MegaDeath
10 months ago
BLYQ: FORM 8-K, Changes in Control of Registrant.
On January 12, 2024, Haiping Hu and GMB Wisdom Sharing Platform Co., Ltd. sold 9,797,600 shares of the common stock, par value $0.0001 per share (the βCommon Stockβ) of Bally, Corp., a Nevada corporation (the βCompanyβ), representing 99.5% of the Companyβs total outstanding shares of Common Stock, to Kaichen Zheng, Shitong Li, Yilan Chen, Huanan Xu, Baodong Shen, Nini Liu, Shaobo He and Mingsen Liu (collectively, the βBuyersβ) (the βSaleβ). The Buyers paid a total consideration of $293,928 in cash from their personal funds. Following consummation of the Sale, the Buyers collectively own 99.5% of the Companyβs outstanding voting securities, resulting in a change in control of the Company.
https://www.otcmarkets.com/filing/html?id=17189203&guid=JqJ-kpx3TzHvJth
Big Brother
4 years ago
The float and amount held at DTC have not changed in ages, so it's not dilution, I guess it's just the rollercoaster-ness of such a low float. I personally don't see the logic, in why someone would whack a dollar, when $3.00 is getting hit like crazy, but that's just the way these things typically trade.
Hanibal
4 years ago
CEO of BLYQ Haiping Hu is involved in a high profile Nasdaq IPO I believe, for Global Internet of People, Inc where he is the CEO
our founder and CEO, Mr. Haiping Hu, nicknamed βGeneral Hu Haiping on Horsebackβ, has extensive leadership experience and is a well-known entrepreneur in China
On November 27, 2019, the Company paid the audit fee and other professional fee of Bally Corp (βBallyβ), a company controlled by Mr. Haiping Hu, of $12,250 on behalf of Bally in the form of a non-secured and non-interest bearing loan, which is due on June 30, 2020. As of December 31, 2019, the outstanding balance of the loan was $12,250. On April 23, 2020, Bally paid the balance of the loan to the Company.
I am not sure if this has been mentioned as I do not have search capability
https://www.sec.gov/Archives/edgar/data/0001780731/000121390020014134/ea122651-f1a4_globalinter.htm
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001780731&action=getcompany
So maybe this is the reverse merger we've been waiting for? Not sure.