Potse
1 년 전
Traderfan...OTC Markets is definitely frustrating now......
Thanks for that stuff. First of all I hope they close the deal since it is mentioned in the filing that it's not yet closed. Second the problem right now really is that nobody out there gives a damn about reverse mergers on the otc anymore. I mean with this share structure ADMG should have hit 15 cents at least after that change of control was written about in the filing, but right now nobody cares about a good setup or any of these catalysts anymore in the otc, hopefully that changes again at some point, it's kinda frustrating. It would certainly be good if they put in more than one company into the shell eventually.
Given how difficult trading/investing in the OTC Markets has become it is certainly understandable why so many people have switched their focus to swinging/flipping small caps on the Nasdaq. Between all of the idiotic policies surrounding OTC stocks (courtesy of the SEC, OTC Markets and brokers), it has basically forced people to move away from this section of the market. Nasdaq stocks have their own sets of problems, but for the most part you can buy/sell what you want when you want and don't have to excessively worry about somebody in the back office waking up in a bad mood and slapping a CE on your stock with virtually no warning. That constant threat of a stock promotion or CE label makes it almost impractical or too risky to establish a large position in an OTC stock anymore (no matter how attractive that stock might be). And that reluctance to take larger positions exacerbates the liquidity issues in the OTC, which makes even more people seek the liquidity that Nasdaq offers. Kind of an endless trend that might not get completely turned around until policy changes are enacted.
It is tough to instill confidence in a market when you have a company like OTC Markets that is basically omnipotent over other publicly-traded companies. It makes absolutely no sense to me that OTC Markets can demand transparency of other companies under the veil of "protecting investors" but at the same time OTC Markets feels no obligation to provide full transparency to retail investors when it is thinking about dishing out stock promotion and CE labels. Those kinds of potentially market influencing actions demand complete transparency and should not be cloaked in secrecy. That entire policy needs to be scrapped or drastically overhauled.
It just seems so utterly ridiculous/silly that every company and every retail investor has to be on pins and needles every single trading day because you never know if some completely third-party stock promotion appears out of the wild blue, and the company basically has to beg and plead with OTC Markets not to punish the stock even though the company may have had absolutely nothing to do with the promotion.
Regarding ADMG: I feel reasonably confident that this change in control will get completed. But in the event that it does not, I remain encouraged by the fact that Larry Eastland was prepared to sell his entire control block. That is something I very much wanted to see here because it would be a significantly favorable move for the legacy retail shareholders. That bodes well for any future RM transaction. With a legacy position under 5M shares, the legacy share valuation would be extremely attractive/undervalued right now. Beautiful upside potential when you compare it to some other valuations we have seen in other shell/RM situations during this rough market.
Potse
1 년 전
Traderfan...change in control, legacy share valuation......
Looks like there is a change of control in the 10q today. Finally. You still in here? What‘s your take?
I still have all my full position in the ADMG shell (a little over 800K shares at an average under 11.9 cents). The legacy share valuation at the current price of 6 cents is extremely attractive, in my opinion. Over on the other board I made this comment back in August on why I liked this shell so much.........
But focusing on the current numbers/valuation, the upside potential from this 5-cent level is pretty hard for me to ignore. Using the full 16M shares as a legacy base number gives ADMG around an $800K legacy valuation at the current 5 cents. There usually is the potential for decent money to be made when you can buy a relatively attractive shell at a legacy valuation under $1M. What makes ADMG even more interesting/attractive to me is the possibility of Eastland selling some or all of his position to the RM target. In that best-case scenario, ADMG's legacy valuation at 5 cents could be under $220K.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169744127
Depending on how the $50K debt on the books gets handled, I think there is a good chance that the final legacy share count here is going to be around 4.3M shares. I don't know what Nicholas Parks has planned for this shell or exactly how everything will get structured and ultimately play out here, but I really see no reason why the ADMG shell should not be able to achieve a bare minimum of a $1-2M legacy share valuation at some point.
Interesting to note: Back in 2017, Nicholas Parks purchased around 10M shares of PRKA from Larry Eastland for $510K. So that probably explains how these two parties got together on the ADMG change in control.
From everything I have seen, Nicholas Parks appears to be an extremely hard worker and a likable kind of guy. Basically built his businesses from nothing. I would assume he is planning to put at least some of his existing businesses in the ADMG shell. He also recently started a business incubation company and has some interest in venture capital.
