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Nice! I definitely think that will give us a boost once more people can buy.
Mine still tells me it's only accepting closing transactions
Has anyone tracked how long it normally takes brokerages to allow CE after removal? I know etrade is on board already but Schwab still hasn't lifted the hold. I think when that happens we'll get a nice boost in volume.
Has anyone heard from Kim to confirm they still plan to persue uplist to OTCQB?
It's had Pink Current for like 8 months. I want to point that out because, like, OTCMarkets hasn't even seen this new attorney letter yet. They're so backed up with companies submitting audits to comply with new regulations that everything is taking a long time. I do not expect the CE down this week or even next week. But I do think this is a really positive move and that once OTCMarkets is able to get to it, we might have a chance at the CE removal then.
I want to share two things I notice: 1. BLLB has had financials under the "Financials" tab on otcmarkets updated only to 2020 so far. Obviously, BLLB has provided this info, but it wasn't verified with an attorney letter that covered Q1 2021. So now, that should be able to be updated. 2. I used to think that once that was uploaded we would see "Audited Financials" under "Company Profile" updated. That's not the case though. That relates (I think) to whether the company is SEC reporting or Alternative reporting. And obviously BLLB is alternative reporting. Currently BLLB says "unavailable" under "Audited Financials." When I look at other alt. reporting tickers, it says "Unaudited." BLLB's new attorney letter states that the financials are "unaudited" which I think might be a confirmation of their reporting status that's needed in order to proceed with the CE removal.
I think they actually might need another attorney letter to go alongside the recent financial report because the new report is for Q1 2021, but the old attn letter only covers through Q4 2020. I think once we have that, the otcmarkets profile can be updated to reflect current financials and then we can move.
The reason the CE is still on is because CE's take a long time to remove once they've been put on. It is totally reasonable for OTC Markets to be stringent in assessing the removal of this very serious restriction/sanction. From their perspective, BLLB is a dead company and people shouldn't buy it until there is 100% proof that a viable business model that poses no risk to investors has assumed operations. With every other ticker with this warning label that you look at that has gone through or is currently going through the identical process of being cleaned up (ie. JZZI, SGMD, GMPW), the removal process takes *at least* six months. It is not a fast process. That said, no one starts a project like this, invests this much time, money, and energy, without knowing there will be a profitable outcome. Has everything happened that needs to right now to make this work? Maybe. Maybe we're just waiting. I have a hard time believing that. I think there is probably a little bit more that needs to get done. Who knows. I don't work for OTCMarkets or Triage. But what I do feel remarkably confident about is that whatever needs to get done still will. It just makes no sense at all for it not to get done.
Does anyone have insight on why "Audited Financials" is still listed as "unavailable" and why the "Financials" section is only updated to 2020 in spite of the quarterly report?
Yes, but not having financials is not what earned this company their CE and generally isn't what causes OTCMarkets to place a CE on a company. Old management did some shady things and that's what created the CE risk to begin with. Now, in order to prove that that's no longer a risk, new management needs to demonstrate fiscal responsibility and generativity. Essentially, they need to earn back trust by showing they are compliant in all respects and that they have a successful business model.
The OTCMarkets page states that the company needs to prove it is no longer a financial liability in order to have the CE removed. They had no revenues before and the company wasn't doing anything, so I think they need to prove that the company has the capacity to generate revenue, which this report does, even if it isn't a lot.
It stands out to me the OTCMarkets hasn't updated the financials tab of their profile yet and that "Audited Financials" under the Security Details tab still says "unavailable." I think once these are accepted that's a step closer to CE removal.
This has been listed as Pink Current on the financial reports page since December. There's a screenshot on the main page. So I don't think there's anything new going on there. I think today is one step closer to the CE being removed, but I want to make sure to share accurate information.
I think that her professionalism in taking over the company as well as her track record of being involved in sucessful mergers is what has cultivated faith. She never pumps, she never sets deadlines she can't fill. She is transparent and straight forward whenever she engagees in PR or communication with shareholders. She also doesn't update when there aren't updates, which I find refreshing.
