Rick Jordan

Speaker. CEO @ $FRQN. Top 100 Podcast Host. TV/Media Guest. Cybersecurity Expert... Entrepreneur and Scotch Enthusiast.

[Rick Jordan @mrrickjordan]

They've been extremely active over the last 9 months with introductions to funds and private investors. That is their world 100%. The combination of our efforts lead the board to the conclusion that the best move is a reverse split to get out of sub-penny territory for new capital. Those require notarized board resolutions, which all of us sign, to submit to FINRA.

You say "some" due diligence. Our DD process is VERY thorough, even using external firms to verify and make anonymous phone calls, like an M&A private investigator. You can't verify what is never shown to you, never on paper in the first place, no digital record anywhere. I don't really care what ChatGPT says. When you keep looking to validate your own claim just to be the guy to prove yourself right, of course you'll find some kernel to run with for a "fan theory."

M&A has Reps & Warranties in the contract for this exact reason. It's kind of like an "oath" that as a seller you have disclosed everything, and if you don't there are penalties.

Don't mistake what I just wrote for bitching. What's done is done, and I don't dwell. I can't. Take this just as showing you respect by providing hard-earned wisdom and battle scars.

Anyway, I'm done talking about that because the company is moving forward. These are the M&A risks, and we're never buying the entire entity again... just the assets--customers, revenue, etc.

I appreciate your engagement and that you search for answers.

[Rick Jordan @mrrickjordan]

The biggest mistake I made with $FRQN ... never again.

When you acquire a company, you can either buy the entity or just the assets. I bought the entities. With those came skeletons in the closet. The business term in M&A is "Undisclosed representations."

The biggest one that tanked our plan for two years was a sales tax audit that the sellers never told us about... multiple 6-figures. The sellers even signed an extension on the audit with the state just 9 days before we bought it and funded them 7-figures!! Nothing was disclosed to us.

What really sucks is there is no way we could have even found out ourselves ahead of time. All you can do is call the state, which we did, to make sure the taxes were paid, which they were... at least the ones that the state documented at that time. Of coure the state ultimately found out that the sellers never reported a large portion of tax liabilities.

The lesson? People can be shitty, but we don't have to acquire companies the same way this time around. We'll buy the customers, the revenue, and the other assets... but leave the "bucket", the entity and all its skeletons with the sellers.

We went from $4M to $15M before in a short period, and we'll do it again.

@ReachOutIT
@FrequencyHub

[Rick Jordan @mrrickjordan]

@KenMix215325 Consistent steps is the strategy here!

[Rick Jordan @mrrickjordan]

I posted this on an $FRQN forum today in response to a fear-mongerer regarding our upcoming reverse split.

-------
Let's address these:
1. FALSE - "You are trying to increase the MC (market cap) by increasing the OS (outstanding shares)" -- FRQN is doing a reverse split, which DECREASES the outstanding shares.

2. OPINION - "If the notes still exist and are still being issued, this stock price will continue downward after RS" -- The latest Quarterly Report filed on 5/15 shows the bulk of the notes have been assigned/sold by their owner to a new party. I am just getting to know the new holder, and my goal is to negotiate a deal where they can still make money and the company plus shareholders can flourish. A new owner means new conversations and new opportunities.

3. PARTIALLY TRUE - "You do not have the OTC experience to have seen this." -- This is my first OTC company. However, I understand where he is coming from, but every company's outcome is unique in circumstances and levers.

4. OPINION - "This completely screws anyone who bought this stock up until now. And the worst part is, we can’t even sell cuz there’s no bid price." -- Volume is low, but the stock still sells. A reverse split is intended to give new life because higher-priced stocks traditionally attract market makers who provide a constant bid/ask spread. This gives existing shareholders more choices, rather than a locked ticker in the trips.

5. TRUE - "Yet you claim instutuions are lined up to buy this stock?" -- What I have said is that institutions and private sophisticated investors (funds) have told me they want to be involved (not "lined up"), but their own guidelines on profitability require the stock to be out of sub-penny territory. Someone in fear can think that's BS, but an opinion doesn't make it any less true. Fees overrun the trading value sub-penny and even large brokerages have additional restrictions. The strategy is execute the reverse, bring in fresh capital, and proceed with our business plan. I've rarely seen a freshly capitilized company have negative sentiment around it.

Bottom line is the company's strategy of a reverse split and bringing in capital over the next year will save shareholders by giving them choices. The value of our shares backed by a capitalized, liquid company. They can actually trade their shares if they want to, and the company has the runway to grow.

@reachoutit @FrequencyHub

[Rick Jordan @mrrickjordan]

@BottomFeeedr Then it’s a good thing it’s not just a reverse split and let it sit. I’m going to work for capital and pushing towards banger financials

[Rick Jordan @mrrickjordan]

The reverse split puts $FRQN in a position to bring in real capital.

