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The company went silent since they announced the merger in May 2022 and they are behind on filings. The market priced the stock this low because there is a very real risk of them getting booted to the expert market, which would be bad. It's high risk, high reward.Definitely only play with money you can afford to lose, but that said if this pans out I think anything from .10 to $1 is a possibility.
Yes, Kim bought the shell to reverse merge DNAgo into it, which seems to be Han Bio trying to access the US markets. Them renewing their biz license I believe is a sign that they're going through with the merger. Same with the update in Officers at the SoS. It's all the same people from the DNAgo merger news from May 2022. I believe that is still on the table and finally is being consummated.
The bounce looks underway, look for many green candles to pop off from here imo.
On November 30 the company updated it's Officers list and renewed their business license with the Nevada SoS. First signs of life in way too long but now they need to get that annual report out so they stay off the expert market.
Well well well, look who just updated their officer list AND just activated their business license... $OCLG you dirty dog you!
— Professor Brainiac (@ChartDiligence) December 1, 2023
So I was wrong, Kim clearly hasn't walked away from this shell and now their business license has been renewed. Status went from default to active. I… pic.twitter.com/XBVfegF3yV
To the person who asked why don't I just clear the 0003s via PM, here's my reply to that. I have a lot of .0003s and have built my base position here, but now that I have a solid base I can afford to get greedier and try for cheaper shares. Why pay 0003s when the market is dead when I may still get 0002s or even 0001s? Especially since there is so much pessimism here, I'm holding out hope that someone still wants to dump lower and why would I stop them? If it runs from here without me getting .0002s and I miss more 0003s, oh well. If it does dip and I get more on the dip, then better that than paying .0003s.
That said, I will add more .0003s if the price stabilizes and I don't get any .0002s after some more time. I'm in a position where I don't need more shares but if they're dumped into my nets, then I'll take them. I'm in no rush.
Good to know, ty.
Cool, thanks for the info. Crossing my fingers we see them file in time to avoid the EM. If they can do that I think we're going to be looking at a heck of a 2024 for this beat down ticker.
This conversation with Schito is where I am getting my info from in regards to the cutoff for when we would get bumped down to EM. Where are you getting the new grace period of 15 days?
@Schito_74 I'm trying to figure out when/if $OCLG is going to go to the Expert Market. I referred to your helpful sticky post but I'm confused because $OCLG isn't SEC reporting. Considering how far behind they are, I would have assumed they would be on the EM by now. No?
— Professor Brainiac (@ChartDiligence) November 26, 2023
I started buying on the selloff reaction to the split, I definitely am aware of that.
I'm trying to piece everything together so bear with me.
— Professor Brainiac (@ChartDiligence) December 4, 2023
🔑 May 2022 Young Ju Kim buys $OCLG
🔑Initial press release states he is merging https://t.co/qKndqB2uP2 with $OCLG. Little to nothing is known about this new website or company. The site is unpolished and not ready for… pic.twitter.com/wHwzLGykzx
I would dump my position into the rally if they canceled the split. IF they're serious about uplisting to the QB and then Nasdaq, splitting is inevitable. Do it now and get it out of the way, then grow the share price organically through the news and IP updates. I'm building a sizeable position based on the reorganization plan and what I see in the chart.
Literally have traded the OTC for a living for going on 18 years, of course I know what happens on most reverse splits. I see elements here that make it a good bet, I have aggressively bought up the 3s for the past couple months and would love it if someone would sell me 0002s. 0001s would be better but I suspect there's no chance of that.
The market knows the split is coming, it's long been priced in, Saying the floor will fallout when the split is announced is just like someone saying a stock is going to moon when news comes out in a few weeks, but the market already knows the news and has priced it in. I'll be bidding just in case but the split is long priced in, watch for the price to snap back towards .001 as the news and reorganization play out.
I've been following $OCLG since 2020 and this is the first I saw the Han Bio connection, thank you random iHub poster!!
— Professor Brainiac (@ChartDiligence) December 2, 2023
Connecting the dots, I believe Han Bio is using $OCLG/DNAgo to take their company public in the US and access all that juicy capital. The entity that bought… pic.twitter.com/pHc1rKTbSc
Suddenly a pulse..
Well well well, look who just updated their officer list AND just activated their business license... $OCLG you dirty dog you!
— Professor Brainiac (@ChartDiligence) December 1, 2023
So I was wrong, Kim clearly hasn't walked away from this shell and now their business license has been renewed. Status went from default to active. I… pic.twitter.com/XBVfegF3yV
For a solid year this .18 - .20 level was the ceiling on a huge base of accumulation, and now we're giving the new support level a good thorough test. I'm optimistic we're wrapping up said test and gearing up to bounce. Hard. I think this is the most attractive risk vs reward level the stock has seen in quite some time.
Haha, very apt.
Come on Frank, Kim, Darling or any one out there. Tell us what's going on with this damn ticker!
I've put out a 50 million share bid many times and have had it out there for days. No fills. I'll keep fishing, everyone here says that this is going to .0001 and below after the split. Still no sign of actual dumpage down here. I'll wait, but I'm more bullish by the day. The fact that the bearish sentiment is still so loud is probably one of the best signs yet. This is a textbook contrarian play here, all the pessimism and negativity being directed at my posts is appreciated.
It's certainly possible, everything in life is a calculated gamble to one degree or another. If someone wants to sell 50 million into the bid, I'll be a buyer.
My point was that everyone who wanted to sell has sold. There's more demand at .0002 than there is supply at that level. If this was so obviously crashing lower post split, someone would be selling at .0002. The market is pretty plainly stating that this is the bottom. imo
Looking forward to the reorganization and updates.
