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I don’t know if you’ve been following real estate lately but covid has been rocket boost to the reverse mortgage industry. A CZNI merger with a reverse mortgage company would send the stock into orbit.
The accountants are definitely being paid - clearly shown in the previous filings. They even reported subsequent activity executed after the reporting period. I expect similar information in the upcoming filing as well as some potential indicators as to where this is headed - maybe even a PR.
What’s been raised with recent conversions is chump change in comparison to what the shell will bring with even a marginal merger candidate.
Not as good as 600 but still very tasty.
ALPS looks to be gone and it appears from recent trading that we may have hit a nice even number in the share structure - perhaps the target. With the Q filing due on the 15th of the month, it would seem that the company is positioned perfectly for a big announcement.
Crazy, isn't it? ALPS has obviously been dripping into the bid over the last few days to fund whatever operational costs are being incurred, but shareholders aren't selling.
Traders and investors must think SEC current shell companies are worth holding onto at this level. Probably because the biggest gains on the OTC have historically been reverse merger plays. We'll all find out soon enough.
I think that’s a solid bet. It’s obvious that ALPS is dripping these shares. This is a great position to be in as a shareholder. At these levels, without anything to entice new investors, the company isn’t going to raise a significant amount of capital selling the A.S. On the flip side, the further down they allow ALPS to sell, the less demand they will have; the chart and the dilution will drive new money away - again, not worth the money that would be raised.
At this point, in both the chart and the share structure, the company creates the most value for both themselves and investors by opening up a dialogue with shareholders and potential shareholders. Huss is smart guy. I think we hear something very soon.
Definitely agree. ALPS is here for a reason. Money is moving and money moves for a reason.
I’ve learned a lot paying attention to the meaningless things in this world.
I didn’t get any 9s today! Maybe tomorrow.
Not that I remember seeing. The ALPS snipes are interesting to me. I can’t recall seeing that before, but I don’t trade regularly. I do know that I’ve seen him three times in the last 2-3 weeks for less than a minute or two. Anyone else notice?
Nice trading! Hope you get the same opportunity here.
I’m not generally one for conspiracy theories either, but the 100+m volume days around here ‘all of sudden’ might suggest a bit of wash trading. The ALPS appearing and quickly disappearing acts are interesting as well. The company is obviously active and either paying for services or securing capital for whatever reason - both positive at this point.
I’ve tucked away quite few. We’ll see who rules the world.
Looks like he just popped in very briefly and vanished. Interesting.
It has been well established that 'triple zeroes' pay big dividends here.
ALPS back again, huh? The company is definitely spending money on something.
Oh I got it...and also feel like I just had a tooth pulled, but I’m still going to bite on the 11s should the opportunity present itself.
Might have to bite on 11s this time. 10s look to be in high demand. I like the progression. Folks seem to be catching on to CZNI.
Ha! Sometimes you just gotta take the 10s man. I did. Sorry to cut the line ...or am I? :)
Haha. Give me a few days.
I'll definitely be here...for real!
CZNI obviously knows how to file with the SEC. They've definitely proven they have that part down.
A whole lot of buying today...definitely nothing to scoff at. It will be very interesting to see what comes next.
Depends on who you ask!
Glad I skipped the line and bought the .001s.
Interesting day. My guess is shorts are closing out positions - but why?
Hmmm....
Better that way - too much power for one man...
Could be news, could be shorts closing positions. In either case, it's all good.
Is it time?
That bid just keeps on climbing, doesn’t it.
With the volume over the last few months, I wouldn’t be surprised if we see an announcement in the near future stating that the company has negotiated or paid all outstanding debt. That would be icing on the SEC filings cake, and arguably make this the most valuable shell in the OTC.
Time will tell. Seems to be a lot of demand for shares here.
Excellent point: another week closer to knowing why all of the effort has been put into getting the company SEC and Pink current. And, currently trading at a very reasonable price.
Nice post.
More and more eyes on this everyday. News will hit here soon enough. Price should move big.
Not on my watch, Sir. The power will not be yours, alone.
Help me out, I’m still trying to find the “rumor” in the post you responded to.
Price goes up. Price goes down...and then price goes up...until it doesn’t. We’re not even close to ‘doesn’t’.
And the CEO has an excellent reputation for running stock price hyperbolically. His record speaks for itself. Heck, it’s been stated on this board thousands of times by even the most pessimistic posters.
This is fun - don’t go anywhere. I’m certainly not.
Are you looking at the right stock?
That’s a really good point. But I’m not so sure it’s a matter of picking the best choice or fit.
I’m guessing there is more than one entity in this equation. A reverse merger is easy enough in over the counter land - happens quite frequently. As the filings state, the consultant has been working since April. My guess is that the consultant has not only been evaluating how to best structure this merger or acquisition (it could very well be an acquisition depending on how it is structured) but also consulting with and guiding the company, or companies that will be merging in or ‘acquired’. Private companies are structured very differently than publicly traded entities and often require a tremendous amount of restructuring prior to ‘going public’. That takes time and I am pretty sure that CZNI isn’t paying $25k a month for somebody to read through proposals.
Add in the fact that CZNI felt the need to get straight with the SEC and that should be a pretty big indicator to anyone reading this that this isn’t a mom and pop shoe store coming in.
We will see.
Soon enough. The value is there none the less.
Great point. Low volume is a good thing. It means shares are being held until catalysts hit.
And why are they being held? Because a very low float, SEC current, Pink shell, trading under .0025 is a very rare commodity in the OTC world. Most traders understand this.
Monday was good. Hit on a few yesterday too. Definitely drying up if not all the way dried out now.
Haha. Nice. Had some nice fills yesterday and in between those...almost an hour and a half each way between those, I got a partial fill for 4 shares. For some reason I always get the weirdest execution from NITE. Still didn’t get everything I wanted.
Where are all the sellers?
Yes sir - that’s worked out well for me in the past. It will work out for me here too.
CZNI moves nicely. It will move even better when the catalyst hits. Huge share positions have been built and a lot of money in the wings waiting to pull the trigger.
Thanks man. I’m just another ‘wild life’ getting fed today!
CZNI is going to move. I’m betting sooner than later. Not many (if any) opportunities out there like this at this price point.
The longer it goes without news, the closer we are to news. There’s always news...you just have to follow the indicators. The impatient always sell cheap. It allows others to be very profitable. I appreciate it.
Is there another, secret L2 that nobody told me about?
Uh huh. And the “MMs smell blood”...and the “support is broken”....and “trips coming”...
Keep ‘em coming...