Sollensys Corp. (SOLS)

[ThePennySlayer]

In my opinion this is a very long hold 5+ years. They appear to be a legitimate company with a legitimate product (blockchain server). That being said I sold because no new investors are going to touch this because of the ambiguity surrounding the share structure going forward which will cause the SP to tank when the 1/120 RS sinks in. Basically the old owner who owns 395 million shares still owns those shares (this was not stated in the filing, however that would be the only reason for FINRA denying the initial RS) They stated they denied the original RS because they could not account for/contact a significant shareholder from 2012. (395 million shares the old owner had). Because of this Don is forced to increase the AS in order to exercise his preferred shares. The AS is increasing to 15BN. Then after the RS the AS will go 125 Million. Which will destroy the old CEO's position (395million/120 equals roughly 3.3 million). But as you can see the old CEO will still own 3.3 million shares of SOLS for doing absolutely nothing other than owning the company that Don Bought. I sold because until they get this share structure figured out and complete the RS I feel the price will continue to go down, but like I said who knows it could hold. Crazier things have happened in the OTC. I'm just not willing to risk thousands on that gamble.