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No, completely false. The 14C informs the company shareholders, the public, and the SEC that a vote occurred or is occurring on a matter that requires one. The SEC isn't approving the 14C or the matter that was voted on. Had there actually been a vote, there'd have been preliminary 14C's to describe in detail what was being voted on and how to vote, but these were a moot point since the insiders controlled the vote outcome.
But that's all a 14C does, has nothing to do with completing whatever is left on the item(s) voted on. If I recall correctly, there were specific deliveries by both parties to the agreement that had to be met in order for it to close.
I see you edited, must have actually read it.
All that this 14C did was notify the shareholders of the results of the vote on the RM. That's it.
The DEF14C only gives the final results of the shareholder vote on whether to do the RM or not. It was a given considering the voting rights of the Preferred shares. The RM has not been closed until the conditions for closing are met.
It means of the 53 trades all day, 41 of them were people happy to get 12 cents on the bid. Hardly any trades, hardly any volume, and the talk of “pressure” is exaggerated.
53 trades all day, 41 of them sells on the bid, isn't "buying pressure."
$759M in "revenues" is the same thing this company was doing before that the SEC told them to stop. They showed $100's of millions of "accounts receivable" offset by the same amount of "deferred income" just to fluff up the numbers. Fact is they haven't collected on any of that crap for years and don't have the "revenue," actual cash coming in or committed to come in, as they claim. Guess the SEC will have to tell them again.
Someone/group is wash trading this stock to try and create an illusion of interest in it, and primarily so that 3B shares awarded to the insiders can be sold. The CEO had 750M shares and was always pumping the stock, hardly ever mentioned the actual business and making it better, just stuff about Jamaican exchanges, European NASDAQ's, stock splits, etc., trying to get some liquidity drummed up.
That's a lot of purdy words, there, cupcake, but it's all the same contrived gibberish you and the rest of the DD fabrication team are known for. Here's the facts though:
A broker will close a position, short or long, when presented evidence that the stock is dead. The court records, the 8K's issued by the company and/or monitor about the liquidation, FINRA's action deleting the ticker and suspending the CUSIP because of that liquidation, heck, the state revocation of the issuer's corporate charter, are ample evidence that the company is dead despite the delusion that you guys pretend to believe. It would be a cake walk if there were any short positions really open, and if there were, guarantee it didn't take long for those folks to get it done.
Now, on the other issue. This is a public message board for discussion. If you're secure in your delusions that this will be the first company ever to be resurrected 5 years after liquidation and shut down with neither management nor employees, no assets, no operations, no corporate charter, because some super secret deal happened in the bankruptcy proceedings that just hasn't been revealed, then just go on with that. If you bring it here, on this public message board, somebody's going to tell you how stupid that is, so if you don't want to hear how stupid it is, don't bring it here. Seems to be the whole point of bringing it here, just to get that response, some sort of weird badge of honor where you think you win or look smart by posting something stupid and being told it is. It's just that simple, though, this board would be dead if it weren't for the continued trolling of the prolific responders so the rest of the "good things coming" crew can muse about why there's still responses to BS on a public message board for discussion. There are still responses because there's still BS.
Couldn't care less what you or anybody else does with the holdings, and I really doubt that anybody that would buy the stock of a company that was liquidated and shut down (very clearly documented) ever has gains to offset anyway, so it's a moot point.
That lender that converted 675M in August and 280M since October 13th sold all those shares into this pump. There's still more to convert (at $0.000025 per share), so what makes you think he's done? "No dilution for 2 weeks!" is kinda hollow, eh?
Let me give you a clue, since, obviously, you need one. If there were any real short positions still open when the ticker was deleted, the only thing that person would have to do is show their broker the stock was dead and they’d close it. That’s it, and it would have been easy to do using the 8K showing the executives and board were gone, the 8K showing the liquidation, the final orders from the 2 federal judges, and FINRA’s action suspending the CUSIP and deleting the ticker after liquidation. It is absurd to even suggest there are open short positions on this stock 5 years after the company was liquidated and shut down, and very nearly 4 years after the ticker was deleted. Learn how things work if you’re going to invest your own money, especially bankruptcies.
Do you understand what short volume is, or the difference between short volume and short interest? Doubt it. This is from FINRA, aka - the regulator. Short volume is irrelevant.
https://www.finra.org/rules-guidance/notices/information-notice-051019
Somebody's playing with the stock, trying to coax that bid up so they can dump on it. The company is all about selling stock, inhabiting the shell and then giving the CEO 3.5B shares and a salary of $12M per year in a convertible note:
https://www.otcmarkets.com/filing/html?id=16760936&guid=yXD-kKDt7oePB3h
Somebody wasn't paying attention and hit "market sell" instead of "limit sell."
