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Oh wait a minute and another tidbit in the filing. US Ambassador resigns from Board of VTEQ.
Billions of Shares being dumped and he still has to loan himself 45k
WOWWWWWWWW look at those sells the daily dump is alot earlier today look at the trading history ... real early today must want to avoid the afternoon exit
VTEQ embarrassed by even this fluff PR LOL not even on their website. Classic
... and a 2.7M sell ... wait there may be hope a 90k buy
There goes a 9.2M Sell
10 Billion Authorized. Debt repayments require 4.5 billion in dilution. It is a SELL.
Which means more dilution to "build" this system more shares dumped in the name of advancement, no mention of any revenue enhancement. One very important thing as revenues will spell out. VTEQ Does not sell anything other than shares
Of course it is my opinion based on DD and knowledge of what is going on. And the tale of the tape. The facts lay the base for my opinion
All those in at .0003 and .0004 are stuck and there is no way out but a loss or a very long term hold
Certainly not nice diluting 4.5 billion shares and you still have to loan yourself money. Not a good 8k
Look at the trading history and focus on the afternoons everyday millions and millions dumped on the market
The facts are all in the filings. 10 Billion Authorized, and the debt they have requires them to dump 4.5 billion. Look at the historical prices and volume over the last 6 weeks total dilution.
The problem with "calling" is you can't provide verification. I called a month ago was told news by mid January. But I can't really prove it.
These guys really should enlighten shareholders. The whole Canada thing makes no sense. And why would this not have been done months ago when NVSOS was changed. I don't understand why not an 8k saying what is going on. Any thoughts anyone have any links to the the regulations the director Jeff is talking about? Saying exactly what this rule is ?? I have emailed but no response.
You nailed that one. Look at the dumping at the end of yesterday. And the non-stop dumping all through January.
Who is misleading Who ??? WRONG AGAIN ... "for a period of twelve months after the date the Company’s stockholders approve this proposal"
Approval was given on 12/18/2014 Therefore they have the authorization to do an R/S anytime between 12/18/2014 and 12/18/2015.
Who is misleading Who ???
Wrong. Very Misleading and False. R/S Can be done anytime within 12 months. Not after 12 months .... within 12 months!!!!!!!
Approval of granting discretionary authority to the Board of Directors, for a period of twelve months after the date the Company’s stockholders approve this proposal, to approve a reverse stock split in a ratio not to exceed 1-for 1000, or to determine not to proceed with the reverse stock split;
Reverse Merger Unfolding. $DRAG HITEC BOOOOOM....
11/4/14: NV SOS is amended. Dragon Polymers now shows up as Hitec Corp.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=lUaCP3c7Wtoby0V%252faXyqFg%253d%253d&nt7=0
12/9/14: Otcmarkets page for Dragon Polymers is updated with a new director and "counsel." New director Jeffrey Michel is part of Southwood Partners. Southwood Partners website mentions one project as "Hitec Corp."
http://www.swdpartners.com/recent-projects.html
12/10/14: A new address in Jefferson City, Missouri is added. A new phone number is added as well. Someone calls and the voicemail is answered as Hitec.
12/16/14 New Ceo Listed Harvey Buhr Hitec
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=lUaCP3c7Wtoby0V%252faXyqFg%253d%253d
It's just the nature of the business. Traders ...trade. It's not even a matter of blame. That is the strategy, that is their business model. We all have are own. One strategy may be in and out $100 a day no matter what. If you lose oh well move on but that's it in and out total discipline.
10 Billion Authorized Guys 4.5 Billion being diluted to pay debt read the filings
In my experience, I find these wide spreads to be a scare tactic. That low bid is to shake shares. My point was just that when real buying pressure is applied we will move very quickly. When silver hits I see the spread widening. When we hit .20 -.30 the jumps will be even quicker. IMO
BINGO Pennies to silver the spread will fly by the nickel all locked up BOOOOM
60% Spread LOL $DRAG HITEC
It is so amazing. 20k in volume and down 26% So goofy.
