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What you are missing is that Roger through Plandai Biotechnology Inc. owns the majority interest here at $TXTM. Please review the below 8-K for clarity:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11789584
On December 31, 2016, the Registrant, ProText Mobility, Inc., a Delaware corporation (“ProText” or “the Company”), consummated a Share Exchange with Plandaí Biotechnology South Africa (Pty) Ltd. (“Plandaí SA”), a South African company. Under the terms of the Share Exchange, the shareholders of Plandaí SA received 100,000 shares of ProText Series D Preferred Stock in exchange for 100% of the issued and outstanding capital of Plandaí SA
ITEM 5.01
CHANGE IN CONTROL OF REGISTRANT
Under the terms of the Share Exchange detailed in Item 2.01, control of the Company was transferred to the previous shareholders of Plandaí Biotechnology South Africa (Pty) Ltd. and are held by Plandaí Biotechnology, Inc., a Nevada corporation, which now controls 100,000 shares of Series D Preferred Stock, which is convertible into 75% of the post conversion issued and outstanding shares of common stock and which has voting rights equivalent to the number of shares into which the Series D Preferred is convertible. This transaction transferred control of the Company to Plandaí Biotechnology, Inc., which has majority voting control on all shareholder matters.
What you are saying is highly inaccurate and a simple read of the financial reports will clarify this misconception. Since Duffield is the majority shareholder, Duffield is in charge with TXTM.
David Lewis serves as the executive director only as long as Roger (the CEO) says so. #Fact
Board members with a minority interest can be replaced, even you know this to be true.
Except that the main player (major stakeholder) is Roger Duffield, not David Lewis.
I demonstrated this to you many times, and I will repost the financial report showing as such in case you have forgotten once again.
https://www.otcmarkets.com/stock/TXTM/filings
Roger/Plandai Biotechnology owns 90,000 Series D Preferred Shares, which constitute 75% of the post-conversion issued and outstanding shares of common stock.
David Lewis is a board member of TXTM, and he is the subordinate of Roger Duffield, the CEO. This is a irrefutable fact, and I'm not sure why you insist to say otherwise.
Roger is the one to watch - the cannabis license will be procured because of Roger's efforts and political alliances in South Africa.
I'm afraid you aren't seeing the forest for the trees as pertains to TXTM. South Africa rescheduling cannabis to a schedule 4 is indicative to the fact that the groundwork for granting MMJ licenses in South Africa has been set. We're very close now!
Agreed PB, today's $TXTM news is magnificent. The part that stood out to me is that the company is in regular communication with senior government officials. That tells me that they have the political leverage and support to accomplish their objective, and I believe it will be "very soon" when the company receives the anticipated cannabis license.
The Company is in regular communication with senior government officials at the Ministry of Health and we expect to have the license issued once the final regulations are ratified, which, according to statements from government, should be very soon."
The below article summarizes it well, IMO:
http://www.sabc.co.za/news/a/c1254680429b64fdb0bcffd9ab096a84/Daggaundefinedgrowingundefinedlicences:undefinedapplicationsundefinedavailableundefinedsoon-20171409
"The MCC is meeting next week to approve these [regulations and application forms] and once they have approved them they are for use by the public," Health Director General Precious Matsoso said.
$TXTM - Griffith Molewa speaking about dagga licensing in Parliament
https://drive.google.com/file/d/0B4WJojoiFSszTVE5UERWdFAxWmc/view
$ICNB - adding the fear.
I smell more news coming...and this is the shake....shake and bake.
$ICNB
Watch those 75's go...hehe
$ICNB
$Masterful $Southridge knows that retail lacks the skill to take profit...so they short while retail buys the resistance (just look at the spread during the short-term volatility to .0140 the other day - VNDM on both sides..hmmm.)....then when retail realizes that they should have taken profit, they predictably commence to panic sell....good ole Southy steps in to cover at this time and he trims the $$$fat.
This is going up from here though I believe - Southridge rinse and repeat 101.
$ICNB
It isn't Rich directly....it is Cheeseburglar Southy....nobody is greedier than the noteholder/s.
This is their yo-yo...making money up and down...
Retail panic selling and Southy trims the fat.
$ICNB
Looks like $$Southridge is back in play....those slimy greasy cheeseburglars.
Just when you think you are up....you are down.
Watch what happens next.
$ICNB
So with your last post you are confirming that you haven't verified "anything" in SA then -- okie dokie, I'm not surprised.
You could not verify anything in SA that is why they chose SA!!!
If it were all just a hoax, I wouldn't be wasting my time here telling you to do some new DD.
Matter of fact, have you hired investigators to make site inspections of the Seenteko Plantation, or have you ever had communication with government officials in South Africa regarding this company?
