Yale Transaction Finders Inc (PK) (YTFD) Quote

Hi Creede. Good to know. Thanks for the info. The old Schwab members can buy it. The new TDA folks that got switched to Schwab can't buy. Very odd.
I even called in a phone order and i couldn't buy it.

Hey SP!

Merry Christmas.

YTFD orders can be placed through Schwab.

Hi SP!

I cannot PM at present.

Very little time for the OTC right now.

Super low float. Sure would be nice to have a winner

Hi,
They just released a new 10-K.

https://www.otcmarkets.com/filing/html?id=16486933&guid=WRA-k6fu0RKfJth
I've been watching this one closely.

Yacht Finders Inc. changed to Yale Transaction Finders Inc.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

yep and it says their full intent is a reverse merger

10-Q just hit.

https://www.otcmarkets.com/stock/YTFD/overview

Held at DTC 0

https://www.otcmarkets.com/stock/YTFD/security
Share structure still the same.

Yeah. I don't blame you.

Might see some reasonable shares appear again if time drags on.

You know how these go.

I am going to have to pass on this one, my body parts are not big enough!

Bid Ask
7.0 18.0

Thanks for the DD.

I can't wait to see what rolls out.

I stand corrected.

My cost basis is $2.33 per share.

The Law Firm Graubard Miller is Having; Jeffrey M. Gallant , Esq. Handle this transaction. This Attorney is very impressive.
Here is his Bio:

https://www.graubard.com/attorney/gallant-jeffrey-m/?msclkid=fff52dccbb5811ec8f0f70370d9b6da4

Jeff also specializes in Special Purpose Acquisition Companies (SPACs) and is involved in all of Graubard Miller's SPAC transactions

Graubard Miller pioneered the
SPAC in 1993 and has been lead counsel on more SPAC transactions, including IPOs and post-IPO business
combinations, than any other law firm in the United States or abroad

https://profiles.superlawyers.com/new-york/new-york/lawyer/jeffrey-m-gallant/14f15869-9e16-4760-8ef2-d292c164035b.html


With a copy to: Graubard Miller
405 Lexington Avenue
New York, NY 10174
Attn: Jeffrey M. Gallant, Esq.
Email: jgallant@graubard.com

If to YFI: Yacht Finders, Inc.
c/o Ironbound Partners Fund LLC
1080 Fifth Avenue
New York, New York 10180
Attn: Jonathan J. Ledecky
Email: jledecky@hockeyny.com

With a copy to: Graubard Miller
405 Lexington Avenue
New York, NY 10174
Attn: Jeffrey Gallant, Esq.
Email: jgallant@graubard.com

So far I can't seem to find anything on their new name change. I might have to pay to look at more info at the DE. SOS.

lol and I heard that!

That never seems to happen, but maybe this will turn out to be a Unicorn.

Never hurts to dream (as long as you remember to take some profit!)

say whaaaa? Took me over a year to accumulate 1,500 shares.

you must be in line for sainthood, jeeze that is what I call patience, and when it forward splits 20 for 1 to allow liquidity I suppose you'll just go along for the ride.

lol — probably pretty thin!

Who knows what a good price is since nobody knows what’s coming.

Took me over a year to accumulate 1,500 shares. Average price of about $1.50 (I think).

Funniest thing is I tried to transfer the shares from Schwab to Fidelity about two months ago and the transfer was rejected.

Fidelity essentially said the shares were worthless because the stock was too illiquid (it had not traded a share in over 90
Days).

I have 200 more now I bought through Fidelity.

Guess it’s not worthless anymore.

the world’s first company to leverage artificial intelligence and machine learning to predict the outcome of litigation and recommend actions that its customers can take to optimize their odds of winning.

Yea but how about the odds of winning some shares around here?

Yep. The MM's have zilch for inventory.

Maybe you never know. I would bet on Ledecky given his great track record. He has made some huge deals over the past few years. Seeing a $7 bid is quite impressive. I think this float is smaller than what people think. Huge jump today and Market Makers know that this could be big. Hence the big move on the ask to $18

Nice DD as usual.

Unicorn -- perhaps?

Thanks for the kind words.

Haha good one. It must be a pretty big deal for him to change it lol.

New info in the 8-K New Law Firm taking over here.


https://www.otcmarkets.com/filing/html?id=15725519&guid=_RewkqpWCxs2Qth

c/o Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, New York


10174

(Address of Principal Executive Offices) (Zip Code)


(212) 818-8800

Registrant’s telephone number, including area code:


Graubard Miller:

Info on them.

Graubard Miller is well known for its corporate and securities practice and our work with private funds and emerging growth companies. Since January 1, 1999, our lawyers have assisted publicly traded clients in raising more than $5 billion in public and private debt and equity offerings. In the past decade, we consistently have ranked in the top 10 law firms nationally with respect to the number of public offerings for which we have served as counsel even though other firms in these rankings tend to be far larger than our firm. Innovation in the field is also our strength, with managing partner David Alan Miller being one of the originators of the financial entity called a Specified Purpose Acquisition Company, or “SPAC,” which is now widely used in public financings. Our corporate practice also involves counseling individuals and companies in many industries regarding a wide range of employment matters as well as advising with respect to intellectual property ownership and protection.

https://www.graubard.com/corporate-securities/
Their website: They do big Spac's and Reverse Mergers. Big Equity Raises, IPO's.

Was trying to figure out why the name Ledecky sounded familiar. Then it came to me, there's the Olympic swimmer Katie Ledecky. Wouldn't you know it, according to wiki Jon Ledecky is her uncle.

He's also a Harvard grad, so I wonder if it's killing him to change the name of the company to Yale. ha

All credit to you on this one.

I would give you a second follow if I could.

The new 8 K is very interesting.
They are changing their name to Yale Transaction Finders, Inc. That is very smart. They won't have to change the ticker symbol. I would be interested to see how they came up with that name. This ticker fits it perfect. After reading the 8 K I think they might be setting this up as Spac., Or a Reverse Merger is going to happen sooner then later.

https://www.otcmarkets.com/filing/html?id=15725519&guid=_RewkqpWCxs2Qth

Yeah, that is a first for this stock. Super thin float. The seller wouldn't even sell 100 shares wow. $11.60 all time high.

https://ih.advfn.com/stock-market/USOTC/yacht-finders-pk-YTFD/trades

Time & Sales for 60 shares @ $11.60

Wish that would have been at least 100 to make it official.

Wow. Shell Company @ $8.00 x $18.00

New 8k

6.00 x 15.00

You see this new 8k?

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On April 7, 2022, Yacht Finders, Inc. (the “Company”) changed its name to Yale Transaction Finders, Inc. The name change was made by the filing of a certificate of amendment to the Company’s certificate of incorporation.

A copy of the Certificate of Amendment to the Certificate of Incorporation is attached hereto as Exhibit 3.1 to this Current Report on Form 8-K.

https://ih.advfn.com/stock-market/USOTC/yacht-finders-pk-YTFD/stock-news/87807849/current-report-filing-8-k

There is a rumble in the jungle here and I am not sure of the story direction but something about this one reminds me of the time I turned down a private placement in a company called google at $25.00 a share, I thought it was too high.

just a gut feeling at this point.

Good morning.

This one seems to have crazy potential.

Current Report Filing (8-k) March 23 2022 - 04:31PM

The Board appointed Mr. Ledecky as Chief Executive Officer and Chief Financial Officer of the Company and Arnold P. Kling as President, Treasurer and Secretary of the Company.

Jonathan J. Ledecky, 64 years old,has been a co-owner of the National Hockey League’s New York Islanders franchise since October 2014. He also serves as an Alternate Governor on the Board of Governors of the NHL and as President of NY Hockey Holdings LLC.

Arnold P. Kling, 63 years old, has, since 2003, been managing partner for several private equity investment funds focused on early-stage companies whose technologies have the potential to disrupt their targeted markets. Mr. Kling has also been serving as Vice-Chairman of UAV Turbines, Inc., a privately held Florida based micro-turbine engine manufacturer,

Hit $6.01 today.

Crazy.

L2

BID

CSTI 5.00
GTSM 4.00
NITE 3.00

ASK

7.00 CSTI
15.00 GTSM
18.00 NITE

Hi, Yeah according to all of the filings I've read. OTC markets page says that as well. I believe the actual trading float is much less. Since this is a shell and it is not DTC cleared. It would have been very difficult for the old shareholders to transfer and sell their stock. When you look at the market makers on this stock. CSTI has always been the AXE. He has the most supply of shares to sell. Which is not many.

He got hit today and 300 shares bought at the ask moved him quick. This has never really had any big volume yet. If any type of volume came in this could really move. I'm just looking at NTWN his last merger for example. That hit $28. This has a much better share structure. I honestly can't imagine how high it could go.

More great DD.

Very excited to see what happens here.

Might snag a few more shares.

Interesting play StockPicker. Is this just a 78k float? If so this could go bonkers

https://www.otcmarkets.com/stock/YTFD/security

YFTD $$$

Ironbound Partners Fund, LLC
Which now owns the majority of shares is owned by Jon Ledecky.

Ironbound has also made a big investment a company called Ex Parte.

https://www.gaebler.com/VC-Investors-B4C9B1B3-4700-4978-942A-5C92DA348A75-Ironbound-Partners#investments

They were the lead investor in a $7.5 Million Round of Series A stock. Very good investment. They are a private company.


https://www.exparte.com/#/home


Ex Parte is the world’s first company to leverage artificial intelligence and machine learning to predict the outcome of litigation and recommend actions that its customers can take to optimize their odds of winning. The company’s patented Prediction Engine™ forecasts the outcome of cases with approximately 85% accuracy, and its patented Recommendation Engine™ generates data-driven recommendations such as whether to litigate or settle, which claims to assert, where to file or defend a lawsuit, and which attorneys and law firms will provide customers with their best chance of success given their case-specific factors.

Really cool technology.

More DTC Info:

(thanks again to STOCKPICKER4LIFE)

WHAT IS DTC ELIGIBILITY?

DTC Eligibility means that a public company’s securities are able to be deposited through DTC. DTC is the largest securities depository in the world and holds over thirty-five trillion dollars worth of securities on deposit. DTC accepts deposits of securities from its participants only, who are usually clearing firms. Most brokers clear stock in-house or hire a clearing firm to do so on their behalf. All movements of securities are made to the participant’s account electronically with book-entry adjustments.

Please Contact Us with Your Name, Company Name, Phone, Ticker Symbol and Email address to see if we can help you obtain DTC eligibility or to solve other DTC related issues. We can then provide you with a estimated cost to obtain DTC Eligibility.

If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares cannot be traded easily. Major Exchanges such as NYSE and NASDAQ require DTC eligibility. Other Platforms such as the OTC Bulletin Board and the Pink Sheet markets do not. Only a DTC participant can request that DTC make a security eligible. Most large U.S. broker-dealers and banks are DTC participants. Once an issuer has been approved for trading by FINRA, they must apply to DTC for their initial eligibility to trade. If DTC approves the application they will hold all of the issuer’s free-trading street name shares on deposit. As with a Form 15C-211 submission to FINRA , an issuer cannot make a direct application to DTC for eligibility. The issuer must have a relationship with a broker-dealer or other financial institution that is a participant and will sponsor the eligibility process. This firm is also known as the “market-maker”. They will carry the initial position in inventory on behalf of their firm. A current List of DTC Participants (http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf) is available on DTC’s web site. The Issuer must also have a transfer agent such as Securities Transfer Corporation that has completed and has on file with DTC a DTC Operational Arrangements Agent Letter, and must also be a participating in DTC’s FAST (Fast Automated Securities Transfer) program.

It is a well-known fact in the securities industry that DTC retains the right to deny a company the ability to use their depository without providing a reason for the denial. Therefore, the eligibility review process should include a clean presentation of facts and documents that meet DTC’s standards. Eligibility requirements include that the securities must be; issued in a transaction registered with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”); or issued in a transaction exempt from registration pursuant to a ’33 Act exemption, that at the time of the request for DTC eligibility no longer involves transfer or ownership restrictions; or eligible for resale pursuant to Rule 144A or Regulation S under the ’33 Act (and must otherwise meet DTC’s eligibility criteria).

...

https://www.stctransfer.com/dtc-eligibility-information/

Great info, Mr Zen.

Gave you a follow.

