Thursday, September 17, 2020 8:43:03 AM
If past is any precedent, the only other instances I can find with Lazar tickers for Preferred Stock issuance *after* custodianship has been terminated are: 1) Issuance of Preferred Stock to new officers who are appointed prior to the sale/merger or 2) Lazar issuing himself preferred stock in lieu of cash to repay himself for loans he's made to the company, also as a precursor to a merger.
So it's disappointing, but my best guess is that we'll have to wait a little longer.
All the DD is still rock solid and predictive of Lazar's best mergers:
*83% insider ownership
*Lazar's largest current position of common shares at 777M
*70% restricted shares
*No Form 4 filed last night, meaning zero insider shares sold all the way up to .0187
*Recent flurry of activity at Clark County Courts and NVSOS
All this said, I still think we're in the on-deck circle, and there's nothing preventing a merger from closing at any time. I can't imagine why he'd wait much longer given that this is his ticker with his largest position of common shares.
A lot of folks have been trying to redirect QUTR traders to PFM* on this board, so I think it's fair game for me to say that one has almost no insider ownership and almost no restricted shares. Lazar owns only 2M shares of PFM* but 777M shares of QUTR. I've found that the tickers with the heaviest insider ownership, the largest position by Lazar, and the largest percentage of restricted shares tend to go first: SOL*, TRD*, etc. And it's not hard to figure out why.
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