The following dispels the misinformation that is b
Post# of 4425
Posted On: 01/13/2016 9:44:06 AM
The following dispels the misinformation that is being spread around on the board regarding A,B,H,K & L shares.
Class A & B shares are authorized with 0 issued/outstanding. This can be seen in the Q3 financial reports/disclosures.
Class H has been removed/retired. Class K has been returned to the company/treasury, is NOT authorized and CANNOT be issued, as it stands. The Chairman and one other board member must first authorize. If you want to watch out for this, you can go to the WY SOS to look for a filing in the future (if you think it might get authorized without proper disclosure on OTC Markets). Series L Restricted shares disclosed previously were also created. These actions were filed with WY SOS on 10/27/2015.
Many(most/all??) states read similar to this: "Upon the filing of the Statement of Cancellation of Reacquired Shares, the shares shall be restored to the status of authorized but unissued shares." In the case of K share of TDEY/ORTC, it is not even authorized, requires chairman and board member to do so.
To find the actions on the WY SOS site, use this link:
Scroll down and click on ">Public Notes".
If you want to see the dates, you have to print the page, and then you will see it as the 2nd through 5th images below.
Also, here's where you'll get the latest updates from TDEY/OTRC:
Public-accessible Facebook page for Oak River Technology (no login/acct required):
https://www.facebook.com/Oak-River-Technology...165344661/
Class A & B shares are authorized with 0 issued/outstanding. This can be seen in the Q3 financial reports/disclosures.
Class H has been removed/retired. Class K has been returned to the company/treasury, is NOT authorized and CANNOT be issued, as it stands. The Chairman and one other board member must first authorize. If you want to watch out for this, you can go to the WY SOS to look for a filing in the future (if you think it might get authorized without proper disclosure on OTC Markets). Series L Restricted shares disclosed previously were also created. These actions were filed with WY SOS on 10/27/2015.
Many(most/all??) states read similar to this: "Upon the filing of the Statement of Cancellation of Reacquired Shares, the shares shall be restored to the status of authorized but unissued shares." In the case of K share of TDEY/ORTC, it is not even authorized, requires chairman and board member to do so.
To find the actions on the WY SOS site, use this link:
Quote:
Source URL for WY SOS record for ORT, Inc.
https://wyobiz.wy.gov/Business/FilingDetails....2086178042
Scroll down and click on ">Public Notes".
If you want to see the dates, you have to print the page, and then you will see it as the 2nd through 5th images below.
Also, here's where you'll get the latest updates from TDEY/OTRC:
Public-accessible Facebook page for Oak River Technology (no login/acct required):
https://www.facebook.com/Oak-River-Technology...165344661/
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