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LOL, that ought to help.
HHWW 1-12 R/S New Symbol: HHWWD
http://www.otcbb.com/asp/dividend.asp?sym_id=HHWW&dDate=4/3/2013&sDateType=ex_date
I don't think that you are mistaken on the 10K being overdue. They probably are not anxious to put that out since it would show how much money they burned through last year. This company has a history of spending money like a sailor on shore leave.
Basser
If Im not mistaken the 10k is overdue
Total Share Volume 111,673
Wow that is some huge volume right there if it were for maybe a half a day of trading instead of the whole month. However you didn't list how much of this pathetic trading was manipulated by the MMs as is usually the case in the conspiricy theory posts.
Really isn't it time to write off this company because there are not that many people that are buying the overpriced crap tatoo clothes that they put out? They would probably be better off instead of producing a lot of these scarves or hoodies if they would just wait for someone to order one and have some seamstress whip one out at a time on their sewing machine in the house.
When was the last time that this company filed anything?
Basser
Yup I am way more informed now that I have read that website!! Sure does make me want to jump in with both feet and buy some of that real fine Horiyoshi stock! LMAO!!
Basser
LOL, the web site is informational...
http://www.thethiiird.com/investor-relations/
HHWW >> MM MONTHLY >> MAR 2013 NITE
Total Share Volume 111,673
Knight Capital Americas LLC 53,251
ATDF
AUTOMATED TRADING DESK FINANC 32,350
ETRF
G1 Execution Services, LLC. 17,552
PERT
Pershing LLC 6,440
UBSS
UBS Securities LLC 2,080
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=hhww&SortBy=volume&Month=3-1-2013&IMAGE1.x=10&IMAGE1.y=1
link back for prior months' data
===
4kids
all jmo
Yeah the 10k would be good to read since it would show whether or not the company is still actually in business and if they were still burning through money like there was no tomorrow.
But in the big picture these MM monthly reports are far more interesting because they show the manipulation that is done everyday on zero volume! LOL!!
Basser
Im more interested in the 10k which I believe is due.
I can't wait for the March MM report to come out and document the evil MM's imagined manipulation of the shares of this totally worthless enterprise.
Waiting with baited breath.
Basser
HHWW >> MM MONTHLY >> FEB 2013 NITE
Total Share Volume 115,931
Knight Capital Americas LLC 56,462
ETRF
G1 Execution Services, LLC. 33,932
ATDF
AUTOMATED TRADING DESK FINANC 20,991
PERT
Pershing LLC 4,246
UBSS
UBS Securities LLC 300
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=hhww&SortBy=volume&Month=2-1-2013&IMAGE1.x=23&IMAGE1.y=3
link back for prior months' data
==
4kids
all jmo
I know, but just can't figure out why anyone would be interested in the amount of shares that each MM had traded through them. Fact is that the amount of shares that have been traded in the past year just barely make up ONE GOOD WEEK when it comes to volume.
This stock seems to have the support of just one, hence the statement that nobody cares. This needs a group behind it but that isn't going to happen since not that many people want to invest in a company that bleeds money like this one.
JMHO
Basser
I do ..
4kids
all jmo
Nobody cares!!!!!
Basser
HHWW >> MM MONTHLY >> JAN 2013 ETRF
Total Share Volume 202,004
G1 Execution Services, LLC. 83,235
NITE
Knight Capital Americas LLC 78,607
ATDF
AUTOMATED TRADING DESK FINANC 20,807
PERT
Pershing LLC 16,470
UBSS
UBS Securities LLC 2,785
CSTI
CANACCORD GENUITY INC. 100
hmmm ....
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=hhww&SortBy=volume&Month=1-1-2013&IMAGE1.x=29&IMAGE1.y=14
==
4kids
all jmo
Yup I'm a bagholder too. Every time the bastard pinkys reverse split and steal everyones money, they are done and the names of all management involved also put a lifelong black cloud over all of them.
So, HHWW isn't trading much at all, and has crashed in price. It is losing buckets of money, and expects to continue to do so.
Stick a fork in HHWW.
HHWW >> MM MONTHLY >> DEC 2012
Total Share Volume 107,409
If you add up the total volume for Nov and Dec there were not enough shares to even equal ONE PATHETIC DAY OF TRADING!!
JMHO
Basser
HHWW >> MM MONTHLY >> DEC 2012 NITE
Total Share Volume 107,409
Knight Capital Americas LLC 44,337 YTD >> 1,082,634
ETRF
G1 Execution Services, LLC. 27,372 YTD >> 90,794
ATDF
AUTOMATED TRADING DESK FINANC 20,506 YTD >> 47,754
UBSS
UBS Securities LLC 12,150 YTD >> 91,709
PERT
Pershing LLC 2,744 YTD >> 78,029
VFIN
vFinance Investments, Inc. 200 YTD >> 200
CSTI
CANACCORD GENUITY INC. 100 YTD >> 30,600
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=HHWW&SortBy=volume&Month=12-1-2012&IMAGE1.x=17&IMAGE1.y=5
just a reminder that a few MMs' changed out their tickers this year
so YTD totals show only for the most recent *ticker* (ie ATDF vs AUTO)
==
4kids
all jmo
HHWW >> MM MONTHLY >> NOV 2012 NITE
Total Share Volume 81,240
Knight Capital Americas LLC 41,484
ETRF
G1 Execution Services, LLC. 24,819
PERT
Pershing LLC 7,091
UBSS
UBS Securities LLC 6,946
ATDF
AUTOMATED TRADING DESK FINANC 600
CSTI
CANACCORD GENUITY INC. 300
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=hhww&SortBy=volume&Month=11-1-2012&IMAGE1.x=8&IMAGE1.y=4
==
4kids
all jmo
Well here we are in a New Year that will bring investors hopes for this failed company when they announce that someone has just bought a hoodie!!! Yipee doo da day!!!
