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I suppose it depends on whether they count the first or not. Seems weird to have FINRA action yesterday though if it wasn't occurring today.
Hope you're wrong about the PR, but believe you're probably right
The link was a guide how to interpret information on FINRA
I quoted the relevant portion in the post, I just like to give people sources when I do so. Even though I do it verbatim they don't have to take my word for it.
Wouldn't a name change likely be accompanied by a PR as to the nature of the new business. We already know the following from the 8k (emphasis mine):
So are we thinking that name change happens tomorrow with the FINRA notice?
DD Wei Tian/Tian Wei
Ran into the reported Tian Wei multiple times in my DD, and she doesn't seem to match the rest of the background in the 8K
Furthermore on the direction I've been untangling. There's an Executive Wei Tian as director of Shenzhen Worldunion Properties Consultancy Incorporated whose Parent Company Shenzhen World Union Group Inc is a major business partner listed on the Shenzhen Qiao Holdings Group website who I have zeroed in on as my main target.
If that connection is for real then we're up another level in possibilites. I'm talking about $1B USD Revnue and worldwide business dealings () in 2019 not just China. I haven't been able to connect this one as thoroughly as I did Shenzhen Qiao Holdings, but I hit a wall there so I'm exploring this direction with my full attention now.
https://www.dnb.com/business-directory/company-profiles.shenzhen_worldunion_properties_consultancy_incorporated.45afc6201f82b00a30270d0d3195f96a.html#related-companies
Was that an email to you? I've never been able to get DL to respond to me
Not at all casting doubt, just curious. I think this is excellent news
If you don't mind sharing where did you access this?
Since seemingly nothing is coming from the company by the end of the year. This might be an interesting tidbit from that Adomani news Suneel Sawant was involved in. Expirations are by the end of the year, so maybe he'll be able to shift his focus over here
https://www.sec.gov/Archives/edgar/data/1563568/000156459020019971/adom-10q_20200331.htm
8. Stock-Based Compensation
Effective January 2, 2020, the Company entered into consulting agreement with Suneel Sawant under which Mr. Sawant will perform certain services for the Company, including, among other things, services related to the establishment, maintenance, and management of a network for the sale its zero-emission vehicles and related products and services to customers located in India. As full compensation for the services to be provided by Mr. Sawant under the agreement, the Company agreed to grant Mr. Sawant options to purchase up to 2,000,000 shares of the Company’s common stock, all fully vested and exercisable on the grant date. One million of the shares subject to these options have an exercise price of $0.50 per share and will expire if not exercised on or before December 31, 2020, and the remaining 1,000,000 shares subject to the options have an exercise price of $1.00 per share and will expire if not exercised on or before December 31, 2021. The options were valued using the Black-Scholes option-pricing model, resulting in fair market values of $76,299 and $86,099 for the options expiring on December 31, 2020 and 2021, respectively. The assumptions used in the valuation of the options expiring on December 31, 2020 included an expected term of one year, volatility of 172.40%, and a risk-free interest rate of 1.56%. The assumptions used in the valuation of the options expiring on December 31, 2021 included an expected term of two years,
9
volatility of 155%, and a risk-free interest rate of 1.58%. Because these options were fully vested and exercisable as of the grant date, the combined fair market value of $162,398 was recorded as stock based compensation expense during the period ending March 31, 2020. Should the Company’s agreement with Mr. Sawant be terminated for any reason, any unexercised options shall be forfeited.
Someone with 8M - 10M shares is actively walking down the ASK
DD Shenzhen Qiao's Financial Holding Group Co.
I've been collating data on the overarching holding company that Tian Wei works for. This is the first place I've seen it spelled out plainly so I'm just going to post it wholesale (Translations are straight from Google Translate so trust that as much as you want to)
https://companyadc.51job.com/companyads/ads/35/34097/34096237/index.htm
What I'm not saying yall are wrong about this heading south instead of north, but saying it's JUST a scam is a bit disingenous no?
They have physical assets: land property, commercial property, revenue producing businesses.
Do you think Hans was complicit naively or in full knowledge because he'd be getting screwed worse than us if he lost all of that
Tian Wei/Wei Tian Round 2
I tired to stop I really did... I only did a couple search recombinations, but a couple more thread came with it. This is really the last I'm going to do for a bit, but thought I'd give a little juice for the power hour crowd.
