Trying to retire as early as possible
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Agreed....I do like the $11k bid at .022....I have no idea who it is
Loved the green close today....completely at a loss on why they couldn’t file their fins during extension period....smh
All I’ve been able to get out of anyone is that the old company that traded as RNWR was a mess and that they are getting everything straightened out.....Taking over and cleaning up dirty shells is quite the process....it’ll be worth it though...
They will right this ship....and it will sail....with a very nice tailwind behind it....I am very certain we will be having quite the cinco de Mayo party onboard.....get your tickets!
They really can’t keep it private....it’s publicly released thru Finra.... https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
I had to remove the pics I posted in the Ibox as they were not used with permission....It turns out some of those pics were not intended to be released to the public...no worries, gotta keep this board legit....Ill only be posting mostly links unless I get permission to do otherwise..
We must be getting close here....
Yeah....they’re taking in like $1.5ml in revs almost every weekend lately ....it’s crazy....
Give this one more week....by next Wednesday all should be well here....somebody got antsy and dumped out of a 50k share position today....or possibly 65k....better to get them out of the way now....big mistake selling here imo....
I’m anxious to see the fins myself....some of these more recent developments happened after 12/31....so the “subsequent events” section (if present) should have relevant info on post 12/31 happenings....should be an interesting read....if they file an nt10k they get 15 more days....but I’d much rather see them tomorrow....
They were granted 600k+ shares a a settlement fee....since they had no cost basis....they could sell that first lot for whatever price they could get....it appears that about a million shares were converted in addition to the 600k....at .015 conv price that would pay off $15000 of the debt....they won’t convert big tranches until volume picks up and price stabilizes....Ceo seems a little disconnected with reality when it comes to these 3a10s in pennyland ....this could have been one of the best stocks of the year without that damn 3a10....
I would have to think these guys must have some kind of plan to get price up....I guess we need solid fins out first....then acquisitions....these debt settlement companies need to stop routing thru Otcx all of the time...it scares away many people when they are on ASK...You are right that they can convert more at a lower price ...during the lookback period each time....
Since the 31st falls on a Sunday....10k (or nt10k) filing due Monday....
CEO McCabe wanted to clean up the books here very badly....but the 3a10 holder doesn’t want to wait for news....at the same time, I doubt they will willingly sell at a loss..few will slap many shares on the ASK when MM Otcx is there....
The 10k should give us a clearer picture of where things stand....mr McCabe May be underestimating how badly these guys want their money....I underestimated how much of a pain the old management/founders would be....
Can’t wait! It’s holding up everything....
Thanks for the info.....need fins and acquisitions completed here soon....
I only know that they settled some old debt thru a 3a10 settlement....I guess that would be thru MM Otcx ....he’s basically scared out a lot of people....I’m pretty sure that their 10k filings s be due by next Monday....I have no status on their acquisitions at this time....they aren’t that chatty....
Looking forward to the $1 run....that would make my year!
We actually held up well this week....even today....somebody is buying into this stock even at .10 ...mostly Ask slaps with very little bid support.....they must know what’s coming....it’s been hard to endure this wait...but I know it’ll be worth it....company had 4 events last weekend....60k participants at least $25/person....staggering Money coming in....I topped off my position to a very round figure this week too....I’m done buying and very happy with my position atm.....
This stock will take otc by surprise....they won’t even see it coming....this 8ml float is getting pretty much locked up....we finally ran out of shares at .10 today....once everything comes thru...there will be nothing to hold this back....especially after they announce new ticker, alert all of their customersthru email and/or social media that they are public, start releasing PRs and filings to go current, and guidance going forward, make acquisitions of new events, and lord knows what else....this will be the stock to hold this spring and summer imo
Ok....fair enough....I will not post again until AWSL hits an intraday high of .125 ....at which point it be a one bit Stock!....I shall return! Possibly even this Thursday....See ya soon
I will say that it wasn’t me buying....or anyone close to me,...but I like it....it’s either a coincidence, or somebody else counted 45 days and knows the name and ticker change was scheduled to come by today or Monday....
I just was informed that the discrepancies/errors in the transfer agent had to be fixed before anything can be changed with the ticker at Finra....I guess we should get our answer/changes by next Friday or I’m just a cotton-headed ninny muggins ! :)
Stay tuned....I can’t wait! Then things will get crazy in here by EOM
Huge seller showed up....but somebody gobbled up the shares...highest volume in forever....
I saw the buying....very nice....I found out that when they tried to change Transfer agents a month or so ago, there were some issues.....since it wasn’t all ironed out as of yesterday, they had to manually go thru everything to find the discrepancies....I guess that’s why they wanted to switch transfer agents...I was assured that they have everything under control and all will be well here by the end of next week...fwiw...
I’m not going anywhere.....
I just slapped Otcx off ask ....let’s see if he returns
Maybe that million share seller decided to whack out
Hmmm....they are going to release a PR on a Friday ?
Peeps coming out of the woodwork now.....whose the clown that keeps dropping 500k bidwhacks Lately ?
I have a feeling they will be utilizing their social media accounts and millions of email accounts (of participants) to get the message out there....but it only makes sense to do so after the name and the ticker are changed....I’m fairly certain they want no confusion going forward.....my thinking is that they may do an offering at some point to raise more $ to expand their events....and eventually uplist to a higher exchange...but that’s down the road a bit....
