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Definitely. I think it removed a lot of doubt. The only question now is the time frame.
$ARAT Michael Loubser/Core Group has the shell. They own it.. This is not like a SPAC where the deal can fall through and fail to materialize.
$100 per share is a billion dollar valuation, which is nothing these days.
I knocked it up to 8.
Only 1 market maker showing below 10.
Good morning, hope more people took part of their weekend to digest and understand this important development from Friday.
Agree. Watching FINRA closely for a couple other tickers, will be on watch for this one too.
Stickied. Awesome find. Thank you!
Strategy is to chase something else, then come back here to chase?
Lol, sounds like a good plan.
A couple people sound pretty butthurt that they posted their quarterly on time and confirmed the application for ticker change.
The Q for the period ending 9/30 is due Monday 11/15. That's why the prediction for filing next week.
I'm not saying it will be massive and include all or any merged assets, just that it will keep us trading which is no small thing in this OTC environment. It's still my opinion that they await ticker change to do anything major, but that's just a guess on my part.
Just have to weather this to get the reward.
The Q comes off tomorrow.
Agree, I can wait. Wonder if Chicken Little will lol.
$ANAS quarterly report for the period ending 9/30 came out this past Saturday.
"On September 15, 2021, Gold City Co. Ltd, based in New Taipei City in Taiwan purchased controlling interest in the
Company by acquiring 1,000,000 shares of preferred stock and 20,000,000 shares of common stock."
Agree, it would make no sense to spend 18-24 months and a lot more money to IPO when they already paid $400k for a shell that they could just reverse merge into. Especially when they are so close to meeting NASDAQ requirements right now. An announcement that Core is reverse merging into ARAT would likely get them to meeting all of the requirements.
New sticky up there.
$ANAS new name Zhong Nong Yuan Fang Holdings.
At least "yuan" is in the name. Hopefully they show us some lol.
$lucid If this keeps swinging as predictably as it has been I will be able to buy one.
Yeah, hopefully this new group has a plan and shows some activity.
Nevada SOS
$ANAS new officers added, replacing the old ones. Looks like a new deal has been made to sell the shell to a different group.
These reverse mergers take a long time to get going. Some turn in to nothing, others make phenomenal gains. The things that are encouraging to me are:
1) The financials were brought current so it can continue to trade;
2) Name change occurred with Nevada so ticker change with FINRA is likely to be next;
3) An outside consultant (Danforth) was hired and so was an accountant.
I have seen some of these types of plays accomplish #1 and #2 and then be silent and nothing seems to happen and there seems to be no plan. The fact that #3 has taken place here leads me to believe that there is a plan and there will be an underlying business that will be promoted. It is my opinion that there won't be any news until after the ticker change. If it were me I would want to shed all traces of Exobox before making any moves. I have no idea on what time line we're looking at or if FINRA is as backed up with work as OTC Markets was in trying to meet the 9/28 deadline. So I wait. A lot of people won't, so I will be bargain hunting.
Single post well spent sir.
There's the 10.50 break
Looks like $GGPI getting a lift from other EV stocks. Polestar may turn out to be the best of the bunch.
Doesn't matter, one after another they get defeated.
Doesn't sound like penny stocks are for you then. Fear is an emotion, and emotions don't belong in trading, especially on the OTC.
If they do 10:1 put me down as being in favor of that. That is a very reasonable number that doesn't wipe out legacy shareholders and still leaves liquidity. If they convert their preferred shares and also lower them in the split, that's not bad either.
It's when someone buys a shell, reverse splits 1000:1 but leaves their preferreds alone that it's bad.
Most people will probably disagree with me. Any mention of RS makes people soil themselves. But I would be buying that fear.
Just revealing exactly what they're merging into the shell would be enough for now.
You are the one who said they would sell. From yesterday:
"This would add nearly 12.21 billion shares to the float if converted..."
In order to get into the float, they have to be sold into the market. Otherwise, they're just part of the OS. That would be a rare occurrence, as they would be aware they would be messing with their market cap. There is a reason why they chose this particular shell when Lazar had others for sale, as did other custodians.
I don't believe you own shares here, otherwise you wouldn't be working so hard to push misinformation/disinformation a promote an extremely unlikely scenario.
I know perfectly well how converts work. You don't understand how floats work.
You were talking about an increase in float. In order to get into the float, they have to be sold into the market.
Otherwise, if they’re converted to commons but not sold they’re just part of the OS but not part of the float.
You were talking about an increase in float. In order to get into the float, they have to be sold into the market.
Otherwise, if they’re converted to commons but not sold they’re just part of the OS but not part of the float.
His first ever post on iHub was a real doozy lmao.
Do you seriously believe the preferred shares, which represent the control block, are going to be sold into the market so the insiders no longer have control of the company?
Lol.
Almost 3 million more shares taken today from the impatient.
$ANAS amended certificate of stock designation
This is where it will show up when it does.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
What? Why wouldn't they change the symbol? It's a very common thing for companies to do in a reverse merger. They already changed the name with Nevada, it's a safe assumption that they will change the symbol too.
Nothing is getting drawn out here. It's part of the process.
Good morning. My focus now is watching FINRA for symbol change. I think because they moved so quickly after getting current to change the company name, that will be the next thing they do.
Just my opinion, but I don’t think they put out any press releases or make other moves until the symbol changes to reflect who they are now. If it were me, I would want to have all that done officially to remove the last bit of reference to “Energy One” which is not what this company is anymore.