Ystrategies Corp. (fka YSTR)

[funnyG986]

I wrote it off from tax.

[Uboat]

What did you do with your shares? I thought you said you were writing them off

[funnyG986]

how much per share did you sell to the clearing house?

[Uboat]

Tax write off for 2020. My broker was going to start charging me a monthly maintenance fee for keeping worthless shares. So I sold them to the clearing house. I offered them to Kiles, he said he was not buying any new shares. FUCK HIM

[funnyG986]

You mean from tax return ?

[Uboat]

I wrote it off. Kiles' is a POS as far as I am concerned.

[funnyG986]

YSTR modified their linkedin profile

Ystrategies Corp.
Ystrategies Corp.
76 followers
3d • Edited •
A privately held Nevada C corporation, Ystrategies is a startup studio with an in investment Vayu, the leading cloud computing and optimization company for Advanced Digital Operations for Wind Farms. Ystrategies earned an equity position in Vayu by helping to launch its business and supporting a Cooperative Research and Development Agreement with the National Renewable Energy Laboratory (Golden, CO) and Nextera Energy Resources, LLC (Juno Beach, FL).

Ystrategies’ intent with its Vayu investment is to manage and support the Company as it realizes value for its investors as an advanced stage startup moving toward liquidity. Ystrategies may consider other activities on successful conclusion of its Vayu investment. Ystrategies no longer maintains a current SEC registration after going dark in 2018 and is now privately held.

[Uboat]

This is my last email to Kiles:

Jim,



Happy New Year. Regarding private shares of stock… Aren’t I supposed to be getting notification from the company regarding this? How does this work? As an early investor, am I not susceptible to losing my investment to a second or third round of investors?

Please tell me where I go from here. Please advise. I asked if you would be willing to purchase my shares. You didn’t reply. My years of investing in YSTR were based on the fact that you were a REAL GUY.



I look forward to hearing from you. I have to rendezvous with my tax planner.



Regards,


This is his reply---

There is nothing for you to do at this point. I am not buying any shares at this time.

Happy New Year to you as well!

[Uboat]

That is what I am being told. I now own the shares of the private company. But, how do I get certifiable proof of this? My broker will start charging a fee for housing non-transferable shares... I can't have that. So how do I get paper proof of these private shares? Thank you

[stockpuck]

They are not actually losses? You still have shares, just in a private company now. I really don't know the tax implications though.

This is all from reading after the fact but generally a company goes private because their shares are worth more than they are trading for on the open market. I just don't know if they planned on this or if it really was something they let happen because of negligence (seems unlikely right?). I'm definitely not an expert in this, always something new to learn.

Also I thought you could only sell private shares to the company, an accredited investor or on a market specifically for private companies.

[RACKnRICKY]

why not?

[lucky, mydog]

i'm not sure, i don't pay attention but i think you can. talk to a tax advisor.

[Uboat]

One last question, if you will, If I do nothing else this year-- Can I write off my cost basis in YSTR against realized gains in other positions for 2019? Thx, if u can.

[Uboat]

TY

[lucky, mydog]

unless you pull your certs the only proof you have is your trading account. the only way you could sell is if you find someone that wants to buy them.

[Uboat]

Ok. I figured as much. Do you know how I can get a certificate of proof as to how many shares I own. Also, how can I sell them. if need be? Thanks.

[lucky, mydog]

you now own shares in a private company with no public market to sell them. any sales would have to be done in a private transaction.

the company could have accepted the sec's recommendation of voluntary revocation. it's strange that they didn't considering the company filed a form 15 after the fact. they would only do that if they wanted to remain a public company, yet...

failed to file an answer in response to an order instituting proceedings (“OIP”)
alleging that it did not file required periodic reports.1
The Division of Enforcement filed a
motion for default and for expedited consideration of that motion. Respondent failed to respond
to the Division’s motion.

they ignored the sec twice.

[Uboat]

Ok, so this guy turned out to be a complete f-- scu b --. Is there anyway to salvage our investment? I have never been in this situation before.

[Renee]

YSTR registration revoked. *** YSTR had filed a FORM 15 to deregister from the SEC after the SEC Suspension. Tsk tsk.....revoked registration by the A.L.J.

https://www.sec.gov/litigation/opinions/2019/34-87654.pdf

[Uboat]

https://www.vayuai.com/news

News on Vayu website... At least it's somethin' LOL

[Uboat]

I know. I can't figure this guy. I always knew Neil Cohen and Ashish Badjata were f---- worthless. I thought JK was real.

[r2g2]

I don't know. It is a mess.

[Uboat]

Do u still have shares>? What are ur plans for them> TIA

[r2g2]

Utterly irresponsible outcome here. ... and they were touting themselves as great guides to future businesses and entrepreneurs. Excuse me sir, isn't that egg on your face?

[lucky, mydog]

it didn't get revoked today so let the grey market trading begin.

[Boat2010]

We will make lots of money with this company !!!! Its all part of the manipulation !!!!!They know how to play fear !!!!!!!

[lucky, mydog]

from being revoked? possibly.

[$b_rich$]

Let's see if they make a comeback

[lucky, mydog]

I thought Kiles would've been better than this

yup. he's either a liar or a dumb ass. it can't be neither but it could be both.

[$b_rich$]

What a load of crap! Unreal, I thought Kiles would've been better than this~ Very disappointed!

[lucky, mydog]

thank you, renee.

