Business
Shareholder Update
Shareholder Update.
About this update from Sc Holdings Corp.
[{"type":"text","content":"Dear Shareholders,I again extend my best wishes to our shareholders, stakeholders, affiliates, partners, and their families, and I hope that you are all well and healthy at this time.I would like to provide additional updates about Strattner Financial Group (“SFG”), our plans, and recent developments.As previously disclosed, the core business of SFG currently is TBS Capital Management LLC, and the private funds TBS Capital LP in the UK, Strattner Capital LP in the UK, and TBS Equities Fund LLC in the US. On March 31, 2020, we announced that TBS Equities Fund had signed an agreement with AdvanceTC Limited, a for-profit company limited by shares, incorporated and domiciled in Australia. Pursuant to our agreement with AdvanceTC, TBS Equities Fund committed to purchasing up to 28,000,000 shares of AdvanceTC common free trading shares at a discount to market. AdvanceTC shares are currently trading on the National Stock Exchange of Australia (symbol: A88) and have recently been listed on the OTC Markets as a foreign symbol ATCLF. TBS Equities Fund has held 2,000,000 shares since early 2019, and our management felt that the acquisition of additional shares at a discount to the market price fits in our global equities portfolio strategy.On April 29, 2020, we announced that SFG had signed an agreement to acquire Always ON Incorporated., a New York based corporation. Always On has been working on closing the digital broadband, point-to-point telecommunications and specialized computer networking projects. Pursuant to our agreement with Always On, SFG agreed to issue 5,000,000 shares of our common stock to Always On founder David Blunk, which will be reflected in our coming quarterly statement. Mr. Blunk also joined our Executive Board as SFG’s Chief Technical Officer.Under David’s leadership, SFG recently launched Strattner Technologies LLC, and will build a developer and commercialization platform. The platform should integrate standards that enable developers to develop software applications based on market demands and will allow our corporate team to commercialze.SFG and Strattner Technologies have been in negotiations with satellite network operators, but as of the date of this letter, we had no definitive agreements and had not agreed to any terms.Management believes that through Always On and Strattner ...