10K Excerpts from ECTX formally GFTI, formerly PPB
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Posted On: 04/02/2017 6:35:12 PM
10K Excerpts from ECTX formally GFTI, formerly PPBL
Total Annual Revenue 2016.... $18,750
Common Stock Price:
Fiscal Year 2016.... High .... Low
First Quarter ....... $ 1.46 .... $0.21
Second Quarter .... $ 1.00 .... $0.25
Third Quarter ...... $ 0.30 .... $0.16
Fourth Quarter .... $ 0.495 .... $0.15
.........................
In April 2015, we entered into a joint venture and license agreement with Pure Systems International, Ltd. to produce and market garments and other accessories for the commercial uniform marketplace and other market verticals by utilizing Pure Systems International, Ltd.’s patented processes to up-cycle pre-consumer textile waste into reusable fiber of equal or better quality than the original fabric. (the “Rejuvenated Fiber”)
In May of 2015, the Company created a new limited liability company, Pure361, LLC (“Pure361”) of which the Company owns 51% and Pure Systems International, Ltd. owns 49%. Pure361 has the exclusive licensee to use Pure System International Ltd.’s patented Rejuvenated Fiber in conjunction with the commercial uniform marketplace and other market verticals.
Ms Joy Nunn, the company’s former CTO and Board member has resigned as of February 14, 2017, but the company still maintains a license with Pure System International, Ltd. ( I guess I missed the 8-K and NV SOS Docs....Oh! Wait....There are none).
Pathetic
Total Annual Revenue 2016.... $18,750
Common Stock Price:
Fiscal Year 2016.... High .... Low
First Quarter ....... $ 1.46 .... $0.21
Second Quarter .... $ 1.00 .... $0.25
Third Quarter ...... $ 0.30 .... $0.16
Fourth Quarter .... $ 0.495 .... $0.15
.........................
In April 2015, we entered into a joint venture and license agreement with Pure Systems International, Ltd. to produce and market garments and other accessories for the commercial uniform marketplace and other market verticals by utilizing Pure Systems International, Ltd.’s patented processes to up-cycle pre-consumer textile waste into reusable fiber of equal or better quality than the original fabric. (the “Rejuvenated Fiber”)
In May of 2015, the Company created a new limited liability company, Pure361, LLC (“Pure361”) of which the Company owns 51% and Pure Systems International, Ltd. owns 49%. Pure361 has the exclusive licensee to use Pure System International Ltd.’s patented Rejuvenated Fiber in conjunction with the commercial uniform marketplace and other market verticals.
Ms Joy Nunn, the company’s former CTO and Board member has resigned as of February 14, 2017, but the company still maintains a license with Pure System International, Ltd. ( I guess I missed the 8-K and NV SOS Docs....Oh! Wait....There are none).
Pathetic
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