Replies to post #47760 on Frequency Holdings Inc (FRQN)

[trader59]

Here's a recap. You guys need to pay attention to how this deal works. When Reachout "merged" in, the deal was Jordan and his private investors were going to substantially own this company, nothing wrong with that since they owned Reachout already. They were given preferred shares which converted into 87.5% of the "fully diluted" common stock, Trillium got preferred stock that would be 10%, and Dickson and another guy got the 2.5%. I've posted a link to a post I made back then which gives that share exchange agreement, but ultimately the intent is clearly to wipe out the common stock trading today when they're ready to sell some.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174330810

[Mcoco]

I think this investment is particularly frustrating because it could have some serious potential and I'm pretty sure we're all holding some significant shares. I only speak for myself but it's the lack of urgency he has for filing timely. No reason for it before or now. But, that's just me. I'm in the finance business and I for one, can't get away with untimely filing.
But again, if you can't risk losing all your investment, don't play the OTC. All my other money is invested either in my 401k or companies like Shopify, Anheuser and Amazon. It's a fluke I'm even invested in YCRM. Hopefully I get a little lucky!!!