Replies to post #73626 on Triple 000 and Sub-penny Chart Plays
08/26/2015 @ 10:01AM
SCHEDULE 14C
on or about August 24, 2015, a Stockholder holding a majority voting rights on matters submitted to the holders of our Common Stock (the “Majority Stockholder”) approved a reverse split at a ratio of one (1) for one thousand two hundred and fifty (1,250) shares, (1-for-1,250) of the Company’s common stock
On August 24, 2015, we submitted an Issuer Company-Related Action Notification Form to the Financial Industry Regulatory Authority (“FINRA”) notifying it of the Reverse Split. The Reverse Split will not become effective (the “Effective Date”) until after approval by FINRA and not prior to a date which is twenty (20) calendar days after this Information Statement is first provided to Stockholders. The Information Statement is being provided to Stockholders of record on the Record Date. The entire cost of furnishing this Information Statement will be borne by the Company. We will file a subsequent Current Report on Form 8-K upon receipt of FINRA’s approval of the Reverse Split, which will confirm the Effective Date.
Nano Labs has signed an agreement to produce
Pol-Ec Tecnosoil. The Tecnosoil when applied to sand, earth or clay turns the surface to durable cement.
Pol-Ec Tecnosoil can be used to build cement roads
without the use of aggregates or concrete. This process
reduces infrastructure cost substantially. For example,
a client would be able to complete a driveway of 10ft. by 20ft. with only 4 gallons of product!
Pol-Ec Tecnosoil
will be sold at major retailers such as:
Home Depot, Rona, Lowe's & Wal-Mart stores
for $199.99 per 4 gallons container.
Pol-Ec Tecnosoil has already established
a name for itself in the industry, as it has already
been used for the foundation & parking lot for a
Wal-Mart store from beach sand in Bahia, California.
Nano Labs
will globally distribute to the construction industry
through major retail box stores.
* Trade stocks that are inside a huge downtrend !
* In 90% of cases,
after a huge downtrend,
the penny stock is primed for a bounce.
Heavily Shorted Penny Stocks
are poised for BIG Short Squeezes!
Short Squeeze - What it is:
A Short Squeeze is a situation in which
a stock's price increase triggers a rush of buying activity
among short sellers.
A "Short Squeeze" occurs,
when the stock's price doesn't decline as anticipated.
Short sellers must buy stock
to close out their short positions
and cut their losses, which results in a further increase
in stock prices, which compel still more short sellers
to cover their positions.
* Trade stocks that are inside a huge downtrend !
* In 90% of cases,
after a huge downtrend,
the penny stock is primed for a bounce.
Heavily Shorted Penny Stocks
are poised for BIG Short Squeezes!
Short Squeeze - What it is:
A Short Squeeze is a situation in which
a stock's price increase triggers a rush of buying activity
among short sellers.
A "Short Squeeze" occurs,
when the stock's price doesn't decline as anticipated.
Short sellers must buy stock
to close out their short positions
and cut their losses, which results in a further increase
in stock prices, which compel still more short sellers
to cover their positions.
CTLE Appears on the Radar Again
by Borislav Tonev
September 4, 2015
http://www.hotstocked.com/article/91254/nano-labs-corp-otcmkts-ctle-appears-on-the-radar.html
Quarterly report:
•cash: $11 thousand
•current assets: $116 thousand
•current liabilities: $4 million
•NO revenues since inception
•quarterly net loss: $909 thousand
During the nine months ended March 31,
CTLE converted about $302 thousand worth of notes
into 38 million shares
which means that five months ago,
the O/S count stood at around 250 million
while the amount owed under various convertible notes
hovered just over the $1 million mark.
We're still waiting for the annual report
for the period ended June 30
which means that we don't know how much convertible debt
is still outstanding.
What we do know is that last week,
the number of issued and outstanding shares
stood at nearly 950 million.
All in all, there's no shortage of problems.
Why, then, did investors jump in and push the ticker up
during the last two sessions?
Because some people appear to be convinced
that CTLE is about to drop some major news
which apparently involves Wal-Mart Stores, Inc.
(NYSE:WMT).
Quite what it's going to be is anyone's guess at the moment,
but it should be noted that the tweets and messages touting the “upcoming news” in themselves constitute
a rather big red flag.
Investing in rumor-propelled penny stocks is risky.
Investing in rumor-propelled penny stocks
that have as many problems as CTLE does
is riskier still.
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