Stino2
3 weeks ago
@market makers exist: I understand you but look at this article that is posted 12 juin 2024:
CTR Investments & Consulting, Inc. Updated Status to Current OTC Pink Sheet Plans for OTCQB ListingPress Release | 06/12/2024
SPARTA, Mich., June 12, 2024 (GLOBE NEWSWIRE) -- CTR Investments & Consulting, Inc. (OTCPK: CIVX) "The Company" is now a Current Reporting OTC Pink Sheet Trading on the OTC Markets Platform.
The Company is currently seeking a Strong Merger Candidate for an OTCQB Listing and has retained a highly qualified Venture Capital Firm to assist in the search and provide all of the necessary tools and support to achieve long term success for all participants.
The Company's objective is to provide long term shareholder value with a new direction and ensure shareholder stability and growth.
"It has been a long and arduous process to achieve Pink Sheet status again and we are very pleased. We plan to find the right fit for CIVX and our Shareholders and look forward to achieving our goals in the near term. It's time to get to work," stated CTR Investments & Consulting CEO Cavan Carlson.
*INVESTORS* PLEASE Refrain from contacting the Company regarding Merger. All Information will be made Public via Company Press Releases. Thank You.
About CTR:
CTR Investments & Consulting, Inc. is a holding company actively pursuing mergers or acquisitions of restaurants and other entertainment and convenience stops. The Company operates through 1780 Management Group whose main business focus is the acquisition(s) of convenience stores, restaurants and travel centers.
Forward-Looking Statements:
Safe Harbor Statement - In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency, profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
CTR INVESTMENTS & CONSULTING, INC.
CEO Cavan Carlson
ccarlson424@gmail.com
there is mentioned that CIVX stil operates through 1780 management, I really don't understand this anymore and also I'm getting sick of this negative person Hi_Lo, always posting the same thing 😪
Hi_Lo
3 weeks ago
No merger coming for CIVX per SEC/FINRA regulations...no matter what the CEO of a penny stock company pumps in a press release to promote his company.
CIVX is in violation of FINRA Rule 6490 because of its 13 years of missing financials and all publicly traded stocks need to conform with FINRA Rule 6490.
There is a huge gap of missing financials from 2008 - 2020 which means CIVX is in violation of FINRA Rule 6490 which will prevent CIVX from getting any corporate actions such as a merger approved by SEC/FINRA. The same thing caused GVSI's catastrophic collapse. Look at that ticker as a good example of what will happen here.
https://www.otcmarkets.com/stock/CIVX/disclosure
More proof CIVX is a dirty shell and a scam.
HOW FINRA RULE 6490 lMPACTS REVERSE MERGERS
https://www.hg.org/legal-articles/how-finra-rule-6490-lmpacts-reverse-mergers-30567
FINRA Rule 6490, has evolved since it was enacted over two years ago. For some time, FINRA has required that issuers provide expansive disclosures and supporting documentation not only for the corporate change subject to the notice but for the company’s entire corporate history from inception.
These disclosures are required of both SEC reporting and non-reporting issuers if they undertake corporate actions including reverse mergers. Compliance with Rule 6490's requirements is a minor task for companies going public by filing a registration statement with the SEC. Companies filing registration statements rarely have difficulties obtaining DTC eligibility unlike reverse merger issuers.
The public filings of companies who register with the SEC contain most of the supporting documentation required by Rule 6490.
It is no surprise that compliance with the requirements of Rule 6490 is less burdensome for companies going public using a registration statement because these companies have fewer corporate changes in their company history than companies engaging in reverse mergers. This is especially true for reverse merger issuers who undergo multiple changes of control and periods of inactivity.
The Problem with Reverse Mergers & Disclosure under Rule 6490
For companies that engage in reverse mergers as part of their going public transaction, compliance with Rule 6490's requirements can be impossible particularly when custodianship or receivership actions have been used by shell brokers to create public shells after years of inactivity. These companies may have multiple corporate actions related to prior changes of control and often have sketchy corporate histories. Some have even been hijacked through custodianship or receivership actions. In these circumstances, documents may be unavailable or if provided to FINRA, it could potentially result in FINRA referring the matter to the SEC’s Division of Enforcement.
These companies are almost always plagued with incomplete or fraudulent corporate records which make it extremely difficult for the post-reverse merger company to comply with FINRA Rule 6490. As a result, these companies may never get FINRA approval of the contemplated corporate action.
Rule 6490 Disclosures
Issuers must provide a cover letter disclosing the full corporate history for the issuer itemizing all material facts including every corporate change that has occurred from inception to present day.
