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after watching this for a few weeks...
the current vol/pps action sure looks like normal, garden variety dilution...
but before everyone freaks out... it may not be horrible in this case; they need cash to begin feeding the Camping World distribution agreement.
this is the exact design of a public company... sell shares to create cash to use for business expansion...
the dilution is not crippling... its not fun... but if the cash generation is used for this expansion to fulfill the CW contract, then eventually, it will become revenue and charge the pps back up to fair values...
unless of course the bottling plant is being sold... and Jim Diprima is actually involved... then its just a pump and dump, lol... fun times here!!!
just my two cents...
HG>
+1 ... great article.
i sure hope they are right... i cant argue the logic, lol.
good to know...
these two items are interesting...
- SS updated
- Already applied to uplist to NASDAQ
do you have info on the updated SS?? thought the T/A had a gag?? this is great info if you can publish an accurate number here...
and... uplist to NAS seems to be getting a little ahead of the party... not sure they have the fortitude to pull this off anytime soon.... are you SURE they have 'applied'??
amongst other things, NAS requires: (i don't think we are quite there yet--but if you have an ACCURATE SS and audited fins--we can certainly calculate the current value to see...)
Stockholders’ Equity
$5 million
Market Value of Publicly Held Shares
$15 million, excluding any “Restricted Securities.”
https://www.lexology.com/library/detail.aspx?g=e825a79f-9c13-4fa5-ba1b-6d71cd23b475
at least the paint is a pretty color...
i want to dump this, lol... but... the story is the SAME story as before the run to 04...
no nasty, lying management team... no bloated share structure... its just a gorgeous and clean looking shell that is on the market to the next OTC warrior... they will screw it all up for sure in the future... but for now... there isn't anything to run away from--short of the fact that there is literally NOTHING to trade it on!!!
new management has no reason to walk into the shell and R/S... its a 66mm share float...they will certainly blow out the OS pretty quickly... but there isn't an owner yet... and technically, they will want to drive the pps up front to get solid value out of whatever share swap/consultants fee agreements that are created to start the first big promo run...
such a funny bird; this one.
odd irony...
all of the action seems to have pulled out the stock and been redirected here on the chat board...
fun, i suppose, i enjoy a spirited jaw fest, but if possible, lets direct all the heat back at the ask and drive THAT to the boiling point...
hg>
makes two of us...
still; the story is the same... looks like a clean little shell with a tiny float that has just been sitting idle.
and then...somebody just woke it up last week.... but now wants it dead again? why???
they look to be parking the pps around the penny mark...
maybe there is one big rip before it gets sucked into the OTC abyss??
WOW.... did shorty get stuck here???? or is this organic on the upcoming filings....
geezo!!
right place right time... thank you SirPeter
HG>
thanks for this!!!!
currently on a rip!
HG>
agreed... just doesnt really seem like any real selling pressure through out the day... there were a few low volume runs, but always against pretty solid looking support in the L2 stacks...
the thing sure moves on air... if there is any real interest, its off to the races...!!!
any bets on a morning shake??? say into the 014 area?? clear some short positions and then hard run back to the top of the chart??... based on today, ill gladly take a 100k at 014
ill say it again... best little play in the otc right now. no P&D... just an organic dart board, lol. keep chugging Warrior Girl... keep chugging indeed.
they got close... better looking paint than a 100 share poke, lol.
5 minutes to go... run this up to HOD, put it in park and lets do it again tomorrow....
now serving... 025...
maybe i have the wrong of this, but as i understand...
the benefit of the custodian (for the shell anyway) is that the custo has a duty to clean up the shell, reset the share structure as best as they can, and then it can be marketed for a new board without a bunch of dead weight or open convertibles, etc...
i don't disagree that the previous CEO would want to fight to retain the shell, but, if she isn't planning on cleaning it up--or is just keeping it for the sake of not losing it to the custo... then the shell is effectively a dead stick and quagmired by the same junk that killed it off originally...
hence the custo play and the reason folks get excited when custodians take over the shells... nobody knows what the future holds, but it generally involves a clean slate and structure...
maybe the reinstatement has meaning... in this case though, it seems more a defense mechanism of the previous ceo more than a sign that she is ready to raise it from the dead...
