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How did it benefit the SEC to kill this entire market? Why did they do it? Do you think they will reverse course? I think reality is setting in for all of the OTC traders on Twitter.....after I warned them what was coming for nearly a year.
You hit it right on the head BB. I wish the SEC would reverse course because they have killed a market that thrived for a long time.....making many alot of good money. I don't expect them to.....but they have caused a lot of damage. I think they intentionally wanted to kill of the SEC. They have their eyes on crypto next.
Great post.....100%. I have been saying this for a while now. Everybody in GOFF is very fortunate because this could be one of the last, if not THE last great reverse merger plays. The SEC with their new amendment and market killing regulations is killing the OTC and especially reverse merger plays. Most potential reverse merger shells are on the expert market where you cannot touch them, and by the time they do reach retail the PPS is already up to the point where there is no profit to be made. The expert market is the most corrupt thing I have seen. I am surprised no one fought against it. This is what has killed the OTC. If you are holding GOFF you are lucky. Opportunities like this will not exist in the future.
"That's totally living in dreams".....perhaps, but it DOES happen.
In my opinion there is not going to be a "trifecta".....GOFF is ONE reverse merger that is taking place (although I wish the best to those holding the other two stocks). Furthermore, I do not see a "fledgling company" merging into GOFF either. The forward split is as big of an indicator as you can get concerning the stature of the company. "Fledgling companies" do REVERSE SPLITS.....NOT FORWARD ONES. It could be that the enormous company merging in wanted a highly tradable share price, and liquidity. While we have been conditioned to temper expectations in OTC land as well as practically all other avenues of life....it is just as easy to speculate that a larger company is merging in here than a smaller one, especially with the facts we have thus far.
Awesome DD bro! NOW I am getting excited. There is a very real chance WAX could be the merging entity.
I'm new to this particular board....not new to the game. My question was speculatively aimed towards WAX being the merger candidate. I realize that we are waiting for more news, but I do have a great feeling here....GLTY.
Wow...that would put GOFF in the OTC hall of fame would'nt it? Thanks for the reply. I have a feeling we will all make bank here. Bigly.
With these NFT companies valuations exploding at a fast rate....any estimations on what PPS might be if this is indeed WAX?
Yes. You must be able to prove you are a Canadian resident for 6 or so months out of the year in order to have a Canadian broker. In America, there is a real assault on OTC trading. Fall/Winter is usually the best hottest time for OTC trading and currently it's dead. I will not be surprised if it is gone altogether at some point in the near future. The SEC killed an entire market to protect a small percentage of traders who were too dumb to not know that a skull and crossbones meant a high risk investments. Or, at least that is what their story is. Most of us know it is not the real story.
In summation.....losing 2 trillion gallons of water is a $10 billion problem which EGYF has the solution to. It is not the actual revenue EGYF (if the technology is merged into the shell) will be making. I would guess that they will make good revenue from the tech, but not $10B.
From how I interpreted it.....the EGYF technology CIPPS will not "bring in" $10 billion of revenue, but rather (from the article I read) it will prevent 2 trillion gallons of water from being lost (as was in the case of America last year).....which equals $10 billion in revenue. How much revenue this company will make on the CIPPS technology which prevents this, I do not know. Perhaps someone else on the board that has better knowledge than I can chime in if they have a good estimate of what the technology will be worth, with licensing and such.....
True....
NP....GLTY.
I have seen no evidence that this is a pump and dump. I never called it that. MZ has spent 7 years of his time and money tied up in these technologies.....but there is no evidence that will benefit those that hold shares in this shell until he officially rolls those IPs into it. Aside from that, I agree with most you said. I was only speaking for me. I have a small, but decent position in EGYF but will not be adding more at these levels until I see exactly what shareholders own here, and what the CEO is including us in. It is all about my own risk preference. Not bashing.
It's a valid point. I have a small position here.....but until I see the CEO actually start rolling his patented technologies into this shell, I will not be buying another share. Show me something of substance and I will load up.
I hear ya. I have my eyes open for any opportunities, but I am cautiously pessimistic LOL. I am also hoping that the last several OTC stocks/reverse merger plays (now pink current) that I have held long term will play out. Perhaps in the new year an American broker will come out and allow buying on the expert market.....like some Canadian brokers are doing. For better or worse....2022 here we come.
Happy New Year Creede, Big Brother and everyone on this board.....
Is Fidelity allowing trades on expert market?
Yes, the expert market is a loading zone....for certain people who the brokers are allowing to load. All of retail used to be able to load up on stocks as soon as they were reinstated. Some brokers even allowed buying on great market. This whole thing makes me mad as hell.
The link that I posted also says simply that rule 15c-211 "governs" brokers in who is allowed to see quotes on expert stocks (whatever that means). I think it would probably be illegal and could be fought in court if the SEC was out right telling brokers to only let certain people view quotes on Expert Market. This is why every tom, dick and harry in Canada is being allowed to view quotes and buy stocks in the expert market. I agree with you....there needs to be lawsuits.
