Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$LEIC - Anything new happening behind the scenes? Pretty quiet around here.
Thanks for the update. Will be interesting to see what impact this deal has on share prices.
$LEIC: CHange-of-Control done at $0.20/sh to Guangxi Qindi Liquor Co
https://www.otcmarkets.com/otcapi/company/financial-report/321326/content
Get some BAIJU !!!!!!!!!!
GO $LEIC
$LEIC - NICE! Nice to see this one wake up again.
Wow what a finding. Will pick some up soon.
I did
$LEIC hits at 1.60, company has over $2 billion in assets. Now they issued the restricted shares I think they will move those assts in very soon
— Adijas (@AdijasStocks) January 4, 2022
$LEIC - OK, who woke $LEIC up from its long slumber???
$LEIC - The new people involved must have plans for $LEIC, or they wouldn't have took over. jmo
I hear you on that, crazy nothing from the company since they took over but they keep up on filings so I guess just have to wait and see
$LEIC - yes, did see they have a website. Would be nice to get some kind of update or news to verify that something is actually happening with this company.
http://leadinnovgroup.com/about.html
Has anyone seen this?
$LEIC - Shocking! This one is actually Pink Current.
https://www.otcmarkets.com/stock/LEIC/security
LEIC - Wonder if they will get their Canadian filings up to date too?
She's alive! Breakout?
Specifics on assets injection into new entity
Interesting... August 31, 2020, the Company had net revenues of $226,169 and assets other than cash and cash
equivalents represented a significant portion of the total assets of the Company.
Since the acquisition of Lil Macua, the Company has continued to develop and expand its business
plan. Pursuant to an Investment, Cooperation and Partnering Agreement dated May 18, 2020, the
issuer issued 50,000,000 common shares on June 9, 2020 to Kam Iat Fu International Company
Limited at $.2975 per common share resulting in a change of control. Pursuant to the Agreement
Kam Iat agreed to inject business assets into the issuer within the next twenty-four months.
As a result, the Company has not been a shell company since March 29, 2019 as it has continued
to have significant operations and develop and expand its business.
Lead Innovation Corporation
/s/ Chun Hong Cheng Cheng CEO
Dated: October 20, 2020
Are the filings just to remain current?
Lots of filings hitting last two days
Once merger happens, don’t be surprised to see 14.00 a share. The SS is beautiful.
Regardless, when they do find someone to take control, I'll be most interested to see how they handle the $900K + debt and the either worthless or non-existent asset that remain on the books.
Don’t be surprised if this hit 10.00-14.00 a share if the merger is good.
Don’t know but Chinese names are always backwards haha
So you're thinking that Kam Iat Fu International Company Limited is the same company as FU KAM INTERNATIONAL(HONGKONG)CO.,LTD?
You may be right... but to me, those are two different companies with similar names. Time will most certainly tell.
They will get a new control person, that's certain. Looks like this company at least exists online so that's a good sign if it is them.
It is in the filing
Interesting but.. how do you know this? I don't see any disclosure filings or press releases?
Here is the company that will be merging http://www.fujingsz.com/
worthless shell can show some worth
with one click, eh?
quite a spread
.185 x .98
situational pump & dump
It would take a group of dimwits to come
in here and try and move the needle.
totally bullshit
Suffice it to say that this change of ownership is not based upon $14 million in cash. Given one can purchase control of a pink sheet stock without $1000000 of debt for just a few hundred thousand.
Probably more scamming about to begin. No evidence of Kam Iat Fu International Company Limited anywhere on Google or Baidu.
My assumption is that the previous holder, after realizing how badly he got screwed by Basilio Chen couldn't find anyone who wanted this worthless shell until this deal was cooked up. Time will tell how this plays out but one would be advised to watch from afar as nothing good will come of it.
adjustment from previous post
I meant to say 18 months not 12 months as listed in previous post.
On December 8, 2019, the Company issued 50 Series C Preferred Shares to Chun Hong Cheng Cheng for services valued at $40,000. Each Series C preferred share is convertible after 18 months from issuance into 2,000 common shares.
Pursuant to an Investment, Cooperation and Partnering Agreement dated May 18, 2020, the Company issued 50,000,000 common shares to Kam Iat Fu International Company Limited at $.2975 per common share resulting in a change of control.
P.S. Q2 reports posted yesterday, 15Jul20
https://www.otcmarkets.com/stock/LEIC/disclosure
Good Morning,
In my mind, its inline with the Lil Macau stock hold by principals transfer/purchase about 12 months back. I'm thinking "good merger".
What are your thoughts.
