Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes the shareholders go with the sale of the shell.
Personally, I would buy LLBO if I were in Canada just as a lottery ticket, but I'd sell immediately if/when it went to Pink Current because there's always a spike when that happens but then virtually all of these shells turn out to be duds. Look at EVERY Currier merger. They all went to crap soon after the merger. She got HER money and some traders flipped them for a fast profit but everyone who held lost pretty much everything.
Pick one, any one: KATX KAST OWUV KRFG ILST ILUS.......
Did you see that KATX is going to do a reverse split? Assuming FINRA lets them, of course. They probably have to file that missing 10-K first to get back out of Expert Market. But the new owners in these Custodian/Merger plays usually do a reverse split soon after buying the shell because the whole purpose of buying a shell and going public is to get funding by selling stock.
Hope LLBO works out for you and the rest of the Longs. What you want to see are some Twitter crooks pumping it with lies about mergers if/when it gets Current. Sell that pump if you see it.
yeah I saw that tweet and I bought some at .0001 -- sub-penny OTC gambling is fun. But that shartmeister guy is ridiculous, and that was the point of my post.
I'm realizing that you are never right about any stock. 10% of the time you get lucky but a chimpanzee could do better than 10%
You have so many followers because you're a contrarian indicator. when you pump a stock, your "followers" don't BUY, they SELL
I don't think FINRA will allow him to do the R/S until he gets current.
I wasn't watching -- when did it go to Expert Market? Must have been when he missed his 10-K filing deadline of 02/28/2024 ?
Klok is reporting to the SEC. The last 10-K was Currier... the last Q1 10-Q was Krause, Q2 was Krause, and Q3 was Klok, so Klok is capable of filing a financial statement with the SEC (plus he filed the 14C). At first I thought he just didn't realize their fiscal year ended on 11/30 but since he filed that Q3 10-Q that excuse doesn't wash.
He just needs to file that 10-K to get current and that would be faster and easier than filing a Form 15 and switching to Alternative Reporting, IMO.
I'm remembering the hassles in 2021 when Currier took over and couldn't get OTCIQ access. They went the Form 12 SEC route instead. Klok must have OTCIQ access now because he changed some Profile information on otcmarkets.com and otcmarkets shows a "Profile verified" date of 03/2024.
But will FINRA process a reverse split if they aren't current in their filings?
I doubt it.
I wonder if they'll file a Form 15 and switch back to alternative reporting.
well THAT sucks. BIEL is going to have to come up with WAY more shares than I thought.
I thought the difference was that the Whelan familia got their conversion price RECALCULATED on the maturity date, while non-familia had a fixed conversion rate that was 50% of the PPS at the time of loan issue.
The Whelans got this added benefit by foregoing loan interest.
Am I wrong?
They are not OBLIGATED to do anything. They could sell it as a shell while it's still EM but it's unlikely they would get much for it -- of course they didn't pay much for it, either.
The court "battle" and the process for getting the ticker Pink Current are two different things. They need OTCIQ access, regardless of the court result or not, and then they need to get the ticker current, either by filing all eighteen of those missing OTCIQ statements or by reporting to the SEC again the way they did for KATX.
The court hearings don't mean much -- the holdup is their inability to complete an audit, I think, and we don't know why that's been such a problem. Let's assume the Holmes family is taken care of and gone -- now they need to complete the audit. I always thought that mysterious "payable upon demand" loan was the problem, but hopefully they resolved that.
It also appears that Currier needs to bring the Corporation status in Nevada back up to "Active." She neglected to file the annual report in Nevada last November, so the Corporation is in default in the state of incorporation. She did this in 2021 and 2022 but she didn't do this in 2023.
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
I haven't bothered to look for signs of life with Cyrcadia. I think that scam died off years ago.
When did they issue all those new shares? I haven't been paying attention. 1.2 billion added to the O/S since the last filing for Q2 2019. When did that happen?
https://www.otcmarkets.com/otcapi/company/financial-report/227520/content
last filing: 4.95 billion A/S, 3.14 billion O/S
current: 4.95 billion A/S, 4.35 billion O/S
Wish we could see the Class A and Class C share counts. They must have converted some or all of the Preferred stock.
Currier must have issued herself a new Class of Preferred stock to establish voting control.
Interesting. That's a lot of missing financial reports to file -- the last half of 2019, all of 2020-2023..... but it would be a copy/paste effort, pretty much. They could go for Pink Limited and just file the annuals, maybe, but Pink Current is certainly preferable.
I also haven't looked at KATX for awhile... KATX doesn't look good at the moment. Big promises of mining for coal, but the new owner doesn't seem to realize that he has to file with the SEC.
I'm also not understanding what is going on with KAST. Looks like they actually had a profitable 2023 but no PR's and no news of any kind... they haven't diluted the shell yet, but it's only .015 ..... that's a weird company. Can't even tell what they do. They just acquired an interior design company in Singapore?????
well anyway I'll start watching LLBO to see if they revive it. First clue will be some new financial filings on otcmarkets.com, although at this point it might be easier to go back to SEC reporting like she did with KATX.
Actually, I think Whelan and I and you are all wrong about the deadline for the Annual Report. Looks like otcmarkets changed the window for Pink Limited from 90 days to 120 days.
Whelan didn't have to file the Notice of Late Filing, in other words.
I understand why you and I didn't know -- we don't have much to do with Pink Limited tickers. Not sure why Whelan the CEO didn't know, though.
Anyway after she reads this and looks it up, I think she'll delay the annual report until April 30th or even May 15th.
I saw that 275% rise and I saw the crash after the reverse split came to light.
You and PumpMaster claim to have sold at the high and bought back in the dip, is that right? Even though you were pumping it the night before the crash as if you still owned it? Funny how your kind seems to have a crystal ball and always sells at the high.
And to be clear: I didn't say all longs are full of shit. I said YOU are full of shit.
otcmarkets kicked KATX to Expert Market when they missed their 10-K after 90 days, not 120 days. Their fiscal year ended on Nov 30 and they went to EM on March 1st.
Granted, that's SEC reporting, but otcmarkets seems to be cracking down on reverse merger shells.
Maybe if IGPK won't go to EM tomorrow -- maybe otcmarkets will let it remain Pink Limited for another 30 days -- but to be Pink Current, the deadline was yesterday and they missed it. Pink Current annual report needs to be uploaded within 90 days of the fiscal year end.
And that's what you were shouting all last week -- "Pink Current on Monday!" I guess you have 4.5 more hours to shout that.
LOL it's not otc.com it's otcmarkets.com
And I know they are pink limited now -- they switched from Pink Current to Pink Limited when otcmarkets learned that the company was changing hands.
You seem to be saying something like "it can't switch to EM because it's Pink Limited" which is absurd.
"Your attorney" was correct, the annual report was due today (yesterday, actually), and it's going to switch to Expert Market if the new owners don't file the annual report or a Notice of Late Filing. As for "excellent sales" -- maybe, maybe not. Maybe the annual report will still show the zeroes of the shell for year-end 2023 because they didn't file their corporate amendment of ownership change in Nevada until March 15th. You certainly don't know.
So actually you're kind of full of shit, aren't you. But that's OK, because this is an anonymous stock message board and eventually everyone learns that a lot of posters on anonymous message boards are full of shit.
Did you see the talk on FB about NXL?
They report to the SEC and they filed THEIR 10-K (annual report).... on March 27th!
Do you think it's faster and/or easier to file a 10-K with the SEC than it is to file an annual report through OTCIQ?
LOL, poor little BIEL.
"already pink limited?" What does THAT mean?
You think it can't go to EM overnight, regardless of whether the company has lawyers who "know what they are doing" or not?
Weren't you the one guaranteeing "Pink Current" on Monday April 1st? That was you, all last week, wasn't it.
I'm not guaranteeing anything and I'm not saying "good try" to you.
No, I'm not dumb. Annual report was due today.
They apparently don't have OTCIQ access yet which means they can't file the annual report OR the 15-day extension.
I've seen otcmarkets flip a ticker to EM or Pink Limited on the DAY they violate the rules. It depends on whether otcmarkets is paying attention to that ticker or not.
This could flip to EM tonight. I don't know where you got "like mid May." But I'm not going to ask whether you are dumb or not.
Why would they pull back the R/S?
Their business model is to give shares to customers as premiums. Without a R/S (or an increase to the A/S) they'll run out of shares rather quickly.
I think it goes to Expert Market today.
So I just sold. Good luck to all those who accept this risk. I'll buy back in if it doesn't go to EM but I don't see why otcmarkets would spare the rod.
Fine, I apologize to Whelan -- she hired an inept sloppy accountant and didn't proofread the report she signed, but she isn't the person who made the errors.
The main premises of the conversation remain though -- and they are:
1. that is my rebuttal to "the Pro" saying that the annual statement might take hours or days to upload, and that's the company's reason for not filing the annual report on time....
