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Yes, there is the possibility:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151703557
Not exactly, this should be expected. Patrick was "Outside Counsel", which generally means he's not going to be a permanent fixture. Most likely he did what they needed him to do and his job is done. Hopefully that means we are closer to getting some meaningful info.
FYI, he is "Outside Counsel" on another former Lazar ticker and will most likely be removed on that one when he's done with whatever they hired him to do as was the case here.
Agreed, I don't believe they had the time needed/wanted to get things lined up, so they just filed the Q1 as a holdover to stay current. It didn't contain anything new so it's just a filler filing. Some people were hoping for a homerun, didn't get it, and dumped.
The real value IMO is the profile description change reflecting 5G. That's a key piece of unofficial dd that really needed to be confirmed and now it is. Good enough for me at this time.
IMO, only a positive change with the profile update and staying current with the Q1. It would have been nice to get rid of shell status, get more info, etc., but I can wait.
You do understand Cheng-Che Lee and others associated are already involved in the prospective merging entity(ies), right? They aren't "searching" for companies to acquire.
The annual report is prior to anything being transferred in. TRDX was still a shell as of year-end.
The was only a $580K loss, which was the expense incurred for taking over the shell from Lazar. The remaining $4.179M accumulated deficit is just the retained earnings carried forward pertaining to the prior company.
"Retained earnings is the total accumulation of the company's net income for all of the years it has been in operation minus any amounts paid out to shareholders as dividends."
Haven't looked for anything on Zhang Bangzhi yet, but wasn't too concerned just based on the role.
Based on the dd and filings I get the impression Cclee, Hsin-Jung Lee and Hsin-Che Lee may be Wylee's son and daughters. Cclee's LinkedIn reflects that he has or will be finishing up a PhD in 2020. IMO it feels like Cclee is or will be taking over running the family businesses full time with Wylee apparently still involved behind the scenes as CTO.
From ASIC. https://asic.gov.au/. I just wanted confirmation that Cclee indeed "runs" that company also. Something I hadn't yet confirmed.
A bit of additional info on the Australian Company. Confirmation that Cclee runs this one as well. Same address as: https://www.agccapital.com.au/contacts/
Nothing special, standard verbiage.
I think I would agree that the "Smart Crown Ltd." that owns the controlling shares in TRDX, whether "new" or not, is a different company than those that have been posed already. There is almost no reliable public data available.
What I'm saying in the post I'm replying to is that the small number of exports publicly available for Smart Crown Ltd. (BVI) to the U.S. appear to be "non-tech" items. Those types of items are household goods/furnishings and were exported to https://www.householdessential.com/. These appear to be the same types of items that the Australian company sells.
So, in summary:
Taiwanese/mainland companies merging in = tech.
Australian company merging in = non-tech.
The 5G patents are under the Taiwanese companies "Dazheng Longding Technology Co., Ltd." and "Dazheng Intelligent Financial Management Consulting Co., Ltd.".
Those 2 Taiwanese companies along with the Taiwanese company "Dazheng Fuxing Technology Co., Ltd." own 8 mainland companies.
CCLee is the sole beneficiary of Smart Crown Ltd. I don't think any other company owns it. It "holds" controlling interest in TRDX.
The "attractive businesses" TRDX is acquiring are the Taiwanese/mainland and Australian companies.
The 5G companies are the Taiwanese companies (and mainland companies they own) merging in.
I think it might be this one: https://panjiva.com/Smart-Crown-Ltd/68067635. Look at the type of items in the shipments for Smart Crown Ltd. (BVI). Now look under the "kinds of activities" section for Touching Systems TLD PTY LTD": https://asic4.com/companies/2523453/touching-systems-tld-pty-ltd/#. For the most part it could be described as household goods.
There was a post a while back where it was stated through (I think) LINE that the 5G business was the Taiwanese related companies. So IMO, at least 3 of the Taiwanese companies (and the 8 mainland China companies they hold) are the 5G/tablet related companies, but they appear to be diversified beyond that with the Australian company, other Taiwanese companies, etc.
The are all apparently coming so the more the merrier.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152529504
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152491076
Would be nice if the annual sales figure of the Australian company was accurate, eh? Converts to approx. 465M USD.
https://asic4.com/companies/2523453/touching-systems-tld-pty-ltd/#
Haven't had much time to keep up recently, but nice to see filings caught up and soon back to current.
I haven't asked them anything recently. The last time I asked them anything was the beginning of January.
Legit RMs generally take time. This one has moved along much quicker than most of the current and past RMs I've been familiar with. Bitterness from the RS is understandable, but it's not constructive.
I assume most, like yourself, do recognize that, and I certainly understand the frustration from the stop sign, drop in share price, minimal response from the company/attorney (although there's a limit to what they can/want to share until officially posted). Gainers has a good dialogue with them and it's because he corresponds respectfully and he gives them no reason to write it off as spam or empty threats.
