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Oh, I strongly disagree. Catalysts will come much sooner than later. 100% to 200% at this PPS and share structure is practically baked in. It's almost a given on the OTC.
As other endeavors wind down, new endeavors begin.
All the ingredients are here, just waiting to add the water and stir.
It would be equally difficult to buy it at this level if/when good news comes. Fortunately, there is a significantly higher probability of good news coming here than bad.
There are only 297m outstanding shares and the company has been dormant for quite some time...except for the recent SEC filings. That's a very strong clue that news is coming. And generally speaking, companies don't file with the SEC out of the blue so they can deliver bad news. There's no need.
Think it through.
It is definitely interesting to watch. People know 'something' is coming here and sooner than later. Shares are held tightly and value is well established.
SEC filings and timing tell the tale. Won't be long now.
Who cares? Some will buy now, some will buy later and others won’t buy at all. It doesn’t have to be so dramatic.
Those who are holding and those who are bidding understand the potential here. This will move.
A primer! Gamesmanship no doubt. Happens everywhere. Doesn't change a thing. There is a lot of support here and rightfully so.
You made a great point last week - wittingly or unwittingly. I looked into the share offering at the CEO's other venture. I would imagine that Mr. Huss is pretty frustrated with the performance of the associated individuals and overall entity that folded into that ticker. The timing of the recent SEC filings here at CZNI would suggest that he will very soon be moving on to more successful ventures.
As we all know - timing is everything in OTC world.
All investing is gambling, Dennis. Any time you transfer control of your money to another individual or entity in the hope that the sum returned to you is greater than the amount you transferred - you are taking a risk...you are gambling.
“Ask those investors that bought from 7 cents to 11 cents??? Does this mean those who bought and sold between .002 and .06 did okay. I will happily sell on the way up, especially between now and .06 and higher...as everyone should. There’s always a ‘top’. Risk increases as price climbs. Accept it and buy accordingly...or don’t buy. CZNI currently sits at .0009 per share. There’s going to be a much higher top if and when catalysts come along. Based on the share structure, the float, the CEO’s history, the current PPS and the .002 climb to .11 you’ve described with regard to the CEO’s other company; I think it’s a relatively safe ‘gamble’ to assume catalysts are coming.
I think what you meant to say in your post is that a lot more people lost money than made money. You don’t know that and the amount of money lost and made is quite literally a wash.
I do agree with you in many aspects. People should buy and sell at levels they are comfortable with and generally speaking - I get so tired of people blaming the universe or the CEO or the companies they buy into when they don’t get a result they want but patting themselves on the back and telling the world when they make a great trade. We’re all adults here, with access to information and the ability to choose when and where we ‘invest’ our money.
What does that have to do with CZNI? Are the companies financially tied? Are the share structures even remotely similar? Does CZNI sell shoes?
As stated before, some businesses succeed and most fail. But at this level, the real money is made on the ‘what if’ (which is exactly where CZNI is now).
I’m quite positive that numerous shareholders in the company you’re referring to made a lot of money on the climb to 11 cents a share. Choosing to invest and hold long term doesn’t always work. Nobody would argue that it does.
Exploit opportunity or don’t but insinuating that everyone will lose here is just wrong. Many will make a lot of money. All it needs is a catalyst, which I’m sure is on the way - just a matter of time.
Sounds reasonable to me.
I like everything about those numbers.
Could come sooner, could come later but safe to say something is coming. Low float stocks with small share structures trading in the double zeros are very valuable commodities in the OTC.
Some businesses succeed and many struggle after ‘going public’. And yes, many companies enter the OTC exchanges to raise capital for operations and growth - often through convertible notes, with the intent of eventually obtaining more traditional financing. Long term investors make money on successful companies. Short term investors make a lot of money on the potential for growth of the merged companies. Low float, ‘shell’ tickers like CZNI with CEOs like C. Huss, who have proven track records of merging non publicly traded companies with huge revenue potential into existing shells like CZNI, have historically provided the largest rates of return to those who have bought shares early and cheap (like now) and had the discipline to sell for profit.
Whether a stock runs for three days, three years or three decades, it is not the CEO’s responsibility to tell share holders when to buy and when to sell. It is the CEO’s responsibility to increase share value, which he has done on multiple occasions with multiple companies (some by 10,000%). That’s not a joke - CZNI is a huge opportunity. Very low OS, very low float and a CEO who has a proven track record of running share price hyperbolically- what else would you look for in an OTC company from a trading perspective?
With only 297 million outstanding shares, this has tremendous potential.
What was the trading range during the merger?
Let’s hope so. News would send this through the roof.
Time will tell. There is certainly potential here. The value is just waiting to be realized.
