Trucept, Inc. (TREP)

[XenaLives]

Every stock offering that Brian Bonar has done for close to 50 years has been a scam...

Why did IBM kick him out?

Probably because they knew he was a crook.

[XenaLives]

BRIAN BONAR has a decades old record of pump and dumps.

Yes, he may run another scam with Trucept... but the reverse merger will make any current stockholder's portion worthless.

Start reading this thread on his current pump and dump here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174213274

Did you know he lost control of one of his shells because he sold it to Nigerian money laundering interests and they were busted by the Feds?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174217160

[FinsDontRule]

Yeah, it's probably not a scam, it just feels like it when they don't do what they say. That's never a great sign. I've never seen the business in person, and sometimes scammers will go through great lengths to seem legit with pictures of smiling employees and professional office spaces, etc. It's hard to tell if you don't see it in person.

[MR1906]

I’m disappointed too re the lack of audited results + uplist as Management promised a couple years ago. But I don’t believe this is a scam. I’ve connected with a few folks that have worked there over the years and they are normal folks and said it’s a legit company. I’ve also been in this since STTN-days. Trep has been around for a LONG time!

[FinsDontRule]

I'll hold my share too, because I bought more than I'm able to sell...ever LOL

[genlou]

Trucept website https://trucept.com/our-company/#contact-us The name of some of the company's clients are provided. I will continue to hold my share.

[FinsDontRule]

The numbers are too good for this market cap. Not sure they're real. I doubled down when they hired an auditor a couple of years ago and they still have unaudited numbers. That was the one thing I thought would get this garbage to run. But they didn't do it. Probably a stock scam.

[genlou]

More good news at otcbb market

https://www.otcmarkets.com/otcapi/company/financial-report/394981/content

[genlou]

https://www.otcmarkets.com/otcapi/company/financial-report/394981/content

[genlou]

(PRNewsfoto/Trucept Inc.)

"We are thrilled to announce these outstanding financial achievements for the fiscal year 2023," said Norman Tipton, CEO of Trucept Inc. "Our relentless dedication to enhancing financial stability, operational efficiency, and sustainable growth has yielded exceptional results. We remain committed to delivering value to our stakeholders while maintaining a strong financial foundation."

Highlights include:

Successful Accounts Receivable Collection Efforts: Trucept focused its Accounts Receivable collection efforts in 2023, resulting in a substantial reduction in its AR balance by $4,118,457. This concerted effort underscores Trucept's commitment to financial stability and efficient operations.

Impressive Increase in Working Capital: Trucept accomplished a remarkable 111% increase in Working Capital during 2023. The increase of $1,063,214 brought Trucept's working capital ratio into positive territory. This achievement directly correlates with the successful cash collection efforts mentioned earlier, and reflects Trucept's sound financial management practices.

Sustained Operational Efficiencies and Corporate Growth: While focusing on corporate growth initiatives, Trucept also maintained its operational efficiencies throughout 2023. This is evidenced by the remarkable 44% year-over-year increase in "Profit from Operations" and the notable improvement in Net Profit Percentage from 8% in 2022 to 9% in 2023. These results underscore Trucept's ability to balance growth with operational excellence.

Trucept Inc. continues to innovate and adapt to meet the evolving needs of its clients while driving sustainable growth and delivering shareholder value. It's portfolio of professional services includes:

Data Driven Marketing, Technology, and Accessibility Act compliance

Insurance Offerings and Third-party Administrator (TPA) services

Full-Service Payroll

Human Resources and Management

Accounting Support

[XenaLives]

This one seems to be dead...

The six new business units include:

Afinida Marketing: Catering to the dynamic needs of modern businesses, Afinida Marketing will provide cutting-edge full-service marketing solutions and strategies to enhance brand visibility and drive growth.

Afinida Risk Management: With an emphasis on mitigating business risks, this subsidiary will offer comprehensive risk management solutions, helping clients navigate the ever-evolving business landscape with confidence.

Afinida Payroll: Ensuring smooth and efficient payroll processes, Afinida Payroll will offer both standardized and customizable payroll solutions tailored to the specific needs of each business.

Afinida Accounting: This subsidiary will focus on providing top-tier accounting services, from bookkeeping to financial analysis, assisting businesses in maintaining accurate records and making informed financial decisions.

Afinida Insurance: Addressing the diverse insurance needs of businesses, Afinida Insurance will offer a range of products and services, from general liability to specialized coverage options.

