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Agree with you here. No testing yesterday, no testing as of yet today. Beginning to look like a dog-n-pony in the run-up to convert those notes and sell those shares, imo.
MELY - oh, I know, there is nothing to test, waiting on delivery, imo.
To answer the question, "Who uses 'dude' anymore?", I believe the Big Lebowski still uses 'dude'.
MELY - 4milly+ boom shakalakalaka, boom shakalaka boom shakalakalaka, boom shakalaka shakin' out the weak hands boom shakalakalaka, boom shakalaka boom shakalakalaka, boom shakalaka
Hey,wait a minute - that 4milly+ isn't even enuff to get the anticipated delayed divvy boom shakalakalaka, boom shakalaka boom shakalakalaka, boom shakalaka BOOM
b/a .0002/.0004 hehehehe
What, and miss the delayed divvy as a bona fide? I'll hold what I got left for sh*ts and giggles. Until then, crash the boards. hehehehe
MELY
Hehehehe... doesn't appear that there was even 1 worker tested today. Not a good day to be in the office.
MELY - gonna need about 200 joules and 2cc of adrenaline in this remake of Flatliners. What a cheezy flik that was.
Sung to the Dr. Pepper theme song of years' past...
"I'm a doper, you're a doper, MELY, wouldn't you like to be a doper, too?"
MELY - the first to turn tetrahydrocannabinol into petahydrocannabinol. Hey MELY, what's hash rate? LOL
The cost of transparency? At least you know that someone manages the page. Your post will get deleted, but "Comments" is the name of the two-way street on social media.
MELY -
Yeah, I think you're correct. The Clapper is a San Fran-based company, Brett probably worked out a deal for common shares. Mely's probably using the Clapper Plus.
MELY
I've never called it a scam nor a legit biz. It is what it is at any point in penny stock time...
MELY
yep. those preferred shares will be as much use to a monkey as they would be to anyone else. hehehehe...
MELY
Ha. Well it's low overhead. A bunch of bananas and oranges. I was thinking there were outlet timers programmed to flip the power strip. ha!
MELY
Why not, Brett has pretty much burned the shareholder who didn't average down, flipping to recoup costs. Also, the infamous "f-bomb email" in response to a poster here always stuck in the back of my head. GLTA
MELY
MELY is going to have to file an 8K/A/A (hehehehe). Brett posted the anticipated date of issuance but, forgot to post the anticipated date of shutting off the lights and closing the door, imo.
MELY - "anticipation" - Brett, you keep using that word. I do not think it means what you think it means. (apologies to Inigo Montoya) LOL Talk about "flipping a switch."
Buy body bags? I don't think the Rock was referring to penny stocks. You can't get blood from a cadaver.
Three shades of MELY - green, red, cyanotic.
MELY's Epitaph
Does anyone know where to send condolences or should a eMemorial be sent? TIA
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10408984
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 13, 2015
Commission File Number: 001-32984
MICROELECTRONICS TECHNOLOGY COMPANY
(Exact name of small business issuer as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
20-2675800
15707 Rockfield Blvd
Irvine, California 92618
(Address of principal executive offices)
(949) 436-9382
(Issuer ’ s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
EXPLANATORY NOTE:
The purpose of this Amendment No. 1 (this “ Amendment ” ) to the Current Report on Form 8-K of Microelectronics Technology Company, a Nevada corporation (the “ Company ” ), regarding the declaration of a preferred stock dividend and filed with the Securities and Exchange Commission on December 17, 2014 (the “ Original Filing ” ) is to disclose the change of the record date regarding that dividend and the anticipated date of the issuance of the shares of the Company ’ s preferred stock as that dividend. For convenience of the reader, this Amendment specifies the Original Filing in its entirety, as amended by this Amendment. Except for the change of the record date and the date
1
of the anticipated issuance of the shares of the Company ’ s preferred stock as that dividend, this Amendment does not amend or otherwise update any other information in the Original Filing. Accordingly, this Amendment should be read in conjunction with the Original Filing.
ITEM 8.01 – Other Information.
The Amendment:
On January 13, 2015, to assure compliance with the provisions of Rule 10b-7 of the Securities Exchange Act of 1934, the Board of Directors of the Company determined that the record date for the preferred stock dividend payable to holders of the Company ’ s common stock be changed from January 16, 2015, to January 31, 2015. Additionally, the anticipated date of distribution of those shares of the Company ’ s preferred stock is February 23, 2015.
Original Filing:
On December 16, 2014, Microelectronics Technology Company (the “ Company ” ) announced that the Company ’ s Board of Directors had declared a preferred stock dividend payable to the holders of its common stock of record on January 16, 2015.Those shares of that preferred stock will be distributed on the following basis: each holder of the Company ’ s common stock shall be issued one (1) share of preferred stock for every five million (5,000,000) shares of the Company ’ s common stock held by that holder on the record date, January 16, 2015. Each share of that preferred stock will be convertible into one hundred thousand (100,000) shares of the Company ’ scommon stock after twelve (12) months of issue.
