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Some Brokers are already taking action to limit or prevent buy orders and only allowing sell orders for stocks that have no disclosures. Think on that, if no-one can buy then who can shareholders sell to?
If you have OTC stocks with Limited Info and Current Info you should be fine on and after Sept. 28th. But Stop Sign No Info stocks will lose quotations enforced by the SEC after Sept 28th, no matter what Brokers may or may not want to do.
I speculate that many thousands of OTC stock holders could be wiped out per each stock that loses quotations.
Thank you for your valued acknowledgement for the work I do on SEC Suspensions, Revocations, and FINRA actions.
Hi. Couldn't find a way to post a message to you, without being a paid member of IHUB.....So finally found a way, through this "dead" ticker post of yours.....So, far off topic, related to ARGB......
Anyway, thanks for doing what you do over many years, in officially announcing suspensions\deletions and such.....
I'm bothered by the coming Sept 28th SEC ruling changes, on OTC stocks....
I've received my "warning" message from Fidelity, about the many OTCs I hold, and the "unknown" effects, come the 28th.....
After reading the article sited below, I'm still left with many doubts, about what will happen with my many OTC stocks' "status".....
Many of them have been "hiding under the radar" of the SEC, with limited reporting, no reporting, current reporting, filed for no-need to report, etc etc etc......Some are completely dormant shells.....
I guess my question is, what is your opinion of how brokers will react, to the SECs' Sept 28th "actions" ?
Do you think you will have a very, very ,very busy day(or next day), announcing all of the disappearing tickers ? Could be over 2800.....
https://www.securitieslawyer101.com/2021/what-you-need-to-know-as-the-september-28-amended-rule-15c2-11-date-approaches/
Thanks in advance, for any "heads up" on the subject....(Should I sell most of them, for pennies on the dollar, just to avoid "total loss" ?).
Rich.
(fka ARGB) SEC Admin. Proceeding for severely delinquent Financials.
https://www.sec.gov/litigation/admin/2021/34-92838.pdf
ARGB FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
ARGB SEC Suspension: The Commission temporarily suspended trading in the securities of ARGB due to concerns about the accuracy and adequacy of information in the marketplace about, among other things, the company’s products and services and certain regulatory approvals, as stated in press releases issued on August 16, 2018 and August 22, 2018.
https://www.sec.gov/litigation/suspensions/2018/34-84460.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84460-o.pdf
On May 14, 2018, we entered into and closed a merger agreement (the “Merger Agreement”) with Simex, a Nevada corporation (“Simex”), pursuant to which we acquired 100% of the outstanding capital stock of Simex in exchange for shares of our common (the “Simex Acquisition”). As a result of the Simex Acquisition, Simex became our wholly-owned subsidiary. Simex was incorporated in Nevada and is engaged in the development and commercialization of an online international digital asset management, investment and trading platform. The platform was designed to respond to the perceived needs of individual investors based upon the experience of Simex’s personnel in the financial, investment banking and trading fields. In addition to features designed to appeal to traders, the platform allows businesses, including developers of crypto-currencies to conduct private offerings including initial coin offerings (ICO). The software includes features which allow clients to organize investment activities utilizing smart contracts in conformance with the latest Ethereum ERC20 protocols. Any equities or other forms of investments initially offered through the platform, will be quoted on the platform’s secondary market. To date, the platform has only been made available to a limited number of individuals outside of the United States.
Pursuant to the Merger Agreement we acquired 100% of the outstanding common stock and preferred stock of Simex in exchange for 19,046,599 shares of our common stock. In addition, as a condition to the closing of the Merger Agreement Vassili Oxenuk returned to us for cancellation as a capital contribution 19,046,599 shares of our common stock. The foregoing description of the terms of the Merger Agreement is qualified in its entirety by reference to the provisions of the Merger Agreement filed as an exhibit to this report. After giving effect to the Simex Acquisition, we had outstanding 22,930,009 shares of common stock and 1,648 shares of our Series A Preferred Stock.