Afinida HR Services: Recognizing the importance of effective human resources management, this unit will offer HR solutions that help businesses recruit, train, and retain the best talent, while also ensuring compliance with labor laws and regulations.

https://www.prnewswire.com/news-releases/trucept-announces-the-formation-of-six-new-wholly-owned-subsidiaries-301962323.html

 
 02/08/24	0.0394	0.0394	0.0394	0.0394	10,000 
 02/07/24	0.0394	0.0394	0.0394	0.0394	1,960 
 02/06/24	0.0408	0.0408	0.0408	0.0408	4,060 
 02/05/24	0.0394	0.0394	0.0394	0.0394	4,000 
 01/31/24	0.0394	0.0394	0.0394	0.0394	5,024 
 01/25/24	0.045	0.045	0.045	0.045	2,500 
 01/24/24	0.0394	0.0394	0.0394	0.0394	700 
 01/23/24	0.045	0.045	0.045	0.045	100 
 01/22/24	0.038	0.038	0.038	0.038	300 
 01/16/24	0.046	0.046	0.046	0.046	1,000 
 01/11/24	0.0435	0.046	0.039	0.039	1,780 
 01/08/24	0.048	0.048	0.048	0.048	100 
 01/04/24	0.0435	0.048	0.0435	0.0435	2,500 
 01/02/24	0.0452	0.0452	0.043	0.043	10,400 
 12/29/23	0.0371	0.045	0.0371	0.045	24,002 
 12/28/23	0.041	0.045	0.0395	0.045	84,708 
 12/27/23	0.04	0.0451	0.04	0.0451	7,829 
 12/26/23	0.04	0.04	0.04	0.04	2,000 
 12/22/23	0.0479	0.0479	0.0479	0.0479	8,003 
 12/20/23	0.0465	0.052	0.037	0.044	69,000 
 12/18/23	0.0365	0.047	0.0365	0.047	8,550 
 12/14/23	0.0385	0.0469	0.0385	0.0469	10,000 
 12/13/23	0.0365	0.0469	0.0365	0.0469	4,090 
 12/12/23	0.0448	0.0448	0.0385	0.0385	3,000 
 12/11/23	0.0469	0.0469	0.0385	0.0385	22,833 
 12/08/23	0.0385	0.047	0.0385	0.047	9,000 
 12/07/23	0.0415	0.0428	0.0415	0.0428	5,400 
 12/06/23	0.047	0.047	0.047	0.047	2,404 
 12/04/23	0.0463	0.0463	0.0463	0.0463	7,312 
 12/01/23	0.045	0.049	0.0385	0.045	182,2 
 11/30/23	0.045	0.05	0.044	0.044	120,100 
 11/29/23	0.048	0.048	0.047	0.047	31,000 
 11/28/23	0.0445	0.0445	0.0445	0.0445	3,013 
 11/22/23	0.041	0.0435	0.041	0.042	65,002 
 11/21/23	0.052	0.052	0.038	0.0385	325,800 
 11/20/23	0.055	0.055	0.05	0.05	26,000 
 11/17/23	0.0535	0.055	0.052	0.055	59,920 
 11/16/23	0.055	0.055	0.0513	0.0535	14,193 
 11/15/23	0.047	0.055	0.047	0.05	151,080 
 11/14/23	0.045	0.046	0.0425	0.045	67,400 
 11/13/23	0.0449	0.045	0.044	0.045	140,100 
 11/08/23	0.0375	0.0375	0.0375	0.0375	21,878 
 11/07/23	0.0361	0.0361	0.036	0.036	15,002 
 11/06/23	0.035	0.0428	0.035	0.0428	57,400 
 11/02/23	0.043	0.048	0.036	0.048	14,101 
 11/01/23	0.039	0.039	0.039	0.039	20,000 
 10/31/23	0.039	0.039	0.039	0.039	20,000 
 10/30/23	0.039	0.039	0.039	0.039	118 
 10/26/23	0.0435	0.0446	0.0435	0.0444	36,400 
 10/25/23	0.0435	0.0435	0.0435	0.0435	10,000 
 10/24/23	0.0445	0.0445	0.039	0.039	4,900 
 10/23/23	0.0421	0.0421	0.0421	0.0421	10,000 
 10/20/23	0.0425	0.0425	0.0425	0.0425	60,000 
 10/19/23	0.0425	0.0425	0.0425	0.0425	420 
 10/18/23	0.0425	0.0425	0.0425	0.0425	30,300 
 10/16/23	0.043	0.043	0.043	0.043	1,000 
  
  
 

[XenaLives]

It was just an observation, hence the ????.

Day after day no trades are reflected on the IHUB chart.

I just looked up volume and delisting does seem to be on the horizon... there is no coherent business plan here.

