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GRHI(.08)...upcoming exposure for Loot8/GRHI......
GRHI is currently seeking some financing (as per CEO Marcus Daley in his February 29 Starlight Capital presentation). So obviously some additional risk exists here until the terms/conditions of any financing are revealed. I am still holding my full GRHI position and looking for a more solid/sustained push over that 10-cent level at some point (fingers crossed). Activity at the company appears to be ramping up. Loot8 should be coming out of beta testing probably this month or early April. Once this round of financing is completed, and the app emerges from beta testing, I am semi-expecting to see a noticeable increase in news flow and media exposure as more universities/institutions/commercial clients become involved with Loot8.
Co-founder Scott Page is scheduled to appear and represent Loot8 on a Spaces tomorrow (March 11). Praise (a crypto token) is arranging the Spaces, featuring key opinion leaders and startups in the crypto/Web3 industry.......
https://twitter.com/praisetoken
CEO Marcus Daley's Starlight Capital presentation on February 29, begins around the 40:30 mark.......
ECGR(.17)...institutional investment, anti-toxic financing clause......
Added to my position yesterday with some blocks around 16 cents, following the release of an amended 8-K. Most of my previous purchases were made around 10 cents. There is some risk that the consultant might receive significantly more shares over the next year and the company will likely need additional financing, but overall I think the risk/reward continues to look fairly interesting to me. The artificial intelligence sector should continue to produce some decent gains. I've been very pleased so far with my investment in GLAI (formerly WSCO), and I think ECGR has a chance to do quite well.
Depending on exactly how I want to look at it, I figure ECGR has roughly 3-4M legacy shares. Given the sector and the relatively tight share structure here, a minimum $1.5M legacy share valuation seems completely reasonable to me. So I will be disappointed if I walk away from ECGR with anything less than 40-50 cents per share.
A couple of things I found noteworthy in the amended filing.......
1) It appears that a large institutional investor (Ionic Ventures) purchased 2M shares in the financing at 5 cents.
2) In the original filing there is a clause that prohibits ECGR from using any type of floorless financing until all of the debt owed to the consultant is paid off. If you scroll all the way to the bottom of yesterday's amended 8-K, there is a pretty interesting modification to the debt agreement between ECGR and the consultant (Coral Investment Partners -- Erik Nelson). That modification actually goes one step further and extends the ban on toxic financing for as long as Coral has ownership of any ECGR shares.......
UMFGD/RTGC...added prior to reverse split.......
FWFW(.083)...potentially interesting development......
Increased my position in FWFW at sub-30 cent prices in early February. It might be worth monitoring this stock a little more closely from this point forward. Since early January I have noticed a pretty interesting development going on with Flywheel Financial Strategy (which is either directly or indirectly the parent company of FWFW). I don't know to what extent (if any) that FWFW will be involved in this development. But if there is any significant involvement, and given how difficult it can be to accumulate shares of this stock, it would not be surprising at all to see a pretty nice move higher in FWFW.
I have been monitoring the social media posts of CEO Roy Tang (Tang Siu Fung) for quite awhile. In early January 2024 on his Instagram account he started posting some things that immediately caught my attention. Flywheel Financial and Astra (also known as Guangzhou Xinglun Safety Industrial Co., Ltd) were forming a new company involved in artificial intelligence, commercial and industrial robots, 3D printing, etc. This kind of perked my interest because Astra happens to be in some areas of business similar to what FWFW is currently involved in. The name of the new company is Fastra Global Holdings Limited. Every indication from his posts suggested they believe Fastra is going to be well-positioned to become a large/influential company in the areas of AI/robotics with sights on a Nasdaq listing. In one of the posts he mentioned that Steven Hoffman (well-known venture investor and CEO of Founders Space) was involved in some way. I found out a couple of days ago that Hoffman is a co-founder of this new company.
Flywheel Financial and Astra held a celebration event on January 20. Interesting to note that two days before this event FWFW filed an 8-K announcing that Lu Yeqin has been appointed Chief Technology Officer of FWFW. Lu Yeqin is the Founder/CEO of Astra, and apparently he is now also the CEO of Fastra Global, according to this Roy Tang Instagram post below from a couple of days ago. Steven Hoffman is in the center of the picture, with Lu Yegin on the left and Roy Tang on the right.......
