Liquidity is the quintessential struggle of all Nigerian princes
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Yes and no. A company who's current management that was already previously given upload access and already been verified but has not maintained their verified profile can still upload filings. But... we're talking about a new application. Very different thing.
During a new application it all happens at the same time. You apply and OTC puts up basic info themselves. CEO name, addresses etc. Once the application is approved and you get your OTC access you also get an immediate notification to verify your profile within 30 days. It's been months since OTC put his name on here. The only reason he would not have a verified profile by now is because his application is not done and he has no upload access.
There will be no filings.
No. Shells get an 18 month extension from the time of their initial quotation. Meaning a new company that gets quoted, begins trading and is considered a shell has 18 months to no longer be a shell. That does not apply here as GVSI has been quoted and its initial bid offer quotation began in 1998.
", the Commission is permitting broker-dealers to rely on the piggyback exception to quote the security of a shell company for the 18 months
following the initial priced bid or offer quotation for an issuer’s security that is published or submitted in an IDQS."
Page - 105
https://www.sec.gov/rules/final/2020/33-10842.pdf
This one has too many obstacles for an inexperienced CEO like Sharp to fix. He's a pretender that jumped on the custodianship bandwagon and doesn't know how to fix em.
When the inevitable happens here Sept. 28th, shareholders should sue him into oblivion and file SEC and Finra complaints daily.
Ahead of the regulatory enforcement date, TD Ameritrade will only accept orders to liquidate positions - (i.e. no new buy orders) starting on or after September 3, 2021. Please note: After the amendment
officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities.
Quoting and market liquidity may also be very limited.
The list is below as of August 30, 2021 and is subject to change at any time.
GVSI 382147205 Good Vibrations Shoes Inc.
Sorry, but if he had OTC access, it would say "verified profile" without that, it means the application has not been approved.
GVSI is not going to make it, IMO.
Covid ventilator scam
Like I said, Sharp dumped his frontloaded shares. "Crusader"
Sharp lost, prob dumped his frontloaded shares.
Breathe Medical Devices aka Ventilators are a Covid scam. It's disgusting.
Wouldn't get too excited too soon. It may not work out as well as George or you think. Might even be designed to backfire on him. Anyone that has seen his Washoe County testimony knows that George is nothing more than an overly litigious blowhard and a bumbling idiot that's just been lucky thus far that few have pushed back. That luck may soon run out.
Anyone that jumped on ventilators in June 2020 as their subsidiary is an unscrupulous scam artist of the highest and most despicable order, IMO.
FORW is a Covid scam play, "On June 1, 2020, the Company formed Breathe Medical Devices, Inc., through which the Company intends to
perform the Exclusive Distributor Agreement they entered into with Ligand Innovation Global for the sale of portable ventilator medical equipment,"
This guy is scum of the Earth
CV21-00906 - GEORGE SHARP VS. EVERLERT, INC. “Motivation is a critical aspect of this case. It is our position that Mr. Sharp is misusing the statute to locate and raid publicly traded companies so he can do reverse mergers and make money. That’s what this is all about, it’s not to protect shareholders so I think it’s relevant.” – David McElhinney
Yea George never pumps... "1. At all times mentioned herein, Plaintiff Market Broadcast, LLC (“MARKET”)
was a Nevada Limited Liability Corporation with offices in Ft. Lauderdale, Florida and La Jolla,
California. The Plaintiff is in the business of bringing investor awareness to public companies.
2. At all times mentioned, Plaintiff George Sharp (“SHARP”) was the managing
member of Plaintiff MARKET, and SHARP has become recognized internationally as a crusader
against penny stock fraud and has been loudly applauded for his efforts.
Later in the complaint, Sharp discloses the payment he agreed to receive for promoting HAIR; a copy of that stock promotion agreement is attached to the end of the complaint linked above.
The AGREEMENT required the Plaintiff SHARP to be paid 300,000 free-trading
shares at the time that the investor awareness program began. The shares issued to the plaintiff
did not become free-trading until July 10, 2012, when the shares were already trading at a 42%
discount from the high share price achieved during the investor awareness campaign."
George Sharp will never get this current without a Form 10 and audited financials. Which won't happen. The guy is dumb as a rock. He never planned to. He frontloaded it in April and dumped in May/June, IMO.
LOL, George Sharp sounds like a bumbling idiot in this hearing.
He's just a grifter that has moved from the promo game to the analyst game to the consultant game and now trying to jump into the custodianship game. All of which he's an ineffective blowhard at.
He's used his various schemes to fabricate a persona around himself of being an expert and a crusader against fraud, which appears to be a tactic to conceal that he's among the biggest frauds out there.
