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You see nothing for a very real reason.
There's very much a reason why some of us have begun selling substantial shares.
Run.
My final post on any of these boards. Don't bother responding to my post. I'll be gone.
I'm getting out of this cesspool, and taking back control of my life.
Good luck to those of you who still have a soul. Many of you do not.
You were right the entire time. We were all played, and I was one of the biggest suckers of all.
My apologies.
Getting a "Temporarily Unavailable - This application is not currently available due to scheduled maintenance. Sorry for the inconvenience" message.
Is the website really down? maybe you could recheck that weblink when you get a second please. Thank you sir.
I did not see that. Do you mind sharing that link please sir?
I had a busy workday, so I’m just seeing the trading results for today now.
I have no idea what it means. I wish I did.
But truth be told, not that many shares were traded relatively. So as long as everything is OK with the game plan, it should just be a bump in the road I would think.
In my opinion, the more important variable at this point in time, is bottom feeding, and buying up as many shares as possible - essentially getting rid of the weak hands, and securing the float.
Remember the size of the float here.
There just can’t be that many loose shares left out there. I know I’m not selling any.
Sorry for the delay. I've just been busy.
Seems like most investors on this board went for the ELGL investment over the BFNH investment, or at least more heavily slanted in the ELGL direction. Based on the websites, as well as where the 'big guys' are (as you correctly put it), that seems logical. But there have been posters on these strands (who I believe have knowledge) that claim the real value is in BFNH, as the vehicle that will make this whole thing happen. And while I am invested in ELGL, as I mentioned, I'm more heavily weighted towards BFNH.
I'm not necessarily implying my strategy makes sense, or is fair, but it's what I've come to believe. I guess we'll see.
I definitely agree with your strategy of having safe long term investments, and taking a few long shots in life. My wife and I max out our 401K and Simple IRA retirement portfolios every year in safe mutual fund diversity. I've also saved a ton of money in my daughter's 529 college fund, which has grown exponentially throughout the years. Investors who only take long shots, and don't plan for the rainy day are playing a dangerous game.
But I definitely have a 'go for it' side to my personality as well, and I'm taking a few shots here, with BFNH/ELGL being one of them.
Like you, if my long shots all go to zero, I don't go under. Life will go on. And someday, I'll eventually retire. It would hurt for sure, but it would be survivable.
And I still haven't given up on another long shot, that some of us posters share, PRED. There's just too much value in terms of intellectual property alone. I'll be very curious to see how that eventually plays out. But my guess is that we'll have to wait for this BFNH/ELGL merger to come to fruition first, before that fiasco will be tackled.
Hey Brook, it's absolutely none of my business, so feel free to tell me to stick it if you wish, but how heavily are you invested in BFNH and/or ELGL?
Mildly, moderately, or mortgaged the house?! Lol.
I'm way more heavily weighted in BFNH (own very close to 10% of the float).
Just curious, since you strike me as more knowledgable than most on this board.
Again, it's none of my business, but you do seem as interested as me in these outcomes, so I'm curious.
Peace.
Giving predictions on this kind of thing is never a good idea, particularly when it’s coming from someone like me who has zero control over how this plays out.
That being said, I think there’s an excellent chance us longs will begin being happy before the end of this calendar year.
And I would expect next year would be even better.
Oh, you have no idea how many hours I’ve wasted on the Porsche car configurator.
If they had rehab for such an addiction, my wife would definitely send me there.
We need to trust management to do things in the correct order here. It definitely takes longer to do things the right way.
With regards to a different investment, many of us got to see what happens when that doesn't occur.
Nobody wants to see this company's cards on the table more than me - so we can see the full magnitude of what we're dealing with here.
My guess is none of us truly understand how large this could be.
Time will tell.....
Not me, but I certainly understand not liking the timeline.
Hang in there, brother. And keep watching….
I noticed the website was down last night, but I’m not sure exactly when it went down.
Looks like they’re working on the website?
https://www.elementglobal.com/cgi-sys/suspendedpage.cgi
Second day in a row I noticed a 10,000 share bid at $3.05, without any bites.
Sure seems to me like we are moving in the right direction regarding eliminating weak hands.
$30,000 is a fair amount of cheddar being left on the table.
It’s the kind of increase in volume we are seeing today that I’ve been waiting for.
Let’s see if it continues.
I haven’t heard anything in a while on that front, big boy 36.
The latest I heard, however, was there were a number of options available, with some we would definitely like more than others.
I get the impression, decisions on the matter are on hold for now, but I don’t know that for sure.
Sorry I can’t be more helpful.
I am as curious as you are, my friend.
I'm certainly under the impression this is the real deal, and management is successfully navigating the seemingly never-ending beuracratic red tape.
However, sticking with the football theme, all of this theoretical is meaningless unless they can figure out a way to get the ball into the end zone.
I have much riding on the potential success of this merger/acquisition.
So I guess we'll see......
We’re doing great.
Lots of hurdles to clear for something of this magnitude. I would imagine nothing is being rushed - or left to chance.
Now I know why there are so many individuals who hate regulatory oversight from government agencies, the SEC, etc.
I’ve always come from the perspective of protecting the little guy from crooks like Bernie Madoff, and company fiascos like Enron.
But I’ve learned enough to see the other side.
Rules and regulations really slow down start-ups trying to make things happen.
I’m not saying I’m against regulatory agencies, but they sure do slow down what we’re trying to accomplish here.
