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Investing Public deserves to be told material events.
It's 11 days after April 28 and still no official confirmation.
The company is expected to inform the public of the truth.
Stock should be halted until news.
Something isn't right and retail investors shouldn't be kept in the dark.
8-K said April 28 and individuals should know the truth 10 days after the date of whether the deal closed as expected or not.
Good Morning All.
Looks like people have many doubts.
As I said before it's because the 8-K specifically said April 28.
If it said June 30 ... we would be okay with no official updates. The reported email and phone calls would be sufficient to see some good action.
But, because April 28 has come and gone .... we need something substantive.
Good Luck to all that hold.
I am just saying that I need something substantive to buy and hold.
Would be nice if we got something Monday Morning.
This needs confirmation to get support and rise up.
Sadly I don't think message board posters phone conversations is sufficient.
If the 8-K had said June 30th maybe reported phone conversations would help .... but the 8-K clearly said April 28 and the company has not said anything officially.
So might be No Bid or getting out of the trips this week.
All depends on what the company does.
I just hope someone doesn't say that expecting something this week is a bad idea. The transaction was supposed to close April 28 shareholders should be told one way or the other the reality of the situation.
All the Best.
If the transaction has closed, it would make sense for Canteck to actually be issued the shares.
David Alexander and a representative of Canteck (Diana Zhabilov) reportedly say the deal is done.
People are posting information from the TA and it does not show that restricted shares have been issued.
Now, if the TA said something that suggested the Outstanding Shares had increased and that 2,220,863,404 shares were restricted well, maybe the deal did close and David Alexander simply forgot that closing is important.
But nope, not even the TA can give us a sliver of hope that the deal is closed.
You can call me a basher, but the reality is that nothing substantive proves the deal actually happened.
I want to be rich as well, so I would like to have proof that a deal is real. Recent share price is indicative of more people thinking like me.
BSSP needs something substantive to kick it back into gear.
Because Canteck will be given shares upon closing of merger.
Although Restricted, they would still count in the Outstanding Shares.
So, if the merger is closed .... why does the TA provide Shares Outstanding as if the transaction did not close?
FACT: The filing is for a potential deal that was supposed to close on April 28.
So, announcing the potential for a deal is more important than the closing of the deal itself?
Do you really believe that the closing of the deal is less important than the possibility of a deal?
Earlier, I hypothesized that some of the selling was an effort to raise the money to bring this current.
Unfortunately the amount of selling by long-term sellers (as shown through low daily short sale percentages) points to a lack of credibility.
I mean, they held Hundreds of Millions of shares and they didn't hold for Positive Confirmation. Why not?
What do they know that we don't?
Do you really believe that announcing the potential for a deal is more important than the deal itself closing?
The stock has tanked since May 3rd. The deal, if done on April 28 - as stated on the 8-K - should have been reported May 4th at the latest.
I want to make money and if the deal is reported as done through SEC filing I will be buying in.
Until that point many people like me will stay out.
This stock needs news to recover and for people to stop selling.
Rumors of the CEO responding did nothing for the price.
We actually need something substantive.
FYI, Deal can be terminated by either party any time after May 2nd.
No Positive Confirmation and the fact that we are past May 2nd doesn't look good.
Even if the CEO responded to me and said deal is legit ... I wouldn't care because there has been no filing. Telling people it's closed before telling the public via a PR or an 8-K could also create a problem.
The deal was supposed to close April 28.
If it did close April 28, an 8-K should have been put out by May 4th. Why? Material Events (how is a change of control transaction not a Material Event?) need to be disclosed within 4 business days.
We have not had an 8-K confirming the deal.
It could be that things are alright. But, besides hope, there is nothing that proves things are going good.
We have reached the point where people who bought in need a legitimate reason to hold. While people who might buy are holding off because things are uncertain.
First Point, do you honestly believe the closing of a deal that results in change of control is not a material event? Do you think announcing the possibility of a deal is more important than the deal closing? That's how the company is acting now.
