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Quit Period. Soon the wait will be over.
https://en.wikipedia.org/wiki/Quiet_period
True Story. The ones I make money on I'm usually in for less than a week. My early pink sheet seed strategy did not turn a profit. I was a bad holder for years on LDS* and BIP* and noticed volume pick back up in both and averaged down bit time. Flipped both for some big profits last Jan. I started playing the Pink sheets and penny stocks again around that time with the profits. Its a rush... However playing with more that 10k down here is hard. Cant seem to exit a positions when you do catch a runner without spending days of selling small blocks. My large investments are in the big boards, 401k, 529's for the kids, and property..
All my play money has been tied up here since July. I made multiple buys and my average is .0027. What i like about this compared to other pinks is 1.5 billion shares is kind of low compared to others. Also after having 3 other pennies de-list and loosing my entire investment this seems to be active. They are current on reporting, and just spent lots of money to acquire the shell from RBIZ. Money does not seem to be an issue. It has been on the RBIZ financials but I think that is all about to change imo.
nice! Should be in good shape for a green day imo. another .0024 slap and we are off to the races.
Wow 900 shares dropped the price .00005
only a market maker can trade the 5th decimal.
you know what the 900 means!!!
let it go... We are gold. very green day coming imo!
I have been trying to get .0024's for the last few days. not happening. The only thing i can get to fill are partial .0027's Cant even get them to fill fully if i try to buy 1m only getting a few 100k at a time. Seems like no shares available by the way my orders fill in very small blocks. If Mark farts its off to the races imo.
I cant believe i'm getting .0024-.0027's when the news hits i'm making an easy 100% imo.
I'm buying more. Love it!
I'm still thinking thinking Anshu is working on the UAE blockchain initiative. All food tracking will be done using blockchain technology in UAE by 2020. His background it in information technology. And by chance VerusHash is the fastest open source cryptographic hash in the world? Could he be working on something using this open source hash and applying it to the food industry? Or other supply chain tracking industries? yes i have been speculating but finding many links between board of director members and blockchain.
Get your .0037's while you can wont last long.
I'm grabbing shares before the news hits!! I know its going to be good. You dont spend 2 years cleanup a shell and change the name for nothing. There is obviously money backing all the effort that went into the cleanup of RBIZ. You dont go silent after you cleanup and complete a name change and pay late fees to keep a company current just for the heck of it. Something big is happening in my opinion we were guaranteed a Christmas present in the form of news before the year is over. If we trade through that zone on speculation of the news being huge it wouldnt be the first time it happened down here. Most of the other times it's with a dark stock that no one can verify how many shares are actually available. In my opinion upward of .0051 should be easy now that we are free of RBIZ. This is a new company with new highs that need tested. We did not exist 200 days ago so not sure how anyone can use a 200 day ema resistance level as an indicator.
Its quite simple. usually shell companies are trading at tipple 000's for years before someone acquires them. Most have 7-15 billion shares... RBIZ was still a reporting company with a lawsuits... They were on a steady decline. There were lots of bag holders. Anshu came on as RBIZ ceo to clean the shell and transfer it to VRUS. In the process he had to fund "or pay" RBIZ in the form of maxing out the share structure and take their bad notes. None of that really matters because this is a new company. However the price reflects the RBIZ decline because of the way this transpired. in my opinion the way this went down is giving us the opportunity to load up on discounted shares. The market doesn't know what to make of it yet since Anshu was the CEO of the "failing" RBIZ for almost 2 years. Everyone is about to have that moment when they realize what is really happening... Once that happens hopefully they will be holding and not chasing.
I did some slapping.
I will be adding a few million more over the next few days. Just waiting for funds to clear.
wow that 9900% gain looks nice. Does anyone know of a broker that allows .00001 - .00005 trades? I can only bid .0001 if i could buy dead stocks at .00001 and sell to retail investors who can only buy at .0001 i would do that all day.
"The current management is not able to RS because FINRA won't let them." Isn't that a requirement of the LOI? How do they get around that?