My popcorn is still ready, Brook.
I'll tell you this much. I've learned a lot over the last several years about how the investing world works - including legal matters, barriers, red tape, saboteurs, etc.
There's a reason most of us (myself included) sit on the sidelines, and throw money at others who are actually in the trenches, doing the dirty work, problem solving, wading through the quagmire, all the while circumventing real and sometimes even invented problems, as well as shady characters.....in short, finding a way.
The hurdles are being jumped - one after another.
Hope your lounge chair is fully functional, and ready to recline. Football season is a coming.
At this point, my glutton-sized popcorn is ready to go, and within arm’s reach at all times.
Hopefully that answers your question.
Jan 2023?! I'll tell you, Bigboy36, if we get to that date and haven't seen significant shareholder returns, I for one, will be very angry - and surprised.
In fact, you could pick a significantly earlier date than that, and I'd respond the exact same way.
Thank you, Brook. Good find.
And how much of a nightmare bureaucratic process is that?
Maybe, but don’t forget the NYSE has their own list of requirements.
I'm under the impression the float of BFNH is closer to 2 million shares.
https://www.otcmarkets.com/stock/BFNH/security
A couple thoughts:
1) I would agree the price was brought to near $3 for a reason, and that we are likely on the cusp of meaningful development(s).
2) I would not necessarily agree an announcement is imminent. Based on the relatively small size of the float, I don't get the sense those in power need us, the small investors, to make this company/stock successful. If I'm right, an announcement only brings potentially unwanted attention. Sure it would be nice for us investors to read what has been going on behind the scenes, but probably unnecessary for the continued development/success of the company.
The low volume is exactly why I’m not too excited yet, and why I wrote we should keep watching what develops in one of my recent posts.
But I could start selling small amounts here and there if I wanted. And if I thought nothing substantial was coming, I would do that very thing.
But I’m going to wait. And after what transpired w/PRED after initial profits that were subsequently lost (all on paper), I have to be very confident in my position.
Look, I'm no investing expert, but I'm pretty confident that's not how these things work. You usually appear to be savvy enough to know that as well.
Perhaps I've underestimated how frayed everyone's nerves are at this point. I know mine are pretty shot.
That's like saying PRED failed because of what any of us clowns were posting on that board. PRED failed because they promoted the snot out of the company with PRs, the pharmaceutical companies caught wind of what was going on, and they stomped the hell out of them.
Notice companies like ELGL and BFNH are not making that same mistake. Imagine that. The powers that be are learning.
I’m literally astonished nobody’s mentioning what’s happening with the price of BFNH. I would suggest we continue to watch what happens there.
I can tell you I own a lot. I could turn a large profit selling near three dollars. I haven’t sold one share.
Nobody wants all of this sped up more than me. But things need to be done in order.
I’ve been more than frustrated with the wait, and some of you have been in some of these stocks longer than me.
One step at a time.
Yes, but that likely won’t manifest this month regarding the price of ELGL.
I’m glad I own both stocks.
Well, let’s just say I predict the chances of you achieving your dream, before kickoff, will likely go up if you own BFNH in addition to ELGL.
I don’t know if the public will hear anything this week or not, but I can confirm major progress is being made as we speak.
And no, I will not give details.
I wouldn’t stray too far from your comfy chair and jumbo sized popcorn.
Well, let’s just say I’m happy I slowly picked up an extra 22,000 shares over the past year.
SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by companies to revoke their registrations as publicly-traded corporations.
Sure doesn’t sound like the company is trying to make the PRED vehicle work any longer.
Yet another sign they will be switching to a new one.
Nice find.
As I think I’ve already mentioned, I’ve heard some timelines suggested, that just didn’t come to pass.
I think there are just too many variables in play, and loose ends being tied up to know the answer to your very fair question.
And so……we wait….
It would certainly seem the powers that be are working towards creating a cleaner slate before moving forward.
But it’s all speculation until we see actual movement.
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
Who is buying and how are not the important questions.
I think the important point here is over 450,000 shares have already been bought up in a single trading day. That seems like an awful lot (cheap or not) for a company that is supposedly dead.
I would definitely still be buying if I could.
That's an interesting question, Bigboy36. I'm honestly not sure. And truth be told, I haven't even given it much thought recently.
It used to be all I thought about. But now I can see the bigger picture, and that is no longer in the forefront of my mind.
When PRED finds its new vehicle, all will immediately be a lot happier....and things will make more sense. It will all come down to how badly our PRED shares are diluted.
There is a lot going on right now, and the pandemic is still keeping people required to make all of this happen working less than 100%. It's not helping. Even the war in Ukraine has slowed things down. (It's complicated.)
If nothing else, this has been a reminder why all of us need to diversify our investment portfolios.
I invested a lot in PRED over the years, but I also played other angles simultaneously - just in case things didn't go smoothly. And boy did that end up being the case.
I'm going to respectfully decline to respond to your private message, Bigboy36.
I sincerely believe you're on the level, but I was fooled by a wolf in sheep's clothing on the PRED board a ways back. We spoke on the phone, supposedly exchanged photos of our families, etc. But there were inconsistencies, and I'm a good judge of character, and I figured out he had ulterior motives. And he just proved it to me recently on the PRED board, after coming back following a long hiatus.
That will not happen to me a second time.
So I'll refrain from further private contact with anyone. And I'll be intentionally vague with what I divulge, mostly pointing readers to posts from other people, that I believe to be true.