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Could be wrong, but I don't believe that companies are allowed to sell shares directly into the open market.
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They still need funds for operations (salaries, etc.), no? CIT only funds PO’s.
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$0.00025 comes from here...
https://www.sec.gov/Archives/edgar/data/841533/000119983523000080/form1a.htm
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That 1-A is still open so the shares were probably sold for .00025. A great deal for the buyer (aka seller) and the company gets some much needed cash.
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Where do I sign?
They've also put it out for broader distrbution than just OTC Markets so should get to many more eyes than the latest PRs.
https://www.einnews.com/pr_news/646208335/srmx-s-tri-cascade-inc-announces-the-closing-of-a-major-sale-of-its-vos-5g-dongle-with-newegg-commerce
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Tri Cascade Inc. Announces the Closing of a Major Sale of its VOS 5G Dongle with Newegg Commerce
Irvine, California, July 25, 2023 — Tri Cascade Inc., a subsidiary of Saddle Ranch Media, Inc. (OTC MKTS symbol “SRMX”), today announced that, following the news release of June 29, 2023 whereby Tri Cascade had successfully registered and had been accepted by Newegg for the sales roll out of the VOS 5G Dongle, Tri Cascade has now secured a major sale of 1,930 VOS 5G Dongle units with Newegg, which will be shipped out from Tri Cascade’s warehouse facility to Newegg next week. This bulk sale has a gross value of approximately $472,000.
Max Li, Tri Cascade’s CEO commented “We are thrilled to partner with Newegg on this first of many to come bulk sale rollouts of our highly anticipated VOS 5G Dongle. This vital accessory has proven to be in high demand. We can support up to 25,000 units sales at this point, with many more presently in production. Our revenue numbers for third and fourth quarter 2023 are expected to go through the roof!”
https://www.otcmarkets.com/otcapi/company/dns/news/document/68279/content
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Cool! Thanks, Eli.
That same “During 2021…” section was still included in the last quarterly.
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Ah, OK. Not surprising.
They had no problem mentioning it in paragraph 8.
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Well, then, it is the company doing "word gymnastics" and not me...
13. ERHC is currently in discussions with the relevant authorities of the Government of Sao
Tome & Principe with a view to monetizing EEZ Block 4 so that ERHC can, inter alia,
resume funding the substantial professional advisory and external accounting work
required to produce the significant portions of the quarterly and other periodic reports.
See, no mention of anything having to do with the sealing order in order to start filing again.
https://www.sec.gov/litigation/apdocuments/3-19419-event-4.pdf
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You made the claim that I implied in my post that I don’t like arguing. It’s up to you to prove your argument.
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Yes you can!
Bring it on, bboll…
Where did I say, or even imply that I don’t like arguing?
Got no problem with free speech and don’t think I said so.
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No, I did not.
In their response to the SEC, ERHC said they would be able to resume filing again upon monetizing Block 4. Now, had they said it would take monetizing Block 4 and the lifting of the sealing order, then I might agree with you but, they did not.
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Sorry, not my intention to draw any blood as my post was not meant to be an endorsement or condemnation of any side. Rather it was just a little venting on my part at how the new rules have allowed the board to become a cesspool of petty bickering and name calling or, at least, more of a cesspool than it was before.
I’m old school, so appreciate those posters who manage to present their arguments with civility and decorum.
OK, off my soapbox. Carry on.
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Because, as they said, they’ve got no money and can’t afford it until they monetize one of their properties. That’s “properties” including the JDZ and EEZ.
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The new iHub rules are certainly separating the adults from the children.
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I think all they would need to do is get current with their SEC filings, perhaps with a Super 10-K.
https://bradshawlawgroup.com/curing-delinquent-securities-filings-super-10-k/#:~:text=As%20many%20commentators%20have%20noted,K's%20and%20actually%20become%20current.
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Common language in the industry. First they explore for oil/gas and if they find enough they produce.
Good morning, Krom.
The indirect reference is in paragraph 2 of the 8-K...
Unfortunately, SEO's lifetime is not the only clock that is ticking away here. Based on what we know, ERHC will lose its rights to any block not in production 14 months and 10 days from now.
It's getting too close for comfort.
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Well, I guess it doesn't really matter whether Offor is the official CoB or not, as I think most of us here would agree that Offor pulls the strings for ERHC either way.
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IMO, the writer should not have gone the blockchain/crypto route at the end. This is something the company has never associated themselves with and turned it from what I felt was a reasonably optimistic article to a pump piece.
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OK. Is there something that makes you say this other than it is what you were told at the conference?
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Good morning, Krom. Would you happen to have a link to back up this statement?
Strange. Don’t retailers typically give a discount for using autopay?
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It’s on sale at the Tri Cascade website. So, apparently, they are only unavailable on Amazon because, again, the Amazon site is not officially launched, yet.
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Probably says “Currently unavailable” because the page isn’t actually “live” yet. But if you do want one now you can get it for $100 off during the Fourth of July sale.
https://www.tricascadeinc.com/
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It was a fluke, really. I typically use Google but happened to be on Yahoo earlier so typed in, vos 5G, and that showed up as about the fourth or fifth result. Can’t get Google to find it at all.
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Well, their Amazon site does appear to be in work.
https://www.amazon.com/Vos-RDGL5GX55-B-01-VOS-5G-Dongle/dp/B0C66KHZLP
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Looks like he landed on his feet OK.
Laid off, I believe. I think he got caught up in this, unfortunately.
https://www.timesnownews.com/jobs/my-whole-team-got-fired-shares-senior-manager-after-microsoft-layoffs-hit-supply-chain-ai-and-iot-workers-article-98561076/amp
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Yes. That’s why it was easy to find him.
Meet Miguel...
https://www.linkedin.com/in/moralesamiguel/
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The 8K says that other companies with assets in the GoG have approached them to potentially become partners. It says nothing about ERHC actually taking a stake in any new assets.
About the only thing I see that qualifies as "news" in the 8K is that the mysterious Linda Uwams has updated her title from "Counsel" to "Country Manager/Counsel".
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I put it down more to incompetence in how to run a publicly traded company.
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