Retail only gets 4 decimal places from my understanding .0001 MM get 5 decimals meaning they can make 100% selling shares they got for.00005
Also is there really 72 billion shares. Sounds like they have lots of shares to dump on retail before the reverse split that is required before the LOI is executed (if it is at all).
Not here to bash because this cannot go any lower. If VRUS turns out to be a winner and a reverse split happens and the CEO buys this I will be heavy accumulating here. But ALL 3 would need to happen, and that does not look good at this time.
Regards.
The blockchain tech used for tracking food is unrelated to XPR or Bitcoin. we are talking about IBM type block chain stuff.
Unrelated XPR is created and backed by banks. It has an unlimited amount of coins that can be created. The controlling banks can dilute as needed just like the US dollar. Bitcoin inflation rate is fixed I believe at 3% a year now and drops to 1.5 % or something like that next year and keeps falling until all coins are mined and after that the total number is set. Also subtract all the early bitcoin wallets that got deleted. I'm sure there are lots of lost coins. that is why bitcoin will survive and most others will fail. The world is looking for a currency that cannot be diluted like the current US dollar. Even Gold can be devalued if they find a large unlimited undiscovered supply somewhere. Why leave the banks in control? I'll keep my bitcoin. might get some Ripple because the next big bitcoin run will pull that up too. It might last because it is banked backed but might always be tied to the bitcoin standard of the future in my opinion.
Hi Sherri,
Based on my DD the letter of intent started 2017 before the CEO joined RBIZ. My guess is he needed a shell. He seemed to extend it for 2 years and not execute the letter of intent. I did not see any extension after July of this year. However I can look again. My thought was he got the clean shell he was after and no longer needed XDSL. However as i stated in one of my previous posts he might be still be working on something unrelated after he delivers RBIZ clean shell VRUS to its new owners. I understand you might be invested in XDSL.. i would be very careful with the number of shares available they would need a huge reverse split before it can be used in my opinion. Anything down here in the sub pennies is very speculative. I like what I see here with VRUS and have no reason to think this is a scam at this time. With the links to blockchain, the UAE, and supply chain and changes coming by 2020 this is where i'm putting my money. GLTY
He needed a publicly traded company for a reverse merger. it looks like he was keeping his options opened. if he bought xdsl he would have had to clean it and execute a huge reverse split. He found RBIZ and he had a clean /better option. However he was taken on as a CEO and wasn't sure if RBIZ was going to deliver and let him walk away with the publicly traded stock. Thats why he kept extending the loi that to my knowledge has not been executed. Maybe once he delivers vrus to the company that merges into this (if not his). he might still purchase XDSL and try to clean it for sale. there is a big business for clean shells.
Did you read what spector the other company does? BLOCKCHAIN for a different industry. From what i can tell the loi expired and was not renewed for XDSL cannot confirm at this time.
Google Blockchain and Dubai. Huge changes coming by 2020 with food tracking... Look at the Board of directors do some research with what the companies they have worked with in the past more blockchain links.
The CEO's background is in information technology.
A blockchain summit that took place in Dubai on 11/28/18
we are not talking about crypto currency junk. we are talking IBM, Oracle, Cisco, SAP industry changing technology. Big changes coming and from my research VRUS is in the middle of it.
Look at the other holdings of our institutional investors (more tech companies).
Cant wait until we start seeing these irons come out of the fire.
what i'm reading is Scepter Commodities, LLC intent to purchase Mphase was terminated. RBIZ shell is clean and the real reverse merger is happening here with VRUS.
He terminated the intent to purchase in August 2018 when RBIZ to VRUS was complete.
He was keeping his options opened. More proof the plan was to take something public all along. in my opinion this is the golden ticket.
Separate company, separate stock. I'm thinking that was his backup plan to take the other company public if he wasn't able to clean RBIZ. But who is funding him and allowing him to have a backup plan? RBIZ transfer was clean, it took 2 years but it is clean and up to date with filings.
to me the only thing mPhase provides is proof someone else is funding him to take something public. Its been the plan for over 2 years. He was never hired as the CEO or RBIZ he bought the position in my opinion.
We are along for the ride.
Its a market makers job to make sure the shares are available for their clients to buy. Someone needs lots of shares. (the company).
No different than when dilution happens and they need to unload lots of shares. The price climbs and they dump them on us. now the price falls and they accumulate. they never announce dilution before it happens. investor confidence is low for a reason. The price is low and we dont know what is happening. This is the time to buy. With what took place over the past 23 years i dont think they are hurting for money. the debt came with the name change as a price VRUS paid for the ticker. It does not look good but i think it is very cheap compared to what is coming. This is my opinion. I based it on my DD and what i witnessed over the past 2 years. There were a few things that happened that made no scene other than money does not matter. for VRUS to have this kind of attitude at this point in the game there are bigger fish controlling this. Where does a guy with a computer since degree get the knowledge to cleanly walk with a publicly traded company? we are less than 2 months in. This is going to the moon and beyond in my opinion.
Not sure if anything illegal was done. If there were actual meat contracts provided by a large company and executed in RBIZ name. financials were correctly reported and the higher powers got their publicly traded shell legally this is just the start. I'm just not sure how much the CEO and Mark are in control. I see much larger $$ involved considering he purchased a separate company a few months before coming on board at RBIZ to abandon it. They paid lots of fees on something that could have been a private funded company. I think this is a big company that was looking for a shell to take them public. They planted the CEO to over see the clean transfer. What did they do that violates any SEC rules? They executed contracts? Filed financials. Staying quit and executing a buyback is no different than staying quit and diluting. they are in control. I dont believe they need to get our permission if they have controlling shares. Yes our confidence might keep us from investing more but if we all have a huge pay day i think we will get over it.
There is way more money here than we realize. Anshu purchased the company XDSL right before he started at RBIZ. Who ever whats to take a company public must be funding him to get the shell. The history of the non reporting XDSL stock was shady and there were too may issues to cleanup. Next he is hired as CEO at RBIZ and brings them millions in business. Magic meat contracts with Disney pixie dust. He cleans the shell and changes the name... Someone got meat contracts and handed them over to Anshu you dont get hired as a CEO of a company that has no business in the food business and bring them 2 million in contracts and walk away less than 2 year later unless it was planed. Most likely funded by someone else. The price to buy back 1 billion shares at market are less than they sank in the project to date. The more it falls the less they pay. This is huge and they dont give a damn about RBIZ bag holders in my opinion.
Ahh magic meat contracts to keep RBIZ a float while Anshu Bhatnagar cleaned up the publicly traded company. I'm wondering if they were given to "RBIZ" to keep them afloat until Anshu's job was finished stripping the clean shell.
Does anyone know how much he paid for Scepter Commodities, LLC before they figured out that one was not clean enough to use for the merger?
Much more money at play here than anyone realizes. They are much more patient than the RBIZ bag holders. There were probably about 450 shareholders on record back in March maybe half that today. Works out better for the new company when they buyback share. most of the remaining shareholders will sell before this hits .01. Their average will be next to nothing compared to where this is going in my opinion.
I'm still finding more connections between board members, CEO and Information Technology, and Blockchain.
There are some big changes coming to logistics using blockchain and Dubai is where its at https://www.blockchainsummitdubai.com Wonder if Anshu is still in Dubai.
Not sure what will be released and when but i bet its good.
Lol and sell millions of shares into your low bid... not going to happen today. Maybe tomorrow, or next week. Haven't decided yet.
I'm going to need therapy for FOMO. If I keep my money here I'm afraid i'm missing out on other gains. If i pull my money i'm going to miss out here.
So what normal happens to OTC penny investors is they pull money to chase and a 255% runner that drops 100% the next day. The stock you were invested in runs 500% and you go back and chase it to loose 250%. next thing you know you are down 350%. Daja vu
I believe the CEO was traveling based on twitter earlier this month leading up to the holiday week\weekend. My guess is meeting with VC in UAE hashing out details of MA. My guess would be board meetings this week to review details and have lawyers review paper work... Maybe some back and forth with lawyers from both sides getting the wording right. Factor in he time difference it might take a week. Remember it is 5pm in the UAE when we start our day on the US east coast. Our CEO probably puts in a full day before the US stock market opens.
