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Sort of... blame the transfer agent / company though.
It's really quite complicated. The MM and your broker sold shares that existed but had been cancelled in the reverse split / consolidation. They aren't required to know this though. They are only required to adjust / cancel shares on notification.
At the same time shares in the post-split company where also probably being sold. So some people were selling shares at 553x their value and some weren't. Simultaneously, the OTC Market was posting prices at post-split values while other markets were unaware of the split...
And, then on 12/21 everything exploded...
Wait... I invested in a nanocap. I sold too early!
It depends on when you bought the pre-split shares. If you bought pre-split share prior to June there is no issue with owning them. If you bough pre-split shares after June but before 12/22 you may not have actual shares.
During that period shares were sold that don't exist, i.e. can't be closed.
Tuesday's are the only day good for me though. So... I'll take my investment back. I already sold the shares though...
I explained what happened in a later post.
http://otce.finra.org/DLSymbolNameChanges
GOOF just did the same thing only they only waited a month to file. Just search for 11/11/2018 through today
If you want more than that just go through that feed from FINRA and find the companies with symbol changes for CUSPID and check the dates of the R/S.
I'll invest. But only if you break ground on a Tuesday.
So this company did a R/S. At the time there were 920 million outstanding no par value shares of which 240 million were not in the float. This occurred in June. They did not notify until 12/21 that this had happened.
Since June 20 million shares of the pre-split company have changed hands. When the notice was finally received the the whole world went haywire. There were no shares to sell unfortunately.
That's because TD's computer system symbol based.
The same thing happened to GOOFX the day before.
There are overlapping legal entities here. You should talk to the transfer agent. Or you can just check the symbol changes and who offered shares at what price on 12/21.
You will see there are two separate sets of transactions.
There are over 900 million shares PLUS 1.6 million.
I did not state an opinion.
A false share exchange where a R/S was inverted has happened before.
This RYSMF business is truly spectacular. It's pretty rare something so ... fun ... happens. Are you all following along?
Cool! I can't wait to not see it!
;)
This is a foreign issuer. You'd have to go after them or the MM directly. FINRA and your broker are not on the hook here. Since, this is a shell good luck there.
This isn't a case where you lost money. This is a case of a non-existent purchase.
No, just the company. Asking for bids or filing for an easement are far different than getting approval and being able to pay for construction. You can go to your local officials and file for a road easement for a pipeline and get it. Are you going to build a refinery?
I think 2000 cities in the US made pitches to Amazon but only 1 actually got the second headquarters. That isn't fraud.
So 6 billion times 0.0003 is not a bad chunk of change considering they were free.
It wasn't meant to add value. I was just pointing out what this company is really selling. Shares.
Honey pot. Share selling scam.
Well... up 400 % now. 2 to 5 to 2 to 5.
GRNH went from 0.008 to 1.35. I know it was a scam. I read the very first pump in August 2012 about it.
COBI is a scam. No doubt there either but do you have any data that shows anything related to how the stock price will play out near to mid term?
All stocks are scams. I can prove to you that Apple's stock price tracks with outstanding shares perfectly, i.e. the stock only goes up when the issue new shares. Check the filings, even during buybacks the OS went up perfectly to stock price. They are ALL share selling scams just some are more open about it.
Public companies are ALL scams.
I found that little strip mall to. Shame Google Maps doesn't drive into parking lots you might get to see her in the GPS store...
That's really unproductive. Do you have data to back up your assertion of being revoked? I appreciate your level of DD here but anyone playing this stock at this point is playing the odds. So if you have data that contradicts those odds, I'd love to see it.
In the last few months 147 OTC tickers have moved up to Pink Reporting via the non-SEC route. 15% of the tier changers were "upgrades."
During that time period how many have been revoked?
If you don't know how to get that data or haven't looked at that data yet how are you making any guesses?
This is a scam. No doubt. But, so were all 147 that bumped up.
EDGE I am out. Flipped out at 1.02/1.03. AKAO, AQXP, OPHT are similar setups. I always sell the premarket moves. So up and green I am out.
I agree. Simple scam.
If you are still on here we turned on the algos to the public. They are in BETA testing now. I just posted the accounts to follow.
We turned on the service... if you want to follow the BETA testing follow @GravityAnalyti1 on Twitter or @Gravity_Analytica Stocktwits. If you want to know how I found AXGN, CLVS, ASNS, before everyone else... it'll be there.
Not most likely. Guaranteed.
Your stock is revoked people. That means it's gone. Zeroed out. Bye, bye. Even if the shell comes back it will come back as a new company.
Revoked means you don't have shares of anything anymore.
I don't think the shell owner and company have to be one in the same. Can be operating under. But, honestly, this one is way too out in the weeds so I might be wrong here.
$EDGE just moved 50% the other day. $ASNS up 260%. Not a bad week.
There is no MM here anymore.
That is probably a good thing to track to find the movement before it happens.
No, it's stating that their business plan is making claims that don't match the case law.
The only problem is they aren't legally immune.
https://www.bangistock.com and is out of Israel.
IP address: 185.230.60.161
AS number: AS58182
AS name: WIX_COM, IL
Country: Israel (IL)
And, curiously the header is "Mysite 1"
That's great. That's not the point though. Would you invest in a real estate venture with someone in foreclosure? Because that's what $COBI is. A real estate company run by a person in foreclosure.
All that matters is the unknown. Where the 1.8 billion shares purchased earlier in the year sold last week in the run to 0.0006 or was last week that same group getting more? My guess is they were happy from 0.0001 to 0.0005+
Well, would you give those people your money to invest in real estate?