I sent an email to the CEO asking didn't he wonder why the stock went up so fast in a few days?
Also asked how there could be 5M shares that were exchanged when RETC took over 12Japan but profile shows 78.7M outstanding shares?
This is from TDAmeritrade - RETC Profile
Pursuant to the Share Exchange Agreement, the Company will acquire 100% of the issued and outstanding equity of 12 Japan in exchange for Five Million (5,000,000) restricted shares of RETC Common Stock; and, (ii) Five Hundred Thousand (500,000) shares of RETC Series A Preferred Stock. The Agreement contains customary representations and warranties. Additionally, the Agreement required that concurrently with closing, the Company facilitate the cancellation of Five Million (5,000,000) of RETC Common Stock currently beneficially owned by the Company's officers and directors; and the cancellation of Five Hundred Thousand (500,000) of RETC Series A Preferred Stock currently beneficially owned by the Company's officers and directors. Collectively, such shares shall be cancelled and returned to the Company's treasury.
