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Low volume walk up hoping to get out of this thing before they figure out the deal isn't a goldmine for anybody.
What the heck are you talking about? There is no IPO and no "quiet mode." That "I" in IPO means something, and this company is already publicly traded.
Trip flippers are back hoping to pump this even after the company has wrecked every train and set every dumpster on fire since it inhabited this shell.
He has zero knowledge, spends all his time in complete denial googling up documents from other companies that this one has zero affiliation with and general information on processes unrelated to Chapter 7 bankruptcy proceedings. He refuses to read up on what Chapter 7 is and how it ends every time by law, with the complete liquidation of all assets and the shutdown of this company.
Here, I'll get you started:
There is no "another year." Immune Pharmaceuticals is in Chapter 7 bankruptcy, being completely liquidated and shut down. Nobody works for this company, and the only people working on it are the bankruptcy trustee and associates. You do not emerge from Chapter 7 bankruptcy, you do not get bought, companies end 100% of the time by law.
All this crap from delusional social media posters sis simply deep denial, spending their time researching companies that FKA IMNPQ is not associated with whatsoever instead of using that time to learn what Chapter 7 bankruptcy means.
The reason those companies chose to de-list onto the OTC was they didn’t want to open their books to a real audit… imagine that…. Chinese companies don't want anybody over here looking at the books.
https://www.atlanticcouncil.org/blogs/econographics/delisting-chinese-companies-from-the-new-york-stock-exchange-signs-of-decoupling/
The reason those companies chose to de-list onto the OTC was they didn’t want to open their books to a real audit… imagine that….
https://www.atlanticcouncil.org/blogs/econographics/delisting-chinese-companies-from-the-new-york-stock-exchange-signs-of-decoupling/
The only “major fact” affecting your situation is the Chapter 7 bankruptcy proceedings and associated liquidation and shutdown of the company your investment is in. That investment is a total loss.
There is no SPAC associated with Immune Pharmaceuticals at all. You made that up and scour the internet for irrelevant information instead of developing an understanding about what Chapter 7 is and how it ends 100% of the time.
The bankruptcy case for Immune Pharmaceuticals has absolutely nothing to do with Dr. Teper or his companies.
They're getting pretty brazen, won't be long until they get caught.
I'll paraphrase your questions: "Can you prove that the scammers that have run scam after scam on this ticker aren't telling the truth?"
So... here's the deal... here's what the scammers said was happening...:
Looks like this one was the robot pet today, wash traded it and trapped some new bagholders
I couldn't care less what any con artist pumper thinks about the posts I make. I'm not here to save them or you, just informing the naive newbs those pumpers rely on for their profits who stumbled in here that they're being scammed out of their money.
The record isn't "broken," nor is there any sort of desperation. Check out my track record, it's 100% calling out scams. If the logic that I'm putting out there is escaping you, probably should consider reading through it again. It's the truth, no thriving multi-billion dollar Chinese company that nobody ever heard of and that, if you Google the name that was included in the financial report, the top hits are all pumper posts on social media, is going to merge into a scammy OTC pink sheet shell company. It would be stupid to do so, and it's just that simple.
It's a scam.
Dude, you're pumping it now. Your mission is to be the username that questions anyone who points out the scam. Good luck with that.
Once again, legitimate companies who are privately owned (100%) don't go public just to be public. There's no reason to do so, despite the fairy tales you read on the OTC, they don't need "foothold," especially not one with a horrible reputation. If they choose to go public to raise money, they'll do it with a proper IPO so they can sell stock and keep the proceeds for themselves and their company growth. They absolutely won't merge into an OTC stinky pink shell company and adopt bagholders holding billions of shares of stock, it would be stupid to hand over the ownership of their company to people who haven't given them a plug nickel.
They aren't listed, the OTC isn't an exchange. They aren't going to pay off a bunch of debt and adopt a bunch a bagholders when they could just create a new corporation and issue stock for sale, they get to keep all the proceeds that way.
I'm telling you it's a scam, but you already know that and are pumping it.
The folks who own multi-billion dollar companies aren't going to merge it into any shell company, much less a scam shell company, and give ownership to a bunch of bagholders who fell for the prior scams.
A thriving, multi-billion dollar company isn't going to use a scammy OTC shell trading at a penny to raise capital. That's just absurd to even suggest.
Because the scammers put them there. That's how the scam is done. Gives the con artist pumpers something to blast all over social media.
Google China Hustle....
No, a multi-billion dollar company isn't even merging in some subsidiary into a scam stinky pink OTC shell. Why would they?
Companies don't go public just to be public. They go public to get access to the public markets, sell stock and raise money to grow their company. Any legitimate, thriving company with a multi-billion dollar value isn't going to even consider a stock with a legacy of scams and with a bunch of bagholders already in tow that's trading on the OTC at a penny to accomplish that. It would be stupid, and they're obviously not stupid.
