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.
Has anyone seen anything about the "actual" NFT Marketplace. Is it a go? Are we going to have a company after all this waiting that actually generates some sales?
Great call out. You are spot on! I had only put up a little over half of my shares. I had 2.7 Million shares prior to the share split.
Correct! :) The close the day prior to the split was .0085. What is killing me is that the Bid today is at .03. I am hoping that no unsuspecting person accidentally thinks that we are on the "old share structure". The spread between Bid and Ask today should be criminal! They should close that so someone doesn't make a HUGE mistake selling for .03.
Hang Loose, you probably have figured out that the 1 for 100 is nothing but "window dressing". Nothing changes as far as the dollars in your account. The share price being higher makes it look like there is actually a going concern on the other end. Reducing the shares outstanding can also benefit the company during big volume days. (Should they have one) :)
My shares went 1 for 100 in my Fidelity Account. You are correct on what you saw. I was the sell earlier and yes, I had 1.6 Million shares pre split. I had a sell in at 1.25 which is the new equivalent to my "break even" to try and get out of this stock. I had a fill for just 900 shares total. After that the Ask moved to 1.24. When I put in my break even--the Ask moved to 1.25. The Bid hasn't changed much of the day. It is showing you can sell for .03.
That being said it would “behoove” us all to help keep the share price up a bit so when the day comes that we must lock in the loss—due to the new reverse split value, that we don’t set a new permanent low as our locked in basis. Am I thinking this through correctly?
Team, when this thing goes through, it’s 100 = one reverse split, do they use the share price that is current on the day that it happens?
Good call! I utilize Stocktwits as well.
Nice job Texas! Love it! Defi is super close to its long awaited breakout!
I agree with you. I am trying to figure out what is the difference between 100 Pennies versus 1.00? Ha ha. Same value.
Thanks Lamb. What if we get a symbol change and an NFT website? How does that impact the gloom and doom. Haha. The thing that puzzles me is that they told us that everything was done and submitted to FINRA. How did we miss changing the name? That didn’t have to be in place first? Can you see why they needed one to one? Is this their first rodeo?
dos.fl.gov/sunbiz/search/
Click Name
Type in Buildablock and hit search now.
Document number: P000053335
This is where the name change was filed and reverse split.
Open a PDF of the filing
Each 100 shares of the current BABL corporations common stock will be combined into one share of common stock for the new NFT, Marketplace, Inc. Stock. So in other words, take your share account currently and divided by 100. 1 million shares becomes 10,000. Etc.
They are planning on having the ability to issue up to 503 million shares consisting of 3 million preferred stock shares. Keep in mind that the right to issue is not the same as the current shares, outstanding and float. It’s pretty much the same as we currently have.
Correct.
Share value is identical after here types of splits. They are just boosting the share price so that they look legit. It is opposite of how good companies do it. High value companies actually split to reduce the share price.
I just bought those 30k shares. Strange, the first 10k shares were actually at .018, after the transaction the price dropped to .017.
Check Florida Articles of Incorporation name change. It was approved. Don’t confuse this with Finra. The hundred to one is spelled out in the second paragraph.
Hey, not to worry, you can’t sell the shares it anyway. Ha ha I had .018 in earlier today to see if there would be any nibbles. I’m trying to re-allocate a few funds to something else. Not so much as a nibble.
Interesting comment. If the shell status is removed, then by default, they would need to report current business transpiring under the BABL symbol Would they not?
Team, it is my opinion that the holdup at FINRA is due in part to they’re having zero sales from any business operations. Think about it for a second—you just did a whole bunch of filings going clear back to 2012 to get your information current for a previous company. It has nothing to do with you. Yet, current information shows zero sales for any enterprise. No concrete completed business to begin reporting on. Imagine your FINRA: wouldn’t you be saying, “so why are we repurposing the shell if it’s not for something that is currently a going concern?” As we have found, they put the cart before the horse. They just simply assumed that all they had to do was polish up this old shell and without a finished site, that we would somehow be worth $100 million dollars. We’re still waiting for the NFT Marketplace?
Somebody just”painted the tape”. Who just paid .028?
Lamb, could warm me up a plate of crow? Ha ha. Looking for greener pastures.
With luck, I will eat an enormous plate of crow, and this baby will give us all a great payday!!
