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Honestly, it’s too hard to know what could happen here.
We know the float is tiny. A lot depends on who buys this thing and where they’re located. Here’s an exercise I did…
Go to the OTCM stock screener and sort for pink current, $2 minimum, 100 min volume, and country as any of the Asian countries surrounding Taiwan…lots of eye popping valuations, micro floats, and many giving dividends. Most seem to trade as ADR’s from foreign exchanges.
We essentially have everything in play from a dump and run in the states (similar to what the custodian crews of yesteryear did dumping shells for cheap) all the way to a way overvalued foreign company pushing 10B+ cap… I’m hoping they find a company over there wanting to trade in the US.
I keep going to back to the carried losses. That implies a profitable company to take advantage.
Yes! Agreed! This accumulation is good. Others are seeing there’s not many shares left. That was a good shake for somebody. I’d much rather get them out of the way when there is a little buying action than to have them sell this thing down hard on one sell.
There’s very few steps available for share buying. I’ve never seen a stock this dry before. Can’t wait to see what happens on the next peep. Still think we’re waiting a few months, but you never know.
It’s not helping that Edgemode jacked up FWA\/ as well, so I’m sure they’ve left a nice document mess to clean up.
Wasn’t there a link to a WY SOS listing as well?
Another $2 smack today. Entry now $2.45. Love it.
Somebody smacked NL$C from $1 to $2 this week on no news. Micro float sec reporting shell.
Another interesting shell….
NL$C just had a big buy and jump this week out of nowhere. It’s a shell with carried losses from a Taiwanese merger that fell through early in the year.
280k float. 14.4M restricted. Hard to get shares, solicited only like a number of ex EM tickers, but seems to have one heck of a setup. MC maybe a bit high for entry with no news, but explodes quickly.
Jumped hard and actually went no ask a few times during the last merger hype.
If y’all want another to look into and watch…NL$C just had a big buy and jump this week out of nowhere. Popped it from $1 to $2. It’s a shell with $49M carried losses from a Taiwanese/Chinese textile merger that fell through early in the year.
280k float. 14.4M restricted. Hard to get shares, solicited only like a number of ex EM tickers, but seems to have one heck of a setup for the right company. MC may be a bit high for entry with no news.
Jumped hard and actually went no ask a few times during the last merger hype.
I think this will be well worth the wait. Multipliers for micro floats, especially in Asian markets, are crazy high.
Here’s to dreaming about a green Christmas in 2023.
We all know it has potential with the right buyer. Shares just keep getting harder and harder to come by. So few unrestricted.
With a float this small and tightly locked, double digits could come swiftly and easily.
Let’s hope 2023 is the year a deal gets done!
Looking back:
“As of March 15, 2022, there were approximately 112 shareholders of record of our common stock.”
Interested to see what that number is now or in a few months. I bet 50% of the float is held by less than 10 people.
I would think any merger candidate would also need to be profitable or have a clear pathway to profitability to take advantage of the carried losses in a timely manner.
This could blink +$$$$ on any new significant ownership filing. Epic share lock.
Another big bite this morning.
Somebody nabbed a position today… interesting action. I don’t see any updates anywhere.
And at <$1M cap, even a bad merger company can make you money from there.
Maybe people clearing remnants out of their accounts for $0?
Sounds like a scheme to turn coins into casino chips. Like going to an arcade and buying tokens. I don’t know about you, but I don’t want the price of my casino chips fluctuating while I’m using them, especially there's a risk the value can go down. It sounds like this should be a use case for a stable/utility coin.
The way this reads to me... ELR/\ wants to sell coins as "chips" for gambling. They are licensing GMG!'s games to provide the service or entertainment. They have a 2 year agreement. GMG! owns the gaming software, ELR/\ appears to own the currency environment and the "coins/chips". Liability seems low at $100k.
Part of the problem is the history here isn’t stellar.
Likely a scare tactic. It takes more shares than that to move price.
This is a good lesson in why you NEVER place a market sell order at open. The MM's will execute it before the buy orders have a chance to populate, even the GTC ones. Therefor, you basically sell when there are no buy orders in that split fraction of a second window at open. shady
6mo to complete an offering? I’m not holding my breath for anything great. Something tells me we’re still waiting for a bit.
Just a continued waiting game. Maybe something after the holidays, but I honestly think it will be no earlier than Q2 next year. However, a good all around Q4 could excite the markets.
As always, could be very wrong.
I was reading some articles where companies (like Arm) are already stating delays into the second half of next year to buy time for repairing profit margins, leading to better valuations at time of offering. Everyone seems to want to be totally convinced the bottom isn’t going to fall out of the market again.