Triggers for Review under FINRA RULE 6490
A FINRA review will be triggered if any of the five factors set forth in Rule 6490 are thought to be present:
• FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority;
• The issuer is not current in its reporting obligations with the Securities and Exchange Commission;
• Persons involved in or related to the corporate action are the subject of pending or settled regulatory action or are under investigation by a regulatory body or are the subject of a pending criminal action related to fraud or securities law violations;
• Persons related to the corporate action are likely involved in fraudulent activities involving securities or may pose a threat to investors;
• There is significant uncertainty in the settlement and clearance process for the issuer’s securities.
Any company contemplating going public using a reverse merger must consider the potential impact Rule 6490 could have on its future corporate actions. Rule 6490 provides one more compelling reason why private companies seeking to go public should do so using a registration statement instead of a reverse merger.
https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/
Conducting effective due diligence on the shell company is essential, as merging with a “dirty” shell (i.e., a shell whose management failed to follow proper SEC reporting procedures) could prove fatal for the private company.[13] In searching for “clean” shells, private companies should consider the shell’s number of stockholders, reporting record, and how and where it is listed.[14]
Stino2
4 weeks ago
I have mailed to Jim and he has no knowledge of this:
OTC Disclosure & News Service
CTR Investments & Consulting, Inc. (CIVX) takes over Coke Hunter Hospitality Group Inc., a Travel Center/Convenience Store and Casual Dining/Fast Food operations, CIVX will become the holding company for Coke Hunter.
Press Release | 05/18/2022
Torrance, California, May 18, 2022 (GLOBE NEWSWIRE) -- CTR Investments & Consulting, Inc. (OTC: CIVX) ("CIVX"), an OTC Market company and Coke Hunter Hospitality Group, Inc. (Coke Hunter) announce the Agreement for a Business Combination, where CTR Investments becomes the holding company for Coke Hunter Hospitality Group, Inc., and all of its restaurants and subsidiaries.
Coke Hunter is involved in the Travel Centers/Gas Stations/Convenience Stores and Casual Dining/Fast Food spaces. Coke Hunter is controlled by 1780 Management Group, Inc. ("1780 MANAGEMENT"), a Jefferson, GA based Travel Centers/Gas Stations/Convenience Stores and Casual Dining/Fast Food restaurants.
Anticipated Valuation & Planned Operations
CTR Investments will continue to pursue other acquisitions in other industries/sectors unrelated to Food and Beverage.
The company operates both National Brand Franchises and the Company’s own proprietary Brands. Its future growth will mainly focus on its own Brands, although it will continue to operate and develop National Brands within its space when the opportunity arises. Senior management has been in this business segment for over 25 years.
The revenues of CTR Investments & Consultants, Inc. (CTR) will be built in the hospitality segment with fast food restaurants in the fast casual dining space. Two WAYBACK Burgers restaurants will be acquired first, one with 100% ownership and another with 40% ownership. After that initial acquisition, three additional restaurants that are currently under contract will be acquired. One is a national Brand Fast Casual Dining Concept, and the other two are restaurants under the “HOT WINGS” Brand in the chicken wing and tenders menu space.
We will also acquire both Travel Centers/Gasoline Stations and Convenience Store locations that provide fast casual dining.
Projected revenues over the next 24 months will be in the area of $20,000,000.00 plus. It is anticipated that each fast casual dining location will contribute approximately $750,000.00 to $1,500,000.00 in gross revenue per annum. Projected revenue for our travel center/convenience stores can be in the range of $2,000,000.00 - $4,000,000.00 per location, per annum.
There is no limit to the number of units we will plan on rolling up over the next 24-48 months. Our projected plan is to roll up at least 15-20 units as long as we have sufficient capital for both the acquisition and the development of the locations.
Summary of Transaction
The transaction has been approved by the Board of Directors and Executive Management of both CTR Investments & Consulting, Inc. and 1780 Management Group, Inc., and is expected to be completed in the second quarter of 2022, subject to the approval of the shareholders of CTR Investments and satisfaction, or the waiver of, customary closing conditions identified in the business combination agreement (“SPA”).
CTR and 1780 Management have agreed in the business combination agreement, to take all necessary action to cause the board of directors of the combined companies to approve the new Board list which will include at least two independent Directors immediately, in order to meet the OTCIQ uplisting requirement.
Pete Iodice
President & CEO
Alpha Advocate Law Group PC. is serving as legal advisor to CTR on this transaction.