Yes, those, the 280M added since 10/13, and any front loaded shares, probably all 3 are what's getting dumped, and are probably what the promotion was for,
I've given you (and everyone else reading these posts) the facts regarding the very real dilution of this stock. 675M last quarter, 280M more since October 13th. You and the company want to divert attention away from that fact, using the smokescreen the company set up last December when they issued 1B shares to their insiders, then turned around and PR'd and pumped cancelling those same 1B shares (which were never sold into the float in the first place). I know you'd rather not do any real DD, but it's on page F-14 of this:
https://www.otcmarkets.com/filing/html?id=16927907&guid=hb5-kFxzfus2dth
No. That lender still has more to convert, and at $0.000025 it'll take a long time to get it all. Plus you also have to deal with those preferreds that would now be held by people no longer affiliated with the company.
No... The company "cancelled" 1B shares they created out of thin air just last year and for the express purpose of providing air cover for the lender that is converting at $0.000025 and dumping into this stock. The dilution is real whether you want people to know it and see it or not. Here's screenshots of those 2 pages that you don't want anyone to read:
Once again, and because you obviously refuse to read things that contradict the narrative you're pushing. Page 5 of their quarterly clearly shows the conversion of 675M shares. The cancellation of those 500M fantasy shares was a smokescreen they dreamed up, converting 25000 Preferred A's into 1B common shares last year.
https://www.otcmarkets.com/filing/html?id=16988183&guid=hb5-kFxzfus2dth
That quarterly also shows on page 1 what the O/S was on October 13th, less than 2 weeks ago, and after they PR'd the cancellation of the other 500M fantasy shares. The O/S today is 280M higher. That's a total of 955M shares for this pump, converted at $0.000025. That is very real, very substantial dilution of this stock, like it or not.
Click the link to their quarterly report that I gave you if you want to know the truth. If you don't want the truth, then don't, but don't act like you're telling it, either, because you're not.
Hogwash. Page 5 of their quarterly clearly shows the conversion of 675M shares. The cancellation of those 500M fantasy shares was a smokescreen they dreamed up, converting 25000 Preferred A's into 1B common shares last year.
https://www.otcmarkets.com/filing/html?id=16988183&guid=hb5-kFxzfus2dth
That quarterly also shows on page 1 what the O/S was on October 13th, less than 2 weeks ago, and after they PR'd the cancellation of the other 500M fantasy shares. The O/S today is 280M higher. That's a total of 955M shares for this pump, converted at $0.000025.
Sterling, you were saying they weren't convertible at all, which was wrong. The excerpt you found in the corporate charter was exactly what I'd told you and everyone else, and it was clear it was that way since it had just happened a year ago and the the agreement with JPE has a specific ratio for the stock in that deal. Like I said, I do not expect anyone to dump 360B shares into the float, but all the preferred A's need to be watched, especially since the board approved a conversion just a year ago, 25000 for 1B common shares (ratio of 40000 to 1). That was just a scam, of course, like the whole of NHMD, since they only did it to provide a smoke screen, cancelling that 1B with great fanfare while a lender converted 675M last quarter and another 280M since October 13, a conversion at $0.000025 (that's called a hundred bagger at the peak PPS of this pump and dump). And now, if the deal goes through, some of those Preferred A's and the whole alphabet soup of others will no longer be held by affiliates of the company. Sweet deal.
You write up a long diatribe focusing on the fairy tale that a Chinese food company "over there" turned to a New Jersey LLC that had never handled food commodities for half a billion dollars worth of sugar and chicken feet instead of using established sources, and that the LLC's are somehow going to get the very substantial funding to cover the acquisition and transport of those commodities despite that inexperience and the relatively recent financial challenges of the LLC's sole owner, and that sole owner wants to toss all that windfall into this corrupt shell instead of keeping all of it for himself. That defies all business logic. You don't go public just to be public, you go public to sell stock to the public and raise money. You certainly don't go public to adopt the bagholders of a stinky, corrupt, OTC shell.
You also ignore the fact that a lender converted 675M right before this pump, and another 280M since October 13. That's big time dilution, bud, and is very like the foundation/reason for this latest fairy tale and pump and dump. Converting at $0.000025 makes for a handsome profit at this PPS, and that loan isn't nearly done.
Ever wonder how that turned out? It turned out in favor of iHub...
https://lettersblogatory.com/2011/07/15/case-of-the-day-investorshub-com-v-mina-mar-group/
The Robots are back on and running smoothly. Today's ticker for manipulative automated wash trading is IMN, whose outstanding shares is 3.3M, today's volume is 82M, turning over that O/S 24X's so far at 11:30
Robots are wash trading this stock, the O/S has already turned over 24X's on this previously dead stock. You don't do 82M volume on an O/S of 3.3M, that's pure BS. Don't get trapped, they will turn the robots off.
That was a fraud and it got the stock suspended from trading by the SEC. The trustee said so.
