OTC stocks are fun to trade but please do not buy or sell on anything I might post. Just fun money here.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
But then 100 shares reduced to what 1 share after the 1:3500.
Likely some big retail guy trying to goad someone into thinking this dead pig has volume.
Not really or the "market" wouldn't have tanked 60% here. A win would be GDSI taking over a company with real revenues. Not the prospect of a long drawn-out court battler where the outcome and / or ultimate settlement are unsure.
PB also said he had a source that GDSI/Rontan were just finishing some minor details and the deal would be signed shortly. That didn't work out so well.
If you believe, by more on the large gap down.
Listen, it's why he did the RS. If he has no bid he can't sell shares. Who knows how long the bid on this fraud will last after the RS but he'll be able to sell enough of his 10 billion shares to pay for his salary and vacation.
not true. just like Rontan could call for a second audit. Wonder what they found?
you overlooked the "without cause" provision?
I wish all of you luck. I just think it's silly how all the people in the know here with all these inside sources who were so adamant that the closing of the deal and the naming of Max as the new CEO was imminent. Some here explicitly stated they had first hand knowledge of the fact.
Now that particular poster is saying...oh, it's a complicated process and it really doesn't matter if they close the deal or not.
The whole premise of this being as PB and others stated "a life changer" revolved around current shareholders owning a $100 million annual revenue producer going forward. As much as I'd like to see it, that's not happening it seems. Rontan without Max is nothing to GDSI. Fighting years for a penalty? GDSI will go belly-up before they see $ from that case in my opinion.
you think Rontan is going to just hand over millions without putting up a big fight? And what if they can show cause? It's not like GDSI has been a great operating company. Did they disclose to Rontan their other legal cases? I'd think a court would be sympathetic to the argument that we backed out because we had no idea their specialty vehicles divions was about to be evicted.
you seem to forget that sullivan never wanted to take over the company...he wanted max to lead the new entity.
Insiders can't sell based on news the public hasn't gotten yet. Does that happen? No doubt but it's illegal. And insiders would need to file appropriate forms which takes time once they got the news.
I'm not sue if insiders really own that much here...some would know maybe.
A bit different to announce the win of a $25 million contract vs. hopes of winning a $25 million judgement in court I'd say.
Do you think that the lawyers for Rontan won't fight to show cause? And if they can't by the time this gets to court and decided then re=decided upon appeal, does GDSI have enough funds to keep it's doors open? What are they going to produce? Their only option would be to sell the rest of the shares they have, then R/S, then sell more shares. Unless that is you're telling us the NACSV is going to win more contracts. that seems doubtful.
Still trying to see how anyone in good faith could say this is good news.
I don't think the 8k came out until after the market closed.
It's not like GDSI - even if they could enforce various terms of the contract - force the CEO of Rontan to become the CEO of the new entity.
Except it is Rontan that wanted no part of GDSI in the end.
I don't see how Rontan would pay a sum equal to their indebtedness if GDSI has not assumed any of their debt...plus it appears to be contingent on if Rontan found another buyer. And the whole termination depends 100% on whether Rontan had cause to terminate the agreement. Maybe they did...why the second audit. Maybe the troubles with NACSV is cause. I don't know. I'm sure they'll have some arguments.
Not sure the number is anywhere near that and would likely take years to enforce. How would GDSI survive until then.
Hope it works out. Curious to see.
These mergers and LOI down here in pink land rarely work out. Just gives traders room to trade and creates a lot of bagholders in the end.
Who knows how this will play out. There has to be some selling pressure Monday as this is unexpected and bad news. It will bounce if the selling is too much I figure and will give others a chance to get out. If the big holders here start dumping as I suspect it could get ugly.
But this is why OTC is fun...and dangerous. These are the times you make a lot of money or lose a lot.
That's because it dropped to almost nothing. And what's important is dollar volume. We're talking usually about $50k or so I believe. That's not a lot when you have as many "big" players as you do here. A group of less than 8 people could've pushed this up for whatever reason. If good news was leaked or a real indication that this deal was about done...you would've seen hudreds of thousands of dollars traded it on big volume.
I essentially broke even so I lost out a bit and could've made some trading gains. But when NACSV closed its doors it wasn't a good sign...not a deal killer but not a great sign.
it just didn't leak out. There were few people in reality in the know here. Who was going to leak it at GDSI? They essentially have a virtual office.
It's gone up quite a bit lately on low volume. Never trust price moves on low volume either way.
Glad I sold but weren't you the one claiming "sources" assuring the deal was done. Tsk. Tsk.
That's part of the story but look at the price history of just about any OTC stock that's gone that route. It's not good. They're usually back where they started. If we had the revenues to support $1 price we'd be at $1.
Explosive for sure...just announced a 1:3,500 R/S LOL.
Yeah but this would require at least a 1:5 reverse split so you'd need to be holding a pretty good chunk to have much left.
I don't think you'd win much with an RS. Investors rarely do if it's solely for the purpose of meeting an exchange requirement.
I used to own a lot of this.
Is any stock dirt cheap that has no revenues or potential for revenues. The only hope here is that someone buys this shell and they haven't yet.
Looks like that person who borrowed 20 million shares to short this didn't make out too well. Not that I believed it in the first place.
full of crap...no current shareholder was on here asking for a R/S. No shareholder in his right mind would want one except say a shareholder with billions of shares...hmmm...wonder who that is?
Some might even suggest two different people sharing the same computer LOL.
My point is that you can't trust big moves - plus or minus - on low volume.
My only concern as someone who has common sense it that this move today occurred on very little volume.
I think everyone on this board would note that the evidence is on my side. I can see evidence of Winters not delivering. You have speculation of what you hope he will do. I can't see where you can have any faith in him. The prices is down what...almost 100% since he took over.
Endless shares.
Notice what Brian always says in his twitter posts that end up never going anywhere. "I reached out to...". That's not news. Heck I can call the White House then tell my buddies, "In order to help you I reached all the way out to the White House today." Impressive huh?
Where's it running? There's been a whopping $200 bought. Crazy to buy this and then have your shares wiped out when the R/S finalizes.
he was trying to get rid of as many old shareholders as he could so that he could sucker in new ones
Bearish loading zone coming.
Almost $500 traded today. Maybe it's Facebook's CEO loading shares LOL.
It's done many. Of course they don't keep the same symbol to make it harder for the suckers to trace their scam.
Sure it will. No reason not to. The "majority" voted for it.
I thought the RS was cancelled LOL.