The US lawyers dont get anything he was working on after the UAE shuts down and any changes wait a full day before the other side sees anything.
I have been through this many times in business dealings with China, Guam... Its a very painful drawn out process that extends things way longer than planned.
Good morning! This should snowball as things start to unfold. As of 11/9 our CEO was still traveling. Last week was a holiday.... Glad we had the last few weeks to add at these levels. Cant wait for updates. Very excited for the end of this month into December.
.0003 savings on few 100k shares might save you $30. Some people spend more on bad habits a week. I would be happy to over pay by $30 on something that might make me $30,000
SMH at ihub logic for not buying at lod and saving a whopping $30
i added 120k at .002 might do it a few more times today.
How many sub penny stocks have office space that can be verified? Thanks for the pictures!!
Not sure.. maybe they are currently being filled by the company merging into this.
This does not make sense. The CEO brought the food business to RBIZ in 2017 he paid off 1 million of their debt. paid all kinds of fees to file late financials to keep the publicly traded entity current. Paid more fees to split the 2 companies, paid more fees to file for a name change, paid more fees for a ticker change. AND walks away with RBIZs bad debt!!!!
Bad business sense? He brought the food business to RBIZ and could have left and received business loans without RBIZ and RBIZ debt. I know a ton of venture capitalist who would have funded him with 100 million backlog.
UNLESS.... THERE IS SOMETHING MUCH BIGGER AT PLAY.
I dont think our season is ending here. I have a feeling we are still in preseason getting ready for the first faceoff.
maybe the puck will drop this week.
You got it. The CEO's background/degree is in computer science.
7 years as CEO for 2Pi solutions inc.
Google Blockchain UAE Food
Look at what is taking shape in Dubai.
Look at what VRUS does.
Start to connect the dots.
I call BS. that was RBIZ financials. Someone walked in and took the publicly traded shell for a reason. Maxing out the OS was only to keep the books separate and not expose his hand. He has much bigger plans and i dont think a maxed out OS pinksheet is going to fund what he has planed. As others have stated pinksheet investor confidence is low with this company. he is not raising any money here so why walk away with the publicly traded shell? He could have started vrus and without RBIZ debt and got a loan to fill back orders. Instead he chose to stay and get a publicly traded shell. Something much bigger happening here in my opinion.
Not if this is bigger than pink sheet investor confidence. Who is going to remember rbiz and Mark the stupidest IR guy?
I dont think they need investors. they needed the Stock for something much bigger. to attract employees with stock options, to give venture capitalist an out, to give upper management bonuses and attract institutional investors.
thats exactly what i'm thinking.
2 million dollars (2 months of the latest contracts) would buy back 1 billion shares at .002
The lower we drop the closer we get to our news.
The VC group would easily spend an extra 2 million for a buyback and private placement.
RBIZ was never in the food industry until our CEO came aboard. Looking at his history Why would he join RBIZ and bring them the food company and business? They had a lawsuit, they had no money.. he reduced some of their debt and took a shell off their hands.
something big is about to happen in my opinion.
Yes! This did not setup like the typical R/M because Rbiz was fully reporting... and not a dead shell with 15 billion shares. It had some bad history but Anshu Bhatnaga knew exactly what he was getting and how to break off the shell cleanly. Maxing out the share structure did not matter at the time and financing just complicated matters. I don't believe they they wanted to settle or merge anything into the Rbiz company until VRUS was free and clear. What is playing out here is way bigger than someone bring a dead stock current. There are very big names involved here with lots of experience, Institutional investors, and a 200 billion dollar a year food industry (in the UAE alone). Not to mention Asia. The UAE is also investing heavily in new blockchain tracking and defining how food is tracked from farm to table. Lots of changes coming to the existing supply lines in the UAE.
Not sure how anyone can trash this company. It has only existed for a few weeks. RBIZ was a different company. The only reason Anshu Bhatnaga was there was to clean the shell for something big imo.
to be continued.