$LEXG indicates new warrant prices 300% ($0.0021) & 400% ($0.0028) ABOVE today’s market price $0.0007

At the time of this news release today, LEXG has had a trading range of 0.0006 to 0.0009 with the VWAP of $0.00073 on 91,212,877 shares traded.  So in today’s PR when the company announced reducing conversion discount by 50% and in consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price!  So a simple calculation would suggest that the conversion prices are equal to $0.0021 (0.0007 x 300%) and $0.0028 (0.0007 x 400%).  What this tells me is that LEXG will need to trade at or above 0.0021 and 0.0028 in order for the debt holders to begin converting their debt into shares.  At today’s market price of $0.0007, I think that we are in for a good ride to the upside!  I have written about $LEXG in the past being a potential 10 bagger stock investment potential, and I still believe this to be true.

LEXG-daily-chart-08-07-2017

Here is the official PRESS RELEASE:

Lithium Exploration Group Announces 50% Reduction in Conversion Feature of Existing Debt Eliminating More Than Four Billion Shares of Dilution

Published: Aug 7, 2017 12:00 p.m. ET

PHOENIX, August 7, 2017 /PRNewswire via COMTEX/ — PHOENIX, August 7, 2017 /PRNewswire/

Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it has come to terms with two major debt holders to restructure all of their convertible notes, reducing conversion discount by 50%. In consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price. The collective view of the company and the debt holders is that Lithium Exploration Group is in a significantly better position than it has been in the past and the heavily dilutive terms of the debt were not sustainable for the company or its shareholders.

“This is exciting news and should show everyone the level of confidence that the debt holders have in the company’s current position,” commented CEO, Alex Walsh. “They have conceded a significant portion of their debt rights in return for warrants that produce a significant incentive to see long-term price appreciation in the LEXG security. This restructuring truly has all parties incentivized in the same direction and should show significant benefit to our existing shareholders for a long time to come.”

About Lithium Exploration Group

Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://www.lithiumexplorationgroup.com.

Safe Harbor Statement

This news release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact InfoShanon Chilson +1-480-641-4790 info@lithiumexplorationgroup.com

SOURCE Lithium Exploration Group Inc.

Copyright (C) 2017 PR Newswire. All rights reserved

http://www.marketwatch.com/story/lithium-exploration-group-announces-50-reduction-in-conversion-feature-of-existing-debt-eliminating-more-than-four-billion-shares-of-dilution-2017-08-07?siteid=nbsh

$NINK Nami Corp.: $1.1 Billion Market Cap That Is Worth Zero by @QuanFunds

$NINK stock chart daily 08-01-2017
$NINK market cap is over 1 billion dollars!

Summary

The company has no real business and zero listed assets.

The only company officer has no observable business experience.

Nami is worthless. But incredibly, is valued at over $1 billion.

Nami Corp. (OTCQB:NINK), previously known as Pack Fuerte, was founded in 2012 and is based in Las Vegas, Nevada. Up until late 2016, the company was looking for backers to fund a business plan to produce a locked compartment inside backpacks and general luggage. The company’s latest business plan du jour is to acquire assets in the form of profitable companies throughout the Asian region. This is just vaporware, as the company has no money and just one manager with no relevant experience in acquiring assets or even running a company.

Mr. Ong Tee Keat has been Chairman, Chief Executive Officer, Secretary and Treasurer at Nami Corp. since December 2016. He served as Political Secretary to the then Housing and Local Government Minister, Datuk Lee Kim Sai, since 1986, and was a Member of the Parliament of Malaysia until 2013 (see here for more information). Prior to 1986, he was a mechanical engineer and wrote a column in a local Chinese newspaper. Mr. Keat may have been a credible political figure for most of his career, but his business experience is lacking, to say the least.

On October 31, 2016, Mr. Keat acquired 60.22% of the company’s shares from Bunloet Sriphanorm, constituting his entire position. Mr. Sriphanorm was the former majority owner of Pack Fuerte, and he subsequently resigned.

Read the full article on seekingalpha.com website

A quick #guide on how to avoid dilutive #pennystock companies.

From the perspective of a “long” position into this company, I’ve highlighted “red flags.”  The share structure as seen above, authorized shares and outstanding shares are very important to review.  In this case, the company has 1,000,000,000 shares authorized and only has 213,676,990 outstanding presently.  However, the company will be allowed to sell common shares, or pay off debts using company shares all the way up to the 1,000,000,000 authorized share amount; this company has a setup to dilute shareholders a lot, this is a major red flag if you’re looking at this company from the “long” side.  You can also use this information and know that if this company were to ever rise up to a share price that would be worth selling short, you would most likely want to short sell a company with such a dilutive share structure.

