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Crednology Holding Corp fka COHO RSS Feed

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Moderators bri123
Crednology Holding Corp fka COHO has re-filed with the SEC for new listing

The new name of the company will be Palisades Venture Inc.
The OS of Palisades is 109,500,000 shares. The AS is 500,000,000 shares

Current shareholders of COHO stock will recieve 1 share of Palisades for every 120 shares of COHO (Crednology, CorpTech Holdings).
From the S-1 : 
"The distribution will be made to holders of record of CorpTech Holdings, Inc., as of the close of business on February 7, 2024, on the basis of one share of Palisades Venture, Inc. common stock for 120 of CorpTech Holdings, Inc., common stock held"

S-1 filings-
https://www.sec.gov/Archives/edgar/data/2010982/000168316824000754/0001683168-24-000754-index.htm

Latest statement from Orie-

4/11/24  -  "We received a second round of only 4 questions/correction from the SEC, HOWEVER one was for us to provided audited financials for Dec 31, 2023, since the 4Q numbers went stale March31st, 2024. We immediately had the auditors start on this however (again) the Q1 2024 will go stale on May15th so depending on how quick the SEC works we might be able to escape without Q1 review but more likely they will ask for them. Reasonable request but expensive and causing delays.
The rest of the corrections were minor so we believe once these audits and reviews are done we will get the consent to file."

Previous statement-
"Just this morning we received the first round of comments and everyone on the team was pleasantly surprised that the comments will require very small revisions that the SEC would like to see in the prospectuses. All in all this round is simple and we will be responding to the comments in the next few days.
They of course reserve the right to send as many rounds as they like until they are fully satisfied."

Previous statement-

"The mission of the new company is to provide a vehicle to raise money to implement our plans to grow primarily through M&A, to acquire much larger companies in our industry. Now (when approved by SEC), that the company has audited financials and a nice base of shareholders in place and hopefully a stable share price, it will give us the opportunity to present potential targets with solid offers combining cash, equity and debt to enable us to reach revenue and earnings goals which will hopefully translate to substantial increase of shareholder’s equity in a relatively short period of time.
That is the plan in a nut shell."


Previous statement-
"I am very pleased to announce that we just filed our S-1 Registration with the SEC. It took over 2 and half years of work by many individuals whom I hired to get this project completed and filed. I personally made substantial investment to fund this project and dedicated hours on-hand daily, working with the auditors to complete 2 years of audited financials, worked with the authors to write our S-1 Registration, worked extensively with our financial consultant and with 2 SEC lawyers to get the registration reviewed and get the consent of auditors and legal to file.

Please see below.

The process is – we now wait for the SEC to send comments which they have a maximum of 30 days. We hope the comments will be just few and simple to quickly address. Once we have their consent we will make a dividend distribution of shares of the new company - Palisades Venture DBA 4Service Cloud Tech, to COHO shareholders of record and to our consultants. Once the SEC approves the registration I will be able to provide the distribution ratio but I can confirm it will be beneficial.

I will keep you informed as to developments with our next steps."

WE DID IT!

THE FOLLOWING SUBMISSION HAS BEEN ACCEPTED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION.

COMPANY: Palisades Venture Inc.

FORM TYPE: S-1 NUMBER OF DOCUMENTS: 22

RECEIVED DATE: 07-Feb-2024 16:11 ACCEPTED DATE: 07-Feb-2024 16:15

FILING DATE: 07-Feb-2024 16:11

TEST FILING: NO CONFIRMING COPY: NO





 
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