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That doesn't always work. There has been a fake panic going on all day, but it never made a real one...
Over 200 million shares traded in less than an hour and a half. Hmm...
Thanks for keeping an eye on this.
Good to see the share reduction beginning. I wish I could have added more.
If it is Cooley and his friends dumping, and that seems reasonable to me, then I would expect it to be both games and dumping. Of all the SSM Monopoly plays this is the only play that we know for sure actually has a real company merging into it.
So if we assume, that Cooley and his friends preloaded it and dumped in the run up to 10 cents, it doesn't change the fundamentals of the deal going forward. We should be a few days away from that being confirmed by seeing the share reduction occur, it would made sense that they would do everything in their power to use whatever shares they had left to push the price down as low as possible right now, so they can reload at a lower price point, while costly bashing the stock on Twitter and information boards etc. Sort of like what has been happening for the last few weeks...
If it was dilution it would have blown through the bid at .026 an hour ago, it looks more like games to me...
600 K here.
I think that we will be fine even in the near term, but I also think Allpennystocks.com probably has dumped all it's shares already, one way or another. There is always a loophole to any financial regulation, (these regulations are designed that way) so I will share what I found.
The Canadian CTO can be escaped a few different ways, but the simplest way would be to make an off market trade to someone outside of Canada. Here's what the IIROC Canadian to says on it's website:
¡Irse! Racist nonsense...
After two days? It's going to take more than two days to get to a real valuation here.
Exactly, the OS was reduced by 944 million shares and it cost shareholders nothing.
I am not so sure that Small Cap Development Company has any of the shares of AVVH at this point, it seems more likely to me that they were able to present evidence that they do not have any shares and that would be a good reason for their shares to be removed from the count of shares being retired. I think that they sold their holding here back in 2016, when they were acquired by Sunshine Capital Inc. a company ran by a CEO who probably found a way to dump them back in 2017. I have linked an old press release below that explains how Small Cap Development was acquired. The most interesting part is were the PR explained:
We don't have to fix stupid it has been fixing itself for a few weeks now...
Thanks, but can you please sticky the post linked below instead?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164642219
In my stickied post I called Fertitta the owner of the Denver Nuggets, when he is really the owner of the Houston Rockets. Another poster pointed out my mistake, so I corrected that error in the second post, which the one that I'm asking you to sticky now. Thanks.
I think that his association with Dhanani is more impressive that his dinner with a famous NBA team owner, since a lot of people would like to be associated with Ferttita in hopes that some of his celebrity would rub off, but Dhanani is someone most people have never even heard of before. Like Miguel Sanchez, Shoukat Dhalani is a successful son of recent immigrants too, and according to the article he shuns the limelight, is a serious simply quietly building a business that make 2 billion dollars a year. The article states:
Most of the market think that this company is just another custodial play and are trading the momentum and the chart, so they ignore the fundamentals. Such as:
1. The OS will be reduced by 1 billion shares in two weeks.
2. Golden Quest Capital isn't like most OTC tickers out there are dependent on toxic lenders to survive, while the company merging here is a lender, lending $500 million dollars a year:
Ha! You are correct Sir. Of course with the Rockets record he probably wishes that he was the owner of the Nuggets, or any team that could win more than 17 games in a season.
Most of the market see's this company as just a custodial play and are trading the momentum and the chart, so the ignore they fundamentals. Such as:
1. The OS will be reduced by 1 billion shares in two weeks.
2. Golden Quest Capital isn't like most OTC tickers out there are dependent on toxic lenders to survive, while the company merging here is a lender, lending $500 million dollars a year:
Great post!
Just a few retail traders dumping on low volume...
Gold Quest Group being interviewed by a Mexican news service:
This has been my take too, I don't see how yesterday's PR was horrible. It seemed to just state facts in a clear factual manner, giving us a brief overview of the business that will be merging into this shell, . Some posters created the expectation that the deal with Gold Quest was all or nothing, so in their minds the unless we got every single part of the existing LLC then we had nothing, which doesn't make sense at all.
