To the max: reverse split 20 t0 1.
We had hoped for better than 1 penny, but nothing with this company ever works out.
Soon to be 1 penny once again.

So what sounds so interesting?
Are we to bite/
I'm biting!

It has been ages since I looked at their web site, where I noticed that something called :The cordyceps business has the most potential for TAKD.
Found the following about the above:

Cordyceps
From Wikipedia, the free encyclopedia
Cordyceps
2010-08-06 Cordyceps militaris 1.jpg
Cordyceps militaris
Scientific classification
Kingdom: Fungi
Division: Ascomycota
Class: Sordariomycetes
Order: Hypocreales
Family: Cordycipitaceae
Genus: Cordyceps
Fr. (1818)
Type species
Cordyceps militaris
(L.) Fr. (1818)
Species

about 400

Cordyceps /'k??rd?s?ps/ is a genus of ascomycete fungi (sac fungi) that includes about 400 species. All Cordyceps species are endoparasitoids, parasitic mainly on insects and other arthropods (they are thus entomopathogenic fungi); a few are parasitic on other fungi. Until recently, the best known species of the genus was Cordyceps sinensis,[1] first recorded as yartsa gunbu in Nyamnyi Dorje's 15th century Tibetan text An ocean of Aphrodisiacal Qualities.[2] In 2007, nuclear DNA sampling revealed this species to be unrelated to most of the rest of the genus' members; as a result it was renamed Ophiocordyceps sinensis and placed in a new family, the Ophiocordycipitaceae.

The generic name Cordyceps is derived from the Greek word kordyle, meaning "club", and the Latin stem -ceps, meaning "head". Several species of Cordyceps are considered to be medicinal mushrooms in classical Asian pharmacologies, such as that of traditional Chinese[3][4] and Tibetan medicines.

Big promo starting tomorrow.

If Ho can't do better than Wu, the luckiest shareholders of TAKD will be those from Canada, because this thing will be worthless anyway.

I hope they do a name change when they do the roll back.

I guess we've always known this day would come; at the worst time considering the stock price.
They have given themselves a year to implement this reverse split. Maybe they have something up their sleeves that in the next yr. would move this stock up prior to doing the split. Hope springs eternal.

Not sure what the business of TAKD is, but it sounds much like what Vegfab was supposed to do. Once again they grow very expensive veggies in Asia.

From the 10-q:

Our plan of operations for fiscal 2015 includes the following budgeted expenditures:
12 Month Capital Requirements Forecast USD4
Beginning January 1, 2015
Capital required for expansion plans1 $300,000
Salaries $270,000
Rent2 $70,000
Utilities3 $120,000
Accounting and Legal Expenses $120,000
Public company reporting costs $17,500
Selling, general and administrative expense $100,000
Contingency $100,000
Total $1,097,500

1.

Capital for plan to open 1 small vegetable factory for demonstration purpose, further research and development expenses.
2.

Rent expense includes minimum lease payments due during 2015 for current plant factory.
3.

Utilities expense for current plant factory will be approximately $10,000 per month.
4.

Based on 2014 average exchange rate of $0.03300.

10-q out.

I guess we will have to wait for the quarterly report around mid Nov. to see what might be going on.

Guardian, you are nailing it.

Technopoly, if I recall,Christian was going to join up with Wu on new adventures.
The blind leading the blind!
Not sure if the Calgary phone is still active;I kind of doubt it.

I stand to be corrected!

What looked like a web-site that died when I hit the SEND button was misleading.
Here is a reply from the CFO, Dickson Yam.
Guardian, you may be correct in saying that Transakt has a better chance now of surviving. If I could, I would buy at these levels

Thank you for your email. We just took over the management team from
the old board of director of the TAKD for less than six months. Due to
the improper management by the previous board, our company suffered a
great deal of losses.
Now we are taking different steps to save our company. Firstly, we
need to clear up
all the improper asssts and liabilities as wellas the doubtful
accounts; second, we
will restructure our company's capital; then, we will inject some
profitable business to the company. We hope shareholders can give us
two-three years time. We could give TAKD a life.

Thank you & best regards.

CFO
Dickson Yam

So I thought, why not give it a try. Email Ho and see what happens.
After drafting some clever questions reguarding Canadians being held hostage by the ASC and suggesting a name change, I went to send it. The "contact" page went opaque, like it had just died.
Pretty much like this company, it too has pretty much died this past week.

Technopoly, maybe its time for Canadian investors in TAKD to contact the company through their website, to see if there are plans to address the CTO or to see if they plan on a name change. Couldn't hurt.

From the latest quarterlies:

Through June 30, 2015, the Company has not realized commercial success of the technologies, nor have they raised sufficient funds to continue research and development or to market its products.

Unless someone is worried what might be in the quarterly which is due about now?

Heh, what the heck. We're still over a penny!

The question I'm sure on the mind of most shareholders with last weeks 700,000 share trade, is this a one off or does someone know something?

