UnstableElement
9 meses hace
I seen that 750k clown at 10 cents lol.
pg 24 latest 10K states
On December 29, 2023, the Circuit Court for Montgomery County, Maryland signed orders entering all three arbitration awards as judgments in Reliability’s case against the Vivos Group. These orders became final on January 29, 2024, when the appeal period expired for the defendants. The judgments are good for 12 years and can be enrolled in other states. Reliability has collectible judgments which the Receiver is now eligible to pursue.
Reciever can persue judgements as of 1/29/24.
ars_2014
9 meses hace
Dokis resolve their issue, give back shares, lowers O/S and stock would right away trade at .30c+, then company introduces their next acquisition, stock goes through the roof....these are examples of what happened last shell deal. I guess Dokis don't want to make money, holding onto what?? no real buyers, no activity, nothing....they get nothing. Is this how they make money doing nothing??
ars_2014
9 meses hace
Additional information from the filing:
Once the Company is able to issue additional shares, we plan to tap the capital markets to pursue an aggressive but disciplined acquisition growth strategy, both in terms of using shares for raising capital and as currency to acquire additional businesses as was our intent when we merged with Reliability in October 2019. We believe that the staffing/EOR segment is fragmented, and while there are several large players in the industry, there are also a sizable number of smaller businesses that would make ideal acquisition targets. These businesses are often limited in geographic scope or are specialized within an industry. Meanwhile, we continue to foster organic growth through new sales to new and existing customers.
At present, the Company does not have any authorized shares that are not issued. No shares are expected to become available to the Company until an amendment to the Company's Certificate of Formation to increase the number of authorized shares of Common Stock or a stock split of the outstanding shares of Common Stock is approved. Such approval may not likely occur until the Vivos Matter is completely resolved. Following the Merger, the Vivos Group, which holds over 80 percent of the issued and outstanding shares of Common Stock, notified the Company that they would not approve an amendment to the Company's Certificate of Formation to increase the number of authorized, but unissued, shares of Common Stock. As a result, the Company has not been able to execute its business plan.
As stated above under "Our Industry," the trend for staffing expertise in the areas of Al, gig, cloud services, VMS/MSP, plus the expected need in fields like biotech and healthcare, are of interest to Maslow. We will