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Re: janice shell post# 286

Wednesday, 08/10/2016 3:53:48 PM

Wednesday, August 10, 2016 3:53:48 PM

Post# of 899
Maybe they'll take stock if they can't get cash, though OVMS isn't a very lively trader. It looks as if Laura Anthony was hired to do a reverse merger between Ovation (the private company) and Perfect Web Technologies. It was completed by 15 December 2014.

Around the same time--it seems to have been in the fall of 2014--the company issued stock under 4(a)2, selling 14 million shares by the end of 2014. Naturally they were restricted. The company in question was Ovation, not Perfect Web. Though it made its first sale in September 2014, it didn't get around to filing a Form D till September 2015:

https://www.sec.gov/Archives/edgar/data/1652912/000165291215000001/xslFormDX01/primary_doc.xml

I'm assuming the Form D has to do with the private placement discussed in the annual report for fiscal 2014, though that isn't entirely clear.

The report says also:

The trading status of the shares; the shares were sold as restricted shares the and the certificates contain a legend stating that the shares have not been registered under the Securities Act. Subsequently the Issuer engaged its legal counsel to prepare a Regulation A offering to register the shares with the SEC.

What Reg A offering? There're no filings, paper or electronic, at Edgar.

http://www.otcmarkets.com/financialReportViewer?symbol=OVMS&id=133121

Did you see who wrote and OTCMarkets attorney letter in June 2015? Fed Lehrer. They were in AZFL and numerous other tickers together.

http://www.otcmarkets.com/financialReportViewer?symbol=OVMS&id=140350