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.04 up, previous posters suggested $14+ for a pps
?? still in play?
wonder if any of this still applies..escpecially that bottom line? :)
Save on Transport is a Florida based non-asset provider of integrated transportation management solutions, providing brokerage and logistics services such as transportation scheduling, routing and other value added services related to the transportation of automobiles and other freight. Annual gross revenues for the merged entity is expected to exceed $7 Million annually.
Look at chart, traded over $2.50
It looks like the Merged company owns 90%+
man this thing is so thin..if anyone wanted any kind of real bulk..it would be tough to come by without runnin the price up.
imho
mj
PTRA some pretty interesting Pr's to follow I'd have to assume?..
imho
mj
That's what I read. Great 8-k, PTRA Posting first revenues!
looks like r/s is canceled
Amended 8-K Finalizing the Merger with Save on Transport.
wow..almost unreal..who owns all the shares?
imho
mj
Float here is Tight, 1-2m.
whats the scoop..anything of substance going on over here? grabbed a few just in case..shooting first will ask questions starting now..hahal...share structure looking pretty good
imho
mj
Merger was closed/finalized yesterday.
ALERT!! PTRA HAS LOST IT'S WAY WITH THE MERGER IT DID. WAS NOT LOOKING OUT FOR SHAREHOLDERS. BAD MANAGEMENT DECISION.
Looks like one did happen in July of 2015. But that should have no bearing. What we do know is that a lot of preferred stock was issued. Red flag
Yes, but take a look at the filings, they clearly state that a R/S has already happened.
After some digging, it seems it has never happened.
The filings are in my view misleading.
Correct me if I'm wrong, but isn't that the point of preferred stock. Aren't those protected when a reverse split happens?
yes but how does PTRA that was an oil company now is in the trucking business. I understand the RM process but that seems a business that does not seem very profitable. I am very familiar with the trucking business. we use them in our business as subcontractors.
Because it's a RM
FAKE NEWS PTRA you are correct and then after .01's we will be down to .005 and lower. how do you go from being in the oil business to DRIVING trucks.
PTRA has no board of directors that know what they are doing!!!! just another example of FAKE FAKE NEWS!!!!!!!!
just another OTC PUMP and DUMP operation!!!!!!!!
FAKE NEWS PTRA that is all we get. just FAKE NEWS and a FAKE business model. what is PTRA now a hauling contractor. they could not make it in the oil fields so now they are trying their hand at hauling TRASH!!!!!!!!!!!!!!!!!!!!
AGREED what is PTRA doing?? PTRA is a FAKE just like FDIT. just selling for insiders pockets. no real business here. FAKE NEWS PTRA
FAKE NEWS PTRA CRAZY now they are in the trucking business. next week it could be in the candy cane business!!!!
PTRA now in the trucking business CRAZY!!!!!!
PTRA now in the trucking business CRAZY!!!!!!
I would like to believe that.
Isn't it obvious that the RS happened already? Otherwise they wouldn't have less than a million share out before the merger. The float here must be extremely low.
What's strange is that the CEO gave themselves Preferred Shares.
It happened in Jan. 2017 just after the Dec. 31 quarterly.
Well, they can't go and do a reverse split now, can they?
Look at the address in the 8-K:
2833 Exchange Ct
West Palm Beach, FL 33409
This is the same address as the company I mentioned before of Dealers Choice Auto Transport.
Yeah really strange.
8k out. Looks like they issued 114 million shares for acquisition. So it's stated that 115 million shares total now. Company Still not owning up to the fact that an actual RS never took place?
Not looking good for PTRA shareholders
PTRA will do the same thing DRWN did today. just need to wait
Also note that Steve Yariv and his business are located very close to Lawrence Sands' Consulting company in Florida.
So, it is very likely that the Steve Yariv I have found is the one that is taking their company public via PTRA.
Giddy Up.
Either way, this float is very small here and if a company comes in with 7 million in revenues for the year then this might just go back up over time IMO.
Here's the one 4-star rating on Facebook:
I had a negative experience due largely to a subcontractor's poor judgement. Dealer's Choice took full ownership of the situation and, while they couldn't realistically "un-ruin" my Thanksgiving, made it right within the confines of what they could do. Things like this happen one out of a thousand times. Wish it hadn't been me, but having owned a distribution business, I was impressed with the response.
The company and it's CEO mean business and don't screw customers to earn a buck.
This doesn't sound like the average OTC CEO to me.
Here is the Facebook listing for the company:
https://www.facebook.com/Dealers-Choice-Auto-Transport-1549266588683419/
Please note that the company appears to be fairly active on social media.
The company also has a very high star rating (LOL, the CEO gave his company a 5 out of 5, but there are other perfect ratings as well).
This appears to be the new CEOs LinkedIn:
https://www.linkedin.com/in/steven-yariv-81a536b
This appears to be the new CEOs Twitter handle:
https://twitter.com/dealerschoiceat/with_replies
Note that the LinkedIn profile lists Dealers Choice Auto Transport as his company (he is Presidnt).
Here is the link to his company's website:
http://www.dealerschoiceautotransport.com/
Yesterday was the first over 1 Million shares traded day since 2015.
Let's see what happens now.
Whoever prepared q probably took the companies paperwork that they filed With Nevada as proof of actual RS. But, it may have never actually happened with FiNRA.
From recent q: so possibly it's 28 million. Strange.
Stock Split
On November 22, 2016, the Company filed a Certificate of Change with the Secretary of State of the State of Nevada to effect a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1 for 30 (the “Reverse Stock Split”). Upon the effectiveness of the Reverse Stock Split, the Company’s issued and outstanding shares of common stock was decreased from approximately 28,323,588 to 944,120 shares, all with a par value of $0.001. The Company has no outstanding shares of preferred stock.
Accordingly, all share and per share information has been restated to retroactively show the effect of the last three Reverse Stock Splits.
In addition, the Company increased authorized shares of common stock from 40,000,000 to 500,000,000 shares and its authorized shares of preferred stock remained at 4,000,000 shares.
I bought on the pullback thinking 1 Million shares (or thereabouts).
Maybe like 5 or 10 Million.
Over 100 Million - like someone posted earlier - wasn't even in my thoughts.
When the stock continued down and someone mentioned over 100 Million I had to do my own digging.
Yeah, at this point it looks like the company made it seem like a R/S happened when it did not.
Of course, I could be wrong. But so much points to an R/S and yet there is no record on otcmarkets other than the 944,120 on the profile page.
Which may be false.
Yuck. Trades should be reversed here, there is some very conflicting information and multiple filings by not only the company, but by outsiders as well.
I even looked in 10q at right under 1 million. This would be on company, imo. The ownership filing probably just pulling from the q
lol. That's crazy. That's a game changer for sure. I played this today fully thinking 1 million shares. Your shares never split??
Maybe I should just be quiet and tell everyone else this has 1 Million shares outstanding as well.
Who cares what I do when KCG perpetuated the belief as well?
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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