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Second Street Capital, Inc. (OTC Pink:CTON) announced today that it is presently negotiating a transaction whereby the company will acquire 100% of the capital stock of Life Electric Vehicles, Inc. of Deerfield Beach, FL in exchange for the issuance of approximately 450,000,000 shares of Common Stock of the Company. The proposed acquisition is anticipated to be completed before December 31, 2021.
The Company also announced that the Board of Directors had approved, and the shareholders have ratified, an increase in the authorized capitalization of the Company from 25,000,000 shares of Common Stock to 750,000,000 shares of Common Stock.
Second Street Capital, Inc. is a New Jersey based corporation, previously involved in organizing loan facilities for small and medium-sized businesses, as an alternative to traditional bank loans. The company has no current operations. Second Street Capital, Inc. recently has undergone a Change of Control with Life Electric Vehicles, Inc. having acquired 70.7% of the Company's outstanding common stock.
Life Electric Vehicles, Inc. is a Florida based corporation, involved in the design, manufacturing and commercialization of electric vehicles, with a current emphasis on electric bicycles. Life EV manufactures its products utilizing free-trade zone processes in Broward County, Florida with a United States Certificate of Origin.
And they are now gonna build electric bikes, wonder if that will catch on !!!
Market Cap Market Cap
5,514,248
10/01/2021
Authorized Shares
25,000,000
09/15/2021
Outstanding Shares
7,069,549
09/15/2021
$CTON Second Street Capital, Inc. Appointment of Directors and Officers
Company Officers/Directors Change Announcement | 09/30/2021
On September 30, 2021, Second Street Capital, Inc. (the "Company") announced that Daniel Del Aguila and Mariana Freundt-Thurne had been appointed to the Board of Directors of the Company.
Effective September 30, 2021, Robert Provost, the Companys Chairman, Chief Executive Officer, President, Treasurer and Secretary of the Company resigned his position as Treasurer and Secretary of the Company.
Effective September 30, 2021, Daniel Del Aguila was appointed as Chief Operating Officer and Secretary of the Company and Luis Feliu de Mora was appointed Chief Financial Officer and Treasurer of the Company.
Percentage numbers in previous post are wrong......
CTON...extremely disappointing RM terms......
CTON(.65)...increased position......
Hell of a crappy day to drop that news. Talk about the 9/28 drama to over shadow this going on.,
I never jumped in this.
Any DD on this Robert Provost dude?
They still need the Atty letter to become Pink current. Again! Hell of a time to switch horses,
Wow! Change of Control
https://www.lifeelectricvehicles.com/pages/about-us
Second Street Capital, Inc.
On September 27, 2021, Life Electric Vehicles, Inc., a Florida corporation ("Life EV"), completed the purchase of 5,000,000 shares of the common stock of Second Street Capital, Inc. (the "Company") from Kyle Meyer, the Companys President and Chief Executive Officer. The shares acquired from Mr. Meyer represent approximately 70.7% of the Companys outstanding common stock.
Effective September 27, 2021, Mr. Meyer resigned his positions as an officer and director of the Company and Robert Provost, the Chief Executive Officer of Life EV, was appointed as a director, the Chairman, President, Chief Executive Officer, Treasurer and Secretary of the Company.
.60Z GONE, .90Z UP~ LETZZZ SEE PAPER~ $CTON
LOOKIN GOOD HERE~ TOOK SOME~ THAT L2 IS TOOTHPICK THIN~ LETZZZ SEE PAPER~ $CTON
CTON shell 668k float on 7m O/S @ .50
Never herd of Kyle Meyer.
And not sure how old is that EV R/M thingy?
I may snag a starter as a lotto
CNGI(.51)...added to position.....
I found it interesting and about sums up what’s going on today..
DD 30+ of these per day. You can’t get too deep.
How sad you had to reach alllll the way back to 2013 to catch my post.
Really who cares what it does.
I prefer it to be a dead shell coming back alive.
Low floats going current is what ya need to be looking for till thus9/28 drama passes
WoW!
7mm O/S should be good for .60+ unless they are trying to sell something snd waited for the 11th hour to save their lazy because necks from purgatory
Yulp, it’s a shell that someone put in the effort snd expense to keep it alive. It’s all in the filings. I mean “The Who” part, now answer “The Why”and we all will be rich.
Does this dude on Boca Raton have a clue how to do aR/M?
Time will tell. It’s on my list after this excitment pans out.
We only got 30+ of these today going yield sign current today
Audited too. Another IH&AI
Search LinkedIn for the CEO
CTON...accumulated a position......
Picked up some shares of the CTON shell in the 19-27 cent range (50+K shares at an average under 24 cents). This shell looks exceptionally attractive from a risk/reward standpoint around these prices.
It looks like the legacy share position will be roughly 2M shares after the RM target (Life Electric Vehicle) purchases controlling interest in the shell. Just based on what types of legacy share valuations other shells are reaching, CTON probably has a pretty good chance at seeing prices well over the two dollar level.
From the OTC Markets profile......
$CTON: $0.15....... just like that
PRIMED and ready to ROCK.
MAJOR move already
GO $CTON
$CTON: ALLIvvvvvvvveeeeeeee........... hitting $0.08
Just like that.
And nothing in its way.
Next stop... $0.15
GO $CTON
Someone is buying CTON
Who and Why?