Also, I'm in quite a few of the Lazar tickers aside from TRDX and none of them at this point have as much promise, IMO, as TRDX. There's only one, maybe two, of them that I'm in that have moved along fairly quickly and that's only because what's assumed to be merging in isn't as established as what we're assuming is coming here. The rest of them are just as slow and I'm much more in the dark on what's merging.
I appreciate your contributions, as well. Be safe and have a good weekend.
The writeup is specific to "Dazheng Longding Technology Co., Ltd." (Uniform #70571116) and it is the company they summarize on the TRDX temporary website.
The messages initiated through their LINE account aren't targeted, it's business as usual. They send those product messages out roughly once a month. The monthly progress meeting invites or random messages regarding companies they have some sort of affiliation with are no different.
They didn't ask TRDX shareholders to download the app and add the account, etc., that was our choosing. They've received responses similar to yours from others over and over for quite a while. They understand the concern, but it should be pretty clear by now they aren't going to throw something out half-assed.
Sure, no problem.
Nice to see this one consistently moving along.
Video link: https://drive.google.com/file/d/18dG6kepoH_qCxgs-lL_3g7GFt3ueyGuZ/view?usp=sharing
These are the "large output devices" referenced in the writeup: https://investorshub.advfn.com/uimage/uploads/2019/10/9/vnwmgDC3.JPG
Hey creede,
It's good and it aligns with the unofficial dd that points to Taiwanese and Australian companies merging. At the very least, TRDX would hold/own a controlling interest, wholly or partially, in those companies, as well as whatever else they plan on adding.
Yes they can hold patents.
"Holding companies are also created to hold assets, such as intellectual property or trade secrets, that are protected from the operation company. That creates a smaller risk when it comes to litigation."
Nothing official has been provided aside from names and contact info on the NVSOS and OTC. If they were wanting to pump and dump this thing they would be dropping PRs, tweets, etc. a/k/a breadcrumbs and they haven't. They would've also put out the Q3 if they were so concerned about the short-term share price or a temporary stop sign. The company was apparently advised by their lawyer (assuming Patrick) to file the Q3 with the annual. The annual is not yet due. None of this behavior is consistent with a pump and dump.
For the most part all we have is unofficial info and how one processes it and utilizes it obviously differs between individuals, as we see everything from "life changing" that you mentioned to "these people are all morons". It is what it is...a bunch of opinions based on a bunch of unofficial info and very little official info.
As far as the 5G part, the dd points to the assumed merging entity(ies) having completed at least 80+ 5G communication fiber wiring projects. The white paper discussing 5G components was written in 2016/2017. That was 3-4 years ago, so I'm assuming the monthly 5G progress meetings they apparently have pertain to completed, in-process, and future 5G projects. IMO nothing points to the assumed merging entity(ies) being "behind" in their 5G endeavors.
IMO the validity of this would be in question if they were pumping out tweets and PRs left and right. Legit RMs are generally going to take some time depending on the complexity of the transaction or any number of other factors.
It should be obvious by now they aren't dropping breadcrumbs. They'll drop the Q3, annual, lawyer letter, and whatever else on or around the same time. Then the herd will care and TRDX will be relevant again. Until then it's a matter of time passing.
Sure, no problem. Also, I'd like to see Beckett win this if he's going to merge Retail Velocity, since it appears to be fairly well run 25 year old company. We would otherwise have to wait for Lazar to find a buyer which could take some time and we won't really know what we're getting. At least Mr. Beckett appears to be exclusively tied to Retail Velocity so there wouldn't likely be any surprises.
If they have something to announce/file, I don't see any reason why they would delay that because of overall market fluctuations. If they had any concerns with that they wouldn't have otherwise put out a PR yesterday.
Since Retail Velocity is a private company there's going to be limited info publicly available to come up with a decent ballpark valuation. Generic valuations from a quick google search came up with $5-10M, which look to be based on # of employees, industry, etc. They've been around since 1994 and have worked with a great deal of large companies, so those valuations or higher certainly wouldn't be out of the question IMO.
Also, just to clarify, the court case is not a lawsuit. The case was initiated by Custodian Ventures, LLC (David Lazar) to go about gaining control of the shell with the argument that it's in the best interest of shareholders. His attempt is simply being contested and Beckett will need to convince the court that he has a plan to bring shareholder value.
Excellent, nice to finally get confirmation of the company.
New name "SANTE TECHNOLOGY HOLDINGS INC." on NVSOS.
Yep, and 2s are still a good deal IMO
Agreed, and I added more 7s today.
I also added today, but certainly didn't expect to.
This is the translation I get: "Xu Zong's team's achievements in 5g optical fiber communication cabling"