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I've been thinking about a reply to a tweet George put out a while back. One individual asked why a company like GOFF/WNFT would do a forward split.....George replied "I don't know. Ask AMZN". Underrated tweet that says it all IMO.
OMG....that's alot of shares. I will have 540k shares after the forward split. If I could go back in time, knowing what I know now.....I would have bought alot more GOFF shares, but I should do okay with what I have. Are all of the rest of you holding millions of shares?
I've been here for well over a year. I was here when this was a David Lazar shell. I am not talking about this being a matter of patience for us longs......I am talking about time being an issue for the potential merge-in company. Deals have fallen apart for less.
Like I said...time is not our friend.
Agree....
Yes, Calasse is indeed a PITA. As far as the docketing statement, this is nothing we did'nt already know. https://definitions.uslegal.com/d/docketing-statement/ The docketing statement facilitates efficient processing of appeal to quickly identify jurisdictional problems, and appropriate settlement cases. it contains information about the parties, the lower court proceeding, and the final judgement of the appellate court in order to determine Supreme Court's jurisdiction over the appeal or not. I believe the appeal will be shortened alright.....as in the Nevada SC will see that no new evidence has been submitted, the lower court appellate court judge made no errors and they will not hear an appeals case. That is how I believe this will go down. We are in the final stages of dealing with Calasse. July 5th will be the date of the docketing statement and we can expect a rejection of Calasse's case weeks thereafter, most likely. If for any reason I am wrong on this and the Nevada SC hears the case.....then I will worry. Time is not one's friend with this kind of merger deal.
Seriously? Most here understand that the forward split was not done to make the current GOFF shell's PPS of .40 (prior to reverse merger) more accessible to investors (that is riduculous).......but rather the post merger company and what the PPS will be following that reveal. Wow.
While normally I would agree with you.....with this line of thinking the forward split just makes no sense. Your reasoning is why most reverse merger companies do indeed do a reverse split prior to reverse merger.....but GOFF did a forward one. That is what baffles me. I think there is something in the works perhaps we have not considered. We shall see.
With all due respect.....no one could possibly know that. I realize that for many, it is just human nature to think negatively as opposed to believing something so big. However, there has been plenty of DD to justify why it could be WAX, or Dapper, or Alchemy. Honestly, if this was just a $250 million company......while that is a good sized value company, it is not worthy of a 3/1 forward split. That is a pretty hefty forward split prior to merger......and it was done for a reason. As George said...."Ask AMZN".
Hey, let ME know when YOU find out. The SEC did not make it exactly clear whom the "sophisticated investors" were (their wording). Whenever you make a dark market of securities and allow for a privileged few to buy under the guise of protecting all of the rest.....it is corrupt to the core. That is NOT a free and fair market. We used to make bank off of these stocks and they basically pulled the rug out from under us. I think people are losing faith in the markets because they are seeing how rigged the system is. What plays are advisable now? Don't ask me, i'm keeping all of my money under my pillow now LOL.
https://www.sec.gov/news/press-release/2020-212 amendment 15c-211 to "enhance retail investor protections", They basically killed every trip zero, reinstatement play, custodian/reverse merger play with this amendment. These were always the plays most peeps made the most money off of. The SEC has now killed those catalysts and they moved over 3,000 stocks/shells to the "expert market" where only "privileged investors can load them....however retail traders like you and I need their "protection". So...the gist is....they literally stole our market out from under us. Whenever those "sophisticated investors" see that actions are being taken to move a shell off of the expert market to the pinks......they load 'em and by the time they show up on the pinks we see a ridiculous spread between bid/ask. It is totally corrupt. This is why the trip 000 boards.....as well as the reverse merger boards are all like a ghost town now. The penny stock market is now dead.
I'm going to bed. This is depressing. I can't lie.....this is the worst i've ever seen the OTC penny stock market. I just can't get behind some of these 20 billion O/S stocks some are pushing.....saying they will bring the heat back to the OTC. The SEC has systematically ruined these markets for good.
I still have 50k shares of HERF.......glad to see it back on PM. With a 3 milly float.....if we get a decent merger it could go bonkers. One piece of good news in a completely dead market, but i'll take it.
Don't see what's good about it. No decent trip 000 plays to be had. Any plans for a new kind of board since the SEC and the creation of their "Expert Market" killed these plays?
Regardless, these plays have almost completely dried up. I honestly never thought i'd see the day......but the pennies are done.
? Not sure I follow.
It's because trip zero plays have all dried up. Most are on the expert market where you and I cannot tough them. The days of buying trip zero stocks and seeing them eventually run to pennies are over. The new SEC amendment 15c-211 and the creation of the expert market literally killed the penny stock market. It killed trip 000 plays, reinstatements, custodianships and reverse merger plays. All of which were the biggest catalysts in the history of the OTC. I don't know what to say. It's a sad state of affairs. OTC penny stocks are dead and unless the SEC reverses course (which they never do) I don't see this market rebounding. Ever.
