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Nothing "official" on OTC;
https://www.otcmarkets.com/stock/IGEX/profile
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Carvana Shares Crash As Creditors Form Pact Amid Soaring Bankruptcy Risks
https://www.zerohedge.com/markets/carvana-shares-crash-creditors-form-pact-bankruptcy-risks-explode
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I take a shot every day & just stack them on Fridays
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Clean shell story still the same just,
most just went to other plays for now yet,..
these clean shells are starting to become hard to come by.
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What's All of the Hubbub, Bub?
Have but don't use it.
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"As of September 30, 2022, the number of shares outstanding of our Common Stock was:
5,504,793,036
As of June 30, 2022, the number of shares outstanding of our Common Stock was: 5,504,793,036
As of March 31, 2022, the number of shares
outstanding of our Common Stock was:
5,324,793,036"
Still a clean RM play here.
OK, went a tad dormant on last fins YET,
still a clean play= read the fins,
play the volatility,...
this "shell" is SOooo very clean.
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Dude, you had no idea the deal didn't go through til the fins,..
that was the play here.
Still the same play,....just gonna take longer.
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Just buying time & nibblin' the dips
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I know yet,
the 1yr shows this to be solid support.
No heavy dumping for a year/solid support.
Just buying time,...and a few shares.
Cheers
For the folks new to Reverse Mergers; (thanks thesmallguy);
-ETEK is a shell, not a company. Meaning there is no business activity.
-Shells are corporate entities that once "housed" active companies that are no longer active (de-listed), so the "shell" still exists without an active company.
-They retain the share structure of the previous company (very important) but that can change before they become public.
-Reverse Mergering an active company into a "shell" is a faster and cheaper way for a company to "go public" than an IPO. Going pubic allows them to raise capital and be traded.
-When a company, or companies, wants a shell for the purposes of "RMing" an active company into it, they go through a court process to see who gains custodianship of said shell.
-ETEK went through the court process and was given custodianship in April 2020(actually. I am new here and don't know the name of the custodian. though from what I gather it was recently made known in a document, and Las Vegas is somehow key, this is poor DD on my part)
-The "investment" or "play" is that at some point, likely sooner than later here, it will be announced that an active company will take over the ticker ETEK.
-That new company could be big or small. The "bet" is on how big it is BUT also on the share structure and WHEN it is announced. (OTC players are infamous for their fickleness, but...I believe it is true that patience pays much much more than not.)
-I doubt if OTC markets is up to date, but they list the market capitalization TODAY as $426,960. Divide that by the closing price .0018 and you get a float (retail shares, us) at 237,000,000. Which is ridiculously low, I mean ridiculous, for a stock trading in sub pennies. I honestly don't believe that's even close to the current float.
-ALSO: Reverse Merger (RM) stocks are "ON TREND" at the moment. Meaning the is serious momentum with them. Definitely be careful, as always down here in the bowels, if you can't really afford to lose it, don't invest it.
thesmallguy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161719934
$ETEK is an empty shell, with no "business model".
Waiting for another company to move into it to become publicly traded without all the hassle of an IPO.
That is what we are all gambling on.
JaMoS9812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161710950
A reverse takeover, reverse merger, or reverse IPO is
the acquisition of a private company by an existing public company so that the private company can bypass the lengthy and
complex process of going public. Wikipedia
McSh00ter
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161717549
I hope peeps don't mind that I've consolidated a few posts into one.
Yet as Regan once said,
"I don't care where the info comes from or who gets credit,
as long as the info gets out."
Cheers
So broke the 19 support, slow daily drain now;
"we didn't go with the AI company because there were better companies making offers. I don't know in what universe that could possibly be bad news." Friday, October 29, 2021, .0037 close
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166568002
Perhaps should've just went with the AI.
I'm sure the longer 1yr holders around 35-42, low 50's will be glad to see a 100%+ run from here,....just to break even.
Any hints of these, "better companies making offers"???
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Thanks Mick,
1yr says due for a hit
20's-18 seem solid support.
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Sure you can
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The hipe was in the 80's last year.
I'll miss a run to 30-40 if need be now.
I need to see some meat on this bone now
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Jul 29 IGEX was in the 40's.
Hince why I started again a position
@ 20.
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Then perhaps Sergio needs to communicate more often,
or just once.
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Past 3 times it got this low,
we got a pop.
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Never mind,...too easy
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Funny, tapped tat 19yr old also
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Was thinking the same last week.
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