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People are probably more scared of buying stock in a zombie company with no known origin, web site, share structure and delinquent with the quarterly filing
Even at .7225 the market cap is only about 3.9 million if there's 5.4 million shares outstanding after the 1/100 reverse split, assuming the conversion is current. I guess we won't really know until the company files a current quarterly report with financials etc
The ACAI fruit is very tasty!
About 5.4 million shares outstanding according to CNBC site
https://www.cnbc.com/quotes/?symbol=acai
What does Safeplus do?
100 share buys are not interesting. You're the moderator, come up with something interesting that pertains to ACAI
Now the company directors and officers are listed on OTC site
https://www.otcmarkets.com/stock/ACAI/profile
I spoke with someone at OTC Group in NYC and they aren't delaying ACAI or any other company. She said it's up to the companies to update the company's share structure, profile etc. on the OTC site. She did think it was strange that the reverse split occurred a few weeks ago and safeplus still hasn't updated their info.
Where did you see that?
What is the point of a reverse merger if there's no company behind the shell? Reverse split and symbol change but no updates, announcements or new share structure??? Very strange.
Excellent idea
How many votes do they need?
Quarterly filing now late. New officers, reverse split, new trading symbol, yet no share structure, no updated corporate profile, no web site and now filings are late. Huh?
https://www.otcmarkets.com/stock/ACAI/disclosure
Isn't the quarterly filing for period ending 8/31 due today?
Why would there be interest? Nobody knows what this company does or what the share structure really is. It's been three months since Safeplus officers appeared on NVSOS and there's been no business update since then.
Fruit spoils quickly
The ACAI fruit is very sweet!
Yes, but the post reverse split outstanding shares of 5.4 mil and market cap of 1.4 mil seems about right
ACAI has a tiny float and market cap of only $1.4 million according to CNBC. Of course we have no idea what Safeplus does, but if it's anything remotely interesting this could easily be a 10-20 bagger.
https://www.cnbc.com/quotes/?symbol=acai
Sure, what could possibly go wrong when our symbol is a fruit and there's no share structure reported?
Will be great to never see anything related BIPH ever again. Weiner ran Biophan into the ground and harmed many shareholders along the way.
Symbol change to ACAI tomorrow
10/07/2020 00:00:00 Symbol Change 10/08/2020 00:00:00 BIPHD Safeplus International Holdings Limited Common Stock Other OTC
Details Previous Value Current Value
Symbol BIPHD ACAI
Issue Name Safeplus International Holdings Limited Common Stock Safeplus International Holdings Limited Common Stock
Class
Maturity Date
Market Category Other OTC Other OTC
Unit of Trade 100 100
Regulatory Transaction Fee Flag Yes Yes
Current Value
Daily List Date/Time 10/07/2020 00:00:00
Event Type Symbol Change
Effective/Ex Date/Time 10/08/2020 00:00:00
Subject to Corporate Action
Zero significance. This ghost company exists for no reason at this point.
https://www.otcmarkets.com/stock/BIPHD/security
When will they make money from it?
Not too impressive. A one page static site is all this can do?
Reverse merger news
Of course not from this safeplus junk
https://www.ft.com/content/ee880679-93ab-43ef-aa80-5de2610d5d5c
Hope it's worth the wait. So far it hasn't been.
This all should have been done prior to, or in conjunction with, the reverse split. This "process" has been going on for almost two years. Enough already, get this thing launched!
Why would they go through the cost and effort of buying a shell and doing a reverse split to just let it sit there with no security details, filings, profile, website, press release or anything to show they are a real company?
You're wasting your time, nobody here claims to know anything
Why wasn't this made available to sign digitally through everyone's brokerage accounts like all proxy materials are? There would be a much better chance of participation than relying on old school snail mail.
Have not received the forms yet. Is there a deadline?
Good question. You would think somebody here would know what Safeplus does. There's still no share structure or company profile showing up on OTC Markets. Is this just another reverse split zombie company?
Thank you. I will make my voting decision based on the information you have provided here.
Are the profiles and credentials of these people included in the mailing? Who decided they are qualified?
Share Structure?
Where is it?
https://www.otcmarkets.com/stock/BIPHD/security
Geez,very sensitive. I'm just asking if there's a plan beyond voting out those losers, and if the shareholders will be advised of such plans so they can make a rational decision on whether to vote yes or no. Doesn't that sound fair to you?
Will Mills and Wade have the opportunity to vote themselves out with their 90+ million combined shares? Will the mailing include a comprehensive plan going forward, or are shareholders just being ask to blindly cast their vote?
What does Safeplus do? No way to determine what the enterprise value is until we see financials, share structure, etc.
Who is the PhD?