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I personally wasn't expecting the RS without another 8K, we are too far beyond the previous 8Ks. It could become a 1:200 RS which obviously would be less than ideal. But we have no way of knowing how this will go.
I can't speculate. I don't know revenues/expenses or the growth from 2014-2015-2016, which is important. I can't even speculate until after we gap up to 2 cents or so. I think we run to at least 4 cents on the day after finz are released because vert will release them after hours on a thursday.
Depends on orchestration, depends on whether SPCL becomes PIXL pre or after split. Ideally it comes before.
And, yeah you're right. But I have at least tried to figure out what's occurring and what is occurring is really convoluted. I explained what I think is happening, but I just don't really have a way to be definitive, since the classification of a shell is kinda based on financial records that we don't have access to due to delinquency, we can speculate based off older filings though:
From NASDAQ listing rules
(35) "Reverse Merger" means any transaction whereby an operating company becomes an Exchange Act reporting company by combining, either directly or indirectly, with a shell company which is an Exchange Act reporting company, whether through a reverse merger, exchange offer, or otherwise. However, a Reverse Merger does not include the acquisition of an operating company by a listed company satisfying the requirements of IM-5101-2 or a business combination described in Rule 5110(a). In determining whether a Company is a shell company, Nasdaq will look to a number of factors, including but not limited to: whether the Company is considered a "shell company" as defined in Rule 12b-2 under the Act; what percentage of the Company's assets are active versus passive; whether the Company generates revenues, and if so, whether the revenues are passively or actively generated; whether the Company's expenses are reasonably related to the revenues being generated; how many employees support the Company's revenue-generating business operations; how long the Company has been without material business operations; and whether the Company has publicly announced a plan to begin operating activities or generate revenues, including through a near-term acquisition or transaction.
Here is SEC rule 12b-2
https://www.law.cornell.edu/cfr/text/17/240.12b-2
Shell company: The term shell company means a registrant, other than an asset-backed issuer as defined in Item 1101(b) of Regulation AB ( § 229.1101(b) of this chapter), that has:
(1) No or nominal operations; and
(2) Either:
(i) No or nominal assets;
(ii) Assets consisting solely of cash and cash equivalents; or
(iii) Assets consisting of any amount of cash and cash equivalents and nominal other assets.
These things are hard to know because we don't have any real filings. But seems like SPCL was not a shell since SPCL appears to technically be still operating, since Pixel's twitter said that Pixel is operating as a separate entity. Just makes me think that Solaris is also operating as a separate entity.
Fair enough, but it's hard to tell if this classified as an RM or not, you can read the uplist rules in the NADAQ Listing Rules found here: http://nasdaq.cchwallstreet.com/NASDAQTools/PlatformViewer.asp?selectednode=chp_1_1_4_2&manual=%2Fnasdaq%2Fmain%2Fnasdaq-equityrules%2F Just ctrl-r (search) for reverse merger. It's like rule 5110 or something.
But whether a year trading on the OTC as a combined company (i.e. after the closing, which was "on or about may 31st, whatever that means) or not depends on the whether this was classified as an RM. If not, the minimum time is like a couple weeks or something with a bid price at $4 for some number of days. You can look deeper into the listing rules if you care more about that.
This is where we aren't entirely sure about things:
So if this agreement between SPCL and PIXL is classified as an RM by SEC and NASDAQ, then the new entity must trade on the OTC for one year prior to uplisting.
However, this RM may technically not be an RM if SPCL was never technically a shell. In that case, it becomes a parent-subsidiary merger. In such, there is a time period that is occurring right now when both entities still exist (i.e., Solaris still has it's assets and Pixel has it's own assets).
I think this is not technically an RM, but we are in a strange period of time where management is trying to drain SPCL of the Solaris assets (by pawning them off to LEXG for whatever reasonable price or whatnot), so then Pixel can move it's assets into the SPCL shell.
This probably would have gone smoothly if ol Lenny Caprino would have just bought the remaining Solaris assets from SPCL (after Vert bought SPCL), like Vert probably expected him to do. But, Lenny probably found out that his PESA assets are darn near worthless and that he probably could have acquired more shares of SPCL (soon to be Pixel) and coast his way into retirement on the merger.
