surfkast
6月前
Good luck. This may run again.
Based on the filings it shows 5,716,540 preferred C shares are still outstanding. It shows Todd holding 5,250, 000 shares. This would leave 166,540 held by Wade (Novus Group). They are convertible @25,000 to one. So the best case would be Wade cashing in and another
4.1 billion commons hitting.
Todd's shares upon conversion would be over 131 billion more common.
The big problem lies in that only 4 billion shares are authorized and 3.9 billion are issued and outstanding. They wouold need a massive increase or a massive R/S which FINRA may not process if deficient in their filings.
Time will tell.
surfkast
7月前
Why? Not a crypto company! It is now a fake gold purchase advisory company!(What is that?)
The Company has strategically transitioned its primary business operations. Having fully depreciated and/or disposed of its Bitcoin mining equipment, direct cryptocurrency mining is no longer a central focus, though minor residual revenues may continue from prior co-located hosting arrangements.
(HMMM, disposal/depreciation would show up in financials. They are delinquent.)
https://www.otcmarkets.com/file/company/financial-report/481576/content
Correction: Vortex Brands (OTC: VTXB) Begins Gold Purchases Under New Joint Venture with Dubai-Based Partner
Press Release
OTC Disclosure & News Service | 05/15/2025
Denver, CO - May 15, 2025 - Vortex Brands Co. (OTC: VTXB), a diversified holding company focused on scalable, asset-backed ventures, today announced its strategic advisory role in a significant gold transaction, marking the commencement of a business model with substantial revenue potential.
Vortex Brands is providing key advisory services related to the acquisition of gold dore from artisanal miners in Africa and its subsequent export to Dubai for refining and sale. This initial engagement establishes a framework for future transactions with increasing scale.
https://www.otcmarkets.com/stock/VTXB/news/Correction-Vortex-Brands-OTC-VTXB-Begins-Gold-Purchases-Under-New-Joint-Venture-with-Dubai-Based-Partner?id=477470
BasedOnFeels
7月前
Well the AS/OS is basically maxxed, so it doesnt really matter what or how many he converted within the last 6 months, its already a done deal.
So now shareholders just have to wait to inevitably see how much the AS goes up, or at what ratio the RS will be.
Unless Wade is done for awhile and they dont touch the share structure to maybe regain some confidence in the stock.. but not likely.
The OTC usually likes a stock that cant dilute anymore until that amended articles of incorp hits unexpectedly and that share price takes a big ass downward hit just from retail fear, then to add fuel to the fire, Wade converts and dumps, starting the toxic cycle again.
surfkast
7月前
The companyis delinquent with their filings. The last Q was for 5/31/2025. The next Q was due on or about October 15th. That is why they are kicked down.
Without updated filings one can not tell how many shares were converted since May.
No filing so no R/S is possible.
01
/25/202
5
New
Issuance 250,000,000 Common $0.00 Yes
Novus
Group
(Joseph
Wade)
Conversion
of preferred
stock
UR 4(a)(1)
01/21/2025 Cancelled
-10,000 Series C
Preferred n/a n/a (not
traded)
Novus
Group
(Joseph
Wade)
converted n/a n/a
2/14/202
5
New
Issuance 250,000,000 Common $0.00 Yes
Novus
Group
(Joseph
Wade)
Conversion
of preferred
stock
UR 4(a)(1)
02/14/2025 Cancelled
-10,000 Series C
Preferred n/a n/a (not
traded)
Novus
Group
(Joseph
Wade)
converted n/a n/a
3
/
1
3/202
5
New
Issuance 250,000,000 Common $0.00 Yes
Novus
Group
(Joseph
Wade)
Conversion
of preferred
stock
UR 4(a)(1)
0
3/1
3/2025 Cancelled
-10,000 Series C
Preferred n/a n/a (not
traded)
Novus
Group
(Joseph
Wade)
converted n/a n/a
04
/29/202
5
New
Issuance 200,000,000 Common $0.00 Yes
Novus
Group
(Joseph
Wade)
Conversion
of preferred
stock
UR 4(a)(1)
0
4
/29/2025 Cancelled
-10,000 Series C
Preferred n/a n/a (not
traded)
Novus
Group
(Joseph
Wade)
converted
BasedOnFeels
7月前
1) Yes and RS would first go through a filing on Colorado SOS website as an articles amendment or something of that nature, would then need to be approved by FINRA and given a conversion date giving shareholders time to weigh their options.
