs as a means to gain control of a shell to use as a credit card, i generally favor entry and majority exit before the new entity takes full control.
$CERPQ Notice of termination of registration.
https://www.sec.gov/Archives/edgar/data/1324759/000121390019012562/f1512b071219_cereplastinc.htm
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g)
https://www.sec.gov/Archives/edgar/data/1324759/000121390019012562/f1512b071219_cereplastinc.htm
Is this a Lazar shell?
give it time...
I sent you an email a few weeks back.
I will present $BHPA (formerly $SRDP) as a case study.
Motion to terminate was filed on or around 01/09/2019. Remember that the current chart shows post split numbers so the volumes are much higher.
Based on this chart, we can confidently estimate that a month or so from now, a new company will be announced and we should see pps reflect this fact. Depending on the details of the deal for existing shareholders, we can see life changing numbers from here.
But, i will wager that .1c will be baseline before any of those details are released. Enjoy the fireworks.
Some folks have been in here since the trips. They are getting top dollar at these prices. Different strokes, different folks.
Agreed. I almost lost my head when I saw .011s being offered. Scooped up a sizable reload the last time. Another set of 1s will indeed be a truly undeserved, but very welcome gift :D
I am in all except a few of those and a lot more non-lazar tickers.
Based on your advice, I find them early, often before the filings hit so my initial monetary commitment is little and is multiplied significantly by the time filings start to hit. By then I'm able to take out my initial investment for something else and let the play go where it may.
Are you saying you don't feel these will be sold any time soon?
$CXCQ was a big disappointment, I agree. But unless you came in during the later stages, i don't see how you'd be in bad shape on most of these (save a few).
AFAIK, Lazar only has about 10-12 shells, not 24 (unless you haven't updated your list)?
I'm not sure I understand.
Yours is one of the playbooks I learned from and direct folks who are new to read first.
This is still a custodianship stage not an RM.
It becomes an RM when documents are filed indicating such a change.
For a late stage custodian, given the real float (a significant number of these are not traded and held at much higher pps by folks from now defunct company), i think those buying here in anticipation of the RM are getting a deal.
I've followed you carefully for a while. This post is uncharacteristic (and that's stating it generously). Would you care to provide context?
Don't think so.
What an idiot that person is.
How on earth do you kill a run by putting up 1.2M shares on ask.
What a full on retard.
LoL.
Could be a wall for loading. Very likely.
I don't know anyone that'd be that stupid to be quite honest with you.
There's a difference between hype and pump.
The hype is on because this is a late stage custodian about to go full on RM.
The folks causing the hype are those who are experienced in or prefer the RM stage entry. They are the early comers who the chasers will be buying from when the RM is announced and the stock hits .2
Different risk profile, different rewards.
There is no pump here. The incoming company will be valued higher than a shell and so there's little place to go but up from these prices.
Will there be pull-back? Yes, because there will always be folks following the hype, having no clue what's happening, who will foolishly dump into hands like mine who will be happy to relieve them of their shares at lower prices... then sell it back to them at 10x when the RM is announced.
GLTA
1.3M ask at .03. Really?
Someone is asking 1.3M at .03?
One for the record books for sure.
You were probably in the original company/entity named White Mountain Titanium Corp. That company is dead and buried. The ticker $WMTM has traded as a dead "shell" for a while. Recently, around March I believe, a firm that deals in shells took over custodianship of the ticker thereby gaining sole rights on the dead shell.
With this move, they usually update records, provide financial disclosures and bring the ticker current. The goal is to sell the shell to a company looking to go public through a reverse merger process. With this occurrence, a new company takes over and subsequently changes the ticker and other financial information based on the new company.
When this happens, old holders usually get some stake in the new company. Depending on the deal for existing shareholders, share value under a new company will be significantly more than it was as a dead shell.
How many shares do you own?
Depends on where you want to get in and how long you are willing to wait.
Lot's of good ones in the 1s and low 2s.
A few in subpennies.
Well, well, well.
I C U flashing .004s. Someone looking to buy this shell?
LoL.
The only 'pump' here is speculation of the value of the merging company.
Anyone new here who wants to know what's up can message me to get the facts right.
Filings and court documents are all available online.
We don't know the value of the company coming in so yes, this pps reflects anticipation. But given trends, i'd say .1 value is a conservative target.
GLTA!
New (or even seasoned) traders need to take this first sentence to the bank. The value of this point cannot be over emphasized.
Bag holding and being stuck is precisely a result of dilution. The true value of each share continually spirals down because of dilution, which means you will likely never see that value again unless you get a pump. But a diluting company will dilute into the pump ensuring you never see such values again.
The only way out is by averaging down massively and getting out at a lower average. Or cutting your losses and investing elsewhere.
A fixed share structure is guaranteed* with a custodian play. It is in the custodian's interest to retain the SS because his value is tied to the integrity of the SS. So he is working for and not against you for once.
Gains here are held. Do not let the spread deceive you. It is indicative of pragmatism and herd mentality.
Be patient, stick to strategy, and you will realize gains that were very common in the otc back in the day before abusers started gaming the system.
This is going to catch lots of people off guard.
it will reset to .02 support soon, then .03+
06/27/2019 Status Report
Custodian Status Report
Is the last activity pertaining to this shell.
Then granting/appointment was largely uneventful.