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Explanation for AS increase

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QServus Member Level  Saturday, 01/12/19 09:41:45 AM
Re: None
Post # of 32822 
Explanation for AS increase

Quote:
Third, the Company has made progress on the acquisition front. While the three acquisition targets announced in 2017 are still on hold, we have approached several new targets that could prove to be strategic for increasing the capacity of our manufacturing operations and to adding brands that already have proven traction in the marketplace. Every one of the candidates would like to bring their operations to the next level of success by expanding their sales channels, including their online presence. We hope to have concrete news to talk about in the first quarter, 2019.



https://www.otcmarkets.com/stock/RETC/news/12-ReTech-Corporation-Discusses-Recent-Business-Progress-and-Releases-Third-Quarter-FY2018-Financial-Results?id=210876


Also, IF you have read the 8K filing you will have known (& it says right there) that those authorized shares are NOT for new issuance to satisfy convertible debt.

Quote:
at present we have no current plans, arrangements or understandings providing for the issuance of the additional shares of Common Stock that would be made available for issuance upon effectiveness of the Authorized Share Increase



https://www.otcmarkets.com/filing/html?id=13151913&guid=VQf8Ue3huxepdth


Quote:
The Company was noticed by OTC Markets on October 15, 2018 that the Company had 90 days to remedy a deficiency to remain listed on the OTCQB based on share price. The Company is hopeful that, when this current round of debt conversions is completed, and due to ongoing development of its business, the stock price will appreciate above the share price required to maintain our status on OTCQB, and/or that it can obtain an extension from OTC Markets to meet this deadline.




If RETC will be dumping, why didn’t we get delisted?


b. Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price set forth in Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.

https://www.otcmarkets.com/files/otcqb_standards.pdf




Besides factual evidence, IMO
Emphasis added

EUCALYPTUS
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