Traack Technologies Inc (TRAA)

[Principian]

He's got $800K in a loan from ARCA (ie ARCI) and 288K Preferred ARCI Shares. Which convert to 100 Common Shares for every Preferred Share. Now looking at this ARCI, this company too appears to have a number of issues which would explain why they may not have done extensive Due Diligence on the buyout of GeoTraq Inc. But yes the termination of the GTRQ Shares with the SEC and then turning around and opening up "shop" via a similar entity is a classic move for a fraudster or a Serial Bankruptcy Artist.

Nevada has favorable Asset Protection Laws from Civil Actions and so that is probably why he moved to Las Vegas. GTRQ also appears to have been a Reverse Merger and so that is how it was able to trade on the OTC. He found a Pink Sheet "Dog" and those owners unloaded their worthless shares onto the you all and then Sullivan scores some cash as well to fund this hardware module. It is just enough to fool the average person, but on closer inspection its junk and so is that Patent he claims to have applied for.