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Probably big plans, but there is no evidence they have payed back creditors.
Read the posts by CrimsonFate. Good luck!
Mikey sold too early.
Right! Has not been current with filings since '17! Many red flags here to be sure. Yet it moves.
Crimson, please post proof that Michael Kramarz is not running OCLG but is in fact running his own personal accounting firm. Thanks!
Please name the managers. Crimson posted through his DD found Michael Kramarz is an accountant now.
Showtime? Cash infusion? Buyout? SEC filing? What do you think is going to happen?
Well, well, well, the website is up again.
Good aggressive DD Crimson! He probably called you back because he thought you would not quit calling until you got some answers. Thanks for sharing. Social media is about sharing pertinent information, curses to those who use it to mislead for personal gain.
Bob this company through the years has never made money, then stopped filing with the SEC 3 years ago. Anything is possible but looks highly unlikely.
Hopefully amianangels.com gets taken down or changed too.
Amianangels.com still opens, site still says its a subsidiary of oclg.
I can't get oclghealth.com to open.
Who does your research show you is running the company? I have dry powder ready to invest in sound companies.
With the websites still up and its still trading, this mirage was the perfect setup for a pump and dump. I have no proof of my theory, just the DD of others here and the fact in past filings they were losing money then 3 years ago stopped filing. Just my opinion.
Who does the transfers for this company? Are there market makers involved? How do you find out? Obviously there are trades here.
I sent a email in which I inquired about the status of the company and about its website, no reply. Nice investor relations!
You have to wonder why TCA handed over $4 million to a company that never made money run by execs Roy and Harold.
I agree, the Bestnet years and until they stopped filing there was always a never ending cycle of death spiral financing paid in shares, then reverse stock splits. I am sure TCA wants the full $4 million back plus interest. Hopefully something happens here.
I was a shareholder and customer of Bestnet. I used to call my girlfriend overseas using their platform for pennies a minute. But no patent and then massive competition led to its downfall.
I thought I was going to be rich when Bestnet had filed for a patent on internet phone calls. But patent was denied. Then they switched to healthcare. Changed the name. Who knows, maybe TCA Global took over and have plans? No filings but still trading and website still current. No way to know exactly what is going on here.
Good informative post! Its tough to get a handle on what is going on. No filings in 3 years,someone posted lawsuits against company, someone supposedly talked to CEO who says its shut down. Yet its still trading and the website is still current. I don't know what to think.
Some claim there are 773 million shares outstanding, some 1 billion, but those 250 million share difference at .0003 is $75k. Not worth worrying about. Big worry is will someone buy the shell or not.
There are many watching this play with powder to utilize if and when something positive finally happens. Its been years of false hopes here.
Structure? Simply start filing with the SEC like a going concern would be the first step. Its been 3 years since a financial report from OCLG.
If there is 774 million shares, at .0002 thats $155k. Make a deal with the 2 creditor's of Oclg and you have a bona-fide company!
A month ago this stock was all the buzz? Its called pump and dump. If you DD, you find no filing in 3 years. Crimson called CEO and reported to board. Between no filings and Crimsons report, the best I can see happening here is someone buying the shell.
The volume sure has dropped. No longer a momentum play? It does not help when mick posts about bestnet, which the company disposed of in 2007!
Have not filed in 3 years. Do we have a pulse?
If there is or was meat on the bone, court record posted by someone shows it will go to TCA Global first.
How do you know there is dilution? Without official SEC filings by real CPA firms its unconfirmed.
Maybe someone needs a shell. Maybe that someone makes a deal with the creditors, then buys shares on the open market. Then gets current with SEC. Maybe....
Yup, even if they released the 6 billion shares, at .0002 its only $1,200,000 which is a drop in the bucket compared to what they owe creditors.
Stopped filing with SEC couple years ago. Some report communicating with CEO. Read posts and decide yourself.
What is a shell worth? It looks like this company owes creditors $7 million.
They must owe TCA Global the $4 million they borrowed, plus interest.
If CrimsonFate in fact did speak to Michael Kramarz and its true operations ceased in 2018, maybe he has a new job and/or is done talking about oclg.
I have been a shareholder since about 2000. Its never made $$$. Always borrowing for shares. Dilute then reverse stock split shares back down. Was rooting for a turnaround, but then stopped SEC reporting. Still here hoping for the best but its a long shot at best.
Read post #22580.
Someone just checked and supposedly was told the company is toast. Only chance it seems is someone buying the shell from TCA Global I guess. Good luck to us holders!