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Re: None

Thursday, 08/31/2017 12:40:45 AM

Thursday, August 31, 2017 12:40:45 AM

Post# of 54198

Commence efforts to complete a 1 for 1,000 reverse split of the Common Stock (the “Post-Closing Reverse Split”). The completion of these efforts is expected to occur after the Closing Date, as they require notice to FINRA. -Section 5.06 Certain Actions to Commence at the Prior to Closing Date


It would appear that they do intend to move forward with RS plans as of now.
https://www.otcmarkets.com/financialReportViewer?symbol=CRTC&id=178554

I also read the whole 10k. They appear to have a problem with customers not paying them quickly. They're basically taking out small pay-day loans to liquidate their receivables ASAP. Like taking a loan for 200,000 and paying 275,000 in daily $2k payments using receivables as they come in. Seems odd. It also concerns me that they have to much debt in general.

They're on track for ~8 mill in annual revenue. Impressive, but at a net loss. Their COGS is expensive for whatever reason.


@OTCMondragon