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also see Qservice message 1219 for patent numbers
Patent numbers are from company's own June 28, 2017 8K page 11 of 29 Intellectual Property and Future Intellectual Property Strategy.
Isnt that what TENassociates LLC is hired for to promote the company to any and all who will listen. Sounds to me the same as what Market Insider Reporting was hired to do - promote. They told me the price would go to $2.50 and it did.
Now only if Tenassociatedllc can accomplish the same, I will be a happy camper.
Another question I guess the new PR firm should address - the current status of these asset applications with documented verification or links to the verification. Would be helpful and to their own self interest to have this information verifiable.
anybody know where to go to check up on the status of thse 3 patents? I have tried the USPO and EU patent offices with no success.
https://investorshub.advfn.com/uimage/uploads/2017/9/2/jwewl43.png
Market Insider Report was the firm who kept emailing me and phoning me to try and get me to buy the stock. Market Insider Report had nothing to do with 12 Retech.
http://marketinsiderreport.com/
You certainly spin an optimistic future for us, haha. Like you said, chips are on the table. Lets see what happens. Thanks for keeping this board alive.
From page 26 of 29 of the June 28, 2017 8K
Conversion:
The “Conversion Ratio” per share of the Series A Preferred Stock in connection with any Conversion shall be at a ratio of 1:20, meaning every (1) one Preferred A share shall convert into 20 shares of Common Stock of the Company (the “Conversion”). Holders of Class A Preferred Shares shall have the right, exercisable at any time and from time to time (unless otherwise prohibited by law, rule or regulation), to convert any or all their shares of the Class A Preferred Shares into Common Stock at the Conversion Ratio.
haha. When "12 it" becomes synonymous with "google it" we'll know we've got it made.
Looking forward to when the 12 app is available for download from the app stores.
yup, just saying and pointing out - this dude has a huge interest in this thing being successful.
Just for the record - Ponzaetta's gonna cover himself in gold first. If he converts those pfd shares, (which he can at any time) he'll own 145 million of a possible 175 million shares.
Recent press releases have been at 9 am ET so looks like not PR today.
Possible catalysts?
Closing of 12 Japan acquisition (probably already baked in).
Expansion of deal with ITO-YA
Deal with Satomi (company that figures so prominently in the you tube video).
News will come when it comes.
Well that was a sudden dose of reality. Didn't expect that ending.
Oh well. Another day closer to the "transformational" affairs. haha
Last few press releases have come at 9:00 am ET. Wonder if the next one will be at the same time of day what with the new PR firm.
Sure hope that 12 Japan acquisition gets closed, its been a while.
I only get 15 posts a day. So want to save most for trading day. Is there a way (free) to be allowed more than 15 posts?
That's $10k a month for the gold option. They must plan on having the money (ie revenues) to pay for the service.
Just conjecture on my part but it almost sounds to me like they want TenAssociates (sine they are based in USA) to handle the North American operations while Ponzettta and Monteverde and 2 other employess to handle Hong Kong, Japan and China and rest of Asia. Don't know who would handle EU.
Sure hope that Japanese acquisition gets closed.
Service provided by TEN Assoctiates LLC? Bronze, Silver, Gold?
http://www.tenassociatesllc.com/programs/
I see that, much appreciated. You are very talented with internet publishing! Hope all your efforts pay off for you.
Thanks, I thought you might be able to.
Can anyone fix the formatting of share structure in intro box?
Thanks for links.
Conjecture/Wishful Thinking
Possible catalysts
Announcement of closing of 12 Japan acquisition
Expansion of deal with ITO-YA from its flagship store to its 9 other stores in Tokyo and 1 in Osaka
Deal with Satomi women's apparel (featured prominently in YouTube video
Announcement of other deals
Comments about heavy share ownership by Angelo Ponzetta
Ponzetta owns 45,000,000 common shares and 5,000,000 Series A Pfd shares. The Series A Pfd are convertible at any time into 20 common shares for each Series A Pfd share.
Source pages 21 and 26 (conversion) of 29 from June 27, 2017 8K.
So if Ponzetta converted his Pfd shares to common he would own 145,000,000 of 175,682,000 common shares! That's 83.1%.
Huge payoff for this guy if this stock takes off and these magic mirrors start to fly.
Nice to have all that info in one read. Thanks for putting it together.
thanks.
I have to go out now, but I take it now that it's OK with you to change the float number to 29,692,024?
We agree that there are 75,692,024 common shares issued and outstanding and that there are also 5,000,000 Pfd shares issued & outstanding. I am an accountant/auditor by the way. Just thought I would point out that the way the information is presented is misleading in the share structure section.
I disagree. There are 75,682,024 COMMON shares issued & outstanding PLUS 5,000,000 Series A PFD. Management owns 46,000,000 of the common. The way it is presented makes it look like there are only 24,692,024 common shares held by non-executives when there are actually 29,692,024. Either change the total to 80,692,024 or change the float to 29,692,024.
Regardless, as you have been around here a lot longer than me, I will defer to your decision. Up to you whether you want to change it or not.
As a moderator, I am thinking that the share structure in the intro section is obviously wrong. Of the 75,692,024 common shares outstanding, 46,000,000 are owned by officers, directors. That leaves 29,692,024 as the common share float rather than the 24,692,024 displayed. It is noted elsewhere that CEO also owns 5,000,000 preferred shares.
I am planning on correcting this. You agree?
yup, fingers crossed.
thanks. You make a good point about them not counting as outstanding until converted. Hadn't thought of that.
Tight control by Ponzetta makes a hostile takeover unlikely. It's really his baby now.
Let's all hope we all get richer on this one.
I missed out on the Market Insider Reporter run-up. I don't intend to miss out again.
Appreciate your insights. Thanks.
Wow, thank you.
Where did you find that?
I was kind of expecting 10 - 1, but not 20 - 1.
Management really has tight control of this puppy.
Does this make RETC a split share corp? I have heard in the past that the market doesn't like corps with multiple voting shares
Even so, 75,692,024 + 20 * 5,000,000 = 175,692,024. Still at $1 a share, $175 million may still be a bargain
I appreciate your answer. Thanks.
Do you know how many votes each preferred share is entitled to?
A big thank you to whoever changed the share structure and ownership information to reflect the current common shares outstanding of 75,692,024 and the 46,000,000 shares owned by management.
The 5 million pfd shares outstanding is separate from the 75,692,024 common shares.
I think the common share float should therefore be 29,692,024 rather than 24,692,024.
Regardless strong ownership by management and a relatively small float bodes well for share price if product works as promised and PR firm is up to snuff.
I will be adding to my position as funds become available.
From June 27, 2017 8k filing
ITEM 4.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of the date of this Current Report by: (i) each of our directors; (ii) each of our executive officers; and (iii) each person or group known by us to beneficially own more than 5% of our issued and outstanding shares of common stock. Unless otherwise indicated, the shareholders listed below possess sole voting and investment power with respect to the shares they own.
As of June 27, 2017, there are 78,692,024 common shares issued and outstanding, 0 shares issuable upon the exercise of stock purchase options within 60 days, and 0 shares issuable upon the exercise of stock purchase warrants within 60 days.
Page 20 of 29
Name and Address of Beneficial Owner
Title of Class
Shares Held
Percent of Class 1
Angelo Ponzetta 2
Unit B, 22/F, Times Tower
391-407 Jaffe Road
Wan Chai, Hong Kong
Common
45,000,000
57.18%
Daniele Monteverde
Unit B, 22/F, Times Tower
391-407 Jaffe Road
Wan Chai, Hong Kong
Common
1,000,000
1.27%
1 The number and percentage of shares beneficially owned is determined under rules promulgated by the SEC and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has sole or shared voting power or investment power and also any shares, which the individual has the right to acquire within 60 days through the exercise of any stock option or other right. The entities or persons named in the table have sole voting and investment power with respect to all shares of common stock shown that are beneficially owned by them, subject to community property laws where applicable and the information contained in the footnotes to this table.
2 Additionally, Angelo Ponzetta is the beneficial owner of five million (5,000,000) shares of the Company’s Series A Preferred Stock.
ITEM 5.
DIRECTORS AND EXECUTIVE OFFICERS
Identification of Executive Officers and Directors of the Company
Name and Address of Beneficial Owner Directors and Officers:
AGE
Class
Shares Held or Controlled
Percentage of Class 1
Angelo Ponzetta 2
Unit B, 22/F, Times Tower
391-407 Jaffe Road
Wan Chai, Hong Kong
56
Common
45,000,000
57.18%
Daniele Monteverde 3
Unit B, 22/F, Times Tower
391-407 Jaffe Road
Wan Chai, Hong Kong
65
Common
1,000,000
1.27%
All executive officers and directors as a group (2 people)
Common
46,000,000
58.45%
1
The number and percentage of shares beneficially owned is determined under rules promulgated by the SEC and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has sole or shared voting power or investment power and also any shares, which the individual has the right to acquire within 60 days through the exercise of any stock option or other right. The entities or persons named in the table have sole voting and investment power with respect to all shares of common stock shown that are beneficially owned by them, subject to community property laws where applicable and the information contained in the footnotes to this table.
2 On June 27, 2017, Angelo Ponzetta was appointed as the Company’s Chief Executive Officer, President and Secretary and as a Member of the Company’s Board of Directors.
3 On June 27, 2017, Daniele Monteverde was appointed as the Company’s Chief Financial Officer and as a Member of the Company’s Board of Directors
Share reconciliation and sources
24,582,004 May 31, 2017 DVGG annual report
-19,800,000 June 27, 2017 - share cancellation
4,782,004
6 June 27, 2017 - 6 for 1 forward stock split
28,692,024
50,000,000 June 27, 2017 - 12 Hong Kong acquisition
78,692,024
-3,000,000 July 13, 2017 - share cancellation by vendor
5,000,000 Aug 2, 2017 - shares issued for 12 Japan
-5,000,000 Aug 2, 2017 - shares cancelled after 12 Japan acquisition
75,692,024 current common shares o/s Aug 27, 2017
5,000,000 current pfd shares o/s - see June 27, 2017
12 Retech Corp did not hire Market Insider Report.
Market Insider Report is being compensated $10,000 per month from Titan Management Investment Group (TMIG) Limited for advertising on 12 Retech Corporation
12 Retech Corp did not hire Market Insider Report.
Market Insider Report is being compensated $10,000 per month from Titan Management Investment Group (TMIG) Limited for advertising on 12 Retech Corporation
Share structure above has been corrected to reflect recent events
Thank you to whoever arranged the correction
SHARE STRUCTURE
AS - 500,000,000
OS - 75,692,024
Float - ???
At $.07 a share 12 Retech has a market cap of $5,298,441. Should get an idea what 12 Japan (Ito-Ya) is worth in revenues in next quarterly report.
lets see if Tom Nelson is worth his salt. I would like to know what level of service he is providing to 12 Retech, Bronze, Silver or Gold services?
Nowadays we say "google it" if we want to find out something. Time to replace that with "12 it"
Spread the word, 12 is here!
NFL,NBA,NHL, soccer, college stadiums,arenas, subways throughout the world. Wouldn't these all be prime locations for 12 interactive screens?