 
 10/16/23	0.043	0.043	0.043	0.043	1,000 
 10/12/23	0.0425	0.0425	0.0425	0.0425	6,203 
 10/10/23	0.0519	0.0519	0.0488	0.0488	5,600 
 10/09/23	0.0488	0.0488	0.0488	0.0488	100 
 10/05/23	0.0488	0.0488	0.0488	0.0488	250 
 10/04/23	0.0515	0.055	0.045	0.045	29,200 
 10/03/23	0.0475	0.0535	0.0475	0.05	2,350 
 10/02/23	0.0451	0.0451	0.0451	0.0451	7,500 
 09/29/23	0.045	0.045	0.045	0.045	2,155 
 09/28/23	0.057	0.057	0.0486	0.0486	3,955 
 09/27/23	0.05	0.0576	0.05	0.0576	7,300 
 09/26/23	0.0525	0.0525	0.048	0.048	10,143 
 09/22/23	0.057	0.059	0.0525	0.0525	127,239 
 09/20/23	0.056	0.057	0.056	0.057	1,266 
 09/19/23	0.0558	0.0558	0.0558	0.0558	5,100 
 09/18/23	0.0525	0.056	0.0525	0.056	20,266 
 09/13/23	0.0525	0.0525	0.0525	0.0525	500 
 09/12/23	0.054	0.0569	0.054	0.0569	33,474 
  
  
 

[MR1906]

OTC website doesn’t indicate that at all. What data points or news prompts you to suggest delist?

[XenaLives]

Delisted????

[genlou]

IncomePress Release | 11/15/2023
Trucept Announces 427% Increase In Operating Income

PR Newswire

SAN DIEGO, Nov. 15, 2023

SAN DIEGO, Nov. 15, 2023 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) Trucept has increased operating Income by 160% and 427% for the 3 and 9 months ending September 30, 2023 as compared to the same periods the prior year. Trucept has also increased Net Income by 130% and 154% for the 3 and 9 months ending September 30, 2023 as compared to the same periods in the prior year. Trucept reduced Operating Expenses by 36% and 22% for the 3 and 9 months ending September 30, 2023 as compared to the same periods the prior year.

(PRNewsfoto/Trucept Inc.)

CEO Norman Tipton commented:

"We are incredibly grateful for our dedicated team's unwavering commitment and our valued customers' trust, which have led to our outstanding quarterly financial results. This achievement is a testament to our collective efforts and resilience. We remain focused on delivering innovative solutions, exceptional service, and sustainable growth as we move forward. Thank you all for being a vital part of our success story."

Trucept, offers professional services that help businesses navigate growth. The company's professional services now encompass the following:

Data Driven Marketing, Technology, and Accessibility Act compliance Services
Insurance Offerings and Third-party Administrator (TPA) services
Full-Service Payroll
Human Resources and Management
Employee Benefits Administration
Accounting Support
Safety and Risk Management

For additional information, visit www.trucept.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/trucept-announces-427-increase-in-operating-income-301988262.html

SOURCE Trucept Inc.
Back to News Headlines

[MR1906]

Great earnings!

[XenaLives]

Corporate masturbation --- typical BOANR/

[XenaLives]

Corporate masturbation --- typical BOANR/

[XenaLives]

This is just another BONAR con ....

[MR1906]

Hopefully this is in preparation for more news next month!

[genlou]

SAN DIEGO, Oct. 23, 2023 /PRNewswire/ -- A leader in business solutions, Trucept Inc., (OTC Pink: TREP) is proud to announce six new wholly owned subsidiaries, further expanding its portfolio and deepening its commitment to provide comprehensive business solutions. These new entities are based out of San Diego, CA, and each will focus on specific niches, ensuring targeted and expert solutions for clients.
(PRNewsfoto/Trucept Inc.)

The six new business units include:

Afinida Marketing: Catering to the dynamic needs of modern businesses, Afinida Marketing will provide cutting-edge full-service marketing solutions and strategies to enhance brand visibility and drive growth.

Afinida Risk Management: With an emphasis on mitigating business risks, this subsidiary will offer comprehensive risk management solutions, helping clients navigate the ever-evolving business landscape with confidence.

Afinida Payroll: Ensuring smooth and efficient payroll processes, Afinida Payroll will offer both standardized and customizable payroll solutions tailored to the specific needs of each business.

Afinida Accounting: This subsidiary will focus on providing top-tier accounting services, from bookkeeping to financial analysis, assisting businesses in maintaining accurate records and making informed financial decisions.

