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No based on the info in the 8k we know that the Wei Tian he posted is the wrong one. We found the correct Wei Tian. Check the DD posted. We know he is in the shadows right now but we know that one he just mentioned is not the correct one.
Please dont post that as it is very incorrect. Wei Tian is a common name and we have already identified the correct wei tian. Thank you
The way this thing moves I can see it taking off with news. I'm slowly building a position.
Do you have a nice position in this play?
This thing is tight!!!! I am getting my order filled on the ask like 1000 shares at a time smh. This is gonna explode on news!
blah blah blah. Death is coming also. That doesn't mean its coming anytime soon.
Same here and I'm riding free shares :) So it's to the moon ... ;)
Share Structure Info!!!
For those trying to debunk Noobs S/S calculation I have some proof that should make things clear.
Look at the XMET 8k from the sale of preferred shares (below)
David Lazar was also the sole officer and director of Shentang International, Inc. (“Shentang”), which is a blank check company. On April 29, 2020, Plentiful Limited, a Samoan company, purchased 10,000,000 shares of Shentang’s preferred stock, par value $0.001 per share, representing 98% of the voting stock, from Custodian Ventures for $225,000. This concluded Mr. Lazar’s association with Shentang. A business combination has yet to occur. Shentang has not registered any offerings under the Securities Act.
Now look at OTC site where SHNL shows Authorized share amount of 990,000,000 and O/S of 20,000,000.
Now let’s look at the 8K filed when Lazar sold SHNL.
On April 29, 2020, Shentang International, Inc. (the “Company”) entered into and closed the transaction contemplated by a stock purchase agreement (the “Stock Purchase Agreement”) between the Company, Plentiful Limited, a Samoan company (the “Purchaser”), and Custodian Ventures, LLC, a Wyoming limited liability company (the “Principal”) controlled by DAVID LAZAR, an individual (together with the Principal, the “Seller”), the controlling shareholder of the Company. Pursuant to the Stock Purchase Agreement, Purchaser purchased 10,000,000 shares of preferred stock (the “Shares”) of the Company from the Principal. The full purchase price set forth in the Stock Purchase Agreement is $240,000, or $0.024, per share. Upon the closing, $225,000 of the purchase price was paid to Principal, and the balance of $15,000 will be paid once the Company’s common stock has received full DTC eligibility approval, subject to the condition that such approval must be obtained by June 5, 2020, or a later date as agreed by Purchaser. The Company’s common stock and preferred stock have different voting rights whereby one share of common stock is entitled to one (1) vote and one share of preferred stock is entitled to one hundred (100) votes. The Shares represent approximately 98% of the Company’s outstanding voting power as of the closing. Accordingly, as a result of the transaction, Purchaser became the controlling shareholder of the Company.
Purchaser acquired the Shares and now owns the following percentage of the outstanding preferred stock of the Company:
Number of Shares Percent of Preferred Stock
Plentiful Limited 10,000,000 100%
A. Principal is the owner of 10,000,000 shares (the “Principal Shares”) of the Series A Preferred Stock of the Company, par value of $0.001 per share, representing approximately 98% of the outstanding voting power of the Company, as of the date hereof.
B. Principal intends to sell and Purchaser intends to purchase the Principal Shares, for an aggregate purchase price of $240,000, or $0.024 per Principal Share, subject to the conditions set forth in Section 2(c) below.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein contained, the Company, Principal and Purchaser hereby agree as follows:
1. Purchase and Sale. Principal shall sell, transfer, convey and deliver unto Purchaser, and Purchaser shall acquire and purchase from Principal, the Principal Shares.
2. Purchase Price.
(a) General. The purchase price (the “Purchase Price”) for the Principal Shares, in the aggregate, is Two Hundred Forty Thousand Dollars ($240,000), payable as specified in this Section 2 subject to the other terms and conditions of this Agreement.
(b) Partial Payment at Closing. At the Closing, Purchaser shall pay to Principal Two Hundred Twenty-Five Thousand Dollars ($225,000) of the Purchase Price against delivery to the Purchaser or, at the request of the Purchaser, to the Company’s transfer agent, of certificates representing the Principal Shares along with a medallion guaranteed stock power in form satisfactory to the Purchaser.
