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Converting 250 million shares per quarter now. Like clockwork.
Converting about 100 million shares per quarter now….still no revenues.
Newly issued shares being added to the float is why stock traded 3x post split OS on Friday. More to come this week and the rest of the month.
For the most today’s shares are new shares being converted adding to this existing 1.953 Million OS.
Opened at $2.00, a full dollar below where yesterday’s close was.
Greek shipper stock 101.
Wonder if some traders will be fooled by the ticker showing a 6800% gain on some platforms this morning.
Outstanding Shares
185,809,230 as of 4/11/24.
Still not one EV truck sold from Randy Marion website. Remains at 228 vehicles.
https://randymarionev.worktrucksolutions.com
I think I called this pretty good. Turns out to be 195 million shares, 1:100 R/S. Bet ya the AS stays at 2 billion shares or at best is 1:10 (200 million shares).
Stock won’t hold $3 very long as MM’s know there is mucho shares to convert on future.
Company has already approved a reverse split if it does not meet Nasdaq compliance on price (6 mo extension just granted).
R/S ranges from 1:2 to 1:500.
AS remains at 2 billion. Lots of preferred stock that can be converted to common.
All this to pay Harry’s other company , IMPP.>
The 20 dma was a lot lower than the actual price a few days ago so there was room for profit taking. Don’t take that into account when I made the previous post. My bad. See what happens at the 11 support level.
Transfer agent hasn’t updated OS for a month.
Canouse and friends just got their quarterly dividend of common shares from their Preferred stakes.
I’m sure they are more than willing to sell into retail buying.
Nothing has changed. There is no more solar business, all the cash is gone. Bobby T has some new consulting business advising folks on how to run businesses if you can believe that.
Some folks are so deep in the hole that they would say anything to get others to bail them out.
Reposting my post from Nov 2023:
Noticed that Canouse managed to get the company current by filing last three quarterlies. Frondeur is his guy.
During the quarter ended March 31, 2023, the Company decided to postpone its operations due to a lack of funding. As such, the following activities occurred:
a) The Company’s equipment was repossessed by tis creditors and sold off;
b) The Company’s receivables were ceded to the financers of the projects
c) All operations were ceased and the Company has no more assets.
At this time, the Company is considering various strategic alternatives including restarting operations.
There are hundred of billions of potentially dilutive shares waiting for the ability to get converted.
The preferred’s and convertibles will decimate this ticker. I posted earlier how many billions of shares are waiting to be unleashed by Canouse’s when the time is right….for them any time is right.
That depends on what the company does or doesn’t do. If they can’t generate sales or more importantly profits, I think you know the answer.
New round of X suckers think they have found a jewel in HVCW . They think all the recent filings are new but don’t realize (or don’t want to disclose) that all are actually updated amendments to previous filings.
Personally I think an RS is imminent with perhaps a new RM partner and given Canouse’s track record lately of anything but quality it doesn’t bode well for those throwing money at the ticker imo.
You won’t get a 1:10000 reverse split, but more likely a 1:500 however AS shares will stay at 10B .
And whenever the RS happens the first trades will be in the .03 area.
Write it down!
Some investors like to sell when they have quick gains thinking that they will buy back in if the price drops lower. However, I’ve found that the really large gains come from resisting that temptation. Remind yourself about the long term potential. Plus I hate paying short term capital gain taxes….almost double the long term rates.
What be nice to know how much of that cash balance are deposits for future work.
20%, 50%?
Honestly I don’t know what “political turmoil and world economy uncertainty” has to do with a Oklahoma company in the specialty contracting business.
You have to put the volume in perspective. It’s only $45,000 so far.
Retail buyers such as yourself can buy on the bid. You might have to wait more than a few seconds to get it executed.
Most shipping companies trade at about 20% of there NAV because of huge amounts owed to pay off purchase of the vessels. In CISS case, they pay Harry V, the owner of sister companies IMPP and GASS. He and his family are making the most money at the shareholders expense. Of course he hopes someone pumps this up to the stratosphere so he can do another public offering.
