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Even if there is news tomorrow does that result in a green day? Not necessarily as who knows what news really is, could be fluff that causes a sell off
That means little, how much do you believe those people??? Do you know if they are flipping shares?
From my experience those who yell news are often looking to unload shares on a flip as if you were an investor you would not care about daily moves and whether it was tomorrow or in a couple weeks you would not care about news.
Flippers are who monitors the timing of PR's so they can capitalize on the buy up prior and sell off on release
Next year much more believable then tomorrow, someone just wants to sell their shares and keeps pumping news
CDEL is doing something, dilution is the most likely answer.
And it may not be company directly, it is why the company uses convertible debt
I guess that as soon as news hits
http://www.turbineaviation.aero/ will no longer be under construction
The website is most likely done, but began to think that maybe it includes investor relations sections and other items that would tip off the new Turbine Aviation public entity. it is just sitting there waiting for the green light.
Hopefully them updated OTCmarkets is precursor to news next week
Nothing but buys on the ask during last hour, great buying action and volume to finish out the week where there was decent amount of dumping
Couldn't get a slap of the 9's but damn was that a good close
about 50% of the days volume bought on the ask in power hour on a Friday
Dok as you have stated they have just become public and the merger is not complete so they are juggling quite a few tasks at the moment.
Regulatory, legal and auditing guidelines can be quite the surprise to newcomers to the public reporting world and can bog down the best of management teams.
And if this is a young, small, growing company with a small finance team it will require more effort on managements end to ensure that everything is being done on time and meeting the deadlines.
there are no deadlines for PR's or news, there are strict deadlines for filing the super 8k and annual reports
Agreed, and a lot of 8's being slapped today especially past few minutes, 6's holding this week after the bounce was good sign that it will be bottom and hold for news.
There has been nothing presented that points to .01 before .0001 only speculation
the price is at .0004 for christ sakes and this is the OTC, many reverse mergers that look like gold turn into dust
Thanks for a sane, logical standpoint. This is a lotto play as are all reverse mergers on the OTC, if it wasn't it would be trading higher but currently people place a value of .0004 on it based on current info available.
I agree that this is a go for broke play and either we will see a decent multi 100% runner or will be diluted into oblivion like many if not most other OTC plays. And even if it does run hard, doesn;t stop it from falling right back from whence it came
Just clarifying the comment that 4's is bottom, it clearly isn't it 800k in 3's printed
3's have already been hit today
Bid starting to stack, might see late day ask slapping particularly with CDEL leading the charge
I am a comic book buyer, fan and am in tune with the industry from a consumer standpoint as well as former shareholder.
After the presentation i am thinking of jumping back in but am still hesitant based on the ongoing delays.
but one thing Benny has stated in the past that is starting to come to fruition is REDG's position to help the entire comics industry and be a partner with the publishers and not competition.
Listing of independent publishers and Market Share for October
IMAGE COMICS 9.77%
IDW PUBLISHING 5.18%
DARK HORSE COMICS 4.74%
DYNAMITE ENTERTAINMENT 2.60%
BOOM! STUDIOS 2.39%
ARCHIE COMIC PUBLICATIONS 1.19%
AVATAR PRESS INC 1.18%
The can be a win win across the board as it can give these publishers the ability to advertise in REDGs free comics exposing their brands to a much wider audience which will hopefully increase there market share.
Titles from these publishers can also be much more new reader friendly as they do not relate to superheroes with decades of convoluted continuity.
In fact with Dark Horse, IDW and Dynamite you have a lot of licensed properties that are now being published as comics (Buffy, Dr. Who, Transfomers, Ghoastbusters) which could be a gateway into the comic store.
It is something that could certainly alter the comic landscape if all pulled off and be a boon to the independents as it offers an another avenue to compete with conglomerates Disney and Warner Brothers
chart does look great, but to be honest i dont think the chart means squat here. Volume is so low and TA will be meaningless once news is released.
But good to see regardless and continues to show strength
Look at the penny stock pops that transpired from Jan-May and almost all have gone back to whence they came, the fact that this is still maintaining its gains from last spring and is beginning to rise once again shows how strongly this is held
These are 2 different actions,
1 is FINRA approval of merger that involves FINRA research into the shell, merging entity and the merging entities management team. This would result in the name change with brokerages
2 is 8k filing with SEC to be a reporting entity and finalize the merger agreement with pro forma finacials
Often they happen at different times, the company gets FINRA approval, issue a PR then have 2 months to submit super 8k.
It is possible that the company has gotten the approval and will PR with the 8k and lay everything on the table at once.
