$BBRD$ is as solid as a penny stock comes. The hours of dd that I did on this stock ALWAYS assures me of the HUGE potential in BBRD. The company basically said yesterday that the merger is done and they are just dotting the I s and crossing the T s . IMO news highs by weeks end, and steady rise in pps starting now. Everyone needs to chill out and know that mergers don't happen over night. I have spoke with plenty of people from both sides and have had plenty of communication via email to make set my mind at ease. We are golden here and come next week when they announce the signing, we will no longer be hearing the he say she say crap. In closing, IMO I would start accumulating as many shares as possible because we are ready to head NORTH in a HUGE way! KNOW WHAT YOU OWN FOLKS! DONT MISS THE BOAT, ITS NOT TO LATE! Many people will be greatly rewarded next week and I'll be one of them
Ever give thought to this?
Reason for delay maybe co is selling restricted shares into the open market raising the float aka dilution
BBRD Stock Message Board http://investorshangout.com/Blackbird-Petrole...BRD-58868/
that's a good one lol
That sounds about right. Doing all necessary avenues to have a successful merger with no loopholes.
NEW INVESTORS
whenever you are trying to figure out the legitimacy of Pick Em Low's financial advice, just remember...
he thinks sushi comes from China... smdh
Hopefully by the end of the week we can break .02. I must say this pending litigation gives me a whole new perspective on this Co. As you know anything can happen in these cases.
yep and going public should make SDE stronger too.
Those have to be rumors because nothing of a R/S was mentioned by the company.
Apparently there is some litigation and talks of a reverse split floating around. I think this will also sway investors into dumping before the deal is signed. Not to mention this is now the second delay.
Now that I think about it, we will probably see some flipping profit taking action in the AM and the pps will get whacked down a bit because of delaying PR. However, the extended timeline is very short and it might bounce back up again by end of day or end of week.
Or "First Wave Systems", ticker symbol FWES (F**k What Everyone Says), lol.
Requirements Necessary to Close a Reverse Merger or Public Shell Merger
Business plan of merger partner. Sufficient information to complete and file the required 8-K with the SEC.
Management information, including completion of the "Officer and Director Questionnaire," for all Officers and Directors designated by the private company merger partner.
Agreement on structure and terms of merger.
Letter of intent with escrow payment made to public company or its principal shareholders. (This must happen for the public company to cease negotiations with other merger prospects.)
Audited Financial Statement, conformed to US, GAAP for the private merger partner. The audit statements of the private company have to be consolidated with the public company's financial statements.
Agreed merger fee in escrow with the securities attorney representing the merger partner.
Consent from the majority, preferably 100%, of existing shareholders of the private company to merge or exchange their shares for shares of the public company.
Agreement for the Officers and Directors of the public shell to be replaced with the Officers and directors designated by the private company merger partner.
List of all shareholders in the private company that will make the share exchange.
Number of shares to be outstanding “post merger”, and a complete breakdown of share ownership post merger.
Note: It is often necessary for the public shell to do a reverse split and/or cancel shares owned by the affiliates of the public share prior to completing the merger.
Agreement on state the company will be domiciled in post merger.
those crazy Chinese scammers
Should be named "electric eel co." with tag line, "power up and have some sushi too!"
Bball, no I didn't ask him that. In fact, it didn't even cross my mind as I wasn't too concerned about it. To be honest, I am still not concerned. I have questions, but nothing along the lines of that an R/S is going to take place.
I agree many unknowns here.
PPS is low because nothing is set in stone yet. Plus we don't know what SDE financials are. Will be months till we get an audited financial statement from them.
So it looks like there is some litigation about intellectual property in our future. Could that be why the PPS is at a penny? Thank you for the outstanding DD gentlemen.
What puzzles me about this entire endeavor is that the PPS has died. Something behind the scenes seems to be keeping the PPS in the toilet. Maybe this merge is not such a great deal for investors. You would think that if what everyone is saying is true we should flying past .02. Where are all the buyers? Why are people in the know not soaking up shares? The float is small yet volume is anemic. It is hard to keep a good deal down. So, IMHO either the deal is not so great for investors OR these guys still have a long way to go to complete the deal. They have already missed one deadline will see about next week. Stay cautious and vigilant. GLTA