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Welp, I know how to draft Warrant Agreements and Read them, but only dear spouse knows how to account for them and tax them, it is above my pay grade, and you are right, they are a pain. Derivs. are very hard for even the best CPAs. Even spouse has to contact colleagues for advise from time to time on derivs. And spouse has been a CPA since 1989. Ratchets have different tax issues. And it effects both the issuer and the holder. There are people that don't even want them, like you said, just for the double tax liability. If they are issued in the money, you pay income tax in that year, and if they automatically convert the next year, then you get capital gains in that year.
I agree with you 100%
Yep, they are hard to find.
Does she have one black turtleneck of an entire closet full?
It is all a revenue generation scheme. It employs OTCM staff, PR service staff, for those that are registered, registration fees...which pays SEC staff, which pays auditors, which pays counsel, which pays admin. assit. which pays coffee companies...I can go on and on. It is an industry, unfortunately.
These people are not intelligent. How a Blue Sheet works is FINRA contacts all the clearing firms that had trading activity in a certain stock.
When I got a request for trading activity, it took me 10 seconds to pull a report.
What comes up is names, SS/TID numbers, phone numbers account numbers, addresses, and every other stock they own.
Now the fun part is, the FRB has a repository of every SS/TID, so if one person is 90% of the volume, FINRA reports the information to the FRB and the FRB comes back with all the accounts under the same SS/TID.
I know this because I've done it 100s of times. People don't realize Big Brother knows everything.
Welp, if they report in both countries, they have to report in IFRS and US GAAP, but they consolidate as a wholly owned sub where the company trades and reports It is tricky, had to wait for dear spouse to come home to confirm what I already knew.
If the parent trades on the TSX and the sub trades on NASDAQ, the US Sub is audited under US GAAP and consolidated, and it works the same way around.
Dear Spouse says it is a daunting task, she worked for Stat Oil and they had currency translations from all over the world, and made her pull her hair out and quit eventually. I would not wanna be... at a $60 some odd billion co. Not for me.
Welp, they are still subject to trading restrictions
We never heard back from Leroy, right?
Terminal 5 at JFK was TWA and it now is JetBlue. If I am not mistaken, that was the same Terminal 5 that was left empty by TWA before Jet Blue and pretended to be Pan Am in Catch Me if You Can movie.
JetBlue did a good job renovating, but I miss the old Terminal 5.
They are past mine too. I know just enough to get by. I gotta ask spouse I am not a deriv. specialist. just enough to get by.
Welp, yes and no. If it were me I would amended articles and list of officers end directors as well as amended articles.. But the SOS does not give a hoot. As far as the SEC, an 8-K could be nice on an address change so they can suspend you, if they cannot find you, they will just revoke eyou,
Yep, back in the 80's when I was very young, I had a jet cleaning company and made $1,500 a day per client. Vernon Savings, some regional Savings & Loam from Texas was a recurring client. They had a Falcon 50, back then it was a fine jet. Prolly some $50,000,000. They left caviar and booze in the Galley, and at 15, I had dinner and made $1,500 for the day.
Again, now you know where your bank fees go to.
Butt don't feel guilty, the leading edge of the wings where hard to maintain, they have the anti-ice technology, and if they don't work, you crash and die.
Also, the vertical and horizontal stabilizer are at some 60 feet high, and are not easy to clean.
So I enjoyed $1,500 a day.
I guess I was lucky to start my career, but can these people not just fly first class on United or American?
Yep, you and I can put bids in and illegally make a market, and pray that we get executed out in months at the ask with those spreads. And hope we get lucky.
They trade like 100 shares a month, Dear Cousin is the Prez of a Regional Bank (not a branch manager, but the Prez of the corp.), And he makes 7 figures salary including bonus, lives in a mansion behind the gates, uses the company jet and has an ego like no tomorrow. We don't quite get along. And his spouse, my cousin don't like me or my spouse either. Thanksgiving is often full of tension.
Therefore, I would not buy a regional bank either.
BTW, they sponsor Jordan Speith the golfer and sponsor the Golf Tournament PGA at Colonial in Ft. Worth, TX. And the bank has a membership at Colonial. Nothing like having a booth at the 18th hole for four days.
Now you know where your bank fees go to.
Do you think I get invited?
Some companies dual list on their National Exchange and here in the US
not as ADRs, but I know where your coming from.
The 8K comes after, Item 502 is due four days after
Yep, you are right.Trustee and I have dear daughters trust are loaded with Fortune 1000 dividend paying companies. I hope they don't need the $s in the next 10 years, but they will be fine.
Older daughter is a fly by night, younger pays her CC in full every month, and I don't pay it and the trust doesn't either. She walks penguins and feeds otters as an intern and gets paid for it, so she is a good gal.
Welp, Dear Spouse I don't think has had a Canadian client, but there is a slight different between US GAAP and Canadian GAAP. Butt I think they use IFRS now, and dear spouse is proficient in IFRS with two clients, and files Annual reports on two different non US continents National Exchanges. And I agree with you when spouse opens a bottle of wine at 7pm and starts rattling off accounting, many times I tune spouse out. Most of the time, I know the basics of what spouse is talking about, but not all the time. I got my own stuff to deal with, then then to listen to BoD meetings, as spouse is working from home right now, but what CEOs COOs auditors and Tax attorneys, I really don't need a highlight.
After one hour from the market close recap, I like Family Feud for comic relief.
