Company Website - http://textmunication.com
NOTICE TO TEXTMUNICATION INVESTORS WHO HAVE SUFFERED LOSSES
Textmunication (OTC: TXHD) lost over 99% of its value between February 2016 and November 2016. The share price on February 18, 2016 traded as high as $0.1309 and on November 15, 2016 traded at $0.0006.
Investors who were enticed to purchase TXHD based on false or misleading information can file an online complaint at the SEC Enforcement Tips and Complaints portal:
Additional information about fraud or wrongdoing involving potential violations of the securities laws can be found on the SEC website:
Securities and Commodities Fraud
The continuing integration of global capital markets has created unprecedented opportunities for U.S. businesses to access capital and investors to diversify their portfolios. Whether through individual brokerage accounts, college savings plans, or retirement accounts, more and more Americans are choosing to invest in the U.S. securities and commodities markets. This growth has led to a corresponding rise in the amount of fraud and misconduct seen in these markets. The creation of complex investment vehicles and the tremendous increase in the amount of money being invested have created greater opportunities for individuals and businesses to perpetrate fraudulent investment schemes.
Market manipulation: These “pump and dump” schemes are based on the manipulation of lower-volume stocks on small over-the-counter markets. The basic goal of market manipulation frauds is to artificially inflate the price of the penny stocks so that the conspirators can sell their shares at a large profit. The “pump” involves recruiting unwitting investors through false or deceptive sales practices, public information, or corporate filings. Many of these schemes use boiler room methods where brokers—who are bribed by the conspirators—use high pressure sale tactics to increase the number of investors and, as a result, raise the price of the stock. Once the target price is achieved, the perpetrators “dump” their shares at a huge profit and leave innocent investors to foot the bill.
If you would like to report financial fraud, please contact the FBI at 202.324.3000 or online at https://tips.fbi.gov. You may also wish to contact the United States Attorney's Office where you are located or where the fraud was committed. Visit the Offices of the United States Attorneys for a list of the 93 United States Attorney's Offices and links to their websites. In addition, certain government agencies target particular types of financial fraud.
+++ Tweet from TXHD management on 11/07/2016 concerning toxic debt:
"...Textmunication Holdings, Inc. previously took out several loans from various lenders that were memorialized with Convertible Promissory Notes that have since come due (see TXHD filings & disclosures). Unfortunately several of the lenders have decided to convert their debt into shares and unfortunately are selling their stock without any regard for the impact it is having on the TXHD stock price or the investors. This sale of stock is what has caused the rapid decline in the TXHD share price over the past few weeks. TXHD is not promoting the stock and none of the officers or control people of the Company have sold any shares during this time period.
The Good news is that by the first quarter of 2017 Textmunication will be free of all "toxic debt" and therefore will not have constant selling pressure on the stock. Furthermore, the private side of the TXHD is growing exponentially and revenues have substantially increased over the past two years and are projected to increase even further in 2017. The stock will probably look very ugly while these toxic lenders are selling their shares, but you can be certain that myself and the Company as a whole will do what is best for the Company, the stock, and its shareholders. Textmunication will provide updates to shareholders regarding the steps that will be taken to rectify this current situation. ..."
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
NOTICE IS HEREBY GIVEN that the following actions have been approved pursuant to the written consent of the holders of a majority of the voting power of the outstanding capital stock of the Company dated November 14, 2016, in lieu of a special meeting of the shareholders.
| ||1. ||To authorize the board of directors of the Company to amend its Articles of Incorporation to increase the number of authorized shares of common stock of the Company, par value $0.0001 per share (the “ Common Stock ”) from 250,000,000 to 4,000,000,000 shares. |
Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the actions described herein will not be implemented until a date at least 20 days after the date on which this Information Statement has been mailed to the shareholders. The Company anticipates that the amendments discussed above will be effected on or about the close of business of December 19, 2016.