Well I enlightened myself

If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares cannot be traded easily. Major Exchanges such as NYSE and NASDAQ require DTC eligibility. Other Platforms such as the OTC Bulletin Board and the Pink Sheet markets do not. Only a DTC participant can request that DTC make a security eligible. Most large U.S. broker-dealers and banks are DTC participants. Once an issuer has been approved for trading by FINRA, they must apply to DTC for their initial eligibility to trade. If DTC approves the application they will hold all of the issuer’s free-trading street name shares on deposit. As with a Form 15C-211 submission to FINRA , an issuer cannot make a direct application to DTC for eligibility. The issuer must have a relationship with a broker-dealer or other financial institution that is a participant and will sponsor the eligibility process. This firm is also known as the “market-maker”. They will carry the initial position in inventory on behalf of their firm. A current List of DTC Participants (http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf) is available on DTC’s web site. The Issuer must also have a transfer agent such as Securities Transfer Corporation that has completed and has on file with DTC a DTC Operational Arrangements Agent Letter, and must also be a participating in DTC’s FAST (Fast Automated Securities Transfer) program.

It is a well-known fact in the securities industry that DTC retains the right to deny a company the ability to use their depository without providing a reason for the denial. Therefore, the eligibility review process should include a clean presentation of facts and documents that meet DTC’s standards. Eligibility requirements include that the securities must be; issued in a transaction registered with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”); or issued in a transaction exempt from registration pursuant to a ’33 Act exemption, that at the time of the request for DTC eligibility no longer involves transfer or ownership restrictions; or eligible for resale pursuant to Rule 144A or Regulation S under the ’33 Act (and must otherwise meet DTC’s eligibility criteria).

From my understanding,

the DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities.

If a stock is bought or sold on the open market it goes through the DTC, I have always used the DTC number as the float, because I always thought the float cannot be higher than that.

So as it stands today, there are no DTC shares therefore no shares have been registered with the SEC as ready for sale.

This is my understanding, someone enlighten me

There’s no shares at the DTC because the float is only 78k — there was no need.

Ledecky is loaded and knows what’s he’s doing. I’m sure he will get it fired up in due time.

how do you get past this?

Held at DTC 0 03/24/2022

Credit to STOCKPICKER4LIFE on some of the best DD I have ever seen.

STOCKPICKER4LIFE

Friday, March 25, 2022 3:48:31 AM
Re: creede post# 4872

Post# of 4884 Go

New Owner: Johnathan Ledecky

YTFD

His Bio:

https://en.wikipedia.org/wiki/Jon_Ledecky?msclkid=967218bdabd011ec95ff7e25ecea67c4

https://www.schnepsmedia.com/qns/jon-ledecky/

https://www.marketscreener.com/business-leaders/Jonathan-Ledecky-001Z4Z-E/biography/?msclkid=96729a67abd011ec89fe8dde43f979a4

Very impressive Spac he created.

https://www.reuters.com/article/us-apex-clearing-m-a-northern-star-in-idUSKBN2AM18D

https://www.nasdaq.com/articles/jonathan-ledeckys-third-spac-pivotal-investment-corp-iii-files-for-a-%24200-million-ipo-2021

https://www.bloomberg.com/profile/person/1524639

Ledecky has launched some 10 special purpose acquisition companies dating back to 2007.

https://seekingalpha.com/news/3668331-new-york-islanders-co-owner-raises-700m-for-spacs-northern-star-investment-corps-iii-and-iv

He is involved in some big board stocks that are on NYSE.

BarkBox
He did this merger.

https://marketrealist.com/p/stic-spac-stock-forecast/

Old article and some good history on him.

https://www.thecrimson.com/article/2004/6/9/philanthropist-makes-fortune-on-rollup-concept/

His last Reverse Merger he did.

https://www.appgate.com/news-press/appgate-a-leading-cybersecurity-company-founded-on-zero-trust-principles-closes-merger-with-newtown-lane-marketing

I believe he has something planned for this one. I actually did talk to Yacht Finders CEO "attorney" a few times in the past. He told me they were looking to merge with the right company that wants to go public.

Jon got the company debt free. They cancelled all the debt. No additional shares were issued.

Jon will have to get this DTC cleared. That takes some time and money.
Once that happens, I bet more buyers and volume will hit. At that point it could get very interesting.

I read all the filings in detail. The same guy that did the NTWN deal is involved in this one to. This is just a hunch, but I am leaning towards a big board Reverse Merger deal whenever it happens. The share structure is perfect to do a big raise and then up list. Again this is just my own opinion.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168328819

4.00 x 6.00

$5 print

Came a long way this week!

.11 x 1.00

Yep.

I think these super clean micro float stocks are going to be hot moving forward.

Seems like the most likely place to make a nice multi bagger now that the rules have been changed.

Thanks great to know

I highly recommend Fidelity these days.

Still $0 commission on OTC stocks.

Including YTFD