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TEXT MESSAGE FROM CEO SCHAEFER
This is the text message I received from CEO Bill Schaefer on August 21, 2017
He was very informative, as far as stating the number of BitCoin in the co's present holdings. I took a photo of my phone because I don't know how to do a screen shot off of the LG model I have. It doesn't have buttons on the side and no options to do it so I took a photo
We were going back and forth and he called me the following morning but I missed his call.
I located the contact email address to contact the company, as I cant call the number listed on their website
Let's email them and see whats going on
info@12retech.com
You bought so high yet are talking very negatively about RETC here when it fell from $1 to .04/share?
Will you be more positive with your posts when you re-buy the shares back tomorrow at .12 - .15 ?
From what I'm reading on Twitter, traders like Tim Grittani and Tim Sykes were short the stock in the $2's and covered in the mid $1 area. They missed the entire plunge to .04/.05 and I bet they have this one on radar as a major bounce play.
Stocks don't just go from $2.70 to .04 in days without bouncing.
RETC will bounce this week and it will be trading in the .20's (maybe even tomorrow or thurs)
So, does anyone here know the history of this company from a fundamental perspective?
This is their website but I don't see a way for investors to contact them other than by long distance phone?
http://12retech.com/investors/
Does anyone have a chart or information on Devago, Inc prior to this forward split and name change to "12 Retech Corp"??
What was the purpose of the name change and split?
SANTO DOMINGO, DOMINICAN REPUBLIC, Jun 27, 2017 (Marketwired via COMTEX) -- SANTO DOMINGO, DOMINICAN REPUBLIC--(Marketwired - Jun 27, 2017) - 12 Retech Corporation fka Devago, Inc. ("12 Retech" or the "Company") (otc pink:DVGGD) is pleased to announce that the Company has completed a corporate name change and 6-1 forward stock split as part of its planned acquisition of 12 Hong Kong Limited, a Hong Kong Special Administrative Region corporation. 12 Retech has been notified by FINRA that the additional "D" will be appended to the Company's trading symbol for 20 business days and that the trading symbol will subsequently be changed to RETC on or about July 21, 2017.
12 Hong Kong Limited ("12RT") is the developer of the "12" next-gen retail shopping technology which seamlessly combines cutting edge digital tech and social networking with real-life for a fun and unique shopping experience. 12 fully integrates in-store, online, and mobile shopping experiences with its patented smart 12Mirrors, 12Mobile app, and 12Kiosks, while an interactive advertising screen provides special offers from shops, restaurants, and service providers. 12 simultaneously meets the needs of shop owners and customers, making in-store shopping fun and entertaining. 12RT currently has operations in Hong Kong and Japan.
12 Retech has entered into a Share Exchange Agreement with 12RT and its shareholders to exchange 100% of the issued and outstanding shares of 12RT for an aggregate of Fifty-Five Million (55,000,000) shares of Company stock, consisting of: (i) Fifty Million (50,000,000) shares of post-split Company common stock; and, (ii) Five Million (5,000,000) shares of Company Series A Preferred Stock. Following the closing of the Share Exchange Agreement, 12RT shall become a wholly-owned subsidiary of the Company.
The Share Exchange Agreement contains the following conditions to closing and the closing of the Share Exchange shall only occur once the following conditions have been satisfied: (i) the Company completes a name change to more accurately reflect the post transaction nature of its business (now completed); (ii) the Company completes a six-for-one (6:1) forward split of its common stock (now completed); (iii) the Company increases its authorized shares of Common Stock from the present amount of 100,000,000 to 500,000,000 and decreases its authorized shares of undesignated Preferred Stock from the present amount of 100,000,000 to 50,000,000; (iv) the Company shall, concurrently with the closing of the Share Exchange Agreement, facilitate the cancellation of 19,800,000 shares of its restricted common stock and such stock shall be returned to the Company's treasury; and, (v) 12RT shall provide the Company with financial statements, including audited and interim financial statements as necessary, with such financial statements being prepared by an independent accounting firm registered with the Public Company Accounting Oversight Board (PCAOB).
The Company anticipates all conditions to closing of the Share Exchange Agreement to be satisfied shortly and that closing will occur within the next few days.
Thanks for alerting this to me Smilin.
Well, u didn't alert it but I follow your trades
I know you dont subscribe to any social media networks (FB, TWITTER etc)but RETC was on a lot of pump lists over the past two months. I became aware of that today myself.
I also trade mostly alone without the assistance of any "gurus". Having not come across RETC until today, i wasnt aware of the promotional campaign that began on the shares back in June. From a chart perspective, that's when this chart actually begins so I'm just going to assume, not having done fundamentals on this one yet, that this must be a new ticker symbol on an already existing company?
So I'm assuming that the chart reset itself and began trading in the $1 per share area and over the course of 1+ months , the share price escalated all the way up into the $2.70 area. Doing a simple Twitter search I can see many popular names that waited to short sell this stock. They did an awesome job short selling it in the low $2 range and covered in the mid to low $1 range. Imagine if they just held onto their short all the way down to $0.04?
Now all of a sudden, the same individuals are discussing the potential for an enormous bounce on the shares. So that has me a little interested because there's strength in numbers. All it's going to take is for one of these gurus to announce going long RETC and, just from a simple chart perspective, this thing can recover a good portion of its losses. I'm talking 500%+ gains from here to start things off.
If you look at the chart, from where it began at $1 per share, this is the equivalent of an IPO that ran from $1 all the way to $2.70 per share. So here we are crashed all the way down to $0.04 a share - and huge volume/support enter here, causing the stock to stabilize and build support at $0.06 & $0.07
Short of this company not even being in existence, I'm hard-pressed to think that the share price will not recover big from present levels. The forces that brought this up, whether that be through manipulation or otherwise, must undoubtedly have to average down if they were truly long and those that were short the stock all the way down to the single penny digits, are probably itching to cover. But they need LARGE BLOCKS of sellers to do so. I think RETC is running out of sellers. They are exhausted. Sell inventory must be near non existant and mm's may have had to short sell shares to make a market. This is good for anyone long from the single digits.
Look at the RETC chart below. We are trading BELOW our lower Bollinger band. I couldn't get the MACD setting to load but RSI is also really oversold as well. Everything on this chart is screaming BOUNCE!
Yes, of course everyone here has read the share structure.
It's been public for months and months:
Share Structure
Market Value1
$549,001
a/o Jun 29, 2017
Authorized Shares
10,000,000,000
a/o Jun 28, 2017
Outstanding Shares
5,490,013,996
a/o Jun 28, 2017
The Outstanding share count is slightly over 50% subscribed to, and these shares are in strong hands as evidenced in today's 700-900 Million share bid and 400+M share ask
The sellers are no longer willing to sell at .0001
This is a positive thing
The note selling has subsided and im thinkin these note holders are going to buy common shares at .0002 soon so that this could run and they can convert their debt into equity at a much higher price and make much more money than just a 100% gain from their .00005 share allotments.
As far as everthing else you are asking, all the answers are here on the forum if u spend some time reading.
IHSI is becoming OTC PINK CURRENT INFORMATION. Right now because only the 2016 filings were issued, they are still not eligible for that status until they issue 2017's. That will be out within the month of July and then Press Releass and new website to tell the story of IHSI and Cresent Construction ($10M in revenues in 2017 alone)
All of this for .0001 and .0002/share
I'd say thats a pretty good deal
We're going to be trading around .0004 this time next week
Why would a shareholder do this?
If an individual share holder gets net long a stock, it wouldnt make much sense to cast a negative light on it, if the intended purpose is to attract investor interest.
Today the stock caught a nice bid (nearly 1 Billion shares at one point.
What would be the benefit of discussing dilution when clearly that is no longer the issue here?
What is the benefit for any share holder to speak negatively about a stock that they already own at .0001 and that has been at zero x .0001 for an eternity.
I mean, it FINALLY starts to move up and get a solid bid beneath it, and the negative light is still cast upon it?
Where is the logic behind this type of manipulation?
But thats the standard disclaimer put on most corporate filings where a company is underfunded
I dont understand your concern
From what I've researched in our private chat group (amongst 14 other members we have), this company is re-inventing itself with the addition of Cresent Construction. We've identified that this addition will add over $10 million dollars in revenues to Intelligent Highway Solutions ($IHSI)
Everyone that owns the stock is keenly aware that the company funds it's operations by issuing convertible notes. That's never been a secret. It's public in all the filings. Its the reason the stock has a zero bid and 0001 ask. IHSI has always issued debt for discounted equity. We all know these holders got their restricted shares at half of what the present ask is. And these people have a right to sell their shares at the ask price or sell to the bid when it goes to 0001
Once these people realize they are better off not selling (due to Cresent Construction adding $10 million dollars in revenues to IHSI), then I'd imagine the heavy handed sellers will pull their asks and place them higher, or perhaps even buy common shares so the price increases a few more ticks so they can sell to the bidders who think it will go higher. After all, thats what makes markets right?
