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Hopefully Ben can find a good RM candidate, but not the optimal market. Given the tightness in the credit markets and no appetites' for IPO's now, These should be the best most effective way to go public if that's a companies desire. Given the share structure and clean shell, this shell should attract an above average company. But all a guess now. Ben seems to be the only one doing anything at the moment
Outside of Ben/Synergy, who is actively doing custodianships/shells that's good.
Even at .04, MC is still under 1 mill with a 24.5 mil OS. Floats even less at 22 mil. if you have 1.2 mil shares you own 5% of the float.
Someone been flashing 300,000 shares recently on the ask. Those will get hit quickly
ECPL received court approval to cancel the 4 bill shares. Ben from synergy is submitting to transfer agent to cancel shares. OS will be 24 mil.
AESO has requested Shell badge removal. They are now a revenue producing company with the exclusive rights for sales and marketing MS Discoveries and multiple medical wellness facilities in Ohio.
More like we have a company that has revenue with a shell badge, soon to be removed
WOW! Thanks for the post/update. So already generating revenue!!. That's huge. In the medical arena as I expected.
I think this is just the tip of the iceberg. Ben mentioned acquisitions, so more to come I'm sure.
Looks like court order came through approved the cancelation of 4 bil shares. This will have a 24 mill OS now.
That's a good find. That's plausible. I would expect Ben to at least tweet an update on this. His last tweet was Feb 2 which stated waiting for funding. Must have gotten it because filing says Feb 18th they signed the deal. What deal? stay tuned. I'm sure we will see an acquisition as well.
Claude is from the health and Biomedical industries so its possible its a company developing product for the MS world, IMO.
What and who is MS Discoveries. Last line in the Annual report. AESO has exclusive sale and marketing rights
Yes not great but might be time to put in a few stink bids in case someone wants to unload on a market sell.
New date posted. Now March 5th. Maybe we could get Draft Kings to post some odds so we can bet on it. 5-1 they don't launch on that date? or is it closer to 2-1? If they have to mint the 8th I think the odds are getting better they hit it. IMO.
That had to have been a market sell. They were showing the 350,000 last week at .02. I took 50 from them. then he came back today and showed it on the ask and then must have been impatient and dumped it. WOW
My thought is the private placement is with preferred but not sure. I don't see how they can do it with common. If so, then I doubt a RS will happen. To be honest not sure of the machination of these private stock sales work in this environment. I assume they are already did some placements so a RS now would only hurt them. So that's why I think they will leave the OS as is and issue preferred to the restricted buyers. IMO. who knows. Just get the platform launched.!!
I did reach out to Ben. he usually responds so lets see. If I hear anything all post it.
I don't think they were ever canceled. More than likely they were never located. The DTC shows only 73 mil in the float, so the 87 mil were never registered to trade. They have either died on the vine and never addressed by Ben during his custodianship. He's usually pretty good in canceling shares if he can.
I agree as a whole the OTC is dead especially the bloated pump n dump companies and shells. However, low float shells that are clean currently have real value and are attracting real companies. Given the current dormant IPO market and credit market freeze, companies are looking for good clean shells to go public in. Case n point LPHM$. Im not in it but looks solid. makes AESO$ and others look strong.
Also look at LPHM$. That was a Ben/Synergy shell. Tooks some time but looks to be going paper.
Synergy is still custodian. No formal change has been submitted to the Colorado SOS. The new director is now part of the BOD. I believe he is bringing in the RM company, more than likely in Health or bio, which is his industry for 30 + years. I think ben needs some help on finding buyers for his shells and he found a great connection. This shell is also audited so uber clean.
Yeah I think bid sitting will be tough for a little bit. need to grab them when you see them
Yes clean shell. How times have changed. two years ago this would be at .10 waiting for a RM.
Yeah I think people are getting ready and sizing positions . Its close IMO. The SS is to good, audited. Should see something come in here that's decent. Could take some time but if you can wait I think it should work well. Given the new BOD im guessing this will be a bio or healthcare type merger.
Agreed. What I'm trying to understand is what Ben meant about getting financing. Who's chasing financing?
Well if they are to hit there minting on March 8th you would think they need to be up and running a couple of weeks prior.
OK that would make sense.
Seems like dilution to me. don't think many retail have millions of shares to sell. In this case its not bad long term , since they seem to use to invest in the company, but short term is crushing the SP.
Yes looks like he was added as a board of Director this week. Things must be getting close
Is this being diluted? With all the supposed great things coming, why are so many shares being sold?
For all of the delays, seems to be holding up well. Better than I would have thought. Good sign I think.
AESO and ECPL.
AESO has an excellent share structure, audited and clean balance sheet, ie no debt. It will take some time but Ben just appt a Director to help sell the Shell or RM. He's from the health and medical arena. Ben is looking for revenue producing companies for this shell so I expect something good for AESO
ECPL , once they get the shares canceled (4B), the SS is 24 mil OS. No debt. This creates an awesome SS. Should attract opportunities. It not a custodian . Ben took this over from a family trust. They already agreed to cancel the shares so that's why I think the court will approve.
I have BABl as well. Been in that a long time . Made good money, still holding some for a pop. bought a little BDCM but will buy more only on a pull back.
I've been around prior to the RM. I kept a small portion of shares from the RS. Now that I see some activity, time to grab some shares and average down. Nothing big but enough to recoup any losses if it runs. small risk high reward
I bought 10,000 shares yesterday just for shits and giggles. Hell it actually helped my average. But what was interesting , someone, assuming an MM, knocked it down on the bid with 100 shares. Why would they do that or any shareholder? Trying to keep it off of scanners?
Assuming they cancel the shares and we have a 24 mil OS. The current MC is 500,000. I would expect the price to double from here just on the cancelation, to 1 mil MC minimum. But yes it will be some time before any RM, but who knows. IMO
.02 is a good buy . anything under .03 is a good buy. Ben has brought on a director from the medical and bio industry to close a deal. I'm expecting a nice RM here , IMO.
I agree some people misinterpret the rule on two fronts, timing and trading. The timing rule applies to shells that are not current. If they aren't current they go to EM after the 18months. However, as long as the shell is kept current , they can continue to trade on the OTC but they will not be eligible for solicited quotes. Only unsolicited. So even beyond the 18 months, they will still trade as long as they are current.
At least that's the way I understand the rule.
Read Bens tweet from last week. They have signed docs from the trust approving the cancelation. The TA is not going to do it unless the court signs off. Ben has his lawyer preparing to submit a motion for cancelation. Slow process but in the works. Should be approved.
Exactly. A good joke has to have an element of truth to it!
Yes kidding. I figured we needed a little levity during this grind