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Those numbers were about 7-8 years before the split happened.
Yes, considering I was in it in 2014 they had diluted the crap out of it up to the 950 million. I would say that I am about 90 percent sure that was the OS prior to the split because I remember it was approaching the authorized and massive. Now, since it was reduced down to the 95kish old Victor could have diluted some more here and there over the years. That is possible I suppose. Not sure. But it could not have been much because outside of a pump here in 2019 that took it up to around 3 dollars before it crashed again the volumes have been negligible. Most of these guys like him use our money to pay mortgages, vacations, etc!LOL Really hate that and considering his problems he could have done that. Anyway, to think this is over 200k is highly unlikely with the volumes IMHO. Plus there may have been a freeze on the company assets once the bond holders stepped in also. That is my two cents! For what it is worth.
I have tried to find it that way....no luck. Knock yourself out though and if you do find something let us know!
Actually, decided to go back and look at our conversations back then. Without looking to hard found this. I am starting to remember and it jogged my memory. I believe when the split happened we had 1 billion authorized shares and there were 950 million issued. Thus, when the split happened at 10k to 1 it would have put us at 950m/10k=95000 shares outstanding post reverse split. My guess is that is pretty close to accurate and maybe some of these sites just got the decimal wrong or something that do have the 9.3 or 9.5k listed. Still, this is an insanely low outstanding share value. Here is the message I rummaged and found from back then. I know I did computations also like this but WAS LAZY and found this one quickly!LOL
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=109252452
BTW, nice little share dump on the bid right at the end to bring the price down for tomorrow!LOL Watching all day I tend to think with how thin the shares are on the ask it really will not help. Whoever wants to accumulate this will have to pay up much more then where we are at now to keep going. JMHO.
Based on the outstanding shares on this, I think $10 is very reasonable prior to the filing but of course could be wrong. I am sure Omni knows exactly how many shares this has. Just looking at that factor alone though it appears that it is very nicely structured to be a win win for existing shareholders as well as a new merging entity and a custodian. Thus why it was maybe targeted and may be the best of the custodial applications they have going because of it. Victor should have figured out a way years ago to do something with this. Shows just total ignorance and laziness that he let it rot considering how it currently sits structurally. Also, wondering if the custodianship has to do with this being awarded in the case of the bondholders that was pending? Maybe the judge awarded all of Victors interest in the shell to the bondholders and they are the ones setting up the custodial situation? That could make some sense also...
If I remember correctly it was between 30-40k after the reverse split. I would feel more confident with that guestimate at this point then 9.6k. Honestly though, 9.6k would be nice! But still, even at 30k lets say, how much is a shell worth? Maybe a market cap of 2 to 3 million? If so, do the math on that. It comes out to over a 150 per share. These prices, if this has potential of happening, is a gift. Could go much higher just because of the shares out and equity involved IMHO. Of course, that is just my opinion and could be totally wrong. People should also do their own DD. But of course, whoever is buying those shares must agree with me I am guessing.
It seriously could just be the structure and equity. And the fact that unlike many custodial shells, this one has almost zero chance of a reverse split upon entry thus shares will not be reduced in value but be 1 to 1 on whatever is given as equity to the new entity and maybe Omni as well. Also, someone could seriously have a ton of say where this all goes if they buy up a significant percentage of the current outstanding shares and have a major say since there are not many out there. Considering this and if it is actually the case, people could really benefit from giving them some competition for the shares as this rises since the more there is the more they will have to pay for the shares thus the higher it should go for them to meet their targets of accumulation and ownership!
Wow, more MM showing up on the bid. And of course, almost nothing on the ask. And someone is really slapping the ask every now and then really good. Someone knows something about this one even up and above maybe what’s going on with the filing. That would be my guess. Course could be wrong.
Let’s face it, pretty much nothing for sale. And, considering that 9.6 K outstanding shares it states on my Ameritrade if that is right and this thing progresses forward it’s going to be a rocket ship. Honestly A public company with roughly only 10,000 shares out is very rare. it’s a very good thing though for an investor right now structurally in my opinion considering the circumstances here. There’s just almost nothing available to buy at this point.
VERY TRUE! With the structure of it though once it is cleaned up it will be very appealing for a company that wants to soon go to a major exchange. The PPS is there as well as very very low outstanding shares. Very prime target for a larger company that wants to go public quickly.
Well, all of those BLIPS down to pennies were not legit IMHO. The real price it hovered around as a true rough price during that down time outside of outlier manipulative trades was about 50 cents. That is what I am using as my bench mark since it was around there that most if any volume was traded since that pump and dump awhile back. That is why there were days where it fluctuated between .01 and $1 in one day!LOL Maybe Omni buying some before pulling the trigger? Interesting question.
