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Ask was still thin when it hit .03+. Only reason it retraced is because buying pressure subsided, but it could’ve easily kept going...
$DCAC
Looking good. $$$$
$DCAC bids stacking at .008
Expensive, but certainly not impossible...unless it’s a scam.
$DCAC .01 printing
$DCAC volume hitting
Acquisition news would be the best catalyst. IMO
It depends on how aggressive the Receiver is. I’d say it’s neutral until further details are disclosed in court. But it does confirm that the assets of companies that TCA has security interests in are vulnerable to the proceedings.
$PACV
Have you reached out to Viola yet? $DCAC
Speaking of research, I’ve noticed some new developments in the TCA case...
Judge Altonaga just granted a motion to approve asset assignment and release regarding another publicly-traded company in Canada. This action confirms my previous suspicions about how PACV will be implicated in the proceedings.
ORDER granting39 Motion to Approve Asset Assignment and Release. The Receiver is authorized to engage in the transaction and Agreements attached to the Motion relating to Sofame Technologies, Inc. Signed by Judge Cecilia M. Altonaga on 7/21/2020.
If you look at Sofame Technologies’ last Annual Report on SEDAR, you’ll see that their relationship with TCA mirrors the agreements TCA has with PACV.
The Company entered into a senior secured revolving credit agreement on May 31, 2013, with TCA Global Credit Master Fund, LP. First disbursement made to Sofame Technologies was US$ 400,000 on September 18, 2013. As at September 30, 2014 this loan balance is presented in Canadian dollars, using the prevailing currency exchange rate. Fees directly related to the loan in the amount of $ 95,808 were reduced from proceeds of loan in 2013 and fully amortized during the current year. The revolving credit bears interest at 18 % per annum, and was due to be repaid and renewed on March 18, 2014. Specific conditions on the revolving credit agreement are related to positive EBITDA, revolving note value to collateral, and revenue covenant. The Company does not meet the requirements for positive EBITDA. In the event of default, the lender can require immediately the reimbursement of the loan. TCA Global has decided to not renew the credit facility after it matures and is repaid. The company is in negotiations with third parties to repay the debt as part of a refinancing. As part of the cost of the loan agreement, TCA Global received 800,000 bonus shares of common stock of the Company, and was entitled to receive another 800,000 common shares at September 30, 2014. As part of the credit agreement, an investment banking fee of $150,000 became due and payable on the anniversary date of the disbursement of the loan. The fee is reflected in short term debt as of September 30, 2014. The lender has the option to apply the value of the shares against the fee, or request payment in cash. The lender is requesting cash, but is working with the company to avoid confrontational litigation while the search for refinancing continues.
The loan is secured by a second priority security interest on all the existing, and after acquired, tangible and intangible assets of the Company.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005005
And that’s only a fraction of what PACV owes TCA Global Credit Master Fund, LP...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155983952
$PACV
That’s the cost of trying to register offerings with the SEC. Just because it was 10 years ago, doesn’t negate the fact that a % of the current O/S was related to the former company, and therefore assumes past liabilities and assets (or lack thereof). This is information that needs to be disclosed to any investors interested in the stock.
$COHO
Orie is displaying signs of incompetence and narcissism.
For a company that secured up to $1M in funding and currently generates $4M-$5M annually, I’d say that’s undervalued...
It also traded heavily above the .013 VWAP during that time.
$DCAC
I believe Daimler Truck Financial is involved here. Payless posted several listings online that mentioned special Mercedes-Benz financing for their customers.
I’ve posted a ton of DD that would normally spark interest in other stocks even if it were mere speculation...
$DCAC
There was also news on 07/15/2020 to support the filings. Solid equity financing on respectable terms. No real market reaction.
So much so that the positive developments aren’t even considered. And this is something that has continued for years. In fact, I don’t think I’ve ever seen a company achieve so much in terms of revenue growth and potential for future expansion and not receive the attention that it deserves. It’s current value is that of a clean shell, as if nothing has changed since 2016 when there were nominal operations.
$DCAC
It shouldn’t be idle after trading 14M shares in May. Still trying to wrap my head around it. No toxic dilution but yet the market treated it like a P&D...
$DCAC
Payless is close to 4,000 followers on Instagram...
https://www.instagram.com/paylesstrucks/
$DCAC
Orie is back in charge. What a disaster...
Subsequently, commencing on July 8, 2020, the Securities and Exchange Commission (SEC) suspended trading of the Company’s securities until July 21, 2020 (“Trade Suspension”). The specific reason the Trade Suspension occurred was due to prior management of the Company having incorrectly filed Form 15 and failing to properly revoke the Reg A offering.
As a result of the Trade Suspension , Stonecrest has deemed it necessary to cancel the SPA with Rechtman. As such, the Stonecrest designees shall resign from the Board of Directors and their positions as Officers of the Company. On July 21, 2020, Stonecrest and Rechtman executed a Termination & Release Agreement cancelling the SPA.
