$AQPW - Thanks for the information GreenOwner. I looked at the 3/31/23 Balance Sheet and it shows no Intangible Assets (Patents), no work-in-process and no property. It also shows only $1,600 of Research and Development expense on the Income Statement. At first I was alarmed by this - It seems like they are not developing a product. However, after reading further, it appears the product is coming from Taucoin Asset Management, LLC.
I hate to sound lazy and ignorant, but how much to you know about Taucoin Asset Management, LLC?
FROM THE 3/31/23 Financial Statement:
Golden Ally is a developmental stage company that is currently implementing its business plan, which is to be a start-up focused on a unique product offering. Our activities to date have focused on the development and exploration of water filtration technology and consumer products with AQP Bottled Water. We have been working with field experts and research institutions to apply and explore the ability to enhance water filtration for improved body cell absorption in commercialized water products. During the quarter ended March 31, 2023, the Company continued taking steps to implement its business plan, including taking actions under various agreements related to the production, marketing and distribution of its products, including under a Supplier Agreement with Taucoin Asset Management, LLC and a Strategic Alliance Agreement with Taucoin Asset Management, LLC.
They have ALL of their money invested in this company. At this point, the only way they can get their money out is to sell. But there must be enough volume and price to get out. I am wondering whether they have more technology that will play into this stock? Benjamin Yeung owns Patents. If they include other holdings into this company the stock price will explode much higher.
$AQPW - I was wondering if anyone had made the effort. Thanks for posting.
I kind of had the feeling right from the start that we, the existing shareholders at the time of the merger or acquisition, are just something that Management has to put up with for now. Not really a welcome from them at any point.
I suppose it makes no difference to me as long as we make some $$$$$ here!
I have tried to call them on the phone several times. I have sent emails several times. And I sent a snail mail letter to them. They do not reply. Nobody at home and no 10Q. Hmmmmmm?
$AQPW - They have not been late for recent filings. Hopefully it gets done soon or we at least get notification that the filing will be late (which they should have done already, since we're past the due date at this point).
Have we ever had an update from this management team?
I have an update for you - we are now EM.
Think about all of the mouths they have to feed. They would not have added to their burdens by going public unless they had a game plane that would produce profits. These guys know what they have and they are positioning themselves.
Another thing is they didn’t provide a timeline for the affiliate co of when they will have the platform ready. Or maybe I couldn’t find it? Revenues expectancy and ROI for the payment of almost 2mm they did to their affiliate co. ?? It’s nice to see that at least an agreement was made but at the end of the game it’s all very very vague.
Compensation for high management crazy high 5mm usd or so?? Wow. And with cero revenues. Come on.
Going forward is a concern.
Many things are on the air and honestly it will be good from their part to provide details and prospects of what they see and want to achieve.
AQPW - wstinsider brings up a legitimate point. You say they have put up a lot of money - but some of it is going to a related party. Related party transactions often times smell. That's why GAAP requires that they be disclosed.
What is the related party doing to help AQPW?
The Financial Statements look very professional - like a company that has hopes of uplisting imo.
We will not know what is being developed until they report their results. They have put a lot of money and effort into this, so it implies that they are serious and not just blowing smoke. I was impressed with the David Geffen Medical facility in Los Angeles. They are currently doing research on the uptake of water based drugs and nutrients using the Aquoporin Water.
Si we enter an agreement and we are paying a related party ??? And what they brought exactly to the table??
On January 3, 2022, Golden Ally entered into an agreement with a company owned by a related party, Taucoin Asset Management LLC, to develop and implement marketing strategies for its products and paid $1,000,000 on January 12, 2022, per the terms of the agreement for services, and subsequently another $200,000 was paid.
In July 2022, the Company paid a related party, Taucoin Asset Management LLC, additional amounts of $200,000 and $400,000 to develop and implement marketing strategies for Company products.
AQPW - Nice transparency here. Lots of detail in that explanation.
GreenOwner, Thanks for posting.
Golden Ally Lifetech Group, Inc. (the “Company”) has experienced a delay in filing its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 (the “Form 10-Q”) by November 14, 2022, the original due date for such filing. The Company is unable to file its Form 10-Q within the prescribed time period because it requires additional time to prepare and review its financial statements, including the notes thereto, for the quarter ended September 30, 2022, primarily due to on-going transition matters related to various corporate transactions and transitions occurring during the Company’s first and second fiscal quarters, and the Company’s transition to a new independent registered public accounting firm in October 2022. As a result, the Company is unable to file its Form 10-Q by the prescribed filing date without unreasonable effort or expense. The Company currently anticipates that it will be able to complete the work described above in time for the Company to file its Quarterly Report within the 5-day extension provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.
