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Agreed! $IGEN
There is no "pumping" a stock when insiders are buying millions of shares. They are putting their money where their mouth is and i'll buy with them. Go find me another OTC where management is buying shares in the open market and ill throw a ton of money at that too. IGEN clearly needed to consolidate. We will be green again either today or tomorrow without a doubt.
$IGEN
Same. Funny thing is the CEO would get in trouble with the SEC for blocking investors from viewing the GRSO twitter page. Clearly childish behavior by a loser CEO. It is a clear violation of the new SEC standard for social media. It is clear that the CEO here is restricting access to certain investors and he better put his big boy pants on and take the criticism. The guy is mad we are calling him out for selling over 800 mil shares in half a year. Too me, that is the same as someone expecting a "thank you" after they've slapped you across the face. It's childish at best.
SEC Says Social Media OK for Company Announcements if Investors Are Alerted
FOR IMMEDIATE RELEASE
2013-51
Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information.
The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it. Today’s report clarifies that company communications made through social media channels could constitute selective disclosures and, therefore, require careful Regulation FD analysis.
“One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information,” said George Canellos, Acting Director of the SEC’s Division of Enforcement. “Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.”
Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time.
Lona Nallengara, Acting Director of the SEC’s Division of Corporation Finance, added, “Companies should review the Commission’s existing guidance — it is flexible enough to address questions that arise for companies that choose to communicate through social media, and the guidance does so in a straightforward manner.”
The SEC’s report of investigation stems from an inquiry the Division of Enforcement launched into a post by Netflix CEO Reed Hastings on his personal Facebook page stating that Netflix’s monthly online viewing had exceeded one billion hours for the first time. Netflix did not report this information to investors through a press release or Form 8-K filing, and a subsequent company press release later that day did not include this information. Neither Hastings nor Netflix had previously used his Facebook page to announce company metrics, and they had never before taken steps to alert investors that Hastings’ personal Facebook page might be used as a medium for communicating information about Netflix. Netflix’s stock price had begun rising before the posting, and increased from $70.45 at the time of the Facebook post to $81.72 at the close of the following trading day.
The SEC did not initiate an enforcement action or allege wrongdoing by Hastings or Netflix. Recognizing that there has been market uncertainty about the application of Regulation FD to social media, the SEC issued the report of investigation pursuant to Section 21(a) of the Securities Exchange Act of 1934.
The report of investigation explains that although every case must be evaluated on its own facts, disclosure of material, nonpublic information on the personal social media site of an individual corporate officer — without advance notice to investors that the site may be used for this purpose — is unlikely to qualify as an acceptable method of disclosure under the securities laws. Personal social media sites of individuals employed by a public company would not ordinarily be assumed to be channels through which the company would disclose material corporate information.
The SEC’s inquiry was conducted by Cameron P. Hoffman, Michael E. Liftik, and Assistant Regional Director Cary S. Robnett in the San Francisco Regional Office.
I posted this the other week and it still stands true. Misleading investors SMH!
Not even close to done. In Dec 2018, $GMEV owed 10 different creditors a collective $2.8 mil in the form of a judge ordered 3a10. Since then, here is whats been converted.
1/24/19 5.079 mil x .011 = $55,869
5/24/19 2.086 mil x .0041 = $8,552
6/7/19 5.079 mil x .0041 = $20,823
1/7/20 7.2 mil x .0031 = $22,320
2/24/20 9.288 mil x .0031 = $28,762
2/27/20 10.215 mil x .0018 = $18,318
3/5/20 5.659 mil x .0025 = $14,147
3/25/20 3.5 mil x .0015 = $5,250
3/31/20 5.869 mil x .002 = $11,738
Total = $185,779k ($186k rounded up)
The OS as of this report was 128 mil. SInce then, the OS has ballonned up another 82 mil shares with an average price of lets say around .006.
82 mil x .006 = $492k
$492k + $186k = $678k <---the amount converted as of 3/30/20
Again, The amount owed is $2.8 mil.
$2.8 mil - $678k = $2.122 mil left to convert FROM the worst form of dilution in the Otcs which is a 3a10. Investors who tell you a 3a10 isnt the worst form of dilution are amateurs and i'd be very weary of them.
That makes no sense. LOL!
$IGEN
Agreed. I think management is buying through MM INTL
$IGEN
Still holding my IGPK shares and its amazing that its moving again. Cheers to those that have been here since last year
$IGPK
Likewise my friend. You are killing the calls on OtC this year. Cheers!
$IGEN
Jackpot! Lets make some money my friend! Most hate it but i love seeing ASCM, it means we are liquid!
$IGEN
Penny break today? SO much DD on this, no brainer with the team involved.
$IGEN
Yes indeed. Beauty we have here.
$IGEN
Because Livingston still has $2.2 mil in 3a10 shares to sell. Could they cause another pop before they really unload? Sure. History with 3a10s in the OtC says differently. 3a10s ARE THE MOST TOXIC form of dilution in the OtCs, hands down.
