Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hopefully they will disclose their ultimate plan for TCNT soon.
I know they are very non-commital regarding the future...... but it just makes sense to me regarding the proposed projects and investment capital.
Possibly a set follow on private offering to their investors at prices hopefully much higher that $1.00.
Surprised to see almost no buying interest here for now. Should change again as soon as they are current again or come out with further plans IMO.
If they acquire a company, funds can come from the acquired company, but where will the money to acquire the company come from?
Don't you have any fear that once they become current, they may need to raise some capital via a stock offering?
Where is the money for operations going to come from?
If they acquire a company, funds can come from the acquired company, but where will the money to acquire the company come from?
Me too, added a few today
I assume they will bring something very good in here and move to Nasdaq quickly, won't be too hard with this SS if they get some good revenue producing company or assets into this. Otherwise why re-ignite this dead ticker after not filing 10k's for a long time and while you need to go through all the hassle associated to do it? That's the bet. I have a good feeling and I like the bet. We will see.
If you look at those bio's it should be something good
Gang Ding
Mr. Ding is a founder and executive officer of a number of companies in Asia, Europe, Australia and North America including Shanghai Bading Property Development Co. Ltd., Macao First Global International Co., Hong Kong Global International Co., Bading (Hong Kong) Company, Global International (Australia) Co., Australia First International Investment Co., Australia First International Resources Co., Canada First Source International Co., First Global International Investment Group Inc., First Global International Trading Group Inc., Europe & Australia Investment Group and BDK Capital, LLC. Mr. Ding has over 20 years of real estate development and investment experience and has invested in various fields around the world, including real estate, energy, mines, old city renovation and other projects that are synergistic with his other investments. Mr. Ding is a managing member of BDK. Mr. Ding’s valuable entrepreneurial, management, and real estate related experience provide him with the qualifications and skills to serve as a director of the Company.
Kin Hui
Mr. Hui is the owner and manager of a group of companies commonly known as the Singpoli Group, an association of independent companies that specialize in real estate investment and development. Singpoli deals largely with major commercial, office, and retail properties in Los Angeles County, Orange County and Silicon Valley. As the founder and CEO of Singpoli Construction in 1992, a managing partner of Singpoli Investment, LLC in 1992, a founding partner and President of Pacific Design Group in 1997, and a managing member of Singpoli Pacifica, LLC in 2007, Mr. Hui has a proven record of successfully establishing and managing real estate portfolios and related businesses. Mr. Hui is a managing member of BDK. Mr. Hui’s decades of experience with executive management, real estate development and investment provide him with the qualifications and skills to serve as a director of the Company.
William Chu
Mr. Chu has served as the Chief Financial Officer of Singpoli Capital Corporation since 2009. Prior to joining Singpoli, Mr. Chu had a distinguished banking career that spanned from New York, Little Rock, San Francisco, Los Angeles to Las Vegas, having served as President and Chief Executive Officer of First Asian Bank and United Pacific Bank, the President and CEO of the Los Angeles Community Development Bank, as well as a senior executive at East West Bank. Mr. Chu is a certified public accountant and has an MBA degree from the University of Southern California. Mr. Chu’s financial knowledge and banking experience provide him with the qualifications and skills to serve as a director of the Company.
Frank Lin
Mr. Lin has served as the Vice President and Public Relations Director of Shanghai Bading Property Development Co. Ltd. since August 2002. Mr. Lin has supervised a great many largescale real estate investment and development projects around the world including the development of the Shanghai Citigroup Tower in Pudong District, which became a landmark building for Shanghai in 2005, the purchase of the exploration and development rights for a 15,500-square-kilometer oil & gas site in Australia, the purchase and renovation of high-end polish properties in and around the downtown area of Lisbon, Portugal, the restoration and renovation of the historic Constance Hotel in the City of Pasadena in the United States and the development of the 450-unit Landmark Tower condominium in the City of Milpitas in the heart of Silicon Valley. Mr. Lin’s substantial executive management experience and his experience in business development give him the qualifications and skills to serve as a director of the Company.
And only 14 shareholders on record at the time period of the 10K.
Very curious to see how things play out here.
10k out
Currently, the Company has no agreements, whether written or oral, with any individual or entity, to act as a finder for the Company. However, at the present, we contemplate that our majority stockholder, BDK Capital Group, LLC (“BDK”), or certain of its affiliates may introduce a business combination target to us.
It is possible that the range of business opportunities that might be available for consideration by the Company could be limited by the impact of Securities and Exchange Commission regulations regarding purchase and sale of “penny stocks.” The regulations would affect, and possibly impair, any market that might develop in the Company’s securities until such time as they qualify for listing on NASDAQ or on another exchange which would make them exempt from applicability of the “penny stock” regulations.
It‘s absolutely clear that this is just a few retail guys as I said.
