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The new company may be close to an announcement/update.
It's about time....
Nothing wrong with that. I will give it some more time.
I sold some time ago. Once there was no communication by new CEO about any plan, I bailed. I feel investing in this will be dead money for a while.
Did people sell because of the Q-10, the quarterly report ending SEPTEMBER 30, 2020?
That was just to bring filings up to date and does not reflect current company operations.
Correct?
Maybe they are waiting to see who the next President will be?.....lol
With the way things are going at present, who knows!
OTC Markets has not even been updated with the new CEO and contact info.
What did I tell you. I never see any fast action from the Asians when they take over a shell.
You are right but I was hoping that due to the fact that we are dealing with a substantial operating company the process to get up and running could be quicker, I assumed.
Either way, not much we can do about that at present.
We shall see. I have not had good luck when it has come to Asian owned OTC stocks. They can remain stagnant for a loooong time. This has been my past experience. Not my prediction of this one.
We should not have to wait long now that all the paperwork is done.
I am particularly interested in the overall scale of their operations because that's still something I cannot get a handle on.
Hopefully they will give us some revenue numbers/projections so we have better idea what to do from here on.
Was as high as .08 yesterday
Exactly. That is not new news.
It is only to make the dates of the previous announced changes official.
Now we wait for the new CEO to make some type of announcement of future plans.
I see. Sorry my mistake, I looked at another company's news item.
This was known to us but now legally implemented.
I think that is significant, we have a totally new company here and as far as I can see a substantial company.
Have to wait and see what the company offer its shareholders.
Change of ownership. Also looks like the market doesn't care :/
What does that news item have to do with ACEZ?
All in all it does seem to be a substantial company and would be interesting to see what assets they will be putting into ACEZ and/or what the end product would look like.
Surely worth more than 7 cents..... lol
http://www.chitose-inc.com/english/index.html
Doesn't show his name there as chairman!
Tadashi Sasano, Chairman & CEO
Seisuke Francis Kohno, Vice Chairman
Thanks. The red part is what I want to see vetted. I cannot find any info on Chitos. Abbreviated nor spelled out completely. Seems strange if it's a medium to large holding company in China.
Mr. Yu Yang currently is, and has been for the past seven years, the Chairman of Chitose International Industrial Group Co. Ltd. (“Chitose”) which is a medium and large industrial holding company in China. Chitose headquarters are in Beijing, however it maintains offices throughout China.
Scroll down to the part highlighted in red! I believe this is what he was referring to:
https://www.otcmarkets.com/filing/html?id=14421450&guid=381eUW2sk9o3Ayh
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 30, 2020 (September 23, 2020)
Ariel Clean Energy Inc.
(Exact name of registrant as specified in its charter)
Delaware
000-54159
84-1209978
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
7th Floor, Naiten Building, No. 1
Six Li Oiao, Fentai District
Beijing, PRC
100161
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code +86 1370-139-9692
86 Broad Street, 18th Floor, New York NY 10004
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
N/A
N/A
N/A
Item 1.01 Entry into a Material Definitive Agreement.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers
Effective September 30, 2020, a change of control occurred with respect to Arial Clean Energy Inc., a Delaware corporation (“Company”). Pursuant to a Securities Purchase Agreement (“Agreement”) dated September 30, 2020 by and among Mr. Yu Yang, an individual, as Buyer, Nexus BioFuel, Inc., a British Columbia corporation (“Nexus BioFuel”) and SeaMorri Financial Partners, LLC, a Texas limited liability company (“SeaMorri”), as “Sellers” and the Company, Mr. Yang acquired all of the shares of Class A common stock of the Sellers as indicated below (“Acquired Shares”);
Seller
# of Acquired Shares
SeaMorri
80,000,000
Nexus BioFuel
13,531,000
93,531,000
The Acquired Shares represent82.55% of the total issued and outstanding Class A common stock of the Company.
In addition pursuant to the Agreement, BioNexus assigned to Mr. Yang all of its rights, titles and interests in and to certain loans made by BioNexus to the Company totaling $86,250, plus accrued interest. These amounts include certain outstanding payables made by BioNexus at closing. The total consideration paid by Mr. Yang was $330,000 which were funds from Buyer. The Agreement contained customary representations, warranties, covenants and conditions by the Company.
On the Closing Date, Mr. Delbert Seabrook, the sole officer of the Company, resigned in all officer capacities from the Company and Mr. Yang was appointed Chief (Principal) Executive Officer, President, Chief (Principal) Financial Officer and Treasurer the Company. In addition, Mr. Yang was be appointed a director of the Company.
Effective upon the 10th day after the mailing of the Company’s information statement on Schedule 14f-1 (the “Schedule 14f-1”) to the Company’s stockholders (the “Appointment Date”), Mr. Seabrook will resign as a director of the Company. On that same date, Mr. Yang will be appointed as the Company’s Chairman of the Board of the Company.