Found this stock on a random watch list. No clue why as this is one dead company from what it looks like.
Does anyone know anything about what CTON has been up to? Are they still in business?
.001 would be worth it maybe .002? jmo I have to dd and see what their business filings look like.
Okay, people are PM'ing me telling me I'm insane for "liking" CTON,
Well here is my reasoning, I know nothing about the company besides it is in my most hated location for tickers. But the share structure simply is too appealing to pass up.
Par or Stated Value: $.05
Total shares authorized: 25,000,000 as of: August 31, 2013
Total shares outstanding: 7,069,549 as of: August 31, 2013
How many "scam" tickers have an AS of only 25 million shares? NONE
How many "scam" tickers have insider holding of 91.2% or commons> NONE
How many "scam" tickers haven't "diluted" in over a year? NONE
How many "scam" tickers have a public float of less than 3/4 of a million shares? NONE
So you decide who is crazy - FYI - it really matters not what anyone thinks of my picks besides me and those who know a good gamble.
CTON
This & a couple others are just accumulate cheap, sit back wait for the ask wipe outs (as that is what they do) & help them wipe out that ask before they do
maybe sometime this year , atleast they moved the pps up where no one will touch it now
Second Street Capita (CTON)
0.7 ? 0.5 (250.00%)
Volume: 100 @ 12:53:03 PM ET
Bid Ask Day's Range
0.025 0.7 0.7 - 0.7
those behind this play, management, insiders & debt holders are to greedy & stupid to @ least not pay for 1 good pump & dump as they are cheap (destroy the) ask punks!
MAYBE NO 3RD PARTY PUMP AND DUMP ,
I THINK TOO MANY PEOPLE KNOW THE FRAUDSTER AND REALIZE THERE IS NEVER MONEY LEFT FER ANYONE ELSE
where's that 3rd party when you really need'em...they need to pay & just get this party pumping
dang bring the volume and get this P&D going already.
XTREME WORST PROMO GROUP. NO SUPPORT ON BIDS. NO NEWS. NO NOTHING. BIGGEST TRASH EVER. THEY FRONTLOAD AND SPAM ON TWITTER NONSENSE!! STAY AWAY!!
love those paid for pumps by that non affiliated 3rd party like money in the bank before it tanks
Thanks for the info
YUUUUUUUUUP , me too , the "core plays" the ones that no one owns the float except 2 people are the ones that get manipulated and controlled like a red headed step child
This P&D will commence at some point,
I am quite sure only 2 people know when that will be taking place " (the 3rd party and ceo with all the shares)
I will get shares when this one starts so I can get my dump on too
always find me a few that all management knows how to do is P&D as for them it's all about Scams Scoundrels & Suckers American Greed. So I buy hold my lotto ticket & sell when the game is on. money in the portfolio & sticking it to unscrupulous CEO & management brings great joy & wealth.
the CEO's game is
a bit of DD & technical watching will let you know when those behind this POS will run their P&D. Be ready & profit accordingly.
$$CTON Turning good ideas into realities as long as you don't sell last
This will be an XTREME P&D in time, thats the only honest story here.
As far as the filings, no surprise as it seems the ceo is hardly on his game.
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Life Electric Vehicles Holdings, Inc. dba Life EV Group
is a light electric vehicle company, incorporated in Nevada and headquartered in Broward County, Florida USA. Having recently undergone the transition into becoming a publicly traded company, we are in the launching and acquisition phase. Our business model includes the launching, acquisition, and consolidation of multiple brands of e-bikes, e-trikes, e-scooters, and light EV companies to become an industry leader in the American micro-mobility market. In addition to ready-to-ride electric vehicles, we will be a supplier of individual components including motors, batteries, chargers, controllers, and EV parts to 3rd party manufacturers and for distribution not only in the USA but worldwide.
The first acquisition is to complete an equity stake in Life Electric Vehicles, Inc., aka Life EV, a related company that is the majority shareholder of Life EV Group.
Life EV has established its own brand and is a full-service USA manufacturer of light electric vehicles, with a 32,000 SF manufacturing facility in Florida, USA. Life EV holds multiple trademarks and 2 USPTO-approved Patents with additional Patents planned.
In addition to proprietary brands, Life EV Group continues to be in negotiation to acquire multiple e-bike and e-scooter companies in a roll-up fashion having recently signed 4 Letters of Intent to acquire either a controlling interest or 100% equity in these companies.
These companies, upon being acquired, will have their design, development, and production moved to the USA, and eBikes manufactured by our related company, Life EV, under an FTZ process on US soil. The components will be supplied at the direct fabrication level from the industry’s leading worldwide suppliers, allowing for better quality, pricing, and tariff controls. Inventory control, assembly, quality control, and distribution will be fulfilled under the same roof for all brands. This will result in reducing overhead and simplifying production and distribution for each brand.
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The light electric vehicle industry, mainly e-bikes is fast becoming the leading form of EV sales not only in the United States but in Europe as well *1.
Electric 2-wheel and 3-wheel products, including micro-mobility, are a perfect form of personal transportation. E-bikes do not require registrations, insurance, or licenses and can ride wherever traditional bicycles can ride. E-delivery vehicles, when developed as e-bikes or e-trike, also follow traditional bicycle regulations and are the perfect delivery option for metropolitan areas.
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