Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed, I am definitely long here. Market cap here at .16 is under $7.5mil. They have $39mil in NOLs alone, plus all the projects they have in the works. This is extremely undervalued IMO
A/S is actually 300 mil now as per filing. OTC markets appears to be wrong
Looks that way by the volume the last couple weeks
A recent one that just happened last month was the LCTZ -> DEVM merger. Went from under a penny to .27 on NVSOS Officer update. That was also a custodianship play just like this one. The merged company turned out to be pretty good so it went to $10mil market cap. A good one to study if you wanna know more about this process
Exactly. I have been in quite a few of these custodianship plays and typically they go to $2mil - $3mil market cap on the low end once merger happens. At .02 we are currently sitting around $350k, so I am expecting quite a nice ride up from here. I am very grateful to be holding these shares and continue to load as we get closer to merger. There should be a nice spike once it gets reinstated on NVSOS which is the next step, should be happening in the near future
The old company is no longer in control of this, it is now an empty shell company with brand new people in charge. People who’s sole purpose is to clean up and sell shells to private companies looking to go public. Starstream abandoned this in 2014, and they are now long gone, they have nothing to do with this company any longer. Here is the link to the Clark County Courts so you can see what is happening here:
https://www.clarkcountycourts.us/Portal/Home/WorkspaceMode?p=0
LOL this is a custodianship play. Which means old company is no longer in control. As of 3/7/19 Rhonda Keaveney is in control. She will now reinstate with the state of Nevada, and Robert Chin will become the sole officer of the company. When that happens there will likely be a spike in the pps. Then they will find a new company to reverse merge in to this empty shell. Your welcome ;)
They’re long gone, this company is going to be reinstated and sold to a completely different company, most likely in an entirely different industry. Name and ticker symbol will change once that happens
Or maybe he won’t sell at all! Maybe he will hold long term, maybe in 10 years Delfin will declare a dividend of .40 per quarter, that’s what Golar midstream has currently. Who knows? Certainly no one on this board lol. All I know is I’m holding and loading as long as Delfin and Egan hold their 76%
What makes you think this has anything to do with lean water?
No, I doubt this will ever see $20. More like $5 - $7, that would put this around the same market cap TELL went to on its initial spike
The point is if he wanted to sell he very easily could have unloaded his entire stash over the last year and got a LOT more than .04. He could have sold them all in the .20’s if he wanted to. BUT he still holds and hasn’t sold 1 share. There is a reason for that
It’s ok, this shell only had $147K in debt when it went dark. Super clean, someone will want this one for sure. Definitely worth more than $600k that it sits at currently
Order granted!
At this point I think it is not likely that the old management comes back. When letters go out to old officers they usually have 10 days to file with the state and schedule a shareholder meeting. There is still a possibility of not being granted if not all officers were properly notified tho, as in the case of TBSS
Sooo why wouldn’t he just sell this week around .04 and come out with $880k?!
Your scenario still makes no sense
XHUA market cap $750k. GRNL also Chiang, hearing same day, market cap $166k. More than 4x cheaper!
Or he could just sell now at .04 for $880k. But why would he wanna do that when he can have $250k after the big RS! Much more exciting to wait for that and lose $600k, right?
You just can’t make this stuff up LMFAO
Let’s see, 22,000,000 x .30 = 6,600,000.
If all Egan wanted for the shell was $250k, don’t you think he would have been happier than a pig in sh!t to sell out on the run up into the .30’s for $6.6 million?
Ohh yea I forgot, he isn’t that smart. That’s why he is still holding all of his shares for the reverse split so he can get diluted out and walk away with his $250k. Makes total sense!
Same, I actually like the share price down here. It allowed me to accumulate more shares than I ever thought I would have
Great minds think alike Dave ;)
Egan still holding his 4.99% as of Dec 31st. But according to some ppl here his shares will get drowned out due to a massive RS, what an idiot he must be LoL
Agreed, nothing is certain that’s for sure!
Actually according to my post on that board it looks like it was the 15th. The court website is showing the 20th for some reason. But still....
Check out Starstream for example. The court date was held on March 7th, and the order wasn’t updated until March 20th. That was one of the longer ones, usually it updated in a few days if not the day of the hearing. Nothing to worry about hear IMO
This is very common, it often takes a few days for the courts to update
That’s ok, let the week hands go. Solid investors will see the value in this eventually
No way I want to load more shares first!
It means they can use the old losses as write offs for future revenues. Will save them millions of dollars in taxes over the next 10-15 years. This is huge considering the current market cap of the entire company is under $5 million
At December 31, 2018, the Company had net operating loss carry forwards for federal tax purposes of approximately $39 million which expires in years 2030 through 2038!
HUGE!!!!
Yea very disappointing. So much potential in the sector from the high barrier to entry. They could have easily cornered the testing market with the right management, but instead they do dumb sh!t like this
EVIO on the verge of losing the Portland lab
https://www.otcmarkets.com/filing/html?id=13325378&guid=w5u3Uamb8r77jth
Don’t forget MSHFQ, hearing tomorrow!
No, it says “Failure to properly serve notice”
My guess is he didn’t notify everyone he needed to. He may or may not take another stab at it
A chart holds no weight when there are fundamentals like this
Ok fair enough, I misunderstood. The writing is on the wall IMO
Why would they even bother filing that 8k if they weren’t planning on being an SEC reporting company?
They are brand new to being a public company. If they weren’t planning on being an sec filer why wouldn’t they just file with OTC markets?
That 8k they filed with the SEC on Feb 11th says otherwise
https://www.otcmarkets.com/filing/html?id=13210638&guid=2EA3UWYqxfQgq3h
MSHFQ $270k market cap, custodianship hearing Thursday
$MSHFQ Lazar hearing on Thursday, some volume flowing in today. Around $200k market cap!