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FERN states their plan to up list to NASDAQ.
One requirement to accomplish this up list is:
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
For a penny stock to accomplish this, it invariably involves a reverse split at some point.....
I am not attempting to hinder investors from buying this stock.....on the contrary,I suspect this may be a good investment......otherwise I would not have already begun a position here myself.
I'm more used to boards where rational two way discussions are held and not where sarcastic comments are thrown out with little or no forethought.
A little concerned about the potential for a reverse stock split. E-mailed the company this AM and queried about their plans regarding this.
There are are more shareholders than allowed for form 15 eligibility. .....George found that out with RETC.
GOFF will be the first winner because GVSI has a few more issues to be resolved first. GOFF$$$$
L2 can be like a shape changer and doesn't necessarily convey a damn thing.
Upcoming Quarterly earnings (Jun 30) have yet to be reflected in share price. These earnings should show a healthy increase now that all toxic debt has been cleared from books. We will see. I suspect these earnings will be released sometime middle of August.
Do we expect the Initial Order from Large Hospital Network soon.....that would provide huge boost ?
If Financials haven't been filed come just before the TD August deadline shares will be hitting dramatic bottoms.
Whenever everyone thinks their going to make millions................
Just paid .0238 for a bunch more........Should I have waited longer?
I understood that the financials had to be filed by 30 Jun to guarantee account upgrade.
I've seen that his fees were submitted, but have not seen anything yet about their acceptance. With GOFF he specified that the fees had been submitted and accepted. I'm not certain that OTC will accept his financials until after acceptance. For that matter no indication that he has submitted financials for GOFF yet either.
There are many ignorant posts being made here today.
The huge selling is from fear and is being driven by the exchanges' decision to begin disallowing purchases of "non-current" stocks (like GVSI) in the middle of August rather than waiting until the end of Sep. Once GS brings GVSI current it is removed from this category.
I can understand the panic, but also remember " buy when others are frenzy selling and sell when others are frenzy buying. The selling right now is definitely in the frenzy category.
It most likely will be $5 by next year.........but how many shares will be represented by your investment by then ? Answer is....we can only speculate.In any case you should make a good deal of money.
I should have done this much earlier, but finally bit the bullet and took a starter position at 1.12........going long term and will have to cost average as I go. Best of luck to all. HMBL$$
A slow and steady price rise is what we want.....
I feel much better now.......They paid off all convertible debt in March, and if they garner all potential sales (which I believe they will) their upcoming earnings should be significantly improved.
I recently bought a starter position here......Only thing that concerns me is the huge derivative liability shown on the books.
Sounds good.......appreciate.
I believe this is a good time.
The only real concern I have here is the possibility of dilution. Looking at authorized shares vs outstanding shares there is little if any room for further cash growth. I really don't know where we stand there, and I obviously have a great deal more DD to do.
Thanks for your observations.........Took starter position at .06 to get my foot in the door......I will cost average from here.
I like everything I've seen so far.
I agree with you.......but suspect better timeline and better odds elsewhere. I'll check in periodically.
Taking a starter position on Tues.
Taking a starter position on Tues.
I have decided to disperse this cash elsewhere...........this is not an intelligent investment.
Yes, because selling remaining authorized shares at .0009 means about 12M. Then they can reverse split and start all over.
I totally agree with you, neither logic or speculation are fact. And I further agree that logic is an important thought process possessed by mankind but not the lower life forms. Logic has been instrumental in bringing man to where he is today.
I would simply appreciate RETC management providing its investors with some of the facts here so that we could make intelligent investment decisions. But I suppose this is why many refer to purchasing and selling stock as speculating .
Logic is not fact.....it is a structured guess. The true reason for this explainable, premature, outside the box upgrade to PINK CURRENT might foretell the future for this stock. Was this simply one of the OTC's innocent little glitches or does it foretell something yet to be revealed to us.
I also find it strange that the company has made no public announcements. Any and every positive thing that they possess should be widely scattered to the public right now. Many investors who haven't been following them have no idea that they filed all their financials and just went PINK CURRENT. Do they "actually" have any upcoming positive events ? If so announce them now.
Do they actually care about their investors or the stock price? Show us.
There wasn't even a verification of the financials.
Doesn't every corp. have to fill in all the same squares and undergo the same scrutiny.
I mean...........didn't they just submit their financials on 29 Jun ?
Then they immediately were made PINK CURRENT
I'm totally baffled.
Question is..........why did it immediately go PINK CURRENT
What just happened was a traumatic event to many who had their sights set on quick millions...........eventually the asks will wind down.
Doesn't make sense........He could have spent the rest of his life on warm, sandy beaches if he allowed GS's custodianship. There must be a stronger and potentially more lucrative reason.....perhaps he would like to bring in a reverse merger himself. Who knows?
Just to blindly throw out the idea that he wants to cash in on more shares is ridiculous.
Source ????
Just bought 3 M ....why not.
Isn't this already a refile submitted on 6/22/2001.
3. 3860 - Request for Submission 06/22/2021 Extra Text: Transaction 8507902 - Approved By: NOREVIEW : 06-22-2021:16:21:00 DOCUMENT TITLE: MOTION FOR APPOINTMENT OF CUSTODIANSHIP, TEMPORARY RESTRAINING ORDER AND MANDATORY INJUNCTIVE RELIEF (ORDER PROVIDED) PARTY SUBMITTING: DAVID MCELHINNEY ESQ DATE SUBMITTED: 6/23/2021 SUBMITTED BY: CS DATE RECEIVED JUDGE OFFICE:
MCELHINNEY ESQ is George's attorney.
Acting like impending breakout.
Just bought a bunch more at 15..... Come on sweet heart....baby needs a pair of shoes.
Who the hell would sell at 15 ?