Monday, January 08, 2024 10:19:12 AM
On Nov.7th, 2023 ReachOut Technologies reversed merged into Yuengling Ice cream company. See the Nov, 13th 8K below.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001624517/000168316823007891/yuenglings_8k.htm
On Nov 8th, 2023 the officers and directors of Yuengling Ice Cream resigned and Rick Jordan his officers and directors took control of the company.
See the 8K below.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001624517/000168316823008209/yuenglings_8k.htm
The OTC lists YCRM as a shell. Many times it’s cheaper for a company looking to go public to buy a clean shell vs going through the expense and time doing a IPO.
https://www.otcmarkets.com/stock/YCRM/profile
As we can see from the chart the SP jumped in 9/2023 on a deal with PickleJar Holdings to reverse merge into YCRM. That deal was terminated on Nov 6th, 2023 and the SP crashed. Since then SP has been climbing.
https://www.otcmarkets.com/stock/YCRM/overview
Who is Rick Jordan and ReachOut Technologies? The next links explain who Rick Jordan and ReachOut Technologies are and who the officers and BOD are.
https://reachoutit.com/
https://www.rickjordan.tv/
The company has 12K likes and followers on Facebook Book
https://www.facebook.com/reachoutit/
Linkedin profile
https://www.linkedin.com/company/reachoutit/
Acquisitions
Sept, 2023 ReachOut acquires IND Corp for 6.6M putting ReachOuts value to 30-40M.
https://www.crunchbase.com/acquisition/reachout-technology-acquires-ind-corporation-2--969fde3d
https://bitcoin.einnews.com/amp/pr_news/592911850/cybersecurity-industry-leader-reachout-technology-closes-on-first-successful-acquisition-value-soars-to-30-40m
Nov. 2023 ReachOut acquires RedGear LLC.
https://www.kget.com/business/press-releases/ein-presswire/665447179/reachout-technology-acquires-redgear-llc-bolstering-its-service-offerings/
Initial shareholder newsletter
https://www.news10.com/business/press-releases/ein-presswire/678691200/reachout-technology-inaugural-letter-to-shareholders-otc-ycrm-yuenglings/
Highlights from the IND Corp. acquisition
“The team is actively acquiring MSPs with up to $5M in annual revenue in target markets such as Florida, Texas, California, and homebase Chicago.”
“Jordan’s bold vision is offering investors the opportunity of a lifetime to become part of this revolution, and acquired team members to advance their careers while transforming their lives. Investors and sellers who are jumping on board now look forward to the company’s liquidity event and next phase where ReachOut intends to list on NASDAQ.”
“This first successful MSP acquisition is just the beginning. ReachOut is on a mission to become the premier MSP in North America by acquiring over 40+ more MSPs over the next two years, allowing them to gain market share and deliver the most comprehensive cyber security and IT services to businesses of all sizes nationwide, and eventually, everyday consumers.”
Share Structure
With a market value 30-40M and run rate of 10M that’s known now the market cap is only 4M
The AS is high at 2.5B but the OS is low for a OTC stock @ 350M
https://www.otcmarkets.com/stock/YCRM/security
In the upcoming weeks, I expect to see additional news releases and a ticker symbol change in Q1 outside Q2.
This is not a squeeze play or 5 bagger in 2 weeks stock.
I believe the potential is huge as an investment. An aspiration of the NAS is great but IMO that won’t happen for 2 perhaps more years. When it does though getting in at 1 penny could be some good profits.
Keep track of the stock
https://stockcharts.com/h-sc/ui?s=ycrm
Buy sell or hold should always be made based on one's own due diligence. The only person looking out for your money is you.
Recent YCRM News
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 05/21/2024 08:53:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 09:23:14 PM
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