(c) Final Payment upon Delivery of Proof of DTC Eligibility. Purchaser shall pay to Principal the balance of the Purchase Price equal to Fifteen Thousand Dollars ($15,000) upon the delivery to Purchaser by Principal, no later than June 5, 2020, or such later date as agreed by Purchaser (the “Compliance Due Date”), of evidence satisfactory to Purchaser of compliance with the post-closing covenant set forth in Section 9(d) of this Agreement. Failure to comply with this covenant by the Compliance Due Date shall result in the Purchase Price being reduced to Two Hundred Twenty-Five Thousand Dollars ($225,000) and being deemed having been paid in full.
Same voting % language and same math and it adds up!!! This is not a fluke!!!
What do you consider "real money"?
The point Im making is that it doesn't remove shareholders. I know what a reverse split is. MY point ONCE AGAIN is that the number of shareholders is the same. The way you worded it some ppl may have thought they would lose their shares.
How does a reverse split remove the current shareholders? I agree a reverse split wouldn't be good but lets not make stuff up either.
Not in the OTC where news affects volume. That's common sense.
You are proving our point Thall. Since he owns 0 common shares and he has approx 93% of voting rights ON A FULLY DILUTED BASIS. That means his 100 million shares fully diluted to 10B at a ratio of 100:1 is equal to 93%. so the 7+% of commons must be low share number. If not you are contradicting yourself.
Damn no wonder we don't have an accurate share count. Xmet owes the damn transfer agent lol. Damn the original owner was terrible lol.
Its not that he sold its how he did it. And then made it seem like he had no way of telling ppl what was going on. Now miraculously he is active everyday in another group but can come back here and call this a scam.
Dummy I'm an entirely different person. You are just being an ass.
What's your problem?
Games are definitely being played by MM's with this. No way we shouldn't have cleared 13's already...
Nicework!!!!! Bust open those floodgates!
There is a court date for a status update on this custodianship where any changes can be reported. Big news could be released before that day or on that day.
What proof do you have of this???
I know thats why I wanted to know what KD!#'s thoughts were?
I'm the one who originally posted this DD. I'm asking if it was posted on ST because I don't have an account there.
Is there any way you can explain the 93% voting rights?
Where?
YESSSS!!!! Those both match!!!!
Thank you for the info and the explanation.
By definition you cannot prove the existence of something that does not exist. So if no claims were filed what would the court rule on? Also you are saying Nov 11th the court started the claims process and he waited 30 days to file an affidavit with the court? And there is another court date coming before the 30 day period is up. That just doesn't seem logical.
So tell me when it ends? It started Nov 10th or 11th so when does it end?
You do know proof of claims completed already right? The affidavit of publication is the completion of proof of claims. It was Lazar swearing that he took out an ad to give anyone a chance to step forward.
Nice .0011 close :)
How do you know how many votes are in your shares? I would like to see how many votes I have.
ah ok cool
What you are saying doesn't mathematically make sense though. If the preferred 100M shares are worth 10B votes at 93% than the commons could not possibly be 9B or anything close to it at 7%. It would have to be 750M+ for the formula to be correct.
Yea MM's are def manipulating. It's clear as day.
What it means is he purchased 100 million preferred shares for $220k. The preferred shares give him 93% voting control of the company. Its a public company so he cant own the company he can only own his shares. However voting majority gives him the authority to make any changes he wants because we cant outvote him. Each of his 100M shares preferred is convertible to 100 Common shares. 100Mx100= 10Billion. So if he was 93% that means the common shares are worth 7% and you can do the math to come up with 750M+ common shares.
Ok guys I'm back at it tonight a bit closer than I was last night!!! Maybe someone can take this a step further and we can figure this puzzle out!!!
https://www.motianguan.com/w/index.php?title=%E6%B3%B0%E7%A6%BE%E7%A6%BE%E6%82%A6%E5%B9%BF%E5%9C%BA&variant=zh-hant
Once you paste this in browser you have to translate to English...
Happy hunting!!
Nice strong close today . Lets hope for news for a great Friday
not same wei tian. Hopefully it is a tech play though.
NKLA has a market cap of 6.5B USD... You circled 10B Yuan which is about 1.5B USD... I'm just posting what I found. Maybe it can get us 1 step closer... Who knows...