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I’m telling you the company didn’t deceive anybody. You listened to a bunch of pumpers on the internet telling you to buy this stock and you’d get an easy 10 bagger from a SPAC. It was just another narrative those con artists tell so they can flip the stock for a profit. Then, when it’s all done, they shift the blame onto someone else, usually the company, claiming they’re the ones that lied and that they’re victims, too. They’re not victims, the pumpers made the whole thing up.
You didn’t buy LEAS stock from the company or its CEO, you bought on the OTC from another shareholder. The company didn’t get any of the money from the trading of LEAS stock during the pump and run-up to the SPAC merger, that all went trader to trader. The people that have your money are the ones who sold you the stock and sold you on the story you were going to get rich from buying it.
Seriously, if you bought into that crap and especially if you invested serious money in it, you need to pull whatever you have left in the market out and put it in some nice CD’s paying over 5% risk free. If you don’t, you’re very liable to lose all of it.
The RS that was approved was 2500:1. That was to be followed by a conversion of the preferred shares held by the investors of ANEW 100:1.
https://www.otcmarkets.com/otcapi/company/financial-report/371497/content starts on page 9
They also updated the corporate charter to reflect the change.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172108030
That’s a better summary of what they were doing. All that crap of 175:1 was made up by internet con artist pumpers hoping to make a profit from flipping the stock. Those are the people you bought your stock from. LEAS sold no new stock while it was occupied by ANEW.
They didn’t rob you. They told you from the time they inhabited this shell they were going to do a RS and then a conversion of the preferred shares held by the original owners/investors of ANEW medical so that they would keep their ownership. You chose, instead, to listen to a bunch of internet con artist pumpers who were telling you to buy this stinky pink stock and you’d get an easy 10 bagger for nothing. Those guys are the ones that have your money, you bought your stock from them, not the company.
So, this CEO is commenting on a discord channel?
Man, what a scam…
It’s unheard of to have folks still claiming after those 6 years that this company is still going to rise up somehow and reward them, especially people who know it isn’t happening and are just pretending to believe it for the express purpose of getting a response to the claim. There isn’t a single person here who is dumb enough to believe it, not a single whisper from the company since they announced the resignation of the board of directors and executives, nothing from the monitor or the courts since the discharge and closure of the bankruptcies. Now, tell me, what sort of psyche takes on a position that is known to be dead wrong just to keep feigning outrage when someone responds that it’s dead wrong? 6 years defending something known to be wrong, that’s a lot dumber than spending 6 years repeating the truth even though both are a waste. At least the latter has a sure win.
Yeah, well, like I said, it must be way too hard for you to accept that some folks don’t like con artists and their scams and don’t play them.
I must be in the right place… all kinds of con artists here trying to push this POS, raise it from the dead, even wash traded the PPS up a bit yesterday hoping to dupe some naive folks into believing there’s actual interest in this stock. Not sure that it’s God’s work, but I’m happy to help inform folks who stumble in here they’re being conned out of their money.
No, I don’t trade them either. It is con artistry, common criminal behavior, making up fairy tales about these frauds hoping that someone falls for them and buys the stock so you can profit.
I realize that it’s tough for you to wrap your brain around someone with standards and scruples that won’t scam their fellow man out of their money, but maybe one day you’ll understand and go legit.
I don’t participate in scams at all. My standards won’t allow me to do that, take money from people who are being lied to.
This “paid basher” thing is the most ignorant of all the pumper myths. Who, exactly, would be paying someone and why?
Nope. That’s another load of crap, a fabricated smoke screen.
There was a share exchange agreement. It said that the preferred shareholders of EMGE would get KOAN stock. It didn’t say jack about the common shares of EMGE, and if there was any intent to do a share exchange for them, there was zero reason not to include it in the same agreement. They didn’t include it, didn’t say anything about it, because there is no intent whatsoever to do it. Those common shares got nothing. The only mention of the common shares of EMGE was on the very last page of the agreement where it spoke of the pending reverse split.
It’s really just that simple. Why would they not say the EMGE common shares would be exchanged in the same agreement they exchanged the preferred shares in?
They’re just making things up as they go. The stock is dead, so’s the company. There was a share exchange written up that gave the preferred shareholders of EMGE stock in another dead stinky pink.(KOAN), leaving the common shareholders of this one holding stock in nothing. The only mention of the common stock was on the last page of the exchange agreement where it said the reverse split was still pending.
These guys are stuck. There’s been no mention whatsoever about the common stock of EMGE and what the company will do with this empty subsidiary. The pumpers like to pretend their EMGE stock gives them ownership in the parent, but it doesn’t.
Nothing like a little wash trading among friends to try and create an illusion of interest in this dead stock tied to an empty, lifeless shell subsidiary that has nothing going on.
Imagine a stock up over 40% with more sells than buys… so brazenly obvious this company needs to hire better pumpers.
Don’t get trapped, EMGE shareholders didn’t get anything out of the share exchange with the other scam company (KOAN), and the company hasn’t said jack about another share exchange. That’s just made up pumper fairy tales hoping to find an exit ramp from this illiquid stock.
Bioamber has no patents. They were all sold in the liquidation. Bioamber’s name on a patent is irrelevant if another company bought it.
Page 88 of the 6th monitor’s report, patent was sold in the liquidation:
https://www.pwc.com/ca/en/car/bioamber/assets2/bioamber-043_120718.pdf
Despite the remnants of BioAmber’s existence still deposited here and there, if you’d ever actually read that 6th report showing everything sold in the liquidation and considered that you haven’t heard the first whisper from an alleged publicly reporting corporation in nearly 6 years, maybe you’d put it all together that BioAmber (and whatever investment you had remaining in it) is gone forever.
Yeah, and I’m sure they did all the R&D to support that patent application just this year….
Here’s the thing, anyone who thinks “available from Bioamber” in a 3rd party patent application means that Bioamber is secretly in operation needs to contact Bioamber and try to purchase some of the “available” product that Ricoh mentioned. Should be easy as corn sludge pie, right?
How to tell the pumpers are stuck with stock in a lifeless publicly trading subsidiary...
Posts today: 45 (so far, not counting this one)
Trades today: 23
More posts on iHub than trades.... no interest in this stock.
Yeah, the standard "why are you disrupting my pump and dump" post.
Tell you what, there, cupcake, want to compare accuracy? Your "great companies" vs my "scam" calls?
Who said "wiped out?" You still hold EMGE stock, you're not getting any KOAN stock. The EMGE stock holds equity in a lifeless subsidiary of KOAN, nothing going on whatsoever, they took the worthless assets, gave themselves stock in KOAN, and moved on. KOAN is dead, too, btw, not a single share traded today, hardly any traded for a month, so this little fairy tale of yours that the dead, worthless EMGE stock is going to get exchanged for dead, worthless KOAN stock ain't exactly going to stir up any excitement. You're stuck.
Falsehood? That's rich. Here's the share exchange agreement:
https://www.otcmarkets.com/filing/html?id=17305421&guid=RXO-kWK48IECJth#ex2-1_htm
Nowhere in it are the common shareholders of EMGE to get any of the shares of KOAN in the exchange. Nowhere. Only the preferred shareholders were to get their stock exchanged, and.... that's exactly what happened.
The only mention of the common stock of EMGE is on the very last page, where it says...
This was just another pump and dump. Who in their right mind would think they'd found a stinky pink stock that could be bought for way less than a penny for over a year was going to be exchanged for SPAC stock with an exchange that was equivalent to nearly 6 cents per LEAS share? Anybody falling for that crap needs to pull all their money out of the market, especially the OTC, because they'll fall for anything and will eventually lose all of it. Put it in some nice, risk free CD's.
Neither company ever said there was going to be a 175 to 1 exchange ever, and in fact ANEW said from the point they merged into LEAS they were going to RS the stock at 1-2500, then apply a 100:1 conversion to the 400K shares of preferred stock given to the investors of ANEW. They even revised the corporate charter to include it. Every report they issued said that until the business combination was getting close and the CEO realized he didn't have to make it effective, he could just do the math and distribute the WENA shares as if it had. He didn't mislead anyone, a bunch of pumpers pushed that fairy tale of a sure thing 10-20 bagger and dumped into it. Those are the folks who have all the money invested in this, nobody bought stock from LEAS, they bought it from someone else who was selling.
If it's any consolation, the company is likely screwed. Most all the retail shareholders who'd invested in RWOD before this business combination was announced walked and took their over $10 per share with them. Cash in the treasury was nothing, and the ANEW shareholders got about $12M worth of stock instead of $60, but only becauses they can't sell any of it yet. The company has already sold another 1M shares, and that won't even scratch the surface of any sort of drug they want to develop, test, and sell. This will be just another NASDAQ biotech that won't go anywhere.