All this talk of a reverse stock split?
I've discussed this with my mentors and all agree that the company has issued just over 50% of the available shares into the outstanding. They appear to be doing this at an average of roughly 20 million shares per day (if you want to use an estimated daily average). I remember reading it was over double that, but now we see from today's filings that is not the case.
So there's no worries about a reverse stock split any time soon. There is no need for a reverse stock split as there is plenty of shares from the authorized allotment to be distributed into the outstanding, and yes we all know this will be at a discount to where the stock presently trades, but its restricted for a predetermined period of time.
If IHSI is getting up to a $5 million dollar loan, then why would they need to issue convertible debentures at the present time or any time in the near future?
IHSI is growing due to the addition of Cresent, yet the company is being spoken about as if this acquisition isnt happening? No need to speak badly about a company thats been hard at work in updating and making current all 2016 and 2017 filings. The goal is to go to the otc pink current information status, isnt it? This way the company will be more in line with reporting information to share holders and perhaps even uplisting to a more reputable exchange. If a reverse split is performed for that reason, then thats ok with most, but it isnt happening any time soon.
I think that the filings that arrived today speaks volumes to share holders. The time these folks spent in compiling all the data to satisfy FINRA and otc markets, and the money spent to do so, means that they are serious about coming out with really awesome news to share with all of us.
IHSI has lingered far too long at zero bid and 0001 and the time is upon us where those numbers will be in the rear view mirror.
I plan to add more shares tomorrow and i hope many here do the same. And if our purchases help line the pockets of these note holders, then great because thats what true loyal shareholders do to help their company pay down debts and clean up the balance sheet. I think IHSI will be in much better financial shape now than ever before in it's history.
If anyone here agree, please let me know.
$IHSI
FRESH email received from $INNMF
From: Rebecca Wilson <rwilson@buchanwe.com.au>
Dear ***********
The Board and Management has put in place a rapid sub-analysis of the data that will be completed within 4-6 weeks and will require very little funds to undertake. This will ensure that any individual and sub group signals are identified, if they exist. The Board is acutely aware that shareholders will be looking for guidance and post this analysis they will provide an update on the outcome of that review, what this means to the company, and the next steps.
The company currently has $3.75M in the cash and is expecting a R&D tax rebate of approx.. $1.4M. Rest assured they will be very prudent with these funds to ensure the Board is in a position to make the right decisions for shareholders.
With thanks
Rebecca
$INNMF
Re: INNMF if you think you gentleman have it bad, look at this:
GOP lawmaker loses nearly $17 million after pharma stock tanks 92%
http://www.cnbc.com/2017/06/27/gop-rep-chris-collins-loses-17-million-after-pharma-stock-tanks-92-percent.html
Shares of Innate Immunotherapeutics tanked 92 percent to 5 Australian cents on Tuesday, after it reported a midstage trial for a multiple sclerosis drug failed.
GOP congressman Chris Collins, a member of a subcommittee overseeing health policy, is its biggest shareholder and suffered a paper loss of $16.7 million.
The Office of Congressional Ethics is investigating Collins' role as an Innate investor and his impact in attracting investors, according to the Buffalo News
Shares of Innate Immunotherapeutics tanked 92 percent to less than 5 Australian cents on Tuesday after the pharmaceutical company reported that a midstage trial for a drug to treat multiple sclerosis had failed.
Rep. Chris Collins, R-N.Y., a member of a subcommittee overseeing health policy, is its biggest shareholder and suffered a paper loss of $16.7 million (A$22 million).
The Office of Congressional Ethics is investigating Collins' role as an Innate investor and his impact in attracting investors, according to the Buffalo News. Investigators reportedly received complaints about whether Collins engaged in insider trading due to his influence in pharmaceutical legislation.
According to a source close to the company, Collins lost more than $5 million throughout his 15-year association with Innate and never sold a share.
