$RAFX Richard Chiang listed on board, 560,017 OS.
It is also a Shell, likely the reason Richard is on the board. Suspect much of the information below is in play. Looks like a Natural Hydrogen play, time will tell.
In a nutshell, 3 companies involved here and only one - $RAFX is a public company in the US where there is just shy of 4,000 acres of exploration leases to extract Natural Hydrogen in the JD and Russell Brimage looks like the linchpin.
1) $RAFX Shell status - US OTC public company - https://www.otcmarkets.com/stock/RAFX/profile
2) $HYT Active status - Australia ASX Exchange - https://hyterra.com
3) Natural Hydrogen Energy LLC - http://nh2e.com/
Russell Brimage is President of $RAFX and has leadership roles in other companies as well. Last August he was listed as a Non-Executive Director (Proposed) for on (ASX: HYT). As of Nov 2022, he is now the Non-Executive Chairman of HYT. A potential Natural Hydrogen RM of sorts into RAFX is a high probability. https://hyterra.com/home/#management-team
From .15 to .0221 in 2 days. Absolutely ridiculous. Market cap now barely over $1M. Split or not I think this is a bit overdone. What would happen if they canceled the RS at this point? (Not that I'm expecting that) but seriously this is priced for bankruptcy rather than a new business. Majority of the free trading float already traded.
Look under history: Name change and other
Agree, with the soon to be ss any good news and it will soar.
Damage is already done. I'm still digesting all of this. I'm hoping they have a plan in place moving forward.
These incoming execs have 40 years experience I imagine they aren't as dumb as this looks at face value. Hope they have some sort of plan.
Is there any point to hold through something like this? I mean I'm down huge at this point
Yeah too bad, I was in MCAP when they announced a RS with an already tiny ss and decided to hold and see what happens and ended up making money hoping same here even if it means breaking even better than a loss, we’ll see.
Unless they want to list on the nasdaq it literally makes no sense
W/Russell Brimage as Pres, CEO, Chair of $SAKH and listed on (ASX: HYT) as a Non-Executive Director (Proposed), keyword = Proposed, a potential RM marriage appears may be likely.
https://hyterra.com/home/#management-team All speculation at this point, but allot of dots to connect.
Then there's the third entity, Natural Hydrogen Energy LLC that appears to be in play as well as a JD... "HyTerra has acquired a 10% interest (and the right to earn up to 51%) in a Joint Development Agreement with Natural Hydrogen Energy LLC. The Joint Venture includes the worlds first wildcat well specifically targeting natural hydrogen (Hoarty NE3) as well as 3,891 acres of exploration leases across Nebraska and South Carolina. The Hoarty NE3 well and surrounding lease holdings are located near Geneva city in Nebraska, USA and are known as Project Geneva. " https://hyterra.com/home/#projects
With the oil roadblocks, the focus on Green / renewable energy, the benefits of Natural Hydrogen and Helium concentrations that can come with Hydrogen, very scarce resource and its reserves are limited. Demand is growing faster than current supply http://nh2e.com/. The hydrogen extraction process can leverage previous work on fossil fuel drilling is my understanding as well. That, plus $SAKH having a low OS and a 3 million share float, had to take a position here.
Natural Hydrogen is new to me. Hyterra puts it in perspective...
The urgency to decarbonise has created unprecedented political support and business momentum for hydrogen. HyTerra aims to capitalise on this opportunity by accelerating the development of natural hydrogen, an inexpensive, clean, and sustainable source. A successful hydrogen well has the potential to produce for decades and at a lower cost than renewable energy and electrolysis (green hydrogen) or via extraction from fossil fuels (grey hydrogen). https://hyterra.com/home/#projects
new ceo is tied to a 2$ nasdaq seen here HYZN https://www.listcorp.com/asx/lio/lion-energy/news/lion-enters-into-mou-with-blk-auto-2627309.html
both of companies Lion and neutralysis, are connected neautralysis is becoming Hyterra, float locked and nobody selling
Thanks for info …wouldn’t that be great! :)
CEO and CFO both linked to Neutralysis Industries in Australia. Looking more and more like this is going to be a hydrogen play.
Technically controlling block has already transferred to Rafex Pty Ltd per most recent filing. The question is, what are they going to be as that's a privately held company. Very interested to see how this develops.
Could get exciting
Quarterly Report. Final page: Preferred Stock 100k shares "In May 2022, Tech Associates Inc. transferred its shares of preferred stock to Rafex Pty Ltd" Aussie company. New listed President is an Aussie. FWIW
Annual report filed yesterday with Wyoming. Filed early and lists new officers.
Actually check that. Less than 10% of the float at 3.5 mil. Still hoping for some good things here. Was just having an impatient moment as I was fairly confident we would get an update by now.
Maybe will move forward tomorrow or next year. Based on minor updates, chance shell will be sold soon but only speculation. I'll continue to hold some but not alot.