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Sorry for interrupting you guys' argument
I just want to say that a Penny Stock exemption, itself, doesn't trigger anything with the SEC (The "Penny Stock Exempt" badge doesn't show on OTCM, because, as they told me, they don't show this kind of badge for non OTCQB or QX stocks)
Also, showing Assets over 10m$ isn't the sole criteria to "force" SEC reporting, a company must also have 500 shareholders of record or 2000 if less than 500 non accredited investors
TXTM, as per their last filling, on page 3, has 77 shareholders of record (holding securities under their own name, not through an online brokerage like the overwhelming majority of us)
As per SEC, mandatory SEC reporting starts when:
It has more than $10 million in total assets AND a class of equity securities, like common stock, that is held of record by either (1) 2,000 or more persons or (2) 500 or more persons who are not accredited investors OR it lists the securities on a U.S. exchange"
https://www.sec.gov/education/smallbusiness/goingpublic/exchangeactreporting
We are the morons!?! lol that’s funny.
Should we go through all of your failed asinine predictions?
Well said. I remember when he was floating the idea they would just buy another company and uplist untill he must have realized that would screw all current TXTM share holders.
Unsubstantiated? Lmao it's in the filings.
So I guess you can get on the short bus with the rest of these morons. As I recall you too said the company could NEVER finish an audit😂😂.
The company is IN FACT a holding company with subsidiaries and assets. Check your definitions Genius, then proceed to explain to me why TXTM and declarations in the filings does not qualify.
The distribution of Cbd products is ALSO clearly defined as past of the business model in the filings. Yall gotta do better, this is far too easy for me.
🤦♂️ thanks for your long winded rant that answers NOTHING I asked just more side stepping.
It’s simple, you do not need a form10 to accompany the first audit if it was PCAOB to begin with.
Penny stock exemptions does have advantages/benefits you clearly don’t know of…what a surprise.
However TXTM can not utilize or take advantage of these for 1 reason that you have no clue of why clearly.
As I said a fcuken calamity of errors with this company from start to present.
Nothing on the books for over a year is why no one in there right mind would even consider buying TXTM.
After a year and a half Management promises and social media hints haven’t and won’t help those invested in TXTM.
Put up or shut up. The end.
".......Uplist to a higher exchange"? Man, talk about giving false hope. TXTM can't even cut it as a Pinky Stock. There is no way they can (or will) satisfy the NASDAQ requirements. No working business model, no sales, no earnings. The notion that TXTM will become a holding company with CBD related business subsidiaries is an unsubstantiated joke.
Show me RSAMMD's client list, sales & earning figures. There is a reason they are kept secret. Figure it out.
You cleary don't understand these things, and it is frankly a waste of my time to explain these things.But for those who require clarification, here goes.
Penny stock exempt companies are required to file certain reports with the SEC, particularly if they have registered securities or if they meet specific criteria outlined by the SEC.
in order to submit documents to the SEC, you must be SEC reporting
The Form 10 is being filed because the registration with the SEC was withdrawn by the company 7 years ago:
https://www.otcmarkets.com/filing/html?id=11804450&guid=O0Q-kFgG6XoFJth
The Form 10 required to be SEC reporting, what is ALSO a requirement is 2 years of audits done by a PCAOB Auditing firm. The SEC ONLY accepts audits from a PCAOB auditor for publicly trading companies, which is why they will be submitted as well.
These were set in motion as a requirement and a result of the filing just completed due to the amount of assets now independently confirmed among other factors. You dispute that, pick up the phone and ask the OTCM why they made that designation.
So, you see your argument isn't with me, it's with your lack of understanding.
All of this was set in motion by the Audit that was just completed. Why this process is so hard for you to comprehend is not my concern and I'm not about to make it my responsibility.
These are the facts and reporting standards set forth by the SEC. You have a gripe, go to them. In the meantime people who understand what's going on are moving forward. The company WILL become a SEC reporter in short order satisfying the requirements also to uplist to higher exchanges.
Wrong again you do not need a form 10 if your audit is PCAOB.
The only reason a form 10 would be needed is if an audit was not PCAOB
Jesus how the hell do you have a private discord and you don’t know the basics!?!
So now you’re saying penny stock exemption is not an advantage??? Or are you just saying that because you can’t answer my original question.
