Friday, April 23, 2021 9:53:34 AM
Bell Buckle is not an SEC reporting entity, so no need to upload disclosures to both. If you review all of the tickers that have had Caveats removed, you'll see they are either SEC reporters or OTC reporters. For example, see JZZI and SNTX.
Further, a few more things:
1. We have caused Bell Buckle Holdings to do everything in its power to have the Caveat removed. We reninstated the corporation in Florida, produced audited financials for the required years and restructured the management to include two independent Board of Directors members to ensure proper oversight of the entity going forward.
2. We have partnered, via contract, with an established debt buying company, Xcelerated Revenue, to procure, aggregate and manage a debt portfolio that will be placed with professional agencies and other consultants to collect them and generate cash flow and profits for Bell Buckle. It's a relatively untapped space in the public sector (especially the OTC) and we believe our model will result in significant asset creation and retention for Bell Buckle. In essence, we will acquire assets for pennies on the dollar, then work with the debtors subject those obligations to resolve them in a manner that benefits both them and our shareholders. We want to do well by doing good. We decided to commence this business organically within Bell Buckle instead of acquiring or merging with an existing entity. All of the elements associated therewith are in place and we'll commence as soon as the Caveat is removed.
3. The Board recently formalized the control of the company through issuance of preferred shares, which will be documented in our Q1 Y 2021 disclosure. This, along with the revenue we generated in March, should expeditiously result in the Caveat removal.
A press release is coming out any day now updating shareholders. Thank you again for your time, faith in us and your interest.
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