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What do you know about Miguel that gives you insight about no plans being made for this shell?
Today's volume was the result of a tweet.
Only said "Future NASDAQ IPO coming".
No timeframe or details.
Feel sorry for those that bought at .0016, 17, 18 and get immediately dumped on to close at .0010. 😯.
HWNI
Restricted Shares Updated:
- 🔴 From: 141,606,691 (141.61M - 7/16/2024)
- 🟢 To: 140,863,136 (140.86M - 7/25/2024)
(Diff: -743.55K, % Change: -0.525%)
✨ Unrestricted Shares Updated:
- 🔴 From: 99,259,026 (99.26M - 7/16/2024)
- 🟢 To: 100,002,581 (100.00M - 7/25/2024)
(Diff: 743.55K, % Change: 0.749%)
I saw someone on Twitter had liquidated over 20 million shares towards the end of 2023 year for a tax loss. Was tired of the silence. That was the reason this went close to trips.
Will suck to be that guy if this truly rises from the ashes before year end.
Please include me with beta testing the new app. I have been using the app daily since 2017. I like beta testing and trying to find the bugs.
Yes...us mobile app users have rights also. 😀
There is much to be improved upon with it.
I am also mostly a mobile user.
There is much to be desired and fixed with the app. We can discuss that here as well.
It is my understanding a complete overhaul is being made with the app as we speak.
Would be nice to hear of the estimated release date.
Perhaps we can be BETA testers of it.
HOUSTON, TX / ACCESSWIRE / July 25, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") is pleased to provide shareholders with an update of recent activities and its near-term plans going forward. Mr. Jose Pineda stated, "I am excited about the route we have chosen for our company. Although it has taken a while to put the foundation in place, shareholders can expect to see many exciting changes over the next few months. Going forward, I want to express my commitment to quick execution of the plan, and the long-term success and shareholder value of our company."
The Company plans to change its name to US Standard Capital and is currently preparing supporting documentation for the name change application. We expect the application to be filed with FINRA in the next month or two. The Company has launched a new web site at www.usstandardcapital.com.
The Company is moving into its new corporate offices at 5210 Woodway in Houston, TX, this week. The new offices provide ample space for growth and a centralized location with easy access to the main business districts in the city.
The Company plans to acquire JP Developers of Texas (www.jpdevelopersoftexas.com) by September 2024. The Company has identified four other companies in the real estate and construction markets as acquisition targets and plans to move forward with these acquisitions aggressively over the next few months.
The Company has made significant progress on its audits for fiscal years 2022 and 2023, which were initiated a few months ago. The audits for these periods should be completed in the next few weeks. The Company will initiate an audit of its 2024 fiscal year in the near future.
The Company is positioning itself to become a direct filer with the SEC and expects to begin direct filing sometime in the 2025 fiscal year which began on July 1, 2024. Since we have a name change pending and several acquisitions planned for the second half of the calendar year, the exact timing of filing our first Form 10 is still vague. We are moving forward aggressively to file it in as soon as practicable.
About Infrax Systems, Inc.
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc.
1-888-204-4134
ir@infraxinc.com
Not at all.
Does she destroy all shells she is involved in?
I believe I see her doing it elsewhere.
They most likely put a pause on finding a merger while this was being handled by a Receiver.
Since the former company of the ZHUD symbol was found to be "untruthful" with some of the past financials, Belisarian wants to be fully sure this shell is clean of any debt or claims by any creditors.
This will make it much more attractive to a future incoming company.
LOL....wrong board with that number.
The person will shares at 4.99 should sell 1 share on the Bid to show the stock with a gain from $.03 to $.20. 😀
Mysterious volume and big bids on .0006
One more question.
In the worst case scenario, if the attorney letter is not posted, is there a risk of going to CE status??
Or Attorney letter is not as significant of a missing ER and they can remain with Yield sign until resolved?
That is not good. An attorney letter should be like a rubber stamp. Not too complicated.
I wonder if the auditor, BF Borges, that has been barred from securities has something to do with this delay. Perhaps BF reported something that was not true and UATG has to find a way to rectify some misleading info.
Why does UATG have a yield sign if they are not late with Q2 filing?
Problem with Q1 ER?
I did see with the timing of his being announced as a director of the defunct company and the actual delisting, it is possible he had nothing to do with it. Could have been bad timing of getting involved when the wheels were already in motion from the prior management.
AIKO....OTC Markets has been updated.
New address and chairman announced.
Samuel Carl Smith
He was involved with PGPM that went to CE status in 2017. Something sketchy happened with that company and it has been dormant ever since.
Might be best to read up on that board to see the history of what happened there.
Have no idea what Sam has been doing since then if anything.
