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only thing posted this week was another amended application for the OTC after Loyd said it was approved. No infor on AWON except a supposed lawsuit by HIRU which they posted and now it seems today we are tanking. When a stock goes silent with a very bad 3rd qtr filing it can only go down. Come in AWON create some excitement for your stock and all you are claiming to be doing.
Before there’s any movement these preferred shares need to be cleaned up. Not the most bloated stock, but when factoring in those preferred A and C shares that amount gets much higher.
Preferred A: 20,000,000 Able to convert into 60% of then issued and outstanding (current issued & outstanding common stock: 360,756,038) This conversion currently equates to 216,453,623 shares of common stock.
Preferred C: 20,000,000 Able to convert one series C into 5 common stock shares. This conversion equates to 100,000,000 shares of common stock.
With all shares converted into common stock the outstanding shares would be 677,209,661 shares. If added to the total authorized shares that number increases by another ~14million.
Again, not super bloated for the OTC but I’m certainly waiting on additional cancellation if there are any additional cancellations.
- a "series of material press releases" (aka DEALS/PARTNERS , in my opinion) - two more significant share reductions which will decrease the Outstanding Shares by 60% - new website
Tik Tok....Maybe we should use a Countdown Clock. The financials have been filed. Seems to be only a matter of time on this one before the proverbial rocket....... At least I am thinking ..... Otherwise, it's back to Timer clock and detonation of everything......
What's the game plan here? Just waiting for OTCQB... Wtf magic is going to happen then. Don't understand where this new management is. They seem asleep at the wheel. No website, no one answers the phone. What the hell are customers thinking? I have been waiting for a long time and not sure what the end game is and when...
$AWON is doing all the right things here. Audited financial statements, uplist to QB any day now, share reductions and further share reductions are coming as well.
A lot of news releases are ready to come as soon as they get QB approval
I understand that the company could even expand operations into the UK? Seems like Prime Beverage and some of the other brands have dual marketers both domestically and internationally. If they play their cards right with the proper management and tie ups this company could get some serious momentum behind them. I would also have to think China should be on their radar screen........
Once the OTCQB uplist takes effect next week, the Company will be releasing a series of material press releases related to the Company's current operational milestones that have been achieved. Again, the Company's sole focus is creating shareholder value, and growing cash flow positive business operations.
So QB will be official next week, and once official the company will be following it up with
If both potential cancellations are effectuated, the issued and outstanding Common Stock would drop to 148,225,124 (60.12% decrease). The Company will keep its public shareholders advised as to these potential cancellations of Common Stock to treasury as material related events unfold
Whatever the share price might be the day before these cancellations happen, it should result in this:
Right now with a closing price of .0147 $AWON has a market cap of $5.3M. .0147 x Current Outstanding Shares (360,756,038) = $5.3M
If we consider the outstanding shares being reduced by 60.12%, that number would be 148,225,124, mentioned in the quote from the PR link above.
Take the previous day closing price of .0147 and multiply it by 1.6012, you get .0235.
That new share price of .0235 multiplied by the new OS (148,225,124) gives you a market cap of $5.3M.
If the outstanding shares are reduced, the market will compensate with an equivalent share price.
And that doesn't even take into account any deals the company is working on... just some simple math that has me here.
Honestly as far as otc pink stocks go.. AWON has been pretty refreshing... they continue to deliver what they say they will... they aren't getting this stock on the OTCQB to teeter around that .01 eligibility mark, they intend to get the share price much higher. The proactive approach to get the house in order and actually doing it. CLAP
QB update this week. Negotiating deal to copack Akaline88 for Clean Bottling.
QB update this week, should be any day now. Also working on trying to sign a co-packing deal in the northeast with clean bottle after license agreement was announced on Friday with #WTER. $AWON
— A1 Beverages (AWON) Pink Sheets (@A1Beverages) October 22, 2023
The Company would like to provide an update on the cancellation listed above of 166,568,157 shares of Common Stock. At this time, the Company has identified all the original corporate documents related to this issuance and are in the process of preparing to send the file to our corporate counsel to start the process of the cancellation of this Common Stock block with our transfer agent, Empire Stock Transfer out of Las Vegas, Nevada. The final piece we are waiting for is a signed affidavit from the Company's management team from 2017 to provide a factual baseline for the cancellation from the initial issuance of a licensing agreement to the failure to perform by the shareholder. The Company expects to send this file to legal counsel in the net two weeks to start the cancellation to the treasury process.
CEO, Lloyd Preston Jr. said "We have been working very hard to put together all of the original documents from almost seven years ago under a different management team and working with them on putting together a full affidavit of facts that will be required to provide a well-documented case for the cancellation of the block of 166,568,157 shares of Common Stock. Once this cancellation is completed, the issued and outstanding Common Stock will drop from the current 360,756,038 to 194,187,8810, an additional lowering of 46.17%. To move forward as a growing publicly quoted Company, we felt it was proper course to amend our capital structure to remove all previous issuances of Common Stock that were either improperly issued or not earned by the recipients of the equity positions. That is our focus, and over the past three months we have been successful in these endeavors and will continue to push forward with all of the disclosed potential cancellations of suspected Common Stock blocks."
When the amount of shares is decreased by ~50%, the share price will inverse that doubled.
If the shares out there on the books are cut in half, the price doubles. Simple math.
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