So, you go back to their Q1 Update for 2022- and you read this:
“The massive progress made during 2021 and Q1 2022 maintains the expectation of NFTM going live in October 2022 with a $100m Market Cap. Our advisers believe this could be significantly more as the NFT space is exploding. “
This information, had it materialized, implies that a Market Cap, would exist. That means that there would be a stock with a share price WAY above today’s. Well, sorry for my rant, but we have no marketplace finished, and no tie to any results of the unfinished marketplace. Instead we have been digging up results to complete the reporting of a company that doesn’t exist.
I sincerely hope that the company makes it right and that we are handsomely rewarded. Particularly those that have held for so long. Hats off to all the faithful. I am freaking out, because I can’t even unload shares at .02.
Great call out. I do hope that everything promised-materializes. Or that if they don’t have an NFT Marketplace up by the end of the 1st Quarter (End of March) that they prepare a letter or press release to explain the plan again. The New Plan. Also, a direct explanation of we have and what we don’t have from the old plan. This “Coming Soon” BS info they share is like someone telling you “I’ll get to it”. It’s a stall tactic and a great way of indicating that they are no longer in control of the parameters. They have been sending updates with the NFT Marketplace name since January of 2023. Cudo’s to those that have been on board with this for multiple years. I will have just one year come April. What I have seen in nearly a year is simply a timeline when things were to happen. I have been told that that their filings to FINRA failed and they asked Finra to hold their hand. Think about it, if what truly was missing was some old reports back from 2012 and they provided them then what is the holdup? I know we don’t get to dictate when FINRA completes things, but still no indication from the company.
Team, I have 400k shares that I want to move at .02. I have it out there right now if you are looking to add.
Fair enough. 02 can be arranged if that is low enough. I need to reallocate a few funds. Let me know.
What price are you looking for?
I like your thinking on your note. Maybe the question to ask is, “Did Finra say no?” I keep seeing coming soon about the NFT Marketplace, but no details about Finra finality. Perhaps you don’t get to know until Finra tells you. Haha. Problem is that in the initial communications about this venture we were led to believe that the group of attorneys and counsel representing this enterprise-had done this sort of thing before, and would have or should have an understanding of the timelines involved. They have literally missed every timeline on the timeline. They have left everything vague and don’t seem to be leading, but rather following. This somewhat leads me to believe that perhaps they may be underfunded. Just one persons opinion. Not fact.
Partnership Brand announcement on Friday March 1, and no one is coming to the party today. 4 hours into the trading day and not a speculator to be had? So, as it turns out, one little tiny, obscure line of text on a website timeline is not enough to get people knowing about this opportunity. Ha ha. Dang the bad luck. I am under whelmed.
Excellent info! Thanks for sharing. Digital ownership certainly will be the next phase of Web3. It will be fun to see the partnerships that NFT has put together. It opens the door for assets that may not currently exist. Pretty cool that they can literally create assets out of thin air. Big opportunities here if there is some actual investment in the enterprise. Let’s hope that this NFT Marketplace is for real and that it all pans out.
So I googled the term partnership brands. “A mutually beneficial agreement between two or more businesses. All parties agree to help one another by promoting and sponsoring each other or creating content together. Brand partnerships aim to increase brand recognition and ultimately boost sales and customer loyalty.” Team, am I the only one that thinks that announcing the partnership brands does not imply that they’re starting up the website?
Does anyone have a good feel for what the term “partnership brands” means? That term is just a bit vague for me.
Love it! This is definitely an “are we there yet”, each time there’s a slight update it’s honestly just to tell us that there’s going to be an update soon. All good. It does at least show us that they’re still a heartbeat. Ha ha.
An update that there’s going to be updates. Ha ha.
Thanks Lamb!
Love it! I say somehow we figure out how to use the word block. Ha ha. Build a blockchain ______, seems to lend to the current name. It is also the place where NFTs are certified and reside. I’m sure everyone right now is just going Oh brother, hasn’t he gotten anything better to do? Ha ha.
Build A Blockchain Legacy. Ha ha
Buy A Blockchain Legend. Ha ha
Love it! That brings up yet another question. Can we change the name of Buildablock to NFT Marketplace without changing the symbol? This would be an end run around FINRA if necessary. Kind of a DBA. Let’s figure out a Motto for our Marketplace that uses the symbol BABL. Ha ha.