To make more dilutive share sales? There’s no business here likely not for a while, the Middle East looks sketchy af, it’s the wrong time for unveiling new enterprises

Highly doubt it. A few big sized positions simulated wider spread interest, a bunch of diluted shares got sold on the way up then dumped into the bid the way down. Why would they now let people out of those bags?

The only selling point was the share structure, which keeps growing. The handful runners with sustained volume lately had multi billion SS’s anyway

If the filings lapse or they announce an RS t4 will not be the floor. Maybe after that it’s a good buy

Bagfare still handing them out left right and centre I see. They just pumped it to eat up a bunch of dilution. What a total can

Hahaha the beatings will continue until morale improves

I don’t know. Some of the people on this board have been doing this 15+ years, they’re the smartest people in the room. I’m in a Speedo wearing a blindfold. I have no clue what’s going on

MMs can definitely short them. When the Ask started to grow the entire bid got wiped out twice today at 8’s and 7’s. Either shorting or dilution. OTCN and CFGN are back on L2. OTCN aren’t even on the Bid so they’re only selling

NNAX have diluted on the 9th every month since June last year. Today is that day. Seems like all the hype brought in a ton of people and we bought sandbags. Mfkrs

Yeah. It’s gotta do it’s thing

I mean yeah they’ve definitely raised money

But the OS is tiny and market cap is 400k, and the AS is only 1Bn shares. Even if they max the OS the MC will still be under 1Mil. Anything with any substance that comes in will have a substantial impact

But yeah I agree it’s a lot of volume for not a lot of movement. After the walk down it’s not surprising to see people take 50-100% profits off the bottom, but it is at the point now where everything looks like it could break back the other way

I mean yeah they’ve definitely raised money

But the OS is tiny and market cap is 400k, and the AS is only 1Bn shares. Even if they max the OS the MC will still be under 1Mil. Anything with any substance that comes in will have a substantial impact

But yeah I agree it’s a lot of volume for not a lot of movement. After the walk down it’s not surprising to see people take 50-100% profits off the bottom, but it is at the point now where everything looks like it could break back the other way

The whole float traded last 2 days, either they’re diluting, or just about all the sellers holding low trips got shook into accumulating hands. Accumulation was strong, a big cont. divergence is jumping up and down on the 1hr, MACD on the daily looks like it’s about to cross positive for the first time since Nov 2022…

You’d think with the work put in something is in the pipeline. This seems like too much smoke for no fire

If news does come out with the launch pad and awareness it’s generated, it’ll go absolutely nuts

They usually dilute on the 9th, it’s two days before. What better way to dilute than stimulate interest to sell into.

40MM+ shares were sold off the Ask at 8’s, roughly the same as the one big buy which kicked it off from 4’s. Someone got paid, a ton of people slapped the Ask, Bid is now stacked with retail money

If you were an MM with a ton of diluting shares to sell, how would you do it?

Still no catalysts, 8K, news, notta. Just hype and a technical picture. Tread carefully.

Can’t find any info about anything upcoming here. If you have any links to any DD that would be awesome

I bought some for a potential DCB through a direct access account, just to see if there’s any difference in how it reacts opposed to the obvious retail routing. Interested to see what happens now. The amount of fkery on this ticker is wild

There is a chance they make it through the process, but it’s a very small one. What’s more than likely is they’re milking as much as they can to pay off as many people as they can. They may clean up the ticker for another company eventually, but who knows how or when that’s gonna happen. It may take years and will go expert market before that if they don’t renew the filings soon

It’s very clever because with the stuff the HSS said in the “leaked” document, and the stuff Item Nine are posting on their FB, it looks like they have all the chance in the world of updating the filings, coming out with news of a buyer, and boom it’s a party

The DEA are the only ones who can change the scheduling of a drug, they usually go with what the HSS says. Hence the weight of the leaked document. Biden wants it to pass because he thinks it will equal a ton more votes. So there’s that whole narrative. But this has been going on since literally the 70’s, every time there’s potential legislation change MJ companies get pumped

The SS still looks nice. It’s very inviting it got me. But when the filings didn’t happen it very quickly dropped through the 0.001 threshold trapping those watching it bounce around between there and .0015

I think the price is being very cleverly manipulated, it has everything to make it seem like a credible possibility, only to watch it go lower and lower. You’ll notice the big dumps didn’t actually move the price down much, they absorb it, then sell it back off the Ask

Couple people online making the technical analysis argument, which draws bullish divergences with every new drop

Bear in mind too now the price is this much lower each tick represents a larger percentage up or down

There is a chance they come out of this. But it’s very small. The reality is they’re a company with no ceo no filings and a lot of people to pay trying to sell a business in a restricted market. Which even if rescheduling happens, it’s not gonna change much, because it’s still technically illegal and de-scheduling entirely is very unlikely

If they find a buyer, it’s game on, and that’s what everyone wants to think if you’re eyeing this up or still in it bag holding

If you look at the volume profile this has never had much vol in it. This recently is by far the biggest vol it’s ever had and it’s mostly shares being dumped onto the market

I hate being a nay sayer. I never usually am. But in this situation I think people are getting hosed, that’s everything I weighed up and considered the last few weeks… thank you for coming to my Ted Talk.

