Sunday, January 29, 2017 7:41:31 PM
very well and has timed
things with potential
to profit well...
The setup date of Dec.,2015 in
SDVI 10K shows that the common
shares should be free trading
up to 9.9% of outstanding shares
on each day for debt pay back...
Over 1 year since agreement gives
it tender status for free trading
under liberal interpretation...
http://www.otcmarkets.com/financialReportViewer?symbol=SDVI&id=165702
Change in Control. On December 14, 2015, our former CEO and Board member and the holder of the overwhelming
majority of the number of shares of our Preferred Stock, Kenneth L. Hurley, entered into an agreement with the company;
whereby, in exchange for an outstanding debt of two-million ($2,000,000.00) and preferred shares owned by Mr. Hurley,
Mr. Hurley would release the company from its debt and assign his preferred shares to Charles Townsend & Inqubus, Inc.
in exchange for common stock issuance. The agreement also has allows the company to acquire four companies from
Inqubus, Inc. under Innovo Technology, Inc. that aligns with the new business direction of Signature Devices, Inc. in the
Internet of Things space.
As the result of this transaction, a change in control occurred and Charles Townsend, a board member, was appointed as
our Chairman, President, and Chief Executive Officer.
SDVI float should be about
what is left between outstanding
and the CEDE count of public
shown later in 10K report...
But Hurley shouldn't own
over 9.9% of outstanding on
and given day, so less than
about 264,000,000 that he
could hold any day for sale...
East Down and Bound, let's
nick name him the Bandit...
Seems to appear that some
transactions may have been
done with Inqubus before
CWIR acquired them...
How many unsure...
Where I personally don't
want to be...
Clear and evident...
Man, just amazing, mind
boggling common share numbers
could be converted out of
that SDVI debt deal but it
appears legally structured...LJ
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