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Accountable? Management? For what exactly? Not filing on time? Cor converting and dumping shares?
How about you hold the ones surrounding the ARTICLE accountable? You know , the firm and writer who put it out and also disclosed they held a position in the company as they pumped it? What about them? We have found ZERO fraud within the company. ZERO.
MAY companies have been victims of external causes for the CE, random emails, even mentions in lawsuits they were not a party to. That's thier fault too? The company has done everything legally they can and continue to do so while you want " accountability and based it on bullshit accusations and conclusions with NO PROOF it was the cause of CE. Time for that obvious noise to stop. Like seriously.
Youre just too young and dumb to even argue with, suck harder.
You had plenty of time to dump. 5, 10, 15….percent loss, but you held just so you can whine about it later. I’m guessing you invested your rent money. NEVER INVEST MONEY YIY CANT AFFORD TO LOSE. DUH!
🙄 how old are you? Suck harder.
Actually, you are the loser. Why didn’t you dump when CE hit? It’s like you wanted some to whine about, dude. Don’t worry though. You just got your 12% raise. Did they move you to burger to fries. LMAO!
So much for all the hypes about AUDITED FINANCIALS?😂😂😂
I already knew it was a nothing burger.
He’s delusional to the extreme.
DONT WASTE YOUR BREATHE and let him live in his imaginary TXTM world.😂😂😂
Is that you selling 🚂👀
Anytime stock goes CE,and you don't hold mgmt.accountable you are a Loser!
Someone who is honest and realistic about the issue and not some sycophant fanboy who doesn’t believe in holding anyone in management accountable.
sadly in some sick way you think by kissing their azzes they will do the right thing or if you hold them accountable they will punish you for not being an obedient servant.
So after 19 months of nothing from management and being honest makes me a bear in your eyes?
Cool call me a bear but at least I can be honest with myself about what’s right in front of me. Can you say the same?
Yesterday was a clear example pointed out by me and a few others you know very little about stuff you put out acting as if you are all knowing when clearly you are not by not being able to answer a few simple basic questions.
But like I said go back to you silly little discord and have your ego stroked by those who don’t know any better.
I.. cannot argue with that perspective. I always reserve the possibility that there are real shareholders behind the names on these screens. It's undeniable that many people are in pain and been hurt by the events over the last 19 months.
A lot of emotion and anger is justified at this point, but the facts say that it has been largely misplaced. All of the frustration has been aimed at the company and very little point back to what we know is the root cause of this mess. That being said, the company could have walked away as 99% of them do and leave sharholder dead in the water. This has taken a lot of twists and turns, sometimes seemingly almost over ,then suffer a setback for whatever reason.ive simply pointed out the facts along the way and gave my opinion on them. Operative word is opinion. No one forced anyone to hit the buy button here.That responsibility lies with each investor. What I can definitely say is all of the true shareholders outside of speedtrader bought into this with 1% of the information and understanding we have now. So while it's been hell, looking at the bigger picture we are poised to by a mammoth company. You believe it all. Or you believe none of it.
We're an audited company now, a far cry from pink limited. We're heading for SEC reporting, not dying on the Grey's.
You are basically saying, “I own shares, but please don’t let no one invest to cover my bags. I need something to whine about.” LMAO!
The funny part is when someone agreed with Para (something positive), you responded with “suck harder.”
Why didn’t you say the same thing when someone agreed with you? Dude, you are a bear. Quit begging: LMAO!
He is not an investor. What investor in their right mind would bash a stock that they own? A real investor would HOPE that people buy so they can find an exit point. All of them are the same. They PRETEND to be investors and then when someone brings up something positive, they find every way to shut it down. He argued you to death at EVERY positive aspect of your post. Does that actually sound like someone who own shares and wants to get out? Not for one second.
I could agree with you on pretty much everything you are mentioning, BUT...
I highly suggest you go look what securities "Held of Record" means
Record holder = Shareholder of Record = Record Shareholder = Stockholder of Record
Record = "Entry" on the "ledger" at the Transfer Agent
A Shareholder of Record is a person or entity that holdstock UNDER it's OWN NAME, NOT A under a NOMINEE (unlike shares held through Online Brokerage, which are actually held under Cede&Co, the DTC nominee)
The 77 shareholders of Record is what counts for triggering the mandatory SEC reporting obligation
Yes, one broker count as 1 shareholder of record, regardless of how many customers that hold a specific stock they have.
If all the Beneficial Owners (which everyone holding shares through a broker is) would count in that 2000 or 500 shareholders there are so many companies that would be forced to become SEC reporting, it wouldn't even be funny...