Understand. Let’s see and continue to wait. In my experience in investments is never good to be quiet. I hope they understand that.
Not YOU. The President, CEO, COO, and on down the line. THEY are arrogant. But their talents might just result in revenues.
Tks for the adjectives. I don’t see how I’m being arrogant on suggesting communication from management. It’s the normal thing to do.
Just because you have a high IQ and you are arrogant, does not mean that you have common sense, social skills or compassion for the people that support you. Don't give up on these guys (and gal). Nobody knows whether to expect anything during this Quarter. The least that we can hope for is that there is no bad news. The we can hope that the bottling process is pumping out full bottles. Then we can hope that these bottles have been placed on shelves in stores. Then............if we are really lucky........they might report some sales. Best not to expect much and then celebrate anything mediocre.
Green. I agree with that. What I don’t agree is that they came took the company and the CEO didn’t even presented himself nor a plan or vision of the company. That itself screams to me not so positive things about management. We shall see on the 10q. Not expecting much from it though.
It doesn't matter.
There is no volume. All Insider's own the company and they are not selling (and cannot sell for 2 reasons: 1- They must wait for 12 months after the Merger, and 2- There is no volume)
Coming down from .45
Insider's own (hold) 84%.
They cannot get out of their positions without significant volume. This means that they have confidence in what they are doing. The 10Q is due out in about 10 days. Then we will know what has transpired in the past 3 months.
750 shares is nothing. Don't get excited.
On October 18, 2022, the Board of Directors and acting Audit Committee of Golden Ally Lifetech Group, Inc. (the “Company”) appointed Fruci & Associates II, PLLC (“Fruci”) as the Company’s new independent registered public accounting firm. During the Company’s two most recent fiscal years, and the subsequent interim period through October 18, 2022, neither the Company nor anyone acting on the Company’s behalf consulted Fruci regarding either (a) the application of accounting principles to a specified transaction, either completed or proposed or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report or oral advice was provided to the Company that Fruci concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (b) any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (“Regulation S-K”) and the related instructions thereto) or a reportable event (as described in paragraph 304(a)(1)(v) of Regulation S-K).
They have 45 days for that so maybe up to Nov 15
Let’s see what they bring. This new management think that being silent is the best way. Let’s see what they bring.
10Q should be 11/01 for the period ending 09/30/22
If they pull this off it will be jaw dropping, the talent is there, the product is there, it is just a matter of timing... at least management is not trying to "keep the hope alive"..... so we wait.
I bought this May 10 2022, it could be a long term capital gain by the time I am ready to sell. Or it could blow up within a week, who knows.... so we wait.
it would be nice to hear something again from the company. I sent several emails and never got an answer. I asked as a "client" , not as a shareholder.. very strange and boring
thanks for the PM SP. I have no premium anymore, so cannot answer. All good and nice here
Call in the brainiacs!
The Golden Ally Lifetech ("GALTG") AQP Active Water project is a derivative of an academic inspiration from the 2003 Nobel Laureates in Chemistry, Peter Agre, for the discovery and pioneering research of water channels, also called aquaporins ("AQP"), in cell membranes. The AQP active water technology roots from Japan, where the founder Prof. Kitagawa uncovered that water treated by an exclusive proprietary material offered enhanced biological effects. He proposed that the structure of water cluster altered by this proprietary water technology fundamentally distinguishes the AQP water with other functional waters. His exclusive partnership with a U.S.-based engineering team aims to mass-produce proprietary AQP water, firstly offering the distinctive water products in the U.S. GALT's mission is to advance human health through our proprietary water technology. Cells are the basic structural and functional units of life, consisting of a cytoplasm enclosed with a cell membrane. Cell membrane provides a protective barrier around the cell while regulates which materials or molecule can pass in or not. Like ionic channels, such as calcium ion (Ca2+) channel, potassium ion (K+) channel, sodium ion (Na+) channel, and proton (H+) channel, that regulate the transport of ions across the cell membrane, the transport of water across the cell membrane is mediated through water channels, also called aquaporins, and driven by the osmosis pressure across the cell membrane.
Whoever bought at $.14 got a hell of a great buy!!!!
Some people bought in the 20's.
$AQPW - Stockpicker, I'm very encouraged by the trading today - even if it's limited. Nice to see the hits on the Ask which has gone up the last week or so.
(I don't understand the one sale at $.14 - very strange - I was just about to mock those low Bid amounts too!).
The low volume is a problem for if you are trying to sell (I'm not).
It's so thinly traded right now since not many know about it - and we haven't received any updates other than the required formal filings.
We'll see what happens!