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TT Cedric via LI, big news next month
Hey Coleton, Jacob here. Thanks for being on the call. Looking very forward to seeing Pink Current
Price for shell is probably ~$100k, can probably negotiate down since it's unrepairable without use of litigation
Reach out to M M G and mention that Frank @ Alpharidge is needing contact info for Philip. He'll know who Frank is; NWTT was originally an MMG ticker from 2015 until Frank bought it from him.
Predictions on what happens next? The filings were ready to be uploaded
Stay sharp gents, there's no proof that the shares were dumped by a noteholder. Could have been someone who was stubborn, bought at 2s and decided to sell for 1s, etc. I'm paying attention as well, but would never even think about putting a cent towards this until it's current again.
In here with 19M shares, willing to load up even more once 9/28 is met and there's more news for Q1 2022
I like you all, but realize you can make back your losses with 1-2 plays. Get out of here, earn some profits and you can always rebuy. This ain't going anywhere
$bluu Oren Klaff - (310) 359-0779
— Jacob Rothenberg (@RothenbergJacob) August 27, 2021
Justin Berger - (310) 890-5059
1 PM PST
Not since the 8K, and even then I would not hold weight on anything that it stated until proven otherwise
If no news Friday I will leak numbers
The only measure I have not taken is disclosing the personal cell #s of IC...it might do more harm than good to annoy them, but at this point there's not much to lose. Thoughts?
The class action will take months, if not a few years to completely play out. I am already recovering my capital from other stocks after having fully withdrawn from BLUU. Note, SPQS is Miro's next bi-polar storyline....he seems to pump up the stock when it reaches below .0035...it is good for swinging around.
A run past 8s can only be driven by a news catalyst. It's up to Kovac / Intersection Capital to deliver
Prove he's working on the merger as opposed to doing nothing and writing the transaction off his taxes
MMG correspondence given to me by fellow ST member......no plans set at all for the future. Move on
I may jump back in at some point, but during the interim I'll use the money to make money on other plays. The lack of further communication from Kovac killed my enthusiasm
Last dump was me, out for now
One question I have - how was VGTL able to successfully merge in spite of carrying toxic debt on its shell? Was the debt significantly smaller than what BLUU is facing? Keep in mind that a "vintage clothing store" took over the shell, not a particularly huge operation...
Politely disagreeing with Jagman - I am of the belief it is 1 creditor. Most of the creditors on the January list have already settled & received compensation or a convertible note.
Unclear what viable solutions remain. I wouldn't hold my breath on the class action doing anything. The only REAL solution is for the SEC's new rules to take effect on how soon convertible notes can be utilized. I personally believe this to be a waiting game that will be either very boring, or a complete waste of time altogether.
Work on other plays / opportunities other than this one for the time being. I still hold my 50M shares but am making $$$$$ outside of stocks to make up for this potential loss. Everyone who chooses to hold should do the same.
Have asked Oren for 411, he has seen my message. Hoping for any hints on further development
IC has not said they are out of the deal. They continue to hold 33% of the preferred shares. Hold and wait or get out of this play completely IMO.
It was sold to Philip Kovac. Future plans unknown
Read newest 8K...
Lane knows better. Come on man
For both our sake, I sure hope so
What's your rationale for adding? Think they have it in them for 1 more swing play?
Did you all roll over and die? Lol
Brattle, you received a generic response to all queries. See this reply in response to another party https://charts.stocktwits.com/production/original_365130732.png
Got a reply from IC......more news coming once I can pry it out
8K stated MMG would be out, lawsuit aside. Either IC & Kovac are working towards a solution or all parties gave up. Will check with IC
Pursuing options outside of class action is actually advantageous...the lawsuit is likely to fail
8-K stated that filings would continually be made, and thus we will either have shell status or pink current.
I didn't want to post this in public because it may scare some people.....at the end of the day, it is 1 man's opinion....but is the opinion of someone in the same space....unless your P/K is an absolutely force, this lawsuit will not work
On the contrary...I spent the day with another M&A CEO who knows Miro personally. Over $1B in deals, bigger player than any party involved in this play. The class action lawsuit probably won't work. I can do some favors for the contact here and hope to ask for meditation on a settlement but I need help getting a communication line with the lender directly.
FYI people in the M&A world are aware of this situation...but no one wants to interfere out of respect for the parties involved. Best we can do is act as shareholders wanting to find a solution instead of going to court and losing.
SOS twitter
If I ever see this go down to 4s, I'll have 100 million reasons to play... :)
Am of the belief that this is going to bear fruit, albeit later than we expected. I am personally working on other ventures to generate cash, and am going to be checking on BLUU less until the next major catalyst.