Branded Legacy Inc (PK) (BLEG) News

Yep, really looking that way. Just another share selling scam with quite the store front.

He's also gone quiet on X since people pressured him again. Myself included.

All a front to sell those d shares. Once the d's were done Oswald "stepping back" was the tell.
Always learning

I will never touch another penny stock. Smh

He scammed us all!!!  That's what!

No update from the CEO in weeks when he expected to be current 2 weeks ago. No year end shareholder letter, no updates at all. What is going on?

Bleg is an empty shell now.Coffe contract etc was only pump and dump most probably.

They never filed their Q3 financials. Not even a late filing extension. Supposedly they lost OTCIQ access with the "Internal attack"...or so is the excuse.

I've reached out to Dave and he hasn't responded since early december excuses hit X.

Missing the financials altogether. I guess there is some problem uploading due to the access

What is bleg missing from going pk? Attorney letter? Not buying shares just curious

I expect stop sign soon then to EM quickly thereafter

Is this going to the Expert market ?

Their Royal biotek website is up and running since the last time i checked

https://royalbiotek.com/

Crap

As of yesterday, the PPS is “ fill in the blanks”….

As of December 9, there doesn’t appear to be a change in the share structure.

If they could do buybacks they wouldn't be raising the AS.  So buyback is off the table.  They need cash for whatever reason.

Most likely people buying at what seems to be the bottom for a quick flip once it goes current

So what's with the higher volume? Buybacks happening?

Still holding on... but I'll believe it when I see it.

I think we're going to be fine here

https://x.com/Dave_Oswald_CEO/status/1867601109306503620

BLEG $$$

Couldn’t agree with you more.

I'm still hanging in as well. But the situation we are in is very frustrating.

Thought with the early positive volume we’d be moving up, but obviously not. Still not giving up on Dave & the Company. Hanging in.

So what happened yesterday? Was that just more f*ckery from BLEG?

13.8 million share dump. A lot of shares traded today.

Wow.  Someone definitely does know something 

Hopefully whatever is going on is and will be extremely positive. Hopefully we find out what’s going on before the end of the year if that’s realistic. Can’t wait to drop that 1st zero and head towards that second zero. Trying to stay positive despite the sickening PPS.

Something going on?

At least someone just slapped 32 million shares and wiped out the 5s. Would be nice if someone knew something

https://ih.advfn.com/stock-market/USOTC/branded-legacy-pk-BLEG/trades

Still no OTC update, not a peep from Dave since his tirade on X and now he's gone silent of X again since everyone started holding his feet to the fire.

Yet another Robert Clark SCAM?

Still no filings on OTC. Thought this was supposed to be a priority along with that PR he sent.

It is funny.....pick a company on the big boards, and many have 200 PE. Pick a company in the otc -2000 PE. 

which I am doing cautiously as a lotto

Thats all that BLEG is now, a lotto play. Dave has proven himself time and time again of his inability to create value for his shareholders. The only ones making money were the insiders.

BLEG is added to the very long list on OTC companies that fell short of their goals. If that was even the plan, who knows, maybe this was the plan all along, and at our expense.

Would be nice to see the OTC situation cleared up before Xmas.

Is the MC not $393K? https://www.otcmarkets.com/stock/BLEG/security

Despite all the screw ups Dave has inflicted and allegedly endured, I also believe BLEG can still pan out, esp buying now at low to mid trips, which I am doing cautiously as a lotto. Of course Dave must get BLEG current and continue to cement lasting deals for this to work out. I believe he will, but that's just a hunch

Sunday Newsletter 12/8/24 -BLEG -

Today's newsletter is about a new dawn for BLEG.

Now, I realize many have a very different sentiment about what has transpired to a very negative mindset and the total collapse what would have been a great company going forward has now totally put a rotten blemish on this company and the CEO.

When I made the target of .01 at various times during my tenure here, I truly felt that it was a target well within reason and doable without much resistance.

Everything was in place. The company had a very attractive share structure and still has that today. The company had its financial backers and a superb vertical integrated business model. The collaboration of the existing companies to go into one umbrella was on the surface a very smart move, A shareholder base that was loyal and allowed the business model to begin attributing towards a revenue generating corporate enterprise. They established promising contracts with the latest announcement of a huge company that within their financial was a 70m$ company a real bonus and mentioned that we could be in line for a 10m$ contract going into 2025.

What in the hell went wrong?