Second Point, yes, saying a deal closes within a weak is a short term teaser. It doesn't matter that it says it will result in change of control nor does it matter that the sector is hot. It says that a deal MAY close.
Third Point, yes, getting debt cleared out is obviously good. But, if the deal does not exist .... what exactly did shareholders buy?
The stock tanked and the main reason for that is because debtholders cleared out and some people started to realize that a deal which closed on April 28 really should have been disclosed by now. It's mostly debtholders because new stockholders want to believe.
Tell me ... what is the purpose of releasing news before it's official?
The 8-K convinced people to buy, hold and wait.
Look at the short report data. On the big down days, short % is quite low. That suggests that sellers held shares for longer than 3 days (settlement period). That points to note/debtholders bailing and people who recently bought in, holding and hoping.
I want the news to be real so I can buy and get rich.
I want to believe. Experience says: wait.
Would be nice if the CEO released the truth on Monday. Good or Bad, the people who bought in deserve to be told whether the deal they bought in for exists or not.
Just so you know, one could argue that debtholders crushed the price here and then converted at less than 0.0001 ....
Let's say they sold out at an average of 0.0003 .... that would mean that they got $3 for every $1 originally lent.
Think about it.
Why release something that essentially says a deal will be closing within the next 2 weeks?
Why not after the deal is signed?
The 8-K drove people to buy and hold while debtholders sold what they could.
This is common in OTC plays. So many promised dividends .... the real purpose is to get people to hold in anticipation of such. Meanwhile guess where the mysterious shares come from? Debtholders.
I posted here suggesting it wasn't worth holding through an event.
That is, people should have waited for confirmation.
My interest was and is to buy on confirmation.
Without it, this stock will go back to where it was before - no bid.
People wanted to believe the news and the debt/noteholders took advantage.
Take a look at the short report data.
Low % percentage and high volume is indicative of dilution - likely from debt/noteholders.
Perhaps too much to the point.
Has anyone ever held shares in a company in which the control ownership changed and the CEO simply forgot to tell shareholders?
Try:
revestechnology1@gmail.com
WOW.
The CEO actually said he didn't know that they had to release something regarding the change of control?
Before the deal was announced, the stock was at no bid.
So, yeah, it's kind of important to the valuation of the company.
"All we had to do was follow the damn train CJ."
Good Morning BSSP.
When the CEO says ALL is as expected ... what does that mean to you?
To me that means that there has been no delay in closing.
Because a delay is unexpected.
See ... the 8-K told people to hold and guess who has been selling?
Debt/Noteholders who converted.
Disappointment may be on the menu.
When it comes to stocks dependent on some event ... it's not worth holding through the event.
Much better to buy after it's announced. Saves you from 50% (sometimes more) haircuts and you are rarely given 100% instant gains for holding through.
Would love to be surprised though.
News that deal closed on April 28.
If that happened we should be told today.
WAIT!
Was this all a scheme so people would hold and not sell?
I guess still no confirmation regarding the April 28th date, huh?
The total outstanding shares when it flew in 2015 was 360 Million.
So, no, it was not the same as BSSP.
Good Morning all.
So, "all is in order" means what?
To me it means that everything we said we would do, we have done.
That would mean the deal closed on April 28th as stated in the 8-K.
If it didn't close as expected, than not all is in order.
So, is anyone's definition of "all" different than what other people accept it to mean?
Seems like an obvious word. Either you have everything in order (all) or you don't have everything in order (not all).
So, yeah, tomorrow is kind of important.
If all is in order than we have to hear something tomorrow.
Because tomorrow is the 4th business day after April 28 - companies have to put out an 8-K 4 business days after a material event.
April 28 is when the transaction was supposed to close.
April 19 is when the original agreement was drawn up - public was informed April 25 which is 4 business days later.
Strange that they would tell an individual investor before releasing the 8-K. This has me a little worried. That is, the transaction isn't closed ... maybe not terminated, just not closed for now.
As I said before, you guys need confirmation.
