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News Focus
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pennystock_es

04/26/19 9:17 AM

#24682 RE: pennystock_es #24681

$SCRCQ is starting to get some eyes from the investment community due to a potential reverse merger. Currently the stock is a shell (A Shell Company is a company, other than an asset-backed issuer, with no or nominal operations and either 1) no or nominal assets; 2) assets consisting of cash and cash equivalents; or 3) assets consisting of any amount of cash and cash equivalents and nominal other assets, as defined by Securities Act Rule 405 and Exchange Act Rule 12b-2. SEC reporting companies designate their shell status in their periodic filings).

Example:

A company like $DANR with only a 500M AS and clean is already attracting private companies seeking to go public through a reverse merger. Bitcoin and Cannabis are the hottest sectors now. Private Bitcoin company OKC Holdings Corp, is looking for a vehicle (A Shell) like DANRto go public to avoid going through the complexities and regulatory intricacies of an official IPO.

https://seekingalpha.com/instablog/50056712-underground_stocks/5296762-danr-dana-resources-potential-merger-ahead


A company like $SCRCQ with only a 250M AS and clean is already attracting private companies

https://www.otcmarkets.com/stock/SCRCQ/security
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Value_Investor

04/26/19 1:19 PM

#24683 RE: pennystock_es #24681

Wrong Info., my friend --- the OS was 140,743,977 (not 137,328,451) shares as of 04/17/2019 from the Transfer Agency! Your data was obsolete long time ago! The current market value of SCRCQ at 0.0009 equals to the market value of its peer RGDXQ at 0.0032 v.s. RGDXQ at 0.0017 now. Both "Q" stocks are excellent Clean Shells!

Anyway 0.0007 x 0.0008 now. We need some slapping action at 0.0012 in order to see the most recent high 0.0030 again! Otherwise some weak hands might dump their shares at the bids to push the price down to 0.0005 again...

The AS has been FIXED for many years at 250,000,000 shares!