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Video instructions and help with filling out and completing Form 843 Stocks

Instructions and Help about Form 843 Stocks

In this video, I want to run through some OTC filings for some of the OTC stocks that were on my watchlist. I've been reading a lot of filings related to companies that have done recent reverse splits, listed stocks that have been doing reverse splits. That strategy requires understanding fundamental reasons why the company is doing the reverse split. Now that I'm getting a little bit better understanding the filings and finding what kinds of things to look for with regards to financing or just how to read their balance sheet, I decided I should look into OTCs that I would possibly have been trading in the future and just see if there's anything that would keep me away from trading them. So, this first stock I'm going to talk about is M LTC. This one made a big run from 6 cents to like 35 cents a couple of days ago, and then it's pulled back. This is one that I would be looking for it to pull back to a solid 8 and break out again to higher levels. Let's take a look at some of their filings. So, this is OTC Markets.com. This is where I'll go to read filings for OTC stocks. Let's take a look at their 10-Q, which is the record quarterly report. The first thing to know is that they have about a hundred thousand (100,000) shares outstanding. They've got five thousand five hundred dollars ($5,500) in cash. And so, a lot of times these balance sheets will say up here near the top of the balance sheets table that the numbers are in thousands. In this case, it doesn't say that, so this is the actual number. They've got $5,000 in cash. They've got a hundred thousand dollars ($100,000) in current liabilities. And...