The fact is, everyone on here has been saying for months that it "should be any day now" with absolutely nothing to back that up. A CE removal takes six months in most instances, so we're getting close. She isn't dragging her feet. There isn't some massive, conspiratorial delay. The only thing that is happening is we're all listening to moron A and moron B on ihub and thinking this is going to happen overnight. Then, when it doesn't, people blame Kim, even though she never set a timeline for this. In my only correspondence with her, she stated that she expected 2021 to be a great year for the company. If things don't happen this year, then I'll be disappointed. Until then, just rememeber to take anything you read on here with a grain of salt. Everything that is happening with the company seems to be 100% par for the course so far.
And anyway, we got some lovely PR today. So let's all celebrate one more step closer.
Incredible DD. So amazing to finally have some answers and a timeline. This is going to be huge any day now!
That's assuming that they haven't been preparing them though. All we have is clarity on what's needed, not a reason why it hasn't been provided. If these forms take a long time to prepare, it very well could be that they just haven't completed them yet in the context of all of the other work they're doing to clean out the company and prepare for whatever is next.
What a champ. This is just great to know. So happy to have some answers and an update. Don't know what to think of it still, but I feel better just having some information in hand! Thanks again!
XCelrev and HIRU are affiliated in some way. Xcelrev tweeted about their current status a while back. Honestly, this is just more evidence that the merger is with Xcelrev.
Their quarterly report released last night confirms that the gold-backed crypto is in development as of 3/15/21.
Exactly. Today, we cool off. It's pretty well supported in the high 60s. We have catalysts and news imminent. Right now, we're just consolidating before the next run.
Y'all, chill. It's just Tuesday.
This said the mine use to supply Tiffany's & Co.!!! I think I might just have treat myself when this takes off...hmm...Way to go on locating it!
Definitely agreed. U/butthoofer on reddit mentioned planning to write a big DD post this weekend. A ton of people follow that guy, so I think that'll bring some eyes. Keep an eye out for it and upvote if you see it!
This change is huge. For real, I'm kind of shocked there's no more excitement about it. That's an enormous change and a serious indication that the wait is over. We're on the move.
For real dude! I don't think people are really realizing how big the changes that happened this week are. Like, it's in motion. We're not in limbo anymore. This is *happening*!
I hope they get this fixed quickly.
They removed all mention of the former company business model! This tweet has a picture of the former business description and also confirms the company's updated verification status as of today: https://twitter.com/trips_squad/status/1372901144461213701
COMPANY DESCRIPTION UPDATED OMGGGG!!!
Has anyone spoken to them about the timeline in becoming current?
I think that we know the business has pivoted and that things are changing, but there may not be enough paperwork to fully demonstrate that there is a new, viable business model yet. Obviously, the intention is a merger, but I don't know how finalized that merger needs to be in order to qualify as proof that the company is no longer a public interest concern.
I'm hoping for the trifecta: pR, CE removal, and stimulus checks hitting accounts ??????
Okay, well there's been several developments since Friday so yeah, we're cheering. But congrats on not peeing your pants.
Right?! You *know* this means stuff is starting to happen. Wait is almost over folks.
INDUSTRY CLASSIFICATION UPDATED!!!! Holy WOAH! It used to say Fruits and Canned Specialties. Now it's updated to Investors, Misc. Y'all this is happening ANY DAY NOW!
Super informative. Thank you!
Tweets AND a new website?!!?! Holy woah things are starting!!!
https://bellbuckleholdings.com/
Oh man...feels so good to see some progress!
Makin' progress! ??
Was this always a yield sign or is that new today?
Agreed. Excellent post. Thanks for keeping us updated Papa. :)
I've been trying to make a list of previous tickers that have had CE removed. I want to share this because I see people getting impatient. There are some tickers where it takes six months for them to remove this thing. It looks like it's a real process. The thing is, we *know* that the company didn't come all this way in order to fall short of this requirement. I have zero doubts that it's going to happen and I know when it does, it's going to be worth the wait. Be patient. Don't panic sell because it isn't happening right away.