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You are correct. And they cannot issue/sell/buy any shares.
One more thing.
Firemans Paving Contractors (private) was funded from Firemans Contractors (public) Share Holders.
It's a difficult question to answer. First, we don't know what are the intentions of the company regarding the stock shell (FRCN). Firemans Paving Contractors is separate (other corporation) from Fireman's Contractors.
They did forward the firmanscontractors.com site to firmanspaving.com site but that does not mean much.
However it looks like Firemans Paving is a very successful business, so technically they do not need the publicly traded shell at this time but that might change.
A while back last year there was a reverse merger news release from a third party that did not materialize. Was that a change of heart? Nobody knows. Why would you give away your money printing press?
Now, a corporation not running in the red (profitable) that wants to grow might want to raise capital selling company shares in the future. I like that because it would be for growth vs. debt servicing (I believe the company(ies) is/are now debt free). So I am thinking that they will eventually get out of the dark and maybe trade at a higher exchange. JMHO.
I may attempt to get 100% of the common shares but that is impossible. There are always "forgotten shares".
I do have these shares. So technically I own more than 50% of the common shares. But that means nothing as there are preferred shares they can use.
The way it's going I might be close to 300 millions within 12 months...
Can't be possible. I would own more that 50%! 262,418,473 in my Schwab acct plus some more in my Ameritrade acct...
Capt i'm at 2.6. need 0.4.
I guess I could buy 30 cents worth of stock tomorrow to make up for it!
Maybe someone needed an extra 30 cents to buy a stamp?
What's that new "Firemans Safety and Supplies" coming soon?
WOW! That's a small market cap! I like that! Time to load up!
I missed the close, did they take all the 3's out?
72? Over how many days?
Not me, not recently anyways.
Yea, last few days. Looks like accumulation.
More shares for acquisition maybe?
XFER STOCK TO SOMEONE ELSE:
https://pocketsense.com/can-transfer-stock-someone-elses-name-9814.html
Got in yesterday with some CVS calls, also go into walgreen (calls)...
Makes me wonder, how many FRCN share holders on this board?
They have a huge opportunity to cash in and retire if they get out of the dark. If they dont, I may give away one share to 300 people to force the company to re-instate SEC filings. I do own about 250,000,000 shares...
I don't think they will let it happen. If the business is doing as good as I think, they will try to cash out and retire...
Next one?
Grabbing 2.5M in the morning...
So, they sold at the asking price?
1 billion share bid!
907 million bid??
Aaron Gilmore is now director according to new filing.
Nevada annual report filed on Friday
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
IMO it is time to buy!
by forwarding the firemans conctractors site to the firemans paving contractors site IMO means that they are going to file with the SEC again changing name...taking us public again... Nevada filling is due in about 2 weeks. that might offer us some clues when filed...
Firemans "Paving" Contractors to go public again?
firemans-contractors.com domain name was just renewed last month by firemans contractors inc.
https://whois.icann.org/en/lookup?name=firemans-contractors.com
The firemans-contractors.com site is now forwarded to the firemanspavings site...Hum...
Some Level 2 movements now...
Yeap! But not the shell...
Happens every spring about May. Right after tax filling time...I don't know why...Could insiders buy shares when business is as usual since last filling without need to file? When would they have to stop buying before a press release or major event? IMO they are buying back shares whithout the need to file/report. IMO if volume this spring is lower than 500 million shares we are getting close to the "event".
Firemans Contractors or Firemans Paving Contractors?
They call it both in the recent article...
http://wetexas.biz/womenhs-business-council-h-southwest-invests-in-members-with-lillie-knox-aw-p725-232.htm
May is coming...looking at the 5-10 year charts, the month of May (mid month) usually has a spike in volume...