What a freaking criminal enterprise... they're loi their own created out of thin air corps. It's all inbred like a good scam should. Gave themselves almost two months to pump. They should have given it 5 months. Now they'll just keep printing 8K's with "SOON" all over them.
Name change at the end of this month? Warning warning will robinson.... r/s immanent.
Item 1.01. Entry into a Material Definitive Agreement.
General
Entrex Carbon Market, Inc (fka UHF Logistics Group, Inc) is pleased to announce the execution of two Letters of Intents (LOIs) to acquire various assets of the Carbon Market Exchange. These LOIs are anticipated to close pursuant to acceptable due-diligence and associated terms by June 30, 2024.
The initial Letter of Intent offers to acquire $470 million of anticipated revenue and $250 million of anticipated net income from various carbon offset projects owned by the Carbon Market Exchange. These projects shall be managed by an Entrex Carbon Market wholly owned NewCo pursuant to terms and conditions of the entity. Each project within NewCo will issue four tradable securities: Project Equity, Project Junior Debt, Project Senior Debt and Project Product being Entrex s institutionalized compliance-grade carbon offsets. Profits from the various projects accepted into NewCo shall be distributed pursuant to individual terms of each project.
Each compliant project, which meets associated terms and conditions, is expected to receive 10% equity from the Entrex Carbon Revenue Index fund along with 15% Junior Equity for the project. Using this capital structure would provide projects a Senior lender 75% of the project cost with a priority lien offering a 3-1 leverage ratio.
The second Letter of Intent offers to acquire, pending due-diligence and associated terms, a series of Crypto products which could offers a second distribution methodology away from Entrex s traditional DTCC settlement trading methodologies. This LOI also is anticipated to close 06/30/2024.
Further information on the structure of NewCo and Crypto trading methodologies shall be forthcoming. Additional information may be available via OTCIQ once FINRA approves the name and symbol changed anticipated before the end of May 2024.