Afinida Insurance: Addressing the diverse insurance needs of businesses, Afinida Insurance will offer a range of products and services, from general liability to specialized coverage options.

Afinida HR Services: Recognizing the importance of effective human resources management, this unit will offer HR solutions that help businesses recruit, train, and retain the best talent, while also ensuring compliance with labor laws and regulations.

"By introducing these new subsidiaries, we are not only broadening our spectrum of services but also underscoring our commitment to excellence and specialization," said Norman Tipton, CEO of Trucept Inc. "With the Afinida range of services, businesses can now have a one-stop solution, addressing all their operational needs under one umbrella, or they can choose one or more specific solutions based on their specific needs. Each of the business units are led by industry veterans with deep experience in each core function, further adding value to our customer relationships."

About Trucept Inc.:

Trucept Inc. is a renowned name in the business solutions sector, dedicated to helping companies focus on their core operations while it takes care of the peripheral business processes. With its extensive suite of services and a commitment to excellence, Trucept has been a trusted partner for countless businesses, aiding their growth and success.

[genlou]

ath, SA News Editor

Trucept (OTCPK:TREP) said Monday it has formed six new wholly owned subsidiaries, further expanding its portfolio and deepening its commitment to provide comprehensive business solutions.

The six new business units include Afinida Marketing, Afinida Risk Management, Afinida Payroll, Afinida Accounting, Afinida Insurance, Afinida HR Services.

[Simonzx2]

I worry about the auditing firm...super small, top line is strong, margins increasing

[XenaLives]

He's a BONAR BUDDY...

Leader Norman Tipton CEO
Norman Tipton
Chief Executive Officer
Trucept, Inc. is headed by Chief Executive Officer, Norman Tipton, a native of San Diego. For the past 10 years, he has served as Vice President and General Counsel of the company. Since 2007, Tipton has been an advisor to several publicly-traded company boards, including Allegiant Professional Business Services Inc. and Dalrada Financial Corp.

https://trucept.com/our-company/

All three shells have gone bust and been revived again and again.

[ulmadi]

Can anyone tell me what the connections are from TREP to DFCO.
Thanks

[XenaLives]

All BONAR stocks are junk stocks....

[FinsDontRule]

I feel like they have a good chance for that too!

[SPM555]

IMO $TREP will move back up to test it's long term ceiling in the upper teens, and ultimately break that to new long term highs. I don't know what that path will look like or how long it all takes, but I think both $TREP and $DFCO are setting up to run hard.

[FinsDontRule]

I keep waiting for this to be more established and settle much higher. And I keep getting let down.

[MR1906]

$trep LET’S GO!

[genlou]

I certainly hope so.

[MR1906]

Think that means Audited results this report?

[genlou]

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.
Outside CPA is still reviewing the financial statements.

[batty boots]

Here you go again. Dalrada has nothing to do with payroll services. Not relevant

[FinsDontRule]

Yep, not worried. Probably just one person getting tired of waiting.

[MR1906]

Looks like someone is dumping a bit today. Whelp, at least some movement, lol!

[MR1906]

I honestly don’t know at this point. Ping them on Twitter and let’s apply some pressure.

[FinsDontRule]

Are they really going to have audited financials? Or is that a bunch of fluff? Been holding for over a year now. I double my position when I heard they were going to get audited to add some legitimacy to their numbers. Is this just more penny-BS?

[MR1906]

Based on their most recent quarterly report, they still do provide accounting services, amongst several other offerings, (including this new marketing offering). And that’s part of their $4M most recent quarterly revenue reporting.

[MR1906]

Need management to come through on their promises (audited results ++ uplist), and $trep should re-rate higher based on fins and the associated news!

[XenaLives]

In 2018 BONAR and Tipton were pumping an accounting service.

*** SCAM ALERT ***

... see replied to post.

[genlou]

SAN DIEGO, CA – June 12th, 2023 – Trucept Inc. (OTC Pink: TREP) a leading provider of comprehensive business solutions, proudly announces today the establishment of its new marketing subsidiary, Afinida Marketing. This move is part of the company’s continued commitment to provide more comprehensive and innovative services to its clients.

Afinida Marketing is poised to offer a broad array of marketing services, from digital advertising and search engine optimization (SEO) to content creation, social media management, and market analytics. It is aimed at helping businesses to not only navigate, but also thrive in the rapidly evolving digital marketplace.

“This is a milestone in Trucept’s growth strategy,”says Norman Tipton, CEO of Trucept Inc. “Our mission has always been to empower businesses by handling their administrative functions, allowing them to focus on their core competencies. With the establishment of Afinida Marketing, we are now able to provide a full suite of marketing services tailored to the needs of our clients in the digital era.”

