"Before you embark on a journey of revenge, dig two graves" -
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$HDUP - yea then you might have seen it more than I have (someone selling to fund the effort) but I'd bet we're close!! LOL I've been playing "pennies" since the 1980's.
This is why I think it's different than what we've both seen. One of the biggest things I got out of that little video show n tell from last year was when Mark said, "I get calls everyday asking how they can get involved in this new venture". Remember he was part of the Nelson Mandela Foundation and would one think that maybe he met people with money?
Mark doesn't come across as a promoter, the types we've seen in the past, I'm guessing on this and I've never spoken with anyone from the company...but I don't think funding is an issue.
$HDUP (again, IMO) so we know that one milestone was completed, from the 8/16/2022 PR: "has now completed a major milestone in the acquisition of Spinola Gaming, a leading Global Lottery software provider.
This step in the acquisition process of Spinola has now been completed with the buyout of all previous 3rd party shareholdings of the group of Spinola companies. This step now allows for HeadsUp to complete and finalize definitive agreements for the full acquisition of Spinola and its related companies. The buyout of these shares was imperative for HeadsUp to acquire 100% of the company and its assets which includes Licenses to operate across various European, Latin America, and other regulated markets."
My take is that Spinola did NOT want to proceed with the acquisition until a few steps were completed. Primary among those would be a merger with the SPAC and the proof that this is going to Nasdaq. If I was in control of Spinola and the company helped me buy out my previous partners and 3rd party shareholders, then that would be a confidence builder and all that's left is to prove that you have a SPAC.
I think that as a company I wouldn't want to be acquired until it was guaranteed that we were going to Nasdaq, (which opens the door to European exchanges) especially if I was the one with the revenues. Too much risk that I end up on the OTC Mkts.
So we definitely have some entities that need 2 years worth of audited financials which meet the GAAP standards of the SEC and I'm guessing on this but from past private placements I've been involved with that can easily be $40k to $50k per company being audited. It's a challenge.
Then in a tweet several years ago they mentioned that they were in discussions with regulatory bodies including the Alberta Regulatory body (to get the CTO removed), the US, and "markets outside of North America". If you follow Kellner on his Facebook link he has twice (that I can remember) said he's over there (London) meeting with Hedge Funds. If you look at the investors in the SPAC (Parsec Capital Investments) you'll see that one of them has links to the London stock exchange and the AIM exchange exists to help emerging growth companies. Read some of this: https://www.londonstockexchange.com/raise-finance/equity/aim - they say they will act as a bank with your stock as collateral to help you grow your business...think about that. "A market where companies can use shares as currency, to make acquisitions and grow the business."
Think of it this way, you control Spinola, you live in either Malta or Cyprus (he has offices in both) and do you want to trade on Nasdaq or the AIM? The AIM doesn't permit shorting so I'm expecting a double listing. The Nasdaq and the AIM.
Now we're talking about even more money and more effort. You need to have both Securities attorneys for the US and for London. I think we're going to have to either be patient for a while or sell. I've owned this for 3 years. I can wait a few more months, I think it will be worth it. Just an opinion.
$HDUP - this is a personal opinion so it's not based on fact but I have been trading "penny stocks" for 40 years. So I don't think it's far off:
If you look at the filings and "news" on OTC, you'll see that they forwarded $750k to Spinola to pay off the original investors in Spinola. The Kellners were the ones who put up those funds. It's why they have the share count that they do.
But there is something important that it tells us. They do not have funding. So they brought on Shields Legal Group to take them to Nasdaq.
https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Provides-Corporate-Update-on-Business-Plan-Expansion-and-Milestones?id=322184
It's the first item that they mentioned. Shields brings in Parsec, 17 miles down the road from Shields office and each one of those investors does business in markets that require they register with the SEC.
This is my guess. But I think that this is correct. I've been an investor in more than 20 deals and there are tiers of investors. The 1st tier is those who are willing to take HUGE risks for HUGE payouts. There are several tiers that follow.
So I think that getting Parsec done was for all the Registered (SEC) entities to get Parsec (SPAC) merged with Enteractive which says on the GameChangerz website that they are an HDUP property. That would then bring in your 2nd tier of investors. It takes a lot of coin to have each entity file SEC annual reports. Listed by HDUP as their next step: "HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year-end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions." From the March 15th announcement on OTC Mkts.
