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Lessee… 3M shares of preferred for a buck a piece that convert into common stock at a 24-1 ratio… that’s like 4 cents a share….
He gets stock at 4 cents a share…… and folks think that’s a good thing, so good they’re paying nearly a buck a share today?
Wash trading robots are on, don’t get trapped. This won’t last. O/S turned over a couple times already on a stock that was trading 100-200k on good days.
24 trades all day long... no interest in this stock, and that's well earned.
Dude...
I'm not in any sort of corner, and have explained why "pizza math" is an incomplete story of RS's on the OTC, so, no, not a win for you, sorry.
And you know your history is open as well. You are not typical, relentlessly chiming "good things coming," more of the contrarian "EXCEPTIONAL" postings. Since you've mentioned it, when was your last post on that FKA board? How'd that come out?
I'll make it simple as well. This is what I said...
Oh, please... yeah, you're one of many singing the "RS ain't bad" or "RS doesn't change anything" in a chorus, some are even lying about the RS not being real after several have posted the black and white evidence that it is. It is noted that you didn't dispute the substance of the post about OTC RS's, just didn't like truth being posted.
So, a "sincere basher" wouldn't bash, or maybe wouldn't bash more than once? I know it is a concept that you'll never grasp, but there are people in the world who value truth and don't like watching people get scammed out of their money. This ain't no boiler room.
Don't let these con artist pumpers mislead you with pizza math. This is the OTC. On the OTC, reverse splits are always followed by dilution of the stock. The company awards shares to insiders, toxic lenders, friends and family, there's conversions of notes and/or preferred stock that was unaffected by the RS, and they sell it. Essentially they dump a whole lot more pizza into the market, and the price of pizza plunges.
This whole thing is a pump and dump. No multi-billion dollar company is handing over their equity ownership to the shareholders of a scammy stinky pink shell company.
Not talking about the words, talking about the action of shorting because you expect to receive shares in an offering to cover. Pretty sure that's against the law, and that Sabby/Mintz got caught doing it.
Page 24 of https://www.sec.gov/Archives/edgar/data/1566610/000149315224010507/form424b5.htm
Short volume is meaningless, just the MM’s doing their job. Here’s what FINRA says about it:
https://www.finra.org/rules-guidance/notices/information-notice-051019
Par value is irrelevant.
https://www.investopedia.com/terms/p/parvalue.asp
MULN "rocketed" for 1 month, RS price was $8, hit $14.32 11 trading days after, then the company started diluting. Currently trading at $4.58... and that's on NASDAQ.
https://finance.yahoo.com/quote/MULN/history/
Just a reminder: Reverse splits on the OTC are always followed by dilution of the stock. That's why the PPS dives when one is announced (or discovered) and why it dives a lot after the RS is enacted.
There you go again with that crap. The RS is still on and valid. Once again, here is their disclosure, filed on 12-14-23, nearly 3 months after the deadline that you continue to circle to mislead everyone. That deadline was for the board to decide and act, and they did those before the deadline expired.
https://www.otcmarkets.com/otcapi/company/financial-report/389219/content
On page 12, you'll find the "Subsequent events" section, and here's what it says:
You don’t get to “disbelieve” a statement made directly by the company in an SEC disclosure. That’s called pumping or lying.
Why not accept and acknowledge that the company itself says the RS is still pending instead of willfully ignoring it?
Dude... that document is the merger...
This is the share exchange agreement:
https://www.sec.gov/Archives/edgar/data/897078/000149315224007792/ex2-1.htm
It's on page 26....
Read it for yourself.
The RS remains pending until EMGE says it doesn't. Has nothing to do with the business that used to inhabit it. In the share exchange agreement, it says it is still pending. The deadline published in August was for the board to decide. The board decided in September. Since then, it's been pending with FINRA.
There has been nothing issued that says they're going to give EMGE shareholders stock in the parent company. If they intended to do that, the perfect time would have been when they issued the share exchange agreement detailing how the preferred shareholders were getting preferred shares of KOAN (convertible into 93% of the total equity), and there was no reason not to include it if that's what they intended to do. Instead, the only statement says the RS is still pending. If they don't intend to do the RS, they clearly have had several opportunities to say it.
