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Not yet but this is like sitting in a room full of gunpowder. The tiniest spark could send us to “no ask” again.
This is the only sec reporting or Pink Current ticker I have ever seen go “no ask” during a trading day. Ever.
“Pay me in shares”
Maybe not today, maybe not tomorrow, but I really believe it is only a matter of time before something big drops in here.
The L2 right now shows exactly how this can explode. Ask 3.95, then 10. The float lock here is of epic proportions. There are literally only crumbs for sale.
I didn’t notice that. Good catch. At least Hsu is keeping up with duties and staying current. It’s not insignificant he still lists an accountant imo.
There must be a number of algorithms working here. Unsolicited - all orders have to be backed by a retail order. No MM only orders. Yet every time a trade goes through, the L2 rearranges significantly almost instantly.
https://www.reuters.com/markets/us-beijing-near-deal-let-us-inspect-chinese-company-records-hong-kong-wsj-2022-08-25/
This is good for us. Keeps the market open to Chinese companies if they figure something out.
They have business in China. If there was a possibility that they could never get it audited by US auditors, I could see that giving them pause.
In other news, the FWAV spinoff doesn’t appear to have completed that offering yet. Guess people aren’t buying those $1 shares. Have to hope the legacy business was actually worth something. Best hope is they get some of that Green New D….errr…Inflation Reduction money.
Remember the guy claiming this was an old run down property with a bunch of shady folks trying to grow mushrooms…way prior to announcement…and everyone was like “what?, never, billion dollar auto all the way.”
damn, who was the smart one in the group?
This is already a micro float and I bet this board owns 50% of it. Rarely do you get that kind of lock.
https://www.reuters.com/markets/europe/chinese-nyse-delistings-could-pave-way-audit-deal-with-us-analysts-say-2022-08-15/
I wonder if this had an impact at all…
I believe it’s been listed like that for a few months at least. I noticed because it said “Group” CFO. I thought specifying “group” as in multiple companies was notable.
I peck at it every now and then too. We’ll get our day eventually. Have to check in every now and then. Unfortunately, nothing new to talk about. Mergers in the market continue to underperform.
No SSM wouldn’t have given up. Just makes the search harder. You don’t let a shell with a value of several hundred thousand go to waste. SSM has sunk cost they need to recoup as well. The carried losses add a lot of value for the right company.
The high shell valuations of yesteryear are a thing of the past. Krisa really hurt SSM’s credibility. Now, the shell market is saturated with folks trying to make mergers happen and sentiment isn’t favorable to sell shares for raising capital. Merger companies aren’t commanding the same cap, so it’s tough to find a good candidate that provides quick shareholder value. Can’t just sneeze and get a $30M cap in todays OTC market. All opinion, but the shell game isn’t the same.
Wasn’t me. Somebody else has been pecking away.
Got our Q. Staying current at least.
I’m more excited about my spinoff shares now.
Almost maxed OS as is… either going to have to change the AS or reduce the number shares…
Impatient? Let’s forget about the last two years when pps was 5-10x higher? That must be investors’ fault, not TPII.
There seemed to be 3 of us on the bid fighting. I got lucky and found the 450 at .30 first.
Wish more shares would break free :(
I wouldn’t say “scam”… more like their product apparently isn’t living up to the hype. They should have been generating enough orders to keep the lights on, especially through 2021 when people were spending money freely.
Chomp chomp chomp, somebody keeps taking bites. Let’s hope we get a good announcement soon.
Somebody scooping up shares last few days
So they sold 1 light tower? Last I checked, a MOU was worthless. I know I don’t get anything in return from a supplier until I issue them a PO. I don’t pay them until I get an Invoice.
Still here as well. Holding all my shares. I believe they’ll put a good deal together at some point. The share structure is ripe for a valuable company not wanting to give away much ownership.
The problem is there are lots of shells shopping for buyers. Merger deals are falling through left and right. From what I’ve read, a lot of companies are skeptical that market conditions will let them raise enough capital without crashing share price. Real companies worth >200M will consider SPAC’s or IPO’s, just not right now.
There are other shells out there with better share structures shopping around too. TNB! And NL$C to name a couple. Saying a merger by year end is aggressive if you want one with substance.
It’s not the split that hurts so much as what they do afterwards…
How many shares will they issue to management?
Will there be an offering to raise capital?
Will they use shares to pay for services?
Why would they phrase this “Frontier has paid TPII for the delivery of the first 100 energy storage units.”?
Why wouldn’t you say Frontier has purchased 100 units to resell to other customers???
Frontier wants to be an OEM, so TPII made them buy their initial inventory? Something just doesn’t make sense the more I read this PR.
One problem is OTCM doesn’t like Twitter debacles, especially when combined with volume spikes and major price declines. The company should clarify quickly what’s real and make things right before something stupid happens here like a CE. I’d imagine somebody from OTCM is investigating today and making phone calls.
Mine hit last week on TDA. They just did a $1 offering. May be the best thing to come out of this ticker yet.
Anybody ever get GeoSolar shares?
We can agree to disagree. I don’t believe the current trading price is the only important thing. Isn’t the point of an investment future growth? Only important right now if you want to sell right now I guess. You can read my previous posts for any explanations as to why I like this ticker.
This is unsolicited. So supposedly only retail trades can occur. Quite a few of us have large chunks here. I fully believe a very good deal will happen here at some point. There is too much working for this shell. It’s too valuable to let die. Many of the shells from last year sold in the $100k range. This sold for over $400k. The value is there if somebody can make it happen.
One thing to think about…strong dollar, high interest rates worldwide. Wouldn’t you want to raise money through a US offering as a foreign company right now? Good exchange rates.
Good catch on the “2023”. I didn’t notice that. I guess we’re just going to forget about 2022.
Wish I got them. My bids kept getting jumped.
Stephen Mills BLLB, and several other OTC stocks Attorney's, is currently in dispute with OTCmarkets, for stupid reasons, I guess...
— đź§ đź“–MaxInvestor89🕵️ (@MaxInvestor89) August 24, 2021
He is still licensed by the regulatory authorities and the SEC though... So that's really WTF!!!https://t.co/2mpPQrxoSr pic.twitter.com/EYizLWoJNt
Pretty much figure that’s off the table anytime soon with all the 5%ers involved, low float, and the AS increase.
I read this as they received 23 chassis from a 3rd party manufacturer that will allow them to now assemble 23 golf carts for orders.
They didn’t specify if those orders are outstanding or if this is inventory for future potential orders.
They perpetually leave out specific pieces of pertinent information.
What’s the net profit on 23 golf carts I wonder? $5k each maybe? Assuming those are outstanding orders being filled this year.
If we’re going to have wild speculations, I think a more realistic approach is that we’ll probably see the control block make up 75-85% of the outstanding shares when it’s all said and done. My guess is this is being setup to have 30-40M shares issued as a control block. It looks like about $53k or so will convert at the end of the year at no more than $.50 per share. I’m guessing those 300k share blocks were anticipated to sell for around that too and would have been arranged as adequate payment even if no major deal happened. They were issued for employment compensation and consultation and $150k/yr seems reasonable there.
So, if we end up around 40-50M total shares and with many of these OTC mergers in the $50-$150M range + some additional shares for acquisitions I’m sure, maybe a slight multiplier, low float hype, probably some initial minor share selling to generate capital, I think $3 - $4 is more realistic near future after a merger with a healthy company.
Again, all wildly speculative based on my experiences in this space recently. I’d love to hear disagreements.