The pinball industry might initially seem somewhat lackluster, but the largest company in that space (Stern Pinball) says they see 20-30% annual growth for the foreseeable future. Stern had to double its facilities this year to keep up with demand and expects to increase its employee count (currently 450) by 10% annually.......
https://www.costar.com/article/1684457330/worlds-biggest-pinball-machine-maker-expands-after-bump-in-demand
I don't how much revenue Nicholas Parks' first company (The Pinball Company) is currently generating, but this article below says 2019 revenue was around $9M.......
In the first year of the company, Parks anticipated he would sell 300 to 400 machines at roughly $3,000 each. It would yield around $1 million in total revenue. In reality, the company managed to double its predictions, bringing in about $2.5 million in revenue. “The market was much bigger than I thought, and I was able to reach way more people than I thought I could,” Parks says. Around this time, his wife, Brooke Parks, joined the company to help with the bookkeeping, logistics and customer service duties. “It was definitely more chaotic,” she says. “We were really learning as we went.” Parks says that Brooke has now taken over the majority of day-to-day operations, while he mainly sticks to the creative and marketing side. “She’s a believer and has been there the whole time,” Parks says.
Fast forward to today, the Parks family’s business brought in about $8 million in sales during 2018 and has already achieved 10% growth in sales in 2019. They now use a delivery service for long-distance orders, while still personally delivering their local orders. They subcontract 300 technicians nationwide to help service the machines and employ three full-time technicians who fully refurbish old machines. As for the future, Parks says they’ve always toyed with the idea of breaking into the pinball machine manufacturing market, whether that be merging with an already established manufacturer or starting their own. Additionally, Parks says they’ve discussed getting into the parts manufacturing business, in order to help supply their customers with spare parts to keep their machines up and running.
https://www.voxmagazine.com/magazine/nic-parks-silverball-profile/article_8373b04e-ed6d-11e9-8323-879f1c74fba7.html
This is the most recent radio interview with Nicholas Parks (March 2023). He mostly talks about Lakeside Ashland and the business incubator......
https://939theeagle.com/audio-parks-entertainment-founder-nic-parks-discusses-lakeside-ashland-shiloh-and-level-up-on-93-the-eagles-ceo-roundtable/
ANTI-BAGHOLDER
2 년 전
? ADMG Parks Amusements, LLC is a limited liability company (LLC) located at 6000 S Sinclair Rd in Columbia, Missouri that received a Coronavirus-related PPP loan from the SBA of $162,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 60 people during the applicable loan loan period.
https://www.federalpay.org/paycheck-protection-program/parks-amusements-llc-columbia-mo
Traderfan
2 년 전
Potse
Looks like there is a change of control in the 10q today. Finally. You still in here? What‘s your take?
„8. SUBSEQUENT EVENTS
On May 1, 2023, Global Strategies, Inc., the Company’s controlling shareholder, entered into an agreement to sell 11,866,563 shares of the Company’s common stock to Parks Amusements LLC, a limited liability corporation incorporated in the State of Missouri, for total consideration of $300,000. The 11,866,563 shares represent approximately 73% of the outstanding shares of the Company as of the date hereof, and the sale of common stock will effect a change in control of the Company. As of the date of this report, the transaction has not yet concluded“
PennyStockTrader2
3 년 전
this has come all the way back, so glad I sold, maybe not a perfect, but recouped almost everything over lifetime trading. I would consider getting back in at these low prices, but if they never actually do anything then what's the point, it will end up back at zero.
At 3 cents its worth 480K which could function as a clean shell.
PennyStockTrader2
3 년 전
well besides the 2 day wonder, this puppy is not going anywhere from what I can tell. I will continue to follow but those with stronger hands have taken all my shares. It's just not worth investing in a shell, not to say they can't be successful, but I dont like the odds.
Miraculously over maybe 4 years of trading ADMG, I lost a few grand, I'll take. Only by heavily averaging down was I able to do it, with the believe it would at least bounce, and it did. Granted I could have sold off what I had at much better prices, I can live it with, they should have been successful with the original business, damned chinese government was 100% at fault, so very very sad, our government certainly has its issues, no Q about that, but what the chinese did to this company in inexcusable and makes me ripping mad.
PennyStockTrader2
3 년 전
well, good for you, a new base appears to have been established, but without news it will fall back. Interesting to see what Ethan can do with this, but just being a pure shell, shareholders won't get a lot. I have taken a little more off the table at a dime, and would continue to sell what I have remaining as the opportunity presents itself.
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