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Looks like they filed for ch 11 (reorg) instead of ch 7 (liquidation) so maybe there's a glimmer of hope. Guess gotta wait and see..
They are turning the business over to their lender, but is there a chance that the business will find a buyer? Or will the lender sell off all assets?
Haha. That'll be in a few weeks!
Agreed. And my current bag is from the Go800 days too
Wait... when was it 0.30 sp? It was 0.0001 which became 0.5 after the 500:1 reverse spilt and continued up ever since...
I think we just broke through the stratosphere
More eyes on CRGE now. Pack your bags for the moon lol
Woohoo! Finally!
My gut feeling is that we've been sitting at around the new bottom (in the $3 to $5) for quite a while. I don't think it's going to go lower than this range. And CRGE is not going to go bankrupt anytime soon. I only see it going up from here. I'm going to be optimistic and keep my investment in and see what happens.
If you're not desperately needing that money, I would take the chance. Or just cash out what you need for now. When the pps hit $6.25 a few weeks ago, i took out 1/3 of my investment and paid off all my credit cards.
New 8K filing just released. It mentions the NASDAQ listing request and the subsequent information that was disclosed at the request of NASDAQ. But I'm really bad at understanding these filings so not sure what the intent of the release is..
Should this be taken as good news since it implies that CRGE is still very active in its pursuit of an uplisting?
I meant 5/27/21
In the "news" section here there's an article by Seeking Alpha posted on 5/21/21 that announced the uplist filing by Charge
When the 500:1 reverse split occurred, the sp was @ $0.50. At that time, I calculated my breakeven sp to be $0.59. So happy I held on not selling a single share since 2010. I can't believe it surpassed $6 this week. Finally sold some today just to get back my initial investment (from 2010) plus a little extra. Gonna continue holding the remainder indefinitely. Looking forward to the potential NASDAQ uplisting... and even the buyout by Tesla. =P
Anyway congrats to all those that have held on to your GOIG/GOIGD/TRWO/CRGE shares and also to new investors. Good things are coming indeed.
Maybe GoCom can become GoCharge. Lol
1800 gocom "shares" here. But i dunno what gocom represents anymore
Same here. Is an uplisting more probable now?
What did they say on Twitter?
I'm curious too.
Did it get a buyout offer or something? ;)
(Btw what is the probability that CRGE will surface on Tesla radar as a buyout candidate? Tesla does make EV mobility products)
Wait I'm confused. What's going on? I thought the company continuing to pursue an uplisting is a good thing?
Can someone let me know what was amended to the S-1 filling based on the just published S-1/a?
Maybe ppl just read and are impressed with this
https://finance.yahoo.com/news/charge-enterprises-compete-2-potential-132709404.html
And...what's the reason for this uptick today??
Uh..what was it before? I thought it was already brought to current a few months ago..last year
This statement...
"As part of the transaction, Charge issued the investors three-year warrants to purchase an aggregate of up to 1,870,000 of its common stock at an exercise price of $4 per share."
...imply that management seems to have no doubt that CRGE will get to (again) but also maintain a share price of $4. This also aligns with their goal of getting uplisted onto a bigger exchange (NYSE: $4 min, NASDAQ: $3 min).
Now, this goal is not new news but why is this ticker still stuck at around $3??
Interesting. But it looks like Baron Davis (former NBA player) and Ben Carson Jr. (son of. Dr. Ben Carson Sr the political candidate) are also on the board od directors. Meaning either we all make it big or all those names are going down as as business criminals if this company fails.
An impending reverse takeover? Haha!
Well that's really is the only thing one can hope for with this ticker. All it is is a public shell with a user base (or whatever is left of it).
Well I'm not sure how to think of this. Is it good that GoIP beat out Agritek to getting acquired by Apex because it's somehow more appealing? But if the deal goes through i guess it's good because Ike will no longer be in the picture
That is exactly what it is, a reverse merger takeover. A private company with real assets taking over or acquiring a public company that is a shell so that the private company can quickly go public.
Is there a recording of the conf call for those of us that weren't able to attend?
Better load up now. Someone like this can do the same to GoCannaGlobal at any moment.
https://abc7.com/society/football-legend-joe-montana-investing-$75m-in-marijuana-industry/5106228/
Woohoo! A very good development
Right i remember seeing that.
Lol
I am hoping it will dr. Sanjay Gupta. ;) Not really a huge celebrity but a publicly known and respected figure who advocates for the health benefits of mj and has many supporters.haha
https://www-m.cnn.com/2013/08/08/health/gupta-changed-mind-marijuana/index.html?r=https%3A%2F%2Fwww.google.com%2F
Exposure indeed can be a good thing, especially if awareness of a company's business, product or service finds its way to a celebrity, who in turn finds an interest in investing in it and agrees to becomes an endorser or even spokesperson for it.
