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Company website has been updated
Https://Americanaviationtech.com
And you know it’s going to happen. This could fly to .15 in a day. There is money to be made if patient. I have waited this long no reason to sell at .019 with this float. Any sustained volume with a good storyputs this to .07 quickly then it will depend on the story from there
45 days to close or before
$BANJ Here is the FLSOS page for the merging Company!??
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=AMERICANAVIATIONTECHNOLOGIES%20L180001878590&aggregateId=flal-l18000187859-c7152240-ed4d-4b76-91a2-50d79c96685a&searchTerm=%20%20American%20Aviation%20Technologies%20LLC%20&listNameOrder=AMERICANAVIATIONTECHNOLOGIES%20L180001878590
BreakingBad this is not the correct company.
The correct company is https://Americanaviationtech.com
The CEO is Keith Duffy @ kduffy@americanaviationtech.com
There is already a lot of false information on here and Twitter. People just need to read the 8K and at this point we don’t really know what is behind door number 3. This is the contact and company we need DD on however
It should be closed just waiting for filings and PR's
Very thin and almost impossible right now to buy on bid. I would love .25 we just need a catalyst to become public and this could be the runner of June
The only thing holding this back is a lack of awareness. Action today is odd. CDEL jumped the retail bid of E*TRADE a few minutes ago. The dealis done just a matter of filings to start to hit. I suspect we will see a introductory PR explaining a lot of numbers and such
Also there are only about 4 of us here.
When this does take off this board will be over run haha
I agree. It’s totally obvious but the two main OTC groups that I follow have ignored this one for the most part out of fear of the R/S. The reality is they could run this so hard just on volume and no news. We are in at the floor so anything that happens will be good for us. The spread is a good indicator of the tiny float.
I have not heard back from IR yet. Very silent on all fronts like a big board merger. Makes me think this is very professionally done
Our IR firm for those that missed it. Start hitting them with email and lets see what we can find out. I have sent one tonight and will post what I find out if they can answer what I asked
http://www.stockcomm.com/
CONTACT INFORMATION
Stock Communications Group
1375 Gateway Blvd
Boynton Beach, FL 33426
561-413-9719
561-733-8632
info@stockcomm.com
https://twitter.com/stockcommgroup?lang=en
i could not agree more with this.
Has anyone made contact with Spectrum King. I am trying
Horticulture and the MJ business is hot but I suspect they have a lot of different applications or uses in development as well. Ready for these filings to start to hit soon the Kaboom!!
If you tapped a 10 Million day share volume on this with good filings there is no telling what the HOD might be then solid growth and momentum behind it.
I could not agree more. I think mainstream OTC is really missing the boat on this one but someone is very quietly accumulating the last 3 wk. This could literally be to .10 in a blink of an eye on the next rev's PR or filing that confirms what we already pretty much know
5.07 Increase in Authorized Shares. As soon as reasonably practicable after the Closing, the Members shall cause the Company to take the necessary action to effect a reverse split as determined by the then Board of Directors, but expected to be 1:25.
One more thing. No one is selling now so no one will be selling or surprised by a reverse if executed so there will be no post action sell off. If anything that is when people who dont want to be in before a reverse will be entering into a micro float which is why I say could run it into dollars quick
would love to see a PR cancelling R/S. I wonder where the price would run to if that happened haha
Hey Lone,
What has you convinced the RS is not happening when in the 8K they said they would do it as soon as possible after the close.
Not that the RS split matters because the underlying value does not change out of the gate and it would then become a micro float which could easily run into dollars based on revenues.
I am just wondering why you think this more specifically than what you said.
I have reason to believe this is correct as well if you follow the crumbs laid out on Facebook and Twitter for the company. I would also add Cree Hortuculture isnot going to partner with anyone not working cutting edge LED designs which does not sell. After they want their product designed in and the more Spectrum sells the better off for Cree sales. You also have to have a good wngineering staff for that to happen. People have clearly not read between the lines here on the merger and or reverse that is need to properly capitalize the Spectrum side. I project sales at about 1 million plus a month and growing
would not be surprised to see a filing before the open. The action today was nice and the bid sitters are moving up so someone is probably in the know.
Cree horticulture partnership
classic well done reverse merger totally under the radar
good financial folks with Spectrum in place
Something big is about to go down
This is going to run. I have been waiting since the fall. In hindsight the quiet periods that is on going is great. It feels big board legit. No one pumping and everything going on behind the curtain probably under non disclosure. .20 pre split is possible. I saw this last fall run hard in a manner of minutes. It’s inntheir best interest to get the share price up pre split.
