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Somebody wants this low to create doubt. They tried to sell it down with 50 shares and it didn’t move the price.
Actually, that’s a damn good idea for these guys. Many people are switching to battery mowers. Low voltage solar charging on top of your shed for an ecell mower. That sounds like something people would pay for. Especially if you could have the mower recharged in a day.
Were all in this together. I find comfort in the fact this is an existing company and we didn’t go through one of the major custodian groups.
Way too many mergers facilitated by the main players in the custodianship/shell space that included a fledgling company have not gone well for legacy shareholders. It’s been brutal.
Honestly, it makes me feel like there are only a small number of individuals working on this. That would be one reason for a drawn out timeline. They need the transactions to be secure and the interface intuitive at launch for most functions. Takes time to program. Takes time to test. Maybe less interested in a trading stock prior to a functioning product?
The shell merger process lost a lot of its luster after the Krisa fiascos, poor Alpha plays, Synergy failures, DE custodianship denials, etc. The recent CE and scam finding on A/\PT, MJW|_, and !C0A don’t make things any better. The GS shells can’t even get their act together.
You are correct though, the biggest worry I always have when a new company takes over is what they’ll do to legacy shareholders. New management doesn’t want to give away ownership.
What you are really hoping for is the assets rolled in are worth more than the % of ownership you lose in the split or issuing of management shares. There is almost always some sort of significant ownership reduction of legacy shareholders when new management takes over.
It could. It seems like they want the shell for the tax credits, not to sell shares. They could have opened the taps already. There’s no imminent rush to complete things to keep the lights on.
As has been stated, the longer this takes, the better I believe it will be. The tax credits alone make this a profitable venture.
We are going to need some help with liquidity if we want active trading. Not being able to buy shares will turn folks away. However, Im not giving mine up… :)
I can’t wait until they strip out some of the pre-merger language. It’s easy to misread the outdated merger language as current info. My heart skipped beats for a bit before it said “sole officer”. That’s how I knew the info was outdated. This paragraph was before Hsiao took over.
“We are not prohibited from pursuing a business combination with a company that is affiliated with our management, but we have no plans to do so. We do not plan to retain a significant equity position after closing of any acquisition and management does not plan to continue as part of the new management team.
We have not selected any specific business combination target. Our sole officer and director presently has….”
This is clearly outdated due to the reference of sole officer and director.
Nice. Doesn’t look like anything new in there that I could see. Still a lot of old info describing firefish transactions.
It all depends. If they’ve been able to use off the shelf industrial components then the main proprietary piece is the plc software. However, this is specialized power regulation. My guess is there are some proprietary controllers or regulators involved. Those have to be manufactured if they involve a custom pcb design.
This may not even be an issue for them. My point was the PR’s read like marketing/sales pitches and don’t address real concerns with their business. I just don’t get a sense they are being fully transparent. Maybe I’m wrong. Other operating companies seem to be way more transparent about business challenges and explaining their need for selling shares.
Wonder what the lead time on a proprietary controller is these days? Sourcing supplies for industrial controls right now is not quick or easy. Most of our lead times on components and fabrication are 100% longer than 2 years ago.
I’m wondering what kind of impact lithium sulfur battery developments will have on their market outlook. Probably still a couple years from being readily commercially available.
I just don’t understand why all of the PR hype hasn’t been turned into orders, especially since we passed through a time when companies were leveraging low interest rates and throwing cash around. Unfortunately that time is over.
If the savings were as advertised, I would think we’d have a healthy order flow. It just doesn’t sound like we’re getting the full story on application.
Absolutely no idea...
I'm starting to think what we may see is Sky Cosmos and Apollo Global merge. Remember, Apollo Global seems to be Hsu's company that controls Orient Express. Apollo Global looks to be exporters and domestic outlets for Asian goods. I think the share structure on the shell may actually be the ownership of Apollo Global.
https://apollo-global-corp.com/product-5.html
Lots of Sky Cosmos Limited products... bag says Thule.
https://apollo-global-corp.com/product-3.html
On this page notice Apollo Global, Mars Global (who owns 500k shares and has an address in WV), and Oriental Green Energy (who just happens to have the same CEO and be under Nam Liong).
https://apollo-global-corp.com/index.html#index-about
Affiliate Enterprise lists Orient Express.
https://apollo-global-corp.com/contact.html
Could be totally a coincidence, but the contact for Solar Shiner is eunice.solar@...