With all of these wildfires burning on the West Coast now, why is this company being silent about their product?
Why are they not promoting themselves and the product at this opportune moment?
What is holding them back from moving forward at this point in time?
What is the next catalyst?
Makes no sense that they are sitting on the sidelines during an opportunistic moment in time.
The financials do not provide that detail.
He bought 7.7M on the open market. He has sold 2M and appears to be holding the 5M for the future merger.
Will most likely need a detailed press release as to what company is coming into this shell.
HMNU
Director(s) Added:
🟢Fabio De Stefano, Director
Director(s) Removed:
🔴Alessandro Boi, Director
Not much to report with Q2 financials.
A positive note is Cade is still holding his 5 million shares. He is waiting for the future merger.
No dilution happening.
This is still a safe long term hold.
Full Tweet and Follow-Up
The receivership we opened on $ZHUD to ensure the company’s debt-free status is nearing a close. We remain committed to restoring value to existing shareholders. We hope to have an update on this front soon but want to caution again that this process takes time.
We initiated the receivership to make $ZHUD as attractive a vehicle as possible. This entailed extra costs and increased the wait but we firmly believe it was the best decision.
Will be interesting to see what rolls into this shell.
You cannot do proper math when the company is hiding the true outstanding share count behind a gagged TA and late filings.
They obviously don't want to reveal how many Billions have increased in the float.
Never mind. Saw they went on grace period July 2 and were informed it would be until the 16th.
How many days was RNVA with "grace period" before going to the Expert Market?
Some of the other MMs run out of shares but OTCN still has 99M on deck...even after this 250M volume.
Must be frustrating trying to get 2s on the Ask when 1s keep getting reloaded.
Just like clockwork.
Fresh batch of 100M shares on the Ask with OTCN
10K released today.
When trading opens tomorrow, OTCN will have a fresh batch of 100 million shares on the Ask.
Happens every time.
What is interesting about it?
The 1m was moved from Restricted status to Unrestricted shares. They are now part of the trading float.
You can notice this process happening every day with the 10k shares being dumped on the Bid.
Looks like they are diluting 10K shares daily.
You would think they would at least put out some news to create interest and get some Bid support.
AS:300.00M ? OS:21.11M ? R:14.39M ? UR:6.73M ? DTC:3.96M
✨ Restricted Shares Updated:
- 🔴 From: 15,387,529 (15.39M - 5/14/2024)
- 🟢 To: 14,387,529 (14.39M - 7/11/2024)
(Diff: -1.00M, % Change: -6.499%)
✨ Unrestricted Shares Updated:
- 🔴 From: 5,725,085 (5.73M - 5/14/2024)
- 🟢 To: 6,725,085 (6.73M - 7/11/2024)
(Diff: 1.00M, % Change: 17.467%)
Roadmap update.
Q2 was supposed to complete the Reg A with raising $5 million.
Website updates were supposed to be completed.
Telehealth division was supposed to be launched.
Anyone see any updates regarding any of those catalysts? Didn't think so.
Definitely does appear that way.
Company is diluting 10K shares daily with no bid support.
Still waiting to see if a legitimate business is being formed here.
The website for Brand Craft is very sketchy looking. Only generic info and looking like a word salad with no real specifics.
You are correct. The OTC a trading environment and not an investing one. Unfortunately, it became an investing one for many AVVH bag holders, myself included...LOL. Although this has been a zombie stock for 3 years, I do believe it will wake up from it's hibernation in due time.
They have publicly stated in their last financials they are committed to having audited financials with the upcoming annual report.
Sanchez is certainly not pumping the stock, nor is he raising money via stock dilution. He has publicly stated he is raising money from outside investors.
Let's see if things turn around quickly after the audited financials are released. That may be the first phase of future catalysts of a turnaround here.
You mention the other SSM stocks that have failed. That is irrelevant with AVVH. SSM acquired multiple shells and sold them off to different people. What happened to the other companies has nothing to do with Sanchez or AVVH. AVVH is not affiliated with the other failed shells.
I know you will mention Cooley as a connection. Yes Cooley handled some of the shells that were sold to the other shady operators, but Cooley was just a broker. He had no involvement with the shady companies that bought those shells. He was just selling the shells to them. Cooley is a businessman and for him to stay with AVVH means there is money to be made here. They are working on the foundation and preparing for the future.
Let's see what happens in September with any follow-up to the audited financials.
I don't believe that was any retail order. Had to be market maker manipulation.
It happened exactly at 09:30 on opening bell.
It was a sell order lower than the lowest Bid at the time.
I would not consider 4 Billion common shares as low float.
This stock has no operations and a CEO that is drawing a $180k annual salary from a shell that is doing nothing.