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There is no such thing as an S-1 blackout for a follow on offering. They are obligated to keep their shareholders informed of business performance and events material to that. The company hasn’t issued anything particularly substantial because there isn’t anything.
For a company that was at the finish line of an uplisting over a year ago, they’ve been mysteriously quiet about what went wrong and their plan going forward.
The only way to “trade” this one is to lie about what’s going to happen to the stock.
Those "not in favor" are irrelevant if a super majority of both first and second lien holders are in favor of the plan. Agreeing to convert 70-80% of debt to equity is significant, and their liens make them essentially the owners of the company/its assets. The objective is to keep the company in business, NOL's are only an asset if the company can be re-organized in a way that makes them profitable.
Equity holders don't usually have standing when the debt is high and the holders of that debt agree to take equity in exchange for it. Those creditors are betting that company value will grow with the debt service eliminated so they'll make/recover more than they otherwise would.
If you read the 8K without the OTC opportunist blinders on, you'll see a slam dunk. They're not skipping steps, they just did them before they filed.
https://www.otcmarkets.com/filing/html?id=17170297&guid=oSJ-k6UIqQIzB3h
A pre-packaged reorganization in bankruptcy that’s already agreed to by the creditors isn’t an assumption. It’s going to happen.
Yeah, except the stock is getting cancelled....
What a load of crap....
One: Every stinky pink pumps "uplisting." It's on the scamming checklist. Comparisons to Amazon, Apple, and the statement "not your typical OTC stock" are upcoming.
Two: Guess what, the share structure is the "new" spooz, too.
Three: ditto... and since the only thing the company has done is produce tweets and PR's, it'll stay "shell risk" awhile longer.
Four: And this is where common sense kicks in. Companies don't go public just to be public, they go public to sell stock on the public markets/exchanges, raise money for business growth. If he doesn't need to sell stock, it would be stupid to go public, period. Plus, in this fairy tale, he just handed over the equity ownership of his company to the Spooz bagholders for nothing. If he wanted to sell stock, merging into a maxed out shell is even more stupid.
Five: the Websites are just part of the fairy tale, an illusion to make the naive think he's really doing big business.
Six: see four
Seven: You're ignoring the other scams he's run or been a part of, and his own financial history, documented here, showing foreclosures and 7 figure lawsuits lost. A leopard doesn't change his spots, especially those that show up out of nowhere on the OTC gifting a free company to a stinky pink that just happened to land contracts for $100's of millions of Brazilian chicken feet to be sold to China. Anybody that believes that crap needs to pull all their money out of the stock market, especially the OTC or they'll lose it all to the con artist pumpers.
Short interest on your link is listed as 590k shares, hardly 43%... That was the short volume, which is irrelevant, just market makers doing their job.
This little pump is more the con artist pumpers who loaded up some trip 2's and 4's a few weeks ago trying to deceive the naive newbs and flip the stock.
You have to suspend reality to believe any of this crap. The Chinese are so desperate for Brazilian chicken feet that they turn away from their normal sources and turn to a man/company that's never ever done it to the tune of $100's of millions.... not only that, but despite his personal financial troubles and sordid scammy history, companies with those $100's of millions are willing to front him the money for the acquisition and transportation, ignoring the fact that nobody needs him to make this chicken feet deal.... not only that, but if you fall for the BS and believe all the preceding is really happening, then he has zero need to merge himself into this perpetual scam OTC shell and reward its bagholders with equity ownership of his "company" for nothing, he could make this deal without being public at all if he really had contracts and financial backing and keep the profit.
Anybody that believes that fairy tale needs to pull all their money from the stock market and find themselves some nice, long term CD's, because they're going to lose it all to the pumper con artists on the OTC.
This is mostly wash trading, flippers to flippers, bunch of $75-100 trades, nice little square stepping chart. The game of chicken begins shortly, who'll dump first, who'll be dumb enough to dump last.
Just another OTC pump and dump scam.
$433,125 all time high recorded on July 13, 2020... tanked to a close of under $300k.
All time high close was $375,075 on August 4, 2020.
https://finance.yahoo.com/quote/MULN/history/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEdQ7POtd_4cJG6lKgMmdhuKDHiELM-EH9uRTqSYbNDHpmZfWSOA_G7I9baLzuvdCqnsi6hK-EnKD8z-bCweoDmqU2cOopLc5_KIs5bKmxZkhpC2Z4nxTsQ3s-mn8NRkSfoztEJ_aVVFUOJIHJByA-4AmjlkdcEo_vz1YlojIPyh
You can move the PPS of a stock barely trading in whichever direction you want, but without any real interest in it, selling it is a problem.
46 trades all day long.... somebody's just playing around with the stock.
What a load of crap.
