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Looks like he unilaterally gave that reply as if Frank had agreed to it or something and then made a point of putting it out in public so people think the deal is just extended instead of being halted/suspended as Frank had said.
Looks like playing games, frankly.
It's impossible to know that there are no lawyers on ihub, sorry.
CE's are not applied lightly. Good luck holding all the way through legalities just to see if maybe possibly there is a slight chance at redemption.
Anyone smart has already bailed. Get redemption and they jump back in at a super reduced price after dwindling down. In the meantime their funds are in their own hands, not locked up in indefinite limbo.
They don't. Welcome to ihub.
The April 12 Nevada SOS filing that showed a merger with "Pharma LLC".
That no one at VIZC will answer questions about, just silence when asked. No reply whatsoever. Meanwhile, they are diluting shares.
Odd that yesterday's filing didn't mention the SOS merger at all.
The time to get out was the beginning of yesterday's session.
Your choice now is salvage what little you can or keep holding with those funds locked up indefinitely waiting for a change for the better that may or may not ever come, and at what price even if it does.
He initially blamed late filings. Then I guess some experienced penny player explained to him that late filings don't result in CE's and he changed his story to "I dunno".
(The filings weren't even late at that time anyway)
So now the latest status is working on settlement, huh?
But but but JPEX is supposed to be a "popular" ticker which means it was under contract/about to close as of Frank's April 28 tweet.
I have been told that repeatedly on this board and it seems those were lies every time.
You might want to get caught up with the further developments revealing Chong's involvement.
This isn't a case of a mistakenly checked box to be corrected.
CE ain't getting removed by end of week no matter how much one hopes or prays.
Have a nice day.
Actually, they do have ties.
What was the period it had a CE? OTC Markets isn't showing one.
Name a ticker where the CE came off in days.
The problem is those funds are locked up while waiting for the CE to come off and it's also possible the CE never comes off.
I did an analysis that anyone else can do and confirm for themselves how long they take to come off for the few that do.
In the last 6 months there have been 44 CE additions and only 7 CE removals. And those few removals took an awfully long time, measuring in years.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168862711
It's not something you "just have to live with", it's a choice whether to salvage some funds now or risk leaving them in OTC limbo that they may or may not emerge from and who knows at what price if they actually do.
Experienced OTC players have learned the capital preservation lesson. Wide eyed and hopeful OTC noobs perhaps haven't. Yet, that is.
Have you reached out to the complaint department?
Enjoy your bag tomorrow.
The only CE's given out were to David Chong's 3 tickers. Just a coincidence? Really?
By all means, explain how it is not an opinion that Chong has nothing to do with the CE's. Maybe you can help stave off tomorrow's crush. I mean, I doubt it. But can't hurt to try.
"Eventually" I believe is the exact quote.
Take from that what you will.
I did not check what status they were when they received the CE, just checked how long it took to get off for every case in OTCM's list.
One could easily argue though that getting a CE for shenanigans on a fully compliant pink current actively traded company is significantly worse than someone playing fast and loose with a totally dark and defunct ticker.
When shall we revisit whether the CE has come off in your "predicted" timeframe? Tuesday good? Or not until Monday the week after?
Okay, then let's review just how long they do take to actually come off and revisit labeling "years" as comical.
First stop is https://www.otcmarkets.com/market-activity/corporate-actions. By default it gives you Symbol Changes but you can easily change that to Caveat Emptor over in the left side options, just scroll down the list.
Now you can go to the bottom of the list and click More a couple times so you get the entire list which seems to go back like six months or so. As of this posting it goes back 51 entries to 11/17/21.
Of the 51 entries, 44 are CE getting added with just 7 being CE removals
To find the date the CE was added for each of the 7 removals, head to each of their "security detail" tabs, for example https://www.otcmarkets.com/stock/GNSG. Scroll down to the Corporate Actions section and change Symbol Changes to Caveat Emptor. Hooray, now we know how long each CE took to get removed!
