News Focus
News Focus
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LETSWIN2020

09/22/17 6:21 PM

#4384 RE: powerbattles #4380

Dark means lights turned off or about to shut down by sec ?
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dtdude

09/22/17 6:21 PM

#4385 RE: powerbattles #4380

If something is hidden behind closed doors and those doors are blocking us from seeing the financials, then that's a pretty terrible sign. You want companies to be transparent, not hiding things "behind closed doors." They need to fix their reporting asap. Every investor on here should be emailing or calling them asking them for an update and demanding as quick a turnaround as possible on the fins. If they're product is for real they won't have any issues getting a $100k loan to pay for it if they need it. Shareholders will gladly pay off the note.
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Captain Black Bob Blanco

09/22/17 6:28 PM

#4390 RE: powerbattles #4380

10 Billion Authorized?
On June 21, 2016, in connection with the approval of a financial proposal, our board of directors (the “ Board of Directors ”) approved the increase the number of authorized shares of common stock from two billion shares (2,000,000,000) to ten billion shares (10,000,000,000) shares, par value $0.001 per share.
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Cache

09/23/17 3:07 AM

#4532 RE: powerbattles #4380

The company didn't go dark (voluntary delisting and deregistration). They just became very delinquent with filings. There were no 8-k's because there were no material events to report. It was probably just a coincidence that the company received a notice from the SEC at around the same time they received the FDA clearance. Rather than file two 8-k's, they filed one disclosing both events. I don't think there's any hoodoo voodoo here. If they're trying to work with the SEC now, they need to comply with the rules. Disclosing two material events via an 8-k was the first step. Now we wait to see what their next steps are.