Post reorganization with news/IP updates, the stock will have no problem holding .01. That's less than a $480k market cap, the market is severely underpricing $MIKP right now because it doesn't see the forest for the trees. Market cap and chart are at their floor, both have nothing but upside from here.
I'm definitely playing devil's advocate here, in fact I feel better about this play than any of my other holdings right now. Even if Mark is a scumbag, if he had the choice to either dilute a turd into the ground or dilute into a breakout to new long term/all time highs, he would without a doubt choose the latter. Having your stock breakout into higher prices, liquidity and trading exchanges is always preferable for a CEO, it's just much more difficult in most cases so the route to dilute into the ground ends up being the play called in the playbook.
This to me is pretty clearly a case where the breakout is a very realistic outcome, and Mark knows this and he has no incentive to just dilute this into the ground if he can avoid it. Between the news/IP updates and the chart, I'm telling you this is can easily move up to test break the .001 and .002 major resistance levels, but post split it will be .05 and .10 instead. The reorganization is preparing the vehicle for the trip to not just higher pps and market cap levels, but higher liquidity and trading exchanges.
If Mark was just going to split and dilute this with toxic financing, he wouldn't have gone to all of the trouble of reorganizing the company and it's stock. Honestly, even if your opinion of Mark is that he's the worst, I still don't think you understand that in this case/scenario, he's going to make sooo much more money by letting this take off. Even if you think he's going to dilute this into the ground, he's going to be able to dilute sooo much more into a raging breakout of a 12+ year base.
The market knows what's up, that's why I can't get any .0002s filled. If this was heading lower after the split, the market would be dumping now. The supply is way tighter here than it would be if this was heading for the cellar. I know I will catch all sorts of flack for this and I don't care, I know that there are others who are reading and will hear me out. I'm putting my money where my mouth is and have bought into this dip, and I want more shares if someone still disagrees and wants to sell to me.
14c filed just now
I believe I stand corrected. As far as my understanding goes, whomever owns $OCLG has until the end of Dec to get their annual report filed and stay off of the EM. Then they would just be required to get the OTC profile verified again by Feb. Crossing my fingers we see an annual filing in Dec.
Well someone needs to claim ownership and then get them current on their filings. I believe this will be looking at the Expert Market as early as this week if we don't hear anything, which seems like a miracle frankly if it were to happen.
If I had to speculate, I would venture to guess that Kim is walking away from the shell, though he appears to be keeping $NOUV updated so he seems to still want to merge. He may find another shell for DNAgo.ai. If $OCLG files and gets current then that will change everything. Also if OCLGtech.com comes back online, that would too imply Kim is still planning on moving forward with $OCLG still.
If Kim does walk away, my hope is that Frank settles this issue with Darling as he takes over custodianship again. I believe strongly that this shell is too clean and valuable to walk away from entirely, and that's not even referencing what I believe is a massive short buildup from the 2020/21 era.
It looks bleak and I wouldn't get my hopes up if I was blindly hoping for this to be the next trip popper, however if/when this issue gets cleared up and there's clarity on who owns this and what the path forward looks like, I think there's an OTC shaking squeeze waiting to play out here. I'm holding.
There's no set date, I'm just checking daily to see when the next update hits. We have some very critical details to clear up here, such as who even owns the shell at this stage, who owes Darling the debt now, and will there be a settlement of some sort worked out. I'll post the second I know anything more, for better or worse.
I was hoping I would be wrong, but the MMs really have control for the moment. Looking for the big boys to absorb this dip, I think they have their eyes set on loading the boat at .18 - .20, where mega support is sitting.
I'm expecting the MMs to give us hell today, hopefully it will set up for a strong reversal week next week. You'd think they'll have an update for us soon.
$DFCO spent a solid year basing under .20 and seeing more accumulation than it's seen since it's reorganization began in 2018. September's break of .20 was just the first wave of the assault, and since the .46 peak it's been a correction and consolidation phase.
— Professor Brainiac (@ChartDiligence) November 17, 2023
The volume on… pic.twitter.com/XrWsm67n74
Good question, it went down 2-3 weeks ago. It may be a sign that Kim is walking away from the shell, though that's purely speculation on my behalf. I have more questions than answers. Does Kim still own the shell? He's kept $NOUV current but not $OCLG, which again lends itself to me assuming he may have walked away from the merger deal. And if Kim doesn't own it anymore, does Frank? Who is Darling even going to get anything from if there's nothing behind the shell? I suspect we're waiting to hear from the courts and we can see who even owns this thing atm.
Curious to hear how this unfolds, but yeah seems like it would be a win win scenario to settle this smoothly.
Agreed. I'm anxious to see that finally go through and let the market digest it, for better or worse.
Last time the volume was this low was the coiling phase around .27 when we broke out to .46. Like SFR just said, there are more eyeballs on us now than ever, so this next trigger is going to be a bigger move than that nice pop was. The path for a strong finish to the year is wide open.
So damn bullish.
Looking forward to hearing more about the plan here. Cautiously optimistic and intrigued.
The Strike Is Over! SAG-AFTRA & Studios Reach Tentative Deal On New Three-Year Contract
https://deadline.com/2023/11/sag-strike-ends-actors-studios-deal-contract-1235566470/
$DFCO shout out in Degen Podcast @ the 32:00 markhttps://t.co/Tc191U2iGg
— Professor Brainiac (@ChartDiligence) November 7, 2023
He's full of it.
Beautiful action today, imo this confirms the correction is done and it's move back up time. Whether it's a day or two or a week or two, I think we're close to retesting .46 and breaking that. Then the bulls gain confidence and retail joins us en masse.