Here is our main man Wei Tian CONFIRMED as a Manager (Group Product Manager Tian Wei) at Shenzhen Qiao's Holding Group Co., Ltd. Nice to put the face with the name.
http://www.qsjrkg.com/index.php?c=show&id=67
Also this is Atsugi Holdings Group Co., Ltd. at 100M Yuan ($15.3 USD) holding group ran by none other than Mr. Qiao Shouhui and housed at A8-1, Floor 20
See that distressed assets piece? Here is how David Lazar is described on that Ihub board:
You're welcome everybody, the rising tide lifts all boats. I don't covet my research. I'm in at .0002 late summer and have only sold 3M on the first spike to .0028 to cover my investment. Holding the rest for bigger movement!
I'll post my details as I come across them, but probably taking a break today.
Since some of yall have asked I will mention the deal I have with the other forum that I typically share my stock insights/research. If you've made $1K or more in profits on some of my info and feeling generous, consider throwing some scratch for my next a bottle Lagavulin scotch my was via my Venmo or CashAPP @RCRanger03/$RCRanger03
Wei Tian DD (Grab a Snack this is a long trip)
So when I first read the 8k like we all did I immediately began trying to use the data points of Wei Tian’s education. That didn’t get me much of anywhere. I then traded it in for the address:
20F, Building A8-1, Phoenix Road, Licheng District, Jinan City, Shandong Provence, China 25010
As you may have seen in my previous DD posts, I’ve been narrowing things down by playing with the Chinese versions of what we know, and recombining each new piece of information into an improved search. Mind you I don’t know diddly squat about Chinese, so this was full on dart throwing. Then a thread finally came loose as I was building that directory of businesses for A8-1…
FLOOR 20! Room 29! Jinan Jungang Information Consulting Partnership (Limited Partnership) https://m.qcc.com/firm/9bb70c886576f112cb82cc8ff2c623d0.html and look who we have as the Executive Partner
This is who I believe is XMET’s new owner, Mr. Tian Wei
https://www.qichamao.com/person/5b6304d01755b490aad19abc3f16b3c0-a2a25b3c5c7001813a3c21db7b61fb63
https://m.qcc.com/pl/p290521e4cb4a22a233aa78a5c697252.html
After grabbing a celebratory scotch, I go down the rabbit hole that keeps me up into the wee hours of the morning yesterday and now today. If you decide to go down the rabbit hole too I recommend getting a Google Translate extension and using the Mobile versions of the websites, they're less cluttered
Tian Wei is an Exec Director, Legal Rep, or Major shareholder in 6 companies the 5 that I could find amount to around $40M USD. At least 2 of them housed at A8-1 Floor 20, and 1 in the same complex different building A4-4
One with the Tian Wei company’s had this a description of their services. “Engaged in equity investment in unlisted companies, investment in non-public issuance of stocks in listed companies, and related consulting services (without the approval of the financial regulatory authority, it is not allowed to engage in financial services such as deposits from the public, financing guarantees, and wealth management on behalf of clients). (Projects that are subject to approval in accordance with the law can only carry out business activities after approval by relevant departments)”
Sounds like IPOs to me! But that isn’t the REALLY interesting part!
In at least 2 of his affiliated companies he’s a 5% stakeholder and 95% is held by the Venture Capital Fund: Shenzhen Joe's Venture Capital Co., Ltd. via Mr. Qiao Shouhui who is connected as Executive Director, Legal Rep, Majority shareholder to 94 different companies.
The largest of which is a 600M YUAN (That’s ~$91M USD, now we’re cooking with gas) Company called Shenzhen Joe Financial Holdings Group Co., Ltd. That as of October 10th changed it’s name to:
Shenzhen Qiao's Holding Group Co., Ltd. Remember this name!
More Thread Pulling brought me to their website: http://www.qsjrkg.com/ which when translated their address is the entire 20th Floor of Building A8-1
That is when the floodgates opened and I began to find connections out the wazoo. Here’s a screenshot of my spreadsheet just trying to keep track of them all (The green ones are ones that Tian Wei directly manages)
I was trying tonight to get to the bottom of the rabbit hole before posting… but more just keeps coming. I stopped at over 20 businesses connected directly to Shenzhen Qiao's Holding Group Co., Ltd. with almost $225M USD in Registered Capital (~1.7 BILLION Yuan) many of them based out of A8-1, on the 20th Floor
In their holdings there is a TON of existing built real estate, lots of business and financial consulting, Investments foreign and domestic (one of their largest companies deals in Distressed Companies), blockchain and software, small biotech, hr and everytime I deepen the search the more I find.
