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Bueller, sounds extremely encouraging, sounds like we are close!
Thank you for posting!
$RGLG
Quick update from Watkins. They are making progress accelerating the (traditionally very slow) FINRA review of filings.
Watkins and the Entrex team are all over it!
$RGLG
Amended Statement 8K Form Release:
Not much here, just a correction of filling.
https://www.otcmarkets.com/filing/html?id=17257077&guid=nNd-k6EIXgxPB3h
8-K 1 form8-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 8, 2024
UHF LOGISTICS GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada
001-363598
84-2099590
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
150 East Palmetto Park Rd, Suite 800, Boca Raton Fl 334323
(Address of Principal Executive Offices)
(561) 465-7580
(Registrants Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2
(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]
Item 1.01. Restatement of pre-merger financial statements.
General
UHF Logistics Group, Inc announces a planned restatement of financial statements for periods prior to the merger of Entrex Carbon Market, LLC which closed with UHF Logistics Group, Inc on 04/28/2023.
Current management shall use a closing date (04/28/2023) Balance Sheet, attached, which the pre-merger Board representative believes represents the entity at the closing of the merger transition.
Statements filed prior to the closing date include Entrex as a subsidiary which is inappropriate pursuant to the LOI executed by the pre-merger UHF Logistics Group, Inc., Board April 07, 2023 which closed April 28, 2023.
Amended Financial Statements will be filed via OTCIQ upon the finalization of Name and Symbol change approval from FINRA.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 12, 2024
UHF LOGISTICS GROUP, INC
By: /s/ Stephen H. Watkins
Name: Stephen H. Watkins
Title: Chief Executive Officer
Hey, I get it. There's not a lot to trust on the OTC, but Watkins is as credible as they come. He couldn't care less about pumping the stock for short term gains. The uplifting is mentioned in the PR and every filing is being made via SEC in order to facilitate the uplisting process. He cannot wait to get out of the OTC and all the BS that comes with it, so he can concentrate on bigger things!
$RGLG Long
I'm a hold here but talk of uplisting and dividends future talk when filings aren't in order is just typical pinky bs. I'd rather not even fluff that out there.
I like that they mention their intention to uplist to QX market in the PR. Watkins has mentioned from Day 1 his intensions to bring Entrex to the New York Stock Exchange and this will be a big interim step to that end.
"We await their verification which will enable us to file the necessary documents to be Pink Current on the OTC market with our intent to uplist to the QX market later this year."
OTC DISCLOSURE & NEWS SERVICE
Entrex Carbon Market’s NewLeaf Project Funding Entity Announces 1 Percent Monthly Dividend Distributions from Carbon Offset Projects
Press Release | 02/06/2024
BOCA RATON, FL / ACCESSWIRE / February 6, 2024 / Entrex Carbon Market, Inc (OTC PINK:RGLG) today announced that its whole owned subsidiary, Entrex NewLeaf, shall initially provide investors 1% monthly returns (12% annually) distributed to NewLeaf investors.
"Interested investors asked us if we could distribute interest payments monthly versus a large lump sum and we feel their request is something we can deliver" said Stephen H Watkins, CEO of Entrex. "Investors have monthly expenses and we feel it only appropriate to offer them monthly income from our ESG projects".
"The Entrex NewLeaf provides its shareholders access to monthly income from a diversified basket of professionally managed US based carbon offset projects" said Tom Harblin, Partner of Entrex Carbon Market. "We feel by offering monthly yield we offer brokers access to an investment product to meet their clients ESG/Green investment interests while supporting their cash flow appetite".
"We see the structure of NewLeaf a win-win for Entrex Carbon Market and NewLeaf yield Investors. The structure today is non-dilutive to the public company yet offers many benefits for investors in both the NewLeaf yield structure and Entrex Carbon Market equity stockholders" continued Watkins. SEC filing available here
"Entrex has filed all requested documents with FINRA for the Entrex RGLG name and symbol change. We await their verification which will enable us to file the necessary documents to be Pink Current on the OTC market with our intent to uplist to the QX market later this year. In the interim we're focused on our NewLeaf project financing which is non-dilutive to Entrex shareholders while providing the projected revenue and profits for 2024" continued Harblin.
###
About Entrex Carbon Market:
Entrex Carbon Market established a leading market to trade securitized carbon offsets. Today the company works with carbon offset project owners to create "compliance grade" carbon offsets which have been institutionalized by Wall Street brand name providers. Today the company works with dozens of carbon projects, each registered and authenticated to provide credible, institutional, securities traded to customers through broker dealers servicing their client's needs.
