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The Taiwanese have their own currency, New Taiwan Dollar (NT$), which is a different currency from the Chinese Yuan. The symbol on the website is for that currency, but the label on the site translates to "yuan". The Taiwanese apparently refer to their currency in many ways, including "yuan".
Yeah, that's what's confusing to me. The label next to the value on the website translates to "paid up capital", but I'm just assuming it's what private investors have put into the company, possibly? Since there are a bunch of related companies and they all have their own "paid up capital" values and I don't know what the translation "paid up capital" means to the Taiwanese, I haven't really found the value useful. Maybe someone more familiar can shed some light on it.
I'll be looking for more info here and there when I have some time. As I said before, I'm pretty sure we're looking at https://www.roadrunnermedia.com/ as the merging company.
This is their demonstration video from the website.
Me and Floridany were discussing the paid-up capital that's shown on the wistek site. The currency is labeled in Yuan, but we think that's what it's referred to as locally, but that the currency is actually New Taiwan Dollars (NT$), since the site is intended for Taiwanese.
Converting 2.4B NT$ to USD comes up to about $77M that they've apparantly put into the company.
It looks like the Taiwanese may refer and document NT$ as yuan and other terms. Based on the likely target audience, I would say you're original assumption is probably correct. Thanks for the heads up.
I have a correction on this, though. The paid-up capital they show on their site is 2,404,523,150 Yuan (not NT$), which converts to $337M USD.
Well it can't always be positive. He doesn't appear to pay his Bar "tab" (pun intended) on time.
http://members.calbar.ca.gov/fal/Licensee/Detail/164839
Also, I would recommend searching iHub for "Lanham". Make of the info what you will. I've only quickly browsed it, so I haven't looked too much at the specifics, just had negative vibes.
Just trying to present the dd I do, whether it be good, bad, neutral. It's the reason I finally decided to create an account and post, ironically inspired by "alstocks" helpful posts, rather than just reading these boards.
Full Disclosure: I own REPO shares and will continue holding my REPO shares, despite some hesitations I have on the new owner. I like the Road Runner Media product and underlying patents, so I'm hopeful that's what we're getting. Hopefully we can get more dd flowing.
It's a different entity/group unrelated to the merging entity. I'm pretty satisfied with the dd we've found. I'll probably look for some info on others likely to be involved besides those listed on NVSOS, but for the most part updated filings and new ownership will answer my remaining questions.
If Road Runner Media turns out to be the merging entity, these are likely their patents.
U.S. Patent 10290243
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10290243.PN.&OS=PN/10290243&RS=PN/10290243
and
U.S. Patent 9934709
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=9934709.PN.&OS=PN/9934709&RS=PN/9934709
Nice! Good to know there is some history behind Mr. Lanham. The only company I found with a quick search that I think would make sense to go public with is Road Runner Media. When I have some time I will see if I can track down their patent(s), as they claim "patented technology".
Check out the REPO board. Looks like Lazar is coming through with another merger.
Awesome! Looks like it's possibly https://www.roadrunnermedia.com/ check out the address and name on "Meet the Team" page.
To address your concern about whether anyone associated with the merging company speaks English, Li Xuezhong is involved, for example, and his resume is below.
https://investorshub.advfn.com/uimage/uploads/2019/9/24/rrayjLi_Xuezhong1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/24/bjotiLi_Xuezhong2.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/24/ybiteLi_Xuezhong3.JPG
He has U.S. education from Washington University in St. Louis. I'm from St. Louis and I'm well aware of this university. It is, and has been, a top notch university for quite some time. He has worked for HOK, www.hok.com, also based in St. Louis, which is now the largest U.S.-based architecture-engineering firm.
Keep in mind, our dd was mainly done on the 3 management individuals. Li Xuezhong is an example of someone who will likely play a bigger role, he's just not listed as management on the NVSOS.
IMO this is the best consolidation of the dd we've done thus far along with some excellent additional info. I'd also add floridany's other post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151325342 ,quick response from the merging president about the website plans.
The remaining questions I have are as follows:
1. What is the real SS?
2. How many of the related pieces of this merging company are we getting?
3. Why didn't they follow through with plans to go public in Australia in 2017?
I have no concerns about incoming management or their associated peers. They have solid resumes built over time and long-term plans to continue investing in their community. None of the dd leads me to believe this is a cash grab or a fly-by-night operation.
