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They authorized 9b new shares in the filing, specifically to swap out the over issued shares. They wont be cancelling any of the over issued in that regard because its covered. Its not an opinion, its in the filing. A share swap. Again, the float could still be much much lower.
Thanks. You forgot to add that the over issued shares would be swapped out with the new shares.
Refer to my previous post.
According to my source the over issued shares will be swapped out for new legitimate shares. There will be no share cancellation, what that means for the float I have no idea.
Not Lazar.
Not off topic at all. Helpful info for Lazar people.
Also, if youre someone selling at a loss for tax purposes or to offset gains know that you cannot rebuy the same security within 30 days. If you do rebuy you cannot use current losses for 2020 tax purposes. Wash Sale Rule.
MVXM up for custodianship.
CRGE, my money maker. I remember well. I dont trust any of them. They did a RS on EENX, forgetting what the SS was, but it was super low. I want to say less than 30m O/S and 8mil float.
Then again none of it matters if you get your core out and some profit before new company takes over.
GLTY
Dont think so, but check with daman45 might be one from 15 years ago.
Right on the money dude.
I think they kept Lazar on to maintain all the filings. Drucker is a proven idiot, they need someone competent to handle the task.
No one else here is pumping Lazar tickers that he doesnt control anymore. There are dozens of them.
Speculation cuts both ways depending on how the information is processed. Its not always positive. What about when the speculation is blatantly false? What then? They can pump all they want on the XMET board with that false narrative. When it comes here, yeah, I will police it best I can to save some new guys cash. No one here has ever pumped a Lazar ticker. Lazar tickers need no pumping. It has always been about filings, facts and conversation. Until recently.
Have you seen the companies that have taken over Lazar tickers? Neither have the shareholders. Youre telling me that you would want Lazars name to be in with the likes of Drucker and Lee? Really? Do you even know who those two are? He's not them. He's legit and does well for most the people who play him. There hasnt been a post lazar %1000 sustained runner yet.
Very true, we are all waiting for the good stuff, some longer than others.
You dont have to agree with me just as I dont have to agree with you. Take a minute and see my perspective as I have tried to see yours.
GLTY
I dont agree in this instance. True with P&D, this isnt one.
People that dont have to wake up in the am to go to work, stay home and trade typically have real money.
Guys I know lose 70k in a day and get mad, I would have to mortgage my house. Real money.
Believe it or not some people trade the OTC like the big boys do blue chips, and do very very well. Guys out there making 100K a month.
Just like Vegas, it takes money to make money.
You keep your shares, but then unless its something awesome, youre pretty much screwed.
Never know, XMET might be the best ever. Might be the first Lazar to Chinese company to communicate with share holders.
Its speculation based on experience, with red in my portfolio to prove it. Red from Lazar tickers that I did very well on.
Weird that nobody calls out Noob on the 8bil shares he keeps bringing up and nobody wants to talk about the 9b A/S from the 10-Q that effectively moots his point.
So what are the shares for from the 10-Q being used for if not being used to cover company liability from the over issuance of the 8b shares by former management?
LOL dude. We all have one of those. I took my worthless securities from long ago to offset some gains.
Me too. 1100% on my freebies.
Hopefully January answers a lot of questions.
The 9b from the 10-Q is to cover the "illegal" shares. No reason for a buyback or cancellation.
15k:1 RS is very unreasonable but the Chinese companies have taken shells with great share structures and RS them. I also base that number on a Lazar ticker that had a 2b O/S and did a 3000:1 RS
I still have lots of free shares from my .0001 entry, unfortunately I think lots of people who got in after .0010 on the run up to .0028 might not be riding free or may even be red. Know of 1 who bought at .0018.
I know all of us at some point were bag holders on one thing or another. It would be a shame for some unsuspecting trader to be a bag holder on a Lazar ticker and think his tickers are crap. 90% of the time I do my own trades and find my own companies, the other 10% is Lazar, and its been nothing but green from him.
I do think this should have another run left in it. Dont load on the way up.
All I know is what is in the filings.
9b is the A/S - From 10-Q
https://imgur.com/a/X6ZN9az
The 100m preferred are not part of the current share structure.
Problem is the price struggles to pop after a RS, interest fades. Its mostly all bad. Typically death by thousand cuts unless the incoming company is magical and takes the old shareholders serious by keeping them informed of plans/events. I have yet to see a Chinese company do this.
The point having truthful information flow is so new people arent duped into thinking this can get to .25 from here. Risking everything on bad DD. Granted, its the OTC and stranger things have happened, best to be riding free shares just in case.
Some people here are almost as deranged as the ones from the LAHO board.
I think 10k:1 is reasonable, but might be closer to 15K:1 . The key for the new company is making legacys moot and having a decent SS. The right number for that is dependent on them and their needs.
Can you at least pretend to keep up here? Read the filings dude. Lots of circle talk.
Let me guess, youre not averaged in around .0001-.0004? Poor guy.
Well, if 8b were illegally issued then you can probably guess that 8b are free trading since they have now made illegal shares legal. Float somewhere around 8b would be my guess.
Looks like they are valid to me.
https://imgur.com/a/X6ZN9az
I dont think the illegal shares are an issue anymore. Problem seems rectified based on the 10-Q.
No share buyback, no cancellation of shares. It does not say that in the 10-Q or the 8-K but it also doesnt say there will be a share buyback or share cancellation.
Read the filings like Noob said.
Must wait 30 days to rebuy to avoid problems.
This is all I found regarding illegal shares. 9B authorized to cover the illegal ones issued. From the 10-Q that Noob told everyone to read.
https://imgur.com/a/X6ZN9az
Agreed. Im waiting at the bottom to catch cheapies.
Nevermind. Found it. 9 billion A/S . Thanks to those who tried to answer my question.
So what do we know about the SS? A/S? O/S?
You probably missed the 2 bid sitters raising their bid by one tick trying to out do one another. They both started at .0102 now theyre both at .011.
LOL @them
LOL @bid sitters.
Semantics.
It would be nice to see the new tickers for former Lazar custodians posted. My fear is, and I have said it before, is that this board becomes like all the rest of iHub. Full of pumps and calls from .0002 to $1 by next week for no good reason. You know what I mean, its everywhere on this site. Maybe I shouldnt care so much, but I was here when this board started and it was nice, still is.
Of all the Lazar tickers I have held only one is green after merger. The reds were all free shares so im not too bugged about it.
Typically for Lazar I scale in, scale out at a minimum of 200% then leave a few free runners behind to see what it does. The way I see it if the company is legit and does legit things I can always buy back into a core position if the DD supports it without having to worry about a RS or lack of interest from the new company.
Only once have I scaled out then bought back into the new company.