Crednology Holding Corp (fka COHO)

[sam1933]

Crednology Holding Corp, a Delaware corporation, is a public holding company that has been dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions.

The Company is engaged in the cloud computing segment of the technology sector as well as the Electronic Waste and Recycling business. The main products and services include cloud computing and virtual environment, disaster recovery and business continuity and managed services to corporate accounts as well as the recycling and disposal of E-Waste and other materials.

We are planning to grow our recycling business by future investments in paper and cardboard recycling

Mr. Rechtman sold California Recycles Inc – an E-waste recycling company in 2022.

[getmoreshares]

Washington DC!!! KING of money laundering!!!!!!!!! LOL

[bri123]

I think Nevada gets that award. But Nevada, Wyoming, and Delaware are the most business friendly states, and in both Delaware and Nevada, you can incorporate and receive tax benefits without actually living or operating your business in that state. In Wyoming, most tax and other benefits are for businesses operating within the state, so you would be better off launching a remote business in Delaware or Nevada instead.

[Don]

Isn’t Wyoming the State with such loose corporate registration rules that it’s a happy place for money laundering?

[Doubledown75]

It’s a dead money reverse split I’ll take it lol
I’ll have 80k, ask price to open it @ $20 a share…thanks:)

[getmoreshares]

agree- anything is better than nothing-- FYI its 1:120

[Doubledown75]

It could be 100:1 but I don’t care….just means we get something back is how I look at it.

[getmoreshares]

believe the PR said 30 days

[Doubledown75]

Thanks for reply
At least we get something

[bri123]

They need final SEC approval first. It may be another month or so if there are no problems.

[Doubledown75]

Has anybody shares changed in their broker than just a number yet?

[sam1933]

Mr. Rechtman sold California Recycles Inc – an E-waste recycling company in 2022.

[sam1933]

$COHO - 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC represents the combined operations of Riteman, Inc. and Landmark PMG LLC in their sale to Crednology Holding Corp. Riteman, Inc. and Landmark PMG LLC offer IT consulting services including disaster recovery and cloud computing services.
and,
Nov 14, 2016) - Crednology Holding Corp. (OTC PINK: COHO)("Crednology"), is pleased to announce the acquisition of an Electronic (E-Waste) and recycling Company

Crednology announces the acquisition of California Recycles Inc. This is the first acquisition by the new management team of Crednology led by Mr. Orie Rechtman. The purchase price is $250,000 and will be paid in common shares of the Company and a note with payments due over a five year period.

[sam1933]

Under the terms of the Agreement, the Company will issue to 4 Cloud Service Tech AG a newly designated series of Preferred stock in exchange for all of the outstanding shares of common stock for each of the two subsidiaries. At Closing, all officers and directors of the Company will resign to be replaced by newly appointed officers and directors. Closing for the transaction is anticipated to occur within 30 days upon completion of the due diligence period. Crednology Holding Corp. (OTCPK:COHO) completed the acquisition of 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC from 4Service Cloud Tech AG (ENXTPA:MLOVE) on October 14, 2016. Crednology shall issue one class C preference share as purchase consideration. Crednology will retain its current symbol COHO. The current Board of Directors of Crednology will resign and a new Board shall be appointed. Orie Rechtman, current Chief Executive Oficer of 4Service will serve as the CEO and Secretary of Crednology and further board members will be appointed shortly.

[sam1933]

Crednology Holding Corp. (OTCPK:COHO) entered into a letter of intent to acquire 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC from 4Service Cloud Tech AG (ENXTPA:MLOVE) on July 25, 2016

[getmoreshares]

they have been worthless for a couple years- any value is an improvement

[bri123]

Yep, but the SEC calculates based on AS when a company first goes public, along with recommendation from the IPO underwriters, but because Orie is using us as underwriters, we wont have a say in what the SEC determines to be a fair market price, since he holds more than 50% of the common stock.

Since the shares we own had a value, the SEC will take that into account, but they aren't worth much.

[getmoreshares]

Number of Shares of Common Stock Outstanding 109,500,000 shares

25,000,000 issued to CorpTech Holding Inc.

[bri123]

Yep. Even if the valuation audit came to $15,000,000, the share price at open would only be $0.03 (based on 500M AS).

So, Orie screws us again. But, at least It wont be zero like it is now. For me to break even it would need to hit $0.036

[Don]

Such a paltry revenue and an outrageous income percentage for a nine month period. Shares can’t be worth much if they do ever exist.
At 1 for 120, shares would need be $0.048 to keep holers even with the price when COHO failed.

