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samsamsamiam

12/04/16 5:28 PM

#115653 RE: Monksdream #115652

I suspect it has to do with Vert Capital and the way they attempt to relaunch distressed companies. I posted something about their history in a previous post.
Vert's been attempting with S-1's on another of their deals - they are up to amendment #18 or something on it.
It still has a reasonable "storyline" why not try a r/m? Why they chose that shell I do not know - but will have to look deeper.

I had the gut feeling it was more of a distress sale and the reason BOTH co-founders and a very talented president moved onto other things. Why wouldn't they stick around if it was about to be a NASDAQ/NYSE company as some claimed?

People seem so focused on the revenues from a year ago but fail to mention what is lying underneath that shell. And the 1 for 100 r/s being a possiblility in January - well hello!

My gut tells me the SEC and FINRA will keep an eye on this one - especially after those comments made in the 8k.



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Zorax

12/05/16 1:03 PM

#115680 RE: Monksdream #115652

Most of these scams find things that are topical/relevant but are difficult or impossible to investigate or validate their product exists while using other companies past promotional material as their own. The trick is to look legit without actually making any product or providing said service.

Commonly referred to as 'vapor' product or service.

And then there are scams that actually use the word vapor in the product names or company names. The irony of which always cracks me up.
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gitreal

12/05/16 1:52 PM

#115684 RE: Monksdream #115652

The Company also notes that there have been recent publications and other postings on the Internet by third parties alleging that Pixel has significant revenues, with figures as much as over $70 million mentioned. Such publication also speculates that the value of Solaris’ common stock could be significantly greater than its current trading price.

That blurb in SPCL's 8-K was hilarious - discounting the rumors, but making damn sure to spell them out, in detail, to fire up the imagination of idiot investors.