Happy New Year
Basser
Almost the end of the month so I am waiting for the next in depth report on which of MM's sold a hundred shares during the month and what part each played in the vast conspiricy to drop the share price on this thriving clothing giant and fashion industry leader.
Basser
Poof...
Last sale .0148 -75.33%
One of the tatoo hoodies would have come in handy there to scare the daylights out of the turkey!!! LOL!!!
Basser
Beware: When Turkeys Attack The Fashionable.
http://www.kathylynnharris.com/things-you-may-not-know-about-texas-men-and-turkeys/
11,428.00 shares to buy one hoodie what a deal.
Ow! 0.035 -41.67%
But it's ok if you're a bid sitter, pick up them cheapies...
For the nine months ended September 30, 2012 , our Company has a loss of $1,672,858 and an accumulated deficit of $5,412,879 . Our Company intends to fund operations through operational cash flow and equity/debt financing arrangements................Can anyone say "TOXIC FINANCING????"
JMHO
Basser
HHWW >> 10Q FILED
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8557322
Tuesday, November 13 2012 5:11 PM, EST HORIYOSHI WORLDWIDE INC. - 10-Q - Management's Discussion and Analysis of Financial Condition and Results of Operations Edgar Online "Glimpses"
The following discussion should be read in conjunction with our consolidated financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this quarterly report.
Our consolidated financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.
Overview
Horiyoshi Worldwide, Inc. (HHWW) is a clothing and accessories design and distribution company whose products are inspired by the artwork of Japanese master tattoo artist Yoshihito Nakano - better known as Horiyoshi III. The Horiyoshi name has been internationally recognized for decades and Horiyoshi III is considered by his peers and followers as a legend in his field. The business was established September 1, 2008 to capitalize on the multi-generational legacy of the Tattoo Masters by offering consumers a unique collection of knitwear, t-shirts and accessory items. The company began selling its products in 2009. The "Horiyoshi" Collection retails at a suggested price point of approximately $140-160 for T-shirts, $480-945 for knits, $600-800 for hoodies, and $280-420 for scarves. In December 2011 , the Company launched the "Heroes & Demons" collection of men's t-shirts which retail at a suggested price point of $50-$75 . In July 2012 , the Company launched "The Thiiird" collection of men's t-shirts, denims, sweats and hoodies. The Thiiird retails at a suggested price point of approximately $79-$97 for t-shirts, $196-$304 for denims, and $214-$293 for sweats and hoodies. The rights to the Horiyoshi III design catalogue are exclusively licensed to Horiyoshi the Third, Inc. (HTT) a wholly owned subsidiary of HHWW ("the Company"). Horiyoshi Worldwide [U.K.] Limited, another subsidiary wholly owned by HHWW, was created in 2011 and operates the Company's first branded retail outlet in London .
The Company's design teams are passionate about the art work of Horiyoshi III and take great care integrating the imagery into the Company's garments. HHWW's management feels that it is positioning the Company to take advantage of the increasing inflection of design, art and culture in today's fashion world. By introducing quality clothes that infuse the internationally recognized art work of Horiyoshi III the company believes it is at the vanguard of a growing interest in unique aspects of the art and cultural imagery of the Far East. The Company's strategy includes the development of a line extension marketed at a lower price point and focused on larger markets. In conjunction a number of new distribution channels are under development. Our goal is to build a brand that is recognized throughout the world for creating quality products with universal appeal.
We were incorporated as Kranti Resources, Inc. (Kranti), in the State of Nevada on November 3, 2006 to engage in the acquisition, exploration, and development of mineral deposits and reserves. The company discontinued its planned mining activities and eventually adopted a new strategy to pursue opportunities in the fashion apparel industry. On May 18, 2010 , Benny Gill and Rimpal Samra resigned as Directors of the company and Jaskarn Samra resigned as President. On May 18, 2010 , Mitsuo Kojima was appointed as President of Kranti Resources, Inc.
On June 21, 2010 , Kranti effected a 2.1622 for one (1) forward stock split of outstanding stock. As a result, the company's outstanding share count increased from 4,387,500 shares of common stock to 9,486,653 shares of common stock, all with a par value of $0.01 . In addition, on June 21, 2010 , the company changed its name to Horiyoshi Worldwide Inc. to coincide with the redirection of its business toward fashion apparel.
On September 1, 2010 , the company entered into a share exchange agreement with Horiyoshi the Third Limited , a Hong Kong corporation, and the shareholders of Horiyoshi the Third Limited for purchase of the company.
On November 5, 2010 , President Mitsuo Kojima affected a Share Cancellation Agreement with Kranti and surrendered for cancellation all 6,486,600 shares held by him in common stock which left a total of 3,000,053 shares outstanding.
The share exchange agreement with Horiyoshi the Third Limited was subsequently amended and on November 5, 2010 the acquisition of all of the issued and outstanding common shares of Horiyoshi the Third Limited occurred. In accordance with the closing, Horiyoshi Worldwide, Inc. issued 3,000,000 shares of common stock to the former shareholders of Horiyoshi the Third Limited in exchange for the acquisition of all 10,000 Horiyoshi the Third Limited shares issued and outstanding. Upon close of the acquisition Horiyoshi Worldwide, Inc. had a total of 6,000,053 shares issued and outstanding.
On June 15, 2011 , Horiyoshi Worldwide [ UK ] Limited (HHWW UK ) was incorporated. HHWW UK is a wholly owned subsidiary of HHWW, and is a United Kingdom Corporation . HHWW UK is the owner and operator of the Company's first branded retail outlet, which opened in London in October 2011 .
On January 12, 2012 , we enacted a 10 to 1 reverse stock split which decreased the number of shares issued and outstanding to 6,351,406. All share and per share amounts presented in the financial statements have been retroactively adjusted to reflect the effect of the reverse stock split.