I think they likely got funding but now a whole lot of entities, including Spinola and HDUP need "audited" financials for the last 2 years that meet the GAAP standards required by the SEC. I think that's where we are at...it's going to take some time. Almost no company keeps their books that conform to those standards and it will take $100's of thousands for everyone to convert. So we wait. When it happens, I think everyone will be rewarded for their patience. GL
$HDUP - I understand that thought but the Kellner family has 70 mil shares and they are not the ones who are bringing in all the deals. And we haven't seen how Spinola will be treated, they will be the one bringing in all the revenues. Do you think that Mark and the Spinola want to be treated less than the Kellners?
$HDUP - it could be but might not be.
If Mark didn't use his value to get shares in HDUP...I think it would suggest that we're in for a haircut. Meaning a reverse/split. The question, after all of their post that they were trying to protect us, is this...How will we be treated?
We won't get that soon. I think they will make sure we have a profit but never promise anything more.
$HDUP for those who worry about the daily share price. This is an opinion and I'm the first to admit it might be wrong.
But they told us the following:
HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions. - 3-15-2023 https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-Targeted-for-Completion-of-Reverse-Triangle-Merger?id=393304
To get Audited Financial Statements for each entity merging into a Nasdaq stock, takes tens or even hundreds of thousands of $s. If you thought that this would happen overnight, then you're in the wrong stock. It's going to take some time. And...that assumes that they raised money to pay for these Audits.
$HDUP - We'll just have to engage in a little debate on this. GG seems to play the role of coming up with ideas, but it is Spinola who understands how to create a system (software/program) for those ideas to work
From Sept 28, 20221: (OTC: HDUP.PK) is pleased to announce that management has been working on the acquisition of a major European based Gaming Software Development Company specializing in creating platforms for the lottery, online casino, charity fundraising and sports betting sectors.
NOTE: "GAMING SOFTWARE COMPANY"
Over the past 90 days HeadsUp has secured the rights to acquire all assets, licenses and contracts of the target company whose name can not yet be released as per NDA and disclosure requirements within the Agreements.
August 16th, 2022: Spinola's current contracts span from Key market operations in Colombia, Peru, Brazil and other Latin American markets These regions represent the strongest growth for lotteries and one of the biggest opportunities for Spinola/HeadsUp. In addition to Latin America, Spinola has new Projects scheduled for Release in Q4 2022 in 6 African Nations and a first-time National Lottery product in The United Arab Emirates which is set to launch the World's Biggest Lottery Jackpot across the globe.
The recent acquisition of LotteryHUB partnered with Spinola's products and services will now see LotteryHub become the World's first global Lottery Marketplace solution with key partnerships being sought for various European, Asia Pacific and US based operations.
I think Spinola is like MS, they provide the software that interprets the goals of each offering on GG world. GG world will come up with what they want to accomplish with the offering, whether that is in gaming or charity, and Spinola will provide the software to present that to the public.
$HDUP - I didn't say Malta was their Corporate Address, just that they are registered there. The CEO shows his office as being in Cyprus...I hadn't seen that their headquarters was in Cyprus but the point is mute, we both know they have roots in Cyprus and Malta. The question is this; does it change your opinion about the company? I don't think it does.
$hdup I think it's through this website:
https://lottopark.com/
you'll see that they have; "GG World Keno and GG World Lottery"
$HDUP - I agree...everyone acknowledges that he is the horse and the jockey in this opportunity. I've wondered if he monetizes his value when we get to the final product, i.e. Nasdaq.
The other thought is that he might want to get a piece of any entity trading on the London Stock Exchange? I'd think that they would start on the AIM. And on the AIM, traders can't short the stock. Here's what the AIM has to say about itself:
London Stock Exchange's market for small and medium-size growth companies
AIM provides companies from a wide range of countries and sectors with access to a diverse set of investors and a supportive advisory community, who understand the needs of entrepreneurial businesses.
AIM has developed into the world’s most successful and established market for dynamic high-growth companies supported by a remarkable community of companies, advisors and investors.
AIM helps founders and entrepreneurs fulfill their growth ambitions and potential.
