My common sense is tingling.
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Custodianships are red-hot. LEGE is Arcaro's next monster runner.
LEGE hasn't been front-loaded like so many other current custodian plays and trades like there's almost nothing in the float.
https://www.otcmarkets.com/stock/LEGE/overview
Joe Arcaro is well known for his quick filings to bring shells current and appropriately has a cult following so LEGE will be an easy multiple gainer from this level. 0.0137
The best way to make money on these custodianship plays is to get in before the catalysts, which incidentally start kicking in for LEGE only 3 weeks from now.
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=vvUTyluBU9XAOZqKpllqJA2&tabIndex=3
Richard Chiang's newest custodianship play TBSS will be huge.
That is correct, and it should also be noted that everyone InventaBioTech owes money to is "friendly" to the company (board members, early investors, and other insiders) so the odds of them diluting the stock in any serious way are less than zero.
No worries. I think we're all a bit anxious here. Patience will pay off with this company as they continue to grow their business and make acquisitions. It's not a matter of if but when we see big returns on our investment.
Fair enough. The point I'm trying to make is there is just no way they're going to dilute this into the ground. It would be a lose-lose for both retail shareholders as well as institutional shareholders who own the vast majority of the O/S. Every successful public company sells some shares but any issuance of shares should have a negligible effect on share price. I guess we'll see how the interim CEO performs.
There are many ways for InventaBioTech raise capital. Grants from the government or nonprofit organizations, performing services for other companies, and issuance of restricted stock just to name a few. Stop with the alarmist nonsense.
Joe Arcaro's latest custodianship shell stock is LEGE, it hasn't been front-loaded like some of the other custodian plays and trades like it has an extremely tight share structure.
Also, Arcaro is well known for getting his shells current in a timely manner. This will be a good one for sure.
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=vvUTyluBU9XAOZqKpllqJA2&tabIndex=3
We have a New York investment banking executive at the helm.
I'm excited and intrigued. This Steven Charest could be exactly what the stock needs to increase the price per share.
Here you go chemist72, directly from the website:
"You’ve got questions? We’ve got answers."
E-mail: info@InventaBioTech.com
Tel: +1 210 - 767 - 2727
http://inventabiotech.com/contact-us.html
Knock yourself out.
Well, if a reverse were to happen I would have to agree with your second option as it makes the most sense.
Nice, I'd like to see them update OTCMarkets site next. https://www.otcmarkets.com/stock/INVB/profile
Oh, I'm sure it's gone up some but not much. By the way this trades I'd say that number is fairly close. When you get a chance, check out the trading history for the past few years. It's been anemic.
Dr. Garvin mentioned to me in an email not too long ago that the float was around 700 thousand, I have no reason to doubt him.
It's difficult to say. I've just never seen a name change closely followed by an R/S, they've always been processed by FINRA simultaneously. Maybe something new will happen here but I doubt it.
I'm not suggesting that a small reverse split won't happen later down the road but our share structure is incredibly tight. In my opinion, a reduction in shares at this time would make the float almost untradeable.
A 1 for 5 would give us an O/S of 10,959,752 and a tiny float of about 152,350
A 1 for 10 would us an O/S of only 5,479,876 and a micro float of about 76,175
For what it's worth, uplisting to NASDAQ is definitely in the cards: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145067756
Let's see what they can do with our current share structure first.
Roger that. I believe the name and symbol change dramatically opens the door for the company to promote itself for better investor awareness. I'm expecting good things here sooner than later.
No worries. From my experience, if a reverse split was going to occur it would have been processed by FINRA at the same time as the name change. By deductive reasoning, it is my opinion that a reverse split was voted down and won't happen.
No, I'm being dead serious. That is NOT a "PR". That's an SEC def 14c filing describing the BOD's intention to vote on a name change and possible reverse split. Nowhere in that filing does it say a reverse split has already been voted on or is inevitable.
It would seem the actions have since now been voted on seeing as the Colorado SOS and FINRA have both processed the name change. What I'm not seeing is a reverse split.
So obviously, you are the one who is kidding me.
What "reverse split" are you referring to?
There's nothing in the Colorado SOS filings and FINRA has made no mention of any reverse split whatsoever.
You're welcome. Yeah, nice start indeed!
Name and Symbol change just showed up on the FINRA Daily List.
No reverse split mentioned.
INVB InventaBioTech Inc.
http://otce.finra.org/DLSymbolNameChanges
http://otce.finra.org/DailyList#
Don't see it yet. They just filed name-change with Colorado SOS today: http://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20071480943&fileId=20188038363
http://www.sos.state.co.us/biz/BusinessEntityHistory.do?&cmd=passgo&pi1=2
Speaking of the share structure, our O/S has shrunk a bit:
54,798,761 as of 10/17/2018
54,113,880 as of yesterday.
https://www.otcmarkets.com/stock/WASM/security
Yikes. HDIH down another (-62.69%) Happy New Year!
Yeah, .02 sounds right. With RNGC's low O/S I was looking for a better move before folks started getting impatient. (.005x.007) now.
RNGC (0.0061x.0077) just filed Reinstatement on NV-SOS:
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=QQUBGr6sW3piylHhN4TLYA%253d%253d&CorpName=RANGER+GOLD+CORP.
RNGC (0.0061x.0077) just filed Reinstatement on NV-SOS:
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=QQUBGr6sW3piylHhN4TLYA%253d%253d&CorpName=RANGER+GOLD+CORP.
Looks like RNGC (0.007) just Reinstated on NV-SOS:
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=QQUBGr6sW3piylHhN4TLYA%253d%253d&CorpName=RANGER+GOLD+CORP.
HDIH -0.309 (-60.59%) Merry Christmas!
In case you missed it, REEI (.0037) Revival
Popped up Friday after hours on NV SOS:
https://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=iqYPNbzui2bLRIJsBYS82g%253d%253d&CorpName=REE+INTERNATIONAL%2c+INC
REEI (.0037) Revival just showed Friday after-hours NV-SOS:
https://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=iqYPNbzui2bLRIJsBYS82g%253d%253d&CorpName=REE+INTERNATIONAL%2c+INC
REEI (.0037) Revival just showed Friday after-hours NV-SOS:
https://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=iqYPNbzui2bLRIJsBYS82g%253d%253d&CorpName=REE+INTERNATIONAL%2c+INC
Revival just filed with Nevada SOS for LSAL
https://www.nvsos.gov/SOSEntitySearch/CorpActions.aspx?lx8nvq=2jIHTRkh0CrRvOnvyJ%252fQ8A%253d%253d&nt7=0&CorpName=LASALLE+BRANDS+CORP.
Market Cap 118,957 12/06/2018
Outstanding Shares 10,814,293
LSAL just filed a Revival with Nevada SOS:
https://www.nvsos.gov/SOSEntitySearch/CorpActions.aspx?lx8nvq=2jIHTRkh0CrRvOnvyJ%252fQ8A%253d%253d&nt7=0&CorpName=LASALLE+BRANDS+CORP.
Market Cap 118,957 12/06/2018
Outstanding Shares 10,814,293