solong
4 days 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...
solong
2 months ago
WHAT? The problem with OTC stocks is that many people have been able to make money without ever engaging in due diligence.
The strategy was to follow someone who had a large following and had bought earlier than you and to still make a profit based on your position in the food chain.
Depending on your position in the food chain, you might make a little or a lot.
Those days, for the most part are gone. The complainers just didn't get the memo.
There are some warning signs on this one, in the filings, but there is also a lot of upside. Depends on your tolerance for risk.
"The play" opportunity hasn't happened yet, IMO.
solong
3 months ago
An opinion: Companies with experienced Executives understand the importance of setting expectations. Especially when it comes to time frames. Look at established Public Companies, they all will provide a list of items they expect to take from concept to realization and THEN tell you WHEN they hope to complete each task.
The most we got out of the 8-1-2024 news was this; "The audits will also allow the Company to file S1 Registration Statements and access initial funding under its Promissory Note Agreement, which will accelerate the implementation of long-standing operational plans."
I've sent notes to anyone I could find an email or a physical address for, saying: You should set expectations. If the 8/1/24 "news" had said, "we hope to be able to share (all of the things we've just discussed" by the 4th quarter of this year. Then we would know to ignore this symbol until the Oct - Dec. time frame.
So the anxiety and impatience expressed here, isn't the fault of the shareholders, it is the fault of management in being able to define the "WHEN" part of the news. I've worked at Fortune 100 companies and EVERY press release defined the expected delivery date of the events mentioned. And when those events moved out further? They would put out some notice like, "we had hoped to complete the transaction by __ quarter of __ year, but due to the complexity of the project we are confidant it will be in the __ quarter of the __ year.
I hardly watch this any more, I set up an alert to tell me if it trades (sarcasm). In the meantime, either sell or hold. I'll wait. But the frustration is normal and it's not the fault of the shareholders. IMO
PS: The key to this deal isn't Claudio, it's Global...they are putting up the $5 mil. - again, my opinion