Update 8/14/21
I wanted to put out a comprehensive update as I am heading out of town for a few days.
HENI - Hinto Energy, Inc. and RIBS - Southern Concepts Restaurant Group, Inc. all fillings have been uploaded including attorney opinion letters. I would anticipate both being current in the near future barring any additional comments or information needed.
The EVCI - EVCI Career Colleges Holding Corp. application was submitted on August 5th to OTC Markets. I have yet to hear anything back and have not received the bill yet.
BDCM - Broadcast Marketing Group, Inc. application and supporting documents was submitted July 13th to OTC Markets. I paid OTCM on July 19th. I have supplied some additional information they asked for.
THDS - 3Dshopping.com application and supporting documents was submitted June 30th to OTC Markets. I paid OTCM on July 19th. I have not heard anything back and have sent several inquiries.
QENC - Queench, Inc. application and supporting documents was submitted June 29th to OTC Markets. I paid OTCM on August 6th.
AESO - Atlantic Energy Solutions, Inc. application and supporting documents was submitted June 29th to OTC Markets. I paid OTCM on July 22nd. I have supplied some additional information they asked for. I am still working with DTCC to match records on old certificates. They said they were working on this and would get back to me.
ALKN - Alkane, Inc. court is upcoming on August 23rd.
LPHM - Lee Pharmaceuticals with the transfer agent Computershare not accepting the court order without additional wording is causing my attorneys to have to go back to court and obtain a new order. I hope to have an update on this early next week.
All motions passed during the QENC - Queench, Inc. shareholder meeting yesterday. I will now be going back to court to ask the judge to ratify and approve the motions and to discharge the custodianship. I have compiled the information needed and have sent it to my attorney.
On HENI - Hinto Energy, Inc. I continue to pressure the previous officer and his attorney to complete the settlement documents needed to move forward and complete both sales in which I will be purchasing shares. I have hopes this can be completed in the next week or two. This needs to happen before the bankruptcy can be closed out.
SGTB - Kuboo, Inc. / Suggestion Box, Inc. David Olund was elected sole officer on July 28th and I have been told they are working to bring the company current with OTC Markets.
SIBE - Sibling Group Holdings, Inc. Hussien Anani was elected sole officer on July 29th. He will be working with OTC Markets to revise and update the application I put in initially. I will assist in any way I can.
UVSS - Universal Systems, Inc. I have been told the new officer (Andrew Lane) put the application in to OTC Markets and they are currently updating shareholders at their twitter handle @DIGI_DISTRO. Please follow for future updates.
BABL – Edgemode, Inc. / Buildablock Corp. I will be working to discharge the custodianship in the coming weeks. I was told they have an application in and are working to get current. They asked that any inquiries go to hello@edgemode.io for the time being.
A reminder as I previously posted about this on 3/12/21. Please be cautious for any company that has a large amount of restricted stock held by previous insiders or control persons, or a large share structure. I would anticipate a company that matches this description to do a reverse split at some point in the future if they cannot work anything out to bring the shares back in to the company or cancel them. I have asked the new officers on each company to limit (make any split as small as possible) as much as possible. However, after electing new officers, with my discharge as receiver/custodian, and my resignation of all posts there is no guarantee that the new management will abide by our agreement. Please take this into consideration and manage your risk accordingly. These are my opinions only as I am not an investment/financial advisor and nothing I say should be construed as investment advice.
I have a a plan for any company that will not be able to get current by the deadline with OTC markets. I believe the rule allows for you posting the information on the corporate website of a company: Publicly available shall mean available on EDGAR; on the website of a state or federal agency, a qualified interdealer quotation system, a registered national securities association, an issuer, or a registered broker or dealer. The plan would be to make public disclosures via the respective corporate website to the public and then send the information to all relevant market makers or regulatory bodies.