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Their last 13d speaks volumes. They let the SEC know that they still own all of their shares as well as the assets. This is going to be exhibit A when they get the Q removed.
Yeah it'll be 100% Information driven from here. I don't think we have many more shakeable traders left. For the most part everyone knows what they own and what the deal is. Day 5 tomorrow since WC closed, and we are still trading.
This false argument is the EXACT opposite of what is true. WITHOUT MAKING A WINNING BID IN COURT WCs shares of SOUPQ would have become worthless, but they saved themselves and everyone else by buying the assets which came with debt. Good Lord, people should be full of excitement over this revalalation.
They had to win the auction in order to protect their own interests. AND WHAT ARE THOSE INTERESTS?THEY ARE THE COMMON SHARES THAT THEY BOUGHT ON THE OTC. The common shares were the most valuable thing at stake here, but they had to buy the debt in order to get the chance to make them worth holding.
Wow. Another one day wonder posts a major falsehood. WC purchased their common shares on the open market 119,000,000 of them prior to getting the winning bid on the asset sale in which they purchased the assets and debt together as a means TO SAVE their own common shares by getting SOUPQ out of bankruptcy. It seems like this is being heavily loaded for another run.
They paid more for the debt than they did the assets. That should be a big clue as to what the real value is here. They now have a clean slate moving forward. Everything points to survival of the commons here. It's baffling that more people don't see this. The real run is coming.
My wife met him once while shopping in a hotel store between business conferences where he was due to speak the following day. He's accessible to the common person and will have a long conversation with you especially if it is about business. He Is a very nice guy and likes to wear red tennis shoes at his talks. So I do not believe it is out of the realm of possibilities that someone may have spoken to him about this, however it has so many good things going for it I don't think he is necessarily needed.
It looks like everything hinges on the word "enhance." For those that are not clear on the definition I dug this up:
https://www.merriam-webster.com/dictionary/enhance
Going to dip up to .085 or .10
IMO
You just got follow #1 HAPPY TRADING
Interesting day. IMO based on my previous posts here tonight I think WC needs to put out an immediate PR due to the fact that shares have now officially been traded In response to the 8-K posted under their official control of the SOUPQ symbol. Close to 1 mil in trades have taken place since Friday, and if this has been done under false pretense, perceived or intentional, then the consequences should be enforced. If you allow Friday the 8th of September as a free day because of closing, then this stock has officially traded for 3 days under WC control with many traders believing that the new company is tradeable and worthy of purchasing on the OTC.
Yeah let's be honest. This stock has traded for 3 whole days since the transaction. Let's not pretend like WC has no idea that this is being traded, after all they own 119,000,000 plus shares along with the 547,000 preferds. So let's be honest. If they were going to shut it down, then it would have been done already otherwise they are now liable for enticing new buyers to make purchases based on the 8-K filed today. I get that we are both on the same side here. However, they filed an 8-k with the SEC that states they are taking the common shares of SOUPQ along with the purchased assets and are moving forward into a new business venture. We also own common shares of SOUPQ, and they were traded today BASED ON THAT INFORMATION. So yeah, let's be honest.
Hey all joking aside if number 2 happens you can probably expect that someone that may end up losing serious money here (it's all relative 5k 20k) you never know how much that money meant to someone, could end up trying to do a number 2 on the whole deal. We live in crazy stressful times, whatever the takeover investors do, if I was a franchisee, I sure would not want to have to deal with a bad decision at their level dropped down to mine.
HERE's The BIG PROBLEM with choice 2.
The ill will it would create with their best fans, customers. Just about everyone involved with this stock loves Seinfeld, and that this product was involved in a very popular episode of that show. WC might be hardcore investors, but they know that there is a lot more money to be made by spreading the wealth/risk.
WC has been around the OTC. They know that even a hint that they burned traders will come back to haunt them, something they'd never do in the first place, I think we should all agree on this.
Lindy IMO we would have bottomed out by now if the LONGS here did not have legit DD that says this is going to be big. Notice that the enemy did not attack en mass today as they did yesterday after many misunderstood the old company 8-K. 26 mil shares were traded yesterday yet we pretty much went sideways today, actually green. What does that tell us? Well it tells me that those that wanted it dead yesterday didn't want it to die today. I think that if each of us keeps asking, "why?" Then we will come up with the right answer. I'm not going to pump this. Real money is at stake here and I'm ready to ride this bet into the ground, but that's just me.
