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Check out the net income for the last 5 quarters. What a complete sh*t show. Never ending losses since inception. This DESERVES to be bankrupt, to save retail and unsuspecting investors. Brian Bonar belongs in PRISON.
I haven't invested at all and also never shorted the stock. Just hate to see scams making the OTC market a garbage scape.
Net Income Cont. Operations (7,588) (5,201) (5,406) (4,816) (8,236)
Not going To debate with you. Many many companies not just Amazon had massive losses before turning the corner. Looks like you are not interested in DFCO so you comments mean nothing.
This is not Amazon, this is a distressed corporation that has been accumulating massive debts for years, with no effective products, and over hyped PR.
Have any of you actually read this companies financials or know anything about their business or order books? I think not, sounds like you have a personal interest in pushing this stock.This company has posted loss upon loss upon loss, made massive hype about their products but never posted a success story. This corporation has accumulated deficits of over $160M and has advertised massive contracts worth hundreds of millions which have never materialised, Their last 8K showed they overstated revenues for the quarter by $2.3M due to material weaknesses in their financial procedures and their 10Q and 10K reinforce this. Some of the positive comments on here are misleading bordering on market manipulation. Invest in this corporation at your peril.
Spot on. Saw a bid for nearly 1.5 million shares in the mid .05s yesterday. Market is just waiting on the fins to drop now, the chart is beyond oversold. We're coiled as coiled gets, just need to get the catalyst to spring us free.
Back to prices before a great year. There are still a few things to get ironed out, but seems ilke Tax loss harvesting has been taken advantage of due to the timing of some filings. I'd imagine there are some big buys coming at the beginning of the year going into earnings report and what looks to be a great 2025. I'm optimistic still in the long run and the short term looks positive for any short term investors as well. Previous supports that were broken will be minor resistance points on the way up as short term traders are bought out. I'd see much less resistance on the way up as opposed to what we've seen on the way down. Loooong accumulation period if you zoom out for long term investors. Happy New Year!
Dalrada Financial Corporation Provides Update on Selection of New PCAOB Auditing Firm October 17, 2024 SAN DIEGO, CA – October 17, 2024 – Dalrada Financial Corporation (OTCQB:DFCO) (“Dalrada,” “the Company”), announced today that the company is currently active in the process of interviewing several PCAOB auditing firms to replace Assurance Dimensions. The company expects to engage a PCAOB auditing firm shortly and file its form 10-K for the year end June 30, 2024.
The company received notice of resignation from Assurance Dimensions on October 11, 2024, two business days prior to the deadline to file its June 30, 2024, Form 10-K, as stated in the 8-K filed on October 15, 2024, https://www.sec.gov/ix?doc=/Archives/edgar/data/725394/000168316824007149/dalrada_8k.htm. Assurance Dimensions was engaged to review the financials for the quarter ended March 31, 2024, audit the consolidated financial statements for year ending June 30, 2024, and the subsequent quarters.
Brian Bonar, CEO of Dalrada Financial Corp. stated, “When building a company experiencing rapid growth and achieving its business goals, we must maintain agility and adaptability to stay focused on our objectives, even when faced with challenges. As Dalrada continues to expand and thrive, I’m eager to find a new audit partner who understands our diverse operations and can support our growth in the years to come.“
About Dalrada Corporation
Dalrada Financial Corporation (OTCQB: DFCO) is a multi-national holding company that develops, manufactures, and sells a robust suite of products and services in the Clean Energy and Health Care sectors. Dalrada’s core segments include Dalrada Climate Technology, which offers cutting-edge heat pump technology for industrial and residential applications, and Genefic Specialty Pharmacy, which provides end-to-end prescription services as well as patient advocacy and support.
Dalrada consistently drives innovation that delivers maximum impact, bringing increased value to its shareholders.
For more information, please follow us on LinkedIn, Facebook, Twitter, and YouTube Channel.
Brian Bonar's Net Worth Buy Compare Brokers -$198 Million Estimate Recalculated Nov 1, 2024 06:07AM EST Who is Brian Bonar? Brian Bonar does not have any significant net worth to report based on the numbers we have. This is based on reported shares across multiple companies, which include DALRADA FINANCIAL CORP, and Smart-tek Solutions Inc.