I highly doubt it.
https://www.otcmarkets.com/filing/html?id=13096058&guid=l8xbUHeaQYMii3h
7,100,000 shares of common stock were issued and outstanding as of December 5, 2018
https://www.otcmarkets.com/filing/html?id=11818185&guid=l8xbUHeaQYMii3h
7,100,000 common shares issued and outstanding as of January 17, 2017.
This is approximately 230,000 shares in the public float....
The Company does not currently engage in any business activities that generate cash flow. During the next twelve months we anticipate incurring costs related to:
(a) filing Exchange Act reports, and
(b) investigating, analyzing and consummating a business combination.
We believe we will be able to meet these costs through use of funds in our treasury and additional amounts, as necessary, to be loaned to or invested in us by our controlling stockholder, management or other investors. As of the date of the period covered by this report, the Company has $51,727 in its treasury. There are no assurances that the Company will be able to secure any additional funding as needed.
Might we be seeing the first instance of some dilution?
I got some more at 1.00. I guess they want to be current because they are ready to move some assets in.
I got some more at 1.00. I guess they want to be current because they are ready to move some assets in.
I'm not so sure is retail selling.
OTCX is on Bid and Ask today.
Might we be seeing the first instance of some dilution?
So now people are selling for the same prices or even lower as when the stock was dark with no idea if they will ever put out anything again. Just that they are almost current now.
5 financial filings (quarterly and annual) in the past month.
3 more quarterly filings pending and they will be current.
Gang Ding is also an advisor to the Drucker School Board. Advisors are a group of influential volunteers who provide strategic feedback, financial support, and networking opportunities to the Drucker School. Their commitment is for 3 years.
Thanks for the notification. This one is for Qtr ending Aug 2017.
Getting closer to current.
No word of "convertible notes" in the Q That's good.
I do see OTCX on L2 though.
Wonder if that is a sign of things to come.
Yeah saw that. Kinda illogical to sell at this price now when they start to file again. But then again who knows.
Something is coming that's almost for sure because they wouldn't get current with all the hassle if they have nothing to go for. Question is only what exactly.
Very tiny.
O/S.........7,100,000
Float.....230,000
The float is so low it really is inconsequential. No reason for a reverse as BDK Capital already owns approximately 97% of outstanding shares.
If the two projects previously mentioned on this forum are what the TCNT shell will be used for.... Those two projects in Milpitas, CA and West Covina, CA will be approximatley $500 Million.
Singpoli has access to significant net worth investors.
They could set a TCNT private placement at whatever price they choose. My thoughts are they would still keep the equity low.
Just wishful thinking, but imagine if they set their private placements for their investors at $10 per share or $20? Maybe 50 Million shares for at $10 or 25 Milion at $20. I can't imagine that Singpoli and BDK executives would purchase almost 100% of all the equity only to dilute a billion shares.
These guys seem intent on building a valid company.
It may just be very wishful thinking on my part but it is not out of the realm of possibility. Currently this is all speculative that TCNT will even be involved in these BDK & Sinpoli Projects. But it seems like a valid and legitimate possibility for TCNT to be used at the investment vehicle to move forward with these projects.
Got my fingers crossed.
10Q filed. Soon current. Tiny SS.
Milpitas, CA City Council gives Property Developer additional time to raise capital for twin tower projects.
https://www.mercurynews.com/2018/06/07/council-gives-developer-more-time-to-find-money-for-massive-twin-towers/
BDK Capital said in its letter to the city that if the extension is granted, construction could start by early 2019 and the Towers could be completed by early 2021.
Gang Ding
Mr. Ding is a founder and executive officer of a number of companies in Asia, Europe, Australia and North America including Shanghai Bading Property Development Co. Ltd., Macao First Global International Co., Hong Kong Global International Co., Bading (Hong Kong) Company, Global International (Australia) Co., Australia First International Investment Co., Australia First International Resources Co., Canada First Source International Co., First Global International Investment Group Inc., First Global International Trading Group Inc., Europe & Australia Investment Group and BDK Capital, LLC. Mr. Ding has over 20 years of real estate development and investment experience and has invested in various fields around the world, including real estate, energy, mines, old city renovation and other projects that are synergistic with his other investments. Mr. Ding is a managing member of BDK. Mr. Ding’s valuable entrepreneurial, management, and real estate related experience provide him with the qualifications and skills to serve as a director of the Company.
Kin Hui
Mr. Hui is the owner and manager of a group of companies commonly known as the Singpoli Group, an association of independent companies that specialize in real estate investment and development. Singpoli deals largely with major commercial, office, and retail properties in Los Angeles County, Orange County and Silicon Valley. As the founder and CEO of Singpoli Construction in 1992, a managing partner of Singpoli Investment, LLC in 1992, a founding partner and President of Pacific Design Group in 1997, and a managing member of Singpoli Pacifica, LLC in 2007, Mr. Hui has a proven record of successfully establishing and managing real estate portfolios and related businesses. Mr. Hui is a managing member of BDK. Mr. Hui’s decades of experience with executive management, real estate development and investment provide him with the qualifications and skills to serve as a director of the Company.
