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A little bit of a low volume take down on a Friday. Not a big deal
Yes, me too. You are right. People are sleeping on this one
Yes before November 30 2020. That is when their 2nd quarter fiscal period ends.Their fiscal year end 5/31/20. They said in their filing they expect the merger to close before the end of the 2nd quarter.
Maybe because the company doesn't have a registered agent in Nevada. The previous registered agent resigned and the opening has not been filled. You can find that in the NVSOS filings
Yes, Guangde Cai founded WeTouch in 2011 and is the major shareholder. Jiaying Cai is listed as a major shareholder in the WeTouch Prospectus from 2017. Although at a much smaller level than Guangde Cai. So there appears to be a Jiaying Cai connection. Guangde Cai actually founded the company.
The business was founded in 2011 by Guangde Cai who is the major shareholder of the company and he had personally funded it to date, in addition to a $20 million research and development grant from the Chinese government
https://www.afr.com/technology/chinese-touchscreen-manufacturer-wetouch-the-latest-foreign-firm-to-hit-the-asx-20170517-gw720g
On Page 121 - Section 10.6 Existing Shareholder Interests
Below the chart Points 1 and 2
(Guangde Cai is mentioned in the Prospectus as the major shareholder)
(Jiaying Cai is mentioned in the Prospectus too as a shareholder)
(Maybe Guangde Cai is her brother or husband?)
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF
What will the market capitalisation of the Company be upon listing on ASX? (Pg 20)
Based on the Offer Price of A$0.40 per Share, the market capitalisation is expected to be A$70,000,000 if the Minimum Subscription of 35,000,000 Shares is reached or A$80,000,000 if the Maximum Subscription of 60,000,000 Shares is reached
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF
(But they never did list on the Australian Stock Exchange imo)
Yes, that appears to be correct
Page 121 - Section 10.6 Existing Shareholder Interests 1 and 2 from 2017 Prospectus when they were planning on going public on the Australia Stock Exhange:
(Guangde Cai is mentioned in the 2017 Prospectus as the Major Shareholder and Company Founder)
(Jiaying Cai is mentioned in the 2017 Prospectus too as smaller Major shareholder )
Maybe Guangde Cai is Jiaying Cai's brother or husband? She is listed among the major shareholders of WeTouch. Maybe that is why she is listed as President on the NVSOS site. Regardless, the address and phone number listed on the company website match with WeTouch
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF
WeTouch Technology LTD - They also go by the names Sichuan VTouch Technology LTD, Sichuan We Touch, Australia We Touch Technology LTD. (They are in the rapidly growing Touchscreen Technology Market)
Here is their website
http://www.de-wetouch.com
The contact information from the WeTouch website appears to match some of the contact info for GLFW on NVSOS and OTC:
The address listed on the We Touch company website closely matches the new address listed under GLFW on the Nevada SOS site:
The 3rd Main Avenue, Shigao Economic Development Zone, Renshou County, Meishwan Sichuan, PR China - (Co. Website)
The 3rd Main Boulevard, Shigao Economic Development Zone, Resnhou County, Meishwan Sichuan, 62000 China - (NVSOS site)
The 3rd Phone Number listed on the co. website under contact info, matches the phone number listed on the GLFW OTC page (028-37390666)
http://www.de-wetouch.com/contact_us/i=22&comContentId=22.html
WeTouch Technology was going to list on the Australian Stock Exchange in 2017 but imo never did.
There is a stock Prospectus on the company which is linked down below.
Jiaying Cai who is listed as President on NVSOS is mentioned in the Prospectus down below as a smaller shareholder of WeTouch.
Guangde Cai is listed in the WeTouch Prospectus (linked below) as the major shareholder and founder of the company
(Maybe Guangde Cai is her brother or husband?)
Business Site with Estimated Revenues Etc.
