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CSTI has another 2.8M at .0025, someone wants as much as they can at 25
CSTI bought 12M at .0025, had bid up for all of 2min before the crash by VFIN to take it out
You would have to ask whoever sold, VFIN can be anyone including convertible debt.
there was conversation last night about David Price being removed, it is possible that if this is true he sold out.
Just weird to see the volume spike out of no where with VFIN, MM's saw that bid and pounced
17M in dumpage out of no where with VFIN, perhaps Price dumping all his shares is posters here are to be belived
Interesting development seeing VFIN show up and crash the price to the 12M bid.
Can't be dilution to my knowledge but some serious bid dumping happening. Perhaps this is the dump before the storm
CSTI showing a 12M bid at .0025, keep raising those bids and things could get very interesting
We don't know, we know that Victor owns 53.5%, for all we know Matt will own 25% and be given preferred shares or be bought out.
there are so many ways to structure deals, from using equity to creating earnouts to be paid based on performance.
We don't know what the company is worth, the market will determine that once all information is released.
Paying a couple hundred thousand to create a multi million dollar company is not rare, it happens all the time. It is like saying, how did you buy Apple stock for $20, it is now a $100 company. Easy i was there at the start.
Takes money to make money and going public costs a lot of money and takes a lot of ongoing effort that will keep the costs increased after the company is officially public. But being public gives greater access to capital and growth. I think some here who seem to keep a loose grasp of their brokerage account need some brushing up on financial markets, reverse mergers and taking companies public as this is all very typical stuff that happens all the time.
Yes he would own 53.5% of the O/S, not sure how this is hard to understand. The reason one buys a OTC shell is that it is much much cheaper and faster to go public than an IPO
IPO could cost millions and take years
Shell purchase OTC, maybe a year and couple hundred thousand
Victor is taking a gamble that the merger will be approved and that the surviving companies PPS will be higher. He is willing to bet money that it will be.
Based on the facts currently known I am willing to buy a ticket too, because if it is approved this will move very very fast
It depends on how you define it, he paid 45k for the shell and an unknown amount for shares to get 53.5% of the float.
Auditing, legal, admin, permits, filings fees and so forth can cost 100's of thousands of dollars. So how much is the total cost to go public, much more that the cost of the shell.
then you add in opportunity cost for all of the time spent, i'd say you looking at $250k minimum, more likely more as auditing 3 years of multiple companies is not cheap
It means that just to purchase rights to the shell it cost Victor $45k, which is why he is now listed as officer per NV SoS.
He also made filings with the NV SoS changing the percentage of ownership showing he owns 53.5% of the O/S. If his percentage changed from the initial shell purchase it means shares were purchased in different transactions.
this would mean he paid in excess of $45k for the shell and the shares he now owns. What the final number is depends on number of shares purchased times the prices but would not be surprised if he spent 10-15k on the shares totaling $60k or so he has spent.
Plus, lawyer fees, auditor fees, FINRA filing fees, State filing fees and a host of other contractors and legal requirements tells me that they are $100's of thousands deep in this merger.
So they have much more to loose than I just as they have much more to gain. But they have not sold a single share and are not creating a share selling scam. they have put their own money up to attempt to complete a reverse merger.
If it falls through they are hurt the most.
As long as Victor is still tied to the shell its still game on.
Victor has quite a bit more money than me in this game. Paid $45k for the shell plus whatever shares he bought on the open market as he owns over 50% of the O/S
I would say that he has at least $60k in the game based off of these 2 items alone, so he has more to lose than anyone on this board and has not made a single cent off of selling shares which is the typical game.
this means that he has another end game in mind then a share selling reverse merger scam, whether it happens or not still remains to be seen but be certain that Victor is working towards something and until the shell is put up for sale again we are all patiently waiting for the game to start
Hope for recovery by EOD after news sell off, you can blame all the pumptards for sell off.
When you start spouting lumber liquidators and the news is fluff, this is what happens
No active dilution, no dilutive MM's on the ask
when volume comes that will vanish before you can blink, that is being used as you say a roadblock and attempting to curb buying on the ask which is why is has only being showing up when the bid stacks or ask is attacked
Today was once again shows than any amount of buying on the ask makes this move substantially. All we need is any sort of volume on the ask and this moves 100's of percent in minutes
how long has it been since the bid was hit, got damn thats some ask action on the 14's
Why does it happen with every penny runner from dubs or trips.
they lay dormant for months or years and all of the sudden they run 10x-100x for various reasons.