Just a possiblity
Which would be a valid reason for the length of time, as all companies areo private and will need to be fully audited for three years.
If anyone has been involved in a corporate US GAAP audit of a private company, it can be quite time consuming and cumbersome as private companies are not required to keep the same records and often need to recreate prior years support to satisfy audit requests.
No timetable was ever presented so it is hard to say if it is delayed or if it is going as planned and is just taking a while.
I have a feeling that when the news does come out they will have already prepared the super 8k.
Many companies PR the merger completion and then go silent as they actually finish all of the required merger activities.
I am thinking that Turbine is taking care of everything before going public with the info.
With that, a super 8k requires 3 years of audited financials for all companies involved including the GLGT shell, which can be the most time consuming as it was a dark reporting shell.
Add to that regulatory red tape can result in a long process to get a merger completed.
Not necessarily good comparison, but look how long it takes some of the big board, larger mergers to go through. It can take years
US GAAP states that if collectibility is uncertain you cannot recognize revenue, you can only recognize when cash is received under those circustances
Only other reason to not recognize is if they still need to satisfy their obligation in order to earn the revenue. If that was the case you would see an unearned revenue liability on the balance sheet
Good to know, thanks. Interesting to see them on the bid heavy at .0006
makes me think they are in short mode and not diluting
That is not in accordance with US GAAP
From dilution stand point, there are no boogie men on the ask all retail currently
if 6 can hold and continue to churn this will run, accumulation rising, MFI in right around buy zone, need some ask slapping and get the MACD to start curling up and we will be golden
IT is not revenue if it is not on the revenue line, especially since they do not show and deferred revenue as thats where it would go if it was earned but not recognized
I am not an expert in revenue recognition in the forestry industry but it is a very complex process that the lay person will not grasp as many accountants have issues with it
.0007's gaining some bid support, has shown good support and no dilutive MM's currently in sight mostly retail on the ask
But CDEL might be shorting and hiding as they only show 10k and are on the bid as well as 7
Still short or shorting more, the CDEL game.
Would be interesting to see some slaps on them and how they would react
Could be convertibles and not the company directly dumping shares
You still need to provide 3 years of independent audited financials of the old Swordfish in addition to SoOum
I guess you have never been part in a RM before or you would know this already as it is fairly common knowledge in this arena
Look at RED* - red giant, same thing will happen here. Coverts will bottom it out, who knows where and once they stock it will bounce quickly, particularly will well timed news
I have sold all positions a couple weeks back, but will be buying in again in a couple weeks after wash period is up.
This will move multi hundred's of a percent in weeks once conversions are done
Just might be at .003 before that happens
They do not have to file, there is a grace period once a company becomes "public" and are not expected to be fully reporting before the merger is even finalized.
The super 8k is the grace period, once they present 3 years of audited financials they will be fully reporting. Until then they are not required to do anything
They would have sold on the volume spike last week, anyone that was nervous about it falling through would have been able to make 80% and had volume to sell into
CDEL is typically not retail
Want to see how CDEL plays today, sitting currently at .0032 with 500k.
With them controlling the ask yesterday coudl they be looking to cover, not sure but will be interesting to see if they creep their bid up if it is not sold into
Why is management questionable?
For starters it is a holiday week and today in particular you will see low volume across the board. People are just bid sitting and with the lack of selling are content to wait it out.
the fact that there has not been a massive sell off retreating to the previous levels shows accumulation is still in effect.
I find it much better than the typical PR fluff fest and subsequent dump of shares.
They obviously have a plan to make a legitimate company go public and not a share selling reverse merger scam that is often seen on the OTC. they have been very quiet and going about their business.
To me this is just the nudge that the ending is near
I would say it might have been intentional, don't want to give out too much info ahead of time.
Just give the name and not the entire business description
Agreed, if they were willing to update that info then more disclosure must not be far behind or why would they update the brokerages.
My guess if they got FINRA approval and now are just waiting on it being official. It is not uncommon for companies to get a heads up on when the process will be complete and they the merger has been approved. This is why companies can PR when a name change will occur by as they have been given notice by FINRA.
This notice would not be known by etrade or any other brokerage, it would only be known by the company.
To me this is great news and tells us the company should be stepping forward soon with news.
Because they only receive the name update from FINRA not the company description, that would come from the company itself
Doesn't mean much, just that someone with an etrade account is willing to load at .0025
It is a holiday week, with low volume across the board on a lot of stocks on watch list.
Might be a reason for CDEL short, easy pickings if the volume doesn't pick up after the 80% spike last week.