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It is OK for someone here to give hope saying that institutional investors are coming, saying that the stock will get you rich, that it is once in lifetime opportunity, saying that if you hold this stock you are a true investor, and encourage people to invest with faith. There is no injustice here.
Pointing out the fact that most custodials are scams, pointing out the fact that there is nothing that substantiates the market cap of $3 million, pointing out that this company previously was a scam, and that no bank will ever touch this company is an injustice. Even though those things are facts.
Yes, nothing is guaranteed in this world. You might win in a lottery, an asteroid might hit us tomorrow, there is a small chance. Is it likely? One in a million? One in a billion? Has it ever happened before where a legitimate company allowed to be bought by a previous scam? I would say never. At best, this a lottery ticket. At best. Haven't seen anyone win a lottery like this ever before.
Vanguard and Blackrock TYPE institutions would never touch this company. Never.
Now that you said there are institutional investors, please list them, list the year they "invested", the amount they invested, and what their investment is worth today.
Nobody said you cannot make money on a Pump and Dump. It's a free market. Go ahead. Just stop deceiving people that some hard working company doing $25 million in revenue will allow itself to be associated with a scam. They would go bankrupt. No bank would lend them money. How many companies would be willing to sign contracts with them? Enjoy the ride, and I hope you make some money, but it won't change what this company really is.
There is NO information to have this valued at $3 million.
We've got an empty shell, we've got one truck, we've got a scammy past, we've got the majority custodial plays that end up being scams. Chance this is not yet another scam: 1 in a million.
I've got some facts.
What have you got? The hope that this goes to .25 for the unknown reasons? Are you suggesting that someone worth $150 million will do a reverse merger into a previous scam? Even if you were worth $3 million, would you let a previous scam take over your company?
So, what are the legitimate reasons for this to go up? I see only one - Pump and Dump.
Do you know what a reverse merger is to begin with?
From a legal standpoint, Company ABC buys Company DEF, and renames itself to Company DEF. Is Company ABC now gone, just because it changed its name?
Yes. But it doesn't change the company itself. It is like Google renaming itself to Alphabet, or Phillip Morris to Altria. The underlying structure/company didn't change.
Going public 101:
1. You go public to be able to raise capital for expansion.
2. You go to financial investors and exchange shares for money.
3. These institutions then will sell the shares to the market or keep them long term.
4. Which financial institution will invest in a company with a scammy past? A scammy institution. Because there is no way a legitimate institution will invest money into a company with a shady past. Why? Because it will be difficult to sell/recommend the shares to legitimate clients. Nobody wants to be associated with a scam.
5. If you are a legitimate company, how desperate should you be to associate yourself with a previous scam? There are plenty other shell companies that were not scams. Would you, if you had a choice?
Now I am not saying you cannot make money here. You probably have already, there might be even more. Only the one manipulating this stock knows how high it will go, before they get rid of all of their shares. However, I call it for what I see it to be - another scam.
Here is some info on custodianships of pinks and SEC:
https://www.securitieslawyer101.com/2018/custodianship-shells-and-reverse-mergers/
Have a different article? I am all ears(eyes).
Plus, this stock will never get rid of its dark past.
Are you saying there is some magic shield that will prevent SLJB from another scam? Maybe you are also saying there was some special hearing with grad jury? Or are you saying that some mysterious judge will be monitoring trading of a pimk sheet?
Fill out some paperwork, nobody else raises objections, you can have it.
Cool. Please elaborate where I am mistaken.
The keyword in your post is IF.
You also apply Nasdaq or NYSE multiples on a pink stock. With a scammy past. I mean, it sounds all dreamy and cool, but it will never happen.
The custodian is of a very high reputation, and is doing all of this out of his good heart. Got it.
I feel just fine, water under the bridge.
I just don't see it not being a scam again. Sure, the price still might go up, just purely on MOMO and FOMO. I am sure they have a few more PRs lined up, just so they can sell to the traders. If you go in with this attitude, then you can guard yourself from the increasing price clouding your mind. Otherwise, there will be many more bagholders, waiting for another 14 years for another scam to come along.
At 0.005, the stock is worth $3 million.
At 0.02, the stock would be worth $12 million.
At 0.1, the stock would be worth $60 million.
If you had a legitimate business worth $3, $12, or $60 million, would you merge with a previous fraud? Would you gift a large chunk of your company to the shareholders of the fraudulent company?
Rhetorical questions.
So the hope/thinking is that some real company is going to do a reverse merger into a company with a fraudulent past, and in the process gift a large chunk of itself to the shareholders of the fraudulent company?
I keep trying to understand the thinking of some of the traders here. Some of you just straight up said it is a pump and dump, and you are here for the ride. I have no problem with that at all. Some of you keep pushing lies, and then get called out. You don't have to be rich or legit to become a custodian of an empty shell. There is no naked short problem here either. As it is, the company is worth $3 million. It may still go higher, the question when does it crash.
I hope you make all your money back and then some. Make sure you are not waiting another 14 years to get out. I will stay away from this pump and dump. There might be something in it, but the vast majority will lose money.
And as far as the short list, I don't think it works the way you think it does. There is nothing special about SLJB and the fake short sells. Check it for any other penny stock, and it looks the same.