Good solid holding of price at EOD! Wow, talk about level 2 being SUPER thin on the ask. Not really much there at all it appears available. Once the news spreads on this my guess is it will not take much to really push this much higher. At least we can hope so!
Good point! Maybe.
Ya, also makes you realize that people who have been in this for years knowing some of what I said will not part with those few shares out there easily at this point. Thus, can cause a MONUMENTAL low float situation where there could be literally less then 10k shares available down here or even much less. Based on the reverse split, if people did not average down at all over the years and figured it was just a loss, many of those people would have break even points I am guessing approaching or more then the $50 to $100 range. I am guessing many of them, at this point after all these years, would rather ride this out with their few shares and see where it goes rather then sell at a loss. Again, just my non expert thoughts!
Yes, and they have only 2 million a year in revenues! As well as they are specific to the ag industry only and are NOT a holding company. Redcat is seriously undervalued. Your post is SPOT ON. That is why RCAT is holding its price while the others are dropping as well the pending uplist!
I have seen multiple listings on outstanding shares. I have been around since 2013-14. After the 10k to 1 reverse split that f'd us all my math put us at around 30k shares outstanding. Now have seen in a few places it showing 9.3k outstanding. Many of the official sites seem to say not available on the outstanding, authorized, etc. so not sure what the actual number is at this point for the shell. That all being said, regardless of either of those numbers, the OS ON THIS ONE IS MICRO TINY! That should not only motivate investors, if this has a reverse merger candidate in its future, to invest, it also should just due to the sheer equity position in the shell you are receiving for each share! If in fact Omni is going to take this, clean it up, and then merge something into it then the structure and pricing is ripe for a company that is looking at this as a vehicle to soon uplist to a major exchange. And of course, with this pricing and outstanding shares there is pretty much ZERO chance of a reverse stock split upon a reverse merger. More then likely our equity would be just added to with issued shares for the ocmpany owners etc. and would carry the same weight as theirs one to one rather then what is common in gutting the equity of the current holders through a reverse split prior to awarding equity to the new company. It is simple math. Overall though, this is a very very good thing for this shell as a current investor I think! Ultimately from a pre reverse merger and price standpoint structurally this shell is very very awesome! All of this is, of course, JMHO and of course could be wrong on all this and am no expert at all. And of course as well, each person should make their own decisions and do their own DD. GLTA!
You must be involved in all these custodianship plays by this company. Saw you posting on the other boards as well like COHG for example unlike others here....
Pretty straight forward holding the line on the ask. With as few shares as this one has can not see people budging much on what they want for those shares.
Looks like shares have dried up. There are not many of them out there total anyway. People are now going to have to pay up to be in on this ride it appears.
That’s cool. If you have a link post it and will post in the intro.
TURA UP OVER 300% OVER LAST WEEK! NEW CUSTODIAN FILING
OMNI CORPORATE SOLUTIONS APPLIES FOR CUSTODIANSHIP OF TURBINE AVIATION CORPORATION
https://twitter.com/CorporateOmni/status/1377280137058779147
https://twitter.com/CorporateOmni
https://sites.google.com/omnicorporate.solutions/omni/about-us
DIRECTIONS FOR VERIFICATION OF CUSTODIAL CASE AT CLARK COUNTY SITE
Go to this link:
https://www.clarkcountycourts.us/Anonymous/default.aspx
Click on Civil/Criminal court search in pull down.
Enter case number A-21-831788-C
Enter date range on search further down of whatever the current date is to 5/15/2021
Hit search and should come up so you can verify the filing and court date. Here is also a cut and past of the actual information shown on the court page. Hope that helps and does legitimately show there is an attempt to establish a custodianship for Turbine Aviation!
Register of Actions
Case No. A-21-831788-C
Omni Corporate Solutions LLC, Plaintiff(s) vs. Turbine Aviation, Inc, Defendant(s) §
Case Type: Other Civil Matters
Date Filed: 03/25/2021
Location: Department 16
Cross-Reference Case Number: A831788
Party Information
Lead Attorneys
Defendant Turbine Aviation, Inc Pro Se
Plaintiff Omni Corporate Solutions LLC Jay A. Shafer
Retained
702-794-4411(W)
Events & Orders of the Court
OTHER EVENTS AND HEARINGS
03/25/2021 Complaint
Application for Appointment of Custodian
03/25/2021 Initial Appearance Fee Disclosure
Initial Appearance Fee Disclosure (NRS Chapter 19)
03/26/2021 Summons Electronically Issued - Service Pending
Summons
03/30/2021 Clerk's Notice of Hearing
Clerk's Notice of Hearing
05/04/2021 Petition (9:05 AM) (Judicial Officer Williams, Timothy C.)