SEC CIK Brian Bonar's CIK is 0001229069
Past Insider Trading and Trends 2021 was Brian Bonar's most active year for acquiring shares with 45 total transactions. Brian Bonar's most active month to acquire stocks was the month of January. 2004 was Brian Bonar's most active year for disposing of shares, totalling 1 transactions. Brian Bonar's most active month to dispose stocks was the month of November. 2012 saw Brian Bonar paying a total of $202,648,220.00 for 118,500 shares, this is the most they've acquired in one year. In 2004 Brian Bonar cashed out on 7,000,000 shares for a total of $70,000.00, their largest year based on trade value.
See you guys here every day to analyze, investing in stocks to make money is to rely on analysis? The real scarce resources are in the hands of a very small number of people😄
Some are from tax losses selling, some restricted shares came into the market but I think largely is shorting due to late filing but I got boat load of it around 0375 when that 1.3 mills hits the market.. The washed out was needed then now we will continue to rise up to .20 is the big resistance.. but that should be taken out because that over 1mil weere sitting above that the past months and we couldn't go past that but that fool sold that shizz qt .0375.. dang stupid f... But i got them..lol
Key PeopleWho own Bevolve Corp Name Pauline Gourdie 4 ~ Background Report ~ President Brian Bonar 30 ~ Background Report ~ President Pauline Gordie ~ Background Report ~ President Pauline Bourdie ~ Background Report ~ President Corporate Filings for Bevolve Corp California Secretary of State Filing Type: Articles of Incorporation Status: Active State: California State ID: 03211594 Date Filed: Tuesday, June 23, 2009 Registered Agent Legalzoom.Com, Inc. Source California Secretary of State Data last refreshed on Monday, April 4, 20
The big sellers that was sitting there over 1.3 mills above .20 for long time and finally dumped last week around. 0385. Why dumped it so cheap?? Now that's cleared out we should be making way back up fast.. Adding much more past days because is so cheap..
Note that BRIAN BONAR and other members of his family are mentioned in the above post.
XenaLives
Member Level Re: None
Saturday, April 28, 2012 11:49:21 AM
Post# 24924 of 224821 Nothing run by BRIAN BONAR is ever good for stockholders.
STTN some research inspired by the filing of the last 10Q on November 21, 2011
The stock started to plummet the day before the 10Q filing (maybe some insiders with advanced knowledge that the 10Q was going to be brutal decided they better start getting out early?)
Before we get to that a quick rundown on the events that have happened over the past few months:
-----
Starting shortly after the former Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer and founder of the company, Perry Law, tendered his resignation from his last remaining position of Director effective immediately on June 3, 2011 things have taken a very bad turn for the worse.
On June 9, 2011, Brian Bonar signed a toxic financing agreement with La Jolla which included a $500,000 debenture agreement and the right for La Jolla to purchase up to $5,000,000 worth of stock at 80% below the market price. To date this agreement has not been executed.
On June 15, 2011, Brian Bonar issued himself 21,897,999 shares at no cost. According to the recently filed 10Q those shares were issued for $218,979 in compensation owed. On June 15, 2011, STTN closed at $.071/share making the actual value of those shares $1,554,757.93.
On July 29, 2011, Brian Bonar and Owen Naccarato met at the Rancho Bernardo Inn and used their 24,897,999 shares to elect themselves as the new Directors for the STTN shell.
On October 17, 2011, Brian Bonar brought his son, Colin Niven Bonar (aka C. Niven Bonar aka C N Bonar), into the picture by purchasing a group of companies which were all wholly owned subsidiaries of American Marine LLC, a company controlled by both Brian Bonar and C. Niven Bonar, for $50,000 and a $500,000 debt Note.
Owen Naccarato (STTN Director) served as the legal counsel for the signed agreement between father and son.
C. Niven Bonar and Brian Bonar were previously linked with Dalrada Financial Corp (DFCO). Both C. Niven Bonar and Brian Bonar's daughter, Pauline Bonar, were initial shareholders in Dalrada Financial Corp back in 1999 while Brian Bonar was the CEO. Not so coincidentally Owen Naccarato was and still is the legal counsel for Bonar linked Delrada Financial Corp.
APRO was (I used past tense because that company is basically dead now) a PEO company just like STTN is now.