Also a stock could be Penny STOCK Exempt, even have 2000 shareholders of record or 500 non accredited shareholders of record and still not trigger the SEC reporting requirements (there are other criteria than just Assets value $, for Penny Stocks Exempt status, and these criteria wouldn't trigger any reporting obligation toward the SEC)
No, it’s hilarious listening to someone whine about something they can’t control. In addition to that, you don’t sound like an investor. You sound more like a bear. My goodness, who in their right mind would bash a stock they own if they are looking for a way out. LMAO!
Absolutely not
Absolutely but why bother with this cluster F of a company? Certainly not newcomers.
Luckily I got hired by a new company and make 12% more than my last job so thank god for that so now I’m able to hold my shares longer until one day I can get out of this zhit show.
Being down 90 % no I’m stuck like all of us because of stupid mismanagement.
And you wonder why most of us are angry after over a year and a half of nothing but BS promises you witless twit. not to mention your asinine predictions.
How many shares do you own by the way since you like asking personal fincial questions.
Like I said what new retail investor would bother with this constant calamity of errors of a business.
Are you glad you poked the sleeping bear dipzhit.
Go back to your sad azz discord and have your ego stroked.
Some people just mad for no reason😂.
Don't sweat it, I surely don't. It's a stock.you don't like what's said, just keep scrolling.
I don’t understand. Why is he so angry about a stock he doesn’t own? If he held the stock, would he sell is a simple question.
This looks ready to bounce . Rough week
It certainly restricts trading. No it’s not illegal but finding a broker that lets you buy CE stocks in the US is another story.
Would you sell right now?
You are correct. Anyone saying otherwise is ill informed.
It doesn’t prevent trading for retail but for hedge funds it’s regulated.
This will be my last post addressing this. I've explained my position in as much detail as I can. I've stated that the AUDIT verified our assets, as well as our shareholder count. I don't know how else to explain my position that this is MANDATORY that we become an SEC filer which also mandates a new form 10 due to our lapse and self- termination of the registration under prior ownership. So I will AGAIN point you to your own DD for verification of this.
I've said repeatedly that the ASSETS and the AUDIT let to this threshold as well as the penny stock exempt status which look at the SAME valuation data. That is not an opinion that is fact.
So, I'll use your own post to prove my point. From the SEC website:
https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide
" Increased Statutory Thresholds for Registration and Termination of Registration
The JOBS Act and the FAST Act raised the thresholds for registration and termination of registration for a class of equity securities under Exchange Act Section 12(g). As a result of the statutory changes, an issuer that is not a bank, bank holding company or savings and loan holding company is required to register a class of equity securities under the Exchange Act if:
it has more than $10 million of total assets; and
the securities are “held of record” by either 2,000 persons, or 500 persons who are not accredited investors..."
It says "IS REQUIRED TO".. as in MANDATORY.. it does NOT say optional. or a requirement for registration. it is MANDATORY a company does so once these thresholds are met. This is not in dispute. The Penney stock exempt status was also triggered by the Audit. If you doubt that ,then explain why only after the audit was applied.
Again the "77" shareholders on the website is a reflection of the TA books tallying cert holders and other entities holding certificates aka brokers and specifically the DTCC(shares held at DTCC) which counts as ONE of the 77. This again, is not the same as individual shareholders (persons aka common shareholders) which imo exceeds the 2000 threshold. Have a good day.
No offense, but It's not a matter of opinion
Please show me where there is a different SEC reporting requirement for Pink Penny Stock Exempt issuers. (As in show me the relevant SEC rule on the Federal Register or the SEC related websites)
From my experience, and from what I can see, there are no special reporting requirements towards the SEC, for stocks like TXTM.
It only removes some disclosures requirements by Broker-dealers when they trade Penny stocks on behalf of their customers.
"Because of the speculative nature of penny stocks, Congress prohibited broker-dealers from effecting transactions in penny stocks unless they comply with the requirements of Section 15(h) of the Securities Exchange Act of 1934 ("Exchange Act") and the rules thereunder."
These SEC rules provide, among other things, that a broker-dealer must (1) approve the customer for the specific penny stock transaction and receive from the customer a written agreement to the transaction; (2) furnish the customer a disclosure document describing the risks of investing in penny stocks; (3) disclose to the customer the current market quotation, if any, for the penny stock; and (4) disclose to the customer the amount of compensation the firm and its broker will receive for the trade. In addition, after executing the sale, a broker-dealer must send to its customer monthly account statements showing the market value of each penny stock held in the customer's account.
Notwithstanding that, I hope the CE gets removed sooner rather than later🤞
Showed up Friday. Never been here before.
So, if the CE prevents trading (buying actually, we can sell all we want), how is it that 240million+ shares have 'traded' since last Friday?
why would mm's bring this down?Have you asked yourself?
Also for clarification of your shareholders threshold you are misinterpreting the 77 "shareholders" on the OTCM markets website, those are NOT individual persons as described in the statute.