And ps. Sorry KJV this isn’t aimed at you it’s a general TLDR splooge to whoever is reading this page

Yeah there was a period above 0.001/0011 where it would pop back to 0.0015 or higher easily looking like there weren’t any shares available between those points. The clue was that they were filling low retail bids, mine got filled around that time and I remember thinking, if they’re soaking these up they never let low retail bids fill that easily

Now there’s heaps overhead resistance. They’re just buying off the Bid selling on the Ask, dumping more shares onto the market moving it down each time trapping those above

Hopefully someone who reads this looks at the price action and makes a mental note. I read a line in a book awhile ago said “bottom pickers get smelly fingers” - they’re not wrong

The unemployable bit got the last 1%

Awesome. I’m not employable enough to have a LinkdIn account.

They made money printing shares if there’s intention of sticking around they could update the filings

Saw some technical analysis posted but the chart is pretty meaningless at the moment

If they want to show we’re not just getting milked, they could give us some real updates

NEW BUYERS READ

The only way this works out is if they find a buyer. To stay tradable it needs filings.

There is no CEO. All assets are under control of the receiver, Jeremiah Foster from Resolute Commercial. His number is on their website. I haven’t been able to reach him yet.

https://www.marketscreener.com/quote/stock/ITEM-9-LABS-CORP-111314435/news/Item-9-Labs-Bankruptcy-Form-8-K-44384121/

https://resolutecommercial.com/our-team/
Jeremiah Foster

The company handling the sale are Sharp Capital Advisors https://www.sharpca.com/contact

If filings stay out of date and a buyer isn’t found, eventually it will move to expert market or be delisted

Lately blocks of shares have come onto the market. Some shares are bought, there is a small pop, people buy more in anticipation, then more shares appear and it moves down trapping those at the last level. RSI is screaming reversal but every new bottom gets diluted into

The RR if it does work out from here will be epic. But only put in what you’re comfortable losing

It needs:
- FILINGS
- NEWS OF A POTENTIAL BUYER

GL to all

Seems like they created strong revenue producing assets and they had/have good products. Whether or not they all get sold depends if a buyer is secured and a deal can be struck

Some documentation by the Dept of Health which was previously redacted appears positive for legislation. This article is 10 hours old

https://www.marijuanamoment.net/federal-cannabis-rescheduling-docs-released-newsletter-january-15-2024/

All BS aside this is looking more and more like a trap. I usually like going for things that don’t look pretty on surface but that is also a bias on my part

If you let volume lead the way, you might not get the same RR but will save a lot of time and effort trying to predict what happens next or getting diluted on. Sometimes you get diluted no matter what when a company is obviously in debt it’s not the greatest starting point

I wouldn’t throw your money in here until these is a clearer picture what’s happening

Cheers

Dilutes every month on the 9th. New buyers come in, get bagged, bumps up a little, dilute, repeat. Needs something big to materialize to change, no catalysts on the horizon atm. Then once it’s at the bottom can RS and repeat. There’s lots stocks at the moment with momentum and great catalysts don’t put your money here

Right on.

That was a joke and a compliment. Who do you work for?

The Maniana guy’s tag line says to do the opposite of what he thinks. I’m just following his advice

It’s just unfair that it makes all his posts right either way. Good hedging

Let’s take Hertz for example. A large stock that went into bankruptcy and came out of it

Or OTC stock SRNEQ, came off the bottom ran from 0.02 to .24 in 2 days just recently. Supposedly also bankrupt. There’s a lot of examples. All you can do is look at what the company has going for it and make a judgement call. It is risky

People with Lev3 info bashing OTC stocks is weird to me. It’s not cheap and usually requires a series 7 license. It’s either provided by their company or they pay for it and probably do this for a living

Reading through this board it’s odd for someone with Lev 3 access to sh*t post stocks they’re not in. You would think they have other things to do..

If this does go up a lot of sellers have been taken out between here and 0.003. They usually file on the 12th, we may see it on the 16th due to the long weekend. A lot of shares changed hands down here so either some people have some big bags of poop. Or we see some green dildos esp if MJ legislation progresses

This is just my take on it, it’s risky af, but stranger things have happened in the OTC. Bet accordingly.