Why join AIM?
A diverse and highly knowledgeable investor base keen to provide capital to support growing companies. AIM companies have access to a range of institutional investors, a vibrant cohort of retail investors and, thanks to London’s unique status, an unparalleled pool of international capital.
Promotion of the company's image and brand on an international scale.
A network of advisors and liquidity providers who understand the needs of growing companies and are able to support them throughout their journey as a public company.
A regulatory approach that is specifically tailored to the needs of growing companies.
A market where companies can use shares as currency, to make acquisitions and grow the business.
The opportunity for companies to improve employee commitment by using shares as an incentive to encourage their long-term motivation.
A market where founders and management can run their business with the support of a wide range of investors.
https://www.londonstockexchange.com/raise-finance/equity/aim
$HDUP can you provide any evidence that he quit being CEO of GG World?
This is just an opinion, but the company has acknowledged that he is the one driving the bus and yet, he owns fewer shares than Kelly and Doug. Let me know in which universe that makes sense.
I'm guessing on this so it could be wrong, but he will capitalize his efforts in ALL of these entities he owns and will bring into the fold. I've started two companies from scratch and would suggest that we expect a deal with Lottix, GG, etc. that might make them subsidiaries or he will get shares in the Nasdaq entity. He won't have to own a bunch of HDUP to make money...IMO
$HDUP - sometimes it is worth a review. From 9-23-2021
Engagement of Shields Law Group, Dallas, Texas, as specialists and strategists in mergers, acquisitions, financing and assisting in the upgrading of companies from Pick Sheets to full NASDAQ listings
Formation of subsidiary, HeadsUp Acquisitions Inc, a Delaware Corporation, to facilitate HDUP's aggressive expansion strategy and position it for IR and PR partnerships with national broker dealer networks
Recruitment of Mr. Bognan Basciu as CIO, Chief Integration Officer for HeadsUp Entertainment Acquisitions Inc to oversee current acquisition and subsequent merger candidate negotiations
Recruitment of Mr. George Turner to the Strategic Advisory Board. He is the Former State of Colorado Senior Director of Lottery, Gaming and Liquor Enforcement
Appointment of Mr. Richard Turski as Senior Corporate Finance Analyst/Consultant.
Strategic partnership with Mortimer Harvey Universe (MHU) of Johannesburg, South Africa. MHU is a critically acclaimed Media Company with a global client base. HDUP is currently finalizing multiple revenue share agreements with MHU and is developing many additional networking revenue partnerships. www.mortimerharvey.com
Creation of the CauseDrivers brand for online and digital charity gaming products, a number which are now in market and can be seen in more detail at www.headsupentertainment.com
Creation of HeadsUp Affiliates division for Affiliate Gaming opportunities with contracted online and land-based casino operations negotiated through the company's operational partner LOTIX LLC
Creation of HeadsUp Connect, a strategic business unit capitalizing on over 30 years of leading industry connections and experience facilitating gaming license acquisitions globally with focus on North America, South America and Africa
Release of online charity gaming platforms some of which are currently in market raising funds for military charities such as the currently highlighted Special Operations Charity Network (SOCN) as listed at www.headsupentertainment.com
$HDUP and where does Spinola list as their corporate address. Malta is where they are registered but CYPRUS is where they have the office of the CEO.
$HDUP - good posts by both AgentQ and Alabama1001 - I wish I had the answers, but I only know what I have found.
I think "Global" is a key to what we have coming.
Thanks! I know in one of the Updates they said they were working on 8 transactions but I couldn't find where they said they were equal to or bigger/larger than Spinola.
Example: from the May 3rd, 2022 update: https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-International-Outlines-Corporate-Strategy?id=355254
"The Company is in various stages of negotiations and closings of 8 independent transactions for the consolidation and merger into a surviving entity branded as HeadsUp Global Inc. which is set to apply for listing on NASDAQ based on asset values and revenues meeting exchange listing requirements."
$HDUP - would you mind pulling up that "news" that they were of equal size or better? I can't find it. Thanks!
$HDUP - Mark is owner of a company. I'd have to look it up but it's GG World Lottery and a few others that being with "GG".
Do you want to play Lotteries around the world? They have one lottery that begins with a payout of $100 mil.
