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They could have dumped already many millions of shares with the previous SS.
The current RS totally does not make any sense. The float was already tiny with lots of room for dilution (if they were aiming for that), now it's microscopic.
No clue what they want with this shell.
Go short with all of your life savings if you dare!!
Don't complain afterwards that you need to go to the soup kitchen.
How is .90 pre split a bloodbath compared with your .55 warning??
Did you hold your chart upside down by accident?!
I am in Europe, so no US broker.
Seems everything is working here, I can buy and sell the new ticker if I want to.
Every broker has its own time path to process these corporate actions.
My broker has the pre-split price, but the post-split amount of my shares in my wallet.
I am filthy rich, lol...
Of course waiting for full processing of the split, it will correct later.
Or it will end up just like the Chip Ganassi fiasco.
Did Ed pay those bills already?
Heartbreaking that my portfolio shows +4400%. Should have listened to gals like you!
Curious to know why that one independent board member left and if he will be replaced.
There are too many key things not developing here, getting fins out is just simple pay your auditor and that's it. Not a real operational achievement. Especially that part is lacking severely.
Ouch..
This is getting reverse split vibes all over it if he still wants to move to a higher exchance (if ever). I am dropping my idea to buy back in trips. Too risky. Except for periodical paperwork to stay listed, hardly anything is achieved since the Segi app was first introduced. Not even the Canadian ban lifted if I understand well.
Edward paid for broadcasting events, instead of making money of it. Sounds like the wrong business plan.
Multimillions in direct liabilities without any revenues. Ugly.
Also this:
Note 12 – Subsequent Events
In 2022, the Company incurred significant liabilities by engaging in a license agreement for content. One agreement with a sports service company obligated the company to $2,500,000 in licensing fees.
Adding more to the liabilities, of which they are still in default for multimillions with the failed Chip Ganassi deal they couldn't pay. With no revenues, how they ever gonna pay that?
Why should he before merger, at bottom prices?
It's practically all buys I see, no obvious dilution.
OS is quite hefty accounting for a huge volume now, but since market cap is still very low this should only go up from here when some follow-up on this merger is known.
PR would be nice to reach the broader public.
10-bagger for not even a market cap of 20Mio USD...
There are many scams valued much, much higher. At least this seems to be a real company merging in.
So as per current filing it's now merging with bowmo, an AI-based Human Capital company it seems.
https://bowmo.com/who-we-are/
I lost track for a while here, did we get any signs already about this company coming in already and does it have any value? Not so much factual info I could find on this one, other than their own website. They are in business for several years, but difficult to see how successful they are.
One day they will stop trading, multiply all shares X3 and then continue with PPS divided by 3 (at least bidxask is likely to start first at 1/3 of previousworth). It is not that you have to qualify for anything or something.
Theoretically it's just cutting your part of the pie in 3 pieces, instead of the one you own. You don't win anything with this initially. It's all about expectations what might happen after this is done. PPS might to some extent trend back to previous prices before the split. The higher liquidity might attract more buyers which could boost PPS. Also this might be the start of new developments to come, so news could come quickly after the FS has been done. All speculation, but not an unlikely scenario.
If you own shares at the split date, your shares will automatically be converted and you can probably not trade them for one or a few days until everything is processed. If you don't own shares at the split date, there is obviously nothing to split.
Here is the description OTC Markets gives for the Grace Period, icon has been added to the SEGI page recently, but I don't know since when.
Don't forget the proposed additional 78M share cancellation.
I had some vague memory about that one indeed.
I'll be probably buying back my position in trips again. Perhaps.
If it's not Expert Market by then.
The drop below a penny was inevitable given the lack of real developments here.
Audited fins once, yeah ok. But that does not bring any revenues. A diversity movie app during the BLM hype without decent follow-up, so it's lost its momentum already.
What will be Ed's next trick, a SEGI coin? Or did he try that already. Already lost track on all his company direction changes.
This is from their site:
Nope, that sums it up pretty well
I am also curious as to what might happen here eventually. They did not take the shell for nothing I would think. Worth a small gamble, although there is still a huge pile of restricted stock, while the float is crazy low at this time. For me the announced RS also made no sense under current circumstances, there is already no liquidity here.
Of course, it's not like a dividend with an EX date.
