Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL, OTCMarkets tags with Caveat Emptor. About two years too late but I do feel sorry for the novice investors who lost all their money. The lesson to learn is if the company has discounted convertible notes on the balance sheet don't buy the stock. They will do whatever it takes to pump the stock to get those shares converted and sold into the market. The profit for them is just too big.
Toxic funding under pressure means big trouble for the OTC. Without capital scammers won't have the capital to stay current and pay salaries. There's going to be a lot of tickers that will go dark and gradually fade away. I suspect most of these convert guys will sell ASAP(as if they don't anyway)and leave the "industry". I don't see them becoming registered BD's.
Agreed. Especially when they are ineffective....
Awesome! Thanks for posting.
Spec money is new money coming in, they are speculating on the COVID news and that more news(good) is coming. Legacy shareholders selling are investors that have been involved a long time and are tired of waiting any longer and are using the new found liquidity to sell some or perhaps all their shares to get capital back. New investors are buying in the 50’s is what I’m observing. The fact that you ask the question tells me this stock might be to risky for you. Penny stocks are high risk, I hope you’re aware of that fact.
Hicks has been running deals through Oscelata Partners as well. Hicks is bigger now than he has ever been...
Hope legacy shareholders got clean, sub penny a distinct possibility here....could have been a legit $5 NASDAQ deal.
Bigger spec money appears to be entering here. Great trading day for this one, legacy sellers being absorbed and price firming. A retest of the high coming soon wouldn't surprise me, jmo.
Got it. So that explains the rush to resurrect symbols, keep them current for 12 months, deposit shares and then come with a promotion campaign for liquidity. I’m on the phone first thing in morning. Do you have Lazar’s number? Give me your mailing instructions and I’ll post date a check for you around 8/21.... or I could gift you some shares if you prefer. Seems too easy...
What is the criteria that OTCMarkets uses to distinguish between a Shell company and shell risk?
Lahr owned BEGI being pumped today. Probably raising some cash before it gets halted.
They can't find a Broker to accept deposit of shares because it's a shell. That's why you have no news, nobody has any shares placed that they can liquidate into the pump. Their going to have to merge in an entity that has assets/revenue, file a form 10 and be fully reporting to the commission for 12 months before the shell status is cured. Not sure that's what they had in mind....
Seriously? You think 3rd party operators are going to be able to continue to purchase white label CBD products and mark it up 5x and sell it on the web? Those days are gone. My guess is mgmt realizes this and plans are in the works to pivot into another "hot' industry. Selling shares, keeping current and paying salaries is the bm here, so the game is likely to continue, but this issuer will never be a player in the CBD industry.
Triton never full fills it's funding obligations. They blow out commitment shares and then walk. It's Kodiak Capital in disguise.....Or not. Issuer's working with this group are most likely to be extremely disappointed, if not much more.
https://www.globenewswire.com/news-release/2020/05/06/2028501/0/en/Nascent-Biotech-Terminates-Equity-Line-of-Credit-with-Triton-Funds.html
Every way, but margins and chain of command should be most obvious.
Whistle Blower's delight. How does OTC Markets classify this issuer as "shell risk" when it's clearly a shell company? No cash, no revenue, they list $81,515 as property & equipment, but no detail. They wrote off some bad debt and called it a gain to show a "profit". Take a look.
Been involved with this ticker since inception. Tough times with run to $60, suspension, reinstatement, business model/mgmt changes etc.... Michael's done a great job nursing this ticker back to respectability and formulating a business model that can work long term. Minimum dilution, patience, building the company as the industry changes,taking advantage of opportunities adding competent mgmt etc.. Good position builder for what's to come.
My largest small cap position. Patience and numbers will always pay in the long run. It's been frustrating, but a $2 print is coming....soon. I think $5 or better is doable over the next couple of years.
Been taking some down the last few sessions. Will renter big on the next pullback, probably Aug/Sep. Still one of the best tickers in all of OTC land.....
Matt cleared the notes, supply dwindling, shares heading higher. Simple math....
White label CBD under pressure....
Toxic funding equates to sub penny by year end, maybe sooner. 60% discounts on converts mean only one thing....
Announce receipt of PPP funds Tuesday, begin pump on Wednesday, #1 on breakout Boards on Thursday, lol. Only on the OTC!
Looks like the toxic note has been converted and cleared. Not sure about .14, but .05 is certainly doable.
Too many toxic notes. If they are allowed to convert it will be lights out for the common.
MCTC another Costello ticker. Looks like heavy promo underway. Filings indicate he bought 1m shares @.025 last summer.
Place your bets. I say going higher, possibly much higher.
Lol at the NBDR situation, using Reg A proceeds to fund litigation expense they have no chance of winning. And of course Alpine makes an appearance. If they continue to hang on, they will have to be elevated to Blinder Robinson and First Jersey status. Those firms date back to the penny stock hay days of the 80's so that's saying something.
Thanks for the link.
Looks like toxic note holders are taking over. Probably won't see any real volume here until sub penny.
Shares have been cheap for a long time. Warren's got the best business model, the industry still has tons of mom and pops and regional players still old school with wood based pallets, etc. Ripe for consolidation. Now with Covid, the opportunity gets bigger as we bring back supply chains where it belongs, here in the US. Stay tuned....
Cleaning up the balance sheet, getting rid of the toxic funding. That's what you want. Adding this one to my watch list.
Price action still a bit frustrating given the numbers and future catalysts but they have the goods. Wts are probably holding us back but eventually we will establish a higher trading range.
Here's an obvious one: CSPS You've got to watch those clever Canadians!
Correct. And the next day a $45k note became aged and completely snuffed out the rally. All I'm saying is if they continue to convert and sell, treading water(no pun intended) is all your going to get. If they lay off for a week or two, you might see .005.
B.Riley on board to sponsor up list to OTCQX.
https://www.otcmarkets.com/stock/GENH/profile
Very good sign, imo.
Note holders continue to convert and sell, lately they won't even let it go up one day without hitting it. It's too bad, because this could really move. Not a strong vote of confidence, imo.
Sorry Bro, but ALPS is untouchable.....It is what it is.
The end of the toxic note scam? Surprised they are going after this firm as they are a relative small fry compared to some of the biggie toxic fund co's.
https://www.sec.gov/litigation/complaints/2020/comp24748.pdf
Trips coming here. All the same toxic financiers seem to show up in the same tickers. Are they all controlled by one entity? It's going to be fun watching them make a horse race out of it....