spqs
- Creatore Discussione axelvento
- Data di inizio
axelvento
dCellVax
- Registrato
- 21/12/04
- Messaggi
- 16.246
- Punti reazioni
- 419
SPQS update on "chill" status with DTCC
Orlando, FL Oct. 5, 2012 (OTC MARKETS NEWSWIRE) -- SportsQuest, Inc. (SPQS), a publicly-traded holding company, is working with its legal counsel to remove the "chill" imposed by the DTCC.
The DTCC "chill" stems from transactions that took place between March 2011 and September 2011. The company's legal counsel is in communication with the DTCC and working with its Transfer Agent to provide all the documentation necessary to outline these transactions. The company sees this communication as a positive sign, and is working to provide all the documentation to resolve the issue and remove the "chill" as quickly as possible.
DTCC - The Depository Trust & Clearing Corporation. The DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$36.5 trillion.
DTCC Chill - Is a special restriction that can be placed on a given security by the Depository Trust & Clearing Company (DTCC).
CEO of SPQS Jeffery Burns said: “In the last PR I stated I surrendered 1,800,000,000 shares but the correct terminology was returned. We understand the chill has hindered our shareholders and communication with the DTCC is a huge step in removing that obstacle.”
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the company's historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology, industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the company's filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the company's objectives will be attained.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Orlando, FL Oct. 5, 2012 (OTC MARKETS NEWSWIRE) -- SportsQuest, Inc. (SPQS), a publicly-traded holding company, is working with its legal counsel to remove the "chill" imposed by the DTCC.
The DTCC "chill" stems from transactions that took place between March 2011 and September 2011. The company's legal counsel is in communication with the DTCC and working with its Transfer Agent to provide all the documentation necessary to outline these transactions. The company sees this communication as a positive sign, and is working to provide all the documentation to resolve the issue and remove the "chill" as quickly as possible.
DTCC - The Depository Trust & Clearing Corporation. The DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$36.5 trillion.
DTCC Chill - Is a special restriction that can be placed on a given security by the Depository Trust & Clearing Company (DTCC).
CEO of SPQS Jeffery Burns said: “In the last PR I stated I surrendered 1,800,000,000 shares but the correct terminology was returned. We understand the chill has hindered our shareholders and communication with the DTCC is a huge step in removing that obstacle.”
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the company's historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology, industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the company's filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the company's objectives will be attained.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
the volture
OLL LLIINNN 📢📢
- Registrato
- 15/3/05
- Messaggi
- 10.296
- Punti reazioni
- 1.416
In breve che direbbe quell'articoloo...
axelvento
dCellVax
- Registrato
- 21/12/04
- Messaggi
- 16.246
- Punti reazioni
- 419
Huge DD from SPQS last 10Q, Company now has positive equity of over $900,000!!!!!!!!!!!
from the last 10Q
Total stockholders' equity as of 06 30 2012 = $ (640,855)
from the News
SPQS was able to remove $1,549,874.00 in current liabilities.
means the Total stockholders' equity is now positive $ 909,019
from the last 10Q
Total stockholders' equity as of 06 30 2012 = $ (640,855)
from the News
SPQS was able to remove $1,549,874.00 in current liabilities.
means the Total stockholders' equity is now positive $ 909,019
playars
lotto players
- Registrato
- 11/4/08
- Messaggi
- 8.306
- Punti reazioni
- 174
1. SPQS is alive and communicating SPQS SportsQuest, Inc.: News, Press Releases for SportsQuest, Inc. - OTCMarkets.com
2. SPQS was able to remove $1,549,874.00 in current liabilities
3. CEO returned 1,800,000,000 shares (new OS 2.2B)
4. SPQS will now focus on its primary subsidiary Zabo Foods and distribution of Stevia (Entering into a $10 billion market)
multibagger$
2. SPQS was able to remove $1,549,874.00 in current liabilities
3. CEO returned 1,800,000,000 shares (new OS 2.2B)
4. SPQS will now focus on its primary subsidiary Zabo Foods and distribution of Stevia (Entering into a $10 billion market)
multibagger$
giabull
Nuovo Utente
- Registrato
- 20/10/07
- Messaggi
- 1.346
- Punti reazioni
- 59
Devo ampliare il portfolio anche con piccole cip altrimenti divento impaziente. La verità è che non ho molto tempo e ste ciofeghe le devi cmq seguire da vicino ahah.
playars
lotto players
- Registrato
- 11/4/08
- Messaggi
- 8.306
- Punti reazioni
- 174
Devo ampliare il portfolio anche con piccole cip altrimenti divento impaziente. La verità è che non ho molto tempo e ste ciofeghe le devi cmq seguire da vicino ahah.
big newssssssssssss Oct. 26, 2012 (OTC MARKETS NEWSWIRE) -- SportsQuest, Inc. (SPQS), a publicly-traded holding company, announces no changes in share structure in 4th quarter.
At a board of directors meeting October 24th, 2012 SPQS has decided the best course of action is to try to alleviate the current “chill” in place with the DTCC (Depository Trust & Clearing Corporation). SPQS has announced the following corporate actions to stay in place for the 4th Quarter and end of the Calendar Year 2012.
1. SPQS will not commence a reverse split of its stock.
2. SPQS will not raise its authorized shares, currently (4,000,000,000).
3. SPQS will not issue any additional shares in the 4th quarter 2012.
These actions will be put in place for the end of 4th quarter 2012 and rest of the calendar year 2012. SPQS may revisit these options in 2013 but its primary concern is to be fully functional with DTCC.
CEO of SPQS Jeffery Burns said: “The value of its stock is the life blood to a publicly traded company. We have made some clear decisions to be able to ensure we achieve the best tradability for ours. As our course of corporate action is clear for the rest of the year we are can now put our full efforts on our subsidiary Zabo Foods.”