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I expect the market makers to show the bids not hide them as is required by law
Pika appreciate the advise but i'm riding free at this point with my core position and making smaller trades for quick profit. But i still think this has big potential which is why i will hold my core position for a while. The sector/OTC market over the past month has been brutal with a lot of sell offs across the board.
As, time goes on and their plan keeps moving investers will see the value just as the company who loaned them 1M with contingency to get to .18. I think they have a much better idea than us as to what is going on and are willing to put our much much more as well.
Lol, nothing out of ordinary but at least 2M shares have hit the 10k bid at .0022 with out it moving. Like the 1M trade that just went though, so they are still def hiding bids
If the Q1 financials won't nothing will unless they announce a new acquisition or something. I'm hoping for some guidance for the rest of the year in the Q or a PR
I've notice that as well, this is not the only stock to see 10% gains and them go red, seems to be the trend lately. Quick spike, profit takers step and and drive it down
If Heritage was the TA wouldn't Flex-Power have told them to shut up at this point after the volume of calls and blowup of what has transpired. But it still seems that the TA is overly willing to share any and all info about Flex-Power. Coupled with the fact they were giving out wrong info cause they couldn't even do math. Wouldn't think any new management would let this go if true
And couple that with the fake PR we have seen it makes me wonder if this shady TA has been manipulating the price for their own gain
Look up Heritage's other tickers
http://www.otcmarkets.com/research/service-provider/Heritage-U.S.-Transfer-Corp.?id=2226&b=n&filterOn=6
They have similar address and phone number of Fastcorp
http://www.nearyou.ca/Toronto-4163649509-Fastcorp-Management-Ltd
Not saying that the TA fraud as we have no concrete proof, just circumstantial evidence. However, it does really start to make you question their claims.
Yes, it will show what 2014 is looking like, will show Q over Q growth, updated share numbers and they could even provide some guidance for the rest of the year.
And there is a reason they picked .18, they did not just throw a dart at the board, they picked a number they knew they would be past by August.
Please do and talk to these people face to face. Best way to get to the bottom of it is seeing with your own eyes.
We do not know that to be fact, more digging needs to be done to figure out who/what Heritage is and what motives they have.
My point was that the people who came here saying there was going to be a split were not bashing, they were conveying info they got from calling the TA number from OTCmarkets.
I do this all the time and one must put faith in something so usually calling the TA is the best bet, most times they are gagged and have never talked to one before that divulged as much as they did.
As i have stated a couple time, I was the one that questioned their math and had them say that the new O/S would be 470k not 47M, when i heard that i was skeptical as it seemed like they really didn't know.
I betting that Flex-Power wishes they bought a different shell at this point. Its hard to verify, but Monarc was involved with many fraudulent individuals, so could they be behind this, possibly
Please you are worse than a basher at this point, use concrete evidence to support your position. No need for name calling as it is not productive.
At this point we know that Heritage is claiming a 10k:1 split, no one is making that up. What needs to be done now is figuring out if Heritage is legit and knows what they are talking about. All Beamin said was that the TA was saying there was a split.
The person who should be the target is the one spreading around false PR's and i do not believe beamin had anything to do with it
Hard to find too much on either, outside of OTCmarkets.com Heritage does not really have a presence online.
I have seen the same number listed for Heritage and Fastcorp but have also seen another number listed for Fastcorp so it is possible that they changed the number and Heritage got it since they are in the same building.
Someone can try calling 416-364-9509 and ask for Ron Haller the owner of Fastcorp
All, just know that some are not bashing they are just reporting what they hear from the TA reported on OTCmarkets, this is a typical DD step that many perform all the time.
However, there does appear to be some shadiness with Heritage, as others have said they are the TA for the dearth of the OTC, all companies they represent are toxic, which MONA was before they went defunct. Now it is possible that they are talking out their ass and they have no idea and/or are profiting from it
Fastcorp Management appear to be in the same building with same phone number just difference suits as Heritage. I also spoke with Rasheen and he would not confirm nor deny anything related to Heritage
http://www.nearyou.ca/Toronto-4163649509-Fastcorp-Management-Ltd
http://www.accountants.bz/company-fastcorp-management-ltd-in-toronto-14084
I want to believe you but he would not talk to me about the TA or anything specific, he did sound tired and worn out and said multiple times that this was a learning process and that they were in it for the long hail. But said to refer all questions of that nature to ir@flexpower.
I spoke with Rasheen and he would not divulge whether Heritage was or was not the TA. All he said was that this is a process and they are in it for the long haul. They want to raise capital to expand. Thats all he would said, I asked specifically about Heritage and he said I cannot comment.
He did mention they are setting up and internal relations due to all the emails and calls so that all the questions about these things should be directed there.
OTCmarkets is just using the O/S listed on their site, doesn't mean that it is accurate as it has not been updated since 2009
Which is why i think if that is the case they will issue shares to make the float a reasonable number, the TA would not know that as it probably has not been determined yet.