It all comes down to name and ticker change thru Finra.....that’s all that’s holding up progress here....normally see them come thru in about 45 days....so basically this Thursday/Friday if I did my math right....they have no control over Finra processing it any faster.....
The last time they did an offering for a company, Duuo, they received about 10% of the commons and another 5% equivalent in preferred, which they converted into commons a year later....unfortunately , that company never amounted to much and had no buzz at all....they didn’t do an actual ipo to issue new shares on Duuo , they just allowed people already holding shares privately to sell publicly..but no interest from market...
This one is generating interest in its ipo already....if they actually value the company at $150ml and get 10-15% of common, preferred, or warrants....you could be looking at $20ml in potential income/capital gains over next 18months
We need a timeframe on this...from management..for ipo
Wow....I was too busy at work to notice the lack of bid support but damn....you were right....we need this name/ticker change pronto
https://obstacleracingmedia.com/podcast/terrain-race-cool-events-ceo-bill-spata/
This is a very long interview w/ ceo Bill Spata....
What bid? During market hours or now..?
My understanding is that they applied for name/ticker change to Finra on 1/28.....usually takes up to 45 days for those....that would mean we should see it come thru this week....they were also slated to have their 2 yrs of audited fins done by mid March so things could get wild around here very soon...imo
I was too busy at work to look at L2 today.....but I see we got gap fill....beautiful recovery too....we should be golden here now....ASCm needs to get out and stay out.....
Wow....nice buy...I see the new auditor was posted ....I would think it may take a while to get the 10k audited though now....incredible SS....not sure who’s trying to merge in here..
The original company trading as $AWSL had no money to pay that debt arrangement...... that company had nothing....so this ticker was basically surviving as barely more than a shell....so they put it up for sale..... Then Watson energy Investments paid a fee to take over and essentially took control via REverse Merger....no company in their right mind is going to pay $5ml or more in cash to take over AWSL in the condition it was in....
Watson Energy investments does around $10ml revs per year. They publicly announced they are purchasing assets from Abraxas petroleum $AXAS in the amount of $14ml ....so I will continue to post this info because it is true....they released it as news and in filings....Their business partner in drilling is legit too....usrdrilling.com.
Eventually this company will change its name and ticker symbol....for all I know maybe they already have submitted a request to Finra? Their fins are due by EOM, so I am eagerly awaiting them as well....but for me, the acquisition/mergers are my primary interest in this ticker. Their last Filing stated they will update us on them over the next few days and weeks.
I’m not going anywhere....somebody has accumulated almost 2 ml shares here...plus the ones my family and friends hold...I admit these otc tickersdo things way too slowly and really test ones patience.but I think I have uncovered quite a gem in the rough here...I have all of thetime in the world to wait.
The preferred B shares were set to get “called in” by the company as of 12/31/2018 at $1/shr.....obviously they had no money to make that transaction....well over $5ml would have been necessary...
Since the party that held those shares, mr Wilkes , is still an exec in this company, he is an insider and can’t easily sell the new preferred A nor the 14ml commons he will be issued....the commons would have been restricted for 6 months anyway....
Basically, at this time, the tradeable float won’t be affected...they didn’t want to bring assets in and then have him “claim” them as collateral for his preferred B shares....they wanted a clean slate....I’m impressed they went through a lot of trouble to clean up the books and bring a viable energy company in....
Liquidity is an issue at the moment....but once they start completing acquisitions....I’d expect a lot more shares will be traded every day....there are many who plan on holding this play for quite some time....making this trade very thin...if they successfully acquire the assets they are slated to, this will get a lot more attention in the markets....
Just need the name and ticker change approved by Finra....then everything will start to go....based on 1/28 submission, and 30-45 days typical processing time, we should get it some time between tomorrow and 3/15.....plus they have 2 years of audited fins to release, which are scheduled to come out in mid March.....that would make us current.....plus, the tradeable float here (shares in deposit at DTC) was about 7ml per company....this could really surprise many on just how fast this could go up in a float lock situation if they send out notices to their 2 million participants via email and social media that they are now a publicly traded company....this is one of the most unique situations I’ve ever seen in the otc...that’s why I have a good sized position and decided to become a mod.....it’s a long term hold for me
Nahh....I think they meant to put 2019 on that, not 2018....
All of the new shares they are settling with the old preferred B holder are restricted for at least 6 months from when they are issued. Including the 14ml commons.....so the tradeable float is unaffected by that transaction for at least 6 months....which is nice....now Gilda can’t harp on the old preferred B holders casting a shadow on the stock anymore...plus it looks like all other old debt is cleared off the books now....
This settlement of debt w continuation capital caught me a bit off guard though....they reserved a lot of shares for the transaction but they do that to cover “worst case scenario” ....I believe they can settle that debt with as few as 10ml shares . CEO stated he wanted books clear before moving in substantial assets into the company. This is referring to the to acquisitions that are pending. He obviously wanted a clean slate going forward with the new company. It just took longer than expected.
We should see audited annual fins for new co. By end of March. that coupled with acquisitions and securing of $20ml credit line should get the volume here to chew thru that 3a10 CEO alluded to these things in that Filing.
Well....today was supposed to be .10 according to my crystal ball....March 17 was supposed to be .25. It seems I need to get the crystal ball recalibrated! Seriously though, this new company needs to keep shareholders a bit better informed....
Who keeps painting this down with tiny sells.....??
You’re welcome....i have to switch to my other computer to get some pics on here to update the box.....coming soon ...I hope