Sincerity Applied Materials Holdings Corporation (PK) (SINC) News

They need finra approve first....take awhile

It's possible it goes up 100-300% after RS but it's more likely it goes down more. Even if it did go up, most people would still be heavily underwater. And btw, how long does it take to get a RS approved? it's been a month and nothing has happened.

Did u see MULN and plrz surge after r.s? 100% surge

James deserves to suck a bag of dicks. Horrible ceo and the usual sketchy suspect 

I'm aware of that. But what almost always happens after a RS is heavy selling. So RS brings the SP to $10.00, but it immediately gaps down to let's say $2. That kinda wipes out any current shareholder. The true wipeout, however, comes whenever the company dilutes AFTER the split. I'm still not selling my shares because I think long-term the business could work(and my position is barely worth anything anyway). But only people that get in at the right time after the split will make money.

No wipe out! U still can sell after r.s ! U will have less shares and higher pps....

I have learnt a valuable lesson . Trust no ceo . This man did the very thing he said he was not going to do . Effectively wiping out current shareholders value

That's true and the company is in better shape than most .0001 stocks. It's worth keeping an eye on but more than likely current stockholders will get wiped if RS is approved. 100000-1 RS is crazy

But r.s not approve yet! Even with r.s pps still worth .more than .0001 base on their financial q filing

The upcoming 100000-1 RS is why this is stuck at no bid. Although I will admit the business itself is way better than other .0001 stocks. Just trade after the RS

Stunt me pps .0001 while q have 10600 000 total assets and Revenue 285k and 165k profit for quarter march. Amazing price of sinc and trade in pink too....

i had to research this ratio. According to google

"While a reverse split of 1 to 100,000 is a highly unusual ratio, there is a documented record of a company implementing such a split, according to Blocks and Files. The company was Actifio in 2020. The Blocks and Files report suggests this was prompted by potential IPO plans and led to some employee disquiet, according to Blocks and Files"

here is the link to that company file

https://blocksandfiles.com/2020/10/08/actifio-reverse-stock-split-signals-ipo-planning/

This reverse split is puzzling. in all my life i have never heard of a split with such a ratio of 1 to 100,000. this must be a typo
excerpt below

"Sincerity Applied Materials Holdings Corp. (OTC: SINC), a developer of advanced nanomaterials and next-generation filtration media, announces today that its Board of Directors has approved a 1-for-100,000 reverse stock split. Pending FINRA approval, this action will reduce the number of outstanding shares from approximately 2.32 billion to roughly 23,200, significantly improving the capital structure and preparing the company for a senior exchange uplisting"

i have seen 1 to 5000 but 100,000 is ridiculous. something isn't right there . or maybe i am just inexperience with reverse splits though i have been through a few. but this one is new

has anyone taken a look at the Q1?, i know the RS has over shadowed it

the shorts must have covered today, if not tomorrow.

James Zhang is Chinese CEO! Dammmm all Chinese CEO rich and wealthy but this guy is broke and poor guy! No need go this path whatsoever ....let's hope finra reject him. Good luck guy

For sure not within a month....

how long does finra usually takes to approve an rs ?

wait what happens if there's a RS on a stock that's no bid? and what are the mechanics behind volume at prices below .0001?

Ok

My point if they put in q1 filing....why release this new publicly???

Yes the Q1 was posted same time.

https://www.otcmarkets.com/file/company/financial-report/464763/content

I m not in but I just post some point I see in da past

What filing? The Q1 was posted along with the RS news. All current SH are screwed, both the toxic financers, the Borders clown, and retail. I guess I was wrong about this one. Maybe I come back in a few quarters to play it as a lotto

I stand corrected then cuase i have never seen an rs rejection before . . Did u get out or are u still in ?

Nothing u can do now.....if if they approve u still can sell after but process for finra approval long way to go

I know man.. terrible penny market as whole

I seen finra reject in the past! Why CEO intentionally release this news but not filing?? U know

Hopefully...damn this market is terrible right now.

Has Finra ever rejected an rs before ? .. they are going to approve it . So let's not be delusional. The ceo f#$ked shareholders and that's it

Pending approval.....if rejected or cancel than this turn around

I'm out, took my losses. Good luck to anyone that stays around thru the RS.

Didnt that fucker say 0 RS in 2025? Not that im surprised a ceo lied, but that's a great way to be easily hated in the otc.
No wonder he was against a buy back. Couldn't afford it with all that debt he took on

Pending Finra approval...lets hope they dont get it.The scammer CEOs always
say its in the best interests of the shareholders...its the worst thing.
Seems strange as the 0/s is not overly bloated.

So i am here waiting for a first quarter 2025 financial update . And now I am greeted by a reverse split . Wow . Never trust any ceo

Ronn is a good example. Although this takes the cake imo. He did it quick, that was my point, not the amount but just how quick he did it and now we know why. 

Amazing how they do this after diluting the crap out of the stock. Welcome to the OTC, dillute-RS-Rinse and repeat.

Yikes

Reverse coming. 
https://www.otcmarkets.com/stock/SINC/news/Sincerity-Applied-Materials-Holdings-Corp-OTC-SINC-Announces-1-for-100000-Reverse-Stock-Split-and-Retirement-of-Legacy-C?id=477368

RONN
There are plenty of others but I don't follow them like I used to. SINC dilution is bad but it's not anything unusual for stinky pinky trip 0 stocks

A billion shares in 2 months? Name one. Not that it doesn't exist, but I'm just curious. I'm not new, I've just never been involved in one this bad, which is what I stated in my post. I never said they didn't exist.

you must be new to penny stocks. The dilution here is bad but there's 000 stocks with way worse dilution. also, like someone else said they can still reverse split and dilute further. let's hope that doesn't happen.

You can contact the CEO Yiwen (James) Zhang at 01161421007277. It is an Australia phone number. 

Oh it can and will go lower, when you factor in a RS.
Stay away, far, far, away...

Definitely a shame what the CEO has done to this company. I've never been involved with this much dilution before. In 2 months he added almost a billion shares to the DTC once this new batch hits. Trojan horse CEO. Sorry, but gotta assume RS is next. Good news is it can't get any lower 

Yup another huge increase in UR, this is bad

Damn another dumpaton at .0001s...

Looks like more dilution this morning.

They increased the unrestricted shares by 180M about 5 weeks ago. It was straight dilution becasue they were added to the OS, it wasn't shares moved from Restricted. Shortly after, there was huge selling that wiped out the 2s, and then another 130M shares sold at 1s. The volume in that 1 day was about 180M. The next update showed an increase to DTC of 180M. So the diluted shares were added to the float and I'm assuming they have been sold, mostly at 1s. As long as there is no more raise in UR, I like our chances here but there need to be progress on the business side. 

you might be right but I'll wait until the end of the week before deciding what to do next. there should be an update and/or financials posted by then