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nice to see this stock bounce back up a bit, but wow 40k volume by 12pm. Talk about lack of interest atm
The only thing one ever has online is their word. So why soil it.
everything is OK, just have to put my hobby (trading the otc) on hold till i get per say gambling money. Life throws curve balls and sometimes you need to refill your emergency account.
I haven't been watching the level 2 or anything since i have no need to. So your guess is probably better then mine in that aspect.
Just checked in to see a PR and a -21%. Ho kept his word in his email to me, released a follow up Q&A. I guess Ho is just moving to slow for a penny stock.
IF all is legit here this will eventually stabilize at much higher levels. So the play is wait till the dust settles or leave.
At this point you either believe Ho and the companies path or you don't. if you do that means you should just stick it out and your targets prices will be met if you are correct.
But if you don't believe his path and think its a stinky pinky then get out, cause there isn't any fluff coming out and catalysts for large runs could be a good bit off.
Personally i see a real company in the otc (despite not currently holding a position), no one holds otc stocks for a long time, and barely anyone buys otc stocks after they just ran up and are falling. So that puts you in a situation where people want their money back to chase other plays but no one want in atm. Basic supply and demand leads to a decreasing price despite any valuation.
They were never together at that point. Bland hired how to do some advertising, extremely common thing even outside of pinks. The only nee fact is that bland knew Ho a long time ago. In his interview Ho stated he first found out about sixty six oilfield when he was hired for advertising. While that falls into line with what that PR states I always thought he did advesting for ssof, not a previous failure. At least that's the way he made it seem like.
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/award-winning-marketing-firm-york-130000720.html
Unfortunately due to circumstances my money has turned into something I can not afford to lose, so looks like I'm staying off the otc till life clears up. All is well but I figured I would share some DD.
Ho knew bland back in 2016, I'm sure warmachine is going to have a field day with this. But if he spends so much time doing DD and knows the history how does he not know this lol
Sorry guys, a personal emergency came up and I had to liquidate some money. That 2mil dump was me.
wish you all the best and still think this stock has quite a large amount of potential, its definitely a winner!
That was one of the topic I brought up, so he is aware that some people want clarification on that.
as a side note, no more posts today, see you guys tomorrow!
New Email in:
Hi Paul,
I've been collecting questions from shareholders and will follow up with another Q&A session as the next press release.
Regards,
Dave
Summary of my email:
I asked him if this (the PR today) was the only update he was planning on in the short term, along with a few comments and stuff. No timeline but in context it could be inferred that this was included in the updates he mentioned last email. (same email chain)
we are at +40% that seems to be the most this stock likes to move in a day, just like it doesn't go down below -30%. the low volume is most likely cause it only took a few million to get to 40% and its been churning here which again is normal.
Yield has already been removed, now pink current!!! feels good
https://www.otcmarkets.com/stock/SSOF/quote
i can not tell the future, i can only state that this is the email i received:
You're beating me to the punch as a number of updates will be coming this week!
this is all the information i have with respects to news to go off of. So you best guess is as good as mine.
why do an audit before you handle all your accounting and debt. a debt free audit is much bigger news then one with debt. And honestly the court judgement is enough for me to prove they are capable of doing that type of businesses and the numbers they claim.
i was told a number of updates would be coming this week, whether they were all addressed in the last PR I do not know. But it could be possible that we get another PR or so this week, wouldn't be the first time he announced news in rapid succession, See march.
it will everything is in place it usually take a day or so to be removed. they have to review the files
both near 2 cent prints were opening bell manipulation, we really only were testing around .0185
for the first day in a while im excited to see the action today. been dreading it recently as we have been in a slump, but i think after that PR and report we are well on our way out!
After conversions of debt made and to be made subsequent to March 31, 2018 by agreement with the loan holder, the Company will have 600,000,000 shares issued and outstanding and no convertible loans or accrued interest outstanding. A former affiliate of the Company has acquired the notes from the lender.
They have not converted yet, but when they convert at the end of the month they will only be increasing the OS by about 90mil. nothing for the otc tbh
7.6mil in assests, zero debt and on track for 2mil profit this year. This isn't even including any mergers!
Ho said updates plural in his email to me. Was that PR multiple updates or is there more to come this week, who knows, but he came through and boy am i happy about that.
Dave T. Ho, the Company’s director and president, owns 3,000,000s hares of Series A -1 Preferred Stock representing 80% of the total voting power and equity of the Company.
Bland is officially gone
well, unlike Paul, Jason is my real name, and i hope im a man... who knows in this day and age though. haha
I'm hoping the Ho keeps his word in the email I received. We could really use it, it seems his manner has changed in his email and everything points to hiccups causing delays. But this is the OTC,so who knows.
lol I got that email. I don't like to send many emails from the same address if I don't get a reply. So I wait a week or two and use an ails. Then I posted it to imgur since well I have no clue how to work ihub.
honestly never tried but i would image it would be very very easy to fake a screen shot. you could either just switch the addresses its from or possibly set up a fake email that comes in under his name. Just cause someone posts a screen shot doesn't mean its legit. All it takes is paint to fake one
imagine what an actual announcement from Dave would do, instead of some sketch bag on the internet who is probably spewing lies. (im not but thats what i look at everyone on the internet as when it comes to investment decisions.)
his wording is a number of updates.... but honestly wouldnt be the first time things fell through. but the email wording was quite different.
Previous emails:
Hi Jason,
We are planning a release this week. Our big announcements around quarterly financials are always impacted by April tax time. This has caused us to get our next big announcement to be unfortunately delayed but we're on track to release a new announcement this week. Thank you for your continued support!
Dave
New Email:
You're beating me to the punch as a number of updates will be coming this week!
Thanks,
Dave
Alot more upbeat and different verbage, instead of planning its will. also kinda sounds that its been a rough few weeks and he is happy to be able to put the news out. Im probably reading to much into it
ya, both sent and received today, but take it with a grain of salt. its honestly the third time he has told me updates are coming this or next week and hasn't pulled through.
Email from Dave
Do with information as you wish, not the first time he has said this:
https://imgur.com/a/JBuD0fF
as a side note i sometimes use two email addresses if i don't get a response from one after a week or two, since i font like to spam alot of emails from one address.
text version:
You're beating me to the punch as a number of updates will be coming this week!
Thanks,
Dave
--------------------------------------------------------------
Ho,
Sorry to bother you but you have promised (in your interview) that you would be more transparent with shareholders and answer there questions in a public manner. It has been over a month since we have heard from you, and much longer since you answered any questions.
Is everything going ok over there? your making a lot of shareholders worry about this company becoming a scam.
Has the merge of 5 star rig and supply come into effect?, since when i contacted them they told me they knew nothing about it.
Why haven't you filed an attorney letter for your 2017 year end report? that was due a few weeks ago.
Why isn't you Q1 report filed on the OTC as well? that was also due almost a week ago.
There are many more questions alot of people have, but most come down to why you have gone dark the past month, it doesn't reflect well at all to a company that claims to want to become more transparent to their shareholders.
Best:
Paul Henry
i could care less about the news at this point. i just want them to do their job and get there fillings done....
company has almost 10mil in assets not considering 5 star... we are valued at under 5mil right now....makes no sense
keep in mind 3mil of those are court verified, that's more trustworthy then an audit.
Long story short, we have a 3mil+ dollar lien on an oil rig located in a Houston port. They will be forced to sell the rig and pay SSOF owed money.
Good news guys!!!!
http://search.txcourts.gov/Case.aspx?cn=01-16-00192-CV&coa=coa01
Judgment against EAD will be issued and enforced June 8th!!
no more appealing no more court cases.
well with no volume or buying CANT is going to have free reign over this stock it looks like.......
there are other ways to issue a PR other then the OTC, you don't even need to file every PR with the OTC. in addition there was a rule passed a few years ago that make it so you can release PR and announcements via social media. While i understand he may want to release any important PR via the OTC he could at least release that he is having difficulties with the OTC via a social media account or something.
man what happened to all that buying we saw on Friday.
try the whole day
really a .0098 close..... sigh such games....wtf
im so confused wtf CANT is doing today
i think we broke CANT's algorithm