I would be scared with the lack of volume.
That's when BMAK played his games or diluted ... whatever you believe that lets you sleep.
How do you guys feel that the company responds to emails - they also responded to one I sent - and has not posted an 8-K confirming the deal?
For the record, the deal can be terminated by either side now.
That's also in the 8-K filed April 25.
List of trades from Friday from 2:45pm follows below.
Anyone know why the 0.00128 trade was expunged?
Also, does anyone know why there was odd trade patterns? I am referring to the 10,200 20,400 40,800 and 81,600 sequence trades.
Just wondering if anyone has seen anything like that before
Trades for BSSP on 20160429
Time ET Ex Price Change Volume
16:06:48 Q 0.0004 -0.0001 18,000
16:06:45 Q 0.0004 -0.0001 2,000
15:54:54 Q 0.0004 -0.0001 1,863,925
15:54:49 Q 0.0004 -0.0001 1,000,000
15:53:21 Q 0.0004 -0.0001 998,000
15:53:13 Q 0.00033 -0.00017 40,000,000
15:53:13 Q 0.00033 -0.00017 90,000,000
15:49:02 Q 0.0003 -0.0002 67,540
15:48:08 Q 0.0004 -0.0001 50,000
15:46:49 Q 0.0003 -0.0002 949,200
15:46:40 Q 0.0003 -0.0002 28,983,260
15:46:30 Q 0.0004 -0.0001 347,500
15:43:48 Q 0.0004 -0.0001 950,000
15:41:54 Q 0.0004 -0.0001 500,000
15:39:40 Q 0.0003 -0.0002 465,306
15:38:40 Q 0.0003 -0.0002 10,000
15:38:32 Q 0.00028 -0.00022 10,000
15:38:32 Q 0.00028 -0.00022 10,000
15:38:29 Q 0.0003 -0.0002 20,400
15:38:22 Q 0.0003 -0.0002 10,200
15:38:18 Q 0.0003 -0.0002 10,200
15:38:16 Q 0.0003 -0.0002 498,334
15:38:12 Q 0.0003 -0.0002 2,501,666
15:37:44 Q 0.0003 -0.0002 500,000
15:37:42 Q 0.0003 -0.0002 1,136,800
15:37:41 Q 0.0003 -0.0002 3,636,800
15:37:40 Q 0.0003 -0.0002 273,600
15:37:40 Q 0.0003 -0.0002 263,200
15:37:39 Q 0.0003 -0.0002 100,000
15:37:38 Q 0.0003 -0.0002 100,000
15:37:37 Q 0.0003 -0.0002 100,000
15:37:34 Q 0.0003 -0.0002 100,000
15:37:34 Q 0.0003 -0.0002 100,000
15:37:33 Q 0.0003 -0.0002 100,000
15:37:30 Q 0.0003 -0.0002 100,000
15:37:29 Q 0.0003 -0.0002 100,000
15:37:29 Q 0.0003 -0.0002 100,000
15:37:24 Q 0.0003 -0.0002 300,000
15:37:22 Q 0.0003 -0.0002 100,000
15:37:21 Q 0.0003 -0.0002 81,600
15:37:20 Q 0.0003 -0.0002 100,000
15:37:14 Q 0.0003 -0.0002 40,800
15:37:13 Q 0.0003 -0.0002 100,000
15:37:12 Q 0.0003 -0.0002 100,000
15:37:10 Q 0.0003 -0.0002 20,400
15:37:09 Q 0.0003 -0.0002 100,000
15:37:08 Q 0.0003 -0.0002 100,000