I'm guessing he's focused on something "Global" and that's likely why we'll see HeadsUp Global as the surviving entity, trading on Nasdaq. Here is the site:
https://lottopark.com/play/gg-world/
If you go back and look at the little video they did last August and he gave an interview on YouTube a few years ago where he was and I think, still is very focused on the "Global" view.
over 90% of Powerball tickets are "analog". Someone goes to a place selling tickets and they buy one. He seems to keep harping on this change, it has to be something you can do from your office or kitchen table (meaning digital). LottoPark seems to be the vehicle.
I saw the video on YouTube from last November, it was about Charity funding using gaming/lottery games, etc. Mark was on it and he said something that I thought was meaningful: "The challenge in building a successful lottery game is that the government let's you do all the work and then if it's successful (generates a lot of income) they take it over".
He suggested that would be harder for them to do if the company was a Global one. Which country would be able to say..." oh that's in our country if it's operating around the Globe without a centralized headquarters. I think that's why you'll see HDUP trade on Nasdaq but also on the AIM in London and maybe on an Asian exchange later on. Just a guess on my part but we need to begin thinking Globally, they've been saying that for some time.
$HDUP if you took a moment to read the filing they made, it's all there.
They tell you exactly what the shareholders in Enteractive Media will get and at the price p/share at which they will get Parsec shares.
They also tell you how many shares were O/S in Enteractive so you'll know the conversion rate from their Enteractive shares to Parsec shares. It's all there...you just have to read it.
You would have learned how many shares the Enteractive shareholders owned etc.
NOTHING was mentioned about funding. Seriously read the entire filing.
$HDUP - I think we'll see some funding soon for Enteractive and then we'll see the remaining portions of the triangle reverse merger begin.
I don't think this is months away. My opinion...I think we're getting close.
$HDUP - a quick review. They announced that this would be a "Reverse Triangle Merger" - Enteractive is listed on GameChangerz website as: "Copyright © 2021 Enteractive Media INC. All rights reserved A Heads Up Entertainment Inc. Property," that's at the bottom off https://www.gamechangerz.ca/ - so the definition of a Reverse Triangle Merger is? "A reverse triangular merger occurs when an acquiring company forms a subsidiary in order to purchase a target company, which then absorbs the subsidiary to create a new company."
Add to that, we have a SPAC involved (Parsec Capital Investments") What was announced today...https://www.sec.gov/ix?doc=/Archives/edgar/data/1855751/000149315223010010/form8-k.htm - Parsec (the SPAC) merging with Enteractive Media (the HDUP property)
The next leg will be, IMO, funding. All of this costs 100's of thousands to do. So let's see if that comes next. The funding would normally go to Enteractive so that they can acquire HDUP Entertainment, Spinola, LotteryHub, etc.
I'd guess we need another couple of weeks for this to get started NOTE: I SAID STARTED, NOT COMPLETED.. When it's over, we'll be HeadsUp Global (read the OTC news items) and we'll be on Nasdaq (NOTE: I'M NOT SURE HOW LONG IT TAKES TO GET ON NASDAQ).
But today was important because it signals that the journey has begun. We're getting closer. IMO
A quote from OTC Mkts - March 15th "CALGARY, AB, March 15, 2023 /CNW/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce that it has identified, and been identified by, an acquiring Company for the completion of the previously announced Reverse Triangle Merger and move to a high tier exchange.
The Company has been in a mandated quiet period under a series of NDA's to complete a number of corporate finance agreements to consolidate its assets along with a number of previously announced and upcoming new transactions.
HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions. This process will also provide the information required by the Alberta Securities Commission to request the removal of the Cease Trade Order in Canada with the submission of these items."
$HDUP - I don't think anyone has focused on this from today's PR, but it's worthy of a note:
"New additions to the management team are also forthcoming"
They'll need to put in a management team who understands the requirements to be on Nasdaq. I think the above statement reflects their acknowledgment, that this needs to happen.
The current team hasn't been taking paychecks and when you see that, it means they "know what they have". There has been an issue with notes set up to recognize their efforts but I'm not seeing direct payments. Other than this:
on page 13 of the latest filing they noted that $52k had been paid to related parties
they also note that "Due to related parties (Note 7) $812,042"
when people related to the company, take notes instead of cash or stock...what should that tell you? Whether they are right or they are wrong, they believe in where this is headed.
