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IMO those $16 M is to finance JPEX business plan which is probably worth several times more than that :
"MGC's vision is to be a leading company in the broadcast industry. MGC is currently working with Radio Stations and TV Stations, to create a platform for the independent production of programs, such as soap operas, movies, and news. We are currently working on presenting high-tech studio digital platforms in major cities in the United States. MGC's goal for 2023 is to finish the construction of 12 television Stations with 6-8 Channel independent broadcasting programs on each station. MGC plans to build at least 20 television Stations combined with high power FM stations in the most important cities within the territory of the United States. MGC also wants to acquire properties to build its own communication towers, and thus become completely independent from leasing properties. "
Are those 4B shrs to acquire Mekaddesh Group Corporation (MGC)?. It seems so, plus the 20 or so TV stations?- JPEX must have a business partner ready to swallow those 4B shrs. IMO News coming for sure Buckle up!
GTSM again....creating a wall @T8 with 13.7 M shrs. I wonder if it is shorting and covering at @T6 or just accumulating at a lower bid.
Check CNNa it just went to EM days ago, it went from 0.005 to trips in a mater of hours...Anyway keep checking the SEII' otc page since there will be a warning label: "grace period", days before SEII becomes EM
Yes Optic is important....at least SEII should pretend they are ok! How many days before they became Expert Market????
It seems like the Chinese culture, starting from the government, is prone to deceiving markets by numbers.
he must be in the loops. The question is will that news move the bid as the Merck news
I ve been watching L2 for a couple of weeks and GTSM was the wall at the ask specially at T9, right now is at T8 with 10K shrs only- Good sign so far!
18 M bought at T7 . W formation completed now. Time for a counteroffensive sort off LOL
Í just lost appetite for Chinese stocks, here is the link of the video
Chinese scams
Hmmm quite strange, I can see it when I watch it in my computer but not when Im in my cell phone...
Remember Fridays are slow days for trading, So far 11.145 shrs at 10:45 ludicrous to say the least!
I guess someone is getting cheap shares as well, like building a wall of 10 M shrs at the ask @T9 and
selling 7000 shrs at the bid worth 4 bucks each etc. Anyway if the support at T6 is for real ( today I saw the bid as high as 29 M shrs and went down to 17 M shrs) then we are ready to complete the "W" formation and with some luck, specially from the Nigerian guys throwing us some bones, start a relief summer rally
checkout this video (minute 4:40 on ) about sharing scheme in china , anything familiar to SEII is pure coincidence
totally agree with your post. I guess R/S news will come together with the change of symbol and a new name plus news of uplisting in the near future.
High volume today 28.7 M shares. We dont have a volume like this since July 12 2022 with a volume over 29 M shrs.
huge support at T6 almost 25 M shrs
Is there a connection between Carmen Hovendick and the Guel Family?
Also I cant find what OliverH LLC does.
But interesting:
https://engineering.tamu.edu/news/2019/01/hovendicks-establish-scholarship.html
"Carmen and Mitchell “Mitch” Hovendick ’79 have established the Carmen and Mitchell “Mitch” Hovendick ’79 Endowed Scholarship to provide one or more scholarships to full-time students in good standing pursuing an undergraduate degree in chemical engineering from Texas A&M University."
GM Gator, Some volume today
OTC stocks have been in a terrible state since Jan, Many stocks have ridiculous valuation, IMO there might be a relief rally this summer starting the week before July 4th as my best estimate.
I wonder if Brokers charge us when there is symbol change as they do with R/S. Last time I had one TDAmeritrade charged me $40 bucks.
Nice!. Only missing is Symbol and Name change plus declaration about Buy Back shares, R/S and uplist plans
July 4th approaching fast....Will OTC have Summer Rally this year?
At Least we are at Record Volume...Go SEIII!!!!
It's coming!!!
Next Pandemic coming in 2025
check out how the powers to be are planning it
Volume has died lately, retailers cant buy pink limited stocks.
"When a public company wants to buy back its shares, it must follow certain procedures. The company must first obtain approval from its board of directors to repurchase shares. The company must then file a Schedule 13D or 13G with the Securities and Exchange Commission (SEC) if it intends to purchase more than 5% of its outstanding shares.
The company can then buy back its shares on the open market or through a tender offer. If the company buys back shares on the open market, it must comply with SEC rules regarding insider trading and market manipulation ².
After the buyback is complete, the company must report the transaction to the SEC on Form 4."
(1) SEC Proposes New Share Repurchase Disclosure Rules. https://www.sec.gov/news/press-release/2021-257.
(2) What Is A Stock Buyback? – Forbes Advisor. https://www.forbes.com/advisor/investing/stock-buyback/.
(3) What Happens When a Company Buys Back Shares? - Investopedia. https://www.investopedia.com/ask/answers/05/retiredstock.asp.
My notes says AS 6.5 Billion
Excellent news!!!
"...He ( Rick.) made it quite clear his interest is in reducing the share structure rather than increasing it"
The only way I know in the OTC world to reduce share structure is by R/S!!. A buyBack ? hard to believe IMO.
Xu mentioned the new management was going to file around past March.
Is SBES planning to file this year or maybe after the war against Russia is over?
Still Pink Limited ....No good at all. Is Management throwing the towel?
why the delay in filing? why no news? why the AS is now 7.45 Billion?
Are they going to dilute the OS that much?
IMO, T4 is the support unless R/S is announced
With total of 47 Billion shrs a R/S 1 to 5000 makes sense. IMO The sooner the better. It will take this uncertainty out of the picture.
Eight is a good starting point. When news available Penny land is a strong possibility
the street is out of trading until SEII goes back to Pink current Info . They must fix that issue before pretending to hit us with news
IMO they will announce the infamous R/S at the same time they get a new symbol and name. How soon is that ? muy pronto I suppose!
From my experience, R/S of stocks dealing with several Billions shares, the usual rate is 1 to 1000 or 1 to 5000. If PLPL wants to uplist, given the poor performance of the current PPS I would say they would R/S 1 to 5000. One scenario I foresee with an announcement of a R/S of 1:5000 the pps could tank to around 0003, So post R/S PPS would be trading around $1-1.5 bucks and with great news it could recover to $5-6.
Its in the OTC guidelines respect to Shell Risks. I own another stock with the same "issue", which is not an issue at all. IMO, Only thing I know for sure is that BioPlanet will excel and prosper in due time !!!