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my guess would be nothing.
No surprise. What next?
EXAD revoked:
https://www.sec.gov/litigation/admin/2017/34-82089.pdf
tell you what, you'd have to be an idiot to buy BDCI. when they r/m to EXAD they left their shareholders with an empty shell. they'll do it again here soon to get into an SEC ticker.
with all the blatant scams out there, i didn't think in a million years i'd get my first SEC suspension with a ticker that had a product on the shelves and a commercial loan on the table. The OTC is dying, imo. I'm done when my final two plays work themselves out.
i agree... i'll give the lawyer a call today or tomorrow, but there isn't much money here for him. he said as much, but said he'd look it over. It's frustrating. they didn't have to do much to keep this from happening.
Yeah, but I'd still take mid trips over no bid/ask. What a pos though.
all these jackasses had to do was stay current with the SEC. that would have been our PR and we would have gotten a 10-bagger here easily. that would have been a 6 digit win for me, now we have nothing... even if EXAD gets reinstated in the future, it's an empty shell... we'll be lucky to see mid trips, best case
Lawyer hasn’t responded since I sent him the data dump. Not sure he’s moving forward with it.
Ammo for the lawyer. wow.
CANNABIS CONSORTIUM TO COMPLETE REVERSE MERGER WITHBAHAMAS DEVELOPMENT CORPORATION
Print
- Trans Global Group Inc. issued 100 million restricted shares of Common stock
- Float is just over 29 million shares
- Company will be audited for Year End financials
Coconut Creek, FL -- November 15, 2017 -- InvestorsHub NewsWire -- Trans Global Group, Inc. (OTCPK: TGGI) subsidiary Cannabis Consortium, Inc. is reverse merging into Bahamas Development Corporation (OTCPK: BDCI).
The Amendment to change the name of the Company from Bahamas Development Corporation. to Cannabis Consortium, Inc. has already been filed with the State of Nevada.
A filing will be made with FINRA with an effective date around November 30, 2017 for a name and ticker change.
TGGI has been issued 100 million shares of Restricted Common stock of BDCI and will be liable for all costs associated with completing the reverse merger.
BDCI encountered an unforeseen issue during its audit that prevented the previous company from completing the audit and filing an S1 Registration. This issue has been fully addressed through the structure of the deal and will not pose a problem for Cannabis Consortium, Inc.
Going forward, financials will be based on the audit of Cannabis Consortium, Inc., not the prior financials of BDCI's operating companies.
The former CEO is returning all of his shares in the company in exchange for the operating subsidiaries and all the debt incurred with their operations.
The Outstanding Share count after the takeover is complete will be 158,687,610 common shares. The Float shall remain the same at 29,021,900 common shares.
Cannabis had previously stated it planned to raise capital at $0.10 per share and higher. BDCI offers Cannabis Consortium, Inc. the best shot at this goal with a clean trading vehicle.
The 3rd Quarter Report for BDCI will be filed within the next 5 days. This will allow time for the proper disclosures to be included, as well as all supporting documents to be filed with OTC Markets, and the State of Nevada.
"I am very happy to have entered into this deal with BDCI for Cannabis Consortium, TGGI and the shareholders of BDCI. Having been involved as consultant for BDCI since the beginning I am very familiar with the entity and know firsthand there will be no issues moving forward. The Company is changing its name and ticker to reflect the change in business direction. Due to the low share structure there will be no Reverse Split of the Common stock" stated Matthew Dwyer, the CEO of BDCI.
Additional news will be forth coming as events unfold. Cannabis Consortium, Inc. choses to use its Twitter account for updates between press releases.
Forward Looking Statement:
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact:
Matt Dwyer
matt@cannabisconsortium.net
954-905-9896
SEC needs to get involved. I’m confident they are.
I was just back through all the news on EXAD.
This is completely backwards. EXAD bought out BDCI which had incite and native outfitters right?
Hell back in August I thought EXAD had the WF money. Makes no sense to me.
So your telling me there's a chance.... :)
This is actually like a double hail Mary while riding on a unicorn running on a rainbow.
IF Dwyer were to pull this shell out of the depths of hell and then re-initiate the deal, it would be ours. BOTH of those are tall orders at this point.
ARE YOU SURE ? MY MEMORIES ARE STILL FRESH.
Just rubbing it in since it was all supposed to be ours. Lol
BAHAMAS DEVELOPMENT CORP. CLOSES ASSET PURCHASE AGREEMENTWITH INCITE BRANDS, LLC
Source: InvestorsHub NewsWire
- The two operations will have combined revenues of over $2.4 million annually
- The Net revenues after economies of scale will be over $500,000 annually.
West Palm Beach, FL -- November 13, 2017 -- InvestorsHub NewsWire -- Bahamas Development Corporation (OTC: BDCI) successfullyclosed on its second Asset Purchase Agreement (APA) of 2017. The Company hasacquiredtwo US based wholesale PerformanceWear apparel companies each servicing different markets with minimal overlap.
