Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Only few shares are available on the ask. I wonder what will happen if they all get snatched and filings hit.
I agree. Way I see it, he acquired Nitches for a reason. Getting it current will cost him $. So I’m positive he has a plan. That ss of 6 mil os is wonderful and will play to our favor if merger co is in the millions. Market cap for $nich is only at $400k.
Yeah I emailed him and asked him to confirm he’s the same John and did not get a reply. He probably doesn’t want us to figure out his plan for the shell lol.
10k for 2017 was just released.
This is the email IVS sent me and said it was for John Morgan new president of $NICH
jm850fl@gmail.com
Sent from Outlook Mobile
When I looked it up. It matched the email for the John Morgan from the ZA Group. So I am certain it’s him.
He is the ceo of ZA Group. $ZAAG
I emailed IVS and they confirmed it with me.
This is very interesting. ZAAG just acquired 60% in a private company that’s worth millions. Could there be a future correlation between $NICH and the new
Company. Or maybe a new company he wants to merge? With the 6 mil OS and the $475k market cap this will be worth much
More in the near future once we find out the merging entity.
What I was about to gather is he’s president of Majorca Group Ltd. dunno if he’s the same John Morgan president of ZAAG or not! Will be interesting to see what his plans for NICH are.
Heard back regarding $NICH and this is what I received-
On Mon, Dec 21, 2020 at 9:37 AM Kelani Long <info@internationalventuresociety.com> wrote:
John is the CEO and will be updating soon.
I’m waiting. I heard ceo was going to update us. New financing. But all I see is dilution.
Technology is nice.
-Need to see more sales going forward higher than the $700 they had last Q.
-They need institutional funding and gotta ease up on the dilution on retail investors.
-will keep an eye on the OS. Let’s hope they don’t hit it with another 10% OS increase in one day once there is a pump going on.
I never said SLJB traded in the gray market!!! All I said was sljb is going to come off ce status. You’re kinda twisting my words to make yourself sounds smart lol.
I am aware that the sec is what sends the stock to a gray market / expert market. I am also aware that ce is an otcmarkets designation. For example, in case of ARCS, it was OTC Markets that sent them to ce.
But back to our subject, LEGX is in expert Market, not in gray market. LEGX was sent a warning letter by the sec 2 weeks before their suspension. It was for non filing. Their 8k saying they were going to file did not save them. Still got suspended.
Anyway, I believe they will come off of it. If they’re up to date with filings, there is no reason for the sec to keep them in expert market.
Do you also think the ceo is this stupid to be spending tens of thousands on filings knowing it won’t work? FYI this ceo has another company and has been around the block. And let’s assume he’s dumb, is his attorney that dumb not to warn him he won’t get reinstated.
Anyway I don’t want to keep arguing. Let’s wait and see. If an attorney letter drops then it takes up to two months for reinstatement. Hope they do get reinstated for our sake.
I agree that it is almost impossible to get out of CE. But It’s been done before. You still didn’t address my question- why would the CEO of LEGX spend thousands of dollars on filings if he thought there wasn’t hope of reinstatement? It will be dumb and a total waste of money right? I can assure you he has an auditing team working for him and an attorney to advise him.
Il throw you an example- SLJB. A CE ticker. Watch it come off of ce status soon.
Plus the suspension was only for 2 weeks AMD was lifted.
This is what I thought at first. I know it’s almost impossible to get out of CE. But why are they spending so much money on filings if they don’t plan to bring it back current? I mean some CE’s do make it back.
Answer my questions. We’re the 6 mil shares added yesterday considered dilution or not? Does it make a difference to you if they hit us “retail investors” with it yesterday or today? Look how the market reacted today. Why do you think we dropped 40%? I know it doesn’t suit your pumping of the stock to call it as it is. But what they did was text book dilution.
Let’s see what happens in the coming days. The company waited for a pump and diluted on the day the share price was at a 52w high. They might slow it down and wait for another pump to hit us with another round of dilution. I’m still holding on to my shares because I don’t want to take a loss. But for sure will be dumping my shares on the next pump.
The additional 6 mil were showing on OTC Market yesterday On 12/17. The OS were also updated the day before on 12/16. Which showed 6 mil less. All I did was compare the difference between the 2 days. Are you telling me the updates on otc market are inaccurate? Today is the 18th. OTC market hasn’t updated the OS for today. Curious to see how many OS the update will show.
I am not stirring up panic. Just stating the obvious. On 12/16 OS was around 59 mil. On 12/17 OS became 65mil. People didn’t like the fact the company dumped 6 mil shares on retail in one day. By the time I first posted about this stock was down over 30% already. I saw your tweet. You said we’re down today on a slow volume day. Which is incorrect. We had over 5 mil in volume today.
The 6 mil added today to the OS is definitely dilution. And for those who say what’s 6 mil, well that’s 10% of their OS diluted in 1 day. They took advantage of the surge in share price and dumped on us as much as they possibly can. They killed the nice run we had. Now will they turn the dilution faucet off so they get another price hike and dump more shares? I guess we’ll find out! I am still holding shares but will closely watch the OS. If dilution Continues I am out!
That’s a 10% of the os diluted in 1 day.
Yesterday’s OS was around 59mil. Today it’s 65mil. Yes they diluted 6 mil shares in one day and killed the nice run we had.
Three more filings just hit today.
Another $220k convertible note added.
Here is a recent article regarding the Good Clinic.
https://thedevelopmenttracker.com/mpls/news/primary-care-clinic-to-open-on-ground-floor-of-nordhaus
There should be more to come. They’re not up to date with filings. I saw filings for 2016. They still have 4 years to catch up to.
These filings are a good sign the company wants to be up to date. We should expect more financials and an attorney letter to follow. If everything is approved, it takes one month or longer to get back on the pink from CE.
There is 0 volume. No shares are being traded.
So is it safe to say we got played? Money is gone? Rarely companies that go to CE make it back!
We’re trading at .0022 range. That’s 80% lower than before the suspension. We really got fooled by that 8k. They had months to get their financials ready to file. Maybe it’s time to complain with the sec?
I was doing some digging and it looks like the sec sent LEGX a delinquency letter on Aug 10. After the warning letter LEGX released an 8k stating they were going to file financials.
I honestly don’t believe they intended on filing financials. I believe we were lied to and definitely misled by the 8k which pumped their stock and caused a spike of 600% in price.
Same here. Seems to be unreachable. Why doesn’t he file and get the company up
To date and use it as a shell! I’m sure there will be many buyers!
I was wondering the same thing. It doesn’t make sense to not file. Company has a nice share structure! Must be worth something. Good luck to you as well!
No financials! Looks like our investment is gone!