While nobody is actively buying this at $1, there are multiple buyers fighting over the high bid position. There are definitely buyers out there watching for developments and soaking up anything that shakes free.
Keeping it current. Still shopping for a buyer. More waiting for now. I don’t know the significance of transferring ownership to Delaware. I would have thought the tax advantages were just as good with Samoan ownership. Not my expertise though.
Market is beginning to turn. Maybe conditions will become more favorable for reverse mergers in the near future.
This is why I never place market orders before open. I’ve seen this way too often. The Mm executes the market sell order first thing before processing buy orders. Retail loses shares on the cheap because for a split second at open, “nobody was buying” because the orders weren’t processed yet. Shady as hell.
Remember this is unsolicited, one reason it’s so thin and has a big spread is because there are no proprietary MM orders. Everything is backed by retail and all the stupid things retail does with no buffer.
There is likely future value here but you have to wait for the market to shift and shell mergers to become popular again…
Looks like they need cash and a guaranteed buyer of stock…
I don’t think any of us are happy with the current state, but the reality is this is a shell shopping for a buyer in a tough market. We have a wait.
The day to day transactions don’t concern me and I am prepared to wait a while to watch this develop. I for one don’t expect any real increase until we get developments on a new incoming company. Until that time, some folks wanting to sell and chase other current runners is typical. I guess we have different expectations on timing and when to expect an ROI.
What kind of response are you looking for?
I think the significance is transferring ownership from Samoa to Delaware. Exactly why, I don’t know.
Ok. So I cross referenced the address and it’s a residence owned by the Payne’s, the guy that runs what is now Mars Global or PNC Max or whatever it was in WV that was tied to the tractor business Terramite that is all part of Orient Express.
9 Anchors Way per the filing.
https://www.ownerly.com/wv/winfield/anchors-way-home-details
https://www.linkedin.com/in/jeremy-payne-2104243a
BUT, this is a DE company now. DE I’ve heard is good for finance/holding companies. Let’s see what transpires. There’s definitely something going on.
Are we sure? Read the 13, it says a Delaware corp.
https://opencorporates.com/companies/us_de/6090913
Is this an interconnected holding company?
The bottom of the page you linked says 2000+ global investors. Interesting stuff.
$NLSC new Form 4 and 13. Sold to Unicorn Global Inc.
https://www.otcmarkets.com/filing/html?id=16083189&guid=mr--kF6afPifJth
New company is Unicorn Global Inc. interesting. Won’t have time to dig much until later.
Wow, so TPII made Frontier pay them for parts that are going to sit in inventory waiting on orders… this PR makes it sound like the light tower and genset is Frontier’s design, they just purchase the storage/battery replacement component from TPII. That means profits from genset /light towers likely all go to Frontier?…
“The agreement will see Frontier become the OEM and sales company for the first 50 portable lighting units and/or gen sets. In addition, the agreement binds TPII and Frontier to negotiate an ongoing distribution deal granting Frontier exclusive distribution rights in Canada.
Frontier Engages to Pre-Pay TPII for 100 Triad Pro Energy Storage Units
To complete assembly of the initial 50 portable light towers/gen sets, Frontier has paid TPII for the delivery of the first 100 energy storage units. With four 1.38kW energy storage cells per light tower/gen set, the prepayment will cover the cost of the first 100 Triad energy cells to be utilized in the 1st 25 light towers/gen sets.”
https://www.nasdaq.com/press-release/triad-pro-innovators-enters-into-a-sales-mou-to-provide-frontier-power-products-200
A little nibble to push us up and bring the asks into a range where you don’t need to call.
Sad days for those without shares watching this ticker moving closer and closer to Pink Current. Just a matter of time now.
Never sell them all, you never know what can happen.
As much as I’d like to believe they truly sold 100 units indicating some demand, the statement about the so called “purchase” clearly avoids directly calling it a sale or purchase. Very suspect imo.
Why can’t you just say we sold 100 units to our future OEM?
“To complete assembly of the initial 50 portable light towers/gen sets, Frontier has paid TPII for the delivery of the first 100 energy storage units. “
https://www.nasdaq.com/press-release/triad-pro-innovators-enters-into-a-sales-mou-to-provide-frontier-power-products-200
“A seed round of funding is underway with a target raise of £2,000,000 which is being deployed into i. Public listing of NFTM stock £500,000 ii. Beta stage platform development £750,000 iii. Marketing to align with significant hospitality brands £250,000 iv. NFTM token launch £250,000 v. PR marketing post list £250,000.
Target date for raise June 2022 Target date for Public list Q3 2022
Target date for Beta launch Oct 2022
Target market cap on list $100m”
NITE 100@3.95
GTSM 100@3.95
CSTI 100@11