Shareholders meeting
First let me say these are quick brief notes. I apologize for any misspellings or misinterpretations.
Glenn corso, chairman, opened up.
Let everybody know that the call is recorded
There were over 40 people on Call
Albert- acknowledged what we already know that LVXI is no longer railroad
Rich Rotanz- Worked in the FDNY, did some work in Nassau County Long Island, managed emergency response for 9/11
Rich Ziccardi- His career is in corporate finance and accounting, he emphasized how much Albie Cares about shareholders. Want regulatory approvals are in, the company will share more
Albie- described and 80–20 split between Geo command, and LVXY.
Joe Cosio is compliance and will not speak during the call.
Mark Jones- Has been with Geo command for nine years, had a 17 year career with Boeing. Considers himself a “map nerd”. Seemed like he was well prepared with a written statement he was reading off of
Mike Pronschke- is a software engineer, was wearing a Michigan State police shirt. May have had a career in law-enforcement?
John Doherty- was in the Coast Guard, went to MIT, left MIT to work at Bell laboratories
Paul christin- is the director of sales and marketing, he is a newest member. 25 years in public safety and Homeland security
Nicolette Kittinger- Worked with Long Island schools, master in fine
arts, expertise I believe she said in patenting, I might’ve missed that.
Albie- Said he Inherited a company with toxic debt. Lucoski & Brockman is the law firm he is using to negotiate the debt. A 14 D has been filed today
Nicolette- Geo command brand is retiring to maptelligent. Same idea. Jill command customers were based on fear, maptelliegent customers focus of problem-solving with map solutions
Paul- If it will be in New marketing campaign
Albie- Any shares post July 22 will not receive the 9.2 dividend. The example he gave was if somebody owned 30 million shares prior to 722, divide that by 4000 and you get 7,500. then multiply that by 9.2 and you’ll end up with 69,000 total shares. It is governed by SEC144
Post 7/22 will only be a 4000 to 1 split with no long-term benefits
Wants to take the company to the OTCQB and get off the pink sheets.
Questions from shareholders. I will not list each person but just cover anything of importance
- It was said that the reverse split can most likely take place within 30 to 45 days.
- If the stock closes at that point at .00035, we would open on the OTCQB at two dollars a share
- Maptelligent Website will describe everything once regulators approve
- There was a question about a plan to move to NASDAQ. Albert was quoted saying that there should always be plans to go upstream, step-by-step inch by inch and that the entire board has that vision. He mentioned that wealth can be created through this company.
- Albert mentioned that they were pretty big plans and follow what we are doing, when somebody asked about predictions.
- When I asked again about the reverse split I’ll be said he took a lot of consideration to his shareholders
- The question was asked as to win the ninepointto benefit will show up, Albie stated it will show up after the reverse split is approved and after OTCQB approval
- Our shares will be distributed into our accounts via transfer agent
- It was mentioned that there is a contingency plan if the 4000 to 1 is not approved by FINRA
- Joe, the compliance officer stated that there can be no copy of this phone call distributed if you missed it.
- It was clarified that the 9.2 benefit will have half the shares held for six months and the other half shares held for 12 months. All other 4001 shares will be tradable
- It was mentioned that the 9.2 is subject to change based on the 80/20 LVxI- GeoCommand split
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- That is about it of importance. I did not proofread this, tried my best here to take notes and absorb
