S-1/A: Invech Holdings Files Amendment 7 to S-1 Registration Statement for Resale of 3,277,416 Shares
S-1/A Filing
Invech Holdings, Inc. files an amendment to its S-1 registration statement for the resale of up to 3,277,416 shares of common stock by selling stockholders.
Summary
- Invech Holdings, Inc., a Nevada corporation, has filed an amendment to its S-1 registration statement.
- The filing pertains to the resale of up to 3,277,416 shares of common stock by existing shareholders.
- The company will not receive any proceeds from the sale of these shares.
- Invech Holdings, Inc. is focused on regulatory compliance and consulting for public companies.
- The company's stock is quoted on the OTC Pink Current market under the symbol IVHI.
- The selling stockholders may sell shares at a fixed price of $0.001 until the shares are listed or quoted on an existing public trading market, and thereafter at prevailing market prices or privately negotiated prices.
- The company has a limited operating history and has incurred operating losses.
- The company's independent auditors have expressed doubt regarding its ability to continue as a going concern.
- The company requires a minimum of $25,000 to maintain websites, email campaigns, marketing materials, and general administration expenses.
- The company's monthly burn rate is approximately $2,083.
- The company's majority shareholder, Small Cap Compliance, LLC, will continue to fund all expenses until such time the Company can contribute to these costs.
- The funds will be booked as a noninterest bearing third party loan.
Sentiment
Score: 3
Explanation: The document presents a high-risk investment due to the company's limited operating history, lack of revenue, going concern doubts, and potential for dilution. The company's reliance on future equity sales and the competitive landscape further contribute to the negative sentiment.
Positives
- The company is moving in a new direction, specializing in drafting regulatory documents and consulting for public companies.
- Management has extensive experience in the public company compliance business.
- The company is actively looking for suitable personnel to incorporate into the management team.
- The company is focused on raising capital for its business model.
Negatives
- The company has a limited operating history and has incurred operating losses.
- The company's independent auditors have expressed doubt regarding its ability to continue as a going concern.
- The company has generated no revenue as of this filing and has no consulting clients.
- The company has run out of funds to maintain our monthly burn rate expenses.
- The company's stock trades on an unsolicited basis only, so you may be unable to sell your shares at or near the quoted bid prices if you need to sell a significant number of your shares.
- The company's common stock is defined as penny stock under the Exchange Act, and the rules promulgated thereunder.
Risks
- The company's capital resources may not be sufficient to meet its capital requirements, and in the absence of additional resources, it may have to curtail or cease business operations.
- The company may encounter substantial competition in the public company compliance consulting industry, and its failure to compete effectively may adversely affect its ability to generate revenue.
- The company may face a number of risks associated with its business services, including the possibility that it may incur substantial debt or convertible debt, which could adversely affect its financial condition.
- The company's future success is highly dependent on the ability of management to locate and attract suitable business opportunities, and its stockholders will not know what business it will enter into until it consummates a transaction with the approval of its then existing directors and officers.
- The company will incur increased costs as a result of becoming a reporting company, and given its limited capital resources, such additional costs may have an adverse impact on its profitability.
- The time and cost of preparing a private company to become a public reporting company may preclude the company from entering into an acquisition or merger with the most attractive private companies.
- A business merger may result in a change of control and a change of management.
- Related party transactions and stock dilution may occur.
- The company depends on its officers, and the loss of their services would have an adverse effect on its business.
- Because the company is significantly smaller than some of its competitors, it may lack the resources needed to capture market share.
- The company's ability to use its net operating loss carry-forwards and certain other tax attributes may be limited.
- The company's ability to hire and retain key personnel will be an important factor in the success of its business, and a failure to hire and retain key personnel may result in its inability to grow its business.
- Legal disputes could have an impact on the company.
- Resale limitations of Rule 144(i) on your shares may apply.
- The company is currently listed as Pink Current Information on the OTC Markets platform.
- The regulation of penny stocks by the SEC may discourage the tradability of the company's securities.
- There is presently a limited public market for the company's securities.
- The company may issue more shares in an acquisition or merger, which will result in substantial dilution.
- The company's director has the authority to authorize the issuance of preferred stock.
- The company has never paid dividends on its common stock, nor is it likely to pay dividends in the foreseeable future.