On March 29, 2019, pursuant to the letter of agreement, Lead Innovation Limited, a Macau company (Lil Macau") shareholders sold all of their shares in Lil Macau representing 100% of total issued and outstanding shares of Lil Macau in exchange for 500 series A preferred shares of the Company. Lil Macau develops lifestyle products and projects of innovative, creative nature that fosters a modern lifestyle of quality and leisure. Since inception in 2016, Lil Macau has developed certain projects in the People's Republic of China through its wholly owned subsidiary Zhuhai City Unicorn Hotel Management Co., Ltd. (WFOE), a PRC company. Additionally, Lil Macau recently entered into business in the food and beverage distribution industry in Macau which business extends to other countries in Asia. Lil Macau, through its WFOE subsidiary, also owns business and certain high-end properties in the Zhongshan City of Guangdong Province in the People's Republic of China. Chun Hong Cheng Cheng, majority shareholder, an officer and a director of the Company is also the majority shareholder, sole officer and director of Lil Macau. The Company, through HTIC Environmental Inc., a wholly owned subsidiary, controls the patented technology that allows tires to be recycled through pyrolysis. Upon funding, the Company will sell the resultant pyrolysis oil, syngas, carbon black, and steel to petroleum product manufacturers and rubber blenders.
Change of control in filings that were just released. Everyone knows next what happens- merger.
The point here is that the assets are questionable at best and non-existent at worst.. but the debt is real and never going away unless either paid or waived by someone from the past.
Since it's becoming more obvious that the current control person isn't going to do anything with it.. the value of it going forward to a new control person is materially affected by the existence of that debt.
This is what happens when a low life con man like Basilio Chen talks an innocent Chinese businessman into investing a shell he has no business getting involved in. Basilio made his profit off the deal and couldn't give a flying fu*k about the aftermarket.
PT Barnum was right.. there's a sucker born every minute.
Good point and question. The technology/equipment was proven to work. The plan to start a plant fell apart when Harvey's partner in the tire recycle business passed away. From what I remember there were two systems which had been built. One was in Harvey's home area and the other was at his former partner's site. Not sure where they are now.
The answer to your question is simple. If Chun Hong Cheng Cheng, the 68% shareholder wants to resell this shell to someone else, he needs to keep it current or the value of it will decrease significantly.
As I said previously, he got into this vehicle "guided" by Basilio Chen, a known stock manipulator and con man. I'm sure Basilio made him lots of promises he never intended to keep about raising funds and awesome stock performance. In addition to the hundreds of thousands he paid to get control of this stock, Chun Hong Cheng Cheng also invested another $83,000 to keep it going.
I'm also sure Basilio has abandoned him by now.. so left adrift, on his own he needs to figure out how to make this work for him or find a buyer to try to recoop some of his investment.
If you look at SRBT, you will see the same thing. This was another one Basilio put together.
Here's a question I have about this company. There is an asset for some equipment of $938,061 and an offsetting loan for that amount plus accrued interest since 2016. It had to do with the previous company's plan to build a plant, which was never built so the equipment is laying around somewhere. I wonder if Chun Hong Cheng Cheng even knows where it is and why he would buy controlling interest in a shell with an asset on the books of questionable if any value and a dept of close to $1,000,000? What kind of lie did Basilio tell him to get him to overlook that elephans in the room?
Thanks for the info. Which begs to question why the owner would continue to file if he has no plans for the company?
It cost 2K go do a 10-Q
Filing fees can be a few hundred dollars. The point is; why throw the money away if you do not intend to do anything with the stock or company.
Hahaha ....filings aren’t cheap either
And yet, the company continues to keep their filings up to date. Maybe they just like to spend their money staying current for no reason.
The annual report is due at the end of February. I'll be interested to see how much more the company lost... how much less cash and more debt it has as well plus the absolute absence of any progress since the lasts filing.
There is no evidence whatsoever of life for this company right now. No PR.. no press releases...
No surprise given that Basilio Chen, the former puppet master, has abandoned it and neither Chun Hong Cheng Chen nor any of the other Chinese nationals involved with this company have any experience with or any idea about how to run or promote a US public company I imagine they're looking for a way out too.
Nothing to see here folks...
Hmmm.. what the heck did I do with that body bag anyway....
Good Morning KS,
IMHO, following my additional DD done over this past holiday week is showing me that following Mar 2020 (ie. conversion from Lil Macu stocks will be officially completed, tire patents renewal fees have been paid until 2030, trade tariffs relations repaired, etc.) we will begin to see movement due NORTH in LEIC.
shhhhhhhhhh............Although, not in a financial position just yet to buy a boat load at these rock bottom prices.......but still increasing my position when I can
Patent
https://patents.google.com/patent/US20080230365A1/en
Application US12/077,795 events
2007-03-23 Priority to US91979107P
2008-03-21 Application filed by Buhr Harvey
2008-03-21 Priority to US12/077,795
2008-09-25 Publication of US20080230365A1
2011-10-18 Application granted
2011-10-18 Publication of US8038848B2
2013-03-15 Priority claimed from US13/833,758
2015-01-09 Assigned to BUHR, BETTY J., BUHR, HARVEY G.
2015-01-10 Assigned to THE HARVEY BUHR AND BETTY BUHR TRUST
2019-12-29 Application status is Active
2030-06-27 Adjusted expiration
https://www.ipwatchdog.com/2013/04/23/innovations-for-a-greener-future-recycling-2013/id=39221/ --- mid page
https://krcgtv.com/news/nation-world/man-recycles-tires-to-create-green-energy
this analysis is crap.....number of shares outstanding is wrong and a lot more.