15:37:07 Q 0.0003 -0.0002 10,200
15:37:04 Q 0.0003 -0.0002 100,000
15:37:04 Q 0.0003 -0.0002 10,200
15:37:03 Q 0.0003 -0.0002 100,000
15:37:01 Q 0.0003 -0.0002 81,600
15:36:59 Q 0.0003 -0.0002 40,800
15:36:58 Q 0.0003 -0.0002 100,000
15:36:57 Q 0.0003 -0.0002 1,000,000
15:36:57 Q 0.0003 -0.0002 20,400
15:36:54 Q 0.0003 -0.0002 10,200
15:36:53 Q 0.0003 -0.0002 100,000
15:36:50 Q 0.0003 -0.0002 10,200
15:36:46 Q 0.0003 -0.0002 50,000
15:36:46 Q 0.0003 -0.0002 1,200,000
15:36:45 Q 0.0003 -0.0002 100,000
15:36:34 Q 0.0003 -0.0002 5,000
15:36:18 Q 0.0003 -0.0002 100,000
15:36:18 Q 0.00029 -0.00021 5,000
15:36:00 Q 0.0003 -0.0002 100,000
15:35:55 Q 0.0003 -0.0002 14,432,800
15:35:53 Q 0.0003 -0.0002 81,600
15:35:50 Q 0.0003 -0.0002 40,800
15:35:48 Q 0.0003 -0.0002 20,400
15:35:48 Q 0.0003 -0.0002 100,000
15:35:46 Q 0.0003 -0.0002 10,200
15:35:43 Q 0.0003 -0.0002 10,200
15:35:40 Q 0.0003 -0.0002 100,000
15:35:36 Q 0.0003 -0.0002 100,000
15:35:35 Q 0.0003 -0.0002 2,000,000
15:35:30 Q 0.0003 -0.0002 100,000
15:35:27 Q 0.0003 -0.0002 100,000
15:35:23 Q 0.0003 -0.0002 100,000
15:35:21 Q 0.0003 -0.0002 10,000
15:35:21 Q 0.0003 -0.0002 60,133
15:35:19 Q 0.0003 -0.0002 100,000
15:35:17 Q 0.0003 -0.0002 100,000
15:35:15 Q 0.0003 -0.0002 81,600
15:35:14 Q 0.0003 -0.0002 100,000
15:35:09 Q 0.0003 -0.0002 100,000
15:35:07 Q 0.0003 -0.0002 40,800
15:35:06 Q 0.0003 -0.0002 20,400
15:35:05 Q 0.0003 -0.0002 100,000
15:35:02 Q 0.0003 -0.0002 10,200
15:35:01 Q 0.0003 -0.0002 100,000
15:34:58 Q 0.0003 -0.0002 10,200
15:34:57 Q 0.0003 -0.0002 100,000
15:34:53 Q 0.0003 -0.0002 81,600
15:34:52 Q 0.0003 -0.0002 40,800
15:34:46 Q 0.0003 -0.0002 20,400
15:34:43 Q 0.0003 -0.0002 10,200
15:34:39 Q 0.0003 -0.0002 10,200
15:34:29 Q 0.0003 -0.0002 10,000
15:34:29 Q 0.0003 -0.0002 26,800
15:34:25 Q 0.0003 -0.0002 100,000
15:34:20 Q 0.0003 -0.0002 100,000
15:34:19 Q 0.0003 -0.0002 100,000
15:34:18 Q 0.0003 -0.0002 81,600
15:34:16 Q 0.0003 -0.0002 40,800
15:34:15 Q 0.0003 -0.0002 100,000
15:34:14 Q 0.0003 -0.0002 10,000
15:34:14 Q 0.0003 -0.0002 50,133
15:34:09 Q 0.0003 -0.0002 20,400
15:34:08 Q 0.0003 -0.0002 100,000
15:34:07 Q 0.0003 -0.0002 10,200
15:34:06 Q 0.0003 -0.0002 100,000
15:34:04 Q 0.0003 -0.0002 10,200
15:34:02 Q 0.0003 -0.0002 100,000
15:33:58 Q 0.0003 -0.0002 100,000
15:33:57 Q 0.0003 -0.0002 100,000
