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Ironically one of the requirements to have its Caveat Emptor designation removed was for BLLB management to prove that the company is not a shell and is an active growing business.
So a nice plus here is that the company already has active debt purchases on the books and is now set to have the $20 million debt purchase deal completed plus aiming to complete a merger. Quite a bit of upside potential here.
Literally if you just scroll to the bottom of the link that you posted in this message it shows that this is not true.
It shows Avenu has dozens of satellite corps filed under the same name, with a new listing almost every year, and that the home company of the one you provided is the legitimate Avenu incorporated in the year 2005. It literally labels it as such in plain wording so that people don't get confused.
That is not true. You're confusing 2021 with 2020.
2020 saw widespread growth across the OTC. The second half of the first quarter of 2021 saw new SEC rules come into effect that forced all non-current reporting companies to move to the expert market and many stocks were delisted. In one week alone around 100 otc stocks were barred from trading, with investors losing the entirety of their investments overnight.
There were also numerous promoter and scam artist arrests, leading to reduced marketing network effect. All of that combined caused widespread fear and sell-offs in the otc for most of 2021 so the fact that her picks still did so well through all of that, bodes well for BLLB.
Yes, the first one, MJWL ran up 44,067% in 2021 to a market cap of over half a billion dollars. For BLLB to make a comparative move it would have to gain around 74 times over from current price.
The second one ICOA ran up 27,800% to a market cap of around $166 million.
Thank you for bringing this up. It's incredible that these were also picks worked on by BLLB's interim CEO Kim Halvorson. Knowing that she spearheaded two of the largest runners of last year and is now focused on BLLB is comforting.
This could potentially sound less ignorant if volume wasn't so low. Claiming there was massive dumping end of day, when the entire days volume combined wasn't massive. Lol
He's talking about things that happened four years ago, with some people that briefly "hijacked" bllb and numerous other stocks by posting fake press releases. The people involved all already plead guilty or were found guilty, proving their non-involvement with the company today, which is why BLLB was allowed to have it's caveat emptor removed and return to regular trading. That plus, the current filings.
He seeks to insinuate that his personal investigation methods have turned up more salacious wrongdoing than the 1 and a half year investigation by the entire OTC Markets team and the SEC. The reason that he speaks in verbose borderline riddles whenever asked for simply stated clear cut information, and thrives on posting details that are each nearly 1,500 days old, is because it's all foolishness.
MJWL ran all the way up to $.265 which would currently be a market cap value over $517.6 million. For BLLB to get to that market cap value from current price, it would have to gain another 41.55X or 4,055.57% from current price.
Not to say there is any known tangible reason for that to happen as of yet, since the expected updates from BLLB haven't started to roll out yet but recently learning that Kim Halvorson was also involved in MJWL definitely helps boost confidence in the potential of BLLB.
Imagine spending day after day, devoting your time and energy to posting long winded explanations of why a relative uplist and caveat emptor removal, could never occur and then it does occur as expected.
It's not surprising to see that they are upset, due to that being a bit embarrassing. Now we just have to see if there are details released on a merger candidate.
Prior updates stated that major corporate updates would flow soon after caveat emptor removal and with so much time passed without major updates, I'm thinking there will be quite a bit of backed up news developments.
Awesome! As expected would eventually be the case, as long as we waited out. Kind of have to feel bad for the few that spent the better part of a year falsely claiming this would never happen. What a waste. Lol
Lol, it really is a tireless mission of re-posting BLLB info that is already on this board. The few of us that are here are already aware of it all and almost anyone else that could potentially care can't buy it anyway. They're mostly messages posted into the void with maybe three or four people reading them; An odd mission really.
This seems like an exhaustive amount of work typing up information that has already been posted here before.
I'm not really understanding the purpose of putting yourself through all of this, as it seems a bit time consuming. But I guess it is nice to see it reposted without having to click through too many posts to see all of this again.
All the companies that were set to be delisted were added to OTC Markets Expert Market as of two nights ago.
