Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I’d be happy to see us back over $2 for now
Merger finalized
https://medium.com/@AraxCorp/arax-holdings-corp-completes-acquisition-of-core-business-holdings-b28da1b3065e
ARAX Holdings Corp. Completes Acquisition of Core Business Holdings
Today make one full week of closing over
$2.24 on the ask???
Yea I knew with a 950 Million AS shared would be added to the OS but not 90 million over night.
As long as it adds value to shareholders and is restricted for now, let’s go!
Did I read that right..90 million shares?
$ARAT Look at these higher highs and higher lows!
$1.35 X $1.45 is the first healthy spread I’ve seen here in a while
$ARAT 1.40 X 1.80
Nice!! But you mean 1. not 2.
1,285 now
Wish we could take out those $1.23’s today
$1.08 X $1.17
$ARAT $1.07 X $1.15
OS is now 18M
Can’t wait to hear what they are doing behind the scenes.
https://www.otcmarkets.com/stock/ARAT/security
Nice!
lol they tried to save paper by putting 4 pages of the filing on one sheet
Now we are at 14,029,144 (2023-03-27)
I’m not concerned personally but I see this as a deterrent for current share holders and prospective new shareholders.
Getting back to the $15 high last year would be a much higher valuation now with these added shares but we knew they were going to add and issue after that AS increase.
Hope for more clarity soon on how these shares will add value
So funny how it’s always just like one random day that’s crazy and then back to nothing lol
Time is ticking and soon we will have a crazy week and a crazy month..
That was voted on in December and filed early last week, most got a letter in the mail Friday.
Don’t like it, you can sell.
I don’t have L2, what’s the size?
Someone bought 9,900 @ $1.20 today
Another 480k shares issued
Where are they going?
$ARAT
?? ARAT
?? 0,88495
??Outstanding Shares Updated:
??Old: 12.070.248 (2023-03-13)
??New: 12.553.807 (2023-03-20)
Difference: +4.0062% (+483.559)
price action wise, yes pretty much hovering, but you can’t be serious about the company itself - are you following them on twitter?
Surprised no one shared any options on the 10Q yet.
I’ll go first:
Was glad to see we finally have revenue reported $226k for the first three months is decent for now in my opinion. Was expecting more assets but maybe they didn’t merge those in yet?
I’d like to know more about the general and administrative expense of $1,033,333 that “consists of professional fees and other costs incurred in connection with maintaining the Company’s filings with the Securities and Exchange Commission and the payment of vendors associated with the issuance and trading of the Company’s securities, such as transfer agent fees.“
PM me your cell and I’ll text you if you want
I just got a letter in the mail dated March 13 informing me of this.
I feel like they are getting ready for something really big (in a good way!)
Can you PM some tickers of other mergers please? lol I’m serious
Of course they have value. Your concern is the liquidity, which is a valid concern. As I mentioned before, don’t think much will happen until the merger is finalized and announced. Need more eyes from press releases.
It says in the 10k:
“On December 13, 2022 the Company entered into an agreement to purchase the assets, software IP, and some liabilities of Core Business Holdings which is anticipated to be completed in the second fiscal quarter of 2023. This acquisition brings revenue and assets into the company to develop shareholder value.”
The merger hasn’t even been finalized.
Have you lost interested in the company as well?
From just today:
“We are working on the results for @PingHEX internal test and will publish everything, including a full update on the next steps for the releases during the course of this week for Ping and @CorePassCC. Keep an eye on our social media.”
They voted on the it December 2022
From 75m AS to almost a billion AS. I wonder what’s cooking.
ARAX HOLDINGS CORP.
1600 B SW Dash Point Rd., #1068
Federal Way, Washington 98023
(850) 254-1161
NOTICE OF ACTION BY WRITTEN CONSENT OF MAJORITY STOCKHOLDER
THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS’ MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN
To the Stockholders of Arax Holdings Corp.:
Arax Holding Corp., a Nevada corporation, (“Company”, “we”, “our”, “us”) writes to advise you that, on December 20, 2022, a stockholder holding 90.63% of Company voting power (“Majority Shareholder”) executed a written consent (“Written Consent”) in lieu of a special meeting authorizing the Company’s Board of Directors (“Board”) to take all steps necessary to effect, as soon as practicable, an amendment (“Amendment”) to the Company’s Certificate of Incorporation increasing the number of authorized shares of common stock, par value $0.001, (“Common Stock”) from 75,000,000 to 950,000,000 shares. The Board has unanimously approved the Amendment. No action is required by you to effectuate the Amendment.
The Written Consent was executed and delivered in accordance with Nevada State law and our bylaws, each of which permit that any action which may be taken by a majority of the voting power of the Company’s stockholders at a stockholder meeting may also be taken by the written consent of the holder(s) of a majority of the voting power of the Company’s stockholders.
Arax Holding Corp., a Nevada corporation, is furnishing the accompanying Information Statement in accordance with the Securities Exchange Act of 1934, as amended, (“Exchange Act”) and the rules promulgated thereunder by the U.S. Securities and Exchange Commission to inform you of the Amendment before it becomes effective.
There are no dissenters’ rights afforded to stockholders as a result of the approval of the Amendment.
Pursuant to Rule 14c-2 promulgated under the Exchange Act, the earliest date that the Amendment can be filed with the Nevada Secretary of State and become effective is twenty (20) calendar days after the Information Statement is first sent or otherwise provided to Company stockholders.
The Amendment is more fully described in the accompanying Information Statement and a copy of the Amendment is attached to the Information Statement as Appendix A.
The entire cost of furnishing the Information Statement and related materials will be borne by the Company.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
By Order of the Board of Directors
/s/ Michael Loubser
Michael Loubser
Chief Executive Officer and Chairman of the Board of Directors
December 30, 2022
Ah gotcha
Yup but if you look at OTC Markets, the OS was updated to 12,070,248
If these number are correct, 1,734,954 shared was added to the OS which is not a concern for me but I’m curious to know why they were issued.
Any else see that the OS went from 10M to 12M?
??Old: 10.335.294 (2022-02-10)
??New: 11.526.558 (2023-03-07)
??Old: 11.526.558 (2023-03-07)
??New: 12.070.248 (2023-03-13)
$ARAT
— Stock Scan (@stockscan01) March 9, 2023
🚨 ARAT
💰 0,85
📝 Address Updated:
🔴Old: 7901 4TH ST N
St Petersburg, FL 33702
🟢New: 1600 B Dash Point Rd
#1068
Federal Way, WA 98023
Probably be in this stage for another few months at least.