--------------------------------------------------------------------------------
Executive Summary
For the three months ended September 30, 2012 , we reported net sales of $376,428 , an increase of $110,382 , or 41%, more than the $266,046 reported for the quarter ended September 30, 2011 . Gross margin increased to 48% for the quarter ended September 30, 2012 compared to -28% for the quarter ended September 30, 2011 . Operating expenses, which include all selling, general and administrative costs, decreased $248,112 , or 27%, to $638,740 for the quarter ended September 30, 2012 as compared to $931,852 for the quarter ended September 30, 2011 . Net loss for the quarter ended September 30, 2012 was $499,444 compared to a net loss of $1,005,343 for the quarter ended September 30, 2011 .
For the nine months ended September 30, 2012 , we reported net sales of $839,272 , an increase of $306,412 , or 58%, more than the $532,860 reported for the nine months ended September 30, 2011 . Gross margin increased to 46% for the nine months ended September 30, 2012 compared to 13% for the nine months ended September 30, 2011 . Operating expenses, which include all selling, general and administrative costs, decreased $98,479 , or 5%, to $2,043,492 for the nine months ended September 30, 2012 as compared to $2,141,971 for the nine months ended September 30, 2011 . Net loss for the nine months ended September 30, 2012 was $1,672,858 compared to a net loss of $2,070,444 for the nine months ended September 30, 2011 .
Results of Operations
The following summary of our results of operations should be read in conjunction with our consolidated financial statements for the three months and nine months ended September 30, 2012 and September 30, 2011 .
Operating results for the three months and nine months ended September 30, 2012 and September 30, 2011 are summarized below:
Three Months Ended Nine Months Ended September 30 September 30 2012 2011 2012 2011 Revenue $ 376,428 $ 266,046 $ 839,272 $ 532,860 COGS $ 193,924 $ 339,559 $ 456,608 $ 461,412 Gross Profit $ 182,504 $ (73,513 ) $ 382,664 $ 71,448 Expenses $ 683,740 $ 931,852 $ 2,043,492 $ 2,141,971 Other Income (Loss) $ 1,792 $ 22 $ (12,030 ) $ 79 Net Loss $ (499,444 ) $ (1,005,343 ) $ (1,672,858 ) $ (2,070,444 ) Revenue
We earned revenues of $376,428 for the three months ended September 30, 2012 compared to revenues of $266,046 for the three months September 30, 2011 . For the nine month period ended September 30, 2012 we earned revenues of $839,272 compared to $532,860 for the corresponding period in 2011. Increased revenues in the three month and nine month periods can be attributed to increased awareness of Horiyoshi the Third products, expansion of our sales effort to new customers, the opening of our first branded retail store, and the launch of the Heroes & Demons and the Thiiird lines.
Cost of Goods Sold
Cost of goods sold for the three months ended September 30, 2012 were $193,924 compared to $339,559 for the three months ended September 30, 2011 . Cost of goods sold represented 52% of sales for the three months ended September 30, 2012 as compared to 128% for the three months ended September 30, 2011 . For the nine months ended September 30, 2012 , cost of goods sold were $456,608 compared to $461,412 for the corresponding period in 2011. Cost of goods sold represented 54% of sales for the nine months ended September 30, 2012 as compared to 87% for the nine months ended September 30, 2011 . This decrease in COGS as a percentage of sales for the three months and nine months ended September 30, 2012 can be attributed to cost savings from moving a portion of production from Japan to Los Angeles , smaller production quantities leading to less markdowns of slow moving inventory, and a larger volume of high margin sales generated from our branded retail store in London .
--------------------------------------------------------------------------------
Expenses
Our total expenses for the three months and nine months ended September 30, 2012 and September 30, 2011 are outlined in the table below:
Three Months Ended Nine Months Ended September 30 September 30 2012 2011 2012 2011 Selling $ 1,194 $ 3,623 $ 93,914 $ 100,070 General and administrative $ 656,965 $ 905,681 $ 1,873,113 $ 2,009,805 Depreciation $ 6,831 $ 3,798 $ 20,215 $ 7,096 Amortization $ 18,750 $ 18,750 $ 56,250 $ 25,000 Total expenses $ 683,740 $ 931,852 $ 2,043,492 $ 2,141,971
For the three months ended September 30, 2012 , expenses decreased $248,112 , or 27%, to $683,740 as compared to $931,852 for the corresponding period in 2011. This decrease can be attributed to a decrease in promotional inventory gifting and stock compensation expense incurred in 2012. For the nine months ended September 30, 2012 expenses decreased $98,479 , or 5%, to $2,043,492 as compared to $2,141,971 for the corresponding period in 2011. This decrease can be attributed large decreases in promotional inventory gifting and stock compensation expense offset by the expansion of personnel and office space and additional costs associated with the operation of our first retail outlet in London .
Liquidity and Financial Condition
Working Capital At At September 30, December 31, 2012 2011 Change Current Assets $ 1,238,177 $ 2,088,044 $ (849,867 ) Current Liabilities $ 1,817,644 $ 1,059,826 $ 757,818 Working Capital $ (579,467 ) $ 1,028,218 $ (1,607,685 ) Cash Flows Nine Months Ended Nine Months Ended September 30, September 30, 2012 2011
Net Cash Used in Operating Activities $ (1,738,340 ) $ (1,477,606 ) Net Cash Used by Investing Activities $
(13,382 ) $ (820,984 ) Net Cash (Used) Provided by Financing $ 678,004 $ (1,532,767 )
Activities
Net Effect of Foreign Currency Translation $ 967 $ -
Net (Decrease) Increase in Cash During the $ (1,072,751 ) $ (3,831,357 ) Period
For the nine months ended September 30, 2012 , net cash used in operating activities was $1,738,340 as a result of changes in our working capital and a nine month net loss of $1,672,858 .
For the nine months ended September 30, 2012 , net cash used by investing activities was $13,382 as a result of purchases of fixed assets.
For the nine months ended September 30, 2012 , net cash provided by financing activities was $678,004 as a result of proceeds of loans from shareholders and additional demand loans.
