StockLogistics
3年前
Curren Assets less than Current liabilities as of September 30
September 30,
2021 June 30,
2021
Assets
Current Assets
Cash $ 4,099 $ 7,350
Total Current Assets 4,099 7,350
Other assets 115,000 115,000
Patent costs 39,181 39,181
Total Assets $ 158,280 $ 161,531
Liabilities and Stockholders’ Deficit
Current Liabilities
Accounts payable and accrued expenses $ 16,393 $ 14,528
Advances from related parties 38,022 $ 16,241
Common stock payable 233,117 217,784
Total Current Liabilities 287,532 248,553
https://www.otcmarkets.com/filing/html?id=15355642&guid=o9SwkFk04lw-B3h
Has a nice low float and a cool ticker symbol, just needs a tangible product to promote
StockLogistics
3年前
R/S and dilution:
“The Company has an agreement with certain investors to convert their investment into common stock of the Company at a price equal to the average value of the stock over the previous Nine months. The conversion is contingent on the Company effectuating a 1-for-100 reverse stock split and upon a change in the Company’s name. As of March 31, 2021, and June 30, 2020, the Company has received a total of $217,784 and $242,715 respectively.
On August 20, 2020, certain investors agreed to accept 25,000,000 shares at an average price of approximately $0.001 in exchange for $24,931 of previously paid subscriptions.“
From latest 10-Q.
StockLogistics
3年前
10-Q filed
“ Liquidity and Going Concern
The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company had a net loss of $37,656 for the year ended June 30, 2020 and $93,415 for the Nine months ended March 31, 2021. The Company has an accumulated deficit of $9,209,111 and a stockholders’ deficit of $29,070 as of March 31, 2021 and used $90,521 in cash flow from operating activities for the nine months ended March 31, 2021.
Management believes these conditions raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date these financial statements were issued. The ability to continue as a going concern is dependent upon profitable future operations, positive cash flows, and additional financing.
Management intends to raise money through investors as needed to support its working capital needs.. Currently the Company intends to raise capital from its existing shareholders and from the possible sale of a minority interest in its subsidiaries. Management cannot provide any assurances that the Company will be successful in completing these undertakings and accomplishing any of its plans.”
“ The Company has an agreement with certain investors to convert their investment into common stock of the Company at a price equal to the average value of the stock over the previous Nine months. The conversion is contingent on the Company effectuating a 1-for-100 reverse stock split and upon a change in the Company’s name. As of March 31, 2021, and June 30, 2020, the Company has received a total of $217,784 and $242,715 respectively.
On August 20, 2020, certain investors agreed to accept 25,000,000 shares at an average price of approximately $0.001 in exchange for $24,931 of previously paid subscriptions.
These events are subject to clearance with the Financial Industry Regulatory Authority (“FINRA”) which previously declined to approve our application. We believe FINRA did so because we had previously failed to file required reports with the Securities and Exchange Commission (the “SEC”), which subsequently revoked our registration under the Securities Exchange Act of 1934 (the “Exchange Act”). Our delinquency occurred under prior management with a different business model. The failures to file resulted from a lack of capital to pay professionals.
We have again registered with the SEC under the Exchange Act through our effective Form 10. On June 10, 2021, we filed a new application with FINRA. We cannot assure you FINRA will grant our application.”
“ Cash flows from financing activities for the nine months ended March 31, 2021 were $153,830 compared to $23,402 for the nine months ended March 31, 2020.
We have approximately $30,307.40 in available cash as of June 11, 2021 and for the past two years we have been relying on loans from our current investors and related parties and proceeds from sales of our common stock to fund our operations. As reflected in the Financial Statements contained elsewhere in this Report, management has expressed substantial doubt about our ability to continue as a going concern for the next 12 months from the date these Financial Statements were issued, unless we can raise the required capital or generate material revenue to fund our operations.
We do not have sufficient capital to support our operations for the next 12 months and will dependent upon on the proceeds from a financing, which may consist of sales of our common stock, the issuance of debt securities and/or issuance of securities convertible into shares of our common stock, any of which could have a dilutive effect on our existing shareholders. We intend to raise capital from existing investors or from the sale of a minority interest in our subsidiaries if and to the extent possible. We estimate that we will need to raise at least $1,000,000 in order to meet our working capital needs for the next 12 months. We plan to phase in our expenses and grow our business as working capital is available.”
https://www.otcmarkets.com/filing/html?id=15040635&guid=whSUkn8hn_Sqcth
threewheeler
3年前
GHST SECURITY DETAILS
Share Structure
Market Cap Market Cap
2,619,540
06/02/2021
Authorized Shares
700,000,000
06/01/2021
Outstanding Shares
523,908,071
06/01/2021
Restricted
337,333,602
06/01/2021
Unrestricted
186,574,469
06/01/2021
Held at DTC
116,515,054
06/01/2021
dazetrader
4年前
In 2019, FINRA declined to process a 1-for-100 reverse stock split of our outstanding common stock because we did not maintain current public information. This action was taken by FINRA based on perceived deficiencies under FINRA Rule 6490, which is based on SEC Rule 10b-17 and is designed to prevent fraudulent and deceptive practices in connection with certain corporate actions including a reverse stock split. A primary reason for our filing this Form 10 is to comply with these rules and effect the reverse stock split, as well as having the ability to take such other action in the future as may be needed and to have access to the U.S. capital markets. There can be no assurance that this Form 10 will be sufficient for FINRA to process a reverse stock split or allow us to take other action in the future, including such actions as may be necessary to conduct a financing on favorable terms or at all. If this were to occur with respect to actions currently contemplated or that we may in the future determine to undertake, it could have a material adverse effect on our Company. SEC FORM 10 FILING AS OF 04/21/21