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They never filed in 2017, that's why it had a Default status and why Lazar was going after it.
The "big deal" is that Lazar has to demonstrate to the judge in June that old management has totally abandoned the company. Which may have appeared to have been the case as of last week but is now a totally different story unfortunately. If old management shows up at the hearing and shows proof of their filing and holding Active status again what judge would give custodianship away?
GLTU
See the annual list filed yesterday getting them back to Active status?
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=WQVkKGBaJxIxyp%252bIXGEcDg%253d%253d&CorpName=APPLIED+SCIENCE+PRODUCTS%2c+INC.
It's either a coincidence that they filed just now and don't know about the custodianship attempt or they know about it and aren't going to stand for it.
If the judge is made aware that old management is active again I think it's highly doubtful Lazar will get custodianship. I could be wrong, of course.
Old management revived it at NVSOS yesterday. Will the judge grant custodianship to Lazar at the June hearing? I guess we'll find out. I'm waiting until then to get back in or not.
Careful with that one, it looks like old management has stepped back into the picture.
MGON Merger Tweet:
We have reached agreements with the merge-in company. Official press releases will commence by Wednesday of next week.
Megola inc. $MGON
We estimate a street position of 151 million shares for Megola ($MGON).
It must also be noted that the shareholder list reflects a fair amount of the outstanding shares as being in CERT form. Based on such, it is our opinion that the float could likely be below 100 million.
Not an Arcaro play. It's a new guy, Jeffrey DeNunzio. But he is using Arcaro's lawyer.
I wondered if the 100M shares Joe already had from previous would be part of the control block. Judging by previous numbers I would have said no. 250M out of 400M is more in line with what he's done before, 350M out of 400M would be overkill.
I would venture that Joe having 100M shares separate from the control block that he hands over bodes well for his putting a quality company into AXMP. Not that his other shells are chopped liver, I own shares of them as well. But it sure seems Joe stands to personally gain from this particular one above and beyond his normal shell reinstatements. It could make sense to put his best prospect into it. But I could be wrong.
Bottom line, they're ALL exciting prospects from these levels!
Joe Arcaro reinstatements AXMP and CYPE both just had court filings to terminate custodianship with new businesses identified, described as "lucrative" and "fruitful". Next news should be mergers.
They both had the same language. Both are described as fruitful and lucrative, woohoo!
Joe, getting stuff done! Nice news going into the weekend!
No filings in 2 years, it's a NV reinstatement play.
I'm not sure about this particular case but I have seen just a couple examples previously. One was for a Nevada entity with an American address that made no Canadian filings whatsoever, only American ones. Somehow Canada determined that the company was actually being directed or administered from their country and thus issued a Cease Trade Order based on no filings. That was several years ago, just before the company stopped filing in the states. That Order is now holding up a Nevada reinstatement attempt currently underway. There is a CE on that ticker.
The other example was a Nevada entity with a Canadian address that ceased operations and stopped filings, both with OTC and Canada apparently. The Cease Trade Order was based on the Canadian filings having come to a halt. Interestingly, that ticker has a Stop Sign, not a CE.
Both of those tickers showed the Cease Trade Orders as News on OTC Markets. I wonder why GNCC doesn't?
Right on, thanks for that. Damn, those Clark County prices add up quick don't they!
I've learned to look for those over on OTC Markets but didn't see one for GNCC when DD'ing. Where did you come across that, if I may ask?
It's a stock ticker, another Lazar play.
RARS is a David Lazar play, not Arcaro.
It's not an Arcaro merger but still lots of potential.
Right on, thanks for that info. I've never had any dealings with NEX. Obviously, LOL.
I like the part where news for NEX:RB.H is posted as if it were for RBRWF. I don't believe they are the same entity, are they?
I'm not seeing any news or updates, I wonder what's driving today? Can anyone point me toward anything new transpiring? Is it being pumped somewhere? Or are insiders jumping in before big news hits?
Do you have any DD to present to support the opinion that "it does not look like it will happen soon"? Please, give it your best shot. I'm all ears.
My DD says otherwise, judging by past Arcaro plays. Yes, I said DD. Like actual DD, not just lame claims pulled out of thin air or wherever one pulls that kind of stuff out from. DD - you know, going over actual OTC Markets disclosures and stuff.
It's not perfect, but studying the past can certainly give one pretty good insights into how things might play out in the future.
Bingo. And apparently it's underway.
It's a shell awaiting merger news, there isn't an operation headquarters at the moment. I expect that will be changing soon, though.
Nice catch, custodian discharge was just approved Friday. And Monday the filings start... Looks like Lazar is getting stuff done. Sweet!
