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That would be a huge reduction
I wonder if maybe there’s a lot more than just that 300M that might be surrendered/cancelled. That would be great for shareholders if a few billion got cancelled.
Whoah thats crazy
It's drifted down on light volume so far from what I've seen but I don't watch it every day. Still can't trade this with some major brokers in US due to unsolicited quotes, and I've seen others say it can't be traded in Canada. Still some cleaning up to do here but if they really start putting it all the rest of the pieces together then I'll be adding a bunch. OTC needs good a trips to pennies mover, maybe we'll be lucky. GL
Agreed, I'm not saying it can't move big without it - just saying it could be a giant if all those factors align.
The leaves are too green though… lol
All I know is that IF this a big merger AND they reduce the OS THEN thus runs like crazy.
It’s all very interesting. But what’s their plan for the ticker… I’d like to know. If the plan is good and official confirmation comes that the whole company is merging in here then i will definitely buy more quickly. I’m sure I’m not alone with that thinking. Just needs confirmation. OS reduction wouldn’t hurt either. Gltu
Big questions: price tag for standard model, speed of production from start to finish, gross margin %, can they scale quickly, etc.
The company and the stock aren't the same thing. Trash talk as much as you want. I believe Melvin will grow his company the way he has articulated, so I'll be adding shares lower if it happens. Has anything changed other than the share price going downward?
If it's legitimately a big merger there's a lot of legal and filings work going on behind the scenes. Big if still though.
Because it's not winter yet? It's hard to tell if those leaves or you throw more shade.
Hope you enjoy.
Company update and a share reduction would be wild here
Very nice
Dormant for 6 months lololol
Updates would be nice to allow investors to understand the plan. Better to get it right than to rush it if this is actually going to be a big merger there's a lot of legal and accounting that probably is going into it.
Securities laws are probably way different depending on the country. I know nothing about it. I have seen long lists of restricted individual shareholders folded into an OTC security before so I know it’s possible, or at least it was. This was a while ago.
Whoever bought a ton of shares today my hat is off to you. Gdvm is still the best long term best outlook for any OTC I know of. Crazy discounts going on.
I'm so curious how that is gonna work. It has to be for investors in some of the countries where they operate mostly like Vietnam and India? Never seen anything like this.
Who’s still yapping about installation, after already being handheld to the obvious fact that production precedes installation?
ADUs are often built by local contractors, but some companies are trying to use factories and modular construction techniques to lower costs and make ADU construction more standardized. San Francisco-based company Villa offers factory-built backyard ADUs in California with base prices from $95,000 to $180,000.
“The California market’s been just fantastic for us,” said Sean Roberts, Villa’s chief executive. “We see a good chunk of customers who do this just with cash on hand.”
https://www.wsj.com/economy/housing/tiny-homes-are-the-hot-new-homeowners-accessory-71cc05a9
Y’all can dunk on me to your heart’s content. Hope you enjoy. Doesn’t bother me.
Lmao! Yes, every spring all the shipping containers on the ground across the state of WI are submerged and sunken. There’s just nothing that can be done to avoid the entire state becoming a giant mud pit. This is hilarious.
I'm much more interested in seeing some units built and finished vs. installation at this point. I think the concern about weather is laughable given that production would so obviously be completed indoors in a shop. But that's just me.
The costs involved just in compliance, not to mention operations, are so high that 400k really is not a lot of money. I’m just waiting to see how it plays out. It will be interwsting to see who, if anyone, takes the offer. I might be wrong and might lose my investment, but that’s why i don’t put anything in that I can’t afford to lose.
If they never produce any sales of container conversions then I will agree.
The only thing matters is Veemost and Melvin the CEO. So far he’s doing great I think. He cleaned up the OS dramatically, merged his company into GDVM, and hasn’t diluted a single share. The rest of the story will play out over years.
It’s still the same amount of shares. AS has not changed so the fully diluted mkt cap at .0002 would be $600K regardless. It’s common for OTCs to raise money in the trips but it’s usually done with toxic convertible debt. This situation is different. OTC is always risky.
It’s possible. Anything is possible. But while the offering was for .0005 for months the stock never sold all the way down to .0005. The offering started at .002 then they amended it to .0005 and issued a few at that price in Aug, and now it looks like they amended it to .0002. The optics are not great, it definitely increases the risk. But what matters most is when and how any new shares actually come into the open market. For example, someone could take down the offering and then hold for a long time without selling. OTC is always risky.
Reduced the 1-a from .0005 to .0002 presumably it means they were unable to find investors at .0005 which means new they can only raise $400K by maxing the offering out. What really matters though is how quickly any new shares will be sold on the open market. If all those shares get sold into the market the stock without significant revenues and profits coming in then Gmzp would collapse to .0001
It’s interesting how many of the craziest runs in OTC all start from trips and can have billions of OS. There’s not many of them but sometimes it happens. Hopefully these guys give some updates soon for shareholders to understand wtf is going on here. Gltu
That’s not a great sign… but… we know they’re not production ready yet so maybe you’ll get a response when they are up and running. I’d buy one from them myself, if the stock does really well. We’ll see.
The breadcrumbs are interesting, hopefully there’s a lot of confirmation coming soon.
Orders = revenue. Do you think a company would manufacture orders without requiring at least partial funds up front i.e. deposits? And then deliver the finished units without requiring payment? Very odd comment.
Taco stand would have been better.
Wow. If all these loose ends are confirmed to be coming by the new mgmt to FBEC this could get a lot of attention. Still can’t buy this stock with some brokers.
High interest rates and terrible housing affordability would seem to increase demand for prefab and container/conversions. But there is also a luxury/high end market. It will be interesting to see if these guys can pull this off and get to profitability on a reasonable SS. They have an opportunity here. Can they execute??
The prospect for profitable production at volume is like the gas pedal while the potential and the pace of any future dilution is the brake. Hopefully it’s lots of gas and not much brakes. With this SS and significant order book big gains still possible I think. Like you said time will tell.
Nice. Looks like they’re getting closer.