Want to see it push through 12's before pour hour to prevent potential end of day sell off. If it can build momentum could have solid close

Maybe, but can you be more specific in your question

A reverse merger has been completed between Sooum and SWRF, they just recently filed an 8k getting prior period filigns audited and now are working on the 10k for 2014.

The company must likely is getting their ducks in a row from legal/audit stand point and perhaps preparing a filing for FINRA for name change.

After that i would expect to start seeing communications to shareholders unveiling the new publicly traded Sooum

Reverse mergers take time and if you look at ones that have been sucessful for shareholders have played out in similar fashions.

The only current risk is a reverse split, other than that this will spike at some point when news is released.

the biggest positive is the BOD and management, research their backgrounds and see if you feel comfortable letting them use your money to grow a business.

http://www.sooum.com/board-of-directors.html

Accumulation is through the roof on 60min chart, on the daily MFI is sloping up. If/when news is released the MM's will let this run like crazy

I find in interesting to look at Phil's followers as well. He has quite the diverse, international group of connections some of which has 10's of thousands of followers. A lot of which are companies and not individuals.

he seems to have quite the online network as his bio describes, nothing major but interesting non the less

VFIN can be used by retail and due to its status as a dilutor does often invoke fear so it has been known to be used by manipulators to bake up false claims of dilution.

There is clearly dilution going on but doesn't mean that after dilution is done that VFIN will not be used as a tool to keep the downward pressure as long as those see fit.

reverse split does not have to be filed with SEC just with the state they are registered, it is only optional to file with SEC

Bashers out in full force, dilution was known since run to .45 last spring. So why was no one screaming scam then as we knew it was coming.

I find it very amusing, these os due to converts plain and simple and i am more than happy to get shares down here for ther bounce to .01-.05 once conversions stop which will happen before the K is released.

Even at 2B shares the market cap is $4M which is less than 9 months of revenues

True, but even selling 1B shares at .0002 is only $200k, for the players involved splitting up $200k after paying for audits and filing fees would be peanuts

Cannot call company a scam as they are selling products, have revenues and audited financials. In addition to having employees, retail locations and a decent office space with shipping capabilities. So in no way shape or form is this a scam!

Will it succeed, well that is a different question. But you just sound dumb calling it a scam

ETRF rarely "plays games" they are typically Etrade retail holders who don't know how to properly trade

Thank you, just try to give logical thoughts on what is transpiring. I aim to be objective and not a pumper or basher as i feel in order to win at this game the little guys must work together to beat the MM's at their game.

Its unfortunate that these forums are often used for misinformation at a single person's gain, we all can win but need to work together. The few big winners i have had are usually done because the float is locked up and held and not flipped for 1 tick gains

Looks like there might be some dilution with VFIN, hard to say whether it is company selling shares or if prior debt holders are being taken care of

From my experience with reverse mergers, most do not get this far and file an 8k before R/S and wiping out common share holders.

the fact that they are filing the 8k and subsequent 10k and have yet to announce a R/S is only good news.

this is ideal lotto play with a risk/reward ratio that cannot be any better. Downside is no bid, upside is unlimited.

While it does happen, it is not typical of a OTC stinky pinky, If a reverse split was done to uplist that would not be detrimental to current shareholders

Yes but after you R/S you issue more shares

IT is a required filing to officially complete the merger with the SEC

Anyone who thought initial 8k was going to contain anything material about new entity was pumping on the rumor to sell the news.

In fact will most likely see additional filings before we see any PR's, need to get current on filings before you begin your new business plan.

All of the RM's that i have seen work out for shareholders have played out this way.

1) Initial run on R/M news into confirmation
2) Retrace on lack of news from company
3) 8k filings followed by additional audited financials to get company current , people start to take notice
4) Company unveils their plan and current business structure via PR and the run commences

Capitulation that is needed before a true rebound can happen.