We will require additional funds to fund our budgeted expenses in the future. These funds may be raised through equity financing, debt financing, or other sources, which may result in further dilution in the equity ownership of our shares. There is no assurance that we will be able to maintain operations at a level sufficient for an investor to obtain a return on their investment in our common stock. Further, we may continue to be unprofitable. We may need to raise additional funds in the future in order to proceed with our budgeted expenses. Additionally, there is no assurance that any party will advance additional funds to us in order to enable us to sustain our plan of operations or to repay our liabilities.
--------------------------------------------------------------------------------
Liquidity and Capital Resources
Growth of our operations will be based on our ability to internally finance from cash flow, raise equity and/or debt to increase sales and production. Our primary sources of liquidity are: (i) cash from sales of our products; and (ii) financing activities. Our cash balance as of September 30, 2012 is $44,998 .
Prior to the $5,000,000 in equity financing in December 2010 , our Company funded some of its operations through debt financing with related party transactions.
As of September 30, 2012 , our Company was obligated to Steve Suk , a Director of Horiyoshi the Third Limited , for a non-interest bearing demand loan with a balance of $108,514 .
As of September 30, 2012 , our Company was obligated to Lone Star Capital Limited , a related party, for a non-interest bearing demand loan with a balance of $1,187,553 .
As of September 30, 2012 , our Company was obligated to AMS Holdings Limited , for a non-interest bearing demand loan with a balance of $150,000 .
Plan of Operation and Cash Requirements
Our wholly-owned subsidiary, Horiyoshi the Third Limited , began selling its products in 2009. Our wholly owned subsidiary Horiyoshi Worldwide [ U.K. ] limited, began operating our first branded retail outlet in London in 2011. Our plan of action over the next twelve months is to continue to market and sell the Horiyoshi and Heroes & Demons collections and raise additional capital financing as necessary, to grow operations.
The success of our operations will be based on our ability to grow by financing the operation through internal cash flow or to raise funds through equity and/or debt financing to invest in marketing, sales and distribution of our product line. The challenging markets for credit and for the sale of luxury apparel resulting from the recent financial crisis and current period of economic stagnation have negatively affected the markets for many luxury goods. The availability of equity and/or debt financings remains uncertain.
Going Concern
For the nine months ended September 30, 2012 , our Company has a loss of $1,672,858 and an accumulated deficit of $5,412,879 . Our Company intends to fund operations through operational cash flow and equity/debt financing arrangements. These sources may be insufficient to fund its capital expenditures, working capital and other cash requirements for the future. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about our Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.
Seasonality
To date, with the majority of the Company's revenues coming from the luxury segment there is seasonality in the revenue steam. The company attends important design shows that are focused on the Women's and Men's spring season and Women's and Men's fall season which occur in March and September. This translates into the Company booking a large portion of orders and corresponding revenues in the first and third quarter on a yearly basis. However, the introduction of the Heroes and Demons and the Thiiird collections and the opening of our branded retail outlet in London will serve to smooth out earnings on a yearly basis going forward.
--------------------------------------------------------------------------------
Critical Accounting Policies
Use of estimates
The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates include: revenue recognition; sales returns and other allowances; allowance for doubtful accounts; valuation of inventory; valuation and recoverability of long-lived assets; property and equipment; contingencies; and income taxes.
On a regular basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.
Revenue recognition
Our revenue recognition policy is in accordance with generally accepted accounting principles, which requires the recognition of sales when there is evidence of a sales agreement, the delivery of goods has occurred, the sales price is fixed or determinable and the collectability of revenue is reasonably assured. We generally record sales upon shipment of product to customers and transfer of title under standard commercial terms. All sales at our branded retail outlet in London are recognized at the point of sale.
Deferred revenue as of September 30, 2012 and December 31, 2011 were $512 and $48,435 , respectively. Deferred revenue represents prepayments and deposits required from certain customers before delivery of Horiyoshi the Third, Heroes & Demons, and the Thiiird products.
Return policy
Customers have the right to return merchandise and the return policy is set by senior management and consistent among all of our client relationships. Management monitors returns by clients carefully as we increase the number of retail outlets within our distribution network. Reserves are established to reflect actual and anticipated losses resulting from the returns of defected and unsold merchandise based on historical information. Currently we estimate returns to be less than 1% of our sales and reserves have been made accordingly each reporting period. The percentage of sales used in the reserve calculation is based on management's best estimate.
Accounts receivable and allowance for doubtful accounts
Accounts receivable are uncollateralized customer obligations due under normal trade terms requiring payment within 30 days from the invoice date. Customer accounts with balances over 90 days old are considered delinquent.
The carrying amount of accounts receivable are reduced by an allowance for doubtful accounts that reflects our Company's best estimate of the amounts that will not be collected. Our Company reviews outstanding accounts and based on an assessment of current creditworthiness, estimates the portion, if any, of the balance that will not be collected. Our Company provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Balances that are still outstanding after reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. Our Company has assessed accounts and determined that a reserve is necessary and at September 30, 2012 the allowance for doubtful accounts was approximately $7,531 .
--------------------------------------------------------------------------------
Cost of goods sold
Cost of goods sold consists of cost of purchases for resale to stores located in Australia , Canada , Dubai , France , the French West Indies, Italy , Japan , Kuwait , Mexico , the United Kingdom , and the United States . It also consists of cost of purchases for resale of our branded online Horiyoshi the Third and Heroes and Demons stores as well as our branded retail outlet in London . Through May 31, 2011 the Company purchased 100% of its merchandise for the from Stone Corporation Inc , a related party. Stone Corporation Inc. is organized and operates in Japan , and is 80% owned by Lone Star Capital Limited , a Hong Kong company and our principal shareholder and 20% owned by Master Horiyoshi III. Stone Corporation Inc. managed the process of contracting manufacturers and purchasing the materials that were used to produce our clothing and other products. Stone Corporation Inc. was invoiced by the producers and suppliers and passed those charges through to Horiyoshi Worldwide, Inc. As of June 1, 2011 the Company ceased its manufacturing relationship with Stone Corporation Inc. and began sourcing from producers and suppliers directly. Our customers are required to pay all shipping costs for the delivery of their orders.
