$NNRX Breaks Out. New Custodianship/Reverse Merger + Great Team for OTC:NNRX by StockGuild

candlestick movingaverage fundamental otc pennystocks reverse merger breakout uplistment custodianship nnrx nasdaq

First and foremost this went to a high of $1.25 in 2013 (Possibly due to the incoming R/M with Nutra), the company has NEVER had a R/S in all that time, so that is a REAL PPS that it went up to.

The company incorporated in 2007 as a gold and mining pre-exploration company located in Fiji called Buka Ventures Inc., it owned a 100% interest in the Sigatoka Gold claim located in the Republic of Fiji. It was acquired in 2013 by Nutranomics Inc. in a reverse merger which sold health and wellness products, the PPS was driven into the ground by bad management and multiple convertible notes (which to my knowledge should have all been converted by this point.)

Now it is at all time lows, literally coming off the bottom with an amazing S/S still pretty much intact since the last business went dark, now the company has been reinstated in the last two months and has filled motions for amendments. It also has a court date coming up to decide custodianship.

Currently as of the last filing institutional investors owns approximately 34% or approximately 197,426,274 shares of the 580,665,512 in the O/S

Now for the juicy stuff, what could this company possibly be doing after having a prior successful business before the last one and what will the new CEO and his associates bring to the table?

Let's start with Mark DeStefano

That is what was found:

google.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=732561-93516-104557&SessionID=40y5ev6UTlDef97

It’s the same address with the Nevada filing.
The last name matches our new CEO, Mark DeStefano might be his son.
They seem to be dealing with mergers and acquisitions.

It appears their specialty is buying penny stocks and creating mergers:

Related to this address

Officer Name Officer Type Entity Name
MARK DESTEFANO Managing Member UNNAMED MOTION PICTURE, LLC
MARK DESTEFANO Managing Member PUBLIC LISTING COORDINATORS, LIMITED LIABILITY COMPANY
MARK DESTEFANO Manager SMO, LLC
MARK DESTEFANO Managing Member STOCK EXCHANGE MEMBERS, LLC
MARK DESTEFANO President PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Secretary PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Treasurer PLAINVIEW LABORATORIES, INC.
MARK DESTEFANO Director MQ HOLDINGS, INC.
MARK DESTEFANO President MQ HOLDINGS, INC.
MARK DESTEFANO Secretary MQ HOLDINGS, INC.
MARK DESTEFANO Treasurer MQ HOLDINGS, INC.
MARK DESTEFANO Secretary PUBLICLISTING.COM, INC.
MARK DESTEFANO Director FUTURE STARS OF AMERICA
MARK DESTEFANO President FUTURE STARS OF AMERICA
MARK DESTEFANO Manager SMO, LLC
MARK DESTEFANO Director ADRENALINA
MARK DESTEFANO President ADRENALINA
MARK DESTEFANO Secretary ADRENALINA
MARK DESTEFANO Treasurer ADRENALINA
MARK DESTEFANO Director LUNA ONE
MARK DESTEFANO President LUNA ONE
MARK DESTEFANO Treasurer LUNA ONE
MARK DESTEFANO Managing Partner MQ, LLP
MARK DESTEFANO Secretary OMT STRATEGIES, INC.
MARK DESTEFANO Treasurer OMT STRATEGIES, INC.
MARK DESTEFANO Director PRIMO DISPENSARY
MARK DESTEFANO Secretary PRIMO DISPENSARY
MARK DESTEFANO

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