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I only got 20k at .025... my .0031 are looking sweet and locked
Damn. Had to be in a meeting and missed them. I would have slapped .017 for 200K. Oh well.
Hope they drop it further, don’t have enough liquidity to take it out here.
To be seen. Do you think they would pay $210K for a shell without having a plan in place?
I had a thought here about filings not showing any assets. Just like in any merger I have seen before, don’t you think the company will announce the merger first, as being material change to the company, and then follow up with filings that incorporate new assets into the balance sheet. In the whole exchange world including OTC, I have never seen a merger being made known thru filings first.
LiiiCH is following the same pattern as TRDX. They just filed quarterly with no change . They paid $210K for their shell. Simply makes no sense to pay that money out without having a plan or company to merge into the shell. Same here.
Just my $.02 cents.
$TRDX
I believe they will announce the merger before any assets are added to filings.
Name one OTC Pink company that is not doubtful. I rather be in this where I know someone paid 150-200K for the shell (why would they if things are not lined up) than in one that posts news/fluff every week and dilutes the crap out of it.
Nothing has changed from day before yesterday besides Q1 filings that have. It revealed anything new, so I am not sure how 2 days ago it was promising and today is doubtful. GL
$TRDX
I just dipped it again... could not resist...
Expectations are not met at this time, but nothing has changed as far as ultimate goal, only timing. The price did not jumpup significantly in anticipation of filings to warrant this sentiment of disappointment.
I have been here since March 2019, and added 61s to my stack. No disappointment here. I will stay patient as I have been before and will add more if this dips further.
$TRDX
Same here... added 300K yesterday, hoping for another 200K today.
When someone says ‘shares are dumped’’, I interpret this as heavy amounts being sold into the bid, sometime crushing the price. This is not what it happening here. When Lazar sold his shares he did it very carefully when the price and volume were on the rise.
Selling 200K into the bid at .0048 is not dumping, just like someone buying 300K on the ask yesterday afternoon was not a heavy accumulation.
Dumped? Come on. Volume is minuscule. What is currently offered up at .006 is what was bought at .0048 this morning... someone is flipping for peanuts.
I hope someone gives me 200k more at .0049.
Anyone here with that 400K bid at .005... I suspect it’s no one because it showed up as soon as I put 200k at .0049. Just wondering if it’s MM’s jumping my bid.
I suspect MM’s selling to each other at bid to keep it down. As soon as someone puts a nice bid, they jump it.
$TRDX
I mentioned yesterday that I probably made a mistake buying all those shares at .0061 end of day, because it’s Friday today, but I do know that I will be happy in the long run.
TRDX news out about post merger audited financials expected filings...
TRDX News out... post merger audited financials coming...
TRDX News Out... audited financials coming...
Haha... good one... let’s do it...
I hope they are coming Monday... I just added more which is probably bad move because tomorrow is Friday, but I am here for long move, so the small swings do not bother me. I do not want to miss out in case they post tomorrow.
I am really bothered by those 61s... here comes another 100k shot at them
Hate these couple of buck trades trying to affect charts...
Thinking of slapping for more. Last time they posted news that filings will be posted soon, they posted them next morning. I still think they file Q1 around due date, 5/15 and not sooner.
Thank you. Have been here for a long time already... have not bought more in a while... things are moving now... TRDX is ripe for a moon shot...
Come on Mr or Ms 58... hit the ask! It’s $30 but could go a long way and difference between filling or not filling...
I guess 200K could not take them all out... anyone else?
Here, I will try to take out 61s... with upcoming filings, why not gamble a bit...
The reason why they are not buying is because at one point new owners will recapitalize and after that those friends will either get awarded shares or start buying. This is my biggest holding in OTC, but I can realistically say that neither of these new owners care about common shares holders. In fact they want us all out. I am just hoping that some news are released or leaked before the recapitalization happens, so that we all can cash out. Really want the similar pre and post recapitalization action that former SRDeePee experienced.
$TRDX
Hey Bearslayer,
I have always said that the acquiring company does not care about current shareholders nor should we expect that they do.
