Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I would say yes judging by the strength I've seen
WOW Next Stop A Nickel!
All assets will remain on the same property maintained by SOUP. Employees and their benefits and retirement and stock plans will also remain. The only difference is that now Gallant, a wholly owned subsidiary of WC will take over management of the operation. WC is not in the business of running operations. It is in the business of managing a hedge fund. THE TICKER is still alive and they bought 51 percent of it as we all know. The other 49 percent belongs to members of the public, as well as employees of SOUP(Q). IF, and this is a big IF, they decide to take the company private, then it is a lengthy process. It can not happen over night. "New Co"/Gallant, was necessary in order to purge SOUP entirely of it's old management and operational systems which have been a failure. In this way they can maintain control of the new company without being directly involved in it's operations or co-mingling it with the other pieces of Wealth Colony itself. I know you may ask, "Well, why not just say they own SOUP and fire the old managers?" It's a legitimate question, and I have an answer: It is just plain easier organizationally to start fresh. Gallant has everything ready to go, and it clears out what remains of the bad management. Also, at some point, if and when WC decides to sell Gallant/SOUP, it is now a much easier thing to accomplish. Staying public increases its value and public relations. I see no reason why it would not remain that way. This is all IMO
credit: Joe Crab
Great post. Plus they won't be able to keep the ticker down for long, it's 22m float which will not be diluted anytime soon. Stronger hands moving up hard here soon.
All assets will remain on the same property maintained by SOUP. Employees and their benefits and retirement and stock plans will also remain. The only difference is that now Gallant, a wholly owned subsidiary of WC will take over management of the operation. WC is not in the business of running operations. It is in the business of managing a hedge fund. THE TICKER is still alive and they bought 51 percent of it as we all know. The other 49 percent belongs to members of the public, as well as employees of SOUP(Q). IF, and this is a big IF, they decide to take the company private, then it is a lengthy process. It can not happen over night. "New Co"/Gallant, was necessary in order to purge SOUP entirely of it's old management and operational systems which have been a failure. In this way they can maintain control of the new company without being directly involved in it's operations or co-mingling it with the other pieces of Wealth Colony itself. I know you may ask, "Well, why not just say they own SOUP and fire the old managers?" It's a legitimate question, and I have an answer: It is just plain easier organizationally to start fresh. Gallant has everything ready to go, and it clears out what remains of the bad management. Also, at some point, if and when WC decides to sell Gallant/SOUP, it is now a much easier thing to accomplish. Staying public increases its value and public relations. I see no reason why it would not remain that way. This is all IMO
credit: Joe Crab
All assets will remain on the same property maintained by SOUP. Employees and their benefits and retirement and stock plans will also remain. The only difference is that now Gallant, a wholly owned subsidiary of WC will take over management of the operation. WC is not in the business of running operations. It is in the business of managing a hedge fund. THE TICKER is still alive and they bought 51 percent of it as we all know. The other 49 percent belongs to members of the public, as well as employees of SOUP(Q). IF, and this is a big IF, they decide to take the company private, then it is a lengthy process. It can not happen over night. "New Co"/Gallant, was necessary in order to purge SOUP entirely of it's old management and operational systems which have been a failure. In this way they can maintain control of the new company without being directly involved in it's operations or co-mingling it with the other pieces of Wealth Colony itself. I know you may ask, "Well, why not just say they own SOUP and fire the old managers?" It's a legitimate question, and I have an answer: It is just plain easier organizationally to start fresh. Gallant has everything ready to go, and it clears out what remains of the bad management. Also, at some point, if and when WC decides to sell Gallant/SOUP, it is now a much easier thing to accomplish. Staying public increases its value and public relations. I see no reason why it would not remain that way. This is all IMO
credit: Joe Crab
It's speculation right now but from what I gather SOUPQ becomes NEWCO with change of ticker possible. SOUP brand name stays. I find it doubtful they would mess with the commons after they paid a good sum of money to acquire a controlling interest. They won't dilute after Q drops because that would reduce their control of the ticker. I see this as a win-win.