GNSG 9/27/17 - 2/25/2022 4 years, 4 months, 4 weeks, 1 day
CMOT 3/9/18 - 2/26/22 3 years, 11 months, 1 week
PBAJ removed 1/31/22, no indication how long ago it went on
BLLB 2/28/18 - 1/24/22 3 years, 10 months, 1 week
VNTA 7/21/11 - 1/20/22 10 years, 5 months, 4 weeks, 2 days
IDVV 11/30/20 - 12/7/21 1 year, 1 week
GGRN 4/12/12 - 11/17/21 9 years, 7 months, 5 days
Yes, the shortest was over one year and the rest were multiple "years", with an "s".
Not very comical, if you ask me.
Tell us when to start that 24 hour timer so we can confirm whether your claim is true or not.
(Sure, let's pay no attention to the 30 days OTC Markets themselves reference, why not?)
Another reason could be full-on fraud, anyone can confirm that is also a possibility.
Every reason is good to hear!
It's also possible someone had a cat at their desk and it walked on the keyboard, mistakenly issuing those CE's.
Every reason is good to hear, right?
"Reached out to OTC Markets" is not the same as "on top of it".
"On top of it" means they know what the trouble is and are in the process of fixing it.
They are claiming to not even know what the trouble is yet. That's not exactly on top of squat, now is it?
That person conveniently skipped all the rest of the reasons for which a CE can be applied, none of which are solved by simple filings.
"Filings on Monday will solve all" is a lie being told to naive investors to hopefully stave off some of the inevitable dumping so the liar can get out with as little loss as possible themself
That's not what it says.
That is a lie being foisted on the naive so that they keep hope and don't bail immediately monday morning.
The ones foisting it are the ones who know this is going to crash hard while they're frantically trying to get out with the least loss possible
Don't be naive, read what it says for yourself, https://www.otcmarkets.com/learn/caveat-emptor
CE isn't about financials being timely. Check out their profile on OTCM, they still have Pink Current status alongside the CE at the moment.
Unfortunately that was a lie by Chong. Just look, his tickers are still listed as Pink Current, meaning their filings are up to date. As of now at least.
CE is a separate issue from filings being on time and is much more insidious.
This is a CE, not a warning that filings are a little late. This is much more serious. They're even still listed as Pink Current. For the moment at least.
CE isn't about filings being current, it's a separate thing.
https://www.otcmarkets.com/learn/caveat-emptor
He can't comment but he can string along the dwindling remaining bagholders in his tickers with vague hints, I guess.
Lovely.
Should be easy to just have him say JPEX was included but he was intentionally vague so all his bagholders in multiple tickers might think they are included.
Go ahead, ask him. See if you get a straight answer.
If you can't get an answer to that simple question, why not?
One can get an idea of what these are worth by perusing asking prices. I assume buyers negotiate down from the original listing prices when making a deal.
https://dealstream.com/financial/public-shells
Ummm, that is exactly how much of the OTC works.
It sounds so flippant to make a joke of it, but that really is how much of OTC operates.
I like how Hovendick is portrayed differently depending on the narrative at the moment.
I don't know what he can produce, but I also don't know that he is responsible for providing JPEX's books. Signed paperwork from his end provided to a judge might just trump random internet message board opinions. Oh, and Hovendick appears in audited SEC filings even if details didn't.
Can Frank prove fraud? Can Frank afford to pay lawyer fees while attempting to prove fraud? That he doesn't know he can prove, having not seen the books? Quite the gamble. We shall see.
Let's all hope he can get his half finished website back up and running and advertising those sweet fake coppertop batteries for sale.
Did something big happen last week that I missed?
I want to make sure my notes on predictions that turned out to be false are up to date. Helps to keep track of these things in the OTC so one knows what opinions can be trusted... or not.
How's that website in the filing doing? All good?