I am not aware of a celebrity who is currently partnering or somehow affiliated with a MJ-related business yet, but i don't see a reason why it will remain this way especially when the legalization is expanding each day and opening up tremendously investment opportunities for any one. At least one celebrity is gotta be thinking about investing in the MJ boom right at thks moment and waiting to make the move.
One thing I can be pretty sure of is that whatever the pps reaches after the merger, an announcement of a celebrity endorsement is going to multiply that by 10, 20, even 50-fold. Whether the company and its products and services remain competitive enough to survive and grow is always an unknown question but a lot of investors will have enjoyed a nice run until then.
Anyone around and remember the run of that "50-cent stock" or the various Justin Bieber stocks? Just imagine this: What if Cubeit announces that it has forged a business relationship with Snoop Dogg (or Lion) who is contracted to run some PSAs or ads for the company? We will all be very happy...well at least those of us who still are holding on to the shares. =D
I like what I saw in the news today, as well as the needed jump and interest in the stock.
So...although the headlines today say "GOIP Signs Merger Agreement with CUBEIT", I'm curious if this deal is really a MERGER or is it really an acquisition? I had to read to article below to understand the difference b/t Merger vs Acquisition.
https://www.investopedia.com/ask/answers/021815/what-difference-between-merger-and-acquisition.asp
If you read it, note that it states these points:
1. Acquisitions – sometimes called takeovers – generally carry a more negative connotation than mergers. Due to this reason, many acquiring companies refer to an acquisition as a merger even when it is clearly not.
2. Legally speaking, a merger requires two companies to consolidate into a new entity with a new ownership and management structure (ostensibly with members of each firm). An acquisition takes place when one company takes over all of the operational management decisions of another
Also, note in today's GOIG news that:
3. It mentions this: "Current management of CUBEIT will assume full operational control and all senior executive positions [of GOIG] at the time of closing"
4. It does NOT mention anything about a new joint company being created, a new ownership, nor a new management structure from this "merger".
So based on the 4 points listed above, I tend to think that CUBEIT is acquiring GOIP in a takeover deal, or acquisition. And then with that in mind, I want to throw out some questions I have:
- What's going to happen to the GOIG stock name/ticker?
- Will GOIG shares get converted to CUBEIT shares?
- For those who still have GOCOM stocks (like me) from GOIG, are those going to remain worthless in our trading accounts, or will they be obliterated from the universe??
Great find, and thank you. This is the kind of info worthy of sharing and discussion on this board, and not the fact that someone owns millions of shares @ .0001 and does not care which way the pps goes.
Anyone got a screenshot of what the site looked like before the update?
Haha omg brendan magone. That's a name i haven't seen for a loooooong time. Wasnt he the public relations guy for goig or something that was always talking good things about ike?
That news, I read and understood it. But whoever thinks or says that GOIG is trying to "define itself within the cryptocurrency market" is wrong because that's not what's happening.
Apparently, what you don't understand is that GOIG's new business model is not about and not dependent upon cryptocurrency at all. Instead, it is dependent on blockchain. Bitcoin and all other cryptocurrencies are just ONE APPLICATION of (i.e., one way of using) blockchain technology. There are currently hundreds of different applications of blockchain, and this number will greatly increase as more people understand the architecture and the benefits it offers, and come up with new uses of it. Smart Contracts are another application of blockchain, and they are what will be defining and enforcing the transactions on GOIG's energy trading platform.
That company update news in Jan you mentioned (https://www.otcmarkets.com/stock/GOIG/news/GoIP-Global---Corporate-Update?id=181535) says nothing about GOIG planning to use cryptocurrency for anything. I suggest you read it again, and specifically the excerpt below:
"The Company formally announced they will be embarking on ventures related to the Internet of Value (IOV); this encompasses the use of technologies that enable the instant exchange of value transactions like currencies, notes, securities, intellectual property, music, scientific discoveries and more without intermediaries, similar to how information is exchanged across the Internet today."
It says "the use of technologies", and that technology is...BLOCKCHAIN. It goes on to generally say that this technology enables blah blah blah, and guess what...those are the applications that BLOCKCHAIN makes possible, and one of those is "currencies". It does NOT say that GOIG is going to be using these (crypto)currencies. See where you got it wrong?
Cryptocurrency carry MONETARY value that can be used now or saved as in investment. Energy tokens carry ENERGY value that can be used soon (when GOIG's partnership with energy providers is up and running) or saved as an investment. They are similar in concept but with totally different purposes. So to tell GOIG investors to "trade fast-do not give him (Ike) the chance!" just because the SEC is cracking down on Bitcoin is just ignorant. There no relation between the two.
What does bitcoin have to do with goig?? Smh