Inventory
Inventories, consisting of finished goods, work in process, and raw materials are valued at the lower of cost, as determined by the average cost, or market. Cost includes all expenditures incurred in bringing the goods to the point of sale and putting them in a saleable condition. Prior to June 1, 2011 , the Company carried no salable inventory and shipped manufactured goods related to purchase orders directly from Stone Corporation . At September 30, 2012 inventory consists of $831,401 of finished goods, $10,869 of work in process, and $106,141 of raw materials.
Income Taxes
The Company accounts for income taxes in accordance with the FASB Codification Topic 740-10-25 ("ASC 740-10-25"), which requires that deferred tax assets and liabilities be recognized for future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. In addition, it requires recognition of future tax benefits, such as carry forwards, to the extent that realization of such benefits is more likely than not and that a valuation allowance be provided when it is more likely than not that some portion of the deferred tax asset will not be realized.
damn this market is sure looking ugly. revenues are abysmal, profits are non existent, and the PPS keeps getting shattered by low volume/little interest by investors.
my bet is; it is all the shorties fault that HHWW can't create a successful business model.
I hadn't thought of it that way but the analogy does seem to fit the mode of operation for Horiyoshi Worldwide!!! LOL!!!
basser
looks like hhww has had a 'router failure' and thus the wheels have fallen off the bus. oh well. with 150 shares traded last, it can't be the elusive NSS taking down this pig. more like lack of interest.
The stock does represent what I think might be an actual company but the trouble is that the company sells a product that nobody seems to actually want to buy. All anyone needs to do is read the filings for the company to see that they have burned through an incredible amount of money and don't really show that there is much chance to turn this whole thing around.
I think that HHWW is actually using a variation of the "Max Bialystock/ The Producers" scam. Take in $100 million in stock offerings. Cut Horiyoshi in for $5 million, and spend $50 million in promotion and running the business. When it folds, keep the rest, disguising it in the accounting somehow (highly marked up material costs? "Management" salaries? "Sales Commissions?").
Remember it is just the evil MM's and shorters that are driving the stock price for this fine company right into the toilet, at least that is what "some" here would want people to believe.
Indeed. The ENSSFM are behind every blade of grass, if I am to believe what happened at HHWW.
Hey we shouldn't pick on poor little Horiyoshi since all the market makers and shorters have put a bullseye on the back of this fine forward looking clothing company!!! After all it is not the fault of the company that no one buys any of their hoodies or scarves is it??? You know that at the bargain price of a thousand bucks for a scarf with a tatoo on it that people would be lined up for blocks around the store.
Remember it is just the evil MM's and shorters that are driving the stock price for this fine company right into the toilet, at least that is what "some" here would want people to believe.
JMHO
Basser
Watch as this stock continues its inevitable spiral to the land of sub-pennies.
C'mon, that 100 shares (~ $7.50 worth) is a helluva decoy in the overall ~65,000 shares traded (hmmm ~0.15%).
s
o *auto/atdf* was just a *decoy* utilized to mask the SOP bogus bs
very curious to see if PERT >> does the same for the coming month ;)
HHWW >> MM MONTHLY >> OCT 2012 NITE
Total Share Volume 65,574
Knight Capital Americas LLC 40,809
ETRF
G1 Execution Services, LLC. 12,534
PERT
Pershing LLC 10,031
BNCH
The Benchmark Company, LLC 1,300
UBSS
UBS Securities LLC 800
ATDF
AUTOMATED TRADING DESK FINANC 100
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=HHWW&SortBy=volume&Month=10-1-2012&IMAGE1.x=19&IMAGE1.y=6
so *auto/atdf* was just a *decoy* utilized to mask the SOP bogus bs
very curious to see if PERT >> does the same for the coming month ;)
==
4kids
all jmo
HHWW>> MM MONTHLY >> SEP 2012 NITE
Total Share Volume 44,945
Knight Capital Americas LLC 31,610
ETRF
G1 Execution Services, LLC. 9,661
UBSS
UBS Securities LLC 1,570
ATDF
AUTOMATED TRADING DESK FINANC 803
PERT
Pershing LLC 671
LAFC
R. F. Lafferty & Co., Inc. 330
CANT
Cantor, Fitzgerald & Co. 300
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=hhww&SortBy=volume&Month=9-1-2012&IMAGE1.x=21&IMAGE1.y=6
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4kids
all jmo
Stock now worth .005 pre split what an investment.
I really wonder why anyone would still be er anylyzing this pig with a highly detailed account of MM activity and imaginary shorting!!!!
This thing is dead and should be left to rest in peace!!
