Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nice Wolverine, looks like they might let this run if L2 stays this way!
Wow, only 35m .0005's on the ask.
Nice quote TP, NOUV will finally be providing it's own updates and disclosures to shareholders. Pink Current coming soon! Tick tock...
This link is now on high watch: https://www.otcmarkets.com/stock/NOUV/disclosure
Oh man, I guess we shouldn’t be surprised. Think the SEC will do something this time?
I believe you are spot on. Going back to October 2017 (yes I bring this up all the time lol), I believe that volume is linked to this deal with P*RA!
Your 7B+ insider estimate could very well be true. NOUV has a 10B float, but you can’t tell from the way it’s been trading. Who exactly is holding all those shares? ;)
Very informative link. This caught my eye:
“Insider Distributions: Insider holdings and activity are key when determining the value of a spinoff. High insider ownership gives management incentive to perform well and drives shareholder value.”
Insiders hold 4B+ restricted shares here... this bodes well for the restructuring.
https://www.investopedia.com/articles/stocks/06/mainvesting.asp#ixzz5TZXZxB00
Unfortunately you are mistaken. The “new” owners filed an amendment just last week on the Wyoming entity:
https://wyobiz.wy.gov/Business/GetImages.aspx?sid=092053242094033166176153020201061174096186137125&stid=143081052037131049174101151060105191121240225143
Looks like the Real Estate crew is trying to keep this thing alive. Too bad Eddie left TDEY with a stop sign on OTC Markets...
This is all too odd. I wonder if there’s a custody battle going on?
Check this new report, NOUV is mentioned multiple times:
EDIT: Whoops, you've posted this link before. My apologies! I'll keep it here for anyone else interested.
https://www.purationinc.com/goldman-research/
PDF link: http://www.goldmanresearch.com/Download-document/618-PURA-10.10.18-1.html
Very good information here, but I don't see any mention of a time for the presentation.. I bet P*RA will fill us in tomorrow on the details.
This is the first time VCPS has ever closed at .00001 before. I wonder if insiders or MMs are trying to attract attention here..
The reason why I say this is because I've seen it happen before. Stocks will get painted down to .00001 or .000001, only to get painted back up to .0001 within the next day or two. This results in the stock showing a misleading 900% or 9900% gain for the day lol.
Almost 50m shares bought during the last hour. Good sign for things to come tomorrow...
News scheduled for tomorrow! Looks like they wanted to hold it here until then.
Agreed, TP. Looks like it's about ready for an L2 shift soon.
Nice hits. The bid is very strong and continues to increase despite any kind of dumping. Good momentum here!
Thanks for that information. Is it possible they are converting shares at .00001 in order to try and sell back at .0001?
I guess it’s more of a mystery than anything as to what their intention is. Since every million shares at that low of a price isn’t much money to begin with.
I did notice that! I wasn’t sure if it was odd MM misprints or what. I’ve seen it happen before on other .0001 stocks, but never multiple times in one day.
Ah true, good point! It could possibly be anticipation for filings to be released soon.
Although it looks like Bloomberg auto-generates the dates, I suppose it makes sense if the company waited until the Q3 due date to release everything since it’s so close. Do it all at once lol. Maybe based off that theory, that’s what made someone want to buy in today imo.
The OS remains unchanged, as of October 1:
Authorized Shares
9,900,000,000 as of 10/01/2018
Outstanding Shares
2,885,816,795 as of 10/01/2018
https://www.otcmarkets.com/stock/VCPS/security
Interesting volume, and it made the ask drop. I'm not seeing a catalyst though...
Yup, same dip happening with P*RA too. I'd expect to see upward movement happening soon in anticipation of Thursday updates.
I concur with you both. An idle mind is the devil’s workshop. Without patience, trading in the OTC is not possible.
Patience has given me my biggest gains in most cases, and ECOS will be no exception.
Agreed AJ, that float’s gotta be locked at this point. Over 700m in buys today. I’d expect this momentum to continue tomorrow.
Amazing accumulation TP... the 260m bid went away, but it proves that there's a lot more buying interest than it looks.