As a consequence of the cancellation of the SPA and the reappointment of Rechtman to the Board of Directors of the Company, a change of control of the Company occurred. As a result, Rechtman now controls the Company through the Board of Directors.
$COHO
OPEN LETTER TO SHAREHOLDERS:
Daniels Corporate Advisory Co. Inc.
LINK: https://apnews.com/9f9ab134f5ea69281942367dd64166a0
New York, New York, July 15, 2020 (GLOBE NEWSWIRE) -- Daniels Corporate Advisory Company, Inc. - Payless Truckers, Inc.
During our second quarter of fiscal year 2020, Daniels, as an incubator, continued to build upon earlier milestones in fulfillment of its corporate aim. Forward momentum continues but is now more dependent upon the generation of revenues from our rental business. Eight trucks in our fleet are generating between $21,000 - $24,000 per month in revenues. These rental revenues are helping sustaining the overall Company since the “flip” segment is generating revenues on a more modified level. The retention of key personnel during the economic slowdown as added expenses that are not permanent but have hurt the quarter. To build forward - we are reserving cash from our Class B Callable Preferred Stock and expect to be implementing these funds shortly in a levered transaction. This will have a multiplier effect on rental income and should increase asset value over time, as well. It is Management is in agreement with the view of Goldman Sacks & Company that the U.S. Economic Recovery will be V-Shaped. Simultaneously with the rebound, we expect to have success with our levered purchase of rental trucks. This will help accelerate our growth towards our goal for the Payless Truckers, Inc. subsidiary of one hundred rental trucks on the road with the potential of earning significant returns on capital over the next 12-18 months.
Management’s on-going efforts in selecting additional start-up opportunities as client (subsidiary) candidates is promising. We are in discussions/early negotiations with several that are manned with effective management teams supporting superior ideas/concepts. This collective growth engine concept has always been the Daniels’ aim and is expected to continue to be our engine for growth and eventually the catalyst in meeting the net worth and earnings requirements for a major exchange listing. Our potential for diversification - of growth prospects through a balanced array of future potential clients in different industries - has the potential to prove a stable foundation for growth.
Towards building to our growth alternatives - our formal presentation during our Second Quarter, to a New York based Family Office convinced them to take a serious interest in Daniels and its Corporate aim. In February we filed a certificate of designations with the State of Nevada, designating 1,000,000 of our available preferred shares as Class B Callable Preferred Stock, stated value of $1.00 per share, and with a par value of $0.001 per share. We have the opportunity to redeem the Series B shares at various increased prices at time intervals up to the 6-month anniversary of the closing and mandates full redemption on the 12-month anniversary.
During the quarter we sold two tranches of Class B Callable Preferred Stock totaling 176,000 shares with an annual accruing dividend of 10%, to Geneva Roth Remark Holdings, Inc. (“Geneva”), and received proceeds of $170,000 (net of expenses) pursuant to a Class B Callable preferred stock purchase agreement. The Class B preferred is classified as temporary equity since the shares are convertible at the option of the shareholder. The two tranches, collectively, recorded a derivative liability of $553,460, valued using the Black-Scholes Model, associated with Class B Callable preferred shares.
Forward Looking Statements
The statements contained in this report other than statements of historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Registrant’s present expectations or beliefs concerning future events. The Registrant cautions that such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Registrant to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, the uncertainty as to the Registrant’s future profitability; the uncertainty as to the demand for Registrant’s services; increasing competition in the markets that Registrant conducts business; the Registrant’s ability to hire, train and retain sufficient qualified personnel; the Registrant’s ability to obtain financing on acceptable terms to finance its growth strategy; and the Registrant’s ability to develop and implement operational and financial systems to manage its growth. These forward-looking statements speak only as of the date of this report. We assume no obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. You should, however, review additional disclosures we make in the reports we file with the SEC.
Press Release Contact:
Nicholas Viola
CEO
onewallstreetn@aol.com
Cell: (917) 617 - 5445
$DCAC
The transaction clearly occurred on July 13, 2020. Have 500K shares been dumped on the open market since then? No. So the dump hasn’t happened yet.
The pump has nothing to do with news or updates. Insiders can use separate accounts to buy shares and literally pump the stock, enticing market participants to buy at higher levels during the dump.
You have to understand how these things work. If it were obvious, the schemes wouldn’t work.
$GRYN
Only 138,400 shares total have traded since 07/13/2020. Loudoun sold the shares to a third-party and the insiders are now pumping the stock in order to dump. Spend $50K-$100K to make $300K-$400K or more, depending on how high they take it.
It’s called “pump and dump” for a reason... CEO sells 500K shares on 07/13/2020 and the stock starts running shortly thereafter. Classic.
$GRYN
Loudoun doesn’t even believe in his own company. Lol $GRYN
$DCAC volume coming in
Geneva loaned the company $234,000 since March 2020. The last time they received a capital infusion like that from Auctus (October 2018), the company turned it into roughly $6 million.
Most importantly, there have been very few debt conversions throughout this process...
