Watch for the outcome of Lucky's 'good reason' resignation notice by November 26, 2026. If he resigns, the company would lose its sole director and only executive officer, creating severe governance and operational risk. Also monitor the company's response to the former CEO's financial statement certificate and any independent director appointments.
Price Chart
Executive Summary
Mark B. Lucky, the CFO and sole director of Visium Technologies, filed Amendment No. 1 to his Schedule 13D to correct his beneficial ownership to 119,746,869 shares (9.43% of common stock) and to report that following the resignation of the former Chairman/CEO on October 26, 2026, he is the sole director. He intends to expand the board to three members with two independent directors, has triggered a 'good reason' resignation notice under his employment agreement, and does not concur with the former CEO's certificate questioning previously issued financial statements.
Key Financial Metrics
Key Facts
- Mark B. Lucky beneficially owns 119,746,869 shares of common stock, or 9.43% of the class.
- Lucky is the sole director and only executive officer after Paul R. Taylor resigned as Chairman, CEO and director on October 26, 2026.
- Lucky intends to fix the board at three members and elect two independent directors, and to establish a special committee.
- Lucky delivered a 'good reason' resignation notice under his Employment Agreement on October 26, 2026; if not cured within 30 days, his resignation would take effect on November 26, 2026.
- The former CEO executed an officer's certificate on October 26, 2026, questioning previously issued financial statements; Lucky does not concur and intends to correct via revision of comparative periods.
- Lucky holds one share of Series AA Convertible Preferred Stock, which together with his common stock gives him about 17.37% of total voting power.
- Lucky has proposed a mutual separation to the Issuer, PT Smart Green Technologies and Adler Capital Limited, under which he would resign from all offices and keep his securities; no agreement reached.
Financial Impact
No direct financial impact; the filing corrects ownership disclosure and reports governance changes following the CEO's resignation.
Risk Factors
- Lucky's potential resignation by November 26, 2026 could leave the company without any executive officers or directors.
- The former CEO's certificate questioning financial statements may lead to a restatement or SEC inquiry.
- Governance vacuum and lack of independent directors until the board is expanded.
- Uncertainty around the proposed mutual separation and its terms.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001654954-26-009214 |
| Document: 0001654954-26-009214-index.html | 0001654954-26-009214 |
| Document: 0001654954-26-009214.txt | 0001654954-26-009214 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | 8-K | $0.000500 | awaiting T+20 | awaiting T+20 | $0.000400 (+20.00%) |
Oct 29, 2026 1d ago | SC 13D/A | $0.000400 | awaiting T+20 | awaiting T+20 | $0.000400 (−0.00%) |
Oct 29, 2026 1d ago | SC 13D/A | $0.000400 | awaiting T+20 | awaiting T+20 | $0.000400 (−0.00%) |
Oct 28, 2026 2d ago | SC 13D/A | $0.000500 | awaiting T+20 | awaiting T+20 | $0.000400 (−20.00%) |
Sep 29, 2026 4w ago | NT 10-K | $0.000700 $0.000200 | ▲ +71.43% | ▲ +72.09% | $0.000400 (+42.86%) |
Sep 16, 2026 6w ago | 8-K | $0.000700 $0.000600 | ▼ −14.29% | ▼ −17.73% | $0.000400 (−42.86%) |
Jun 10, 2026 20w ago | 8-K | $0.002200 $0.002300 | ▲ +4.55% | ▲ +1.95% | $0.000400 (−81.82%) |
Apr 30, 2026 26w ago | 8-K | $0.002800 $0.001900 | ▼ −32.14% | ▼ −37.11% | $0.000400 (−85.71%) |
Apr 16, 2026 28w ago | 8-K | $0.002000 $0.002500 | ▲ +25.00% | ▲ +19.18% | $0.000400 (−80.00%) |
Apr 15, 2026 28w ago | 8-K | $0.002000 $0.002500 | ▲ +25.00% | ▲ +19.18% | $0.000400 (−80.00%) |
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