Out of sub-penny territory means we can bring on the capital that funds tell me they want to invest, and need us in a range where they can make money while also increasing shareholder value!

I took the invitation to address this last night on @buffalofireside

[Rick Jordan @mrrickjordan]

@BottomFeeedr Liquidity is way more important than zero dilution. This is a balance of creating the right scenario for new investors, which can bring possible liquidity and capital to execute the plan, which has the potential to increase the market cap as it adjusts regardless of dilution.

[Rick Jordan @mrrickjordan]

@tcollegefund I don’t have a direct yes or no, and my goal is to negotiate a deal where they can still make money and the company plus shareholders can flourish.

[Rick Jordan @mrrickjordan]

@buffalofireside @FrequencyHub I’ve seen the land of capital funds and investors open up significantly over the last month… all have internal guidelines that need $FRQN out of sub-penny territory.

[Rick Jordan @mrrickjordan]

HACKERS TOOK DOWN THOUSANDS OF SCHOOLS DURING FINALS... I broke it down on NewsNation this afternoon.

CANVAS was breached, they ignored warnings, and their cybersecurity was flawed. Data of 275 Million students is being held for ransom.

[Rick Jordan @mrrickjordan]

Going LIVE on @NewsNation in 5 min to talk about the Cavas hack and ransom demand affecting thousands of US Universities and High Schools

$FRQN

[Rick Jordan @mrrickjordan]

The $FRQN Pink/ID whiplash over the last month...

Posting this BTS because I enjoy knowledge and learning, and there are some out there that also enjoy that. Doesn't take out the frustration that it happens, but at least I know why.

The timeline:
Fri 3/20 - OTCID... Support Requent sent to OTC to change us in their system to Alternative Reporting standard following our Form 15. We're just about ready to file our annual report.
Mon 3/23 - PINK... I call OTC and they confirm it's a glitch on the backend that they will correct. But we are correctly showing Alternative Reporting on our profile now.
Tues 3/24 - OTCID... All is well. OTC fixed the backend glitch and we reflect correctly all around.
Fri 3/27 - Annual Report filed early!
Wed 4/1 - PINK... OTC notifies us that the report is missing controlling individuals for issuances and notes attributed to entities, and we were downgraded because of this. SEC ironically did not require this disclosure. In other words... "new to us"
Thu 4/2 - PINK... Amended Annual Report and Management Certification filed with minor updates for controlling individuals associated with entities on issuances and notes.
Fri 4/3 - OTCID... All is good in the world again.
Tues 4/7 - PINK... No idea why.
Thurs 4/9 - I am able to finally connect with OTC and they explain that our amended report has not been processed yet. The flip back to pink is a system grace period expiring. The analyst even tells me they want to get rid of the system trigger, because it causes glitches like this. Usually an OTC human analyzes filings within the 5 day system grace timeline, but this is a busy filing season and no one has gotten to it yet. They commit to making sure it is processed today, because they empathize with the recent system glitches causing the back and forth.
4/10 - OTCID - We're back! (again) The assumption is OTC processed the amended report as promised. No communication from them, just back to our appropriate status of OTCID. Thank you OTC!

HOLY MOLY!

[Rick Jordan @mrrickjordan]

2 million in revenue…
to a 15 million run rate…
in just two years.

Frequency Holdings $FRQN building another rocket

[Rick Jordan @mrrickjordan]

@SoveyX @Paul_Sonnier Hey @grok why doesn’t Russia, China, or another US adversary shoot down Starlink satellites in an attempt to cripple critical communications in Ukraine, the Middle East (Iran), and the rest of Europe?

[Rick Jordan @mrrickjordan]

It’s like when I was a cadet with the police department… I found the same company that makes the radar detectors makes the radars to catch you speeding.

Here we have AI that makes both the protection and the theats…

$FRQN @FrequencyHub

https://t.co/7Q0OSLNML7

[Rick Jordan @mrrickjordan]

What Frequency $FRQN has done and what we’re going to. Let’s build another rocket 🚀

**Clip from our Annual Report Walkthrough + Investor Q&A Livestream

[Rick Jordan @mrrickjordan]

$FRQN Live - Annual Report 2025 + Investor Q&A https://t.co/cupz9Y0IOg

[Rick Jordan @mrrickjordan]

@AFFLAC Tell me you wouldn’t want to see this succeed to make money and do good for a lot of people. I mean if you still hold shares, there’s a reason you’re holding them.

[Rick Jordan @mrrickjordan]

Some companies have great stories. Others just have stories and give up right before they’re about to become great.

Apple. SpaceX. Disney. Frequency $FRQN

It’s not delusion, it’s a target.

Side note… a really good book for you to read is The Wisdom of Walt