Collins said in a statement on Tuesday that the failed clinical trial was "disappointing" but he knew the risks of investing in Innate.
"For those that invested in Innate including me, we all were sophisticated investors who were aware of the inherent risk," Collins said. "For every successful drug, there are [countless] numbers that fail. That's how today's system works."
However, Collins still holds out hope for the pharmaceutical company to develop a treatment for multiple sclerosis.
"I am hopeful that Innate's work will continue to help the individuals and families who suffer from this dreadful disease where, right now, there is no hope," Collins said.
In an Innate statement released Tuesday, the company's new multiple sclerosis drug , MIS416, "did not show clinically meaningful or statistically significant differences" in clinical trials, the company said.
"These results are a shock and definitely not what we were expecting based on our previous clinical experience with MIS416 and the reporting of treatment benefits we have received from many compassionate use patients over an extensive eight-year period," said Innate's chief executive officer, Simon Wilkinson.
The biotech stock was once valued as high as $1.77 a share in January, around the same time four other Republican House members — Reps. Markwayne Mullin of Oklahoma, Billy Long of Missouri, Mike Conaway of Texas, and Doug Lamborn of Colorado — bought stocks.
Secretary of Health and Human Services Tom Price also owned Innate shares, which he disclosed in his confirmation hearing. Price sold his shares for $250,000 in February.
GOP lawmaker loses nearly $17 million after pharma stock tanks 92%
http://www.cnbc.com/2017/06/27/gop-rep-chris-collins-loses-17-million-after-pharma-stock-tanks-92-percent.html
I cant believe what I'm readin here
Shares of Innate Immunotherapeutics tanked 92 percent to 5 Australian cents on Tuesday, after it reported a midstage trial for a multiple sclerosis drug failed.
GOP congressman Chris Collins, a member of a subcommittee overseeing health policy, is its biggest shareholder and suffered a paper loss of $16.7 million.
The Office of Congressional Ethics is investigating Collins' role as an Innate investor and his impact in attracting investors, according to the Buffalo News
Shares of Innate Immunotherapeutics tanked 92 percent to less than 5 Australian cents on Tuesday after the pharmaceutical company reported that a midstage trial for a drug to treat multiple sclerosis had failed.
Rep. Chris Collins, R-N.Y., a member of a subcommittee overseeing health policy, is its biggest shareholder and suffered a paper loss of $16.7 million (A$22 million).
The Office of Congressional Ethics is investigating Collins' role as an Innate investor and his impact in attracting investors, according to the Buffalo News. Investigators reportedly received complaints about whether Collins engaged in insider trading due to his influence in pharmaceutical legislation.
According to a source close to the company, Collins lost more than $5 million throughout his 15-year association with Innate and never sold a share.
Collins said in a statement on Tuesday that the failed clinical trial was "disappointing" but he knew the risks of investing in Innate.
"For those that invested in Innate including me, we all were sophisticated investors who were aware of the inherent risk," Collins said. "For every successful drug, there are [countless] numbers that fail. That's how today's system works."
However, Collins still holds out hope for the pharmaceutical company to develop a treatment for multiple sclerosis.
"I am hopeful that Innate's work will continue to help the individuals and families who suffer from this dreadful disease where, right now, there is no hope," Collins said.
In an Innate statement released Tuesday, the company's new multiple sclerosis drug , MIS416, "did not show clinically meaningful or statistically significant differences" in clinical trials, the company said.
"These results are a shock and definitely not what we were expecting based on our previous clinical experience with MIS416 and the reporting of treatment benefits we have received from many compassionate use patients over an extensive eight-year period," said Innate's chief executive officer, Simon Wilkinson.
The biotech stock was once valued as high as $1.77 a share in January, around the same time four other Republican House members — Reps. Markwayne Mullin of Oklahoma, Billy Long of Missouri, Mike Conaway of Texas, and Doug Lamborn of Colorado — bought stocks.
Secretary of Health and Human Services Tom Price also owned Innate shares, which he disclosed in his confirmation hearing. Price sold his shares for $250,000 in February.
I did as instructed and got this reply. The conference call had already been over with by the tie our markets opened so i guess its safe to say the worst is over with. I mean, the reaction was pretty violent for it to gap down so hard and go to .02 then to .06? Then based around .04 the rest of the session. Why it didnt go lower all in one day? Maybe mm's loaded and want to get this to bounce tomorrow?
Hope it helps you all:
From: rwilson@buchanwe.com.au
The call was Australian Eastern Standard Time so it has already occurred. We do however have a recording of the call which you can access at http://edge.media-server.com/m/p/zoniug32
The announcement was released on the ASX platform and directly to shareholders who had provided email details.
We appreciate that this is a difficult time for all shareholders, and in particular the patients who were relying on MIS416 as a treatment. The result has come as a shock for all involved in the company.
Please let me know if you have any questions and I’ll do my best to provide an answer.
Regards
Rebecca
$INNMF
Yes I remember your nick name.
Remember Jamie Khoo and all the lies he spewed just to sell over $700,000 in stock to everyone, then he pulled out of the stock scam business and opened a bus company in Quala Lampur someplace
Not sure what the confusion is on the last trades that printed EOD
https://ih.advfn.com/stock-market/OTCBB/intelligent-highway-solutions-IHSI/trades
They were T-Trades from earlier in the session
11,060,200 shares and 90,000,000 at the TRADE price of .000098
The actual LAST price (not that it matters) was two trades valued at .00019 and .0002 , each for 911 shares
None of this means anything.
A buy matched with a sell = a TRADE
It's what makes markets
The "DUMP AT THE END OF DAY" was not a trade at that time.
It was a Form T trade from earlier in the session that wasnt reported until 16:02:00
http://ih.advfn.com/stock-market/OTCBB/intelligent-highway-solutions-IHSI/trades
Someone obviously BOUGHT those shares if someone sold them
It's called a TRADE
Why has CEO Petzel not been responding to shareholders that email him or post to the BRSE_News twitter feed?
What happened to his word to answer everybody's questions?
Email response from CEO Christopher Petzel:
1. What was the specific reason why you chose to purchase EMJI versus another publicly traded shell or active company with a much LOWER share structure?
It was there. I didn't pay very much for it. I thought that buying something at the bottom was a good way to ensure that there was only one way to go. It is what it is. Kind of silly for people to complain about it because most of them were there before me.
2. Of what benefit was it for Bob Atwell to have relinquished control of his co to you and was there financial compensation provided him in exchange for his preferred and common shares? Is he involved with BRSE in any capacity? I ask because it was mentioned in a filing that he stayed on as a consultant.
He got a small amount of cash. Nothing else. He retained no shares, no debt and was given no consulting agreement. Not that he had very much going on there.
3. Do we have any other corporate officers a in place (President, VP, CFO, COO, IR person/firm as well as board of directors) in place to assist you or are you taking on all of these positions yourself?
It's just me at the Broadside level but that will change. We have 27 people at Framepool.
4. We purchased a near 87% interest in Framepool AG. The initial tranch of money ($200,000 in cash) for the purchase came from where? The remainder owed (which is unknown to shareholders) is to be paid to Framepool "in part" out of our 87% of the net revenues as well as from non convertible debt (which im assuming from reading the posts of others, is a bond bearing interest?)
We raised common equity as reported. No interest is payable on the note with which Framepool was acquired. We'll raise more equity to pay it off. Not due for quite a while.
5. How much of the prior cd note holder conversions out to the fifth decimal have come to market?
All been reported. Very few conversions in 2015 and 2016. None of the people Atwell gave debt to still hold any. I made sure of that.
6. What plans are in place to perform further share buy backs from these toxic holders?
The toxic holders you refer to are the retail investors now. We have a large float. We might buy back some shares at some point. No specific plans at the moment.
7. What plans are in place (specifically) to REDUCE our present outstanding share count and float to avoid a very painful and financially devastating reverse stock split?
Not sure what you mean. Think about what the options are and let me know. I don't know any other than buying back shares as discussed in 6. We have done that as you know. Your reverse fears btw are not shared by any of my private equity investors who have all bought stock at 0.0002.
8. What efforts are being made (specifically) to bring brand as well as investor awareness to our newly named publicly traded company?
We anticipate bringing on a marketing professional shortly. You'll like his background.
9. How can we utilize the services and marketing expertise of Framepool AG, the Scotti Bros and other affiliates to assist in promoting/advertising Broadside Enterprises?
We work closely with all of them on a daily basis. And we have more powerful and very wealthy investors you have not yet heard about.
IT IS FURTHER ORDERED that, pursuant to section 127(6) of the Act that this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.