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Lol OK whatever man. Live in your fantasy world.
I'm just talking theoretically at this point. He doesn't seem to grasp the concept that penny stocks can do almost anything they want without major consequence and the reality is, under the right terms, it's not an impossible scenario. Still don't think it's the case here but it's possible.
I'm just talking theoretically at this point. He doesn't seem to grasp the concept that penny stocks can do almost anything they want without major consequence and the reality is, under the right terms, it's not an impossible scenario. Still don't think it's the case here but it's possible.
A type of corporate restructuring. Spin outs occur when a corporation breaks off parts or divisions of itself to form a new corporation. The new company that is spun out brings with it some of the parent company's assets and equipment.
Read the last sentence. No it's not. By its own definition the new shell is allowed to absorb the ASSETS AND EQUIPMENT.
Agreed. Unfortunately all my posting is making it seem like a bigger deal to me than it really is. It was purely a hypothetical scenario I was trying to disprove and i got caught up in answering people
Hahaha so does every other CEO. But somehow almost all pinks are scams run into the ground by CEOs with the same fiduciary responsibility.
I don't think you're understanding my scenario. BTZO would still exist as a publicly traded company. the only difference is it would have been diluted to the max and all the operations move to the new company. therefore BTZO would still exist but all operations and business (or the bulk of it) would be moved to the new company.
Yeah i mean it sure seems like it would be right? If it were legal, every company would do it.
He wouldn't be getting rid of us. He would be running this ticker into the ground to fund the new ticker.
I swear I'm not trying to create fear or buy ones or anything crazy. Just trying to disprove a theoretical scenario. Thanks for all your commentary on the matter
I'll have to look. I saw it but just tried to skim it. I guess I'm asking what prevents them from performing my scenario. It doesn't sound like anything I've ever heard before. I just like to have my doomsday scenarios lined up just in case.
Casino killed me. Lol
Because they could just afford themselves the same situation with the new company. They're the creators so they just dictate that they get shares. Basically my concept is the BTZO is on the brink of success. So after they make, fund and shift operation to the new company, it'll take off.
Okay but that's not answering what I'm asking. As i said, driving and reading stocks isn't easy so maybe I've missed something. But my question remains valid to the best is My knowledge
Any chance you can expand on that for me? I'm on hour 4 of a 7 hour drive home from Atlantic City (where i got 7 hours of sleep) so my researching and comprehension abilities are limited lol. I didn't mean to make it sound like they'd for sure screw us but it's possible in my scenario (unless I'm missing a major caveat)
What part of that post implies it won't be publicly traded. It sounds like they're going to do their own form of reverse merger by buying into that company and moving all products and services to the new company. It would be a genius method to fix all the problems with BTZO share structure and such. I mean they Def could be doing something else but that would be an easy and cheap way to pull the rug out from under us.
Uhhh doesn't that make it sound like they're creating a whole new company. Would BTZO still get credit for the spin outs revenue?
Because what I'm reading is this makes a whole new company that the parent company invests in but has no direct correlation to. It also says it can take supplies and goods. What prevents them from using the spin off as the new BTZO by moving all their products and services there then diluting this to create the "investment" in the spin off. That would make the spin off flush with cash, restructuring the shares and rendering BTZO nothing more than a figurehead.
Uhhh doesn't that make it sound like they're creating a whole new company. Would BTZO still get credit for the spin outs revenue?
Because what I'm reading is this makes a whole new company that the parent company invests in but has no direct correlation to. It also says it can take supplies and goods. What prevents them from using the spin off as the new BTZO by moving all their products and services there then diluting this to create the "investment" in the spin off. That would make the spin off flush with cash, restructuring the shares and rendering BTZO nothing more than a figurehead.
Nothing about a reverse in the 10k. Excited for this week
Tomorrow/this week better be our week! I could pass the BAR and become Waynes lawyer in the time its taking them to approve. He'd be crazy to be so communicative just to burn us, right?
That's what it sounds like which is good enough for me lol. Is like to do where this develops. There's a lot of secrecy shrouded on the 10k
I feel dumb asking this but we're 100% sure this is the guy?
Try E.
Try E.
Well if i remember a post correctly, they had some sort of connection with CK (one of those companies with a person's name in the title). Depending on if/how much that experience/relationship is embellished, that would be an almost unreal scenario for a start up clothing company.
And you can't figure out maybe youre looking at the wrong one. There ARE 26 letters in the alphabet lol
So we've confirmed that stuff we found is really koka? Sorry on the road so my access is limited
I'm on the road today, headed to Atlantic City to spend some money, so I'll be happy if the news holds off until AH! any indication when the fins get completed? Either way exciting times at ungs. Pumped i got another 2.5 mil this week.
You and me both, brother. Underwhelming 10k aside, i think we've got a long term play here if they grow this right. I'm hoping they 3x their revs this year
Have we talked about this before. Exact thing thing happened to me. So excited for the future
Agreed on restructuring. I think they'll have revs strong enough to pay some of the debt that created the o/s explosion and buyback
I'm thinking based on what I've heard of him, it'll be like he drops a huge textbook of information in front of us and goes "here" lol
UNGS
Do you get the impression (with how callous Wayne is) that we'll get one big release with all information on it or do you think he's planning a multi-release party?
What time they making this release? Might try to jump on with a few million
How do i get these .0000 shares that traded?!?
What Does this really have to do with hillary?
START THE COUNTDOWN
In positive i added more yesterday and today. Sorry it was on the bid but why not get 100% more shares?
UNGS
Someday but not that soon
Alright in ask seriousness I'm done arguing as I'm just messing with you lol. good luck in your future investments and i sincerely hope you make 6 figures because the money is the motive. I think BTZO is gonna go better than you think in the long term
Sure posts are all there and I'm sure you were truthful in all of them. Anyways you don't like BTZO? that's fine but if you wanna learn how to trade, we can team up sometime, newb. Good luck on your future "six figure" ventures.
Don't worry. We AAAALLLLLLLLLL believe you. ;).