All assets will remain on the same property maintained by SOUP. Employees and their benefits and retirement and stock plans will also remain. The only difference is that now Gallant, a wholly owned subsidiary of WC will take over management of the operation. WC is not in the business of running operations. It is in the business of managing a hedge fund. THE TICKER is still alive and they bought 51 percent of it as we all know. The other 49 percent belongs to members of the public, as well as employees of SOUP(Q). IF, and this is a big IF, they decide to take the company private, then it is a lengthy process. It can not happen over night. "New Co"/Gallant, was necessary in order to purge SOUP entirely of it's old management and operational systems which have been a failure. In this way they can maintain control of the new company without being directly involved in it's operations or co-mingling it with the other pieces of Wealth Colony itself. I know you may ask, "Well, why not just say they own SOUP and fire the old managers?" It's a legitimate question, and I have an answer: It is just plain easier organizationally to start fresh. Gallant has everything ready to go, and it clears out what remains of the bad management. Also, at some point, if and when WC decides to sell Gallant/SOUP, it is now a much easier thing to accomplish. Staying public increases its value and public relations. I see no reason why it would not remain that way. This is all IMO
credit: Joe Crab
Would the law360 article still be correct if the court ruled after the article was published?
Interesting so the pacer documents are an elaborate forgery?
They released their restructuring plans. SOUPQ becomes NEWCO?
Restructuring
Phase I ? WealthColony Management Group, LLC will work with other interested parties to establish and fund a new company (“Newco”) which will acquire all
bulk wholesale (i.e., non-tetra/grocery) rights from the Issuer to manufacture and sell Soupman products, including sales to franchisees, convenience
stores, national restaurant chains, retail merchants and food truck/carts for $1,000,000.
?The proceeds from the sale of the bulk wholesale rights will be used to stabilize operations, including creditor relationships, order fulfillment and other
operational matters during the Transition Period.
Phase II ? Newco obtains additional financing and restarts bulk production and pays royalties to the Issuer on Newco sales. ? Newco embarks on plan to refinance/replace existing creditors on more favorable terms.
WealthColony Management Group, LLC advised that in formulating its proposal, it took into account that the Issuer’s SEC filings indicate that the Issuer
has generated no revenues from the bulk sale of soup to franchisees during the last twelve months, and that its proposal provides the Issuer with an opportunity to
monetize a neglected asset and help protect brand quality which is risked when franchisees acquire soup from third parties.
The letter further advised the Board that WealthColony Management Group, LLC reserves the right to pursue all other options to protect the Limited Partnership’s
investment in the Issuer, including, but not limited to, seeking to change the composition of the Issuer’s Board of Directors.
Restructuring
Phase I ? WealthColony Management Group, LLC will work with other interested parties to establish and fund a new company (“Newco”) which will acquire all
bulk wholesale (i.e., non-tetra/grocery) rights from the Issuer to manufacture and sell Soupman products, including sales to franchisees, convenience
stores, national restaurant chains, retail merchants and food truck/carts.
?The proceeds from the sale of the bulk wholesale rights will be used to stabilize operations, including creditor relationships, order fulfillment and other
operational matters during the Transition Period.
Phase II ? Newco obtains additional financing and restarts bulk production and pays royalties to the Issuer on Newco sales. ? Newco embarks on plan to refinance/replace existing creditors on more favorable terms.
WealthColony Management Group, LLC advised that in formulating its proposal, it took into account that the Issuer’s SEC filings indicate that the Issuer
has generated no revenues from the bulk sale of soup to franchisees during the last twelve months, and that its proposal provides the Issuer with an opportunity to
monetize a neglected asset and help protect brand quality which is risked when franchisees acquire soup from third parties.
The letter further advised the Board that WealthColony Management Group, LLC reserves the right to pursue all other options to protect the Limited Partnership’s
investment in the Issuer, including, but not limited to, seeking to change the composition of the Issuer’s Board of Directors.
