Green Planet Bioengineering Company Ltd (PK) (GPLB)

I'd imagine whoever bought this, there would not be any debt in the end, the debt would be converted into like 50M shares or something and the merging company would then get like 98% of the o/s for the price paid.

So even if they paid $500K for this it would still be a good deal IMO, as it would be debt free and has nearly 20 years of SEC filings, with no gaps and that is pretty valuable. Its going to be FAR easier to get any corporate actions, or anything else regulatory that needs done with that kind of filing history, unlike these cheap custodianship shells. Good luck getting anything done with those ones that filed their Form 15 late and are missing filings....lol.

I mean I appreciate what the custodians are doing, bringing those old turds back to life and giving shareholders a chance to to recoup their money, as well as giving co's who want to go public a cheaper option.... but lets face it those shells are often crap. Many of them were run by scammers in the past and even with new ownership, you can't get that stink off.

I still had 5k, and added 25k, I'm okay with that.

And true, some of that old shells are loaded with debt to keep them alive. We'll see of they get something done.
Quite some shells are coming back lately, some of them I owned. Still have a lot of expert market companies though.

I probably should have bought another 10K or so, I think that MM was trying to get rid of their shares before it went to Expert, I've seen it happen many times before, its a good time to pick up cheap shares but also risky bc you don't know if it will come back. This is one of the older shells out there, that has still not found a merger, so I really thought that was it, they were giving up.

They are at the point now, they have so much $$$s invested in it, keeping the SEC filings up, that they would need to get like $500K+ for it and that won't be easy. A lot of co's are using these cheap $150K or $200K custodian shells instead, with just OTC Markets filings.

I think they should lower their expectations, maybe try to get $400K, or even less but get to keep like 1M shares and sign a lockup agreement, so they can only sell a minimal amount per year. If the owners are Chinese they really need to call, Huayxin Capital, he's getting tons of mergers done recently, though I believe he speaks English as well.

Just saw that. Nice. Few years ago it went over $2, so who knows

Filed their Q today, looks like they are still alive after all.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1392449/000165495425013033/gplb_10q.htm

Might be wasted money but in all the many years I've followed, I've never seen it so cheap, so I had to grab a little bit.

I could be wrong but if I remember correctly, I believe the owners of this shell are actually Chinese, even though Global Funds Holdings Corp is based in Canada. They have always struggled to find a merger candidate, all they have to do is call Sheng Danping at Huayixin Capital, he probably has loads of Chinese companies looking to go public but not enough shells. Very few people in China know more about the US capital markets, particularly the OTC and taking Chinese co's public than Huayixin.

https://hyxinvest.com

Ha BB, so did I

Probably going to Expert and never coming back but couldn't resist picking up a few on the fire sale today jic it does come back.

GPLB .51

GPLB .03

GPLB .0005

GPLB .0002

Yeah that is a good amount of volume for this one. Been watching this one for along time.

GPLB getting some rare volume today...hmmmm

This is the third time GPLB has hit 52-week high of 0.25 Maybe third time's a charm to start going higher.

https://finance.yahoo.com/quote/gplb/history?p=gplb

New 52 week high

Very nice.

GPLB New 52-week High on decent volume.

Yep, GPLB very quiet today.

Yes, would be nice. Noticed yesterday's move.

Would be nice to finally have something here. Shaping up to be a nice day thus far.

Yeah, been watching, I've noticed over the course of the past week or two, I've seen new bidders show up as well....which is rather unusual. Don't want to read too much into it just yet, but maybe something finally up here. The days of the shells like this, taking an eternity to find mergers are ending, so perhaps that lit a fire under them....lol.

Getting some volume today, most in 52-weeks.

I see. The 20K was all me haha. Not a bad stock to stash and see what happens.

Unfortunately, 20K+ volume is actually pretty good for this...for some reason it rarely ever trades, despite being a really solid, and fully SEC reporting shell. :shrugs:

Why no volume here on reinstatement?