15:33:54 Q 0.0003 -0.0002 81,600
15:33:53 Q 0.0003 -0.0002 1,000,000
15:33:52 Q 0.0003 -0.0002 100,000
15:33:51 Q 0.0003 -0.0002 40,800
15:33:50 Q 0.0003 -0.0002 20,400
15:33:48 Q 0.0003 -0.0002 100,000
15:33:46 Q 0.0003 -0.0002 10,200
15:33:44 Q 0.0003 -0.0002 100,000
15:33:43 Q 0.0003 -0.0002 10,200
15:33:40 Q 0.0003 -0.0002 100,000
15:33:34 Q 0.0003 -0.0002 100,000
15:33:34 Q 0.0003 -0.0002 4,980,000
15:33:31 Q 0.0003 -0.0002 10,000
15:33:31 Q 0.0003 -0.0002 86,800
15:33:29 Q 0.0003 -0.0002 100,000
15:33:29 Q 0.0003 -0.0002 10,000
15:33:28 Q 0.0003 -0.0002 100,000
15:33:25 Q 0.0003 -0.0002 100,000
15:33:25 Q 0.0003 -0.0002 1,700,000
15:33:23 Q 0.0003 -0.0002 100,000
15:33:22 Q 0.0003 -0.0002 81,600
15:33:20 Q 0.0003 -0.0002 81,600
15:33:19 Q 0.0003 -0.0002 10,000
15:33:18 Q 0.0003 -0.0002 40,800
15:33:18 Q 0.0003 -0.0002 40,800
15:33:16 Q 0.0003 -0.0002 20,400
15:33:14 Q 0.0003 -0.0002 100,000
15:33:13 Q 0.0003 -0.0002 1,000,000
15:33:13 Q 0.0003 -0.0002 20,400
15:33:10 Q 0.0003 -0.0002 10,200
15:33:09 Q 0.0003 -0.0002 1,000,000
15:33:08 Q 0.0003 -0.0002 10,200
15:33:06 Q 0.0003 -0.0002 100,000
15:33:05 Q 0.0003 -0.0002 10,200
15:33:03 Q 0.0003 -0.0002 10,200
15:33:02 Q 0.0003 -0.0002 10,000
15:33:02 Q 0.0003 -0.0002 76,800
15:33:00 Q 0.0003 -0.0002 100,000
15:32:56 Q 0.0003 -0.0002 100,000
15:32:55 Q 0.0003 -0.0002 100,000
15:32:51 Q 0.0003 -0.0002 100,000
15:32:50 Q 0.0003 -0.0002 100,000
15:32:46 Q 0.0003 -0.0002 100,000
15:32:44 Q 0.0003 -0.0002 100,000
15:32:40 Q 0.0003 -0.0002 100,000
15:32:40 Q 0.0003 -0.0002 100,000
15:32:35 Q 0.0003 -0.0002 100,000
15:32:34 Q 0.00028 -0.00022 5,000
15:32:34 Q 0.0003 -0.0002 100,000
15:32:33 Q 0.00028 -0.00022 5,000
15:32:33 Q 0.00028 -0.00022 5,000
15:32:33 Q 0.0003 -0.0002 81,600
15:32:30 Q 0.0003 -0.0002 40,800
15:32:29 Q 0.0003 -0.0002 100,000
15:32:26 Q 0.0003 -0.0002 20,400
15:32:24 Q 0.0003 -0.0002 3,000,000
15:32:22 Q 0.0003 -0.0002 10,000
15:32:21 Q 0.0003 -0.0002 100,000
15:32:20 Q 0.0003 -0.0002 10,200
15:32:18 Q 0.0003 -0.0002 10,200
15:32:15 Q 0.0003 -0.0002 100,000
15:32:09 Q 0.0003 -0.0002 100,000
15:32:08 Q 0.0003 -0.0002 3,487,067
15:32:05 Q 0.0003 -0.0002 3,333,333
15:32:03 Q 0.0003 -0.0002 3,410,200
15:32:00 Q 0.0003 -0.0002 3,410,200
15:31:13 Q 0.0003 -0.0002 1,900,000
15:30:07 Q 0.0003 -0.0002 110,000
15:29:59 Q 0.0003 -0.0002 5,000,000