Good Morning $$DRAG Hitec
Because they made 500% and thats HUGE. IMO many who bought in the 001's 002's and 003's made awesome money, and many have been buying as it drops. This isnt rocket science. Nov 5th filings changed,... it popped .... December 16 filings updated and changed dragon .. now listed as hitec nvsos .... another pop.... several 8k's coming BOOOOOOOOOOOOOOOOOOOOOOOM $$$DRAG HITEC
The price has been manipulated insanely. It's all a game. We see it EVERYWHERE. How many times do we watch the tape and see 1.5 Million in buys and 50 thousand in sells , but the price is down 35% LOL Or 10 million in sells but 900k in buys and be up 5%. The one thing that makes no sense to me in OTC trading is the lack of rules and constraints on bid and ask. Makes me scratch my head and it gives me headaches, so for me I get in at a comfortable price, and I know what someone is going to have to cough up to get my shares, so the fluctuations in between don't mean much to me.
This is the first one that I have been involved in. My assumption is they can do whatever they want to. However from what I have learned, there are many firms that sell these reverse merger "shells" they have an inventory. Best I can tell the shell can cost between 100k to 1M, the price depends on the quality of the shell. This shell seems fairly clean and share structure is good. So this one may have cost some decent coin. I believe that they could have found whatever they wanted. The DRAG Nylon end of things could have been the reason for choosing this one IDK. And in a nutshell to answer your question my gut says they do nothing, or they reduce shares significantly. The factors we don't know is what is included , is RDH Enviromental included the installation division IEI, and what are the current financials, and game plan, and or current revenues??????????
Lol, isnt that the truth. Trust me I have plenty, and as I said I will proudly chase it also as soon as the 8k drops.
BOOOOOOM $$$$DRAG HITEC REVERSE MERGER CLOSING IN
Exactly, So they actually did trade because we have the suspension notices in June and Canadian shareholders on this board that traded this in Canada. From what I can gather they probably went into "shell mode" right when they released March 2014 "Strategic Update"
http://finance.yahoo.com/news/dragon-polymers-inc-2014-strategic-131322092.html
There was speculation that they forgot to file in Canada, but now it appears they didnt forget, it was on purpose. IMO
Wednesday, 01/14/15 05:17:38 PM
Just thinking this is (AMF) release of DRAG as Brooksda eluded to, the timing looks good.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109926556&txt2find=AMF
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110235904
THE SMOKING GUN $$DRAG HITEC Canadian SEC (AMF)
On January 23rd 2015 there were updates to the AMF website. Are these the updates we are looking for ??????? Anyone familiar with AMF?
The Autorité des marchés financiers (AMF) is the body mandated by the government of Québec to regulate the province's financial markets and provide assistance to consumers of financial products and services
2 FILES DATED 1-23-2015
http://recherche1.lautorite.qc.ca/search?access=p&entqr=0&output=xml_no_dtd&ie=ISO-8859-1&btnG=Search&client=amf_frontal&q=dragon+polymers&ud=1&site=default_amf&noleft=1&oe=ISO-8859-1&proxystylesheet=amf_frontal&ip=173.245.54.80&ID=search&sort=date%3AD%3AS%3Ad1
You're sure right about that. $$$$DRAG HITEC BOOOOOOOOOOOOOOOM
Thanks. Is it just once a month that they update that list do you know?
Don't blame you. It is Friday night after all. A drink sounds good,
$DRAG
TMILZSR POSTED
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110093345
THEN D4WARD ASKED
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110204788
THEN I GAVE THE LINK
http://www.dtcc.com/~/media/Files/pdf/2015/1/23/OTC-015.pdf
UPDATES TO THE LIST OF OTC CLEARED SECURITIES
http://www.dtcc.com/~/media/Files/pdf/2015/1/23/OTC-015.pdf
COMING SOON .. TO SCREENS EVERYWHERE $$$DRAG HITEC BOOOOOOOOOOM
Another piece of the puzzle. Daniel Solomita's Canada LinkedIn page lists Dragon as "Previous" looks like he changed his status in October
"Experience"
Dragon Polymers
October 2010 – September 2014 (4 years)Charleston, South Carolina Area
https://ca.linkedin.com/pub/daniel-solomita/43/735/357