All of us have put money into companies that generously reward their Executives when those same executives have produced nothing.
This group has skin in the game, pay attention! IMO
$HDUP - when you know a stock is going to do well and then you see a sell-off because it wasn't happening when a few people wanted it. My take is I'd rather see them exit here than to face them at .20, .25 or .30. And one thing it will do is reset our upside.
2 days ago RSI was sitting at .66.69 on a 30-day Daily chart. Right now it's sitting on the same chart at 44.72 - that also means RSI 70 and 80 will both move up with the reset.
In the end, I doubt it matters whether or not someone holds or sells - as this moves to a Nasdaq listing we'll see more seasoned and value-oriented investors coming into the stock. The "it has to happen now" crowd will be gone, imo
$HDUP - regarding the CTO, we do know from a News item on the OTC Mkts site that they've had discussions with the Alberta regulators, what we don't know is the terms dictated by those authorities. They had implied that the completion of the merger would then trigger the lifting of the CTO.
The acquisition is a part of a major growth strategy that will leverage existing gaming operations on to the global stage and be part of the corporate finance strategy to uplist the Company to a higher tier exchange through a planned merger with a fully reporting Company. The effect of this merger will allow Canadian shareholders to have their positions become fully tradable and allow the Company to initiate a series of product launches in multiple sectors.
From January 11, 2022 under the News tab.
$HDUP - PRNEWSWIRE: CALGARY, AB, March 15, 2023 /PRNewswire/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce that it has identified, and been identified by, an acquiring Company for the completion of the previously announced Reverse Triangle Merger and move to a high tier exchange.
The Company has been in a mandated quiet period under a series of NDA's to complete a number of corporate finance agreements to consolidate its assets along with a number of previously announced and upcoming new transactions.
HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions. This process will also provide the information required by the Alberta Securities Commission to request the removal of the Cease Trade Order in Canada with the submission of these items.
Through the process of completing the audits and Registration Statement, the Company will begin to outline details of multiple transactions including acquisitions, new strategic partnerships and new global product launches that until recently had been under strict non-disclosure commitments.
Management cannot yet publicly disclose the name of the targeted consolidation vehicle but will make all material disclosures required as it navigates through the corporate finance process, and as required by the various exchanges, through its filings.
New additions to the management team are also forthcoming which will clarify the scope of the enhanced business model in its multi pillared monetization plan for the gaming, lottery and media sectors.
$HDUP - just an opinion, we have a Sea World performance going on in this stock. While we wait for news, we will get flippers. (SeaWorld) and they don't mind playing a one-penny flip. At some point, we'll leave them behind.
I think we're going to get something no later than what was promised, "on or before March 15th" - that's what they said. If you get spooked into selling because of flippers then, I'd say this, that's on you.
$HDUP - traders do what they have to do. If they want out, they should get out. Their decisions will not determine where this is going. IMO
$HDUP - the company will have something no later than tomorrow. IMO -
$HDUP - oh wow! A legend in your mind? Sorry I'm not impressed.
LOL, I have no idea. Congrats on posting on Stocktwits...lol
$HDUP - so many options. But overall, I think it's worth holding a position in this for a longer play.
I also think it's smart to get your original investment back so you're riding free, meaning nothing invested.
We'll see what the news is, we'll see what the charts are like, and we'll try to figure out the pattern for how this one trades. I won't know until we see a move.
Hopefully that begins next week.
$HDUP - sorry if it came across that way, I was just trying to show that it's in the News on OTC Mkts. I didn't want anyone to think I was either repeating rumors or just making Schitt up.
We won't care once this begins!!
$HDUP - thank you. I don't dig up everything but I generally will find enough to help me understand how a stock will play out.
I think next week we'll see the beginning of an amazing journey with a company to Nasdaq.
I've been in this for approx 3 years and there are others who've been in it longer. I think the wait will be worthwhile.
$HDUP - I was hoping for the same thing but I'm not sure if it will happen. Rumors are one thing and I think everyone is hoping for something this week.
I believe that the only thing we have from the company giving us some direction is that we will get this "on or before Marth 15th". They've not stated any other info.
