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Anybody find any new news on Nevada SoS or Finra accepting the proposed split and name change?
Maybe...??
Just Remember the 9.2 is tentative variable...it is subject to change
Nope
Eventually
It will be interesting to watch how much attention the company can generate for new investors to buy in. In the OTC It’s one thing to be subpenny going to a penny or more, it’s another to be on the other end of a reverse split. For sure giving us restricted shares is going to keep some of us around.
“If” there is inherent value in the company (GeoCommand/Maptelligent) it should be reflected in the stock price.
Nope
Just the bonus shares are restricted
It’s just the extra shares that are restricted the 9.2 + or -. Not the r/s shares
The company taking over is a 21 year old company GeoCommand which i believe is also becoming “Maptelligent”.
Well 1,000,000 @ .0001 ($100) would be 250 @.40 ($100) post split. And so 2 mil @ .0002 ($400) = 500 @ .80 post split.
The unknown is the post split opening price and how long it will stay there. If it opens at $1.20 your making money (if you sell).
Typically the price falls...
however this is up-listing to otcqb under a new name and company Maptelligent and the share holders of record on or before 7/22 who still have shares will receive and unknown bonus of shares (9.2 per post split share) that are restricted (50% can be sold in 6 months the rest in a year).
That being said there seems to be a greater opportunity for this penny stock to increase in value as compared to the norm.
There are a few “ifs” and “thens” here and a process that’s most penny stock investors aren’t geared for...but if you have funds you can use here and you can afford to hold your position for a bit...I’m kind of leaning on making the investment it could be the cheapest price to get in at.
If you were in the share holder meeting..do you remember what was said about the 80/20 ratio in regards to GeoCommand and LVXI shareholders. Also any thing about an S-1 offering
Joseph Cosio-Barron our compliance officer can log on to Nsos site and check the company’s “In Progress filings” to see if it’s complete!
“The Reverse Stock Split will be effective upon the filing of the Certificate with the Secretary of State of the State of Nevada and following the 10-day notice of this Reverse Stock Split with Financial Industry Regulatory Authority (“FINRA”) under Rule 10b-17”
Nevada SOS’s Silverflume site shows 2 Maptelligent names one began in 2016 which is “active” and one from August 2020 which is “Name Reservation”. The active one
has Joseph A. Cosio-Barron named as Registered Agent. The newer one has no name information, however their “Entity” Number is E8566282020-3. The older “Entity is E0094552016-9.
They’re waiting on approval from finra /Secretary of state. They mentioned Covid, you know lawyers and other personal working from home in regards to the slower process.
No 10 to 1 mentioned
Check out new DEF14c filing
Effects of the Reverse Stock Split
As of July 22, 2020, the Company had a total of 5,304,973,069 of its 10,000,000,000 authorized shares of Common Stock issued. The total number of authorized shares of Common Stock and the par value of our Common Stock will not change as a result of the Reverse Stock Split. However, the number of outstanding shares of Common Stock will be reduced and the number of shares of Common Stock available for issuance will be substantially increased. Immediately following the effectiveness of the Reverse Stock Split, each 4000 shares of Common Stock owned by a stockholder immediately prior to the Reverse Stock Split will automatically convert into one share of Common Stock after the Reverse Stock Split. The following chart reflects the changes in our capital structure following the Reverse Stock Split (without adjustments for fractional shares).
IMO...They’re very focused in developing their Vision and business plan for Maptelligent.
In regards to R/S ...Zacardi basically hinted they were following the process of filing forms and securing business objectives.
IMO ...Trying to manipulate pricing via the R/S or the move to Maptellent inc. was not part of their considerations
Very good
•Moving to OtcQB as soon as possible
•Moving from debt holder financing to capital, bank, and high net worth individual investment.
•eventually their will be a ticker change
You actually have to read the following paragraphs where the process is explained including what are their legal obligations as well as notifications that are not required.
Next sentence also said delivered..!
That also includes digital...
100+% higher than last Thursday !!!
2.6 mil in one trade!!! Boom
And it’s gone
2.7 mil wall...crazy
Yes, I don’t know if the process has changed... but about 10 years ago my brother in law and I had the same stock same Ameritrade and I got mine two weeksbefore he got his... we never found out why.
Have you read the “Notice of Annual Shareholder Meeting”
“If the reverse stock split were approved as of today, each Company shareholder would receive 9.2 common shares for each reverse stock share. “
Not 1 share for every 10 shares PRIOR to RS
It’s 9.2 for every REVERSE stock share.
Thank you ... I agree by the way boys and girls who have college degrees ask questions...maybe he missed it because it’s in written form not a the number 10 lol.
Or maybe it’s just a explanation example of the effects of a reverse split. If it is it would be on other pre 14c forms...I’ll take a look.
Thanks for maturity, hard work and excellent pursuit on this matter!
Simply asked If it’s not part of the pre 14 form why is it in there?
Thank you..I’ll be interested in his response to you as well.
Thank you STH...however this is the actual text from page 6 of form Pre 14-c where the 10 to 1 is found.
Whomever your communicating with should acknowledge that it is there. Then verify why it is there and what it means exactly. If it is a mistake they should clarify I that as well.
The actual text...
“Immediately following the effectiveness of the Reverse Stock Split, each ten shares of Common Stock owned by a stockholder immediately prior to the Reverse Stock Split will automatically convert into one share of Common Stock after the Reverse Stock Split.
If it read 4000 instead of 10 it would have made sense.
Well This the actual quote. Kind of incoherent...I guess you’ll have to weigh it out in your own mind.
“Immediately following the effectiveness of the Reverse Stock Split, each ten shares of Common Stock owned by a stockholder immediately prior to the Reverse Stock Split will automatically convert into one share of Common Stock after the Reverse Stock Split.”
4K to 1 then 10 to 1 = 40,000 to 1
@.0005 that’s $2 then $20
40k x .0005 = $20
Maybe they meant we would get 10 for every share post split at least that would correlate with the shareholder letter wording
Here it is...
Effects of the Reverse Stock Split
As of July 22, 2020, the Company had a total of 5,304,973,069 of its 10,000,000,000 authorized shares of Common Stock issued. The total number of authorized shares of Common Stock and the par value of our Common Stock will not change as a result of the Reverse Stock Split. However, the number of outstanding shares of Common Stock will be reduced and the number of shares of Common Stock available for issuance will be substantially increased. Immediately following the effectiveness of the Reverse Stock Split, each ten shares of Common Stock owned by a stockholder immediately prior to the Reverse Stock Split will automatically convert into one share of Common Stock after the Reverse Stock Split. The following chart reflects the changes in our capital structure following the Reverse Stock Split (without adjustments for fractional shares).
What will be the opening price of a share on the day after the RS?
After the RS the share value of the company has to start somewhere, despite our invested value.
My understanding is a company uses the day of record to establish the market value x 4000.
If that’s right .0005 x 4000 = $2.
Anybody???
What share price are we multiplying by 4000? The only day of record mentioned is July 22...that day we closed at .0005. ???