Basser
HHWW >> change out in pattern Last Trade 0.095 HHWW >> trades >> 10.19.12 $0.0700 4,000 OBB 10/18
must be eom *reset* time ;)
pert best on bid @ .072
pert best on ask @ .095
*volume* :0
none of the >> er >> *trades* >> adjusted pert's *size* either side
watch the resets next and the subsequent *hand off* and
which MM it is that *reports* >> volume >> to FINRA
Detailed Quote:HHWW
HORIYOSHI WORLDWIDE INC
0.095 0.025 (35.71 %)AS OF 3:33:04PM ET 10/19/2012
Trade Time 3:33:04pm ET
Last Trade Exchange OTC BB
Today's Change 0.025
Today's % Change 35.71%
Open 0.072
Today's High 0.095
Today's Low 0.072
Previous Close Price
10/18/2012 0.07
52-Week High
10/20/2011 0.70
52-Week Low
08/28/2012 0.06
Volume 15,305
10-Day Average Volume 2,027
90-Day Average Volume 4,140
dollar amount ~ $1,403.00
$0.0950 10,000 OBB 15:33:04 at ask pert (NC)
$0.0950 3,000 OBB 14:22:00 at ask pert (NC)
$0.0800 350 OBB 14:15:47 hidden
$0.0720 1,955 OBB 10:52:08 at bid pert (NC) ** reg sho
interesting to note which *trade* gets *marked* short
20121019|HHWW|1955|0|15305|O 12.7%
here are the trades .. earlier this week/month :)
$0.0700 110 OBB 10/18
$0.0700 1,200 OBB 10/18
$0.0700 500 OBB 10/18
$0.0700 1,000 OBB 10/17
$0.0700 100 OBB 10/17
$0.0700 500 OBB 10/17
$0.0700 600 OBB 10/17
$0.0700 200 OBB 10/17
$0.0700 300 OBB 10/16
$0.0700 100 OBB 10/15
$0.0700 550 OBB 10/15
$0.0700 200 OBB 10/15
$0.0700 1,000 OBB 10/12
$0.0700 100 OBB 10/12
$0.0700 130 OBB 10/11
$0.0700 100 OBB 10/10
$0.0700 1,500 OBB 10/10
$0.0700 100 OBB 10/09
$0.0700 100 OBB 10/08
$0.0700 4,000 OBB 10/08
$0.0700 750 OBB 10/08
$0.0700 1,300 OBB 10/05
$0.0700 1,300 OBB 10/05
$0.0700 300 OBB 10/04
$0.0700 150 OBB 10/04
===
4kids
all jmo
The stock does represent what I think might be an actual company but the trouble is that the company sells a product that nobody seems to actually want to buy. All anyone needs to do is read the filings for the company to see that they have burned through an incredible amount of money and don't really show that there is much chance to turn this whole thing around.
GLTU
Basser
Is this thing a real stock, or somebodys wet dream ?? I must have bought this one back in my drinking days. HHWW :[ At least there is a bid so I can dump this crap to someone for a writeoff. GLTA Pray for a pump here
Whooooohoooo!!! 200 shares went off so far today so I guess that it is about time that we should get a detailed account of the trading along with the complimentary short and distort report!! I know that I always find those to be very useful when I am deciding not to buy shares in this farce of a company.
The Heroes and Demons line must be tearing up the fashion world, I bet they are selling millions of hoodies out of the London store. Funny that we never hear anything from the London store, come to think of it we never hear anything period.
Basser
totally...
no point in watching these scams. Just check in every few months to look at another 97% drop and the accompanying excuses.
Yep, for the millionth time, success is just around the corner, down the block three lights, then take a sharp left, or is it a right? Anyway keep going until the next set of lights, and, ummmm... forgot what I was sayin'.
Horiyoshi Worldwide (HHWW)
0.06 ? 0.0 (0.00%)
Volume: 205 @ 11:27:56 AM ET
Bid Ask Day's Range
0.06 0.12 0.06 - 0.06
"and noted .. nite relo'ing on ask from 12c to 80c "
Man did that "relo" by NITE really start a buying frenzy on this pos stock!!!!!!! Why just today 205 shares have been traded and it isn't even the close of the day yet!!!!! WhooooooooHoooooooo!!! Just barely able to catch my breath because the trading is so fast and furious!!!!
JMHO
Basser
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Horiyoshi Worldwide Inc. (HWI), formerly Kranti Resources, Inc., incorporated on November 3, 2006, through its wholly owned subsidiary Horiyoshi the Third Limited (HTT), is engaged in producing menswear, womanswear, accessories and jewelry. The Company's products consists of three categories of goods: casual wear for men, casual wear for women, and unisex accessories. Its menswear collection features knit cardigans and crew and v-neck sweaters made from wool, silk and cashmere, as well as hooded sweatshirts and t-shirts. Its womenswear collection features short knit dresses, tank tops, leggings and scarves. In November 2010, the Company completed the acquisition of Japan based, fashion apparel design and production house - Horiyoshi the Third Limited.
The Company's accessories line features a range of jewelry, including rings, earrings, bracelets and pendants. The Company's products are based on the graphic designs of Master Horiyoshi III of Yokohama. Its products are distributed through apparel retailers worldwide. The Company markets its products primarily through referrals, product presentations, and special events or openings held in cooperation with its retailers.
Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third (HIII) - a high end clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury retail boutiques located in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.
"The Horiyoshi Collection transforms the unique vision and unequivocal precision of this revered tattoo artist and the richness of the Japanese tattoo tradition into an inimitable brand experience" said Mitsuo Kojima, President and CEO of Horiyoshi Worldwide.
HORIYOSHI the THIRD is a collection of modern mens/womens wear and jewelry inspired by legendary Japanese Tattoo Master, Horiyoshi III of Yokohama. The line offers a glimpse into the artistic realm of Horiyoshi III through exceptionally crafted knitwear and jerseys combined with exquisite accessory items.
With a focus on fit and quality of fabric, Horiyoshi the Third is a high end, casual clothing line with a subtle edge of mystery. Our line artfully ties together the raw beauty of Horiyoshi?s classic designs with modern sophistication and elegance. All products are produced in Japan on a limited run basis to ensure the authenticity and exclusivity of his name and work remains the symbol of his artistic legacy.
Horiyoshi the Third is pleased to announce the opening of the first 'Horiyoshi the Third' retail store in London, UK. Located on the trendy Connaught Street, the new store carries a full range of mens, women's and accessories.
Horiyoshi the Third Retail Store
"A great new line based on a living legend…"
- The New York Times
"…Horiyoshi the III, a label to keep your eye on."
- Vogue
"Horiyoshi III is to the art of tattooing what Karl Lagerfeld is to couture: a living legend."