$HDUP - we've had ASCM and GTSM (MM's) heavily involved in the selling for each day this week. They had this pattern of dropping 200k+ before lunch and then around 2pm EST they would do a smaller block. But today, we had the morning sell-off on schedule and the afternoon one never materialized. We'll have to see if they are done, if so I think we'll move up.
We should be seeing at the very least the beginning of the info the company said would begin "on or before March 15th":
- encompassing new market product launches,
- key acquisitions and closings,
- business unit consolidations
- all leading to the company's merger and listing on a higher tier exchange.
$HDUP - before every sell off today, you'll see some 5 digit trades. Only MM's can enter a 5 digit trade. It signals shares which are in the "Held at DTC" column but not the "Float". probably shares from debt held before Kelly took over in 2018? Don't know but 5 digit trades happened before the two dumps:
1 for 250k and
1 for 184k
They could have thought, this is as good an exit as we get. Sometimes when you've held something for 4-6 years. You capitulate. There might be more to come, keep an eye out for 5 digit trades. We'll get updates next week, IMO.
$HDUP so I read your past posts, into February and I didn't see you post anything about HeadsUp Global. So did you ever post on that?
If you knew about it but didn't post about it...why?
Congrats on reading all the PRs and watching all the videos. Maybe share what you've learned with others?
$HDUP - so what usually happens is that the OTC stock has big dreams but those dreams never put the rubber to the road. This one will do that, IMO.
If you look at the background work they've been doing, meeting with Hedge Funds in the UK, meeting with Hedge Funds at the last Malta event. All documented on Kellners Facebook site.
Bringing into Parsec, 3 entities with connections to the Financial Services Industry, one Weiss Management has $3bn under management. These are all listed under the Parsec filings section on the SEC.gov
February 14, 2023 - SC 13G/A: Statement of acquisition of beneficial ownership by individuals - amendment
February 13, 2023 - SC 13G/A: Statement of acquisition of beneficial ownership by individuals - amendment
January 30, 2023 - SC 13G/A: Statement of acquisition of beneficial ownership by individuals - amendment
https://www.sec.gov/edgar/browse/?CIK=1855751
go ahead, it's just DD, it won't hurt you! lol - read who they are, they are all registered with the SEC so the SEC will find this pretty easy to approve for trading. One of them has connections to the London Stock Exchange. We'll have European companies involved with HeadsUp Global. You think they want to trade on Nasdaq? What to stay up all night for a trade? I'm guessing they'll have a dual listing. One on Nasdaq and one on the AIM a member of the London Stock Exchange.
And no, that doesn't dilute your shares. Just like Bayer, VW and other European entities who trade on the local stock exchange with a "dual listing" on either OTCQX via a ADR or via Nasdaq. This is from Nasdaq's website: We are the only exchange group with regulated markets on equities in both the U.S. and Europe. We are providing a natural link for European companies looking for high visibility and opportunities to list in the U.S.
We'll have to see how this plays out, but I think this is NEO (The One) GL to all
$HDUP - just an opinion and we all have one! It's going to be huge. We'll see more details emerge within the next couple of weeks. IMO
$HDUP - it's in the filings: "The Company is in various stages of negotiations and closings of 8 independent transactions for the consolidation and merger into a surviving entity branded as HeadsUp Global Inc. which is set to apply for listing on NASDAQ based on asset values and revenues meeting exchange listing requirements."
From May 3rd, 2022 - https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-International-Outlines-Corporate-Strategy?id=355254
$HDUP - Parsec is a SPAC - so they won't be releasing news on HDUP. They exist to merge with HDUP.
Once HDUP merges with Parsec, it's going to be called (according to HDUP)
This is what they said: The Company is in various stages of negotiations and closings of 8 independent transactions for the consolidation and merger into a surviving entity branded as HeadsUp Global Inc. which is set to apply for listing on NASDAQ based on asset values and revenues meeting exchange listing requirements.
and here is the link to that news: https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-International-Outlines-Corporate-Strategy?id=355254
There will be more filings, soon. IMO and we'll have more details. But Parsec exists for the purpose of moving HDUP into Nasdaq, that is their function. HDUP Global is the surviving entity.