Tdl9586
1日前
I just spoke to Patriot Glass this morning, they said the sale is postponed again till mid July because of auditing issues I assume a new 8k will be issued shortly
Patriot Glass Solutions (a subsidiary of San Antonio-based C-Bond Systems) is not independently profitable. It has faced significant financial challenges, resulting in corporate debt restructuring, and was recently acquired by Transportation and Logistics Systems, Inc. (TLSS) to avoid total operational disruption.Financial and Operational StatusRecent Acquisition: In April 2026, TLSS entered into an agreement to acquire a majority interest in Patriot Glass Solutions for $4.75 million.Prior Debt Forgiveness: In early 2025, Patriot underwent a debt forgiveness and foreclosure agreement with its parent company (C-Bond Systems) and creditors to restructure its balance sheet.Revenues & Contracts: Despite a lack of independent net profitability, the company has secured significant revenue streams, reporting a business backlog of $3.3 million heading into 2024 and winning large contracts such as a $400,000 installation at a Texas university.Business Model: The company acts as a distributor for security window films and is primarily utilized as a long-term safety technology investment for its new parent company rather than a profitable standalone entity today.
Tdl9586
2週前
This is from google Ai What do i do ? Jackpot Pls advise and pls do not dis me Holding 93 million shares of TLSS places you among the company's largest and most significant retail or micro-cap stakeholders. Given the stock's current trading level hovering around $0.0001 to $0.0002 per share, your position has an estimated market value of roughly $9,300 to $18,600.At this tier, your vote carries immense weight in deciding whether management can execute their pivot plan or if the company faces a structural bottleneck.1. Contextualizing Management's Current Pivot StrategyEvaluating TLSS's strategy requires looking directly at their massive operational shift. TLSS is moving away from purely low-margin commercial freight logistics and attempting to transform into a safety, security, and material technology firm:The Patriot Glass Solutions (PGS) Merger: TLSS entered an agreement to acquire an 80% ownership stake in Patriot Glass Solutions via a reverse triangular merger. The target closing timeline has been extended to July 1, 2026.The Core Asset Acquisition: The transaction value is set at $4.75 million, to be funded by issuing Series J Senior Convertible Preferred Stock. The crown jewels of this acquisition are four nanotechnology patents focused on C-Bond glass-strengthening applications.2. Why Management Urgently Needs the Reverse SplitTo complete the PGS merger and fund future growth, management needs a clean, flexible capital structure. Currently, they face two massive hurdles that a reverse split is designed to fix: +----------------------------------------+
¦ CURRENT OTC LEVEL: $0.0001 - $0.0002 ¦
+----------------------------------------+
¦
+-----------------------------------------------------+
? ?
+------------------------------------+ +------------------------------------+
¦ MERGER CAPTABLE PRESSURE ¦ ¦ AUTHORIZED SHARE CEILING ¦
+------------------------------------¦ +------------------------------------¦
¦ Paying $4.75M via preferred shares ¦ ¦ With billions of shares out, TLSS ¦
¦ that convert into common stock at ¦ ¦ hits its legal ceiling. It cannot ¦
¦ fractions of a penny requires a ¦ ¦ issue more common shares to raise ¦
¦ massive, unmanageable float. ¦ ¦ cash without a reverse split. ¦
+------------------------------------+ +------------------------------------+
3. The Dilemma for a 93-Million ShareholderAs a major holder, voting "Yes" or "No" on a reverse split presents a distinct set of trade-offs:If You Vote YES (Supporting Management)The Upside: You clear the path for the Patriot Glass Solutions acquisition to close. It allows the company to reduce its multi-billion share float down to a tighter, cleaner structure, making the stock more appealing to micro-cap funds.The Downside: Historically, micro-cap companies execute a reverse split to clean up the balance sheet, only to immediately issue new common stock to raise cash. This can lead to heavy dilution of existing shareholders shortly after the split takes effect.If Shareholders Vote NO (Blocking the Split)The Upside: Management is forced to stop diluting via traditional common stock issuance. Your 93 million shares will not be mathematically reduced in number.The Downside: Without the split or an increase in authorized shares, TLSS will likely run out of capital runway. They may be unable to close the PGS nanotechnology deal, severely damaging the company's turnaround narrative and leaving the stock stuck in the $0.0001 triple-zero range.4. Step-by-Step Strategic Framework For Your PositionCalculate Post-Split Share Count: If management proposes a 1-for-100 or 1-for-1,000 split, divide your 93,000,000 shares by that factor. Your percentage ownership stays identical on day one, but your total share count will decrease drastically.Review the Preferred Stock Terms: Because the PGS deal is funded via Series J Convertible Preferred Stock, check the conversion price in the upcoming proxy. If the preferred shares convert into common stock at a steep discount, it will dilute common shareholders.Monitor the July 1, 2026 Closing Deadline: Keep a close eye on press releases via the OTC Markets TLSS Portal. If the timeline is extended past July 1, it indicates due diligence or voting roadblocks.To refine your voting strategy, let me know:What is the exact ratio of the reverse split that management has proposed in your proxy materials?Do you want to evaluate the conversion metrics of the Series J Preferred shares to see how much dilution they might bring?Knowing this can help map out the exact post-split structure of your position.AI responses may include mistakes. For financial advice, consult a professional. Learn more5 sitesTransportation And Logistics Systems Stock ForecastJun 18, 2026 — No changes to the price of Transportation and Logistics Systems, stock on the last trading day (Thursday, 18th Jun 2026). During t...StockInvest.usTLSS Signs Agreement to Acquire Nanotechnology Patents ...Apr 7, 2026 — The closing of the transaction is expected to occur no later than June 1, 2026, ten (10) days after audited financials for PGS for...Yahoo FinanceTLSS extends timeline for Patriot Glass Solutions deal to July ...Jun 5, 2026 — Transportation and Logistics Systems amended its agreement to acquire an 80% stake in Patriot Glass Solutions, extending the trans...SahmShow all
AKAPAK
2週前
Main parts: R/S
Dear Stockholder:
The board of directors (the “Board”) of Transportation & Logistics Systems, Inc. (the “Company”, “we”, “us”, or “our”) is soliciting proxies to be used at a special meeting of stockholders (the “Special Meeting”), which will be held on Tuesday, August 11, 2026, at 10:00 a.m. Eastern Time. The Special Meeting will be conducted virtually via live webcast. To attend the Special Meeting, you must register in advance at register.proxypush.com/TLSS. The Special Meeting is being held for the following purposes:
(1) To approve an amendment to the Company’s Amended and Restated Articles of Incorporation, as amended, to effect a reverse stock split of the Company’s issued and outstanding shares of common stock at a ratio of 5,000-for-1 (the “Reverse Stock Split”); and
(2) To approve an adjournment of the Special Meeting from time to time, to a later date or dates, if necessary or appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposal in the event the Company does not receive the requisite stockholder vote to approve such proposal or to establish a quorum.
The foregoing items of business are more fully described in the proxy statement accompanying this notice or made available over the Internet.
Your attention is directed to the attached proxy statement accompanying this Notice for a more complete statement of matters to be considered at the Special Meeting.
The Board has fixed the close of business on June 11, 2026 as the record date (the “Record Date”) for a determination of stockholders entitled to notice of, and to vote at, the Special Meeting or any adjournment or postponement thereof. Only stockholders of record at the close of business on June 11, 2026 are entitled to notice and to vote at the Special Meeting and any adjournment or postponement thereof.