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A lot more than anyone can anticipate, all the I-hubbers, penny flippers and profit takers will move on, but only the lonely will survive the final outcome of this.
At some point there will be some news, it might take a few extra day or perhaps weeks and we don't have to instantly get rich and no one has to wipe my hiney except me. What I want to see is the filing by midnight Friday.
Thanks Mojocash, the DD was too compelling for me and didn't mind being late to the game from the trips, but old saying goes "better late than never."
Just got in this morning for a starter position. Once I saw the massive volume decided to jump in.
Absolutely. Thank your brother too from the board. I have already acknowledged Floridany's amazing DD and have already sent a him PM a couple of days ago.
EVERYONE NEEDS TO READ THIS ARTICLE ESPECIALLY THE NEWBIES AND THOSE WHO ARE SITTING ON THE SIDELINES.
http://www.tcc5.com/Reverse-Mergers-Famous.htm
Great job by you and your brother!!!
Was this guy the only thing missing from the puzzle that you guys needed to pin him?
If this is or becomes a scam, it wouldn't be the big boys from Wall Street, they have much bigger fish to fry, then worry about penny flippers and just a little over a million dollars in volume. If this is a scam, it will be an orchestrated plan by certain groups of I-Hubbers and their Chinese affiliates. Furthermore, if this was a scam, Richard Oravec would not be tied to this and that is why one would have to eliminate the scam out of the equation. This is definitely a reverse merger and all the DD that has been presented by the few members here is astounding and points to the EV company.
That's because he talks out of his AZZ
On top of that the SEC attorney take 25-30K right off the bat.
The 10K and 10Q
I am not going to dispute over something that is irrelevant at this juncture, for a few reasons, whether they paid over 300K or they paid much less has no baring on the stocks direction, I have no position either way, so which it goes it is of no interest to me, unless of-course I see an opportunity and I will seek it for sure. But I can tell you for sure, having a series 6 & 7 license the price tag for bring a dormant shell current runs around 300K, but you can dispute all you want but I think I know better.
Just the audit part takes 100-125K.
xZx, I've always valued your opinion and especially when you nailed it with this one:
also, the MM folklore, breathless excitement about how "shorty is in trouble" is pure fantasy. is the stock going to dollars? if our theories are correct, it's at least worth a buck or two. MMs always know a deal, they communicate with a company. there are no big surprises. shorty won't "burn", so focusing on it is not meaningful.
There is no doubt that market makers communicate with the company and in-fact they communicate on regular basis, especially when they see a-lot of activity with a ticker because it tips them off for one reason or another.
What I meant to say was, it had cost them 300K dollars to bring it current status if not maybe just a little more, but I know the bare minimum to bring a shell back from dormant status is minimum 300K dollars these days and that is why they use it as a vehicle to reverse merge, which is a lot less than 2 million dollars IPO and which IPO take a little more a year and half. I think the primary reason is not so much the money, but the time it take to go public, if in-fact it is the Chinese Electric Vehicle merging with DOLV. Now, buying the shell is different in its entirety and I wouldn't have any knowledge about that, they might have paid cash, or stock, I wouldn't know. It remains to be seen.
All I am saying is they have funded 300K dollars more or less to bring it to current status and those funds came from somewhere, is it the Chinese EV?
So what did I say? I am not debunking your theory about buying the shell for cash. In-fact what I am saying is that they paid well over 300,000 dollars to bring the shell current, those funds came from somewhere, right? From the kitty of the merging company whoever that maybe.
While that may be true, but to bring a dormant public shell company to current status with the SEC, it will run a minimum of 300K.
When the time comes, but for now I will be watching how things unfold here. Thanks.
Have no skin in the game, I've been watching from the sidelines and just discovered the amazing DD by a few here, especially Floridany. I was very tempted this morning, have been watching the tape all morning yesterday, today, on and off the last couple of days, I wanted to see it bust through that big ask both yesterday and today, that would have made me jump in with at least a million shares, but it failed to deliver and when there was no buying pressure, which caused a psychological barrier for traders like myself, it only entices short attack followed by profit takers, followed by MM's knowing where those stop losses were and with coerced effort they brought it down. So, it brings up the point that gonorrhea (gonzo) has made on numerous posts here on this board (been playing with weak minds on this board) and fell right to his trap and I hope for the sake of longs he is wrong for tomorrow, but unfortunately if there is not enough buying strength tomorrow this will fall below 1 and will most likely close sub. The only possible scenario would be that there is some sort of announcement, even a supplemental information at pre market tomorrow morning. You people (longs) will have to truly believe in your gut that this is the true deal and if you take it above 2 I will be the 1st in line to tap the ask to the tune of a million shares because I fully believe in the DD, which by the way hands down it's the best I've seen.
The company has nothing to do with it, they are a legitimate company.
I wouldn't touch this with a ten foot pole. This was an orchestrated pump and dump.
Who cares right? right. I don't care, I sold with a loss, I can only imagine where this is going tomorrow all the way to Friday.
1. No, he did not tell me they were broke, I know they are broke and please refer to #2
2. Asked if you could help finance? Yes he did
3. Told me whoever told me that they were in "full production" which was you CJ, he said they were lying.
4. He never told me because of Finra the reverse split was cancelled, if you read the March 14th press release thats what it implies
5. He never told me he couldn't get financing.
6. Asked if you wanted some preferred shares? Yes
7. Told you they had no contracts? Yes
8. Told you contracts will be a year out? Yes and no he said they may not a get contract for year.
Bloodbath out of the gates tomorrow. See you in the subs by Friday.
In that case good luck and may the force be with you.
By that time this will be in the trips.
He said it will be another a year or so before we get any contracts, on the positive not he said, the product is well received in the market place.
Due to certain circumstances related to the filing, jeez what could that mean. Does anywhere in that statement does the company say related to the board that we decided to cancel the reverse split? None, therefore it has to do with Finnra.
Maybe that is and was the case, it's anyone's guess at this point. They have to clarify that whether the board or Finnra.
It is clearly stated that the inability to secure final approval of the action, so therefore they were denied. I don't know, maybe I am wrong, but when I connect the dots, that's what it means, they were denied.
Because due to foolishness didn't read it until mid day yesterday.
The Company previously filed a notification with FINRA for a proposed reverse stock split of the Company's issued and outstanding common stock. Due to certain circumstances related to the filing and the inability to secure final approval of the action, the company has decided not to pursue effectiveness of the stock split.
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And for that reason plus having the conversation with Ernst was the nail in the coffin for me.
The Company previously filed a notification with FINRA for a proposed reverse stock split of the Company's issued and outstanding common stock. Due to certain circumstances related to the filing and the inability to secure final approval of the action, the company has decided not to pursue effectiveness of the stock split.[color=red][/color]
Like I said had a change of heart, forgive me if I had change of heart. Now, that I read the story about the reverse split, it's not that they cancelled, it's because they couldn't get it done under the Finra rule. They were told that couldn't do it.
Ooops sorry.
This is no insider information, the insider voluntarily decided to spill his beans out, if he is in-fact an insider and shared the companies dire cirucmstances with an already shareholder at the time, and I am conveying that message to the board. If in-fact that was a insider information he should have very well known that was insider information, which he said I have to be careful of what I say because of insider information, so, nothing he said was insider information because everything will be on the 10Q and if you have further question regarding the 10Q please do not hesitate to ask him as he told me also. Trips coming
Oh yes he did.
I am as surprised as you, obviously he doesn't have friends deeper pockets than me, or he might have and screwed them over. I told him why doesn't he try to raise money through equity funds, he said is waiting to see if that will go through. Believe me, I was surprised my self, that's why I sold yesterday after talking to him. It just didn't add up.
Nothing has changed except mountain of debt. He has tried every avenue, crowdfunding, which hasn't helped. So he needs funding, otherwise he going concern will get a lot worse.
What I simply trying to say was that the company has no funds based on my conversation with the guy (Ernst), so , either he is trying to downplay this and make it sounds like they are really desperate or they really are desperate.