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Can someone confirm for me if it is true that the amount of shares outstanding is only 2.500.000?
It does not seem to be correct? Anyone who can confirm me the amount of outstanding shares at this moment?
Thanks!
This is a bargain price!
If I hear ppl saying Sharkreach is a fraud because they ended up not buying Mastermind Marketing and it was just a PR.. That's ridiculous!
That would mean Mastermind Marketing was part of the "fraud" and stunt... Total BS!
Neither you nor I do know what is the reason that they didn't acquire Mastermind Marketing. We will probably hear soon!
Look at their team and BOD: a.o. Steve Smith, Steve Moriya, Kevin Harrington, Eric Pilkington, Jake Kovalcik, Jim Louderback (Venture partner) etc. All veterans in their field! I see no reason why any of these veterans would join a "fraud company".
If you are now new to SHRK and willing to invest, do your DD! I think this is a great moment to step in!
I heard they indeed didn't buy Mastermind Marketing, but are still working hard on the other acquisitions! More news very soon!
By the way, heavy volume today!
I tried to call them but horn was thrown off immediately when I asekd about Sharkreach. If they didn't acquire Mastermind, why Mastermind wouldn't respond to that earlier?
Can you give more details on this?
The latest I heard the company is working on 5 acquisitions and is close to closing their next deal.
About Harrington and MIM not on their website, it looks like it has to do with their server update few weeks ago.
Ssttt.. Matter of time, matter of time...
Oh, and please stop with "Move on people". You say that for a long time now, but you keep coming back... ;)
I totally agree with you and the fact that time has a demoralizing effect on people. However, they have been honest about their "work in stealth mode" because the media/advertising branch is a very competitive industry so they do not want to throw everything on the streets.
It is a shame to see the the stock drop so hard, they are currently working very hard to complete the second major acquisition!
I guess it will still take some time before they can give any new updates. I hope they can give some updates in the mean time to show the work they do and done.
..............
Is there any support for your conclusions? I am not following this? All you do is scream without any facts.
I guess we can conclude now that you were a 'sucker chaser'??
You are so frustrated over here and over your so called 'playing money'. That's alot of emotion..
I guess they said that because they are going to skyrocket!;)
Some people are so impatient. One advice: Step in and check back in half a year or step out and move on!
I honestly believe Sharkreach will make it. They recently acquired Mastermind and acquired Entourage in early 2016. I am sure they are very busy on all fronts. They have an impressive team and BOD with valuable and respected people that would never join a scam.
The only thing I can not understand is the fact they keep quiet for such a long time. We have not heared anything for over a month. I am looking forward to their financials over 2016. (Of which I do not have high expectations by the way)
I feel sorry for you and understand your frustrations..
Investing isn't a get rich quick scheme... Give it some more time!
I guess they need some extra time to prepare and publish their financial data.
10-K will be online very soon.
I don't want to pin a date at it so that is why I said between now and two weeks, but if I am correct it will be online next monday, on January 23th.
Short interest as of December 30th: 0
These Promo's ain't lame. Sharkreach always said they quietly going through a M&A process. They said that throughout 2016. In September 2016 Steve Smith said they would more actively let the public know about Sharkreach: that is exactly what you see the last months. You call it lame, I call it promotion and creating awareness.
I have to agree with you punctual guys: Mr. Smith promised to close 4-5 M&A deals before the elections and they did not.
In this case you can be negative and punctual or be positive and see that they already closed one deal and more deals are in progress.
Related to financials: -as said before- I expect more updates between now and two weeks.
Finally: There are some people around who are constantly negative which I can understand if you bought shares in early 2016 and are now stuck with your shares bought around $0.4-0.80. Bad timing I guess.
If you missed the interview with Steve Smith on January 12th, here is a link: https://soundcloud.com/eliances/steve-smith-founder-ceo
To support my previous message:
$SHRK Company SharkReach, Inc. just submited new SEC filing https://t.co/Z306hOyd0T #sharkreach
— BizPedia SEC (@BizpediaSec) January 1, 2017
New filing on the way.. ;)
I am convinced they are currently working hard on getting that together. I think we can expect some financial updates in january-february 2017.
LOL, what are you talking about?
...And so I quote the pessimists and bears: "They have no money, no income, no whatsoever.."
I guess this is just voluntary work, right?
