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OTC - Entrex/UNSS CE Approvals
I've been watching a bunch of CE stock -- all are complaining that OTC Markets is taking extra processing time.
If you recall OTC was originally the pink sheets publishing company. When they were bought a few years back they ended up taking all the companies that NYSE and NASDAQ delisted. Then they became an Broker Dealer and ultimately an ATS for public securities -- similar to the Entrex story for private companies in a loose comparison.
The challenge is the SEC rule changes has pushed enormous burden to OTC to manage all the delisted companies. Operationally that makes OTC a combination of SEC and EDGAR for FOUR TIMES the number of companies listed on NASDAQ and NYSE combined.
Therefore -- OTC with the new rule changes was the scapegoat of all the companies that the SEC couldn't manage pushed to a private company - good for them but resource constrained -- the COVID. A Perfect Storm for delays
ART securitization is hot.
Look at what Christies and Sotheby's are doing. Entrex offers a regulatory compliant solution for this sector.
I believe this could be a huge sector.
If you recall entrex avoided all the "Coin" noise and maintained the compliant market - the coin guys had to refund the monies or go to jail.
I speculate they are managing the NFT trades in regulatory compliant manner through regulated brokers.
Seems like they are more the aggregator of private product and letting other regulated parties place it. Same as their past.
These guys stick to their knitting
https://en.wikipedia.org/wiki/Non-fungible_token
Talked with Watkins
They have conversations with Museums for over 5 billion in art!
There focus is to be the "art aggregator" to then let them and others sell.
Same model they have proven -- different product.
Brilliant.
Art thing - this looks beautiful.
If they can catch on the Art securitization wave -- we could be in for a real ride!
http://entrexartmarket.com/
This ART - NFT article about Christies pulls this together.
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million
WTF? www.EntrexArtMarket.com
Just googled and found this. This could be huge based on the recent stuff going on with non fungible tokens.
New Marketing!
Saw this on the web-site and called Watkins - He says their whole marketing world is getting redone by Colin Turney and team. Apparently they have worked together in the past and were extremely successful.
Based on what I see here -- this is first class stuff they are doing.
Sounds like Web Site Updates are forthcoming. Complicated messages getting simplified:
http://tigrcub.entrex.us/entrex/EntrexNewsFAQs.NSF/0/8BC5A90068DAC584852586AF005ABB69/%24File/Entrex%20Carbon%20Market%20-%20Roper%20Island%20Offering%20Presentation.pdf?Open
Watkins Update coming!
I spoke to Watkins he said they expect to have one of his narrated updates out shortly -- probably by end of week.
As a caveat he did say it is more on business than on the CE updates which he says beyond daily follow-up calls no new info has been requested from OTC. It is out of his hands.
New Tweet - That is innovation - once again.
These guys are not asleep at the wheel. Seems like they are innovating and shaking up the "way it used to be done".
Long and Strong UNSS
Slick new marketing if you ask me (IMHO)
Stepped their marketing up 10 fold !!!!
You guys see the quality of the flyer? Looks to me like these guys are getting their act together.
http://tigrcub.entrex.us/entrex/EntrexNewsFAQs.NSF/0/8BC5A90068DAC584852586AF005ABB69/%24File/Entrex%20Roper%20Island%20Flyer%20-%20Final.pdf?Open
Interesting changes!
Seems to me it is half accurate with some OTC changes -- but Landrew is shown as CEO - Watkins President which is not correct per the 8Ks.
I understand from Watkins that he hired his old marketing team -- imagine they have a lot to do to and including the CE Removal.
PIPE for Oil seems like great idea compared to the other public entity and LOI
IMHO it was destined to fail based on the other company leadership. It was 10 years of non-reporting. How could they get anything accomplished?
Ten years is excessive even for an OTC company! We appear pretty patient but not sure Watkins, Rochon and the team tolerate much incompetence.
I see the PIPE as a scalable model moving forward and in their control.
Tweet: Investor Funds!
That sounds like a positive thing. I'm sure they need the working capital to execute!
"OTC nothing to gain"
I believe Watkins was suggesting that OTC has little to gain: Not that UNSS and/or Entrex have little to gain.
OTC is already trading shares therefore the CE removal has little economic effect for OTC trading fees.
Paul's Financials.
Keep in mind the 12/31 financials and share count are the beginning of Entrex in the public entity. (outside of the Oil and Gas Market and Carbon Market which I understand were joint ventures between Entrex and UNSS)
Therefore any "changes" become transactional threatening. Meaning if bad things show up (rarely are they positive) then Watkins will have to look to Paul to solve the problem. (usually additional shareholder dilution)
Therefore it is imperative that Entrex starts/UNSS ends (merges) with a solid financial starting point for both us and Entrex shareholders.
Watkins and OTC
He suggests the OTC is being finalized by UNSS/Landrew as one of the last things contractually. Once final the marketing team - same one he's used on his past gigs will take over and update.
All just a matter of time and money!
SEC and OTC are two unrelated filing entities
My experience has shown that a company reports what is needed to SEC.
Then if on the OTC market they have a whole other login and reporting process to file.