So luckily Vert found LEXG, who are drowning in debt and are willing to grasp any potential asset that can be further developed, to buy the Solaris assets off them, so then SPCL is empty and all can continue on hunky dory. Once Pixel moves in and changes the name, they can uplist very quickly (if this is indeed what is happening).
I've also explained this like 10 times, do you all just not read it or what?
dude, company is a scam.
great man, means fins will come sooner
we will likely get a few PRs about useless things related to google apps or lexg or what not to pump it back above water.
if general chart pattern continues we should be getting one of those shortly but i dont really know
that would suck indeed. But doubt that will happen if we have actual revenue numbers.
Why would an RS wipe out current investors? I mean the value of your investment stays the same, unless you anticipate people to scurry off due to an RS.
I might just be missing something here.
This is how he communicates with us:
http://www.atrixnet.com/bs-generator.html
Alright after doing some DueDwyane nitlife is correct. This ticker will be used for a subsequent pump and dump upon news of a merger. Still will likely go up but will fall with accelerated gravity. This CEO is a slippery little snake.
Yes. Neil hates us but it's cool. I will win the waiting game.
Dude get that shiz out of here. It's debunked.
Ah good sell. Take the profits and reassess. This stock has gained my interest while SPC* just keeps chilling.
$D$
Ya boiii D will Due some DD because D Does the DD.
Reverse merger:
Not sure yet, but you may regret selling those shares depending on what price you bought them.
"NXGH further agrees to the appointment of Antonio L. Faranda as President and Director of the surviving company, at an annual salary to be equal to that of Arik Maimon and have Antonio L. Faranda appointed as one of the Board of Directors of NXGH; and Faranda shall have the right to appoint up to one (1) additional Director to the Board of Directors of the surviving company;"
AZUGROUP USA represents and warrants that it is a privately-owned company, and that it will owns 100 percent (100%) of the following companies (Company AZUGROUP, Company CARDNOLOGY and Company GO CARD. AZUGROUP USA represents that it will, subject to certain condition precedents, including, without limitation, the entering into of the definitive agreement and certain other condition precedents generally described below, transfer and/or contribute to AZUGROUP USA, LLC, client contracts, that in the fiscal year 2016 had generated minimum of USD $10 Million in revenue for AZUGROUP CARDNOLOGY AND GOCARD (the "Contribution"), and that AZUGROUP USA and NXGH would enter into definitive agreement whereby AZUGROUP USA would merge into NXGH or its assets (credit — debit — customers are the assets of Azugroup sri, Cardnology , Gocard that are included on this merge)would be acquired by NXGH. The surviving company and its subsidiaries would market, sell and distribute, fulfill, GPR (General Purpose Reloadable) open and closed loop, gift cards globally.
Welcome to the stock market AZUGROUP
Wait, do you guys really not see what's going on here?
ticker?
no baby stop thinking, just do. just buy shares above the ask man. it's worth it, trust him.
He could be the snake keeper, but SPCLs tech is useless. In reality, Im sure SPCL would pay someone to empty their shell for them if that was leagal
Yes, .008
Agreed, all the snakes gon return to the island once saint patty tells us that interweb magazines are good and magic batteries are gone forever.
Indeed, 9 mms making snakes
I think MMs are just holding it steady. Expecting a close where it is today, then another "green day" tomorrow up to .0048 or so.
Clearly no one is capable of moving the PPS for more than an hour or so. You're correct, nothing matters until finz. That is, I invest with logic and not emotion. Any press release creates an opportunity for investors to get out and break even.
I'll be around for months. Keeping it real.
So 900 titles? We could ask Masha.
Snakes
Ah sweet. Thanks instaflame
I'd be careful with this. Readr has 10,000 magazines NOT 10,000 titles. Meaning their entire archive is 10k plus. It would be worth knowing the total number of titles (if anyone happens to know that).
i think you mean:
WHAT GOING ON HERE. ALMOST CLOSE LET GO .01 TODAY
No one is going to read that.
Probably not. Whenever VNDM back off and ASCM comes in, then maybe something will happen.
Still here, just hiding like a slyppery snake so saint patrick cant find me and get me off my island.
D
Your gainz are like tomorrow and you can never reach tomorrow because once it’s tomorrow, then it’s today again but you’ll never stop chasing tomorrow because you always want to Live Another Day and Tomorrow Never Dies.
No, because it's irrelevant.