William Chu
Mr. Chu has served as the Chief Financial Officer of Singpoli Capital Corporation since 2009. Prior to joining Singpoli, Mr. Chu had a distinguished banking career that spanned from New York, Little Rock, San Francisco, Los Angeles to Las Vegas, having served as President and Chief Executive Officer of First Asian Bank and United Pacific Bank, the President and CEO of the Los Angeles Community Development Bank, as well as a senior executive at East West Bank. Mr. Chu is a certified public accountant and has an MBA degree from the University of Southern California. Mr. Chu’s financial knowledge and banking experience provide him with the qualifications and skills to serve as a director of the Company.
Frank Lin
Mr. Lin has served as the Vice President and Public Relations Director of Shanghai Bading Property Development Co. Ltd. since August 2002. Mr. Lin has supervised a great many largescale real estate investment and development projects around the world including the development of the Shanghai Citigroup Tower in Pudong District, which became a landmark building for Shanghai in 2005, the purchase of the exploration and development rights for a 15,500-square-kilometer oil & gas site in Australia, the purchase and renovation of high-end polish properties in and around the downtown area of Lisbon, Portugal, the restoration and renovation of the historic Constance Hotel in the City of Pasadena in the United States and the development of the 450-unit Landmark Tower condominium in the City of Milpitas in the heart of Silicon Valley. Mr. Lin’s substantial executive management experience and his experience in business development give him the qualifications and skills to serve as a director of the Company.
That sounds pretty good and I expect fireworks here sooner rather than later after they started filing again now.
Kin Hui San Gabriel Valley CEO of the year.
https://www.youtube.com/watch?v=sKmPg7Vb-Mk
My first paragraph didn’t sound right....
To clarify....
But I believe TCNT will be used as a vehicle for foreign investors in US properties.
This is only my opinion, because I have not seen any documenation pointing to this.... But it makes sense with all the timing of what is occurring. But I believe TCNT will be used as a vehicle for foreign property investment.
So as mentioned previously on this forum..
The company that acquired TCNT is BDK Capital.
Here is TCNT's corp info on the Nevada Secretary of State website.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=heI0M%252fpkpVSJGAfuh%252bU9AQ%253d%253d&nt7=0
Singpoli Executives..
http://www.singpoli.com/executive-team/
BDK Capital is co chaired by Dr. Gang Ding and Kin Hui. BDK shares office space and of course shares executives with Singpoli.
Video on Dr. Gang Ding:
https://www.pasadenastarnews.com/2018/02/16/here-are-the-projects-aiming-to-lure-more-tourists-to-the-san-gabriel-valley/
Pasadena-based Singpoli Group is proposing to build a mixed-use project on the site of the former BKK landfill in West Covina. It would include a 270-room luxury hotel with more than 20,000 square feet of meeting and banquet space, a horse training track with an event space and amphitheater, 1,400 horse stalls, more than 200 employee dormitories with a cafeteria and recreation center.
The project, according to spokesman Frank Girardot, CEO of Pegasus Communications, would also feature a zip line and aerial adventure park, a 5.2-acre virtual reality park, a K-9 training facility and solar greenhouse facilities.
The developers are still in negotiations with the city. The project, which has received mixed reviews at public meetings, has not been approved yet and it is not clear yet whether it is environmentally feasible for the site.
“This proposal is multifaceted,” Girardot said. “It’s a huge space and has tons of potential. And what’s really cool is that the view there looks out all over the entire Los Angeles region. You can see the city, and on a clear day you can see Catalina Island.”
Agreed. Expect more filings soon
They filed the 10k/A today. Now they have presented the consent of the previous auditor and the consent of the current auditor and their opinions. All of that was a lot of hassle to go through. Would have been easy to just let it go alltogether. Therefore IMO there is a good reason for them to go through all of this. They should also be back to current soon I figure.
https://www.otcmarkets.com/filing/html?id=13075896&guid=Zt_bUHhRQLOYeth
TCNT Share Structure
Float.....230,000
O/S.........7,100,000
Nevada Secretary of State
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=heI0M%252fpkpVSJGAfuh%252bU9AQ%253d%253d&nt7=0
Address same as Singpoli address:
25 E Foothill Blvd
Arcadia, CA
http://www.singpoli.com/contact/
TCNT Officers are same as Singpoli officers
Treasurer/CFO....... William Chu
Director/President.... Kin Hui
Director/CEO.......... Gang Ding
Dr. Gang Ding video:
Better sell 100 shares to $1.47, next is $1.1
Y’all are stuck, no one buying you out
Volume 2700 lololol... a real winner this one
Link back to some DD
Some prior posted links
http://www.westcovina.org/Home/Components/News/News/2352/17?backlist=%2F
He is just mad because I posted something on one of his stocks.
Someone bought 300 shares - wow, big time!
Followers
|
16
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
804
|
Created
|
08/13/15
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |