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Seems that way.
Harold
Got to give him credit though for giving it one more college try to get people to but shares so he can have one more batch of consultant fees. Have to laugh that he put out financials but guess he thought he needed to get the STOP sign off if he ever was going to get anyone to buy into this scam of scams! He must think if it shows them current on the OTC they might not look at the financials but those days are long gone.
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=WOLVERINE%20TECHNOLOGIES%20CORP.:%2010-Q,%20Sub-Doc%201,%20Page%202&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12971930%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on
"Our auditors have expressed substantial doubt about our company's ability to continue as a going concern.
The accompanying financial statements have been prepared assuming that our company will continue as a going concern. As discussed in Note 1 to the May 31, 2018 financial statements, our company was incorporated on February 23, 2006, and has never generated any revenue, has a working capital deficiency, and has incurred operating losses since inception. As a result, our company's auditor has expressed substantial doubt about the ability of our company to continue as a going concern. Continued operations are dependent on our ability to complete equity or debt financings or generate profitable operations. Such financings may not be available or may not be available on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty.
Our stock is a penny stock. Trading of our stock may be restricted by the SEC's penny stock regulations which may limit a stockholder's ability to buy and sell our stock.
______________
OTC Markets has placed a "Shell Risk" identifier on the Company's page on OTC Markets website. The Company is not in agreement that it is a "Shell Company" as defined in Rule 12b-2 of the Exchange Act due to the operations conducted by the Company in the past few years in the technology sector, and that such operations have been more than nominal. If advisable or beneficial for the Company or its shareholders, the Company may elect to pursue the appeal process with OTC Markets to have the "Shell Risk" identifier removed.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On October 18, 2018, we issued 23,800,000 shares of our common stock in a private placement at a purchase price of $0.004 (CDN $0.005) raising gross proceeds of $92,325 (CDN $119,000). We have issued all of the shares to six (6) non-US persons (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
On October 18, 2018, we issued 21,150,000 shares of our common stock pursuant to debt settlement agreements with twenty-six (26) individuals. The deemed price of the shares issued was $0.004 (CDN $0.005) per share. We have issued all of the shares to twenty-six (26) non-US persons (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
Almost 500mil issued...this is a very very very bad reporting. Now we know why Bruce was posting pump posts awhile back.
Harold
Same old story...no money, expenses incurred..consulting fees paid to a company controlled by the director...
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=WOLVERINE%20TECHNOLOGIES%20CORP.:%2010-Q,%20Sub-Doc%201,%20Page%202&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12971930%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on
LOL Imagine the fun in trying to promote this scam with nothing to use to pump with. And now that they have gone dark they have made it impossible.
Looks like Bruce is trying to scalp as much as he can daily lol. Only idiots would buy or promote this TURD.
Harold
Likely a doubloon paid wozzzer promotion by some bs promoter
Harold
LOL Only thing going on here is the boys playing with the shares to make people think there is something going on. We all have seen this for years and years. The facts are this company has never had a dime in revenues in 7 years, All they have done is put out bogus news so they can pay out millions in what they love to call "Consultant fees" Of course now that they have gone dark and no longer put out financials we don't get the pleasure of seeing how much they paid out in that quarter. Still can't believe anyone fell for there last pr attempt. Can you imagine someone claiming to have the best security software out there and they go to WOLV to get financing. And if somehow you fell for that when they claimed they were trying to raise 10 million I would assume that once they weren't getting anyone they decided to try and say they needed 3 million. Of course that didn't happen.
$WOLV: Taking out those $0.007s now
Looks to be something in the works here.
GO $WOLV
Bruce and Doubloon led many to slaughter even myself.
Harold
Your right!. He knows his scam has run its course. And to his credit he got away with it for much longer than he should have. But I blame anyone who bought into the latest scam he used. Who in their right mind would think a person who was suppose to have the best security software out there would hook up with WOLV to obtain the funds. HUH really folks! A mining company that has no money and no revenue and that's who you choose to partner with? LOL
Even Bruce has stopped posting for fear he will be exposed to the SEC.
Harold
Back in 2010/11......Bruce was hyping up core sample results,..drove the shares up to 0.20 however, once the insiders flogged their shares the price plunged, ..since 2011 been hovering at 0.0050 ..basically Wolverine was broke and lifeless by 2012...Then someone hatched the Enigma/Decision Zone cyber security scam....Bruce managed to flog more shares, private placements....Wolverine is lifeless dead corpse...Think about it..Wolverine isn't even pursuing their original plan, or core business..No drilling for mining opportunities...Their core business of mineral developing is abandoned and now awaits resolution in what Bruce describes as the single greatest cyber security system available..that was 4 to 5 years ago..Take a look at this chart..
