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LOL! Nice find!
Seriously. If any of this stuff is true......imagine.
My .01s from Tues look fantastic here. They'll look even better at .10 :)
You just suggested .002 was the fair price for this when it had a viable business and then said you might buy a few shares at double that price. Nice job
With a clean shell like this with this share structure and market cap, you could make money here even if a company selling bottled farts rolled into it. Laugh all you want. I'm hoping on those same tax loss sellers to add to my position.
Explain how it's a fallacy that news would come from from GIFA. What evidence do you base that on? What other possible reason could they have to take over the FRFS shell? Reduce the AS?
Basically, it is the same as buying a car at the lot. It gets registered in your name and then you put a plate on it and drive it home. GIFA has bought and registered the car and now they need a plate before they hit the road.
Nobody buys a car and leaves it at the lot.
It is a large window, but yes, we are in it, depending if/when GIFA filed. Finding out that answer would be an immense scoop. Anyone who succeeds in establishing contact with the company should be asking that exact question. If/when. NVSOS pushed the snowball up the mountain. FINRA sends it down the other side to gain size, speed and momentum
In a perfect world, GIFA could be up for the interview process and decision 30 days after filing with FINRA. NVSOS happened about 50 days ago.
1. FINRA Conducts Preliminary Review of the Application
Once the filing is submitted FINRA’s staff will assess the application to determine if it is substantially complete. An application is considered substantially complete if it provides sufficient information allowing the staff to conduct a meaningful review. To the extent the application is found to be substantially incomplete, the applicant will be given five days to correct the deficiency.
If the filing is deemed substantially complete, FINRA staff then has 30 days to complete its review and determine whether more information is needed. If additional information is required, FINRA staff must issue a written request within this timeframe.
The applicant then will have 60 calendar days to fully respond to FINRA’s initial request. Keep in mind, in order to keep the matter moving efficiently, we recommend you respond as soon as possible and not take the entire 60 days. Please note: All subsequent requests and/or responses follow a 30-day timeframe.
Once deemed complete, the application is also assessed to determine if the filing is a potential candidate for Fast-Track Review, evaluating, among other things, the risk, complexity, regulatory significance, completeness, scale and scope of the matter. Note: For any matter deemed eligible for Fast-Track review, the firm must agree in writing to abbreviated turnaround times for responding to staff’s requests for information.
2. FINRA Evaluates Applicant Against our Standards for Admission
Each applicant for FINRA membership will be assessed in accordance with the 14 Standards for Admission contained in Membership and Registration Rule 1014.
3. FINRA May Require Amendments to an Application
Occasionally, applicants may need to amend Form BD and/or the relevant supporting documentation after filing their initial membership application. Importantly, information in Form BD and the membership application must be kept current. However, keep in mind that amendments to an application may in fact delay the time for FINRA to make a decision. If substantial changes are made to an application, you may be asked to withdraw your current application and refile, which may cause you to incur additional fees. Given this, it is important that you have evaluated the business plan and are ready to start up at the time of filing.
4. FINRA Interviews the Applicant
All applicants for membership are required to attend a Membership Interview conducted by FINRA staff.Membership interviews provide an opportunity for applicants to demonstrate how they meet the Standards for Admission to operate a prospective member firm. The focus of FINRA staff inquiries and the majority of discussions during the interview will typically relate to an applicant’s ability to meet the Standards for Admission set forth in NASD Rule 1014.
5. FINRA Issues a Decision
In issuing its decision, FINRA considers the application, the membership interview and other information, as well as the protection of investors. FINRA then will decide whether membership is granted, granted with restrictions or denied, and a decision letter then is issued. Decisions restricting or denying an application can be appealed. For applications that are granted, or granted with restrictions, accompanying the decision letter is a membership agreement, which the firm has 25 days to review and execute.
The membership agreement is a document which outlines the framework within which the firm can operate. The applicant’s membership approval is contingent on an executed membership agreement with FINRA. The agreement also certifies that the applicant will comply with various securities rules and regulations. Applicants must sign and return the Membership Agreement via Firm Gateway to the MAP examiner. You do not need to send a paper copy.
Market cap now just $2.7M. Nobody selling because it's simply a waiting game for FINRA and the bet across the board is GIFA will show to be worth a little bit more than $2.7M. One day, one week or even one month from now, GIFA will show up on FINRA's daily list and those bets will pay off and most of the float is being held for that day.