Considering I own 15 other Lazar tickers, I can now catch up on everything going on with those, as I've neglected them ever since the merger news on TRDX.
Excellent posts and I agree website was pretty primitive so good to hear it's only temporary. In your opinion what do you make of the plan in 2017 to go public in Australia? I'm guessing they decided on the U.S. instead, hence TRDX, but curious what you think.
New President Wei-Yu Lee (Li Weiyu) in action from May 2018. No idea who is who though.
https://investorshub.advfn.com/uimage/uploads/2019/9/21/nvdsxWei-Yu_Lee_-_industrial_park1.jpg
Also, Wistek is short for Weizhi Optoelectronics Technology Co., Ltd. and might have evolved into Dazheng Longding Technology Co., Ltd. or it might be its own thing still. A press release from 2000 is below. Notice Wei-Yu Lee (Li Weiyu) in the 2nd paragraph.
https://investorshub.advfn.com/uimage/uploads/2019/9/21/scpucwistek_release.jpg
The only business that we've found that is an EXACT match to the address of record is Dazheng Longding Technology Co., Ltd. They seem to have a good amount of established and future projects in the works, including 5G, so I'm hoping that's what we're getting.
I understand that, but you clearly didn't read my post. Find me a legit source document(s) to back up this 1.1B control block issuance claim. If it happened April 8th why wasn't it disclosed?
I don't believe it's a matter of a good/bad opinion (at least for me and a few others I think) regarding the assumed control block, it's more of just getting clarification and finding support for data that I would consider unsupported.
As Neight said in post 17435, there is no supporting documentation for issuance of the control block. If the control block was issued on April 8th, why does the current June 30th disclosure statement under "3) Issuance History" not reflect this transaction taking place?
I agree with you, IMO the control block is a good thing.
Yes, that's a question I've never found an answer to ever since I jumped into this a while back. Where is the PUBLICLY available legit documentation to support the issuance of the control block? I've found nothing but message board assumption based on the OTC site changing.
Here is the translated info from MP7773's link:
https://investorshub.advfn.com/uimage/uploads/2019/9/20/sygzhAUS_listing_meeting1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/higffAUS_listing_meeting2.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/nqyllAUS_listing_meeting3.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/fomdpAUS_listing_meeting4.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/xdommAUS_listing_meeting5.JPG
This was a meeting in 2017 about going public in Australia. The name of the listing was going to be "Tongling Science and Technology". I'll have to dig to see if I can find out if this ever happened under another name since I don't see a company listed by that name at first glance.
They may have abandoned their plan to go public in Australia and now going the RM route with TRDX.
Translated resume for:
Wei-Yu Lee
https://investorshub.advfn.com/uimage/uploads/2019/9/20/[[cgeWei-Yu_Lee1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/[dapqWei-Yu_Lee2.JPG
and
Cheng-Che Lee
https://investorshub.advfn.com/uimage/uploads/2019/9/20/dmuvfCheng-Che_Lee1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/20/rugdiCheng-Che_Lee2.JPG
Also adding
Wei-Yu Lee = Li Weiyu
This is great, lots of so good info to work from on that page.
All, see post 17340...
Cheng-Che Lee = Li Zhengzhe
Hsin-Jung Lee = Li Xinrong
Ok, here's an update to this:
Dazheng Longding Technology Co., Ltd. (likely merging entity):
https://investorshub.advfn.com/uimage/uploads/2019/9/20/[ply[DLTC1.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/pgnkdDLTC2.jpg
Owns 100% - Tongling Dazheng Longding Touch Technology Co., Ltd.
https://investorshub.advfn.com/uimage/uploads/2019/9/20/zsgxmTouch1.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/wgontTouch2.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/z[[[nTouch3.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/soqpnTouch4.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/ptrkjTouch5.jpg
10% - Tongling Dazheng Longding Flat Technology Co., Ltd.
https://investorshub.advfn.com/uimage/uploads/2019/9/20/w[xtpFlat1.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/ykibhFlat2.jpg
https://investorshub.advfn.com/uimage/uploads/2019/9/20/orgqdFlat3.jpg
I believe the legal merging entity will be Dazheng Longding Technology Co., Ltd., but I'm still trying to figure out how Wistek is related, maybe a d/b/a? I'll look into it tomorrow.
