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AND, IF Ostendo does effect a merger, SYSX either relies upon rile 144 (6 months) OR Ostendo puts SYSX shares on an S-1 or S-3. Even as Preferred, they can list those shares or cause a conversion to common with an amendment.
Ok, we seem to not understand valuation, so, let me help. Yes, SYSX is getting shares of a now private company. Just because the company is private does NOT mean it do not have value. True, they cannot LIQUIDATE the shares IN THE PUBLIC MARKETS to monetize, BUT this does not mean that they cannot do anything with the value of the stock. There are banks and other markets in which they can, IF they so desire, receive cash or loan against the stock's value strictly due to who the company is that they hold the stock of. There are banks that specialize in private holdings. In a pinch, they can cash out, and certainly they CAN put the value of the Stock on their books upon receipt of the stock. Private companies are not worthless because they are not public.
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NOT ABLE TO CLEAR YOU OTC CERTS/STOCK? WE CAN HELP. WE DON’T BUY AT A DISCOUNT, WE WORK TO PRESERVE THE VALUE OF THE ASSET.
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SYSX was not supposed to merge with Ostendo. Ostendo was to merge with a SPAC or IPO, NOT Merge with SYSX.
FROM DEEP BLUE
Deep Blue
@DeepBlueEquity
·
Jun 10
$SYSX If Ostendo announces SPAC deal ...SYSX receives $68M worth of Ostendo shares.
They owe debenture holders approx $15M... they could easily take care of all debts and the raise and R/S would not be needed...something to think about
LOOK AT THE FILING. They can either do a reverse OR increase the shares only. They want to increase the authorized to 3 Bil. Now, that being said, IF the vote also includes a reverse, then they will decrease the authorized back to the 500 mil. Either way, they are making room for the conversion at the time when he is set to convert.
At this time, there are not enough shares for Biggings to convert and dump.
Has it occurred to anyone that there are a lot of people who own shares from the .0007 range who sit at a profit and are taking their $$ off the table. Also, there IS a large short position INTRADAY that takes 25% or more of the volume. Why are they shorting? Because they can. Nothing deeper than that.
At this time, there are close to 500 mil authorized and they are almost all issued and are in the float. There are no more shares to convert/ issue.
I will not attempt to predict what will happen in the trading before the proxy is voted on, but instead of blindly speculating, look at the obvious first.
THIS CASE HAS NOTHING TO DO WITH LAURA ANTHONY, PLLC!
This document is NOT Against Laura Anthony. READ IT AGAIN! The attorneys on the defense side are
Joseph M Laura
Anthony R Sichenzio
Walter Gil D Rubio
These attorneys are not associated with LAURA ANTHONY'S Firm.
Please look at things before you post! This is inaccurate information.
Check out my post on MOMO Boards regarding GRNQ.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168869192
GRNQ ready for a SHORT SQUEEZE
HITTING THEM AGAIN WHERE IT HURTS!
SHORT SQUEEZE POTANTIAL GRNQ
BORROW FEE RATES ARE 20.07% - 20.56%
https://fintel.io/ss/us/GRNQ
which indicates that it is more expensive to borrow GRNQ shares to short.
33% OF THE DAILY VOLUME IS HELD IN SHORT POSITIONS
Some buying that occurred brought the price from .37 to .49 last week which indicates that on lowish volume this stock can MOVE!
This is primed for a SHORT SQUEEZE
https://www.shortablestocks.com/?GRNQ
SHORT SQUEEZE SCORE IS 100%
AND INDICATIONS HERE REFER TO AN UPTREND
https://tickeron.com/news/18578683-greenpro-capital-grnq-0-36-rsi-indicator-left-the-oversold-zone-on-may-11-2022?utm_source=stocktwits_free&utm_medium=news&utm_campaign=TA_RSI_14_CROSS_30_BUY&utm_term=Stock_120455_GRNQ&utm_content=9501768
12 MONTH PRICE TARGET IS $8.00
https://marketingsentinel.com/2022/04/16/greenpro-capital-corp-nasdaq-grnq-now-carries-a-12-month-price-target-of-8-00/
GRNQ ready for a SHORT SQUEEZE
HITTING THEM AGAIN WHERE IT HURTS!