Oh, I understand the game, there, cupcake, it's called con artistry. Fabricate up a fairy tale to convince naive investors to buy your stock at a profit to you. Pretty straightforward.
There is no outstanding share exchange for the EMGE common stock. You made that up hoping folks will believe you and buy your stock. Neither KOAN nor EMGE has ever said a word about exchanging the common stock of EMGE. They did say the EMGE preferred shareholders would get KOAN stock, and that's what happened.
If there was any intent to exchange the EMGE common stock for KOAN stock, they would have said it in the share exchange agreement, there was no reason not to. But they didn't.
That's KOAN, not EMGE. You don't hold equity in KOAN by having shares of EMGE and you know it.
I guess the folks who bought that stock right before the merger hired the computer wash traders to help them dump it in.
Don't get trapped... this isn't real.
Stocktwits is the mother lode. And, yeah, they think the SEC action is just a diversion to protect FINRA and keep those blue sheets secret...
So, amidst all the pumping BS, someone is getting their stock unrestricted and selling it.....
Saw you guys posting over here as well, so I copied my information from the DD board:
Don't confuse the SEC action with the fake short squeeze pump that was ended with the FINRA halt. There were two events, the merger of Torchlight and Meta Materials that is the subject of the enforcement action. When those two were merging, those 2 guys issued the preferred shares (non-trading) to the Torchlight shareholders so that they'd hold the equity in the fake oil drilling business. The story was they'd sell all those assets, and those preferred shareholders would get a dividend from it. The common stock got re-tickered, and holds equity in whatever the heck the Meta Materials business is. All that crap about the dividend forcing the shorts to cover, making a squeeze, etc., happened then.
Now, fast forward a bit, and those preferred shares suddenly start trading, FINRA assigns a ticker to it, nobody has admitted to filing whatever forms were required to get it. I personally think one or both of those guys got that done, since they had a significant holding of the preferred shares and wanted the dump them. Anyhow, those shares trade for awhile, and Meta Materials announces that they're spinning off the old Torchlight, lock, stock, and barrel, filing an S-1 to register stock for it non-publicly trading, with an intent to exchange the public MMTLP shares 1 for 1. When that's getting towards the end is when the 2nd fake short squeeze happened, heavy pumping across all social media about it, same lack of short interest, FTD's, etc. Leads up to the approval of the S-1, the FINRA halt, the pumpers crying foul (especial the social media video bloggers who were making a mint off their followers and still are today with their breaking news and other revelations), and the rest is history. Well, it should be history, maybe soon the SEC will indict the culprits of that one.
Anyhow, it was two events, and the SEC action is about the first one.
Ok. Thanks. I usually just move on when I see the signup page, expecting to land in subscription land.
It's behind a pay wall...
There is no 1 for 1 share exchange, he made that up. If there was an intent to do such an exchange, it would have been included in the share exchange agreement, and there's absolutely no reason it wouldn't have been. But it wasn't, and the exchange the agreement did include has already been completed, the preferred shareholders of EMGE got their worthless KOAN stock.
All he's doing is trying to drum up a pump and somehow get out of this dead stock that holds equity in a lifeless subsidiary of KOAN.
Don't confuse the SEC action with the fake short squeeze pump that was ended with the FINRA halt. There were two events, the merger of Torchlight and Meta Materials that is the subject of the enforcement action. When those two were merging, those 2 guys issued the preferred shares (non-trading) to the Torchlight shareholders so that they'd hold the equity in the fake oil drilling business. The story was they'd sell all those assets, and those preferred shareholders would get a dividend from it. The common stock got re-tickered, and holds equity in whatever the heck the Meta Materials business is. All that crap about the dividend forcing the shorts to cover, making a squeeze, etc., happened then.
