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Scam. China Hustle on the OTC. No multi-billion dollar company is merging into a stinky pink shell company and handing over their equity ownership to the bagholders of that shell. That would be a monumentally stupid thing to do, and they didn't get to be a multi-billion dollar company by being stupid.
This is a pump and dump and nothing more, con artist pumpers singing the fairy tale theme song in a chorus while they pick your pocket.
https://en.wikipedia.org/wiki/The_China_Hustle
They only did that so they can remain in business during the process of turning it over to their lenders. Had they filed Chapter 7, they’d be shutting down completely.
I’d say neither the pot nor the kettle have a case.
These guys sold a bunch of stock from the offering and a couple following shortly after, built up a nice pile of cash to pay themselves for a few years without having to do anything.
Oh, no, I didn’t blow it at all. This is a scam, a China Hustle pump and dump, and nothing more. The little wash trade walk up yesterday changes nothing. No multi-billion dollar company is going to merge into a stinky pink shell and hand over their ownership to its bagholders.
Surprised it got out of the $120-145 channel it seemed to be in for a long time. I'd be a nervous buyer at $190.
There’s a chance, but any buyer would have to offer more than they owe for shareholders to see any recovery, and if it was worth that, they wouldn’t be bankrupt.
That guy states things as fact that aren't. What I stated about FTD's is true, if a share isn't delivered to the buyer within 3 days, it is an FTD by definition, and those statistics are reported to and published by the SEC. You cannot hide a naked short position past the settlement date of the trade. Even if the fairy tale of "naked shorty ruining my PPS" had legs, if someone had figured out how to hide from the FTD reporting, why in the world would they choose a stinky pink sub-penny stock to do it on?
Yep, and all those folks got caught, now, didn't they? Know how?
Any share sold "short" that doesn't get borrowed or covered within 3 days becomes a failure to deliver (FTD). You cannot hide it, because the buyer of that share expects it to be delivered. All this crap about naked shorty affecting the PPS of these POS pump and dump stocks is just a fairy tale told by the con artist pumpers to divert attention away from their profit taking.
Being on the breakout boards is just a function of numbers of posts. The formula is at the bottom of the page:
Short volume is meaningless, just the market makers doing their jobs to provide a market, and they cover almost instantly for the vast majority of those trades marked "short." Here's what FINRA says about that:
https://www.finra.org/rules-guidance/notices/information-notice-051019
Clear dilution...
And still without a whisper from the company about the offering.
I give you credit for looking at the correct number, and it did go down, but short interest on this stock is way less than half a percent.
Short interest 91,997
Average volume is 43M shares...
https://otce.finra.org/otce/equityShortInterest
Nobody is shorting this POS
LOL... post about the wash trading and how the bid dumps exceed the ask slaps and the wash traders take notice....
Here's the share exchange agreement. Note how only the preferred shareholders of EMGE get anything from it, specifically they get preferred shares of KOAN that convert into 93% of KOAN equity. KOAN will own the preferred stock of EMGE, the common shareholders aren't included. The only mention of the common stock of EMGE is on page 26 of this agreement, you can read it for yourself and probably should since these con artist pumpers would rather you didn't know about the pending RS of the common stock of EMGE. This was published on February 20, 2024, so it is current, meaning the RS is still pending. If it wasn't, they would've said so:
http://archive.fast-edgar.com/20240226/AP22U62CZ22R7ZVZ2A2C2ZY2RDIMRZ22Z262/ex2-1.htm
Speaking of manipulation:
Bagholders trying to dump their bags, 39 trades all day long, more than 2X's dumps on the bid vs ask slaps, clearly a sign of a walk up.
Meanwhile this "merger" was supposed to close a week ago and had nothing for the common shareholders of EMGE and KOAN.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173961382
So, that means you don't want to compare track records?
Neither did they.
"False claims?"
Tell you what, cupcake, anytime you want to compare accuracy track records with ANY of the so-called bashers, their calls of scams vs your calls, we're ready.
Blah blah blah...
Here's all that anyone needs to know about you:
Read the link… they’re turning the business over to their creditors, which means the stock will be cancelled.
He used to keep track of it...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173445715
Lies? Misleading? Tell you what, cupcake, anytime you want to compare track records, my scam calls vs your endorsements of those scams, I'm ready.
In this one, the share exchange agreement is clear. Only the preferred shareholders of EMGE get preferred shares of KOAN. That's it. Then only mention of the EMGE common shareholders is on page 26 where it mentions the RS that is still pending.
Get real... "sweet close"...
49 trades all day long, and the last one, the one that is still dripping with paint on the tape from $0.0014, was a $22 trade.
$22....
People can read. They know the EMGE common shareholders got nothing from the share exchange agreement, but you keep pumping. Maybe you'll be able to dump your bags on someone.
Dilution.
It's several notches below "lying on a dead one just to get responses for half a decade" on the "interesting" scale. It's way way below "posting about those fighting the liars," but not taking issue with the trolling at all. I'd hate to be that guy.
