Q1 business update from their website, added this morning 4/9!! Finally some news from the NFTM team. They claim to be opening with at least a $100MM market cap in June! However, reading their update below, they talk about a split? No reference to size or scope. Not sure why a r/s would be needed, given the perfect share structure. They also discuss having sent the necessary paperwork to OTC markets and Finra…
04/09/2022
Q1 UPDATE
Hi all We have just completed a really busy Q1 2022 and have an even busier Q2 lies ahead as we push forward with operational activities and the reverse take-over to list NFTM in June 2022. Exciting times. Market We have now completed the following actions Q4 2021 Completed Court custodian documentation and release Board resolutions appointing the new board and releasing the old board Board resolutions confirming name change, stock holdings and application to OTC markets Application to OTC markets IQ service Acceptance into IQ 2020 and 2021 annual and quarterly disclosures Q1 2022 Completed Filing the disclosures on OTCIQ Obtaining legal opinion and letter for the validity of the disclosures Q1 2022 disclosure prepared and filed April 2022 In progress Fully executed plan of exchange for the preference shares and the common stock Commencing a corporate action with FINRA for the stock split and name change Transfer Agent approvals The massive progress made during 2021 and Q1 2022 maintains the expectation of NFTM going live in June 2022 with a $100m Market Cap. Our advisers believe this could be significantly more as the NFT space is exploding. Operations Operationally we have agreed to expand the projects offering to include third party services for design, marketing, coding/dev and project consulting. Phase 1 of these additions have now commenced and have a sprint time frame of 3 months. This will allow The NFT Marketplace to be a true 'One Stop Shop' for anything NFT related. We have commenced discussions with several concierge service providers in London, Manchester and Marbella to design, produce and market their own NFT collections. This will provide significant PR for us. Our next collection of NFT's is currently being planned and we expect to announce the project next month with a launch party at the end of June in either Miami or Las Vegas. Next update at the beginning of May. Thank you for your contimued support. The NFT Marketplace Ltd