[bri123]

Please ask him for us-
Has a third party auditor done a valuation of Palisades Venture Inc., and if so, what was the valuation they came up with?

[bri123]

Another look at the S-1 shows Palisades has an AS of 500M shares. I don't see a full valuation of the company (which is what the SEC would base its share price calculation on), but I see a revenue declaration of $101,954 for the Nine months ended September 30, 2023 (gross profit $70,174 for that period).

If we had a recent valuation we could figure out the share price at open on the first day.

[bri123]

Interesting tidbits from the S-1 --
(This is all speculation on my part) It appears the S-1 was written so as to maintain OTC:Pink status, but it is written in a way I have not seen before.

Numerous times the S-1 mentions NASDAQ. I think it is odd that it was written this way, as there is no reason to do so. I am wondering if Orie wants to try to get on NASDAQ, which would require a minimum share price of $4.00 and an independent board of directors. For example-

"We expect to be a “controlled company” within the meaning of NASDAQ rules and, as a result, will qualify for exemptions from certain corporate governance requirements. As a result, you do not have the same protections afforded to stockholders of companies that are not exempt from such corporate governance requirements."

"Upon completion of this Offering, our Management will continue to collectively hold more than 75% of the voting power for the election of directors of our company. As a result, we expect to be a controlled company within the meaning of NASDAQ corporate governance standards. Under NASDAQ rules, a company of which more than 50% of the voting power is held by an individual, company or group of persons acting together is a controlled company and will not to comply with certain NASDAQ corporate governance requirements, including the requirements that:

· a majority of the Board consist of independent directors under NASDAQ rules; "

" These requirements will not apply to us as long as we remain quoted on the Pink OTC Markets and as a controlled company. Accordingly, you may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance requirements of NASDAQ"

"The Securities and Exchange Commission also has rules that regulate broker/dealer practices in connection with transactions in “penny stocks”. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in that security is provided by the exchange or system)."

[bri123]

I could only speculate on that, and although the S-1 claims a value of $0.001 per share (par value), I would expect $0.01 or so if it goes live considering the small OS. Of course it depends on what company news they put out when it goes live, and what AS value they declare. If they say- here is what we are going to do, and here is the money we are making (or going to make), then maybe we can see a quick rise in share price.

But they would need to get the word out fast that they are trade-able. If they don't put out news, and Orie quickly starts diluting, then the price will drop fast.

We (the existing shareholders) will hold about 25% of all outstanding shares. Orie owns 75%

[NYD]

I think you need to consult your crystal ball lady

[NYD]

Agree, 120 to 1 may not sound great, but it's better than where we we were at (holding a bunch of worthless shares). At this point, I'm not interested in the past & why we are at where we are. I'm just glad to see we may be able to recoup some of our losses & possibly more. Anyways, it will be interesting to see where the share price will be at. I suppose there will be some sort of stipulation that we can't sell our shares for 6 months - 1 year.

[NYD]

TY!

[topdog52]

Any thoughts on what the share price will open up at?

[bri123]

A 1 for 120 distribution may not sound "beneficial" at first, but this is the one time a RS would be, since the restructuring is happening before the shares are even publicly traded. And (assuming the SEC approves and we go live again) we could not trade our shares at all, so at least we have a chance of making money or at least getting our money back.

We would have a 109,500,000 share OS, which is pretty low for an OTC stock.

[bri123]

It's in the S-1.

[getmoreshares]

S-1 link https://www.sec.gov/Archives/edgar/data/2010982/000168316824000754/0001683168-24-000754-index.htm

[getmoreshares]

All of the shares of Palisades Venture, Inc. (the “Company" or “Palisades”) offered hereby are being offered by CorpTech Holding, Inc. CorpTech Holding, Inc., the selling shareholder, owns 25,000,000 shares of the common stock of Palisades Venture, Inc., a Wyoming Corporation. CorpTech Holding, Inc. will distribute to its shareholders approximately 25,000,000 shares of its Palisades common stock (see “The Distribution”). The distribution will be made to holders of record of CorpTech Holding, Inc. common stock as of the close of business on February 7, 2024, on the basis of one share of Palisades’ common stock for each one hundred and twenty (120) shares of CorpTech Holding, Inc. common stock held. The 25,000,000 shares of the common stock distributed to CorpTech Holding, Inc. shareholders will represent approximately 25% of all the issued and outstanding shares of the common stock of the Company. CorpTech Holding, Inc. acquired 25,000,000 shares of the common stock of Palisades on July 27, 2021, as part of that certain Asset Purchase Agreement by and between the Company and CorpTech Holding, Inc.; wherein, the Company acquired all the assets and rights to the Landmark PMG LLC, (d/b/a 4Service Cloud Tech) business for 25,000,000 shares of common stock and a $300,000 promissory note (Exhibit 10.1).
https://www.sec.gov/Archives/edgar/data/2010982/000168316824000754/palisades_s1.htm

[NYD]

Morg,
per your post, no decision has made available to shareholders as to the conversion rate. So, where are folks getting this 120 to 1 conversion from?

[bri123]

It looks like we get 1 share of Palisades stock for every 120 shares we hold now. The OS of Palisades is 109,500,000 shares at the moment.
From the S-1 -- "The distribution will be made to holders of record of CorpTech Holdings, Inc., as of the close of business on February 7, 2024, on the basis of one share of Palisades Venture, Inc. common stock for 120 of CorpTech Holdings, Inc., common stock held"

[sam1933]

here is shirt from orie. he made this shirt in exchange for our donations. Lol... By the way, have you received a commission for collecting e-waste in the city of Eagle Rock? or he lied to you about this too? yeh BUD, shit happens-he sold California Recycles in 2022 to Tangiers...

[sam1933]

The only person who can benefit from these filings is the one who ripped off his own shareholders. He managed to dump 3b illegal COHO shares before Sec cut it off.
Now he went even further w/1for120 revers split, 69% of the voting rights, and reducktion of shareholders stack from 4 divson to one single entity, with $2,702 net income for the Nine months Ended September 30, 2023...LOL
Since 2013, this is his fifth attempt to sell and buy back the same company and betwin each attemt reducing shareholders stack from 9 million euro to nothingness(at this poin).

Overall, try not to overthink it. If you like what he's doing and it feels good, just relax and enjoy it.

[topdog52]

I SEE GOOD THINGS DOWN THE ROAD!!

[topdog52]

I have 36 1/2 MILLION SHARES OF THIS STOCK!!! Lets get the show on the road.

[ccret]

It's crazy thinking this might come back, hopefully something good really happens, rode it this long why not, I got 20 million shares still so what's the dividends on that?

[ccret]

I agree! NYD .

[NYD]

Sam, I don't understand the purpose of bringing up "old news". Hey, we all don't like what Orie did to shareholders in the past. But, obviously he's trying to make things "better". Heck, what choice did folks have up to now? Your COHO shares have been worth nothing since COHO went under. Now, it appears you will receive something, that is, if you still own COHO shares. I get the feeling you no longer do. As far as things going forward, why would Orie spend all this money on audited reports & do all this work if something bigger wasn't coming in the future? I mean, who spends that kind of money & time in the OTC. Anyways, I guess we will see the conversion rates soon enough. GLTA!

[morg38off]

Sam, all we can do is hold as you know...well you didn't think he would ever do the filing and he did and now he says " Once the SEC approves the registration I will be able to provide the distribution ratio but I can confirm it will be beneficial." So he proved you wrong once now, let's hope he does it twice. :)) GLTA

[getmoreshares]

we should know soon

[bri123]

Yes. I only hold 7,666,666 shares of it, but at least there is a chance of getting the money back, or even making money!

[getmoreshares]

at least it will not be a 100% loss

[freedom 32]

Great news , thanks morg . That Son of bitch my pull this off lol

[bri123]

Getting exciting now! This could really come back to life!

[getmoreshares]

S-1 link https://www.sec.gov/Archives/edgar/data/2010982/000168316824000754/0001683168-24-000754-index.htm

[bri123]

Excellent news. Here's hoping shareholders get a "beneficial distribution ratio" as he said.

[sam1933]

hold on your shares!!! $200 Million in revenues by 2025!!! we are almost there LOL

interview with Orie Rechtman, CEO of Crednology Holding Corp:
POSTED ON MARCH 26, 2019 BY SUPERBCREW
Q: What are your plans for the future?

...The second prong is growth through M&A. We identified several opportunities in the technology field with companies that has synergies and fit our business model. The high level goal we have is to acquire 1-2 companies a year for the next five year in order to be over $200 Million in revenues by 2025. This process will be enhanced once we make the move from the OTC to NASDAQ a move that is predicated on our success in implementing both growth strategies.

THE LINK TO THIS BS: https://www.superbcrew.com/investment-company-crednology-holding-corp-specializes-in-identifying-emerging-organizations-in-the-information-technology-field/

oops! Our net income for the Nine months Ended September 30, 2023 was $2,702