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Your missing the entire point of this filing. Other than changing the beaners. Fair enough.
You do realize that was dropped, right?
With all this volume theres no reason not to get out before the upcoming reverse split.
There is room there for insinuation
It's possible the entire point of this 8k was missed, read it again.
Good or bad who knows at this point, but at least understand what is being stated.
Well I suppose the findings from the new bean counters should be interesting to say the least.
Little late in the day for any press release from them, so looks like nothing today.
Yes the machine is functioning perfectly here in penny pot land.
If so, then it's of value to me so thank you
It shows they are still actively perusing sales, and continuing the social aspect required to draw business.
This ticker is a great example of how to mismanage an opportunity.
Take a successful private company, merge it with a failed run down shell bruised and battered from abuse, essentially making previous company, and owners liable.
Don't bother to let anyone know anything, because if they would, the now new owners might get a clue as to how bad they were abused, not to mention how terribly they will be abused in the future.
I'm not hell bent on this ticker
I'll wait, if and when it moves, I'll take what I have coming. I'm not the dark negative predetermined failure type.
What scenario?
Thats simple. IF they have prospective news following the financial data this year, and current C holders seize the moment and not choke themselves by dumping everything they have into the bid out of shortsightedness. Instead dropping bits at a time on the way up, not at the top, where most inexperienced 'traders' get that pucker-butt, hence letting the nosebleed flow. Happens every day, both ways.
This time around it's completely a different story however, so much up in the air, anything could happen.
I'm thinking they, as in the BTZO group, have done not only what they feel is best for the progress of the company, aligned with whatever means they might have had available, but intelligently. Where this all goes from here, we'll find out soon enough.
The fallacy of falsehood that if a ticker has billions of shares, it cannot move, is simply not true, in any sense of the idea.
If this were so, there would be no such thing as the OTC, simply because it would be worth zilch for anyone to enter the arena.
We hear this parroted all around, and it's ludicrous mathematically, that the PPS can not move. It does, every day in the OTC, every day.
BTZO has done good looking at my P&L on it
Considering there is literally nothing I can do to make changes internally, I don't concern myself with it.
I pick tickers in penny land that move here and again, generally entities which produce something that is already available on the market. Sometimes I get borked up, other times it works out well, but my patience has served me well.
Once the first annual round trip is on, it should be all profit from there, which occurred a couple years ago with BTZO, it's coming time again to find out if my last influx of the savings and loan of BTZO will render me more coins.
Not all of us feel that way
I've bought and sold twice here, bought again. This thing has been a money maker for me. Overnight? ha! not even close, but it's been one helluva sight higher rate than any bank.
And not all of us will be selling at the first signs of movement. Not even close.
Some of you have been on this board for a while, some of us have been reading this board for just as long, just silently banking when it's time.
You are more than welcome to use it, modify it if you believe it's a bit rough or unprofessional to present to her.
However fruitless at this point requests for data might be, due to possible ramifications of legalities concerning recent merger events, and what is to come in any news surrounding the annuals.
I have not, nor would I make contact with anyone involved at this point, it's not my place, at this point. I can imagine there is quite a busy schedule at this point in several offices, no need to disrupt what must be done, for the sake of my own personal instantaneous gratifications.
Im just flustered because they failed to issue a few million to me while they were passing them out
An awful lot of filings this year thus far wow
Are we optimistic here or what?
Sounds legit lol
The entire OTC could be considered a scam. There should be a mandatory paid course taken before anyone is allowed to 'invest' in a pink sheet company.
That said, lesson learned. Repeat after me " I will never put money into a pink sheet scam, I mean a pink sheet company, unless I have a clue when it will be pumped, for how long, and my rent is already paid."
I suggest anyone that feels they were lied to in a penny stock such as BTZO go use up that retainer at the attorneys office, have them file with the securities and exchange commission. See how far that gets the case.
The word soon is not a lie it's a perception [of time] and an answer.
At the same time we read "no news from BTZO, must be a scam because Marilu tried something and it fell through"; Just because it's regurgitated with the feverish pitch of perpetual, putrid, voluminous mountain of sludge-fall does not render it a fact.
For one thing Marilu has not scammed anyone and it's blatantly obvious that is false.
For another thing we can't always tell the future by looking in the past. But hey, being dark, negative and subjective to the future of BTZO is more fun.
We know nothing of the financials at this point
We know nothing of the merger at this point, how it will effect this company, it's holdings, or for any matter how will this merger effect the clothing line which is obviously still active. However so again, we know nothing of the production lines, are they on one shift , two or is it a single seamstress with a cup of tea on the doily.
In fact any past numbers are useless at this point. Utterly.
What we do know is this ticker, and it's connected companies, have a lot of eye's on them, any such positive news will create a windfall of volume. More than enough to move it upwards of the 3-5 range.
6 is completely feasible here
In fact if we are enlightened to the positive side of this merger, 7+ is easily obtainable. Easily.
440 million shares issued to insiders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 15, 2016
SoOum Corp.
(Name of small business in its charter)
_____________________________________
Minnesota
000-7475
41-0831186
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
590 Madison Avenue
Suite 1800
New York, NY 10022
(Address of principal executive offices)
Registrant's telephone number: (480) 287-6675
______________________________________
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
1
Item 3.02 Unregistered Sale of Equity Securities.
On March 15, 2016 the Registrant issued 440,000,000 shares of its common stock pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The offering was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares, the manner of the offering and the fact that the individuals that received the shares were officers and employees of the Company. In addition, the investors represented that they had the necessary investment intent as required by Section 4(2) and agreed to and received share certificates bearing a legend that stated that the securities were restricted pursuant to Rule 144 of the Securities Act. The shares were issued in exchange for services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SOOUM CORP.
Dated: March 15, 2016
By:
/s/ William Westbrook
William Westbrook
Title:
President
Looks like payroll
Restricted though, aside not being able to sell. Sounds more like a way to keep people involved instead of everyone completely bailing.
One more month
And if they can't seem to explain what the blazes is going on I'll...... well, I suppose there's nothing I can do is there. lol
Thats just it right there though, these guy's that know what they are doing, are not imagining what levels are going to be, they already have a rather clear idea before investing that much time effort, and resources.
And I believe the idea is a balance, not necessarily a super high THC particulate, more than the various other compounds.
Maybe I'm just old school.
Ok guy's considering the subject let me google that for you.
Here's the FIRST thing that came up, there are hundreds of thousands of papers and examples of this.
Pretty much common knowledge
Now I'm not trying to be smug here, just do a little research on outdoor grows.
A good outdoor gardener can yield ~10lb per plant
Thanks for posting this.
It's a sign of life, even if just a heartbeat. Which is all so many of us have requested. A sign, give me a sign lol
Exactly right it will run again and again
As soon as they announce real news again, something they are doing , not what they are going to do. Just as they have in the recent past.
Give this thing time, it will go lower.
Then higher, then lower, that's what tickers do.
As for trying to get it shut down for doing what all tickers do large or small? mkay lol
What is the cost ?
Well I can now learn to trade, now that I know it all depends on when I buy and sell. Thanks so much. Oo