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Looks we ended at a healthy reset today. Price driven down by selling on news. Excited what tomorrow brings for price correction!
May not be for much longer! I’m expecting between .60-.80 cents today. Shares are getting locked up and more buying to continue.
Sorry, I misunderstood. RM agreement and signing can be done. It is generally understood that it takes a while after signing to “close the transaction” aka get filing in order and 4 days after that to file a super 8-k.
We will get a news update soon about the actual signing and agreement though.
Very good article about reverse mergers:
https://www.lexisnexis.com/lexis-practice-advisor/the-journal/b/lpa/posts/reverse-mergers
Wrong due to being the wrong type of Rm.
A synthetic shell, also known as a "Form 10 shell" or a "419 shell", is a public company that does not have a ticker symbol and has not yet obtained DTC eligibility.
I assume there will be a reset in the beginning of the day and a quick bounce back to green imo. Nice to see SPOM doing well since I was disappointed in HDII problems. Should see dollars coming as soon as news hits.
Usually yes, but he is still listed as a director on NVSOS. Most likely meaning he is sticking with this company possibly as a consultant.
But a minimum of 1 million shares (for capital NASDAQ). Makes me worried about what they will do to get there. I hope they release news soon.
NYSE and NASDAQ have a minimum public shares of 1125000. I’m afraid of him just increasing the AS to the requirements and diluting for funding. I just hope my fear is misplaced.
Since no effective date was filled in on the form, wasn’t this supposed to be done today?
This may be in order to limit shareholders. Number of shareholders needs to be limited as an uplisting requirement. The 1:1000 may be a way to reduce the number of shareholders. This would make sense and is usually followed by a forward split. Nasdaq requires more than 500,000 publicly traded shares though so maybe NYSE unless they increase OS and AS afterward.
Says a share of common will be issued for each previous 1000 shares of common. Not technically a reverse split since they changed AS
How did you see the document? Do you mind showing the document or at least the part of it that shows changed AS?
Technically not a Reverse Split since that does not affect the AS. This change does not really screw over the shareholders as much as an RS would.
IMO this is too much even for them wanting to quickly uplist to NYSE or Nasdaq. A 1:100 reverse split would have done it for them.
This only accomplishes in killing the liquidity of the stock. They could do a forward split and which increases the OS but that still doesn’t make sense since that doesn’t affect AS either.
What purpose is there in raising PPS in this way?
Honestly see this as the only way to explain this RS. This is too much just to increase it just for Nasdaq or nyse.
I’m planning on holding on for the ride but I don’t feel very comfortable in this anymore which sucks.
What’s the point of such a massive RS on a already small AS and OS? The stock will need to be at $50 dollars just to match what is is now at .05
Is there any way to see the contents of the document?
Can’t say for sure without the document. The document itself is for any stock change so it could be a decrease of authorized shares or changing the preferred shares.
Wow, a lot of strength here! The higher this goes before news, the higher it will spring board up when it comes. Hard wondering everyday if today the news will come out but it is eventual! GLTA IDAD
S1 for uplisting to higher boards like I said. Can you send link to what con he has run? And don’t reply to anything dealing with this company or associated ones since it takes time to lift a company off the ground.
S1 helps down the line for uplisting and the auditor is given all previous information for the company. And who told you it was a big auditing firm?
So excited for the future of IDAD! Working nights lately so it’s tough to keep up on day to day. Tough to even pick when I would want to sell this during the process.
In my opinion, it will jump to between .20-.30 if we see Virucure as the company. Then this will start going up later as we get more updates and plans.
But I’m curious on this buyout situation. Is that a guess of what may happen or do companies do a RM to get bought out for some reason? Because we may be waiting another year or two for even a chance at that.
I’m glad developments are happening! Can’t wait for more updates and confirmation on actual company.
Looks like the law office address on NVSOS is located in midtown Manhattan. Good location and means big business. Can’t find much more though.
Go IDAD! I’m a little worried about the lack of updates to NVSOS though. Just delays coming out of the holidays?
Very happy about IDAD getting going. Been a bit of a wait that is finally paying off.
It’s a little weird that OTC markets were updated with officers as the first sign of a merger. If I’m not wrong, it’s usually NVSOS update that lets us know about a merger on other Lazar tickers. Anyone have an opinion on this?
Thanks and IDAD 2020!
Feels good to see some action on this after so long. Nice to see this growing, but I think all the longs are holding for .10 or more. We know how fast this will shoot.
Merry Christmas
I agree, I think people will see that it’s not going down from here and it will rise throughout the day. Then more DD and it shoots up for real. Not selling anything down here.
Going to be a hard night to sleep. Christmas came early!
Amazing news and the patience pays off, gotta do my own DD but it’s great that the new officers have a good background and reputation. Most of the time it’s very unknown people.
Can someone fill my bid entirely, or are just gonna keep selling 200 shares at a time to paint it down?
OTC has cooled off a lot coming into the end of the year. The selling on news has been ridiculous on so many tickets. The bad thing about Lazar plays is you need patience but it’s good because it WILL happen unlike rumors like most OTC. I’ve been following Lazar for about a year and very happy.
Could easily be the case and usually is but if you follow Lazar then you know he does this with companies to set them up to sell quickly. He has done this before, and a new company isn’t in right out of the gate. Either way, you want to be in on this for when the RM is finalized.
Awesome news! After termination, the only thing left is to wait for a buyer to snatch $PFMS up.
Wait!? This is a scam? Damn, it really fooled me by making me so much money. Thanks for the tip.
Love to grab some that low but not likely.
So we find out this should be around a penny at least with properties and expectations and it goes down this far?
Massive Dilution with minimal PPS lose? Either it didn’t happen or people are buying as much as the company is selling. Either way, good signs!
Too early for any accurate evaluation since we do not know the properties or customers for them. Could also be a lot more depending on their funding goes. Nobody can say for sure other than it will go up if they stick with their goals for the next year. Conservative guess was welcome though. No need to say “dollars” before we even know anything
Righton, old company didn’t do a good job. New company is much more qualified.
Exactly! Good thing it’s being sold to a $140 million dollar company.