Cool calm collective
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If that's the case that's fraud. Hmm a lot of bad in this situation
I was thinking the same. Maybe this lady in the hearing doesn't know who she really works for. Maybe she works for the umbrella corporation lol
That's why it's best to take those articles with a grain salt. The best intentions are the unbiased ones
Idc about those kind of pieces, they mean nothing to me at all.
Yes, very correct. Great insight.
Read his twitter tweet again before assuming:
"A reminder: I am not accepting new Twitter accounts as followers. If your account was created in May 2021, don't bother.
9:43 PM · May 19, 2021"
Um it doesn't say anything about people that have been on Twitter since the dinosaurs, it says in basic terms accounts just opened or have been opened for a week. Why? Because $RETC's old crooked management probably have moles that are trying to see his every tweet to get an edge.
$RETC
Hey since you think $RETC has a case, here read a couple of examples, let this serve as proof that they really don't.
https://www.sec.gov/files/tradingsuspensions.pdf
https://www.investor.gov/introduction-investing/investing-basics/glossary/information-about-some-companies-not-available-sec
Here is the whole article just in case it doesn't come up:
Information About Some Companies Not Available From the SEC
Investors are sometimes surprised to learn the SEC does not have information about all companies that offer and sell securities. When a company conducts a registered offering or an exempt offering under Regulation A or Regulation Crowdfunding, the company is required to file information about the company, including financial statements, and a description of the offering with the SEC.
If a company, however, conducts an offering that is exempt under a different section, rule or regulation, such as Regulation D or an intrastate offering exemption, although the company may be required to file a notice filing, it is not required to file a substantive disclosure document with the SEC. Investors should be aware that since reliable information about these companies may be scarce, fraudsters may be able to more easily spread false information about the company.
Registration and Filing Requirements
Many companies that sell their securities to the public register those securities under the Securities Act of 1933. These companies must file with the SEC and give investors a prospectus describing the company, including audited financial statements, and important facts about the offering. If a company does not register the offer and sale of its securities with the SEC, the offering must be conducted under an exemption from the registration requirements. Some of the most frequently asked questions about exemptions are contained in the table below together with the respective SEC filing requirements, if any.
Exemption
SEC Filing Requirements
Section 4(a)(2)
None.
Rule 504, 506(b) and 506(c) of Regulation D
Notice on Form D.
Regulation Crowdfunding
Form C, including two years of financial statements that are certified, reviewed or audited, as required; progress and annual reports.
Regulation A
Tier 1: Form 1-A, including two years of financial statements; exit report.
Tier 2: Form 1-A, including two years of audited financial statements; annual, semi-annual, current, and exit reports.
Intrastate Offering Exemptions (Section 3(a)(11) and Rule 147 and 147A)
None.
Employee Benefit Plans – Rule 701
None.
To learn more about the SEC’s registration requirements and available exemptions, see our Small Business website.
Reporting Requirements
If a company registers its securities under the Securities Act, the company must then file periodic reports with the SEC under the Securities Exchange Act of 1934. The obligation to file reports continues at least through the end of the fiscal year in which the registration statement became effective. After that, the company may suspend reporting if the number of its record shareholders fall below the following thresholds:
300 shareholders of record of the class of securities offered (1,200 shareholders of record if the company is a bank, bank holding company or savings and loan holding company); or
500 shareholders of record of the class of securities offered and less than $10 million in total assets for each of its last three fiscal years.
Even if a company doesn’t have to register its securities for an offering, it still may have to file reports with the SEC if the company lists its securities on an exchange or has more than $10 million in assets and a class of equity securities with either 2,000 or more record holders or 500 or more record holders that are not accredited investors.
Finding Information
If a company is not required to file information with the SEC, you may be able to get information about the company from these sources:
From the company. Ask the company for any available information. If the company is small and unknown to most people, you should call your state securities regulator to get information about the company, its management, and the brokers or promoters who've encouraged you to invest in the company. Visit the website of the North American Securities Administrators Association to get the name and phone number of your state securities regulator.