IMO we have far more then the minimum 2000 "persons" as described in the regulation you posted :
it has more than $10 million of total assets; and
the securities are “held of record” by either 2,000 persons, or 500 persons who are not accredited investors.
NOW at .001
THAT’S THE TRUTH
You post again does not address the reporting requirements of a Penney stock exempt company. This is my stance, not the relation or affect on broker dealers. You are arguing this reporting requirement doesn't not apply to TXTM, or the only 3 other companies on the pink tier with this status? Or that it's not truly applicable? I'm not sure how you can have one without the other. But , this conversation will soon be meaningless anyway and I've voice my opinion on this enough foe my opinions to be understood, agreed or not.
We can disagree that's fine by me, but it is coming and the subsequent events that the company has put forth will aako be met. See you when it happens. The CE has nothing to do with this, but will put OTCM at odds with SEC when form 10 is accepted and question period is closed. The SEC will perform its own investigation into the company and once this is done the CE will likely be dropped as it has with other companies.
But that's a discussion for when that happens.
Sadly it’s the unfortunate truth…
Yes sir there it is exactly. And exactly what I posted.
Hedge funds and other brokerages can trader penny stock exempt company’s but regardless TXTM can not be trader even though they are exempt for one simple reason.
That reason being CE.
But Para is clueless on this front as well.
All made up sh!t from thin air .
We all know this for for almost 2 years now.
Don’t waste your breath
The amount of dumb spin dancing you do to avoid any pertinent question is amazingly sad.
TXTM would not need a second audit if the first was PCAOB plain and simple dipzhit what are you not getting?
You are completely clueless about reasoning for penny stock exemptions and its benefits.
Live in your delusional fantasy world with your 10 sycophant followers for all I care.
I have seen TXTM Penny Stock Exempt Designation on OTCM Screener
The designation is exempting Broker-dealers from certain disclosure requirements towards their customers in relation to Penny Stock trading
1. Summary of Collection of Information
Rule 15g–2 requires broker-dealers to provide their customers with a penny stock disclosure document, as set forth in Schedule 15G under the Exchange Act, prior to each customer's first non-exempt transaction in a penny stock. The rule also requires a broker-dealer to obtain from its customer, in tangible form, a signed acknowledgement that he or she has received the required penny stock disclosure document. The broker-dealer must maintain a copy of the customer's acknowledgement for at least three years following the date on which the penny stock disclosure document was provided to the customer. During the first two years of this period, the document must be maintained in an easily accessible place.[113]
https://www.federalregister.gov/documents/2005/07/13/05-13737/amendments-to-the-penny-stock-rules
I respectfully disagree with you on the Penny Stock Exempt triggering any TXTM reporting obligations towards the SEC
We COULD see a Form 10 with PCAOB audit in the coming months.
IT ISN'T required
TXTM doesn't meet the MANDATORY SEC reporting, because of the Shareholders of Record criteria under Section 12(g) of the Securities Exchange Act of 1934
https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide
instead of arguing,whos right or wrong,let's take a look at 30 day since AL,and still nothing.That means otc is not buying what they sell,and asking or wanting more info.Shouldn't take this long,i'll give another week,maybe two,if it doesn't come off then,that will mean 3yr ce,which i originaly said will happen,i really hope i'm wrong,but...
0.0001 coming soon all aboard the 🚂
The Auditor was not PCAOB .. I've explained this 3 times now. Read to comprehend not to respond. SEC only accepts PCAOB audits. I'll get of this merry go round with you now.
You keep asking questions about taking advantage of the Penney exempt status. I'm speaking to the filing REQUIREMENTS of the status.
A penny stock exempt company must file a Form 10-Q for quarterly reports, a Form 10-K for annual reports, and a Form 8-K for significant events or changes. All can not be done without an active registration. A form 10 is required to report register with SEC because of the time elaped,change of ownership and other factors since we were last a SEC reporter.
So are you denying we have that status? Are you denying the requirements once that status has been applied? You can argue with yourself all day long. The status HAS BEEN ASSIGNED. Now the company must comply.
Seems simple to me, but.. well..
Financial scheme masquerading as a pure book asset in name only. Name an actual business with sales/earnings which falls under the TXTM umbrella.
🤦♂️Nothing but a calamity of errors…
Easy one Why the need for 2 audits one after the other?
Rsammda.. wholly owned subsidiary
Seeds with current carry over asset value of $15 million, with an actual fair market value far exceeding 200 million.. next.
Name the subsidiaries and assets that TXTM controls as a "Holding Company".
Right now. We will wait.
I never stated the assets was the sole reason. I stated it was among other criteria that triggered the penny stock exemption. The bage does not show on the profofile itself the designation is set forth and can be seen by queries on the OTCM database. The designation is there in plain sight.
This designation however is required also to be reported to the SEC, which triggers the other standards of higher reporting standards which the path I've laid out before. We will see a form 10, we can discuss it after it happens.
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