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I literally searched “Panshi” on Edgar, saw a white paper, and started skimming it over my lunch break. I rushed DD and was wrong initially.
Thanks for calling me out on it so I could correct myself. I hope this turns into a big win for all of you.
Apologies, everyone. The SBES play is legit.
I have to apologize for my earlier post. Searching for a company’s name in Edgar, clicking on a white paper, skimming the share structure overview, and writing a quick post during a 15 minute lunch break shouldn’t be construed as DD.
After a few more hours of DD (I literally read all the SEC and court filings since 2015) when I got out of work, I am on board with this play. If Mr. Xu is legitimate, then this is legit and could be huge. I don’t know how much my opinion matters at this point, but at least wanted to offer a correction.
I won’t be taking a position at this point, but good luck to all. I hope this RM makes you all very rich.
Panshi/RockySaaS to Register as GIP on the Nasdaq
Per their filings, Panshi/RockySaaS are registering under “GIP” on Nasdaq and their legal representation appears to be Hunter Taubman Fischer & Li LLC.
Has anyone been able to explain how SBES is still connected?
To me, it seems like Xi lost out on the Panshi/RockySaaS merger and is trying to go current on filings to increase the value of this listing.
https://www.sec.gov/Archives/edgar/data/1780731/000121390019019438/ff12019a1_globalinternet.htm#a_018
I think we were all "drunk on XRP"...
for the past few weeks, no worries. In addition to Stellar, Sumo, Kucoin, and a few other smaller coins that will eventually moon, consider adding Ethereum and Monero for more stable long term gains because of their relative competitive advantages in the crypto market right now.
AZFL hired a marketing firm to pump the stock
They hired a marketing firm to pump the stock on social media, do PRs, etc., so they'd be able to raise the authorized share amount and issue new convertible notes to issue to their own shell corps, families, and friends. Basically, everyone except a few shareholders who were told about the AS in advance were screwed by the AZFL insiders, who sold their shares before the AS increase was announced.
If you're not an insider, be careful about owning this stock. This company is not on the up-and-up and doesn't care one iota about its shareholders. Also, watch out for a long-rumored RS soon. In the past, good news has tended to be followed by bad news with AZFL.
What makes you think that XRP will ever go anywhere except down?
This coin is sketchy and has a poor business plan:
Crypto Currencies Don't Get "Bought" by Other Cryptocurrencies
Also, Dogecoin's tech is outdated, Ripple is a scam, and the only sure bets for 2018 are Ethereum (ETH) and Monero (XMR) because of their underlying tech and potential.
Ethereum is tethered to hundreds of thousands of specialized independent "projects" and "tokens", and demand will continue to grow. Monero is the most anonymous and one of the most efficient coins at the speed of transfers, so it has excelled in the fundamental elements of the competitive advantages in the crypto market.
Will these two net you as much as a smaller coin? Maybe not, but they're the safest bets to double or triple your investment in 2018.
Common shares are going to be cancelled as part of the proposed settlement.
They may reissue publicly at a later date, but I'd consider selling and taking what you can save before the stock is cancelled.
It would take nothing short of a miracle for this settlement plan not to be approved. Orchard Acquisition Co. owns majority and helped carve out this settlement plan. It sucks for the shareholders, but maybe the company will survive.
The notes convert when idiot pumpers buy more.
Cortez and His Inner Circle are Probably Short
Why is it surprising that he hasn't released lab tests? They've gotta cover the shorts they took out overseas and slowly accumulate again before releasing anything substantively (or fraudulently) positive.
Insider Trading Likely Occurred before AS Increase
skydog526 brought up a fascinating point regarding the shorting of OTC scams:
Cortez was the Director in the WOOD Scam
And AZFL is following the same exact script of past Fernandez frauds thus far. Anyone who owns this stock and isn't the least bit worried right now should be worried. This could potentially be the third or fourth time some of the people currently involved in AZFL have been part of successfully defrauding their shareholders via a publicly-traded company.
Eddie waited to brag about dumping his stock for $500+k
Facts/Timeline on Eddie's Trades:
-There was no disclosure that any additional convertible notes were outstanding in AZFL's financials and the company was going to raise AS to 6,000,000,000 shares from 3,000,000,000.
