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2HK, I straight up owe you an apology. I didn't believe you at first and participated in the bashing against you. I'm glad someone was warning everyone back then. Next time, if there is one, I won't ignore the warnings and will at least investigate without emotion involved.
Quickly checking in here. The lack of declaration on what CoreGroup's leadership has planned for this stock is a bit concerning to me as well. But, more concerning is the broader market beatdown on crypto and blockchain investments, tech in general. Frankly, it feels like the dot com bubble all over again . Unless that sentiment turns around, I don't see ARAT hitting my early $50 price target for many years. I will be happy if I am wrong.
That said, I haven't done any DD on ARAT in months, so there is likely a lot I am missing. However, I have been seeing the core group announcements and I like what see there.
BTW, as some here know, I got out of the OTC (including ARAT) months ago. So, I am not the recent seller.
No, I haven't followed this stock in a long time. I don't even know what happened here since the 2020 post you replied to.
That is what I'm leaning towards, but I don't know all the nuances.
Thing is, I'm not sure he even has the option to sell the shares anymore. Thru Pharma in South Dakota was a Branch of Thru Pharma of Delaware. While I haven't paid the 10 bucks to find out the status of Thru Pharma in Delaware, I do know the South Dakota branch was dissolved by the state itself in 2018.
It should be noted that Thru Pharma is controlled by the former owner of ARAT. He didn't put up a fight in court when Lazar sought custodianship. Take a look at the ibox where I detailed why Thru Pharma controls those shares.
The NT 10-k is not a problem. They also filed a NT 10-Q in September and then filed the 10-Q six days later.
The Court Case File number 2110873 is that of Roots Properties v. Cybernetic Technologies Ltd. (HPIL) and Stephen Brown and it makes allegations concerning "The Auctus Loans" and certain agreements Brown allegedly entered into with Roots Properties concerning those loans. For some reason the file id in the URL associated with the case is 3228157. I'm not sure why that is.
URL directly to case. https://justice.gov.bc.ca/cso/esearch/file/caseBasics.do?fileID=3228157
It costs 3 dollars to view the case and 3 dollars to order the associated PDFs that detail the complaint.
Several of the leaders of Core got Covid. That and supply chain issues apparently set them back a few weeks.
I'm back in as of a few minutes ago. I didn't need as much "lunch money" as I thought I did.
I doubt that other stock is the one. For one thing, it is not a shell and the Core leadership specifically mentioned a shell. Also, that other stock is not owned by the Michael Loubser, whereas ARAT is owned by him.
Interesting! Great find!
Oh yeah, before the reverse merger with FUBO the ticker (can't remember what it was at the moment) languished in penny stock land for about a decade or so.
I went back and look at FUBO (its been a long time since I was in it). I was incorrect, FUBO did tank soon after the split, but once people realized what was coming into it, the price began to rise. The fact it is a streaming service and, as I recall, they officially launched during Covid, which really helped send the price up.
Hmm... I went and dug into ESPI's filings and found what you are talking about. It appears their split was approved by the board the same day Lazar resigned. As I haven't been in ESPI for a long time, I had not heard about that.
Anyways, I would be absolutely shocked by an RS for ARAT since the price is already at NASDAQ levels. And no, I am not saying you are foolish for being concerned. The OTC is risk almost personified. If you can't handle that risk, then perhaps you shouldn't be playing OTC tickers.
On the other hand, I think people occasionally miss the part where a split doesn't destroy the value of a ticker automatically. Just look at what happened to FUBO. It split as it became FUBO and then shot upwards a little while later. So, here's hoping that ARAT is as powerful as FUBO if it does split.
I think you got your terms mixed up. I think you meant reverse split, and not reverse merger. I don't see the purpose of reverse splitting a 10 mil share float. That would simply make all of their investors angry, including those who hold their crypto and token. Also, ESPIQ (238M OS) has not had a reverse split, so I am not sure what you are talking about there.
Anyways, those are my thoughts.
Here is the video where the CFO is mentioned and the text of my tweet on it.
Thank you pennypauly! You stay safe as well. :)
Roughly 25% of the volume was me.
In one of the videos they mentioned their CFO was in charge of a shell. Last I checked, according to SEC filings, the only shell that CFO is in control of is ARAT.
Hey all, been a bit since I checked in. Glad to see action on the board. I think ARAT still has the potential for significant returns in the near future. I have been watching the Core Group's telegram channels and I think they have something really special that the world will know about soon. It looks to me like as soon as they can kick Covid out of the office and supply chain, positive news should come.
Unfortunately, I needed "lunch money," as some here call it, so I had to sell my position. I also had to sell some other OTC stocks that are also poised for good runs.
I'm going to miss ARAT. I love this stock.
I am going to leave my DD up in the info box and I think I will remain a mod for now.
Ironically, CoreGroup shared their update a day early, and just a few minutes after my previous post.
Just an FYI. Yesterday, CoreGroup's Chief Marketing Officer, Matej Korený, said on the CoreGroup Telegram that news of some sort is dropping Christmas Eve. Sounds like something significant based on his statements earlier in the month. This could be the news we are waiting for regarding ARAT.
There were 748 shares bought on the ask at just under $7 between 2:30 and 3PM. And yet, those purchases somehow did not factor into the day's price movement. So, in reality ARAT did not close at 5.75, but at 6.95.
Last transaction I am seeing is 7.575, 100 shares, at 1:44:56 pm eastern. It showed up immediately for me.
Odd... it didnt hit the questrade tape until 4:02.
It was only $20k, and now it has been removed. Someone may have been trying to prevent a run so they could get cheapies. Lol
Yup.
A little further into the video the CEO of Wall Street Capitol mentions that Core Group's shell's CFO is Christopher Strachan. There are only two SEC reporting companies controlled by Strachan. Only one of them is a shell, and that is $ARAT!
New video featuring CoreGroup. Very early in the video Michael Loubster says "We have acquired a public shell..."
Yeah, the updated email address is interesting. Signs of life.
Nice action today.
Good sticky
My initial price target is $50. I would love to see $100 eventually.
And yes, I am still around. :)
$SMFX Reverse Merger completed October 1, see note 9 of today's filing (bottom of filing). Formerly Lazar custo PFMS. https://www.otcmarkets.com/otcapi/company/financial-report/306736/content
Note 9 says Reverse Merger completed October 1st! See note 9 at the very bottom of the October 15th filings!
IT's quite the disappointment that the company couldn't even live up to their bankruptcy obligations. It really wasn't a surprise, but many of us hoped the feds would force the owner to sell the company and ticker for the sake of shareholders. The guy who owns the company was in jail even before the bankruptcy started. If you aren't aware of that, you might want to read through the stuff that was uncovered this year.
Do we have a buyer? A 30 mil block of restricted shares was issued today. Based on my past experience with various custodianships, this usually means a buyer has shown up. This block of shares would give a buyer complete control of the company.