No billion dollar company is merging in here. That's complete BS, a scam fabricated by con artist pumpers to flip the stock.
The only way a real company can RM into an existing share and maintain the ownership of the company they built is to wipe out the legacy stock from the previous business. The people who hold those shares didn't give the incoming business a plug nickel and don't really deserve partial ownership of the new venture. That wipe-out is usually a large reverse split affecting only the common stock while the new company owners holdings are unaffected.
That description they gave is confusing, but it seems to imply the owners of Reachout are going to own the vast majority of the stock in this ticker. How they're going to get there is vague.
The O/S noted in their last disclosure was 2.4B (end of September). They've added 1.6B shares since. It's a scam.
This ain’t no SPAC. SPAC’s sell stock to the public and build a huge pile of cash to give to the incoming company. This scammy stinky pink shell doesn’t bring anything like that to the table.
Scam, con artist pumpers singing in a chorus about the China Hustle on the OTC, complete with a fairy tale merger of a mysterious Chinese company whose owners just can’t resist handing over their ownership to a scam OTC shell.
Well, there were people who believed it during the offering and uplist, that despite the price on the market, the underwriter was going to set whatever price they wanted.
That's hilarious... what a scam...
Anytime you see a bunch of con artist pumpers singing in a chorus about a thriving, multi-billion dollar company merging into a scammy OTC shell company and handing over the ownership of that company to the bagholders of the previous scams run on the ticker, it is just another pump and dump.
That's because what you see on the OTC for Nintendo is an Advanced Depository Receipt, and not the stock directly. It's a Tier 1 ADR, so there are no reporting requirements for it in the US, highly speculative, and OTC Markets would put up a yield sign since a potential investor would have to track down the business performance information themselves (easy to find on google).
That's very different from a US based stinky pink scam stock...
https://www.investopedia.com/terms/a/adr.asp
Not sure I understand why they'd waste their time with an offering priced at 73 cents when anybody that wants a share of stock can buy one for 14... I know the 73 is the midpoint of the range $0.30 to $1.15 assumed, but I don't get how they'd expect a range whose bottom end is double the current PPS. Maybe @TenKay can explain
Because it was absurd... the owners of thriving, multi-billion dollar companies do not merge the companies they own 100% of into scam stinky pink shells so that a bunch of con artists pumpers can take over that ownership, nor do they "play" the scam stinky pink pump and dump by buying into the stock, then announcing they're merging their company in.
Something weird with the ticker FINRA has vs how the stock is really trading "over there..." and, well, not trading "over here."
Here's the real history, and it's in Euros, but the PPS and volume is reflective of the last RS listed in FINRA:
https://finance.yahoo.com/quote/ALPHA.PA/history/
This tells me the US ticker is some sort of "dummy" and the real action, or rather major dilution, is happening over there.
You think that a multi-billion dollar company's owners took common stock of this stinky pink scam shell as payment for their billions of equity ownership of their thriving company?
That's just stupid to even propose...
It's a scam, a complete fairy tale, a fabrication. No legitimate, thriving, multi-billion dollar company is going to merge into a scammy OTC shell and award its bagholders with equity ownership in the company they built and own. That would be monumentally stupid. All that exists here is a mention of a mystery Chinese company in their financial report without citation as to who or what it is, and the con artist pumpers have built up a whole narrative connecting dots that aren't even in the same coloring book. Nobody believes that crap.
It's the China Hustle on the OTC (google it), a complete scam.
Since that financial report, the company has issued an additional 1.6B shares into the O/S, no accounting for who got them. You'll only see that when they publish their annual report, over a month away (very convenient timing while they ride out this scam).
21 trades all day long, and you're seeing some sort of hidden meaning?
Sure....
Con artist pumper math....
There is no multi-billion dollar company merging into this scam shell and handing over their ownership to the bagholders of the last scam run on this ticker. That's just absurd to even suggest.
This is just another stinky pink pump and dump, and after the pumpers have walked the price up a bit, it's just a game of flipper chicken now, who'll blink first.
Not a chance. It is automated. Nearly 900K trades today, O/S turned over 30X's, on a stock that was very lightly traded. You don't turn an O/S over that many times in 1/2 a trading day without automation.
They've already turned the knob down, when they turn it off, the trap's been sprung.
Oh, please. You don't turn the whole O/S of a stock over 30X's on any trading day, much less before lunch, without automated wash trading, pure manipulation. That's every share issued and outstanding changing hands, on average, 30X's in less than 3 hours. Not a chance in hell it's legit, and they will turn their robots off and trap a bunch of new bagholders with grossly overpriced stock.