-Eddie meets with Cortez and AZFL
-Eddie dumps his shares knowing the AS increase would occur, without it being public knowledge and admits in the tweets that he doesn't control "eshare structure"; he sold his stock on insider knowledge that the doubling of authorized shares was going to occur.
-Eddie brags about making $500k+ on AZFL on his Twitter
Someone should seriously consider reporting him to the SEC.
Not Really, People were expecting a PR Today
If that still doesn't happen today, then this is going to keep tanking next week.
Next R/S Coming in 2018, so 2-14 Months
RE: The AZFL Stock Facebook Page
No, I am not "lying".
Look at the financial filings, look at what the Fernandezs did with $WOOD and how similar that scheme was to what is going on now with AZFL. Look into the continuing compensation for Green America Properties, Earthpass LLC-- what do they do/have they done for AZFL for the company to keep paying them your money? Why has Empire Wireless Group, a company that specializes in customs/border security, only paid $500,000 for $600,000 worth of convertible notes? What is AZFL getting from them in return for that $100,000?
I wish I knew the answers to these and many more questions, but what I do know is that if Cortez and AZFL follow the model that the Fernandezs used for years, then there is NO HARVEST and this stock will NOT rebound.
I neither own this stock, nor do I want any part of owning it after my due diligence here. I am disgusted by the years of fraud I have found. I consider myself a trader; not a high stakes gambler.
That all said, good luck to all of you. And to those who will keep holding or buying, I truly hope that this somehow turns out to be legit.
Re: Reinstatement and Giovanna Salazar
Good catch. Is this another shill of the Fernandezs? I'm having trouble tracking her.
RE: The Fernandezs and AZFL
That is correct. They are not allowed to be part of a Board of Directors or found publicly-traded companies, which makes me think that Cortez and the BoD might just be well-paid yesmen for this scheme on behalf of the Fernandezs.
RE: Who is Canaway Inc.?
(Back-up direct link: https://i.imgur.com/Fx4rJHy.png)
Thanks, man.
Here are the summaries of the schemes Raquel Moris-Fernandez (of AZFL partners/consultants Green America Properties and KRP Florestal) and her husband Ray ran:
If the pattern holds and Moris-Fernandez is subverting being banned from running publicly traded companies and really directing things behind the scenes, then AZFL does not own any hemp whatsoever; another entity does. The entire process was fabricated and AZFL is just a public shell that is run on behalf of Moris-Fernandez to enrich herself fraudulently at the expense of shareholders through convertible notes and cash from bogus consultant fees/partnerships. If this holds true, the increase in authorized shares announced in October was done so Moris-Fernandez could continue to use convertible notes to further enrich herself through AZFL stock. Any further dilution would likely be Moris-Fernandez, friends, and family converting notes into AZFL common shares. This is why the float is gagged by AZFL. It's the final piece in proving the fraud beyond a reasonable doubt.
I have no clue.
I have never seen such blatant fraud from a publicly-traded company before, so this is a new experience for me. I sincerely hope that the SEC steps in here. AZFL paying consultant fees to themselves through shell corps is fraud, and a violation that warrants a halt in itself.
The KPR Florestal and Green American Prop $=missing link
The money to KPR Florestal Inc. and Green America Properties LLC are the missing links to how this fraud was committed. Green America Properties is a subsidiary of Raquel Moris-Fernandez's KPR Florestal.
On the FY-15 and FY-16 10Q filings, you can see how AZFL acted as a publicly-traded shell for Moris-Fernandez to enrich herself via "partnerships" with AZFL (that were mostly funded through convertible notes):
This scheme is eerily similar to schemes that Moris-Fernandez (and her late husband, Ray) ran, which barred them from participating in publicly-traded company ownership/participation:
It's clear that Raquel Moris-Fernandez is using AZFL to enrich herself much like she did in the Madera International, Inc. scheme(s). The only question I have is whether Ricardo Cortez is using her as a consultant for advice on how to market to continually rip-off the shareholders, or if Moris-Fernandez is actually pulling the strings of AZFL behind the scenes since she is barred by past SEC action.
If it looks like a duck, swims like a duck...
...and quacks like a duck, then it probably is a duck. The lack of transparency with Green America, the ownership of the harvest, the new dilution, updates on the harvest, the acquisition of Earthpass LLC from Cortez's daughter for $3.2mn in 1/16, and a bunch of other red flags are pointing towards this being a scam.
215 Million of New Dilution in October...
...and no explanation of why. The filings with the SEC documented that there were no convertible notes and the company claimed there would be no further dilution. One of those two statements was a lie, which means Cortez and the BoD have committed fraud with this dilution. Further, the lack of a PR explaining why this dilution occurred (and wasn't in the filings) is another HUGE red flag.
There is no timetable for a PR on the harvest and we have no proof that they actually owned the harvested crops through AZFL. They worked suspiciously close with "Green America"-- a company owned by Cortez's daughter and the AZFL BoD; it wouldn't surprise me if they harvested the money and ran. I'm going to "harvest" my money here and getting as far as I can away from this company's stock.
Mid-20's are Likely Not Happening
Unless the person running the scalping bots has a script that's based on shorts, too, this mid-20's are a pipedream. As long as they don't or keep running this script, we're probably going to be sitting in the 30s range until a catalyst event. Right now, they need the price to stay in the 30's for their bots to maintain profitability scalping.
The Bidsitters are Someone's Scalping Bots
So are most of the asks. We established that there are at least two scalping bots running on ITKH (at .005 and .007 spreads) this morning through experimenting. We're going to need a catalyst to move in either direction. Mid-2's aren't "going to come soon" because the price is being controlled by these two (or more) bots. Whoever is running these bots would lose money if the price drops because they're based on buying (not shorting) and wouldn't be effective if the mark changes too dramatically.
CDEL is just the exchange processing the trade as the MM. They're just the fastest MM for the larger amount of shares on ITKH, and not the ones running the bot.
Good News & Bad News on the Bot-front
The 70k ask at .0034 was me--
Putting an ask within the .0005 spread worked and got the bot to cancel its asks at .0036, which is good news. Apparently, it pulls its ask when the spread is under .005. The bad news is that I think there may be a second bot running at a .0007 spread. Ugh.
I'm going to mess around and undercut the bot here at .0034 and see what happens. Maybe I can get it to cancel some of the asks.
Keeping that $0.0005 spread alive...
...knowing this, how can we beat this thing?
Like clockwork...
The bid at .0032 disappeared after that last 100k share buy, and our robot friend on the CDEL moved its bid down to .0036 to match the new .0031 bid level. This kind of thing should be illegal.
One can hope that they'd move on.
However, I made $26 off using the same strategy their bot uses at the .0004 spread this morning, even with the lack of volume. If all they have to do is run their bot while they're at work or doing other things, then I think we can rule out the possibility of them moving on out of boredom. Let's just hope the merger or Q1 guidance gives us enough of a catalyst to finally break through the bot's asks soon.
My bids were popping up as CDEL this morning, too. Whoever this is, they're running a bot to scalp for $0.005 of profit between the bids and the asks, and it's been profitable for them. They're not going away any time soon. We need a whale to buy in, a huge amount of other traders to buy, or the stock price to drop (unlikely because the company is so undervalued) in order to beat this bot.
Price isn't going anywhere with the scalping bot that someone is running on this ticker.
The price will stay stable as long as this bot keeps running-- this is a big reason why the company is so grossly undervalued and hasn't seen a bigger run. I've tried to beat this bot by throwing up asks below its asks and bids above the bot's bids and have accidentally made $26 today, so I don't think these CDEL bids and asks are "going away" anytime soon. Whoever is running this script is nickel-and-diming us.
I'm going to try to work to try to undercut and confuse the bot, so we can finally have organic price action again.
These Ask Walls Need to Stop
It's a shame because I was ready to take a big position (1.5 million shares) in ITKH today at .004, but I saw the ask walls go up at open. Whoever is doing this scared me off, and is losing themselves money on this stock. I'll come back to this sometime before the merger PR and Q1 guidance is released and when my position can actually go towards making this run instead of eating an absurd ask wall of weak hands. A great deal of people play OTC on charts and volume alone, so it makes no sense for me to pour money into this stock when it won't make the technicals look any more appealing on the volume I would create.
MACD crossover: Second leg coming?
It looks like the MACD is about to cross over on this one and it's channelling up-- this may see a second leg this afternoon. I'm seriously considering scooping some shares because it looks like only ~3 mil gets this to pennyland on level 2 right now.
This acquisition is 2.5 million reasons to buy more at this level.