Colombia Energy Resources Inc (CE) (CERX) Quote

Would love to see it stay quoted!!!!!

Still in the courts so we will see how it plays out. Still love the fact that it is only 5 mil O/S.

Most likely won't be quoted after tomorrow.........

Well, time to move one way or the other here.

I don't know - own very little of it.

Nice 5m O/S
I’m
Not in it.
Noncurrent is pushing it down.
Where are they in the OTC process?

Another one getting hit.....

I’m settling in for a tough week.
I don’t expect much from Synergy or Monopoly R/M plays.

OTC has to be swamped. And as I’ve posted a few times, they are the biggest losers in this action
They should be rubber stamping every application coming across their desk.,just do the basic DD.
Rubber stamp all Synergy plays.,LOL

Looks like someone realized what we have here. Very thin to $1. With our SS, the custody update will send us to multiple. I know Ben reached out to old management last week. Getting ready.

Most definitely far from dead. It just adds more cost to a shell.
I bet Synergy is going to get a rush of customers holding control of shells.
Good for us, Ben knows the good from the bad. I can imagine he’s going to be bending over a few shell guys. ie, Ribs. They saw the train light heading their way in the long tunnel. That God for them they already forged a relationship with synergy. That one in particular is a gut buster to me. Just because you can by a jet, doesn’t mean you can start it up. Punks. When I read that synergy tweet Friday morning, I laughed so hard. Poured in $2k slapping like a drunk’n sailor.
Talk about showing your hand. JW Roth is going to be bent over the buffet table.

Back in the day, Scottrade let us buy Grey sheet shares.
The trick was to match up your buy with a BID order. It had to be exact. One for one. Snd you could get ignored for weeks.

Thanks for the detailed reply. So it isn't the end of the world if we are holding these after 9/28 since they can still emerge from grey hell. That's good to know!

Mid August.
If the shell looks like nothing is going on through the courts, you might want to not be holding shares. DE plays like this are a prime example. But I love the SS here.
Shells in Bankruptcy
Maybe ones with maxed out A/S

Most of synergies I’m willing to hold into the grey sheets if the float is low.
I spoke with Ben. An extra $10-25k is not bad for a good clean shell to clear delisting hell. It’s just an extra cost. No big deal.
But one with a blown multi Billion A/S, unpaid taxes, no T/A, unconverted debt? Toast till the end of time.

I think it will thin the pool of R/M players. Guys like Ben will rise to the top.
Good Shells will become even more valuable like IHAI types.

Delaware and Texas shells got me nervous.

And always remember this. A shell can not convert old toxic debt notes while under delinquency.
If a shell knee jerks to get off the greys, it opens up those one notes to legally be converted..by law. Those note holders can sue. Adds a long legal court drama.
It’s why is a good thing to have a shell today with the stop sign till the R/M goes through. Allow the New Co to bring it current.
Best to go back and read those old 10ks to get a hint of old unconverted debt. Those shells are as good as dead forever. And I mean the ones in the $300k+ and above notes. $10-20k notes can be negotiated with a level head.


Float # x Price is below $500k-$1mm I’ll hold past Aug 28th

This is what I’ve been stewing over.,
I like CERX’s last 8k after they dropped the Form 15. It looks like they washed the Company out with the second R/S. 5mm O/S is nothing. If you read the last 10Q it said “LIFE” owned 57% of the shares. Retail 43%
I’d assume that same 57% owns that portion of the 5mm OS today. Hell they voted for the storm 15 and R/S it’s probably who Ben is dealing with behind the scenes. Who are they? They probably have no clue who to bring one if these back to life and park a New Company story in it. All old Preferrd share warrant expired years ago.
Float must be around 2mm. WOW!

https://www.otcmarkets.com/filing/html?id=9174798&guid=pnXUkaTrf7nAFth

See, I’ll hold this one into the delisting limbo. No more than $2k of my money.,
It she runs hard between now snd Aug 15th, I’ll get some of my cash out. I’m definitely loading on the BID niw, flipping above 60% for free shares. But no volume and a 100% spread with no sign of news potential? I ain’t getting anything.
I’m not slapping with other Synergy plays popp’n every week.

This second guessing is part of the game.
To me it’s way more fun than casinos.,

So when do we start getting worried on these delayed custo plays with the SEC 9/28 day looming?

Synergy update 5/26

https://www.synergymgtgroup.com/updates/update-52621



I reached out to Mark Gentile the Amicus Curiae for the Delaware custodian cases via telephone and email asking him for timeline on his feedback as was under the impression he had thirty days to submit. I will let you know if I find anything out.

So true.
I have my shell weeded out into groups

High Market Caps to Low

Then SS from High to Low.

CERX is one of the best in my opinion.
It’s in the group that I don’t mind getting locked into.
Best SS for being dark


As for my current, Audited to unaudited.
IHAI is the Reigning King of R/M plays. In my opinion. That sucker is ripe. I pray the CEO puts something worthy in it.

Custodianship will take place here and makes this irrelevant. This will be a monster!!!!

Come Sept 28th these become untradeable.
Chancellor needs to get off his dead ass..




On September 28, 2021, new requirements take effect that will impact the market for—and value of—certain “over-the-counter (OTC) securities” you currently hold or have held in the past. The new rules apply to “Pink No Information” OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.



And that means less that No Bid. Means you can’t sell or buy till they become current.,
That’s going to reduce to pool of Shells to be had.
I’m wondering if offshore brokers can buy.

I’ll take a load @ .0001

Update 2/12/21

ALKN Alkane, Inc. now has a hearing is set for April 19, 2021. I am still waiting on the other two Florida companies (BABL Buildablock Corp. & BDCM Broadcast Marketing Group, Inc.) to be filed and hearing to be scheduled.

