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Alias Born | 07/22/2008 |
Saturday, November 24, 2018 2:12:43 PM
There will be plenty of shares from those scrambling to get out of this orphan pump and dump. Why do the MMs need shares?
Check the Daily List Monday afternoon...that's when it comes out. CAFS will likely be on it with a 1:1,000 reverse split scheduled for Tuesday.
Why would anyone want to pay 20 cents or higher (or lower, or any price) when the market cap is $68,970,000 right now heading into a reverse split without ANY reverse merger/or merger announced.
The cik number is the same because CAFS is now BioQuest Corp. BioQuest Corp was just created as a foreign company in California 4 days ago. It's foreign to California because it is/was CAFS from Nevada. Peeps really ought to know how this stuff works if you're gonna play the crap.
Created 11/20/2018:
This is the other company that has NOTHING to do with this garbage.
Created 01/01/2002:
They were bought 2 years ago by Diversified Search. Their (BioQuest LLC) revenues were stated as ~3.5 million dollars.
The OS is 363,225,211. <(it should be about 4-5 million higher, this is a mistake, perhaps a typo)
The 8K detailed the 350,000,000 shares being issued (done) to Thomas Hemingway who was the CEO of Force Fuel which was THIS company before becoming CAFS and now with a name change BioQuest Corp. The cik number was the same then, when Force Fuel, as it is now.
Link > https://www.sec.gov/Archives/edgar/data/1182011/000155116314000203/0001551163-14-000203-index.htm
350,000,000 shares issued, 1:1,000 reverse split. You'll notice that there isn't a merger or reverse merger mentioned anywhere in the 8K:
No one reputable would merge into a pos company like this sporting a balance sheet with nearly 3 million dollars in liabilities . And...it's not even a SEC-compliant fully reporting company.
Why would anyone merge into this piece of shit?
$29 cash. I took out the goodwill...no goodwill in this garbage.
Total assets $29. I'm sure that's gone now also.
$3,353,525 in total liabilities.
Take out the $350,000 owed to old-now-new-again CEO Hemingway (350 million shares issued).
Take out the $322,922 derivative liability just to be nice.
Leaves around 2.6 million in debt/liabilities.
Convertible debt of over $460,000.
It's a mess. No ONE is merging into this garbage. No one reputable. There was ZERO mention of a reverse merger in the 8K.
Link > https://backend.otcmarkets.com/otcapi/company/financial-report/133818/content
I'll be available, lol, for a few more minutes, today, if anyone has any questions or comments. :)
Good day.
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