https://ca.finance.yahoo.com/quote/WOLV/chart?p=WOLV#eyJpbnRlcnZhbCI6IndlZWsiLCJwZXJpb2RpY2l0eSI6MSwiY2FuZGxlV2lkdGgiOjEuOTUxMjE5NTEyMTk1MTIyLCJ2b2x1bWVVbmRlcmxheSI6dHJ1ZSwiYWRqIjp0cnVlLCJjcm9zc2hhaXIiOnRydWUsImNoYXJ0VHlwZSI6ImxpbmUiLCJleHRlbmRlZCI6ZmFsc2UsIm1hcmtldFNlc3Npb25zIjp7fSwiYWdncmVnYXRpb25UeXBlIjoib2hsYyIsImNoYXJ0U2NhbGUiOiJsaW5lYXIiLCJzdHVkaWVzIjp7InZvbCB1bmRyIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6InZvbCB1bmRyIiwiZGlzcGxheSI6InZvbCB1bmRyIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI0ZGMzMzQSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQifX19LCJwYW5lbHMiOnsiY2hhcnQiOnsicGVyY2VudCI6MSwiZGlzcGxheSI6IldPTFYiLCJjaGFydE5hbWUiOiJjaGFydCIsInRvcCI6MH19LCJzZXRTcGFuIjp7ImJhc2UiOiJhbGwiLCJtdWx0aXBsaWVyIjoxfSwibGluZVdpZHRoIjoyLCJzdHJpcGVkQmFja2dyb3VkIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiIzAwODFmMiIsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwiY3VzdG9tUmFuZ2UiOm51bGwsInN5bWJvbHMiOlt7InN5bWJvbCI6IldPTFYiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiV09MViJ9LCJwZXJpb2RpY2l0eSI6MSwiaW50ZXJ2YWwiOiJ3ZWVrIiwic2V0U3BhbiI6eyJiYXNlIjoiYWxsIiwibXVsdGlwbGllciI6MX19XX0%3D
Bruce told investors wild stories, he talked about investors becoming millionaires....then proceeded to flog private placements...and look at today..Wovering stock price went up, from 0.0031 to 0.0046 ..Seems like a jump..a 1000 share trade...a $4.30 ..a four dollar and thirty cent stock buy....a crude ruse to fake trading activity....and to those loud mouth promoters, and moderators...How can look at yourself in the mirror, how can you defend this..how can you keep making excuses....Even Dr. Chalk isn't pursuing it...4 years with a couple of vague press releases...years and years of nothing but "consultation fees paid to a company controlled by a director"....Good day everyone.
Yes jail is to good for those that promote this scam. Dummy companies to rape shareholders. Are few of the #144 holders that bashed me here deserve what they get especially that dog lady and her compadre doubloon.
Harold
I imagine they see the end of their scam has come. Look at all the years of nothing. Hard to believe they were allowed to take all those consultant fees. Hopefully they will end up where they belong. Jail is a great place to reflect!
You are right but it's a good job for Bruce he can take money out of the till to pay his expenses.
Harold
Harold that insults the hard working people of 7-11 that work to make a living instead of taking money from people.
Doubt they can afford to pay for financials. Bruce should give them a loan. He likely is working at 7-11.
Harold
Guess they have finally given up on this scam as they aren't even trying to stay current. Financials are a thing of the past which is to bad as I so loved to see how much they paid out in consultant fees.LOL
Only Bruce defends this scam.
Harold
Wow they must be getting ready to dump a bunch of shares so they can get the kitty back up to have funds to do there huge consultant fee payouts.LOL any wonder now why they raised the A/S count to 500 million. LOL And most of those are in the outstanding bank.What a scam
SO where are the financials? Guess they finally figured out that no one is buying into this SCAM!!!! Even those who were still trying to defend it have moved on.
Huge volume indicates we all understand Bruce is full of bs.
Harold
excuse me, but didn't "due time" start, what, 3-4 years ago, when this greatest security product of all time was announced with big fanfare, IBM report and what have you...
so here we are years later and not a single internet security company buying into it, with security breach & hacking story nightmares published almost on a daily basis??
riddle me this: IF the product is that great & there is "ample of fertile gound" for it to grow on, -- why oh why does no one want it, not back then, and not now, years later ???
Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
He doesn't like facts!
Hrold
I guess because I make sure people look at the facts while they are researching this company is call an agenda. This company has been nothing more than a share selling operation for almost a decade now. All anyone needs to do is just look at the financials and see their only source of income has been selling stock and then see all the millions in "consultant fees they gave out". And then see how all of a sudden this broke mining company changes into a tech company. how laughable it was right from the start as everyone wondered why anyone who claimed to have the greatest security software out there and their choice to get financing was to hook up with WOLF< HUH? of course after nothing coming from this in years shows there never was anything there in the first place. All that came from this was them doubling the A/S which now is maxed out in in the O/S number which allowed all the consultant fees to be paid out. So to say there is a agenda seems odd when everything talked about are facts put out in their own financials.