They are VERY separate as the SEC regulates the OTC (as in OTC Markets) as an Alternative Trading System:
"OTC Link® ATS is an Alternative Trading System for broker-dealer subscribers to provide investors with an electronic trading experience nearly identical to that of trading a security on a national stock exchange like NYSE or NASDAQ"
Series of Tweet Updates.
This Oil and Gas alone could value UNSS $345m
So I'm missing something:
According to this Raymond James Study the 23x P/E Multiple puts us at $345m.
https://www.raymondjames.com/-/media/rj/dotcom/files/corporations-and-institutions/investment-banking/industry-insight/fin_tech_monthly.pdf
And this is REAL revenues and EBITDA.
What is happening to the share price? All seems to be working as you'd expect?
CE
I'm not sure management has control on the 30 day timing for OTC to remove CE after UNSS filed all updates (I believe 18 days ago)
Last Watkins said is it is the OTC Markets 30 day clock -- all had been filed.
A waiting game which is coming up.
Early liquidators will miss the CE and Fins Pop!
IMHO they are stepping away from the dance as the music heats up.
This 8K looks like Capital for a Market!
That sounds like operating capital to me. That's a good thing.
Entrex African American Market
Love the "Majority Owned" and the $174,000,000 buy out price.
This could create a lot of noise for us!
Carbon and Oil and Gas Revenues
I understand UNSS will be showing the Q4 launch of Carbon and Oil and Gas revenues as previously announced. Not expecting much but "a" beginning is good.
Restricted shares.
I would expect UNSS shareholders to be outside their restriction in the merger. But the legal opinion would be needed to un-restrict with the transfer agent - usually the legal counsel would hesitate on CE stock until lifted in my experience.
"joe schmo just has "remove CE from UNSS" on his task list"
Unfortunately "joe" has no upside to approval/removal.
In the present regulatory world he only has downside risk and a potential job loss.
This is like regulatory hell.
If wrong and he approves a "bad" deal: he loses job.
If correct and he approves an ok deal: he keeps his job.
And we're playing in the space where all the Boca Raton, Las Vegas pump and dump guys play -- lots of bad characters.
And I'm not saying that at all about our UNSS team!!!!
So it becomes a losing proposition for 'joe' to be efficient. Better to stay the course for him and leave the CE out there without employment risk.
AND... 'joe' has no real economic motivation to rush on behalf of shareholders.
Just better to not make a decision while we wait anxiously.
REOS is Capital Not the Market.
REOS is like Fidelity is to NASDAQ.
They are doing this strategically not in a way to circumvent.
This is good!
Got an 8K notice on my cell. Anyone?
https://www.sec.gov/Archives/edgar/data/1434389/000143438921000007/0001434389-21-000007-index.htm
Stay Strong - these sellers are wimps
New: "Private Company Capital Access through Public Markets"
Brilliant idea -- takes someone that has been on boat public and private sides to figure this out.
If you look their is another short video on what they are doing. This is actually really helpful to understand the efficiency
Seems to me you could duplicate across sectors.
http://tigrcub.entrex.us/entrex/EntrexNewsFAQs.NSF/0/C66722157C6382C58525867F0056741D/%24File/02-17-2021%20-%20Press%20Release%20-%20Entrex%20launches%20Public%20Oil%20and%20Gas%20Production%20via%20Public%20Security.pdf?Open
CE removal Just moments away IMHO
I really think the team is doing what they say: why wouldn't they?
Everything they've committed to is taking place -- albeit slower than we'd like our portfolio to increase.
Kudo's to Paul Landrew for finding something that should work out for UNSS shareholders!
OTCMarkets
https://www.otcmarkets.com/stock/UNSS/overview
Still CE.. but appears more and more info is being updated.
Looks like a bunch of updates on OTCMkts.
Very good sign IMHO!
New Press this morning.
Looks like new company is partnering with the Carbon Market.
Dividends? Only thing I've heard are for Oil and Gas in the A1.
I scanned the A1 again. appears to the Oil and Gas security investors have quarterly dividends -- Entrex received a quarterly fee for distributions of dividends but not dividends to us as Entrex Investors.
Based on the 3-5 year plan -- I'd expect dividends a long way off.
IBM Case Study on Entrex Tech
Finally reviewed the Fin/Tech case-study.
What's interesting -- how many Fin-Tech companies have a case-study from IBM?!!!! Only one I could find! Watkins makes stuff happen.
Most companies just brag and have no 'real' external review -- this must be good stuff.
Not much on this Thomas Hatfield CTO - he must be a sleeping rock star!
One question - the case-study talks about he "opportunity zone market" haven't heard of that... recently???
Anyone?
Are you sure about ADOB?
I was under the impression the A1 registration filing for Carbon and the 8K for the Oil and Gas registration usurp the ADOB transaction.
Watkins?
What happens with $1m of EBITDA in Q1?
Was thinking; don't expect anything in 2020 from Entrex for UNSS Year end.
BUT what happens to the stock with even $1 million in Q1 of EBITDA?
Even $100,000 I believe could be $10 stock!
These guys could change our world!
Narrated Update web-location
http://tigrcub.entrex.us/entrex_Marketing_Videos.nsf/player.xsp?documentId=E7AD8C347801395C8525867900534A67
Found the above from the SEC PDF.
The press release seems to link to this.