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I presume so. One should contact the company for an elaboration.
So that's what's paid out automatically?
The company has gone private so the stock cannot trade. Shareholders receive .018 for all shares pre-reverse split. The company will remit .018 per share to each shareholder's brokerage account.
Good or bad? I know now locked up if holding but what about coming back active under new symbol. Also those are some serious numbers structure is small after that.
Def some of the craziest stuff I've seen. Is this good or bad I have no idea? Seems like a lots going on why would they go private again usually a good sign, right? To an extent but funds locked or starting new symbol after the forward. Hmmm
2.5 mill RS then a 25k-1 FS then Private Shareholders get .018
That is pretty amazing... I have never seen that in Penny Land..
SRTI: Company going private. 1 for 2,500,000 Reverse Split followed by 25,000 for 1 forward split. SRTI shareholders will receive $0.018 per share on a pre-reverse stock split basis. Symbol will be removed from trading.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Website is active wonder what will come to...
Tick tock peeps accumulate was above $62.00 now a .014 technically over 60,000% not like it will happen.
IPO was great 30-46 on almost 9 million volume
Let's get some news of progress or merger
I think people will be pleasantly surprised with whats going on here.
This is looking like it has a huge catalyst coming been very solid and down so much website is improved
Try GBTC as a real Bitcoin stock
New lows great op to accumulate imo can get lots for nothing at these levels was over $62.00
Great accumulation zone. Extremely low float and any positive movement this flys. 200,000 shares and growing
MC 250k looking good
http://www.srtiblockchain.com/
OTC's 99.9% junk.
Look on NASDAQ & NYSE for real companies.
SRTI's about as junky as they get.
Find some independent stock research books, articles etc...
I want to invest in a real company. Just don’t know where to start.
Are you looking to invest in a real company ?
Or gamble quick $ on a penny scam ?
SRTI is clearly not a real company, like most of the junk in OTC.
Have you read anything about this company? I may not be searching at the right places, but I don’t see anything on this company.
That’s unfortunate. I thought srti was supposed to be a good purchase. Any blockchaining companies to look at?
If you like dark, defunct "companies" delinquent filing since 2012, it's a great choice.
https://www.otcmarkets.com/stock/srti/disclosure
Anyone know what’s going on with the SRTI stock? I’m a beginner and interested in the stock. Is this a good pick?
I absolutely agree! I think this will explode upward once an acquisition/reverse merger with a blockchain company is announced. I actually like the fact that they've been quiet and not trying to pump in any way.
With such a tiny share structure, this will go north fast once something is announced. Look at BCII, it went from 3 cents to $30 once they started announcing their entry into blockchain.
Wow. Obviously very few are aware of this one's existence.. which is kind of surprising because the word blockchain is in the company's name now. It looks to me that this is about to go on a huge run. Patience is really going to pay off.. it's been a long time in the making. Get it while the gettin's good!
SRTI $$$$$
I would imagine they are waiting to complete an acquisition/reverse merger to do that.
Need to get filings up to date. Would make a big difference.
Should really move once they make an announcement. Especially with such a small share structure.
EMAIL REPLY (4/16/2018):
My Question:
Hello - It's been 2 months since your initial announcement of the blockchain name change and business strategy. Could you please provide shareholders with the current status of your progress in effecting this strategy? Thank you.
SRTI Reply:
We will update investors as appropriate.
Alan B. Howe
TD Ameritrade no problem whatsoever.
Who you using to buy this with not all firms let you trade this stock.
Some volume today. Is that you picking some up today?
I like how they haven't pumped at all and just made one quiet announcement and that's it.
Very tightly held by insiders. This could really explode upward once an acquisition, reverse merger, strategic investment, etc is announced.
BCII went from .03 to $30 in a very short period of time.
Let's see if this can do something close to that :)
That is good. May pick up some next week later.
EMAIL REPLY (3/20/2018):
My question:
Hello - It's been about 5 weeks since your initial announcement of the name change and business strategy. Will you be updating shareholders soon on your progress? Thank you.
Company Reply:
We will be updating shareholders when it is appropriate.
Alan B. Howe
At least they're replying :) I don't mind holding and waiting. With such a small float, this could fly with any news of an acquisition, reverse merger, etc.
GTLA!
A bit of volume today and raised bid/ask. Perhaps news may be coming soon?
Nice accumulation at .04. Any news of an acquisition, etc and I believe this will be in the dollar range pretty fast with such a low float and it being so tightly held by insiders.
And I like that the shares were bought at .0355 at the time. So, I assume at least half the float is held by one individual/entity. I also assume insiders hold quite a bit of the other half of the float.
With a substantive PR, this could really fly.
GREAT point! I can't imagine that much money was put into this without some reasonable expectation of a return.