Based on Tian Wei’s deep ties and the spot on address it is my belief that XMET is effectively being held by Shenzhen Qiao's Holding Group Co., Ltd.
So instead of search out Wei Tian, be on the lookout for the names: Tian Wei, Qiao Shouhui, and Qiao Feng who is the current chairman of Shenzhen Qiao's Holding Group Co., Ltd
Now somebody else take the baton and run few miles, I'm gassed
I have a very solid lead on Wei Tian, was up til 2am pulling threads yesterday deep in chinese only webspace and something unraveled late that looks to be a winner. I don't want to put it up here til I'm more confident though since I was pretty bleary eyed at that point and I take my DD seriously when other people are trying to make decisions on it. Not a fan of the throw it up against the wall and see what sticks.
I typically spend Sundays completely off the web and with my kids so wanted to pop in here while they are out of the house with my wife and let people know. I will work on confirming tonight after the kids go to bed if it’s quick I’ll post tonight. Either way should post what I have before Market open on Monday.
In the meantime Here is what I've CONFIRMED businesses on the various floors of the building I've been doing DD on.
1) Lobby
2)
3)
4)
5)
6)
7) Shandong Quanxin Testing Technology Co., Ltd.
8) Zhongben Technology Co., Ltd.
9)
10)
11)
12)
13)
14)
15) Sung Kyun Education Holdings Limited
16) Shandong Leihu Culture Media Co., Ltd.
17) Shandong Yisou Information Technology Group Co., Ltd. / ESOU Group / Yisou Group / Easy Search Group *Directly Connected to Tenecent!*
18) Yisou? Unconfirmed
19) Shandong Yisou Information Technology Group Co., Ltd.ESOU Group / Yisou Group / Easy Search Group *Directly Connected to Tenecent!*
---------------------------------------------------------------------
20) This is where the Wei Tien address will lead us. Although I really wanted this to be the one connected to Tenecent (I spent no less than 3 hours hunting for that connection). Nothing has confirmed it to be so. The lead I have is a financial holding company as we expected. This is not the final company we hope to have but a Chinese facilitator in the same vein as David Lazar.
---------------------------------------------------------------------
21)
22)
23) Shandong Sparrow Chemical Co., Ltd ...
24)
25) Shandong Expressway Huarui Road Material Technology Co., Ltd.
26)
27)
28)
29) Kerry (Shandong) Health Management Co., Ltd.
30)
Technically if you're looking for splits they should look here: https://otce.finra.org/otce/dailyList?viewType=Dividends%2FDistributions%2FSplits
I have found the businesses on Floors 3, 25, and 29
Trying to utilize the original chinese text instead of the translated to crawl the local job boards which is how I found Floor 29
http://www.yingjiesheng.com/job-004-934-864.html
A link was posted to this earlier
As of May 31, 2020, our shares of common stock were held by approximately 10 stockholders of record. The transfer agent of our common stock is Empire Stock Transfer. Phone (702) 818-5898’
Note: TA #1 Empire with 8.2bil
issued over 75mil AS divi shares
with no voting rights
Amended 09/09: add new TA
Integral Transfer Agency USA,Inc.
Transfer Agent
635 16th St
Niagara Falls, NY 14301
716-402-8539
integraltransfer.com/new/
So the 8.2B shares originally issued by Pino that are in question have no voting rights? How many total votes are POSSIBLE given what we know?
- I'm 100% sure there are 10B votes in the preferred shares now owned by Wei Tian
- I'm 100% sure there are 7M votes in my shares
- I'm 0% sure how many other votes there could be amongst the commons
Interesting end around my roadblock by getting alernate names for the buildings within the Hanyu Finance valley
I've already found what's on the 25th floor of the A8-1 Building using that!
http://www.sd-huarui.com/about/17
Now I just need to go down 5 floors... Will check this out when I get home
Those are the details in the bio from the 8k we have know that information since we knew the sale happened
I've narrowed the address to a block of mixed use development in Jinan, but haven't been able to verify any particular business there.
