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Yes, I have mine. They are restricted though, so I can't sell them. Some brokerages lifted the restriction for free, and some are charging a fairly large fee. If GCAN continues upwards, then I will pay the fee to get the restriction lifted.
Are you sure you don't have any GCAN in your account? Back from owning UNGS? Or did you sell out for the divy date (2 years ago or so)?
Now a 1-20 reverse split, with an increase in AS to 5 billion, which will not be adjusted during the split. After split, ~25 million OS, and 5 billion AS.
Looks like they decided to do BOTH the RS and AS increase, unlike what was stated on this forum (some by posters, and some by posters stating answers from IR).
Is there anybody with Questrade that received GCAN dividend shares?
Is there anybody with Questrade that received GCAN dividend shares?
The problem is that this is the exact move ABCE pulled at the end of 2016. The RS happened, they never obtained uplist status, they lost the financing, and were stuck with a $150k note to Blackridge. Only thing different this time, is the $5 million is with a different company. Once again, they are giving a $150k note.
So if history repeats itself, then all shareholders will be screwed again. Even if they don't lose the financing (and it be a total loss like last time), then it is still up in the air what the effect will be on current shareholders).
Exactly, which is the same thing that happened after the last RS. They didn't achieve OTCQB and the deal fell through (and they were left with a $100k-$150k bill). You would have thought they would have learned from their mistake.
This is what happened with the last split. Even worse was that ABCE didn't end up making the requirements for the deal, and lost the $5 million dollar financing. But what they were left with was the $100k ($150k?) cost for filing the S1. So the pps got cut in half due to the announced RS, and they were left with a note to pay off.
And post RS brought ABCE to hear, so it never got any better.
Sucks that some shareholders got stuck in the same situation as last time.
Sound familiar?
Wow, exact same thing ABCE did last time (a little under 2 years ago). Didn't work out well last time. Be careful.
Yes. For me, the symbol shows up as a number, and the name says restricted at the end. I suppose I should inquire about them being restricted.
Due to how long they took to work out getting them into my account, I will get back to you in a year about the "restricted" request.
I just received my GCAN shares yesterday. I'm with Questrade, a Canadian broker.
I imagine I must be one of the last ones to receive them.
I attempted to check with the TA to see if the recent dilution has been small or if it has been significant. However, SNPW chose to use a TA that doesn't give out this information to shareholders (EXOL use one that didn't gag themselves). So, shareholders will have no choice but to wait for updated share structure every quarter.
I see what you are saying. However, all shares issued and not sold by note holders are still available. Also, SNPW could have already issued however many notes (not saying they have).
Either way, I hope the new management/company treats shareholders better than the EXOL management. GLTA
When VNDM was sitting there for EXOL I didn't think that they were holding too much, so I agree with that now as well.
How can you say no dilution at the moment? Just due to the NT-10Q filing? If so, then that is a small window.
The 0.395 is VNDM, who is sitting at the same level they were sitting at with EXOL (0.395/50 = 0.0079) for months.
Yes, I am referring to when they are able to be traded by retail. So, before that happens, I need my divies to show up in my account. I have been waiting what 10 months now for the GCAN divies. I believe there are still 2 or so brokers that haven't distributed the proper amount of shares to their clients.
I hope I get my divies (including GCAN) before they start trading.
To be clear, I mean that there is a funny a-hole on the bid. The bidder put the exact amount that has been on the ask for a few days now. It's taunting to say if you want to sell, you can sell to me down here. And it's done in a rather obvious way, rather than just putting say 200k on the bid.
What an a-hole on the bid lol
Scottrade definitely wasn't last as some people still don't have their GCAN divies yet.
Like me :(
There are apparently still problems with getting enough shares from the transfer agent.
News coming?
There ya go, updated info from recent filings is better.
The volume hasn't been here over the past months for those shares (in the increase in OS) to come into the market. So they have been distributed and will likely be sold at some point (if it was to debt holders). Question is, will they release news soon so they can sell into the news?
Thanks for the info tips. Filing came out over a week ago, so it has already been seen and factored in by investors.
Just make sure you get out in time. The RS will be happening any day now (according to the company's desired timeline). Watch the following closely:
http://otce.finra.org/DailyList
That said, both BMAK and VNDM are on the bid at decent levels, so it could be another good day for the pps. GLTY
Oh I will not be touching EXOL again. After the split, I may consider SPPC depending on how they treat being a publicly traded company.
Check out L2 now. All of the large bids have disappeared. VFIN is gone, and the large bid from NITE is gone. I'll admit, there is no large selling going on right now. But the problem is that any normal retail selling (any of the traders who bought recently that want to take their profit or get out even) could easily take this back down to last week's levels.
It was almost certain the pps would get propped up before the split. Just a matter if it can be kept propped up all the way until the split. VFIN just left the bid, so keep an eye out on the 2.5 million bid by NITE at 0.002. If that disappears, the propping may be over.
Yes, anybody who owns common shares of EXOL before the split, will own a much smaller amount of SPPC after the split. That is the problem.
Like I posted before, there likely would be a run before the split to prop up the price. This has already happened (and could continue more possibly).
I posted last week too that L2 showed the pps was about to go up. The problem is the split, and the need to get out before the split. Btw, in order to get out before the RS you would likely need to sell this week, as I believe the anticipated date of the RS is September 21.
Why would they buy before the split though? Only EXOL common shares are effected by the split. No preferred shares will be split.
I don't think I'm going to touch EXOL again, but I am watching it, and VFIN is on the bid at 0.0011.
It will come after the 20th. 20 days after the info is mailed on Sept 1st. Clearly written in the filing.
Well, here at most the split will be 50:1, it could be less.
And now at least we know that the split will not occur until at least after September 21 (20 days after mailing date of info).
SPPC should want the pps as high as possible by then, so hopefully we can get some sort of run for EXOL/SPPC.
T trade for 1,333,082 shares.
Equivalent to the number of shares traded (buys and sells) between 13:50 and 15:03 today (500,000+500,000+8,000+100,000+225,082 = 1,333,082).
They ended up selling most of it at 0.0042, so much less than that lol
Whoever got filled 500k at 0.0041 immediately put it for sale on the ask at 0.0045?
Seriously?
That would be nice. Need to get through the 0.0017 right now though.
The large bidders on 0.0012 and 0.0013 need to move their bids up.
EXOL
Hard to say, but looks like EXOL could move back up a bit more today. Does look a lot more thin than the past week or two.
GLTA
In your Questrade account?
I have been back and forth with them for months and months, and each time they say they are trying with the transfer agent, but they can't seem to get things worked out.
I'm still waiting for my divi shares too from Questrade. And I owned UNGS years before the record date lol
No it is not, this is a new spin-off for UNGS.