The shrugging GIF had more to do with the OTC than GOFF stock. Even if GOFF stock makes everyone on this board millionaires.....it does not mean it would "resurrect" the entire OTC. The OTC is bad right now....real bad, and it is mostly due to the fact that the SEC crippled the OTC market with over regulation and the creation of a corrupt expert market where retail shareholders are no longer able to get in on the bottom floor of future reverse merger plays like the one George Sharp brings to the table. So, again....George's reaction has more to do with the OTC than it does GOFF.
I like the share structures.....once again as with all shells that go expert to pink....a huge a$$ spread. This is how those "sophisticated investors" in the expert market make their money now, loading up on the EM and pawning them off to retail when they go pink. It is highway robbery. How are they not being sued? They stole our market right out from under us. I refuse to even sit on bid when these come out of the expert market.
I have no exact timeline.....but after becoming DTC eligible (not needed for OTC/pink sheet stocks but rather Nasdaq level stocks) , and the 3:1 forward split takes place....I would think that the merger reveal would be directly after the F/S. A week or two is not out of the question.
If it is WAX,,,,it could go to $10 and beyond. Any other company would depend on revenues. If it's a startup....the PPS would sink lower than it is now. I do not think it's a startup. They would not have done a forward split of this magnitude.
I just checked and did not see one. Thanks for the info....I will consult with him again, and if he cannot figure it out, I will contact someone else to handle it for me, when that time comes.
Thanks! Appreciate this.....
So if I have held my original GOFF shares for a year.....because it is an acquisition/reverse merger, I will pay the long term capital tax rate? Is that the gist of it? Thanks for the info btw.
I talked to my tax guy concerning this a while back....he told me that after the merger takes place they are new shares in a new company. So even though I have held GOFF shares for over a year....if I hold through merger and the company changes to WNFT for example, if I sell after merger finalizes I will be paying short term capital gains tax.
As a force of habit....I still check in on the OTCs from time to time, but it is a sad thing to see. Anyone claiming that they are doing well are trying to unload bags, period. No hot stocks to mention....no catalysts. No pushback from any OTC traders on the SEC....many actually believing this was a "good thing". The expert market stole these opportunities from us....and gave them to insiders. The most corrupt thing I have ever seen.
LMAO......because that is not what this court case was about. This case was about Calasse claiming an ownership stake/shares in GOFF. Now that Calasse is gone....George is pushing for a speedy discharge of custodianship (meaning he will no longer be involved and the merger will be finalized). Anyone suggesting that the new company's name, or new officers should be included in anything having to do with this current court case.....simply has no clue as to how this works. Everyone can expect the new company name and officers to be revealed in the official 8k merger document when it is finalized......and no sooner.
My guess would likely be prior to, yes.
Control block of shares would go to merge-in company. All info will be provided in 8K when merger is finalized.
George Sharp has always been the shell custodian. The shell custodian is the one who takes control of the shell, cleans it up and finds a reverse merger candidate. WorldWide NFT is the company that is supposed to be merging into the shell. The Motion For Discharge Of Custodian is the last step before the company officially steps in and finalizes everything. George Sharp will be discharged as custodian.....and that is a good thing because it means the next steps are finalizing the merger (forward split, 8k, and official merger announcement). This is all standard procedure with mergers. There is no reason we should'nt see the motion for discharge sometime this week.
I would be inclined to believe that we are skeleton-free......however, what is concerning is that we have not seen a motion for discharge of custodian. The company, Worldwide NFT.....tweeted that they would do this as soon as the Calasse motion for consideration decision was made.
It was made on April 28th. I would think that there is no reason to not see the motion for discharge this week. They have had ample time.FINRA has requested that we terminate the custodianship status with the court before executing the name change and forward split. We will move the court to terminate the custodianship as soon as the Motion for Reconsideration is heard in a couple of weeks.
— Worldwide NFT (@WorldwideNFTInc) April 11, 2022
I have made great money in the OTC.....and GOFF has been no different.
If you were so sure of it.....why did you write to WAX to ask them about it?
George has made it known he plans to retire......so it would only make sense that he is not spending time putting rinky dink deals together, but rather substantial deals that will get him there fast.
Maybe they were all in from the very beginning......at much lower prices than where it stands now.
Then again.....is it possible George Sharp made the offer knowing Callasse and his attorney would turn it down? I like the way George said that he "negotiates down" at the very beginning. Was it a mind game/ruse knowing that Callasse would turn his offers down, and that Callasse will kick himself (hard) when he finds out what the merging company is? Was George toying with Callasse? Is this Callasse's karma for frauding investors in the past?
I agree, the news out of court was great......and I have been excited about the speculation of the merge-in company being WAX or Dapper. However, George Sharp's recent tweets have made me temper expectations. Sharp offered a conman like Callasse 10 million shares? I assume these to be common shares as Sharp did not state otherwise. Whether this was pre split or the amount Callasse would have post split remains in question. 10 million shares is bad enough, 30 million shares is crazy. If GS believed that the merging company could result in a share price of $10 per share (estimate) then that is a settlement of $100 million to $300 million. Even at a share price of $5 per share.....that is a crazy settlement amount for a conman like Callasse. So....while I hope for the best here, this fiasco is making me rethink it a bit.
Wang has been a consultant for many companies.....Xudong Li is the acting CEO here. Just because there was a reverse split there does'nt mean there will be one here. In fact, the company decided against a reverse split long ago.