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It is my understanding you can Not back date a RS action. As written in this case.. filed 7-15 then write "as at" 7-7 and then signed for action on 7-17.
People are saying, Monday it will be effective.. it may but TRDX should already have the D placed and shares adjusted.imo
If it goes 200/1 that's a share structure with the new Float at 2 million. Is that low?
Also, interesting that "if" it does happen they just RS on a ton of their own shares.. however. They can just issue more to themselves later.. so it really does seem like it was the highest agreed upon RS they were willing to do with Jan Stahls Shares, being drastically reduced, and wiping out all the old shareholders as I'm sure the long wait was Lazar selling his out. for a clean slate for them . All they have to do is reissue shares to themselves later. What happens when nothing happens Monday..
I just don't see how Finra could even accept this document. It has the wrong date, the wrong verbage, and most likely the wrong structure.
Not to say that TRDX could not refile it again with corrections, but to me this one is garbage. And any attorney would eat it up.imo
Of which goes along with the rule, you "Have to be current to RS. As far as I know...maybe some one else knows.?
If you notice.. since TRDX "is" a pink current .. I believe they are required to file an 8k "BEFORE" announcing a material event.. a RS is definitely that. If you notice, and look at other companies, they file an 8k to announce.. but they usually put it out a month or two before hand.. with the companies intention.
However if they have made a merger. This is all filed quickly and the RS is quicker .. a few days like shown on nvsos.. however I do believe they "MUST" still file an 8k. If you are current. And they are as of last checking. Imo
They are not allowed to file an 8k after-hours, and just boom on Monday it's split with zero trading hours in-between it's called entrapment. as for my knowledge..
That's what I'm saying this was Not done by a lawyer in anyway.period.imo
that's a bit wrong.. it would have to be effective "by" 9am.. that's how it is written.. today..7-17-20 AT 9AM!!! because!! it is stating that the effective date was back at 7-7-20!!!
it would NOT wait to be effective Monday.
that's what is wrong with how this is written!IMO
one thing is for 100% sure is if after 9am pacific coast time... no "D" appears it does not matter if this was a real attempt that was rejected or a fake or whatever.. it is a failed document and is as good as dust..zero credence for the ink it was wasted.
Just pointing out, it is NOT written in a normal way.
very often as the RS is noted.. the AS is also decreased in some degree. not always. its the time and wording that are not correct to me. but ???
I think people are forgetting you don't just file on NVsos.. and everyone else picks it up and proceeds forward from there.. a lot of filings happen to make it all work.
my quess is its fake.. if otcmarkets does Not have a D on it as of now.
it is very fishy!imo
it usually happens at midnight. or before opening bell of the desired day.
Also they generally do NOT do a 9AM .. the firms Etrade and such would have to put a D at the end of trdx "TRDXD" in the middle of a trading session...??? not saying it has not happened but .. it would be on your trading platform right now. or latest 9AM pacific.. but I think if they state the time it is East coast.. only if they do not, it is midnight pacific.. which gives everyone time to make the changes before opening bell. ie otc,finra,sec, all MMs..such.Imo
correct, depends actually.. could be written two different ways on that.
It should read as of..not as at.. that would be hard for a lawyer to screw up and the proof reader.. but??? it is 9AM east coast time. now.
well from a lawyers prospective.. this is wrong..
1.) the share structure stays the same from before and after.. lol so that's wrong. both say 2bil the after should be adjusted to 100mil
2.) the date says "as at" 7-7-2020 it should say "as of"
Hard for me to believe that this is real.imo
What's the exercise time on it?
NRS 78.209 Change in number of authorized shares of class or series: Filing and effectiveness of certificate of change; amendment of articles of incorporation.
1. A change pursuant to NRS 78.207 is not effective until after the filing in the Office of the Secretary of State of a certificate, signed by an officer of the corporation, setting forth:
(a) The number of authorized shares and the par value, if any, of each affected class or, if applicable, each affected series of shares before the change;
(b) The number of authorized shares and the par value, if any, of each affected class or, if applicable, each affected series of shares after the change;
(c) The number of shares of each affected class or, if applicable, each affected series to be issued after the change in exchange for each issued share of the same class or series;
(d) The provisions, if any, for the issuance of fractional shares, or for the payment of money or the issuance of scrip to stockholders otherwise entitled to a fraction of a share and the percentage of outstanding shares affected thereby; and
(e) That any required approval of the stockholders has been obtained.
Ê The provisions in the articles of incorporation of the corporation regarding the authorized number and par value, if any, of the changed class or, if applicable, the changed series of shares shall be deemed amended as provided in the certificate at the effective date and time of the change.
2. Unless an increase or decrease of the number of authorized shares pursuant to NRS 78.207 is accomplished by an action that otherwise requires an amendment to the articles of incorporation of the corporation, such an amendment is not required by that section.
3. A certificate filed pursuant to subsection 1 is effective at the time of the filing of the certificate with the Secretary of State or upon a later date and time as specified in the certificate, which date must not be more than 90 days after the date on which the certificate is filed. If a certificate filed pursuant to subsection 1 specifies a later effective date but does not specify an effective time, the certificate is effective at 12:01 a.m. in the Pacific time zone on the specified later date.