Fastra Global was one of the presenting companies at the The Microcap Conference held in New Jersey a couple of weeks ago. The person doing the presentation was Priscilla Cheng (Cheng Sin Yi). Priscilla also happens to be the secretary/treasurer of FWFW. I am not aware of any video or material available from the presentation, but this promotional material has the most information about the company that I have seen so far. It looks like they are planning to release at least two robots in Q1 2024.....
https://www.themicrocapnewsletter.com/fastra-global-holdings-limited-advanced-robotics-for-industrial-needs/
Steven Hoffman's LinkedIn post about Fastra from a couple of days ago.....
Again, as I mentioned above I don't know to what extent (if any) that FWFW will be involved in any of this. Some possible scenarios from best to worst: Fastra might go public through FWFW, or FWFW might enter into some type of distribution deal with Fastra, or FWFW plays no role in this whatsoever and eventually Fastra does an IPO on one of the exchanges here in the United States or Asia. So invest accordingly. Despite the uncertainty regarding FWFW's direction moving forward, I find the overall risk/reward pretty interesting, which is why I increased my position.
Roy Tang Instagram: https://www.instagram.com/gshfwceort/
Roy Tang LinkedIn: https://www.linkedin.com/in/roy-tang-with-ninety-percentage-plus-hit-rate-stock-picked-go-up-a8a12a176/
Priscilla Cheng LinkedIn: https://www.linkedin.com/in/priscilla-cheng-562b741b2/
Steven Hoffman LinkedIn: https://www.linkedin.com/in/captainhoff/
FWFW website: https://fwat.com.hk/about-us/
TCRI(.25)...some interesting things in that 8-K.......
QGSI(.048)...debt settlement, revenue growth......
I picked up some sub-5 cent shares of QGSI today. Historically, QGSI has had some nice tradeable moves from this price area, and I am looking to see if history repeats itself. There is potentially considerable risk here because the company has been trying to raise $2M over the last couple of months or so. Depending on the terms/conditions of that capital raise this 5-cent price level could turn out to look pretty attractive or pretty bad. I'm crossing my fingers that it will not be some type of toxic financing. My guess/hunch is that the financing might get priced somewhere in that 5-10 cent price area, so I am willing to take a chance here and bought some shares.
The most recent comment about the financing was in the early December press release........
MSAH(.075)...Boyue Medical RM, risk/reward stills looks attractive.......
Although the reverse merger target and structural details of the merger have not been officially announced yet, I still think the risk/reward on the MSAH shell looks pretty attractive at these sub-dime levels. Following the 7M share cancellation, the legacy share count will be around 6.9M shares. I am still anticipating that MSAH will see prices of 25 cents or higher (a legacy share valuation around $1.75M). After David Duarte (Tailored Tickers) announced the change in control around mid-December, the stock had what I think was a relatively small pop upward (less than a $1M legacy valuation), and has completely retraced those gains.
The reverse merger target is likely to be Boyue Medical Technology, which is a company involved in the light medical beauty industry in China (things like cosmetics, non-invasive anti-aging procedures, a beauty clinic chain/franchise, etc). The company has artificial intelligence technology that utilizes digital humans for 24x7 live e-commerce broadcasting.
The CEO (Liu Yue) appears to have had a very successful career in the beauty industry in China, has won numerous awards and is well-respected. She does have a hairdo that I find distracting, though. Not sure why but every time I run across her picture on the website, I find her appearance somewhat startling......
I don't know what type of revenue the company is generating, or whether they intend to include any of the 1 or 2 companies that appear to be affiliated with Boyue. The "development path" timeline that can be found on the homepage of Boyue Medical says an affiliated company had more than 100 beauty clinics open in 2012 and revenues of 360M in 2015 (not sure if that revenue number is US dollars or renminbi). The website news item (from probably 2021/2022) about the artificial intelligence tech does make this statement: We predict that the application of Boyue AI digital human in the beauty industry will generate a total market value of 48 million to 200 million in 2024.
http://www.byqingyimei.com/
UMFG(.0058)...Ridder Trader reverse merger, 1:30 RS.......
