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Today filed with FINRA!
That was the last that I saw as well. Hopefully they will give an update soon.
I agree, buy a ticker on deal stream and start a company.
7,500 is a large RS but it will create movement once it's done. A stock not trading at .0001 with 3.4B shares is much worse.
Obviously very few of the large shareholders take the time to post.
Yes an RS is a reset, one that everyone talked about for years.
Agreed.
I agree. Everyone wants the stock to move. If the RS happens, the stock will have a lot of play.
Good players will make a lot of $$$$$
No R/S will make current shareholders happy so that they can have the stock pumped so they can get out... as a few posters have stated. If no split now, it will only be a matter of time before someone else does it, or the stock will sit for months and months at 0 bid.
People wanting to grow their business or startup, by buying shells on dealstream for 60k-400K in hopes to use the markets to raise money.... having investors make loans to the company so that other investors can trade the stock.
I am not advocating a 7500 reverse, but it seems a reverse of some size would happen when any "real business" would come in. Or why would someone spend thousands on a shell?
I don't understand....someone please explain. I am not saying an R/S is good thing and I am not buying at this time, but....
If the R/S doesn't happen and the stock usually sits at trip 1 with 3.4B shares, as it has for years... and all of the shares are free trading, how does the company acquire any capital? The only way is to borrow money and pay back the loans with cash or stock. But if the A/S increases substantially and the price is trip 1 already, who will buy the additional stock??
Where did you get that data?
Good investigating reporting!
Alot of people suppsoedly posted his emails and they didn't sound like that post.
Yeah.... no bid
I more I read it, the dumber it sounds. Its BS.
Why would he leave Southern Contracting then change Baron's name to Southern? Southern was not reverse merged. Its a name change.
If there were deaths, and he was the contractor, the deaths would follow him to ANY company.... you can't hide by changing a name.
Doesn't sound the like CEO. A few ihub members posted supposed copies of emails received a few weeks ago..... very different than that post.
Just saying.
Did the CEO post something? Does anyone have a copy?
Do you have backup? There are many construction companies listed in Florida with the southern.....
According to the "experience tab" listed on the website, the CEO has been partnering/working with other companies.
Why would anyone want to jump back into a company with a bloated share structure?
Supposedly the CEO wants this to be a construction company for big projects. That will need real capital.
Can't happen on trips.
Thanks! Will stay on the sideline...
You bring up a great point. He had a no win situation. We will see how this plays out.
I am not saying that a R/S is great.
But, why would someone come in and pay $600K-$1M to existing shareholders? People that bought years ago. He could use that money and fund a private company.
According to the State filing June 12, 2017
But FINRA will have to approve.
That seems like an unpopular opinion on this board. Everyone wants the new CEO to be different than the old.... Everyone knew it was going to R/S since it was sitting dead at trip 1 forever.
New CEO comes in, tries to take a dead ticker and make something happen.
BUT the market wants him to pump the stock so they can make money first. How does that bring confidence into the company?
Just my opinion, as unpopular as it will be here.
It doesn't matter now.
Many have posted this was going to happen sooner or later
Someone suggested this ticket to me. Where do you see the bottom?
Are you still following $STRL? Anything news you may know on new deals?
He is detailed at posting every move.....
@southerncont is a step closer to its new ticker. State has finally posted the name change document image online http://tinyurl.com/kmnnal8
Exactly! So simple and so true.
That is true, unfortunately people think that only volatility = profits.
Thanks...I can't believe I missed that one....
http://www.nbcnews.com/business/travel/problems-mount-united-after-bride-groom-say-they-were-kicked-n747506
So what't your long-term view on this????
Just got on board!