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As you stated last week,,,'this seems to move on air'.
Nice start to the day. Some bonehead began with a small sale before buys came in. Sitting at 50% of the $.01 prediction. This should get exciting by Thursday and we may see this well above $.01 by EOW. Good luck all.
$LRDR ,,, L2 very thin,,,should see $.01 by end of week with news on Arcaro custodianship coming March 20th. We should see pps increase day-to-day this week with the news coming.
TICK,,,TOCK...Looking for some nice upward pressure heading into March 20th.
Wow,,,3600 shares drops this 13.51% this morning. Crazy stuff. Getting exciting,,,looking to recoup and grow the pps soon.
Sells?? Wow, too close to the Custodian Agreement to sell. No telling when whales will decide the time to join in the reindeer games. I agree that we should be seeing .005 - .0055 by EOW tomorrow, and close to .01 before the 8th Circuit Court Judge signs off on Custodianship on 3/20. I, for one, will not try to time the heavy buying due as we draw closer. In it to win it!!
Yes, it does move on air. And an understanding of what this might just do on the 20th. Nice volume today and a 50% pop. Joseph Arcaro does have a reputation!
May need a name change to MTPockets if he calls what he posted DD!
Yep, no brainer here as Arcaro will prevail. Hope to watch this stair step in pps for the next 13 days. Then once the judge signs the custodial agreement and the news hits all those not now paying attention --- BBBOOOOM!! Expect a nice piece of change to be made on $LRDR.
Okay,,,thanks
Are you talking about the "Supplemental Affidavit of Joseph Arcaro in Support of Motion for Appointment of Custodian" dated 2/15?
Or is there something new which I am not seeing on the web-site?
Thanks
When looking up information on T-Trades, I came across this little nugget:
Good morning! New week and looking for an update from the Eighth Judicial District Court very soon. GLTA
Good morning! I have been in $MINE for a little while and bought in @ .02 then sold @ .06. I then decided to buy back at .04 and have been sitting for the past couple of weeks. Hoping for some good, solid news this week. GLTA
$MINE/PRIWEN A little about both:
Minerco, Inc. to Acquire Priwen Systems Inc., a Proven Cryptocurrency Mining & Technology Company
8:00 AM ET, 02/27/2018 - PR Newswire
Minerco to earn 60% Equity & Control of Priwen to Accelerate Revenues & Technology Holdings
HOUSTON, Feb. 27, 2018 /PRNewswire/ - Minerco, Inc. (OTC PINK: MINE), a cutting-edge brand management and holding company, announced today the company has signed a memorandum of understanding (MOU) to acquire controlling interest in Priwen Systems Inc., a Cryptocurrency Mining and Technology company. Minerco has been looking to acquire several assets that fit within its business model to increase revenues and shareholder value of the company. Priwen is the first targeted acquisition for Minerco to grow its holdings portfolio.
Priwen is well established in both the technology and crypto mining industries. Priwen not only efficiently mines Bitcoin and Litecoin but also designs, manufactures and is well positioned to sell mining equipment for the GPU (Etherium, etc.) market. The acquisition by Minerco allows Priwen to exponentially grow its business in the very short term. Growth is expected to come from the mining (both scope and volume), hardware manufacturing sales as well as related accessories, software development and expert consulting services to miners across the globe. More about Priwen, below.
Gordon Macfie, CEO of Priwen stated, "After entertaining many offers, we chose to work with Minerco with the goal of growing our business exponentially. The crypto mining industry is exciting, but more importantly, Minerco shows a clear understanding of the industry, its challenges and shares our vision for the future of crypto mining and ancillary technologies. Minerco clearly values being nimble and innovative and working at lightning speed. No other potential investor came close to demonstrating this much vision and operational prowess. This is the beginning of a long and fruitful relationship."
Minerco's acquisition of Priwen will not miss an operational beat. The current management of Priwen will continue to run the business. Minerco will provide guidance, exposure and capital to further develop Priwen's growth strategy, but the operations will be seamlessly handled by Mr. Macfie and his expert team.
"We are very pleased to be acquiring Priwen Systems Inc. and welcome Mr. Macfie's team to the family. We have already secured the funding for this acquisition, so we expect to be fully through the process and closed within thirty days. This is exactly the type of company we have been looking for," stated V. Scott Vanis, CEO of Minerco, Inc. "Priwen's business is one of the most exciting markets in the world today. Priwen has proven executives in an existing yet young market, and it has tremendous upside potential to quickly increase shareholder value. We will update shareholders as this acquisition is completed and other acquisitions / partnerships come to terms."
About Minerco
Minerco, Inc. (OTC PINK: MINE) is a cutting-edge brand management and holding company specializing in the development of beverage, entertainment, and related ancillary brands. The current Minerco beverage brand umbrella includes VitaminFIZZ® and The Herbal Collection™. Our entertainment company, Fuse Live Events, supplements our portfolio through the generation, production and promotion of premium quality live entertainment such as concerts, festivals and other live events. Minerco is always seeking new opportunities to expand our portfolio, whether the brands are well established or startups. Our exposure, databases, and access to capital provide opportunities and high-level exposure most brands can only dream about.
www.minercoinc.com
Follow us on social media @MinercoInc.
