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They failed to file periodic accounting reports
This is why they were suspended from trading and then the registration was revoked
They were a fully reporting company up to the end of 2018
Previous to being in the real estate development business they were an oil and gas exploration company called delta oil and gas
CANX has not filed any 8K's since 2019
failing to report in 2020,2021,2022, and was revoked for not filing in 2023
CANX did file 8K's in 2019
Although it, only seems to have filed 2 of them and needed to file 4
CANX is not trading consistently
From what I can see, a few trades were getting through while it was suspended before it was revoked.
CANX: SEC registration revoked:
https://www.sec.gov/litigation/opinions/2023/34-96893.pdf
CANX: SEC Admin. Proceeding for severely delinquent Financials.
https://www.sec.gov/litigation/admin/2022/34-95872.pdf
So what happend to everybody that invested into Delta/Canawake and the funds for Nipton..ACcording to Shearin Delta was the golden egg and going to enable access to more cash and yada yada bullshit lies he told .. what happened to everyones money?
$canx $0.015 ? 0.0 (0.00%)
Volume: 3,000 @03/12/21 2:34:14 PM EST
$canx $0.06 ^ 0.02 (50.00%)
Volume: 84,065 @02/12/21 3:25:44 PM EST
$canx $0.01405 v -0.00395 (-21.94%)
Volume: 5,840 @01/25/21 12:12:04 PM EST
$canx $0.0189 ^ 0.0091 (92.86%)
Volume: 200 @12/31/20 12:35:02 PM EST
Shearin squated to stay in Nipton and is killing that town.
Last i saw him he had some hot 30 year old that was somewhere in between totally psychotic in need of help or hooked on heroin i couldnt quite tell but she didnt look happy to be there 11.2020
Stephen couldnt lead a horse to water even if standing on the river bank.
Avoid being involved with any company involved or promoting stephen shearin. A crook that hangs just below the radar of getting caught..
$canx $0.011 ^ 0.0011 (11.11%)
Volume: 20,000 @12/04/20 3:39:18 PM EST
$canx $0.01245 ^ 0.00645 (107.50%)
Volume: 650 @11/13/20 10:57:58 AM EST
$canx $0.0097 v -0.0028 (-22.40%)
Volume: 250 @11/03/20 10:15:50 AM EST
$canx $0.01 ? 0.0 (0.00%)
Volume: 0 @-
Any idea why ERBB subsidiary CANX CEO Scott Stoegbauer refuses to file financials? Is he holding back any subsidiary info that ERBB shareholders should be made aware of?
Another divy never took place? And looks like Scott Stoegbauer teams with Pete Jacobs in Quiet Tiger..and likely something went quite wrong with Stoegbauer at helm of ERBB subsidiary CANX..Scott refuses to file financials for over 2 yrs...Ahh,the many faces of ERBB over the multiple name changes keep reappearing like a bad penny.
PHOENIX, October 22, 2002 – SunnComm, Inc. (OTC: SUNX) President and Chief Executive Officer Peter H. Jacobs announced today that all eligible SunnComm shareholders will be receiving a new replacement SunnComm stock certificate and a property dividend in the form of Fan Energy, Inc. (OTCBB: FNEY) common stock, the distribution of which is subject to a registration statement being declared effective by the Securities and Exchange Commission (“SEC”). The record date for the property dividend has not been set.
That was two-and-a-half years ago and they haven’t been distributed either. That merger with Fan Energy never went ahead.
In the meantime, Fan Energy changed its name to Quiet Tiger and morphed into the so-called international marketer of digital content security products for the music and entertainment industry.
This re-incarnation of Quiet Tiger then entered into the marketing agreement with SunnComm that was discussed at length above. It also completely wrote off the value of the second hand floppy disk manufacturing equipment, which had been carried in its books for most of the time at $4M. It later changed its name to MediaMax Technology Corporation and it is planned that SunnComm and MediaMax Technology Corporation will merge and go forward as MediaMax Technology Corporation.
So when you hear the name MediaMax Technology Corporation, think of SunnComm International.
It may have a new name, but it's the same company that issued the press release on a $20M deal with Will-Shown Technology, a non-existent company.
It's the same company that issued a press release on a $4M deal with Dstage, Inc that resulted in actually no revenues to SunnComm and a promise of dividends to SunnComm shareholders that were never delivered.
It's the same company that told its shareholders it was going to merge with a floppy disk manufacturer that would product 5% of worldwide demand but never produced a single commercial disk.
It's the same company that said it would develop an experimental CD and DVD manufacturing facility but never did.
It's the same company that promised to distribute 96M shares in Quiet Tiger to its shareholders and then decided to keep the majority for themselves.
It's easy to see why SunnComm isn't a name they're proud of
$canx $0.002 ? 0.0 (0.00%)
Volume: 0 @-
AG "looting town"? Curious, are the teepees, tiny houses, and BurningMan artwork still in tact?
Also, apparently Carl C. moved back...and Mayor Jim still treading water?..Got his preacher credentials yet?
$canx $0.0149 ^ 0.0049 (49.00%)
Volume: 10,516 @08/12/20 3:53:34 PM EDT
American Green drove this company into the ground
$canx $0.0149 v -0.0001 (-0.67%)
Volume: 1,560 @07/24/20 3:07:28 PM EDT
$canx $0.015 ^ 0.0049 (48.51%)
Volume: 4,300 @07/23/20 2:51:46 PM EDT
*****OUTSTANDING -31.95% CANX turd red close today
Everything AG puts their hands on turns to stone
ENOUGH SAID
*****Nope ! CANX is at .0117 no news coming
*****CANX Down 42% today !!! NO $$$ here
Enough Said !
$canx up 41% today with no news
*****CANX no $$$ .0115 ! no news coming
$canx $.10 with news?
Questions and Answers about the Transaction between American Green and Delta International
PHOENIX (March 21, 2018) – Today American Green, Inc. (ERBB:OTC) will be answering the most popular questions received from shareholders regarding the company’s recent Nipton, California transaction to Delta International Oil & Gas, Inc. (DLTZ:OTCQB) that was announced on March 15, 2018.
American Green – Delta International Questions
Below are a series of questions posed by American Green shareholders and other interested parties along with the answers to those questions.
1. Who owns and controls Delta International?
Upon closing, American Green will own over 80% (majority share ownership) of Delta International Oil and Gas. This will mean that American Green will own controlling interest in this fully reporting public company.
2. Will American Green retain any of the potential profit from the Nipton Enterprise?
Because ERBB will control Delta, it will be able to incorporate that same ownership percentage of Delta’s revenues and profits on the books of American Green. In other words, should Delta book $1 million dollars in net income next year, then American Green will show an additional $830,000 of net income on its books.
3. Are ERBB shareholders getting a dividend as a result of this transaction?
American Green is planning to issue qualifying ERBB shareholders a dividend as a result of this sale which will be paid to them in the form of a registered share distribution following a registration of those dividend shares, all subject to filings with the SEC.
4. How many shares will each shareholder receive in each dividend?
The number of dividend shares will be based on the number of ERBB shares held by a shareholder at a to-be-determined record date that will be announced after the the registration becomes effective. Once the plan is devised, details of how the dividend will be calculated, as well as how many ERBB shares a shareholder must own to qualify will be announced.
5. What, exactly was the deal American Green made with Delta International?
As part of the transaction, Delta assumed over $3.7 Million in debt and American Green received $4 Million in preferred shares, convertible to 160 million common shares of Delta. This equates to a price of 2.5¢ per converted Delta Common share. As of March 20, Delta Common shares were trading at 19¢ (bid). American Green may be able to reflect any increased value, over its cost, on its future financial statements.
6. Who will manage The Nipton Project now?
American Green has a contract to manage the Nipton properties for 5 years plus an option to extend that contract for an additional 5 years, for a total of 10 years.
7. Will American Green earn future revenues for its participation in Nipton?
American Green will continue to receive compensation to manage Nipton and is compensated on a “cost plus 20%” basis by Delta, thus assuring that American Green continues to profit and participate from all Nipton enterprises. However, American Green and Delta plan to have American Green manage other projects acquired by Delta.
8. Why did American Green sell Nipton in the first place?
Buying and building towns is very cash intensive. Up until now, the cost of attracting capital has been very expensive for our company, due, in part to the fact that American Green is an unaudited, non-reporting “Pink Sheet” company. It now becomes Delta’s responsibility to raise capital for real estate and other non-cannabis-related improvements. Delta, as a reporting company, with a much smaller number of outstanding shares (compared to American Green’s) and a much higher trading price, should have a much easier time raising money, at less cost, leading to a sizeable reduction in dilution for American Green and its shareholders.
9. What’s left in American Green?
In addition to its ownerships interests in Nipton (via its ownership of over 80% of Delta), American Green retains all of its interests and revenue – both potential and current – in its managed cannabis grow operation in Phoenix, AZ, it’s smart vending division, American GreenCrete, its online cbd store (http://www.americangreencbd.com) and all its other enterprises.
10. When can American Green shareholders expect their dividends?
Prior to their distribution, the anticipated shareholder dividends to American Green shareholders by Delta are subject to all SEC filings and regulations. Work on future filings has already begun. As soon as a dividend plan is is made effective, both Delta and American Green will issue a news release detailing how and when the distribution will take place.
*****CANX was on the OTCQB now it has a stop sign label since American Green took IT over
https://www.otcmarkets.com/stock/CANX/overview
ENOUGH SAID !
Whoops! There is no proof to prove that_"CANX_scam"_"claim"!
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