$10 to $50 million in revenues
100 to 500 employees
$50 t0 $100 million in output value
(And it contains the proper link to the company website)
https://molly190429.en.ec21.com/company_info.html
WeTouch Group LinkedIn page:
WeTouch is the largest manufacturer for 5 wire/4wire resistive touch screen and surface capacitive (CPAP) touch screen/Touch monitor in China
Most of our touchscreens are used in industry control, GPS, POS Terminals, Medical Industry, information kiosk, Gaming machine, payment kiosk and others
We share a big market in China and all over the world of the industrial control touch panels, such as Simens, Raffi, Mimo, Premio, Flytech,POSLAB, Posiflex
200 to 500 employees
https://www.linkedin.com/showcase/wetouchscreen
Here is the Australia WeTouch Technology LTD Prospectus (from 2017)
They were going to go public on the Australian Stock Exchange ( ASX) in 2017 but never did imo
Page 6 Section 1.2
The main operating entity of the Group, Sichuan VTouch Technology Limited Company (Sichuan WeTouch), is engaged in the development, manufacturing, sales and servicing of medium to large sized touchscreens. Sichuan WeTouch’s products are used in a large range of industries, including finance, automotive, industrial, retail, gaming, lottery and medical, and the “WeTouch” brand is highly recognised and respected in these industries
Page 8
Sichuan WeTouch’s touchscreen products are sold to a range of institutional customers. Its top key existing customers are: > Hong Kong Caibo Tech Co., Ltd; > Shenzhen City Diret Technology Co., Ltd; > Shenzhen Soling Industrial Co., Ltd; > Canon (Suzhou) Co., Ltd; > Multimedialink; > Mesada Technology Co., Ltd; > Siemens Industrial Automation Products (Chengdu) Co., Ltd; > Shenzhen Tokwa Precision Technology Co., Ltd; > Suzhou Weinview Co., Ltd; > Telerex Nederland B.V.; > Taiwan Yili Electronic Industry Co., Ltd; > Omron (Guangzhou) Car Electric Co., Ltd; > Hong Kong Car Control Technology Co., Ltd; > Thai International Trade (Shenzhen) Limited Division; > Computer Express LLC; > Schneider Electric (China) Co., Ltd; and > AKG Technologies Inc.
Page 72 Section 6 Financial Information
Revenue has increased from A$3.203 million in 2014 to A$4.294 million in 2015 (a 34% increase), and to A$21.323 million in 2016 (a 397% increase) - A = Australian Dollars
In the first quarter of 2017, there is an order intake amounting to 130 million RMB
The gross margin is 30.7% in 2014, 83.5% in 2015, and 53% in 2016.
From the second half in 2016, the company went into mass production mode resulting in lower unit production cost, and coupled with the substantial growth in overseas sales which are more profitable, saw an improvement in its gross margin compared to 2014.
Page 20
What will the market capitalisation of the Company be upon listing on ASX?
Based on the Offer Price of A$0.40 per Share, the market capitalisation is expected to be A$70,000,000 if the Minimum Subscription of 35,000,000 Shares is reached or A$80,000,000 if the Maximum Subscription of 60,000,000 Shares is reached (A = Australian Dollars)
Page 121 - Section 10.6 Existing Shareholder Interests 1 and 2
(Guangde Cai is mentioned in the Prospectus as the major shareholder)
(Jiaying Cai is mentioned in the Prospectus too. Maybe Guangde Cai is her brother or husband?)
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF
Here are two articles from 2017 on WeTouch:
WeTouch, which is based in Sichuan Province, has grown rapidly since it was founded in 2011 by major shareholder Guangde Cai.
It now employs more than 300 people in China producing medium to large scale touch screens for a variety of industries, including retail, finance, gaming, health and the automotive industry
WeTouch’s customers include Siemens, Schneider Electric and Canon and the company will list on the Australian Stock Exchange at the end of July. (That didn't happen)
https://www.manmonthly.com.au/unsw-touch-screens-wetouch
The business was founded in 2011 by Guangde Cai who is the major shareholder of the company and he had personally funded it to date, in addition to a $20 million research and development grant from the Chinese government
In the past 18 months the company moved from doing small production runs to large-scale production and this resulted in its revenue growing from $4 million to $21 million in 2016 and its profit jumping from only $145,000 to $7 million. (Probably in Australian dollars?)
https://www.afr.com/technology/chinese-touchscreen-manufacturer-wetouch-the-latest-foreign-firm-to-hit-the-asx-20170517-gw720g
WeTouch never listed on the Australia Stock Exchange. They were going to but never did.