The anticipated date of issuance of those shares of the Company ’ s preferred stock is February 16, 2015.
Those shares of that preferred stock will have no voting power until converted into shares of the Company ’ s common stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 14, 2015
MICROELECTRONICS TECHNOLOGY COMPANY
By: /s/Brett Everett, Director
MELY metaphor...
Even pigeons won't touch this dead bug as the innocent youngster contemplates a lesson from nature.
https://www.facebook.com/btcpoolparty
MELY
The EDGAR was a 10K filed in Oct 2014 and only has convertible notes through the end of June 2014. You have to go to the 10Q that was filed in Nov 2014 - a month later - that contains the description of the notes issued in July 2014 that are being converted this week
MELY - $110,000/.00006 = 1.8billy+ change comin' at ya
Oh yeah baby, they got that pool testing fired up now..
https://btcpoolparty.com/stats
MELY
Yeah, noticed that too. There was an early 4AM(?) test and there
has been several tests throughout the day... guessin' about 4 maybe 5 more after that. Do you have a count?
MELY
Weeee, giddy-up MELY. Over half-a-billion served up with another half-a-billion+ sitting in the 2s waiting room to be dropped to 1.
Yes, however the tuition costs money.
MELY
Ha ha! Get your MELY Pass Card to the Preferred Share Suite.
MELY
Groundhog Week is here, hehehehe
MELY
Wha's the hold-up VNDM? Get your butt back down on those 1s where you belong, hehehehe
MELY
OH MINE OH MINE
OH MINE OH MINE
Great DD there profit. After perusing a fair number of promissory notes, some have specified language of calendar days and/or business days. For non-specified language it appears that the understanding is to read as generic species of "day/s", the exception being that if the note matures on a non-business day the next business day is when the note becomes due
The EDGAR was from the 10K filed in October and the 10-Q/A was filed a month later which led to another oversight on my part. I honestly missed that detail. Nonetheless it bestows on me the dubious award for the end of this day...
I think I'd rather be in iHub Jail, however under the normal terms and conditions the award expires at the beginning of the next business day hahahaha
MELY
Unlikely, imo
MELY
Ol' Brett & Juan flippin' the on/off switch...
MELY
Never seen that before in a penny, eh?
MELY
Brett had put the investor on notice when the A/S was increased to cover the cost of basically venture capital in a business with a new currency paradigm that is determined to move forward. Virtual currency suffered a setback in its early days with SilkRoad, et al., but has gained much attention and has attracted a growing number of respectable and established companies, corporations, and municipalities. Venture cap is needed and it is the desire of those seeing MELY succeed that Brett and Juan don't pull a Kansas City Shuffle on this --- I think their intention is to become what they have joined together to do --- be a big-time player in the industry.
MELY -- now get those d*#% servers up an' a runnin'
EDGAR FILINGS for MELY
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10247694
But before that MELY's 10Q filed in November lists the terms of conversion and all of them are 180 days where applicable.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10308228
So check the dates of issuance and calculate the 180 days particularly of the LG note in question which is June 12 found at the bottom of the post. I do not come up with January 12 or 15 for any of the notes.
The only note on Jan 15 is KBM Worldwide in italics which was probably converted a while back. Find out on the 15th
http://www.calculatorsoup.com/calculators/time/date-day.php
And now the Edgar movie...
From January 1, 2014 to March 31, 2014, the holders of convertible notes converted a total of $210,990 of
principal and interest into 463,923,400 shares of our common stock at an average price of $0.00043.
On January 31, 2014, the Company executed a Convertible Promissory Note with Coventry Enterprises,
LLC. Under the terms of the note, the Company pays the holder a total of $50,000, which accrues interest at an
annual rate of 6% and has a maturity date of January 31, 2015.
On January 31, 2014, the Company executed a Convertible Promissory Note with Prolific Group, LLC.
Under the terms of the note, the Company pays the holder a total of $25,000, which accrues interest at an annual
rate of 6% and has a maturity date of January 31, 2015.
On January 31, 2014, the Company executed a Convertible Promissory Note with Direct Capital Group,
Inc. Under the terms of the note the Company pays the holder a total of $16,000 which accrues interest at an annual
rate of 8% and has a maturity date of August 1, 2014.
On February 26, 2014, the Company executed a Convertible Promissory Note with LG Capital Funding,
LLC. Under the terms of the note, the Company pays the holder a total of $30,000, which accrues interest at an
annual rate of 8% and has a maturity date of February 26, 2015.
On February 26, 2014, the Company executed a Convertible Promissory Note with LG Capital Funding,
LLC. Under the terms of the note, the Company pays the holder a total of $60,000, which accrues interest at an
annual rate of 8% and has a maturity date of February 26, 2015.
