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It is a real possibility. However.....I do not believe that they would sell Enzolytics for $5B. Perhaps 2 to 3x that.
Yes. This is a great article many may find helpful. https://www.toptal.com/finance/valuation/biotech-valuation many of you might find the paragraphs under the word CURES especially interesting.
Most definitely, I hear ya.
Too many variables to consider to really nail down any accurate PPS in the future. Anything could happen.
I liked this post of his https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162204370 nothing has changed except the fact that we are now even further along. OTCShotCaller seems to specialize in biotech plays. I think he was in this at the beginning and made great money.....but i'd be surprised if he did'nt still have a sizable position here because IMO the real money is still yet to come.
Great points Big Brother. I agree. It is a big mess IMO. Interesting that you mention Ameritrade, as there have been a couple of stocks in the past month or so that they would not let me buy....and the kicker is they were PINK CURRENT! Very strange things going on with TDA. Even more strange is the fact that they are now owned by Charles Schwab.....yet everyone is saying that they have had no problem with restrictions on stocks when trading through their Schwab accounts. I will be watching on to see how the OTC plays out from here on....but I am not buying anything. The future looks bleak IMO.
"but that means everyone will have the same opportunity to buy at the opening pink current price"......yes, and most will end up paying more than what the stock is worth. The time between filings and the catalyst of announcement of reverse merger is where most of the money is made on these plays. Period.
Exactly...
For the most part, in the future you will not be able to buy a ticker upon
reinstatement....or upon being alerted to, or finding a custodianship application filing (bottom floor). You would have to wait for the custodian to be granted custody, then wait for that custodian to update all filings and get current. By then, should a broker start quoting the stock.....you will never make the money you would have once made under the old system. I saw one shell custodian state that she was getting out of the game because of the new SEC regulations. I won't be surprised to see most IHUB custodianship/reverse merger boards go dead. The future does not look bright.
I agree with you about Ameritrade.....but unfortunately, moving to another trading account (Etrade/Schwab) will only delay the inevitable. After September, the SEC regulations take hold and it will effectively kill all reinstatement/custodianship/reverse merger plays. I will no longer be trading in OTC because for the most part.....these were the plays that were the most lucrative.
From what I heard, David Lazar is moving away from OTC custodianships (thanks to the new SEC regulations) and is moving to Nasdaq SPACS.
Thnx.
What shares are we looking for him to cancel?
Thanks for your insight....
So, what do you plan on doing now? Investment wise?
There are a few traders on Twitter with alot of followers telling their sheep that everything is going to be okay and that this is a good thing because more money will flow to the "legit" tickers (like there is such a thing in the OTC). I see right through them. For the most part, I stuck to playing alot of reinstatements (if they had good share structures) custodianships and reverse mergers. Now that those plays are gone, the OTC will not be worth my time or money. I have made great money over the years, but I haven'nt hit retirement level money. It makes me sick that they did this to our market. I have sold most of my OTC holdings except a few which are safe for now. I will no longer trade OTC stocks.
You think a 10 bagger impresses me? I have been in this market for 20 years. I have had plenty of 10 baggers and much more. Funny how you mention BABL but don't seem to comprehend that those are the types of opportunities that will not be available to you again. This is not about the "strong surviving" or "adapting"......the only adapting you will be doing is adapting to not making money in the OTC.
Not a nothing burger. The real money on custodianships is made from the very beginning in which you see that an individual or company has filed an application for custodianship. In the past, that shell would be trading at the time of the filing so an investor like me would DD who is filing for custodianship, what the last known share structure was etc. Now, the shell will not be trading upon the filing for application. We would have to wait months for custodianship to be granted and for all filings to be caught up on before the stock is quoted again. After that, forget it.....you are not buying on the bottom floor. You are scrambling for shares and most will probably be paying more than the stock is worth. Also, they are making it a more difficult process for custodians to bring these current and many are dropping out of the game.
This is one such custodian.We are still talking with 3 different $FBCD merger candidates. Due to the SEC rule change, this will be one of our last custodial shells, so we are being very particular about who we choose to go in it.
— Krisa Management LLC (@KrisaManagement) July 12, 2021
Exactly. You have explained this better than anyone. Thanks. Unfortunately, it seems as if there is nothing that can be done about it. A whole market is done.