Let me try to ask you simple questions instead.
1) why would the company need a second audit that is PCAOB after just getting one, or a second one at all?
2) if penny stock exemption has no advantages why does it exist?
Why file for it?
3) after over a year and a half with CE and nothing on the books for over a year now why would anyone buy TXTM?
Do some research before answering for Christ sake.
There you go again, showing your ignorance. I NEVER said a form 10 was needed to have a PCAOB audit. I said A PCAOB audit will accompany filing of the form 10. The form is now MANDATORY because of the Audited assets valuation and other reasons ill eave your genius to figure out, but it will definitely happen soon. The Penney stock exemption is not something to "take advantage of" 😂 it triggers additonal reporting requirements to the SEC.This is not rocket science and must be done. The rest of your gibberish is not worth my time as the more I write, the less you comprehend and go off on wild tangents. So I'll leave you to your feelings.
That’s what he said, you know while you’re busy saying things that nobody cares about. Maybe focus on what matters and you could be the one saying that again 🤷♂️
Suck harder
Touché Para! Thanks.
Are you high!?! I refute everything you say because everything you say is pure bullzhit.
Wait so they got an almost worthless audit just proving they are a legitimate company is like say I have a 20,000.00 paint job on my car then pulling up to the car show with a rattle can garage mess thinking ill get first place.
And now you’re saying they need another audit!!! Like I said a fcuken calamity of non stop errors with these guys.
Now let me set you straight here.
1) you don’t need a form 10 for a PCAOB audit dipzhit so if that’s what they are attempting to get why not do just that in the first place???
2) penny stock exemption means almost next to nothing as far as TXTM is concerned or didn’t you know that? The benefit of pennystock exemption can not be taken advantage of for one simple reason. Let’s see if you can figure out why dipzhit.
I’ll give you the answer after you fail to answer it.
Time to take your silly azz to school.
Not sure how you got confused, maybe because of all the BS talk you surround yourself with but there is nothing on the books consecutively or continuously. Thought you would have been able to figure that out for yourself but apparently not.
And please with your silly predictions, you once told me you were a failed trader so there’s that. Hint hint.
You're focused on a trailing indicator suppressed by the CE . I'm focused on what the filing and management have proven with the Audit and other communications. You see, unlike the ignorance I see here, I understand what a carry over asset is, I understand the TRUE value of the seeds and the technology. Idiots can keep running thier mouths all they want. I know the value of the company and the company is gonna prove all the incompetent and impatient "experts " wrong very soon..why? Because it's mandated they do so. But keep running your mouth about the Share price like the rest of them. You will be running to another board soon enough.
The current noticeable decline of the PPS is definitely not the type of win I would want to highlight in my resume.
Oh I see you still here. You seem triggered with all the cursing. Not one thing you said refutes anything I said. told you and audit was going to be done, and it was. I'm telling you the follow-up PCAOB audits will be done ,as well as the form 10 filed. You clearly cannot read filings as there is far more than nothing on the books and both the SEC and the otc proves you wrong since we are indeed "Penney stock exempt". So they wrong too? Because you say so? I'll just keep piling up the wins and you sit there posting ignorance. You clearly have no idea what you're talking about, you think because everything I've said is false because they haven't come to fruition yet? sad for you ALL of them are coming.
You spit nothing but horse zhit as usual. More side stepping more dumb excuses so basically more of the same from you.
It’s over a year and a half later, article does not take that long to be investigated PERIOD. Even an SEC investigation on average takes 6-12 months on average for companies that have been around much longer. This is not a company that has been in existence for years needing a long time to go through so stop with the BS just like your many many silly predictions that have all fallen through and you know it.
What you said about the auditor is just asinine, Weather or not the auditor knows what is required of or for a PCAOB means jack zhit if it’s not recognized as such.
Again why would anyone new to TXTM purchase shares with nothing on the books?
Thanks for the insight 👍🙏
Oh. I see the whole crew is here trying to explain what the company needs. This is hilarious to me.
Where shall I start? Well, I'll address the audit that was done. In case you didn't realize it, set off a chain of events which made the Form 10 filing mandatory, which the company obviously knew would happen when they used the auditor they did.
