Aluf Holdings Inc (AHIX)

[Slojab]

Oh, for Pete's sake! Guess who's president of BizzUniverse?

https://bisprofiles.com/fl/bizzuniverse-p15000061107

[Slojab]

Remember this headline?

Aluf Holdings, Inc. Terminates Agreement To Acquire ITBiometrics, Inc

FT. LAUDERDALE, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announced today that it has terminated the Common Stock and Asset Purchase Agreement (the “Purchase Agreement”) by which it had agreed during December 2021 to acquire ITBiometrics, Inc.

Closing under the Purchase Agreement had been subject to a number of conditions and although the parties have worked collaboratively over the past 10 months, certain material closing conditions under the Purchase Agreement have not been met as required. Accordingly, we have determined that it is in the best interest of Aluf Holdings and our shareholders to cease pursuing the transaction.

“Although we have terminated the Purchase Agreement with ITBiometrics, we remain fully committed to the expansion of our technology platform through the acquisition of suitable businesses, including those within the biometric space”, states Sam Jakobs, CEO for Aluf Holdings.

[Slojab]

Here we go again. The headline says one thing, the content shows another.

Aluf Holdings, Inc. to Acquire BizzUniverse, Inc. a Technology Company Serving Commercial and Business Development Communities

Aluf Holdings, Inc. ("AHIX") ("Aluf") (OTC PINK: AHIX) is a holding company engaged in acquiring, operating, and managing subsidiary companies in the development and sale of proprietary software, and technology solutions, today announced the execution of a non-binding Letter of Intent to acquire BizzUniverse SM, a privately held technology-based company.

The LOI forms the basis of an agreement which, if consummated, is consistent with the Company`s strategic plan to aggressively achieve profitability and growth through insightful value-added mergers and acquisitions. There are several steps outlined in the LOI, and after completion of satisfactory due diligence, a definitive agreement will be executed. Subject to the acceptance of the definitive agreement, closing is expected to take place on or before January 31, 2023. The Terms of the Letter of Intent contemplate total consideration for this transaction in the amount of $7.5M which includes issuance of restricted common stock and short-term seller financing in the form of an unsecured promissory note. No further information is available at this time.

[Slojab]

It's hard to justify actually making money (I won't say earning it) as an officer of a company that hasn't succeeded at doing anything for years while shareholders all lose there's.

Unregulated capitalism at its finest.

[Craig305]

And McWilliams is too busy running her own tax and accounting company.
AHIX is a side hustle for easy $

[Slojab]

I wonder how much Marks-Canty gets paid. In shares, of course.

Officers get paid even more and don't accomplish anything.

Look at what McWilliams pays herself. It's laughable.

[Retireme2]

Become a politician or their family.

[Craig305]

I need to find out how to get a position as a board member to be paid to do nothing.

[Slojab]

$.0061 and heading for the trips.

AHIX needs more cowbell.

[Slojab]

$.009. It was inevitable.

[judgeybrown]

IT biometrics ended up being scum. Thats sad really. Time wasted. Everyone loses. Hoping for better next go.

[Slojab]

I've lost track of how many times they've pulled this stunt over the years I've followed them. Just as an example I pulled up their 2016 annual and found this.

On March 18, 2016, the Company entered into a software acquisition agreement to acquire all right, title, and interest in and to a certain computer program and documentation which will be marketed as “software-as-a-service”, a webbased system that provides an easy way for the customer’s compliance officers to identify and resolve potential violations or problematic areas under the rules of compliance. This acquisition is expected to by the second quarter of 2018.

On October 31, 2016, the Company entered into a definitive purchase agreement to acquire all of the capital stock of a developer of hardware independent biometric processing software and leading provider of software development services as a subcontractor to major corporations. The Company concentrates on the design and development of large custom systems, such as high-volume message switches, large database systems, and the automation of large clerical systems. They also provide management consulting services to produce feasibility studies, procurement documents, special studies associated with automation or communications, and assisting customer staff in the development of automated systems. Under the terms of the definitive purchase agreement the closing date was initially to be held on or before December 15, 2016. The closing date has been extended, by the approval of all parties, until adequate financing has been achieved. This acquisition is expected to close during the second quarter of 2018.

Of course, neither transpired. The only year in which they reported revenue from actual sales was in 2018 from Colotrac and that ended up being rescinded. Too bad the SEC can't step in and protect the investment public by shutting down their share selling operation.

[Craig305]

They have quite the racket going on here. Create a shell, pay yourself with gifted shares of the company, put our PRs that you are going to acquire a company, then later say the deal fell through. Rinse and repeat.

[Slojab]

IT Biometrics was one of the target companies mentioned last year. There was more than one press release but it was never clear if they were for just one target company or if there was more than one.

AHIX likes to keep things fuzzy.

[Craig305]

What happened to the other LOIs from November 2021?
Quietly swept under the rug?

[Taur1112]

Excellent! Something bigger and better coming $$$

[Slojab]

Gosh, I never saw THAT coming.

[Slojab]

Aluf Holdings, Inc. Terminates Agreement To Acquire ITBiometrics, Inc

It's deja vu all over again.

Aluf Holdings, Inc. Terminates Agreement To Acquire ITBiometrics, Inc.
Press Release | 09/13/2022

FT. LAUDERDALE, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announced today that it has terminated the Common Stock and Asset Purchase Agreement (the “Purchase Agreement”) by which it had agreed during December 2021 to acquire ITBiometrics, Inc.

Closing under the Purchase Agreement had been subject to a number of conditions and although the parties have worked collaboratively over the past 10 months, certain material closing conditions under the Purchase Agreement have not been met as required. Accordingly, we have determined that it is in the best interest of Aluf Holdings and our shareholders to cease pursuing the transaction.

“Although we have terminated the Purchase Agreement with ITBiometrics, we remain fully committed to the expansion of our technology platform through the acquisition of suitable businesses, including those within the biometric space”, states Sam Jakobs, CEO for Aluf Holdings.

[Taur1112]

Thanks! You too

[Slojab]

Ha! Good luck with that, too.

Any real updates on progress

[Slojab]

Good luck.

[Taur1112]

Nice. Any real updates on progress and this moves fast and thin. .10+

[abazaba375]

Starter .0116

[Slojab]

Huh. AHIX filed their Q2 and no one noticed.

Still no revenue.

Only $30K has been raised from their offering.

As of June 30, 2022, the issuer’s current reporting period, the number of shares outstanding of our Common Stock was: 571,189,162
As of March 31, 2022, the issuer’s most recent reporting period, the number of shares outstanding of our Common Stock was: 162,094,581

05/01/2022 New Issuance 285,094,581 Common $285,095 No Donald C. Bennett Compensation Restricted 701

Oops. That was supposed to be Jakobs getting those shares. I guess someone missed that and there will have to be an amended report submitted.

The rest is too dismal to get into

[Craig305]

Wow...insane dumping today.

[Slojab]

Just not GOOD big volume.

[Taur1112]

Big volume

[Slojab]

That's a shame. Because in order for this to move, someone needs to pump it up. Just an 8-K won't do, as the last one proved. And the last pr was back in February.

[Craig305]

McWilliams does not answer emails...or takes multiple follow-ups to finally get a response.
My vote is now the new guy's responsibility. LOL

[Slojab]

We'll have to wait and see about that. Two days of heavy volume sinking the sp is alarming for shareholders. Meanwhile, Jakobs remains silent. I wonder who is going to be the company spokesman from now on, Jakobs or McWilliams. Or neither.

[Craig305]

700k T trade today.

You think this money is actually being used for a real acquisition this time? Or only operating expense of the shell for their salaries?

[Slojab]

200K added since my last update.