At one point in time ALL shares will be restructured (multiplied by 3). Whoever owns shares at that moment will have 3x the amount. As a result, the stock price will likely continue trading with a PPS divided by 3 at the same time. Initially there is no advantage or disadvantage, just owning a bigger share of the pie if AS remains the same.
The advantage comes partially due to possible psychological effects when share price could tend to creep back towards the PPS from before the FS and second because of the higher liquidity that might attract more buyers and could reduce the spread between bid and ask.
But all this is a wait and see theory.
Some interesting read on the background of the old share structure and history of GOFF:
https://promotionstocksecrets.com/and-the-next-awesomepennystocks-pick-is-goff-corp-goff/
I guess that should be 2022
Here is the correct Flywheel company:
https://flywheelfs.com/
You can see CEO Tang Siu Fung (who signs the PGLO docs) is on the board members page, as well as other names you could find in PGLO's filings:
https://flywheelfs.com/index.php/our-team-full-team/tang-siu-fung-roy/
That day already passed about a year ago, lol.
What float increase? Hardly anything changed in SS since the shell was sold and became HBIE. Please state facts.
HBIE SECURITY DETAILS
Share Structure
Market Cap
346,824,898 10/14/2021
Authorized Shares
2,000,000,000 10/14/2021
Outstanding Shares
1,238,660,350 10/14/2021
Restricted
1,237,845,550 10/14/2021
Unrestricted
814,800 10/14/2021
Held at DTC
219,200 10/14/2021
Float
219,200 07/09/2021
https://www.otcmarkets.com/stock/HBIE/security
It hit 0.94 in May, so that was pretty close enough.
But really, why not put your efforts in scams that are really moving with millions in daily dollar volume, instead of pulling a dead horse where nothing happens.....
People know there is no volume. People know the bid is at 0.28 with a huge spread to ask, people know AS might be a concern IF the company would decide to dilute - which did not happen so far. So what is new? Nothing! Some people have a few lottery tickets here due to the insane low float (yes, still!). Who cares.
Until now the new owners of the shell do not have any track record of being a scam, so they deserve the benefit of the doubt. Yes that also means waiting for who knows how long until something will happen here (either positive or negative). Who cannot wait should sell or not even have bought at all here. Bashing as stock with literally no volume feels... pretty useless.
Would be glad to borrow your crystal ball for a day.
You should make money as a fortune teller.
We have a market cap of $5692 now, lol.
As long as the new owners do not have a bad track record as scammers I'll take my chances here with this insane low float. Just some lottery tickets. Will see what happens. And yes I have time to wait. They will not have bought the shell to do absolutely nothing with it forever. Time will tell. There are worse odds on the market.
Nope, he did not do anything with his other tickers that were still non reporting. Seems he only acts when he finds a buyer for one of them.
Who is dumping shares without a bid. How dumb.
Which attorney letter? Last one filed is from 2019.
But then who is buying these shares from the sellers if there are 'absolutely no buyers'? If your thesis is correct, we will see 0 volume days, nothing else.
Give it time, steps are taken. If it would have been possible to do it quicker, I am sure it would have happened.
This is a special cutoff date, no way this is going to be a long and tiresome process just as with greys. Don't forget, this rule was all initiated to stimulate reporting. If companies (finally) do, they should not have a heavy burden getting back on the exchanges.
Should have filed until June 30th to be sure of smooth continued listing, the date was not set just for fun. This run up to Sep 28th date was in fact quite useless. These filing would never be checked and approved in time to keep the stock from being moved to Expert Market.
What are the Key Dates for the Implementation of Rule 15c2-11?
We have asked companies to provide the required disclosure to OTC Markets by June 30th. This request was to ensure that our Issuer Compliance Team had sufficient time to confirm the availability of current information and update market status for a company’s securities prior to the rule’s compliance date on September 28th. We continue to process disclosure requests received after June 30th, however we may not be able to process all such applications prior to September 28th.
Under new Rule 15c2-11, Securities that do not meet the Rule’s current public disclosure requirements will be removed from Pink as of the September deadline.
Yup, seems like it. Would be interesting to see the full list of tickers moved there.
Honestly I don't think this will change much for Lazar. If he still intends to, he will file when the time is right and move it back current.
Not that most people could still buy it anyway already.
I also cannot buy anymore. But that is mainly brokers shutting down trading possibilities on lower ranked stocks. They don't care shell or not.