Wonder what the bottom will be now, perhaps .002

Pro forma purchase accounting adjustments accounting for the merger transaction as is seen in all mergers and acquisitions

Booking goodwill is typical as it is the remainder of the calculated purchase price less assets purchase less liabilities assumed at present fair value

just because a contract is signed does not mean revenue is recognized, hell it does not even mean it is deferred. Many things dictate when revenue can be recognized according to US GAAP, we really need to seethe Q4 fiancials to get a fuller picture

But all financials are clearly as of 9/30/14

I think many others do but this is a perfect situation to spread misinformation. An 8k with the SEC containing audited financials is not cheap and this clearly shows that Sooum has clean books with a great management team.

And i reiterate this is thtough 9/30/14 prior to the merger being completed, I am beginning to wonder if VFIN is cleaning out old debtholders which is why the company has been quiet.

1) Get 8k/audit done
2) Clear out prior debt
3) Start the PR machine for the new Sooum

Many sketchy reverse mergers do not get this far, the fact that an 8k was filed with the SEC is a great sign and only the first step. I would expect PR's to soon follow

Can you express why? What did you expect to find is this filing dated 9/30/14?

this does not reflect any Q4 activity or what the company has been doing since the merger

Audit as of 9/30.14, more info to come as all contract activity appeared to happen in Q4 after the merger was compelte

Actually looks pretty good to me, look at how clean the Sooum books are, they just need to clean up Swordfish and they are good to do. No debt, small loss won't take much rev's to be profitable.

And also, the key to notice is that the pro forma's are as of 9/30/14 and do not contain any of the deals made after the merger was complete

Agreed as it will take out much of the cheap knock off competitors

So all of these guys bought a shell, created website, are spending 10's of thousands if not 100's of thousands in audit fees to complete an 8k for 3 years audited financials to go no bid?

That would be a major loss for Will Westbrook and Co, much more that i will loose

this can be good for VPOR as all signed point to them already being in compliance with all of the proposed regulations

Still good to see massive support at .0025, currently 14M. Converts still playing nice and someone is loading heavily.

this will run the same as MINE and hit a penny within a week or 2 once the tide has turned

Great churning going on, this is better than another 15-25% day. Give it a couple days to build support, cool off the RSI.

The best thing that can happen is to maintain the .01 level and not retrace as it will build confidence and start the uplisting process

There are many unknowns about the new company and what they are trying to accomplish, the otc works on "prove it" mode where no one cares what has transpired to date. This was a trips stock and there has been no concrete info made public to show anything different.

Now, will Sooum rise from the ashes as a new company worth 2x-100x more that the old SWRF, thats why we are all here.

The questions you ask could be asked on any reverse merger that had a significant run, they were all bottom feeders until the mergers were finalized.

i would not be surprised to see sell off on the 8k as it will only contain info on prior years and may not contain much about the new contracts and 2015 revenue projections

I feel we may see .0001 after the 8k, but the real do or die will be the PR's they release once the 8k is complete.

Looking good, 1M on the bid at .0101 ask pretty clean till CDEL at 105 with 686k

duh, because they just received there shares from the agreement that was filed last year. This is just showing Magna wants shares now and does not think the price is going lower becuase if they did they would wait

Not yet, I will win the prize once we are at .05. But i think this is a good sign. Magna is loading for the run they know is coming, they would have probably converted more but i believe they are limited in the amount they can convert at once.

So they should respond to you? Why? What is a 100 other shareholders are asking questions, should they answer all of them too?

How many big time companies sit around sending out emails daily to shareholders, it doesn't happen.

One must think that Magna thinks the bottom is in which is why they chose to receive the shares now instead of waiting for the trips. they must like th 5 day look back price as it stands now

1.2B O/S can easily support .02-.05 share based on current info. Market cap is lower than 9 months of revenue.

Company will release news once it will move the stock, we have Q4 and more on the horizon but no use wasting in when converts holding down.