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Thank you much appreciated
Sello no one wants you to be more right then me, yes if this Merger/Acquisition goes through and the day traders have a field day say raising the price, I will make this promise Sello, if you start a religion afterwards I promise I will put a towel over my head and be your first follower.
Sello no one wants you to be more right then me, yes if this Merger/Acquisition goes through and the day traders have a field day say raising the price, I will make this promise Sello, if you start a religion afterwards I promise I will put a towel over my head and be your first follower.
Great, but why where they're filing a request to extend time on March 15, 2021? Thanks for your research, I just want to know why the 15th filing.
I put in a call to the SEC to find out if there was a 10Q filed on 3/22/2021 to be quite frank I do not see but if there is great. As soon as I hear from them, I will put it up on the board. Thank youfor your posts.
The docuement that was filed 3/15/2021 was an extension to file the 10Q late. Do you have a copy of the 10Q filed 3/22/.2021? I would like to see it.
Sello please respond if you have the information.
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
March 15 2021 - 05:13PM
Edgar (US Regulatory)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number: 333-195306
Notification of Late Filing
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: January 31, 2021
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
Part I - Registrant Information
Cannagistics Inc.
Full Name of Registrant
Not Applicable
Former Name if Applicable
2110 5th Avenue
Address of Principal Executive Office (Street and Number)
Ronkonkoma, NY 11779
City, State and Zip Code
Part II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-(b), the following should be completed. (Check box, if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N- SAR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
Part III - Narrative
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof could not be file within the prescribed period.
The Company was unable to compile the necessary financial information required to prepare a complete filing. Thus, the Company would be unable to file the periodic report in a timely manner without unreasonable effort or expense. The Company expects to file within the extension period.
Part IV - Other Information
(1) Name and telephone number of person to contract in regard to this notification.
Rob Gietl (631) 676-7230
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
2
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
As a result of the acquisition of KRG Logistics, Inc., the Company has significantly expanded its operations. The Company is unable to quantity a reasonable estimate of the significant change in results from these operations in the current period from the previous period during the last fiscal year.
Cannagistics Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 15, 2021 By: Rob Gietl
Rob Gietl
Its: Chief Executive Officer
3
Latest CNGT Messages
Fitman10 Mon Jun 7, 2021 11:17 AM (1 hours ago) I'm glad Sello got everyone straightened out again!
Kramrer Mon Jun 7, 2021 10:44 AM (2 hours ago) The quarter ends in April not March. CNGT
Pennystocktrader Mon Jun 7, 2021 10:36 AM (2 hours ago) Thank you sello for clarifying! $CNGT
K
They filed in March and extension to file the quarterly. It has not been filed as of yet.
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
March 15 2021 - 05:13PM
Edgar (US Regulatory)
They have already filed a 10Q on time?
Calling is a good idea but I feel they are going to say look at the filings.
If one of the reasons for a late 10Q filing is really mergers and acquisitions, then the failure to file is good news.
Failure to Meet Form 10-Q Filing Deadline
When a company fails to file a 10-Q by the filing deadline, it must use a non-timely (NT) filing. An NT filing must explain why the deadline has not been achieved, and it gives the company an additional five days to file. Companies are required to submit an NT 10-Q to request the extension and explain the delay.
As long as a company has a reasonable explanation, the SEC allows late filings within a specified time period. Common reasons why companies are not able to file on time include mergers and acquisitions (M&A), corporate litigation, an ongoing review by corporate auditors, or lingering effects from a bankruptcy.
Thanks, have a nice Sunday eveing.
Do you know of a site dedicated to otc news and you can get quotes?
Do you know of a site dedicated to otc news and you can get quotes?
Thanks for your analysis.
What is HDD mean?
Logic, Business and common sense says this is a great deal, lets hope people putting the deal together don't get in the way.
Is there a 8k coming out on this next week?
That I agree with but cannot get married to a stock especially Cngt. If they are too dumb to go through with the deal it sounds likethe Harvard Review people over logic and good business sense.
So you believe CNGT will be worth something if the deal does not go through?
Why?
When ever a stock goes down all I hear on the OTC boards, it's the MMS, its some group trying to hold it down. Sorry, the first Merger failed, the second attempt is way past the initial deadlines, no it is the news and price action on the stock. We need good news bottom line.
Call the Clerk of Court, give the case number and ask if the meditation is over. The best people would be the lawyers of course, but they will probably not say anything.,
According to Harvard Business Review (registration required), between 70% and 90% of mergers and acquisitions fail. It’s a shocking number, and the one thing all have in common is people. Mergers and acquisitions fail more often than not because key people leave, teams don’t get along or demotivation sets into the company being acquired.
Thank you.
Until we see a Merger, or Acquisition the IDIOTS have not been determined yet!!!
I am not shocked. Sanguine is going for a better deal. If the suit can affect the merger, they are in a good position to get a better settlement. Just my opinion, I have no special knowledge of what is going on.
Does the 8k come out next week? Correct me if I am wrong.
Thank you
Thank you
Finally, this is a major merger in OTC land. A real company is buying another company with real potential. I feel Recommerce should go through with the merger. The value it will bring would help regardless of the lawsuit. The increased value from the stock would make it well worth and position Recommerce to get a heads-up now that the country is getting out of its COVID-19 era. I, no doubt, see a lot of hope and a great chance to make money.
I just talked to the Sec however, they do not give any advice, yes I can file a complaint the Sec will look at it. I will see what happens next week. If in fact there has been all these steps to reorganize, this investment could be solid enough to take a chance. Plus, the parties can settle at any time. Next week will tell a lot. If there is a merger no doubt were looking for a big winner. This is not the usual OTC merger where the takeover company does not have the type of money Recommence has. Therefore, it is more complex.
I agree. The lawsuit maybe interfering with financing.
You sure the blow hard isn't CNGT.
Why the delay in the merger? That is the issue. Is there still a merger agreement? Game time is over.
I just called the SEC and left my name, phone number, and the stock involved. If I get a call back, I will let everyone know what is happening. I feel we need an update. One of the advantages for the merging company is the uptick in stock. They should not be able to benefit and not even tell me if the merger is still in force.
I called Cngt and was told just look at the public filings. Not good enough for me. If the merger is still on, we should be told. That is material fact in our investing, and it was put out to the public. People are buying and selling stock on the basis of this proposed merger. This is just my opinion but if I do not hear anything by next week, I will call the Sec and file a compliant, if I am under SEC rules, allowed to do so.
I am not a contract lawyer I have no idea, but I am suspicious as to why the merger has not occurred. Hopefully my suspicions are for naught.
Honestly I do not know, I am not licensed in New York, however I just hope this does not interfere with the Merger. Remember the first Merger attempt did not go through. Let's hope we do get some merger news. It could be a good sign in that Recommence is not willing to cave and take the risk, or bad news the Sanguine was compensation Recommence cannot pay. This is all speculative. I would have preferred to see a settlement. If the merger is going to go through, there should be no more delays. Recommerce has already gone beyond the time they stated the Merger would occur. I am speaking here mainly as an investor, not a lawyer. I hope we see the merger.
If the case is unsettled at this point, what does it mean for the Merger?