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Deals in the OTC space are super fluid. Similar to VC's who look at 10,000 deals per year to finally invest in maybe 5 should give you a sense of how rich the pipeline of companies willing to merge is at any given time. Finding a merger candidate is not the issue. Finding the right one is. ...and that requires a favorable environment.
Ending 2024 we will potentially see interest rates drop further by 100 basis points or more. We'll hopefully have a new elected President that everyone will accept and finally, the war with Israel may (fingers crossed) reach a peace treaty of sorts. The world can only fight so many battles for so long. Israel's debt was dropped to BBB by S&P. The increasing cost of the war should have a 'pausing' effect. Hopefully too, it will be a lasting peace treaty. My guess is that we'll get at least a one year reprieve. Who knows? Some are predicting WW3. I personally don't see that happening.
On a brighter note, AI is taking business by storm and will show up in productivity gains throughout many bottom lines. Evidence of these gains can be seen in social media comments, daily.
The FT is also predicting a strong comeback for IPO's next year. I would expect the OTC to coattail on this trend.
I'm sure GS and his colleagues are aware of these trends. There's no reason to think otherwise. In the meantime GS is cleaning house, settling scores, and prepping his tickers for an OTC resurgence. What I will add is that no matter what happens, the only way the OTC will work for GS is if liquidity increases. That's a fact. No volume = Zippo movement.
What he's probably realized over the last few years is that he can no longer count on the OTC to attract liquidity the same way as before. Instead, he has to carve out his own niche. He's doing it by 'raising the bar' and tagging his tickers with an improved OTC reputation. If and when he succeeds, we can expect much of the existing volume and then some in the OTC to move his way.
JMHO
Watch and learn...
Start by reading his tweets on Rosen's case. That was beautifully done. Without lifting a finger, he let Rosen bury himself alive. Then there's DivinciPAY. Looks like she's headed to the can too. I'm sure they'll be a few more before GS feels like he can move forward again.
He's take a page from the British way of enforcing the law. They used to hang their criminals at the end of London bridge for all to see. BTW crime dropped quickly thereafter.
If GS were 'robbing us blind' as you claim, he'd selling shares of his tickers the same way Rosen and all the OTC scammers do.
Well, let me see. I think I recall an incident in mid March of this year... I guess you were too busy bashing GS to realize what happened. That explains it!
Use your common sense, if you have any. GS can't place a ticker in the OTC until he carves out a safe haven for them, otherwise, what happened with GVSI will happen again. Duh!!!
You seem to be obsessed with GS's horses and stables. Maybe he has an opening for stall cleaner for you. I'm sure you'd be more than qualified.
I disagree. GS is not trying to 'boil the ocean' like you seem to suggest. He's going after those that have gone after him, otherwise, he can't bring in a new company. He's also sending out a message to any more 'would be' scammers to stay off his properties.
It's funny how you flip so easily. One GS tweet, and you'll be singing his praises. Best that you focus on something else and let this situation brew appropriately. Eventually it'll happen. Be patient.
GS's timeline remains a tough call considering recent global events. What we do know is that he is cleaning house of the OTC for a reason ...plus he's paying to keep his tickers current. He's literally putting these bad actors away in, I might add, a clever manner. It's not pretty. These guys are bad a$$ thieves. Yes, you may feel that GS is one too but that's your call to make. No one else's. Truth be told, a 'nice guy' wouldn't be able to pull off what GS is doing. We can only hope that he pulls off his plan and keeps his word.
It could happen in October or later... but my better sense says that it WILL happen. I just don't know when, exactly.
If you own shares, keep them. If you can buy more shares, take advantage of these very low prices. If you can't hang on any longer, then best move on.
Whatever you do, don't waste your life away bashing GS like some have here. It's not worth it. It will happen, when it happens. Not sooner.
JMHO
You and I both know that he can regain his 'prestige' with one tweet. Be patient.
FACT: GS is putting OTC crooks away, one by one.
LIKELY: When he's done, he'll release his own tickers within an OTC that actually functions.
REALITY: OTC has always been a den for thieves. GS is cleaning house. It won't be pretty. It may take some effort but in the end, it will be worth it.
If you can't see what's happening, you may repeat your screw up with TSNP, once again.
GS is cleaning house at the OTC just as Israel has been getting rid of known terrorist leaders in the Middle East. The expected outcome will be similar for both, a new world order. When he's done, we could very well see an OTC that actually functions the way it was originally intended by attracting valid investments, while rejecting the notorious crooks. Imagine that!!
Personally it was not what I expected from GS, but frankly the GVSI incident must have felt like the Oct 7 massacre to him. I don't think we can appreciate his ire nor to what extent he plans to go with this efforts. One thing for sure is that he is raising the bar for future OTC companies including his own. If he succeeds in changing the negative perception of the OTC to a positive one and positions his own tickers as initial examples, then it will all have been well worth the wait.
So far his progress has been notably stellar. What remains to be seen is how much further does he plan to go before calling a 'peace treaty'. My personal guess is sooner than later... (i.e. 2024)
JMHO
It's not illegal, bozo. LMAO!
Not what I said. Read it a few times. Maybe, just maybe it will sink in. Hint: Read the entire sentence, not just the excerpt you want to bash.
Dude, I just Googled it. Nothing more. It's not than complicated. You can do it too, if you try. ...but first, get off your soap box because no one is reading your posts, including me. They are too long and full of hate.
Time for your meds, I see.
I found it in an excerpt explaining SEC laws. What it says would apply to FORW and SRNW. Sorry for any confusion. It was unintentional.
This might help answer your question...
Some thoughts... If you've been reading headlines lately, you know that Israel is determined to eliminate/permanently neutralize both Hamas and Hezbolah. They are getting rid of all their key leaders and changing the landscape for good.
