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This page is 15 minutes behind for anyone who does not pay :)
He gives new meaning to the words "SLAP THAT ASK" doesn't he?
Not sure how much time is left to load here. The E one which we're in too I think has a bit longer.
The ask has dried up nicely, a few hits and we'll be close to a buck a share.
Or maybe its a holiday? Banks closed? Ya Think?
A product approval or a Phase 1 FDA Trial, and this is a $25m market cap easy.
Thanks for the words of encouragement! We're hoping that things will change.....
HAHAHAHAHHAHAHAHA! That was great!
I agree. Been following a few other companies that have recently done this move, BUCS for one, and it was just over 2 months from start to finish.
We will be 2 months in days. Can't wait, glad those who are legitimate here had patience. Glad the rest got swept out. I know I got to pick up shares much better priced than I would have 2 months ago :)
I don't see the delay. They got bad information from somewhere, realized it was bad, hired a CPA and an Attorney and since that discovery never once said exactly when to expect the filings etc.
The attorney rightfully suggested that they do no announcements at all until they clear this matter up. I also have to agree with him no matter how much it pains me to see this stagnate. Any info released now would fall under the "Pump and Dump" category and that would be worse.
So pardon me for completely disagreeing with you about the "forthcoming" part. If you hired an attorney and he said "BE TOTALLY SILENT" what would you do? Hopefully you'd listen and trust his judgement.
Yep that ASK sure is moving up nicely now!
Hi BILLE. Hoping for green today! As for "in the know" I suggest you call the TA and find out the answers. Thats what I did.
Kinda quiet here, not for long i presume tho.
Call the transfer agent and find out how many shares are in Lou or Jim's name.
Easy solution. Answer is 2m Preferred. And that's it.
Think I may get my parents one of these for Christmas, they live in the snow could be good for them to get fresh herbs etc.
Who is planning on attending the CC? I think I'll be there.
I like the SS and no dilution here.
12 months plus 1% per 90 days able to be sold. IF he even has any shares under his name except for the 2M preferred, which have a cash value of $13000 bucks right now.
BINGO!!! hahaha I like the way you think!!
So your friends are buying and you're bashing... Lovely.
One of my best friends uses HDSN to buy and sell this, and he's not affiliated with the company.
Sorry. Faulty logic.
*Rolls Eyes*
Please prove this. Oh wait, you can't can you?
Ah well. Someone else bought them. Thing with stocks is when a transaction occurs one believes the price is going down and the other believes its going up.
and then cursing the company and making fun of anything that they can so ppl sell and they can buy more shares.
almost as bad as shorters.... both should receive the same punishment.
Interesting in that it doesn't say How he phrased the question, nor does it say who answered the question.
We both know that if he was insolent or demanding he'll get a very different response than if he was polite and courteous.
With that said, I'm not going to take a side until I see what Bayport has to say about it. I have a feeling that the majority of longs here are in that same mindset.
Hope you dont mind this format, sometimes its easier for me to answer the questions after highlighing them.
so there will still be 3 seperate entities? Bayport, ICBS, and Canwealth? but Canwealth will now be (prob 51%) equally owned by Bayport and ICBS?
That makes more sense. Based on some other info i read, it sounded like ICBS and Bayport would become one, but guess that's not the case, which is good IMO
Regardless of Canwealth's value, for me this verifies Bayport's claims and shows they really do have valuable assets in those properties. (as if they assays were not enough).
I think we're veeeeeeeeery close here guys.
lol Ok....
It's a joint venture with CanWeath Minerals who happens to be 51% owned by a triple-0 pinky.
ICBT is not bringing anything to the table other than 51% ownership in a mining company.
I'm sure we will hear more from Bayport on this as soon as they get the filings up to date. I'm surprised that they allowed ICBT to pr this today, unless they didnt know...
Waiting patiently :)
No Im sure they are not audited. And watching another company go through the audit process you may be surprised that they do ask for every scrap of paperwork.
The random part is the revenue and expense testing at the end of the audit. Thats when they contact a certain portion of inbound and outbound payments to verify their integrity.
Have seen a couple companies go through this and timeframes run 9 - 12 months. No fun at all.
Even with bookkeeper and Peachtree *Good software btw.. if I was choosing from scratch again I'd go Peachtree now* as you know a CPA still takes time to go through the data and check its accuracy.
I would guess that they still want to see original invoices and receipts if they were going to sign off on the expenses, I can assure you I would.
Remember it was a private company before this. Is an accountant truely necessary? I do not have one for my company, I use Quick Books. What do you do for yours?
They are good business men, but are not familiar with the Public Traded side.
They've got a staff now and we will see them impliment changes with regards to administrative items.
What they are doing is not fast and easy for ANY company let alone one where management has only a couple months experience in the Publicly Traded arena.
Look at HFBG how long they took, and that management team was in place for 2 years before undertaking the Current Reporting task.
They did their DD. They called Pinksheets and got the information direct from a rep there. They also got the wrong information. Now was that Managements fault for asking the wrong question or Pinksheets fault for giving the wrong answer? Since none of us were on that call we can only speculate.
This is a learning curve. If they knew exactly what to do in every scenario then they'd already be in another company. We're gambling that they will deliver and that they will grow. And that is all I can ask.
You do understand the delays and why right? Here is a good example of what it takes to become CURRENT and the paperwork involved....
Look at BUCS filings. These have taken them months to do. OTCMarkets.com gives daily updates on what companies have moved between the tiers, and looking at these gives a good understanding of what the timeframe anticipated to get things done is.
Remember that Bayport was told at the first of September what the rules are for a Current Reporting company to rid themselves of the CE sign and did what they were told.
Once they were informed that it was not that way, it was the middle of September and have been working on correcting this. This meant interviewing and hiring a CPA and an attorney. Having a face to face meeting with the attorney. Receiving solid checklist from OTCMarkets and the attorney on what is required. Providing the CPA with every scrap of paperwork for expenses, revenues and assets from the beginning of the year. Having the CPA compile this data into a year to date and quarterly reports. Having a "Disclosure Statement" created incorporating as much past data that can be realized.
The "drama" that has occurred here is partly due to shareholder ignorance (IMO) and is combined with the company not really understanding the magnitude of the task they have undertaken.
Most penny investors have never been part of a company going from STOP or YIELD to fully reporting and have no clue as to what is needed. I have watched 3 companies go from true STOP to Current over the last 2 years (while invested) and every one took 2+ months to complete the task.
While I wish that my trading account would miraculously double each and every time I buy shares of a company I realize that won't happen. All I did was buy shares in the open market from someone who was just as convinced they would decline in value as I was convinced that they would appreciate.
So what we have now is a battle of patience. Those of us who are planning on taking this ride to the end destination are not at all concerned, as we have charted progress, and that has been realized according to the NORMAL timeframes that other companies have achieved Current Status.
There is nothing taking forever here, except for people who are looking to flip in and out and have now found their money is "tied up" and they feel it could be "working for them" better elsewhere.
To those, I have to say sorry about your luck. To the true longs who are not whining every day about this not moving, I say CONGRATULATIONS. We have seen only 1 day where there was a selloff and look! We are back where it was pre-selloff. And that person stated it was them and apologized as he had an emergency forcing him to vacate his position.
So the long and short of this is your timeframes were way off. You've stated that in 4 months nothing has happened but in reality the pps here has gone from .003 at the merger news to .012 for a 400% GAIN and has retraced back to .0075 where it is now, which is a 150% GAIN.
So those of us who bought in PRE R/M are still up massively on our original purchases. Am I happy? DAMN STRAIGHT I AM! I'm smiling EVERY DAY over this one!
Flippers get mad when they put money in for a week and it hasn't doubled.
Then they whine.
Sorry, how do you get 5 months? The change was done in July... that is 4 by my math.
When your money no longer works its time to move it and move on.
Agreed! And that will come with solid information not based on speculation. That will be the better run, and will be more consistant with its top price.
Just gotta be patient is all.
Of course they are not audited. Audits take a year, and are only needed for uplisting to the QB.
Not sure how you made that mistake, but if you take a look at any other company on pinks that has recently gone from STOP or YIELD to Current you'll note that their fins are not audited.
Penny stock investors are very fickle. When the company does what they think it should they tend to gravitate to the stock and buy.
When the company does not respond, they either move on or continually whine, depending on their personality.
Strangely enough, those who leave and whine tend to come back in droves when news is finally released. This is no time to panic unless you're dependant on your investment budget for day to day money. And if thats the case you may want to reexamine options.
Good luck, it'll be here when its ready.
Welcome aboard! This should be fun for the next couple months or more! Hearing that there is the potential for some GREAT news here.