$NIHK - Video River Networks, Inc
Pending: S-1 Registration to be filed early 2020, possibly January. This will be a big step forward in removal of Caveat Emptor status from OTC Markets. 12/11/2019 - Super 8-k released outlining business plans and 12 month roadmap: Month 1-3: Phase 1 (1-3 months in duration; complete rehabilitation of three properties and put them to good use)Identify 4 other properties to acquire Sign purchase agreement with the sellers of the 4 properties identified above; Acquire and consolidate the revenue from those four properties. Month 3-6 Phase 2 (1-3 months in duration; cost control, process improvements, admin & mngt.). Integrate acquired properties into NIHK’s model – consolidate the management of the properties including integration of their accounting and finance systems, synchronization of their operating systems, and harmonization of their human resources functions. Start Crowdfund Raise of $50 million and use the proceeds to effectuate our business plan. Complete and file quarterly reports and other required filings for the quarter Month 6-9: Phase 3 (1-3 months in duration; $5 million in estimated fund receipt) Identify and acquire 4 specialized properties that are complementary/similar properties or assets in the target market Month 9-12: Phase 4 (1-3 months duration; use acquired businesses’ free cash flow for more acquisitions) Run the businesses efficiently, giving employees a conducive and friendly workplace and add value to investors and shareholders by identifying and reducing excesses and also identifying and executing growth strategies Acquire 4 more properties especially in regions where RE is at or below their book-value. Operating expenses during the twelve months would be as follows: For the six months through June 30, 2020, we anticipate to incur general and other operating expenses of $238,000.
NIHK was won in court on October 15, 2019 by International Venture Society. It is being used as a shell for CED Capital (https://twitter.com/CedCapital) to r/m into. The company has diligently released 8-Ks and 10-Ks on schedule in order to close previous gaps in reporting and bring the ticker Current with OTC. The share structure is now Transfer Agent Verified on OTC, confirming that there are only 169,922,436 shares outstanding with 200,000,000 authorized:
CED Capital - NIHK - is working hand in hand with another r/m company, KDCE. Both are centralized around the rapidly growing CBD industry. NIHK is being used as the real estate holding company for the properties that the company acquires and leases out. KDCE will work as the ticker for the actual CBD enterprise: Cannabinoid Biosciences Inc. (https://twitter.com/CbdXfund) Frank Igwealor is CEO of both businesses. Recent Developments
12/11/2019 - Super 8-K released, providing roadmap and current balance sheet. Three properties are owned at this point in the Los Angeles area valued around $1.5 million combined: https://www.otcmarkets.com/filing/html?id=13790054&guid=vQovUFXCNXg1Bth
11/22/2019 - 10-Ks released on schedule, closing gaps on OTC in order to bring the ticker closer to being Pink Current: https://www.otcmarkets.com/filing/html?id=13758205&guid=xTXvUeBRfGPVHth
Next steps to achieve Current
status is to maintain accurate reporting for 3 quarters and to have an attorney vouch for the company (likely already achieved via Premier Legal Group who handled the Nevada SOS issue previously).
11/1/2019 - 8-K released describing CED Capital as the controlling entity of NIHK. This was done by issuance of one preferred share, convertible to 150,000,000 common shares, so that majority control could be gained and only impacting the shares outstanding by one. https://www.otcmarkets.com/filing/html?id=13713264&guid=-DXvUWH9Je2U6th
10/29/2019 - Business brought current and active with the Nevada Secretary of State: About: International Venture Society
International Venture Society
CEO Kelani Long, 407-430-3505 https://twitter.com/venture_society?lang=en https://internationalventuresociety.com/
International Venture Society (IVS) is a corporate strategy firm servicing the myriad needs of small, growing public and private companies through customized financial, operational and business strategy initiatives. From securing growth capital to the placement of senior-level team members, IVS provides clients with unique and appropriate strategies designed to incubate and accelerate their growth in new or existing niche markets. These strategies include joint-ventures, reverse mergers, marketing opportunities, partnerships, and potential acquisitions.
To the most promising of client opportunities, IVS offers growth and implementation capital either directly and/or through a joint-venture with members of our capital referral network – always within a relatively non-dilutive deal structure.