Answer: no
Some of us that have been here long enough have done such DD...and we'll continue to hold for as long as it takes.
I'll be here, you'll be here, and I'm sure your bestest friend David Lewis will be here too when the license gets announced
Eventuality is that license will come b/c of Roger and his lifetime efforts. IMHO..The government of SA will want their 13 million dollar loan to Plandai(Roger) repaid.
If you have been following events in South Africa, you would know the time and the season.
$TXTM
First of all Malc, you should consider unblocking me.
I don't receive notifications when you reply. Not sure why you would block me, I am an open-minded person, and I will hear both sides, even if it bothers me what someone has to say.
Honestly, you do a great job (most of the time), in saving your common man. I don't believe you have any ulterior motives, but all I ask, would you stand outside a casino warning folks of the financial dangers inside?
It is all skullduggery, no matter how you look at it...one party has the odds in their favor, while another party thinks that they are the lucky ones.
$AZFL
Why go to the casino then?
You go to win or lose, correct. Timing is key, when to be in and when to be out...that is with stocks and with casinos.
Holding or folding.
$AZFL
All of them should be regarded as scams....All scams are here to enrich someone or another while another party loses money -- every time.
S (tocks) C(limbing) A (ll) M(ountains)
$AZFL
Where my bid is
$AZFL - Gap fill en route
A classic case of resistance is futile?
The MM's entice retail to play the bounce at the 200D SMA, and then they (VNDM) cap the movement at the psychology level of .0040 ...hmm.
If the SP can't get back over .0040, the gap fill scenario appears to be inevitable...IMO
$AZFL
Well stated DD, I agree with your analysis.
I couldn't help but think of the Latin term "carpe diem" when reading your last paragraph, and coincidentally, I remember seeing a tweet from Protext on just that:
#GoodMorning and #CarpeDiem everyone. Each day is a step closer to our goals. pic.twitter.com/THGVH746Ef
— Protext Pharma, Inc ($TXTM) (@protxtm) June 27, 2017
IF I WERE MANAGEMENT Of $TXTM right now- I would not let this opportunity for increasing shareholder values and awareness go to waste. I would strongly encourage the management to put out MJ news relevant to their last update July 13th and Aug 1st. I would utilize all of the resources around me to get a formidable deal done and announced making it quite clear - the potential revenues to be enjoyed here because of how difficult it will be for other companies to GET THIS APPROVED LICENSE in SOUTH AFRICA.
The MM's are itching to fill the gap at .0023, will retail be their own worst enemy?
The 2.75 sell/buy ratio is not auspicious, to say the least.
https://ih.advfn.com/stock-market/USOTC/amazonas-florestal-ltd-AZFL/trades
$AZFL
The $$truth won't hurt...so one perceives to $receive
Watch your L2.
$ICNB
Watch $$Southridge's next play....you might be surprised with the $outcome
$ICNB
Big time!
We haven't seen guidance provided on the amount of cases to be sold in a PR since January 2017, and back then it was 7,000 cases.
Remains to be seen if now is anything like then.
Then $ICNB exploded when the market was able to sink their teeth into some fiscal meat and potatoes
Sure, I would have liked to see a close at 10+ although what is important to remember, IMHO, is that we were trading at .0005 just 2 days ago.
Some profit taking from the folks that loaded the 5-7's is to be expected, and it constitutes for very healthy trading when a stock churns higher.
Stairstepping and continuing to build a higher base are paramount to a healthy chart - in that regard, $TXTM is performing very well at the moment.
GL
$ICNB - Just a little bit of logic for you:
Publix is not going to "feature" Bellissima and tarnish their reputation, if it is not going to be available in all the Publix stores. When something gets featured, it is so that customers can go looking for it everywhere and anywhere
http://www.marketwired.com/press-release/iconics-bellissima-prosecco-sparkling-wines-be-available-publix-supermarkets-otc-pink-icnb-2233536.htm
Iconic Brands, Inc. (OTC PINK: ICNB) announced today that Bellissima Prosecco and Sparkling Wine is now approved to be sold through the Publix Supermarket Chain, consisting of over 1150 stores. Publix is the largest employee-owned grocery chain in the United States, and one of the top 10 largest-volume supermarket chains in the country. Additionally, the company has been informed that Bellissima Prosecco and Sparkling Wine including our Zero Sugar will be the featured sparkling for Publix "Ad Week" 12/28 right into the New Year, featuring Bellissima prominently in all their circulars and in store advertising.
