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Who thinks I can drive this flipper so low he hits his own bid?
Brilliant, LOL.
That was first released on Dec 16. That is weird. Maybe it has something to do with now being current?
Considering all the attorney letters it took to get current, I won't dismiss the possibility that some other paperwork had to be redone as well.
At least the two releases have the same information about the acquisition. Only the dates are different.
I think I've made my point.
Wishy washy traders letting 11k shares push around 95k shares is why we saw the downtick in PPS.
Once these quote polluters get taken out for good, this will trade with much more conviction.
Ok, have fun with that. If MN is part of the United States, the last day for tax year 2020 trading was yesterday. It's in the link, right after the word "Canadian".
Who wants to see me downtick that flipper's offer with 10,000 shares?
I'm thinking the same. The fact that he's not coming to best ask tells me that he's concerned his offer will get swiped and he'll be short more.
Usually he's on the ask pushing people to hit his bid. Squeeze play in the makings IMO.
Exactly. The amount of paperwork that goes into all these filings and corporate changes is underestimated by many traders. We see the filing(s) appear instantly, so it seems like there's not much to it.
IMO, there is no delay.
The other intriguing part of this is, we might very well be on the heels of another merger announcement with the India and China UL partners. Imagine how much paperwork that would add.
If anyone cares to read about the possible second merger, it's right here in this 8k. 80 pages-ish total?
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
Interesting that OTCX would come up to .1617 on the bid.
I think most of use here know he's a big time short seller and loves to scalp for peanuts.
I'm surprised he's not best ask as well.
Just paperwork? Consider the amount of paperwork involved here that traders never see.
When a single filing shows up on OTC Markets, it represents volumes of paperwork. When the companies merging are on different continents, the paperwork is more involved. This deal has multiple companies merging, so that adds to the paperwork.
The new company has to compile all the financial data from all the merging parts, compose new filings, fill out multiple applications and submit all the paperwork to multiple agencies in two countries. It's not a "simple" undertaking. It's a very involved process. One filing is typically anywhere from 25 to 50 pages. How many filings are we expecting here? I can guarantee it's more than 1.
Plus we're in the middle of the major holidays....vacations and sick days are up, hours of operation for the various involved agencies are down, and market activity is very high.
If you want me to change your mind, you are requesting an impossibility.
I post facts and opinions for people to make their own decisions, and in my opinion, if something is defined as being part of the "basics", there needs to be some set parameters that define what the basics are.
Time frames for getting name and ticker changed vary depending on individual situations. Claiming that the company is not adhering to the "basics" of such an undertaking is in my opinion an incorrect statement.
Where are the basics you refer to outlined? What established list of basics are we working with?
I would like to see your source that outlines the basics of a merger of this type. Otherwise, that is your opinion. I am not aware of any basic guidelines that say three months is too long to wait for a multi-continental merger.
If you would please post your source that explains why this is too long, I would be eager to see it.
Everybody sees timelines differently. Compared to some other tickers I've held, this one is moving very fast.
The same example you use to say we are moving slow, is the same example I'd use to say we are moving fast. We both have the same information, so it's a matter of how we interpret it.
October was a minute ago....in market terms. The Unique Logistics filings that announced the name/ticker change timeline came out earlier this month.
Innocap is late in filing because Innocap no longer exists. The next filings we get will be from Unique Logistics.
The merger hasn't been tossed in the trash because Innocap (the dissolved company) didn't file on time. If 3 months is beyond anybody's tolerance for waiting, I understand and respect that....I will continue to wait.
Seems like sellers waited until we became current so they could out-tick each other on the ask.
Becoming current is the start of a new chapter in this story, it's not the end of the book!
Same to you! Happy New Year!
Back up the truck.
This is the most straight-up merger situation I've ever been involved in. The deal is already done, and Unique seems to be expediting the process to get the paperwork end done as soon as possible. IMO, I wouldn't even call this a delay at this point. We are waiting for an action that can happen at any time.
Going over the filings, it's plain as day that this merger is between ULHK, (Hong Kong) and the largest UL companies in the Americas, with the door left open for another merger within 12 months with the largest of the UL Asian companies.
If the proposed future merger is undertaken, that would put the Hong Kong, New York, Boston, Atlanta, India, and China divisions of UL all together into this shell.
Anyone throwing this company out the window now is not understanding what is transpiring or the future potential of this company, IMO.
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
https://www.otcmarkets.com/filing/html?id=14551438&guid=OfMqU6t2yxYHs3h
Posters didn't create any expectation of a date for the changes. The company created the date of 12/27 as the earliest possible date it could happen...."on or about" I believe was their wording.
If the mailing was delayed a few days, that would push the minimum 20 day waiting period past the 27th.
Business doesn't happen at the snap of a finger. Throwing in the towel because we went past the soonest possible date is hasty at least, IMO.
Everybody looks at stocks differently. That's why some people prosper and others fail. I'm not here to convince anyone to buy or sell, I'm just here to present facts and opinions, and the more facts I find, the stronger my opinion becomes that this will be a big mover when we get the next set of filings.
I was very happy to get some of those bargain prices today. My interest is not cooled whatsoever by the perceived delay.
