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Tuesday, September 27, 2022

Stratos Renewables Corp (OTCMKTS: SRNW) Bull Runner, Trifecta & The Perfect Merger

Stratos Renewables Corp (OTCMKTS: SRNW) is among the most exciting stocks in penny stocks already seeing a historic rise from sub pennies last year to highs of $1.85 last week when the Company went off the EM and went “pink current” and investors say this one is just getting started. Currently on the block are 219,673,603 restricted shares of stock, if cancelled will leave SRNW with just 15,503,070 free trading shares, only 7,663,544 of which are DTC eligible for trading and currently in the float and the perfect candidate for a big-time merger. As CEO George Sharp has a significant following and SRNW has been under accumulation by speculators for a long time; millions of shares of the float are already locked up tight leaving very few available shares to trade. 

https://www.youtube.com/watch?v=5zZE3f_KSHw

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. SRNW is part of Geroge Sharp’s trifecta expected to fuel another summer of George, the stock is the perfect merger candidate, debt free, very tight share structure, and legions of shareholders who are locked and loaded.The stock has a fast-growing shareholder base including many big players in small caps, Youtubers, and internationally including Canada 

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Stratos Renewables Corp (OTCMKTS: SRNW) was incorporated in the State of Nevada on September 29, 2004 as New Design Cabinets, Inc. attempting to establish a base of operations in the custom cabinetry and furniture industry as a builder of specialty, custom designed cabinets and wine racks. Currently Stratos Renewables operates as a “blank check” company with a business plan of merging with an unidentified company or companies. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings.  

On June 15, 2021, George Sharp was appointed as custodian for the registrant, Stratos Renewables Corporation, by Order Granting Motion to Appoint George Sharp as Custodian and For Temporary Restraining Order on Order Shortening Time (Case No. A-21-835772-B, Dept. No.: 13) issued by the District Court of the State of Nevada in and for Clark County (the “Court Order”). Under his authority as Custodian George Sharp appointed himself as the sole member of the Board and President, Secretary and Treasurer of the Company by resolutions of the registrant’s Board of Directors on June 15, 2021.  

George Sharp is an experienced businessman with a diverse background in information technology and growth companies. After studying at Canada’s University of Waterloo, George joined the Engineering Department of the City of Calgary’s Electric System. There, George engineered a software application to more accurately examine the physical stresses on electrical wood poles. That effort garnered him recognition at the 1983 Stanford University Congress of Electrical Engineers. George was then recruited to join Northern Telecom in Bramalea, Ontario as a software engineering consultant. In the early 1990s, George founded Progressive Microsystem Designs to develop a series of business software applications for the emerging microcomputer market. The centerpiece of PMD was one of the first Human Resources Administration software products designed for microcomputers. Eventually, George relocated PMD to Southern California in order to better service the bulk of its clients. A former consultant to OTC Markets Group, George now provides services to publicly traded small companies seeking management advice; routes, including financing, towards progress; and, looking to stay onside of regulations. 

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Microcapdaily was one of the first on the scene as TSNP was taking off reporting on the stock on November 15, 2020 when TSNP was trading at $0.003We concluded “The whole deal is being shepherded by George Sharp, a reverse merger whizz and someone known for doing it right.”

On August 29, 2021, in recognition of the $50,000 cash invested and $50,000 in consulting fees accrued by George Sharp for professional and regulatory fees to reinstate the registrant in the State of Nevada and to have the registrant become current in its filings under the SEC’s recently imposed requirements for public companies operating under SEC Rule 15c2-11 that mandates the filing of current financial and corporate disclosures to be submitted to OTC Markets by June 30, 2021 and to have OTC Markets declare the Company “current” by September 30, 2021, the Board issued 300,000 shares of the authorized “blank check” preferred stock to George Sharp with 10,000 votes for each share of preferred stock to give voting control to Mr. Sharp. Mr. Sharp is currently engaging an auditor and preparing the necessary filings with the SEC to have the registrant be subject to the reporting requirements of the SEC, including the filing of annual and quarterly financial reports. 

On September 7, 2021 Stratos Renewables Corporation, engaged BF Borgers CPA PC, a PCAOB licensed firm, as the registrant’s principal accountant to audit the registrant’s financial statements as of its fiscal years ended December 31, 2020 and December 31, 2019 for inclusion in a Form 10 to be filed prior to September 28, 2021 to meet the deadline established by the U.S. SEC under recent amendments to SEC Rule 15c2-11 requiring delinquent OTC market filers to provide current and publicly available information for broker-dealers to quote their securities in the OTC market. 

On October 1, 2021 the District Court of the State of Nevada in and for Clark County entered an Order Granting Motion to Require Written Proof of Claim requiring that “any claimants and creditors of Stratos who fail to timely submit Proof of Claim as set forth in this Order shall be barred from later presenting their claim to Stratos.” On February 10, 2022, the District Court of the State of Nevada in and for Clark County entered an Order that “any and all claimants and creditors of Stratos are hereby barred from presenting any claim to Stratos.” 

On May 4, CEO Geroge Sharp sent out demand letters to the listed owners of restricted shares, giving them 10 days to produce evidence that the company received value for these shares. Those that do not produce satisfactory evidence will be subject to a motion to cancel those shares. 

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SNRW shot up to $1.85 highs last week after the Company went off the EM and went “pink current” and since than the stock has formed a new base over $1.25 as speculators wait for the restricted share cancelations. While there is no guarantee how long this process will take, it could happen in as little as a few weeks as it is not anticipated that Mr. Sharp will face any opposition as he has with Warwick Calasse and GOFF. SRNW remains among the most exciting stocks in penny stocks, with just 15,503,070 free trading shares, only 7,663,544 are DTC eligible for trading and currently in the float and the perfect candidate for a big-time merger. SRNW is part of Geroge Sharp’s trifecta (GVSI / GOFF) expected to fuel another summer of George, (TSNP & FORW were 2021 Summer of George) the stock is the perfect merger candidate, debt free, very tight share structure, probably the most successful RM stock whizz in recent penny stocks history, known for doing it right, and legions of shareholders who are locked and loaded and many new investors buying in every day. We will be updating on SRNW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SRNW.

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

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