So i remember clearly that it was stated that an S1 form would have to filed before the companies tap into their respected LOC in order to tell the investor know what the money is being used for.
"The recent downtrend in price could very well be due to the imminent tapping of the credit line, which was last tapped at .006 in early February -- if so, expect MJTK to move right back up, just like it did after it was tapped last time when it ran from .0052 to .015
Once the 10-k is released, a shareholder letter and conference call should be the next catalysts, as Mr. Tew communicates the business plan to the investment community
MJTK is still in the womb, and has a ton of growth ahead of it in 2017, 2018 and beyond should CITIZEN TOKE and EXPO be successful"
Well here you go, here is another statement being made - NO I DIDNT CHANGE ANY WORDING ONCE AGAIN.
What is the 'SEC Form S-1'
The Securities and Exchange Commission (SEC) Form S-1 is the initial registration form for new securities required by the SEC for public companies. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange. Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition, and provide a brief prospectus of the planned security itself, offering price methodology and any dilution that will occur to other listed securities.
30 minutes to go and no Monday Pre trading 10K as of yet.
AI
