18 wheeler
3 months ago
Ponzie NICH is up to some tricks.
So what?
Ponzie NITCH is engaged in the internal transfer of stock certificates from one person to another through in-house wheeling and dealing. However, there are no attractive investment opportunities available to outside investors.
Poncie NITCH is not inclined to distribute the wealth amongst outside investors. NITCH's interests lie elsewhere.
It's like this: If I have a dollar (certificate), I'll give it to you. Later, you give that dollar back to me. It is knowing that I can trust you. But in reality, it's not a dollar I give but a $29,475.00 stock certificate - liquidation time? Then, I claim a loss for tax purposes a stimulus program to survive in these economic times. Bail out money!
Meanwhile, back at the ranch? Folks!
NITCH can deceive investors into believing that there is substantial activity. Gullible and naive investors will trade the stock, creating an in-house jackpot Bingo Bonanza.
Wash, rinse, and repeat.
Woo hoo!!!
Before this deck of cards comes tumbling down.
I'm waiting for the right time to get off this pony ride. No gold nuggets around here.
What a flimsy stock to have to invest in. IMHO
KeepItRealistic
3 months ago
$NICH donβt forget what management did
Per filing below page 11 🤮
I wonder who the βLenderβ was who was blessed to get deep market discounts 😝
https://www.otcmarkets.com/filing/html?id=17463180&guid=ypQ-k6qJChBAh3h
7.1.On August 30, 2023, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between September 7, 2023 and January 8, 2024, the Company issued 294,750,000 shares to the Lender, repaying a value of $29,475, with the Lender writing off a further $1,910 of accrued interest.
7.2.On January 17, 2024, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between January 22, 2024 and February 29, 2024, the Company issued 299,000,000 shares to the Lender, repaying a value of $29,900, with the Lender writing off a further $1,485 of accrued interest.
KeepItRealistic
3 months ago
Yep filings tell the story here
I wonder who the βLenderβ was who was blessed to get 90% market discounts 😝
https://www.otcmarkets.com/filing/html?id=17463180&guid=ypQ-k6qJChBAh3h
7.1.On August 30, 2023, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between September 7, 2023 and January 8, 2024, the Company issued 294,750,000 shares to the Lender, repaying a value of $29,475, with the Lender writing off a further $1,910 of accrued interest.
7.2.On January 17, 2024, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between January 22, 2024 and February 29, 2024, the Company issued 299,000,000 shares to the Lender, repaying a value of $29,900, with the Lender writing off a further $1,485 of accrued interest.
KeepItRealistic
3 months ago
$NICH The warning signs was in the filing below page 11 🤮
I wonder who the βLenderβ was who was blessed to get deep market discounts 😝
https://www.otcmarkets.com/filing/html?id=17463180&guid=ypQ-k6qJChBAh3h
7.1.On August 30, 2023, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between September 7, 2023 and January 8, 2024, the Company issued 294,750,000 shares to the Lender, repaying a value of $29,475, with the Lender writing off a further $1,910 of accrued interest.
7.2.On January 17, 2024, the Company entered into a settlement agreement with the Lender, whereby the Lender agreed to convert the outstanding loan into shares of common stock at a rate of $0.0001 per share. Between January 22, 2024 and February 29, 2024, the Company issued 299,000,000 shares to the Lender, repaying a value of $29,900, with the Lender writing off a further $1,485 of accrued interest.
18 wheeler
3 months ago
Now, the stock is trading at $4.94 on the market. What will new investors think if NICH can't follow the rules and regulations in OTC? One wonders what nonsense will be pulled off down the road. Let the theatrics begin...
Ponzi scheme, perhaps, in the NASDAQ market?
But then again, what do I know? I am just learning how to make a penny.
Page two (2) of a Quarterly Report states: "List any stock split, dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:"
NICH did not file first quarter filing for 2024. Will NICH do a file report for next quarter?
HMMMM...