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I did push for the information while I was speaking with Sara. What I was told is they are waiting on the PR to be approved, nothing definitive except ‘Merger is approved by both boards.’
What I know:
I am frustrated beyond belief
Tom and Sara own about 400 Million shares between them
Tom is notoriously late and lacking with information
Tom keeps BGFT Pink Current
What I am hoping for
News and Company is bigger than anyone expected and the merging company is causing the delay.
$BGFT - I’m going gray waiting...
Email between Sarah and I today:
Good afternoon Sara,
I still have not heard back from my earlier email.
What is going on? I have thousands invested and true to form nothing has happened. I suppose I’m the bigger fool for not cutting my losses and moving on.
All credibility is lost and you and Tom have fleeced my family. I will be in contact with the SEC.
Robert Humphreys
On Feb 15, 2019, at 1:57 PM, Sara Reynolds <slrtax@outlook.com> wrote:
Robert Humphreys
I also have thousands invested. We have reached an agreement with the merging company. We have to wait till they approve the press release.
I truly wish I could tell you more.
Hello Sara,
I appreciate the quick response. I can’t imagine the number of inquiries being received due to the lengthy delay.
I will sit back and patiently wait, heck I’ve been waiting almost a year, what’s another month?
I wish you the best and hope this plays out well for everyone involved.
Once again, thank you.
Robert Humphreys
I also spoke with Sara on the phone today after our email exchanges. For what it’s worth, I’m going to wait and see what happens.
$BGfT - Maybe, one day he’ll run and not trip,,,
You’re welcome,
$BGFT - stretching and getting ready to run!
The Power up lending note was separate, it was the debt announced in an 8K that stopped the previous run.
I believe this is the link to that filing
https://www.sec.gov/Archives/edgar/data/1569568/000149315218011078/form8-k.htm
New Tweet - debt getting paid off!
https://mobile.twitter.com/Godfather_BGFT
That is a great question and I don’t have a definitive answer, I know over the last 9 months (in every situation minus 1) Mr. Biscardi has always followed through (though you can count on him being late) on what he said he was going to do.
The minus 1 was adding shares and debt when shareholders had believed there would be no new debt.
Email reply from Sara Reynolds:
On Feb 12, 2019, at 9:34 AM, Sara Reynolds <slrtax@outlook.com> wrote:
The merger has been approved by both Boards and will be announced soon.
From: Humphreys, Robert <Robert_Humphreys@comcast.com>
Sent: Tuesday, February 12, 2019 10:14 AM
To: Sara Reynolds
Subject: Re: [EXTERNAL] Re: BGFT Merger
Good morning Sara,
I’m following up regarding our previous communication. We are well past the projected approval date of the PR. As you are fully aware tweets co tinge to be sent that are ambiguous and non committal.
What information are you able to provide regarding the supposed merger?
I’m with you, I have almost 8 million shares and have set aside enough powder to wipe out the 5’s. But, I won’t use any of it until a PR and 8K are released. I’d rather chase than hold bigger bags...
You are correct sir. I too had misread the original tweet as PR being released no later than Tuesday.
But, that’s not what Mr. Biscardi tweeted, ‘Press release has to be approved by merging company. Per their representative it will be ‘approved no later than Tuesday.’
Thank you for taking the time to read back over the tweets.
$BGFT
Depends on your broker.
I got in yesterday when it was still double 00’s.
I think a lot of people will regret selling BGFT.
$BGFT
I’m in NNR*, it’s in BEAST mode! I would love to see BGFT run even harder!
$BGFT
Jumped in this morning, looking forward to at least a 10 bagger from here.
I called E*Trade and they said they were waiting in the Transfer Agent,
Unless I’m mistaken, Biscardi and Sara are out of this once the PR and 8k are filed. The new company will be taking over from there.
New Tweet:
clarification 3b total outstanding shares restricted and unrestricted
https://mobile.twitter.com/Godfather_BGFT
More shares for me : )
I’ll buy your shares
New Tweet
Press release has to be approved by merging company. Per their representative it will be approved no later than Tuesday
https://mobile.twitter.com/Godfather_BGFT
New Tweet ‘Merger terms settled, lawyers drafting agreement.’
https://mobile.twitter.com/Godfather_BGFT
I expect him to follow through also. But, he has proven over and over that he can also delay.