I had a productive conference call with my California attorney (Bret Anderson) and team regarding the petitions (THDS 3Dshopping.com & AESO Atlantic Energy Solutions, Inc.) which the judge denied my request to be appointed to the board. The plan going forward and suggested by the judge was to have a shareholder meeting ordered by the court and to do elections at the meeting. This seems to be a viable option and the attorney is going to try to get hearings scheduled as soon as possible ordering this.

For Delaware petitions I talked with the Chancellors clerk today and was told the cases (ICRD, AVSR, AVPI, SNRY, IPUB, CERX, FRMB) are on the Chancellor’s desk to review and that he is extremely busy.

On EMDF XL Rent, Inc. we have a term sheet signed. The other party is now asking for some due diligence on the company before proceeding which we have an attorney assisting with.

GVDI Golden Valley Development, Inc. is a little delayed in completing branding for the new business direction, but I was told everything should be completed by next week.

Be ready. Update at anytime.

This one is going to have custodianship news out of nowhere and run to a buck quick.

Ooh ok

From my understanding, no court date, just decision.

A decision on a court date or to give custody of this shell?

No court date. Just waiting on Chancellor Bouchard's decision.

When is court date? When will they know if they get custody?

Anybody see this L2. Wow.

Synergy's conference call with the Chancery Court last Friday puts CERX one step closer to their custodianship. This one is very thin so should have a massive run when questions are answered this week and custodianship is granted.

Agreed. If granted, dollars are coming.

I hope the Court agrees to Mr. Berry's petition. After all, would that not be in the best interests of the shareholders?

Lawyer is petitioning on behalf of Ben Berry and Synergy Management. If granted custodianship, things should move rather quickly.

Improved point of view. Old shareholders taking over a new company makes no sense to me, and I don't get how anyone thought I meant that. New shareholders taking over an old idle company does make sense, and is not uncommon.

New shareholders with a new business model, new products, or eve an existing nicely profitable enterprise is good news to the floaters.

It looks like you may not understand how this works...

The old shareholders holding a controlling interest, often a relative massive controlling interest sell their shares outside the market. It may be possible for the old shareholders to elect the new board prior to the sale, but often it is the new controlling shareholders who elect a new Board of Directors, themselves, and then the new Board of Directors elect the new officers......again themselves. They may make changes later.

So, the old shareholders, the old controlling ones, often the insiders, do make the changes to allow for the new insiders to have control, by selling their shares.

The new controllers, often referred to as the new owners even though they don't own the floating shares, then take the company in the direction they wish.

Note; Not all idle corporations which are publicly traded, have the characteristics suitable for this kind of venture. The may have old liens, IRS problems, lawsuits, and other baggage which makes the company undesirable. Many corporate shells sold have been out of business for several years, or more.

That is why you seen interest in some old shells and the posts on such Boards as this speak of merger, buyout, or other terms suggesting a change in leadership and ownership of a controlling interest.

Enough teaching of this subject!

It's all about market cap and float. Never I mean Never have I seen old shareholders have enough votes to control a board of a new company they are not a part of. Good lord

Perhaps some investors would see the "lawyer present" data and sufficient to make a highly speculative purchase. Perhaps that is why the stock is at an unsustainable higher value. If the a lawyer is present and a merger occurs then perhaps, in a very long shot, the shell becomes very much alive. Some bottom feeders thrive on this environment.

The officers and directors may be long gone, but they still own the stock. And, what does "long gone" mean. Those big shareholders still have the voting power to establish a Board of Directors, and in turn, officers.

This company is in the hands of a lawyer petitioning to do a reverse merger, the past officers are long gone and the company is silent and not in production of anything but air.
Taking a position here will pay off with an outstanding of 5.3 million however it will take 9 months to a year to become fully operational again, and we do not know who the new owners are if any.
If the lawyer is just adding this company to his asset bank it could be years before a buyer is found (worst case) or there may be a buyer in the weeds waiting for sec clearance to purchase..

gamble time

MerthyrQ, why is this stock at 0.2?

One could get bored in a room and stock this quiet. Does anyone know if CERX still exists anywhere but here?

So there was some talk of a reverse merger, even a history of reverse mergers. Why? What possible reason would anyone believe this company's officers would spend any effort whatsoever to understake any sort of reorganization effort?

Further review of the company leads me to believe there are no assets and no current activity in the company. So, after several weeks of gathering data here, my believe there is only thing to see here is nothing in the company.

Furthermore, does anyone not a part of the CERX management team, have any knowledge to suggest there is any value in CERX stock?

What does CERX have to offer anyone for motivation to buy even a single share?

Any reason for random volume? On watch

If you look at CERX you have probably already noticed NEWC, which is an exciting speculative venture. CERX lost its luster long ago.

Has this little moneymaker lost all hope of any future earnings? Is this the bottom or a long goodbye?

Any life here at all? Nope

Reverse split. Nice. That's their fourth one since 2006. Must want to dump shares at a higher price.

Wouldn't touch this with somebody else's money let alone my own.

Sheesh.

To effect a one (1) for eight ( 8 ) reverse stock split (1: 8 ) (the “ Reverse Split ”), whereby, as of the Record Date (as defined below), for every eight shares of Common Stock then owned, each holder of Common Stock shall receive one share of Common Stock http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9113517

RADAR..!

52 week 0.17 - 1.70 with no news.. chart looking good!

$.60 >>> -20% Down -- Volume: 4,900

Today = Volume: 0

the Colombia -United States trade agreement could significantly benefit Colombia Energy Resources, Inc. (CERX)

http://www.ustr.gov/uscolombiatpa