260m on the .0004 bid. NOUV is trading strong...
lmao, I totally agree.
I was wondering the same thing! lol. I believe you are correct about a 2nd PR, but it might just be a P*RA PR... refer back to this quote from P*RA's PR last Friday:
I'm ready.. hoping for a nice push today! Especially if it's fueled with an additional PR.
I do like that price target, especially pre-reorganization :)
The $1.2m won't be convertible until after the reorganization, so the pps could be anywhere at that time.
I'm wondering if P*RA is holding off on announcing the reorganization details because they also want to see how high NOUV's pps can go first based on this deal. IMO.
I was fashioning my answer towards the poster that I was replying to. I'm not leaning in any direction, and it all depends on what P*RA wants to do.
I believe that whatever the method is for the reorganization, it looks to be beneficial to NOUV regardless. A buyback would certainly be awesome, anything is possible. P*RA should say what their plans are next Thursday.
NOUV has a huge share structure, so there might not be a way around it if that's the case.
P*RA is making it clear though that the reorganization is not for dilutive purposes... Dilution is the top, if not only, reason why OTC stocks drop after an RS.
P*RA also stated that any post-split conversion is for dividends, therefore they will be restricted shares. It won't increase the float.
I totally understand why some traders would feel nervous about it. But based off the facts from the PR, NOUV's PPS will not suffer from the reorganization.
REMEMBER: NOUV will turn into an operating cannabis cultivation business after all of this. It's a booming sector which could increase more from the recent MJ sales legalizations.
The spinoff announced today has been affected through the execution of a securities exchange agreement with Nouveau Life Pharmaceuticals, Inc., (NOUV) ("NOUV").
It's officially a done deal. Here's another important note from the PR:
All of the NOUV common shares issued in conversion of the purchase note are slated for distributed to PURA shareholders in a dividend distribution.
All conversions will result in restricted NOUV shares, therefore keeping the float intact.
https://finance.yahoo.com/news/puration-announces-cannabis-cultivation-spinoff-120000603.html?.tsrc=applewf
Interesting post. Entuit Inc does have a share agreement with NOUV, which makes sense that they would utilize their technology with P*RA.
For the chance of dramatically increasing sales through P*RA, this could be why Jeff Burns is surrendering his ownership of NOUV... imo.
The deal with P*RA will officially close tomorrow, and then the process will start.
You’re right, NOUV needs to be current before anything can happen to it. So I’d imagine they will start releasing filings, move new management in, activate/pay the NV entity, etc... should be fun times ahead.
I believe the restructuring will be favorable for two reasons:
1. P*RA shareholders will be receiving NOUV shares, so the restructuring is not meant for dilutive purposes.
2. NOUV management holds a large amount of restricted shares. Approximately 4+ Billion since the last report on OTC Markets. The restructuring will also affect these shares.
All imo.
Yes, NOUV is being acquired by P*RA. P*RA is going to use the NOUV shell to reverse merge their cannabis cultivation business into.
Important note: NOUV will be restructured, but the restructuring details will not be released until after the deal closes. Also, as part of the deal, P*RA will receive a $1.2mil convertible note from NOUV. P*RA can convert this note into shares of NOUV, which will then be given to P*RA shareholders as part of a dividend.
"The spinoff transaction is structured whereby PURA shareholders are to receive one share of target public company stock for every five shares of PURA stock that they hold."
https://finance.yahoo.com/news/puration-announces-loi-spinoff-cannabis-131500268.html
Reverse merger cannabis play.. check out the bottom of Wolverine's post here for a pic of the original announcement PR: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143911764
The deal is scheduled to close tomorrow, so we might be seeing some NOUV fireworks soon...
You're welcome. Happy trading to you as well!
Ready to roll! This may be the last day for .0002's imo...
Nice! I noticed they corrected it on OTC Markets too:
https://www.otcmarkets.com/stock/PURA/news/PURA---Puration-Confirms-Spinoff-Scheduled-Next-Week-and-Announces-New-Target-Cannabis-Beverage-Acquisition?id=205344