For further information:
Stephen H. Watkins, CEO
Entrex Carbon Market, Inc
(OTC:RGLG)
(561) 465-7580 or 877-4-ENTREX
SOURCE: UHF Logistics Group-dba Entrex Carbon Markets
$RGLG - Thanks very much Bueller,
I really appreciate your post.
Sounds good!
I spoke with Watkins earlier today, and he mentioned they have been asked for more information from FINRA about RGLGs long history, which they supplied quickly for review. The process is slow with FINRA and requires much patience, but I am very confident RGLG will eventually become OTC Current - AIMHO.
$RGLG LONG
I called otc for a general reply, not specific to rglg. If the indicator has been removed, they are no longer subject to a grace period for that.
I didn't ask anything else.
If still in effect. The indication was removed from otc site.
$RGLG - By my count, we are on Day #12 of the 15 calendar day "Grace period."
I'm counting from January 22nd.
Is this correct?
I'm feeling it. I'm long and anticipating good things.
Took 20 years to get where we are.
I expect the old management challenges are not a simple overnight fix.
Any day now… once these filings hit the tape we should have clear skies. Keep up the bid support fellas!!
Can't go public, unless all roses and sunshine!
Can you still get free Private Messages on Friday? Just asking! JMHO
The Old Owl
Absolutely! More importantly, I think we will see some Institutional Investors which trade in millions of shares come into play. This will move things substantially higher. JMHO
The Old Owl
Considering PPS already peaked at 35 cents, one would think it would go even higher. It's all about getting new eyes and fresh investors onto Entrex and its tremendous revenue potential.
$RGLG Long
I think once the filings are completed and the general public and Institutions understand the $300 million financing, our pps will take off past .30. JMHO
The Old Owl
I found out that it is in fact a vehicle for financing projects. The shareholders will receive a six month payout like a dividend. There will be about $300 million for projects with profits to Entrex after the 6 months payout. It’s basically a finance vehicle. This is huge. The best part is who structured it. I don’t know if I’m at liberty to say, but its initials are GS. JMHO
The Old Owl
Looks like they are wanting to go to NASDAQ or a higher exchange. The offering looks to be for that, for, when it does happen.
It appears Entrex Carbon Market owns the preferred and investors own common in the company Entrex NewLeaf. Therefore, assuming I understand the filing, the Entrex Newleaf company funds the development of carbon projects which are Entrex's contracts which earns the profit from selling after paying the NewLeaf its production funding fees. I bet, although not a finance structure student, that this eliminates the debt burden on RGLG shareholders by holding debt and production in a different company where the profits come to us.
That thought is uneducated and is based on no knowledge besides reading offering.
I am by no means an expert on this, but Investopedia is a good resource to answer your question(s) - see link below. From what I gather Class A shares typically provide more voting rights, but this is not always the case and it is up to the companies whether they give more rights for A, B, or C shares. Sounds subjective to me, so I'm not sure if Entrex's offer is for preferred shares, necessarily.
https://www.investopedia.com/terms/c/classashares.asp
Hope this helps!
Could somebody explain in Laymen’s terms? Is this like a Preferred stock? Thanks!
The Old Owl
News! Entrex Carbon Market files Fixed Income Regulation 1A “NewLeaf” registration statement
Press Release | 01/25/2024
January 25, 2024
OTC Disclosure & News Service
Boca Raton, FL —
This release includes additional documents. Select the link(s) below to view.
2024-01-25 - Entrex NewLeaf Reg 1a FIling - Press Release.pdf
Entrex Carbon Market, Inc (OTC:RGLG) today announced the filing of the initial registration statement filing for "NewLeaf"; its fixed income carbon offset project funding solution. This registration, PENDING QUALIFICATION, is the launch of a public security offering alternative yield to investors based on a diversified group of carbon offset projects; collateralized by the contracts or the carbon offsets created through production.
Entrexs NewLeaf provides investors access to a diversified group of carbon offset projects which share alternative monthly yield and profit said Stephen H. Watkins, CEO of Entrex.
Our intent is to work with the regulated broker community and their investors, pursuant to the NewLeaf Reg A filing and our existing similar Reg D offering, which offers investors access to not only alternative yield but access to compliance-grade carbon offsets. said Tom Harblin, Partner of Entrex Carbon Market. Our discussions with institutional buyers appear to support their multiple initiatives investor returns and their ESG mandates continued Harblin.
