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now 225
I will keep looking and I will keep finding news
Is this news regarding Pear Track new or has everyone here known about this for a while?
starkd748 is referring to this stock as a turd and pump. Im just going to ignore him/her. Just giving everyone a heads up about this person.
PEARTRACK SECURITY SYSTEMS, INC may be their partner for tracking shipments around the world according to C.R.T.
Not sure when this was dated but this would be a great addition to the amount of land they already own if it is still for sale. Who knows, maybe they bought it already and page was not yet updated.
https://www.swissmanda.com/912963-hectares-2-26m-acres-9130-km%C2%B2-of-forest-in-amazonia-brazil-for-sale-offers-invited/
oops sorry! well i now know the hard way that bloomberg businessweek is filled with lazyness because they dont update their own site. oh well.
According to Bloomberg Businessweek dated jan. 9th. 2015 Amazonas Florestal CEO is some guy named Michael Ibar. He is listed as President and CFO as well. Why would this be? His age etc. is listed as well. Pepper Stebbins is not listed on their site as CEO.
my previous post is the article.
Peartrack Security Systems, Inc. (EGCT) - XBRL Data Tear Sheet
SIC: 7510 - SERVICES-AUTO RENTAL & LEASING (NO DRIVERS)
Financial Overview:
2013 2012 2011 2010
Revenue $206 $1,666 $386,708
Assets $128,444 $44,674 $57,277 $45,377
Operating Income ($1,455,930) ($1,687,836) ($2,275,096) ($2,479,485)
Net Income ($1,438,200) ($2,138,577) ($2,404,952) ($2,529,135)
Operating Cash Flow ($64,380) ($208,390) ($449,950) ($564,522)
EPS Basic ($0.06) ($0.08) ($0.10) ($0.11)
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All XBRL Filings:
Document Type Period End Date Fiscal Year Fiscal Period
10-Q 9/30/2014 2014 3 View Filing at sec.gov
10-Q 6/30/2014 2014 2 View Filing at sec.gov
10-Q/A 3/31/2014 2014 1 View Filing at sec.gov
10-K 12/31/2013 2013 4 View Filing at sec.gov
10-Q 9/30/2013 2013 3 View Filing at sec.gov
10-Q 6/30/2013 2013 2 View Filing at sec.gov
10-Q 3/31/2013 2013 1 View Filing at sec.gov
10-K 12/31/2012 2012 4 View Filing at sec.gov
10-Q 9/30/2012 2012 3 View Filing at sec.gov
10-Q 6/30/2012 2012 2 View Filing at sec.gov
10-Q/A 3/30/2012 2012 1 View Filing at sec.gov
10-K 12/31/2011 2011 4 View Filing at sec.gov
10-Q 9/30/2011 2011 3 View Filing at sec.gov
10-Q 6/30/2011 2011 2 View Filing at sec.gov
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NOTE 1. OVERVIEW
PearTrack Security Systems, Inc. (the “Company”) was incorporated in the State of Nevada on September 30, 2005, under the name Heritage Explorations Inc. On June 20, 2008, the Company merged with its wholly owned subsidiary and changed its name to USR Technology, Inc. (“USR”). On June 26, 2008, USR, engaged primarily in the provision of international drilling services, began trading its common stock under the symbol “USRT”.
On July 2, 2009, pursuant to the agreement and plan of merger executed April 26, 2009, the Company’s wholly-owned subsidiary, Ecological Acquisition Corp., a Nevada corporation, merged with Ecologic Sciences, Inc., a Nevada corporation, whereby Ecologic Sciences, Inc. became the sole surviving entity. In addition, the Company changed its name to “Ecologic Transportation, Inc.,” a development stage company in the business sector of environmental transportation, under the trading symbol “OTCQB.EGCT”, The Company was originally structured with three operating subsidiaries under the parent company:
1.
Ecologic Car Rentals, Inc., a Nevada Corporation
2.
Ecologic Products, Inc., a Nevada Corporation
3.
Ecologic Systems, Inc., a Nevada Corporation
The subsidiary companies Ecologic Products, Inc. and Ecologic Systems, Inc. were created to provide an infrastructure and support for Ecologic Car Rentals, Inc., the Company’s primary operations and distribution channels for its environmental products.
On March 16, 2012, the Company and its wholly owned subsidiary, Ecologic Systems, Inc. (“EcoSys”) entered into a Share Exchange Agreement and Plan of Merger with Amazonas Florestal, Inc. (“Amazonas”) (the “Share Exchange”). As a result of the Share Exchange, 97% of EcoSys’ common stock was owned by the Amazonas shareholders, 3% of EcoSys’ common stock was owned by the Company (the “EGCT Shares”), and a change in control took place whereby Amazonas became a wholly owned subsidiary of EcoSys. On April 11, 2012, EcoSys, no longer the Company’s subsidiary, changed its name to Amazonas Florestal, Ltd. (“AZFL”). As of September 30, 2014, the Company held 12,061,854 shares of AZFL common stock.
On September 26, 2014, in connection with the conversion of related party convertible debt in the amount of $1,127,657 (including principal and interest), and third party convertible debt in the principal amount of $381,359, an aggregate sum of $1,501,016 was converted into 30,180,321 restricted shares of the Company’s common stock, at a strike price of $0.05 per share. As a result, the Company’s total issued and outstanding common stock was increased to 57,065,061 shares.
On September 26, 2014, the Company entered into a Letter of Intent (“LOI”) with PearTrack Systems Group (“PTSG”), a Nevada corporation, and the Company’s wholly owned subsidiary incorporated solely for the Merger, PearTrack Acquisition Corp (“PTAC”). Pursuant to the terms and conditions of the LOI, the parties executed an Agreement and Plan of Merger (the “Merger Agreement”) dated October 9, 2014, whereby effective October 17, 2014, among other things:
1.
by way of merger of PTSG with PTAC and the exchange of shares of the Company’s common stock for shares common stock of PTSG, the Company will acquire 100% of the issued and outstanding shares of common stock of PTSG;
2.
the Company will issue 51,358,555 shares of the Company’s common stock to the shareholders of PTSG on a 5.13586 for 1 basis, thereby increasing the total issued and outstanding common shares to 57,065,061 shares;
3.
PTSG will become a wholly owned subsidiary of the Company;
4.
90% of the Company’s common stock will be owned by the former PTSG shareholders and 10% of the Company’s common stock will be owned by the current shareholders of the Company.
5.
no change in control of the Company will take place, as the majority shareholders of the Company are the majority shareholders of PTSG; and
6.
the Company will change its name to PearTrack Security Systems, Inc., under the new trading symbol “PTSS”.
Further, in connection with the Merger, effective October 17, 2014, Mr. William B. Nesbitt resigned as President and CEO, and Mr. Edward W. Withrow Jr., the President of PTSG and currently a board member of the Company, was appointed Mr. Nesbitt’s successor. Mr. Nesbitt will remain a member of the Board, as well as President and CEO the Company’s subsidiaries subsequent to the Spin Offs. In addition, the Board seats increased to eight (8) members, and Mr. Arran de Moubray, Mr. Paul Bernard Burke and Mr. John D. Macey, currently directors of PTSG, were appointed members of the Board of Directors of the Company.
Going Concern
The Company has incurred losses since inception resulting in an accumulated deficit of $10,460,683, and a working capital deficit of $1,768,827, and further losses are anticipated in the development of its business. The Company’s ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due, which may not be available at commercially reasonable terms There can be no assurance that the Company will be able to continue to raise funds, in which case the Company may be unable to meet its obligations and the Company may cease operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.
The consolidated financial statements reflect all adjustments consisting of normal recurring adjustments, which, in the opinion of management, are necessary for a fair presentation of the results for the periods shown. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue as a going concern.
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https://www.calcbench.com/company/egct Amazonas Florestal is mentioned in this article of a merger, but what does this news mean for AZFL? Anything?
liabilities compared to profits, how good is this?
what is "Gap huge" and what is T stock or T trading? Sorry cant remember. it was a few posts ago or more.
Prostock, how high do u think this price could go in a week, a month, and a year?
I was reading that a couple years back Amazonas Florestal merged with a company called ecosys. Amazonas florestal not only is in the forestry industry but also apparently develops and manages gas stations they also seem to have a lot of interest in alternative fuels.
Nickel or dime this year? Screw that. How about a dollar? This upcoming week. I will keep searching for any leaked news or news on regular sites and social media through the weekend.
that starters name is Garrett Cole.
el Toro is going to enjoy hitting his 460 footers off Wainwright this year. when at home against the Cardinals he will prefer the Allegheny River as opposed to the right field seats.