For all you price guys where does say 3 million year to date and a 10 million year put the share price based on pre and post split structure? 10 million in sales is probably very conservative as well for 2018
Anticipated to be but could be lower as well. Not a normal reverse and it will enhance the value when completed not lower it. I expect to see revenues in the 10-15 million range this year possibly up to 20+ million and they have a major partnership with CREE LED Nasdaq as well
Sidney funds operations with a credit line until a point where he may want to use a private placement. Their overhead is very low
I am still here. Pretty much everything i know has been posted. I just have not had time to be on boards with work since the start of the year. Just waiting patiently I think the PR laid out the plans pretty well
Did AXXA have a reverse as well?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 12, 2018
We should be seeing filings Monday morning
one retail seller with 100K shares then onto ..02. Any decent volume and this will pop to .04-05 in a matter of minutes
and the MM short interest has to be covered before the close. This is going to get locked up
https://www.ledinside.com/products/2016/6/cree_expands_led_portfolio_for_horticulture_lighting
Cree's XQ-E Photo Red LED. (Cree/LEDinside)
“Cree LEDs enable us to offer full spectrum LED grow lights that truly mimic natural sunlight,” said Rami Vardi, chief executive officer, Spectrum King LED. “The high performance, high efficiency and high reliability of Cree LEDs allow us to match the intensity of traditional HPS lamps at a lower system cost, longer life and lower power.”
Cree and Horticulture lighting....look it up?
https://spectrumkingled.com/pages/what-sets-us-apart
Why Use CREE LED Chips?
Cree isn’t just another LED manufacturer. In fact they have 2500 patents and 3000 more pending. Cree is at the forefront of the technology with a relentless pursuit of quality through innovation and design to accelerate LED adoption, to push the boundaries of what’s possible with LED lighting, and to bring forth higher-performance LED’s while bringing down the cost of LED solutions. Cree is the only company with the highest performing diode material which is Silicate carbine (synthetically grown crystal). Cree’s mission is to render energy inefficient lighting obsolete and everything they do is with that mission in mind. No other LED company has done as much as Cree to develop the LED lighting market.
No other LED manufacturer is as stringent in their testing or keeps the bar as high as Cree for manufacturers who use their components in their products.
To be allowed to say, “Powered by Cree” your product must have successfully completed Cree’s Thermal, Electrical, Mechanical, Photometric and Optical (TEMPO) testing process, in addition to the special invitation by CREE. We at Spectrum King LED are proud to say that we are one of a small handful of companies globally to have done just that.
I agree and there is a lock up period of 9 months as well for the members. They are not going to dilute themselves
LOCK-UP AGREEMENT
Ladies and Gentlemen:
The undersigned is the owner of membership units (the “Units”) of Spectrum King, LLC, a Delaware limited liability company (“Spectrum”), pursuant to which, among other things, the Units held by undersigned are to be converted into the right to receive shares of the common stock of Banjo & Matilda, Inc. (“Banjo”), effective upon the date (the “Closing Date”) of the exchange in accordance with the terms and conditions of the Exchange Agreement dated as of March 19, 2018, among Spectrum, Banjo and the members of Spectrum.
In order to induce Banjo to complete the transactions that are described in the Exchange Agreement, the undersigned hereby agrees that, during the period beginning on the Closing Date and ending nine (9) months from the Closing Date (the “Lock-Up Period”), the undersigned will not sell, assign, pledge or otherwise transfer any shares of Banjo common stock that the undersigned beneficially owns, consisting of (i) all shares of Banjo common stock issued pursuant to the Exchange Agreement and issuable upon exercise of options and warrants assumed by Banjo pursuant to the Exchange (the “Exchange Shares”), (ii) all shares of Banjo common stock that the undersigned may receive as a stock dividend or other distribution on the Exchange Shares of Banjo common stock, and (iii) all other securities of Banjo that the undersigned may receive in a recapitalization or similar transaction in respect of the Exchange Shares (collectively, the “Lock-up Shares”), and the undersigned agrees not to take any of the preceding actions, without Banjo’s prior written consent. In addition, the undersigned agrees that, during the Lock-Up Period, the undersigned will not engage in (i) any short sale of the Lock-up Shares, (ii) any hedging transaction regarding the Lock-up Shares, or (ii) any grant of a put or call option regarding the Lock-up Shares.
