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There’s actually around 100 mil shares out according to the last 10Q they filed in 2013
https://www.otcmarkets.com/filing/html?id=9210484&guid=iuI3UK29eJ9cm3h
I guess that is possible. Idk if I like the sound of another 1.8 billion shares added to the O/S tho. This market cap would be through the roof if they issue them all. Idk if I like the sound of what’s happening here, seems kind of shady to me to be issuing that many new shares after you just said you were going to repurchase shares in the open market.
This new offering allows them to sell an additional 1.8 billion shares!
It appears that way, but what I don’t understand is why would they issue these shares? They said they were using half the proceeds from the lawsuit to repurchase shares, so why issue new shares? Why not just use those funds for operating activities? Sounds a bit backwards to me
New 1-a registration. Offering price .0075 per share!
Well if anything maybe it’ll boost your BOB score and help you all out, I’ll leave y’all to it now ;)
Exactly my point! OWVI currently sits at $1.12 million haha
If you read the filings you would know that ;)
Haha ok, see you back around a million market cap ;) I’ll mark this one for when we get there
You’re right, the market caps down here in pinky land sometimes do get way overvalued. But you’ll also notice they almost always go back to true value eventually. Some call it a pump n dump, some see it as irrationality in the markets. When people don’t know how to properly value a company they buy high and get burned, which is how those who do know how to value a company get rich
Haha turns out you got me there, I actually never did post here. Must have just been trading silently on this one, apologies for that one
Go back and check the tape, I was here with an average of .0009 and never missed the run ;) I just knew when to get out
The float has nothing to do with the market cap, just because the shares in the control block can’t be traded yet doesn’t mean they don’t exist. They are still representing a piece of the company, and in the event of a liquidation or sale of the business they would still get paid their portion of the proceeds. That means your shares are worth less with more shares in existence.
Now that the share structure is updated it will likely tank anyway. Fair value of an empty shell is around $1 million market cap, not $4 million. There are plenty of other shells like this sitting well below $1 million. And it is highly unlikely there will be any merger announcement until after the discharge, sometimes months to years after
That’s not what it means at all, market cap simply is 4.4 million because there are 1.8 billion shares out and were trading in the .002’s. Which is kind of high for an empty shell IMO. The merging company could have zero in assets and be a startup, or they could be an established company with $50 million in assets. Nobody knows, and definitely has nothing to do with the market cap
Haha! Awesome
Up 126% on 10,500 shares traded?!
Shows how thin this is
PVDG nice reversal off 52 week low. Some dilution, but current market cap below $200K so lot of room for it. New CEO has had previous big shot positions at Wachovia. VNDM loading all day, big slaps coming in now
More people starting to catch on to what’s happening behind the scenes. This should easily see .10+ before any merger happens
It’s not really down in the grand scheme of things. Last week this was sitting around a penny. Now it’s in the .02 range. After a couple hundred percent day like Friday there is bound to be some profit taking. But overall this is still up pretty good from where it’s been, and the next piece of the puzzle will make it skyrocket again. Judging by Lazar’s other plays it won’t be long
Keep watching, you’ll see soon enough
Hahaha David Lazar is surely a scam artist. LMFAO
I love when ppl come in trying to act like they have any idea what is happening, then cry when they miss the ride
Welp, if a successful merger happens and this does hit $10 mil they’ll be worth over $60k! That’s life changing for many people here I would imagine. I rode one of these up to that level about a month ago and this shell looks even better so it’s not out of the question
Yea that would be a great play, just be careful not to get burned. If the price continues higher you could lose your shares. With a tiny float like this it’s hard to gauge when it will turn around, these plays move fast both ways
Crazy we went all the way to .04 and back down with just 1.6 million shares traded. When filings hit and real volume comes flowing in imagine where the price will go. The float just got a whole lot smaller today too with all those shares bought in the .02’s and .03’s. Today was a good start to a great future
That’s a good buy, I think the big boom will be when the Q drops
I don’t like to put out expectations on time frames, it all depends. If this were to get a solid merger candidate in the future it could easily see $10mil + market cap, which would be .40. That could take a long time tho. Patience pays off in the end with these type of plays
At .04 this is only $1 million market cap. Another one of these custodianship plays went over $10 million last month. This has a long way to run over the next few months
Custodianship granted 2 days ago to David Lazar. He already reinstated it with Nevada today. Next he will bring it up to date on filings and get the Q dropped. Then a new private company will move in via reverse merger. This is just the beginning!
This is just the beginning, wait until that Q comes off and watch how high she flies!
Absolutely! At .04 this is only at a million market cap, still super cheap!
His other Q reinstated already, hopefully this won’t be far behind!
Agreed. This is only the beginning, very undervalued at the current market cap
Sure did! Still only $500k at .02, this has a long way to run!
XNNHQ going on reinstatement, still only $500k at .02. Custodianship just granted 2 days ago, moving very fast here!
Yupp, bid is building up nicely. Just a matter of time before people catch on here!
Pretty insane that people hold all this time and decide to dump on positive news SMH
Let the ask slapping begin!
This is true, he needs to start filling them to keep public interest. But from these current market caps in the low hundred thousands, 1 or 2 mergers a year could earn you a nice living if you play your cards right. Might take some time but I think the risk/reward here is incredibly great
Great news, let the ask slapping begin!