Outstanding Shares Updated:
162,094,581 (2022-05-27)
571,189,162 (2022-06-01)
Difference: +252.4% (+409M)

As of 8/2/2022

Outstanding Shares 571,389,162
Restricted 540,509,910
Unrestricted 30,879,252

[Slojab]

Yep. Another new low. And after releasing such "great" news last month, too. Go figure.

[Craig305]

Share structure updated today.
I'm sure before this continued dump.

[Craig305]

More pain today.

[Slojab]

We'll see if the count gets updated. This from my last update.

Outstanding Shares Updated:
162,094,581 (2022-05-27)
571,189,162 (2022-06-01)
Difference: +252.4% (+409M)

[Craig305]

Today was dilution day with AHIX.
Even had T trade.

[Slojab]

It seems like AHIX has become the little redheaded stepchild of the OTC.

The sp is now lower than where it was prior to the last press releases and is now having days of no volume.

Aluf Holdings Inc. to Begin Development of Digital Healthcare Device Press Release | 07/21/2022

Aluf Holdings Inc CEO Sam M Jakobs Letter to Shareholders Press Release | 07/14/2022

[Craig305]

Typical AHIX shenanigans.
Vague company. Vague PR. Vague product.

[Slojab]

SBN Group Corp has no physical location, website or internet presence whatsoever. This is the kind of company that AHIX teams up with to produce a product? Where and how are the questions that will probably never be answered.

Aluf Holdings Inc. to Begin Development of Digital Healthcare Device
Press Release | 07/21/2022
FT. LAUDERDALE, Fla., July 21, 2022 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX") ("Aluf") (OTC PINK: AHIX), a holding company headquartered in Fort Lauderdale, FL, engaged in acquiring, operating, and managing subsidiaries in the development and sale of proprietary software, bringing to market advanced technologies and business management solutions, announced today their plans in the development of digital healthcare devices. The development of the device is in collaboration with SBN Group Corp., a New York based healthcare solutions company focused on tailoring healthcare solutions for individuals, corporate clients, and healthcare providers. The primary goal of the device is to optimize the patient’s standard of living while maintaining independence, privacy, and safety.

“According to SkyQuest Technology Consulting, the global digital health market is projected to reach $551M by 2027 from $220M in 2021, at a CAGR of 16.5%,” states Sam M. Jakobs, Aluf Holdings CEO. “Expanding the offerings of beneficial healthcare products and services is key to serving our aging demographic and people with chronic medical issues. We look forward to joining this ever-growing industry and helping people maintain or increase their quality of life,” continues Jakobs.

[Craig305]

Look at the new PR that just came out. Could it be any more vague? LOL
There is no meat and all fluff.
Digital Healthcare Device.

[Slojab]

Suite 101 must be awfully big.

https://opengovny.com/corporation?address=187+Wolf+Road%2C+Suite+101&page=1

[Taur1112]

Nice follow up to the shareholder letter. They are doing work! This one will pop nicely soon imo

[AJH92]

$AHIX News - July 21. Aluf Holdings Inc. to Begin Development of Digital Healthcare Device.

https://www.otcmarkets.com/stock/AHIX/news/Aluf-Holdings-Inc-to-Begin-Development-of-Digital-Healthcare-Device?id=365589

[pepeoil]

That letter was boochit. Lol. Chingow, what a stroke

[Retireme2]

It was made as public information, not just stockholders. That is why it went through the OTC. It would have been mailed to the stockholders if it was only for them.

[Slojab]

It doesn't make any difference who it was addressed to.

[Taur1112]

Btw, that letter was meant for shareholders.

[Slojab]

Shareholders have been hearing the same thing for years. They should curb their enthusiasm until results are reported. And not just of acquisitions because they've seen them before (remember Colotraq) with nothing to show for them. And what of IT Biometrics?

[Taur1112]

Was very nice to hear! Acquisition(s) news coming! Back to $1