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I have been invested here for a long time.. what is driving this stock higher?
Thankfully I have cashed profits at .01 and bought back in at 51ish. Other account I am in to win at .0015, did take some just below .01..... it just makes sense since post split I will still have a lot of shares. Good luck everyone
That was figuring R/S.
9.4 million
A copy, but all appears solid!
"A reverse stock split would follow these steps:
#1 Shareholders vote to reverse split the stock in order to increase share price in the hopes of attracting institutional investors who might otherwise shy away from the Company based on its sub penny stock price. SEC filers will use the Form 14 at this stage.
#2 Board of Directors approves a reverse stock split and authorizes management to file the appropriate documents with the State and FINRA.
#3 CEO files a Certificate of Change/Amendment (in Nevada, for instance) which details the amount of the reverse split and the proposed effective date, which is usually at least ten days hence.
#4 Issuer counsel files for a new CUSIP.
#5 Issuer counsel files for a new Corporate Action with FINRA and provides all of the supporting shareholder and Board documentation to show approval.
#6 Company announces the proposed reverse split in a news release, 8-K, etc.
#7 FINRA reviews and approves the reverse stock split if all of the necessary corporate formalities have been followed.
#8 DTC requires a legal opinion from outside securities counsel on the new, post-reverse-split shares.
Git this from elsewhere, true to my DD!
"A reverse stock split would follow these steps:
#1 Shareholders vote to reverse split the stock in order to increase share price in the hopes of attracting institutional investors who might otherwise shy away from the Company based on its sub penny stock price. SEC filers will use the Form 14 at this stage.
#2 Board of Directors approves a reverse stock split and authorizes management to file the appropriate documents with the State and FINRA.
#3 CEO files a Certificate of Change/Amendment (in Nevada, for instance) which details the amount of the reverse split and the proposed effective date, which is usually at least ten days hence.
#4 Issuer counsel files for a new CUSIP.
#5 Issuer counsel files for a new Corporate Action with FINRA and provides all of the supporting shareholder and Board documentation to show approval.
#6 Company announces the proposed reverse split in a news release, 8-K, etc.
#7 FINRA reviews and approves the reverse stock split if all of the necessary corporate formalities have been followed.
#8 DTC requires a legal opinion from outside securities counsel on the new, post-reverse-split shares.
Re reverse split, there is nothing ominous here, simply the procedure is to announce the split then to make an application to FINRA and simultaneously file documents with Nevada Secretary of State. Within the filing to FINRA you are required to include a suggested Live Date which is normally around 3 weeks ahead. This date is only a guideline. As you can appreciate right now due to Coronavirus FINRA seems to be running behind and we are awaiting their approval and the date will obviously be pushed forward.
As to the Fiscal Year. As per our previous announcements it was our intention to uplist to a Higher exchange and in order to do this we need an Audit demonstrating a minimum Net Asset Value that are applicable to that market. Our last review (Q’s are classified as Reviews and not audits even though auditors work on them and oversee them and they are filed with the SEC) was a Q2 on Jan 31st we are simply taking the review and auditing it and will also change financial year which will save the company from re auditing again in July this year.
Re the Esports / Peer to Peer one of the companies are a listed company and we need to be careful not to divulge any further info at this stage but will keep you updated. We should have a conference call in the next week or so and on this will be able to update all shareholders about our progress and immediate plans.
I hope this helps
Thanks again for all your support
Kind regards
Brian Goodman
I read it..Many 8k's have detailed explanations when procedures are changed!
I would have liked a more detailed explanation on the 8k, but oh well. Looking forward to a positive pre announce.
Glad you are letting the Professionals handle it!
Go get 'em Tiger!
I generally don't agree with a lot you have to say, but this possibility sticks in my craw.
You must have oodles and oodles of shares. Glad you are the spokesperson for everyone.... LOL
What are the odds he uses spall check?
Already in the single digits....
With GMGI at .0097 I am up 460%
??
Oh okay Mr BigTime.
Sooo the problem I have is the shares for services trade! I do not support giving any more shares for services when there is cashflow! Any way you shake it, it dilutes the stock! If the Final goal is uplisting then this will not happen. In my opinion of course.
The price increase is related to; stock being undervalued based on profit and future earnings, stock split WITH reduction of Auth. Shares, possible uplisting, increase online gaming and the appointment of outside people to the board.
My biggest issue with this stock is the # of OS and Goodman's past propensity for giving shares for services.
Have a Great week!!
There will be pullbacks! Patience
I will settle for a higher price point consolation! Very Happy with my position and added some 73's this week.
Will it hold, or sell off?
There was a PR release on Oct, 11 regarding progress for Oct. 31st, so I would guess that it should be the first part of next week. I did not see one for January, but probably just missed it.
When will the pr for new earnings be coming out? In the past it has been roughly three weeks before results have been published.
Five weeks for it to arrive.
Given the current earnings, isn't this stock undervalued? It would seem fair value is around .015.
Dropped it did, like a rock!
Up 595 percent, but I should probably take a little bit off the table. Just not sure how much to shave off?