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Five days left in Q1, no filings.
If there are no filings by end of day on Monday we can pretty much say goodbye to a Q1 uplist - shares would have to be registered 24 hours prior to sale.
The registered trading names still don't match either, DE SOS is 'Univec Conglomerate, Inc' whereas the OTC still has 'Univec, Inc'.
Absolutely, could not agree more.
There has been elevated levels of shorting since Covid due to all that free cash, but nothing on the scale we have seen in the last 4-6 weeks.
They have managed to pretty much destroy good stocks in the OTC, to such a degree that even hardened pink players have limited their plays and purchases - I know I have.
Are they using this to recover losses?
I believe it's a combination of the two: tons of free money on hand due to a reduced SLR, and then using that money to recover massive losses from the Game debacle.
They know their time is limited, and are pushing hard before the restrictions are reenacted.
Big changes on the 31st March.
After the onset of Covid, the government relaxed the capital requirements for banks and hedge funds to shore up the financial system, this essentially gave them access to hundreds of millions of dollars of free money - which they have been using to short the hell out of the market.
The Fed recently stated that they will be restoring the capital requirements to regular levels on the 31st March.
The banking industry had lobbied hard for an extension of the relief but it was refused, the Fed maintaining the markets are under minimal threat and have stabilized.
So hopefully - without all this free money sloshing around in their depositories - some semblance of normality will return to the market next week.
Fingers crossed.
https://www.crainsnewyork.com/finance/fed-end-covid-capital-break-it-gave-wall-street-banks
https://abcnews.go.com/US/wireStory/fed-end-relaxed-capital-requirements-large-banks-76556379
New Bentley's don't come cheap.
Sadly, dead info is common in the OTC.
Hopefully, once the new SEC regulations are in place it will restrict the bad actors to a some degree, and make the OTC a little more bona fide.
All the best.
As Surf said, they are no longer involved.
This MAY have been legitimate at one point, but has not been legitimate for years. The recent action was a deliberate and pump and dump by an orchestrated group, which is why it was halted.
The main players Ray-J and Mr. Beyonce disappeared a long time ago. 10B authorized, almost 5B float, no filings, dark non-reporting and now Caveat Emptor. No deals were ever completed, and there is no way of even contacting the company - phone is not operational and even the TA doesn't respond to enquiries.
Only hope for this stock would be a custodianship, but even that is doubtful due to the large float and time constraints in place in terms of the upcoming changes in SEC regs.
Wish you all the best.
Even the SEC think it's a scam.
Which is why it was halted and dropped to the greys.
At this point, that's all the DD you need.
Six days left in Q1, no filings.
Yesterdays paint jobs at the end of the day didn't cut it, nearly dropped into the 05's this morning.
Is this what stocks normally do just before they magically uplist to the NASDAQ?
I follow the SEC too.
Full disclosure - I'm not about to uplist a company either.
New website online in 30 days.
Was that a fraudulent comment?
It came from the CEO, but never happened.
Perhaps.
No filings for over 10 years.
Is that a fraudulent comment?
No.
Down 50% in less than a month.
Is that a fraudulent comment?
No.
Way more sells than buys again.
Same as yesterday, and continuing its downtrend.
Looks like people don't believe the Q1 uplist is imminent - I just didn't expect to see people selling quite so early.
If Doc isn't uplisting within the week he should let the investors know, otherwise this will get very ugly.
That's an editorial, doesn't count.
You can pretty much supply whatever content you want to be featured in an editorial, especially when it's authored by his son-in-law!
If you have a link from whoever it was who actually issued the award or photos of the event, I'd appreciate it.
Only thing I found was a Twitter link.
Which was no longer active.
As we know, anyone can post anything on Twitter - just strange that no record can be found anywhere on the web or in the national archives.
Docs 'Medal of Freedom' mentioned again.
Anyone ever find a link to anything which might prove that he was a recipient of such an award?
In the past I have spent MANY hours looking and couldn't find anything - I've been through the National Archives, the White House archives, the archives of each presidential library in recent history, the newsgroup archives etc etc.
Some sources quote it was a 'Senatorial Medal of Freedom', so I also searched the archives of the Senate, couldn't even find mention of such an award even existing in recent times. Also searched the Congressional Gold Medal archives just in case, and the National Black Caucus of State Legislators.
In each instance, nothing found.
You'd think that with such a prestigious award there would be some kind of record for it - a press release or photo op are fairly standard for such noteworthy events.
And now it's reversed.
As you said 'without filings or news' - and that is the problem, without filings or news this is prime for manipulation and large price fluctuations as the movement is completely based on speculation, or 'dots' as you like to term them.
Been here for years, I want the same as you - but due to the number of times things have been promised and not delivered, I have become far more objective. We are in the 11th year since this went dark.
Still no filings.
Seeing that slow decline right now.
As I said in my post 'if actual news or filings or don't materialize by end of the quarter the price may well retrace'.
Well, we retraced from that high of 0.165 to around 10 cents.
Not seen any filings as yet.
You think the SP has crapped now?
Stock price has been steadily trending down for the last 3 weeks.
Imagine what it'll do if the speculated uplist doesn't happen by the end of the first quarter...
We'll find out in a week or so...
At this point his only possible option to meet the touted Q1 timeframe is a direct listing.
My money is on a Dalton Tweet before end of Q1 with yet another inexplicable and unforeseen delay.
Really isn't a question of that.
Doc still has to comply with the rules and regulations - the OTC / SEC / NASDAQ don't hand out free passes.
I know no more about the operations of UNVC than you, but I do understand the majority of the processes and legalities involved in uplisting.
I am going on rules and regulations.
Not personal opinion.
I politely disagree, doesn't work that way.
Perhaps you can show me a single stock that has gone from dark non-reporting DIRECTLY to NASDAQ? I'll wait.
I agree, it doesn't matter how it gets there, but there are processes and legal regulations that have to be followed and complied with - what I'm stating is that it is impossible for UNVC in its current guise to appear on the NASDAQ within the purported timeframe.
If that's the case it won't be Q1.
You cannot go from dark non-reporting OTC to NASDAQ, period.
First, he would have to officially update the name to Univec Conglomerate with the OTC / SEC, to match the updated name with the DE SOS. Then he would have to lift the dark status and get current by filing a Form 10 and an 8K, along with 2 years of audited financials, and also appoint a Verified Transfer Agent. This would take time and public filings would be required.
Once current he could apply for an uplist - but Univec would still have to meet the various NASDAQ requirements in terms of overall number of shareholders, assets held and minimum share price. This process - if the prerequisites are met - takes on average 45 days.
UNVC does not currently meet these requirements.
And you do not 'simply' do an uplist.
Been stating this for some time.
It's the only way Doc could make the Q1 timeframe.
As I said earlier, if UNVC were doing a traditional uplist he would have had to have filed by now in order to meet the first quarter deadline. He hasn't, it won't.
I did a pretty extensive post on the Direct Listing option back in August / September last year.
If UNVC was doing a regular uplist
Doc would have had to have filed by now in order to meet the Q1 deadline, it's as simple as that.
Can pretty much guarantee that at some point next week we'll get a Tweet along the lines of partner delay / regulatory delay / accountancy delay - but it will also infer untold pending riches to those who wait. Rinse and repeat.
At this rate, by the time he actually gets this done - or should I say 'if' he gets this done - the pandemic will already be over.
For a 'Type A' personality, he certainly moves at a glacial pace.
One down, still many to go...
One guy may well have instigated the scam, but he wasn't alone in his efforts... he obviously suckered a bunch of unwary and unsophisticated investors - but you can also guarantee there were a number of players who were in cahouts, who were actively posting on the ARCS board, and were fully aware of exactly what was going on.
I can't imagine in a million years that they ever believed it would get the traction it did, it got completely out of control and by that stage there was nothing they could do to shut it down - they had created a monster.
Going to be a few people jumping out of their skin every time their doorbell rings in the next month or two.
I'd happily take ANY official filing.
If only to establish that UNVC really is a legitimate company, and actually doing something for their investors.
10 years dark is a very long time.
I looked into this a while ago.
Due to the relative novelty of Direct Listings and their inherent flexibility, it's difficult to establish the actual process with 100% certainty.