The company has also done a 1 for 40 reverse stock split, this is also very common practice for dilutive companies to do, which isn’t good for shareholders.

The next thing I will do is review recent SEC filings. Specifically the 10-Q and 10-K.  I https://www.otcmarkets.com/stock/VAPE/filings  I will compare a few 10-Q reports, the current quarter and the previous quarter before this and compare the outstanding share amounts, checking if there is a change in the outstanding share amount.  If the O/S amount is increasing from quarter to quarter, this means the company is potentially paying for services or compensation using common shares or warrants, etc.  I will search muse through the filings, looking for dilution warning signals such as “options” “warrants” “convertibles” “promissory notes” debt, is the company paying for services using common shares and/or convertible debentures – this is terrible for shareholders in the long run.  You’ll want to avoid these types of companies from the “long” side (but great for short side if the price is high enough).

For example:  For the quarterly period ended March 31, 2016, there was 366,873,168 outstanding shares. https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11407795

For the quarterly period ended June 30, 2016, there was 657,936,872 outstanding shares.https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12019939

So in the 3 month period the company issued 291,063,704 additional shares! HUGE RED FLAG

If you search those above 10-Q reports for the other dilution warning keywords that I mentioned earlier, you will see that VAPE has a lot of convertible notes payable, this will really hurt shareholders in the long run, you pretty much want to avoid companies like this from the long side, it’s like playing with fire, you’re going to get burned eventually.

$PABL is at risk of being permanently halted! Entity Status INACTIVE, REVOKED FOR ANNUAL REPORT.

$PABL 10-K (Annual Report) not updated since Dec-31-2012. SEC filings are very old, is it possible the SEC could permanently halt trading in this stock, due to the severe delinquency?https://www.otcmarkets.com/stock/PABL/filings

Parabel_INC entity Status INACTIVE, REVOKED FOR ANNUAL REPORT.

Parabel_INC entity Status INACTIVE, REVOKED FOR ANNUAL REPORT.

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=PARABEL%20F110000008411&aggregateId=forp-f11000000841-c0f511d9-f658-496b-9c2b-f5b28cba8c95&searchTerm=Parabel%20Inc.&listNameOrder=PARABEL%20F110000008411
Company History
Formerly=PetroAlgae Inc. until 4-2012
Formerly=Dover Glen, Inc. until 1-2009
Formerly=Voxel until 9-2008
Note=6-98 company filed petition under Chapter XI of the Federal Bankruptcy Code. Chapter XI case converted to Chapter 7 on 8-3-98 and all assets transferred to Chapter 7 Trustee in settlement of all outstanding corporate obligations. Case was closed on 5-14-02. The company is the successor company to the company that was in Chapter 7 bankruptcy and has been inactive since 8-3-98

PABL Security Details
Share Structure
Market Value1 $294,032,008 a/o May 01, 2017
Authorized Shares 300,000,000 a/o Dec 22, 2008
Outstanding Shares 106,920,730 a/o Aug 12, 2013
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 80,713 a/o Dec 22, 2008
Par Value 0.01
Transfer Agent(s)
Island Stock Transfer
Shareholders
Shareholders of Record 379 a/o Mar 30, 2012
Security Notes
Capital Change=shs decreased by 1 for 85 split. Pay date=09/24/2008.

 

Petroalgae: $1.8 Billion Market Cap With No Revenues

Jun. 1, 2011 7:51 AM ET|4 comments| About: Parabel Inc. $PABL, Includes: $AMFW $REFG $XOM

Petroalgae (PALG.PK) has a current market cap of $1.8B, net debt of $57M, total assets of only $4M, and last 12 months’ net loss of -$38M. Petroalgae has not generated any revenues since inception in 2006.

Management is well compensated. The CEO’s 2010 salary was $486k, and five other senior managers earned over $200k. Five senior officers also received an $11.4M accelerated stock vesting in the fourth quarter of 2010, although that was based on the current high stock valuation.

Petroalgae is developing a process to produce bio-fuels from algae and other micro-organisms. In open-pond bioreactors, the company or future licensees grow aquatic microorganisms at accelerated rates, enabling the production of two end-products: a fuel feedstock that can be used in refineries, and secondarily, a protein that can be added to animal or human food.