4. If a certificate filed pursuant to subsection 1 specifies a later effective date, the board of directors may terminate the effectiveness of the certificate by resolution and a certificate of termination must:
(a) Be filed with the Secretary of State before the effective date specified in the certificate filed pursuant to subsection 1;
(b) Identify the certificate being terminated;
(c) State that the effectiveness of the certificate has been terminated;
(d) Be signed by an officer of the corporation; and
(e) Be accompanied by the fee required pursuant to NRS 78.765.
5. When any certificate filed pursuant to subsection 1 becomes effective, it shall have the effect of amending the articles of incorporation, but NRS 78.380, 78.385 and 78.390 do not apply to a certificate of change filed pursuant to this section.
(Added to NRS by 1997, 694; A 2001, 1365, 3199; 2005, 2179; 2011, 2773; 2015, 3225)
If noone sees a time of execute on the filing. It will not happen today. As it would have been happened already. Per letter of law.
"If a certificate filed pursuant to subsection 1 specifies a later effective date but does not specify an effective time, the certificate is effective at 12:01 a.m. in the Pacific time zone on the specified later date."
So the way I read this.. it was some sort of Preferred shares restructuring, or something else?.imo
What was the increase in the AS to?
We can make China great again! Campaign
You would need $1.60 to be at the same level as the recent high of .008
Don't see that happening. Even if they threw the whole kitankbuudle in this shell...
Booosack ed for sure!
The filing..you know the sec filing.
Wow.. didn't see that coming ...
Read the tape at the end of the day.. who was right?.. Me, that's who. 86.5mil sells over 71 mil buys plus 6.7mil probably dilution/unaccounted for.
Equals 20 million Sold.. on a 16% up day..lol that right there should tell even a rookie trader what's up in here.glta.
You need Buyers.. this is all selling. Selling into bid .. selling into ask.. selling anywhere..under., over just plain selling everywhere.lol
Yup with the fake support.. it's going to crash hard .. these guys are classic old school pumps.. they need to up their game.. just a share selling machine.
Looks like huge pump and dump to me.. no volume.. and all selling into anything they can make profit on the front load ..which was huge when they loaded in the .0005 range.. 4x the money all day profit sitting here..not a bad days work on this scam. Pick a company..any company to merge with..lol they own them all anyway..to funny.imo
Might not be sleeping much longer.
The filings are always from past months..they will be nothing again.. I would say your only hope is news.. and they did do a couple little things through OTC markets.. but in reality. You will see news or a filing in the S1,8k, or N type before anything on a Q report..imo
Lol they couldn't jump on a hot tick in the Red light District!.. they went current to fall on their face I guess .. crazy.imo
Only good thing is I held for so long I'll get a better tax break...if it ever does anything besides pissing on itself here and there.
Was that the Hedge fund poking around on L2... Could be some buying coming.
Company is too dumb to even capitalize on any momentum.. even if it's hype. wait another 9 months..lol
40mil dilution.. every day, husband and wife.. tag teaming the scam.. RS every 3-6 months.. stay Clear.. known Scammers here!
As soon as CT group is done filtering out ..then it will be back on track. Should see green close tommorow.imo
Well I guess it shows how fast it will run if and when anything tangible happens here.imo
Big find I see...
So,. Why are we going up? Did I miss news or something?
looks the con-man was up to his old tricks.. and trashed this stock on the way out.imo
Management team focused on completing V2 testing and achieving commercial ready status for the next generation platform – cutover and product platform targeted for August announcement
Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Q1/2020 10Q filed on July 6, 2020. Recognized revenues of $111,799 at 40% GP, Operating Expenses of $166,172 and Operating Loss of $122,322 lowest in the history of the company. Cash burn for Q1/2020 was $191,250 lowest in the history of the company. Company’s quartile break-even mark is now set at $300K at 40% GP. Company signs Sales and Marketing Agreement with Michigan Credit Union League Service Corporation for the marketing of CU TRAK within the State of Michigan. Company launched first webinar product introduction to 37 Credit Unions within the first week of signing Assessing New Castle County, Albany County, New York, and Leehigh County for possible trial sites for Medallion GPS PRO Company has update product offerings on T-Mobile/Sprint IoT Factory for postmerger launch with combined sales force
Management team has been successful in securing SBA loans and additional financing from existing funding sources. Moving toward equity-based financing with less dilution and greater management control on timing for conversions if any.
• Launch plan with video tutorials ready to be released to the County Executives of America – completed
• Updating all three IGEN brands for Sprint/TMoble IoT Factory Platform
• Preparing Next Generation Platform – V2 for August launch
That's what Pink, CJ, and many others are trying to get the word out. Some great DD out there to read.imo
Might want to read this where it says Preparing Next Generation Platform, August Release!!!! With T mobile and Sprint.
Also where it says SBA loans instead of toxic lending, sounds like Chan is done with bad notes!
Also the parts where it says a couple times. This is the BEST in the companies history!
IGEN headed to $$$ Dollars $$$ with NEW V2 Platform coming in August!!imo
https://webfiles.thecse.com/CSE_Monthly_Report_for_June_2020.pdf?ENoimOPG_Ury5mbYtWme2SqrvSPFP6TW
A little movement... Y'all loaded up I guess.. cause I don't see anything posted.