2) Id advise you to use ThinkOrSwim, best chart program in the game. Could also use Finviz. On high volume days, its usually a dump that coincides with a PR and usually closer to beginning of the quarters 3/6/9/12(to hide conversion amounts for the next 4.5 months via filings)
Can use OTCM website to track dilution via the OS changes when the TA updates.
Dilution/conversions here started 1/1/23 when unusual volume starts, coinciding with share price decline as well as conversions by Novus in filings.
Usually its a toxic noteholder that brings the death spiral.. in VTXB case, its just Wade.. the stock owner.
3) It just depends on Wade and how many shares he has available at the time to dump or put them on the ask using buying pressure as the liquidity dump instead, and the stock will never move organically upwards because he will be selling on every tick. He can wipe out an entire bid in one wack if he wanted, whereas not one shareholder here probably has that ability. Now imagine a shareholder than can continuously do that forever. Around 240+billion more shares to go before he runs out of Series C shares. He can raise the current AS 60 more times before hes done, and even then he can just create a new class of shares, Higley issues it to him in a filing, and wallah... more free shares. Thats VTXB. Scary.
PennyHoper
7月前
Doesn't there have to be a (recent) filing about a R/S before it happens? If so, has there been one? (VTXB seems to be behind in its filings.)
I'm not very good at reading (free) ihub trading activity charts. Is there a chart that shows regular, monthly trading activity (price and volume) that would correspond to regular monthly conversions by Wade and co from Dec 2024 up to now (i.e., Sept 2025, if not Oct 2025)?
Charts aside, how much is typically sold at retail after conversion? 250,000,000 shares? Other? (250M would fit into the current ASK.)
[Note: I'm not arguing with your points about the history and likely 'future history' of conversions by Wade, et al, to convert and dump.]
BasedOnFeels
7月前
So is it bullish if the lowest a stock can go, has less shares on the bid than the ask?
Im going to assume most of those shares of the .0002's are Wades... he has billions and billions and billions more to put there if he wants, and has been converting every month since December, do you think this stops upon AS raise/RS?
If we go by stock history, the conversion trend doesnt stop.. and if it DOES stop.. how long will it stop before the next conversion? Will the share price even raise during the time to reflect the conversion stall?
1.2 BILLION shares converted since December of last year, and thats just from the most recent filing, now the OS is maxed... so he has to wait for the Colorado AS raise to come to convert more... think it will stop there? There hasnt even been enough volume for Wade to sell all of them, so he still has more to dump this go around.
Then think WHY they are raising the AS.. think its to convert MORE or for an acquisition? They havent acquired anything since Widners PAS in 2017, and why would they? That would mean bringing potential liquidity competition for Wades conversions/dumps...not to mention Brian Mclains 700m he might or might not still have left to sell.
The only positive is, if they dont raise the AS or RS there is no significant conversions possible in the meantime.. so maybe then it can move up since its just retail trading the stock, instead of Wade just converting at basement prices and ultimately selling... guess he has no conviction in his own stock or he just doesnt give af about its shareholders or he needs cash or probably all 3.
Im guessing the AS raise is going to at least be 9 billion, just like in their 2022/2023 articles of Incorp filing which they amended 4 months later from 9B to 4B... I think that was a premature and foreshadowing number they jumped the gun on, to make it seem like they did shareholders a favor when the OS was 1.2B... which means 2.8 BILLION have been converted since 3/29/23 or so. How are shareholders/traders supposed to win when the stock owner wont allow it by way of infinite dilution?
Also, is anyone still getting their .0000001 dividend payments?
PennyHoper
7月前
The BID/ASK sizes (not prices) seems a lot higher today.
161,874,383/266,949,382
Last time I kept track, the sizes were only in the single millions (x,000,000/y,000,000).
BasedOnFeels
7月前
Again, why would he start a runup? How will he start a runup?
If BTC at all time highs didnt move it upwards....more dumping.
If an AI trading Algo didnt move it upwards.... more dumping.
If an investment into MSTR didnt move it upwards....more dumping.
If gold at all time highs didnt move it upwards....more dumping(to no bid).
Whats going to move it upwards? Ill tell you one thing that wont move it upwards- is the constant 250m share conversions and subsequent dumps by 1 individual(the one you want to start the run up)
AS raise or RS coming...Those are 2 pretty bearish corporate actions in the OTC... not seeing how this can run without the OTC community rallying behind it...and they seem to be nowhere near this, because, well..... constant conversions and 99.99% being bagged.
Just wait for the next pivot into the hot market theme, maybe traders will have forgotten why this is .0001/nobid.
All in all, this might touch .0003 but with a never ending looming conversion every month.. how can anyone trust it?
Not a very fun or positive outlook of the future here. I do hope many can get unbagged at some point, to at least bring liquidity to other plays instead of being deadlocked here forever.
BasedOnFeels
8月前
They switched to that name when they had the Widners PAS patent/IP sold to them by IHSI(now delisted) under the name Fazync LLC back when this was CE around 2017/18 and an SEC filer.
Wade pushed Cecilia Widner off the board of directors after a couple years of no stock interest and forced her to vacate their preferred Series C shares back to the treasury for an apparent disagreement.
They switched to Vortex Brands upon the BTC miner pivot with an eventual abandonment of that venture altogether and now the gold pivot with all time highs.
VTXB just follows the hot market sector trends and switches 'operations' with the same management.
This mightve actually garnered interest if it didnt convert 250 million shares every month.,. but now the OS is maxed and if Wade wants to convert anymore, they have to raise the AS or reverse split.. those are the only 2 options. Not a very fun forward future outlook.
VTXB has operated soley on public offerings/direct placement and has not had a convertible note in 15-20 years.
The only conversions in such time were Series C preferred shares.
This traded .06 3-4 years ago, with an OS at the time of I believe 325m or so.
With 700m shares going to Brian Mclain for whatever he did to earn that many shares(I think maybe for hosting the BTC miners?) "Services rendered" they called it. Curious if he sold any, it should be on the next filing(s), if it ever gets filed.
The dilution started when this was at .0025 or so, Wade converted close to 3B+ shares for around $300-500k+ in that time. While Todd Higley draws a +100K salary for signing his name at the bottom of filings and holding a bunch of Series C shares for Novus when they run out.
This stock was fun to trade at one time, not anymore though. Too much risk even at .0001 where Novus has no problem selling for years and years and years and years with over 240+ BILLION shares in Series C shares left... also on the verge of Expert Market is scary dead money.
PennyHoper
8月前
Some digging reveals that it is connected to VTXB. See this (under PART II)
https://www.otcmarkets.com/filing/html?id=13541566&guid=C2b-kKMDpI2kdth
Item 1. Business
Corporate History
Vortex Brands Co. (“Vortex Brands”, “we”, “us”, “our”, or the "Company") was originally incorporated in the State of Colorado on May 6, 2005 under the name of Global Sunrise, Inc. On January 15, 2007 the Company changed its name to Zulu Energy Corp. On May 29, 2014, the Company changed its name to Vortex Brands Co. The Company trades on OTC Markets PINKS under the symbol “VTXB”.
Our corporate business address is: 3511 Del Paso Rd., Ste. 160 PMB 208, Sacramento, CA 95835 , and our registered office is located at 1942 Broadway Street, Suite 314C, Boulder, CO 80302. Our telephone number is 213-260-0321. Our E-Mail address is info@vortexbrands.us.
The address of our web site is www.vortexgreenenergy.com. The information at our web site is for general information and marketing purposes and is not part of this report for purposes of liability for disclosures under the federal securities laws.
However, the godaddy domain report (thanks for that) suggests that there is 'trouble in paradise':
Domain Status
client delete prohibited
client renew prohibited
client transfer prohibited
client update prohibited
I google-searched for the meaning of "client renew prohibited"; the AI Overview says:
"Client renew prohibited" means that a domain cannot be renewed through its current registrar. This status is often set due to a legal dispute, non-payment, or other issues that prevent the owner or registrar from renewing the domain at the registry level. To renew, the underlying problem must be resolved, and the restriction must be removed by contacting the registrar and potentially the domain's registry.
Although the domain was created in 2019, its expiration date is 2026-02-13T01:05:29Z.
I guess that explains why that single page contains a 2025 copyright (auto-update by godaddy). That it is currently non-renewable suggests that godaddy is just biding its time until the contract for support expires (in lieu of an actual resolution to whatever the underlying dispute is).
PennyHoper
8月前
Re 'no website' ... I just noticed that my Schwab account has an info blurb that says, "Vortex Brands Co., doing business as Vortex Green Energy ...", and lists the following website:
https://vortexgreenenergy.com/
which a) exists, but is a home-page only with a 'drop us a line' form, and b) it sports a 2025 copyright date.
However, that looks like an old scam that was long ago abandoned (despite the 2025 webpage date).
[BTW - the 'subscribe to updates' feature actually works, at least to the extent that it sends a response email asking to confirm the subscription request.]
--
In other non-news, VTXB has not only not filed any reports (quarterlies) in Nov 2025 -- whereas there have been regular quarterlies in past Novembers -- but there is also no "Attorney Letter" at all for 2025, whereas there have been for 2021-2024.
There is a 15-day grace period between missing a filing deadline and demotion to the Expert Market. I don't know when the deadline was, but if was any time after mid-November, arguably they will end up on the Expert Market by mid-December.
PennyHoper
8月前
A reason an OTC stock could be downgraded to Limited Information:
Failure to respond to OTC Markets compliance requests within designated timeframes results in downgrade to Limited Information or suspension.
https://www.securitieslawyer101.com/2025/common-disclosure-deficiencies-leading-to-otc-markets-suspension/
The reasons that an OTC stock might be suspended are also interesting, especially this one:
Contradictory or Promotional Press Releases
Material disclosures must align with filed financials and business information. Promotional statements inconsistent with filings can lead to suspension under Rule 10b-5.
Exaggerated claims or partnerships not supported by filings.
As anyone can see, the last quarterly report for the period ending May 31, 2025, made no mention of the "gold purchase" that was claimed in a May 15 2025 PR with an unnamed partner in Dubai.
https://www.otcmarkets.com/stock/VTXB/news/Correction-Vortex-Brands-OTC-VTXB-Begins-Gold-Purchases-Under-New-Joint-Venture-with-Dubai-Based-Partner?id=477470
This article:
https://www.securitieslawyer101.com/2025/annual-and-quarterly-reporting-under-the-otc-markets-alternative-reporting-standard/
suggests other possible reasons for VTXB to have been downgraded (but it isn't specifically about VTXB).
Check out this article as well (especially the check-list of "Current Information):
https://www.securitieslawyer101.com/2025/understanding-rule-15c2-11-current-information-standard/
Does VTXB even have a website, let alone this item:
Public website or investor-relations page with links to filings.
PennyHoper
8月前
Speaking of the ASK of late ...
Near the end of last month, and the first days of Oct, the ASK size in shares, at .0002, has been around 2.6M (the only number displayed by Schwab in my account; it doesn't mean the stack of .0002's isn't deeper, but I don't pay for a detailed L2). Today, so far, it's about 1.9M.