Application for Appointment of Custodian (NRS 78.347 (1)(b))
Financial Information
Plaintiff Omni Corporate Solutions LLC
Total Financial Assessment 270.00
Total Payments and Credits 270.00
Balance Due as of 04/19/2021 0.00
03/25/2021 Transaction Assessment 270.00
03/25/2021 Efile Payment Receipt # 2021-17968-CCCLK Omni Corporate Solutions LLC (270.00)
TURA UP OVER 300% OVER LAST WEEK! NEW CUSTODIAN FILING
OMNI CORPORATE SOLUTIONS APPLIES FOR CUSTODIANSHIP OF TURBINE AVIATION CORPORATION
https://twitter.com/CorporateOmni/status/1377280137058779147
https://twitter.com/CorporateOmni
https://sites.google.com/omnicorporate.solutions/omni/about-us
DIRECTIONS FOR VERIFICATION OF CUSTODIAL CASE AT CLARK COUNTY SITE
Go to this link:
https://www.clarkcountycourts.us/Anonymous/default.aspx
Click on Civil/Criminal court search in pull down.
Enter case number A-21-831788-C
Enter date range on search further down of whatever the current date is to 5/15/2021
Hit search and should come up so you can verify the filing and court date. Here is also a cut and past of the actual information shown on the court page. Hope that helps and does legitimately show there is an attempt to establish a custodianship for Turbine Aviation!
Register of Actions
Case No. A-21-831788-C
Omni Corporate Solutions LLC, Plaintiff(s) vs. Turbine Aviation, Inc, Defendant(s) §
Case Type: Other Civil Matters
Date Filed: 03/25/2021
Location: Department 16
Cross-Reference Case Number: A831788
Party Information
Lead Attorneys
Defendant Turbine Aviation, Inc Pro Se
Plaintiff Omni Corporate Solutions LLC Jay A. Shafer
Retained
702-794-4411(W)
Events & Orders of the Court
OTHER EVENTS AND HEARINGS
03/25/2021 Complaint
Application for Appointment of Custodian
03/25/2021 Initial Appearance Fee Disclosure
Initial Appearance Fee Disclosure (NRS Chapter 19)
03/26/2021 Summons Electronically Issued - Service Pending
Summons
03/30/2021 Clerk's Notice of Hearing
Clerk's Notice of Hearing
05/04/2021 Petition (9:05 AM) (Judicial Officer Williams, Timothy C.)
Application for Appointment of Custodian (NRS 78.347 (1)(b))
Financial Information
Plaintiff Omni Corporate Solutions LLC
Total Financial Assessment 270.00
Total Payments and Credits 270.00
Balance Due as of 04/19/2021 0.00
03/25/2021 Transaction Assessment 270.00
03/25/2021 Efile Payment Receipt # 2021-17968-CCCLK Omni Corporate Solutions LLC (270.00)
DIRECTIONS FOR VERIFICATION OF CUSTODIAL CASE AT CLARK COUNTY SITE
Go to this link:
https://www.clarkcountycourts.us/Anonymous/default.aspx
Click on Civil/Criminal court search in pull down.
Enter case number A-21-831788-C
Enter date range on search further down of whatever the current date is to 5/15/2021
Hit search and should come up so you can verify the filing and court date. Here is also a cut and past of the actual information shown on the court page. Hope that helps and does legitimately show there is an attempt to establish a custodianship for Turbine Aviation!
Register of Actions
Case No. A-21-831788-C
Omni Corporate Solutions LLC, Plaintiff(s) vs. Turbine Aviation, Inc, Defendant(s) §
Case Type: Other Civil Matters
Date Filed: 03/25/2021
Location: Department 16
Cross-Reference Case Number: A831788
Party Information
Lead Attorneys
Defendant Turbine Aviation, Inc Pro Se
Plaintiff Omni Corporate Solutions LLC Jay A. Shafer
Retained
702-794-4411(W)
Events & Orders of the Court
OTHER EVENTS AND HEARINGS
03/25/2021 Complaint
Application for Appointment of Custodian
03/25/2021 Initial Appearance Fee Disclosure
Initial Appearance Fee Disclosure (NRS Chapter 19)
03/26/2021 Summons Electronically Issued - Service Pending
Summons
03/30/2021 Clerk's Notice of Hearing
Clerk's Notice of Hearing
05/04/2021 Petition (9:05 AM) (Judicial Officer Williams, Timothy C.)
