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Born Inc. (QUTRD)

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Last Post: 12/4/2020 1:51:15 AM - Followers: 233 - Board type: Free - Posts Today: 3





Form Type

 

 

 

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): November 24, 2020

 

Born, Inc.

(Exact Name of Registrant as Specified in its Charter



8-K
 
  2020-12-01 

On November 24, 2020, Quture International, Inc. (the “Company”), amended its articles of incorporation change its name to Born Inc. (the “Name Change”). The change was made in anticipation of entering into a new line of business operations.

Also on November 24, 2020, the Company amended its articles of incorporation to reverse split its common stock at a rate of 1 for 1,000 (the “Reverse”).

Item 8.01. Other Events

On December 1, 2020, FINRA declared the Name Change and the Reverse effective. Also on December 1, 2020, the Company was informed by FINRA that the Company’s ticker symbol would be changed to BRRN in twenty business days

https://fintel.io/doc/sec-qutr-8k-quture-international-2020-december-01-18597





9/28/2020 UPDATE:
*8K
. Reverse Merger to FiveT Capital Holding AG

On September 23, 2020, as a result of a private transaction, 10,000,000 shares of Series A Convertible Preferred Stock, $0.001 par value per share (the “Shares”) of Quture International, Inc., a Nevada corporation (the “Company”), were transferred from Custodian Ventures, LLC (the “Seller”) to FiveT Capital Holding AG (the “Purchaser”). As a result, the Purchaser became an approximately 50.2% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. The consideration paid for the Shares was $265,000.

On September 23, 2020, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Mr. Wieland Kreuder consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

 

Mr. Wieland Kreuder, age 46, has worked at FiveT Capital AG, Zurich, for thirteen years. He was an Executive Vice President from October 2007 to April 2014, and a Director from May 2014 to the present. Mr. Kreuder was an equity specialist trader at Baader Bank AG, Munich, from April 2004 to September 2007. He has a Master Degree in Economics from the University of Hohenheim

 

 



9/24/2020 Update:
*Recent flurry of filings at NVSOS, SEC, and Clark County Courts throughout August and September
*Custodian discharged and all future claims barred at Clark County Courts: clean Lazar shell ready for merger
*Per the 10-K, Oustanding Shares approximately 83% Insider Owned by Lazar and former CEO, G. Landon Feazell
*Insiders sold zero shares since Lazar took custodianship, including on recent run to .0189
*9/10/20 Certificate of Designation filed at NVSOS
*9/23/20 10-K/A filed with SEC
*On high alert for merger news/filings





Update - September 18: A saavy researcher found an important SEC disclosure provision: a company, upon appointing a new executive officer, can delay the 8-K until it issues a press release, meaning it's still possible a change of control took place Thursday, September 10th:



Update - September 17: Still no Form 4s filed with the SEC, meaning that even on Monday's run to .0187, insiders sold zero shares. The Sept. 10 Certificate of Designation at NVSOS is still a mystery: no 8-K yet, but also no increase in preferred shares at NVSOS. One of the following is likely, but there's no way to know yet which is correct: 1) Lazar transferred his Preferred Stock control bloc, but we've not yet seen an 8-K for an unknown reason, or 2) there was a new issuance of Preferred stock, either to new officers or to Lazar himself, but for an unknown reason the increase to preferred shares is not yet reflected at NVSOS. Still on high alert for merger news.

Update - September 16: To date, no Form 4s have been filed with the SEC since Lazar took custodianship in December. A Form 4 is required within 2 business days if beneficial shareholders sell any shares. This means that even on the Monday run to .0187, insiders sold no shares. Feazell/Starslide GHC have held those shares for almost a decade.

Update - September 10, 2020 (after hours): NVSOS UPDATE: Certificate of Designation filed.
This filing means the issuance or transfer of Preferred Stock has taken place, which almost certainly means the merger has closed and Preferred Shares have been transfered and/or issued to the CEO of the incoming merger company. From all indicators the merger is complete. Now awaiting confirmation via 8-K filed with the SEC and/or update of Officers via NVSOS. They have 4 business days to file the 8-K after a material event affecting shareholders, so if the Certificate of Designation was indeed an indicator that the merger is complete, we can expect the 8-K to be submitted by Wednesday after hours. If submitted after 5:30PM eastern Wednesday, it would be published Thursday morning. [Edit Sept. 18: see above - there's an SEC provision indicating the 8-K can be delayed until the press release, i.e. no 4-day requirement.]

News - September 9, 2020 (after hours): NVSOS UPDATE — OS updated to reflect the July claim settlement (50M shares - previously disclosed in July) plus just approximately another 14M shares. New OS = 2.55B (was 2.486B). Previous AS was 2.5B, not enough to accomodate those extra 50M shares. AS now increased to 2.75B, just a 9% increase. NVSOS updates after Custodian is discharged are usually predictive of a very imminent merger.

$QUTR August 29, 2020 summary (see below for recent news in reverse-chronological order):

*David Lazar acquired custodianship same day as SOL*. He's now officially CEO.

*83% insider owned, 70% of common shares restricted (per filing:re)

*Lazar owns 777M common shares (restricted).