Tried contacting Robert Mikkelsen yesterday their CFO. No response yet, not surprising. He did recently accept a job for TEGO to clean up their books and filings. He starts on $10k a month and if successful makes $20k a month. So he retained a good reputation and out of INLB’s executives is the only one still working for INLB. It says in the 8K he retains his INLB position.

This could be taken positively or negatively, he must be considered good at his job. It’s also clear he has another job. It’s not that uncommon for CFOs to work for several companies either…

More dilution. Is it good or is it bad. I’m guessing we find out when the govt talks about MJ developments next week.

In receivership. Big revenues, looking for a buyer, I wrote a bunch of blah blah with my take on it in my last post

The L2 action is interesting, could interpret it either way. The Unrestricted was 28mil in July, 150mil now. Still very small. For now

A lot of odd L2 action last few days. T trades at aggregate numbers. Beatings down followed by large blocks. Either dumping while trying to keep the SP as high as possible. Or shorting and soaking up shares for a sale that is pending

Last balance sheet was 52MM net +ve assets to liabilities. $70MM in accumulated deficit but $140MM paid in additional capital. $20MM revs. $180k in cash. Far better numbers than most OTCs

They still managed to lose $12MM in the last year. A very productive operation, very badly managed

OTCQX, highest reporting tier, to delinquent in 6 months is wild

You would think with this inventory, revenue and infrastructure it would be a good candidate for a buyer to clean up and make profitable

The retention of Sharps is positive. If they find a buyer it flies. If not disappears taking all $ with it

It’s a coin flip, but with big RR potential. So the right kind of coin flip at least

Yeah, DPLS went to .20 on a 4bn OS I think

$MTPP looking more and more tasty. They stated they are looking to uplist to OTCQX. Bare minimum pps is $0.25 for that

The $75MM funding alone on this OS gives a 0.30pps. Homebuilding price to book is a *3.0019 multiplier, Real Estate *10.0117 https://eqvista.com/price-to-book-ratio-by-industry/

With what they have going on and how this moves, a $0.90pps isn’t off the reservation. Already tapped the previous high without any significant volume

$MTPP could have a huge week this week. They have their funding, $75MM on a 250MM OS, minimum pps should be 0.30. Price to Book value on Homebuilding is 3.0019, on Real Estate it’s 10.0117. The float is tiny and trades like it’s locked. They just increased the restricted inside ownership. The incoming CEO is very well known and respected at what he does and also a partner in a VC firm. Game is very much on!

$MTPP - incoming company $75MM funding, $400MM private assets. High end property development on Long Island. 38MM US 5MM DTC non-dilutive SS, trades like it’s locked. Only just getting noticed

$MTPP

https://www.globenewswire.com/news-release/2023/11/16/2781849/0/en/IBN-Coverage-Initiated-for-Mountain-Top-Properties-Inc.html

$MTPP moving on air

MTPP merger - incoming company OnSite Construction. Property developer on Long Island, Joe Kelly. Separate funding LLC handling capital - $75MM. OnSite have $400MM in assets themselves. There are other investments along that

Very clean financials. No notes, one previous preferred share holder. Only $68k of liabilities, $170k in accumulated deficit

US is 38MM, SS has remained stable for a couple years. Seems very well put together

Someone took 180k off the 0.014 Ask and they moved the market 0.03, hit 0.038. 170% in 3 minutes. New company added 10MM to inside ownership, zero dilution to the 20MM float. Great fins. Looks like it’s built a launch pad

Links to updates. A lot of work has been done to show up with all this complete, no LOI’s or prior fluff PRs. Shows solid organization, patience, attention to detail. This is well put together

https://www.mountain-top-properties.com/
New Website

https://www.sec.gov/ix?doc=/Archives/edgar/data/1658521/000101738623000347/mtpp_2023sept30-10q.htm SEC filing

SOS filings are also up

https://hybridfinancial.com/
Accountant handling merger

https://www.hqxpress.com/
MTPP logistics investment [/img]

Some awesome DD here now. I tried contacting these guys a while ago, every point of contact was a dead end. A lot seems to have happened

Joe Kelly of fulfillment partner On Site Construction sounds like the real deal, with a resume of some of the nicest property in Sag Harbor NY and $400MM of real estate. MTPP’s creation of Capital Fund LLC means $75MM is raised separately, protecting it from dilution

They’re invested into warehousing and logistics operator HQXpress. They’re also invested into developing AI based software to facilitate real estate services

The website looks great, all the filings are up on NVSOS. Looking like it has massive potential now on a small share structure that hasn’t changed for years