We see the structure of NewLeaf a win-win for Entrex Carbon Market and NewLeaf yield Investors. The structure today is non-dilutive to the public company yet offers many benefits for investors in both the NewLeaf yield structure and Entrex Carbon Market equity stockholders continued Watkins.
SEC filing available here
###
About Entrex Carbon Market:
Entrex Carbon Market established a leading market to trade securitized carbon offsets. Today the company works with carbon offset project owners to create "compliance grade" carbon offsets which have been institutionalized by Wall Street brand name providers. Today the company works with dozens of carbon projects, each registered and authenticated to provide credible securitizes traded to customers through broker dealers servicing their clients need.
For further information:
Stephen H. Watkins, CEO
Entrex Carbon Market, Inc
(OTC:RGLG)
(561) 465-7580 or 877-4-ENTREX
www.entrexcarbonmarket.com
https://www.otcmarkets.com/stock/RGLG/news/Entrex-Carbon-Market-files-Fixed-Income-Regulation-1A-NewLeaf-registration-statement?id=428382
Very much so. We really value your opinion and updates over the years on this board (and the previous Entrex related one). It's been one helluva ride, and the best is yet to come.
$RGLG LONG
Can you share something tangible and real? Updates to otc, updates to nvsos, etc. Stories of "the coming" have been going on for 2000 years now.
I assume you've seen daily changes to OTC status. You're welcome.
Of course, there's only about 7 people here on this board at this time so not such a big deal either way.
You do know once current, there's another "force" waiting in the wings.....oh, now I'm telling stories....
It’s tough when you have the State of Nevada, FINRA, OTCM and the SEC that all have to be coordinated. Not an easy task. JMHO
The Old Owl
Looks like Watkins is moving this forward and up to Current.
Just a matter of time in my opinion.
Short sellers will be selling if not already repositioned.
Updated once again, no grace period OR"dark/defunct" listed.
Small update on OTC today
"Verified Profile
The Company Profile data was verified by the issuer within the previous 6 months. OTCQX Rules and OTCQB Standards require issuers to maintain a verified profile.
"
I think the Grace Period was to accommodate straightening out things! We should be OK in a few days I think. JMHO
The Old Owl
Thanks to all who provided updates in the chat, today. I always anticipate delays when it comes to the OTC, but it sounds like all will be cleared up soon. Watkins is not one to drag his feet!
$RGLG Long
$RGLG - If any of you mentioned this already, I apologize. I believe this is new on OTC Markets:
https://www.otcmarkets.com/stock/RGLG/overview
Grace Period:
This security has entered a 15 calendar day Grace Period because OTC Markets Group is unable to confirm that the issuer's disclosure is current and publicly available under Rule 15c2-11. It will be downgraded to the Expert Market at the end of this Grace Period unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.
$RGLG - AD, thanks for the post! Awesome news!!
Filing is just a technicality now, the Company just needs to do what they have to do (to remedy this Name change deal).
I could confirm all of what you said. Kind of what I thought. We just have to be patient and trust Watkins to get it done! JMHO
The Old Owl
Update from Watkins.
OTC approved everything Friday. Then they noticed the name change in Nevada doesn't match FINRA corporate name (UHF) which is in the name change FINRA process. That means all the "Entrex" filings are titled with the wrong name and should be UHF. It sounds like a ridiculous finger pointing between regulators (FINRA), brokers/ATS (OTC) and Nevada State Administrative entity (NVSOS). Glad I'm not Watkins! He is positive that all (Lawyers and OTC) are going to make it work. And he doesn't see the EM in his future while in the grace period. All parties appear to be trying to work through the problem.
Just what I was led to believe. Either way it will get us moving. JMHO
The Old Owl
All good. It’s more ideal for the fins to come out earlier in the week so it gets more eyes on RGLG. Friday’s are typically quiet investment days - AIMHO. Tick tock!
Patience, you know it's coming....
I was led to believe filings would be done today. Still have 3 hours, Lol. JMHO
The Old Owl
What a trilogy! Hit the trifecta!
Let's hope so! OTC is notoriously slow, but it will happen soon, I'm sure.
$RGLG LONG
Tomorrow! JMHO
The Old Owl
Looks like the shorters are seeing the upcoming squeeze.
Be Gone Damn Short Sellers!
$RGLG - Great!
Thanks, AD
Watkins says he believes all is ready for OTC to remove yield!
Hello! What a day that will be.
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