The company believes with this placement as well as other near term placements of Bellissima Prosecco and Sparkling Wines, the brand will surpass a benchmark of 100k cases this year. The company is projecting revenue for the 4th quarter to significantly surpass the first 3 quarters combined. Mr. Richard DeCicco, Iconic Brands CEO, stated, "I'm very excited with the Publix placement; this in addition to our existing footprint of 44 states nationwide will help Bellissima not only reach but climb through the proverbial tipping point of the brands development.
We got this, let's close her at 10 or higher today.
$TXTM
What I learned on my skin, is don't ever play cutesy with a whale --they will devour you whole.
Apostle didn't just gain those followers by being wrong.
Some folks here know what they are talking about, pay attention and you will do well for yourself.
$AZFL
Could not agree more with that assessment -- Cortez is not going to send ASCM scrambling to cover his short position with tweets and Facebook posts.
Cortez needs to be savvy with his next move, and he should realize that what was given can just as easily be taken once traders/investors lose interest and confidence.
Keeping the momentum going is an art, and the market is watching carefully for certain actions to be taken to ensure the success of the uptrend.
$AZFL
$TXTM - 4 Million Ask Smack on the 10's just now
And that is perceptibly why $ICNB could start to become interesting again.
The dilution is predictable and defined with the debt settlement agreement that was signed a few months back, and now with this Publix deal, it is quite possible that $ICNB has reached critical mass - inflowing revenues outpacing the dilutive trend.
This eventuality is rare indeed in pennyland.
I will be watching to see if Rich can build upon the MOMO though....as that is what will motivate traders to push Iconic Brands higher.
Bid is up to 10.8 million on 9's now...moving up
$TXTM
Agreed Brojazzy, I believe $TXTM just started the PR blitz with today's news.
We'll be hearing more soon, and if it is related to the cannabis license, we all know what that could mean.
Wow, that is definitely a big score for $ICNB shareholders. Publix is by far the biggest deal yet.
This is what $AZFL shareholders must watch for:
What tends to happen in the OTC and on the BB's, is that MM's purposely create a price gap, so that they can backfill it later.
In the case of AZFL, they probably intended to fill the gap earlier, yet with the ever increasing and surging volume we saw here, we ended up with a breakaway gap scenario, and so the MM's had to slightly adjust their playbook, as evidenced by VNDM covering/buying on the bid earlier this week.
It's fundamental and it must be understood that the breakaway gap scenario can only continue provided that strong buying volume remains.
ASCM and the other MM's know this, and they will take their cue from retail. If retail continues smacking the ask, ASCM will be forced to show up on the bid and realign his short book, similarly to what VNDM has done earlier.
On the flipside if/when the buying pressure subsides, ASCM/VNDM can reasonably be suspected to become aggressive, and they will undeniably push to fill the lower gap. And with this scenario, MM's will play into psychology and self-fulfilled prophecies to accomplish their objective.
And that is why in the OTC, one must never take their eyes off of L2 even for a second.
And you have no way of proving your prognosis Malc, since Finra only reports equity short interest on a bi-monthly basis, and as we all know, the dynamics can change in pennyland by the second:
http://otce.finra.org/ESI
All astute traders noticed ASCM showing up for the first time today, and there is no denying that ASCM is a notorious short:
ASCM is the most popular market maker for shorting penny stocks and create a scare when their on the ask close to the current price level. ASCM often appears on very volatile stocks that made a nice move and ASCM looks to short for the price per share correction. When ASCM appears on the bid side close to the price level it means they’re covering their position. In order to cover they need to buy back the shares they shorted so it often provides an area of support.
I thought you learned a valuable lesson on the other ticker not to doubt my L2 analysis/advice...holla Johnny-come-lately
What tends to happen in the OTC and on BB's, is that MM's purposely create a price gap, so that they can backfill it later.
In the case of AZFL, they probably intended to fill the gap earlier, but with the ever increasing and surging volume we saw here, we ended up with a breakaway gap scenario.
It's fundamental to understand that the breakaway gap scenario can only continue so long as strong buying volume remains.
ASCM and MM's know this and they will take their cue from retail... If retail continues smacking the ask, ASCM will probably show up on the bid and realign his book.
Otherwise, ASCM is suspected to become agreesive and he will undeniably push to fill the lower gap. And with this scenario, MM's will play into psychology and self-fulfilled prophecies to accomplish their objective.
I think what happens next depends more on mangement than anything else though.
GLTY
You betcha management has heard of the NSS (ASCM).
Like you said, management needs to be savvy with this conference situation here.
A PR tomorrow could help to restore confidence, and possibly trap shorty with his pants down...JMO
The ball is in mgmt's court.
$AZFL
I think you severely understatement Southridge's greed.
They make money going up and down - the higher they take it... the larger the short ROI
It is like a yo-yo to them... whatever trick they choose.
$ICNB