Notwithstanding the foregoing, the undersigned may transfer (i) all or any portion of the Lock-Up Shares as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound by the restrictions set forth herein, and (ii) all or any portion of the Lock-up Shares to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust agrees to be bound by the restrictions set forth herein, and provided further than any such transfer shall not involve a disposition for value
It does not matter either way it will be still worth the same at close
Seems like they would have to reverse to close the merger. Just a hunch that the terms changed or I am not reading the capitalization of the Spectrum ownership correctly. BANj will have to file to do a reverse. They easy I read this the merger will close Friday or Monday. Spectrum could always reverse after but that was not the way it was laid out originally. The reverse would have to come prior. Their is now series B shares so I have to go back to the fall filing and read that again.
Per Ben back in November
Its in the sequence.
The BANJ shares are reversed first, then new shares are issued. The way it is expressed is confusing. A result of an extended negotiation and the way the negotiation was approached. In fact there is no expansion of capital at the current price before the reverse and issue of shares.
I hope this clarifies.
Ben Macpherson
CEO
Banjo & Matilda
Los Angeles | Sydney
As far as I can tell the reverse is not confined in the 8K. Terms may have changed I can’t tell. I did email Ben but the capitalization of Spectrum Incoming I can’t tell yet. I tell you what if there is no reverse look out above
ARCA at .02 now looking for a move. Shares are scarce
read the last two filings and compare the structure proposal and that will tell you if there is any change to what was originally proposed. I will not have time to do that until tonight
yes the capitalization portion is hard to break down easily and I think that is part of the issue. Maybe someone can get a hold of Ben or Rami to explain it further. Reverse or not people really dont get this. If they do a reverse it is because they have to capitalize the Spectrum Side unless they figured out a better way to do this. The last two filings and amendments would have to be compared. If they do it this is not a reverse like others to dick the OTC retail. I actually think it will catapult them to dollars post reverse and merger if they do. 3.3 million shares out on 7 to 20 million in sales. You guys can do the math
I did not see the proposed R/M in the filing. Possibly the series B stock has changed the terms of the merger from 8 months ago.
Looks like this close by 5/12
Does anyone see definitively in the 8K that they are going to execute a reverse to capitalize Spectrum. I see Ben will be locked up for 9 months
Agreement was done 4/12 so close was 30 days. I suspect we will see a bunch of filings this week
3.02 Capitalization .
(a) Banjo’s authorized capitalization consists of 100,000,000 shares of common stock, par value $0.0001 per share, of which 67,175,816 shares are issued, and outstanding, and 100,000,000 shares of preferred stock of which 1,000,000 shares of Series A Preferred Stock are issued and outstanding (the “ Existing Preferred Shares ”), all of which shall be converted on or prior to Closing, and 500 shares of Series B Preferred Stock have been reserved for issuance as the Exchange Shares. All issued and outstanding shares are legally issued, fully paid, and non-assessable and not issued in violation of the preemptive or other rights of any person. Except as contemplated herein, as of the date hereof and the Closing Date, no shares of Banjo’s common stock are or will be reserved for issuance upon the exercise of outstanding options to purchase the common stock; and no shares of common stock are or will be reserved for issuance upon the exercise of outstanding warrants to purchase shares of Banjo common stock. 163,938,545 shares of Banjo’s common stock (the “ Conversion Shares ”) are reserved for issuance for conversion of debt. All outstanding shares of Banjo common stock have been issued and granted in compliance with (i) all applicable securities laws and (in all material respects) other applicable laws and regulations, and (ii) all requirements set forth in any applicable Contracts.
(b) There are no subscriptions, options, warrants, equity securities, partnership interests or similar ownership interests, calls, rights (including preemptive rights), commitments or agreements of any character to which Banjo is a party or by which it is bound obligating Banjo to issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem or otherwise acquire, or cause the repurchase, redemption or acquisition of, any shares of capital stock, partnership interests or similar ownership interests of Banjo or obligating Banjo to grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, equity security, call, right, commitment or agreement. There is no plan or arrangement to issue shares of Banjo common stock, except as set forth in this Agreement.
There are no registration rights, and there is no voting trust, proxy, rights plan, anti-takeover plan or other agreement or understanding to which Banjo is a party or by which it is bound with respect to any equity security of any class of Banjo, and there are no agreements to which Banjo is a party, or which Banjo has knowledge of, which conflict with this Agreement or the transactions contemplated herein or otherwise prohibit the consummation of the transactions contemplated hereunder.