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There is a control dispute. Not much he could do until it gets resolved.
Thanks for giving me the definition of preferred stocks. What you’ve stated is true. Preferred are used as a control block. However, I think my point was missed in the earlier post. Those preferred A shares the company owns, are transferable into common shares. They own enough and transferring some of the preferred into common will still allow them to keep the majority of the voting rights. Yet it will add to the float. Which answers the Q of having more shares available for people to purchase.
Now what you just described in your first paragraph, is called dilution. Whether it’s an offering or just simply adding shares to the common.
I personally don’t like dilution. Based on the earlier post I relied to, I thought he asked a Q. I simply gave an opinion and I will make it clear. Diluting shares just so people have more shares to buy for no good reason (acquisitions, buying equipments, etc…) is never a good thing. Yet it’s a common practice in penny land.
Why will they buy their own shares with the amount of series A convertible stocks they own? These series A shares are transferable incase they want to cash in on some and increase the float.
Also, what’s your proposal on adding more shares to the float? Dilution? Or converting the series A?
I don’t think it’s a bad idea to convert some of the series A they own and add it to the OS. Just not all of it. This way it won’t show such a high increase on the MC.
CSLI, UVSS, EMDF all owned by MKH Ventures.
https://www.otcmarkets.com/filing/html?id=15331098&guid=8FSwkKix0lx5B3h
This was for EMDF. CSLI they did the same thing. I got out of this one because these guys will sneak an offering on ya and no one would notice!
They killed it with an offering they issued just like what they did with CSLI. I’m afraid they might do the same thing with UVSS.
International Venture Society. It’s the entity that applies for their custodianships and majority shareholder.
As I I am not a fan of Cooley atm, but just remember that Cooley works for IVS. They call the shots not him. They decide on mergers not him. He can give his opinion but final decision is made by them.
After reading their posts, I thought they announced the merging company. I went and researched thinking I missed a tweet, only to find out we have ZERO information regarding the merger.
Lol Wow, so far we have one person who is convinced the merger is a scam because it says “tentative merger agreement.” We also have another who doesn’t like the financials of the merging company lol.
I hope he doesn’t sell GYGC to that stupid fashion store he tweeted about!
Frank’s tickers were more targeted for some reason. Others dropped too but not to the same extent. I would have loved if Krisa kept the ticker and found a real merger rather than it going to Frank and being parked with his other 20 plus companies he has. The least Frank could have done for us share holders is tweet out he got GYGC and is working on finding a merger. Confirm he is working on the share cancellation. He hasn’t done so. He has tens of tickers that he rarely mentions. My worry is GYGC gets parked along with CCWF, NHLG, NSPT, TMXN and many more of Frank’s tickers.
It’s really unfortunate the stock went to Frank. We lost over 60% equity since it went to him. Hopefully things turnaround for the better soon.
OCLG has around 135 mil restricted. You mentioned a 750 mil shares cancellation. We’re they planning to cancel from the unrestricted as well?
Frank needs to tweet and say something. Instead of bragging about trying to save 14 additional companies. Maybe it’s time to focus on his existing shells.
I can relate with you on the degenerate gambler part because I am one as well and do like the action. I think on the end we all share the same goal. To make money and provide a better life for our families.
I am honestly frustrated with all of the OTC at the moment. Specially Frank. The man has like 20 shells and he tweeted about trying to save 14 more. I don’t believe his past mergers have been great. Maybe JPEX is decent but we still don’t know the numbers. I don’t believe he has the resources to find mergers for all his shells. He has too many empty shells and this has a negative affect on the market.
At least Krisa only has 3 or 4 shells to worry about merging. I like the odds here better :)
Welcome to the OTC. Things don’t always work out. Deals fall through. I mentioned this in my last post, the fact there are a few companies interested in SNRY puts it on a better place than tens of other shells seeking mergers.
Time will tell. It’s simple, to each their own. If you don’t like a certain stock or a company honestly the stress isn’t worth it. There are many other opportunities out there. All of the OTC is down. Alpha Ridge stocks are down a larger percentage than Krisa’s. Why aren’t you calling Frank incompetent?
GYGC was at .11 under Krisa’s management. After they announced Frank purchased the shell, it traded in the .05s range yesterday. So maybe Cooley in control of some companies isn’t bad after all.
One last thing to remember. Cooley isn’t really in charge. He works for the majority share holders. They still make most of the decisions. It could be them that rejected the company from a month ago for reasons we don’t know. Remember how IFAN went to Larry J Williams? He was actually against it. But he was forced to accept by the majority preferred share holders.
I agree with you regarding the communication part. It was open for several interpretations. Thing is, with over 50 plus shells in this market available to merge with private companies , no company should be desperate for a merger with the amount of options that exist. Therefore, I am not expecting him to tweet out that there is a company that’s desperately trying to merge with SNRY.
The fact that there are several existing merger candidates, makes this SNRY more attractive than the others.
The whole market is taking a beating. Not only SNRY. Take all the AR tickers as an example. Most are down over 60% this month alone. And Frank likes to tweet and he could articulate a sentence better than Cooley. This hasn’t helped either. So I doubt a badly articulated tweet is to blame for the SNRY drop. The bears have taken over the OTC and you will need extremely good news similar to ELEK to get a good run now days.
They tweeted and said SNRY had 5 companies to choose from. Name another custodianship with these many options? Most companies can’t even find a single company to merge with.
Back to yield again.
I have a feeling we dodged a bullet. Maybe the entity that was interested in merging last month was Frank from AR. Seems like plans changed and they decided on GYGC. Probably paid much less. I think Cooley wants to find a solid merger for this one.
Looks like the merger Cooley was talking about is Frank from AR.
I wonder when they will drop their Q3. I’m hoping some positive figures from the new company would bring back some volume.
WWDH is finally Pink Current
Is it the same Bill Bollander who owned LEGX which went to the gray market and got hit with a CE last year or is it a different CEO?
Level 2 is so thin, only 30k shares separates us from .14
That new CEO does not answer phone calls nor responds to emails. Hopefully we’ll get a press release soon on company’s direction.
Round 3. Hopefully they get it right this time lol.
Has anyone noticed the new description added today? Says AI
Could this be where the new merger is headed?
$ETEK Has anyone noticed the new description added today? Says AI Is this a hint on the new merger? https://t.co/cze3NrYnfI pic.twitter.com/MihO7nWFOb
— Grndizer (@Grndizer2) September 17, 2021
Maybe with yield and folks in U.S can buy we hit .0018 - 20. Then depending on merger announcement hard to tell until we find out.
Guys, looks like we got Caren Currier onboard as consultant. Lessgooo!
Real financials. They are dropping as we speak. Qs and Ks. Give it a few minutes and you’ll see it.
Probably some brokers in Canada. Not sure if IBKR let’s you buy.
Yep. Financials just dropped.
Did something happen?
Awesome close. Hopefully remaining financials drop soon and we see the momentum continuing through next month.
I think it was MM that shorted the stock. MM knew of the TDA letter before the public. It’s very possible they are covering since they realize there are only 2 financials to go that could drop any day and there will be a major short squeeze once that happens.
WWDH is finally showing otciq access
We’ve had the opportunity to buy cheap shares since Oct of last year. The opportunity repeats itself monthly by dropping to the low .10s. Lol if you haven’t grabbed your cheap shares by now then I don’t know when! How about we look forward to making money and seeing a higher share price than hoping for cheap shares? I mean isn’t that the goal of owning a stock. Hoping for a higher share price to build your portfolio rather than hoping it goes lower to get cheap shares lol.
Asking these guys to give you financials today, is like expecting a mega jackpot out of a slot machine in a casino. I’ve learned not to hold my breath when it comes to expecting simple things to happen in a timely manner from this company.