VERB trading history:
https://finance.yahoo.com/quote/VERB/history/
Recent volume and price compared to the months prior looks, ummm, suspicious, especially since the recent PPS provided a nice profit to those who purchased from the offering, and the wash trading provided a clear opportunity to move the stock into the float.
Well, search on his name in a "search all posts" here on iHub, look at the other tickers he's been involved in, and their current status.
You left out a third "option."
3. This company they created out of thin air to start this fraud is worthless, and this is just another stinky pink RS so they can dump their shares on naive investors.
I'm talking about all the other crap you see posted in here about the parent company and its other subsidiaries. You don't have an ownership stake in the parent (KOAN). You don't have an ownership stake in the other subsidiaries. Your EMGE common stock only holds equity in EMGE, a majority owned subsidiary of KOAN.
And here's another thing that the head pumper doesn't want you to know or think about. You only hold equity in the EMGE subsidiary. You don't have an ownership stake in the parent or any of the other subsidiaries. That's how publicly trading subsidiaries work. If the parent ever decides to kill off the trading of EMGE and give you stock in the parent, they get to decide what it is, since they are the majority owner, they control everything.
So all this crap he's posting about the parent and the other subsidiaries is irrelevant to your holdings.
The basis for the PR is the share exchange agreement itself between EMGE and KOAN. The PR changes noting about the agreement between the two companies that I have linked several times. It says there's a RS pending for EMGE common stock as of about a month ago, and the PR doesn't say it isn't. That's the deal, they've mentioned the RS in every document submitted to OTC Markets and now the SEC, and until they say directly that it isn't pending, then it is.
Sheesh...
What happens every time one of these stinky pink scam stocks does a RS? They issue gobs of stock to themselves, friends and family, lenders, etc., and dilute. Every time.
This "JFH Digital E-Commerce" company was created out of thin air a few months ago, it was pumpers on social media that "connected the dots" to push the fairy tale that a thriving Chinese business was merging into a stinky pink that has been a perpetual scam, and they don't have to show any sort of documents as to what it is until the financials are due.
When the con artist pumpers endlessly ignore what documents issued by the company say, their aim is to manipulate you into buying so they can profit. If the company says a RS is still pending, then it is, like it or not. It's right there in the share exchange agreement on page 26. Read it for yourself:
https://www.sec.gov/Archives/edgar/data/897078/000149315224007792/ex2-1.htm
If "JFH" doesn't need money, then there'd be no reason to be public. Companies don't go public just to be public, they do it to get access to the capital markets, sell stock, raise money for their business.
What always happens after a RS on the OTC? I know you can get it... Starts with a D....
(Dilution)
The document I posted was the share exchange agreement between KOAN and EMGE, attached to a KOAN 8K. It gives all the details on the agreement between the two companies, how the preferred shareholders of EMGE get preferred stock of KOAN, with no mention of the common stock of EMGE except on that page 26 that states the RS is still pending. It is the agreement referred to on the March 15 PR, and that PR did not change the agreement.
The RS of EMGE stock was approved by the shareholders in August and specified by the board in September and remains pending with FINRA. It was included in their latest financial report and in the share exchange agreement. The company itself says it remains pending, like it or not.
EMGE is now a subsidiary of KOAN, KOAN owns those preferred shares of EMGE that were exchanged in the agreement. They convert into roughly a billion shares of EMGE common stock, making KOAN the majority shareholder, and that majority will be larger once the RS is finalized. All this crap you see about the other subsidiaries has absolutely nothing to do with EMGE, the only thing the shareholders own is whatever EMGE does, you don't hold equity in any other piece of the parent company.
Seems pretty simple.
I know how to read very well. Here, you tell me what it says on page 26 of the share exchange agreement:
https://www.sec.gov/Archives/edgar/data/897078/000149315224007792/ex2-1.htm
Completely false. The RS was for EMGE common stock.
Stop acting like the RS isn't pending. It was in the share exchange agreement that you keep boasting about what a great deal/merger it was, page 26.
Anybody can get a copy of the document from the NVSOS, just fill out the form and pay $2 per page. If you'd like it tomorrow, it'll cost $125. If you'd like it in 2 hours, it'll cost $500, 1 hour $1000.
Looks like someone paid to get the document submitted for the name change and they slipped the RS amendment in with it.
Stock is hardly trading at all, 65 trades all day long, and I was merely addressing the suggestion that it had been some sort of good day with it being "up 10%." It closed that way because of the paint.