Yep, very true, I'm both shocked and amazed at some of the deals he's pulled off.....lol.

David Lazar is a very sly fox. If anyone can do it, he can and pocket some nice coin in the process IMO.

David Lazar should contact Jordan and see if he can swing a similar deal to what he did in MAGAA, it's got to be money pit for him, it's been a shell for eons, Lazar could probably roll something in here in a month or less....lol.

Been in this one for a couple of years now. Just Waiting for shell to be bought by a legitimate business or investors.

That why I never put more into them, than I can afford to let sit for ages if need be, I can just put them in the pile and forget about them.

I actually had to liquidate almost all my stocks several years ago, to pay off some bills.....but I never sold my shells that I had accumulated cheeply....one, because I could not get anything for them, and two, because its usually a long, arduous process, picking up whacks here and there...lol, it's generally just not worth selling them until an RM occurs.

Thankfully, I was able to rebuild my account, on some of those shells I didn't sell..!!

I too play shells but sometimes I feel like I need to cleanup my account and get rid of oldies. GL

Yeah, always liked this one, I just dont have enough shares...lol. If I had a client looking for a shell, this would probably one of my first calls, because it has a very high share delivery percentage, and Jordan has kept up with the SEC reporting for many years, without any big filing gaps.

Not sure how much time is actually spent looking for a RM though, and could take many more years to find one, but I think it's a good one to collect for the pile, because its so cheap, and has such a low float.

Great Shell Company!

Reporting Status: SEC Reporting
O/S: 20M
Insider Ownership: 92%
Float: 1.5M

P.S.
Disclosure: Long GPLB

Ah, I see, I just bid sit on many of these old shells, and collect what I can here and there over time, this one has always been very tough to get.... and now someone gets 14K just like that........this strategy can be very frustrating at times....lol.

Especially in this current market, folks keep running up the bids on all the shells now it seems.

Not holding them any longer.

You still got your shares, or did you give up on this one...??

I've been the high bidder on this, on and off, for ages now, can hardly ever catch a whack....then someone jumps my bid this AM, and gets whacked 14K shares....lol...good grief, unreal.....I would have gladly taken those.

10Q https://www.sec.gov/Archives/edgar/data/1392449/000165495419009223/gplb_10q.htm

10Q https://www.sec.gov/Archives/edgar/data/1392449/000165495419005456/gplb_10q.htm

why?

I picked up some shares today.

GPLB I got some .26 on old order forgot to cancel today, what is up with this low P/E snoozer, has it been smoking some of the bad residuals of the LEAF?

The parent company (ONBI) mentioned in article today .......

http://www.thestreet.com/_yahoo/story/10954728/1/small-cast-stars-in-china-reverse-mergers.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

I believe it's page 4.

Who knows ? Call her and see if you can't get any more info than I did ..........

"That's odd. You would think if it shouldn't be trading, why keep filing?"

That's odd. You would think if it shouldn't be trading, why keep filing?

I haven't read them myself, but you can call 888-676-4445 and the lady that answers the phone seems very knowledgable with regards to why the stock shouldn't be trading at all. She's Chinese, but speaks very good English .......

"I've read the filings and don't see that anywhere."

I've read the filings and don't see that anywhere.

Just spoke with One Bio Corp., GPLB's parent company and they told me that GPLB shouldn't even be trading and it says per the SEC filings according to the lady I spoke with. Geez, no wonder GPLB appears to be priced so cheaply.

Hmm, just checked and I still see a dual listing, but GPLB.OB still hasnt traded as that since Nov. 1 when it was .038, the stock is trading actively as GPLB.PK from what I see.

I don't know what you are looking at that has it different. I've checked three sources besides my Scottrade and they all say the same.

Good luck


malc

I bought some today. .35 on the ask, and online to show .24 EPS for the year. Everything I've looked at still shows them as an OTC.