Biofuels have a lot of potential. It is a renewable energy source that is in ample supply. As fossil fuel supplies may diminish in the decades to come, biomass fuels (converting bio-waste to energy, or algae to energy) become more attractive.

Petroalgae’s stock hit an all-time high of $33 back in 2009, when Exxon Mobil (NYSE:XOM) announced that it would spend $600 million to study the feasibility of algae-based fuels, although none of those funds have been directed towards Petroalgae. Since then, Petroalgae has announced some corporate partners, most notably Foster Wheeler (FWLT), although monetization of these agreements have not yet occurred. In fact, one recent licensee, requested a refund of its $2M escrowed license fee, which was refunded in January 2011.

Read the full article here: https://seekingalpha.com/article/272698-petroalgae-1_8-billion-market-cap-with-no-revenues

$GREI From 8 employees down to 1 and other concerning items from the most recent 10-K.

The following excerpts are sourced from $GREI most recent 10-K SEC filing.

NOTE 3. GOING CONCERN – The Company is still in development stage and has not created sufficient revenue to cover any operating losses it may incur. Management’s plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and generating of revenue through our business. However, there can be no assurances the Company will be successful in its efforts to secure additional equity financing and obtaining sufficient revenue producing contracts. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

GREI-buyer-beware-OTCmarkets

As of March 30 , 2017, there were 126,740,708 shares of common stock, par value $.0001, outstanding.  With the last close price at $8.25, this makes the market cap $1,045,610,841 (1 billion dollars)

Above is GREI 1-year-daily-chart, 04-18-2017.

Our other administrative expenses for the year will consist primarily of transfer agent fees, bank and interest charges and general office expenses. The professional fees are related to our regulatory filings throughout the year and include legal, accounting and auditing fees. The equipment purchases and plant set-up are related to the materially definitive agreement with Jiangnan.

Based on our planned expenditures, we will require approximately $5,000,000 to proceed with our business plan over the next twelve months. If we secure less than the full amount of financing that we require, we will not be able to carry out our complete business plan and we will be forced to proceed with a scaled back business plan based on our available financial resources.

We intend to raise the balance of our cash requirements for the next twelve months pursuant to our agreement with Jiangnan by accessing upon request bank loans, bank guarantees and equity funding. Additionally, we may have private placements, shareholder loans or possibly a registered public offering (either self-underwritten or through a broker-dealer). If we are unsuccessful in raising enough money through such efforts, we may review other financing possibilities such as bank loans. At this time, other than our agreement with Jiangnan we do not have a commitment from any third-party to provide us with financing. There is no assurance that any financing will be available to us or if available, on terms that will be acceptable to us.

Even though we plan to raise capital through equity or debt financing, we believe that the latter may not be a viable alternative for funding our operations, as we do not have sufficient tangible assets to secure any such financing. We anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. At the close of 2016, we are considering financing arrangements for our common stock. However, the arrangements are not final and we cannot provide any assurance that we will be able to raise sufficient funds from the sale of our common stock to finance our operations. In the absence of such financing, we may be forced to abandon our business plan.

On December 31, 2016, management conducted an evaluation of the effectiveness of our internal control over financial reporting and found it to be not effective subsequent to filing our Annual Report on Form 10-K for the year ended December 31, 2016 with the Commission. Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Management has concluded that the Company’s internal controls over financial reporting are not effective. The material weaknesses identified relate to the lack of proper segregation of duties and the lack of sufficient qualified accounting and other finance personnel with an appropriate level of U.S. GAAP knowledge and experience. As we obtain additional funding and employ additional personnel, we will implement programs recommended by the Treadway Commission to remediate the material weaknesses.

Item 2. Description of Property.
The Company maintains an office at 4700 Homewood Court, Suite 100 in Raleigh, North Carolina, 27609 as its headquarters. It is currently in the process of scouting and researching locations for a facility in China. The North Carolina office is leased from Yilaime Corporation, a Nevada corporation doing business in North Carolina, and a related party to the Company. The North Carolina office consists of a 1000 square foot office space. It presently houses all eight employees of the Company and is being leased for $2,500 per month from Yilaime. The China location, once established, will serve as a manufacturing location. (Between Feb 13, 2017 to Apr 14 2017, the employee amount has changed from 8 employees to 1 employee.)
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11873632
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996256

Securities Authorized for Issuance Under Equity Compensation Plans
The Company agreed to issue Mr. Perkins, or his authorized designee, an option to purchase up to 5,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Employment Agreement, i.e. prior to 365 days after execution of the Employment Agreement, at a price of 1.5% per share of the closing price of the Company’s stock quoted on a major exchange or OTC Market one business day before purchase, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option are subject to all rights and lock-up restrictions set forth in the Employment Agreement.