SHORT SQUEEZE POTANTIAL GRNQ
BORROW FEE RATES ARE 20.07% - 20.56%
https://fintel.io/ss/us/GRNQ
which indicates that it is more expensive to borrow GRNQ shares to short.
33% OF THE DAILY VOLUME IS HELD IN SHORT POSITIONS
Some buying that occurred brought the price from .37 to .49 last week which indicates that on lowish volume this stock can MOVE!
This is primed for a SHORT SQUEEZE
https://www.shortablestocks.com/?GRNQ
SHORT SQUEEZE SCORE IS 100%
AND INDICATIONS HERE REFER TO AN UPTREND
https://tickeron.com/news/18578683-greenpro-capital-grnq-0-36-rsi-indicator-left-the-oversold-zone-on-may-11-2022?utm_source=stocktwits_free&utm_medium=news&utm_campaign=TA_RSI_14_CROSS_30_BUY&utm_term=Stock_120455_GRNQ&utm_content=9501768
12 MONTH PRICE TARGET IS $8.00
https://marketingsentinel.com/2022/04/16/greenpro-capital-corp-nasdaq-grnq-now-carries-a-12-month-price-target-of-8-00/
Please Pm me your mobile.
Who have you tried?
Please see PM.
It is usually the OPERATOR that has to get the licensing anyway, not the owner.
Wow! Next over...
A little education in this industry will help here.
Difficulty in finding an operator....Not very difficult...There are lots of operating companies who can do this.
Also, I believe these mines are already proven. IE: They have been mined and have proven to have reserves, so, the reserves are there.
So, with a good operator to mine the coal, which is I believe proven to be there,um, next is the selling of the coal, which also is not difficult for a company with SHIPS available to them to transport. They can transport cost effectively.
So, where is this supposed scam? Because the company HAS TO put in a disclaimer that says they may fail. They have to, everyone has to....every filing that has to do with the possibility of greater or lesser revenues, in FUTURE text, has to say, they may fail....this is HONESTY..They may fail....it is the ratio of failure possibility, which is low in this case.
Should this even warrant a response? evidence please.
Well guys,
I do not know why this is even being discussed as the halt and grey sheet matter had to do with the NASDAQ itself and NOT the SEC. Lets keep the facts correct.
Ummm. I don't think Ironridge paid 25 mil for anything. According to this filing,, they only paid 2.5 million and not a penny more since.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10035101
I see a problem here.
Oh, PLAAeeese! Iron Ridge dodged a bullet on a tech! Give everyone here a break!
The explanation for that is in the filings.
In any organization, whether it be a company or a church, which has an "inner circle" or officers, is often a tightly knit group with people whom have various duties. When a member passes, and that member was in charge of xyz portion of the group, then the other members, in order to keep things going, have to sort out the things that member was involved with. Since, in this case, it was the CFO, and his job was to deal with the financial aspect of the business, it is a logical assumption that he was there because he was able to navigate the financial portion of the operation.Being that, that also means that the other members had him there for that purpose because he was best suited for it. Whatever opinion you may have regarding his qualifications etc. does not have anything to do with the structure. He was the CFO. He had the financial records. He is gone, they have to sort through said records. That takes time. GACR is not an idle company nor a simple one. So, they needed more time to sort. This delay is not "frivolous" and any reasonable organization would have done the same, given the circumstances. Also, such a loss had a bit more of an impact than just the practical. They are human and not just a "faceless" company. If it was a close associate of yours, how would their loss impact you? Even large companies give a few for the loss of a close associate, especially in an important position. The world is not made of robots.
Don't know what you are driving at? The fellow passed. Whether it was an accident or natural causes, they choose not to disclose. If you are asking if he committed suicide, short answer is no. So, death happens all the time. It is part of life. There is no need to continue trying to speculate on it. He died, it wasn't suicide. short answer.
Hello All: Again I will state that this is Anthony Saviano and that I do not post under any other username.
It is obviously difficult to sit by and watch your name be drug through the mud; however, my ego is not the issue here.
The issue is and always should be the shareholders.
So, as I’ve looked at this board, I’ve tried to think of anything I can say to clarify the issues / to be of assistance to the shareholder’s want and need of information.
With-out getting into all of the back and forth of every issue, what has happened here is fairly straightforward.
