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Sunday, August 1, 2021

2 Retech Corp (OTCMKTS: RETC) Powerful Custodian SPAC Run

2 Retech Corp (OTCMKTS: RETC) is heating up in recent trading with large 6- and 7-digit buys coming in and Wednesday’s volume topping $9 million in dollar volume on over a billion shares traded. RETC has emerged in recent days as an investors favorite and is currently among the most actively searched and talked about stocks in small caps with well over 1,500 shareholders of record. Currently under heavy accumulation RETC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.0103 and its blue skies ahead.  

RETC has transformed into a mega mover and among the most talked about stocks in small caps since reverse merger RM Whizz George Sharp filed for custodianship of the Company following along the path of GVSI. Mr Sharp recently gained fame on the historic TSNP rise from triple zeroes to multi dollars trading hundreds of millions in dollar volume per day. RETC currently has massive liquidity and some of the top traders in small caps behind it who are looking for another TSNP style run. In a recent update to shareholders RETC management stated: “Our next technology won’t require the consumer to touch anything. We have been developing what we think is a killer mobile app that will appeal to consumers, build up brands and generate huge growth. Due to the intense competition in the App space we are not at liberty to share more details until we launch in Beta.” 

2 Retech Corp (OTCMKTS: RETC) is a holding company with subsidiaries that develop, sell, and install software that the Company believes will REINVENT RETAIL for shoppers and retailers. As a holding company RETC also acquires synergistic operating companies that manufacture and sell fashion and other products to other retailers as well as selling these products online. In October 2019, RETC acquired twelve retail stores in airport terminals and casinos solidifying it as a true Omni-Channel retailer. Owning its own brick and mortar stores allows the Company to deploy its cutting-edge software in the United States, to demonstrate its effectiveness at attracting shoppers and inducing them to purchase. During the 4th quarter 2019 and continuing in the first quarter 2020 (as subsequent events), amid the effects of the pandemic created by COVID-19, the Company chose to consolidate its operations around two operating entities; 12 Tech, Inc., formed in Arizona on December 26, 2019 (“12 Tech”) and 12 Retail Corporation, formed on September 17th, 2017 (“12 Retail”). 

12 Retail is itself divided into two operating units; Bluwire Group, LLC  that operates the Company’s retail stores in airports and casinos, and 12 Fashion Group, a division of 12 Retail, that operates our fashion wholesale and direct to consumer brands including Rune NYC, Social Sunday, Red Wire Design and Emotion Fashion Group. 12 Retail will serve to demonstrate the effectiveness of the software technology created by 12 Tech in improving revenues and profits for retailers as well as providing access to other retailers through our wholesale fashion business relationships. 

Today, 12 Tech provides technology solutions both online and inside retail brick and mortar that helps retailers acquire customers, reduce overhead expenses, streamline operations, gain incremental revenues and profits. Existing 12 Tech solutions are deployed mainly in Asia. We are planning to deploy our solutions in the United States retail markets, which serve the world’s largest consumer economy. While we continue to operate in Asia, we have consolidated our international units, which were focused on our technology deployment (“12 Japan” and “12 Europe”), and consolidated our software development company 12 Hong Kong, Ltd (“12 HK”), under 12 Tech to further streamline our own operations. 

https://twitter.com/vangeta85/status/1387114858240307202

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RETC

On April 1, 2021 RETC issued a letter to shareholders stating: As this first quarter of 2021 comes to a conclusion and it’s been over a year since the world has been negatively impacted by the Covid-19 pandemic, Management wants to take this moment to offer a brief update to our shareholders. 

Our Company has been focused heavily in the retail industry; with retail stores, a fashion group that sells to retailers and technology designed to make physical stores appealing to consumers again. Our technology for example was designed around interactive touch screens and mirrors to engage consumers. To demonstrate that technology and sell our retail fashion products in October 2019, we purchased a small group of retail stores with operations in what was then located in the best retail locations, Airports and Casinos. That acquisition resulted in the Company’s first million-dollar plus revenue quarter! A great milestone for us. 

Then on March 2020, the Covid-19 Pandemic hit and all of our operating companies were impacted. Our retail stores were closed by governmental order and even our fashion factories were closed for a time. With the advent of Covid-19 we quickly realized that no one and I mean no one is going to interact with a touch screen again! 

We have survived by squirreling cash, selling new products like face masks (which were designated as an essential business for manufacturing), and refocusing our technology on products that can still help smaller retailers. Our next technology won’t require the consumer to touch anything. We have been developing what we think is a killer mobile app that will appeal to consumers, build up brands and generate huge growth. Due to the intense competition in the App space we are not at liberty to share more details until we launch in Beta. 

Our management team strongly believes in what we can and will accomplish for retailers and in which our shareholders can benefit from in the future. We believe it was vitally important to make sure the Company survived this pandemic shutdown and would be able to quickly restart our operations and transition our technology to perform in the post pandemic world that is coming. There was and is not enough capital to do everything, but our priorities stayed focused on our operating companies. To limit the immediate cash burn, we were unable to fully engage auditors and attorneys to maintain our SEC filings on a current basis and since we have more than 1,500 shareholders, we don’t qualify for a Form 15 filing so we could not do alternative filings with OTC markets. While this is unfortunate, I believe that most of our shareholders understand that there hasn’t been much activity throughout this period due to the Covid-19 shutdowns anyway. 

At this time some of our fashion factories are again producing goods and we have once again begun shipping in volume! Our retail franchise stores should continue their re-opening as air travel and tourism starts to increase. We have chosen the team and begun development of our new cutting edge mobile App and we are interviewing auditors to see when we can get our SEC filings current. I can safely say that this shut down while very damaging has not daunted our spirits and resolve for the future! 

I want to thank all of our loyal long suffering shareholders for their patience and support throughout this period. I know it’s been very difficult! And I want to be clear that the purpose of this letter is not to advocate or induce any reader to purchase, hold or sell our stock at this time! All of the necessary disclosures that are in our SEC filings are outdated and no one should make investments decisions without current information! Rather this letter has been provided so that our shareholders would know we are still here working very hard and have a plan. In the not too distant future we plan to have current filings posted with the SEC and then after you have read those filings you can make an informed decision on whether you want to buy, hold or sell our stock. 

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RETC is heating up in recent trading with Wednesday’s volume topping $9 million in dollar volume on over a billion shares traded. RETC has emerged in recent days as an investors favorite and is currently among the most actively searched and talked about stocks in small caps with well over 1,500 shareholders of record. Currently under heavy accumulation RETC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.0103 and its blue skies ahead. RETC has transformed into a mega mover and among the most talked about stocks in small caps since reverse merger RM Whizz George Sharp filed for custodianship of the Company following along the path of GVSI. Mr Sharp recently gained fame on the historic TSNP rise from triple zeroes to multi dollars trading hundreds of millions in dollar volume per day. RETC currently has massive liquidity and some of the top traders in small caps behind it who are looking for another TSNP style run. In a recent update to shareholders RETC management stated: “Our next technology won’t require the consumer to touch anything. We have been developing what we think is a killer mobile app that will appeal to consumers, build up brands and generate huge growth. Due to the intense competition in the App space we are not at liberty to share more details until we launch in Beta. We will be updating on RETC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RETC.

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Disclosure: we hold no position in RETC either long or short and we have not been compensated for this article.

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