Nam Liong Sky Cosmos Inc (CE) (NLSC) Quote

Fraud

Sounds about right.....

This is the company that audits for us too....
Washington D.C., Sept. 30, 2024 — 
The Securities and Exchange Commission today charged Olayinka Oyebola and his Public Company Accounting Oversight Board-registered accounting firm, Olayinka Oyebola & Co. (Chartered Accountants), with aiding and abetting a massive securities fraud perpetrated by Mmobuosi Odogwu Banye, also known as Dozy Mmobuosi, and three related U.S. companies that Mmobuosi controlled (the Tingo entities). The SEC recently obtained a $250 million final judgment against Mmobuosi and the Tingo entities.

Both his legs........

Very disappointing. It really was a gem of a setup. I just hope we don’t stay delinquent long. The SEC doesn’t like delinquent $0 revenue companies.

Mind blowing that our CEO has almost a half a million dollars tied up in this shell and has been a CFO for a huge Chinese holding company for 20 plus years and he can’t complete a f*ing merger.

This was one of the best set ups I have ever seen on the OTC and Hsu has completely shit down his leg. Pathetic.

CC3

No he's not

We are Expert Market........

He seems to be doing the bare minimum…

👍️

Yes, very frustrating.

I’m with you. Very frustrating.

What is he waiting for?

The perfect buyer to come floating down from the heavens with their wings outstretched welcoming him in?

Seriously - sell this piece of chit already and let's get going!!!!!!!!!!!!!!!!!!!!!!!

I don’t think Hsu will get us current until he has a buyer. He is tired of hemorrhaging money. We could be dark for awhile this time.

CC3

Whatever

How precious is this shell that Mr. Wonderful (Hsu) cannot find a buyer for it for how many years.

I'm tired of the bullchit excuses.........

Correction, Hsu doesn’t seem to know the requirement. A 10Q gets 5 not 15 days.

From the filing in a section filled out by Hsu:
“The Registrant will file the 10-Q on or before the fifteenth calendar day following the prescribed due date.”

Guideline listed on the form:
“on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date”

Oh, oh okay.

Thanks

Everything is proceeding according to plan.

Nothing to worry about, nothing to see here.

Move along......................

Nobody is happy. However, he seems to know the game. As long as he is ok staying unsolicited without a form 211, bouncing back and forth to EM doesn’t make a difference. He’s filing what he needs to to stay SEC reporting.

I guess everybody is happy with our fearless leader

EXPERT MARKET

Yeah, he’s had plenty of time to find a merging company or a buyer for the shell. I keep holding out hope that he has something in the works, but every time we are late filing, it’s apparent that he doesn’t. If we were close, he would be filing on time.

CC3

Clearly he’s focusing on all of his other reporting requirements with NamLiong first. At least not dark… would be nice if he’d get moving on finding a buyer.

Every. Single. Time. Hsu has been VERY disappointing.

CC3

Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB

How is that humanly possible??????????????????????

Unfortunately, the market for shells isn’t good. The fact he’s taking so long definitely shows he’s not just dumping it for pennies and still trying to do something of value.

This wait, with zero movement or updates from Hsu is very frustrating. The only positive I can find with the amount of time this is taking is….you have to believe as connected as Hsu is, that it would be relatively easy to find a “start up” Chinese company to merge in.

I believe the fact that it is taking so long tells us he is looking for a decent sized company to merge in. At least I hope that is the case. Either way, he needs to get a move on.

GLTA

CC3

Its very possible in the OTC. That is why we are here, otherwise we would be playing for $5 wins on the blue chips where it is relatively safe.

Highly doubtful, but I hope you are right.

I just keep reminding myself it spiked to $10 on speculation before…. It won’t take much to send it, Hsu just has to make a deal with a moderately sized legitimate company…

It would be except it's not...........

This would be a fine time for a reversal, eh?

UUUUUGGGGHHHHHH

More selling.......

Gee that's so encouraging!!!!!!!

Completely agree. As long as he keeps paying the money to keep us current, we are still in play. Hopefully, we get something soon. I have a lot of money tied up in this one for a very long time.

CC3

He’s still trying. We’re still waiting. There’s at least a pulse though.

LOL.................

At least we didn’t go dark this time. Lol

https://www.otcmarkets.com/filing/html?id=17556160&guid=dZQ-kppUa5ECJth

CC3

Yep. He’s definitely trying to put something together, but the fact that he’s late tells me nothing is imminent, which is a little discouraging considering how long it’s been since the Sky Cosmos deal fell apart.

It is odd to me that he is struggling so bad to put a deal together considering his long history with Nam Liong.

Oh well, I’ve waited this long…..

CC3

He’s trying to file everything necessary, even if it is late. I guess that’s something. Keeps us SEC reporting.

https://www.otcmarkets.com/filing/html?id=17547587&guid=tcQ-kaY7p9IfJth

Excellent!!!!!!

Current

Thank you. That is definitely positive news. Thought he was throwing in the towel.

Now find a merger partner, Hsu!!!!

CC3

Should come off EM tomorrow with the 10K. Nothing new that I see. Mentions they are still shopping for target acquisitions.

EXACTLY!!!!!!!!!!

Maybe you have too much confidence in him...

I think it’s become apparent that he’s incompetent. He botched the deal with Sky Cosmos and now it’s obvious he simply can’t put a merger together. For him to file the extension paperwork and still let it go dark is just another example of a guy that is in over his head.

The shell is still very valuable in the right hands. I am hoping he can sell the shell to someone that knows what they are doing. Hsu is a clown.

CC3

I still don’t understand why he’d file the NT form and then miss the deadline… seems counter to the purpose.

I hoping they do something so I can get my money out of it and put it to some good use.

Agree. Letting a $400k shell rot instead of letting somebody else put value into it.

Still hoping there’s some small chance they still do a NamLiong deal of some sort, even if just SkyCosmos like before.

Hope you're right.

In any event, pretty pathetic that it happens and pretty pathetic what he does with the company.

Give him a few days. He’s unfortunately done this before. Because it’s SEC reporting, it instantly comes back once he files the document. The whole unsolicited, form 211 thing has been an issue for a few years, so that doesn’t change.

RIP NLSC ->EXPERT MARKET

He did..........