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Common sense to me says whatever is happening is good.Company/stock was dead/Market expert and is currently Pink/current.
They raised over $300k from lenders to get current with their fins for a reason.
Bit more patience.
Debt is now settled. For anyone to take over and merge into this shell there has to be share restructuring....I expect that to also happen soon.
No idea, nor do I care about that. I care about WHO will be merging.
Gonna try and buy some .00001
Here we go
I bet we get news SOON....IMO
Whatever is happening now, the lowest it can go is .0001
Reverse Merger coming. IMO
Someone else got'em instead. Keep it @ .0002
You must have got some 2's today, right?
Tommy, you're still here? 😂 I'll put it this way......Too much time & $$$ invested in TLSS to fail. Merc has over $2m of his own money in the company, along with friends & family owning shares at very high prices.This will either go back to .0001 or break .001IMO
Copied From Yahoo Finance Transportation and Logistics Systems, Inc. (TLSS) appears defunct, but recent filings suggest behind-the-scenes restructuring. Former CEO John Mercadante, despite past failure, may be quietly orchestrating a comeback or reverse merger. The creation of Series J Preferred Shares and amended bylaws hint at preparations for control transfer. With no operations but continued trading, TLSS fits the profile of a speculative shell in motion. If confirmed, it could trigger a classic OTC narrative run — high risk, high reward.
Only thing that makes sense at this point is a Reverse Merger. With whom.... that's the million dollar question...🤑
Lending institutions must know something that we don't for them to keep lending $$$.
It hit .0004 😂
JUPITER, FL / ACCESSWIRE / March 25, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)("TLSS", or the "Company"), an eCommerce fulfillment service provider, today announced that on March 24, 2021, the Company acquired all of the outstanding stock of Cougar Express, Inc., a New York-based full-service logistics provider specializing in pickup, warehousing and delivery services in the tri-state area over the past 30 years ("Cougar Express"). Cougar Express' annual revenues have averaged approximately $4.0 million a year from 2018 to 2020. Acquired on a debt-free basis, the purchase price was $2,000,000 of cash and a promissory note of $350,000 ("Cougar Acquisition").
According to Mr. John Mercadante, TLSS Chairman and CEO, "The overwhelming success of our restructuring efforts has paved the way for the Company to begin its revamped acquisition and growth strategy. On the heels of the recent acquisition of the operations of Double D Trucking, the closing of the Cougar Acquisition brings on board another long-established, well-run, profitable business."
In addition, the Company closed an equity financing that provided gross proceeds of $2,300,000, the majority of which was utilized to fund the cash portion of the Cougar Acquisition. Under the terms of a Securities Purchase Agreement, the Company issued to certain accredited investors in a private placement an aggregate of 197,044 units (the "Units") at a purchase price of $11.67 per Unit (including a 12.5% original issue discount), each consisting of one share of Series E Convertible Preferred Stock of the Company, par value $0.0001 per share ("Series E Shares"), and warrants to purchase 1,334 shares of common stock of the Company, par value $0.0001 per share ("Common Stock"), at an initial exercise price, subject to adjustment, of $0.01 per share.
About Transportation and Logistics Systems, Inc.
TLSS, through its wholly-owned operating subsidiaries, Shypdirect LLC, and Cougar Express, Inc. operates as a full-service logistics and transportation company.
For more information, visit the Company's website, www.tlss-inc.com.
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