Any foreign-based company that trades public on a United States exchange has to abide by all SEC rules. There corporate documents must be written in perfect English with no glitches. Because it is the Securities and Exchange Commission that ultimately oversees and enforces it's rules, regulations and policies.
So, TRDX ( thank God we will now be able to just say "TRDX" instead of all of these long ass Chinese named companies), will have to communicate with and issue 100% English written press releases and corporate filings.
4 months I have been so sick and tired of reading and attempting to translate from Chinese into English. It has been quite a disheartening task making due diligence extremely tedious with so much room open for interpretation.
But their latest LINE update was extremely clear. And we have been 100% completely on point when it comes to this being the company that is reverse merging into our ticker symbol. Think about it, what are the odds that we have been following this group of Asian management from the moment their names were listed on their Nevada SOS website, confirmation that their business address was the exact business address of Wistek, a sub of DaZhen LongDin, and we pieced together that they were a 30yr old Taiwan based tech co whose main focus has been on 5G. David Lazar sold these guys the 1.1B share control block over a month ago and we've family identified decision company as our Suitor in the RM and what the Chinese are incorrectly referring to as an "IPO". This is not an initial public offering, not unless they are in fact going to be issuing new stock to their existing private shareholder base as well as new stock to brand new investors. Either way, the stock would have to be fair valued at what this 30 year old company is worth including net assets, cash on hand, paid up capital of over 77 million dollars end d millions of dollars in revenues generated. Clearly this has to be worth more than $0.01 a share so most of us have been holding on based upon the above facts.
I hope I explained everything clear enough. I've noticed that the majority of people that post on this forum, only post a couple of sentences. Outside of floridany & myself, there aren't too many that attempt to make this clear and concise especially to the newer people that are just coming on board. So I hope this post and the few I wrote prior to this one helps clear up some issues.
The Perfect Storm is upon us and we are literally just 9 hours away from when they begin to hold their seminar to discuss 5G, other high-tech as well as the reverse merger into the TRDX shell.
What if there is a large turnout at this seminar of several hundred people and they all want a piece of this publicly traded company. They will realize the stock is presently trading below $0.01 a share. I would imagine they will begin to trip over themselves to obtain shares on the public market. This is the reason I took such a heavy position here and I would imagine it's the reason why most of you are here as well.
Good luck traders and investors of TRDX
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