You have to read the Warrant Agreement.
I hate to say this, butt oil and gas and pot in missile silos do not go together.
Butt a cheaper route to go is not to buy missile silos you can buy four 40 foot containers that are no longer sea worthy certified for less than $8,000 and buy some acres for less than $100,000 and have a grow field inside the containers. Just run water and electicity,
And you can buy the mineral rights and drill.
These people make up soooo much BS.
Tenkay is accurate.
Yep, my kids have QQQs too. They are in their early 20s and don't need the money any time soon, hopefully.
Yes, units are designed with a derivative with a forced conversion under a certain time frame. Companies sell units with an equity and a detachable deriv.
It is a second capital round at a future date at a higher px. Question is, stock manipulation or performance.
That is an 87% kill ratio
Welp, not too odd. I traded Jimmy Stewart's account, and since it was worth $25 million, I always checked to ensure the broker had the correct account number, didn't wanna screw up that trade.
So I typed in on a function key "Stewart" and I would get 1,000 hits. After executing the trades and a pot of coffee, I got curious. I knew how to pin point the $25 million account, but I was curious about the $2,000 account. And at Merrill, nobody has biz with a $2,000 account and reported them to compliance. After that, outta my hands.
Welp, they and FINRA both have keyword searches attached to their respective databases. NASDAQ, NYSE and AMEX as well. I have effectuated numerous IPOs, Secondaries and M&As, and have had inquires on names.
When I was trading, every once in awhile I had some random person show up. And I never dealt with retail, as well as my office was upstairs on the mezzanine over looking the trading pit. And my COO always asked who are this people.
How they got through security and upstairs I have no clue, I did not have time for these idjets, and they were really stupid people. So I don't know where they make these people.
With a serious working capital deficit, and when you take out goodwill, a shareholder deficit, how are they paying for this?
No wonder the SEC suspended them.
Welp, first off, why are this moron using the term "SPA"? SPA are not to solicit investments. Idjet needs to provide a Prospectus, Suitability Agreement, and Subscription Agreement.
This clown show needs an attorney who has been through this rodeo before.
Secondly, there is no guarantee that the shares will be registered, they have to be listed as Selling Shareholders, which is public information.
Tertiary, ten cents a share will not get them listed anywhere near a National Exchange, and in an S-1, they could only register 10% of everyone's shares and include a lock up agreement on the other 90%
Cybill had 30
First off, my college students have 100 times more than your assets. and have no debt. They just pay taxes.
Secondly, you have a T/A to pay as well as insurance the the SOS every year, Yob have current liabilities. So stop with the lies and stupidity,
Welp, clown show can go to the ER and rip off taxpayers. As you know ,been 61 nights in hosp. over the last 6 ish years, been on lot of pain meds. My docs don't script me Vicodin or Noroc (same thing) and I don't ask don't wanna be an addict.
I don't think this freak show is on Fent. he is just crazy,.No doc is taking him in the office and applying Fent.or scripting Norcos
The average SSA check is less than $2,000 / Mo. I don't know how anyone can live off that.
LOL, that is about Eienstein's IQ. Hey I can post my IQ is 188, doesn't make true. Although it is quite high. It does not mean anything, just I can process information.
There is quite a difference between a stincky pink shell peddler and Albert.
I have accompanied Dear Spouse to drilling well sites to Operators offices from Louisiana to Texas to OK to California to Kansas. This press release is not how they operate, including the insertion of a Ballistic Missile Silo to grow pot.
They are throwing wrong key words to pretend to appear....
...they should at least do their homework before making a fool of themselves. However, surface rights and mineral rights are different. And lease agreements are often separate. You can own the mineral rights by contract and I can buy the surface and put up a wind farm and grow corn around the turbines while you are drilling for O&G.
And on top of that, you can buy 0-5000 feet and your buddy can buy 5000 feet to 15,000 feet where ever the pay zone is from.
It is a complicating biz, butt then you need an operator, a rig and a pipe to the main pipe, and a land man an contractor to whom to sell to, I can go on and on, these people have no clue what they are talking about.
As you know, Dear Spouse is a very specified CPA in the O&G Sector and have never heard of something like this.
Mineral leases (well they call it licenses, they should know what the F they are talking about), equipment,inventory, cbd factory, Triton Missile Silos.
Dear Spouse attends NAPE conferences, luncheons at the Petroleum Club and attends by law 40 hours a year for CPE specifically in O&G Sector every year to keep current. And it is not a one on one conference, there are 100s of other O&G CPAs, and they collaborate throughout the week.
Dear Spouse read this PR and cracked up.
accr is nothing but a paper in a file that does nothing. There is nothing to save. I can create #$%^ Corp, file and register an S-1 selling Shareholders Generate Revenue(s) and list on NASDAQ before you, oh wait, I have done that many times over. I was not a stock broker, I was am still is in Capital Markets. Oh wait, I did not steal $250,000, I did $250,000,000 t0 $2.5 Billion capital raises/IPOs.
Just sell the shell
I think Janice is right. IF they can cure the deficiency, NASDAQ will reinstate them without a 211. Also, note the suspension letter.
So, since they are not IPOs, they needed 211s to be requoted?
I wish these people knew what they were/are talking about. I highly doubt they have never NSS once in their life, and I highly doubt that 99.99% of iHub have ever either, and do not know how to do it and what the costs and procedure is.