I have held and flipped this ticker in the past. It looks primed for another squeeze like last October. When it starts running, she runs quick and hard.
I emailed Sara and I just got a response back from her. I’ve been holding longer than I planned and I’m just ready to see BGFT run, make some money and move on.
Here’s the email I sent along with Sara’s response.
We are working with the merging company to put together a release.
From: Humphreys, Robert
Sent: Wednesday, January 30, 2019 7:00 PM
To: slrtax@outlook.com
Subject: BGFT Merger
Hello Sara,
I am a long term share holder of Bigfoot and I am emailing you to inquire as to whether or not the news regarding the merger is still on track for tomorrow, end of month.
Based on the last 9 months I wouldn’t be surprised to see a tweet that says, ‘Waiting for signatures, paperwork delayed.’
New Tweet: ‘Confirmed Lawyers working on paperwork.’
https://mobile.twitter.com/Godfather_BGFT
Did you load up more 3’s?
Insiders are not selling Tom and Sara own, I believe, close to 400 million shares. Plus, it’s been less than a year since they purchased a decent chunk of those shares. Doesn’t the SEC require a 1year waiting period before they can sell? Regarding dilution for debt, Bigfoot doesn’t have any notes due until April. I believe it was the 8k that came out in May and sank the run Bigfoot was on that stated April of 2019, no dilution until April.
I believe it may very well be the company who is looking to merge into Bigfoot that is buying the shares. Not too mention, Bigfoot is Pink current and has been. That alone says more than some of the other OTC stocks I won and have traded.
$BGFT - still has a lot going for it
I’m of the opinion that the selling is related to the merger.
We need a solid 8k and a LOI
Yes Bigfoot is protected. Bigfoot is popular and big business around these parts, heck there’s an annual Squatch and Beer festival along with Bigfoot related merchandise sold just about every where you go. So considering there isn’t a Bigfoot Bud or Bigfoot Skunk Weed or any Bigfoot related Marijuana is quite surprising. Hopefully that will be changing.
It’s called hope! Hope of seeing Bigfoot run and some green.
I’m thinking a Cannabis play, living in the State of Washington where it’s legal to smoke pot snd against the law to shoot Bigfoot. Lol
It does and I don’t put much weight on anything I read there. I’ve been holding BGFT since May of last year and have been patiently waiting for the reverse merger to happen. Which, the reverse merger has been rumored for 8-9 months now. Though. with the action I saw here over the last few weeks, I believe something is about to happen. Volume precedes price.
$BGFT
Let’s hope so!
Thank you Zalmy, I have learned the hard way to take anything I do here in the OTC with a grain of salt. I appreciate your reply and words of wisdom.
I look up the stocks I own and if there’s anything listed I share the link. I bid sat on CATV Friday to get 3’s filled and I don’t think I’ll be in it long enough to see if it runs up to .001.
Agreed Mr. G., I am also thinking a double buyout. UNGS as a non reporting OTC company is only worth, in my opinion 30-50k for the shell. However, UNGS owns a good deal of GCAN. So, the valuation goes up exponentially. Personally I look at UNGS as a holding company, I believe that is even stated on their site.
AMDAQ, in my opinion, is the tri fecta. I have invested in quite a few different crypto’s and I continue to hold. I believe crypto will be a foundation of the Marijuana, CBD and Hemp industry. You can’t send US dollars to Africa, Sweden, Israel, Taiwan, New Zealand or any other country quickly, easily or at a reasonable rate. However, Crypto does give you the opportunity for instant, seamless and reasonably priced transactions from anywhere in the world to anywhere in the world.
I only wish I had started investing when I could have received divvies. I have been slowly building up my shares of GCAN and UNGS, (small amounts compared to yourself and others on this board) and should have enough by the time these start to run to make life a little easier.
I came across this rumor today:
https://rumormurmursbuzz.blogspot.com/search?q=Catv
Maybe the rumor is true?
https://rumormurmursbuzz.blogspot.com/search?q=Bgft
You don’t find it interesting that while you were trying to contact legal with GCAN you were informed that the person you needed to speak with is in Israel, home of ICAN?