You're just a pumper, an eloquent one, but just a pumper. Anyone who wanted to do a thorough and truthful "analysis" of this stock as part of their due diligence would have immediately recognized the dilution going on here, especially from the lender whose note converted at $0.000025 per share. It was right their in their quarterly in black and white, yet you ignored it in favor of the remote possibility that this perpetual scam might not be lying for the nth time in a row and were really going to sell chicken feet from Brazil to the Chinese.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173091416
You're wrong every time, every company you endorse winds up just being another pump and dump scam. Any analyst with your track record wouldn't be an analyst anymore, anyone with a conscience would be concerned after your run of "bad luck" that folks might be following your advice and losing their shorts and just stop posting all that BS.
It's because every stock you support winds up being a scam. Every one. Don't care that the pump and dump sometimes results in a price spike, all of them wind up being scams. So you're either really bad at picking and evaluating stocks and companies, or you're just another pumper who happens to be able to string more sentences together than most.
What forces a company in bankruptcy to liquidate? If you understand bankruptcy and actually read through the proceedings yourself instead of letting the pumper con artists spoon feed you BS, you’d know. A company enters bankruptcy when they can’t service their debts, asking for protection from their creditors while they figure out what to do. This company was in a deep hole and when its stock tanked and it was delisted from the 2 exchanges, selling stock to cover that hole was no longer an option. So they entered bankruptcy/CCAA and solicited 80 other companies, some in the chemical business, some in finance, to see if any would help with capital and restructuring so they could stay in business. There were no bids to do that, so they were forced to liquidate and shut down. If you’re looking for the boogeyman, it would be the bankruptcy process, the court, or the creditors who essentially owned the assets with the liens they held on them, who forced the liquidation. The company had no choice at that point, there was nothing they could do to pay their debt and stay in business. The second bidding process resulted in the best bid for all the assets, $4.34 M, being accepted without objection from any creditor or anyone else. That was the end of any possibility of a payment made to the shareholders, despite the fairy tale told over and over here.
When a company in bankruptcy moves into liquidation, every asset that has value will be offered for sale in order to get as much money as possible to pay their creditors. By definition, they are not staying in business, and have no use for any of the assets.
There was 1 bid for just the intangible assets, and that bid was for $150k, though it appears that bidder didn't want them all. The only other bidders to include the intagibles were the 2 who bid on all three lots of assets. That is detailed on page 37 of the 6th monitor's report that you've refused to read.
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
You ignore facts.
The facts are the company was liquidated and shut down 5 years ago, not even a whisper from the company itself since. Why do you think that is?
The second dumbest assertion being made is that the BS about the buyout, the liquidation not being real, the company operating in secret, etc, must be true because there’s still people saying it isn’t. Such a textbook case of confirmation bias and denial.
They buy these scam stocks deep in the triple zeroes, then start pumping in a chorus about how great the company is, selling when the figure they’ve fooled everyone they can.
They’re flipping the stock, taking their profit. That’s the sole reason for this little pump.
If you'd ever read the court records, you'd know that ain't happening here.... the company is being liquidated by SELLING all of its assets. Then it is gone, shut down forever.
Is he planning to sell out?
I’ve been through the claims and the finances of this company numerous times, and it’s a scam. This time, it’s just a bunch of pumper con artists trying to get a flip off a triple zero stock, and nothing more.
This is a scam, has always been a scam, and will always be a scam. All that’s going on right now is there’s a group of trip flippers trying to pump up a quick buck.
The example you gave was irrelevant to what you said and irrelevant to this company.
Ok, must have left out the “may be” part in the post.
You said they were shorting, which means they are borrowing shares.
They can be audited and publish anything they want without inhabiting a scam OTC shell. They can open their books up to anyone desiring chicken feet that wants to see them....
All corporations are "beholden to laws and regulations," and if he were to have kept his equity ownership, he'd get to keep all the money for himself....
"Control" isn't equity ownership... and the article says that what's done is 2 of the companies were "acquired" (not mentioning any sort of consideration).
Sure, and everything these stinky pink companies put out is the whole truth....
/sarcasm
He can be as transparent as he wishes, doesn't need to inhabit a scam shell at all.
So, 6 years ago, an unrelated company in an unrelated industry was involved in a hostile takeover (which HUMBL isn't), and the hostile parties bought and sold stock while they were buying stock. And they sold stock in order to keep the PPS from going up so they could buy stock....?
Yeah, OK, sure, and that perfectly explains borrowing shares (with associated fees) to short sell while buying other shares....
That's a load of crap. He'd be handing over equity ownership of his "company" (heavy emphasis on the quotes) to a bunch of bagholders for nothing. No legitimate business does that, and it sure as hell isn't "cheaper" than retaining the 100% ownership that he has.
If he wanted a corporate structure, it is far better to make one, clean, rather than inhabit a scam and hand over equity ownership to the holders of nearly 5.5B bags. That would be a monumentally stupid business move to make.
It's a scam, and his rationalization of the "why" is BS.
Venture capitalists provide capital to businesses for growth and get equity, interest, or some other sort of return on their investment. They don't buy stock on the open market from other retail investors, they're just plain old retail investors when/if they do that, provides nothing to the company.
And "big players" buying stock and borrowing stock (with associated fees) to short would be stupid, especially for your suggested purpose of keeping the PPS down. If you think that's happening, seriously, look into CD's, still paying pretty good these days.