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Yes, and I am normally OK with that - however -
I do think that current events deserve an explanation as soon as possible!
Yep - I Agree ! - Just need to be patient - load & hold!
Not much to say till we hear from the company ! - Imo
Undoubtably - With Our Two Recent Acquisitions;
The 1'st Qtr Report will show a healthy Increase in Rev's !
However, I anticipate an even greater jump in the 2nd Qtr rev's - when combined with our US Subs and our European Partners - as stated in recent PR !
Without a doubt; A Reversal is Coming !
~~~ Loading & Holding ~~~
I Just Noticed This; Just curious - ( Is Everyone OK with this ? - Thoughts ? )
HENDERSON, Nev., April 16, 2019 /PRNewswire;
Grow Capital, Inc (OTCPK:GRWC) announced a successful capital raise for use by the company in execution of its current business plan. The Company's plan is focused on moving the Company away from cannabis related activities and into an acquisition strategy focused on financial technology, or "fintech" and complementary companies. GRWC Short InformationJoin the GRWC DiscussionWrite an Article on GRWC
"Yes, GRWC was once associated with the blooming marijuana industry," said CEO Jonathan Bonnette. "In stark contrast to the hundreds rushing to that un-federally regulated sector, we are moving to a model that plays to our strength and vision in the FinTech sector that has an anticipated growth rate of more than 18.40% over the forecast period 2018-2025."
The funds were raised by issuing and selling 9,523,812 shares of the company's common stock to eight individual accredited investors.
"Our business model has really come into focus," said board president Wayne Zallen. "Identify companies that complement our vision, with strong leadership and a clear niche, acquire them, mentor them, and watch them grow. The capital we raised will be directed to that mission."
The per share purchase price was set by the Company's Board on March 27, 2019 based on the closing price of the Company's Common Stock at the time of approval of the issuance, with any purchaser that purchased at least $100,000 in shares receiving a one cent per share discount.
At the closing, the Company received aggregate gross proceeds of $600,000.
An SEC Form 8-K was filed on this topic.
Patience Is The Key Here!
A Turnaround is coming - With Increased Earnings !
From The May 1'st, 2019 - Press Release:
12 ReTech Announces Significant European Revenue Commitments Coupled With Expense Reductions !
"Las Vegas, NV, Hong Kong and Zurich Switzerland, May 01, 2019 (GLOBE NEWSWIRE) -- 12 ReTech Corporation (OTC: RETC) announced today that it has signed technology license agreements with Coppola A.G. whereby they will license 12Sconti and continue efforts to grow and support its recent deployment in Zurich. They have also agreed to license the 12 AdScreen software, purchase and install hardware in order to launch the Visore advertising concept in six or more major European cities."
The hard work is done - The Expansion has begun!
~~~ Loading & Holding ~~~
Smart move - Imo
The Announcement of Institutional Funding is a Great Signal of RETC's Recovery!
However - The Real Catalyst for gaining the "Confidence & Trust" of shareholders and new investors, will come with - "Increased Revenue and Sustainable Earnings Growth" !
The Good News; It will all start with the 1'st & 2'nd Quarterly Reports for - 2019 !
Note; 1'st Qtr Report will be out - on or before - the 15th of this month! - ( Just 7 business day's away )
A Big Turnaround is Coming ! - IMO
~~~ Loading & Holding ~~~
~~~ GLTA
Just Out of Curiosity - Do you know why the AS was raised to 8 billion ?
Quietly waiting for News! - And . . .
~~~ Loading & Holding ~~~
If You Notice - I Only Focus on Facts & Current Events!
Yes, dilution has been a problem - most of us understand that - but - that is quickly coming to an end!
The company is turning things around and now is the time to focus on the positive - not the negative!
A big move is coming - so - Support the company or Not - it's up to you!
~~~ Loading & Holding ~~~
All Current Events Point To A Major Turnaround For 12 Retech, in 2019!
First Qtr = The Closure of two Acquisitions = Increased Earnings!
Second Qtr = Company and Subs. Receive Institutional Funding = Big jump in "Cash Flow!!!"
Possible closure of one or more - Pending Acquisitions - in second Qtr! = $$$
European & Asian Expansion in - 2019 = $$$
~~~ A Big Move is Coming !
~~~ Loading & Holding ~~~
Yes - Rune is Revamping It's Website;
Getting ready for a New and Expanding, 12 Retech, International Market!
A Break-out is coming!
~~~ Loading & Holding! ~~~
Ok - Thanks! - Probably a busy time for Orie right now!
Have a good weekend!
Thanks - was there any word from Orie today?
I Agree - Many are grabbing what they can, knowing these prices won't last much longer!
I know the financials for the 1'st qtr will be up - but;
I think the 2nd qtr financials are going to surprise a lot of people!
~~~ Loading & Holding ~~~
Wow - Did You Notice;
Someone wiped out the .0006 offer in the lest few seconds of trading, today !
" Jumped from from $130m+ to &145m+ "- At the close!
~~~ Something is brewing! - IMO
I Agree 'B' - Runs like that happen quite often and could easily happen here!
With increased Rev's and the closure of at least, one more Acquisition;
I anticipate a move back to .01 / .10 - in the next three to five months!
~~~ A Reversal is Coming !