- Style.com
Kate Hudson
wearing
Horiyoshi the Third
Knitted poncho with Phoenix print
Making a Mark: Horiyoshi The Third Clothing
The Tattoo Artist's Luxury Leisurewear Collection with Steve Suk
In the past year the tattoo has made several triumphant appearances on the runway. In the spring 2010 collections we saw trompe l'oeil garters at Chanel and full-body tribal markings at Rodarte. More recently, Scott Campbell inked the models at Louis Vuitton's spring 2011 menswear show with elaborate, exotic reconfigurations of symbols from the Chinese zodiac, and, of course, the LV monogram. For those who want their designs permanent but perhaps aren't keen on marking their actual bodies, living legend Horiyoshi III has turned his artistry to a line of luxury leisurewear in collaboration with entrepreneur Steve Suk, a long-time devotee who first discovered the Japanese master at the age of 14, sighting his work pinned on the walls of his local tattoo parlor in Vancouver. Suk has spent much of the past five years having Horiyoshi work on a full body tattoo: "The small tattoos I received in the West would never be adequate, and would never look the same as a tattoo done by him," he says. Suk spotted a gap in the market for refined clothing that appealed to both the tattoo subculture and the fashion world, and teamed-up with his ink guru to present the first Horiyoshi the Third collection in March 2009. This high-end streetwear-shot here by Johnnie Shand Kydd-comprises Japan-manufactured T-shirts, cashmere cardigans, slinky knot-front blouses, tunic dresses and generous scarves made with the finest yarn imported from Italy. Every piece is decorated with seasonal motifs, such as a tiger among maple leaves for fall or cherry blossoms for spring. The line also features expertly detailed, chunky jewelry in silver and gold, incorporating tattoo motifs like skulls and drago
Horiyoshi the Third: Tattoowear with low-key luxe - LA Times
latimesblogs.latimes.com/alltherage/2010/08/meet-japanese-tattoo-master-horiyoshi-the-third-.html
Thursday 30 September 2010
Horiyoshi The Third clothing is based on the artwork of Japan's tattoo master, Horiyoshi III of Yokohama. Rooted in traditional Japanese storytelling, images created by the master are true works of art embodying spirituality, strength and beauty. Their aim is to capture the mystical and sometimes magical feeling of travelling far lengths to receive a Hoyiyoshi III tattoo.
Horiyoshi III clothing in the Tourrette shop, Rue de Grenelle.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58118449
Pieces from the collection will also be available for purchase.
29th September - October 9th 2010
Paul Smith Tourrette
70 Rue de Grenelle
Paris
75007
France
Enrique Iglesias Wearing a Scarf by Horiyoshi III
Photographer Johnnie Shand Kydd Wearing a Black and White Tiger Print Horiyoshi III Scarf.
Actor Aaron Johnson and Wife Sam Taylor-Wood Wearing Horiyoshi III Scarves.
Kate Hudson Wearing a Double Print Horiyoshi III Scarf in Los Angeles.
STORES
Europe
Antonio Della Mura, Italy / Browns, United Kingdom / Garderob ,Moscow / Harvey Nichols, Birmingham / Harvey Nichols, London
Harvey Nichols, Manchester / Jades, Dusseldorf, Germany / Liwan, Paris / Matches Notting Hill, London / Patch, Saint Tropaz
North America
Alan Bilzerian, Boston / Bellhaus, Chicago / Blake, Chicago~Dress Code, Baltimore / Jamie, Nashville / Julianne, Port Washington, N.Y. / Leone, Vancouver, B.C / Max, Aspen / Maxfield, Los Angeles / Ron Herman, Los Angeles / Saks, Mexico / Savanah, Santa Monica / Tootsies, Atlanta / Tootsies, Dallas / Tootsies, Houston
Other Locations
4, Kuwait
Adam Heath, Claremont, Australia
Avec Homme, Rio De Janeiro
Eden Rock Rock Shop, French West Indies
Harvey Nichols, Dubai
DASLU, Brazil
BEAMS, Harajuku,Tokyo
"Sak's Fifth Avenue will be carrying Horiyoshi the Third's Spring / Summer 2011 Collection in their New York, Beverly Hills and San Francisco stores." in an e-mail on 12/09/2010 from Lexi Miller, Coordinator, PR & Events, Women's RTW, Saks Fifth Avenue, 212.451.3978
Horiyoshi Worldwide Incorporated
711 South Olive Street, Suite 504 Los Angeles CA 90014
Phone: +1 (213) 221-7819
Name | Age | Since | Current Position |
---|---|---|---|
Kojima, Mitsuo | 64 | 2010 | President, Chief Executive Officer, Treasurer, Director |
Catroppa, Ray | 49 | 2010 | Chief Financial Officer, Secretary |
Forrest, Robert | 2010 | Creative Director | |
Green, Dawn | 2010 | Commercial Director |
Name | Description |
---|---|
Kojima, Mitsuo | Mr. Mitsuo Kojima is President, Chief Executive Officer, Treasurer, Director of Horiyoshi Worldwide Inc. Mr. Kojima is currently the licensing agent for Pinky Wolman of Pinky and Dianne, a Japanese clothing label, located in Japan. He has held numerous senior management and advisory positions during his thirty-plus-year career in fashion, retailing, marketing and licensing. He has previously worked with international brands such as Paul Smith, Seven Jeans, Lanvin, Von Dutch, Porter Bags, Popeye, UT by Uniqlo, Nicky Hilton Group and Sonia Rykiel. Since 1969 to 1986, Mr. Kojima had been the lead buyer at Isetan Co. a department store located in Shinjuku, Japan. Mr. Kojima hold a degree in law from Gakushuin University located in Toyko, Japan. |
Catroppa, Ray | Mr. Ray Catroppa is Chief Financial Officer, Secretary of Horiyoshi Worldwide Inc. Mr. Catroppa has background in capital markets and financial analysis that comes from the 25 years he spent with top Wall Street firms in New York City, including Credit Suisse First Boston (CSFB), First Manhattan Corporation and Neuberger Berman. For the past 6 years, Mr. Catroppa has worked as an independent consultant and advisor to numerous public companies listed on the NYSE and AMEX. In 2002, he received the designation of Chartered Financial Analyst (CFA) from the CFA Institute. He holds a B.A. in Economics from Stony Brook University and an M.B.A. from Fordham University in New York City. |
Forrest, Robert | Mr. Robert Forrest is the Creative Director of Horiyoshi Worldwide Inc. Mr. Forrest is a fashion industry icon with over 40 years of experience in the high-end fashion apparel business. His expertise has been sought out by fashion designers such as Emanuel Ungaro, Giambattista Valli, Calvin Klein, Louis Dell'Olio and Rafael Cennamo and has been instrumental in the development of their products throughout the years. Most recently, Mr. Forrest collaborated with model and actress Elizabeth Hurley in the launch of Ms. Hurley's luxury lifestyle brand 'Elizabeth Hurley Beach.' From 1988 to 1991, Mr. Forrest worked for Giorgio Armani S.P.A. , reporting directly to Mr. Giorgio Armani and industry veteran Gabriella Forte. During the 1970's and 80's Mr. Forrest served as head buyer and Fashion Director for Browns London and Maxfield Los Angeles. As Creative Director of Horiyoshi Worldwide, Mr. Robert Forrest is responsible for all stages of product development from creative inception to marketing. |
Green, Dawn | Ms. Dawn Green is the Commercial Director of Horiyoshi Worldwide Inc. Ms. Dawn Green started her career in Fashion as a buyer for Feathers Boutique in Mayfair, London and was the women's wear buyer for world luxury boutique, Browns London. Ms. Green has held senior executive positions with fashion houses such as Paul Smith, Kisa, Omela, and Miss Italy. At Paul Smith, Ms. Green was instrumental in the expansion of key Paul Smith boutiques throughout Europe, North America and Asia. |
Horiyoshi Worldwide Inc. announced the appointment of Mitsuo Kojima to the position of President and Chief Executive Officer (CEO) and Ray Catroppa as Chief Financial Officer (CFO).
Horiyoshi Worldwide Inc. announced that it has completed the $5,000,000 equity financing with Milan based investment group, Zyndy Trade Corp. The Company closed the initial $2,000,000 on December 2, 2010 and received the final balance of $3,000,000 to close the financing. The net proceeds of $5,000,000 is now in the corporate treasury and will be used to expand the Company's primary business, Horiyoshi the Third. Under the terms of the agreement, the closing of this final drawdown consisted of the issuance of 1,580,137 restricted shares of common stock at the issuance price of $1.89857, pursuant to the pricing provisions of the agreement.
Horiyoshi Worldwide Inc. announced that the Company has expanded its UK distribution agreement with Browns Fashion.
Horiyoshi Worldwide Inc. announced that the Company has secured a retail distribution partnership with THE SWANK. Horiyoshi the Third's Spring / Summer 2011 Collection will be sold at select THE SWANK locations - including their prestigious flagship store in Hong Kong.
Horiyoshi Worldwide Inc. announced that the Company entered into a $5,000,000 equity financing agreement with Milan based investment group, Zyndy Trade Corp. The Company received funds in the amount of $2,000,000 under the terms of the agreement, leaving a balance of $3,000,000 that the Company can call upon to fund our business and expansion strategies. Under the terms of the agreement, the closing of this initial drawdown consisted of the issuance of 1,933,395 restricted shares of common stock at the issuance price of $1.03445, pursuant to the pricing provisions of the agreement.
Horiyoshi Worldwide Inc. announced that it has entered into a private financing agreement with Zyndy Trade Corp. (Zyndy) - an investment firm based in Milan. Under the terms of the agreement, Zyndy shall make available to Horiyoshi Worldwide up to $5 million dollars by way of advances. The Company anticipates an immediate initial investment of $2 million dollars.
Horiyoshi Worldwide Inc. announced that it has completed the acquisition of Japan based, fashion apparel design and production house - Horiyoshi the Third Limited (HIII). As previously announced, the Company was to issue 64,866,000 restricted shares of common stock for the acquisition. Under amended terms, the Company has instead issued 30 million restricted shares of common stock for the acquisition of HIII. As a result, with the successful closing of the acquisition, the Company has 60,000,535 shares of common stock issued and outstanding. Based in Japan, Horiyoshi the Third Limited designs, manufactures, and markets the "Horiyoshi the Third Collection" - a high end clothing and accessories product line based on the artistry of co-founder and World renowned Japanese Tattoo Artist, Yoshihito Nakano, (Horiyoshi III).
Horiyoshi Worldwide Inc. reported in its Form 8K that Ray Catroppa was appointed as Chief Financial Officer and Secretary of the Company, effective November 5, 2010.
Kranti Resources Inc reported in its Form 8-K that effective May 18, 2010, Jaskarn Samra resigned as President, Secretary, Treasurer and Director of the Company. Also on May 18, 2010, the Company received a consent to act from Mitsuo Kojima and it has appointed Mr. Kojima as President, Secretary, Treasurer and Director of the Company.
horiyoshi-thethird.com/#lookbook/1
Horiyoshi on Facebook
www.facebook.com/pages/Horiyoshi-III/39736791918
More to come....
Horiyoshi the third
Designer
Biography
Born Yoshihito Nakano in 1946, Horiyoshi III is considered to be the last living legend specializing in Irezumi, full body Japanese tattoos. Master Horiyoshi has been tattooing for over 35 years and his tattoos are usually outlined by free-hand using machine, but color is inserted using the traditional Tebori or Japanese hand poke tattooing technique.
His images are classical Japanese woodblock print motifs such as the phoenix, dragon, snakes, tigers, samurai warriors, Buddhist gods to name a few as well as background images of waves, clouds and various flowers. Among Horiyoshi III's published works are 36 Ghosts, 108 Heroes of the Suikoden, 100 Demons, and The Namakubi (severed heads), 100 Dragons and 58 Warriors. Horiyoshi?s artistic genius and generosity of spirit have had a defining impact on the world of tattooing, taking it to new levels in this new century.
"You study, study and study until you die and then maybe you would get close to being a full-fledged tattoo artist."
- Hiroyshi III
Contacts & showrooms
Multilabel showrooms
Sales Executive
Robert Forrest
mrrobertforrest@aol.com
T : (UK) +44 7703 57140 - (FR) +33 6 21 54 19 06
Dawn Green dawntgreen@gmail.com
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