I've accumulated some shares of the UMFG shell under the .005 level. This shell/RM has not received a lot of attention. Most investors are probably turned off by the pending 1:30 reverse split and preferred shares that are convertible into 2.2B shares. Despite those risks, I'm a little bit intrigued by the potential on this play. The reverse merger target is Ridder Trading Group -- an artificial intelligence, fintech and brokerage firm with headquarters in Malaysia.
https://riddertrader.com/
The biggest problem I have in analyzing UMFG is trying to determine what number I should use for the legacy share count (either 30.5M or 200.5M). Legacy share valuation is, in my opinion, a pretty effective numbers-based analysis approach for use on shells and reverse mergers. By limiting my buys to that .005 level, I believe I have done a reasonable job of mitigating some of the risk if the legacy share count turns out to be the higher number. If it does turn out the legacy share number is 30.5M, then I have been buying this shell below a $150K legacy share valuation. I think it is completely reasonable to have a legacy share target valuation of at least $1.5-2M on this shell/RM.
Below are two articles related to Ridder's acquisition of the UMFG shell. The first article was particularly interesting to me because the verbiage states that Ridder "fully acquired" and had "full control" of the shell. My primary "concern" on UMFG is whether that information is accurate, or whether the preferred shares and that 170M newly-issued share block are actually owned by some type of intermediary not directly connected to Ridder. I tried to get confirmation that Ridder itself owned the preferred shares and the 170M shares that were issued, but the consultant on the shell never responded to questions I had. Excerpt from the first article.......
QMEI...CEO's presentation, raising $100M, etc.......
The CEO made an appearance on a ZOOM call on December 15 and provided a presentation and information that is certainly a bit eyebrow raising. Let me preface this by saying that I don't fully understand everything he was talking about. I think most people who watch this presentation (and the entire call) are probably going to have the same level of confusion as I do on some aspects of the information he was providing. But I think it is safe to say that if some of the items he talks about materialize then calendar 2024 is shaping up to be potentially extremely interesting for QMEI.
A few of the items that caught my attention......
1) QMEI is looking to raise $100M at a $6 share valuation. When talking about the capital raise, pricing, structure, etc, he makes mention of discussions with the CFO, the company's legal team, and a "US investment bank". He presented a slide with a breakdown of what they intend to spend the money on.......
2) There is a capitalization table that shows the pre-offer and post-offer share structure. It is radically different from what we see in the QMEI filings and OTC Markets profile information. So I'm not sure if the share structure information we have been getting is just inaccurate or if there is an obvious explanation that I am just not recognizing right now........
3) There is a moment in the presentation when he says "when we open trade on the NASDAQ", and he says something about an "international qualified CEO". It almost seems to me that he might be planning to step aside from his CEO position prior to the uplisting.
4) As of mid-December Quantum Metal was in a total of 13 countries. In November the CEO attended the JCI World Congress in Switzerland where he met with representatives from at least 30 countries. Apparently the partnership or connections QMEI formed with the JCI has opened the door to a potentially extremely rapid expansion. The CEO says the company is expecting to be in 50 countries before the end of 2024.
5) When he talked about QMEI making a large investment and basically taking control of Besra Gold, he also noted that QMEI is in negotiations with a listed Canadian mining company. He said an announcement regarding this would be made "soon".
The CEO begins speaking around the 39:35 mark of this video........
WSCO(.50)...website active, AI holding/incubator company......
GRHI(.0121)...added recently, expecting RM developments......
QMEI...jewelry stores, pharmacy, Nasdaq, etc......
TCRI(.051)...website, directors from Phoenix......
Mark954...haven't noticed anything new on TCRI/Phoenix......
GRHI(.02)...Loot8 RM is expected soon.......
I've accumulated a position in the GRHI shell in the 1-2 cent range. Added a nice amount yesterday at 2 cents. The timing for entry/accumulation looks somewhat optimal to me right now since the reverse merger with Loot8 is expected to occur sometime in the month of November.
The usual shell/RM risks apply here (final terms/structure of the deal is unknown at the moment, any reverse split, etc.), but this price range looks reasonably interesting to me. If I use about 32M as the legacy share count, shares have been available for purchase at a roughly $320-640K legacy share valuation in that 1-2 cent price range. If the merger gets structured decently, I think there is a good chance for some pretty nice upside.