NEVERTVELESS I agree with you, TMilzSr, LEIC is one of the best opportunities in the market.
https://insiderfinancial.com/hitec-corp-otcmktshtic-is-flying-higher/175449/
Go Afternoon LEIC Holders,
Although dated 2yrs ago, I came across this write up which helped explain (to me at least) several of the costs and changes listed on the balance sheet.
In January 2018, HITEC CORP (OTCMKTS:HTIC) broke almost all previous resistance. From the $0.002 support level, an unexpected momentum drove the price to hit the one-year record of $0.009 before retracing back to $0.07 mark.
Why?
Since many in the market seem to be expecting great things from CHUN HONG CHENG, the recently hired President of HTIC. Nobody wants to remain sitting on the sidelines with new management in place. In our opinion, that’s the reason behind the unprecedented share price and the market volume spike; such spike has never happened in the year 2017.
Check the following chart:
Two months stock chart for HITEC CORP OTCMKTS:HTIC
Two months chart for HTIC
HITEC CORP Business Overview
This company was founded in 2003 in the state of Delaware and is currently headquartered in Jefferson City, Missouri.
HTIC functions as a collector and processor of oversize off-road tires; used with large mining trucks and agricultural vehicles.
How is the revenue model designed?
The revenues are received through the collection of fees. These tires are then treated and divided into component parts, such as synfuel, syngas, carbon black and steel, which are sold to petroleum product manufacturers and rubber blenders. The company is still in the testing phase and expects its market to expand in the near future once full production commences.
The amount of properties and equipment is very significant
In the balance sheet, we saw that the amount of properties is very large for a company in a pre-revenue stage. As of August 31, 2017, the PP&E was equal to $938,000. We rapidly became interested in these assets. The acquisition was executed on March 28, 2016. According to the information given by the company, this equipment is an operating plant under construction pursuant to HTIC’s business plan.
Why is this very important?
The market always studies equipment and properties owned by a company commencing a new business venture. The reason is that in case of having an unsuccessful business model, the market participants are sure that the company will have assets to sell. It is a great assurance.
Licensing Agreement
We saw that HTIC had obtained rights to certain patents for the use of a technology involving pyrolysis system. 20,625,000 shares of common stock were issued to pay for this asset.
What’s out take?
These are valuable intangible assets. They could multiply HTIC’s value and believe that it could be a great catalyst for the share price action.
The new CEO – What can it mean to the company?
On March 31, 2016, we received the resignation of Director Jeffrey Michel.” Please note that he left the company in good terms. Check the kind words of the management included in the press release:
“It is with regret we accept the resignation of Jeff. He has served the Company and shareholders of Hitec with great diligence and care. We wish him well in his future pursuits.” said Harvey Buhr, Chairman.
Reading this announcement, we commenced to believe that the company had started a period of transformation and restructuring.
What now?
We yet don’t know the business profile of Mr. Cheng. So, we cannot say something with certainty about the next steps of the new management. However, in our experience, new people usually bring new know-how, new business contacts, and new opportunities. Thus, we encourage readers to be very alert on this name in the new year.
There are market participants in the social media claiming that the company could execute a reverse merger with a Chinese company. Let us say that before the company announces it, we don’t believe anything.
Additionally, we encourage readers to be vigilant about new information coming from Facebook, Twitter, or other forums. Social media can sometimes manipulate the share price of microcap companies like HTIC.
Bottom Line and Conclusion
Currently trading with a market cap of $2.4 million, HTIC is an exciting story among small caps. With a total outstanding share count of 351,907,314 and a float of 102,785,873 shares, HTIC is a low float runner that can move quickly on large market orders.
In addition, the company shows a negative net asset per share and the asset side is not liquid. So, we believe that the next step will be raising capital or issuing debt.
To sum up, the companies are making a large number of changes in management, so we will be expecting surprises on this name!
We will be updating our subscribers as soon as we know more. For the latest updates on HTIC, sign up below!
Disclosure: We have no position in HTIC and have not been compensated for this article.
Image courtesy of Jamey Cassell via Flickr
RELATED ITEMS:HITEC CORP, OTCMKTS:HTIC, PENNY STOCKS
SHARE
Good Morning LEIC shareholders,
On finance.yahoo.com is displaying new financials button, however since I am not a paying member to finance.yahoo.com, it isn't allowing me to see them.
If possible for those that are paying member of finance.yahoo.com, to post the latest financial documents here for viewing.
https://finance.yahoo.com/quote/LEIC?p=LEIC&.tsrc=fin-srch-v1
Thank You and Happy Holidays
Total Assets: $1,231,892 - I didn't expect it to be quite that high
Total Current Liabilities: $1,922,966 - I didn't expect it to be quite that low
Total Operating Expenses: $262,515 - That seems reasonable
Net Loss: $12,158 - Not bad
Net Revenue: $261,270 - Not bad
Thank You. You mentioned in a previous post that the report is better than expected and in your opinion the stock will be adjusted upward accordingly.
Would you consider explaining your insight? I have reviewed the financials and still a "newbie" interpreting financials.
Any thoughts would be much appreciated.
Best Regards
T
Followers
|
166
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
13668
|
Created
|
10/22/04
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |