work-n-hard
18 hours ago
Thanks G. I have never understood why pointing out provable facts is consider bashing?
On this, or any other board, my goal is to balance out post that only show the positives, with what is known as a negative and is provable.
It's not hard for any company to be cash flow positive, since even the money that is brought into the coffers from loans or convertible notes is shown as positive cash inflow.
I just want folks, especially those who are thinking about buying, to get an adequate picture and not be swayed by someone who is already a shareholder and COULD have a motive to leave out the negatives.
Example: The convertible notes taken out during the last Q. (Can't say what will be added in the next Q?)
Page 21
https://www.otcmarkets.com/filing/html?id=17550866&guid=mNO-kp_nQET6Jth
work-n-hard
20 hours ago
While looking for something else, I found this, which may apply to "delay" comment?
As a result, after September 28, 2021 it may be much more difficult to trade these securities, as quotes and market liquidity may be limited.
This may limit your ability to open (buy) or close (sell) positions in these securities and you may not be able to trade at a price that you believe reflects the security’s current market value.
(Scroll down to SEC rule change effecting OTC securities:)
https://www.questrade.com/learning/investment-concepts/stocks-201/risks-of-trading-otc-securities#sec-rule-change-affecting-otc-securities
work-n-hard
21 hours ago
Not an atty., but seems these 2 sections from their agreement ?COULD? be an issue, if Trill. wants to push the issue.
Page 12: 4.8 ABSENCE OF LITIGATION AND/OR REGULATORY PROCEEDINGS. Except as set forth in the SEC Documents, there is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of Company or any of its Subsidiaries, threatened against or affecting the Company, the Common Stock or any of the Company’s Subsidiaries or any of the Company’s or the Company’s Subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a Material Adverse Effect.
Page 16: 5.2 REPORTING STATUS. Until one of the following occurs, the Company shall file all reports required to be filed with the SEC pursuant to the 1934 Act, and the Company shall not terminate its status, or take an action or fail to take any action, which would terminate its status as a reporting company under the 1934 Act: (i) this Agreement terminates pursuant to Section 8 and the Investor has the right to sell all of the Securities without restrictions pursuant to Rule 144 promulgated under the 1933 Act, or such other exemption, or (ii) the date on which the Investor has sold all the Securities and this Agreement has been terminated pursuant to Section 8.
https://www.sec.gov/Archives/edgar/data/1624517/000182912624003823/yuenglings_ex10-1.htm
Not to mention that 15-12G
Page 21: SUSPENSION
This Agreement shall be suspended upon any of the following events, and shall remain suspended until such event is rectified:
i. The trading of the Common Stock is suspended by the SEC, the Principal Market or FINRA for a period of two (2) consecutive Trading Days during the Open Period;
ii. The Common Stock ceases to be quoted, listed or traded on the Principal Market or the Registration Statement is no longer effective (except as permitted hereunder);
iii. The Company breaches representation, warranty, covenant or other such term;
iv. The Company files, threatens or is compelled into Bankruptcy or insolvency; or
v. The Common Stock is no longer DWAC eligible.
vi. Immediately upon the occurrence of one of the above-described events, the Company shall send written notice of such event to the Investor.
work-n-hard
23 hours ago
If you have a PACER acct., read up on their Lawsuit against the old Red Gear partners.
When I first looked at this, there was not much to view, but months later it looks like a real Cluster XXXX.
The old partners have been trying to hijack their old business and have now counter sued Reachout. (Changing Passwords and screwing with legacy clients.)
The next hearing isn't until Aug. 27th, so it doesn't look like it will get resolved in the near term. (JMO)
(Case No. 1:24-cv-03408) in the United States District Court for the Northern District of Illinois
PS: I had an issue trying to go the direct route, which was to access it through that particular district court. But when I went through the All Courts search, it took me right to it. It seemed to me, that the N. District of Ill. site didn't function correctly.
SF971
2 days ago
“Absolutely.
Nothing to do with the audit in the slightest. The audit delays are a complex transaction adding on an acquisition that kept very little records. These remarks are from a former employee who was terminated. In my opinion, this was retaliatory, and was voluntarily submitted (not subpoenaed). That should say something right there. Unfortunately, the RedGear acquisition needed to be entirely audited to complete the YCRM audit. My team has at times been left with guesswork on what exactly will satisfy the auditors, gone days without response while they review, and piecemeal information together to reconstruct transactions from very sloppy accounting of the former owners.”