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No matter he’s a crook and Ultrack Systems is a front for his scam, I wish he would let it go to em , SP would go up and there would be hope but instead he holds shareholders hostage there’s no way he’ll give up his stock selling scam it will have to be forced. Shareholders should have a say and I believe a judge would agree looking at his books.
Filings show 144+ million restricted
shares which has not changed, he can’t personally sell billions and billions of shares with no report of it and there is none.
Sorry, I've lost track of this stock's Restricted Shares. Are you saying, the amount of AS's that he had left, would have needed to stay as AS's to cover some Convertible Preferred Shares?
(Or maybe I'm not understanding your post?)
Hmm doesn’t make sense his restricted shares are the same, how is he personally selling billions of shares?
I respectfully disagree, with the notion that he will/can effect a R/S or raise the AS's without getting current with Nv.
I've notice many other tickers be in this situation and none of them filed anything, while it still showed them as being in Default.
They always showed Active, when those filings were posted.
Think about this: You are in Default and owe us money, but please continue to utilize out system to carry on business as usual???
And as far as how much it cost to become Active, how great or little the cost, I still don't see a company in this situation spending that money before they really have to. Looks to me, that without selling more shares, they were basically Broke.
But all that said, he still had/has AS's to sell, so he had no real need to update Nv., but now, maybe the need is there.
Anyway, we'll see what happens, but I think before anything else gets posted, he will need to reattain Active Status.
I don’t believe so it doesn’t state anywhere a business can’t modify they’re share structure if they file their business license is filed late , he has a year before it could even be revoked , late fee penalty is between $100.00- $175.00 depending on your business. His financial filings are current if his business was license was revoked obviously that would be a different story. The entire cost to update his business a with a late fee is about $500.00 beyond cheap , you better believe he would’ve paid that if it affected his ATM. Another billion shares will be added to AS soon.
Firstly, there is also a Penalty for filing late, although they do not state what the penalty is.
" .....can't modify the SS "?
I would think that at the very lest, it's just common sense, that if you let your license go into Default, that they are not going to let you post a filing. 🤔
But also, the state of Nv. says you have to.
FAQ:
I have filed my Articles of Incorporation. When must I file my Initial List of Officers and pay the State Business License fee?
A corporation shall at the time of filing the articles of incorporation file a list on a form furnished by the Secretary of State containing the names of the Officers and Directors (or equivalent thereof) and addresses (residence or business). An entity required to file an initial (or annual list) with the Secretary of State pursuant to this title, the person must obtain the state business license at the time of filing the initial or annual list.
It only cost $350.00 to update business license in Nevada and he has a year to do only being penalized 150.00 late fee. I think he’s just lazy and will get to it eventually but who says because a business license is in default you can’t modify share structure?
I'm afraid I didn't give explain far enough, why I said what I did.
I understand what is going on with Nv., the reason I brought up the R/S was, like many sharesellers, I've noticed that they will update their OS count on OTC, just before they start selling again. In this case, he updated on 04-01-24.
Authorized Shares 2,996,000,000 Outstanding Shares 2,304,256,643
ASSUMING that is what is going on here, that is why we saw 374,891,671. shares dumped yesterday.
That alone would put the OS at 2,679,148,314. We'll see if there is more today. Regardless, that is putting it close to the maximum of the AS's.
All that said, I figure that at least, some of that money will go towards updating Nv. He would need to do that before he can then file a R/S.
Of course, he could just raise the AS's, but I'm not expecting that because, with the exception of whatever arrangement was made yesterday, he was having a hard time selling, on a day by day basis.
All Just My Opinion.
PS: I figure that if he sold those shares at half of .0001, he would have only netted 18-20K dollars yesterday. SMH
It’s showing default because he didn’t submit his business license and pay the fees associated with it before the expiry date he has one year then it could be revoke but has nothing to do with stock structure, he’s not done diluting another billion AS otw imo then eventually rs, rinse and repeat. Brokers shouldn’t be allowed to trade this and are responsible for allowing this scam to continue as well. https://www.sec.gov/oiea/Complaint.html
SP is a direct reflection of how “superior” your useless, uncertifiable, unsellable, ELD fraud is. Reap what you sow Steve!