Also, per their PR from 9/2015, it looks like this is very tightly held:
Sunrise Telecom Announces Common Share Transactions
Press Release | 09/25/2015
Sunrise Telecom Incorporated (Pink Sheets: SRTI) (the “Company” or “Sunrise”) announced today that a large existing shareholder of the Company recently purchased an additional 14.5 million shares of the Company’s common stock from other shareholders in negotiated transactions at a price of $.0355 per share.
So, there is one very large shareholder locked in at .0355. That is a very good sign to me. I assume they now want a major return on their investment :)
Sure! It may take a while, but I think this could do really well once a material announcement is made.
Look at BCII, went from .03 to $30 after blockchain announcement :)
We shall see. GLTA!
Thanks for the reply. There seem to be a lot of these plays cropping up and I think there are going to be some great opportunities. Thanks for the info and I agree an all points. I'll be a regular to this board from now on. Thanks for starting and moderating it. GTLA
I researched all available information and became the Mod of the group and updated the ibox. I really like the share structure and tiny float. If you look at the board of directors, there are some pretty heavy hitters who are well entrenched in the tech community and also sit on other tech boards.
I like that they made a quiet announcement and that was it. They aren't trying to pump in any way and the share structure has remained the same.
I think this could fly once an acquisition, reverse merger, strategic investment, etc is made. This seems to move on air with such a small float.
All current details are in the ibox. I'm locked and loaded and will continue to accumulate.
GLTA!
Hello Stock and MegaD. I stumbled across this stock and have been looking for a blockchain/crypto stock to get into. I looked at the company website and it appears they just switched businesses from telecom to blockchain and am curious to know what you guys see in this stock. Do they really have a grasp on this industry? I can't tell what their strategy is and why the leadership of this company can pull this off. Thoughts?
Nice. IMO good time to load up & hold
Based on the three email responses I received today, they definitely sound like they are only going to release news when there is substantive news to release regarding material events. I like that.
Have you looked at the board? They are very well connected. I will continue to accumulate for a long hold here.
Could see some very big gains once an acquisition, etc is announced.
Thanks for sharing info. It's only been 3 weeks since name change, hopefully they want to put out good news and not repetitive fluff.
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SRTI Blockchain Generation Inc., formerly Sunrise Telecom Inc., is focused on the investment opportunities in blockchain technology. The Company intends to make technology investments and strategy developments that leverage the benefits of blockchain technology. The Company was historically engaged in the development of communications test and measurement solutions for the telecom industry.
At the beginning of 2018, the Board of Directors of the old Sunrise Telecom Inc. transformed the strategic direction of the Company to focus on the exploration of and investment in opportunities that leverage the benefits of blockchain technology. Renamed SRTI Blockchain Generation Inc. the Company’s new strategy is based upon years of successful technology investment and strategy development by the board of directors and its current investors. The new company is committed to becoming a meaningful player in the evolution of blockchain technology.
LATEST PR (2/12/2018): Sunrise Telecom Announces Name Change to SRTI Blockchain Generation Incorporated
West Palm Beach, Florida. – February 12, 2018 – Sunrise Telecom Incorporated (Pink Sheets: SRTI) (the “Company”) announced today it is changing its name to SRTI Blockchain Generation Inc, effectively immediately, reflecting the Company’s new strategy which is to commit to becoming a meaningful player in the evolution of blockchain technology. The Company’s new strategy is built upon years of successful technology investment and strategy development by its board of directors and its current investors. More information about the Company and its strategy can be found at its new website www.srtiblockchain.com.
About SRTI Blockchain Generation Inc.: For investor information about SRTI Blockchain Generation Inc.,
please visit: http://www.srtiblockchain.com/
Contacts:
Alan Howe, CEO
srtiblockchaininfo@srtiblockchain.com
Previous PR (9/25/2015) - Sunrise Telecom Announces Common Share Transactions
Sunrise Telecom Incorporated (Pink Sheets: SRTI) (the “Company” or “Sunrise”) announced today that a large existing shareholder of the Company recently purchased an additional 14.5 million shares of the Company’s common stock from other shareholders in negotiated transactions at a price of $.0355 per share.
Previous PR (6/5/2017) - Sunrise Telecom Incorporated Announces Extension of Stockholder Rights Agreement
WEST PALM BEACH, Fla., June 5, 2017 /PRNewswire/ -- Sunrise Telecom Incorporated (SRTI) announced that its Board of Directors has approved an amendment to the company's Restated Rights Agreement dated June 10, 2014 (the "Rights Agreement). The amendment extends the term of the Rights Agreement by three years. The purpose of the Rights Agreement is to help protect the Company's net operating loss carryforwards ("NOLs"), which can be used in certain circumstances to offset future taxable income and reduce the company's federal income tax liability.
Share structure as of 4/30/2018:
A/S: 175,000,000
O/S: 50,977,770
Restricted: 16,230,821
Float: 34,746,949
https://www.otcmarkets.com/stock/SRTI/security
Directors:
Alan B. Howe
Eric Fangmann
Lee Gopadze
Lloyd I Miller IV
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