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Thank you. 20+ years in finance will do the trick. :)
No. Then the error would be 360M.
I truly believe the outstanding number is overstated by 200M.
Haha, I wished I could claim them as the new company truly believes they are out there.
Wow. Great minds think alike, haha. I just posted on that; took me a while to track down where the disconnect was.
This is correct.
I tracked back Lazar’s filings. In Q2-2019 original filing he shows float of 273M shares and that he is the owner of 123M shares. Then, he amended the filing showing 389M float and that he has no ownership of common shares. In the Amendment he is introducing Smart Crown owning 1.1B common and 100 preferred shares.
He did indeed sell his 123M into the market/float during Q2 of 2019, plus cashed in 175K for selling the shell.
After carefully reviewing current financials, when I add Smart Crown, Stahl’s position and float, I am coming ~200M short of the total outstanding common shares.
These 200M is missing in every filing since Lazar took over. In fact, 2010 annual filing shows 78M at 12/31/2009, then issuance of 18M plus 479M for convertible notes, but ending balance shows 742M (instead of 575M). Q3-2010 filing done by Stahl confirms 575M outstanding at 12/31/2010 (475M outstanding at 9/30/2010 plus 116M issued subsequently before filing was done on 12/30/2010).
Spot on. Thank you!
I would agree with you about common sense and that Stahl should not profit from this. However, I do not understand how the shares acquired on the exchange before or during custodianship transfer (public float) should be any different than his because those shares were issued at the same time as his were. Custodianship does not eliminate or cancel any shares; every one of those tickers have old owners on filings with # of shares they own.
If his shares were canceled and returned to treasure (or retired) as you claim, they would have not been listed on current financials. But they are listed and he is listed as the owner of those.
I also am not clear about your claim of Lazar’s 120M shares. The filing clearly states that Lazar issued himself 1.1B and 100 preferred that he sold to Smart Crown for $175K. He has 0 shares as per the filing.
I agree. I just do not understand the statement that Stahl’s common shares would be canceled while other shares are off limits.
I do not think they are canceling any.
If they cancel Stahl’s shares, they will cancel yours and mine. I am not sure how Stahl is different from any other holder.
As for Lazar, he sold his 1.1B common plus 100 preferred for $175K. Filing clearly states that.
I am already heavily invested here (40% of my portfolio), but I am so tempted to take out these nice figure of 666k...
Someone is ready to jump ship... we waited so long for the update, being patient for 45 more days will not make a difference.
The way I see it, this filing confirms shell ownership changed to Smart Crown (pp $175K). The next filings will show which companies/assets will be incorporated under this shell.
$TRDX
Agree 100%.
Yes. I do believe they consciously did it at that time and not earlier in the day.
I saw this news/press release at 12:30 am Central... it was the first post for 4/1. I always scan ‘Market Activity - News’ on OTCMarkets to see the latest News and Filings. It looks to me that they purposely waited to be the first post on 4/1 to get more eyes on it.
Update on OTC under News/Press Release
https://www.otcmarkets.com/stock/TRDX/news/Lawyer-letter-and-annual-financial-report-will-be-uploaded-soon?id=258079
Contemplating to add more here. Have not sold one share from initial buys at .0015 and have .003 avg.
Nice... I got 900 today to add to my stash from below $1. All free from profits taken earlier. If the float truly is 7,000, someone is short big time...
The volume says it all...
Same here... whatever happens from now is gravy...
Has anyone seen that David Lazar is 95% owner of ISRB? I have played ISRB a few years back and still own 100 shares post split... very low OS... float must be no more than 50-60K...
https://www.otcmarkets.com/filing/html?id=13867176&guid=RBLCUqj1zLUoRyh
So happy they filled my 80k at .0141... .01’s will be history very soon...
You claim something that you can not prove. You do not know what transfer of share ownership happened when the reverse merger occurred/David sold the shell.
We will know ownership stake when post merger filings hit.
TRDX
Spot on!
Who knows... if you want to start counting I got 60k more... haha
I got .0163s earlier in the week, and some .0211... I saw the games and jumped in... have plenty of free from below .01, so I am ready for ticker change... just trying to round the number up... haha
At least 3 times today I was top bid and they bypassed me with sell, then raise bid one or 2 ticks above mine.
I just need one last fill at .0214 and I am all set
Thanks for all the hard work Gainers! $EORZ name and ticker change tomorrow; TRDX not so far behind. $EORZ never filed Q10 for Sept either, nor did they have introductory letter to shareholders, nor do the have LIne reps... LOL
Hope they take it down a bit more. Already have a nice position but will add more...
Yep. MMS are scrambling trying to keep it down...
SB,
I really do not understand why any of us should be upset at the new management doing things at their own pace. They owe us nothing and can care less what we have to say. They purchased a clean shell from Lazar and should only care for their own current and future shareholders who will invest in their business. Lazar took us all for a ride, and wether we have realized some profits already or will do so in the future, we should be grateful.
Wether or not the merger company is successful in IOTC or other US stock exchanges is solely up to management, not on dozen OTC traders who threw some money at TRDX when they heard that Lazar applied for custodianship. We have no right to ask or expect anything.
Name one other OTC pink that truly cares wheat their shareholders have to say.
OTC is a gamble, and I am betting on TRDX.
BHF77
Because trading in OTC is very emotional... You can buy at .016 and feel great about it, then few minutes later they drop it further hoping that you get emotional and sell at .014 to cut your losses... if they sold short to you at .016 and cover at your .014, who made and who lost money? This is why you see selling and dropping down in the matter of seconds. They try to create panic and emotional trading. When was the last time you saw slow drop in price in OTC? Manipulation 101
Misery loves company... I added more myself...
Nice post, TS!
Happy Holidays and Happy 2020!
I am in $HDIeye and rode ZMRkay from .014 to .045... was looking to rebuy in low .02s, but did not have enough powder to make it work... those 2 are Xu, right?
Congrats! Yes, indeed!
GLTA
I still have freebies from below .01. I bought some at .026 on the original retreat from .088... recent move to above .03 shows that this trades on air... I just could not resist today to add a few in hope to prevent MMs To get more. I was hoping to add 100k, but ended up with 35K.
I own 8 different Lazar custodianship (past, present and future) stocks. Not flipping them as I know they can surge at any time. Patience is virtue.
35k... the tape shows 40K trade... filled me 35k.. although 15k on the bid was still mine, the next transaction of 3k did not fill me...
I got some at 163... still waiting for the rest