~~~ Loading & Holding ~~~
Vert Strange Indeed ! - Where are all the Bull's today?
All Current Events Point To A Major Turnaround For 12 Retech, in 2019!
First Qtr = Closure of two Acquisitions = Increased earnings!
Second Qtr = Company and Subs. receive Institutional Funding = Big jump in earnings !!!
" It's Not Rocket Science ! " - The writing is on the wall ! - Lol
~~~ A Big Move is Coming !
~~~ Loading & Holding ~~~
Thanks 'morg' and I agree' - The Process needs to be followed!
I'm sure that Orie is doing everything he can to expedite this as quickly as possible!
I think most people here get it, even if some don't!
~~~ Loading & Holding ~~~
Thanks - Was looking -but - no luck so far !
OK - Thanks - Will do!
Hi 'Car' - Speaking of Mergers - Did you hear that COHO'e , anticipated Acquisition - could actually turn out to be a Merger - with a Private company, that wants to go public?
COHO has filed a 1-A Public Offering for 10x it's PPS !
Something is up & it could be big!
~~~ FYI
Agreed - Lol !
Yep - but - Luckily, I'm a good sailer and know how to navigate in rough waters! - Lol
To Bid Sit or Slap The Ask - That is always the question?
One day, - I suspect - you will look back and laugh at your statement! - LOL
~~~ Loading & Holding ~~~
Thanks - !:) - Loading .0005's & Up ! - LOL
I wish that were the case - but - unfortunately, NOT ! - LOL
With all the negative comments floating around, it's important to keep things in perspective!
12 Retech is in "Recovery Mode" and as a moderator here, I feel it's important to keep people well informed - as the company moves forward!
The day's for picking up cheap stock, will be coming to an end soon! - IMO
~~~ Loading & Holding ~~~
~~~ GLTA
I Hear You On That One ! - COHO is getting ready to Pop ! = $$$
About 12 ReTech Corporation:
At our core, we are a software company whose technology allows retailers to combat the dual threats of Walmart and Amazon -- both online and in physical stores. Our microbrand rollup acquisition strategy allows us to demonstrate the effectiveness of our software, devise and test new products, while providing shareholder value through immediate revenue and earnings growth. The Company operates through our subsidiaries on three continents: 12 Hong Kong, Ltd., 12 Japan, Ltd., 12 Europe A.G., 12 Retail Corporation (and its subsidiaries in North America, including Emotion Fashion Group, Inc., Red Wire Group, LLC and Rune NYC, LLC). For more information please visit our website at www.12ReTech.com.
Note; 1'st Qtr Report - 2019 - will be out soon!
~~~ Loading & Holding ~~~
This is well written 'Don' - but why so cynical ? - You are obviously an educated man!
We could use you in the rooting section!
'sam' - NASDAQ is at least two or three years in the future!
I'm concerned about the status of our present situation! Where do we stand with the 1-A Public offering? Is it back on? - And what happened to cause all the confusion?
Hey 'sam' - been on the court for the last three hrs.
What is the latest on our situation? - Sounds like the 1-A wasn't canceled ! - ?
Today's News Was A Great Up-date, on Our European Progress!
The main objective here is - for 12 Retech to demonstrate it's ability to increase the Revenue & Earnings necessary to enter & compete, in the Multibillion-dollar Retail & Marketing Industry!
With increased earnings & the closure of one or two more Acquisitions,- by mid-year - the concern for RETC's success, will no longer be in question!
Keep In Mind; 12 Retech is an International Company, Opperating on Three Continents!
The 1'st Qtr Report will be out soon!
~~~ Loading & Holding ~~~
The Turn-around Has Already Started!
If you can't see that and be happy about it - sorry - but I can't help you.
I'm thinking Orie has something good - up his sleeve !
We should know soon!
Coppola has been mentioned in previous Press Releases - With a little DD, you will find it.
From Today's Press Release;
Las Vegas, NV & Hong Kong and Zurich Switzerland, May 1, 2019 —
12 ReTech Corporation (OTC: RETC) announced today that it has signed technology license agreements with Coppola A.G. whereby they will license 12Sconti and continue efforts to grow and support its recent deployment in Zurich. They have also agreed to license the 12 AdScreen software, purchase and install hardware in order to launch the Visore advertising concept in six or more major European cities.
This new structure has the effect of eliminating almost all the expenses of 12 Europe A.G. and allows the Company to turn the European operation into a royalty based business model and profit center. The Company will continue to generate revenues from the Company’s proprietary technology and applications while eliminating almost all of the ongoing operating costs and the significant investment required for the expansion of 12Sconti and the implementation of Visore. Initial revenues will be derived from our licensing fees for 12Sconti, which is gaining ground with Jelmoli and additional Zurich based retailers.
Angelo Ponzetta the Company’s CEO commented, “We had been investing heavily in the European market and started to see progress. Our initial efforts proved out the viability of our technology and retailing concepts. Now, we are transforming our operations into a more profitable business model in Europe. Our partner, Coppola A.G. will invest in all aspects of Visore and 12Sconti, continuing to build on our initial efforts. Our projected licensing fees are equivalent to the operating income that we had previously projected had we continued to develop and expand our own organization in Europe.”
~~~ A Big Move Is Coming !!! ~~~