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The Catalyst is today's Press Release!!! = 12 Retech & it's Subs receive Institutional, revolving Lines of credit, to expand opperaitions !!!
~~~ Loading & Holding ~~~
GLTY
Hey 'pb' - Looks like the waiting is going to pay off for us now!
The Real Break-out Begins Now!!! - Heading back to .01 or Higher ! - IMO
~~~ Loading & Holding ~~~
RETC - Press Release Today; 12 Retech & It's Subsidiaries - Receives Institutional, Revolving Lines of Credit!
From Today's Press Release;
12 Retech & It's Subsidiaries Aquire Revolving Lines of Credit!
Las Vegas, NV & Hong Kong, April 25, 2019 — 12 ReTech Corporation (OTC: RETC) announced today that it has evolved to the point where the Company and its subsidiaries now have access to more traditional financing than the convertible debt instruments that it has relied on previously.
With the acquisition of Red Wire Group, the Company now has access to a $50,000 traditional secured revolving bank-line of credit (RLOC) with Red Wire Group’s local Utah based bank. This credit line functions as an overdraft tied to Red Wire’s checking account and has an annual interest rate of Prime plus 2.5%
Rune NYC, LLC has just executed a $1.5 million dollars revolving factoring credit line with Florida based Capital Funding Solutions (“CFS”). Factoring is a standard form of financing in the Fashion Industry and the amount offered is indicative of the faith that CFS has in the growth of Rune NYC, 12 ReTech’s newest subsidiary.
12 ReTech itself has executed a PIPE (Private Investment in a Public Entity) funding agreement with an institutional and accredited investor whereby the investor will provide funding to the Company with up to $500,000 by purchasing preferred shares that are convertible at a later date into common shares in a no discount to the market formula (see Form 8-K dated March 20, 2019). The [/b]Company has already drawn down $115,000 under this arrangement.
~~~ Loading &Holding ~~~
12 Retech - Poised For Explosive Growth - 2019 & Beyond!
All Emerging Growth Companies have to deal with unexpected challenges and last year, for RETC, was a good example of that!
Last year 12 Retech was poised for explosive growth, with three Acquisitions ready to go, financing that came with a commitment to NASDAQ, and Hedg Fund interest! - Unfortunately, the unexpected happened and circumstances beyond their control, postponed the closure of the Acquisitions and everything that was to follow! - Unfortunate but, it happens!
The Good News is; 12 Retech hung in there and again, is poised for explosive growth, for this year - 2019 & Beyond!
With growing revenue's, and the closure of Red Wire & Rune, RETC is clearly in Break-out mode !
Note: All three of last year's Acquisitions are still on the table, with several more in the pipeline !
The Investment Community will catch up to this soon! - So . . .
" Don't Miss the Boat and Get Left Behind! "
~~~ Loading & Holding ~~~
~~~ GLTA ~~~
LOL - .10 Will Be Cheap Soon ! - IMO
Yep - 47.8m Shares, Cross-trade - Looks Like Something Big Is Brewing!
~~~ Loading & Holding ~~~
I understand 'sam' - and obviously, shortly after that post, in 2017, Orie realized the timing wasn't right for PR.
However, I do think a well organized PR program will be set in place as soon as the 1-A Public offering and the pending, Acquisition have been completed!
Just a gut feeling - but - I think all of this will take place over the next 60 to 90 Days!
~~~ Loading & Holding ~~~
OK - That was two years ago - how is that relevant now?
Do you realize this is a post that was posted in 07/14/2017 - ?
Was this posted in error ? - What's up - sam ?
Good Things Are Coming!
However - For now - Looks like we are in a waiting mode!
~~~ Loading & Holding ~~~
Good Things Are Coming !
However - for now - Looks like we are in a waiting mode !
~~~ Loading & Holding ~~~
Wow - Is this the New logo ? - Pretty sharp!
This Is A Great Overview of The Public Offering - "sam"!
Hope you will stickie this, for all to read and reference to!
~~~ Loading & Holding ~~~
~ :) - Back at cha!
Took me three days to get filled ! - Had to take advantage of this short delay!
~ Anticipate News Out Soon!
~~~ Loading & Holding ~~~
Yeah - This is Great News !
And it will only, keep getting better, from this point on! - 1'st Qtr Report will be out next month!
~~~ Loading & Holding ~~~
Yep - Saw that - Nice ! - Should be moving up, soon as note clears !
Stay Tuned: More News Coming !
I just got filled ! - Will have more funds next week!
~~~ Loading & Holding ~~~
You Are So Out of It !!! - No more caffeine for you !!! - LOL
~~~Loading & Holding ~~~
12 Retech - A letter To Shareholders's - April 18, 2019
From The Letter:
Dear Fellow Shareholder(s):
" First, I would like to take this time to thank many of our stakeholders including our employees, vendors, and most importantly our shareholders for their strong support throughout the last two years. Through a disappointing slump in our stock our stakeholders continued to work hard to turn our ambitions into reality. That hard work is now, in the first quarter of 2019, beginning to bear fruit!"
~~~ Loading & Holding ~~~
The Real Issue Here is Timing !
