BlueOne Card Inc (QX) (BCRD) News

To qualify for OTCQX, companies must meet high financial standards

I guess "high financial standards" doesn't necessarily mean revenue.

https://www.otcmarkets.com/stock/BCRD/financials

Ditto.

And ditto again.

So glad no one is in this.

On April 13, 2023, we executed a multi-tenant shopping center lease for a sales office for a monthly rent of $2,196 for a term of three years and two months. The rent is payable on the first day of the opening of business or 60 days after the commencement date. The lease required a monthly common area maintenance expense of $1,531 and a security deposit of $4,392

On April 13, 2023, we executed a multi-tenant shopping center lease for a sales office for a monthly rent of $2,196 for a term of three years and two months. The rent is payable on the first day of the opening of business or 60 days after the commencement date. The lease required a monthly common area maintenance expense of $1,531 and a security deposit of $4,392

Q out. Once again, no revenue.

But cash increased.

Still firing on no cylinders, I see. No revs yet.

https://ih.advfn.com/stock-market/USOTC/blueone-card-qb-BCRD/stock-news/88820414/quarterly-report-10-q

But spending money they don't have.

General and administrative $365,332

What I find amazing is this.

From April 20, 2022 to June 30, 2022, the Company sold 49,286 shares of common stock to seven investors for a total consideration of $172,500.

Yes, it's at a discount to current sp at $3.50, but is the stock worth $8.50?

Annual out.

We incurred a net loss of $530,827 for the year ended March 31, 2022 as compared to a net loss of $275,892 for the year ended March 31, 2021.

On revenue of just $72,200.

And it has a market cap of $86,952,410!?

Each new BlueOne Prepaid MasterCard carries a monthly service fee of $20.00.

https://www.otcmarkets.com/stock/BCRD/news/BlueOne-Card-Inc-Announces-Receipt-of-a-Two-Million-Dollar-Purchase-Order-from-Agency-Tribal-Nations-Federal-Land-Manage?id=346741

For someone who pays nothing for my Bank of America debit card, $20/mo seems like a lot of money.

Yup, that bud/ask is almost in two different time zones

Everything about this ticker is hilarious. See that Bid/Ask?

Hilarious

10-Q out.

https://www.otcmarkets.com/filing/html?id=15534079&guid=xbCwke4whc89dth

Nice ride!

On June 16, 2020, the Company entered into a financing arrangement to purchase a vehicle, and obtained a loan of $78,491, payable over a term of 72 months, interest bearing at 3.99%, with a monthly payment of principal and interest of $1,228.

Nice salary!

On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $150,000 with a 10% annual increase in compensation effective October 1 of each year. On December 22, 2020, the Company issued 1,000,000 shares of its common stock to its CEO, valued at $1,000 as an inducement (sign-on bonus) to enter into the employment agreement (Note 8). The Company has recorded compensation expense of $41,250 and $116,250 for the three months and nine months ended December 31, 2021, and $12,500 and $12,500 for the three months and nine months ended December 31, 2020, respectively. Compensation payable to the CEO was $166,250 and $50,000 as of December 31, 2021 and March 31, 2021, respectively.

Not so nice revenue.

We sold 5,000 and 0 prepaid debit cards and recorded $52,450 and $0 in revenues for the three months ended December 31, 2021 and 2020

I waited quite a while to see anything with LRDR after Joe Arcaro sold the shell to Do Ho Park. It’s similarly slow, a “holding company” but they never release news or seem to do anything that makes it worth while to be public. Must just be an image/ego thing.

It's been over two years since it was TBSS. In the meantime, it was Manneking. I've never waited this long to see what was going to happen to a ticker. Especially an SEC reporting one.

It’s beyond me! I don’t personally understand it, seems like a waste of time and effort unless their end goal is just years down the road…I doubt it though

I thought that might be the case, since they did one in 2019 and 2020.

They're spending a lot of money being SEC reporting to just do nothing with the ticker.

Manneking Inc., is a publicly-traded corporation trading under the symbol TBSSD with it changing to MNKG in December 2019 pursuant to an approval given by FINRA. The Company was incorporated in the State of Nevada in 2007.

I was only partially serious, seeing as how it’s down over 90% today and doing absolutely nothing, with the exception of implementing reverse splits seems to be the only thing that happens here.

Not with this share structure, resulting from the last two.

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

Almost time for another R/S

Truth

Along with everything else we've seen here since Koh took over the ticker.

Haha yeah, the volume here is laughable

Good luck dumping these shares!

Common stock offered by selling stockholders: Up to 948,992 outstanding shares of common stock.

Offering price: $0.50 per share until our shares are quoted on an established public trading market (including the OTCQB) and, thereafter, at prevailing market prices or privately negotiated prices.

https://www.otcmarkets.com/filing/html?id=15202713&guid=sOl9kpTaeCjLH3h

Especially your 4000 shares, Todd Spinelli!