13 FORM 15's to deregister from the SEC after the SEC Suspension for severely delinquent Financials. 12 companies subsequently had their stock registrations revoked.

No doubt there are other FORM 15's prior to HJOE but I only searched from present day to HJOE's SEC Suspension.

*** YSTR: Suspended Sept. 13,2019
Form 15 Sept. 13,2019
Revoked registration: not yet, but imminent.

THNS: Suspended Sept 11,2018.
Form 15 June 10,2019
Revoked registration June 21,2019

FLPC: Suspended Sept. 18,2018
Form 15 Sept. 28,2018
Revoked registration March 22,2019

CUAU: Suspended Aug. 31,2018
Form 15 Sept. 7,2018
Revoked registration Oct. 18,2018

LVEN: Suspended Sept. 13,2017
Form 15 Sept. 26,2018 and Amended Form 15 Oct. 2,2018
Revoked registration Oct. 18,2018

IPOW: Suspended May 10,2017
Form 15 May 17,2017
Revoked registration Oct. 4,2017

MECK: Suspended Sept. 27,2017
Form 15 March 19,2018
Revoked registration April 10,2018

PUNK: Suspended March 3,2017
Form 15 March 10,2017
Revoked registration Sept. 8,2017

PRBI: Suspended June 2,2017
Form 15 July 13,2017
Revoked registration Sept. 8,2017

DTOR: Suspended July 28,2017
Form 15 Aug. 7,2017
Revoked registration Aug. 11,2017

CDNL: Suspended June 1,2017
Form 15 June 21,2017
Revoked registration Aug. 3,2017

MNAI: Suspended Aug. 2,2017
Form 15 Aug. 15,2017
FINRA deleted symbol(awaiting registration revocation) Aug. 30,2018

HJOE: Suspended Oct. 24,2016
Form 15, Oct. 28,2016
Revoked registration Nov. 10,2016

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151145559

[tdbowieknife]

Do retail share holders have a majority vote? They likely don't.

[funnyG986]

my understanding would be the right for the company BODs to stop filing. Still don't understand what would be the company value to shareholders including all the insiders, if company goes to private.

Wondering if there is any chance for shareholders to request a tender offer from company if we dissent their decision. I know this is possible if the co is in florida

[tdbowieknife]

When companies file a form 15 they are supposed to be current with filings.

So I don't see how they have a right too.


.

[lucky, mydog]

good question. it sounds like he might be confused.

[funnyG986]

I am reading Jk’s email again. What does he mean “(by right)”? anyone knows?

[lucky, mydog]

ystr will most likely now become a private company. once they get their finances in order they can file a form 10 and try to become public again.

[tdbowieknife]

Yes... Just as those that actually filed delinquent filings after a suspention were revoked anyway as to late.

.

[tdbowieknife]

It will still be revoked. The process started before they filed the form 15. If the SEC allowed them to do that, they would all be doing it.
And it's definitely still going to the Grey Market till revocation is ordered.


.

[lucky, mydog]

a comment about kiles action today;

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151131869

[lucky, mydog]

the company is asked to respond to the revocation oip. i think the company will offer as its plea for an exception that it filed a 15. i think the sec will argue and the alj will agree that it was too little too late. we shall see.

[cotf]

True that.

-Thanks & Blessings

[funnyG986]

anyway, we don’t control SEC at all, just wait and see. There is nothing we can do.

[cotf]

no kidding. The real kicker.....the SEC has been suspending 15-12G & 15-15D, etc as well, like GPTC, FBCE, etc. Happened for the first time this year that I noticed.

[lucky, mydog]

as you can see by today's litigation order, revocation proceedings have already begun.

https://www.sec.gov/litigation/admin/2019/34-86952.pdf

[lucky, mydog]

oh no, you are mixing things up. the reference to 15c2-11 is referring to the suspension. it means that when the suspension expires that mm's are prohibited from making a market. that means this will be trading on the grey sheets at the end of the suspension.

15 dergisters the company making them a non filer. the two really have nothing to do with each other.

[funnyG986]

The only problem now is that we need to see form 211 filed in order to get out of grey; YSTR

[funnyG986]

read it https://www.sec.gov/fast-answers/answersdfnctcohtm.html

The SEC may invoke a trading suspension. In some cases, the SEC or an exchange may halt trading in the stock of a defunct company if the stock price appears to be manipulated or if it believes that public information about the issuer is false or misleading. When the trading suspension ends, a broker-dealer wishing to publish quotations must comply with Rule 15c2-11, which may be impossible to do in the case of a defunct company.

Requirements under Rule 15c2-11
Rule 15c2-11 provides that it is unlawful to publish any quotation for a security in any quotation medium,
including the “OTC Bulletin Board” operated by the Financial Institution Regulatory Authority, Inc. (“FINRA”) or
the marketplaces (OTCQX, OTCQB and OTC Pink) operated by the OTC Markets Group, unless the broker-dealer
complies with the requirements listed below. Depending on the circumstances of the issuer, Rule 15c2-11 may be
satisfied in one of the following five ways:

(4) the issuer must be exempt from Section 12(g) of the Exchange Act pursuant to Rule 12g3-2(b) under
the Exchange Act, and the broker-dealer must make reasonably available, upon the request of an
interested person, all the information furnished to the SEC during the issuer’s last fiscal year; or

Today's 15-15D is the exempt for Section 12(g)

[lucky, mydog]

oh, i think it will but you may be right. this one will be interesting in that it will set a precedent one way or another.

[funnyG986]

it will not be revoked anymore.