"The men from 2017 through 2019 allegedly used fake resignation letters to seize control of four shell companies and then used the Securities and Exchange Commission’s EDGAR public filing system and bogus press releases to fraudulently “pump up” their share prices by claiming new business opportunities, the indictment says."
The indictment was just filed on a case that states was 2017 to 2019. Which means they spent 2 years at least investigating. If anyone else was going to be named, they would have. Use common sense. You think they don't know exactly who were involved in fake docs and fake reinstatements? They're not going to withdraw their indictment they worked 2 years on to add someone else just because Trader-Ron has an ongoing grievance and unfounded opinions.
LOL, completely factually false on every level.
Jason Black was legally appointed to IGEX from John O'shea the former CEO (now CEO at CYIO).
Jason Black got the 3 year dead IGEX entity current and appointed Martina Leon.
The majority shareholder since 2017, Tom Shea (no relation to O'shea) did not like Tina and he had her removed, not Jason Black.
Tom Shea reappointed Jason Black to find someone else that would work with Tom on a CBD project he had.
Leonard Armenta was recommended. Shea and Armenta were agreeable to working together and Jason Black resigned and appointed Leonard.
None of that is remotely illegal. These baseless claims were already investigated by Finra and SEC, all supporting docs provided, and cleared of any wrongdoing.
The only person that's going to end up in trouble is Martina Leon for violating NDA she insisted on and targeted harassment and defamation.
In the meantime, Jason Black is sleeping quite well, without a care in the world.
“We hope to complete our plans to merge and acquire internal and external brands and entities in Q2 and throughout the remainder of 2021,” stated MEDH CEO Hans Enriquez.
Nice mid day dip buying opportunity, loading before end of day pop.
.02 looks achievable today
Big buys, hitting, next leg up coming
It's churning well, 6mm volume in 2 hours, a lot of buying pressure
With today's bids, it seems others know news is coming too
I spoke to Hans, he had a baby last week, he expects to release news this week. $MEDH
Looks like dip n rip coming here.
Bounces off .01 every time. Easy money
That's just speculation, We'll see what happens, Hopefully something soon. MEDH
It's much easier to have majority voting control than to send out a proxy letter to every shareholder or get the person that has majority voting shares to sign off on what you want to do. The fact remains, per last filing, Hans obtained majority voting control in January. Before that he was just a CEO who could be fired by the majority preferred shareholder.
Why would he risk bringing in his assets before he had full control of the majority votes? That would not be smart.
He gained real control over the company and its votes in January. Let's see what he does from here. Hopefully something. In theory, now would be the time for him to execute on his mergers and name changes and all that stuff he's been saying. All we can do is watch and see.
You can see in this MEDH example, when previous management changed capital structure in 2019. Go to Wyoming - History - Common Amendment 06/20/2019
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=095005198060174083219081253009120205228211135226
Scroll all the way through it. Not only did it require by law a director resolution, it required a majority shareholder resolution as well.
Without majority shareholder authority you can't effect any significant changes. According to last filing Hans just got the preferred majority shareholder block in January. So again, we'll see what happens from here.
No, you cannot effect mergers and acquisitions without not only a directors approval but also a majority shareholder approval. That's what preferred voting blocks are for. To avoid having to solicit every shareholder for corporate action by way of preferred majority voting power.
A CEO with no majority votes can do very little. Release news and basic resolutions. Any capital changes like R/S, A/S increase/reductions, or corporate actions like mergers, acquisitions, name changes all require a majority of shareholder votes.
Now that Hans has majority shareholder votes, he will hopefully begin to merge in his assets and build value. We'll see.
Then you obviously don't understand how things work. There was a transition period. According to last filing (sub sequent events) he just gained control of the voting shares. You can't effect any changes without that control.
These things don't happen overnight.
If you read the disclosures, those notes were issued back in 2019 and early 2020, well before Hans. It seems more inherited than his doing. Blaming him seems a bit unfair.
If he brings in his assets and adds value, a 300 O/S company is still very attractive and could easily trade exponentially higher.
I'm watching to see what he brings to the table for MEDH.
Set up for a nice bounce here, chart shows way oversold.
Looks like LEAS is the new board pick, nice one.
What's strange about going into a pub co with less than 60mm O/S? Seems perfect for his holdings. Maybe he great deal he couldn't refuse.
Read the ibox, try and keep up
CNNA Dempsey called this last year it ran to 009, I think he's onto something
Nice feature on these weed plays...
http://equitiesobserver.com/featured/3-cannabis-stocks-set-to-benefit-from-expanded-legalization-this-year/