APRO even uses the same address as STTN
11838 Bernardo Plaza Ct. Suite 240 San Diego, CA 92128
Which is in shouting distance from American Marine LLC
11838 Bernardo Plaza Ct Suite 210 San Diego, CA 92128
And is within walking distance from Dalada Financial Corp
11956 Bernardo Plaza Drive #516 San Diego, CA 92128
John Capezzuto who works with Brian Bonar with APRO also worked with Brian Bonar with scam company Warning Management Services Inc. (WNMI) which was revoked by the SEC on May 22, 2009
Allegiant Professional Business Services, Inc. (APRO) Blackbird International Corporation Oakville Canada (BBRD) --- This was added to the original post --- Com-Guard.com, Inc. (CGUD) Dalrada Financial Corp. (DFCO) Diverse Media Group, Inc. (DVME) DPOLLUTION International Inc. (RMGX) eMamba International Corp. (EMBA) Family Room Entertainment Corp. (FMYR) Genco Corp. (GNCC) Global Digital Solutions, Inc. (GDSI) Icon Media Holdings, Inc. (ICNM) ITonis, Inc. (ITNS) Lexico Resources International, Inc. (LXXI) Markray Corp. (RVBR) Quad Energy Corp (CDID) Ree International, Inc. (REEI) Smart-Tek Solutions, Inc. (STTN) South Shore Resources, Inc. (SSHO) TapSlide, Inc. (TSLI) Velocity Energy Inc. (VCYE)
This link draws some interesting past connections between Corey Ribotsky and many companies that used Owen Naccarato as legal counsel
Then on November 21, 2011, the STTN 10Q for the 3rd quarter came out and it was ugly.
Cash on September 30, 2011 - $270,048 Cash on June 30, 2011 - $882,069
STTN lost $612,021 in cash during the 3rd quarter
Accounts payable and accrued liabilities on September 30, 2011 - $8,384,307 Accounts payable and accrued liabilities on June 30, 2011 - $3,256,689
STTN added $5,127,619 in accounts payable and accrued liabilities during the 3rd quarter
The accounts payable and accrued liabilities for the 2nd quarter was only $82,477
$5,127,619 is $2,129,070 more than STTN had in accounts payable and accrued liabilities for its entire existence from 1995 - through the 2nd quarter of 2011.
Why the $5,127,619 in accounts payable and accrued liabilities all in just a 3 month period? Who is all that money owed to?
Gross profit on September 30, 2011 (for 3rd quarter) - negative $155,177 Gross profit on June 30, 2011 (for 2nd quarter) - $1,685,183
STTN went from a profitable business to a company with a failing business. The cost of revenue for the 3rd quarter of 2011 was higher than the revenues themselves. They would have been better off not doing business in the 3rd quarter.
Subtract away the operation costs/expenses and
Overall operating loss on September 30, 2011 (for 3rd quarter) - $2,963,852 Overall operating loss on June 30, 2011 (for 2nd quarter) - $599,161
STTN's operating losses increased by $2,364,691.
During the 1st quarter of 2011 (the period ending March 31, 2011), STTN didn't have an operation loss. They had an operating gain of $363,354 after subtracting away all the costs of operations from the revenues for the quarter. It is obvious the direction that STTN is headed, and it is not good.
A further break down of the Selling, general and administrative expenses helps partially explain why STTN is headed down the toilet.
Overall Selling, General, and Administrative Expenses 1st quarter - $1,272,515 2nd quarter - $1,685,183 3rd quarter - $1,997,439
Since revenues dropped by 28% from the 2nd quarter to the 3rd quarter why did commissions increase by 235% during that same stretch?
----------------
The most disturbing parts of the recent STTN filings:
#1) Brian Bonar paying himself $1,554,757.93 in shares for a $218,979 balance that was owed to him then writing off the payment in the books as a $218,979 stock expense.
#2) Brian Bonar issuing himself and his son a $500,000 debt Note for a group of revoked business entities.
#3) The $5,127,619 in accounts payable accrued during the 3rd quarter alone. Who is all that money owed to?
#4) STTN went from a positive balance sheet at the end of the 1st quarter to a failing business whose revenues cost more than what they make.
#5) The past connections and histories of the main players involved in STTN.
What a time to find out if you're a believer in this stock/company. Literally nothing that I see has changed other than delinquent financial report which has happened to more companies this year compared to usual due to auditor changes.
I do think a lot of the dumping of the stock is from a former employee who left on not so great terms. He supposedly threatened DFCO he will try and hurt the progress of the stock and dump shares to keep the momentum down...
Either way we all are just waiting for the next two reports which should be out here shortly. I'm nibbling a little down here, never thought it be this low again
This happened one time in 2019 or 2020.. The stock dropped from .15 to .08 over 2 mills then is started moving after that and hits ath .91 2021 November.. in 2022 October down to .08 then to .46 in October 2023.. After capitulation the stock now should rise faster..because all the weak hands are out..
Good to see the company addressed the problem because people were panicking then stopped losses got triggered and shorts sellers but a lot of buyers today especially at the end.. Lets get this turtle going again..
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