I was told that a Registration Statement with 15 day period is only necessary IF the company is also using the listing to raise capital and intends to promote the stock or issue a prospectus prior to trading. If the Direct Listing is not being used to raise capital, apparently this step can be omitted.
The new issuer would still have to file an Registration Statement in order for the stock to trade, but nobody I spoke to could definitively confirm when, or how many days prior to open trading it would have to be filed.
It wouldn't be a traditional uplist.
It would have to be a 'new' Direct Listing onto the NASDAQ under the Univec Conglomerate Inc name (as per DE-SOS) and the 'old' company would effectively be absorbed into the new entity, along with any other companies as part of the conglomerate. If it was the route Doc was going it might explain why the 'Univec Inc' name has not been updated in the OTC.
Regardless, I think the possibility is incredibly slim - but perhaps not as slim as a traditional uplist - they don't qualify, are dark and non-reporting - and simply don't have time to complete the steps required within Q1.
I agree - but have serious doubts.
There have been so MANY deadlines touted and NONE of them have come to ANYTHING - it's been going on for YEARS.
April 1st will come and go, the price will plunge, and the hardcore faithful will just move onto the next target date along with the perpetual chorus of 'Docs got this' etc etc.
Perhaps if they spent a little of the time currently used trying to 'connect dots', and instead found out how the legalities and regulations of an uplist actually works, they would stop setting deadlines which ultimately hurt the stock price.
Traditional uplist this month - impossible.
Filing a regular 8K won't do it. In order to lift the 'dark' status and once again enable the Exchange Act reporting requirements, a company must file a Form 10 registration statement and include two years of audited financials. This would have to be filed in tandem with an 8K, the combined filing also known as a 'Super-8K'.
Univec would have to 'get current' prior to any application for uplist, and at the moment doesn't even have a Verified Transfer Agent.
The only slim possibility is Direct Listing - as there would be no need to get the existing UNVC current and reporting. This might also explain why 'Conglomerate Inc' has not been officially added to the existing ticker.
If it does uplist they'll be no regrets from me, still holding many shares.
Dark non-reporting to NASDAQ in two weeks?
I have a bridge you might be interested in.
Filing a regular 8K won't do it. In order to lift the 'dark' status and once again enable the Exchange Act reporting requirements, a company must file a Form 10 registration statement and include two years of audited financials. This would have to be filed in tandem with an 8K, the combined filing also known as a 'Super-8K'.
Univec would have to 'get current' prior to any application for uplist, and at the moment doesn't even have a Verified Transfer Agent.
Shareholder, but that concerns me.
But as it's been addressed perhaps you can guide me to where I can find the relevant info?
Books show $50+ million in accrued salaries?
The Company has accrued for salaries due to four officers of the company that are accruing monthly interest with an annual interest rate of 33.16%. The balance as of December 31, 2020 including accrued interest totaled $50,369,614
That is serious interest rate, and a serious liability for future growth.
This fact alone raises many questions...
As soon as a 'dark' but publicly traded company exceeds 500 shareholders or the share issuer's total assets exceed $10 million, all SEC reporting obligations are automatically reinstated and the company must become fully reporting.
The recent postings showing State Annual Report filings for Univec and Wellness RX also raise questions: these are so simple to file and inexpensive to process - why were they delinquent in the first place?
These are standard annual business filings.
I own three companies and have to submit reports every year for each of them - along with fees, of course.
As such, I wouldn't read too much into it.
Was Dalton at the White House meeting?
Can't find any news of him attending, just wanted to check.
Dark non-reporting to NASDAQ in 3 weeks?
Very very doubtful indeed.
You do not just 'magically' appear on the NASDAQ, there are many legal and required procedural steps which must be undertaken, regardless of how you are approaching the uplist - and that's IF the company meets all of the requirements for an uplist in terms of financials / corporate governance / share price.
At the moment UNVC is dark, shares are trading around 10 cents and it doesn't even have a verified Transfer Agent!
The number of investors who believe they will wake up, log in to their accounts, and see UNVC miraculously appear on a big board amazes me. It doesn't work like that.