Friday, July 28, 2017 2:19:51 AM
This is my first post to this board. I have shares but have mostly been watching from the bench. I don't expect to post much. Just wanted to drop in and ask a few questions.
I'm sorry if these points have already been clarified or hashed out.
First question: Floridany, is the $2 billion share "capital" your personal translation? That would assuage me if it were.
Google chrome translation as you may know says
and that translation leaves me to believe that it is referring to there being 2 billion NV SOS registered shares (for HD International, not TRKG) and not $2 billion in share capital. NV SOS shows par share count as 2 billion.
From the NV SOS page we see that they have a Central Index Key. A Central Index Key if provided indicates that HD International Holdings Group is registered as a public traded company (see image with explanation below). I have no reason not to believe Floridany's report that the CEO says they are reverse merging into TRKG. I'm just not sure why they would be listed as a publicly traded company in NV (see my comments below).
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=TK28AlAKY3VeAcOg3fLApQ%253d%253d&nt7=0
However, can a publicly traded registered company reverse merge? My research suggests that only private companies perform reverse mergers into public shell companies, and publicly traded companies perform mergers/acquisitions with/of other public companies.
My understanding is this:
HD International Holdings Group may be a publicly traded company because they have listed a Central Index Key.
HD International Holdings Group has a registered par share count of 2 billion shares (capital amount $7,200). Note: par value is no indicator of market pps.
TRKG has 400 million AS and about 150 million OS.
https://www.otcmarkets.com/stock/TRKG/profile
My conclusion is this.
There has to be a reason HD Int. Holdings Group registered the company in NV. Maybe there is an error somewhere and it is really a "private" company since I can't find HD Int. on the otc nor do I see its shares available to buy or sell. Maybe private companies can list a Central Index Key. I'm used to seeing the Central Index Key blank for a private company though.
If it is in fact a private company, then everything falls back into place with the reverse merger.
The tweet about the APO is truly Epic!!
An APO implies HD Int is going to an exchange like NASDAQ!!!!
An APO is an Alternative Public Offering involving a reverse merger and a PIPE at the same time.
from wiki
Investment bank(s) will have to underwrite the deal (firm commitment or bought deal).
https://investmentbank.com/go-public/
Sorry for the long post. I probably won't post much here though.
Anxiously waiting for the PR. Plan on buying more TRKG tomorrow.
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