Afinida Marketing’s solutions will harness the power of artificial intelligence, big data, and the latest in marketing related technology tools aimed at providing clients with the most advanced and effective marketing strategies available.

“The formation of Afinida Marketing signifies our commitment to continuously evolve and adapt to the changing needs of businesses in the digital age”adds industry veteran and EVP of Sales and Marketing Kevin Brewer. “We are thrilled to be taking this step forward, and we believe it will bring immense value to our clients.”

For additional information, visit www.afinidamarketing.com
Go Back to All News

[XenaLives]

Typical BONAR move -- lots of smoke and mirrors...

then WHAM...

they're broke.

[MR1906]

Your question was/is fundamentally flawed; how is $trep not profitable?

[XenaLives]

So the fact that BONAR hasn't been involved with a single profitable public company for 20-30 years doesn't bother you????

[MR1906]

Nope, I am not! It’s a spec holding for me, but I am encouraged by managements continued execution and “plugging away” attitude for these many years. They got over the IRS hurdle and continue to operate and report good numbers (for an org of their size and scale). I think it’s only a matter of time but that’s just my opinion. Catalyst include audited results ++ potential uplist. For the latter not sure the deets on how that’ll happen, but management seems committed to achieve.

[XenaLives]

Are you happy with your rate of return? LOL!!!!

05/16/14	0.0039	0.0039	0.0039	0.0039	20,000 
 05/15/14	0.0039	0.0039	0.0039	0.0039	0 
 05/14/14	0.0039	0.0039	0.0039	0.0039	650 
 05/13/14	0.0045	0.0045	0.003	0.0039	150,175 
 05/09/14	0.009	0.009	0.009	0.009	0 
 05/08/14	0.006	0.01	0.0039	0.009	437,312 
 05/07/14	0.0038	0.0038	0.0038	0.0038	79,529 
 05/06/14	0.0037	0.0037	0.0037	0.0037	0 
 05/05/14	0.0037	0.0037	0.0037	0.0037	500 
 05/02/14	0.0037	0.0037	0.0037	0.0037	5,000 
 05/01/14	0.0037	0.0037	0.0037	0.0037	0 
 04/30/14	0.0037	0.0037	0.0037	0.0037	800 
 04/29/14	0.004	0.004	0.004	0.004	0 
 04/28/14	0.0037	0.004	0.0037	0.004	2,340 
 04/25/14	0.0037	0.0037	0.0037	0.0037	102 
 04/24/14	0.0037	0.0037	0.0037	0.0037	0 
 

[MR1906]

I originally bought STTN shares and I’m still a holder, didn’t loose my equity. Not sure I’d call that a “shell”?

[XenaLives]

TREP may not be currently defined as a shell - but BONAR has recycled it again and again (along with DFCO, STTN and perhaps other shells) for decades.

My 2012 post on this issue:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=74960793

What is a "Shell company"?


The term “shell company” is narrowly understood as a public limited company which has largely ceased its operative business but whose stock exchange listing still exists despite minimal sales turnover. In practice, these are usually former traditional companies of the Old Economy which have experienced an economic decline due to structural changes or severe management errors. The actual inventory which this comes from is structurally weak industries such as railway companies, breweries, mining companies or mechanical engineers. In addition to this are, of course, companies which came onto the stock-exchange at the peak of the New Economy in the late 1990s. In this case, it often became apparent very quickly that the business model was not sustainable and these companies either went into insolvency or were able to close down or sell all loss makers, and “survive” with the remaining assets.



The common factor for these companies, apart from the loss in operative sales revenues, is that, after a delivery versus payment (DvP) sale of the relatively easily payable asset items, only part of the remaining stock of hard-to-use basic assets remains, or other assets which are currently not sellable or only sellable with large depreciations. The stock exchange listing of the shell generally represents the deciding value for potential buyers. If the shell company is purchased, the company’s new owner can flexibly change the corporate purpose and incorporate its own forward-thinking business potential into the company.



Shell companies enable an alternative means of going public without the long-winded, complicated proceedings of the traditional IPO process. The entrepreneur controls the concept of going public itself and is not dominated by banks, advisors, lawyers and auditors. Shell companies offer the entrepreneur with a high degree of independence from its credit-providing banks through a quick and easy path to the stock exchange, and enable direct access to the capital market and therefore the acceptance of interest-free share capital (equity capital).



Shell companies also enable a clear increase in the popularity of the company through its future positioning in the capital market.

https://www.listedshell.com/

[MR1906]

News out