- If the company is unable to establish appropriate internal financial reporting controls and procedures, it could cause it to fail to meet its reporting obligations, result in the restatement of its financial statements, harm its operating results, subject it to regulatory scrutiny and sanction, cause investors to lose confidence in its reported financial information, and have a negative effect on the market price for shares of its common stock.
- The company's Articles of Incorporation provide its directors with limited liability.
- The company's financial controls and procedures may not be sufficient to ensure timely and reliable reporting of financial information, which, as a public company, could materially harm its stock price.
- Because the company's directors and executive officers are among its largest stockholders, they can exert significant control over its business and affairs and have actual or potential interests that may depart from those of investors.
- The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements that may also limit a stockholders ability to buy and sell the company's stock.
Future Outlook
The Company expects to continue to incur moderate losses each quarter until a transaction considered appropriate by management is effectuated.
Industry Context
The company operates in the microcap public company compliance industry, which is increasingly important and expanding after amendments to Rule 15c2-11.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| CEO, Director, Secretary, and Treasurer | Zhilian Wu and Dong Chen | Rhonda Keaveney | January 21, 2023 | Resignation of previous officers and directors |
Related Party Transactions
- During the period ended December 31, 2024, SCC advanced the Company $30,641 to pay for general operating expenses.
- During the year ended December 31, 2023, the Company granted 1,000,000 shares of common stock to SCC for consulting services, for total non-cash expense of $1,000.
- During the year ended 2019, Robert Chin advanced the Company $4,443 to pay for general operating expenses.
Stakeholder Impact
- Investing in the company's stock is risky, and investors could lose their entire investment.
- The company's ability to continue as a going concern is uncertain.
- The company's stock trades on an unsolicited basis only, so you may be unable to sell your shares at or near the quoted bid prices if you need to sell a significant number of your shares.
- The company's common stock is defined as penny stock under the Exchange Act, and the rules promulgated thereunder.
Next Steps
- The company plans to focus on the public company compliance industry.
- The company will continue to market its brand by contacting microcap public companies, email campaigns showcasing its services, and referrals from current clients.
- If an opportunity presents itself, the company will partner with investors in the purchase of a compliance consulting firm to expand its revenue stream and further establish a brand in the public company compliance industry.
Key Dates
| Date | Description |
|---|---|
| December 17, 1998 | Invech Holdings, Inc. was incorporated in Nevada as Explore Technologies, Inc. |
| May 23, 2000 | The Company entered into a merger agreement with Cashsurfers, Inc. |
| July 24, 2000 | The merger agreement with Cashsurfers, Inc. was terminated. |
| October 5, 2000 | The Company entered into an Acquisition Agreement with UWANTCASH.com, Inc. |
| December 6, 2000 | The acquisition agreement with UWANTCASH.com, Inc. was terminated. |
| 2001 | The Company effected a 1 for 10 reverse stock split. |
| May 15, 2002 | The Company entered into an agreement to acquire the Access Network Limited subsidiary of VOIP Telecom, Inc. |
| May 17, 2002 | The Company filed an amendment to its Articles of Incorporation and changed its name to Pan Asia Communications Corp. |
| March 17, 2003 | The Company acquired the majority interest in Hubei Pharmaceutical Co. Ltd. |
| March 18, 2003 | The Company changed its name to Hubei Pharmaceutical Group, Ltd. |
| January 6, 2005 | The Company changed its name to Amersin Life Sciences Corporation. |
| October 2005 | The Company terminated its participation in the Hubei Tongji Benda Ebei Pharmaceutical Co. Ltd. joint venture. |
| March 22, 2007 | The Company changed its name to Golden Tech Group, Ltd and conducted a 1 for 20 reverse stock split. |
| April 10, 2007 | The Company raised its authorized shares to 500,000,000. |
| February 21, 2018 | The Company changed its name to MegaWin Investments, Inc. |
| July 19, 2018 | The Company changed its name to Invech Holdings, Inc. |
| January 21, 2023 | The Company issued 300,000 shares of Convertible Series A Preferred Stock to Small Cap Compliance, LLC. |
| March 3, 2023 | ETAO Logistic Inc. cancelled all 110,000 shares of its Preferred A Stock. |
| August 2, 2024 | Date of the prospectus. |
Keywords
resale, common stock, public company compliance, regulatory compliance, OTC Markets, S-1, Invech Holdings, IVHI
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.