$DCAC
Another hit just came in. Interesting action today. $FCGD
Stonecrest Acquisition, LLC has majority control of COHO. And COHO remains a dirty shell until new filings show proof that an acquisition or merger took place.
My DD is based on information from Orie’s latest Tweet: https://twitter.com/orie_rechtman/status/1280880768080699394?s=20
COHO https://www.otcmarkets.com/filing/html?id=14263367&guid=OkhFUaDcyRXMfth
New contact details are as follows.
(888) 510-6371
Investor@mallstonecrest.com
This should bring better results for shareholders who are in it for the long run.
The website linked to the above email address is actually https://www.mallatstonecrest.com . Details from the contact page refer to employees at Urban Retail Properties.
https://www.mallatstonecrest.com/contact-us/
$COHO
Scammers like Orie Rechtman need to be exposed. He operated a dirty shell for years, hired convicted financial criminals to prepare financial statements, lied about COHO’s shell status and failed to properly disclose what’s now been confirmed as a shady change of control.
His most recent tweet suggests that this will create a better outcome for shareholders, but allowing a debt-ridden, real estate management company to dump $90 million worth of debt on unsuspecting investors is far worse than the previous operation.
$COHO
2 weeks after the acquiring company was formed.
File Number: 7799976 Incorporation Date / Formation Date: 1/14/2020
(mm/dd/yyyy)
Entity Name: STONECREST ACQUISITION LLC
Entity Kind: Limited Liability Company Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: UNITED CORPORATE SERVICES, INC.
Address: 874 WALKER RD STE C
City: DOVER County: Kent
State: DE Postal Code: 19904
Phone: 877-734-8300
Either way, the debt doesn’t just disappear. It’s obvious that Urban Retail Properties no longer wants anything to do with the mall, which explains why they chose a dirty shell to unload the debt. They can easily hide their intentions here.
$COHO
Orie sold COHO to a mall under foreclosure...
$89.8Mln CMBS Loan Against Mall at Stonecrest Near Atlanta Faces Foreclosure
The expected modification of the $89.8 million CMBS loan against the Mall at Stonecrest in suburban Atlanta evidently has fallen apart as it is now the subject of a foreclosure suit.
The mortgage, securitized through Banc of America Commercial Mortgage Inc., 2005-1, had matured in August 2018, but the collateral property's owner, a venture that includes Forest City Realty Trust and Urban Retail Properties, continued to make payments as if it hadn't, while they negotiated the terms of a modification. The loan in December was classified as nonperforming matured, according to servicer data compiled by Trepp LLC. It's now classified as being in foreclosure.
Notice of the foreclosure was published this morning in a Dekalb, Ga., newspaper.
https://www.crenews.com/top_stories_-_free/top_stories_subscriber/$898mln-cmbs-loan-against-mall-at-stonecrest-near-atlanta-faces-foreclosure.html
Urban Retail Properties is/was trying to leave shareholders of a dirty shell with a $90 million bag full of debt. Smh
$COHO
Today’s 10-Q filing contains the first COVID-19 disclosure. I’m sure that’s going to influence what type of start-ups the company chooses to invest in...
Management’s on-going efforts in selecting additional start-up opportunities as client (subsidiary) candidates is promising. We are in discussions/early negotiations with several that are manned with effective management teams supporting superior ideas/concepts.
https://www.otcmarkets.com/stock/DCAC/news/story?e&id=1645457
I wouldn’t be surprised if one of them is involved with some kind of PPE product.
$DCAC
After our formal presentation during our Second Quarter, a New York based Family Office took a serious interest in Daniels and its Corporate aim. In February we filed a certificate of designations with the State of Nevada, designating 1,000,000 of our available preferred shares as Class B callable preferred stock, stated value of $1.00 per share, and with a par value of $0.001 per share. We have the opportunity to redeem the Series B shares at various increased prices at time intervals up to the 6-month anniversary of the closing and mandates full redemption on the 12-month anniversary.
During the quarter we sold two tranches of Class B Callable Preferred Stock totaling 176,000 shares with an annual accruing dividend of 10%, to Geneva Roth Remark Holdings, Inc. (“Geneva”), and received proceeds of $170,000 (net of expenses) pursuant to a Class B Callable preferred stock purchase agreement. The Class B preferred is classified as temporary equity since the shares are convertible at the option of the shareholder. The two tranches, collectively, recorded a derivative liability of $553,460, valued using the Black-Scholes Model, associated with Class B Callable preferred shares.
The current fluid corporate strategy is to reserve the proceeds of the Preferred Stock sale proceeds to enter a levered transaction large enough to significantly build out our Transportation Services subsidiary and the resultant cash flows. Some of those cash flows will be used to provide seed capital for one additional subsidiary deal. The greater the leverage we are able to obtain the greater the potential for accelerated growth for both subsidiary deals.
That’s the meat of the filing.
$DCAC
$DCAC 10-Q just hit
$DCAC 10-Q out
A/S wasn’t increased to 20 billion for aesthetics... $DPLS
$DCAC big blocks hitting