The Secretary of State where the company is incorporated. Contact the secretary of state where the company is incorporated to find out whether the company is a corporation in good standing. You may also be able to obtain copies of the company's incorporation papers and any annual reports it files with the state.
From your state securities regulator. Even if a company is not required to register its securities with the SEC, it may be required to register them with your state. You should contact your state securities regulator to find out whether they have information about a company and the people behind it. Your regulator will tell you whether the company has been legally cleared to sell securities in your state. Visit the website of the North American Securities Administrators Association to get the name and phone number of your state securities regulator.
From other government regulators. Many companies, such as banks, do not have to file reports with the SEC. But banks must file updated financial information with their banking regulators. To find this information, visit the websites of the Federal Reserve System's National Information Center of Banking Information, the Office of the Comptroller of the Currency, or the Federal Deposit Insurance Corporation.
I don't think anyone is saying that, but what were they doing before COVID?
Exactly nothing!
I'm sorry, however I must say that if I heard correctly she has been working with them for three years and besides knowing of differently employees she knew nothing about the company not filing taxes, and since the CEO nor the CFO wants to join the zoom call since they sent this girl to the slaughter house, they can kiss their public status goodbye.
I think you are incorrect actually his lawyer acting clueless was able to let them see just how incompetent the current management actually was. It was in its own way ingenious. Lawyers get paid high pay to know their craft. What they did was expose the stupidity.
I will post this about $RETC and I hope you all take this in a way that helps you in your own way.
Has anyone ever studied art? If not, you should. Art is a way of learning about different entities. You learn it's structure, material, meaning and purpose.
This being said, $RETC is what most would consider bad art, it's something that may have started out as a blank canvass with potential and ended up with no structure, bad material, no meaning and most importantly no purpose. And it makes one wonder why the painter (current management) messed up a perfectly good canvass.
The moral of the story with $RETC is if George Sharp takes over this canvass, it's now becomes subpar art at best, the reason I say subpar because he will need to get rid of the ugly in order to make it easy to the eye again, to which whatever comes in will have to be greater than the first entity.
Learn art, if you do you will understand the stock market with ease.
The company will be more of a success without current management. Current management will run themselves into the ground. They don't even know their own employees and contractors names. Really?
The main fact is that RETC has no chance at redemption. Sorry not sorry. G.S will win this one and even if he has to pay for the shell
It doesn't matter if the last one was contested or not, the fact of the matter is that it was a win.
It doesn't matter if the last one was contested or not, the fact of the matter is that it was a win.
Exactly. That is why I used to be a critic but now after seeing this zoom call and how full of stupidity it was, I can honestly say I am confident in my secretly bought shares. I'm fine with a red day, Monday will not be a red day.
Some didn't listen to that zoom call correctly. Not entirely their fault, but in technicality if they did, and would stop getting their opinion from 3rd party sources for opinions instead of their own they would not have sold, because 8ks are pretty meaningless, since they are more or less informative filings than anything. The panic selling quite frankly is not justified. They need to prove dilution. If they prove that which most of us saw last month then it's most definitely game over for the company, and yes the CEO or CFO could've showed up to the hearings, it's called, get dressed, turn on the computer and open up the zoom page and connect, just that simple.
It actually does. They have several subsidiaries. They were working on new "tech" when they should've been keeping the filings utd.
Technically, without the company reporting for the last 3 years, we don't really know if they have any true operations. Secondly, according to the zoom call, with their subsidiaries they should've been making enough to keep filings utd, however they did not, plus I'm very sure they were given the grant given by the Fed to companies effected by the pandemic, was that not worth reporting?
Yes, precisely, but I'm also sure the court has caught many. If I was the judge I would ask one main question.