15:29:55 Q 0.0003 -0.0002 2,000,000
15:29:51 Q 0.0003 -0.0002 8,116,115
15:29:46 Q 0.0003 -0.0002 500,000
15:29:36 Q 0.0003 -0.0002 458,885
15:29:32 Q 0.0003 -0.0002 604,000
15:29:27 Q 0.0004 -0.0001 4,000,000
15:29:13 Q 0.0003 -0.0002 860,000
15:28:52 Q 0.0003 -0.0002 1,000,000
15:28:39 Q 0.0003 -0.0002 5,000
15:28:34 Q 0.0003 -0.0002 495,000
15:28:25 Q 0.0003 -0.0002 5,000
15:28:07 Q 0.0003 -0.0002 1,813,256
15:28:07 Q 0.0003 -0.0002 3,186,744
15:27:51 Q 0.0003 -0.0002 1,500,000
15:27:43 Q 0.0003 -0.0002 4,050,000
15:26:48 Q 0.0003 -0.0002 5,000
15:26:32 Q 0.0003 -0.0002 6,450,000
15:26:30 Q 0.0003 -0.0002 1,500,000
15:26:29 Q 0.0003 -0.0002 10,000
15:26:23 Q 0.0003 -0.0002 10,000
15:26:19 Q 0.0003 -0.0002 400,000
15:26:17 Q 0.0003 -0.0002 1,979,000
15:26:17 Q 0.0003 -0.0002 1,016,000
15:26:16 Q 0.0003 -0.0002 962,082
15:26:10 Q 0.0003 -0.0002 1,016,000
15:26:06 Q 0.0003 -0.0002 2,500,000
15:26:04 Q 0.0003 -0.0002 4,901
15:26:04 Q 0.0003 -0.0002 99
15:26:04 Q 0.00031 -0.00019 5,000
15:26:01 Q 0.0003 -0.0002 3,525,000
15:25:58 Q 0.0003 -0.0002 2,000,000
15:25:51 Q 0.0003 -0.0002 5,500,000
15:25:46 Q 0.0003 -0.0002 5,999,900
15:25:44 Q 0.0003 -0.0002 1,334,999
15:25:42 Q 0.0003 -0.0002 9,000,000
15:25:41 Q 0.0003 -0.0002 9,000,000
15:25:32 Q 0.000297 -0.000203 38,296,981
15:24:42 Q 0.0004 -0.0001 1,500,000
15:22:01 Q 0.0004 -0.0001 600,000
15:21:07 Q 0.0004 -0.0001 2,000,000
15:20:23 Q 0.0004 -0.0001 5,000
15:19:51 Q 0.000396 -0.000104 47,531,819
15:19:41 Q 0.0004 -0.0001 2,475,000
15:19:41 Q 0.0004 -0.0001 2,500,000
15:19:27 Q 0.0004 -0.0001 200,000
15:19:23 Q 0.0004 -0.0001 800,000
15:19:23 Q 0.0004 -0.0001 4,326,743
15:19:19 Q 0.0004 -0.0001 8,326,743
15:19:17 Q 0.0004 -0.0001 9,000,000
15:19:15 Q 0.0004 -0.0001 9,000,000
15:19:08 Q 0.0004 -0.0001 3,280,000
15:19:06 Q 0.0004 -0.0001 2,833,333
15:19:06 Q 0.0004 -0.0001 1,000,000
15:19:06 Q 0.0004 -0.0001 9,000,000
14:45:50 Q 0.0005 900,000
14:45:48 Q 0.00048 -0.00002 10,000
14:45:21 Q 0.0005 500,000
Actually the proposal happened April 19th as per the 8-K.
So, why bother disclosing it 3 days before it closes?
How exactly does this help shareholders?
The deal needs to close otherwise this has been a debt/noteholder converters dream.
I want to drink the Kool-Aid but something just seems off.
If closing is announced Monday Morning I will buy.