This is a Joe Arcaro merger play. He resurrects dead tickers, cleans them up and then sells them to someone wanting to become a public company. The preliminary stages have already been accomplished here, we are now waiting for news of what company will be merging into the AXMP shell. Unfortunately it's a waiting game. I say unfortunate because folks with no patience end up bailing out and share price can suffer during the doldrums. Oh well, their loss when they have to chase trying to get back in when news comes.
Is that supposed to be serious?
Isn't that a gray sheet? And why is the dude taking a picture of the bottle apparently naked in the reflection?
Beat me to it. That should be the control block of restricted shares that Joe will have issued to himself that will then be handed over to the folk that merge in.
Interesting that it usually seems to be right around 62% or 63% of the OS, a little less than 2/3rds. I wonder what the significance of that percentage is versus just 51%?
I haven't compiled a timeline of all of Joe's other recent tickers but I was recently checking out MD*X and it's control block issuance. The control block was issued 3/8/17 and the new management was in place 3/24/17.
Exciting times for a few Joe tickers all at once right now, I must say.
HA! I was checking addresses and phone numbers and crap, but simple enough, you're right.
I'm a dumbass.
Almost as much as someone throwing it out there like it was today's news. Well, tomorrow's news.
Spidey-senses tingling... There's a whole bunch of shit setting off alarms in that PR.
The Q affixed to the ticker indicates bankruptcy something or other, does't it?
I don't know enough about them to know if that could be a signal to swoop in or to haul ass. I do enjoy learning, though.
Thank you for the link, that's an interesting read. A definite cautionary tale for doing some DD before plunking money down on a company, especially one undergoing promotion. In the end it sounds like the SEC and FBI did a nice job and got their men, score one for the good guys.
Arcaro's part in the story ended when he sold the shell, correct? There was no mention of his being involved in the later scam portion and he is obviously out and about conducting business these days.
From the perspective of a speculator following reinstatement plays are there any differences between receiverships and custodianships to be aware of?
SGTN 90m common still authorized, no change with the new CEO.
Supposed to be hearing something month's end. Any minute now!!
Supposed to be hearing something month's end. Any minute now!!
Supposed to be hearing something month's end. Any minute now!!
THIS IS TAKING WAAAY TOO LONG
FILINGS ANY MINUTE
Any second now
Based on what? It seems you emailed them a week ago and apparently never got a reply.
Sounds more like trying to dump shares than letting everybody know about the great things about to happen. Am I wrong?
Wrong board. This is for Joe Arcaro shells. Go pump elsewhere, thanks.
It's a new increase since the Ides of March. I sent in a share structure request to the TA Friday afternoon to confirm that they are restricted, which should be a control block to be handed to the new owners. I haven't heard back yet.
From the 3/15/18 Annual Report:
Total shares outstanding: 158,602,838 as of December 31, 2017
The above percentages are based on 158,602,838 shares of common stock outstanding as of
March 15, 2018.
Not anymore it seems. From the link:
On March 24, 2017, Joseph Arcaro appointed Shawn Mesaros as President, Secretary, Treasurer and
Director of the Company and also resigned as President, Secretary, Treasurer and Director of the Company on
such date.
Timing-wise they are just about exactly the same. Nevada reinstatements were only one day apart and then OTCMarket disclosures both started on the same day, 3/15. There is no concrete reason at the moment to think one would be closer than the other to a merger.
Share structure is where we see a little bit of differentiation.
CYPE just raised it's OS to 272m of which the new 200m are the restricted control block presumably to be handed over to the new owners. Of the remaining 72m, 26m are unrestricted common owned by Johannes Petersen, CYPE's old Secretary, Treasurer and Director (Principal Financial Officer and Principal Accounting Officer). No preferred shares have been issued.
AXMP just raised it's OS to 408m of which the new 250m are presumably the restricted control block to be handed to the new owners. Of the remaining 158m, 100m are unrestricted common owned by Joseph Arcaro himself. Joseph also owns all 3m preferred shares that have been issued.
If trading at the same price level CYPE does appear to give you more bang for your buck over AXMP. On the other hand, I think it would be a mistake to ignore all the shares Joe owns of AXMP as we go into a merger. If he has multiple merger prospects at the same time it's certainly not crazy to consider he might want the bigger/better company in the one he stands to profit more personally from.
I could be wrong.
I own both. :)
I wasn't watching VUME today, sorry. Get yourself set up with TDAmeritrade - they have free L2, you don't even have to fund the account!
I agree. Let us know if something is worth looking at, sure. Maybe an update if it is moving, sure. But enough with the over-the-top pumping.
It ruins the whole vibe of the board and frankly detracts from the board's legitimacy.
Just one opinion.