$502,000,000 market cap? really?

For a company that has no operations yet?

https://www.otcmarkets.com/filing/html?id=15040374&guid=gGGkkePo6PYI33h

And what is this?

On June 16, 2020, the Company entered into a financing arrangement to purchase a vehicle, and obtained a loan of $78,491, payable over a term of 72 months, interest bearing at 3.99%, with a monthly payment of principal and interest of $1,228

What the hell did he buy himself?

I don't think this board is going to see any action any time soon.

Form 10 filed.

https://www.otcmarkets.com/filing/html?id=14660236&guid=dioKUHZNE9srI3h

Yeah, "Whoa"!

They issued a shit load of restricteds after the R/S which puts the MC at $501,399,810.

No wonder, with just 3,083 shares held at the DTC, we're only seeing single and double digit share trades going through. Those are shares being dumped out of accounts, as being virtually worthless.

Whoa!

This is certainly an odd little ticker.

You know what? I don't think I believe a word of this.

We have world-wide reach, thanks to our many business partnerships and our products are accepted in millions of establishments located in different parts of the world. In addition, we have long term associations with leading banks and financial institutions, thanks to which we can deal in many different currencies all over the world.

New share structure.

It will boost the sp to $10 and reduce the outstanding share count to just 19,700!

Outstanding Shares 8,420,075

Restricted 8,413,594

Unrestricted 6,481

Held at DTC 3,083

Float 6,700

Alright! 1 share "traded" at $50!

B/S is tightening!!!

$1.52 / $50.00

BCRD is going for the "LONGEST TO GO WITHOUT TRADING AFTER A R/S" award.

7/23 was the last day it traded and the R/S was effective on the 24th.

Interesting that although there's been no volume registered at OTC Markets, the O/S has managed to increase by 371 shares.

Outstanding Shares 20,075

Restricted 13,594

Unrestricted 6,481 (was 6,110)

Proof reader needed at BlueOne Card Inc.

BlueOne Card as a leading provider of innovative payout solutions and prepaid card solution to consumers and coirporations in more then 30 countries transforming Card-to-Card Cross Border Real Time Gloval Money Transfers.

Thanks Slojab. That is one tiny float, should be even smaller after the next few reverse splits

So, after this most recent 1:100 R/S (one was done last year, also) here's where the stock is at the present time.

$50.80

And the share structure is as follows.

Authorized Shares
500,000,000
07/31/2020

Outstanding Shares
19,704
07/31/2020

Restricted
13,594
07/31/2020

Unrestricted
6,110
07/31/2020

Held at DTC
2,712
07/31/2020

Float
6,700
07/29/2020

Effective Aug. 20,2020 MNKGD will change to BCRD:

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

Big glop of shyt

What a piece of crap this dud turned out to be. Glad I got out a long long time ago.

Blue One Card Inc was registered in California on Mar 11, 2019 as a prepaid card service company. The address they list for their offices (4695 MacArthur Court, Suite 450, Newport Beach, CA 92660) seems to be for rent currently.

https://www.commercialcafe.com/commercial-property/us/ca/newport-beach/macarthur-court-4695-macarthur/

Haha another reverse split?! Comical haha

According to Nevada SOS, it's still James Koh's company. He's just changed the name again.

09/30/2011 09/30/2011 AVENUE SOUTH LTD.
10/22/2019 10/22/2019 20190237359 TBSS INTERNATIONAL
06/22/2020 06/22/2020 20200738827 MANNEKING, INC

http://blueonecard.com/

Where are the gate keepers?!

Probably on their computers day trading OTC tickers.

MNKG: effective July 24,2020 Manneking Inc. will change to Blueone Card Inc. and a one for 100 reverse split:

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

Interesting... It is weird to have two splits so close together.

As always. But with the current low O/S in relation to the A/S, which is 500,000,000, there's plenty of room to issue all the shares they want.

Keep in mind that they already did a 1:100 split last year.

Capital Change=shs decreased by 1 for 100 split. Ex-date=11/06/2019. Pay date=11/06/2019

Not you, specifically, but in general. Existing shareholders have already been wiped out, I imagine. If not, this will do it.

I would assume they plan to issue a lot of shares, but that's just my guess.

That's the most ridiculous thing I could imagine for this ticker. It will boost the sp to $10 and reduce the outstanding share count to just 19,700!

What's the need?

1/100 Reverse Split after the close today... Posted on the daily list: https://otce.finra.org/otce/dailyList

When I grow up I wanna be just like him

I see Koh has managed to sell a few shares while doing nothing with this ticker.

Following the reverse stock split, we will have approximately 1,660,000 shares of common stock issued and outstanding

Outstanding Shares 1,970,038 05/29/2020

If we assume he was selling during the higher volume periods late last year and early this year, he pocketed around $150,000. Again, while doing nothing.