Incite Performance Wear ("IPW") is now a wholly owned subsidiary of BDCI. IPW is a full package apparel manufacturing company that specializes and prides themselves in "MADE IN THE USA" products. These products are 100% moisture wicking mesh polyester performance wear combiningUPF 40 Sun Protection embellished utilizing cutting edgeDye Sublimation technology. The Company's Full Package Apparel Manufacturing Services also includes, but are not limited to, Creative Services, Dye Sublimation Printing, Cut and Sew Operations, Custom Packaging/Labeling and Fulfillment. The company manufactures private branded and co-branded apparel for many fishing, marine, diving, agricultural, hospitality business, team sports, special events and military customers reaching over 500 clients throughout the US and Caribbean.
Unlike Under Armor, Reebok, and Nike; Bahamas Development Corporation (OTCQB: BDCI) has incorporated proprietary Anti-Snag and MicroVent Technology into their unique Performance Wear fabric, which not only prevents the garment from developing ugly snags and pulls that renders other garments useless, it provides for enhanced breathability. These features are a giant step above the majors in this space.
BDCI has been able to acquire these two separate Performance Wear apparel companies with combined revenues that should exceed $2.4 million for 2018, with zero toxic funding. The Company acquisitions were closed through the use of traditional bank financing from Wells Fargo and cash to finance the purchases. Wells Fargo extended an additional $100,000 credit line on top of the purchase price for the Native transaction and included an additional $90,000 in working capital to effect the IPW acquisition. With the finalization of these two acquisitions BDCI hopes to continually increase revenue and institute further expansion into the Athleisure wear market across the US and the Caribbean region.
About the Performance Apparel/Athleisure market:
The rise in Athleisure has given apparel sales a significant boost in the last couple of years. In 2014, US consumers spent $323 billion on apparel, footwear and accessories, according to The NPD Group. This was a $2 billion increase from the prior year, and largely thanks to dramatic growth in sales of activewear. Morgan Stanley predicts that, by 2020, activewear will represent $83 billion in sales, "stealing market share from non-athletic apparel." According to Stylus, "The athleisure phenomenon looks set to continue into 2016 and beyond, and is now on course to become one of the fastest-growing global apparel product categories in the second half of this decade."
Bahamas Development Corporation, in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg FD.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.
For additional information about this release please contact:
Investor Relations: 561-247-9202
https://twitter.com/bahamasdevcorp
https://www.facebook.com/Bahamas-Development-Corporation-469640663243771/
http://www.bahamasdevelopmentcorp.com
His newest scam? No more T-Shirts or dry cleaning?
If you guys want to ask Dwyer himself, here is his number associated with his newest business.
Matthew P. Dwyer
(954)905-9893
Time to bombard him with questions.
Yeah, you can't make this stuff up. I wish we could step in and take the shell since he obviously doesn't deserve it.
It's nice to finally see a blatant shell scam shut down.
You need to ask the attorney if those of us who lost money here could step into the proceedings and take the shell. Then we could use it to start a real business.
It's pretty bad when there is a logical out and it's still 1 in a million.
EXAD needs money to complete the filings to satisfy the SEC.
Where can they come up with that money?
I can see it. LOL!
Never take money out your own pocket when you can just dump shares right?
EXAD
Hale Mary status is better than no pulse. I'll take it. It's like seeing a guy using a walker to run the 50 yard dash and betting that he wins the race. Haha
Lefcoe is a con man. The SEC needs to nail him & they most likely will.
The funny thing is the SEC would want to talk to all people signing off on all EXAD Filings from 2016 to 2017.
That includes 2 people. Lefcoe and the new ceo.
Good chance Lefcoe and the newbie ceo are talking right now.
Pretty sure Lefcoe is not smart enough to remember since he received the first SEC letter and ignored it.
LOL!
So u r saying there still a chance.
i wouldn't charge the field just yet. or, move to iowa.
$$$$$!!!!!
So u r saying there still a chance.
Hahha
Can I change my name from buckeye to browns wait maybe Cavs wait maybe crew wait maybe just need to leave ohio to find a new team
Areeee weeee readyyy for a deadcat bounceeee!? HOOOHOOOO!
good luck trying to find a buyer!
I'd say there was a chance if Dwyer had actually responded to the SEC before the original deadline. Now that he didn't, $EXAD is done
There is a chance, but... We can only wait while getting our ducks in a row.
Yes this I know
Thx for the wisdom. I’ll rock Exad till 12/27/17 then I’m out
Stick to reading filings. Twitter updates are for suckers.
Don't let one ruin it for u. These types will make you a better trader for the next one. I've made my losses from EXAD up and then some on other plays...
Man sad to read through the twitter history o Exad. What could have been. Oh well I think I’m done with these penny stocks for awhile. Gotta actually work I guess
Complete fraud by Dwyer & Lefcoe.
Much appreciated an IHUB Grandfather showed up here.
Not good for EXAD. IMO
https://www.sec.gov/alj/aljorders/2017/ap-5217.pdf
ALJ Orders found here and EXAD falls under AP-5217: https://www.sec.gov/alj/aljorders.shtml
So $EXAD still lives because it at least filed, but they weren't audited. I guess it's time to unload for pennies before it's defaulted
Where? I can't seem to find these
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Once the Triangle Reverse Merger is complete, the next step appears to be:
NOTE 9 - SUBSEQUENT EVENTSVolume | |
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