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So is the next step a press release from Safeplus announcing the reverse merger and formation of this new company?
09/09/2020 11:50:04 Reverse Split/CUSIP Change 09/10/2020 00:00:00 BIPH Biophan Technologies Inc Common Stock Other OTC
Details Previous Value Current Value
Symbol BIPH BIPHD
Issue Name Biophan Technologies Inc 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
Financial Status Indicator
Current Value
Daily List Date/Time 09/09/2020 11:50:04
Event Type Reverse Split/CUSIP Change
Effective/Ex Date/Time 09/10/2020 00:00:00
Subject to Corporate Action CD
Offering Type No Restrictions
Daily List Comment
Daily List Event Code DA
Forward Split Ratio
Reverse Split Ratio 1:100
Dividend Type Reverse Split
Percentage 0
Cash Amount 0
Declaration Date
Record Date
Payment Date
Payment Method PUS
Qualified Dividend Code
Record ID 40123918
If that's true, the SEC should prosecute him
Please post FINRA link indicating R?S for BIPH
What's to love, it's been dead for awhile now. Arcaro started the court custodian process about two years ago and nothing has happened.
HAFG only has 124,916 unrestricted shares in the public float while BIPH has 234,000,000. Huge difference.
Arcaro really scrapes the bottom of the pond. Aren't there legitimate US based companies looking to go public through a more cost effective approach like a reverse merger?
I'm interested in understanding the mechanics of what happens next, not the time frame.
What is the next anticipated action? On NVSOS, the officers have been changed from Arcaro to Safeplus executives, so now what? When does the stock start trading as Safeplus with a new symbol? Why can't anyone with experience in these shell trades answer these questions?
Nothing new, just automatic daily update on OTC Markets for all companies
What's the catalyst?
234 million unrestricted trading float. Would like to see a JADA type move here
I understand the lotto risk here, I'm asking anyone who has been through this custodian shell thing about what's expected next in the process. The new officers have been named, now what and when?
So nobody really knows what's next? Are we really just left with a communist China owned shell that goes nowhere? Thanks, Arcaro.
What's next here? When does this start trading as Safeplus Holdings?
Don't those 300 million restricted shares get granted to the new buyer? Shell hijackers like Arcaro issue themselves majority interest in the company when they gain control through the court custodian process, right?
Hey, Arcaro, are you a US Citizen? Do you enjoy contributing to communist China's continual smash and grab of US intellectual property? You just provided another portal for virus spreading China into the USA. Sleep well.
Why would anyone be excited about Arcaro selling out to communist, virus spreading China?
What's the next step now that the new officers list has been filed? When is there a new stock symbol for BIPH trading as Safeplus? Is there usually a press release from the merge-in company announcing the merger into a public company? My first go around with a shell, so any experienced shell veterans opinions on what happens next is appreciated.
This is not the same as Safeplus International Holdings Limited out of Hong Kong. Did you see the names of the new officers? He should have ONLY did a merger deal with a US company. Arcaro just screwed legacy BIPH shareholders.
Will the new officers filing be on OTC Markets or NVSOS?
The only one I can find is in Hong Kong
https://opencorporates.com/companies/hk/2894939
According to the NVSOS site, Officers didn't change, just the name changed. So Arcaro is staying involved???
SAFEPLUS INTERNATIONAL HOLDINGS LIMITED
Entity Number: C923-2000
That reverse stock split stuff is complete BS. That is nowhere to be found in the filings on NVSOS or OTC Markets site
Looks like a junk Hong Kong based company. He couldn't find a US company for the merger???
Yes and Yes
Why does a homeowner who can't sell their house continue to pay taxes, mortgage, repairs etc.? Maybe nobody wants to buy Arcaro's crappy BIPH shell, but he keeps paying the expenses to keep it current praying he finds a buyer.
Yes, he is. This BIPH custodian process started almost two years ago. What's the freakin hold up? SPAC shells and Pink Sheet shells are the best alternative to IPOs right now.
Perhaps Dave Lazar would have been a better agent for BIPH shareholders to get this shell sold, rather than Arcaro who seems to be dragging his feet. Lets go Joe, get it done!
https://www.otcshellreverse-merger.com/
Arcaro started the BIPH custodian process over a year and a half ago. What is taking so long? He only makes money when he sells the shell, correct?
Is this thing heading back into hibernation again?
It ran up like this last year. Hopefully this time Arcaro gets a deal done and this doesn't go back into hibernation.
Doesn't he grant his majority interest to the company buying the shell?
Reverse splits require shareholder approval. Even though BIPH is a shell, it's still a public company with shareholders
Tech or biotech would be better. Confidence in cannabis stocks is gone.
Volume getting close to the amount of shares I own :)
Does the company acquiring the shell typically do a reverse split to bring the share count down and dilute the legacy shareholders soon after the merger deal?
What is the next expected development, a filing on the OTC Markets site showing new officers? Or will it be an 8K filing for a merger agreement?
The potential is huge if the right buyer comes in. $73 million in accumulated NOL is great in the right hands.