BLLB remains Pink Sheets Current. Current information filers cannot be demoted to the Expert Market.
Looking further into it, there's no way. She was hired as a consultant there. There's a 0% chance that her focus pick is the one that she most likely stands to make substantially less money from if successful.
You legitimately believe her focus pick is one whose last filing was 6 years ago and not the one that she has likely sunk $100's of thousands of dollars into, and filed years worth of filings, with the most recent of those filings completed within the past week?
Also, just in general she works in numerous picks as a business.
Any mods still active here should sticky some of the posts that contain some of this weeks new info. 2 out of three stickies are more than a year old.
The difference is essentially just that the attorney letter for the attempt to have the Caveat Emptor label removed and upgrade to Pink Sheets Current without that designation, requires that the letter cover each of the filings that have been provided.
Since they filed another quarterly report this week, they filed a new attorney letter afterward that covers the prior filings, plus the newly filed information.
The bullish situation here is that they filed this attorney letter so quickly after this new quarterly report. Typically they have waited much longer as people on this board openly wondered for weeks, why no attorney letter was filed, so it is clear that they are stepping up efforts. I thought the same with the quick turnaround on their recognizing the error in the new quarterly report due to the date reading as share structure as of December 2021 on the first page and so quickly filing the amended filing the following day with the year changed to properly reflect 2020.
Not to knock the prior efforts but with this major firm now a partial owner of the company as shown in the latest quarterly report, the overall effort put in just in this week alone, feels much more streamlined and professional than what we have seen previously with regard to speed and attention to detail. I suspect this is due to the aid and influence of that firm that now has 6.7% ownership. This is very bullish imo.
Man, this is getting wild. I'm glad I held on and didn't succumb to the continued false claims posted here saying that the ticker was abandoned.
Clearly that was never the case, being that there were so many steady filings and the OTC Markets profile was kept current.
You've literally been trying to sell these shares for at least 156 days. Lol
It didn't happen after going Pink Current. The Pink Current improvement was a more recent occurrence. The Caveat Emptor warning began about three years ago. It's definitely not something new.
The new aspect has been the filing of documentation and multiple updates in effort to have that caveat emptor warning removed.
Ah, thank-you. Hopefully it works out and this can finally be completed.
They have released a new attorney letter within 5 weeks of each new document drop this year. I'm thinking your email telling them to release attorney letter #3 will be their reason for filing it but I appreciate the effort.
This time it actually cracked me up XD Thank you for your continued one thought analysis.
I'll check in for your exact same thought next week to see the updated BLLB breakdown. Lmao
8K filed today, showing GMGI landed over $2 million revenue in just the past two full months of May and June 2021. This company is growing fast: https://www.otcmarkets.com/filing/html?id=15086192&guid=9XOkkpxpMbJgith
Top 3! Pretty exciting. At this point anyone claiming that the company is not working to have the CE removed is ignoring the very obvious.
There are few Pink Sheets current companies that can boast as being as compliant with filings as BLLB is and this new 8-K ties up the loose ends.
Bonesy hit the nail on the head pretty well already but on top of that you have to remember to take into account differing market cap values.
HIRU began from a higher market cap value and the higher the cap, the more dollar volume it typically takes to push the price up higher. At it's high today of $.022 after CE removal it hit a total market cap value of $38,460,010.49.
For BLLB to hit the same valuation it would have to increase by 35.66 times to a price per share of about $.0535.
Could see more, or could see less as far as super short term is concerned. The real value would ideally be in the long awaited stream backed up corporate announcements and growth updates that could potentially grow it even farther after CE removal. The majority of guesses as to what may happen don't take into account the fact that this may become a steadily growing company and are mostly just focused on the sudden pop on CE removal day. lol
Oh man, nice! If I can find one in the U.S. that still allows buying I'm loading up so much more. So far I'm only seeing non U.S. opportunities.
I'm wondering the same. I was going to try a virtual broker sign up last week but it wasn't open to U.S. residents. I'm wondering if any are.