I want to make money as well, that's why I am still watching.
Can anyone vouch for the whole "triggered sell orders".
Did anyone here get shaken out? Besides the guy who says that he got 0.0009 while it showed up on the list of trades at 0.0004 that is.
Sounds like a nice story.
At least better than Noteholder Dilution.
Besides Noteholders, who has been in the stock a long time and has a large position?
Interesting that this post was minutes before weird stuff happened.
High Volume and low short percentage = long-term holders (more than 3 days) selling.
That's what I believe, what about you?
What's the point shorting this?
If confirmation comes I will buy.
Stocks that are dependent on some event happening aren't worth the risk.
It may be worth it to buy and sell into the move as people hold and hoping for the best.
Look at the various Pharma stocks that go through FDA Approval.
If it's rejected, the stock goes down 50-90% and if it is approved, the stock may jump 20% and continue to run.
Holding through the event is not worth it.
Getting 20% gains versus losing 50-90% is crazy.
Buying after confirmation is worth it. (May also be worth buying into the hype and selling right before the rejection/approval.)
So, yes, I am interested. I want to see it succeed so I can buy in and rake in the money. It's just not worth buying and holding through. It may be worth trading on the hype. This week we will see one way or the other.
I don't want to see failure because I can't profit off it. Much better to succeed and profit together.
Yes.
And the 8-K also says deal can be terminated as of May 2nd by either side.
If they decided to move the deal date from April 28th to June 30 that seems like a Material Event to me.
Besides, you stated you bought 30 Million Shares. Obviously, you have to believe the company to do that.
The "deal" was proposed April 19.
Material Events need to be disclosed to the public via an 8-K within 4 business days.
April 25 was the 4th business day from April 19.
Also note that on April 19 .... Plenty of shares were given to cover debt past debt - this is also in the 8-K.
Confirmation needs to come and either we fly on it or we go to no bid as the company is worthless.
Also, saying some date causes buyers to buy and hold for some event.
If you are a noteholder and have plenty of shares to sell you don't want competing sellers.
Saying the deal will close shortly will cause more immediate buying and holding.
Also note that the company is delinquent in its filings.
So, yeah there is lots of reasons to believe this is a sham. That's why its hard to reach 00s. Lots of people have a hard time believing in the story.
That's why confirmation will send this up.
Friday's actions seem more like someone selling shares obtained through debt conversions than manipulation.
Short % was 21.9% and that indicates most of the shares sold had been in someone's account for more than 3 days.
Sure, I want to believe that this will go to the moon but unless we get something concrete ... it won't go further.
To be fair, the 8-K does say that BSSP will raise $41,698 to bring filings current.
Previously, I mentioned that 89 Million shares at 0.0005 (this was the big T-trade this week) would give $44,500
It could be that VNDM was simply obtaining the money for these costs.
Or .... saying they needed $40,000 would get people to hypothesize that dilution was legitimate .... when it was simply dilution.
Fun times on an OTC stock indeed.
Good or Bad .... we should know how the ride goes this week.
Of course I want confirmation of the deal.
We need the confirmation otherwise BSSP Shareholders will be Knocked Out.
Would love to see Monday Morning news.
They PR'd last Monday and given they provided the April 28 2016 deadline I would hope that they would tell us within 4 business days of a Material Event.
For those keeping track, Wednesday May 4th would be 4 business days after April 28.
And, if the deal doesn't close by May 2nd - Monday - the deal can be terminated by either side. (Again, this is in the 8-K filed.)
So, yeah, Monday is kind of important.
As I said before .... BSSP NEEDS Updates.
Otherwise BSSP Shareholders will be like Manny on the ground:
Down for the count.
If it goes good we can be like Manny cashing in on a big payday .... although the bad guy will still win.
So what shall it be?
A KO for BSSP Shareholders.
or
Do BSSP Shareholders receive a prize .... but the Market Makers continue with their livelihood and because they own Vegas they still win?
Would love to see things go well ... it just seems hard to believe at this point.