Why were all of these stocks trading at trips prior to their runs? It is the way the stock market works, supply/demand
Right now based on the current info available there is not much buy volume, you have those who "in the know" with the current DD that are taking bits here and there loading up for the run.
The whole buy the rumor sell the news. Once news is releases it will run as the volume pours in just like every other OTC ticker
there has been no Reverse split filed with the NV SoS as of 4:21 EST on 12/10. The last filing is still from 10/22 that has nothing to do with a split
If anyone from the company has told anyone that one was filed prior to its release it is illegal and grounds for punishment by the SEC for insider trading. Also if someone states that they talked to a company insider and they lie about what is said that is also illegal and grounds for share price manipulation.
Actually the company itself is in charge of OTC markets and can be updated by them at will, FINRA does not update otcmarkets
Already have some loaded, not willing to gamble anymore on this at the time. But this will be flipped and will slow and massive run, the questions is just when.
Same thing you say last time, quick spike to .0012 range and dumpage for all those who bought in trips. We are seeing it again
And if David gave out that info before it is filed that he is releasing non public info and will be in some trouble with regulators
All amendments have been purchased from NV SoS and non of them are for a reverse split, they are all relating to the ownership percentage of Victor. As state earlie a reverse split would have a section in the note detailing what the split was and what the new share structure is.
THERE IS NO REVERSE SPLIT FILED WITH THE SoS
Question is 1) Is dilution over? 2) when will retail flippers be happy and dump all the 6's killing any rally
They would file an amendment with the SoS and the notes for the action would contain something like the following, so yes if filed with the SoS they would detail the SS.
Previous Stock Value: Par Value Shares: 110
000
000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 110
000.00 New Stock Value: Par Value Shares: 950
000
000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 950
000.00
As of right now the share structure remains in tact from GLGT shell with A/S of 950M and Victor owning over 53% of the O/S
Any reverse split would be filed with the NV SoS and you would not need to purchase the document as it would clearly state on the website what the change in share structure would be
And yes the name change would make the merger official and complete so it would be a huge event for those unsure whether the merger would be finalized.
Once the name change occurs the next step is to file an 8k within 2 months of name change approval including 3 years audited financials of all companies involced
Very interesting action with CDEL's 1M bid taken out, here comes a dip
All dumpage today, be ready for 3's unless you want to wait for 2's
anyone here using CDEL on the bid? If not interesting to see them rear their head with 1M on the bid
Well, someone is dumping relentlessly as is evidenced by the chart.
CDEL is in full control and this will not make a substantial move until they are off the ask.
News today only validates those on the board stating news was coming, so all we can hope is that they are right about next weeks releases and that they contain more tangible evidence that things are moving in the proper direction.
All today's news did was PR a filing with the state of Florida that happened almost 2 months ago
they sure are dumping like crazy now, sure they will have enough in the tank to last until the next round comes due
CDEL has been in complete control
nice to see the company dumping on news
time will tell and would be happy to see that as i do not wish anyone bad luck with their trades. I want all to win but just am skeptical of the past management and their filings as they are not in accordance with GAAP which raises red flags about the whole operation
If they recognized revenue on initial shipment i would feel much better about things here, But add that issue to the silence and death spiral and it leaves a bad stinky pinky taste in your mouth.
hoping for some more news that points to the direction of the company and how they plan on monitizing their 40M in assets
the bid is not stacking, the ask is larger than the bid
you mean you are in to flip? you are not long in any sense of the word and looking at the action here no real reaction to the news.
there needs to be real news released in order to get out of the converting death spiral
I am holding small portion of freebees from last run and will do so, but the revenue recognition issue (fact that they have zero revenue past 2 years even though they say they shipped product) and the continuous dilution leaves a lot to be desired here.
or convertible notes
I am looking for concrete news not ambiguity and innuendo
"These initiatives have and will include enhancing the management team, funding current and future revenue projects, growth through additional acquisitions"
I see key words in this statement "funding" "growth through acquisitions" which all = more dilution
Hopefully next weeks news is actually news and not just a fluff piece on information already known.
Got to love PR's that go on to say, "we hope to increase shareholder value". No shit, isn't that suppose to be the goal of all public companies.