Application for Appointment of Custodian (NRS 78.347 (1)(b))
Financial Information
Plaintiff Omni Corporate Solutions LLC
Total Financial Assessment 270.00
Total Payments and Credits 270.00
Balance Due as of 04/19/2021 0.00
03/25/2021 Transaction Assessment 270.00
03/25/2021 Efile Payment Receipt # 2021-17968-CCCLK Omni Corporate Solutions LLC (270.00)
Hey, what are your thoughts on this? Obviously you have been stuck here just like me for years when we had the big reverse split mess. You said you have had this judge. Are you in the M & A industry personally?
That is really interesting. Well, the link must expire then. I actually when first posted that went in and tested it and it worked fine. Now as you stated it stopped working. Either way, does work with the case number entered as you pointed out and was able to find it.
Already posted a direct link to the case. Thanks for the link to the county though so did not have to go looking for it. Used to watch it when they were working on the RM before jerk off did a 10000 to 1 reverse split and screwed everyone many years ago. Crazy I think that was seven or eight years ago. Long time waiting here in this one. Of course have had many times almost forgot about it and thought it would eventually get the ticker revoked like many others. Looks like maybe something will come of this potentially. Will depend on how the judge sees it I suppose. They obviously targeted this one for a reason and I am guessing have a good case. Guess we will see but appears to be heading in the right direction for the first time in eons.,.
Used both the CEOs name, name of the company, and turbine aviation. Nothing. So not seeing any verification. Where and what exactly did you put in to get it come up? That would be helpful. Thanks.
Ok, thanks. Also found this over at COHG which is slated to be heard in court tomorrow based on that twitter feed. They look to have been in this process longer then US here. But, have no direct links there either but must have dug up some info on the new custodial company. Read some of the posts and were informative.
https://investorshub.advfn.com/Cheetah-Oil-and-Gas-COHG-5077/
BTW, does anyone have an actual link to the REAL court filing? Or some third party entity outside of this NEW twitter account that looks like it was just created along with a NEW company it appears? This means nothing if no one here can dig up a REAL filing. Anyone can create a twitter account and a google page! Just saying.
Looks like a hostile custodian application. No guarantees with those and basically is just some unaffiliated person trying to take control of the shell. The SEC looks into many of these types of transactions per year if I am understanding correctly. Guess we will see how it works out but not going to hold my breath on this one. Could just be another hype like the one a year or two ago. And, the bio and website for this guy who is filing the papers looks pretty cheesy and low budget with no dates and very vague on his background as well. Overall kinda "shady" looking.
Honestly, the bigger news on this should be WHO posted it on stock twits! Not sure if it is real or not but the screen name has the name Chad Kapper! That would imply more then the graphic. Graphic may be a hint without pubic disclosure? Good question. Or could be a manipulator. Who knows at this point! The ID though was created in December so does seem to make it more legit then it being just made yesterday. Obviously the stock was not on the RADAR at that point....
This is just pointing out they are going to eventually be on NASDAQ in a "cute" way. You can go to NASDAQ.com and pull up any ticker on OTC this way as well so the graphic has no bearing on the uplist based on understanding that site and how it works. Still does not change the fact that it really could happen any day IMHO.
Sounds like Desperation to me......must be getting close. Sure hope so after all these years. Only a fool would sell a stock right before an uplist to a major exchange. There is a reason everyone and their dog at RCAT is converting into common shares. It is obviously the place to be moving forward in the near future.
My guess is its real interest based on the actual registration of shares on the S1 rather then using the exemption that is starting to drive the volume. Whoever has been controlling the price may have a harder time doing so as the volumes rise. Let us hope. Might be getting close. Keep your fingers crossed. Guess we will see.
Well, after three years here one thing we all know...and I have been years waiting on other stocks as well at points..NOTHING RARELY REALLY AMAZING USUALLY HAPPENS OVER NIGHT!
Missed that. Just my humble opinion(JMHO). Sorry.
Sooner or later that has to come to a head. Will be sooner IMHO since every day that passes the uplist is more likely to price then hit. JNHO. GLTA.
Looks like these people are preparing those shares to ride the uplist wave. Otherwise would have kept it in debt if it was not fairly certain at this point. JMHO. Let us hope this is a good sign they are getting in before the pricing is completed and the uplist happens here soon. GLTA.
Nice revenue growth. Q1 2021 will be the time to get the house in order and then move forward hopefully to a profit over the next few quarters. Looking pretty good in my opinion.