Reverse Mergers & Low Float Plays

[Potse]

MSAH...control block...HLTT...added to position......

After the close of trading on Friday, the outstanding share count was increased by 7M. I am assuming/guessing this block of shares was probably issued to CEO David Duarte. This could be an indication that a RM or change in control is drawing closer. Based on the terms of the preferred shares, and depending on whether any of the newly-issued common shares gets included in the control block(s) with a RM transaction, it looks like legacy shareholders will possibly retain somewhere in the neighborhood of 3-5.8% of a post-RM company.

If the legacy share count turns out to be somewhere in the 6.9M to 13.9M range, the current legacy share valuation is roughly $450-900K.

MSAH: Very pleased to see David's tweet below. The new shares will be part of the control block(s), which means the legacy share position on MSAH will be about 6.9M shares. The potential certainly exists now from a legacy share structural/fundamental standpoint for a pretty nice return on this shell if the RM is reasonably good/interesting. Also, everything looks good with the timing of MSAH's 15-12G and SEC filings. So any incoming company should not have any major problem/difficulty getting a name/symbol passed through FINRA.

$INNI now Pink. Finally!$MAYX discharge granted by the courts.$MSAH restricted shares issued to our CEO but will move together with the control Pref A upon a COC.

— Tailored Tickers (@TailoredTickers) May 4, 2023

HLTT: I picked up some more shares of HLTT today at 12.1 cents. Delinquency risk, so crossing my fingers that the company files its annual report and revenue guidance earlier this year turns out to be accurate.