"Why was the company working on technology instead of keeping the company updated?" 3 years last I remember that places the company in 2018 until current as to why the company was not reporting to the SEC, and last I remember everything was under normalcy until last year 2020, when covid came to our shore. So what's the excuses? A lot of her responses were "I don't know" or "I don't have information at this time" on top of the fact she is the auditor, just an auditor. They sent her into the lions' den totally unprepared. The judge also brought up a good question one that I believe will come back into fruition with the decision as to "Were the shareholders notified of the company working with the SEC to get current?" And this lady's answer was "No, we didn't want to be seen as manipulating the stock" how can you be accused of manipulation when that is the shareholders right? Smh
Not necessarily, because even though what he says or doesn't say is held by twitter what he does tweet is not a official governmental financial documentational saying. So I don't think this will limit what he discloses in the future.
Listen to the the 49 minute mark, when the judge asks whether or not the SEC reached out to them about updating their filings to get current, this lady said " No, we reached out to them", Really? The SEC is always the first to reach out. Case closed easy peezy.
https://mobile.twitter.com/i/broadcasts/1LyxBdLldQzGN
They did if you really think about it, we can argue that G.S didn't play too much to his strengths yesterday whether purposely or accidentally or both. The fact that still rolls through the judges' head is she has to now figure out how dilution is to the shareholders benefit. This was done by the company or noteholders for whatever reason. I assume they didn't even give the judge a valid explanation to that yesterday, so in all reality easy win for G.S? No not really, but it can still be won. Let's see the trader sentiment in the morning
Yes, I believe so as well. I really don't think the old management has a case to retain. If they did, they wouldn't have looked like buffoons in court today, but in a way I believe G.S was playing into their stupidity, smart, yet not smart when you have outside critics that can criticize that behavior.
I'm very curious to see traders sentiment tomorrow in the morning
I see this is a RM play, of course it's going to recover. However, one that people tend to run away from needs help, unless someone sold to come here all of a sudden, not a very good strategy by that person, but understandable and predictable.
I base my theory on what I have actually seen. It's sad quite frankly, but nonetheless was bound to happen. Some guys don't have vision past one day. They see something climb in a single two hour time period, then grab a position and act like they knew weeks ago this was going to climb. I, for one, will not get in until the absolute lowest projection is reached or maybe I won't buy at all. It has been quite a show to watch though.
No need to have eyes fixated here, best to wait this out and see what happens tomorrow, the MMs or whoever it is that is doing the natural movements of the market, like the natural movements of the waves in the sea, this is most natural. I'm sure if all goes well today, tomorrow will be exciting.
Well some of these "traders" you speak of are all talk no actual bite per say. They always say they bought millions and millions of shares then before the initial drop they will say we sold, or lie saying they still held even though we know they sold
Not so fast, wait until tomorrow, after tomorrow it can go down to trips all it likes
Nothing is planned in the OTC, we should all know that to be true. If this was an organic run then it is just taking a breather before continuing the trek to higher pastures. If this was a pump then yes by all means this would fall regardless of "news", however if this was a pump this was a lousey pump to say the least.
This person has been known to switch his position as soon as the price goes down, I would take what they say with a grain of salt
Funny, this seems to be the pattern, I wouldn't be too concerned with watching this today, as today is court day, however, if anything, tomorrow will be very telling
Funny that people would want this stock up after a 142% rise yesterday. Hmm maybe checking the RSI will help.
Well the situation with the old note holders is pretty irrelevant at this point, the old note holders would not sell at basement prices especially when there is an above 50% chance that they could make even more money than what they would get at these prices. No, this was a last ditch attempt by the former owners of the ticker to try to assert their authority, which whoever ill-advised them to do so, was beyond actual reason. What they should have done, was keep their shares as common shares, and work a deal out with George Sharp before the merge of the new company to sell, or they could have sold their shares to G.S, and let him retire the shares, and then pay themselves with that money. Either way, them diluting was their death sentence. Remember, current management was dumb enough to let this ticker slip away from their grasp, how much easier would it have been to just file the necessary documents quarterly and yearly?
I believe so, because technically the company doesn't exist, so diluting the shares like they did could cause a penalty of some sort.
he buys the diluted shares and then retires them, or there is another way, one the court will have to issue.
So did I but before this post. I did it onthursday. In very quietly.
$GVSI
Learn about art. When you understand a stocks art, you understand that stock.
There will be more, this is following the same pattern as the last G.S success story.