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I think OTC can slap a CE label on it at anytime. CE is a warning of problems with the company, its not linked with required filings so they can do it even if filings are kept up to date. A company can be Pink/Current and CE at the same time.
Too many peeps treating this like a OTC hype machine. Expecting every little news tidbit to send traders into a buying frenzy. Your going to be disappointed.
Grillit now has a store open, 1 pending and more TBA. This is typical of any real startup. Any serious investors watching this are now ignoring the non-sense hype and waiting for real business reports discussing real tangible value.
This will take another year! Until this company puts out 4 quarters and an Annual report showing progress, real investors are going to sit it out.
Flippers still in it will just dump on every store opening.
Yes, I read that wrong. My point though is that SMFX is an asset belonging to a foreign company being dragged into a foreign court. Nothing is likely to happen with it (other than OTC labeling) for months to years after the Singapore court circus plays out.
If this is just the usual corrupt gov official play, they will be found guilty and pay some fines and life goes on. Worse case, people go to prison and the company is seized and liquidated(to pay fines of course)
Sam isn't an appointed custodian...he is the owner. He isn't under the eye of the courts who appointed Lazar.
It will be a long road before anything happens in Singapore that would dissolve Sams company and require this shell to be dealt with as an asset.
If that time comes, odds are more likely it would be sold as a valuable asset by a Singapore court.
hyjacke4rs don't like court battles, they won't touch this until its been dead for years. Unfortunately, now that means they have to revive a grey market zombie as SEC now force them off market as soon as they are delinquent.
No court would make any such ruling. Any legal activity concerning this will take years. No US court would entertain any custodianship grab with out the SEC, OTC declaring it DOA...OTC hasn't even slapped a CE on it yet.
Schwab and TD still far from acting like one company. I got tired of the crap and moved my TD stuff to Schwab(which resulted in even more BS, TD actually said at one point I had to prove I purchased some of my securities (NYSE) in the open market.)
I got both.
They let my order go through.
Schwab no longer blocking trades...
and on no news...that we know of...
The second store is open. It is the first location that is bogged down in red tape. The building was never used as a restaurant and converting it requires too much .gov crap.
FOOOD TRUCKS!!!! Gotta start a food truck franchise...
I never understand the 1 share buys. Love the price but, what does it accomplish to buy dozens of shares 1 at a time? or is that the seller controlling that?
My scanner says it hit .08 others seem to say .05...?
Looks like MM move, blew right past me and ignored my sell.
markets closed...those silly orders always show up when the MMs pull their orders down for the day.
Never expected anything fourth quarter, nobody does crap in fourth quarter. Its always 1st and 3rd. This is a real company now, it operates in quarters. I don't expect random date postings commonly used for P&Ds.
I heard there is a buyback planned...
Welcome to realville. The closer this company gets to opening, the more realistically its stock will trade.
As real world data to study becomes available, the Hypetrains and Angry Karens will become less relevant(which will make the Angry Karens more angry).
Price moves will become more stable as they begin to reflect the companies true perceived value.
At that point only real tangible value will cause any significant price/volume moves.
(on the big boards you get that "beat/missed experts expectations" BS but not in OTC)
Someone has got to do it, this stock isn't manipulating itself...
SEC closed the Craps table in September is what happened.
300 employees, world wide....or were you fat shaming them...
Isn't English fun?
Despite being PINK, still banned by Schwab.
It refers to a reduction in supply, similar to "retiring" shares in stock market. Coins are deposited in wallets that are then destroyed or something like that.
Shiba model is based on reducing supply from the max amount instead of mining up to max amount like bitcoin.
You will see this over and over in OTC. OTC volume is based on hype & rumors of easy money going to the moon BS. As soon as a company starts looking legit the magic is gone. The flippers move on to the next pile of unicorn poop.
Hype and BS only work in a vacuum. When you have actual real world information and filings and rev. The hype doesn't work. Then ticker value is tied directly to real world value.
One thing to remember when dealing with Chinese business, they are very short sighted. They invest in plans to make their money within money 6 months to a year. At the first sign of trouble they bail and move on to the next get rich quick scheme.
Its why quality control is so hard find, they don't care if your not a returning customer they assume they will always find another with their cheap prices.
Pasty faced gen XYZers who spend all their time snapping selfies need pimple cream more than anyone...
Real companies just running their daily business are not exciting enough for the average flipper. They want tickers they can make unverifiable claims about to pump or bash them in a direction. New SEC rules cleaned out most of that so, many left for crypto world.
Show me a stock that isn't manipulated and I'll show you a stock on the grey market...
Looks like they spent some money, hope they can tell us why soon.
Remember, the 2nd largest broker, Schwab, still doesn't allow online buys for $SNRY.
Yes, them getting pink/current was important.
New rules simply state any company who doesn't keep their records up to date in a very public manner will be dropped from electronic quoting, which means no retail market.
While not the only way, the obvious way is to either be current with SEC or OTC(or both)
This eliminates the zombie tickers so easily used for scams. Now the scams have to be better funded to stay alive.
A lot of tickers got booted in Sept. and a lot of people got burned. I suspect many left the market.
In Sept everyone got booted out of OTC that wasn't keeping current(used to take years to get booted) This killed off lots of custodian plays, and zombie ticker scams that were good for volatility.
Now its either legit small fry companies trying to get started (like GRLT) or well funded scams.
Things are now slower, the catalyst for big swings more rare and many of the players who look for that have moved on.
The more legit the play the slower it is typically as real filings and PRs are rarely catalyst for wild swings.
Are you asking because you are unaware of the new rules or because you don't think they had any effect?
OTC had its balls cut off...gonna be awhile, if ever...
Reporting acquisition; https://www.businesswire.com/news/home/20211109005543/en/
The idea this will suddenly go pop and make you rich just because a store opens is a bit misleading. I've followed FUNN since before it was FUNN, they now have 6 stores open, I think yet, still in OTC at budget prices.
The restaurant biz isn't the greatest place to be looking to get rich quick. Takes time and a lot of work (or luck) to become the next starbucks/chipotle...
I would be impressed if he had gotten a pretzel truck up and running by now.
transcanadian would mean your claiming to be from Quebec...
That guy is talking out his ass, that is basic constitutional law 101 violation. Burden of proof is on the accuser, innocent until proven guilty. If that is really what the OTC is doing thats a shakedown and worthy of lawsuit.