*Almost 1.3B common shares (all but 235M restricted) are owned by former QUTR executives

*Motion to Terminate Custodian filed with Clark County Courts Aug. 22, 2020 (granted Aug. 13)

*Case Status changed to "Closed" at Clark County Courts Aug. 25, 2020

*NVOS last updated Aug. 21, 2020

*Pink Current: 10-K with audited financials and timely 10-Q filed in July 2020

*Process to resolve claims/bar future claims completed at Clark County Courts July 2020

*Clean shell: only debt is small interest-free loans Lazar made to QUTR (see 10-Q July 2020)

*All requisite court decisions and filings prior to a merger have been completed.

*Float/unrestricted shares just 741,771,690. The other 1,744,308,310 shares are insider & restricted.

*On high alert for merger-related filings via SEC/OTC Markets/NVSOS

Merger News - September 10, 2020 (after hours): NVSOS UPDATE: Certificate of Designation filed.
This filing means the issuance or transfer of Preferred Stock has taken place, which almost certainly means the merger has closed and Preferred Shares have been transfered and/or issued to the CEO of the incoming merger company. 

News - September 9, 2020 (after hours): NVSOS UPDATE: New OS/AS to accommodate 50M shares from July claim settlement (previously disclosed) plus approximately another 14M shares. New OS: 2.55B (about a 2% increase—this was previously disclosed in July/August). AS now 2.75B, only a 9% increase.

News - August 25, 2020: Clark County Courts Notice of Entry of Order to Discharge Custodian entered.

News - August 22, 2020: Clark County Courts Case Status changed from "open" to "closed."

News - August 22, 2020: Order to Discharge Custodian filed at Clark County Courts, the last bit of housecleaning necessary prior to a merger.

News - August 21, 2020: NVOS updated to reflect small increase in OS (just 50M or +2%), presumably to accommodate the exactly 50M shares that settled the sole valid claim in the Motion to Resolve/Disallow Asserted Claims and Disallow Future Claims back in July. This was Lazar's first NVSOS update for QUTR since April 2020. Similarly, he made an August NVSOS update (his first since April) on SOL*, and closed that merger just 5 days later. SOL* ran from 002s to a 40 cents per share over the course of the custodianship-through-merger (which closed 8/10), and after a dip is back near 24 cents per share as of 8/28. Now on extra-high alert for $QUTR merger news.

News - August 13, 2020: Motion to Terminate Custodianship Granted Early (court date was August 17th, but that date was vacated and the motion granted on August 13).
Lazar is now officially CEO of $QUTR. On watch for new incoming reverse merger.


News - August 5, 2020: QUTR is Pink Current via OTC Markets.

News - August 3, 2020: David Lazar files 10-Q on time for quarter ending July 31, 2020 showing a clean shell and no liabilities aside from small interest-free loans Lazar is making to the company. AS/OS unchanged.

News - July 21, 2020: David Lazar files 10-K for 2020 and 2019 with AUDITED FINANCIALS showing over 2 Billion, or an outlandish 82.8% INSIDER OWNERSHIP of common shares. Per the 10-K, Lazar owns 777 Million shares. The other beneficial shareholder is Starslide Global Holdings Company LLC, holding company of former CEO Feazell with 1.29 Billion shares
- see page 11 of the 10-K

News - July 6, 2020:  Motion to Resolve Asserted Claims and Bar Unasserted Claims GRANTED https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=txNxL7p0CCYZqYanPlpXeg2&tabIndex=3





 
Older news:
 
 News 03/23/2020: New 15-15D/A Filing at OTC Markets page - withdrawal of suspension of duty to file
(i.e. they're now resuming duty to file, signalling that filings may be forthcoming). 
https://www.otcmarkets.com/filing/html?id=14023598&guid=fLgWUpTtiu9wX3h

03/02/2020: Removed remaining old company officers from OTC Markets page. https://www.otcmarkets.com/stock/QUTR/profile

 02/05/2020: Lazar's contact info and company officer updated on OTC Markets. https://www.otcmarkets.com/stock/QUTR/profile

01/20/2020: LAZAR MAKES QUTR'S FIRST SEC & OTC MARKETS FILING IN 7 YEARS
FORM 15 (which he always either files himself or which is already on the books prior to custodainship)

01/14/2020 DAVID LAZAR NEWS: NVSOS UPDATED AFTER MARKET CLOSE JANUARY 14, 2020

$QUTR IS REINSTATED & ACTIVE ON NVSOS FOR THE FIRST TIME IN SEVERAL YEARS

 DAVID LAZAR IS PRESIDENT, SECRETARY, TREASURER, AND DIRECTOR OF QUTURE INTERNATIONAL, INC.





-------------------------------------
Lazar Custodianship Granted Dec. 23, 2019




Note: all of the above is presented as opinion only and not as financial advice. All traders should do their own due dilligence and only take financial advice from registered financial advisors.
 
