Retired investment banker, private investor and executive (C-level) consultant. Investing/trading since 1981
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Second warning, post it again and see what happens, knucklehead…
Exactly…
Sorry but no pinks or OTCBBs on this board…
I’ve had SMX on watch for several weeks and after looking at the filings yesterday I passed and, fwiw, they need money and could be setting up for another offering…
Excellent…
Yes, working now…
Just got this…
503 Service Unavailable
No server is available to handle this request.
The past ten minutes the site is slow as molasses, taking up to a minute for posts to show after hitting next, the only site doing it…
All the rest of sites I traverse are working fine so it can’t be on my end…
Flippers be flipping, not expecting a run until record date announcement of the spinoff…
$PVSP In answer to those pesky RS rumors! NO!
Series K shareholders have agreed to a restructuring and spin-off and Pervasip has announced the plans in its March 2, 2023 press release.
1. Spin out all cannabis assets into a standalone entity and uplist to OTCQB, preserve 15% of all stock for float (= current fully diluted %), AND all debt dilution NOT carried by current float but converted K shareholders! Thank you!
2. The remaining Pervasip as a second standalone will see a REDUCTION of KShares from 85% to 20%. NO
$PVSP In answer to those pesky RS rumors! NO!
— Pervasip Corp (@PervasipC) February 6, 2024
Series K shareholders have agreed to a restructuring and spin-off and Pervasip has announced the plans in its March 2, 2023 press release.
1. Spin out all cannabis assets into a standalone entity and uplist to OTCQB, preserve 15% of…
Most are waiting for the record date to be announced for the spinoff, which could be any day. Once announced, that’s when the sideliners will pile in and run the price higher, all my opinion…
Trust me, I know the difference…
That would require further digging for information to make an informed decision…
Just throwing it out here, could mean something or could mean nothing, I’m a student of the markets…
Man, this is weird.
— Jason Goepfert (@jasongoepfert) February 6, 2024
The S&P 500 is within .35% of a 3-year high.
Fewer than 40% of its stocks are above their 10-day avg, fewer than 60% above their 50-day, and fewer than 70% above their 200-day.
Since 1928, that's only happened once before: August 8, 1929.
Sorry but no pinks or OTCBBs on this board…
That too…
Three ways the company survives, imo…
1) Revenue increases dramatically in the next 6-12 months to the point of becoming cash flow positive which enables the company to pay off Streeterville
2) Rory raises more money through Streeterville (another toxic convertible note), keeping fingers crossed number one happens while staying NASDAQ listed which would most likely include another reverse split
3) See number 1…
Happy to hear about this honor! Not only is David a valued member of the team he is also very respected in the oil & gas industry. #00TT; #oilandgas #petroleumengineers https://t.co/KSPkHz8sjR
— PCTL (@PCTL_) February 5, 2024
Enough about the pinks on here, what’s the point of posting when you know better? Happy you’re making money and I also have a few but I don’t mention it here so please stop, gonna start deleting posts even though no symbol is mentioned so please stop, thank you…
No problem, now you know…
Sorry but no pinks or OTCBBs on this board…
Unaudited balance sheet as of 12/31/23…
https://www.sec.gov/Archives/edgar/data/1566610/000149315224004893/ex99-1.htm
8-K filing: https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1566610/000149315224004893/form8-k.htm
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, (the “June 30 Report”), the Company’s total stockholders’ equity as of June 30, 2023 was ($1,818,000).?On August 18, 2023, the Company received a notice from The Nasdaq Stock Market LLC (“NASDAQ”) indicating that it did not meet the minimum of $2,500,000 in stockholders’ equity required by NASDAQ Listing Rule 5550(b)(1) (the “Listing Rule”) for continued listing, or the alternatives of market value of listed securities or net income from continuing operations. Pursuant to the Listing Rule and the instructions from NASDAQ, on October 9, 2023 the Company submitted a plan to regain compliance with the Listing Rule and was given an extension until February 14, 2024 to evidence compliance through a public filing.
As previously reported, on December 29, 2023, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”), pursuant to which the Company sold and Investor purchased 3,000 shares of the Company’s newly designated non-convertible Series C Preferred Stock (the “Shares”) for a total purchase price of $3,000,000 (the “Purchase Price”). The Shares have a 10% stated annual dividend, no voting rights and has a face value of $1,300 per share. The sale of the Shares was consummated on December 29, 2023. Additionally, during the period from the June 30 Report through December 31, 2023, the Company paid-down and otherwise reduced its debt from $8,340,700 to $2,854,486, representing a debt reduction of $5,486,214.
Based on the foregoing, the Company believes its total stockholders’ equity as of December 31, 2023 on the Company’s balance sheet is $3,125,000. The unaudited balance sheet as of December 31, 2023 is attached to this Current Report as Exhibit 99.1.
Accordingly, as of the date of this Current Report, the Company believes that it has regained compliance with the stockholders’ equity requirement of NASDAQ Listing Rule 5550(b)(1) for continued listing.
NASDAQ will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report the Company does not evidence compliance as reported herein, it may be subject to delisting.
I feel the same as you, no guarantees with any high risk penny stock, or any stock for that matter, just different degrees of risk…
I don’t think you understand the math. You’ll still be getting the same percentage of the spinoff and if there is a reverse split of say 1:100, the price will for both will increase 100 after the r/s…
I highly doubt PVSP would be stupid enough to do a reverse split prior to the spinoff…
I don’t have time to explain it now but a reverse split wouldn’t matter since a shareholder will still get the spinoff and keep their PVSP, owning two different stocks afterwards…
And if a reverse split does happen, the price will increase according to the ratio of the reverse split. It won’t affect the percentage of the spinoff you’ll get and whatever the spinoff price would be would also adjust upwards accordingly…
I’ll explain later if you don’t understand what I’m talking about…
Sorry but no pinks or OTCBBs on this board…
About GD Culture Group Limited
GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada holding company currently conducting business through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”). The company plans to enter into the livestreaming market with focus on e-commerce and livestreaming interactive games through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven technology, live-streaming e-commerce business and live streaming interactive game. For more information, please visit the Company's website at https://www.gdculturegroup.com/.
GDC had this news 1/22, who knows? Chart looks good, too…
https://www.globenewswire.com/en/news-release/2024/01/22/2812981/0/en/GDC-s-Exploring-the-Evolution-of-AI-Influencers-From-TikTok-Storytelling-to-Instagram-Allure.html
C ya…
So don’t buy it, what do you expect from me? Come on, there’s big risk in all penny stocks…
GDC another China stock to watch, had a big run last year and may have bottomed, maybe on radar for Chinese New Year…
Couldn’t help myself, for anyone old enough to remember this…
Running out of flippers? Lol…
Got it, thanks…
And MINM getting tougher to borrow could be Lazar shorting against his recent investment and I agree with you it’s likely to collapse once his preferred gets registered which he’ll then use to cover his short, making a boatload…
My cowboy trading days long over and I wouldn’t touch MINM, long or short…
After doing some brief reading on MINM I agree with you, this very well could be a crash and burn waiting to happen so anyone trading it needs to be extremely careful, just my opinion…