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Why? Simple. Because the assets are transferred into the new company that takes away asset value off the COWI books. Plus, the parent company incurred the development expenses. So the new spin off is in a much stronger position and with a better share structure as well. This is how it works.
2's Selling off!! this is why I love the bashers!!!!!!!
100% EZ-PZ!!!1
Sacre Couer mon ami!!! Excellente
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
CARBONMETA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 7349 | 95-4868120 | ||
| (State or other Jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
13110 NE 177th Place, Suite 145, Woodinville, WA 98072
(844) 698-3777
(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
The Corporation Trust Company
Corporation Trust Center
1209 Orange St.
Wilmington, DE 19801
(302) 658-7581
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Please send copies of all communications to:
Law Offices of Gary L. Blum
3278 Wilshire Boulevard, Suite 603
Los Angeles, CA 90010
(213) 381-7450
Early Tests Confirm EarthCrete captures up to 10% CO2 by weight during production
OXFORD, UK and WOODINVILLE, WA / ACCESSWIRE / July 13, 2022 / CarbonMeta Research Ltd., a wholly owned subsidiary of CarbonMeta Technologies Inc. (OTC PINK:COWI), announced today that preliminary lab tests performed at University of Oxford confirmed that EarthCrete™ Cementless Concrete is carbon-negative and captures up to 10% CO2 by weight during production.
A single project using 500 cubic meters (or 1,200 metric tonnes) of EarthCrete concrete mixed with water can absorb up to 132 atmospheric metric tonnes of carbon dioxide, which is equivalent to 66 diesel vehicles each being driven 12,000 kilometres each year.
CarbonMeta Technologies received a $750,000 purchase order for the delivery of EarthCrete Cementless Concrete for use in commercial and residential solar panel projects in the United States and is reviewing potential sales orders for the next 12 months that could total over $2 million (1,6 million GBP).
According to the International Environment Agency, global energy-related carbon dioxide emissions rose by 6 percent last year to 36.3 billion tonnes. Concrete production in particular contributes to 8 percent of global carbon emissions[ii], showing a greater need for carbon-negative solutions.
This development follows CarbonMeta Technologies' recent ‘plastic waste to hydrogen' trial launch in partnership with Oxford University academics, commercialising a process to turn plastic waste into clean hydrogen fuel and high-value carbon nanomaterials.
"The world is currently bouncing back from the shocks of the last few years, and we are seeing concerted efforts to seek out ways to address our climate crisis. Carbon emissions are not a scourge we can afford to sit back and relax about when finding solutions," said Lloyd Spencer, President and CEO of CarbonMeta Technologies. "We are confident that our positive trials of EarthCrete with Oxford University present opportunities for the energy and built environment to offset its carbon emissions."
To the contrary, CarbonMeta Technologies (COWI) already settled variable rate convertible note debts with RBB Capital and Yorkville Advisors in 2021, and will continue to reach settlements with legacy convertible note holders in order to prevent the "toxic death spiral" problems that the company experienced in years past.
Should investors wish to learn more, please send an email to investors@carbonmetatech.com or call (844) 698-3777, option 3.
CarbonMeta Technologies Investor Relations
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First, Mr. Spencer understands your perspective about issuing shares, but 3 important factors must be considered.
First, 2.5 billion shares were used wisely to extinguish $5M of convertible debt with a hedge fund that had been crippling the company since 2006. That liability is gone, and shareholders are already seeing the benefit ... albeit not as much as we would like, but we believe that will change.
Second, additional shares were issued via the Reg-A to acquire capital equipment, acquire intellectual property from Oxford University, and to fund sales and operations which has already helped the company pursue and win sales opportunities.
Finally, as sales revenues increase, the need to raise investment capital decreases, and equity financing needs will diminish - ultimately benefitting shareholders.
Should anyone have any questions of the Company or of Mr. Spencer, please do not hesitate to send an email to investor@carbonmetatech.com.
CarbonMeta Investor Relations
investor@carbonmetatech.com
(844) 698-3777
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