On February 28, 2014, the Company executed a Convertible Promissory Note with Direct Capital Group,
Inc. Under the terms of the note the Company pays the holder a total of $16,000 which accrues interest at an annual
rate of 8% and has a maturity date of September 1, 2014.
On March 31, 2014, the Company executed a Convertible Promissory Note with Direct Capital Group, Inc.
Under the terms of the note the Company pays the holder a total of $16,000 which accrues interest at an annual rate
of 8% and has a maturity date of October 1, 2014.
From April 1, 2014 to June 30, 2014, the holder of a convertible note converted a total of $120,859 of
principal and interest into 399,348,976 shares of our common stock.
On April 1, 2014, the Company executed a Convertible Promissory Note with New Venture Attorneys PC.
Under the terms of the note, the Company pays the holder a total of $50,000, which accrues interest at an annual
rate of 8% and has a maturity date of April 1, 2015.
On April 11, 2014, the Company executed a Convertible Promissory Note with KBM Worldwide, Inc.
Under the terms of the note, the Company pays the holder a total of $37,500, which accrues interest at an annual
rate of 8% and has a maturity date of January 15, 2015.
On April 16, 2014, the Company executed a Convertible Promissory Note with JMJ Financial. Under the
terms of the note, the Company pays the holder a total of $83,250, which accrues interest at a one-time rate of 12%
and has a maturity date of April 16, 2015.
On April 30, 2014, the Company executed a Convertible Promissory Note with Direct Capital Group, Inc.
Under the terms of the note the Company pays the holder a total of $48,000 which accrues interest at an annual rate
of 8% and has a maturity date of November 1, 2014.
On May 5, 2014, the Company executed a Convertible Promissory Note with Classic Capital Inc. Under
the terms of the note, the Company pays the holder a total of $150,000, which accrues interest at an annual rate of
8% and has a maturity date of May 5, 2015.
On May 19, 2014, the Company executed a Convertible Promissory Note with Adar Bays, LLC. Under the
terms of the note, the Company pays the holder a total of $50,000, which accrues interest at an annual rate of 8%
and has a maturity date of May 19, 2015.
On May 27, 2014, the Company executed a Convertible Promissory Note with Adar Bays, LLC. Under the
terms of the note, the Company pays the holder a total of $150,000, which accrues interest at an annual rate of 8%
and has a maturity date of May 27, 2015.
On May 27, 2014, the Company executed a Convertible Promissory Note with Union Capital, LLC. Under
the terms of the note, the Company pays the holder a total of $48,516, which accrues interest at an annual rate of 8%
and has a maturity date of May 27, 2015.
On May 27, 2014, the Company executed a Convertible Promissory Note with Union Capital, LLC. Under
the terms of the note, the Company pays the holder a total of $97,000, which accrues interest at an annual rate of 8%
and has a maturity date of May 27, 2015.
On May 27, 2014, the Company executed a Convertible Promissory Note with Gel Properties, LLC. Under
the terms of the note, the Company pays the holder a total of $75,000, which accrues interest at an annual rate of 8%
and has a maturity date of May 27, 2015.
On June 1, 2014, the Company executed an Unsecured Promissory Note with Direct Capital Group, Inc.
Under the terms of the note the Company pays the holder a total of $71,237 which accrues interest at an annual rate
of 8% and is due on demand.
On June 12, 2014, the Company executed a Convertible Promissory Note with LG Capital Funding, LLC.
Under the terms of the note, the Company pays the holder a total of $32,000, which accrues interest at an annual
rate of 8% and has a maturity date of June 12, 2015.
On June 12, 2014, the Company executed a Convertible Promissory Note with LG Capital Funding, LLC.
Under the terms of the note, the Company pays the holder a total of $40,000, which accrues interest at an annual
rate of 8% and has a maturity date of June 12, 2015.
On June 30, 2014, the Company executed a Convertible Promissory Note with Classic Capital Inc. Under
the terms of the note, the Company pays the holder a total of $50,000, which accrues interest at an annual rate of 8%
and has a maturity date of June 30, 2015.
MELY
Thanks for that Profit.
MELY
Ha ha... check out the 10,000 @ 2s. I hope that is a partial fill locking in a big buy or somebody really took a $2 risk LOL
MELY
May be. That is a big dumpage...
MELY
That date seems to be right. 180 business days minus Saturdays and holidays puts the conversion at/around Jan 1 (which is a holiday). So the note has probably already been converted - and probably the one you mentioned in your other post has been converted (not Jan 12 imo).
MELY
I not be liken it... no buying pressure today after the soft-on inducing FB notice.
MELY
Aside from the opening bell flurry of 2s, not much after that and there are divvy size 1s buys being filled
MELY
Pulled the trigger a little too soon on that there. No 2s buying pressure, 1s are going to go - might as well eat 'em up
MELY