Going to vent here as I was up until 3 am putting things together from emails and website details.
I’m hearing there is an issue with a deal and some money that was moved. This supposedly was the reason for extending the visa. All happen over the last few days. Heard lots of rumors good and bad.
I don’t think henry will get any more extensions that protect the company from potential delisting as some claim as unaudited financials are done and can be posted.
I think something happen with vinafilms. If you go on DNB the 2nd location/branch is removed again. Many rumors around 100% take over of vinafilms and a few that company was used to broker a deal.
Others are hearing different delay issues over last few days also. The issues being passed around are not as consistent as the ones mention above.
Can’t confirm anything with Henry as he will only say I’m to busy to keep answering all these questions.
I said it before I’m holding my shares but won’t stand in the way of those that want to vent about more delays if we pass Monday.
I have reached the end of my hopeful limits after 18 months of waiting. Still lots of potential but Henry just won’t cross the finish line. I have seen the deals so I know they are real. I think the main problem right now is the amount of shares on open market. We are around 18billion from what I can calculate from the board to what Henry confirmed about block trading.
One deal is for the ADE and this is what I’m hearing about the cost and shares.
It’s costing Henry 150mill USD so say the rumors for total of 200mill shares and will be announcement with financials .
The multiplier being used is 200mill shares @ $.05 value short term to start and long term value of $0.75 for the ADE for a value of 150mill usd.
I think the ADE might get screwed in long run if Henry doesn’t post financials soon.
I’m 35% leaning toward a potential expert market listing now so Henry can leave retail investors blind while he moves things around until re-listed.
Once in expert market Henry could do any of the following buyback, dilute, RS or nothing until greys. We would not see the results of anything until moved back to otc if this happens.
Here are the changes that went into effect in September and Henry was protected on his extension until November 15th.
“… The release also delays for two years the requirement that financial statements for the two preceding fiscal years be publicly available for catch-all issuers. This change from the proposal helps guard against the retroactive application of the rule; an issuer’s securities will not lose their quoted market due to a broker-dealer’s or qualified IDQS’s inability to obtain historical records that predated these amendments. In the end, non-registrants will have to make limited disclosure, which is a welcome change. If they fail to meet the requirement, they’ll be delisted to the Grey Market or (see below) the “Expert Market.” If a qualified IDQS determines that an issuer’s current information is no longer current, broker-dealers will have a grace period of 15 calendar days in which they may continue to quote the stock. This will give investors an opportunity to exit their positions, should they wish to take it.”
If henry has a 90 extended visa given the past and what he has done. He will probably use that entire time frame to resolve what he tells investors is the issue or “problem” is. Let’s hope it doesn’t take that long.
As I have more information I will put it on the board. I’m only sharing what I’m hearing from multiple sources or what can be verified on websites as Henry won’t confirm anything one way or the other.
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