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The flippers will help. It is good to see long face back and up to his antics. It means he is loading.
Yes they will be buying and selling for a few tick higher but they will increase volume, they will tweet and they will stop the market maker games of ticking this down on low volume 1000 shares at a time.
Also its great news to see Lee is in town! You bet the name will change and mergers/APO paper work will signed with both parties notarized at some sort of table.
IMO
"EMPM will be filing its name change shortly"
"Mr. Lee has agreed to join the team"
Once name changes we should see the real news regarding financing, assets, share swap... get your cheap shares now. Won't be long now.
I thought the previous owners shares are still restricted. Its retail dumping. Hopeful the day traders and pumpers see a good entry point and and start buying. we need volume and without them we are bound to stay in the current range or slowly walk lower until the APO completes. I dont know about you but i would feel much better with the pumpers putting buying pressure here until the RM APO completes. Especially after seeing my portfolio loose 6 figures from the highs a few weeks ago.
Its not legal to communicate and manipulate stocks so market makers used code by trading low number of shares. Most SEC regulated companies have compliance archiving setup to capture all messaging, and electronic communication for 7 years. MMs used code to relay information between market makers. Not sure how much of this is still real today since I can also buy 911 shares or 100 shares and make it look like it a signal. When the buy or sell with signal is for a amount with the 5th decimal point .15251 or similar it it more likely a MM sending the signal since retail cannot place trades using the 5th decimal.
Yes not cheap I use to work in a pit crew in my late teens. In some series you rebuild the engine between every race... Slick tires are very expensive any you need multiple sets a race. Now to win a series you need big money backing your team.
I'm agreeing with you and stating the same thing. but somehow I'm a troll
I'm disagreeing on "name change = higher price".
8k on pipe financing = sets higher price in APO. That does not have to happen the day the name changes and don't want to set false expectations.
Its coming! The price will shoot up all at once IMO. No more stair steps, no .25 no .50 no $1 It will shoot straight to the proper value of the company once the Pipe and 8K are released it will be set. Could be days-weeks after name.
Sorry if I come off as bashing I am very positive on EMPM/SAEAN. It takes buys and sells to make a market. There is no selling going on here so the market makers are forcing it. We all believe this is going to $3-$5. This will not happen like a normal reverse merger. The selling is not here and the accumulation is through the roof. There are not enough shares trading for it to step up anymore. If the price goes up the accumulation will increase and no more shares will trade hands and the price will just stop. On a normal pinksheet you have "us" creating a market. The flippers create the selling side and new investors create the buying side. Sometimes you even see price increase with diluting as notes convert... (like the $300k worth of new shares back in August). selling is needed for higher prices.
I think too many here are hanging on too tight for the RM/name change make any differences. Creating false hopes of people thinking name change = $1++
and it not happening might actually drop the price as they dump shares into MMs hands in the following days..
From everything I read on APO's the price will be adjusted when the APO PIPE is completed.
If you read my posts as me being a troll or brasher I'm far from it. Email/Chat does not always show the correct tone or emotion.
yes I did. Price will be set when financing is complete. the volume will not be here because we are holding out for $3-$5 or more.
The Market maker programs that control the price will actual hold it here to try to create more liquidity as we are seeing now. We need to sell our shares for $1 and that price is too low IMO.
I disagree. And I'm not bashing. I believe there is not enough liquidity here. If we are not selling and an APO is going to happen with pipe financing where are the shares coming from that will get sold for $1?
Market Makers know better than to sell shares they dont have. I believe the default 5-10k blocks continue to trade between market makers keeping the price right here so they can continue to accumulate shares for their clients.
The price will only jump when the supporting documentation regarding PIPE financing is applied. The price will correct at that time.
APO takes 30-45 days to complete.
Yes that is what I said. But even if a private investor wanted to invest 25 million why on earth would they buy direct shares off the open market is what i'm saying. With less than 200k shares trading on average it would take forever to buy the shares. the price would skyrocket and they would pay more than $3 per share. They would do a private placement and get a better price.
They get their shares at a discount. say $3 APO price could be set at $5. they cannot possibly buy 5-7m shares X 2 investors without driving the price up above $3
Its the same few flippers and market makers causing the 100-600k daily volume. to get 5 million shares every share that trades for 30 days+ would need to go to them. the price would easily jump to $5 + in a few days.
They have no other option than private placement (pipe) to invest that kind of money.
Also if its an institution or hedge fund there are rules about investing in pink sheet they need to wait for the RM/APO to complete.
Yes correct they cannot get the number of shares or dollar amount. I was answering the question why would they pay $3 if they could buy shares of EMPM now at .13
Only one problem. No one is selling except a few flippers that bought in at .20+ and want to cut their losses. Maybe a few who bought at .01-.03 and are getting shook out. Every other share is locked up.
I have been playing RM's for a few years. I have yet to come across a APO. Does anyone have any APO success stories to share including tickers?
Next question why would pipe financing buy shares at $3 if EMEM is trading at .13 and they do DD and see this trading at .13
They want 25 million dollars worth each. for a total of $50m they cannot get 16-17m shares or more off the open market. 80-90% are currently restricted or in the process of being bought and restricted.
If they started investing $25 million at market they would get about 150,000 shares and this would be trading over $3 imo They only way they can invest $25m is through private placement.
Read the Wiki link I posted. All pipe financing can be filled with restricted shares. They register the pipe shares. It looks like they can sell the pipe shares at a discount (say $3 per shares) and based on valuation still set the price of the APO to $5. The pipe shares have to remain restricted for a period since they come from restricted shares. We are the minimal liquidity.
"An APO is a quick transaction compared to an initial public offering (IPO). At the closing of an APO, the public shell and private company sign merger documents to complete the reverse merger; file a 8K with the Securities and Exchange Commission (SEC), which is the required public disclosure of transaction; file a registration statement with the SEC to register the PIPE shares; release PIPE funds from escrow; and issue a press release announcing the completion of the transaction. The company’s stock now begins trading on the OTCBB, reflecting the new valuation"
"investors expect a discount on stock since they are buying restricted securities and thus this is a more expensive cost of capital to the company. The aftermarket of an APO typically takes 6–12 months to develop and thus there is minimal stock liquidity immediately at closing."
https://en.wikipedia.org/wiki/Alternative_public_offering
Re-read the APO process. I believe they can issue restricted shares and set the price. Less shares higher price. 80 % of 200,000,000 is 160m I think they are very close to completing the APO. Since the current OS is less the 200m.
When they issue the shares to the pipe investors they set the price much higher per share with less shares. Maybe sending it to $5 instead of $3 IMO to keep us above the $3 minimum for 30 days in case we dump 10% of our shares.
However when the APO closes, if we hang on tight to our shares this could jump to the $15 depending on cash on hand, assets, and demand as global investors want in.
According to the APO wiki they can issue restricted shares to investors in the APO process.
"An APO is a quick transaction compared to an initial public offering (IPO). At the closing of an APO, the public shell and private company sign merger documents to complete the reverse merger; file a 8K with the Securities and Exchange Commission (SEC), which is the required public disclosure of transaction; file a registration statement with the SEC to register the PIPE shares; release PIPE funds from escrow; and issue a press release announcing the completion of the transaction. The company’s stock now begins trading on the OTCBB, reflecting the new valuation."
Key is reflecting new valuation. "setting the price" based on cash and assets...
IMO There will only be 10%-20% of the shares publicly traded after the APO maybe 20-40 million shares for the 6 months following closing of the APO. Supply and demand will drive this up form "the new valuation"
https://en.wikipedia.org/wiki/Alternative_public_offering
Did not sell a single share. As my posts state it seems like they are trying to drive the price down. IR will not get back to EMPM shareholders. They are trying hard to flush the shell holders as they accumulate 80-90%
I read a press release that SAEAN did a market study on the little wid-u cars and while there was a market in Korea the are focusing on Trucks and SUVs for china and USA markets.
True story. Why would any American replace their engine in their aging car. If the car is worth keeping it is a collector car and worth more with a gas engine.. I would rather buy a new car with a warranty and scrap my old car than upgrade the engine to electric. Americans also don't want to drive golf carts on the road. Releasing bad business news after Lee stating they will be the next Tesla seems like a plan to drive out shell holders to me.
Hi Pi,
I am concerned. it is a note. as far as i can tell it all converts at .03 conversion rate. The note will not be paid out of Saeans restricted shares, and i have never seen a note paid with shares bought back at market.. Of course they will be diluting. The first $300,000 was paid back in mid August. Right along with the high volume.
However these shares are going to Saean inc who is merging with Saean ev (empm). these diluted shares will be restricted.
Now with the addition of new shares Saean's percentage of ownership goes up along with what Chen is stating about the 80% ownership.
Also Saean had to pay EMPM management's payroll and fees for filings and any other operation expenses without writing a check out of their accounts since the merger has not happened yet.
The good news is Saean can retire these shares after the merger is complete to drive up price... The total shares the note added are a little over 30m once converted.
I keep looking at the press release from yesterday. EMPM is "heading in a new direction"
I don't like this direction.
There seems to be lots of fear here. New investors who have not done DD wont touch this for obvious reasons. Friday's news was another big red flag.
A note is a note. That one put a value of .03 a share on this in their eyes. Also when that note converts more shares are added to the OS.
And the nasdaq they are laughing at us. How do we get to $3 when Saean just paid .03.
Of course anyone who does not do their DD is selling and new investors are not buying. Saean is more than happy to see them go.
Today they gave them some news and the volume to get out.
I'm happy to take their shares at a discount.
Lol That was the translation of the message. Should have added quotes around the entire message..
Hello! My name is Park Myung-Chun. The relevant documents sent by our shareholders at our request are being carefully reviewed, and the missing sections will be contacted individually. In the future, we will take stocks of shareholders to Samsung Securities account of Saean Corporation and send them to Saean headquarters in USA. If you are uncomfortable, please go to the securities company or put the new stocks you have on the Internet into your new account. After receipt of stock, please have the relevant documents listed below and send it by registered mail. For smooth processing, we will send you a 'scanned picture' after stamping the corporate seal on the stock voucher. Please note the benefits. In addition, shareholders who have not sent the relevant documents so far, please check the documents as soon as possible after sending the documents, if you contact us after the shipment, we will proceed as above. Copy of ID card with phone number (If you transfer by phone or internet, please send me a note that you have transferred it under the ID card for a few weeks.) Thank you. Receivable Securities Account Number: Samsung Securities Gangdong Branch 4. Receipt of Stocks after Stock Exchange in US Headquarters
Saean is giving EMPM over $900,000 in cash for shares. Big things happening. This is so rare to find down here in the Pink sheets.
Correct. I'm not seeing a freeze or chill. If there was it might have been created by the transfer agent updating AS. The paperwork might have been in order and it was removed.
The Dtc holds shares or tracts registered shares for brokers, investors... for matters like paying dividends, adjusting shares like splits... it does not mean all 62m shares are going to Korean shareholders. Many pink and OTC stocks have the entire unrestricted shares held at dtc. A chill is usually caused when a transfer agent does not follow the rules. This could be caused by the paperwork to update the AS. By us meddling with trying to correct old typos directly and not through IR could be causing more paperwork and filings EMPM has to release before they can move to the next step. Or the DTC needs to investigate the reported AS update that did not come from the company via a release. The transfer agent might have caused the freeze imo.
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html
Welcome back! We missed you.
I amused PI was a girl, favorite movie is "note book", likes "Justin bieber" "ariana grande"... maybe in her 20's LOL
number 5 on the Breakout and we made the buzz cloud. Didn't check twitter yet but there should be lots of eyes on us this weekend.
Where in the pinksheets do you ever see over 900k worth of notes with no interest terms? LOL Big thinks coming...
More importantly... Where is longface?
With the Korean shares restricted for 6 months they need to reach and stay at $3 for 30 days. They need to keep 30% of the shares unrestricted.
Saean completed 2 audits. I believe we will see the valuations from these audits, and assets to set the price of SAEAN. I also beleive there is about 5% of shares they can still buy back from the open market to push the price up.
Now if i can just find that link where he says SAEAN will be as big as TESLA
Next stop NASDAQ
Right on time. The share swap was scheduled to be completed today and Saean gives EMPM lots of money payable in shares if they cannot make good. I did not see any interest as you see with normal notes. just payable in shares.
looks like Saean will hold a majority of shares very soon and change the name...
now they pay the notes with the restricted EMPM shares and SAEAN owns the company.