Judging from your responses, you are not expecting a real company to merge into this previously fraudulent company. You are betting that the naked short sellers will be forced to buy the shares back at a much higher price.
Do you have any proof there is a significant naked short here?
You are free to post on topic anywhere. Want to promote SLJB on other stocks' boards? Then we have a problem.
I was a SLJB stockholder once. I was cheated and defrauded. Now that the price is going up, I think I am asking some legitimate questions. By all means, I hope everyone makes money here. However, what are we betting here on? To sell to the new fools? A miracle? Any confirmed or unconfirmed information? Because all I see is hope and how unfair it was to be defrauded. It doesn't mean that the fraud is going to reverse itself now.
Why do think the new custodian would be giving away money to the old shareholders? I mean it would be great if some company decides to reverse merge, but why would any owners of an unrelated company give away a great chunk of their company?
I lost a small fortune with this company back in the day. With all the cheating and fraud, many people's lives were ruined. The stock may go up a bit on FOMO and MOMO, but I don't expect any miracles. There is just too much mud associated with this company.
Could you please explain what you are implying?
Sulja had an institutional investor worth 50k shares.
What are you doing here? I have not posted one message on the SLJB board. You guys can have it. You, on the other hand, selling a pipe dream here on SPRL side. 20 cents? Based on what exactly? LOL. That would make your valuation $120 million. Which investor in their right mind would put REAL money into a shell company that has a scammy past? When they can have one with a clean past for the same price? If you built a company worth $100 million would you merge with a company that has nothing but scams, fraud, and poor decisions? For your sake, I hope that I'm wrong, but it has a 'scam' written all over, all over again. Good luck, and please stop posting here.
"Peter Vucicevich sentenced to 3 years in Sulja Brothers stock scheme"
Sulja was/is a scam. You can google it yourself. Linking to someone else's webpage is as easy as counting to 3. They could have easily linked to Google, Apple, or Microsoft, and say they are merging. Not really saying that they are merging with Apple, and at the same time implying so. I would not trust ANYTHING coming from Sulja, a known scam artist.
1. This would not really make any financial sense, since SLJA is already being traded. You merge one empty shell with another empty shell, and what do you get?
2. I am pretty certain SLJA was/is a scam. No self-respecting company would ever touch it with a 10ft pole. They swindled investors out of millions of dollars. Please correct me if I'm wrong.
3. god, I hope there is NO association whatsoever.
I was getting an error message, saying "not authorized". So if other people can access, then all good.
Nothing is going to happen for at least a couple weeks. At least.
You should stop posting charts that 99% of people cannot access.
You could either describe what you are posting, or link to some other free charting service.
Just settling the books. The trade was made earlier, and just not posted. Nothing unusual.
We have a Golden Cross. This is going to run. Biggly. Maybe in a few days, or maybe in a month. But it will run. So enjoy the dips.
Have a document to back that up?
Would be nice to see a Golden Cross this week. For that, we need to move into the 40s.
Fingers crossed.
What would be a reason to merge an empty shell SPRL with BFCH?
Makes no financial sense. Buy the shares of two companies and combine them into one? That would be an incredible waste of money.
At the same time, both SPRL and BFCH move in tandem most of the time, with SPRL often being a few days late. For now anyways. Also BFCH has 200mil, SPRL has up to 1500mil shares. Adjusted for the amount of shares, SPRL's trading volume is also much lower. Not sure what Spencer has in mind for SPRL, but currently BFCH has a lot more going for it. There are financials, lawyers, plans, miners, etc. SPRL has nothing yet.
Depends what is "more" to you.
Life savings or rent money? Definitely NO.
Some extra cash that wouldn't ruin your life if you lost it, then it is a "maybe".
Again, this is a start-up in a high risk sector. There is a million reasons this business could potentially fail, even if at first successful. Government regulations, better newer miners making ours obsolete, BTC tanking, electric and cooling problems, Covid, and so on...
In other words, don't invest money you cannot afford to lose. Take out profits(or at least the money you invested) along the way.
This is a pink stock. It is all speculation and hope. Once everything is in order, it is too late to buy in. What else do you expect?
He is just a custodian for now. It is his choice what will happen to this stock. Whatever he does has nothing to do with SPRL. He may become a CEO and start some kind of business. Or, more likely, he will buy up most of the shares and sell them to a company that would like to go public. That was the original intention, as he himself posted the link to sprlmerger DOT com. It should easily surpass the previous high, but just keep in mind that nobody likes to give away money :)
Filings mean they go current and that means they become a legitimate reporting business. That adds a ton of value to the stock.
It is an empty shell. A ghost with no assets, no people, and no business whatsoever. Zero revenue. Zero profit. Zero activity. The hope is that the shell will be sold to some real business that would like to go public. The term for that transaction is a "reverse split". When and if it is ever going to happen, is anyone's guess. However, judging by the price movement over the past year and half, someone is buying up the shares, and already spent over a million to buy up the shares and prop up the price. Someone has a long term plan for this "empty" stock. There are lots of risks, but at this point I would bet chances are something good will happen. Just don't get too greedy.
Golden Cross probably coming this week.
Fireworks on Friday?
Today most likely is a down day.
Just so the chart doesn't overheat.
A little dilution is absolutely fine. There are no stocks that do not dilute at all. It is what you do with the money that matters.