Is $PSCR penny stock overpriced? (Formerly $YNXG Yanex Group, Inc.)

This is my opinion and brief attempt of trying to figure out what this penny stock company might be valued at.  When penny stocks are manipulated and promoted, it is very often quite difficult for the crowd to determine what their penny stock should actually be valued at.

Formerly YNXG (now PSCR) Yanex Group, INC. IPO price was $0.05 per share. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8010719

We have incurred losses since our inception. We rely upon the sale of our securities to fund our operations. We have not generated any revenues from November 18, 2010 (date of inception) to May 31, 2016.”

Michelle Rico (President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director) owns 90.77% of the outstanding shares.

“The Company’s primary source of revenue comes from the repair and rental of power wheelchairs and scooters.” 

Accordingly, on June 29, 2016, the Company entered into a Share Exchange Agreement (the “Share Exchange”) with Proto-Script Pharmaceuticals, Corp., a California corporation (“PSPC”), whereby the Company acquired 100% of the issued and outstanding common stock of PSPC, in exchange for Thirty Million (30,000,000) restricted shares of the Company’s common stock. Accordingly, PSPC became a wholly-owned subsidiary of the Company and the business direction of the Company has shifted to the business of PSPC.

It is my understanding that restricted shares usually have a 6-month period where the restricted shareholder is not allowed to sell those shares.  But after the 6-month period is over, ie. Dec 29 2016, those 30,000,000 shares are allowed to be sold in the open market.

“Stockholders’ Equity
9 Months Ended
Sep. 30, 2016
Equity [Abstract]

Stockholders’ Equity
Note 5 – Stockholders’ Equity
In connection with the reverse merger transaction described in Note 1, the Company issued 30,480,000 shares for net liabilities of $106,262. [It is my understanding that this would value those 30,480,000 shares at $0.0034 each]

The Company prior to the reverse merger made a distribution to its sole stockholder of $59,593. Also $83,987 was reclassified from retained earnings to additional paid in capital as a result of PSPCs S corporation status being terminated.

On October 13, 2016, the Company affected a 10 for 1 forward stock split. All share and per share information has been retroactively restated to reflect this forward stock split.”

https://www.sec.gov/cgi-bin/viewer?action=view&cik=1521420&accession_number=0001078782-17-000022&xbrl_type=v#

As you can see, $PSCR stock price has moved up from $0.021 to $2.19 in an extremely short amount of time.  Most people would agree with me that this isn’t natural, and something is going on behind the scenes, possibly a penny stock manipulation pump n’ dump scheme, etc.

 

PSCR-daily-chart

I’ve made bold some interesting items I found while reading through some of the $PSCR and $YNXG SEC filings.

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Stock Purchase Agreement

On July 15, 2015, Leonardo Correa Rodriguez, our sole officer and director (the “Seller”) and 2470992 Ontario, Inc. and 2470993 Ontario, Inc. (the “Purchasers”) entered into a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchaser purchased from the Seller, Two Million Five Hundred Seventy Eight Thousand (2,578,000) shares of common stock, par value $0.001 per share, of Yanex Group, Inc. (the “Company”), representing approximately 84.58% of the issued and outstanding shares of the Company (the “Shares”), for an aggregate purchase price of Twenty Five Thousand Dollars ($25,000) (the “Purchase Price”) paid by the Purchasers through the payment of certain outstanding expenses on behalf of the Company in the amount of the Purchase Price. Prior to the closing of the Stock Purchase Agreement, the Seller was our majority shareholder, President, Chief Executive Officer, Secretary, Treasurer, Chief Financial Officer, and member of the board of directors of the Company. 2470992 Ontario, Inc. is owned and controlled by Jason Abbott, and 2470993 Ontario, Inc. is owned and controlled by John Kim.

The foregoing description of the terms of the Stock Purchase Agreement is qualified in its entirety by reference to the provisions of the Stock Purchase Agreement filed as Exhibit 10.1 to this report, which is incorporated by reference herein.

Source: https://www.sec.gov/Archives/edgar/data/1521420/000151712615000165/form8k.htm

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Stock Purchase Agreement

On October 7, 2015, 2470992 Ontario, Inc. and 2470993 Ontario, Inc. (the “Sellers”) and Leonardo Correa Rodriguez (the Buyer) and entered into a stock purchase agreement (the Stock Purchase Agreement), whereby the Buyer purchased from the Sellers, Two Million Five Hundred Seventy Eight Thousand (2,578,000) shares of common stock, par value $0.001 per share, of Yanex Group, Inc. (the Company), representing approximately 84.58% of the issued and outstanding shares of the Company (the Shares), for an aggregate purchase price of $20,000.  Mr. Rodriquez was appointed as the Company’s President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and sole Director as of October 7, 2015.

Prior to the closing of the Stock Purchase Agreement, the Sellers were our majority shareholders. 2470992 Ontario, Inc. is owned and controlled by Jason Abbott, who was our President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and a Director prior to his resignation on October 7, 2015.  2470993 Ontario, Inc. is owned and controlled by John Kim, who was our Chief Financial Officer, Secretary, Treasurer, and Director prior to his resignation on October 7, 2015.

The foregoing description of the terms of the Stock Purchase Agreement is qualified in its entirety by reference to the provisions of the Stock Purchase Agreement filed as Exhibit 10.2 to this report, which is incorporated by reference herein.

Source: https://www.sec.gov/Archives/edgar/data/1521420/000151712615000227/form8k.htm

PROTO SCRIPT PHARMACEUTICAL CORP

FORM 10-K/A

(Amended Annual Report)

Filed 11/07/16 for the Period Ending 05/31/16

Overview

We were founded in the State of Nevada on November 18, 2010, as an early stage company operating within the concept architectural, interior design project and related areas in Germany initially. Our plan was to operate in various architectural fields and to be responsible for the concept architectural vision of future private and public buildings as well as municipal organized public areas. Also, we intended to work with interior design view, visualization and renderings. After attempting to implement our business plan, we have determined that it would be in the best interest of the Company and our shareholders to seek out and identify potential acquisition partners, joint ventures or other strategic alliances.

Accordingly, on June 29, 2016, the Company entered into a Share Exchange Agreement (the “Share Exchange”) with Proto-Script Pharmaceuticals, Corp., a California corporation (“PSPC”), whereby the Company acquired 100% of the issued and outstanding common stock of PSPC, in exchange for Thirty Million (30,000,000) restricted shares of the Company’s common stock. Accordingly, PSPC became a wholly-owned subsidiary of the Company and the business direction of the Company has shifted to the business of PSPC.

It is my understanding that restricted shares usually have a 6-month period where the restricted shareholder is not allowed to sell those shares.  But after the 6-month period, ie. Dec 29 2016, those 30,000,000 shares are allowed to be sold in the open market.

Said another way: Effective June 29, 2016, the Company and PSPC entered into a share exchange agreement whereby the Company acquired 100% of the issued and outstanding shares of common stock of PSPC, in exchange for 300,000,000 shares of the Company’s common stock. Upon completion of the transaction, the Company had an aggregate of 330,480,000 shares of common stock issued and outstanding. As a result of the share exchange agreement, PSPC is now a wholly owned subsidiary of the Company.

We are a development stage company. Our independent registered public accountant has issued an audit opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern. Our common stock trades on the OTC Pink Sheets under the symbol “YNXG”.

We do not have any subsidiaries. Our principal office is located at 9830 6th Street, Suite 103, Rancho Cucamonga, California 91730. Our telephone number is (855) 476-7679. Our fiscal year end is May 31.

We have incurred losses since our inception. We rely upon the sale of our securities to fund our operations. We have not generated any revenues from November 18, 2010 (date of inception) to May 31, 2016.

We are not involved in any bankruptcy, receivership or similar proceedings.

Who We Are:

The Company was incorporated under the laws of the State of California on June 27, 2001 under the name of Proto-Script Pharmaceuticals, Corp.

The Company’s primary source of revenue comes from the repair and rental of power wheelchairs and scooters. The Company deals with federal, state and private insurance providers such as Medicare, Medi-Cal, Nevada Care and Blue Cross among several others. PSPC has very limited dealings with non-insured cash patients. We have tangible assets comprised of company delivery vehicles, loaner wheelchairs, office equipment and furniture. Inventory is purchased on an as needed basis, typically when patients/customers are approved for coverage by their insurance provider. Intangible assets comprise of its current patient list and working relationships with the various insurance providers who refer their clients to us for their repair and rental needs.

Outstanding Equity Awards at Fiscal Year End

As of May 31, 2016, we did not have any unexercised stock options held by any of our shareholders.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth the ownership, as of August 17, 2016, of our common stock by each of our directors, and by all executive officers and directors as a group, and by each person known to us who is the beneficial owner of more than 5% of any class of our securities. As of August 17, 2016, there were 3,048,000 common shares issued and outstanding. All persons named have sole voting and investment power with respect to the shares, except as otherwise noted. The number of shares described below includes shares which the beneficial owner described has the right to acquire within 60 days of the date of this Annual Report.

Name and Address of Beneficial Owner Title of Class Amount &Nature of

Beneficial Ownership

(1)

Percent of Class

(%)(2)

Michelle Rico

9830 6th Street, Suite 103

Rancho Cucamonga, CA 91730

Common 30,000,000 90.77%
All Officers and Directors

as a Group (1)

90.77%
Leonardo Correa Rodriguez,

Hooft Graaflandstraat 21

VM Utrecht, Netherland 3525 (3)

Common 2,578,000 7.80%

 

(1)

Michelle Rico is our President CEO, CFO Secretary, Treasurer and a Director.

(2)

Calculated based on issued and outstanding shares of 33,048,000 as August 17, 2016.

(3)

As of June 29, 2016, Mr. Rodriguez resigned as an officer and director of the Company.

 

Source: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11670499

 

$SPYR stock quote (JOES) Quarterly Chart Data from 2009 to 2016

ZAKENI LIMITED v. SPYR, INC., Dist. Court, D. Delaware 2016

SPYR Inc: 100% Downside, Q3 Fundamentals And New Lawsuit Info Don’t Lie

 Quarter High Low Average
2009 Q1 0.015 0.005 0.01
2009 Q2 0.005 0.005 0.005
2009 Q3 0.015 0.008 0.0115
2009 Q4 0.01 0.01 0.01
2010 Q1 0.01 0.004 0.007
2010 Q2 0.0192 0.0075 0.01335
2010 Q3 0.02 0.005 0.0125
2010 Q4 0.015 0.01 0.0125
2011 Q1 0.014 0.005 0.0095
2011 Q2 0.0144 0.005 0.0097
2011 Q3 0.014 0.01 0.012
2011 Q4 0.014 0.0052 0.0096
2012 Q1 0.01 0.0052 0.0076
2012 Q2 0.01 0.003 0.0065
2012 Q3 0.01 0.0029 0.00645
2012 Q4 0.01 0.0047 0.00735
2013 Q1 0.01 0.01 0.01
2013 Q2 0.04 0.04 0.04
2013 Q3 0.04 0.03 0.035
2013 Q4 0.04 0.03 0.035
2014 Q1 0.35 0.03 0.19
2014 Q2 0.29 0.19 0.24
2014 Q3 0.23 0.13 0.18
2014 Q4 0.3 0.1 0.2
2015 Q1 0.74 0.17 0.455
2015 Q2 0.99 0.36 0.675
2015 Q3 0.57 0.18 0.375
2015 Q4 0.29 0.16 0.225
2016 Q1 0.215 0.13 0.1725
2016 Q2 0.46 0.12 0.29
2016 Q3 0.71 0.22 0.465
2016 Q4 0.67 0.41 0.54

$CATQ $FTWS buyer beware new pump and dump stock

In my opinion if I was holding this stock as a long term buy and hold in my portfolio, I would sell it right now!  This blog post contains some of my reasons and possible red flags.

On November 9, 2016, (CATQ) Cataca Resources, Inc. (the “Company”) received approval from FINRA for its previously announced name change to (FTWS) Flitways Technology Inc. The name change will take effect upon the open of business on November 10, 2016. The Company’s new symbol will be FTWS and the new CUSIP number will be 33972Q107. https://www.sec.gov/Archives/edgar/data/1582919/000106299316012106/form8k.htm

$FTWS daily chart from 11-11-2016
$FTWS daily chart from 11-11-2016

 

The above youtube video is exactly how this company will end up, begins with a slow steady climb upwards, and then a decimating crash at the end!