Chag gotta love that 13d today!!! $SOUPQ we are heading NORTH ! These others, these stragglers for the ones that come in and take from those without knowledge and that are not of strong mind with proper DD? My friend, what should we do for these poor souls? I don't think we can help them and that is very unfortunate.
The share structure here is a lot better than many shells that have share counts in the billions upon billions with no end to the dilution in sight. Also, we have to remember that the common shares owned by Wealth Colony are the same as the ones that we own. IMO this is a pretty good situation. Furthermore they will be taking over an existing business, they won't be merging their Hedge Fund business with the SOUP biz...you're not going to be able to go into a SOUP franchise, get a bowl of soup and be able to buy stock in emerging little known high growth potential companies. Unique situation here.
IMO Exactly Right. Here are some Hall of Famers that made amazing gains through reverse mergers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52448306
Well you should read it and tell me what you think? My opinion is, based on what I see, they have 119million + shares, and that they would also like to let the SEC know that they bought all the assets and took on the debt that was keeping the old company underwater. IMO they are no longer underwater, and this 13d will be used as an additional filing to prove to the OTCQX OR B (or who knows which big board) that they are ready to trade without the stigma of bankruptcy, because they have re organized and are ready to go...simply put, it looks to me like the commons are intact.
You know about the 13d right?
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12278919
This Item 4 is being amended to add the following:
On September 8, 2017, Gallant Brands, Inc., an affiliate of WealthColony Management Group, LLC, completed the purchase of substantially all of the assets of the Issuer for a purchase price of approximately $6,700,000 including $2,000,000 in cash and approximately $$4,700,000 of indebtedness which was acquired from a secured creditor of the Company and credited to the purchase price.
Doc, I see you got the Delorean up to 88mph. Nice!
You mean .085! That's great Predictor!
That's great! I commend you on your foresight to buy low.
If Wealth Colony announces that they have backed Gallant Brands with 10-20 million dollars in cash, and that they have a distribution deal lined up with Whole Foods...add another 3-4 great upcoming plans, then this goes through the roof. Excitement could drive it easily to a dollar or more...then long term, just look at the big players, what if SOUP could hammer out a 5-10 percent market share?
The last second trade that came in was on the ask for .0181 didn't post till after hours, but I have a feeling this thing explodes here in a relatively short period of time.
The only ones that know that for sure are insiders of the new company. However their latest filing (not the one yesterday, from old ownership) took two business days from their mentioning of it in court to make it to www.otcmarkets.com By my observation, WC closed, and took official ownership on 9-8-17. So today marks two whole business days from that point. Take that for what it is. IMO news could drop at any time and to paraphrase Will Farrell from Anchor Man, "It's kind of a big deal," due to the fact that it involves a NYC based greatest money generating sit com of all time, and that WC is from the NYC area. Yesterday will go down as a historic trading day in the OTC. The outside world may never know or care about it, but the ones that were there will never forget it. I only have a modest amount of shares 155k, but I didn't give away a single one. I'm all the way in, and my guess is that maybe 25-50 percent of the traders that got spooked yesterday are still very interested in this action. That's just a guess. Once they realize that they got spooked by nothing, it may be too late to buy in this low. But my belief still holds that this can be worth 5x-10x short term its pps from .10.
Socrates, the Ancient Greek philosopher said that, "all most people ever see are shadows on the wall."- from Allegory of the Cave
Mark Cuban once called the stock market a "big poker game." Not a huge fan of his, but he's right about that.
Hey brother, I said a few weeks ago on this board that anyone that makes money on this stock will have earned it...today you earned it. So one of these days when you're enjoying some of the money, keep that in mind. Nothing about this was free or easy.
Out here in No FL in my 4x, thanks for the info. It just didn't make sense to me, this panic. WC hasn't even had time to put a filing through yet.
Good God, that makes this an absolutely beautiful 8-K.
I'm still out taking care of FL family members. LMAO, that's great. I just knew something wasn't right with the panic.
I know, I'm with you, my on your side sarcasm didn't translate well, not giving away one share over this.
So WC decided to just flush their shares down the drain today. Uh yeah I don't think so.
EXACTLY ZUES excellent job buddy we are so golden here it's amazing. I literally feel sorry for those that panicked.
No damage. Kept family safe. Thanks. Just glad that it wasn't worse for the State
Mods BAN this spammer
BIG BLOCK BUY 120k is another way to look at it
No- I was blocked from American Airlines by one of these know it all brokerages. It cost me thousands of dollars. They know nothing.
I thought it closed on the 8th