The irony of people repeatedly posting the SEC action link, is that they are most likely doing it because they think it's bad news for BLLB because they didn't read the dates and information thoroughly.
If they realized it was good news and bullish for the companies growth moving forward, we probably wouldn't see it posted here half as much, lol.
This eliminates the whole what if, shadow of a doubt that has surrounded the reasoning for the Caveat Emptor being placed 4 years ago, explains why the CEO did not offer specific information on why it was still placed, and paves the way for an easier up-list process.
I was thinking the same earlier today. Though of course companies should remain current, it's pretty rough having to go through a year long process to prove yourself under duress, just to get things back in order, all because complete strangers uninvolved with yourself, briefly hijacked your belongings. Lol
That worried me for a second, until I saw that these things previously happened between 2017 and 2019, haha.
I can see why OTC Markets has been a bit extra cautious in review. So this goes to show why the Caveat Emptor was placed and pretty much just goes to show things are still moving along just fine.
I'm still expecting Caveat Emptor removal sometime soon.
Man, I wish I had buys ready for today. I set up an Interactive Brokers account last week but had trouble getting it to connect to my bank account and forgot about it.
Scooping these wild lows on Interactive Brokers before CE removal seems ideal.
Hello all, I'm curious to know, why does Microstrategy stock see such a big boost on combined news of selling company bonds and also a plan to sell $1 billion worth of series A stick to buy more bitcoin?
I'm just curious because I figured plans to sell would worry investors but instead it seems to be rallying them into a buying frenzy. Is that mainly just due to expectation of the long term price appreciation of bitcoin, or maybe crypto traders buying Microstrategy stock to show solidarity with the efforts of the CEO, Michael Saylor?
I think you might have missed the entirety of what this play is about and why the volume is low.
The low volume is due to BLLB being restricted from trading almost entirely across the board with major exchanges due to its Caveat Emptor designation, so almost only selling and holding is currently allowed across most platforms.
A filing last Friday has the potential to allow buying to be opened across most major exchanges again, due to the potential of a full Pink Sheets Current upgrade with the Caveat Emptor designation removed.
Having high volume currently would be a bit out of the question tbh but if the company becomes Pink Sheets Current that would likely bring significant buying volume.
The difference is that the prior attorney letter was filed prior to the Q1 2021 report showing the continued activity of the business with assets and growth.
For a while the expectation has been that the Q1 2021 report would be needed. One could say filing the prior attorney letter was putting the cart before the horse but it also allowed them to feel out the process in case they could land approval earlier than that Q1 report expectation. Either way, my expectation for months, has been that the CE would not be removed until sometime after the Q1 report and a new attorney letter that also encompasses the time-frame of that report and not just the things that came before it.
You have to admit, that's a pretty hilarious reason to hold onto a stock.
You probably could have unloaded 20 million+ shares of BLLB at reasonably high prices, over the course of the past months in which you have been seeking a 4 million bid.
BLLB fell 61% on a 23 cent trade yesterday, lol. Just a side effect if people being unable to buy. If the CE is removed it will likely rocket back up due to ability to buy it again.
To avoid response I will write it for him
Tchalla: "CE will not be removed"
Lol
I believe Michael did 4 days ago, if his post is current. It appeared to be a copy and paste of a BLLB company email but I'm not sure who specifically it was from.
You can see it in post #29625
Lol, I think this is her third one in the past 21 years. Her first one I believe was in the year 2000. I'm in my 30's and doubt I will see several more from her in my lifetime. Judging by how long this process has been that isn't particularly surprising.
Being that she has been actively updating investors and her most recently filed corporate action for BLLB was within the past few weeks, what information have you found that brought you to conclude that she is done with BLLB?
No worries. I never thought I would see the day when throwing pennies at the bid would cause such wild price swings.
I'll just hold out hope that a true whale steps in with $1 to throw at the ask! Lmao
Yup, 100 share sale X 23 hundredths of a cent price per share = 23 cents sold in that order.