As per 8K filed on Nov-02-2016:

On October 27, 2016, Cataca Resources, Inc. (the “Company”) dismissed its independent registered public accounting firm, PLS CPAs (the “Former Accountant”). The Company’s decision to dismiss the Former Accountant was approved by its Board of Directors on October 27, 2016.
The report of the Former Accountant on the financial statements of the Company for each of the two most recent fiscal years, and its reviews of interim financial statements contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that the audit reports on the financial statements of the Company for those fiscal years contained uncertainty about the company’s ability to continue as a going concern. During our two most recent fiscal years and through to October 27, 2016, the date of dismissal, there have been no disagreements with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Former Accountant, would have caused the Former Accountant to make reference thereto in its report on the Company’s financial statements.
The Company has requested that the Former Accountant furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. The requested letter is attached as Exhibit 16.1 to this Form 8-K.
(b)
Effective October 27, 2016, the Company engaged Squar Milner LLP (“Squar Milner”) to serve as the Company’s new independent registered public accounting firm. The engagement of Squar Milner as the Company’s new independent registered public accounting firm was approved by the Company’s Board of Directors. Neither the Company, nor anyone on its behalf, consulted Squar Milner during the Company’s two most recent fiscal years and any subsequent interim period prior to the Company’s engagement of Squar Milner regarding any of the matters set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.

https://www.sec.gov/Archives/edgar/data/1582919/000106299316011964/form8k.htm

If you google “Squar Milner LLP”  the 6th search result is an article linking to www.seekingalpha.com.  This article is focused on a former pump and dump stock $ETAK called Sell Elephant Talk On Current Law Enforcement Investigation With -75% Downside published by “The Pump Stopper.” the-pump-stopper-seeking-alpha

Summary

SEC FOIA Request shows Current Law Enforcement Investigation.

After ETAK repeatedly failed to maintain effective internal controls, BDO declined to remain as auditor for 2014, was replaced by tiny firm SQUAR MILNER.

Recent noisy director resignations citing concern over board independence, related party transactions, and continuing net losses raise red flags: Is the fox now guarding the hen house?

NYSE delisting proceedings have reached maximum number of extensions allowed to regain compliance.

Revenue has declined by 50% since 2008 while shares outstanding has increased 5 times: Fair value for ETAK is $0.20 per share if the company avoids bankruptcy.

I believe investors should be extremely cautious about Elephant Talk (ETAK) shares and give a SELL recommendation at the current price of $0.86 with a price target of $0.20 if it can avoid bankruptcy as its cash burns rapidly.”

In my opinion, this suggests to me that when a company wants do conduct some shady business, maybe they turn to Squar Milner?

Stock Purchase Agreement
On September 6, 2016, Edward Barrios, our President and sole Director, Maxwell Ramos, our Treasurer and Secretary (collectively hereinafter, the “Sellers”) and Tobi Mac Aro (the “Purchaser”) and entered into a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchaser purchased from the Sellers, Fifteen Million (15,000,000) shares of common stock, par value $0.001 per share, of Cataca Resources, Inc. (the “Company”), representing approximately 50.00% of the issued and outstanding shares of the Company (the “Shares”), for an aggregate purchase price of Fifteen Thousand Dollars ($15,000) (the “Purchase Price”). The purchase price shall be distributed on a pro rata bases to the Sellers, Mr. Barrios currently is the beneficial owner of Ten Million (10,000,000) shares of the Company’s restricted common stock and Mr. Ramos is currently the currently is the beneficial owner of Five Million (5,000,000) shares of the Company’s restricted common stock.

https://www.sec.gov/Archives/edgar/data/1582919/000107878216003431/f8k090616_8k.htm

So the president of the company Tobi Mac Aro has purchased 15M shares or 50% of the total O/S for the price of $15,000!  Meanwhile the current market cap of this company is trading at a valuation of $93,000,000.

How do you calculate a company’s market cap? [outstanding shares multiplied by current stock price] 1.86 x 50,000,000 = 93,000,000. http://www.investopedia.com/articles/basics/03/031703.asp

As of October 12, 2016, there are 50,000,000 common shares issued and outstanding, 0 shares issuable upon the exercise of stock purchase options within 60 days, and 0 shares issuable upon the exercise of stock purchase warrants within 60 days. https://www.sec.gov/Archives/edgar/data/1582919/000106299316011735/form8k.htm