IMO Wei Tian is the middle man facilitating a deal for another company, so locating him probably wouldn't result in anything groundbreaking
No changes at NVSOS, court status, and no filings
Somebody said OTC markets took down Lazar's name, but he's still there at NVSOS
Still they need to close the proceedings. It's been an open case with no order filed by Brennan (as requested by the court) since 10/7/20
Also Acquifin since 9/22 has become listed as an inactive Corp on Florida SOS. I've been holding all my shares since June, I WANT this to go well, but all of that inactivity with the dilution is concerning there are no two ways around that
A review for those with questions regarding the SS changes. The A/S has remained 7.01B the entire year. The O/S has increased by 484,999,125 since the 10/7 custodianship granted.
Dilution HAS occured and increase of 28%, it's seems probably by Note holders if the belief that a custodian cannot do so themselves.
It doesn't mean that you should or shouldn't stay in, but it's a fact you should consider. One thing that I'm trying to evaluate is why there hasn't been any status checks required by the Judge (those are there to protect and inform us as shareholders) also why hasn't there been an order filed by Brennan. Those are in addition to the obvious questions of why Acquifin has seemingly went dark.
4/24/20
A/S = 7,010,000,000
O/S = 962,270,812
9/22/20 (This was the last OTC verification before the 10/7 court "GRANTED" custodianship)
A/S = 7,010,000,000
O/S = 1,214,780,649
10/29/20 (this was the first OTC verification after the 10/7 court "GRANTED" Custodianship)
A/S = 7,010,000,000
O/S = 1,512,780,790
12/03/20
MC = 849,890
A/S = 7,010,000,000
O/S = 1,666,835,774
12/11/20
MC = 849,890
A/S = 7,010,000,000
O/S = 1,699,779,774
*All these numbers have come through snapshots or copy and pasted from OTC Market SS posts from this board*
I'll put my 7M on sale at $1 why the heck not, I wouldn't be sad if it sold lol
I've been buying all the way down, and I was in at $.0195
I will start to be concerned if it couldn't keep that $0.10 support though, that's been the one that I've been watching
I actually found a more recent article with that stat
https://blog.missionir.com/srax-inc-srax/srax-inc-nasdaq-srax-gives-users-opportunities-to-earn-money-from-data-without-leaving-the-couch/
Where did the "400M in revs by 2022" stat come from? If you have a link would you mind sharing?
Especially in light of the presentation today saying 2M in revenue in 2020 and potentially 6M in revenue 2021, I have a hard time believing the 3rd year jump would be to 400M in a year in revenue
From the 8k
20F in the address makes me think 20th Floor, but the mixture of Chinese translation in this makes it all dubious.
I'm still digging on some leads that have come from this so far.
Furthermore the area in that particular patch of Licheng District of Jinan is called the Jinan Innovation Zone:
https://www.jinaninvest.com/
The Jinan Innovation Zone (JIZ) is also called Jinan Investment Zone, Jinan High-Tech Zone or Jinan Economic Development Zone. JIZ is the High-Tech Zone of Jinan, also known as “City of Springs”, and Capital city of Shandong Province. JIZ belongs to the first batch of officially approved Economic Development Zones in 1991 in China.
According to an official ranking regarding factors as level of technology innovation, of internationalization and global competitiveness and sustainable development published by the Ministry of Industry and Information Technology, JIZ Innovation Zone ranks 11th of all 168 economic development zones in China, and ranks 1st in Shandong Province. JIZ has one of the highest economic growth rates in China with two digital numbers in recent years.
From what I can tell Building A8-1 is the Hanyu Finance Valley that serves the Financial Sector and Logistics Sector
Also probably give a shout out to Malcolm... RIP
From the 8k...
Nice video, tomorrow should be interesting, especially when FPVD/BIGT is presenting
I still don't quite understand the deal that was done. FPVD got 100% of BigToken, but then SRAX got 88.9% of FPVD so effectively they get 89% of the public version of BigToken... why is that better than 100% of the private version. Who got the other 11%? Paul Feldman? What happened to FPVDs camera IP?
From the 10Q
Based on the littel that we know it is almost certainly not the Weitian Group, even though that would see ideal with their US to China IPO background.
The founder Tony Tian's chinese name is Xuedong Tian, not sure why the company is named Weitian, also his education and work background don't match what is in the 8k unless it's unlisted.
GreekSeasonings DD has allowed me to watch today instead of panic since my entry is at .0002. Have I lost potential profit buy doing so, very may well be, but I appreciate him for that.
I agree that I don't remember seeing at any point him telling us to get out, nor should he have to it's not his job to tell us how to trade, he just kind of disappeared.
That is why it's weird that he's claiming he did...
I do wish I was holding a smaller position based on today's events, like I normally am, but I'm still up 350%