November Company Update

CWIR Officer Change, Shell Submission, Our Next Steps & MAM

It has been an eight-month-long process, but we finally submitted to the OTC Market. To get more info about what we were up to in November, read our company update below. 


CWIR Officer Change

Many of you have been wondering if the information on OTC Markets is correct. We would like to confirm that Patrick and Angel are now the new officers of CWIR, but no further information will be released for the time being.

The extent of our involvement will be withheld until further notice. We do not want to disseminate misguided information.

Please be patient until we will be able to provide further updates.

Shell Submission

After eight long months, we finally submitted to the OTC Market and began the commenting period process that will guide us to both getting current and resolving past problems associated with the shell. Once again the specific ticker will not be announced until all necessary filings are finalized. We do not want to be inadvertently associated with pump and dump schemes, and our primary concern is the safety of current and future shareholders.  

Based on the items asked for, we are expecting an expedited turn-around time for completion of the commenting period, but we still want to remind clients that the process itself is out of PlutusX control. Therefore, we cannot advance the process any faster than OTC allows. 

Next Steps and Priorities

The next steps moving forward will be to address and resolve any comments created by the OTC as soon as possible to quickly gain approval on the news ticker. In the interim, we aim to continue increasing trade volume on our MAM while maintaining steady growth. End of year market volatility makes a more challenging landscape for traders across the board, so we are looking for entries with high probabilities and great risk-to-reward ratios to ensure a positive growth curve moving forward.

Frequently Asked Questions

Is CWIR the shell PlutusX will merge into?

Although public information has already been disseminated, we are reluctant to announce or confirm the ticker in fear of potential retribution if plans do not continue. We do not want to be associated with any pump and dump schemes, inadvertently or not.

The website on OTC Markets does not work, was that on purpose?

No, the OTC has not updated this information properly on their end; the correct address should be plutusx.com.

What’s your involvement with ADTM at the moment?

We already voiced our involvement with ADTM in a separate article here:

https://plutusx.com/blog/partnerships/2019/relationship-with-adtm/

Is PlutusX planning on doing a reverse triangular merger?

We have never planned or released any information on doing a reverse triangular merger. It is also not in our plans. As mentioned in our updates, our plan is to do a reverse merger with one shell.

Here is the definition of a reverse merger as some have been confusing it with a triangular merger:

A reverse merger is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The transaction typically requires the reorganization of capitalization of the acquiring company.  Source: Wikipedia

When can we expect a formal announcement and confirmations on the ticker?

No timeline can be provided publicly as of today, but as soon as we can, we will make sure we let our community know as soon as we can.

MAM Update

For more information regarding our MAM please refer back to our monthly MAM update fond here.

Suggestions?

We are building PlutusX with you, the members, in mind. We embrace and encourage feedback or suggestions. Please email us here or find us in our community chat.

 

(Please do NOT make assumptions about our unannounced ticker but simply do your due diligence and use the information that’s available)

ANY QUESTIONS RELATING TO PRIVATE OR “INSIDER TRADING” WILL BE IMMEDIATELY DISREGARDED.

 


To stay up-to-date with our progress, and to send us feedback or suggestions, join our community chat here.

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