I did try and contact GIFA today in both English and Turkish asking if they have filed anything with FINRA. Not expecting an answer but there is always a chance
Anyone crying here did not know what they bought, or understood what the next step would be or how long it could take. Nor do they know how to play the game and load down here before the next step, which, when it comes, brings with itself some legitimacy.
Let's pretend we live in a perfect world and we use known dates as the template to simplify things. NVSOS comes out OCT 17th. Let's say, in our perfect world, GIFA had the application already complete and applies to FINRA on that date. (If I get any of this wrong, anybody feel free to correct me).
After receiving the application, FINRA has 30 days to review and reply to the company. At that stage (where it's possible, but not probable, we are now), FINRA can approve the application or request more information. If they request more information, once the company submit's said information, FINRA has another 30 days to review it. In the event the application is approved, I believe the company has to meet with FINRA as a final step in the process.
So it's my understanding, if everything happened as soon as it was possible, we are only now entering the window of where GIFA could appear on the daily list. Maybe there is a plane leaving Turkey right now for a meeting. Probably not. Most likely not. But it's possible. From here on out, it's possible.
If this is what we think it is, today's or tomorrow's price doesn't mean squat, unless you're looking for more shares.
We saw how fast this moved just when people thought they had a timeline of when we'd hear from GIFA. Imagine what happens when we do hear from GIFA.
All that e-mail did was pinpoint a time, which was this week. Regardless if that e-mail was real or not, GIFA is still coming in here and will file and PR. That can come at any point in time, including this week. They did not take over the shell for nothing.
Back to a 5.4M market cap. GIFA is going to unveil themselves and everything points to them being worth just a bit more than that.
OS is 160M and it's $4 for NASDAQ
read:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135950215&txt2find=rs
Think about this: They say they are going to NASDAQ and they did not RS the stock when they reduced the AS. That means this is a company worth over $650M.
Most of the buys coming in tomorrow will be held for the releases by GIFA. Float will almost completely disappear by eod, imo
The tradable float is not 61M. Millions are currently being held by people both here and outside of IHUB. At best, I'd put the float at 20-30M.
Wild ride coming tomorrow. All but the best flippers are going to get owned because everybody wants shares to hold and a lot of us have been accumulating for weeks
#1 BOB.
Forward looking event :)
#6 on the BOB and climbing fast
It's going to be a long weekend till Monday around here, lol
FRFS. Better read this and do your DD
https://twitter.com/Big_Pennies/status/926472592894124032
Cue the Jeopardy music ~~~
A company quietly filed with NVSOS. That is all that has happened here. How is that a scam? LOL!
I bought in today and I'm already up :)
Tell us why you would either buy or sell based on what anonymous people think? Ultimately, the buy and sell button is the responsibility of each person based on their own DD and opinions
I put an order in at the ask and was filled at the bid earlier. Making it look like people selling
I can give you an opinion right here and I'm sure everybody has a different one. I agree with CJ that candle tails cover a gap. I also believe that given the opportunity of lower volume, MMs are happy to bring the price back down to really cover the gap between candle bodies and fill in that trading range and cover anything they had to short on that fast run up. I believe it makes a stronger chart and a stronger stock. So, the question is are we ready to run? Might be. I do believe this is a good area to take a starter for sure. Save some cash in case it drops further.
I suggest you look at the chart. The entire float traded twice above .035 a few days ago. Today it went from 03 to 02 on 3 million shares.
A quarter of the float is probably owned by those posting to this board already
They didn't file with NVSOS for a lark. I was happy to grab a few in the .023's today. Every little bit is going to count here. I tend to believe this post below, and when they say it's all coming, I interpret that as it's all in motion. Imo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=135649421
3,800 reads the past 24 hours. Shows how many people sitting on shares waiting for the curtain to lift
Well, in this case I could argue against that too, but my time spent on message boards is at an end for the weekend. I will leave you to your search for improbabilities.
So you propose, the middleman between Kisa and Shetty told them to lower the AS, leaving them only room for at best a few hundred k of dilution after the price dropped from where it was because of it, because some would read the filing and run the price up, but forgot to tell them to PR it?
If you reach any farther, you're going to fall off your couch.