I think this will be a good one. My initial DD on this was wrong. But something just as good if not better might be coming in.
I think this will be a good one. This might have been just the mother of all shakeouts. I would not sell this one and if it stays around this price or dips even further I would be buying. Even if it goes up I would buy it. I think good things are coming here.
I sold out. Good luck
38 million float
She is also the President / Owner of China Investment SPA which builds prestige real estate properties in Milan, Italy. China Investment SPA owns 70% of Vestate Group Holdings. They bought 70% of the company for $41 million in 2017
https://www.china-investment.it/company/?lang=en
China Investments SPA (US $12 million in revenues)
https://www.dnb.com/business-directory/company-profiles.china_investment_spa.33c07bf4c56adca532fe218f62c5fe09.html
https://italy.globaldatabase.com/company/visani-ivo
Builds prestige real estate properties in Milan, Italy
https://www.china-investment.it/?lang=en
China Investment SPA owns 70% of Vestate Group Holding LTD
Paid $41 million for 70% of Vestate in 2017
https://www.reuters.com/article/brief-vestate-group-holdings-says-entere/brief-vestate-group-holdings-says-entered-into-preliminary-agreement-with-china-investment-s-p-a-idUSFWN1JF02Z
She is the Managing Director and Owner of Vestate Group Holdings, LTD which has a US $74 million market cap on the Hong Kong Exchange.
https://www.cnbc.com/quotes/?symbol=1386-HK
The CEO here, Jiaying Cai is a major entrepreneur with ties to the Chinese Govt. She sits on the board of some People's Republic of China Govt. owned companies and she owns or operates many businesses in China.
They don't even have a Registered Agent in Nevada. The Registered Agent resigned 2 months ago. That is why no new updated share count, no new filings and hence no Pink Current
The stock has 1 billion shares outstanding. All you have to do is read the last quarterly filings that were filed.
Interesting day here today.....
The market cap at .009 is $2.5 million dollars right now. The other shell that came out at the same time from the same group only has a $780,000 market cap. Thanks but that one is a better value than this one.
INKW gap filled
Same old story. It always sounds great but just too much dilution here.
There was no press release today. People keep posting old news. But the company put out a tweet today so they should be Pink Current any time now. Then in my opinion we might see news after that. Hopefully on their unique non-alcohol hand sanitizing product
CYIO will be pink current soon
$CYIO Company pleased to report Q1 2020 financials have been posted to OTC Markets and is now considered back to being “current” filing status. Waiting for OTC Markets to update status, shortly.
9:04 AM · Jun 16, 2020·Twitter Web App
CYIOS Corporation (CYIO)
@cyioscorp
AREXQ has been on a nice little run lately. You would think rising oil prices would help their cause along with the $20 million cash settlement
The float number is much lower than the unrestricted share count number. All you have to do is look at some other stocks in their twitter feed and they give the restricted share count number. The unrestricted share count number. Then they give the "Street Position" number. The "Street Position" number is much lower than the "unrestricted share count number". The street position number is the actual float. They didn't give the street position number for SFIN so we still don't know what the actual float is. But it is lower than the unrestricted share count number and usually is much lower.
Why? The chances of him responding are slim and none
Yeah, I will be patient and buy in the low to mid .002's
The market cap here is only $250,000. HRAA should go up from here
HRAA only 54 million shares outstanding 6/1/20
Yes 54 million shares outstanding on HRAA as of 6/1/20
It looks like a new Lazar custodianship application is in for this one. Only 54 million shares outstanding as of 6/1/20
I wonder what is going on with this company? They were trying to get current but nothing has happened since. I wonder what the delay is and if they are still trying to get current
Another day another yield sign. What happened to these guys? What are they doing?
I agree. What are these guys doing
The new Stop Sign doesn't matter. It's up 100 percent
This management team seems like they are asleep. They need to wake up.