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.
EXACTLY...,WELL SAID . MODS GIVE IT A STICKY
That's my opinion, everyone's been chasing the action on tickers in the trips the last couple of weeks. Pull up the 2 year on this one ....,gonna be interesting.
Because they are not paying Peter Stazzone for nothing, he's just recently been appointed to head things up ,check your recent 8k or I believe this info has also been put up by the board moderators in the "I" Box.
Thanks for the info ,will send them an email and screen shots
Damn it TDA keeps rejecting my buy W/ (opening transactiions for this security are not accepted).....,sucks usually they let me buy what ever I want,thats why I'm with them I despise anyone telling what I can and can't buy...,so folks who can I buy this with ?
Can we get that sticked
Oh that's simply precious
Buy sell or hold ,but why promote your reasoning ahead of the company's
CLEARLY STATED REASONING for their desired RS, it is after all their company.
Sure enough the shareholders don't want a RS but again the company CLEARLY STATED the following in the filings ...,
a reverse stock split of the Corporation’s common stock, par value $0.0001 per share, (“Common Stock”) (including all outstanding warrants and options exercisable for shares of the capital stock of the Corporation), in a ratio to be determined by the Board, without further approval or authorization of the Company’s stockholders, in a range between four thousand-to-one (4,000:1) to seven thousand-to-one (7,000:1), to be effective on the date to be announced by the Corporation (the “Reverse Split”) and amending the Articles of Incorporation accordingly.
The stockholder action by written consent was taken pursuant to Section 78.320 of the Nevada Revised Statutes (“NRS”), which permits any action that may be taken at a meeting of the stockholders to be taken by written consent by the holders of the number of shares of voting stock required to approve the action at a meeting. This Information Statement is being furnished to all stockholders of the Company pursuant to Section 14(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules thereunder solely for the purpose of informing stockholders of these corporate actions before they take effect.
Please be advised that Atara Dzikowski, David Dahan, Avraham Benzo, and Y.A.R.N. Investments Ltd., holding approximately 55.9% of our issued and outstanding shares of stock (the “Majority Stockholders”), have executed a written consent approving the Reverse Split. No other votes are required or necessary to amend our Articles of Incorporation, and none is being solicited hereunder.
Pursuant to Rule 14c-2 under the Exchange Act, these corporate actions will not be effected until twenty (20) calendar days after the filing and mailing of the Information Statement to our stockholders or as soon as practicable thereafter. We will mail the Notice of Stockholder Action by Written Consent to the Stockholders on or about January 6, 2021. The Reverse Split will become effective only after the Board determines the ratio and the Corporation files a Certificate of Change with the Office of the Secretary of State of Nevada.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND A PROXY.
That's pretty CLEAR is it NOT...,LOL
You stated...,
Ownership goes down if they dilute after the split. If they don't dilute, R/S has no impact
This statement has ZERO barring in REALITY.
OWNERSHIP IN NO WAY IS REDUCED ,and the notion if they don't dillute the RS has no impact is LAUGHABLE.
The purpose of the RS was also CLEARLY STATED...,
Purpose of the Reverse Split
The Board of Directors believes that a reduction in the number of outstanding shares through the reverse stock split will provide flexibility in future corporate developments. The increase in the number of shares remaining available for issuance as a result of the Reverse Split may potentially positively affect our ability to raise additional capital, acquire assets or other companies, or issue securities convertible into or exercisable for our Common Stock.
In addition, a reduction in the number of outstanding shares may increase the per share market price of our common stock which may provide a more favorable trading market for the shares. Lower priced shares are looked upon with disfavor by regulatory authorities, and some investors do not invest in low-priced stocks.
While a decrease in the number of shares issued and outstanding may cause an increase in the trading price of our shares, no assurance can be given that the trading price of the stock will increase after the reverse split becomes effective. The trading price of the shares may remain the same or even be reduced.
In deciding to implement the Reverse Split, our Board of Directors considered among other things: (a) the market price of our Common Stock, (b) the number of shares of our Common Stock that will be outstanding after the Reverse Split, (c) stockholders’ equity, (d) the number of shares of Common Stock available for issuance in the future, and (e) the nature of our operations. Upon implementation of the Reverse Split, pursuant to the ratio to be determined by the Board, every X number of shares of the Company’s Common Stock issued and outstanding immediately prior to the effectiveness of the Reverse Split, will be exchanged and combined, automatically, without further action, into one (1) share of Common Stock after consummation of the Reverse Split, with no change in the number of authorized shares which the Corporation shall have the authority to issue.
(QUESTION WILL THEY MAKE THEIR MONEY SELLING THOSE SHARES OR ON THE OVER PRICED LUGGAGE ?)
HERE'S THEIR REASONING...,
The Company’s Board approved the Reverse Split on December 17, 2020. Our Board of Directors believes that the Reverse Split will provide flexibility in future corporate developments and may increase the per share market price of our common stock which may provide a more favorable trading market for shares. The Majority Stockholders consented to the Reverse Split in an action by written consent on December 17, 2020.
As of December 15, 2020, there were 4,853,376,168 shares of Common Stock issued and outstanding
Although the Board of Directors believes that a decrease in our public float and higher stock price may help generate investor interest and increased volume in trading of our Common Stock, there can be no assurance that the Reverse Split will result in a per-share price that will attract institutional investors or investment funds or that such share price will satisfy the investing guidelines of institutional investors or investment funds. As a result, following the Reverse Split there may not be any increased investor interest in our Common Stock.
Now why I might buy this garbage in the trips or post split after a significant retrace,
per the filing is as follows
The effect of the Reverse Split on our authorized and outstanding shares of Common Stock will depend on the ratio that the Board implements.For example, if the Board determines to implement a five thousand-to-one (5,000:1) Reverse Split, then the effect on our authorized and outstanding shares of Common Stock will be as follows:
PRE R.S.
Authorized Shares of Common Stock
(7.5 billion)
Issued and Outstanding Shares of Common Stock
(4,853,376,168)
AFTER R.S.
970,676
Shares Reserved For Issuance
(1,371,545,570)
AFTER R.S.
274,310
Authorized but Unissued Shares of Common Stock
2,646,623,832
AFTER R.S.
7,499,029,324
This company is surviving on toxic Loans hence why they needed to increased the Authorized to 7.5 bil....,as well as why they must do a reverse split prior to those toxic loans coming due. See they likey aren't going to make the money to pay those loans back selling luggage so the lenders will get paid in shares .
The RS will insure a very nice profit at the conversion rate,as those shares get dumped into the market. With the AS not changing there's plenty of shares to ensure that the lending cycle will continue,
so long as some cleverly worded PR's help to maintain the liquidity of shares trading hands ...,that's how it works and why it works.
In the otc this one of less scrupulous but completely legal tools available in the otc tool box.
Go back and look at the last 10Q does it look like a healthy company? Not in my opinion.
Now that 1.5 bil order was most likely a fat finger mistake as ...,
SEC rule 144 says you cannot trade more than 1% of a given security type any given day.
Also, the SEC has enacted a "large trader" reporting rule requiring Form 13H. One must obtaing a Large Trader Identification Number (LTID) if you are a large trader.
"Large Trader" is defined as a person or entity who, directly or indirectly, through the exercise of "Investment Discretion," effects transactions in exchange-listed equities and options that equal or exceed 2 million shares or $20 million during any calendar day, or 20 million shares or $200 million over the course of any calendar month.
Man alive,could you imagine being a principal in the company and having to wake up every morning knowing you could bank more income trading the stock versus running the company,only you can't trade the damn thing ...,well at least not legally lol.
Life may not be fair but it sure is entertaining.
Hope everyone is taking profits.
They lose no control over the RS, their stated reasoning for the RS was very clear,their not happy with this hussle's action no more ,
nobody wants to buy a cheap bloated little piggy..,Or put more properly ;
Purpose of the Reverse Split
The Board of Directors believes that a reduction in the number of outstanding shares through the reverse stock split will provide flexibility in future corporate developments. The increase in the number of shares remaining available for issuance as a result of the Reverse Split may potentially positively affect our ability to raise additional capital, acquire assets or other companies, or issue securities convertible into or exercisable for our Common Stock.
In addition, a reduction in the number of outstanding shares may increase the per share market price of our common stock which may provide a more favorable trading market for the shares. Lower priced shares are looked upon with disfavor by regulatory authorities, and some investors do not invest in low-priced stocks.
Ie they WANT MORE OF YOUR MONEY !!!!
The money was made selling the news on the way up ,now its a straight gamble on a rumor vs simply doing what the filing naturally suggests .I suppose we shall see if we end next week back in the trips with a whole new round of bag holders .
100% your correct but Like I said I prefer it in the trips the money was made on the way up.
Not to say you couldn't get a dip and rip even at these levels just be on the sell side,because at the end of the day nobody here and likely nobody anybody here knows actually owns the over priced luggage lol.....,best advice I can give trade the trade and buy American
Maybe , but if my math is right an 7k-1 RS puts the SS back under 100 million and it's
RINSE and REPEAT THE HUSSLE.
THEY WERE PRETTY CLEAR ABOUT THEIR REASONINGFOR THE R.S & NOTHING MATERIAL HAS CHANGED TO INFLUENCE OTHERWISE
I think so as well..., glta
Well look at that someone said something of actual substance.Now if we can just get to the bottom of the NEW OFFICERS dialog we might be able yo figure out if this was just a pump job or NOT!!!
EARNED YOURSELF A FOLLOW ,THANKS FOR THE INFO
Is that what's being said FUNNY , because I'm here to check it out because of Bryan Au.
Agreed but remember never let the reality get in the way of trading the trade ...,not in otc land. The company officers made money selling the shares ,traders made money flipping them ...,so who lost money anyone who bought the story line but neglected to trade the trade,I prefer it in the trips myself..., GLTA
Idk id think the more reserves a company has in its coffers the more attractive it is for the nasdaq crowd .
4-7 thousand to 1 RS ....,will it be enough we shall see. Can't disagree with the company's stated reasoning reasoning for doing so .
As of December 15, 2020, there were 4,853,376,168 shares of Common Stock issued and outstanding
Makes sense to RS when the market for expensive smart luggage was small pre covid and post covid someday ...,will be more restrictive, certainly better to have a much much smaller SS and focus on the niche end if things.
Careful of deep pockets that'll try and push this up only to sell into the run...,glta
Though TERMINATION OF REGISTRATION GENERALLY ISN'T A POSITIVE DEVELOPMENT.
Though I'm open to correction and waiting for any responses
Understood, there's a lot of longs here and we aren't going anywhere anytime soon. As Traders there are tickers to flip and tickers to hold and add on the dips ....,BEST OF LUCK TO ALL
you can't do both at the same time, first we will increase the AS ,then down the line when and IF necessary we can do an RS once we uplist.
And once we do uplist I for one would be quite fine with the rs then .
Yup , that's how it goes it pays to read and understand the filings.I voted for the increase in AS and against the RS because the RS would've made it more difficult for others to join in. Where as the increase gave us #1 more liquidity and #2 keeps the SP affordable to be easily EASILY ABSORBED....,FCK YEAH ALPP MAKING IT HAPPEN IN A BIG WAY
NO RS , PEOPLE DON'T KNOW HOW TO READ FILINGS !!!
THE INCREASE INAS
IS VERY GOOD FOR US.
All true because there was a filing,though not anyone here nor myself can find a link to anything about NEW OFFICERS!
But hey we can get off our ass and check the filings....,so what was the filing ?
CORRECT me if I'm WRONG but ALL I can find is...,
https://www.otcmarkets.com/filing/html?id=14661740&guid=cMCKUHm8pzBE1yh
Translation...,
https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati__
Confirmation check at EDGAR...,
https://www.sec.gov/cgi-bin/browse-edgar?CIK=1506295
Potential Conclusion....,
COCKSUCKER'S SLY
But then again who
Doesn't CHECK FILINGS !!!
I'll give you a hint it's NOT the ones whoSOLD
Me as well,left a message with the company though I haven't heard back yet,will post what I hear back if I do.
Do you have a link to verify that ?
Welcome aboard, I can't speak for everyone but I got in earlier and I'm still adding to my position.
Thanks for the reply,looks like I'm in good shape ....,what a day for the otc.
Ok awesome, thank so much for your quick reply!!!
Say Chaka, I've been in this like a year ,remember the spin off shares ? I'm curious when those come open . Thanks
That blink turned into a pretty sexy ?? wink.
Nice work DownDraft ,great D&D your posting!
Nail on the head on that one CJ,Georgie said something last year that profoundly changed my approach and that was,"One has to understand the environment their trading in"
And all those things you just mentioned make this VITX environment a very inviting neighborhood to be in.
Been reading up on the micellization process,
To summarize,Micelles the product of micellization,essentially help the body absorb lipid and fat soluble vitamins.They help the small intestine to absorb essential lipids and vitamins from the liver and gall bladder.They also carry complex lipids such as lecithin and lipid soluble vitamins (A, D, E and K) to the small intestine.
Vitamins created through the micellization process are more easily and readily absorbed by the body.So when one uses the micellization process in the creation of liquid vitamins, it's to create a vitamin that provides even greater bio-availability of the active ingredients targeted.
The Company's patented micellization technology allows for pure products of plant nature,such as curcumin, hemp, omega 369 and the most important vitamins B, C, D and E in water soluble form and highest organic availability. This creates a differentiated value-add for Vitana-X products.
Add that to their DNA analysis approach and we got us a tweenty first century delivery system tailored for the individual.
I agree ,though I think that's going to change real sooN.To any new traders,consider yourselves lucky because your in the exceptional company of some Due Diligence Powerhouse's .
I'm super stoked to see you all here.
Took my starter position a week ago and will be averaging in profits from other trades this coming week .....,
GLTA ..,
Remember Always double check the D&D posted so ya get the hang of how to do your own research.
104.04 percent up since I read your DD,Another great call by one of my favorite traders ....,thanks Miss CJ
Thanks for the read from Sterv ,I'm really liking science behind these products .
And another great call by one of the best!!!
Trading stocks while being driven autonomously,God I love this country and my countrymen. I'm waiting for the self driving RV.