If you truly understand the financials then you would know why the stock is trading for less than a nickel.
Nobody is loading. All the claims of such are fictions of people’s imaginations to make them look good on this board.
At this point it doesn’t matter if it’s selling or bid buying. In fact I’d say that bid buying is worse. Market makers willing to sell at the bid indicates they have far more shares to sell than anybody knows about and they will take any buy orders right now.
Another dump the last 20 min. Figure the OS is around 170 million now.
The AS reduction from 50B to
5B sucked a few more traders in to lose their money.
Another series of rereleases of Quarterly and Annual Reports plus an Attorney Letter.
Also this buried nugget for the next company that reverse merges into the shell (whenever, if, it happens).
Common shares outstanding -fully diluted as of December 31, 2023
Shares outstanding:944,629,147,665
So, in the future, folks will have to look out for a minimum 1:1000 R/S, but more likely a 1:10000 R/S.
David Rees has been disbarred from practicing law in Utah based upon his felony conviction for securities fraud, wire fraud, money laundering and aggravated identity theft for engaging in fraudulent microcar transactions using “straw” nominees.
https://www.sec.gov/files/litigation/admin/2023/34-98971-a.pdf
Rees is the man behind the curtain who brought Third Bench to Canouse’s NECA.
25 million shares later. Can’t say we didn’t predict this was going to happen. On the way to
400 million shares by end of this year.
Dozens of warnings the last two years yet new folks keep buying and then wonder who the heck is selling shares.
This nonsense gets so repetitive. Is there any way the four of you can stop posting for 48 hours or is the goal to see who can drive away the most eyeballs?
There are just too many brewery, almost 10,000 to choose from. After awhile a brewery becomes a flavor of the month. This article fairly explains how rough it is out there and many breweries are just struggling to survive. Awards or no awards.
https://commercialobserver.com/2024/01/craft-beer-closures-2024/
Beer sales are going to save anyone these days. Have you seen how many brewers, especially craft brewers, have gone out business or filed Ch. 11 lately. And there are still too many players in every market fighting for a decreasing piece of the pie. 1812 is no different.
$312 purchase on the ask slap….guess the whales are moving in…..whatever.
What is going on in the restaurant has zero effect on the stock and vice versa.
The attorney was using the AS and OS from the period end date as of 11/30/23, the day of the last reported quarter ended. For reporting purposes, nothing was outdated.
Today’s OS shares counts are almost 400% higher than the 11/30 figures and almost certainly going higher.
Attorney letter is out …
https://www.otcmarkets.com/otcapi/company/financial-report/394706/content
379,000 share block trade after hours (sell) amongst many other smaller block trades. My feeling is this stock price will continue to trend down towards 2 cents in the coming days.
After offering and assuming underwriter exercises his overallotment, OS increases from 42 million to 182 million shares.
Company has already approved a reverse split if it does not meet Nasdaq compliance on price (6 mo extension just granted).
R/S ranges from 1:2 to 1:500.
AS remains at 2 billion. Lots of preferred stock that can be converted to common.
All this to pay Harry’s other company , IMPP.
Here is what shareholders of reverse stock split hope to see: 1:1000 , the stock becomes 10 cents.
The actuality of what happens on Trillium companies that do R/S. The stock takes a massive dump in price in the first fees as MM’s see how many shares Trillium (and others) need to sell.
Look no further than THBD which did a 1:500 RS recently. Shareholders were stoked to reduce OS to 25 mil shares. Within 2 months, share count has grown to 125 million. AS did not change initially, stating at 50B. Then they changed it to 5B shares. OS 1:500 , AS 1:10 .
I expect a similar outcome here. The underlying business may be making some money but the stock is just a means to attract investors money with zero chance of real appreciation (other than playing the bigger fool theory). Cheapest and perhaps only way for company raise money.