2. the fact that the annual report is a copy/paste effort that should take about four hours to complete.
But the CEO is blameless! It's her company and she's the only remaining officer, and she signed her name to a financial statement without reading that statement, but she bears no responsibility for the delay in filing the annual report and no responsibility for sloppy work in the filings. Happy now?
If you have ANY doubt that the annual report is a simple copy/paste/upload effort.... Look at last year's annual report.
https://www.otcmarkets.com/otcapi/company/financial-report/365548/content
Now imagine how little effort it would take to update the numbers, add a couple of loans, and file the 2023 annual report.
Notice how many copy/paste typos Whelan had last year. It's sloppy work -- she's not meticulous. Want an example? Search for this string: 20201
That's where she meant to update 2020 to 2021 but changed it to 20201 instead. She did that twice, and since nobody proofreads Whelan's work.....
And how much effort does it take to file an annual report? Notice that the steps for filing a financial statement are IDENTICAL to the steps for filing a NOTICE OF LATE FILING.
https://www.otcmarkets.com/files/Corporate-Services_Filing-Instructions.pdf
Yep, "your intentions my friend are too easy to spot."
Did I say she was waiting for me to post? I'm merely commenting that I checked otcmarkets.com before I posted yesterday, and that the NOTICE OF LATE FILING wasn't there at that time.
"Ever think disclosures may take hours or days to post?" Say what? it takes the same amount of time to upload the NOTICE OF LATE FILING that it would take to upload the annual report. So many legitimate companies file their financial reports on time but this little popsicle stand can't pull it off because "disclosures may take hours or days to post?" What kind of "Pro" are you anyway if you know so little about OTCIQ?
"My intentions?" for posting at the beginning of a 3-day weekend? When the ticker is trading at .0002? What exactly do you think my intentions are?
That annual filing is little more than a copy/paste effort -- you know that, right? A high schooler could complete that document in four hours. Whelan knew all the numbers on January 1st 2024 and nothing that happens in the next 15 days will change anything on that filing.
"Undue hardship" is complete bullshit. I don't understand why she's kicking the bad news down the road -- we all know it will be a terrible report, but the PPS can't really fall much lower, so why not just rip off the bandaid and throw that annual report out on the dance floor and let the healing begin? The faithful bagholders will forget about it in less time than the trial device battery lasts.
"My intentions," LOL. Don't put me in the same cell as the PumpMaster.
NOTIFICATION OF LATE FILING
She filed that right after I posted. I didn't think of that. What's the point?
"Undue hardship," LOL, it's a copy/paste exercise, pretty much.
If Whelan doesn't file that annual report by Sunday midnight, the OTC status will probably go to Expert Market on Monday morning.
I didn't read the 10-K word-for-word but I searched for some important strings. Here's the most interesting part:
Blumberg just exercised warrants for 30 cents. See the newest Form 4.
Here's the reason why the judge in that civil case against Blumberg and Faupel ruled against a jury trial and directed the case to the court instead:
https://masslawyersweekly.com/files/2024/03/09-024-24.pdf
Trial ended, and they're waiting for the judge's decision. I've been following it here:
https://trellis.law/cases/1984CV02862?state=ma
Annual report, not 10Q -- this ticker stopped reporting to the SEC when they filed the Form 15 in June 2023
And if they were still reporting to the SEC it would be a 10K not a 10Q because 12/31 is their fiscal year end
Thanks, I should have found that myself.
LOL I'm guilty of standing in the middle of the room and yelling.
TGGI is a very different story. in 2022 they increased the A/S from 12 billion to 99 billion and increased the O/S from 8 billion to 22 billion. When they then tried to do the R/S in January 2023, FINRA said the request was deficient.
https://www.otcmarkets.com/filing/html?id=16728908&guid=kpd-knY5SRD-drh
99 billion A/S. That's really kind of absurd. And issuing 14 billion new shares in one year? Lucy, you got some 'splainin' to do. FINRA didn't buy their explanation.
Here's another Chinese entity that bought a shell and diluted it into the dust -- and we can all find a dozen more:
https://www.otcmarkets.com/stock/GTEH/security
So let's be realistic about shells and reverse mergers, and not just Chinese shells but the OTC in general. There are criminals who buy OTC shells and dilute them into the dust. The hope here OBVIOUSLY is that JGH is not one of these criminals. Nobody knows the truth yet so don't believe anyone who pretends to know the truth, pro or con.
