Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't look now, but rumor has it a bunch of filings and an attorney letter just hit.
Lazar was on fire today!
Court website updated, got it!
SHNL filings out after reinstatement last month. 20M OS, 50M AS. David Lazar merger play.
https://www.otcmarkets.com/stock/SHNL/security
SHNL Filings out after reinstatement last month. 20M OS, 50M AS. David Lazar merger play.
https://www.otcmarkets.com/stock/SHNL/security
SHNL filings out.
Filings out.
Why? And please include the share structure that is well into the billions in your explanation. Thanks.
For the record, I'm not a fan of all Custodianship players. I do acknowledge there are definitely bad apples out there.
I'm not a fan of Passalaqua.
Ibeto did that, not Arcaro.
I don't believe Arcaro pulls name and domicile tricks, at least not in the recent few that I've followed, but Dempsey Mork still does them I've noticed.
A private company wanting to go public will reverse merge in once the shell has been cleaned up. Arcaro takes home some lunch money for his services getting the shell ready and reinstated as well as reimbursement for all the overdue fees etc that he pays out of his own pocket.
It is my opinion that if done fraudulently then the term hijack absolutely applies to the custodian/reinstatement process.
On the other hand, if the process is done legally, legitimately and totally by the book then I have a hard time accepting the use of "hijack" terminology. If previous management has in fact entirely abandoned the shell and it's just sitting there in a zombie state I would imagine that the shareholders are absolutely thrilled when someone comes along and resurrects it.
I do understand the potential for abuse of a resurrected shell, but then again someone can do a straight-up purchase of any shell and pull scammy stuff too, can't they? That's if they even bought it!
Calling all reinstatements evil because there have been past abuses doesn't sit right with me. There have been plenty of legit reinstatements that are quite intentionally ignored and overlooked in the furtherance of the witch hunt.
The big bad Arcaro? It seems the only dirt dug up on his reinstatements is that one of them one time was used by the FBI to catch some actual bad guys. Oh, the humanity.
He legally and legitimately applies for custodianship of delinquent shells through the court system, cleans them up and then sells them.
Check out NUGS, that was his. It ran to like 7 bucks before pulling back and settling. It's a legitimate marijuana service provider, not some scam.
It's Arcaro, BTW.
That's all pure conjecture at this point. But thank you for the opinion.
Isn't it also quite possible that he wants a nice smooth merger that benefits both the cement business as well as investors going forward, and not just himself? That sure is what it sounds like from seeing some quotes.
I agree, no sign of suspicious frontloading volume. Must be old holders that have been waiting for action to get out on.
I saw the filing as well, it seemed quite out of place with no reinstatement yet. Did you buy it to see what the filing was?
I agree. It's just a waiting game at this point.
Unfortunately I disagree with claims that a merger has already happened. I believe the NVSOS merge-in filing was just re-domiciling into the state from WY. There has been no change from Dempsey Mork as officer and from what I understand the shell is still listed as for sale.
It's a tough call, buy-in early and wait but with those funds tied up, or wait for news and try to get in quick before the price runs away.
I try to do a little bit of both.
$510k market cap is based on old information. OTCMarket shows 22M from 2013 but the current OS is actually 145M.
The CEO is an iHubber. All I can say is Don't do drugs, kids. Except those prescribed by your psychiatrist, of course. Take those. Please take those.
Didn't he somewhere make comments about excitement at being the first Nigerians getting into American markets, perhaps leading the way for others?
"Seems there are two assumptions on the table."
1) Ibeto will keep the value of HIS assets for HIMSELF.
Anything's possible. But surely that screws the pooch for attempts to further other Nigerian business development in the close future. Maybe it's worth it, maybe it's not, that would be up to him.
2) He will give HIS assets to existing shareholders FOR FREE because he is a nice guy.
Anything's possible. But a legit merger and business development could invigorate confidence in a burgeoning African society and their investment infrastructure.
How much money have Bill and Melinda Gates given away for the good of humanity that they could have spent on themselves? Just sayin'.
Maybe Ibeto turns out to be a scammer, maybe not. Place your bets.
Exactly.
Don't worry, there is an imaginary friend providing assurances.
-Yah, I don't buy it either.
I see that the SEC example used specifically relates to fraudsters. Are there any examples of the SEC using the term hijack to refer to a Custodianship/Reinstatement that was was done legitimately, fully aboveboard and totally by the book?
