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Excellent post and very good points. It amazes me how many people try so hard to point out everything bad about OTC companies - and expect instant riches. I always wonder why these people are here in the first place. Very strange behavior. You are correct, this stock will either fail....or it won't eventually. It very well could take a year or more to find out. This day to day commentary is very elementary.
He was referring to Caravel Group revenues. Not SQCC. SQCC will benefit from the 55% ownership they will have once the transaction is totally complete. At least that's what I read.
Keep it Real and Wall Street Kid have it right. Relax and let this play out.
The non US investors have their shares all in certificate form. They have to get the restrictions removed before selling.
They won't be dumping into the market anytime soon.
So its all about money to you. If you make money in a stock, who cares if they do what you are accusing MLHC of doing. EVSV does the same, yet you don't care that they pump and dump? And Trina has been sued many times. Yet, you love that stock? So please help me understand your logic with MLHC. We should all be helpful and give good opinions and thoughts about MLHC with consistency of our convictions.
GWINIS - they may have until March 15th for the annual.
Then you should probably do a bit more homework. But that is just my humble opinion. Too funny!!
Because some of the arguments you make on this board could just as easily be applied to EVSV. Just seems odd.
Tut - and yet you like EVSV? Doesn't add up.
Hahahahahahahaha! This is a great comedy show here. Spry
cel, thank you for keeping everyone informed with the facts. There are others on this board who work hard to do the same....
Wrong again. Thanks for the levity! Great entertainment!
You are correct. I continue to enjoy these ever expanding conspiracy stories about Wayne Anderson. He must be a genius; with 48 hours in each day to pull off the things people accuse him of.
Not to mention, he has nothing to do with managing GCAN. Your post is sure to drive more "fiction" for us to enjoy.
Yep! All coming together as envisioned. Dream team doing everything they represented. May be more slowly than some long time posters would like....but coming together nonetheless. What do you think now Mr. Lincoln?
They did? I have not seen that in the filings. Can you point me in the right direction please?
Didn't one of their releases suggest they need to raise 1.5 million to launch the product? It seems I read that somewhere in a release or their filings. Who knows...but no reason to get pessimistic just yet.
I'll bet this matches up with the note holders. If this happened in order to clean up the balance sheet...no harm done in the long run.
abe01,
I've been enjoying your comments for years. I was just trying to make a point about the difference between building a public company and all of the regulatory requirements, including having to be cautious about what you publish in PR pieces, etc. and the lesser requirements imposed upon a private company. I understand your feelings about Wayne, but he did take this thing through all of the regulatory procedures in order to get the S-1, FINRA approval, OTC Markets reporting requirements, etc.
We don't know what the future will bring, but needless to say, it most definitely does take time to present ideas, test products, wait for testing data, enter into an LOI, move towards a final agreement, and then announce a deal. It can take months when you are talking about something that goes into a human body.
Let's be thankful for the success to date! Fingers crossed!
Merry Christmas and Happy Holidays to all.
Abe01,
What was the ticker for the company you built?
Thank you!
Ummmmm, remember, Wayne can't sell yet because he is considered a beneficial owner due to his personal holdings and UNGS holdings. You may want to do some research about OTC companies and the rules and regulations that govern them; before make false and misleading statements. Just my humble opinion.
Your spin off shares should be listed in the S-1 (Registration Statement). Or the larger certificate that is in the name of the brokerage. So your shares should definitely be registered. As for legal counsel, they may be interested in the legal opinion that is part of the S-1. Just my two cents.
I'm not trying to be dismissive of what the rep told you, but I would suggest following up with someone in operations or the back office just to double check on this. I find it hard to believe that your shares are not restricted. You don't want to be slowed down when this starts to trade, and get left behind. Just a suggestion.
Ummm...doesn't add up. Had to get registered with S-1; and not up to the company to re-issue the certs. Do your homework please.
As a shareholder, hopefully, you already know what is holding this up.
Have you done your homework? Have you investigated what it takes to get the restrictions on your shares removed? Have you pestered your broker to get your certificate sent to the transfer agent to get this done so it can trade? Once the first person gets their unrestricted shares back from the transfer agent and into their brokerage account, this should start to trade. All shareholders need to get to work in order to help get this stock moving. For some reason brokerage firms in this space are just really slow about these things. We have to be proactive.
I agree with robtewms. Shareholders have to be very proactive to get their broker dealers to either break certs out of the larger broker blocks, and/or get their brokers to send in their individual certs to the transfer agent to have their restrictive legends removed from their cert. The transfer agent can then send back the new certs so they can be traded. You cannot just sit back and "hope" all of this will happen. Be proactive everyone.
If you further research the scrutiny and the expense of getting to this point in the history of GCAN, you will realize you may be mistaken. Also research the process of getting legends removed. The time delay is to be expected, just as the delay of getting the S-1 approved, along with FINRA approval was to be expected. Going forward, you will now have more experience with these things and won't be so anxious about everything.
Abe. The amendments are filed in response to questions by the SEC reviewer. They are NOT filed in order to prolong the approval process. It is good news that this process is moving along just as it should. I would say 3 amendments should mean we are about finished. Yay !!!
Yield sign is gone !!! Go UNGS !!
Quarterly report out.
Good to have you back. Add everything up since last Nov, and see what you get !!
Good luck to all.
Hmmm. Well how was the S1 and website paid for? Maybe the share sales paid for those items ??
Actually, the potential looks better than ever right now.
So Ben, if he admitted the default, is he really the scammer and liar you have always claimed?
Gwinis. Did you see the recent news in the GCC website under "news" about the investment in xeraflop?
Looks like a cool company.
I agree Gwinis. I'm not sure why folks seem to marginalize the progress over the past 6 months. I understand the longer term frustrations, but an up and running website, successful spin out and shares in accounts, and a successfully filed S1 - which takes real cash to have prepared by lawyers and accountants. Nothing of this sort occurred prior to the November through current period. These are not just standard paper filings, particularly the working website, but significant advancements of corporate goals.
Also, keep in mind that this is a serious plan of execution. Between the S1 filing - and accompanying legal and accounting fees, as well as the opening of the GCC Superstore, the cost to UNGS has probably exceeded $100,000.00
The big share sale at the beginning of the year was probably necessary to raise this kind of capital. Hopefully, the financials will clear this question up once and for all. I agree with everyone about the plan to create spin out companies. All of the legal and accounting fees to be paid out of income, etc. These are not cheap or easy endeavors. Go UNGS !!!
Nice find Gwinis. In my opinion, events before last November should be discounted, while events since November should be the focus of our attention.
I hope everyone now understands why there were shares sold early this year. With accounting fees and legal fees, these things are expensive. People freaked out unecessarily. Deep breath everyone, we are closer than ever.
Good thinking Gwinis. Very true.
Now for the S1
Great post. Good logic.
Give it a few more days Kaneman! Would hate to see you go!
You are one of the few who uses logic instead of irrational emotion.
Things are adding up my man!