posted
Hearing a lot about POPT on IHUB r/m candidate ...just going by the chart looks ready for the next level.
Posts: 660 | From: california | Registered: Nov 2005
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posted
Interesting info on this one - and RM rumor!
Reverse Merger Rumor
Before January 31st, 2009 POPT was a shell company held by Ari Bass(http://www.spbpartners.com/team_aribass.htm). The company had filed a15-12g on Feb 16th, 2006(http://pinksheets.com/edgar/GetFilingHtml?FilingID=4210244) which means they would stop being a fully-reporting company. Last news from the company was in September of 2007, saying they were re-launching operations. (http://www.sys-con.com/node/425393). There has been no new news since. Last 12 months or so, Pinksheets.com has had an “unable to contact issuer” disclaimer on the company info tab. During this time Ari Bass took another shell SLVO and reverse merged with another company in January of 2008m SLVO then ran from the .000 level to .14! Check the 2nd circled bottom on the chart:
This reverse merger happened without a R/S! On January 31st, 2009, PinkSheets.com removed the “unable to contact issuer: disclaimer on the company info tab for POPT.
Then on February 3rd, 2009, Pinksheets updated the company info tab again by changing the industry class to mining, updating the float/OS/AS, and showing 7 employees!
The on February 4th, 2009, the Mining industry class was changed back to motion picture and video production, and business description was changed back. (
We received a company update form from the company in late January with new contact information for the company. After verifying the information the ‘Unable to Contact’ disclaimer was removed on January 27th, 2009 and the new information began displaying .on pinksheets.com. Best regards, Ed McCann Issuer Services Pink OTC Markets Inc.
What does that mean folks? It means we quite possibly have a reverse merger happening here very very soon! While doing some DD this morning on Pink Sheets, I noticed the SOS default statement on the left side of the company info tab
POPT has been trading under .0006 since middle 2007! Monday was the first day this stock has seen .0007 in a long long time[9-27-2007]! We need to throw out the window all the normal charting to get a good grasp of the next resistance. I grabbed a 4 year chart and that gives a better perspective. .0006 seemed like tough resistance, since it would touch but never break over the last year. We broke that on Monday, so that is our new support. Next resistance looks like .0016, then .0023. As always, trade smart! MM’s will always try to shake the weak by playing games such as: keeping wide spreads, walking the ask down below the last buy, giving you a partial fill(5k or so) and UT’ing the ask. Patience pays!!!! It looks like there are a few GTC sell orders out there probably set months ago. Might provide a little resistance as well.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
they have just been floating around a handful of penny stock forums for around a week now, but this is the most information I've seen so far on the topic given, its not a great source, but it has some more legit reasons why their stock price jumped so much on friday.
-------------------- Night shift stock player. Posts: 24 | From: Clovis, NM | Registered: Jul 2009
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quote:Originally posted by Kaona: they have just been floating around a handful of penny stock forums for around a week now, but this is the most information I've seen so far on the topic given, its not a great source, but it has some more legit reasons why their stock price jumped so much on friday.
posted
Tex is right - its just a rumor...and its being pushed along, on other boards... and its not official by a long shot... but its still a good piece of trivia to file away if one is watching this stock...
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
T e x is correct no official sources but we have been watching changes to pink sheets and nevada SOS.
This is all pure speculation at this point. The last shell the CEO reverse merged went from 000 to .14 so nobody wants to miss this one is why its generating so much interest.
At this point it is a lotto play, I like my odds on it though.
-------------------- You wouldn't have the opportunity to be such an idiot... Posts: 577 | Registered: Nov 2004
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posted
I have been following this stock. RUMORS and pure speculation (because Ari Bass is attached to it) is what is driving this stock up! There will most likely be a pull back sometime today but I see it at least doubling on this speculation alone. DD showed Ari Bass does seem to keep tight lipped about when PR's are being released. Good Luck to all, in my opinion there is money to be made here today and most likely the entire week - but you must be patient.
-------------------- Only ONE good stock away from retirement! Posts: 493 | Registered: May 2009
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posted
FWIW POPT is an Ari Bass shell play! Last one ran to .14! Stop posting nonsense. Do your DD!
Posts: 173 | From: NJ | Registered: Nov 2008
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