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The increase to 1.5b was done for working capital through redwood.. It require 5x the converted shares to be held by TA.. The following increase to 1.89b I assume would be the redemption of notes and to keep the 1B held per requirement of the terms.. Trading volume does not suggest anymore than 700M issued..
1B ain't gonna be touched until another increase is done..if and when that happens run fast.. Till then support at .0005 held nice and built right back up
RS by end of month is not possible... You already know that though!!
Actually far less.. The redwood deal alone requires 1B be held unissued by TA..
With an AS of 1.89 that does not leave to many from the last update of 626M OS
Another 20m on bid ;)
Sellers gone
50M on bid at .0005
What's true is that before his name change he did a massive pump via PM's stating he held inside information!!!
It very well could. I'll certainly be buying all the way down if it does.MM's surely did not want this any lower yesterday
Despite needing cash to grow the first BILLION DOLLAR ewaste organization this WILL test .002 first then run quickly to the .004 area. Say what you wish..think what you want..
"Whether or not a company has made money in the previous year, there is always revenue -- even companies that may be losing money temporarily and have earnings depressed due to short-term circumstances, such as product development or higher taxes. Companies that are relatively new in a high-growth industry are often valued off of their revenue and not their earnings. Revenue-based valuations are assessed using the price/sales ratio, or PSR."
Let's add 400M to the OS and say 1B are issued..
1M rev last 4 quarters.
Let's use x4 valuation..
4M/1,000,000,000=.... .004
This issue is trading at .0008 with 400M shares less than what was used..
Not concerned but thanks for heads up
BMAK looked content at .0009.. .0008 was stack and closed the day unfilled
LOL the did it AGAIN.. filed with CO SOS 9/10/14 with an effective date way back in 5/30/14.... Now Jet Life pumped this just before that on 9/8 and 9/9... Hhhmmmm maybe they own this shell
TechnoConcepts, Inc., a corporation organized and existing under the laws of the State of Colorado (the “Corporation”), hereby certifies that on May 30, 2014, the following resolution was duly adopted by the Shareholders of the Corporation:
RESOLVED, that pursuant to the authority granted to both the Shareholders and the Board of Directors, by written informal action, in accordance with Section 7-108-202 and Section 7-107- 104 of the Colorado Business Corporation Act the provisions of the Corporation’s Certificate of Incorporation, as amended, the Board of Directors hereby authorizes the following change to the first sentence of Article IV – Capital Stock of the Articles of Incorporation. The first sentence shall now read:
“The aggregate number of shares which this Corporation shall have the authority to issue is two billion (1,990,000,000) shares of no par value each, which shares shall be designated “Common Stock”, and Ten Million (10,000,000) shares of no par value each, which shares shall be designated “Preferred Stock” and which may be issued in one or more series at the discretion of the Board of Directors.”
All remaining sentences and subsequent paragraphs of Article IV of the Articles of Incorporation shall remain unchanged.
The effective date of the directors’ action is May 30, 2014 and the effective date of the shareholders’ action is May 30, 2014.
Shares Outstanding 626,902,712 a/o Aug 29, 2014
Actually if a VIE terminated all the transactions within it are as well. Be it a final sale or open agreement. By suspending the VIE any transaction be transferred to another. It would require full authority from XUFU which they are doing per the same communication.. Does this wipe out the risk? No at all..
Actually it clearly states otherwise..
Upon the realization that it was not the primary beneficiary of the VIE Agreements, the Company suspended the VIE Agreements rather than terminating them.
**Read the original agreement of the VIE and just as the first accountant believed it sure looks correct..the issue IMO relates to ownership in the PRC..
While the VIE Agreements are suspended, the economic transactions under the agreements are not being effected.
**the transactions are unaffected..what these transactions included NOONE knows.. Anyone claiming they KNOW (such as dirty accountants) is simply telling a fib..
What we do know is that the SEC took 3 months before they signed off on this response. The company was also very quite during that time frame.
With the current PPS below the lower limit of the preferred conversion limit of .001 you can scratch them from all conversion calculations IMO.
all the notes that are redeemable have a limit of 4.99% or just under 25M shares per conversion based on 500M OS which we are still under.
This ticker acts reverse to ever other promo run.. The demise since izzy news has been quite laughable
GO JETPAY!!!
LOL you have one hell of an imagination..this is getting primed wait and see...
Just a promo maybe
View this email online if it doesn't display correctly
"We distribute over 180 different products throughout
the medical marijuana field"
---=>>> Flight Reminder: TechnoConcepts | TCPS <<<=---
Welcome To TechnoConcepts, Inc. | TCPS
TCPS Business Description
We own Silver Sun Products, Inc. Silver Sun Products, Inc. is a distributor of products supplying the medical marijuana field.
Some of the products include: fans, ventilation units, tents, CO2 systems, reflective mylar film, cooling systems, hoods and lighting systems up to 1000 watts. We distribute over 180 different products throughout the medical marijuana field.
Silver Sun Products does not grow or distribute marijuana, and has not applied for a license to distribute marijuana.
TCPS - SilverSun Products Inc., is a Seattle, WA based manufacturer and distributor of quality indoor gardening supplies. Our product offering includes hydroponics equipment as well as high-intensity grow lights and ventilation systems used for all of your indoor, hydroponic and organic gardening needs.
SilverSun sells our products through our Authorized Dealer Partners who are based across the United States and Canada.
SilverSun has a reputation for providing high quality grow lights and related equipment for indoor and greenhouse gardening which are suited to both hobbyists and commercial level growers.
Our grow systems incorporate only premium quality components, and our professional-grade hydroponics and UL-listed lighting fixtures will guarantee years of reliable service.
SilverSun takes pride in our quality inventory, knowledgeable staff and great customer service and is ready to help your business grow and thrive.
Check out our product catalog and feel free to contact us with any of your growing questions. http://www.silversunproducts.com/
TCPS | Recent Developments
TCPS Reduces $2.2M in-debt-since June 2013 /
Announces Acquisition Of Websites
LOS ANGELES, July 31, 2014 /PRNewswire/ -- TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) has recently been successful in negotiating with its last current d e b t holder and this debtholder has agreed to convert of all their d e b t to preferred stock of the Company.
The Company has received one (1) executed D e b t Exchange Agreement from one d e b t holder and the d e b t holder indicated that they are willing to completely e-limina-te their debt and convert it to preferred stock.
This D e b t Exchange Agreement e-liminate-s over 1M in d e b t of the balance sheet of the Company. This will be reflected in the next financial statements filed with OTCMarkets by the Company.
The Company has eliminated over 2.2M in d e b t since June 2013. This is the fourth D e b t Exchange Agreement the Company has successfully negotiated with d e b t holders.
About TechnoConcepts, Inc.
TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patents and other intellectual property. The Company is a Colorado company in good standing.
TechnoConcepts, Inc. Announces Acquisition Of Websites
LOS ANGELES, April 1, 2014 - (OTCMarkets Disclosure & News Service) – TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is pleased to announce that it has signed a memorandum of terms to acquire several websites from Mr. Kevin Worth, its newly announced President and board member.
TechnoConcepts, Inc. and Mr. Worth signed a memorandum of terms to acquire the following websites are to be acquired:
Silversunproducts.com
Cannabisindustrysupply.com
Cannabisindustrysupplyinc.com
Cannabisindustryproducts.com
CannabisIPI.com
Cannabisgear.com
CannabisgearInc.com
CannabisGI.com
Mr. Kevin Worth is currently the President of the private company Zimbali Group Inc. based in Washington State. Kevin has been with Zimbali since its inception in 2011.
Zimbali Groups' focus is on supplying the legal cannabis industry with various products ranging from indoor gardening supplies for the commercial grower, to supplies and resale items for marijuana retail dispensaries in both the USA and Canada.
Mr. Suarez, Chairman and CEO of TechnoConcepts, said, "After bringing Kevin into the Company, which we announced yesterday, we are pleased to finalize the terms of our acquiring his websites. This is a huge step for us as we head into the cannabis industry supply business, with Kevin leading us."
In addition, management has met with several law firms regarding specific intellectual property related items and will be deciding shortly on a firm to represent them regarding all intellectual property related items and will be deciding on a firm to represent them.
True Software Radio™ technology is an advanced delta-sigma microchip architecture that converts RF signals directly into digital data for the wireless receiver and directly from digital data into radio signals for the wireless transmitter.
TCPS | 2014 Headlines
TECHNOCONCEPTS, INC. FinancialsEDGAR Online (Wed, Sep 3)
TechnoConcepts, Inc. Reduces Additional Debt (Jul 31)
TechnoConcepts, Inc. Finalizes Search For Intellectual Property Representation PR Newswire (Wed, Apr 30)
A Sub-Penny Cannabis Opportunity by BrokerBank Securities, Inc.PR Newswire (Fri, Apr 25)
Izzy Zalcberg Invests In TechnoConcepts, Inc. (Wed, Apr 23)
TechnoConcepts, Inc. Narrows Search For Intellectual Property Representation PR Newswire (Mon, Apr 21)
TechnoConcepts, Inc. Announces Signing Of Memorandum Of Terms To Acquire Zimbali, Inc.PR Newswire (Tue, Apr 8)
TechnoConcepts, Inc. Announces Acquisition Of Websites(Apr 1)
TechnoConcepts, Inc. Announces New President And Board Member PR Newswire (Mon, Mar 31)
Next Flight: TechnoConcepts, Inc. | TCPS
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---=>>> Next Flight: TechnoConcepts, Inc. | TCPS <<<=---
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Jet life is running a promo sent out late afternoon.. Looks like they loaded ..
Did anyone catch the MMJ news today? I don't see it posted anywhere here
Can I get that BOOYA now Mr. Accountant!!!
Yes indeed. Your welcome for pointing this out already
This is the whole high score gang that simply moved over to another pink sheet scam!!! Go WILLIAM WHITE
You WAKE UP.. There is ZERO chance the SEC spent 3 months not investing..Has they not found something of substance this would have been halted...any attempt at bringing China back back with a false pretense would cause identical losses created by the SEC for allowing
EWSI just hit BREAKBOARDS let's see if son buying pressure follows
FURTHER
"The Company is currently in discussions with XuFu, legal counsel and accounting consultants in the United States and PRC in order to address the issues and protect its interests and the interests of its shareholders while establishing proper financial and reporting controls to give it the ability to report timely and accurate results to the investment community. XuFu has acquiesced to the suspension and is cooperating in the discussions."
So yes EWS-CHINA is now ready to receive financial results!!!!
Can I get a BOOYA!!
Lol wrong AGAIN
http://www.sec.gov/Archives/edgar/data/1488309/000111776814000394/filename1.htm
" The Company conducted an analysis of the VIE Agreements with XuFu shortly after their execution in March and April of 2013 and concluded that all of the requirements for control and beneficial ownership were met based upon the agreements. At that time, the Company believed that it was the primary beneficiary of the VIE."
"While the VIE Agreements are suspended, the economic transactions under the agreements are not being effected."
Each and every one was reviewed by the sec to determine just cause. The sec closed communication without suspension after they were told china does exist.. IMO no way in hell they close without substance.. Something many are looking for... Volume has spiked..
You leave out the biggest points yet repost the same crap post after post..
The SEC closed correspondence with EWSI that stated the China reviews exist and remained UNCHANGED they are able to account for them..
I believe we have pin pointed the leader of the pack here..
Just curious... 50M in revenue will wipe that 15m cost of sales out
Looks like seller is done...
The comments say " it's to expensive to short" " to high of risk"
Why is recent weeks has 10k-30k orders been filling?? That type of money doesn't flow into any penny stocks in a downtrend unless they know something
Wrong key point copied...
"While the VIE Agreements are suspended, the economic transactions under the agreements are NOT being effected."
8/5/2014 SEC completed review of EWSI filings. Response was given by the company on 5/2/2014..it doesn't take 3 months for the SEC to respond..you can bet a very deep investigation was done...also explains the quite time IMO
Key point
"The Company is currently in discussions with XuFu, legal counsel and accounting consultants in the United States and PRC in order to address the issues and protect its interests and the interests of its shareholders while establishing proper financial and reporting controls to give it the ability to report timely and accurate results to the investment community."
On March 26, 2013, the Company entered into a set of agreements (the “VIE Agreements”) with YaZhuo (now known as “XuFu”), a company incorporated in the People’s Republic of China (“PRC”), wherein the Company was to provide management services in relation to the current and proposed operations of XuFu’s business. The Company conducted an analysis of the VIE Agreements with XuFu shortly after their execution in March and April of 2013 and concluded that all of the requirements for control and beneficial ownership were met based upon the agreements. At that time, the Company believed that it was the primary beneficiary of the VIE.
During the fiscal year ended December 31, 2013, the Company was unable to adequately exercise its rights under the agreements and could not properly manage the processes and controls of XuFu. As a result, the Company concluded that it did not have adequate control and power over these entities and their significant activities and therefore could not be deemed the primary beneficiary of these contracts. Accordingly under ASC 810-10-05, the Company could not consolidate the results during the year ended December 31, 2013 which included the three interim periods ending March 31, 2013, June 30, 2013 and September 30, 2013. As a result and in accordance with ASC 250, results previously reported in our quarterly periods ended March 31, 2013, June 30, 2013 and September 30, 2013 can no longer be relied upon.
The Company can terminate the VIE Agreements at its discretion. Upon the realization that it was not the primary beneficiary of the VIE Agreements, the Company suspended the VIE Agreements rather than terminating them. While the VIE Agreements are suspended, the economic transactions under the agreements are not being effected. The Company is currently in discussions with XuFu, legal counsel and accounting consultants in the United States and PRC in order to address the issues and protect its interests and the interests of its shareholders while establishing proper financial and reporting controls to give it the ability to report timely and accurate results to the investment community. XuFu has acquiesced to the suspension and is cooperating in the discussions.
STICKIE ME PLEASE
Massive alerts sent for Monday morning...lots of people about to lose a ton of cash!!!
Volume before news.. Monday could be telling.. Something is cooking for sure.. Another big block for 12M
Another increase.. Very small from 1.49b to 1.89b which is another off norm change in my mind.. The redwood deal requires 5x the amount of conversion be available at all times.