HJ72
3 weeks ago
Yeah we’ll see, maybe you’ll see one tick up ? If you have hundreds of millions at .0001 that’s could be a decent profit. But 99.999% chance it will be another Windows 11 ELD, Ai Pet tracker, MLoan, the problem is everyone knows he’s a liar and a fraudster and will say anything and do nothing. Don’t think an app will unfold defrauding shareholders, there’s too many good stock out there to waste money and time on a fraud CEO who main objective it to scams his shareholders.
work-n-hard
3 weeks ago
Any issued, but restricted shares, should already be accounted for, in the number of OS shares, right?
But I do remember another possible issue.
I think there were 1M Convertible Preferred B shares, that can be converted into 1,000 Common Shares each.
Since those B's were issued, that means he has to keep 1B shares available in the Authorized Commons, that he cannot issue, much less sell. 🤔
work-n-hard
3 weeks ago
I respectfully disagree, with the notion that he will/can effect a R/S or raise the AS's without getting current with Nv.
I've notice many other tickers be in this situation and none of them filed anything, while it still showed them as being in Default.
They always showed Active, when those filings were posted.
Think about this: You are in Default and owe us money, but please continue to utilize out system to carry on business as usual???
And as far as how much it cost to become Active, how great or little the cost, I still don't see a company in this situation spending that money before they really have to. Looks to me, that without selling more shares, they were basically Broke.
But all that said, he still had/has AS's to sell, so he had no real need to update Nv., but now, maybe the need is there.
Anyway, we'll see what happens, but I think before anything else gets posted, he will need to reattain Active Status.
work-n-hard
3 weeks ago
Firstly, there is also a Penalty for filing late, although they do not state what the penalty is.
" .....can't modify the SS "?
I would think that at the very lest, it's just common sense, that if you let your license go into Default, that they are not going to let you post a filing. 🤔
But also, the state of Nv. says you have to.
FAQ:
I have filed my Articles of Incorporation. When must I file my Initial List of Officers and pay the State Business License fee?
A corporation shall at the time of filing the articles of incorporation file a list on a form furnished by the Secretary of State containing the names of the Officers and Directors (or equivalent thereof) and addresses (residence or business). An entity required to file an initial (or annual list) with the Secretary of State pursuant to this title, the person must obtain the state business license at the time of filing the initial or annual list.
work-n-hard
3 weeks ago
I'm afraid I didn't give explain far enough, why I said what I did.
I understand what is going on with Nv., the reason I brought up the R/S was, like many sharesellers, I've noticed that they will update their OS count on OTC, just before they start selling again. In this case, he updated on 04-01-24.
Authorized Shares 2,996,000,000 Outstanding Shares 2,304,256,643
ASSUMING that is what is going on here, that is why we saw 374,891,671. shares dumped yesterday.
That alone would put the OS at 2,679,148,314. We'll see if there is more today. Regardless, that is putting it close to the maximum of the AS's.
All that said, I figure that at least, some of that money will go towards updating Nv. He would need to do that before he can then file a R/S.
Of course, he could just raise the AS's, but I'm not expecting that because, with the exception of whatever arrangement was made yesterday, he was having a hard time selling, on a day by day basis.
All Just My Opinion.
PS: I figure that if he sold those shares at half of .0001, he would have only netted 18-20K dollars yesterday. SMH