The decision to take the company public quickly was made. It fell to me to locate a suitable “shell company” to reverse merge into. I vetted FGBF and found that it had no liens, no law suits, no toxic funding and its’ share structure was acceptable. What has caused the problem is FRAUD from Al Reda in that he illegally hid the facts of his holdings under multiple names and companies. There is no guard against this type of fraud.
One poster mentions that the share price fell when I was Director. He fails to mention that it ROSE under my leadership first. For the first time in YEARS, the shares of this company had some value. Then the share price began to fall. It was THIS that made me begin to investigate what was going on as I NEVER DILUTED ONE SHARE into the marketplace while Director. As my investigation began to get closer and closer, Al Reda got more and more aggressive and refused to cooperate with me.
About this time, the bond that Mr. Bannister and I had fought so hard to win, was nullified by the IMF.
Mr. Bannister and I were under extreme pressure. We had a share price mysteriously falling, our funding for all of our projects had just fallen through and yes, we were disagreeing about what to do about the problems.
Al Reda used this weakness in leadership solidarity to get to my partner, Mr. Bannister and convinced him that he could help the company. Mr. Bannister agreed to sever our partnership and formed an alliance with Al Reda. I will not address all of the legalities or lack thereof of this action here; but, I will say that I made a decision to not fight it as I realized I could only hurt the shareholders by more infighting. I believed that for the company to pull out of this tailspin, it needed to move forward with as few additional problems as possible.
And, from Mr. Bannister’s news releases, it seems that the company was moving forward with the business plan that BOTH Mr. Bannister and I formed.
Mr. Bannister cannot be held responsible for FRAUD committed on him by Mr. Reda. Nor should I be made to be a scapegoat for the illegal activities of this man.
If Mr. Bannister has done what he says he has done, the company can move forward. As I’ve stated before, I do not think Mr. Bannister would commit fraud and for the sake of the shareholders, I sincerely hope that he can recover from MR. REDA’S fraud. Mr. Bannister has some weighty decisions to make about how to move past these problems and regain share value for the company’s shareholders. And I hope that he figures it out and all comes out clean in the end.
In the meantime, until you have FACTS to prove Mr. Bannister has in some way participated in fraudulent dealings, it would seem to be in your best interests to get behind your CEO and support him during what must be an extremely difficult time. You can only increase the risk of failure by attacking him when he is down.
Finally, I would like to apologize for any mistakes that I made while Director of this company that in any way contributed to the problems the company faces now. I had my reasons for the decisions made and I will not take blame for other’s fraud; but, in the end, it was my decision to use Al Reda’s company to go public and that was obviously a mistake.
You know, it’s ironic that all of this has happened to me. As a businessman, I’m pretty old school when it comes to morality of a company. Fraud in the markets is one of the few issues that can get me frothing at the mouth pretty fast, it’s just so WRONG. Because of this, all whom know me, know that when Mr. Bannister and Al Reda joined, I continued to work on my own Real Estate company and have stated that I will GIFT shares of my company to all whom invested in FGBF due to me, if they lost money. I have to figure out how to do this fairly and legally; but, it is my full intention to try and mitigate any loses the shareholders have suffered due to their investment in a company I was a part of. This is called accountability. This is called fair.
The company is WORLD CORPORATE ASSETS (WCA) and we are still a start-up. The markets have just been vicious, as so many can attest to; BUT, it seems we are starting to pull out of the financial tailspin the country has been in and banks / investors are finally beginning to cautiously lend again. Currently, WCA is in the final stages of an acquisition for a resort hotel. Once this acquisition is complete, the company will have some value to it and the process of taking it public will begin. Before WCA goes public, we should all know what is going to happen with FGBF and I will make sure the shareholders interested in shares of WCA will have them in hand.
Until then, try to remain as positive as you can and please understand, that, at least as far as I’m concerned, I’m on your side and will not abandon my responsibility to you as your former CEO.
Johnny,
If I am the former director that you are referring to, I can assure you that I only post under the username of stockguy_1969, this is the name I use for every forum as it is considered a deceptive tactic to post under more than one name.
We may have had a fatal difference of opinion on how to move the company forward; however, we were friends once upon a time and I certainly wish you no ill.
For the shareholders out there, I can tell you that the time I spent working with Johnny, was just that, a lot of hard work. He and I worked tirelessly to get properties under contract and to get the company funded. And we succeeded. Our success was short lived due to no fault of our own as the IMF stepped in and cancelled the bond we had been awarded.