Don’t forget, they are authorized for 10M preferred shares too. For all we know, Hsu is purchasing parts of Nam Liong. Maybe Hsu, through Orient Express, is going to purchase SkyCosmos and Tiong Liong? It did say Orient Express paid with working capital.
Check out the independent directors…
Slight translation error? Same family? Common name?
https://www.reuters.com/markets/companies/5450.TWO
We got a couple new officers listed on OTCM at some point:
Eunice Leung
Finance Manager
HUANG Chun-Hua
Accountant
I’ll do some digging when I get a chance.
Watch $NLSC. Namliong SkyCosmos. Name/symbol change was this week. SkyCosmos Ltd. is mostly a given with the CEO and name change, but it will move fast if they bring in more parts of Nam Liong Group, which appears to be a multi-billion organization. Waiting for an 8K to make it official. Last filing said “one or more”.
14.7M OS, 280k unrestricted.
Hope you got some $2’s
MM’s can’t place orders here. Retail only. Since we hit Expert Market for one day, we got pushed to unsolicited trading until they get a Form 211.
“This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. “
Still a couple more days this week. Hoping they squeeze a PR or 8k in there somewhere. LETS GO!!!!
Lots of facilities owned by Nam Liong in Dongguan, China. Could be ripe for acquisitions.
https://skycosmos.com.tw/article.php?lang=en&tb=1
https://www.decortec.com.tw/about/
DONGGUAN NAM LIONG RUBBER
https://www.namliong.com.tw/en/page/factory-profile.html
DONGGUAN SHENGLIANG TEXTILE CO
http://www.sheng-liang.com.tw/en/about/organization.php
Probably more, but these are all under the Nam Liong umbrella.
Definitely a possibility. This is why I was excited early on that “acquisitions” could literally be any company under the Nam Liong umbrella due to the family connection.
I think the father is actually the BOD Chairman of the entire Nam Liong Group…
http://www.namliong-group.com/en/introduce.php
Xiao seems to be equivalent to Hsiao depending on the translation method.
Potentially. It was just a connection.
https://www.whois.com/whois/skycosmos.com.tw
The person that registered the SkyCosmos site appears to work for U-Long. Coincidence? We’ll see.
Check this out in California…
https://glomexusa.com/about-us
You are correct. Folks can always bid higher. However, not sure where the limit is.
With the price in the $2’s, I get a warning that I have to call TDA to place an order when the ask is over $4. Won’t let me buy up that high when the going price is dollars lower regardless of where the next ask is.
TDA still hasn’t completely processed converting my shares to the new symbol.
Also, nobody can really buy. The Ask is $12 according to TDA. LOL
$KRBF now $NLSC NamLiong SkyCosmos today! 8K watch. Merging entity confirmation any day now with the name and symbol change effective today. Micro float, SEC reporting. Established textile manufacturer.
The one thing I keep reminding myself is I doubt they want to wait 10yrs to take advantage of the loss credits. That means they have to have profits today. Again, the statement of one or more.
A possibility here too is Hsu is buying pieces of Nam Liong. That would explain the large holding by Orient Express, which he controls.
I agree with you. I think we’re going to be surprised. I’m not even speculating because we’re going to find out soon enough. Once we get the 8k, we need to get word out. I think there is a good chance we get a PR next week.
IHub now shows NamLiong SkyCosmos! Brokerage accounts should show the new name and symbol Monday. May take a day or so to push all the way through.
As we’ve said, I think SkyCosmos is a given. Can’t wait to see what else we get. Still have high hopes and not because it was just 4/20.
Nice find! Can’t wait for an 8K. Maybe next week???
$KRBF name change to Namliong SkyCosmos and symbol change to NLSC effective Monday.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Still has to trickle through all the SEC systems. Hopefully we’ll see it in our accounts tomorrow or Monday. I think after that point we can expect the 8k.
NVSOS Name change complete.
https://www.nvsilverflume.gov/redirectToCenuity/be
Search Namliong
This is why I had my post several months ago about getting discouraged. Always happens during the long waits that are a normal part of the process. Patience will pay on this one.
I’m seeing the process follow the expected steps, not sure what you are seeing differently. All of these steps are part of the standard merger requirements for an SEC filer.
I’m not concerned with the daily price movements until we have a completed merger. Not sure why so many traders get discouraged during the waits when a merger is progressing as expected.