In the OTC we've all made money on longer shots and lost money on surer things. I'm in, and not because some criminal "chartist" is pumping it. We all know that TA doesn't work on pinksheet stocks, so that's an easy tell -- the fool who's gushing ""the charts are telling me...." would also read your tea leaves if you pay him and sell you a bridge if you're interested.
Did JGH own the shell on 12/31/2023 ???
The annual report is going to show numbers and information for the shell as it existed on 12/31/2023.
I'm certainly not expecting a "positive annual report." I'm expecting an annual report for the shell with a bunch of zeroes.
I've heard of some US traders getting a Canadian account to buy EM but I can't see going to that length, myself.
Possibly. it's certainly interesting to watch.
It's an unusual situation. I've seen OTCmarkets deny OTCIQ access in custodianship cases but I can't see that happening here, and even in those sticky custodianship cases the ticker eventually got OTCIQ access. Depends on what else is going on.
Here's an interesting SEC case that's recent. FINRA denied a R/S to Metatron because they were "delinquent in reporting" from 15 years ago (!?!?). Metatron was "Pink Current" at the time they requested the R/S but FINRA got weird on them for missing reports back before 2010 when the company reported to the SEC. The case is just to force FINRA to explain why they didn't process Metatron's request.
https://www.sec.gov/files/litigation/opinions/2024/34-99558.pdf
IGPK is "current in their reporting" right now ("Pink Limited" is current in reporting in the eyes of FINRA and the SEC), but if they don't file the annual report on otcmarkets.com by 03/31 they will not be current. The ticker will go to "Expert Market" and FINRA will likely delay the R/S until the company files that annual report.
As for "wondering how big my gamble is....." why would you care? You base your investment decisions upon anonymous MB posts?
"Their move to NASDAQ would be precluded forever" if they did what? A reverse split?
I can't even guess what you are trying to say. Do you think there is a rule for uplisting to NASDAQ that has anything to do with prior reverse splits? Can you cite this rule, or is this just a "moron" thing?
You know that this company doesn't report to the SEC?
OTCIQ access is NOT required for a reverse split.
OTCIQ access is required for one thing only: to file documents with otcmarkets.com. A public company that doesn't report to the SEC can do a R/S whenever they want as long as they are Active in their state of incorporation, the BOD votes to do the R/S, they file an amendment to their charter in that state, and they give FINRA ten days notification.
If this company doesn't get OTCIQ access and file the annual financial statement, their status on OTCmarkets will drop to "Expert Market." They can still do a reverse split.
The statement "Jun Fenghuang needs to have OTCIQ access first before they can do anything" is proven wrong by the fact that the company (1) replaced all the officers and BOD members and (2) changed the Corporation name before they got OTCIQ access. Look it up.
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
And I have no doubt that the R/S will be 1000:1, no more, no less. To change the ratio, they'd have to file a new document in Nevada and notify FINRA again.
I like this gamble so I bought in today but let's face it: this is gambling, not investing. High risk, high reward. It's important to know the odds and to accept that some pumpers like this longbullystick person are either ignorant or a liar.
I had a dog with arthritis and I wish I had thought of trying an ActiPatch. The arthritis was in her hips but if I'm reading this study correctly, they attached the device to the top of the collar, regardless of where the arthritis was.
Koneru isn't doing jack diddly for BIEL though. He's not an author on the paper, and that is diagnostic in the world of research. He was "consulted" -- that probably means a phone call or maybe an email.
In other words, Viant is not partnering or collaborating with BIEL, and Koneru absolutely DID "really leave." So did Nalepka. Erin Sanders tried to leave, and who knows, maybe she succeeded.
Slap That Ask, ChartMeister.
Posting that PR here is preaching to the choir. You're not going to find any new buyers here. You're just going to find sellers -- like you.
I'm going to back off and just watch.
That's your pump? New management filed a fraudulent document with the state of Nevada?
And if true, that makes this company a good investment, in your opinion? the PPS will go "right back where it was" when Investors learn that new management filed a fraudulent document with their state of Incorporation?
Or is your pump that criminals forged the document and posted that document on Twitter to drop the PPS? And new management, having obviously seen this forgery, remained silent about it all week? And that's a bullish sign about new management?
Your pump must be the second scenario: you suspect forgery. You think that criminals on Twitter committed an easily provable and prosecutable felony because.... they wanted to buy a Pink Limited stock a few ticks lower?
My reward for doing your DD is a "congratulations" from you?
LOL
Best of luck to you