Everytime I look at GRHI/Loot8 I get a little bit of a YCRM/PickleJar kind of vibe to it. Obviously there are major differences between the two (PickleJar is a far more mature/diverse business), but if YCRM can reach a legacy share valuation over $6M I don't think it is unreasonable to think that GRHI might have a decent chance at reaching a $2M legacy share valuation (over 6 cents per share). I am semi-expecting there to be some news flow or investor awareness activity from management following the merger completion (based on some MOU activity that Loot8 entered into during October).
The two primary people involved in the creation/development of Loot8 (Marcus Daley and Scott Page) are comfortable in front of cameras talking about the various businesses/products each has been involved in over the years. Scott Page in particular has never met a camera/microphone that he doesn't like. If you ever watch/listen to any of the interviews he does related to Loot8, the interviewer can ask a question and Scott will talk non-stop for 10 minutes if you don't interrupt him.
A couple of days ago another video interview was released featuring Scott Page talking about Loot8 (see below). This interview was filmed around the first week of October. During this interview he talks about GRHI CEO and control block owner Marcus Daley, mentions that they and 20 engineers have been working on this company/app for about 2 years, the Loot8 app will go into full launch phase in 4-6 weeks (which would be any time now here in the month of November), confirms that Loot8 is going public via a reverse merger, and also mentions they will be heavily involved in the NIL space in sports (Name, Image, and Likeness).
This was posted on the Loot8 LinkedIn account a couple of weeks ago........
WSCO(.40)...name change to Global AI, Inc......
I picked up some shares of WSCO today (3.5K at 25 cents), following the 8-K that was issued a couple of days ago. As the new name suggests, this will probably be an artificial intelligence play. I'm guessing they might either acquire/rollup some operating AI companies, or perhaps this will be some type of AI investment holding company. Given how tight the available trading shares are at the moment and the apparent industry it will be involved in, WSCO could have some pretty explosive moves. Almost seems like a no brainer investment at these kinds of prices.
DikFritz...FINRA's policy toward 15-12G filers......
MSAH/INNI...Tailored Tickers shells......
MSAH(.047)...added to my position......
QMEI(.70)...first jewellery store opened this week......
It is disappointing that QMEI is not maintaining its OTC filing obligations, or at the very least keeping its retail shareholders informed of the company plans. Everything I have seen so far (CEO comments, and comments/info I have seen on social media from others associated with the company), highly suggests that Quantum Metal expects to do an IPO in 2024. Although I am about 90% or so sure that QMEI intends to be listed on the Nasdaq next year, the lack of company concern/attention toward its OTC listing does leave some level of uncertainty which is not helpful in the kind of market environment we have now. I will probably just continue holding my position and possibly add if there is any significant weakness.
Starting around June 2023 I first noticed that people on social media were mentioning that Quantum Metal had plans to open some jewellery stores. Those plans appear to be well underway now. The first store had its soft opening this week in a Malaysian mall. You can find a number of people on TikTok or Facebook mentioning the store opening, with photos/videos.
One particularly interesting comment I noticed is from Thomas Tan Lye Hock. If you scroll through his Facebook account, you will see that he attends quite a few Quantum Metal related events, including trade shows the company has attended recently. One of his posts on October 21 about the jewellery store opening has this very interesting statement:
TCRI(.036)...large company buying 10% of Phoenix.....
AFDG(.055)...selling pressure seems to have decreased......
STSN(.014)...popped up a little bit......
PIHG(.301)...increased corporate and social media activity......
10.2M shares outstanding
75K unrestricted
Currently own a little under 15K shares in PIHG. I don't particularly care for the way that CEO Simon Littlewood has handled his other company (TNPH). Obviously a number/variety of risks here with PIHG, but there are some encouraging signs that Simon might handle PIHG a little better. This company is certainly more important to Simon from an overall financial/business/brand standpoint, and there are quite a few influential people/companies becoming associated with PIHG, so I have some optimism about the prospects for this investment. Fingers crossed.
Worth noting: There has been a noticeable uptick in activity at PIHG in the last week or two. Website has been updated to include partners/advisors. More frequent postings on its social media accounts, including this presentation.....
https://www.linkedin.com/posts/pihg_pihg-intro-activity-7105585769104171008-nimk?utm_source=share&utm_medium=member_desktop
KPEA...Q4 revenue guidance shows sharp increase......