The stock you mentioned actually ran from .015 on Apr 15 to .30+ before the split on June 7, and kept the price after split for a month or two before crashing after the filings on new issue was revealed where the new owners issued crazy amounts of new shares to themselves. Until Nov 1, the price never fell under $2 (or .08 presplit). You must have bought in late in the game and this is why you are experiencing the losses. I am sorry to hear that. Unfortunately, I was not in that stock, but it did alert me to Lazar’s plays.
Now, LICH is now approximately at the spot where the other stock was at Apr 15, 2019. My strategy in these is to take out my original investment when opportunity arises and ride free shares. I did the same with LICH on the original run to .088, but have put all back in and more after the stock fell to .01. Here is hoping that I did the right thing. In any case, I do not think that Lazar’s plays are any more risky than other OTC stocks.
Hope you recover you BHPayyy losses with LICH gains.
BHawksFan
Hey Glenn,
This is 3rd post by this person on iHub, alias born 3/20. The claim that filings went delinquent with EORZ and LICH is already not true, because we just saw filings. Ownership transfers take time, especially with foreign entities. This person probably does not even know that EORZ and LICH is the same company. As Rise said, RS can happen to any ticker, so I do not see more risk with LICH than any other ticker on OTC.
BHawksFan
Agree. Playing many of them, LICH, TRDeks, HIGarr are my biggest plays.
Getting there soon, I think.
Hey Bearslayer,
They have no operations now, but that does not mean in the future they will not merge some of their business into the shell in the future. They spent $210K to acquire the shell; it’s hard to believe they paid all that money to have the company with no operations.
$LICH
HIGR annual financials and change of control filings. Stop sign to be gone Tue/Wed... it should be fun...
Not sure who is taking it down. Annual Financials and change of control filings after hours.
Buy the way, I did indeed get 1.01’s about 30 days ago. I missed today’s action.
Hey Bearslayer,
I tried looking at financials and have very hard time connecting the dots on share count. OTC site has authorized number at 1B, while David’s filings say 950M, and latest 2008 filing showing OTC before custodianship shows 500M authorized. There was no filing showing the change in authorized count. OTC also shows 573M held at DTC while David’s filing says 573 is in the float.
Outstanding shares are enigma as well because 2008 filings show 97M, and the same filings said the the $2M+ convertible note would require 2.5B shares to be converted. There was also 54M warrants issued that could convert to shares at .0002. Because of the gap in filings, it is hard to determine if and what was converted into shares over time, so I guess we have to go with what Lazar filed as it was accepted by OTC.
As for preferred stock, there is a filing in 2008 showing an officer acquiring 90K of preferred stock, yet there is 0 issued showing on Lazar’s filings. Were these converted to common at some point? Who knows.
In any case, Lazar was granted custodianship and cleaned out the balance sheet. OTC accepted and there is no convertible notes that could dilute more. The only dilution that can and probably will happen is that Lazar will issue a controlling interest which will probably happen one day before he sells the shell, so we will find out at a much later date.
I will probably gamble a bit more on this one; right now I am riding small position of free shares; plan to at least triple the count.
Hope you are staying safe and healthy.
BlackhawksFan77
Agree. The 700K+ were available at $.02 just a few days back.
Have not paid much attention here, as I am riding free shares. I will look into fins over the next couple of days to see if I can make out anything.
I am. Not nearly invested as here. Am thinking to double or triple my share count there.
Haha, you sound like the guy who claimed that Seoul’s population is 38 million.
I am sure he was contacted when Lazar filed for custodianship. The latest filing says that Lazar invited all creditors to the meeting and no one showed up. I am sure he was invited as well as he had controlling interest.
I looked back at filings in 2010. 742M outstanding at 2010 sounds correct. What Lazar is missing on the 2010 annual is issuance of 185M shares in relation to acquisitions of Preferred Distribution that was completed in April 2010.
These are probably shares that are not accounted for. I think they made their way into Public Float, so the float is probably understated by 200M.