Dude, and for the nth time, the Preferred A's are convertible with board approval, and just because they didn't mention that in a 14C whose sole purpose was to explain the tallying of the votes does not mean they changed anything about that. I told you before I don't expect JPE to dump 360B shares into the O/S, but the board put that in the agreement they signed and they already approved a conversion of 25000 preferred A's into 1B commons last year just so they could PR the cancellation of those 1B shares while a note holder converted.
Did you see the O/S from just a year ago? Just over 500M shares? Did you see the conversion last quarter of 675M shares at a price of $0.000025? Did you see the increase in the O/S of 280M shares since October 13th? Yeah, you saw it, but you just don't want to mention that somebody is dumping stock into this little fairy tale pump. A note holder has a sweet deal, right now he's dumping at about 80X's his conversion price. I'm sure he appreciates your help.
THAT is what's being pumped here? A company with a couple free apps, that one with only 127 reviews over two years, is proposing to inhabit this shell company? You have to be joking.
You are pumping this hard, and with the misinformation that is typical of all your bad calls, everything you pump winds up being a complete scam.
First off and once again, those Preferred A’s are convertible with board approval. They’ve already done it once, and the agreement with JPE has it explicitly for the stock awarded in that agreement:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173079992
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173080096
That dilution isn’t even the dilution to worry about. They awarded 675M shares at a conversion price of $0.000025 in the quarter ending Aug 31, and another 280M since October 13th for note conversions. That first conversion only satisfied $16,875 of over $200k of the debt. So…. That lender is going to keep converting and selling while everyone else is pumping.
What a bunch of crap. They have to do what they told their shareholders in the IPO they were going to do, and they haven't uttered a whisper about anything that would involve Teper's companies or you. You made that up, it only exists in your own mind.
NAYA isn't merging with another company to go public, then getting acquired by a SPAC. SPACs don't go after already public companies, and the one you're babbling about intends to acquire something in the Entertainment/Sports industries. Move along.
They are not changing anything in a 14C... Conversion of the Preferred A's requires board approval, there is no fixed ratio to mention. So far, they've approved the conversion of 25000 shares into 1B common shares, and then they approved the agreement with JPE, so his stock is convertible at 20000 common shares for 1 preferred share, 360B total. I'm not expecting him to attempt a dumping, but it is what it is. He'll control the board vote, as well, so whatever he decides goes.
Sterling, this 14C's sole purpose was to describe the outcome of the shareholder's vote. That's it, so conversion of the stock into commons is irrelevant and not mentioned, all they're doing is describing why the vote passed and they didn't have to solicit votes from the lowly common shareholders. The board of directors will tell everyone if they change the conversion rights of any of the preferreds and it won't be in a 14C.
Most of the dilution is convertible notes. In their 10Q for end of August, 675M shares were issued, hard to see because they were making hay about cancelling 500M shares they'd issued for converted Preferred A's, concealing the actual amount of dilution. They've done it again since, issuing 280M to somebody (likely a note conversion) after they cancelled the other 500M of fantasy stock. All that stock doesn't get dumped all at once, I expect they were waiting for this pump with the first block since it was sitting deep into trips, and it's easy to see someone(s) is dumping stock.
All that means is even though you don't see a big jump in O/S, there may be a note holder with gobs of stock to dump on a good pump.
Just because they didn't mention the conversion rights doesn't mean they changed it....
Here's from the agreement with JPE:
https://www.otcmarkets.com/filing/html?id=16941153&guid=qZ5-kWUojSxPB3h
And here's the description from their 10K:
So... on October 13th, the O/S was 2,883,024,616, and on the 16th (and still) it was 3,163,024,616, and you're claiming some sort of win because more dilution didn't happen this last week?? Ooookay...
Reckon they've sold in those 280M shares yet?
That wasn't "extended hours," no such thing on the OTC. That was the roll-up of a block trade, not a big one, either.
I just gave you two links that contradict this "they don't convert" fairy tale here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173076995
Yes, they do...
Here's the 8K that says so: https://www.otcmarkets.com/filing/html?id=16941153&guid=dZ5-kpwMD3t4Qth
Page 1 of the agreement...
Further, the company insiders converted 25000 shares of it into 1B shares, which they made great fanfare of "cancelling" for a pump.
https://www.otcmarkets.com/filing/html?id=16927907&guid=dZ5-kpwMD3t4Qth Page F-14
Somebody is dumping large on this pump. I'd wondered who it was, but now I see the O/S has already increased 200M shares since 10/13 (their last quarterly).
The truth hurts, especially on the OTC. You did good work.
You don't own any of Teper's company. If you own 9% of IMNPQ (FKA), you lost everything you paid for it.
When they distribute the acquisition stock to Teper and his shareholders, everyone will know you've just been trolling along with a BS story.