No, I can usually find out enough from research without bothering them and they likely won't provide anything of substance for legal reasons.
Anyway, Dazheng Longding Technology Co., Ltd. has ownership in the following active companies:
100% - Tongling Dazheng Longding Touch Technology Co., Ltd. - 800M yuan investment
10% - Tongling Dazheng Longding Flat Technology Co., Ltd. - 80M yuan investment
It was from one of the many sites that pull public data. This particular one was findbiz and was google translated of course. I mainly posted it for the a/k/a info of the individuals.
Here is more info from the existing company. For those looking for info on the individuals. "Li Zhengzhe" is the same as "Cheng-Che Lee" and "Li Xinrong" is the same as "Hsin-Jung Lee".
https://investorshub.advfn.com/uimage/uploads/2019/9/19/tnokwexisting_company_info1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/19/sjnkjexisting_company_info2.JPG
The first sentence "combination of high-tech technical teams from Taiwan's industry and academia".
The products/services/projects are "5G optical communication module components", "5G optical device project", "Green folding electric bicycle", "Green electric tricycle", "Instant system products", "Large output device environmental consumables project", "Precision Stainless Steel Ball Valve Project (see Valand Industrial Corp)", "Science and technology creation project".
Teams working those projects are "DC Holographic MutliDimesional Limited/HOM" and "DC Communication of OptoElectronic s Limited/COE"
Posting for those who are on devices that don't auto translate to English. Our company is actually called Dazheng Longding Technology Co. Ltd. and is made up of several teams/projects, more or less a conglomerate.
Here's the main info translated to English from http://www.wisinfo.com.tw/tl.htm
https://investorshub.advfn.com/uimage/uploads/2019/9/19/nrxksnew_company_summary1.JPG
https://investorshub.advfn.com/uimage/uploads/2019/9/19/ngeqznew_company_summary2.JPG
I believe wistek.com.tw is our company. US patent, Taiwan patent add up, check it out
Lol, well if you want to search for Tom Jones you can. You can also believe post #17112 that a "fright" company is merging. It's not the same JC Freight linked to someone named Wei-Yu Lee. That company is inactive, but that person is a due diligence virtuoso...
Sorry, I don't have premium to be able to respond to PMs, but I did some further digging. By-way of Ta-Yi Chien's FB I found Wei-Yu Lee's FB. Not much to see there, although he did "like" a company called Onset (www.onset-eo.com) that's been around since 1990, which is another optics company. Also, Ta-Yi Chien is the chairman of the aforementioned Lattice Energy Technology Corporation (LETC), which is an optics company.
Cheng-Che Lee appears to be a "student" at National Taiwan University working towards "Doctor of Philosophy, Electronics Engineering" 2017-2020 and formerly (I think) a student at National Formosa University working towards "Doctor of Philosophy, Graduate Institute of Electro-Optical and Materials Science" 2016-2020 according to linkedin. Skills listed are Integrated Optics, Semiconductors, and Optical Communications. Industry Knowledge listed is Solar Energy. Other Skills listed is Organic Optoelectronics.
Hsin-Jung Lee(Li) is the President/Board Member of Hunt Electronic Co Ltd since 2016, but also appears to be or have been the chairman of "iProSecu Corp.", and director for "Genesis D.S.P. Technology (HK) Ltd." and "Yudor Technology Co., Ltd.". I suppose this somewhat lines up with being listed as a director for this entity.
Unless 3 people with the same names come from out of left field with something completely different, I'm maintaining the belief this will involve the optics technology these individuals all have in common.
As far as the address, it seems as though 669 Chung Hsiao E. Rd., Sec. 5 houses some manufacturers and this company occupies portions of the 2nd and 5th floors.
Best I've got for now, it's been a long day.
Based on the nature of the patent(s) tied to the names "Wei-Yu Lee" and "Cheng-Che Lee" and the name Hsin-Jung Lee associated with Hunt Electronic (business of the same nature), as well as other bits and pieces dd on the fly, I'm pretty confident it has something to do with the broad field of optoelectronics/optronics. I'm also pretty confident that the "Hsin-Jung Lee" tied to Lightel isn't the same as the Hunt Electronic individual. Only had time to do some quick dd, but I'll dig in further later.