...on the other side of the world... our super pro Israeli, GS seems to have adopted the same blue print with the OTC.
If I'm right, then all of GS's tickers will be leading the charge within a new OTC that will attract more and better investors.
Wrong, again! Cut&Paste I-Glow!
Warrants are like options. One pays to have the option to purchase shares at a fixed price within a specified period. In this case FORW paid SRNW $400,000 cash to SRNW in exchange for the two warrants. I'm guessing the $400,000 came from the $2m GS received from HMBL's warrant settlement.
SRNW used the cash to pay down its debt, which frankly were fees for GS's consulting etc. plus accounting fees etc.
Theoretically the warrants issued to FORW that expire at the end of this year could become worthless, if the merger doesn't happen or GS chooses not to renew or extend them. My point being that he doesn't have to 'return them' as you indicated. If the merger doesn't happen in 2024 or is delayed for some reason, I would expect GS to extend the warrants or cancel these and reissue new ones with a modified striking price.
It doesn't cost him anything to do so and would buy him more time, if he needs it.
I agree. It's currently trading below fair value of $0.014.
The only way SRNW could have been 'sold' prior to a merger announcement (and DrugDoc is right about this...) is through a handshake among friends. There is, however, something to be said about timing a merger based on market conditions. You could be right in saying that the deal is done but the timing remains an issue. Perhaps they are waiting for the US elections to be determined first or for more evidence of money rotating out of high tech into mid and small caps.
I personally tend to lean on the latter. I believe we'll see some market corrections in October, which will result in significant portfolio readjustments. Profits from large caps should move into mid and small caps as interested rates continue to drop.
JMHO
Wrong again! Well, at least you're consistent.
Interesting observation. Basically, if your third point is true, which is very likely, then, yes, the August '23 deal may still be on the table. You are, of course, assuming that 'doing nothing' is actually 'doing something'.
GS has stated repeatedly that he plans on retiring and merging assets to all of his tickers. However, history has shined light on some key details. For example, GVSI has been pushed to 2025 and beyond due to the March debacle. So don't expect anything there to happen for some time. WNFT is a toss up and more likely will be extended like GVSI. That leaves SRNW and FORW as the likely contenders with SRNW potentially leading the charge and FORW holding some of its warrants.
However... we still don't know the outcome of the FORW's 5 agreement drafts that were pending approval. That deal could also be the first one out of the gate prior to year end.
Shell's are like real estate property. Once sold, the new owner can do what they please. ...and prior to selling the seller can make any last minute changes to sweeten the deal for a proper close. In the meantime, the warrants and share assignments are only as good as the current deal backing it.
They can be changed at will.
JMHO
Wrong again and as usual taking stuff out of context to meet your angsty needs. Did it ever occur to you that no matter how much GS bashing you do, you'll never get back the millions you watched pass you by with HMBL.
Painful, I'm sure but certainly not worth wasting your life over.
Warrants can be reinstated, removed, and modified easily. When GS is ready, he'll do what he's done before, reinstate and readjust the warrants. He's not a soothsayer. When he issued the warrants and their corresponding striking prices, he thought that the market and his deal were ready to go. Stuff happens... When he's ready, he'll fix it.
You like to get your noodle all tangled up over nothing.
What difference does it make? You're so petty and myopic with your posts. Rather than offer meaningful insights, you're simply looking to nit pick on nonsense such as who executes vs who overseas... Who cares? The issue is about name changing frequency. It's inherently limited because of the number of steps involved, expenses, and monitoring.
Back to my original point...
No, I don't believe GS will change GVSI's or WNFT's names when he already has SRNW in play.
FINRA is overseen by the Securities and Exchange Commission (SEC)... So what is your point? As usual, spewing nonsense...
Actually that's an interesting question. GS took the trouble and expense to change the names of both GVSI and WNFT with the hopes of attracting a suitor. He might have also had a comprehensive strategy of attracting multiple companies, since he opted for the term, 'Global'/'World-Wide' in their respective names.
When he changed the tickers back then, crypto, blockchain, and NFT's were all super hot topics. Today they have cooled off considerably. In retrospect the preempted name changes may not have worked out quite as he had planned, which brings me to believe that with SRNW, GS may feel that the name change was both limiting and unnecessary, ...and as a result will choose to let the merging candidate make their own changes.
JMHO
That may be true but GS already has another ticker ready to go that hasn't had a name change... SRNW. I would guess that the SEC would frown on someone changing their name like they change their underwear. There's likely a limit or limited time period.
Not what I said. Read it again and again. Maybe just maybe it might sink in, but I doubt it.
You're assuming that a 'decision' is a final outcome. Based on the numerous delays over a legal technicality that has little to do with the actual case,
Sheesh! You don't give up on bashing GS. You know when he's ready he'll just reinstate the warrants accordingly. Pretty obvious...
GVSI needs the most fixing of the pack. Maybe some day, GS will get around to it but why spend time and money on it when he has SRNW and FORW ready to go?
WNFT is a total crap shot. I expect it to continue in the courts for years to come. No one on the NVSC wants to make a final decision on it. That's been too obvious so far.
I hope you use a lot of cut & paste, because the time to type up your posts is time wasted, ...and I mean a lot of time.
Not so smart, after all!
LOL!
Are you talking about bitcoin? Yea, we already know that.
I did already for those that follow my posts.
SRNW's OS is 50m
FORW's OS is 500m
FORW owns SRNW warrants plus has a history of owning other warrants from the other GS tickers.
You do the rest...
Spoken like someone who has one heck of an axe to grind. You had one bad call in Nov of '21 (selling out of HMBL too early), and now you seek compensation by bashing GS 24/7 to others you don't even know or care about you.
Truly sad...