Finally we all agree that trips are on the way
That so-called big trade is bogussssss....2 traders(management) buying and selling each others share, all in an attempt to feign activity . This dog is dead...Think about it...Enigma patent goes back to 2012...7 years ago, ..IBM looked at it 5 years ago..if this security system was so great, the best of the best, why would they wait to apply it?..Why would the "owner" of the best security tech-ware company go to broke, never made a dime sham mining exploration company to raise money and or develop it..??? "if it doesn't make sense it isn't true".....Wolverine has given almost no updates, David Chalk has given no updates, he doesn't even talk about it...David Chalk has a new business...that new business is..maximizing profits for people selling businesses(check my older posts for details)
Anyone who believed this Bruce C scheme is either foolish or...or not willing to face reality, some people would rather believe in false hope rather than face the real truth...That truth is...Stock selling scam, private placement selling scam, all to raise money for endless, month in, month out "consulting fees"....BS...and never a single word of communication on what the "consultant" consulted on, no word of anything...Sheesh..wake up people...This dog will hunt no more.
Big $140 trade today! Huge volume. Lol.
Trips might come quicker than I thought. As we see more and more of those who were defending the management here no longer being heard from. Surprised it took even this long with the years of nothing happening here. As they try and squeak out as much as they can to fund their consultant fees the faster we will see the PPS tank. And of course when shareholders see this they too will start to get what they can. All this will lead to an earlier date for trips.
Looks like finally everyone knows this was and is a share selling scam. We might as well start a pool on the date we think it hits no bid!
Finally looks like this is heading to trips and then to a no bid stock soon! I doubt we see much more in the way of anyone trying to still push it as I think even those people know the end is near.
I assume whereas no one really mentions David Chalk anymore he is also a goner. My guess is its time to put a fork in this don't you think?
LOL funny how in the tech world when something gets 6 months old its become out of date. The fact that Chalks software is over 4 years old how out of date is it? But as I have said if it really was this state of the art software and seeing how it was in the security sector why would he even think of going to WOLV, a broke mining company, to secure financing? And I love the fact that they boasted how IBM checked it out and it worked but yet IBM didn't jump on it is laughable. And for what? 3 Million bucks!!! Of course they claimed it worked but didn't say how well it worked. I think if we think about it and how 3 million dollars to IBM is chump change they weren't impressed. And gee isn't it funny despite this stock going down and down no word from Chalk or anyone to even try and stop the bleeding. And why did the raise the A/S to 500 million and by last report almost at the max in O/S. Where is that money? Can you say consultant fees!LOL But easy enough to prove us wrong. Put out a written statement with all the up to the minute figures. Tell us whats going on with Chalk! Why all the consultant fees. That way I can forward the updates.
LOL He can't even protect his patents lol.
Harold
The Chalk software is over as well. This was what 4 years ago LOL. It makes sense now that no one was interested in the software way back then and that's why WOLV got involved. They just wanted to see if they could get some investors to fall for it, But really folks??? You want to believe that a best of the best software that this claimed to be and they go to a broke mine company to partner with. LOL
Beware WOLV is and was a stock selling scam with many lies to shareholders. Stay away or get hurt bigtime.
Harold
Gee speaking of David how come we never have heard a peep from him either? Even all his stuff on his sites is old stuff from years ago.
Everyone involved has lost money unless you get free shares like doubloon and his friends touting. Nobody has driven WOLV to .21 cents or to .10 a few times like I did. Since I seen the truth and dropped this pos now we have no volume and major dilution by insiders selling.
Harold
I hope its over but when you see people saying the same stuff since 2012makes you wonder if they get it. Imagine 7 years of waiting for news to move it! I could understand if it took a few weeks maybe several months in some cases but when your saying and hoping for 7 years you just might say it ain't going to happen.LOL
Scamming has ended!! Everyone knows how they operate.
Harold
Guess we have been waiting for some kind of news from 2015. Maybe the fact they raised the A/S to 500 million was the news! Where is this incorporated now? Don't see it in Nevada!
hedge1 Tuesday, 07/28/15 02:51:02 PM
Re: help me post# 20906 0
Post # of 22703
And I'm buying......I think when news hits it going to send this up quickly!!
Just wonder how long we should wait? I mean its been already 7 years of saying its going to happen soon. And all its doing is going down and down and down. And whereas they added so many Millions of shares to the A/S doesn't look like investors from 7 years ago have any chance to get there investment back. I would say they might have looked into cutting their losses long ago.
Obviously you have your own agenda. I will wait and choose not to trash anyone, including you. You have a right to your opinion and I have mine.
We'll see what happens in due time.
Good Luck.
Quote"
jrlsss Friday, 02/22/13 12:30:43 PM
Re: 1iftrue post# 16138 0
Post # of 22693
"I think a lot of long term holders will finally get their just reward soon. Patience & believers will prevail."
Seems like had we talked 6 years ago I would have had that same offer.
Why would I. Its pretty obvious after almost a decade of nothing its clear that nothing is going to happen. All I can go by is what we all can see. I mean really we go from a mining company to the tech world that they know nothing about. Who in there right mind would ever believe that anyone who claimed to have the greatest security software coming down the pike, who claimed IBM checked it out and said it worked but wouldn't invest 3 million in chump change is laughable. And we all know the tech world and anything 6 months old is already out of date. What is this software 5 years old. I see where some keep telling to wait and see but I would think almost 10 years its clear.
And if you're wrong and the company does make a deal rewarding all shareholders handsomely will you man up and apologize to everyone including management?
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