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Re: Double DD post# 63963

Sunday, 04/07/2024 8:46:48 AM

Sunday, April 07, 2024 8:46:48 AM

Post# of 68483
The R/S is not fake. The new owners will do a reverse split "as soon as possible" in their own words from the amendment they filed with the State of Nevada.

Yes, maybe they will merge some capital into this shell, but they will also do a reverse split. The question is WHEN.

So this is a game of musical chairs. Hopefully, you can sell your shares to "newbies" or to the Shartmaster right before the R/S.

Maybe the PPS won't implode after a R/S. If they file an annual report that shows big $$$ assets and/or big $$$ revenues, maybe the PPS will hold. Occasionally, you see that in OTC.

And there is a chance that FINRA will refuse to process the R/S request, but I don't see that as good news because if FINRA doesn't let them do the R/S they'll abandon the shell. There's no point in merging into a shell and going public if you can't use the shell to raise capital. They're not going to just give stock and dividends to a bunch of existing shareholders from a pinkie scam weed ticker.

Of COURSE they will do a R/S. If they're smart they'll call this ticker a subsidiary of the Chinese parent company and do the R/S before they transfer in assets. If they're stupid, they'll transfer in assets BEFORE... but why would anyone want to invest in a company run by stupid people?

That's rhetorical of course. Nobody wants to INVEST in this ticker -- it's a pinkie OTC reverse merger and everyone wants to trade it and get out before the R/S. Some will succeed. Some will be left holding the bag. Best of luck.