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PostSubject
#11261  Sticky Note OTC Markets updated with latest AS/OS to match horst 10/03/20 04:40:37 PM
#11060  Sticky Note FiveT Capital Holding AG is the *PARENT COMPANY* horst 10/01/20 09:42:14 AM
#10841  Sticky Note Here's the latest (less than 2 weeks ago) horst 09/29/20 08:54:53 PM
#13200   Yes I've seen a few pennies that they Retire43 12/04/20 01:51:15 AM
#13199   I have heard that Schwab now owns T Retire43 12/04/20 01:49:20 AM
#13198   That's because TRAs*turd is a complete rip-off ... molee 12/04/20 01:35:51 AM
#13197   My shares look like a New Born Baby JackAskSlap 12/03/20 10:30:01 PM
#13196   Yep. I no longer care about partial nsomniyak 12/03/20 09:04:36 PM
#13195   Seriously? OTC commission free? T D Ameritrade 6.95! Retire43 12/03/20 08:57:46 PM
#13194   Excellent DD Retire43 12/03/20 08:53:15 PM
#13193   Hoping for real interesting!!!! Retire43 12/03/20 08:37:48 PM
#13192   OTC is commission free for me at Schwab. nsomniyak 12/03/20 08:37:18 PM
#13191   OTC not commission free You buy one share of Retire43 12/03/20 08:29:00 PM
#13190   ..I believe Five T Capital bought fashion company cootcat 12/03/20 08:24:31 PM
#13189   I'll look at my account and see But most Retire43 12/03/20 08:15:51 PM
#13188   8k Shows. ” Born inc. “ Retire43 12/03/20 08:14:08 PM
#13187   Definitely important to understand that 44M PLUG sale Gaskan 12/03/20 06:35:18 PM
#13186   Been out of the net for awhile pm inforthemoney2 12/03/20 06:30:28 PM
#13185   I am def going to wait. I just toncatmad 12/03/20 06:06:48 PM
#13184   Imo, it might be worth just waiting a horst 12/03/20 05:15:34 PM
#13183   If its biofuels I am running for the hills. Chimp messiah 12/03/20 04:33:51 PM
#13182   Just speculating hahaha Rusty586 12/03/20 04:26:05 PM
#13181   http://born-global-inc.com Rusty586 12/03/20 04:25:37 PM
#13180   Sounds delusional is my middle name. splintered sunlight 12/03/20 04:05:54 PM
#13179   Sounds delusional, they’re a portfolio manager not a Flippingflip 12/03/20 03:59:14 PM
#13178   Complete speculation is my middle name!!!!!!!!!!! splintered sunlight 12/03/20 03:17:25 PM
#13177   Jean-Christophe Chopin (CEO of Born) JamesBuniak 12/03/20 03:13:18 PM
#13176   .... ok.. some more connections JamesBuniak 12/03/20 03:03:23 PM
#13175   Here's the linkedin JamesBuniak 12/03/20 03:02:17 PM
#13174   Does anybody have an email address for the splintered sunlight 12/03/20 02:52:00 PM
#13173   Possible For $BRRN BORN, Inc Com JamesBuniak 12/03/20 02:48:51 PM
#13172   So the current hypothesis is that they are Flippingflip 12/03/20 01:58:33 PM
#13171   It's changing to BRRN within 20 days of horst 12/03/20 01:50:42 PM
#13170   I'm willing to buy in a lot in splintered sunlight 12/03/20 01:49:09 PM
#13169   That’s what most said about an rs...surprise! Don’t RebelHop 12/03/20 01:45:04 PM
#13168   E*TRADE still shows QUTRD. Who do you trade with? maggco 12/03/20 01:34:27 PM
#13167   too slow... CaoPanShou 12/03/20 01:20:45 PM
#13166   I just noticed that the new ticker symbol horst 12/03/20 01:05:11 PM
#13165   The ask just came back on at 4.25 maggco 12/03/20 01:01:50 PM
#13164   I suggest you buy as much as you splintered sunlight 12/03/20 12:57:54 PM
#13163   My E*TRADE account just went 00 for bid maggco 12/03/20 12:53:55 PM
#13162   IMHO there's about a 0 chance of buying splintered sunlight 12/03/20 12:53:17 PM
#13161   Darn, I was hoping to pick up some Imagineer66 12/03/20 12:46:57 PM
#13160   Lol screenshot that and see if you can RCRanger03 12/03/20 12:35:18 PM
#13159   BTW I lost $685,000 dollars in QUTRD overnight. splintered sunlight 12/03/20 12:23:59 PM
#13158   Lol I took a huge loss a couple N00B90 12/03/20 12:20:57 PM
#13157   Its weird that I have a stock for StockGuy86 12/03/20 12:18:02 PM
#13156   Agree with you 100% Kierut 12/03/20 11:41:00 AM
#13155   Most likely no news until after the symbol N00B90 12/03/20 11:38:42 AM
#13154   Get used to that new volume number. Gaskan 12/03/20 11:21:58 AM
#13153   people are playing they buy one share at ron51ron51 12/03/20 10:56:14 AM
#13152   That's correct. splintered sunlight 12/03/20 10:50:58 AM
#13151   My account shows bid 3.25 ask 4 dollars maggco 12/03/20 10:49:24 AM
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