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That was a whole lot of nothing.
There was nothing different in what he said that hasn't been the mantra all along. He may have well said that the prior management was inept in developing a business.
Like you, a fellow Aluf shareholder, I am incredibly invested in our success.
But unlike you, Jakobs, they paid for their shares.
News - July 14. Aluf Holdings Inc CEO Sam M Jakobs Letter to Shareholders.
https://www.otcmarkets.com/stock/AHIX/news/Aluf-Holdings-Inc-CEO-Sam-M-Jakobs-Letter-to-Shareholders?id=364731
Issuing more shares means a decrease in SP...not an increase.
Expect this to continue to slide down.
No. Any expectations with AHIX is a fool's game. They're probably loading up their new CEO, Jakobs, with shares. And while they're at it, themselves. Meaning Bennett and McWilliams. And let's not forget the stubborn Lisa Marks-Canty, the last director holdout.
So since they are issuing more shares we should expect a pps rise soon, then perhaps another R/S next year maybe. It’s a shell game huh
They're taking care of themselves. Forget the fact that shareholders took yet another hit when they did that 1:1000 R/S a year and a half ago and they're already past the halfway point of maxing out the A/S again.
Oh, and that the mc for this shell is now a ridiculous $25,703,512.
Outstanding Shares Updated:
162,094,581 (2022-05-27)
571,189,162 (2022-06-01)
Difference: +252.4% (+409M)
I’ll take .10 to start!
It wasn't $10 a share. It was reduced from $.30 a share to just $.10.
Let’s see that climb!!!$$$
On or about July 28, 2021, the Company filed an offering under Registration A to raise up to $20,000,000. The proceeds of both offerings will be used primarily to close on multiple targeted acquisitions and become fully reporting. The Reg A was initially priced at $.30 per share. On or about September 23, 2021, a price adjustment to $10 per share was approved by SEC
It was?! $10?!
It is only the Unrestricted Outstanding Shares count that is relevant to current trading.
No, it's the company achieving something of value in order for the sp to increase and cause trading to happen. One can't focus on something so simple as the O/S when it doesn't change because the company isn't doing anything. No revenue reported as has been the norm lately. No revenue reported for all of 2021 also. Read the CONDENSED STATEMENT OF OPERATIONS on page 16 in the just released quarterly.
https://www.otcmarkets.com/otcapi/company/financial-report/334222/content
Aluf Holdings, Inc. (AHIX) is a holding company headquartered in Davie, FL, engaged in acquiring, operating and managing subsidiary companies in the development and sale of proprietary software. Through strategic acquisitions, the Company will develop and manage biometric, blockchain, AI software, technology, and cyber security companies as subsidiaries. To this, the Company has launched a very intensive campaign to target multiple strategic partnerships, business and software asset acquisitions and will rapidly develop a robust portfolio of technology assets over the next several years, allowing us to increase strategic partnerships, market share and profitability. The Company has selected a number of potential candidates in order to enable the success of this software and technology vertical. However, there are currently no products being sold.
Will be nice to start seeing this trade toward dollar land soon!
Share Structure - Updated May 20, 2022:
Transfer Agent Verified
No change - no dilution
Authorized Shares: 900,000,000
Outstanding Shares: 162,094,581
- Restricted: 137,312,353
- Unrestricted: 24,782,228
Note 1: It is only the Unrestricted Outstanding Shares count that is relevant to current trading.
Note 2: Low Unrestricted Outstanding Shares count - only 24.7M - for a stock in the .05 > $1 + range.
https://www.otcmarkets.com/stock/AHIX/security
It's "wait and see" mode once again for AHIX shareholders.
But it's been that way for years so they should be used to it by now. This is what, the 4th CEO they've gone through now?
It's another high priced mouth to feed with shareholder money. Hopefully he can actually do something that Teresa was incapable of doing.
It'll take more than just finding someone willing to be the CEO of a company like Aluf to move the stock.
News - May 5. Aluf Holdings, Inc. Announces Sam M. Jakobs as Chief Executive Officer.
https://www.otcmarkets.com/stock/AHIX/news/Aluf-Holdings-Inc-Announces-Sam-M-Jakobs-as-Chief-Executive-Officer?id=355639
The annual has been posted.
https://www.otcmarkets.com/otcapi/company/financial-report/327030/content
On a $148.5 trade. I wouldn't get too excited until we see the next few trades.
I can't imagine why AHIX would be selected for not being given an Attorney Letter and wonder what reason they might have. I'm waiting to see if FAVO gets one as they just filed their annual yesterday.
Huh.
Not very professional of the attorney.
If that's what happened. McMurdo, Esq., doesn't appear to have been banned by OTCM.
(Though why AHIX can't post the filings and just have a little delay on the Attorney's Letter is beyond my understanding.)
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
Issuers' regular SEC attorney informed us less than a week ago that he is unable to prepare Attorneys' Letter so we had to retain another SEC attorney for the purpose of writing the Attorney Letter. Additional time is required for the attorney to complete his due diligence on the company prior to writing the letter.
good charting history here
What’s up
Aluf Holdings, Inc. Acquires ITBiometrics, Inc., Specializing in Absolute Security for Online and Offline Financial Transactions Using High Security Biometric Technology Identity Authentication
$.0285 is the new all time low.
The biometrics company teresa was handed on a platter is now with stgz. Dont know much about this company, but she definitely made the worst decisions possible up until this point.
The acquisition of ITBiometrics didn't help the sp at all.
Now at a new all-time low of $.03.
No doubt. She has plenty of time on her hands.
Theresa might be too busy now running her other company TAX PARTNERS USA, LLC during the now busy tax season.
The day after the news, not a single share bought and the sp is still just a nickel.
AHIX needs a better story. Or more cowbell.
True. It's a good thing you're like Paul Harvey.
Providing that Edgar for ITBiometrics filing was "the rest of the story".
As we know, in the pinks, it's all about the story that can be told.
Reading is one thing. Comprehension, another.
No revenue for a company with one employee that has been in existence 4 years and with $62 in the bank doesn't make for an exciting investment.
Teresa must scan these filings to find such gems.
Good thing my link to the EDGAR filing for ITBiometrics' crowd funding provides the answers. For free!
Of course, some investors never read my posts. I'm not sure they can see them.
https://www.sec.gov/Archives/edgar/data/0001868656/000167025421000851/xslC_X01/primary_doc.xml
I have no idea what you're talking about. Care to explain?
The site is where ITBiometrics attempted to raise capital.
You’re quoting some paid site that just tries to capture your attention to buy a product
Form C filed with the SEC in July last year:
https://www.sec.gov/Archives/edgar/data/0001868656/000167025421000851/xslC_X01/primary_doc.xml
Garbage dd brother. You’re quoting some paid site that just tries to capture your attention to buy a product
Click on "Financials". It appears that a zero is what's blurred out for revenue the past two years. And ITBiometrics was founded in 2018?
https://kingscrowd.com/itbiometrics-on-wefunder-2021/
I'm waiting for AHIX to reveal the terms of this acquisition.
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