If the Note holder wanted to be nice, they would have consulted with Orie and picked a better time for the conversion process! It's unfortunate - but - it is just a temporary delay!
As soon as it's done - we will run!!!
~~~ Loading & Holding ~~~
Sounds Good 'maz' - Glad to see you back!
~ Looks like we could have a double header - coming up soon! - (Here & the Other)
I'm anticipating News - on both fronts - Soon !
~~~ Loading & Holding ~~~
Don't try and understand em, just rope, tie and brand em . . .!:)
From Press Release - April 16, 2019 !
Angelo Ponzetta commented,
"Our business plan for 2019 includes the profitable expansion of our EFG, Rune and RWG operations. In order to break even in 2019, we are expanding our existing operations while working on additional acquisitions. New targeted acquisitions will complement what we are doing today, have a good profitable book of business and offer strategic synergy for our future plans in both consumer-brand platform and retail technology. Look out for both operational expansion and acquisition announcements in the coming months."
12 Retech is definitely in - Break-out Mode - And moving up from here!
First Qtr Report Coming - & - Second Qtr Report = Big jump in Revenue!
~~~ Loading & Holding ~~~
RETC - # 15 On The "Breakoute Boards" - Today !!!
Good Observation - I agree 100% ! - LOL
~~~ Loading & Holding ~~~
Good Lock - We could see a pop tomorrow! - Maybe ? - LOL
~~~ Loading & Holding ~~~
~~~ COHO = $$$
I agree - The company's PP's are completely under-valued! - Should be moving higher soon!
These low prices will be history soon! - Picking up .0006's today! - GLTY
With MAXM Out of The Way & 250% Gain In Rev's;
This should easily, run to - .0025 / .003 - Over the next few days! - Target Price = .01 - IMO
~~~ Loading & Holding ~~~
This Is The Surprise I Spoke of Yesterday;
Angelo Ponzetta continued, “The other issue that has hurt us is that our convertible note financings have caused a large amount of dilution in our outstanding stock over the past nine months. While, we still have this issue, the dilutive effects of stock coming to market through this mechanism has slowed. We are working diligently to eliminate this problem.”
It was very - Transparent & Honest - for Angelo to address this issue, in this manner! - IMO
~~~ Loading & Holding ~~~
Hmmmm - Wonder who that was ? - lol
We Want Strong Hands In This Now!
A steady, strong move up will leave the two-tic-traders behind !
It's time for RETC to move back to - Copper & Silver !
~~~ Loading & Holding ~~~
12 Retech: Our Technology Strategy:
Management believes that adoption of our software technology and strategies by physical and online retailers and merchants is the only way for them to combat the threats posed by Amazon and Walmart. Additional threats are posed by Google and Facebook (which also owns Instagram), that together with Amazon dominate the vast majority of online searches. Our technology platform will provide some alternatives to the “Big 4” (“Amazon, Walmart, Google, and Facebook”), as well as being better able to utilize the tools and reach of the Big 4.
Here’s how:
With adoption by major retailers of our 12 Mobile APP, consumers will now be able to shop multiple brands from one platform, get valuable information within the physical stores, fully utilize our interactive 12 Mirrors and 12 AD Screens inside their stores, and share their experiences with others- resulting in building that retailer’s brand. Our engaging software creates experiences for shoppers to get them back into the stores where the retailers can compete much more effectively with the Big 4.
For retailers, our API’s can connect the retailer’s ERP systems and payment processing to our administrative APP on our platform. This allows their sales associates to have all the information at their fingertips that a consumer could want to know like: where the product is made, information about the warranty, what colors it comes in, care instructions, and how many are in stock, as well as price. It also provides suggestions of what else to offer the customers directly at the time of purchase to increase the sales ticket and improve consumer satisfaction. This minimizes training time, allows for less sales people on the sales floor while providing superior customer services (no more waiting on lines at a register). These processes increase revenue and lower costs. Our technology encourages consumers to share information about items they like and purchases they made creating engagement with their extended network and friends.
Our platform, which we market as the 12 Technology Suite, is modular, and allows each retailer to custom tailor which products or services will best engage their consumers creating experiences unique to their stores. Retailers easily manage all aspects of our platform from the 12 Dashboard , which allows them to add products, change offers, and push offers to consumers on the network easily and efficiently.
That's A Good Question! It will depend on two things;
1) Peoples interpretation of the 10-K & - 2) Their vision of the company !
~ The second qtr should show a big increase in revenue, & isn't that far away! ~
~~ As for me; I'm . . .
~~~ Loading & Holding ~~~
It looks like all the Moderators have left.
I have an idea for the company - Is there anyone here I can have a serious conversation with - It needs to be a PM. ???
Leave me a PM. - Thanks
~ Notice - Annual Report, 10-K is Out - 4:01pm - Monday, 04/15/2019 ~
~~~ " Looking Good - With A Nice Surprise !"
~~~ Loading & Holding ~~~
That's Great ! - And the 10-K should be out later today!
The Surest Way to Get Those .0006's Tomorrow !
Put in a Pre-market Order - Depending on the buying pressure - You might get lucky!
Worked for me, the other day - for .0003's !:)
~ GLTY ~