New Transakt contact phone and address; now Hong Kong.
Calgary no longer in the picture; Canadians getting further pushed out of this company. The ASC should be proud.

Nothing else can go wrong, because it has already gone wrong.
Wu blew up the cash, now by shutting the Taiwan factory, there is no possibility of generating income. I guess that means no sales of orchids ( re; earlier PR)
If Ho is going to hire 30 engineers to create new products, hopefully they plan to work for peanuts (organic).

Good move. I'll join ya.

Here we go again.

Notification That Annual Report Will Be Submitted Late (nt 10-k)
Date : 03/31/2015 @ 2:11PM
Source : Edgar (US Regulatory)
Stock : Transakt Ltd. (QB) (TAKD)
Quote : 0.05 0.0 (0.00%) @ 7:33AM

Notification That Annual Report Will Be Submitted Late (nt 10-k)
Print
Alert



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check one):





SEC FILE NUMBER
000-50392



[ x ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR

For Period Ended: December 31, 2014
[ ] 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

TRANSAKT LTD.
Full Name of Registrant

Not Applicable
Former Name if Applicable

No. 3, Lane 141, Sec. 3 Beishen Rd.
Address of Principal Executive Office (Street and Number)

Shengkeng Township, Taipei County 222, Taiwan (R.O.C.)
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-25(b), the following should be completed. (Check box if appropriate)
x (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense

(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report on Form 10-D, 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 why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant is unable to file, without unreasonable effort and expense, its Form 10-K Annual Report for the period ended December 31, 2014 because the Registrant's auditor has not completed their review of the annual consolidated financial statements. It is anticipated that the Form 10-K Annual Report, along with the annual consolidated financial statements, will be filed on or before the 15th calendar day following the prescribed due date of the Registrant's Form 10-K.

PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification

James Wu 886 2-26624343
(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 answer is no, identify report(s).
[ x ] Yes [ ] No

(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 ?
[ ] Yes [ x ] 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.

TRANSAKT LTD.
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 31, 2015 By: /s/ Ho Kang-Wing
Ho Kang-Wing
Title: Chairman, Chief Executive Officer, President and Director

Many months ago, the thought was to do 10 or 15 times roll back. But only when the stock price was higher and with supporting good news.
I have no idea what the recent intentions are.

Ho, Ho, Ho.
May the investment gods be with our new CEO and may the CTO be damned to oblivion.
(Right after we begin trading on the Nasdaq.)

I've heard nothing about the CTO. At this point, who cares;
no value here anyway.
Their quarterly is late. Also doesn't bode well?

I'm the only basher here eyeshuldasold, and I haven't gone away yet. Maybe this is the month (quarterly report) that we get a report that will accomplish all that has been predicted.
I can be easily transformed into a company pumper.

Maybe the 10q in mid Feb. for the fourth quarter will show an increase in sales in both Taiwan and China. If something doesn't get started soon, I doubt we will ever see the optimism expressed by some here.

Takd states in their discussions that they manufacture,"hydrophonic and LED based agriculture equipment for commercial and home use".

Has anyone been privy to just what this might consist of. What is it that makes them unique and would make someone wanting to have safe food at home to buy this product? Or a poor peasant who cannot afford to buy food at a food outlet.

What might this item cost at WalMart or Home Depot?

I have never heard any discussion about what it is that Transakt actually intends to sell.

I would love to order one of these items online one day!

The asking price is at $.05 and no one is buying. I guess that would indicate the interest in this company. I don't know if market makers are responsible here.

Looks like another investor is throwing in the towel.
Maybe its the .o8 buyer that bought the $40,000 worth some months ago.

10q is out.
Same old stuff; Taiwan still losing money big time; nothing about China factory except that they need 10 million dollars to continue the building program for the next yr.
This sick puppy could use a dose of all that optimism we have been getting lately.

The Transakt party which was to get going in July, then August, then Sept, then Oct, then...could it possibly be Nov??

My point, right now I will gladly take ONE Chinese completed warehouse!

100's ??

I like very much what you are hearing. However,if as you say, the Chinese gov't is involved, why wouldn't those in the know, not be picking up cheap shares? Maybe insider buying is not allowed there?
It certainly would seem like an opportunity of a bureaucrats lifetime.
The wheels of government grind slowly; even in china.

Long term, this can be considered very positive news (positive earnings probably end of 2015). Until we hear what is going on in China, re: new facilities,etc.,I suspect this SP will stay where it is.

I agree Extreme22. We can only look at these baby steps from the outside. This must make all other investors chuckle some as this makes there stock more valuable at our expence.
It would be interesting to know just how much stock is held by Canadians. I'll bet it is substantial as this started out as a Canadian company.

This company has to trade several million shares per day for any indication that something exciting is in the works. With 613 million shares outstanding, even that is a paltry amount.

Earlier this year, the Calgary office indicated to me there would be some significant company building news that would show strong growth for the company. I gleamed from that conversation that it would have been put out there by now.
So it sounds like others might be saying something similar.