Like i said the only reason they would do a 10k:1 is to eliminate MONA shareholders and start fresh, or they could do a reverse and then a forward split but a lot of unknowns.
We need to have confirmation from the company on who their TA is.
I don;t think their were bashers, beamin1 does not bash if anything he can be accused of pumping. But Heritage the TA listing for MONA on OTC markets is saying that they are changing the name to Flex Power and that their will be a 10k:1 split
Now i agree it is odd, as i was the one that corrected their math and said that 4.7B/10,000 is not 47M which is what she was saying. She then agreed with me and said the O/S will be 470k
The only want i see them doing this is to get rid of MONA shareholders and then reissue shares under the new entity Flex-Power.
But you cannot call it bashing if the info is independently verified
No, if those PR's were released we would not be down 11% we would be up 100%, but they were obvious fakes. Just rehashing info from Ihub
The "PR's" were with out a doubt fake, just look at the disclosure info on the 2nd page. Cut and pasted from the 4/21 release
As far as the split news that still remains to be seen. Heritage is saying the MONA name is now Flex-Power and 10k:1 split. So until we here from Flex-Power that they are using a different TA thats what we have.
Is it possible the 10k:1 split is happening to get rid of MONA shareholders? Not sure what to think at this point as the TA is saying 10k:1, now its just a question of a) are they the right TA 2) Do they know what they are talking about.
Not sure what to think at this point
look just trying to share what information i was given first hand. I admit she did not seem to know what she was talking about but she was pretty confident about the 10k:1
I am not sure what the O/S will be, just that the math on the current O/S of 4.7b would be 470k and she said that i was right. So yes i don't think she is to be fully trusted but it is what i was told
What are your thought on what the O/S will be, I mean she told me 470k which i find hard to believe. Not even enough shares to really trade. Even $30/share companies trade could hundred k in a day
All i can say is call Heritage yourself if you feel that I am not fully truthful and let me know what they say
416-364-9509
Who says the A/S and O/S need to be converted using the same factor
Only sharing people, I am a long with 4M shares, purchased more this morning. just letting you know what i was told
I am guessing that they do not know the new O/S and they are just calculating based off of the 10,000:1 conversion they were given.
they messed up the math and were telling people 47M
I am telling the truth, I saw beamin's post who i respect and called myself.
they answer the phone as "Heritage can i help you"
As soon as i said yes I am inquirng about ticker symbol MONa, she said yes they are currently going through a split with new name Flex-Power, paper work is with FINRA and waiting approval. I then asked the conversion rate and she said 10,000:1, i then asked what new O/S would be and she said 47M. I questioned her about it since the math does not work and she agreed, she then said it would be 470k.
Not saying this is right or not, just what i was told
Only sharing what i was told, she fist said a 10,000:1 share split with current O/S being 4.7B and new O/S 47M, I then said but that is a factor of 100 not 10,000. She said "you are right, I will have to fix that", she then said the O/S would be 470k after the split
My thoughts exactly and made me question whether or not she fully knew what she was talking about.
O/S per TA is 470k with the 10,000:1 split
Just spoke to TA and she confirmed 10,000:1 however, when i questioned her about the math from 4.7B to 47M she said she made a mistake and will need to correct
She is saying the O/S now will be 470k which i find hard to believe, I mean are we really going to be trading at $35/share with an O/S less than 500k
It all sounds fairly shareholder friendly to me.
Points- they expect the share price to be >.18 in the near future otherwise they would not have put a default provision at this price.
Hanover has restrictions on how many shares they can sell in one day. All in all they seem to be looking out for shareholders as much as possible while obtaining immediate financing to deal with the astronomic growth they are experiencing, a good problem to have.
Beamin where did you get that from, my understanding it would be 100:1 current O/S 4.7B new O/S 47M
Exactly, they thing they price will be higher than .15 in August or what would the incentive be for Hanover. They want to receive shares that are less than the current price otherwise they will not even convert in August. My guess is Dror has a good idea where the share price is going based on current business growth.
What are you talking about, don't know much about the company but the A/S is only 100M and O/S 62M as of 4/30. If that's the case where is all the dilution happening? At max they can only issue another 38M shares without increasing the A/S which would need to be disclosed via 8k since they are fully reporting.
Either way whether its 100 or 30 i think this is a great opportunity. I think the beset aspect of it is that they are splitting the shares prior the RM announcement. I feel this is best for per split shareholders as everything will be complete by the time the investing public at large has any idea who or what Flex-Power is
The docs only state the A/S split not the O/S so all i am saying is that the O/S is being reduced by a factor or 100, whether shares were retired or not i do not know, but i do know that 4.7B/47M=100
It may be, but that was stated for the A/S not O/S so i was just taking what the O/S was last week and was it is today per the TA and they would need a 100:1, now that doesn't take into account any retirements or other methods of reducing the shares that they may have done
it would be .12 though i think it might be .40 as the split might be 100:1 (4.7B O/S to 47M O/S)