I added earlier because one thing I've learned with this ticker is, if there's a good deal, grab it because it won't last long. Very few second chances when sentiment turns up.
This is a powder keg anyway. Any price action in this range will be short lived, IMO.
Taking chances are what traders of all kinds do. I might be wrong about the loading game. There's all kinds of way to look at stocks, and someone might just want out.
But if we look at how many traders there are in the world, I think there's probably quite a large number of people who would take a chance like that to load cheap shares. Maybe that person has 10x that amount and is just trying to create a scare to load cheaps? Could be a number of different scenarios behind that offer.
It would be fun to see that whole stack get swiped though!
Big asks leads me to believe that somebody is trying to load lower. That 400k+ ask represents 40% of today's total volume.
Highly unlikely anybody would make such a big ask hit with the pressure going the opposite way already.
Easy move back to .10 from here.
I love watching the sentiment flip on L2. Frenzy out - frenzy in!!!!
Nice reminder of what we're waiting on.
Another thing to consider is, the parts of UL that are coming together in this merger are all the largest UL companies in the Americas.
Plus, the merger particulars leave the door open for future mergers with the India and China divisions within the next 12 months. Those two are the largest UL companies in all of Asia.
So the largest of the UL American companies merging now with ULHK (Hong Kong), and the largest of the UL Asia companies on deck for another merger within 12 months.
I don't care if they smash the .05s or lower, I will add whatever I can on this dip.
Any new investors, check the iBox for links to filings, news, a directory of all UL companies and subs, and more. Good to review as well for those who want to keep it fresh in their minds.
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
That yield sign appeared when Innocap was late on their quarterly filing last month due to the changes the merger caused.
The next filings will be for Unique Logistics International, and at that time we'll see the A/S updated and IMO we'll have complete updated fins for the new company.
I'll gladly buy this dip. Great opportunity for those who have done their DD and know what's coming next.
https://www.otcmarkets.com/stock/INNO/security
Just to clarify:
There's no proof an email was sent to the CEO?
There's no indication as to content of the email, if it was in fact sent?
There's no indication of a response from the CEO?
But somehow this email that may or may not exist, and was not copied/pasted screenshot or shared publicly is causing a sell-off today?
In your opinion, is that the reason we are seeing a sell-off today?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160535232
Can you provide a screenshot or a link to that post?
Not sure how sending an email to the CEO would cause any price movement. People send emails to CEOs all the time.
What was the nature of the email, if you know? Thanks.
EZ adds today. It might go lower before it goes higher....but this has a history of being extremely difficult to buy when it's heading north.
There will be a lot of "shoulda, coulda, woulda's" when we get the next set of updates/changes! IMO
The 79th time is always the charm!!!!
I would need to see some side by side comparisons with that other company before I assumed anything about a delay here.
What similarities do both companies share, if any? What evidence is there that the two situations are similar enough to expect the same kind of delay?
If it's a "this is OTC" type of reason, that is not reason enough to suspect we'll have a similar delay.
To all the bid sitters:
Definitely a good day to bid sit!
Agree. Let's see what happens. The potential here is huge and the risk is small. We can verify the size of the companies merging into this shell, and we know they are all legitimate and have substantial value and revenues.
The magnitude of whats happening here is very much under the radar, IMO.
If we're waiting on FINRA, why worry about a delay at such an early juncture? It's 1 day past the earliest possible date the company projected for the updates.
If we believe the company is proceeding with their ambitious plan, this presents a loading opportunity as people who don't understand the process sell.
I am not selling anything because I understand the process. I've done my research and I've been forced to confirm all of my research when I updated the iBox. If I put something in an iBox, it is fact to the best of my knowledge and understanding.
Well there's no tax loss selling going on. Anyone who is long right now is probably more concerned about capital gains, rather than taking a tax loss, IMO.
Unless people are more excited about the magnitude of the present merger and the option to merge two other (large) UL companies into the shell within 12 months, than they are worried about going beyond the earliest "on or about" date.
If anyone cares to check the specific parts of UL that are being merged in, and the other mergers that are on the table for the near future....you'll see that these are all of the largest "parts" of UL coming together into our shell.
Anybody panicking out now, best of luck. I'm holding, and if I can free up some powder, I'll add some more.
Here's the 8K that explains the current and proposed future mergers:
https://www.otcmarkets.com/filing/html?id=14439879&guid=ZE9eUaOYJWeXq3h
Here is the D&B page that I found that has a directory of UL companies, subs, and partners.
https://www.dnb.com/business-directory/company-search.html?term=unique%20logistics&page=1
Thanks for the explanation. If you work for an oil company, I trust your calculations. Now I need to figure out why my calculations using MCF are so much different.
I'm apparently either leaving out data or figuring the available data incorrectly.
Do you understand what "on or about" means?
The target date for the name/ticker change and the other corporate updates was on or about 12/27.
12/27 was a Sunday, and directly in the middle of two short holiday weeks.
I would agree we have passed the soonest possible date for the changes. Not sure what you are basing your assumption on that we're going to be delayed for weeks.
"This is penny land" or something to that effect is not a valid reason to assume we will have a weeks long delay, IMO.
Do you have anything concrete to present that would support your claim of a weeks long delay?
Thanks.