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Re: Senylover post# 2840

Friday, 06/25/2021 10:36:07 PM

Friday, June 25, 2021 10:36:07 PM

Post# of 3764
I've been following Moody/Denunzio for awhile and from the filings the majority of the shares whether it be 200 million or three or 400 million are transferred to flint consulting are for the purpose of sole voting power and decision making in the process of cleaning up the old company. Once the company is ready for merger, ticker, and name change the shares are returned to the treasury and are traded on a basis of one for one shares of the new company thus making the merger possible. The share structure is unchanged, you have same exact shares in the new company with same share structure.
Most of Moody/Denunzio stocks go through a three change process (from what I've seen) using a preliminary company as the first merger in the cleanup process. FTRK is on its second name change and waiting for final merger, new company, ticker and name change. It's getting close. Don't worry about the large share transfers, it's only for voting power and decision making to avoid a proxy vote on every step and to streamline the process. The shares are always returned to the treasury in the final step. Hands down Moody/Denunzio custodial plays are the best and extremely profitable if you are patient and hold. Imo