HeadsUp Entertainment International Inc (HDUP)

[solong]

$HDUP - this is a personal opinion so it's not based on fact but I have been trading "penny stocks" for 40 years. So I don't think it's far off:

If you look at the filings and "news" on OTC, you'll see that they forwarded $750k to Spinola to pay off the original investors in Spinola. The Kellners were the ones who put up those funds. It's why they have the share count that they do.

But there is something important that it tells us. They do not have funding. So they brought on Shields Legal Group to take them to Nasdaq.
https://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Provides-Corporate-Update-on-Business-Plan-Expansion-and-Milestones?id=322184
It's the first item that they mentioned. Shields brings in Parsec, 17 miles down the road from Shields office and each one of those investors does business in markets that require they register with the SEC.

This is my guess. But I think that this is correct. I've been an investor in more than 20 deals and there are tiers of investors. The 1st tier is those who are willing to take HUGE risks for HUGE payouts. There are several tiers that follow.

So I think that getting Parsec done was for all the Registered (SEC) entities to get Parsec (SPAC) merged with Enteractive which says on the GameChangerz website that they are an HDUP property. That would then bring in your 2nd tier of investors. It takes a lot of coin to have each entity file SEC annual reports. Listed by HDUP as their next step: "HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year-end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions." From the March 15th announcement on OTC Mkts.

I think they likely got funding but now a whole lot of entities, including Spinola and HDUP need "audited" financials for the last 2 years that meet the GAAP standards required by the SEC. I think that's where we are at...it's going to take some time. Almost no company keeps their books that conform to those standards and it will take $100's of thousands for everyone to convert. So we wait. When it happens, I think everyone will be rewarded for their patience. GL