Shortly before that, we reverse merged with FGBF. We were in the process of moving the company forward, the stock price went up …… and then plummeted. When I researched why, I found that Al Reda had not disclosed (during the pre-merger disclosures) the amount of stock he owned and controlled in the company and that he was quite possibly selling shares into the market.
At this time, Johnny and I had our disagreement about the company’s direction and Johnny decided to continue the business with Al Reda instead of me. I tried to warn him that Mr. Reda was no good; but, trust had been broken between us and he didn’t believe me.
In Johnny’s defense, it is I whom brought them together. Johnny would have never gotten involved with Mr. Reda if it were not for myself getting connected with Al Reda as I was looking for a shell company for us to reverse merge into . So, there is not some big conspiracy on the how and why of Johnny’s association with Mr. Reda.
Personally, I would be shocked to find out Mr. Bannister had any knowledge of any illegal activity. During the time I worked with him, I knew him to always be with-in the boundaries of the law.
We came very close to achieving great things with this company before; so, I have no reason to believe that he has lied about any of the company’s recent achievements.
For what it’s worth, I believe that this SEC investigation could be just the thing the company needs to fix the problem with its’ share price. The freeze that 1st Global put on all shares owned by or controlled by Mr. Reda was a brilliant and necessary move to protect the company and its’ shareholders. All the company needs to do now is answer any remaining questions the SEC may have, file a 15c211 with a Market Maker to get off the grey sheets and complete their business plan to bring value to the shares.
For everyone’s sake, I sincerely hope that this is the direction that this company will be able to take.
Hi,
I would suggest you call the CEO. His number is: 773.524.
2550. When asked about this, he said he spoke to the transfer agent about that block of shares. I'm sure he would be interested in your side of the story. However, regarding the Irish Government, as you can see, they DID SAY they are looking to work with us and further news will reveal more soon, I'm sure.
Mr. Jones.
Whatever problem you personally have with Mr. Reda and GDTK has nothing to do with the present principals.
So, please refrain from such blatant accusations without any foundation.That, sir, is slanderous.
IF you do not understand the offer, sorry. IF and I say IF you do indeed hold shares, I would think you would be happy as to the future increase in price.
The company has made an offer. What you and others do in reference to that, is entirely up to you.
The e-mail addy is anthony@worldcorporateassets.com . perhaps there is a spell error. Cut and paste this.
From what I understand, no new e-mails have been received. I would suggest resending it Wayne.
Don't say that..This offer was not contingent on the share price today. It was an offer as to whomever was a shareholder, period. The trading was unfortunate, but, that does not effect the offer.
There is no reverse split happening. None at all. The float is the float.
Yes, it is. The company is buying what is in the float.
I always love it when I see fear mongering / bashing on a stock....usually means that the experienced investor doing the bashing is trying to get shares, by scaring less experienced investors, at the lowest price possible so they make major money when it runs.....which, imo, this will.
Found on website:
8-K explanation
We were unable to file an 8-K this period and thus, all information, at this time, will be routed through the OTCBB or Pink Sheets website.
1st Global has no filings with the SEC and so, we were unsuccessful in filing the 8-K. Initial filings are needed first.
As we look forward to proceeding on to a different exchange soon, we are engaged with an SEC attorney to sort out these matters.
Please bear with us.
http://worldcorporateassets.com/News.html
It is believed that the 8-K should be out today. It is not known as to exactly when, since it is being worked on in West coast time, so, it will not be early A.M.
Update has been posted on Pink Sheets site.
I dare not attempt to give to speculation on this question. I will say that the company only looks to add value to the stock. The methodology to property acquisitions is non dilutive method and from whom the company is acquiring the properties from, it is assured that they will be auditable (for GAAP) and are audited. The properties will be mortgage free, thus furthering the value of the corporation. I cannot say more than this at this time. Just understand that the business model, which will become revealed very shortly will possibly give you an ability to speculate that query. The company is already preparing for the up-listing from the pink sheets to a higher exchange.
No money raised from this “run”.
NO DILUTION.
The float is the float.
What is being bought are shares that the public owns.
NAMA definition:
National Asset Management Agency
This organization is the Irish government’s arm in Real Estate acquisitions from failed loans and institutions.
It holds over 100 Billion Euros in Real Estate Assets.