Possible signs of an improving situation at KPEA following the pandemic-related decline in revenue last year. Revenue had been looking pretty good with KPEA putting up quarters of $2-4+M before some of the more draconian shutdown measures were implemented. Revenue guidance for 2023 Q4 (as disclosed in the Q3 report) is a minimum of $1.5M. None of the last 4 quarters have shown revenue over $650K, so this is a noticeable improvement.
Also, perhaps worth noting, over the last couple of months or so the company and Ant Cloud Medical Internet Hospital have been increasing their cooperative efforts. This teaming with Ant Cloud would basically transform some of KPEA's physical locations/stores into things partially resembling medical centers (diagnostic/treatment equipment). The first batch of KPEA employees underwent training around the middle of August.
http://www.kp-china.com/lists/26.html
HLTT...yesterday's 8-K presents two interesting scenarios......
Mark954...Phoenix IPO possibility is very interesting......
Traderfan...QMEI late filings, $4 share price expectation......
TCRI...M2, Bill Qian interview is interesting.....
AFDG...added to position...entry timing was terrible......
AFDG...expected to own 4.8% of post-merger VCXA......
I bought 100K shares of AFDG at 2 cents a couple of weeks ago. AFDG shares some management with and is an advisor to privately-held African Agriculture Inc. African Agriculture is primarily involved in alfalfa production in Africa and the company is planning to go public via the VCXA SPAC possibly this year. As per the information that can be found in the AFDG and/or VCXA filings, if this deal is completed AFDG will receive a $300K bonus payment and 2.7M shares of VCXA.
Some influential people/firms with big money are involved here, so I think there is a good chance this merger will get completed. Risk/reward around that 2-cent level seemed reasonably good to me. I figure at a minimum I should have a decent chance at getting a double or triple on my shares. And there is always that chance of seeing a pretty wild move up. The relationship between AFDG, African Agriculture, and VCXA seems to be pretty much off the radar screens of most OTC investors right now.
zenvesting...thanks for the info on BGLC.....
BGLC...still no additional activity in my account......
TCRI(.056)...no additional info, still attractive......
zenvesting...BGLC reverse split and round up......
LFEV ($1, Harley-Davidson), HLTT(.073, expert market).....
LFEV: I'm really not sure why LFEV is taking so long to complete this deal with Life Electric Vehicles. Changes were made to the original deal. Instead of a full reverse merger involving a large number of common stock it looks like they have decided to take a smaller equity stake in the company using preferred stock. The stock has popped back up to around the $1 area this week, so maybe the stage is being set for a possible nice spike or some sustained momentum.
It doesn't appear widely known among retail investors yet, but one of the companies that LFEV has contracted to acquire is Serial 1. This is the electric bike company that was spun off from Harley-Davidson in October 2020. Over the last couple of months or so Serial 1 and the connection to LFEV has been appearing in some NASCAR/racing related press releases.
BGLC...playing the round up feature......
I bought 1 share of BGLC in two of my accounts ahead of the anticipated 1:12 reverse split and Nasdaq uplisting. The S-1/A filed on July 5 included a round up feature that was not in the previous amended filing back in May. Assuming this S-1/A gets declared effective (or that round up feature survives any future amendments), the risk/reward playing the round up looks pretty good to me.
If things go according to the plan, I should be getting a total of 200 shares of the post-split shares for basically just the cost of 2 commissions. Not sure when the shares will become available in my brokerage accounts so I might not be able to take full advantage of any immediate run/spike following the uplisting, but my cost basis on my position should end up being well below 9 cents per share. So that minimizes the risk substantially and provides the opportunity for a pretty nice return on my investment if BGLC experiences the kinds of runs/spikes that other Asian-based stocks have enjoyed.
Traderfan...OTC Markets is definitely frustrating now......
Traderfan...change in control, legacy share valuation......
MSAH...control block...HLTT...added to position......
$INNI now Pink. Finally!$MAYX discharge granted by the courts.$MSAH restricted shares issued to our CEO but will move together with the control Pref A upon a COC.
— Tailored Tickers (@TailoredTickers) May 4, 2023