Now, fast forward a bit, and those preferred shares suddenly start trading, FINRA assigns a ticker to it, nobody has admitted to filing whatever forms were required to get it. I personally think one or both of those guys got that done, since they had a significant holding of the preferred shares and wanted the dump them. Anyhow, those shares trade for awhile, and Meta Materials announces that they're spinning off the old Torchlight, lock, stock, and barrel, filing an S-1 to register stock for it non-publicly trading, with an intent to exchange the public MMTLP shares 1 for 1. When that's getting towards the end is when the 2nd fake short squeeze happened, heavy pumping across all social media about it, same lack of short interest, FTD's, etc. Leads up to the approval of the S-1, the FINRA halt, the pumpers crying foul (especial the social media video bloggers who were making a mint off their followers and still are today with their breaking news and other revelations), and the rest is history. Well, it should be history, maybe soon the SEC will indict the culprits of that one.
Anyhow, it was two events, and the SEC action is about the first one.
O/S of 2.3M, volume today of 33M, yeah, nothing suspicious about that...
Automated wash trading, don't get trapped when they turn their computers off.
Probably the CUSIP # for the stock. It'll be exchanged soon.
At 0.00004 shares of WENA per LEAS share, WENA trading at $1.93, that's the equivalent of $0.0000772.
Oh, absolutely... they sold everything last year. The "dismissal" was the closing of the Chapter 15 case in the US, all the work was done in Canadian Courts under their CCAA and BIA.
This company was the monitor and all the documents are there:
http://cfcanada.fticonsulting.com/imv/
I only glanced through it curious about how the bankruptcy was dismissed, but there is no business left whatsoever.
Company was liquidated and shut down under CCAA, should have just deleted the ticker.
Being fearful of this dilution pig is wise. This little recent "pop" is just a bunch of trip flippers trying to create an illusion of real interest.
Here's all you need to know about this stock. Look on pages 8 and 9 of this:
https://www.otcmarkets.com/otcapi/company/financial-report/403114/content
That's all the convertible note balances as of the end of March, and with another 400M or so shares added since that report (ie - they're not nearly done). Look at the conversion rates, much of it is 50% "market price," but the real kicker is the 3a10 settlement, that allows each creditor to convert at the lowest trading price for the 30 days prior to conversion. Guess what that price is right now? $0.0003. Guess how many shares each of those creditors can convert at one time? Up to 9.99% of the O/S, or about 100M shares at a time for each named creditor. So, they'll each load up 100M shares, which will cost them $30k of their debt balance, and be ready to dump into any liquidity the pumpers stir up. Then, they'll load up another 9.99%, lather, rinse, repeat.
Yet another load of complete BS. The share exchange agreement has been completed, and it didn't say a word about exchanging the common stock of this POS. In fact, the only mention of the common stock of EMGE was an acknowledgement of the pending RS on the last page. You keep making stuff up, expecting it to be accepted without question, yet you cannot explain why, if there was an intent to exchange the common stock of EMGE, why was it not in the share exchange agreement? There isn't a single reason for it not to be in there except they aren't doing one.
The thing you're most disappointed by is that nobody believes that crap and are, instead, listening to the facts. Kinda hard to unload those bags you're carrying when the stock is trading like a zombie.
They'd be worth $2.34 (RWOD PPS) times 0.00004 or $0.0000936.
Keep in mind, most all of the RWOD retail holders redeemed their stock, resulting in hardly any cash for ANEW to make any progress. They just announced they sold some stock, and the 6M shares awarded to the ANEW shareholders are all dilution to the $2.34 shares. NASDAQ investors aren't OTC investors, they don't buy fluffy hype about a company, they look at the bottom line.
Just trying to inform. Anytime an OTC company says they’re going to do a RS, everyone should plan for it, even though this one was weird.
There's several of these on the board, but it was predicted:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174257497
At that exchange, the 1B shares of the O/S get 40,000 shares of the 6M shares awarded in the exchange. That's less than 1%. The preferred shareholders (including the CEO) will get the rest.
The China Hustle, playing the OTC for fools every day. Promising multi-billion dollar businesses who choose to inhabit scammy stinky pink companies and hand over their equity ownership for nothing. This one is allegedly a Chinese LLC (ie - small potatoes) based in a virtual/shared office in Canada.
Whoever is behind the curtains orchestrating this pump and dump hopes the chorus of pumpers will help sell their stock today. The numbers in their "update" are so out of whack with the original set, how do you "miss" on both years of financials (2023 and 2024) like that? And showing a 3% gross profit margin sure isn't a good look... $22M in made up revenue, $700K in alleged profit, $366k in alleged net. 2023 used to show $46M in revenue, now it shows less than $300K.
They're making things up as they go, nothing is real. Don't get trapped.