12 Retech Corp (fka RETC)

[surf1944]

Ponzetta has been scamming for years now, the shareholders may be dismayed that the shares went from from near $3 to NO BID

The CEO & RETC was a SCAM from day one! Comparing itself to Priceline is moronic!

Mr. Ponzetta continued, “Many of our shareholders were dismayed when we recently announced that we were doing a reverse stock split. However, reverse stock splits aren’t necessarily bad for shareholder value if they are done for the right reason and management has a plan. The company formerly known as Priceline now known as Booking.com, for example did a six to one reverse stock split in mid-1993 and because management executed on their business plan, their stock price has increased from a $22 post reverse split to what is currently over $2,000 per share since then. We have a plan too, and our reverse stock split allowed us to acquire the Bluwire Group which I’m sure our shareholders can now appreciate. With Bluwire we can now begin to deploy our technology to enhance all our brands and provide proof of the “lift” in revenue and earnings that our software can achieve to other retailers.”

https://ih.advfn.com/stock-market/USOTC/12-retech-corporation-RETC/stock-news/80934739/current-report-filing-8-k