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And... the most important part is the new company wants shares in it's company so it creates them. The old shares in the shell are apportioned i.e. converted in the the shell equity value, which is 100k-200k total, and this is allocated into new shares in the new company.
So, if the public company is currently worth 35 million and this shell is worth 100k the shares of this shell (ALL OF THEM IN TOTAL) will represent 100,000/35000000 which is basically zero.
When a shell company Reverse Mergers into a private company the shares of the shell get exchanged for shares in the new company at a rate that commensurate with the liquidation value of the shell.
So basically if you own SPCL you will get some minuscule fraction of a percent. So even if the BS "0.35" PPS claimed is correct your shares will be worth a far LESS than they are now because you will be splitting a few percent of the new company between the whole authorized share number.
At what is worse is your broker will charge you a reorganization fee to get so duly screwed by all this. I would just go to your broker, force liquidate your shares and save yourself the reorg fee.
If you flip you can lower your costs so the inevitable bleed hurts less. This will move again. There will be signs before it does.
When there is no retail buying the banker/MM will sell a few shares really low to try and get people to dump. It is odd-lotting. I wasn't watching anything yesterday so I don't know what happened but I suspect 6-8 shares were sold cheap and that triggered someone's stoploss that dumped the rest.
You are in the middle of a nice share restriction event. I don't usually trade stocks between $2.50 and $1.00, it is a statistically bad area to buy anything, but I think I'll be buying a few soon.
Just know the number of shares. Don't remember and frankly don't want to put down my beverage at the moment to go through a filing.
HONEY JAR.
This company exists to benefit the people getting options and stock grants. NOT YOU. It will never benefit a retail investor because selling shares is and will ALWAYS be easier than actually making money.
Once the shares are sold, to you, there is no reason to make a profit. Everyone in the company makes money on selling share... so why sell product?
The only way for retail to make money in this shit is to NOT invest. By when the MMs restrict share volumes (like now) and flip out when the squeeze the price to unload insider shares, options and dilution.What is happening right now is Maxim, or whomever is doing the offering, is trying to buy up shares as cheap as possible to restrict the liquidity. That way when the pump happens the stock price will jump. Since most of you have average positional prices of what $3+ those of you that haven't sold will just hold so they can unload the shares in the newly writ kitty at higher prices. Then as the price comes crashing down they will unload the shares they bought sub $2 (sub $1.50 maybe) for a minor profit. They get their fee to dump shares (that is what "investment banking" is) and small profit on flipping your shares. In the end, only those that sold win.
It is a penny stock. If you believe in the CEO of a penny stock then you might as well just burn your house down.
For 3-4 years I have been telling this board the same thing. LEARN HOW THE GAME IS PLAYED. And have a Happy New Year's. I know I will.
You have 4.5 million shares about to be sold... you know what happens when there are shares to be sold :). Share restriction, squeeze, spike.
I am checking out so no more internet for awhile. Peace.
What's going on? Everybody set up for the January 1st MJ run? I don't own a damn MJ stock right now.
Merry Christmas and Happy New Year!
I have internet!
Since that 13 was filed 11/13 there was a brief spike and then... crash.
And then what do you know Maxim was setting up to dilute because there is a new registration! Now, review what I wrote here...
I told you to watch for the 13 filing and the crash that would follow... and I told you what to expect after the S3.
:)
I am done trading for the year. Will disappear until maybe Feb/March time to travel again for me. Go watch Sky People Fruit Juice, that is also a scam with a "product." The easiest key noticing that scam is the website says in the footer "IR." So the entire purpose of the website is get people to invest not to buy the product.
Needs to be in Vegas I don't do Paypal.
Both are likely, as they would have to do the former to do the latter. No one is going to take over this shell with all the billions.
It obviously is a company that is attempting to sell shares. That is 100% obvious to anyone that hasn't already committed to it.
You will learn. As the story continues to be next year, next year, next year. And you shares are worth less and less.
Based on the timing of both my entry and exit... it appears I know more about this game than the IR person.
R/S is coming. That is all that matters. I wonder what the next scam idea will be? SWET, "Super Welcoming Enema Treatments" a medical device company?
"Sugar Water Energy Tonics" a new pot infused beverage?
Could be anything. Load up for the next in stupidity!
Never said it was defrauding customers. It is not doing anything for retail shareholder value though. You are retail right? You aren't painting some cotton right?
And, every post I had... was curiously prescient. I have a good track record of being ahead of the game.
How about this. Go to Vegas and set up a bet, I'll bet you in 15 years your value per share will be less than it is today. That way I can actually profit off of your stupidity.
I have been here to explain what people like you don't understand. And, I conveniently predict the future along the way.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108264137
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Really the only pattern here is this company has taken in a few hundred million dollars by selling shares. According to the last 10-q that number is 233,564,055. So let's be clear here... this company has sold 200 million dollars in stock.
It would appear... just based on the time stamp of my post. I was correct about what was going on considering the stock's price.
So regardless of your opinion, the stock went straight down.
I have. Over the past three years I have provided more than enough proof for any logical human being to understand what this company is about. It's your money, you are invested, so the burden is on you to go back and read.
Yes, there is a pattern. I come back to remind people this is a scam. Though, I have no idea what the last news was. I don't pay attention to news. I pay attention to signals and filings.
But, let's say your logic is correct. Let's say I show up to short. Surely, after three+ years if this company wasn't a scam the stock would have gone up and stayed up? There are two narratives... mine is consistent and verifiable and accurate.
Of course there will always be more suckers. If they run out of suckers, they will just change company name or add new "revenue" streams to attract new ones.
This stock could have made anyone rich... had they just flipped it. As I've been saying for 3+ years.
I am out of all none-scam plays.
Haven't switched to short yet... though have been buying leap puts.
If all the pieces of the world's economies were dominos... a really large swath of the world just rocked a bit and fell.
I started into a couple of others. There are a couple of these 100-400% bouncers a year. So far, been a great year for them.
Good thing I stopped playing THLD. Got crushed after hours today.
I have no questions. I know what is happening.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124484970
So you got... absolutely nothing that contradicts what I wrote.
"an amendment"... for what purpose? Why was it amended? Other than to update the closing price? Get a command terminal and diff the S-3s and see for yourself what was changed.
"active S-3 registration" means what? What does "active" mean in that sentence? They are still selling?
"I can't comment" of course not. Why would they say Maxim has to legally disclose they are selling into the open market. That would make ADMP look... like a scam really.
"Maxim... last transaction" yep. What was the last transaction? The "last" transaction was the last S-3.
You haven't read it then. It states pretty clearly that "Maxim expects to receive or intends to seek compensation for investment banking services ... in the next 3 months" and that "Maxim makes a market in..."
Maxim is direct registering shares and warrants for ADMP, which means they are getting paid to sell shares and convert warrants into the open market. Feel free to actually read it this time.
https://drive.google.com/file/d/0Bwv8fVUzSRsJOE5sdWtWd0FfamM/view
The shares are being sold by Maxim in direct offering to the market. 11.1 million registered direct,
Check there disclaimer in their own rec statement
https://drive.google.com/file/d/0Bwv8fVUzSRsJOE5sdWtWd0FfamM/view
It is an amendment but the shares and warrants are currently being sold. The purpose of the amendment was to acknowledge it was still ongoing.
And they have already been deleted.
True, the company could not issue new shares with a registration, S1/3/8 etc. But, that isn't really the dilution that matters to you as S-3's tie up those new shares.
The dilution that matters to you is contained in the 13G(D)/As. So if you go through each 13G(D) filer and track there 13G(D)/As you can see when the number of actual tradeable shares increases. Which is more important. S-3s are good things because there is usually an incentive (i.e. warrants) which are options priced and this usually mean the stock is going up. Hence, the APDN going up after the last S-3 in November. A few months later.
I didn't consider that. I can try to look into it.
That is a clearance issue. Until a ticker has been reclaimed they are yours you bought them, but that means very little.
Algos often will buy shares in new tickers by accident.
In order to be classified as an institutional trader all you have to do is file two LLCs. Until you have more than $25 million you don't have to file with any regulatory body.
So, for $60.00 or so, you can be an institutional trader. Once you are listed as a fund or hedgie it counts.
World Vision Inc. This is straight from Wikipedia. This is the best CEN can do with it's money apparently.
"In February 2012, based on information provided by the Shurat HaDin - Israel Law Center, World Vision Australia allegedly provided "financial aid to a Gaza-based terrorist group", the Union of Agricultural Work Committees (UAWC), which they also alleged is a "front for terror group the Popular Front for the Liberation of Palestine". WV had "suspended its dealings" with UAWC until the outcome of the investigation.[48][49] WV resumed working with UAWC after AusAID and World Vision found the allegations were unfounded.[50] The Israel Law Center considers World Vision's response to be a whitewash and maintains that the allegations have not been refuted.[51]
In August 2016, Israeli officials claimed that the World Vision organization was providing the military wing of Hamas with tens of millions of dollars in Gaza.
World Vision has denounced these allegations which come amid Israeli campaigns against the non-governmental organizations that worked with Palestinians in the West Bank and Gaza Strip.[citation needed]
On 15 June 2016, Mohammad El Halabi, manager of World Vision in Gaza was arrested at the Erez border crossing and charged by Israeli prosecutors with channeling its funds directly to Hamas, a listed terror organization.[52] A senior official with Shin Bet (Israel's internal security agency,) stated that Halabi was recruited by the military wing of Hamas 2004, and instructed to penetrate World Vision.[52][53][54]
According to the Israeli newspaper Haaretz, Mohammed transferred cash to Hamas to help it in digging military tunnels and purchasing weapons.[54]
Muhammad Mahmoud, Halabi's lawyer, told Haaretz that his client has nothing to do with Hamas and that the fact that the investigation had lasted 55 days proves that there is a problem with evidence.[54]
Israel’s Shin Bet intelligence agency claims that about $48 million of World Vision resources were funnelled to Hamas in just six years and another $80,000 was used for building a Hamas position in Beit Hanon, and paying salaries for the members of Hamas who fought against Israel in the 2014 war.
World Vision confirmed that its funds are spent in accordance with legal requirements that contribute to peace and the charity works closely with the UN and Red Cross.[55] The charity initially defended Halabi as a “humanitarian”.[56]
The Australian Department of Foreign Affairs and Trade immediately suspended all funding of Palestinian programs by World Vision.[57] World Vision Australia chief executive, Tim Costello, accepted this move as being the correct thing to do pending a proper investigation of the allegations.[58][59]"
He most certainly is. That is why he has sold everything, his condo, his house, his legal office. His little scam made him a lot of money and he knows that brings a lot of eyes.
FITX is dark for a reason. Bill is missing for a reason.
Only one of us knows investigators and lawyers that look into this sort of thing.
Actually, he does. The shares should not have been delivered and he, as the responsible party, is the one at fault. It is his signature that authorizes the agent.