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Up on very low volume. Looks like just about everyone who wanted to sell out for cheap sold yesterday.
I would just say that it's good for both tickers. Better to have a team of professionals working with management than to not have that. There are a number of shells that don't seem to have anyone at the wheel (yet).
I was talking to Statler and Waldorf lol.
Paid to get a copy of the SOS document. Name change only. No change to capital structure, which means no reverse split.
Paid to get a copy of the document. Name change only. No change to capital structure, which means no reverse split.
$EGOC new name China Yicheng Technology Group Ltd.
Still low volume but I like what I see so far. CDEL sitting at 0234 soaking up shares and hasn't budged when sold into.
Also should have mentioned that they hired an accountant and a foreign mergers specialist to consult with. The other tickers this is being compared to haven't done those things either.
They have set up the pins correctly. They will knock them down when they're ready.
Good summary. I don't see the benefit of comparing this to other Lazar tickers, or any other reverse mergers for that matter. Apples and oranges.
EGOC has already released 2 press releases and during the long wait to get current, they kept updating their board and their OTC Markets profile page. And we know they have been active in China. Comparing them to other tickers where management has been silent through the process doesn't make any sense to me.
I don't know when the next news or filings will come, but I am positive it will come.
That's when the next Q is due. Expecting to hear something from them before then.
Thanks for all your DD on this.
Sweet, some said it would never happen yet here we are.
Nothing, just waiting for OTC Markets to make the tier change from limited to pink. Any day now. Looks like it has been taking them an average of 16-17 calendar days.
Welcome back Marty. Exciting times ahead. Pink current by the end of the week is my best guess.
So instead of settling the debt in the past year and getting something out of it, Adar Bay waited until the ticker is on the Expert Market and there are no buyers to try to get all debt converted to shares.
Lmao, can't make this stuff up.
Lmao I knew you would fail at it. I stayed away from all of your shit tickers.
Some dum dum trying to sell for more than a half cent lower than where we were just trading a few minutes ago lol.
$EGOC lots of buying coming in. Sellers can eat our dust.
In every single custodianship/reverse merger I have ever been in there have been people getting upset, antsy, whiny, impatient, thinking something is "fishy" just because these things take so long to get going. I haven't read any complaints on this board that I haven't read countless times on countless other boards.
Patience is a virtue that few people have. If this were easy, everyone would do it. $EGOC will be pink current soon. Should be by the end of next week if the 16-17 day time period that it has been taking OTC Markets to make tier changes from limited to current stays true here.
How long it will take new management to reveal plans and update us after that, I don't know. The best reverse mergers have been the ones where new management is active, and we have already gotten 2 press releases, and several behind the scenes updates via Nevada SOS and the OTC Markets profile. That bodes well in my opinion.
Probably a google translate issue. I'm focused on pink current by the end of next week and further news when they're ready after that. Conspiracy theories and newbie whining aren't fazing me.
Doesn't matter. People dump into the bid, then it goes right back up. They're selling for much less than they could get if they waited. We should be pink current by end of next week at the latest.
Seriously
Great, all brokers should catch up soon.
Bluetooth menorah technology
I think 16 calendar days. Financials and attorney letter uploaded 9/17, pink limited as of 9/18.
$ESBK to get bought by Community Bank https://www.marketwatch.com/story/community-bank-system-to-buy-elmira-savings-bank-in-82-8-million-deal-271633346406
There have been some big slaps today at least.
No idea, seems like we still have people who are happy to bid dump at low prices.
$EGOC up 33% on only 96k share volume.
Gave you a follow too. Great work!
Great post Pete. These TCA shares had been previously disclosed by the old Energy 1 company before they quit filing years ago. They are already in the OS and still restricted. The OS sits at 1.3 billion and I'm fine with that.
Anyone who didn't already know it is lazy and didn't do basic DD.
Also, I can't believe some people still want to cast doubt on whether transfer of control from Lazar has occurred yet. This was disclosed in the documents we got this week, down to the names of the owners and the amount they paid.
There doesn't have to be an 8k because EGOC is not currently an SEC filer. Having their reports up to date satisfies the disclosure requirements. If they want to go to NASDAQ or any other exchange they will of course need audits. It should be noted that they have in fact hired an accountant, who prepared the reports. My bet is the accountant is going to do more than that.
With the new SEC rules taking effect this week, getting current under alternative reporting standards had to be the priority. We'll see what they say and do once the yield sign comes off within a couple weeks.
05 would be a great price to get here. I have to put gtc lowball bids on a number of tickers because there have been a number of market sells way below where they have been trading. Someone is in a panic to raise cash and doesn't seem to care what price they get.
Looking at tier changes on other tickers, it seems the upgrades from limited to pink are occurring in about a rough average of 16 calendar days.
So middle of October here is my guess, but could occur sooner or later depending on OTC Markets' workload and when our turn comes up.
For some reason that link doesn't work but if you Google "Pangbo Group Hong Kong" you can find it on a number of HK business directories.
$EXBX looking through tier changes from pink limited to pink current, and I saw some other tickers that had their attorney letters submitted 9/14 and 9/15 that went limited to pink yesterday and today. About 2 weeks and a couple days.
Possibly $EXBX will get its tier change upgrade sometime next week, with the attorney letter here having been submitted 9/17.
All reports and attorney letter are current as of end of last quarter 6/30. The only reason the yield sign (pink limited information) is up is because OTC Markets is slow to make tier changes from pink limited to pink current.
This is not a situation where the delay is unique to $EGOC. It's widespread.
Possible, but Q3 report is not due until November 15. I'm expecting it to come out closer to then.
These shares are already accounted for in the OS. As I'm sure most of you know, the OS is 1.3 billion. That's a count I like. Plenty of liquidity without being bloated.
While the 167 million is not nothing, the ideas that it is so much it can't be absorbed and will crush the shell, or that a fake company was set up to facilitate selling these shares, are ludicrous.
That's exactly what he wants everyone to believe.
..."when you buy EGOC all you are doing is paying off people who lost money in EGOC long ago, would some set up a situation with a fake business to entice the public to buy into a Chinese company with vaguely worded DD on websites that need to be translated..."
The conspiracy theories are endless. I bet the walls of his rooms are covered in tinfoil.