I have been patiently waiting for anyone to start talking about Sharkreachs second LOI/acquisition. I wonder why Sharkreach itself remains so quiet about it. Since nobody does, let me do it. (A)
In the 8-K filing (Agreement and plan of merger from MIM) they state under Schedule HH - SharkReach Material Contracts, that they have a LOI dated July 14th, 2016 with BEAM Interactive & Relationship Marketing, LLC. A company based in Boston with 75+ employees.
If you take a look at their website, you can find another great list of clients: https://www.beamland.com/
It includes a.o. Mini, Converse, Puma, Yahoo, Deutsche Bank etc.
No way. This quiet time means work in progress.
I can understand your opinion. I can not disagree that actual up-to-date financials have not been given until now. I do believe it will come soon.
I have said this many times now, Sharkreach is still a start up company who is trying to build a solid holding company with different marketing companies. The reason they keep a lot quiet has to do with the competition in the market they are in. Why else would they not announce the two other LOI's they have at the moment?
I think somewhere in 2017, when more deals are closing and they open up on more things, the stock price will change. It will only be a matter of time.
Haha! Come on, give it some time. They are currently very busy closing deals and working on their (first) project. Recently they announced the Home Depot and they are working on a project co-owned by Kevin Harrington and Mike Tyson coming up this holiday season.
My guess, and I do not know this(!), is that by March/April 2017 they complete most of the announced acquisitions/LOI's. CEO said they hope to complete acquisitions before the end of this year. I do not believe they get that done because in his last interview (November 24th), Steve Smith said they are currently midway on the announced acquisitions.
The least I expect is some combined (financial) update on Sharkreach and Mastermind before the end of this year. I hope that will bring a small -positive- reaction to the market.
They built a very impressive and experencied team so I am sure they know what they are doing and are absolutely able to create true shareholder value!
Like I said before, I think it has to do with their way of work and the strong competition in the influencer market. They have said several times they have like 6 LOI's outstanding of which right now only 4 are made public (Mastermind and three more) with three still unknown companies for the public. Steve Smith did say before they are currently working in stealth mode because of the competition in the market. They only bring the news and filings they have to for SEC etc. So they try to create a big holding company with some solid diversified companies in digital marketing and set everything in place before they jump out of stealth mode.
As said many times before: It will only be a matter of time before the market reacts. (and with this I never meant days or weeks;)..)
And why the markets have not reacted? I guess it has to do with their outdated filings. Investors want to see real and actual numbers. ;)
New interview with CEO Steve Smith at TheStockRadio: http://thestockradio.com/3297-3297.html
If you use an Ad-blocker, turn it off. ;)
Shallow Pockets, good to see you finally give in and get on the good side. ;)
This is great news! Really makes my day. :)
Goldmanpro, I totally agree with you (and am long btw).
As with investing, most investors do not react to this, as they want to see these revenues etc. back in filings(thorough and clarified). The same goes for their acquisitions. I am sure it is only a matter of time before we see that, that will be a turning point in the stockprice.
I had hoped Sharkreach had given a bit of a bigger update in their 8-K, both 2016 and future outlooks on their acquisitions. I am afraid they soon have to deliver $3M in stock to MIM at current price. I hope they can give another update soon so the stock price can go up a little bit before they finish the deal with MIM.
I can understand that it is pretty difficult for them. On one hand they try to set up the company in stealth mode because influencer marketing is a very competitive business. On the other hand they want to create a higher stock price because buying companies as a start up via stock will dilute shares less at a higher stockprice then a lower(which is obvious).
Well, the update was to clean and update on "old stuff" which they did. I had hoped for a more lengthy update which included 2016. I wonder when we can expect a financial update up to now. Appearantly there was indeed no interview on FOX. I guess it has been delayed/cancelled for some good reason.
Since they try to get a lot done before the end of the year I expect more information in the coming weeks.
8-K online now!! Let's take a look!! :)
Interesting article!
Goldmanpro, you told us Harrington will be on FOX today, has it been delayed? When can we expect this interview?
This week is THE week.
This monday, Nov 14th, we see Kevin Harrington and Steve Smith on FOX!
..And if I am correct, we can expect the long awaited 8-K filing with an udpdate on financials too, this week!
Any other news at this moment?
Just a little bit more promo on this TV interview from Sharkreach's side wouldn't hurt.. ;)
P.S. Still long and strong! ;)
You are probably right.. It might lower a little this and next week. I expect Sharkreachs 8-K filing online around end of next week or the week after.
@ Goldmanpro, do you probably know when we can expect Sharkreachs 8-K filing?