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/ Who can access the Expert Market? despite the restrictions on who can view quotations, the Expert Market does not impose restrictions on who can trade securities. Rule 15c-211 governs a broker's ability to submit, publish, or distribute quotations (i.e. bids and offers) in OTC securities. The Rule does not apply to the underlying transactions or the ability of an investor to buy or sell a security. Catch 22.....Contact your broker for information concerning restrictions or qualifications for accessing Expert Market securities.
He has filed some new motions for custodianship on some tickers recently (expert market). I have to believe that he will do something with XNNHQ at some point within the allotted time period (deadline) on the expert market. With it's share structure....I honestly think when xnnhq comes off the expert market, it could see dollars almost immediately.
I still hate the concept of the expert market.....but the fact that Canadians are able to purchase these stocks while we can't tells me that it may be just a matter of brokers here in the states. hopefully we will find out more in the new year....perhaps a new broker will open up trading or an existing one will. It's just a real bummer.
Agree 100%. Something's gotta give. This is the most corrupt thing i've ever seen.
What's funny about the wording in what I posted is that the SEC's statement is that there are no restrictions on who can buy these securities.....but then goes on to say "Ask your broker about restrictions or qualifications to trade these securities". So, which is it? So f'd up. Are they leaving it to the brokers to impose their own restrictions? If so.....maybe lawsuits against the brokers themselved are in order?
Just came across this......https://twitter.com/YouHateToKnowit/status/1466443558722981895/photo/1 looks as though you were right. Now we just need a broker to step up to the plate.
Very exciting.....long term investment here IMO. I'll be holding. A diamond in the rough.
Thanks for the message....This could be a good play IMO.
https://esos.nv.gov/EntitySearch/BusinessFilingHistory?businessid=1259220# reverse merger articles filed.
Yeah I know of it, I also have another source for up to date filings. Again, the problem you run into with any company updating filings (formerly a catalyst) or potential reverse mergers is that you are no longer able to act on them, with the majority being in the expert market. Here is one peeps on this board might be interested in https://esos.nv.gov/EntitySearch/BusinessFilingHistory?businessid=1259220# OWPC articles of merger out today. Good share structure. Could be a good play. I am not in it but thought i'd pass it on.
That's the problem....no news of a solid nature. No catalysts. Thanks for the reply. Good luck.
The small amount of shares that you get and the time it takes for bid to fill are hardly worth the effort. I have still been watching the OTC, and I stll have a few dozen stocks I was in before the SEC regulations took place, but I am not buying anything new in the OTC. They killed this market and it will not get better unless everyone decides to boycott the OTC until the SEC reverses their market killing regulations. I don't see that happening, however....I think people will continue to play out of habit/gambling and they will only be making the "experts" rich. Truth is....every OTC trader should be mad about what has happened here, but many seem oblivious.
It's good if you already had the stock in your account, but my God....look at that spread between bid and ask. An ask of .49 for a shell. This seems to be the repeating theme amongst these shell/possible reverse merger plays that make it to our retail market. The "sophisticated investors" are loading on the expert market at prices that used to be available to us (it's how we made 1,000% gains in the past) and then once those plays make it to our retail market they are priced sky high. This is how they quite literally stole the OTC reverse merger market away from us. I would not touch any of these stocks now. The only ones that would be making money are the "experts".
Just saw that David Lazar filed for termination of custodianship for USRI......concerning that no effort has been made to get filings current. Is he keeping these dark until reverse merger takes place?
LEAS is a reverse merger that has promise.....i'm not buying anything new in the OTC but if I was i'd probably be buying this, I think many of you will make good money.
The reason for the OTC flat line is the SEC and their market-killing regulation. They robbed us of some of the most lucrative plays/catalysts that there are, reverse mergers/custodianships. They literally stole our market out from under us and made a dark market (expert market) in which "sophisticated investors" are loading up on the stocks/shells that used to be available to us all. I think everyone should leave the OTC and move to crypto. Heck, I don't even like the crypto market but it would teach the SEC a lesson when their crooked expert market investors are not able to make money off of us.
I might just sit on the bid of DVLN (joking).
WLAB volume 672,850 (Heavy Day) Days High 0.001 Days Low 0.001 Yes, it looks like the "sophisticated experts" are loading today incredibly cheap. When WLAB reaches our Pink Limited or Pink Current market....we will see a bid of .01 and an ask of $1.00 or more. That is what we have been seeing lately. The "experts" are the only ones making money on reverse merger plays now. That is the scam. Do you feel "protected"? Do you feel the love from the SEC?
Good post.....agree 100%. Until the SEC reverses course on these insane regulations that destroyed the OTC market (which is unlikely) I don't see it coming back to life. I never thought they would actually do this.....f'd it up completely.