To me it seems like yesterday a pumper group sold, by simply getting on the ask and riding the price down until while dumping their shares into the bid, over and over again until most of their shares were gone. That initial orchestrated sell off, combined with some posters trying to create the impression that somehow the company had been dishonest, spooked the rest of the market, causing many traders to dump into the bid causing a second sell off. With all this selling some large entity has been buying millions of shares in our current price range and the MMs have been helping that entity load up since yesterday afternoon. This is just what I see all IMHO.
Why should they? They have already told investors the basics of what it is that they intend to do, and we all know they have a hearing set for three weeks from today that will cut the OS by a billion shares, so it's not like they have much more to say right now. My thinking is that the company isn't trying to get rid of any of the current investors, but that it isn't bending over backwards to retain flaky get rich quick traders, because it is building a real company that will have plenty of legitimate PRs in the coming months, not a pump and dump hyped by fluff PRs. Also it seems that the early speculators who made their money and want out are being replaced by deep pocketed investors that are able to buy millions of shares at $0.05+, along with savvy traders who are here to realize the company's true value.
If we think about what this downturn from a pragmatic standpoint, it's not great for existing holders to lose present value, but so far it is a less than two day hiccup, in which 25% of the available float has turned over in the last two days. This should help stabilize the trading going forward because soon most of the traders in at lower levels who would don't understand the potential here, and have millions of shares just because they were fortunate to buy early and want to cash out as quick as possible will be gone, those who are up a lot and are taking profit will have done that as well making this the new floor. That's not a bad thing, IMHO, especially when you look at what the company is working right now to do.
I think that you are misunderstanding my last post, I never said that it wasn't. I simply pointed out that the claims that either Kris Management or Gold Quest lied to investors are false. Surely you aren't disagreeing with that?
Shareholders lied to each other, and are still lying to each other, which is allowing those in the know to take their shares cheap right now. The company made it's first PR yesterday and Krisa Management clearly warned shareholders not to listen to unfounded speculation circulating on the internet, when it stated:
For all of our tickers, please rely solely on information that comes directly from us or the incoming companies. There are lots of rumors swirling around. Please disregard any unsubstantiated information any other source.$AVVH $FBCD $IFAN $GYGC $IFXY
— Krisa Management LLC (@KrisaManagement) June 17, 2021
I think that Gold Quest Capital will likely be a vehicle that the company uses to profit off the relationships that Miguel Sanchez has made with all his billionaire friends, and associates over the decades. Here's an example of another company that does just the lending side of the business:
The same way any bank would make funding funding loans make money, by selling debt to investors. From the PR:
In 3 weeks, July 15th.
As sad as it is the fact that some people are selling on this news shows why some people will always be poor. That said we will be green within an hour...
When was the pump?
You must know that if Darcy missed a even single payment the bank would have the right to reject all future payments, and that would allow interest to accrue from that point forward. So without knowing the details of the loan (which had a 12% interest rate at a time of record low interest rates) one can not claim that the bank was willing to workwith him, or that he wasn't trying to pay the loans. Also as I stated earlier the various state and federal programs related to mortgage, and rent payment forbearance created due to the coronavirus pandemic were geared toward renters and residential clients, not commercial mortgage borrowers. Thee reliable sources I have read seem to argue against the idea that banks are working with their commercial clients in Louisiana. Here' what one says, and I quote:
My past post was partially incorrect, I foolishly only looked up the loan that mentioned in the posts of another highly motivated poster, which mentioned the November 2015 note.
So after I saw your post I looked at filings that referenced March 2019, and I found out that there was an additional loan taken out in the amount of $180,000 mentioned in past filings in this way:
Yes you did, good DD. I'll give you a follow.
I hope so, this would be perfect timing for good news... When know expects it.
Glad I could help!
I answered your question, the home was placed as collateral for a loan back in 2015, as you can see in the most recent 10K:
I will answer your questions: