ex-CEO who resigned confirms merger being reversed due to fact merger company, Nano Tech, could not be audited ending a year long silence
The s/s gets super low:
CSCE O/S = 6,373,968
Confirmed with T/A 11/23/15 O/S is 80,859,892 rico@empirestock.com
We need to back the shares out issued to Nano Tech West August 26, 2015 filing: In March 2015 the company finalized a stock consolidation of 25/1 ((reverse stock Split) Following the completion of the stock consolidation the company transfer agent combined the new treasury shares of 58,885,924 common shares issued to acquire Nano Tech West . Inc. ,The acquisition reflected a completion date of October 29, 2014 http://www.otcmarkets.com/financialReportViewer?symbol=CSCE&id=143730
This will bring the o/s down to 21,973,968 once the Nano stock is returned to treasury
Lastly, the stakeholders (who reside in Canada and are subject to the BCSC cease trade order meaning they can't buy or sell CSCE) converted the last of debt for 15.6 million shares. Once we back those share out of the o/s since those shares don't have a liquid market, CSCE o/s drops to 6,373,968
To maximize profits for the stakeholders who purchased the shell CSCE, all they need to do is restate the financials with just CSCE (which has already been done). It was when the stakeholders combined CSCE and Nano Tech West that our OTC current status was downgraded. At some point CSCE needs to submit an OTC 8-K announcing the Nano Tech deal is being reversed. I don't see the need for stakeholder keeping CSCE with a BCSC cease trade order and all our stakeholders apparently are from Canada.
So with an o/s of 6.3 million, a float of 3.8 million and no one at the helm to dilute the s/s, CSCE might be in store for an epic run. No debt, low s/s, tax loss carry forward... the only caveat should be no canadian suitors please
the above is all IMHO (consider this my safe harbor statement)
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