Aside of the recent downfall of the Marijuana failed initiative this past Nov. 5th the company although isn't an outright Pot Shop but a sun offshoot within the Hemp culture, so I doubt this was the problem. The disfranchised financial backers that started to throw in the towel was the start of a very serious problem. Although, when the conversion started to hit it wasn't a dilutive factor since the company generally was already maxed out, but the ongoing selling of the conversion worked its way into negatively of a continued downdraft of the share price to where we are today.

This fault is on the shoulders of the CEO. He obviously was unable to maintain loyalty within these holders for whatever reason, but more importantly the CEO couldn't find himself to explain this properly to his most loyal holders the shareholders.

I know VC and they are a finnicky group of financial folks and generally have timelines on their return of investment capital, but there are ways to come to certain agreements and that too is the CEOs' lack of work through. Now they may have thought the company was on a losing course, we may never know.

Then he announced a month later that some hackers seeded into the structure of the company and offset his agenda. That may be true, but it is a BS announcement not mentioning that it took so long to come to grips to tell us.

Not have a timely filing is as well a no-nonsense excuse and this is also his fault.

So now that brings us to where we are today and it's a NEW DAWN.

The CEOs' action brought us to the bottom at a MC of 650K$. Folks, I may not be able for you or some of you folks to stay, but I think if you look at this company as a brand-new entity, we will be able to retrieve if not all of your invested dollars, but at least some will be able to get back.

The company has to make good about their financials and become current. They will not be able to increase their A/S till they become current. So, everything is now as a brand-new penny unpredictable piece of junk. The company is now worth net 650K$ the price of a cheap shell. Yes, he did come out with an announcement of some Bio enterprise, we will see. But try to look at in a way as your first encounter with this company and the CEO.

I taught a trading classroom on another forum 'in the penny arcade back in 2000' and have written many articles on the pitfalls of trading in this venue. Below is 3 that I have written and absolutely applies to this now very disappointing company. Put aside the past and like all penny stocks they generally all have their rise, and I believe this company will give us one last run. It is a bargain if you care to play and trade it and not treat is as an investment.

Below are the 3 articles I wrote back in 2000 and if you follow these guidelines, you will be able to maximize your return. All penny stocks are destined to fail, but money can still be made with the right approach.

The 3 Ps of Investing and the Strategy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173426894

3 DAY RUN-UP TRADING
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173426908

MANIPULATION BY MARKET MARKERS?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173426908

Well, we are moving into the Holidays, and I wish all a very Merry Christmas and a Healthy New Year.

See you all on the trading in 2025

Have a good day
varok

The story was looking good …
Well… chart is showing solid bounces…

I’ll wait and hold till*

I am stuck in this stock with so many others. I have learned NOT to TRUST the CEO.

That prick is saying multi millions contracts latently and here, is speaking of an A/S increase ?! Wtf…. That Dave is just a lying POS .
…
Dammit
Trapped

Waiting for OTC to let CEO's upload financials is a pain. I have two other stocks that have run into the same thing.
Wonder what's up with the OTC portal 🤔

You were 100 percent correct. I am stuck for now and hopefully next pump from lier DAVE and I can sell my position and get out asap.

I don't know how anyone thought it would be different.

Dave Oswald was talking out of both sides of his mouth since day one. I posted on here six months ago, if not longer, saying the A/S would inevitably be raised. Naturally, that was "basher" talk.

Now, Dave continues his misdirection by pinning his greedy foibles on the guys from The Alcannabist. Meanwhile, back in reality, Dave has delivered exactly nothing except 100's of millions in dilutive shares.

I said something to this effect many months ago; at worst, Dave is wholly disingenuous and self serving. At best, he's a terrible businessman who is in way over is head.

I thought this company would be different but as you say probably close to 98% plus turn out to be either scams or they don’t have what it takes to survive. Personally, I don’t think Dave was out to screw us. Could have, should have, but didn’t sell, so here I sit.

Look at where I'm posting, man. It's the same situation as IGPK which you have experienced. Today, they updated the annual list on November SOS, and we are waiting on OTCIQ access.

This was my biggest looser of the year. I've been in some sketchy ones and made money but this one had us all fooled.

even when they do have a decent biz idea they just run it as a scam. bleg littered with old kgkg insiders was the red flag I ignored.

Every single time I see posts of .01 it almost always never happens. Just adding this one to the list of Delusions of Grandeur stocks

So much for some of us thinking awhile back this gem was eventually heading towards 01. Will we ever get a bounce back for those of us that still have some shares?

Excellent read! 5*s

..And like I said from the beginning, Do not trust these OTC CEOs. Everyone had Dave on such a high pedestal it was amusing at times.

Never "Invest" in penny stocks, 99% of them are scams/garbage/or soon to be failed companies.