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Thursday, January 26, 2023 7:55:18 PM
I have one question re. the name change and it's a very simple one.
Does the commitment NEVER to execute a Reverse Split of the shares of Tautachrome Inc. also apply to ARtelligence Group Inc.?
Assuming (as I do) that this name change is (amongst other things) a calculated ploy (sorry Strategic initiative) aimed at dispensing with any C-Suite commitments made in favour of TTCM, I'd envisage a scenario akin to the following:
One of the first corporate actions post the name change, will be to execute a RS on the new Entity's shares in order to get the price to a level where they may rapidly qualify for uplisting to a higher tier on the OTC ladder such as OTCQB (assuming they can fulfill other qualifications and that's no gimme). That's pure guesswork, but if they wanted to do that now and provide some wriggle room in case of a pullback, Bear raid, or short-seller attack post the RS, they'd need to be looking at a price of around $0.02ps (which would allow a 50% depreciation in price and still remain compliant. with the min bid price of $0.01ps. 30 days prior to uplist). That makes a RS of min 35/1 highly likely (I'd say more).
In any event, I can tell y'all categorically that if DLM et al stick to their prior commitment that there will be no RS, then that would be utterly foolhardy as one would hope he will have learned by now, that in Management, you never make a promise never to do something (really the idiom never say never wholeheartedly applies here) and I fully expect a substantial RS to occur in short order.
If there's one thing a ploy (sorry Strategy) like changing the company name allows for, it's a complete reset of all former promises made, without making the promiser look like they reneged on any commitments.
I'll accept that this is a rhetorical question that is likely to go unanswered until an 8K drops announcing the proposal.
So, nice job on the name change boys!
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