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OMG! Take some pennies you might have made on the OTC and go fund yourself a life, these actions of yours are pathetic, worst them scum, just sad. Karma, she’s out there and she’s going to level the playing field!
Great so if we fix this to:
0.02 - 0.0021 = 0.0179 projected share value after the offer.
It makes no sense that it would be 0.002 - 0.0021 (This would make the adjusted book value price of the shares in the negatives, which is not possible)
This to me show that the 0.02 offering is most probably the correct number.
The only other possibility is 0.002 - 0.00021 (but we never deal with 5 decimal points, so to me its moot)
IMO of course.
If its 0.02 we go up up up… if its 0.002 then its almost certainly a takeover considering the shares offered will tally up 49% of the projected OS.
Both are FINE with me.
Go VXIT
I did a bit of digging, seems like the whole Nanobeak Nasa part of the company might have been fraudulent when it came to detecting cancer… and the ceo basically duped everyone and took their cash.
Nanobeak as been ordered to liquidate. We may have purchased the license if there was viable tech, just not cancer tech, might work with pathogen detection. Nasa confirmed it existed but never used or tested in that way since 2017 and did not have any exclusively with Nanabeak.
https://www.justice.gov/usao-sdny/pr/former-founder-and-ceo-nanotechnology-company-charged-manhattan-federal-court
https://www.nysd.uscourts.gov/sites/default/files/2021-04/nb%2020cv7080%20apr%2013%202021%201428%20opinion.pdf
https://www.wsj.com/articles/nanotechnology-company-nanobeak-to-liquidate-after-alleged-ceo-fraud-11631571577
29.6 Million!!!! Don’t forget that!
1300$/month x 1900 Locations x 12 months
VirExit is in discussions with a nationwide service firm that has 1,900 franchisees throughout North America providing services within their regions.
Program Marketing Objectives
Based on average health club data, if a total Covid confidence building program caused just 10% of the members, who had not rejoined, to now be confident enough to join, it would generate $5,000 of new incremental membership fees less of $1,300 cost for the Covid protection program, generating a $3,700 incremental profit for each club per month.
I thought I was the only one who caught that! Haha! Nice and welcome to the old timers crew!
When VNTH was taken over by this kid:
https://mobile.twitter.com/nanotechcrypto
I watch his “I’m the new CEO” video and in there he mentioned that the NASA Tech was being tabled but they still owned it. I wonder with all his first time CEO mistakes and now seeking cash, if VXIT was able lift it from him for cheap.
Either way I always hoped that tech was coming our way, if it does that’s major $$$ for everyone, IMO.
I think like everyone on the sidelines and MMs we’re waiting for the Disclosure or PR.
Probably around 12-12:30pm PST
Its an open market, they can buy what they want , but they would have a hard time buying up large chunks at a time 50mil to 250mil.
Tho I did find the lock up agreement. At least they wont be able to sell right away even though the bought shares at .02 are eligible to be sold on market after purchase, this lockup prevents that. Should help PPS.
Lock-Up Agreements
We and our officers, directors, and more than 5% stockholders have agreed, or will agree, with a Selling Agent, subject to certain exceptions, that, without the prior written consent of the Selling Agent, we and they will not, directly, or indirectly, during the period ending 180 days after the date of the Offering Circular.
? offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, or otherwise dispose of or transfer any shares of the Common Stock or any securities convertible into or exchangeable or exercisable for the Common Stock, whether now owned or hereafter acquired by the undersigned or with respect to which the undersigned has or hereafter acquires the power of disposition; or
? enter into any swap or any other agreement or any transaction that transfers, in whole or in part, the economic consequence of ownership of the Common Stock, whether any such swap or transaction is to be settled by delivery of the Common Stock or other securities, in cash or otherwise.
I noticed that to! SaferPlace has a Plan!!!
Safer Place Technologies. Effective November 16, 2020, VXIT purchased the intellectual property of Safer Place Technologies, whose purpose is to create a primary sales and marketing platform making the world a safer place with innovative, ethical, and effective technologies. The division has identified the following seven attractive market segments:
- SaferPlace Health Club Program 36,000 in North America
- SaferPlace, Church and Synagogue Program 381,000 in North America
- SaferPlace School Program 157,000 in USA
- SaferPlace, Airline Program International
- SaferPlace, Cruise Ship Program International
- SaferPlace Hotel and Casino Program International
- SaferPlace Entertainment Venue Program International
One of the many concentrated areas will be the SaferPlace Health Club Program with the objective of restoring health club memberships to pre-covid levels because, on average, health clubs have lost 40% of their membership. The market is 36,000 health clubs and many are large chains such as Golds Gym with 600 clubs. The market is the following eight clubs:
No. 1: LA Fitness
No. 2: Life Time
No. 3: 24 Hour Fitness
- 10 -
No. 4: Equinox Holdings
No. 5: ClubCorp
No. 6: Planet Fitness
No. 7: Town Sports International
No. 8: Gold's Gym International.
Safer Place Health Club Strategy
Our strategy to bring value to VirExit through Safer Place Technologies is to:
1. Provide a program of unique, effective, and visible to the public, products and services for Covid detection, prevention and elimination measures. Unique technologies include:
1) a mist tent that you walk through to ensure that all virus and other bacteria have been removed from garments and bags;
2) the ability to provide a sterile environment of both the atmosphere and surfaces within the club with a special air purification system;
3) a contagious personal test (should be available this spring) that can determine in 15 seconds whether any person entering a club is contagious with Covid and other viruses; and,
4) a sports mask that is breathe-able for workouts yet 99.9% effective against Covid and other viruses.
2. Provide a certification by an independent health evaluation company to certify that this club is regularly following a protocol allowing them to maintain their rating as a safer health club.
Through our Creative and Positioning Strategy, utilizing our Safer Place Health Club Strategy, we intend to give the Club the ability to say: “Just by coming to our Club you will be healthier than when you came in. So, you should come here regularly.”
Safer Place Health Club Operations
VirExit is in discussions with a nationwide service firm that has 1,900 franchisees throughout North America providing services within their regions.
Program Marketing Objectives
Based on average health club data, if a total Covid confidence building program caused just 10% of the members, who had not rejoined, to now be confident enough to join, it would generate $5,000 of new incremental membership fees less of $1,300 cost for the Covid protection program, generating a $3,700 incremental profit for each club per month.
Health Club Plan Launch: VirExit has two health clubs serving as pilot locations. After 60 days VirExit anticipates rolling the program out nationwide beginning with major chains, and utilizing nationwide trade publications, public relations, and the many health club tradeshows.
This is interesting: From todays filings.
This reads like they already know 1 person is buying 2.5 billions shares.
Could it be Fine, buying up 50% thus owning/controlling the company,
Would make sense why they go NASDAQ after since they would now have Fine in the books.
Controlled company:
Following this Offering we will be a “controlled company” within the meaning of the corporate governance rules of NASDAQ. However, we do not intend to rely on these exemptions and intend to have the same requisite independent directors and board committee structure as non-controlled companies. See “Management—Corporate Governance.”
Definition of Controlled Company.
A controlled company is a company of which more than 50% of the voting power is held by an individual, group or another company. For purposes of this provision, Nasdaq interprets a “group” as “shareholders that have publicly filed a notice that they are acting as a group (e.g., a Schedule 13D).”
This offering is for Accredited Investors which I highly doubt many if any of us are such investors here.
LOL you couldn’t muster up the initial payment and they wont sell you 10k shares!
Agreed but I doubt he had a viable business plan to share with investors then, that spike should have never happened. It wasn’t on merit but more circumstance.
Are you seriously comparing not remembering 2013 filings of a past company to not being able to read/remember last weeks filings. That’s just sad. You might need more then just glasses.
Thanks… best of luck in the trading world to you as well.
PVDG was never selling lighting equipment or even anything wired. I don’t think it’s the past but possibly our future!
Might be Lexian… check out the form.
Primary Standard Industrial Classification Code
ELECTRIC LIGHTING & WIRING EQUIPMENT
https://ih.advfn.com/stock-market/USOTC/virexit-technologies-pk-VXIT/stock-news/87086639/registration-a-offering-under-the-securities-act-o
The fiances, sure they were. All in the past financial documents released in the last weeks, like I’ve told you many times, you may need glasses… and some meds.
Since its a public offering, is it possible to follow the contributions somewhere? Maybe this was just done as a formality. They possibly already have the “investors” it just needed to be made public. Like an internal job offer needs to go public for legal purposes.
Bye! What was posted today financialy was already public, if thats what got you to sell you havent been paying attention.
I dont think they deal in tiny orders. Seems like they have up to 2.5 billion shares available at 0.002.
No one willing to invest lets say Half a Million right now would try to buy on the open market it would take so very very long. I read into this like so: we have our plan, now we need cash.
I would assume private investors get to see behind the curtain as no one would invest that kinds of cash on what we know.
Must be some amaizng things happening in background that need funding which has a high probability of big profits, that NASDAQ quoteis pretty telling as well.
Loking forward to what develops.
Yep and the wording is important. Just means details are not fully hashed out, as they decide if going though with the deal is still worth it or not. Why buy Lexian is their tech is non-functional or to expensive to produce for example.
“ A common or generic dictionary definition of the term consummate in finance is the “completion” of a contract. In mergers & acquisitions, the term specifically refers to the “perfect” completion of a thing in every detail. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. In the case of mergers and acquisitions, this will refer to the completion of the deal as stated in the merger agreement. This agreement is usually written once due diligence is complete and will become the definitive agreement. Depending on the type of transaction, this document may be known as the “merger agreement” or the “share purchase agreement”.
Despite the “finality” of the term, even after a merger or acquisition has been consummated, it is still possible the deal can be unwound on anticompetitive grounds.”
https://mergerarbitragelimited.com/finance-and-investment-glossary/consummate/
Oh but how will one survive without all the Fake Drama! Haha. Muting is systemic exclusion, how dare you. Haha!
Enjoy the calm.
There are way to many plausibilities as to why an Acquisition could have fallen through. Remember that such deals come with many many stipulations and contractual obligations. If let’s say Ian (Lexian) didn’t hold his side of the deal, then Vxit has all rights to simple walk away, or re-enter negotiations, the same goes for the reverse.
I’d also like to add, that the wording “No yet Consummated” are very well chosen words. It very much sounds like details went off the desired plan and they’re working out details to see if still viable. Consummated could simply mean final contracts are not signed, maybe even lack of funding… we just dont know but definitely not a reason too start claiming is fraudulent. Deal isnt dead yet but even if it doesnt go through, its not a lie and its not fraud, its business.
Find your own reasons… tho to be honest they’re about the same reasons as putting 30K on a roulette table. Both are gambles and both can make or break you.
If this was a sure bet with no doubt, it wouldn’t be on the OTC and it wouldn’t this cheap. If you want sure bet… get out of OTC or play with the 50c plus guys but as you know, you ain’t pulling 6-7 figures by investing 4 or 5.
I’m out.. good luck to you.
Are you actually calculating the value with the Par value?
Those “payroll shares” were from this salary.
"Our team is solid and stands behind VirExit's long-term plans for the organization," said James C. Katzaroff, CEO. "Dave Croom, VirExit's Chief Operating Officer has invested $10,000. Bruce Jolliff, our Chief Financial Officer, invested $25,000; and I have invested an additional $30,000."
30K + 25K + 10K = 1.1Million.. lol… no! 65K!!!! The other 10 must be Tax/Fees/Benefits/Social.
And.. if you can “search” a document… you’ll find “Payroll”.
https://www.otcmarkets.com/otcapi/company/financial-report/317590/content
Payroll/Tax/Benefits 75K 2021 - 75k 2020
Its not hard you know, all the info is out there.
Debt is synonymous with OTC so why even debate. ALL these startups have debt especially if they took on this debt prior to even changing their ticker symbol!
To the rest I say. You’re reviewing a movie by its trailer or a play before the curtains opens. Wait and see what will happen, you don’t know, I dont know. Its all maybe’s, risk with plausibilities.
One things for sure is there is no dilution and that’s big… the prospect of a very fruitful company is still there, so I stay. I’m still very in green anyways.
No one should “trust” anyone on IHUB for investment advice! But some of us find good DD and share enlightening insights, others blow off steam… and some look like they should go back to trading blue chip!
OTC is the casino of stocks, and that’s why we have all the crazies!
Get your glasses and read! PVDG had over 1 million of Accrued Payroll Expenses in 2018! They simply carried over. If you actually look at what current payroll is, I think it was 75k but I invite you to go read!
Perfect, that’s what I thought.
If VXIT decided to take on PVDG with these debts then I’m pretty positive they had and hopefully have a plan in place to pay it off once income is generated. I’m also pretty sure their plan isn’t solely to pay off old debt, haha they want profit and a lot of it!
Just a waiting game as far as I’m concerned. There’s a reason they needed an “old” established company if not they could simply have started fresh without all these audit expenses. Cant wait to see why!
BTW, LOL on the Sharp Joke.
Whats your point? Look at past filings… a lot of this debt was there from PVDG.
Didn’t seem to concern you then… why now? They barely added to the corporate debt since takeover.
I think its all My Power Solutions.
“ The Company needs to generate revenues or must raise additional capital, reduce expenses and curtail cash outflows in order to be able to accomplish its business plan. In the interim, the Company will continue to borrow funds from affiliates as needed and will accrue for management salaries and defer certain payments. The Company’s $3,381,882 of total liabilities at August 31, 2019 includes $1,114,207 of notes payable to a related party, $1,093,579 of accrued payroll expenses due to Company management, and $19,146 due to an officer of the Company.”
https://www.otcmarkets.com/otcapi/company/financial-report/275475/content
It depends who its owed to, it could be in litigation for as far as we know, could be part of the old Africa Power Project. Then again it could be payroll expenses owed to the government (Social, Heath, Tax….)
But being its on the books since 2018, I’m not to concerned about it, no one seems to be asking for these funds… yet. Lol
These have been in the books since 2018+, a debt somehow related to PVDG.
https://www.otcmarkets.com/otcapi/company/financial-report/275475/content
Salaries have been converted into shares. I dont think its an issue.
Could we please share some DD on this or at least a photo of your magic crystal ball!
We think alike! Clearly there’s a need for anti-viral drugs but it wont be for general public protection and infection prevention. It will be for people who have been infected with the virus and in no way a prevention of infections and spreading of diseases.
Masks stop spread, pills do not. Case and Point!
Tho, I’m expecting a lot more then just masks for Vxit!
I know they’re different but try convincing different factions of this. Anything new is met with resistance. Its simply a fact of this world. People are literally fighting to not wear a dam mask on a plane and you expect airlines to force everyone to take a pill to fly. Not going to happen and its close to impossible to implement. Will it be pill time like at the rehab center before boarding, take the pill and let me inspect your mouth, move that tongue to the right, dont hide that pill! Lol.. you see the issues.
Masks are still visually identifiable, accessible, storable and wont expire on a shelf. They’re here to stay and will only keep getting better.
Nope, 38% of America wont touch a vaccine and you think you’ll be able to convince people to take an anti-viral drug to board a plane while un-symptomatic, I highly doubt it.
Masks are here to stay, especially if they neutralize the virus on contact both on exhale and inhale.
They should not be our main bread an butter but should be nice side income.
No, the only story here is someone’s trying to get cheap shares by spreading misinformation and fear.
IMO of course.
Do some research, its not hard and its been documented here before. But here I googled! So hard.
This is Shawn Leons Canadien Facility GreenStone CEO April 2011, much much before any GRST action.
http://alcoholanddrugrehabcanada.com/greenestone_addiction_treatment_center
Doug Ford at GreenStone
https://www.theglobeandmail.com/news/toronto/greenstone-rehab-clinic-confirms-rob-ford-is-in/article18830244/
Greenstone Also Does CANCER Detection through subsidiary.
https://www.thestar.com/news/gta/2014/09/14/mayor_rob_fords_rehab_clinic_also_does_cancer_detection.html
Sawn Leons business history including GreenStone
https://www.macroaxis.com/invest/manager/GRST/Shawn-Leon
Its not hard to see that this is whats being transported into the usa. Its nothing new for him, its been trialed, tested and proven. Only bureaucracy is holding this one back. Big successful businesses are not built in a day, the early days are hard, long and for very little profit. Stay afloat and build, thats when things turn for the positive and quickly. GRST, to me is a long hold, not a flip play. Been here much longer then you ;)
IMO of course