The OTCM would be required to report this filing to the SEC as the company with audited assets now is above the threshold for being Penney Stock exempt".
Now what should also be noted is the Auditor that was used is a former PARTNER at Price Waterhouse Cooper and is obviously fully aware of the PCAOB standards and would prepare the Audit and preserve the data necessary to expedite the process of a POCOB Auditor to complete expeditiously.
The Audit also did another import thing. It proved no dilution and no fraud on the company's part reguarding the initial accusation of a pump n dump as indicated in the filings.
There have been no conversion or dilution period.
Now on to the fear mongering going on with current selling. What are are likely seeing is a forced exit of a shareholder, possibly tied to the root cause of the implementation of the CE. The Article, or did we get sidetracked from what the filings said with all the noise of the Order causing the CE?
The ARTICLE is and has always been the root cause amd is likely being addressed by the proper authorities as the company has definitively proved no wrongdoing on their part.
There WILL be a form 10 filing accompanied by the required audits. You can bet on that.
Let’s see how it plays out within the next few weeks. Thanks.
100% Also why would any new investors look into TXTM under current situation with nothing on the books? Would any of us? Company is CE for over a year and a half with no signs of it being removed in the foreseeable future and nothing on the books with a somewhat useless audit. This reads like a fcuken bad comedy of errors one after the other.
At This point the only way they can savage what is left is to start putting everything on the books that should be and not holding back. They say they are of and for the people? Well after all this time start acting like it.
Plain and simple we are all suffering some more than others while they have ego battles with OTC.
Never ending 🐂💩 with Doc J 🤦
The company they used to audit isnt PCAOB certified, therefore could not be used to become SEC reporting. They would also need to file a Form 10 which hasnt happened to become SEC reporting. It isnt automatic.
Maybe we also see audited financials for 2022, which would then make it two years of audited financials and hence, SEC reporting and allow an up list. Two years of audited financials should definitely get it removed. Also, maybe the OTC already has with me and it’s a timing thing. Either way, I think it gets removed.
They have 45 days from the April 15th annual filing to be SEC reporting. Let’s see what the next few weeks bring. Thanks.
You can make excuses all you want but if we don’t see anything on Q1 this company is dead in the water and trips are inevitable.
If audit doesn’t remove CE then nothing will. And that’s a scary thought as OTCM does not ever have to remove it period.
OTCM is judge jury and executioner in this case and suing them is laughable. (Zero success history)
Also take into account if CE not removed with audit this will take years if ever.
And before you go thinking TXTM can just buy another company on NASDAQ you’re smoking something.
That would totally screw current TXTM share holders.
Look it up before posting silly reply’s.
Disillusioned whale throwing in the towel at low prices just to get out before another repetitive quarterly report of no consequence.
Never mind the CE status. TXTM has no active business plan, no sales, and no earnings. Back to the trips again.
Wen pluto?
Wen freedom?
Wen moon?
Exactly. 87m shares traded and OTCN and BLAS all over the ask. Definitely conversions of some sort.
some conversion most likely.Just doesn't look like regular to me.and judging by volume of buys.imo
Nonsense, since all shares that were "sold" have now been bought. Data doesn't lie
Yeah, Its obvious someone is dumping or converting shares here and OTCN and BLAS on the L2 constantly means its a form of dilution.
the guy is complete tool,with zero knowledge,just talking nonsense for 18mo,kool aid king!also just dumb!
Somebody keeps loading up with multiple 5,000,000 blocks.
Exactly the company is still making moves. What absolutely floors me is the number of worthless companies not on CE that has nothing to offer and will always be an OTC stock
Keep that fear mongering going. Lmao. That ain't happening
12 13
🤔 👜 Of 💩 = txtm CE
There is only one new mm and all day has not been controlling the bid. So that scenario is based in fear and assumptions. No need to explain what's not happening
Well dilution MMs are on the L2 Ask right now, so how do you explain that?
The company has never diluted shares,, ownership has never converted or even own common shares. That suggestion is assenine.
BLAS is a dilutor on Level 2. Been there the last couple of days. Looks like dilution is happening here.
TXTM =disappointment is an understatement
I agree. I've many co's come off CE. They get a small temporary bump and go nowhere.
I couldn't stop laughing at that comment 🤦🤣😂
CE means nothing ? are you kidding me
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