Definitely some accumulation over the last couple of weeks.
Market cap is only a quarter million dollars. Huge potential for gains here.
Won't take much.
Truth is affirmed with evidence. You linked boiler blate, lawyer websites from 2015. If there were evidence to support the accusations within those sites, don't you think the paper trail would keep going from there? Wouldn't there be a recorded judgement or a settlment if the accusations were proven to be factual. I would...and here we are - five years later with nothing.
Thirty five years of running publicly traded companies is a very successful career no matter how you look at it. And, leading multiple companies to 10,000% gains in share value is stellar.
Dennis, both of your provided links are from 2015, are from legal firms attempting to drum up business and in no way record legal enforcements or even judgements for that matter.
From the site: “...allegedly made misrepresentations” - where’s the judgement? I couldn’t find anything else. Did this even get filed? The statement says “there is one complaint”. Also very telling that the legal firm that posted this states their compensation is on a ‘contingency fee basis’...they only get paid if they win...similar to the ambulance chasing personal injury attorneys in every town.
So....did they get paid?
Anyone have contact info for the CEO? I’ll dig if necessary - always nice to save time if possible.
Really? I was expecting an actual legal filing...
The Rip Off report??? I could register a complaint against anyone on this board on the website you’ve provided.
I don’t think this is a very compelling argument.
Multiple, verifiable 10,000% runs on his current and previous companies from trips and dubs do the talking on the OTC...not the ‘ripoffreport.com’
TD is showing a 1 share trade to knock it down to .001??? Is this a glitch?
That made me laugh out loud, Dennis. That was really good.
Of course they could just hit the ask and be done with it if that's what they're betting on. So...funny, but not likely.
If that bidder picks up 50 million shares he/she will have to file. That would be a nice addition to the recent SEC filings.
Excellent point, Sir. Experienced players, cheap buy in and excellent odds here. I think patience pays in the near term. I may even give them until Christmas.
The beauty is; news/filings could hit any day.
I think you are correct. This moved very nicely today with very little pressure. The potential here is very exciting.
Numerous 5 digit trades is definitely a good sign. The high volume today is another. I love opportunities like this - cheap tickets and knowing the show could start at anytime.
I guess that depends on entry and exit points. Buying trips and selling at .08-.11 doesn't sound like a disaster to me. Wish I would have been there. Hell, buying trips and selling over .01 (which it held for months) doesn't sound like a bad deal either.
I think you would starve flipping this. This looks like a lot of accumulation of over a long time.
Somebody know something? Everytime I check in on this the bid has doubled in size. Can't be much float here.
Might be...and I’m all for it. The figures show where the AS will max out if the 5 mil is issued (roughly) - nothing more. There are a lot of interesting things happening here.
Quick math - at roughly .001, including the 5% discount to White Lion, and assuming all convertible notes are captured in the currently posted OS - 4.9b or the remaining AS.
As for what they use the cash for and how fast it is utilized, your guess is as good as mine. Could be amazing. Competency arguments about management are misguided in my opinion. Intent is certainly debatable.
I don’t know - altruism and egoism are so often confused.
But we don’t know for sure, right?
Nope, you misinterpreted - not what I was implying or suggesting. I certainly did not suggest that Garnock was selling all of his shares on the open market and I didn’t present any evidence as to why the SP was dropping. What I was alluding to was the amounts and pricing recorded in the ARJ form 4s - very clean and neat with the exception of the early 20 some million sell - which I believe achieved the highest PPS.
Just so I’m not misinterpreting - Are you saying the 100m share transactions in June at .002 and .0025 were open market?
No one has implied there will be a ‘transfer back’ or even a buy back for that matter of shares recently transferred/sold. When you look at some of Garnock’s other business ventures there are strong partners involved. It is not unrealistic or unreasonable to assume partnerships for a new venture utilizing Verus aren’t being developed for the future...and could be tied to the reported transfers. It’s also not unreasonable to assume Garnock was displeased with the direction of the company and wants to cut ties as you have implied.
Only time will tell.
Take a deep breath and relax.
'Control' is an interesting word and a difficult legal metric. If you haven't seen the filing, he must not have 'control'...
That's exactly right! Garnock/Arj is in control here. What he intends to do with that control - we can only speculate.
The moves have been interesting to say the least.
I think you're right, King. And after rereading the language (thanks for posting it, Justjoe) it's hard to simply discount that these recent, reported transfers by ARJ may have been to 'Attribution Parties'.
NoMoDo - you're point is taken. However, how would you prove ARJ has an established 'control' over the shares he has transfered and reported - even if to an existing business partner or affiliate in a separate entity?
Joe, who is the 'Holder" as defined by this agreement?