About Priwen
Priwen Systems Inc. is a Montreal, Canada based company with a background in the technology, telecommunications, engineering and manufacturing industries. Priwen developed a specialty in the area of reliable industrial-grade products.
With the rise of the cryptocurrency market, Priwen's emphasis started to shift to mining as of Q1 2017. The engineering knowledge gained from the original activities of the company became transferable and very useful upon pivoting to the cryptocurrency industry. This knowledge base led to the purchase of miners in Q1 2017 and the mining of Bitcoin and Litecoin. During this proof of concept phase, Priwen was able to prove both financial and engineering viability.
While deriving revenues from crypto mining in the low cost environment of Montreal Canada will remain a core part of the business plan, the preceding skillset has led to a firm which can not only be a service oriented company, but also have a product and IP focus. Priwen is developing into an integrated digital currencies company with the ability to deploy, maintain, enhance and build miners and accessories not only with the objective of growing its own mining farm, but with the goal of an offering that makes the company a core player in the crypto mining landscape.
The Priwen team consists of both solid engineering and operational talent. This will enable solid execution of the business plan. As the industry grows, it will also permit the company to work with any new trend. Crypto mining and Blockchain in general are high-growth markets, but all while remaining focused, Priwen is flexible and uniquely positioned to adjust to new industry trends, some of which the company already envisions and are preparing for today.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
I am checking the Court Documents about 4 times a day. Based on average length of time, the order should be out this week. GLTA
Tick-Tock!!! Closer to Custodian Announcement. $MINE came through this morning,,, now if the Clark County Clerk will release the order,,,today could be a banner day!!
Yep,,,I did expect it this week until I saw the Supplemental Affidavit filed on 2/15,,,I do believe we will see the motion granted and signed-off soon. Have a good weekend all.
Wow!! Last year as I was trying to ask questions and doing my DD and you, INTHEKNOW1, jumped my ass, deleted my posts and put me on ignore as you told me how stupid I was for even asking such dumb questions about the company and the great Johnny Falcones. Salary and pay-outs to Mgt? He deserves everything he takes out because he will make us all squillionaires!! He was the savior of the OTC and anyone who did not jump on his OTTV bandwagon was just plain stupid. I did buy at .0008 and made a very nice profit before dumping this POS 45 days later at .004. Johnny Falcones has a good idea and product, I assume, but Johnny Falcones hasn't a clue how to run a profitable company. Look at his 2017 Goals and Objectives --- NONE ACCOMPLISHED!!
Guess not! Soon though.
Need some good volume to see this jump!!!
Here we go. News should be soon!!
Big Juan,,,that's how it seems to me.
Thanks for the link. Since the Supplemental wasn't filed until 2/15, with the holiday on Monday, it's been only 2 business days. We should hear something soon as long as there is no rebuttal.
Here is the latest shown on-line:
Laredo Resources Corp.
02/15/2018 Affidavit in Support
Comment
Supplemental Affidavit of Joseph Arcaro in Support of Motion for Appointment of Custodian
Is there any current news on the Custodianship? Anything released yet? I couldn't find it. Hopefully the clerks are getting the order out soon enough, although it has been only 6 working days since the hearing.
A t-trades don't necessarily mean dilution. Just a method for the MM's to catch up on trades made during the day. Here is a good definition of T-Trades. Make sure to read the highlighted section at the bottom,,,Welcome to stinky pinky land:
Incredible Penny Stocks: What is a Form T-Trade?
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
$LRDR - Pop is happening now!!
$MINE - UP and headed northward!
Yep, it's time now!
Looking for Custodian affirmation around noon when court is open. Plenty of time for clerks to get current on 2/13 filings.
Didn't last long!!
There is a nice little bump!
$MINE; $ASKH; $LRDR looking for a Friday before holiday run on all three!!!
I thank you as well 'i like bb stock' following on twitter and you r iHub board. Always has me busy digging and learning. Thanks again.
Hey, pretty soon you will have the contractors out adding on to your home. New bedrooms and a playroom for the twins!! Hopefully real soon. Need the paperwork out of the way then this will really take off,,,IMO!
Nice jump to .004
$LRDR,,,Looking to start a big move upward. It looks like the court is approving custodial rights to Joseph Arcaro. The court requested an affidavit and it was submitted. Next thing they should have is “Guardianship Approved” now that it was submitted.
Court date was 2/13 to determine whether Joseph Arcaro gets custodianship of the LRDR shell https://image.prntscr.com/image/l6q-6PYzSpix7txMFAy1HA.png
Yeah, seems to be a hurry up and wait situation now. Trading has slowed to a crawl. But when news comes out, the chasers will be in sprint mode.
Congrats on your upcoming arrivals. Let's shoot for .05 just for them!!!
Could be a few months but probably more like a couple of weeks,,,IMO
In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks.
Thanks. Clerks are typically behind. I would think the opening might give an indication of outcome. We'll see. GL today.