The OTC has been an avenue of wealth for many.....looks like big brother does'nt want to see the little guy make any more money. What is America becoming? I talked to another guy online yesterday about this. He is an amateur trader and was talking about how the new rules were a good thing. So many are completely oblivious. Many people's livlihoods will be gone. I still wonder why there was'nt a bigger backlash....still seems like many people aren't even talking about it. Unreal.
Do you think that the SEC will reverse course on this at any time in the future for any reason......or do you think they pretty much have decided to kill the OTC market? Is there any chance another broker will come along that will allow retail traders to buy Pink No Info stocks?
Wrong again....
It was.....and merger will be in 8K.
This sentence has been used in all past filings (past language) and will be included in all filings up until the 8K filing. Most traders experienced in merger plays know this.
Yes, they can. It is called past looking language.....much like forward looking language, in filings. The reverse merger company is not announced until the official 8K filing. Everyone knows this.....
Custodianships have a 2 year extension to get a reverse merger done. XNNHQ will not go to the expert market.
I've got a half a million shares here. I bought them all on share structure alone because I know if Lazar makes some moves with this shell....PPS will go much higher. However, it has been a long time. Lazar seems to be MIA.
Agree. Haven't seen much activity out of Lazar lately, however.....as it pertains to new custodian issues/applications.
Zip, zero, nadda, gooseegg. I may try again. We have'nt been hearing much from Lazar lately. No new issues either....
$BMRK DeNunzio application for custodianship https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=hsCbUL9-8U6_Gc8XDXegWQ2&tabIndex=3 25 milly shares outstanding.
Low floaters like this can move quickly....
Yep, holding a small position of 25k shares. I still like the insane low float. Waiting to see what happens....
I think I have been over this a million times......don't pretend that you don't know that all filings leading up to an 8K (in which the name of the merging company is publicized) uses past looking language. That quote: No potential merger candidate has been identified at this time... will be in every filing until the 8k drops.....and then oh guess what.....they executed a merger. This is how you intentionally deceive newbies. And I know that you will have this post deleted in seconds, because that is how you roll. Don't message me again.....because I was'nt talking to you, big mouth.
These new directors just came aboard in 2020.....I already posted WHY https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164352089 the company said they are uplisting to Nasdaq. Take the time to read and understand.
What year does your link say Hong Yuan was incorporated? Now look at this....http://en.pekhongyuan.com/channel/company-introduction this is the multi billion dollar Hong Yuan Holdings that many of us have said is reverse merging. What year does it say they were founded? I'm afraid the people saying that this is not the same Hong Yuan are about to learn a hard lesson.
I'm done with this discussion....we'll talk again when HGYN files their financials and it is trading on Nasdaq.
My post is not a "rationalization". I presented factual DD in my posts. Your post is 100% opinion. Please explain to me how "those guys are not set up to be independent directors"? Xudong Li is a highly active business consultant in China, while Zhang Haosong has 6 years of domestic and foreign listing counselling experience, mergers and acquisitions and restructuring. (That was from YOUR OWN LINK LOL) It seems to me like they are exactly the guys that a company would choose to be independent directors when preparing for a U.S. Nasdaq listing. Please explain to me why they would'nt be.....using factual DD and not opinions such as "fairy tale pump and dump" etc. Let's see some real DD.
Here is why the directors of (soon to be mentioned in 8k merger filing) Hong Yuan Holdings, Xudong Li and Zhang Haosong both just came aboard in 2020 https://lawcast.com/2019/12/03/nasdaq-board-independence-standards/ we told everyone that this company was planning for Nasdaq...Nasdaq Independence Standards rule 5605 calls for independent directors, those who have not been employed by the company at any time within the past 3 years. These are the rules during an audit in accordance to UPLISTING TO NASDAQ!
"Note the absence of an affiliation with Hong Yuan Holdings or anything to do with Hong Yuan Holdings business. Wonder why"? Here is why: In all filings leading up to a reverse merger the company that is merging into the shell is never named in the filing. This is why you will always see executives of the (not mentioned) merger company being named as directors of the former company shell (in this case Cereplast). Hong Yuan Holdings is not mentioned in this entire filing. The reverse merger company cannot be named until the official 8K filing (coming soon). This is standard legal procedure as it pertains to filings in ALL mergers.