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People getting scared, wanting to pull cash out of speculative places apparently. The precipitous drop has really been accelerated since SVB, so I do believe Nick that there is a correlation.
Shorts are trying to push this down hard.
Literally my thought on this.
ILUS finally acquired QIND
This board should be buzzin right now!! Definitive agreement finally settled for a massive actual company!!
$QIND Definitive Stock Purchase Agreement signed with Quality International Co Ltd FCZ to acquire a 52% interest. Read form 8-K for detailshttps://t.co/52tADax8wo$QIND $ILUS #ERT @BackwellJp @NicolasLink pic.twitter.com/JsdNVck2qN
— Quality Industrial Corp. (@QualityIndCorp) January 18, 2023
True, the offerings in the financials were stated at .005… maybe the wrong move to get out… but the investors presentation and relatively poor communication broke my optimism.
Well after waiting for well over a year… Friday’s road map confirmed that this is a dud and they are very slowly trying to insert whatever they can muster into it. Can’t even close one acquisition, they are going to utilize public offerings for funding… at their rate it will be years more before this is anything.
Knew I should have sold it all on the spike above .02 :(
I am out today.
Shorts working overtime to suppress any movement.
Three days of 5M dumping per day… large holder getting tired of being in… the lack of news is definitely absurd at this point.
They usually don’t drop PRs and news until later in the trading day, but should be seeing some moves this week!
Agree orca, should be getting close to acquisition closure news!!
Been here before. Now we do need announcements on merger closure, updates, really anything positive. Good sign is there is still someone willing to keep buying lots of shares around these levels for an extended period of time
Always closes at 14.
Ilus. One of the few remaining strong in OTC. Yes it has taken a hit, but this is the only company that is waving the SEC attention flag with the submission of the form 10 in light of the recent busts. Bold move unless you are confident in what you are doing.
Someone just keeps soaking up shares every single day
Have you seen the Twitter space of every OTC trader? Seems to be the right venue at the right time!
Lmao
Agree… once the puzzle pieces come together in December… and the new deals, acquisitions, uplist, OTCQB, SEC reporting… on the edge of an upcoming green wave imo as people keep banking on OTC stocks. The cycle is beginning.
Thats exactly what it implies. They believe that the share price will be well above .005 in the future.
Ilus just dropped their auditor’s letter. What were people saying about unaudited?
The Q3 Review Report by our Auditor can be found in our $ILUS Investor Data Room: https://t.co/fPL0L36bks or here: https://t.co/hwuHFA1xyc
— ILUS International Inc (@ILUS_INTL) November 18, 2022
Shorts coming out in full force… on the iHub boards. On Twitter… looks like someone is trying to bring her down once more.
What are you talking about? They have a PCAOB auditor required to submit the form 10… once they become SEC reporting, they have to upload their financials as 8 and 10-Ks … absolutely has to be audited for all of that.
But still not worried… this isn’t a normal OTC … as they continue to add value every quarter.
This happens every time… news and drop. Short sellers and flippers waiting for the buildup.
Looks like the sellers are out. Good sign in that regard. Now need a little buying pressure.
No problem. As the months have passed, have to remind everyone that the company is laying a very clear and deliberate plan out every step of the way… just slowly.
The revenue projections are in the initial press release talking about the acquisition of BEi:
https://www.otcmarkets.com/stock/ILST/news/INTERNATIONAL-STAR-ANNOUNCES-INITIAL-CLOSE-OF-ACQUISITION-OF-BUDDING-EQUITY-INC-AND-CONCURRENT-INSTITUTIONAL-FINANCING?id=369916
I think what a lot of people missed in this is that they only revealed one stream of two revenue sources.
Notice they have two segments: the cannabis segment and the hardware segment. The PR really talks about the cannabis segment where they are on track to hit $5 million based on selling celebrity endorser strains.
Then if you look at their website they have a lot of branding not discussed: cheech and Chong, jay and silent bob, and Pineapple Express… pretty easy to slap those logos on hardware and sell them to make the royalties.
Free money for the initial IP investment=great business.
Great news out of Europe, this means we have more potential markets to expand into, the brands BE is associated with have international recognitionhttps://t.co/eiWwsZATMq
— International Star Inc. (@ILSTinc) October 26, 2022
Here’s why I think we are safe to jump into ILST at these levels:
$ILST has it’s fair share of criticism but here’s why it’s safe from these levels, a 🪡 🧵:
— Hot Karl (@karl_frederick_) October 26, 2022
✅ Acquisition of Budding Equity TODAY
✅ Revenue producing (Millions)
✅ Cash-flow-positive
✅ Ability to achieve superior margins in a royalty-based business/1$MNGG $GEGI $ILUS $CNNA
Solid close!!
Spreads are wild right now. People holding for the merger announcement
Red to green celebrations are common occurrences across fintwit. So yes.
New tweet yesterday from the company.
Check out the thread:
Given ILST’s interest in royalty-based cannabis brands, we believe that we are well positioned to significantly benefit from the expanded markets and logistical efficiencies that should result from federal legalization, including improved margins.
— International Star Inc. (@ILSTinc) October 9, 2022
Well I think once the form 10 drops in disclosures… this will rocket… need the substantiation (EDGAR docs) behind the tweets to launch this
Once the S-1 hits, or the audit acceptance hits… this will quickly launch. I believe that new money will come in once they see the material events occur with the SEC documents hitting. I trust it’s all happening, but at this point I believe it will take the uplist to QB at least to really start bringing in a new audience of traders.
“We have signed the engagement letter with our investment bank to deliver our up-list and large acquisition plans. We also confirm that we plan to proceed with a share lock-up opportunity for $ILUS Shareholders. This and more announcements to follow through the wires.”-ILUS
We have signed the engagement letter with our investment bank to deliver our up-list and large acquisition plans. We also confirm that we plan to proceed with a share lock-up opportunity for $ILUS Shareholders. This and more announcements to follow through the wires.
— ILUS International Inc (@ILUS_INTL) September 28, 2022
Also better than the dilution of most other OTC tickers right now.
Because Tiny houses from an account that stopped tweeting in 2019 would be horrible ;( but a cannabis company with big brand and recognized paraphernalia rights for accessories… must better place if business in todays day and age.
Solid tweet. Grammatically correct. Maybe they are going for the full acquisition? The Canadians behind Budding equity are actually pretty legit. They make appearances on primetime news and are considered the experts in the cannabis market. Maybe not as sexy as EV but there is still plenty of money in the mj market to be had.
This is not the right bidding equity lmao