Datacentrex, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. Market Information The Company’s common stock is not quoted on a national exchange. As of the date of this filing, Company’s common stock is listed on the OTC Markets with a trading symbol of “TZUP” but trades by appointment or not at all. As of March 17, 2022, there were 6,120,171 shares of the registrant’s common stock outstanding, of which 754,500 are registered shares that may become available for trading should a market develop. Market value of these shares is currently deemed to be $1,131,750 based on recent private transactions at $1.50 per share, although actual prices per share may vary when and if a trading market develops. Holders of Record We are authorized to issue up to 100,000,000 shares of common stock, par value $0.001 per share, and 10,000,000 shares of preferred stock. As of December 31, 2021 and the date of this filing, there were 6,037,836 shares of common stock issued and outstanding and 64 shareholders of record and 6,120,171 shares of common stock issued and outstanding and 68 shareholders of record respectively. The number of record holders does not include persons who held shares of our common stock in “street name” accounts through brokers, banks and other financial institutions. As of December 31, 2021, there were no shares of our Preferred Stock issued and outstanding. Dividend Policy We have not declared or paid any cash dividends on our common stock during the fiscal year and do not currently anticipate paying cash dividends in the foreseeable future. Recent Sales of Unregistered Securities During the months of February, March and April 2021 the company sold an aggregate of 724,500 shares to 55 persons for an aggregate of $724,500. During the month of December 2021, the company sold an aggregate of 283,336 shares to 7 persons for an aggregate of $425,000. The offers and sales were made in reliance on the exemption from registration provided by Section 4(a)(2). Each beneficial note holder was an “accredited investor” and/or “sophisticated investor” pursuant to Rule 501(a) of Regulation D under the Securities Act, who provided the Company with representations, warranties and information concerning their respective qualifications as an “sophisticated investor” and/or “accredited investor.” The Company provided and made available to each purchaser full information regarding its business and operations. There was no general solicitation in connection with the offer or sale of the restricted securities. The purchasers acquired the restricted common stock for their own account, for investment purposes and not with a view to public resale or distribution thereof. The Company’s use of proceeds was for corporate and products development and general working capital. 22 ITEM 6. SELECTED FINANCIAL DATA. As a smaller reporting company, we are not required to provide the information required by this item.