solong
1 week ago
so what you're saying is that "big" boards with their required transparency vs the "Pinks" limited requirements is the way to go?
Out of curiosity why do you think that just about everyone has abandoned the OTC scams?
I bought Amazon over a year ago when it was in the $90's - and it's now at $220 per share. Name the OTC stocks that you owned and had those kind of gains. And Amazon had liquidity, i.e. easy to get in and easy to get out. Same with Dell, TSLA, etc. they have VOLUME and name the big volume OTCs you prefer?
And somehow you want to blame the government? Wake up!!! You're living in an imaginary world.
The good news is that this one will move, not because the government approved it, but because it has something real. Quit picking "stories" and try picking substance, this one will be good for you if you have any shares.
solong
1 week ago
LOL, with all due respect...this shouldn't be trading at all. NOT 1 mil volumes per day. On the plus side, they are not trying to pump this by putting out superfluous PRs.
Based on what they've said to us, we need a S-1 Registration for Global (putting up the $5mil vehicle) - why would it trade millions per day without seeing that completed?
I'm going to guess on this but the big dogs putting up $5 million would also like to see OTCQB. The reason? Because that requires greater transparency.
I called a SEC attorney that I've known for some time, I did not mention the symbol. He said a S-1 registration takes, on average, 2 months. of preparation. Then it goes to the SEC. The last S-1 took 3 months. Again just guessing, that would put us at the end of January on this one for Global.
And for the last 40 years, that I've been involved in startups. Anyone putting up $5 mil (Global) wants OTCQB as a minimum, anything less allows the company to hide from the lender that is happening.
If any one wants to put up $5 mil with NO transparency...call the company.
solong
1 week ago
When a person with influence (number of followers) tells you to ignore the warning signs and has Tier One followers which he brought in before you - saying that this is the real deal - exactly how does the newbie figure that it's a scam?
I, for one, know how to dig into the filings to figure that out and I know that you have to dig deep to see if it's real or just smoke and mirrors. The newbie doesn't know how to do that because they've been told they are on the road to easy money. They've bought into your dream world. The SEC was formed to protect the weakest among us from scams. It's why we warn people to be careful about providing info the scammers on the phone trying to steal your information.
And you argue that there should be no protections...I think there should be protections and that we should keep scams away. Look at what happened when regulations were abandoned on Banks in the early 2000's, with the argument that it would unleash our entrepreneurial tendencies. The result was what happened in 2008 when the US Banking system nearly brought down the entire World banking system. You have road blocks to protect the vultures from killing everyone else.
When you have curbs, then the big dogs with their 10's of thousands of followers would have to learn how to find REAL investments and be real investors instead of scaming someone else. Your argument is that scammers should be free to scam and then blame their followers.
I hope we don't back to that day, you seem to think it would be a revival. I hope it doesn't happen.
solong
1 week ago
Ok, so you don't think that those with 1,000s of followers were part of the problem? They knew that they were going to take the gullible investors' money but the problem, in your mind, is that the newbie has to accept all the responsibility. Did I get that right?
Because the markets have rules, i.e. NYSE and Nasdaq - the OTC should be labeled as a rogue market? Maybe with warnings for anyone who tried to place a trade? I.e. "you are about to buy a myth?" I'm guessing you are against warning newbies with dreams of gains promoted by those with 1ks of followers that this might not be good?
We should have no protections so that we can take their money? I think that's what you want?
It's why we have "regulated" markets, whether here or in Europe/Asia. I've had experience with foreign investors and they want NO PART with the OTC. they see it as a casino.
Maybe we should do away with warnings at street lights? Just take your chance and see how it works out? Or do you have a line you draw at some point to warn people they are making a bad decision? Like all scams, do you want to return to a day when a poster can promise or allude to huge profits?
With the caveat, of course, that they are not a financial advisor so that they can claim....innocence. And in your mind that's what would mean a resurgence of the OTC Pink boom? I've been watching some of the big dogs and the market has figured them out.
I don't think you can find enough gullible newbies to fill your coffers with ill-gotten gains. JMOP
solong
1 week ago
The Penny markets existed as a way for those with followers, to buy in first, and then pump the stock to their followers. If you know what you're talking about, they you would know that those people have an A-list who will bring in buyers and a B-list and after that there will be a "run" and the original poster will be out. Followed by the A-list, followed by the B-list and a bunch of novices get stuck.
That's why you don't see runs anymore, they ran out of victims.
What we need is the current regulations to stay in place so that we don't create victims. That would require OTC Pink companies to have an actual business, with revenues - not just hype.
$SYIN is one of those, watch this move with news of 1) completion of the 2nd S-1, 2) announcement of the acquisition as mentioned in their 8-1-24 press release: With a focus on revenue generation, the Company plans to allocate the initial funds primarily to the commercial launch of its nutraceutical products. A comprehensive marketing and sales strategy, including television and social media content, is in the advanced stages of planning
Please don't equate this to the many scams of the past which decimated the OTC market. Good riddance to those who can't make money unless they hurt someone else.
solong
3 weeks ago
They announced on the 31st of July that they had completed the Audits and could now file the S1 for Quick Capital. On October 29th they announced that they had officially filed that S1 Registration.
Also on October 29th they announced, "We expect to submit a second S1 Registration Statement for Global Corporate Finance Inc in the coming days." I would hope that getting one done would have provided some experience to help them with getting the 2nd one completed in less than 90 days, but with the Holidays??? Who knows.
If it takes them roughly the same amount of time to complete the 2nd one then we should look for that towards the end of January.
They haven't said that the issue of upgrading to OTCQB is a required step prior to announcements but it could be. Usually (not always) those providing the funding want the greater transparency and accountability provided by an OTCQB listing.
Either way, we are hopefully close to hearing the items from their July 31st Press Release:
With a focus on revenue generation, the Company plans to allocate the initial funds primarily to the commercial launch of its nutraceutical products. A comprehensive marketing and sales strategy, including television and social media content, is in the advanced stages of planning.
(At this point I would think sometime in January is the earliest we would get news)
I hope everyone has a safe and happy Holiday between now and January. See you in January...