About 1780 Management
The company operates both National Brand Franchise's and the Company's own proprietary Brands. Its future growth will mainly be on its own brands, although it will continue to operate and develop National Brands within its space when the opportunity arises.
About CTR Investments & Consulting, Inc.
CTR Investments & Consulting, Inc., a Nevada corporation, was incorporated on October 22, 1999 pursuant to the laws of the State of Nevada.
For more information about the Company, please visit:
OTC Markets Profile: https://www.otcmarkets.com/stock/CIVX/profile
Website: http://www.ctr1780.com/
Twitter: https://twitter.com/CTR_Investments
Safe Harbor Statement:
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ.
Contact:
Pete Iodice
843-271-3619
peteiodice@gmail.com
Hi_Lo
4 weeks ago
No merger coming for CIVX per SEC/FINRA regulations...no matter what the CEO of a penny stock company pumps in a press release to promote his company.
CIVX is in violation of FINRA Rule 6490 because of its 13 years of missing financials and all publicly traded stocks need to conform with FINRA Rule 6490.
There is a huge gap of missing financials from 2008 - 2020 which means CIVX is in violation of FINRA Rule 6490 which will prevent CIVX from getting any corporate actions such as a merger approved by SEC/FINRA. The same thing caused GVSI's catastrophic collapse. Look at that ticker as a good example of what will happen here.
https://www.otcmarkets.com/stock/CIVX/disclosure
More proof CIVX is a dirty shell and a scam.
HOW FINRA RULE 6490 lMPACTS REVERSE MERGERS
https://www.hg.org/legal-articles/how-finra-rule-6490-lmpacts-reverse-mergers-30567
FINRA Rule 6490, has evolved since it was enacted over two years ago. For some time, FINRA has required that issuers provide expansive disclosures and supporting documentation not only for the corporate change subject to the notice but for the company’s entire corporate history from inception.
These disclosures are required of both SEC reporting and non-reporting issuers if they undertake corporate actions including reverse mergers. Compliance with Rule 6490's requirements is a minor task for companies going public by filing a registration statement with the SEC. Companies filing registration statements rarely have difficulties obtaining DTC eligibility unlike reverse merger issuers.
The public filings of companies who register with the SEC contain most of the supporting documentation required by Rule 6490.
It is no surprise that compliance with the requirements of Rule 6490 is less burdensome for companies going public using a registration statement because these companies have fewer corporate changes in their company history than companies engaging in reverse mergers. This is especially true for reverse merger issuers who undergo multiple changes of control and periods of inactivity.
The Problem with Reverse Mergers & Disclosure under Rule 6490
For companies that engage in reverse mergers as part of their going public transaction, compliance with Rule 6490's requirements can be impossible particularly when custodianship or receivership actions have been used by shell brokers to create public shells after years of inactivity. These companies may have multiple corporate actions related to prior changes of control and often have sketchy corporate histories. Some have even been hijacked through custodianship or receivership actions. In these circumstances, documents may be unavailable or if provided to FINRA, it could potentially result in FINRA referring the matter to the SEC’s Division of Enforcement.
These companies are almost always plagued with incomplete or fraudulent corporate records which make it extremely difficult for the post-reverse merger company to comply with FINRA Rule 6490. As a result, these companies may never get FINRA approval of the contemplated corporate action.
Rule 6490 Disclosures
Issuers must provide a cover letter disclosing the full corporate history for the issuer itemizing all material facts including every corporate change that has occurred from inception to present day.
Triggers for Review under FINRA RULE 6490
A FINRA review will be triggered if any of the five factors set forth in Rule 6490 are thought to be present:
• FINRA believes the forms are incomplete, inaccurate or filed without the appropriate corporate authority;
• The issuer is not current in its reporting obligations with the Securities and Exchange Commission;
• Persons involved in or related to the corporate action are the subject of pending or settled regulatory action or are under investigation by a regulatory body or are the subject of a pending criminal action related to fraud or securities law violations;
• Persons related to the corporate action are likely involved in fraudulent activities involving securities or may pose a threat to investors;
• There is significant uncertainty in the settlement and clearance process for the issuer’s securities.
Any company contemplating going public using a reverse merger must consider the potential impact Rule 6490 could have on its future corporate actions. Rule 6490 provides one more compelling reason why private companies seeking to go public should do so using a registration statement instead of a reverse merger.
https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/
Conducting effective due diligence on the shell company is essential, as merging with a “dirty” shell (i.e., a shell whose management failed to follow proper SEC reporting procedures) could prove fatal for the private company.[13] In searching for “clean” shells, private companies should consider the shell’s number of stockholders, reporting record, and how and where it is listed.[14]
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