"Fighting the liars" is fascinating, so they spend their time trolling and lying just to see if I(we) will continue to "fight?"
Gotta tell you, there, cupcake, that sounds a lot more pathetic than just responding to the trolling. Much rather be "fighting the liars" (at least you admitted that) for any period of time than on the other side of that. Wouldn't you?
You don't have to answer that.
Yeah, sure, whatever you say. Meanwhile, here you are, entrenched as ever, and whose only posts are about posts. That’s such a better way to spend time than replying to trolls, right?
Keep telling yourself that.
No, just fascinated with the latest pumper acronym.
Yeah, no kidding...
Anybody here that has a direct contact with an SEC investigator, between myself and Buckey have documented enough evidence to look under the hood of it. Report emails to NASDAQ/FINRA obviously aren't getting it done.
Some of the folks here need to realize they're just being trolled by others whose only joy in life is the response they get to their BS about posters posting or the relentless google hits on the bio-chemical industry. None of them ever believed the fairy tale of a buyout, in fact they were either in on its fabrication or were part of the "good things are coming soon" con artist chorus.
Today's robot play toy is SBFM, one of the first ones that I noticed the phenomena on a couple years ago. Traded 500M shares on an O/S of 25M, PPS up 166%, and they just recently announced both an offering and a RS. Whoever(s) this is is brazenly making a mockery of the US capital markets.
Automated wash trading. Don’t get trapped when they turn their computers off.
Well, the RWOD shareholders have already redeemed about 70% of the stock originally issued as of the proxy date, so it isn't exactly a vote of confidence. Counting the founders shares, this $10.95 stock is about to be diluted 100% to acquire a $6M company...
"Casting doubt?" Just a reality check.
When ANEW moved into this shell, they gave their owners preferred stock convertible into common shares at 100:1. They announced a RS of the common stock of 1:2500. The intent of those two things was to ensure the folks who owned ANEW privately would wind up owning the bulk of the equity in LEAS, which makes perfect sense. The CEO has about 30% of the ownership, so you'd expect him to keep it. Stock was dead, though.
Enter in the RWOD SPAC, which had already had 1 or 2 failed business combinations, mainly because the target companies weren't worth it to the RWOD shareholders. They make a deal with ANEW, somehow assign a "value" of $60M to this company whose stock is dead on the OTC and, even if you overlooked the walk up wash trading over the last couple weeks, is still trading at a market cap of about $6M and with an asset value of less than half that. The deal has dragged on, and all the while the RWOD shareholders are redeeming their stock (returning it to the company to get their investment back) and ANEW/LEAS has been sitting doing nothing because they have no money to do anything with.
Up until recently, the RS of LEAS was still mentioned by the company, now the only thing they say is they don't need it. They don't need it because, if this deal goes through and they get RWOD shares to distribute, they can just go ahead and give the bulk of it to their preferred shareholders, the ones who actually invested in ANEW when it was private. The CEO controls the vote and can do that, and it is well justified as described above. That's why there's nothing whatsoever about the distribution of those shares in any of the documents, they'll use a formula to divide between preferred and commons that will give the same results that the RS would.
That's if the business combination even happens. The shareholders of RWOD have to be looking at this proposal and rolling their eyes. Put yourself in their shoes, to let this $6M company inhabit your SPAC, you have to allow the dilution of the stock of nearly double the current O/S and that company gets to keep whatever cash is in the treasury. No way no how would I vote for it, I'd take my investment back and walk away. So would you.
OK, we're speaking of different things. I'm speaking of realized losses, long or short, in a given tax year. Those can be applied to the other category to offset gains in that tax year without limitation. There is a $3000 limit against "other income" if there are excess losses, and any losses "left over" can be carried into later years with that same $3000 limit. Read that article I linked again.
$3000 is the limit for a net capital loss, not on the application of long term losses against short term gains (and vice versa).
Yes, if you have net short term capital gains and "unused" long term capital losses, you can apply those losses to the short term capital gains (or vice versa).
I looked for a good description for you that wasn't IRS jargon. Hope this suffices:
https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8
Short term capital gains are taxed as ordinary income, meaning if you have a job other than posting on iHub, those short term gains will be added to your other income.
Intentionally misleading once again.
Your document says the board had to decide by September. The board met that requirement and settled on a 1-5000 RS that is still pending. Since then, they've mentioned it again in their latest financial report under "subsequent events" and in this latest share exchange agreement. If they'd decided not to do it, they sure wouldn't have mentioned it in those two documents, especially the last one.
You're just lying to people to try and get out of this POS stock.
Hogwash… Once again, here's the share exchange document:
http://archive.fast-edgar.com/20240226/AP22U62CZ22R7ZVZ2A2C2ZY2RDIMRZ22Z262/ex2-1.htm
It says the preferred shareholders of EMGE will get preferred shares of KOAN that can convert into 93% of the fully diluted KOAN common shares. KOAN will own the preferred shares of EMGE which can convert into nearly 1B common shares of EMGE. Page 26 says this, in black and white: