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A/S still not increased?
WOW this will become really expensive for the CO and their Shareholders, imo. Every Day the $ Amount is growing and more share will be converted and dumped afterwards. Just look up the toxic financing Contracts...
JMHO
sure, it is !
They don't have to pay anything... You'll keep your shares without having a Ticker assigned to it.
BTW They are going private, done Deal per the PR
Adam Carter can't be served with a Complaint/Lawsuit but can take the Co private... LMFAO
Bagholders Galore...
Management (LOL) decided to kill the Stock, last time only the CEO died
I don't think so...
SEC is again after Roberts and his Cohorts:
http://www.sec.gov/litigation/litreleases/2015/lr23339.htm
and the next 1A/A filing is out
95M shares at .03 while the stock trades at .07 LOL
http://ih.advfn.com/p.php?pid=nmona&article=68460662
rinse and repeat
Gray Market is going on
That's how it works and why it's called the "Kiss of Death" for former pinkies...
Matched orders only...
That's what is going on
.0001 here we go
didn't took long
Stock popped on promo speculations IMO
Maybe the CEO (Timothy M. Roberts) and his Team Team left the Boat to avoid another charge for Investor Fraud?
https://www.sec.gov/litigation/litreleases/2008/lr20730.htm
He was barred already for 5 years from serving as an officer or director of any public company. That period ended 2 years ago September 2013...
Just remember 32M shares need to be sold...
Screems Promo all over the place, IMO
I think they've to clean up this shell first...
7 years without filings and ~80M O/S.
Smells like a R/S coming here soon likely together with a Ticker change.
JMHO
non of the above...
On the Grey's and without any significant number of shorted shares?
Where will it happen, on Mars?
GL Sir
“Par Value” – What it Means and How it Can Affect Your Startup
Par value. It’s a concept that many entrepreneurs see in their corporate documents, but few truly understand. What is par value? What does it mean when you see it in your documents? Do you even need it? These are questions we commonly hear from befuddled entrepreneurs.
What is Par Value?
Because boards of directors are charged with fiduciary duties to the corporation’s stockholders, the corporate statutes prohibit corporations from issuing stock without the corporation receiving value in return. The value that must be received in return could be cash, property, services, or any combination of the three. When a corporation has established a par value for its stock, the par value is the lowest price per share at which the corporation may sell its stock. Par value should not be confused with other common stock values – such as “book value” and “fair market value.” Thus, if a corporation’s common stock has a par value of $0.01 per share, the corporation would be in violation of its charter if it sold any of its common stock for less than $0.01 per share. For this reason, when a corporation has set a par value for any of its stock, the par value is typically set at a very nominal amount (e.g., $0.0001 per share).
Using Par Value to Calculate Franchise Taxes
One of the most common ways par value is actually utilized is with respect to calculating the Delaware Annual Franchise Tax (this of course only applies to corporations formed in Delaware). Each year, corporations formed in Delaware but which have their principal place of business outside of Delaware are subject to an annual franchise tax levied by the Delaware Secretary of State. The default method for calculating this tax (called the “Authorized Shares Method”) is determined by multiplying a dollar value by the number of shares the corporation has authorized. For example:
For a corporation with 10,000,000 shares authorized, the method of tax calculation is $150 for the first 10,000 shares authorized, plus $75 for every additional 10,000 shares authorized, resulting in a Delaware Annual Franchise Tax bill of $75,075.
This typically causes startup founders to become awash with panic. Thankfully, there is an alternate method for calculating the Delaware Annual Franchise Tax that typically results in a much, much lower tax bill for technology startups. The alternate method, called the “Assumed Par Value Capital Method” involves dividing the value of the corporation’s gross assets (meaning tangible assets like machinery, real property, and durable goods – but usually not intangible assets like intellectual property) by the total number of shares outstanding. This produces a price per share called the “Assumed Par Value.” The next step of the equation requires a calculation using the lower of the company’s actual par value or the Assumed Par Value. If your corporation has a very low par value for its shares (e.g., $0.0001 per share) and tangible assets of nominal value, chances are your corporation’s Delaware Annual Franchise Tax bill will be very close to the minimum ($350 as of this writing).
Is My Corporation Required to Have Par Value?
Corporate statutes in Washington and Delaware do not require corporations to establish par values for their shares. That said, because having a par value can be useful for lowering your corporation’s Delaware Annual Franchise Tax, we recommend that our clients who are formed in Delaware set a very low par value (e.g., $0.0001 per share) on each class of stock authorized. Corporations formed in Washington are permitted to have a par value on their shares, but par value serves no function in Washington and generally provides no benefit to privately-held Washington corporations. For this reason, we typically advise our clients who are Washington corporations not to set a par value on any of their shares.
http://cairncrossjumpstart.com/blog/par-value-what-it-means-and-how-it-can-affect-your-startup/
And here a good write-up about a Big Co and par value
http://www.businessinsider.com/apple-par-value-shares-2012-12?IR=T
The first filed Amendment reduced the par value
from .001 to .0001
File Date: 9/4/2015
Previous Stock Value: Par Value Shares: 450,000,000 Value: $ 0.001
New Stock Value: Par Value Shares: 450,000,000 Value: $ 0.0001
What makes you believe there will be a future Saleen Super-Car any time soon?
We are also planning to develop an American supercar.
Just check the Filings,
but there are likely more notes Due by then... I think at least one if not more will mature in early September and a few more will hit in October and November timeframe.
RARMF = Rare Earth Minerals Plc
You should add to your DD also:
FLEX MINING LTD
Delaware US-DE-5553131
FLEX MINING LTD was formed on 2014-06-17 in Delaware by THE COMPANY CORPORATION
FORMATION DETAILS
Registration Number: 5553131
Type: Corporation
Date of Formation: 2014-06-17
Item 1.01 Entry into a Material Definitive Agreement.
On April 9, 2015, Siga Resources, Inc. (the “Company”) entered into a Letter of Intent whereby it will sign a definitive earn-in agreement to acquire 100% of Flex Mining Ltd., a Delaware corporation (“Flex Mining”), through the issuance of 1,800,000 restricted common shares, $10,000 payable within six months and a capital expenditure of $1,000,000 on the property over three years. Flex Mining owns 100% of six mining claims named the Big Monty located in the historic Abitibi Greenstone Belt region of Ontario, Canada.
The company has entered an agreement to purchase 100% of a gold mining concession which are known as the Big Monty claims (7 claims total). These 7 claims total nearly 3,000 acres. The Big Monty claims are bordered by gold producers and explorers, situated along the Porcupine-Destor Fault Zone "PDFZ".
Item 1.01 Entry into a Material Definitive Agreement.
Item 3.02 Unregistered Sales of Equity Securities.
On August 28, 2015, Gold Lakes Corp. (the “Company”) entered into an Equity Participation and Earn-In Agreement (the “Agreement”) with Flex Mining Ltd., a Delaware Corporation (“Flex”). Pursuant to the Agreement, the Company has the right to acquire 100% of Flex by incurring expenditures of $1 million over the next three years. In addition, the Company will issue Flex 23,500,000 shares of restricted common stock within the next 90 days at a deemed value of $0.05 per share.
I'd almost bet you'll get your 50M+ shares
as soon as the A/S is set to 2.5B and debt holders can continue to convert at a very decent discount from given levels.
GL
USMN the next RIVT?
BEWARE of false information. Read this here:
REAL PR:
https://uk.finance.yahoo.com/news/rare-earth-minerals-plc-signs-101851403.html
"Rare Earth Minerals (LSE: REM) and BACANORA MINERALS (LSE: BCN) are surging this morning after the two partners announced that they have signed a lithium supply deal with Tesla Motors."
FALSE info here:
http://finance.yahoo.com/news/tesla-secures-lithium-suppliers-gigafactory-175144011.html
Tesla does not have a deal with USOTC stock U.S. Rare Earth Minerals, Inc. (USMN)
Tesla has a deal with London Stock Exchange company Rare Earth Minerals (LSE: REM)
These are not the same company.
I wouldn't bet on that!
U3 Halt could last forever... No limit like a SEC Suspension (10 Days)
FINRA initiated the Halt.
There is NO NEWS.
LIBE A/S is officially 10 BILLION
Previous Stock Value:
Par Value Shares: 3,000,000,000 Value: $ 0.001
Par Value Shares: 10,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 3,010,000.00
New Stock Value:
Par Value Shares: 10,000,000,000 Value: $ 0.001
Par Value Shares: 10,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 10,010,000.00
But this is and wasn't a start-up Co.
They failed already prior to the OTC listing.
The OTC Listing was imo their last resort to stay in Business.
Since the toxic Debtors can't convert currently, due to the maxed out SS, the amount of Debt is growing daily per the Terms of the contract...
Currently it'll be pretty hard (imo) to get even toxic financing. And financing is needed in order to keep the business running. Quarter by quarter they still spend way more $ compared to what they make.
So far also NO update about the Bank Lawsuit etc...
We'll see how this plays out.
JMHO
And the CO can't request a Halt for News or in general for US OTC listed Co's
How do trading halts work on OTC Link® ATS?
Only FINRA or the SEC can halt trading in OTCQX, OTCQB and OTC Pink securities. Unlike exchange-listed securities, OTC traded securities are not halted for the dissemination of company news, except in the case of non-U.S. securities, which may be halted for news in conjunction with a halt on the home-country exchange.
U3 Halt isn't initiated by the Co...
and right next to your Video this one:
As well as my opinion that this Ticker will get a Q at the End at one point...
Might become true sooner or later too
Too bad that Sven isn't any longer with SLNN...
He left Saleen in April already.
VP of Advanced EngineeringSaleen June 2013 – April 2015 (1 year 11 months)
https://www.linkedin.com/profile/view?id=ADEAAAMWCEcB45wJUKxXIsYAIP6N10OkoK-ZvxY&authType=name&authToken=NvCd&locale=en_US&srchid=345727981440667176093&srchindex=1&srchtotal=6&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A345727981440667176093%2CVSRPtargetId%3A51775559%2CVSRPcmpt%3Aprimary%2CVSRPnm%3Afalse%2CauthType%3Aname
and is running his own Co now -> Urban626,LLC
http://www.urb-e.com/
BTW any clue how SLNN would be able to fund a new "Supercar"?
It is true U3 Halt like CYNK
08/26/2015 15:40:07 CRGP Calissio Resources Group, Inc. Common Stock U3 Other OTC Halt
http://otce.finra.org/TradeHaltsCurrent
Finra defines a U3 halt as one occurring "because FINRA has determined that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or the security underlying an OTC ADR or has caused or has the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process."
Read more: www.businessinsider.com/r-cynk-tech-shares-halted-by-finra-2014-11#ixzz3jzi0ZQsp
Why don't they explain HOW they want to qualify for an uplisting?
Seeking for a listing on a higher exchange is a pretty common Term on the OTC in general.
JMHO
Thats the correct link to ONE Report.
Why don't you check all of em?
Let us know what you find for the other ones.
TIA
Why don't you check THIS pdf and tell us if it says Kiddler or not?
Since you said you've checked them already, i've just downloaded it myself and looked up the Author.
http://www.otcmarkets.com/financialReportViewer?symbol=CRGP&id=135641