What's the estimate for what Wealth Company is worth?
March 20, 2017 Bill was filed in Nevada Senate to ban blockchain taxes.
https://www.coindesk.com/nevada-lawmaker-moves-to-block-taxes-on-blockchain-transactions/
March 27, 2017 The Crypto Company comes to an agreement for the aquisition of RMRK, a Nevada shell
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12245217
June 5, 2017 Bill passes banning blockchain taxes by a vote of 21-0.
https://www.coindesk.com/nevada-first-us-state-ban-blockchain-taxes/
June 6, 2017 @RafeFurst - Nevada Becomes First US State to Ban Blockchain Taxes bit.ly/2qTSB7u via @CoinDesk
Nevada Becomes First US State to Ban Blockchain Taxes https://t.co/1BJBY7HELh via @CoinDesk
— Rafe Furst (@RafeFurst) June 6, 2017
Seems like normal consolidation happened here I mean D0LV did the same thing and look where it ran to... Too many good things going for this stock for it to not have the same type of run.
Oh man this gonna fly if we get permit approval tomorrow, next week .05 to .10 for sure
Loving the consolidation here, gonna power up hard to .02 now all the weak hands are out!
Nice bounce here, looks like we got rid of the day traders and flippers and can move up now, remember D0LV did this same thing look where it ran!
Nice chart, rsi cooled off ready for next leg here soon!
I plan to move to Vancouver next year for the climate
I don't have full subscription so I have to reply here, I live in Canada and need to chop some wood getting ready for winter going outside now brb
Are you expecting permit approval news to break 52 week high?
thanks for the reassuring I will hold, I expect good things when permit is approved.
This stock is messed up we could be days away from permit approval in which case we should see atleast .05
We hope you had your 5 minutes of fun with that short attack now let us make some money with all the excellent developments here
I have a feeling we will be seeing a lot of firsts with this stock...
I can one up you with this:
March 20, 2017 Bill was filed in Nevada Senate to ban blockchain taxes.
https://www.coindesk.com/nevada-lawmaker-moves-to-block-taxes-on-blockchain-transactions/
March 27, 2017 The Crypto Company comes to an agreement for the aquisition of RMRK, a Nevada shell
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12245217
June 5, 2017 Bill passes banning blockchain taxes by a vote of 21-0.
https://www.coindesk.com/nevada-first-us-state-ban-blockchain-taxes/
June 6, 2017 @RafeFurst - Nevada Becomes First US State to Ban Blockchain Taxes bit.ly/2qTSB7u via @CoinDesk
Nevada Becomes First US State to Ban Blockchain Taxes https://t.co/1BJBY7HELh via @CoinDesk
— Rafe Furst (@RafeFurst) June 6, 2017
I'm expecting that they will move full speed ahead with the merger, they want lower taxes and eliminated taxes fast seems like a good incentive to me, why else pay off debt of 300k that quick? Also they could be buying up the commons, we shall find out soon enough...
Excellent point man, successful crypto company behind this thing.
Are we expecting this to be a gapper in the morning?
OMG this is huge, amazing DD, all signs point to crypto business!
Why RM with a shell in Nevada? Nevada is the first state to ban blockchain taxes:
Nevada Becomes First US State to Ban Blockchain Taxes https://t.co/1BJBY7HELh via @CoinDesk
— Rafe Furst (@RafeFurst) June 6, 2017
These individuals paid a lot of money to take care of the debt so my guess is a new and separate cryptocurrency venture.
Multi millionaires debt free stock with a history in crypto currency nothing but positive news coming imo, these plays where the only way to go is up are a rare find. Enjoy the ride
Hey Pete nice to see you here, I've seen you in other merger plays, how often you see the incoming management wipe away 300k in debt?
SARAQ ran 19,000% over 3 days
I agree 100%
Huge REVERSAL .03 - .05 CLOSE HERE.
Yep and we could be at .10 tomorrow
$SOUPQ next leg up starting now.