Replies to post #173 on 12 Retech Corp (fka RETC)

[leprechaunGOLD]

Nice agree . I have a buy order in for 50K for this morning and will add if it starts to climb . would love to see it hit .60-.90 soon 1000% gainer. Major bounce!

[Rob~daBanca]

$RETC 8-K out this morning

https://www.sec.gov/Archives/edgar/data/1627611/000107878217001044/8k080117_8k.htm

ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On July 31, 2017, 12 Retech Corporation, a Nevada corporation (the “Company” or “RETC”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with 12 Japan Limited, a corporation duly formed and validly existing under the laws of Japan (“12 Japan”), and the Shareholders of 12 Japan (the “12 Japan Shareholders”). Pursuant to the Share Exchange Agreement, the Company will acquire One Hundred One Thousand (101,000) shares of 12 Japan, representing 100% of the issued and outstanding equity of 12 Japan, from the 12 Japan shareholders and in exchange the Company shall issue to 12 Japan: (i) Five Million (5,000,000) shares of RETC Common Stock; and, (ii) Five Hundred Thousand (500,000) shares of RETC Series A Preferred Stock. As a result of the Share Exchange Agreement, 12 Japan shall become a wholly-owned subsidiary of the Company. The Share Exchange Agreement contains customary representations and warranties. Additionally, the Share Exchange Agreement required that concurrently with closing the Company’s management facilitate: (i) the cancellation of Five Million (5,000,000) of RETC Common Stock currently beneficially owned by the Company’s officers and directors; and, (ii) the cancellation of Five Hundred Thousand (500,000) of RETC Series A Preferred Stock currently beneficially owned by the Company’s officers and directors. Collectively, such shares shall be cancelled and returned to the Company’s treasury.

[crudeoil24]

Nice! The CEO is standup guy. Looks like positive catalysts over last six weeks are now taking RETC back up to dollars.