If so, then I will accept the use of the term in that manner.
Otherwise, it is my opinion that the term is being broadly thrown around in a sensationalist manner attempting to lump all all of them under a shadow of illegitimacy just because one doesn't like that they happen and wishes they didn't.
I understand the frustration with the possibility of shady stuff that can occur with a reinstated shell, but that stuff can also quite well happen with a shell bought straight-up, can't it?
Illegal? What has been done illegally? Please tell me what, exactly, has been done illegally with Arcaro's custodianships that are being done openly and legitimately through the court system. This ought to be good.
I go to the same grocery store pretty much every time. Weird, there are other stores on the other side of town that are not nearly as convenient or that don't have quite the selection that I would like. Isn't it strange that I tend to go to the convenient one close by that also happens to have what I want? BIZARRE!!!!! I wish the best for all the folk that intentionally drive way out of their way to go to stores that are totally inconvenient and don't actually carry what they want. Bless their little hearts. (Which is actually Southern-speak for "that boy ain't right", which in turn is actually a very polite way of saying "that kid is stupid as fu*k")
The Vegas court has jurisdiction over many of the companies Arcaro is interested in and Vegas is also where his lawyer is based.
Nothing odd about it.
Why would the seventh or sixth make more sense? That's an honest question and I actually would be interested in an answer.
Hint: one can magically discover Johannes Peterson's relationship to CYPE if one delves further back than just 2018.
Maybe one should try 2009.
https://www.otcmarkets.com/stock/cype/disclosure
Looks like it was just re-domiciled back into NV after being domiciled in WY for several months. Notice, no change of officer, it's still Dempsey Mork. I don't believe a merger has occurred. (Yet, at least)
Plus the shell is still listed as For Sale. The website listing it is not out of date, it was just changed within the last day or two. The shell prices were just removed from the page for whatever reason. The two listed as available were priced at $175,000 each for anyone wondering.
NVSOS Annual List filed, reinstated to Active status.
https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=FScrl0s8G9%252bbkilSqlV1sA%253d%253d&nt7=0
Probably because of the claims that the company no longer exists just like were made recently. Then got called out and admitted that yes, the company still exists but has redomiciled.
I guess I'm confused as to why there is another round of claiming the company is gone exactly as was done previously even though there was later full admission that it was just a ploy the whole time.
Market cap is based on OS, not AS.
APLD hearing canceled. Told ya.
APLD - Looks like Lazar has pulled out, the hearing has been canceled.
Just saw that myself. I assume Lazar withdrew after realizing old management had reinstated it. And yes, FG has been pumping it ever since even knowing that old management was back in the picture.
Don't confuse news that you don't want to hear with intentional negativity.
It was reinstated by the Custodian. The guy that just got kicked out. And whose actions are to be undone. Which will include his action of reinstatement, I should think.
Maybe old management will make a better job of not running the company into the ground again. Maybe not.
Good luck to you. And for gosh sakes do your own DD! Don't just blindly follow iHub claims! Especially if you have seen a whole board full of them like all the "Custodianship coming today!" claims. Every one those was a blatant lie. Don't forget that.
It hasn't been making filings but according to court documents the company is actually still in business. Additionally, I would be willing to wager that the old CEO has a bunch of shares that were in jeopardy with the Custodian in charge.
What are you talking about, no decision made yet? The Motion to Set Aside Custodianship, Unwind Actions of Custodian, and Reinstate Board of Directors and Officers was granted. Look at the court website - there it is.
So yes, it was decided. Claims of it being postponed are the same as the claims that Custodianship was coming today. Absolutely false and should be disregarded as the BS that they are.
Sorry, but open your eyes.
What would you like me to say? I've been warning this was coming for a couple days even in the face of all the lying claims that custodianship was coming today.
I was right, was accused of lying, and then backed up my claim.
LOL, now there's talk about the recent reinstatement as being awesome news. Uh, the reinstatement was by the Custodian. You know, the one that got booted and all his actions are to be undone?
There, I guess I did have just a couple more words.
https://www.clarkcountycourts.us/Anonymous/default.aspx, search for case A-18-770749-B.
What you'll see is this:
I'm not the one lying, sorry.
Wrong. It has absolutely been updated. Check for yourself, people.
What, for reporting the truth? Sometimes the truth hurts, sorry.