Hey Steve remember this? We certainly do! Nothing but a predator who uses the US as a prop to defraud investors.
https://finance.yahoo.com/news/ultrack-provides-q1-companys-flagship-140000315.html
Good question my guess is same group that’s on the ask Steve’s days are numbered, this will go up as soon as he’s out.
Who's buying all these cheap worthless shares at 0.0001 they must own the co.
He can rs if he wants makes no difference it’s over for him his name is forever sh*t !
A planned scam from day he intentionally mislead, deceived and lied to investors I’ll never believe it was ever anything more , he should be in prison and Nevada is taking notice. Haha Steve!
Admittedly, I didn't think so at first. But about six months into it, I just started flipping it, as what I was seeing, wasn't making sense to me.
Shame.
Seems that all he had to do, was following their requirements and submit a qualifying unit. SMH
Nothing but a scam from day 1
Well, he's been in Default with Nv. since the end of Feb. So I GUESS that he is trying to get that together, but I wonder if it is so that he can file a corporate update of a decision that "The Board" made, to R/S the stock.
(The AS's is getting close to maxing out.)
Then again his financials are unaudited so take that for what it’s worth, in my book it’s a ZERO.
He thinks he’s invincible little does he know.
Which is literally the only thing he does do only because he doesn’t want to lose his ATM.
The only thing Steve does right is the Financials are on time and everything updated. He could sell this shell and maybe it turns around..Let's hope that app is not bullshit that's our only hope.
*LTNC sorry mixed up a letter, i’m not in it, or plan on buying it. I’m just saying it was on expert market and came off at almost a penny with over 7 billion in the float . Best thing that could happen here is exper market getting Steve out , he’s the problem this is a shell he uses as his ATM nothing but a stock selling scheme.
I see the yearly revenue dropped by 75% SMH
Ltcn is that the right symbol. Looks like a 50 dollar stock
Look at LTCN just came off expert market with a 7+ billion float at almost a penny, MJLB is stuck at .0001 100% because of our sh@tty CEO.
There’s no hope for this to turn around when the CEO, President, Secretary and Treasurer is a crook. What I’m hoping for is this goes to expert market and someone legit is appointed custodian, that’s the only way i see to get any money back, only scams are stuck on .0001 shareholders will never see any value under Steve only lies, deceit and dilution.
Everyone waiting, hoping for some news..Steve's gonna surprise everybody with a multi million dollar contract. I see everybody is excited. Remember today is April fools day lol
Yes except I believe he filled his pockets very full of shareholders money all the way down to .0001 , he’s a cockroach that needs to be exterminated from trading on OTCMarkets, if this was on TSX Ventures Exchange it would have been banned by now. The business is a joke and completely worthless, defrauding investors on OTC is the only thing this CEO specializes in.
The discount for these latest shares, must be near embarrassing to accept, even for Toxic Guys. SMH
The only thing beyond rock bottom is out of business. We are nearing the end it seems. I hope he's financially ruined if it comes to that so he can get a taste of what he did with all his lying and BS.
CEO doesn’t even want his own stock at .0001, says it all ! Notice how he constantly targets US investors.
Form 4's - Zero
You can pick up loose pocket change on the street and be able to afford to buy this enormously diluted pile of sht yet he hasn’t bought back a single share what does that tell you?
And the thought between the lines was, the description that I gave, was the only money he is going to be able come up with.
JMO
Sell what can I tell you.
I meant if he makes any money off the app he could do a buy back .Is it recurring revenue I don't know.
I could also draw a pretty sweet floor plan for a house, but it doesn't mean I can build it. Dude is a snake oil salesman.
Haha Steve no one’s buying your lies anymore!!
I don't think selling shares @ trip 1 & then buying them back @ trip 2, will lead to anything good. 🤔
(As in, he only has money, if he sells shares.)
If the app is successful we can only hope . Maybe he can buy some of these cheap shares off the market. That would be a game changer you never know .
Yeah he always knows what “sounds” good but reality shows much different.
You know what’s really frustrating! He actually has good ideas. His ELd prototype I thought was awesome. This app looks pretty legit. He just doesn’t follow through. He’d rather pick up pennys instead of following through and making big money.
That’s for sure , we all know he’ll say anything for a pump and then hide behind a safe harbor statement. Save it Steve no one cares isn’t it obvious everyone knows you’re a LIAR!
Nobody is listening anymore Steve. You screwed over too many people for anyone to believe your news.
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