JMHO...
time tells all stories.
hg>
im in... someone hit the button.
eerie... in a horror flick, this is about the time someone takes a machete to the skull...
funny little bird then...
maybe the most honest ticker in the OTC, lol...
guess ill grab some darts for the morning and see if i can hit the board...
at least its not quagmired by lying CEO's and mythical press releases.
thanks Retiredtech.
im guessing a nevada shell then?... (i havent dug in to its sec history)
is there a custodian?
trying to wrap my head around this...
so... this is just an empty low float shell without any stated direction??
and value is basically somehow tied to an assumed 66mm share float and shorty gets involved simply to sell it and cover hoping that nobody wants to buy it, as there is no real business here???
the only info i find is that the CEO was nailed with fraud some number of years ago...
is there a custodian in place?? or still an abandon shell??
i must have a glitch... the ibox presents with a number of boxes that wont load...
been following this shell for years... started with c.ross and a merry band of stock selling minions--they were boosting styrofoam cups encrusted with beer salt and hemp water... then aquired by TK to merge with a THC infused anal lube product... then it was lithium mining... then it was hypercars i believe...
who owns the shell these days?? those are some hefty predictions based on whence the ticker came... what is the new shell owners plan to generate the growth referenced; what are they selling now??
HG>
their actual plan is working like a charm.... ive been saying this since 2015...
peter and enzo are selling stock and making money... its the same thing they've done time and time again--for decades now...
agreed that the BUSINESS plan/execution is horrible... but that was NEVER the point for peter and enzo... their past is proof. they don't run businesses--they run share selling scams. and they make a good living doing it... frond F in Dubai aint a cheap place to live...
sell stock. live lavish lifestyles on the dime of those silly american traders... despite the warnings from a number of folks, their plan is STILL working. lol...
find some key words in the following and start googling... jmj and lg may be fully liquidated by now... i haven't looked at the fins in a while... but the PPS ripped into double ought pretty hard and failed the 005 without a thought, the chart is now a disaster... trips are soon. peter and enzo are done here.
the below is still relative (though the destruction of shareholder exquity numbers have changed slightly):
Peter Smith is a bad dude...
He and Malcom Stockdale (who was found guilty of the Digital Dolphin scam) started Belgravia Intervest (over a decade ago).. that became a series of reverse mergers through out the years; Master Trust, Master Finance Europe, Tally-Ho, Premier wealth management... GEQU is the basically the same deal... they create convertibles--take cash in from third partys who in turn dump GEQU shares onto unsuspecting *investors*.... look at JMJ and LG in the fins... they are the 'funders' at this point in my opinion... there are also more convertibles sitting on gequ's financials that become open later this year and into next year--thats on top of a CRAP load of new issuance to JBJ and LG.
further, check out GEP's history... they are a subsid of Global inc... for example... one of the first deals that i looked at from back in 2010 was a stock for services transaction with a company called M1Lux. Turns out M1 was an unlicensed business in europe selling stock... shortly after the GEP/M1 deal, M1 went to no bid as gep dumped their allotments from the deal.... looking further, M1 was part of a boiler room op that included M1Lux, Tag Capitol, AA Capitol (also Peter Smith) Saracen Capitol, and a mining co called Tajuk--run by Tom Wilmot who went to jail over that scam. it is now called GB Global Mining that includes a guy by the name Peter Steiner(who sounds a great deal like peter smith based on the BIO--but that is nothing more than my supposition). the promoters there now are Jeff and Janette Stone, lol.) all of those unlicensed companies used (and GB STILL uses) the same address in switzerland: 44 Chamerstrausse, Hunenberg 6631. the other players were gary potter, Don hutchison, and tom nichols...
I spent a number of hours chasing Peter Smith across europe.... his fingerprints touch a lot of scams... many private companies that are difficult to pin down. He has quite a history of destroying shareholder equity-- $4.5mm or so in gequ so far... its in the fins.
but he does put the money he steals to use... best i can tell he has a nice place on Frond F of The Palm in Dubai.
There is plenty more crap in his background if you care to dig further...
many here suggest that history is unimportant (while touting peter's 2.2b past management--which, imo is self proclaimed--i cant find it) and to look only at recent history, lol... like somehow that was then and this is now... good luck with that. and the recent fins are crap anyway.
Always do your own DD... but the above names and references will provide a solid springboard.
HG>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=123321351
seriously?
its the part where it seems its application is actually IN the butt...
im all for a good time, but perhaps i am just a teensy-weensy bit more moderate...
and (or rather, but); who am i to say whats wrong? if some company can monetize getting stoned by way of your arsehole, then good on them...
the ad goes something like...
'hey jack, you wanna get high?'
'awww, jim; i wanted to have anal sex first....'
'well then jack, WE are in luck!-- check this stuff out.... two birds, the same stone, AND.... its condom safe!!!'
jack got the $ex; jim got high; and the condom didn't break. i love it when a plan comes together.
well at least everyone seems to agree that tom kim's big passion doesn't involve anal lube.
seems a relief.
i mean... that would be just a little more weird than pretty much anything ive ever heard of. not that butt paste cant be a passion--just that publicly EXPOSING that fact to your investor base--i mean--, we should be able to agree that, that would be pretty weird...
creams maybe... but definitely MJ (THC)
according to the website, the condom safe anal lube WILL tune you up a bit:
yep. nothing.
no physical addy listed on the website -- and no immediate way to order the product... they sure make it pretty tough to buy the stuff ... 300k in revs over the last 7 months... is there really that much demand for pot cream that doesnt get you stoned and butt goo that does?
i don't get any hits on the ceo having done anything previous, nor can i associate any particular andria williams with canna shea 420 or health and wellness 420
ZERO social media presence on twitter, facebook, instagram, youtube
these guys are more dark than ngcg is....
the top hit for any search involving canna shea 420 in the string, is the press release itself, lol.
no worries... i'll bet there's a PR coming soon that will put a pretty red bow on the uncertainty.
HG.
beer salt to anal paste....
certainly there is irony somewhere in that.
love this ticker... you cant make this stuff up.
hg.
yes...
interesting though, that the INITIAL discourse by Kim was focused on outright Lithium mining...
it wasn't until AFTER many posters openly laughed at the idea of ground mining lithium and then a single poster mentioned that perhaps he meant URBAN mining, that this new adoption was made to the 'about' paragraph....
if Kim meant Urban mining when he made his announcement, why not emphasize that in the PR that explained the new company direction?? he even makes note that: IN PARTICULAR lithium mining..... he doesn't say: in particular, URBAN mining..... the distinction is material. Again; it was AFTER the suggestion was made here, that the urban moniker was added.
either way, it suggests to me, that the guy has zero understanding of the industry... he cant even get the vernacular correct when he announces to investors the mega-shift in the company focus???
and lithium mining???
there is a reason that in the current climate of EV's and other high capacity electric storage, that lithium production has not become an overnight boon both to itself, or to the mega-mining companies around the world...
it is exceptionally expensive and vastly complicated as far as mining goes. there are only a handful of geographic locations that have known reserves (most notably in south america) but even then, finding actual concentrations that are economically viable is difficult. refinement is complicated and highly technical.
for those thinking this new mining venture will grant a return on the losses taken by the previous beer salt venture... well... you may be right--but it will be YEARS before any substantial return can even be hoped for.
http://www.visualcapitalist.com/a-cost-comparison-lithium-brine-vs-hard-rock-exploration/
http://web.mit.edu/12.000/www/m2016/finalwebsite/solutions/greenrefining.html
http://www.nanalyze.com/2015/08/dont-invest-in-lithium-mining-companies/
any single phase of lithium mining will take years on its own and require millions upon millions in capital.
the barriers for entry at this point have prevented successful operations. this is perhaps why 90% of all production is remanded by 3 large mining conglomerates.
while i agree there is excitement in the space... the experts themselves cant seem to monetize the commodity in any efficient or consistent way at this time.
i suppose the argument then, is that: someone is going to get it done--they have to...so why not TK??? ...but... logic again interferes.
When the lithium space is delineated by folks hired out of MIT, im not sure putting my money behind a somewhat successful clothing line salesman is, in any way, a prudent financial decision.
HG.
The 'company' was never designed to have potential... there was never an intention to deliver on any promise.
its sole and utter focus was to create just enough reality to dupe investors into handing over money to the principles. just another share selling scheme.
iglow has been meticulous in outlining the exact mechanisms that were used from the very beginning. he has produced the documents that were used and the players that were and still are using them.
I don't pay PACER and thus don't have access to the legal side. I browse the free web for my DD. This scam was patently obvious from the start even without access to the legal documentation.
what IS sad, is that potential and active investors alike, refuse to accept logic as a tool for making sound decisions about their money.
it is the fundamental basis for which shills and scammers both--all across this industr-- rely upon to maximize THEIR gains (your losses). they steal from investors in the same way a simple street thief steals your wallet. they give you just enough, to believe in the distraction long enough, to take everything you own.
ive said it many times...
eyes wide shut will wound you. pride will take the rest if you let it.
audited... yes... who is the auditor again?
yep... despite those pesky delays (that are always beyond the company's control) the end of the rainbow is just around the corner... next week... next month; SOON!!
the NEXT company event WILL be the catalyst, regardless of the fact that the LAST one was supposed to be....
hehe.
times and places for everything...
this ticker is well enough orchestrated that a rip will most likely come.
i agree that vol is puny... almost surprisingly so; i thought they would be able to hold more interest, but in the end... they suck and havent been able to dazzle enough new 'investors' (thats the real reason behind the company 'delays') ... smart money saw through Peter and Enzo on this deal at the beginning. Real money guys understand that, once a scammer, always a scammer.
sooooo..... when the time is right, and the 'rip' comes, vol will accelerate, pps will move up (but not as much as it should given the incoming 'buyers') and then stall...and then crash. and then the party is over. the longboarders will wait, and wait, and eventually discuss class action suits on their private forums and back channel emails...
but the set-up has to have enough build-up to move a hundred million (or more) shares. like i said, so far they have sucked at that. whoever is behind this has so far failed to build enough of a real base to launch the event from. so, here it sits... waiting.
actually...
the better place to go, would be the attorney discussions on HOW exemptions to rule 144 work and can be circumvented.... the SEC page makes it seem so cut and dry...but as with ANY rule of governance, rules are open to interpretations--hence the reason we have a court system.
look specifically for conversations as they pertain to 4a1 (issuers), 4a1-1/2 (shells and issuance) and 4a2 (affiliates)
is it really that shocking that OTC companies (even 1934 companies!) scream RULE144!!! and somehow STILL manage to dump millions or billions of shares onto the unsuspecting?? (sure, sure--certainly, thats not happening here,<rolleyes>)
good scams always manage to hide behind rule 144, yet, there is always a constant leak of shares hitting the market as evidenced by 'good companies and great news' not being able to move the pps dial somehow.... funny that consistency here in the OTC, no?
rule 144 is NOT the end all, be all of selling restrictions that is ALWAYS touted. good scams navigate these waters all the time.
as ive stated before, these guys ARE good... I give them credit for finding the way through 144--and it is most likely by using an interpretation of some, all or a combo of 4a1, 4a1 1/2 and 4a2 exemptions.
Nothing ventured, nothing gained!
well... we do actually agree on something...! how about that....
see im not such a bad guy.
but the truth is a hard pill to swallow... i get that; i understand why im not liked here; but im just a messenger delivering the information that is out there. fwiw.
cheers to fast cars, faster women and great decisions. careful with that kool-aid though... its tasty going down, but stings like a venereal disease coming back out...
glty
ROFLMAO...well then... there you have it.
remain calm. everybody is safe. you'll all make millions.
just keep hanging tight... just next week now; ... follow the carrot with out question... certainly the drivers here will bring the investors to the pot of gold.
will there be bacon wrapped finger foods at the after party?
yep, bizarre to me that, even in light of the facts of past transgressions, these fraudsters continually recycle the same scam and new investors ACTIVELY look past the previous carnage. but, when a new sucker is born everyday... why reinvent the wheel??--go with what has proven to work.
"hey guys... up here..... follow the big shiny ball... nope, hey,... don't worry about the past and the truth of it down there.... here; up HERE!! thats it ... follow the shiny ball.... it will make you rich!; trust us: RICH. "
ive acknowledged that they are good at what they do...
want some light reading on enzo?
http://www.eco-investments.net/about.html
no need for the welcome... ive been here since july/aug of 2015.
the below is still relative (though the destruction of shareholder exquity numbers have changed slightly):
Peter Smith is a bad dude...
He and Malcom Stockdale (who was found guilty of the Digital Dolphin scam) started Belgravia Intervest (over a decade ago).. that became a series of reverse mergers through out the years; Master Trust, Master Finance Europe, Tally-Ho, Premier wealth management... GEQU is the basically the same deal... they create convertibles--take cash in from third partys who in turn dump GEQU shares onto unsuspecting *investors*.... look at JMJ and LG in the fins... they are the 'funders' at this point in my opinion... there are also more convertibles sitting on gequ's financials that become open later this year and into next year--thats on top of a CRAP load of new issuance to JBJ and LG.
further, check out GEP's history... they are a subsid of Global inc... for example... one of the first deals that i looked at from back in 2010 was a stock for services transaction with a company called M1Lux. Turns out M1 was an unlicensed business in europe selling stock... shortly after the GEP/M1 deal, M1 went to no bid as gep dumped their allotments from the deal.... looking further, M1 was part of a boiler room op that included M1Lux, Tag Capitol, AA Capitol (also Peter Smith) Saracen Capitol, and a mining co called Tajuk--run by Tom Wilmot who went to jail over that scam. it is now called GB Global Mining that includes a guy by the name Peter Steiner(who sounds a great deal like peter smith based on the BIO--but that is nothing more than my supposition). the promoters there now are Jeff and Janette Stone, lol.) all of those unlicensed companies used (and GB STILL uses) the same address in switzerland: 44 Chamerstrausse, Hunenberg 6631. the other players were gary potter, Don hutchison, and tom nichols...
I spent a number of hours chasing Peter Smith across europe.... his fingerprints touch a lot of scams... many private companies that are difficult to pin down. He has quite a history of destroying shareholder equity-- $4.5mm or so in gequ so far... its in the fins.
but he does put the money he steals to use... best i can tell he has a nice place on Frond F of The Palm in Dubai.
There is plenty more crap in his background if you care to dig further...
many here suggest that history is unimportant (while touting peter's 2.2b past management--which, imo is self proclaimed--i cant find it) and to look only at recent history, lol... like somehow that was then and this is now... good luck with that. and the recent fins are crap anyway.
Always do your own DD... but the above names and references will provide a solid springboard.
HG>
this isnt Peter or enzo's first rodeo...
the simple answer is that the whole thing is more or less the same fraud that they have run for nearly two decades now(why change up a great thing?). Like any GOOD fraud, there are some kernels of real business intertwined, but when it comes to real money income, its mostly a fantasy.
the 'pipeline' is a rouse... but you cant hide the income that the ruse provides in an SEC reporting company... so, all of the meat gets hidden in GEP... and then GEP simply reports that it converted all these share for equity deals (nothing really--they don't actually exist) into value (which was created out of thin air on a spreadsheet) ... and that value is passed to GEQU in a line item on the financials--in turn, the GEQU entity reports 'value' and ostensibly, the PPS goes up and GEQU can market its O/S to the public. thats where the money is made.
so, GEP is integral... without it, they would actually have to explain in detail how these swaps (that don't really exist) equated to actual CASH....
for the sake of argument, however; lets say GEP is funded on one of these transactions (you wont know the specifics of the transaction b/c GEP is private) and they get $1 million dollars net cash as a result... GEP keeps $800k--b/c they can,no one will know, (peter and enzo split 400k) and 200k is reported as the windfall to GEQU-- shareholders rejoice!! (GEP didn't report the other 800k so the shareholders don't know they got ripped off)... now... peter and enzo get another 70% of the $200k and 30% gets dripped down to GEQU equity...
not really a wast of time....
no forgetting....
GEQU is Nevada registered as a public company... and as of there 'uplist' is now under SEC governance.
to continue as a going PUBLICALLY TRADED concern, in order to continue selling shares, they must be able explain their financials.
to sum up my long winded post, this move with GEP allows exceptional freedom and significantly LESS depth with regard to how GEQU reports revenue.
as a shareholder, this *should* be of great concern as it allows for a greater shroud on how income was derived.