For accounting purposes, the acquisition has been accounted for as a reverse acquisition and has been treated as a recapitalization of American Retail Group effected by a share exchange, with Simex as the accounting acquirer. The historical financial statements of Simex are now the historical financial statements of the registrant and have been included in Item 9.01(a) of this report. The assets and liabilities of Simex have been brought forward at their book value and no goodwill has been recognized
PLUS AFTER READING 8K ISSUING 2O MILL SHARES BUT ALSO CANCELLING THE 2OMILL O/S NOW
FLOAT GOTTA BE TINY.. BONUS.. LOL
HUGE MERGER YESTERDAY UNDER RADAR . LIKE A WETM EARLY STAGE. ARGB
READ THE 8K
WORTH 10-20 IMHO
I ALSO GOT WETM AT 1.00 , SAME KINDA FEEL , BUT BETTER MERGER CRYOTO
LOOKS HARD TO GET SHARES IVE BEEN BIDDING , NO ONE EVEN KNOW ABOUT THIS YET
ARGB
13,650.00% increase no that does not sound fishy at all especially with 2 trades
Resource Acquisition Group, Inc. signs a letter of intent
with a major chain of bars and restaurants in Kazakhstan
LAS VEGAS, NV—March 11, 2011 – Resource Acquisition Group, Inc. (the “Company”) is pleased to announce that on March 9, 2011 it signed a letter of intent (the “LOI”) with TOO “Staut Restaurants Holding” (“Staut”). The LOI sets forth the intentions of the Company and Staut with respect to the proposed acquisition by the Company of 100% of the issued and outstanding voting stock of Staut in exchange for the Company’s stock. The proposed acquisition is subject to the terms of a definitive agreement to be entered into by the parties by August 31, 2011 and is contingent among others on a satisfactory outcome of the due diligence investigation of Staut, delivery by Staut of 2009 and 2010 audited financial statements prepared under the U.S. GAAP and required regulatory approval of the transaction.
About TOO “Staut Restaurants Holding”
TOO “Staut Restaurants Holding,” organized in 2008 as a limited liability company under the laws of Kazakhstan, is a leading chain of bars and restaurants in Kazakhstan with 15 restaurants and 10 bars located in Almaty, and 5 bars located in other regions of Kazakhstan occupying a total area of 18,000 square meters (approximately 190,000 square feet) and operating under three brand names, “Staut Beer Bar,” “Café’ Pinocchio,” and “Ultra S.” Staut’s restaurants and bars serve approximately 1.5 million customers annually.
Ms. Bayazit, CEO of the Company, commented, “We are excited about this tremendous opportunity to expand our business in the restaurant industry. Staut is a strong company with experienced team that proved successful in expanding its business in Almaty and Astana, two major markets of Kazakhstan. We are confident that this acquisition will facilitate our growth and further solidify our position as a leading retailer in Kazakhstan and other potential markets.” Details regarding the foregoing transaction are contained in the Company’s Current Report on Form 8-K that was filed with the U.S. Securities and Exchange Commission on March 11, 2011. The foregoing description of the terms of the proposed acquisition is qualified in its entirety by reference to the provisions of the LOI which is included as Exhibit 10.1 to such Current Report on Form 8-K.
About Resource Acquisition Group, Inc.
We are one of the leading supermarket chains in the Republic of Kazakhstan and we currently operate 35 stores under the “SM Market” brand name. Twenty-three of our supermarkets are located in Almaty, the largest city in Kazakhstan and its commercial center, while the remaining supermarkets are located in seven major districts throughout the country. Our supermarkets sell a broad selection of merchandise including groceries, fresh food, alcoholic beverages and non-food items.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Resource Acquisition’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Kazakhstan, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Kazakhstan, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
CONTACT: Resource Acquisition Group, Inc.
Soledad Bayazit, Chief Executive Officer
Email: sbayazit@american-retail-group.com
Received DKII round-ups in E*Trade, Low Trades and Scottrade accounts.
from AMTD:
Date: 08/13/10 10:12 AM
Thank you for your inquiry. I can confirm that we have submitted our request for the round-up shares. Once the depository we use receives them from the company, your account will be credited. Unfortunately, I do not have a specific date for when the shares are expected to arrive, but it should be fairly soon. Please contact us again if you have any additional questions.
Sincerely,
Derek Whitehill
Corporate Actions and Dividends, TDA
Division of TD AMERITRADE, Inc.
DKII DK Investors, Inc. Common Stock DKIID Resource Acquisition Group, Inc. Common Stock 1-200 R/S**
the silence is killing me...
they will/did(?) spin-off the old assets, be a shell and then become recource acquisition group. the last 8K is already filed under the new name.
Unfortunately it looks like this is now a shell, as they merged the assetts into Resources Acquisition, that's how I read it.IMO
merging with Resource Acquisition Group, Inc. according to filings.
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Reverse merger with Resource Acquisition Group, Inc.
(a) | Technology related to two patent applications which are pending |
(b) | $ 64,246.99 which represents 50% of the current Notes, accrued salary and related expenses due to Mr. John Leo |
(c) | $ 110,000 Note payable due to Nano dynamics |
(d) | $ 18,541.50 which represents 50% of the accrued salary due to Mr. Brian Zucker |
e) | Any and all liabilities related to the business of SGK Nanostructures |
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6904851
Our Board of Directors has authorized the change in our Company’s name to Resource Acquisition Group Inc. to more correctly reflect our business operations of indentifying and acquiring natural resources.
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