Look at the companies Livingston is associated with, a buncha damn scams.
$GMEV
CC that is the Livingston Asset playbook. They pump the price up with a few day runner, and then they dump.
$GMEV
Maybe but they still have $2 mil in 3a10 shares that need to be converted and sold.
$GMEV
Zero interest in this Livingston Asset Share Saleathon. These guys have 3a10s and they are out to destroy share price. There will be the occasional pop here and there but dont get caught holding this thing on the next surge. They have to prop the pps in order to sucker in more buyers. Its coming
$GRSO
Not even close to done. In Dec 2018, $GMEV owed 10 different creditors a collective $2.8 mil in the form of a judge ordered 3a10. Since then, here is whats been converted.
1/24/19 5.079 mil x .011 = $55,869
5/24/19 2.086 mil x .0041 = $8,552
6/7/19 5.079 mil x .0041 = $20,823
1/7/20 7.2 mil x .0031 = $22,320
2/24/20 9.288 mil x .0031 = $28,762
2/27/20 10.215 mil x .0018 = $18,318
3/5/20 5.659 mil x .0025 = $14,147
3/25/20 3.5 mil x .0015 = $5,250
3/31/20 5.869 mil x .002 = $11,738
Total = $185,779k ($186k rounded up)
The OS as of this report was 128 mil. SInce then, the OS has ballonned up another 82 mil shares with an average price of lets say around .006.
82 mil x .006 = $492k
$492k + $186k = $678k <---the amount converted as of 3/30/20
Again, The amount owed is $2.8 mil.
$2.8 mil - $678k = $2.122 mil left to convert FROM the worst form of dilution in the Otcs which is a 3a10
https://backend.otcmarkets.com/otcapi/company/financial-report/247429/content
Im not debating when the conversions will be over. Not even a bit. I will debate all day when someone says a company isnt selling shares when they CLEARLY HAVE CONVERSIONS on the books. I guess the note holders are selling shares to themselves lol. They didnt get those shares from the company, they got them from the Transfer Agent lol!
$GMEV
So... When a company signs a CONVERTIBLE NOTE, it isnt “selling shares”? In what world? The whole agreement is predicated on the CONVERSIONS.
Semantics, really?
$GMEV
The debt holders SS didnt more than double in a few months. The company is responsible for the debt, therefore the company is selling shares. Blaming the debt holders is a great scape goat but we all know how the OtC works.
Semantics 101
$GMEV
Hard to say. This company and its sister company wont stop selling shares. Dilution is rampant with the incompetent management.
$GMEV
Whats this have to do with MJ now? That deal fell through and of course the company didn’t really release the info to the public. Shows how shady they are since they didnt release the corporate update the same way they release their other weak arse PR’s. Hearing rumors of a aeropod deal but that’s prob unlikely. Flip this turd on the next push from debt holders. Nothing more or less
https://www.otcmarkets.com/stock/GRSO/news/Grow-Solutions-Announces-Corporate-Update?id=262269
Chad needs to stop Livingston Asset from selling 3a10 shares. He is allowing them to kill shareholders here. Constantly setting 52 wk lows here.
$GRSO
Pennies are coming. $GRSO
Nice to see you doog. Only a matter of time here with $GRSO
Agreed! $GRSO
When it launches, so will the $LFAP stock price. Everything else is just noise.
Notice of Qualification out for the offering.
https://www.sec.gov/Archives/edgar/data/1104265/999999999420000034/xslQUALIFX01/primary_doc.xml
$GRSO
Im confident sellers here will be sorry. No worries over here with $GRSO
$GRSO
We are locked and loaded. This companies game changing tech is severely undervalued based on its current MC. A major correction is in order! $GRSO
Welcome. Just warming up here Wolf! $GRSO
Mama whale in this monster too?
Hopefully Dwyer delivers the goods by tomorrow. $IGPK
Sure does my friend. Only a matter of time imo $GRSO
I already posted the CEO response saying no AS increase, no RS, and no more convertibles. Facts outweigh speculation, do some DD.
$IGPK
The patient will be rewarded here. $IGPK
This should be fun. Extremely undervalued with this tiny SS.
https://www.otcmarkets.com/stock/GRSO/news/Grow-Solutions-Engages-Engineering-Firm-Engcomp-to-facilitate-construction-documentation-for-the-first-15-million-purcha?id=253014
$GRSO
Kind of crazy we had all that bid whacking for 5 straight days. We get down to the 50ma and now no one seems to want to sell. Only 1.7 mil in vol ALL DAY? Someone is flushing out shareholders and making the chart look like a healthy chart thats been reset. RSI is damn near below 30 but the AccDIst is still on the up and up. I've seen this song and dance before and it usually ends up being a very fun party for the patient investors who could wait for the main act. $IGPK
Couldn't agree more Ben. I say, let the impatient traders out so those with Vision can prosper. $IGPK
It happens every time. Some will never learn $IGPK