AZFL is the Pittsburgh Pirates of stocks! they were nothing a few years ago and something for competition to fear now. timber competition will all be walking the planks of the Pittsburgh Pirates ship proudly built using azfl lumber.
I set my profit target for next Friday at 25 cents is that too high for one week? someday when I make billions off the stock market of course I have to get through making a few thousand first I will own a massive mega yacht excuse me I meant giga yacht which will pull out of my hometown of norfolk and head to my own island in the Bahamas. all of you will be welcome.
hey a man can dream right?
why is this huge Buy not showing up as a positive percentage on trademonster? I just looked at my platform and it shows that azfl is still in the grey sector and not green.
Kahuna76 you are right ben probably took the offensive line out for steak dinner and then cheesecake afterwards at Carnegie Deli. they probably even after that took in a live show put on by Impractical Jokers.
we're movin on up to the green side we'll finally get a piece of that azfl pie.
hey don't feel bad because even though your jets crashed due to lack of flight experience from Gino Smith Airlines, they flew smoothly against my Steelers.
as far as current rosters are concerned Dallas and Green Bay don't even have enough players to combine to match the number of Hall of Famers we have on our star studded roster.
our Hall of Fame filled team will be back next year to win #7 for #7.
Steelers are out. our Hall of Fame filled team will be back next year to get number 7.
so you agree with me that the Steelers are America's Team. Haha. you said they're and then u never mentioned the Cowboys until your next sentence.
so you agree with me that the Steelers are America's Team. Haha. you said they're and then u never mentioned the Cowboys until your next sentence.
I pray to God that the Cowboys do not get 6 rings. 6 trophies belong to only one team and always will. and that is America's Team the Pittsburgh Steelers. another great team out there is azfl.
who are the news sources who are saying that this is a blue chip stock on the OTC? are there any links or sources to back up what these other posters are saying about this being a blue chip stock now? if it is then this is great news!
According their previously quarterly report, AZFL plans to file for certain Trademarks and Copyrights in the near future. This was as of Oct. 2014.
Has this already happened, and could we as shareholders benefit off of this news? "The Company completed the development of its interactive mapping of a network of fueling stations, and
is currently in the process of finalizing the Mobile Application to be used by consumers for GPS
identification and location of existing Alternative Fueling stations within the AFL Network. The mapping
system is ever changing and developing with EcoSys and can be manipulated to integrate new stores and
services which are to be ever changing. The map will be used to identify the specific target stations and its
owner in order to make presentations to secure alternative fuel contracts."
Revenue Recognition
The Company recognizes revenue when the following criteria are met: (1) persuasive evidence of an
agreement exists, (2) delivery has occurred or services have been rendered, (3) the price to the buyer is
fixed and determinable, and (4) collectability is reasonably assured. Delivery is not considered to have
occurred until the customer takes title and assumes the risks and rewards of ownership. Revenue from the
sale of lumber and wood by-products is recorded at the time of shipment due to terms of such sale being
designated free on board (“f.o.b.”) shipping point. Revenue from the sale of timber-cutting rights to third
parties is recorded when legal title passes to the purchaser, which is generally upon delivery of a legally
executed timber deed and receipt of payment for the timber.
http://www.otcmarkets.com/financialReportViewer?symbol=AZFL&id=128490
I just noticed that the company who provided news that windmill communications is being retained actually was provided by Eteligis.
The same company who I had previously mentioned had provided that news via Youtube.
http://www.otcmarkets.com/stock/AZFL/news
As soon as i saw it hit a .015 i had to get back to work and was not able to sell at the time. Correct math would tell you it is actually $60, not $4. $.015 per share x 4000 shares = $60. I was only able to afford 4000 shares at my time of purchase and still cant afford more.
I am online every night after work looking and watching for whatever news Is leaked purposely or accidentally by the company or anyone else on the Internet I will post anything that I see as soon as I see it
thanks for the info. I just marked you h1
good call gutts. there was supposed to be news that would come out sometime in January however. it has been 30 days since last pr so a reverse takeover would still make sense
if this ever hits $0.25 soon I will sell and then put money into other stocks buy myself a nice big train set and buy an old chevelle.
what does low volume running sideways mean?
according to another post that I read back in December there were to be 2 pr's released in mid-december but one was release which was windmill communications being retained the other one would not come until January according to what that Post said which according to that post was what the company was stating