New Executive Officer and Director.
Name
Age
Position
Yu Yang
37
President, Chief Executive Officer,Chief Financial Officer and Director
Mr. Yu Yang currently is, and has been for the past seven years, the Chairman of Chitose International Industrial Group Co. Ltd. (“Chitose”) which is a medium and large industrial holding company in China. Chitose headquarters are in Beijing, however it maintains offices throughout China. Mr. Yang brings 10 years of management experience to the Company. He holds a Master’s Degree in Philosophy from Peking University.
There is no arrangement or understanding between the new officer and director and any other persons pursuant to which new officer and director was selected as a director of the Company. The Company has not determined what if any committee the new officer and director will serve on behalf of the Company. There have been no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we were or are to be a participant, exceeding $120,000 and in which our new director had or will have a direct or indirect material interest. There is no material plan, contract or arrangement (whether or not written) to which our new officer and director is a party or in which he participates that is entered into or a material amendment in connection with the triggering event or any grant or award to any such covered person or modification thereto, under any such plan, contract or arrangement in connection with any such event. There are no arrangements, known to the registrant, including any pledge by any person of securities of the Company or any of its parents, the operation of which may at a subsequent date result in a change in control of the Company.
2
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
After giving effect to the above described transaction, the following table lists, as of the date of this report, the number of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group.
Unless otherwise indicated, each person named in the following table is assumed to have sole voting power and investment power with respect to all shares of our common stock listed as owned by such person. The address of each person is deemed to be the address of the issuer unless otherwise noted. The percentage of common stock held by each listed person is based on 113,296,421 shares of Class A common stock outstanding as of September 30, 2020. Pursuant to Rule 13d-3 promulgated under the Exchange Act, any securities not outstanding which are subject to warrants, rights or conversion privileges exercisable within 60 days are deemed to be outstanding for purposes of computing the percentage of outstanding securities of the class owned by such person but are not deemed to be outstanding for the purposes of computing the percentage of any other person.
Name of Beneficial Owner
Amount and Nature
of Beneficial Owner
Percent of Class
Officers and Directors
Yu Yang
93,531,000
82.55 %
All officers and directors as a group (1 individual)
93,531,000
82.55 %
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
/s/ Yu Yang
I would like someone to find any info on the new CEO and the company he is supposedly a chairman of in China. I could not find any info on him or the company in China.
Waiting for the new company to tell us what's in store for shareholders
I agree. This one has not even started yet. It's just got a micro float so traders think it ran already. That little bonus pop to .20 cents was nothing compared to what is coming once company starts to create the hype.
$ACEZ
When it starts running they will be chasing!
Find it strange that people, very few it seems, are getting out before they really know what's getting in, so to speak.
Like running for the hills but you don't know what's chasing you....
Always conduct your DD before buying. I bought this ticker for no other reason than the LOW, LOW, LOW OS. I don't care how long it takes to run. When it runs, it is going to run like a MONSTER! IMO!
Why would their be excitement yet? Did the company try to create any hype yet? I have not seen any yet if they did.
"Given the potential that is unfolding (hopefully) there doesn't seem to be much excitement around. Is that telling us something?"
Good traders find the good setups before everyone else dose. That's what we have done here. Now we just wait for the company to be ready to create the hype that will bring the traders here. We just got here a bit early.
Being first to the party is how the big money in the OTC is made. Hold tight!
$ACEZ
This is good for 1 more pump.
Once news comes out for the official future business it should have another increase.
Given the potential that is unfolding (hopefully) there doesn't seem to be much excitement around. Is that telling us something?
The latest 8K/A mention Yu but connect him to a rather large industrial group in China.
What's your view on the latest 8K/A?
What more do we know about Mr. Yu Yang and since he runs a large conglomerate, where does ACEZ fits in?
Form 8-K/A
https://www.sec.gov/Archives/edgar/data/1499684/000164033420002438/acez_8ka.htm
Mr. Yu Yang currently is, and has been for the past seven years, the Chairman of Chitose International Industrial Group Co. Ltd. (“Chitose”) which is a medium and large industrial holding company in China. Chitose headquarters are in Beijing, however it maintains offices throughout China. Mr. Yang brings 10 years of management experience to the Company. He holds a Master’s Degree in Philosophy from Peking University.
Monster move coming. Micro float play. Hold'em tight!
$ACEZ
Hoping for it. Everything looks complete. Hoping they put out a update / their plans
Wouldn't that be awesome!
Woo hoo 5 digit print .08965 - 95% of those trades are mm
Only in otc mm get away with that
Now we have 7 MM’s on the bid. Getting closer to go time I’m thinking.
I don't understand that logic.
It won't run if everyone is selling instead of buying!
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