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As long as they're SEC delinquent they need to be careful about releasing news. That could be an express route to suspension if deemed pumpy.
Congratulations. I'm allergic to clowns it turns out.
Auctus Fund is not the same company as Auctus Capital.
What the heck are you talking about?
One should probably keep in mind that the Auctus Capital mentioned in that post is not the Auctus Fund that is actually the entity involved with BRTXQ.
That was a very mistaken opinion.
So the "million shares a day" language isn't actually in the POR?
That's what I thought, it was entirely made up.
I'm not going to go looking for something that does not exist.
I don't recall ever seeing that. Just where might it be found, exactly? Got a screenshot?
Auctus Fund is not Auctus Capital.
Microvision, they were already on NASDAQ. I believe that was a requirement for them to stave off delisting, not a simple one-shot requirement to uplist from OTC to NASDAQ.
Anyone telling you that is lying to you.
Effective Date is Monday the 16th.
No it doesn't. Dilution starts ON the Effective Date. 33% the first, second and third 30 day periods. Not starting in the second 30 day period.
Nope. Dilution starts on the Effective Day, which is Monday.
Unfortunately he is quite incorrect. "Official" dilution starts Monday. It's right there in the 8-K and POR.
I know they are intact here, I said usually, referring to that normally common shareholders get wiped out. Meaning that the court doesn't give a rats ass about the shareholders, they are not so much the concern of the court. It is the creditors that are important, including here in BRTXQ
The official dilution can start a week from today, by the way. I read some DD on Pacer.
Unfortunately shareholders are the lowest rung on the ladder. It is the company's creditors that are first in line to get taken care of. Common shareholders usually get absolutely nothing in a bankruptcy.
For those wondering about SEC suspensions during bankruptcy.
https://www.pacermonitor.com/public/case/30645576/Zenergy_Brands,_Inc
SEC was fully aware they were in the middle of BK but they were not reporting as required.
https://www.sec.gov/litigation/admin/2020/34-89940.pdf
Suspended some weeks ago, now has a CE and trades on the Expert Market.
https://www.sec.gov/litigation/suspensions/2020/34-89941.pdf
That's the foundation of the whole pump. Yes.
Are you saying it is impossible?
FYI, the BK is not something that is being coordinated with the SEC.
https://www.otcmarkets.com/filing/html?id=14483841&guid=9FheUKAgXcHmo3h
Exposing the pump false claims is only "trashing" if it goes against ones' agenda.
I would rather know the truth than be misled and run around with rose colored glasses.
Sometimes the truth is ugly.
Plans to become current in the future have no bearing on the fact that they are a year overdue at the moment. In the present. As in right now.
Who's to say we're not? We're a year overdue with SEC filings. Bankruptcy doesn't relieve one of the obligation to keep up to date with filings. This could potentially get suspended any day by the SEC. Anybody holding this overnight has balls of steel or balls of ignorance.
Or if you consider that the doc did not specify "business days" then the Effective Date will be Monday the 16th.
The CEO also said it would be the 16th in a quoted email.
That is a pump opinion article full of errors that is meant to draw in the uninformed and gullible.
You'll notice they offer no evidence or factual reference whatsoever to the claim of having been on NASDAQ.
Do your own DD and see what you come up with. Do you see any actual evidence anywhere they were on NASDAQ?
I've looked long and hard and found absolutely nothing.
OTC CEO's aren't exactly known for stellar truth-telling abilities.
That's pretty jacked up if CEO Lance is trying to pull off the false narrative of BRTX having been on NASDAQ previously. There seems to be no evidence anywhere of that having been the case.
That'll be a big hit to his credibility.
BRTX has never traded on NASDAQ, that is a mistaken opinion.
You won't be able to buy any CE's going forward. You can still sell and/or hold any you already have.
Also that the Effective Date is the 19th (it's the 16th) and that dilution won't occur until 12/19 (it can start 11/16).
And the dude needs to learn to correctly spell Auctus.
This never traded on NASDAQ.
The fact that there is such an effort to convince investors that the company has a better history than it actually does should be a concern to anyone thinking about investing here.
Just like the "traded in the past at $40" claim. That is totally bogus as well. Investors deserve to know that that is totally untrue. Pretending like it's not important that these false claims are out there is disingenuous at best.
Correct. EOM
The leak out restrictions don't mention "15 business days", only 15 days whereas elsewhere in the document they specifically mention "business days" for stuff.
Also, I thought there was an email floating around where the CEO himself said 11/16 for the Effective Date.
Obviously there is a great effort to spread the mistaken opinion that this was on a major exchange in the past so as to influence thoughts about it in the future.
But those opinions are entirely false. Don't potential investors deserve to know the truth about the history of the company?
It was never NYSE either, sorry. It's always been OTC.
This has never been on NASDAQ no matter how many times that gets repeated.
Most OTC traders get burnt. But there are always new ones coming in.
From your link, https://meccainstitute.org/ :
MECCA Institute is a theological school that focuses on Progressive Islam. What is Progressive Islam? It is the kind that was practiced by Prophet Muhammad in which women, LGBT persons, and people of other faith are welcome in the mosque. This type of Islam is always cool, always timely, and never at odds with anyone. Women are at the heart of Islam. In fact, when in the 7th Century Islam was introduced to the people of Arabia, the first Muslim was a woman. Women’s Studies, therefore, is an important focus for MECCA Institute.
This has never traded on NASDAQ.