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hahahaha funny.. 3000:1 reverse split and 99% down after reverse split and still trying to steal some money from others.. what a scam
I thought this ticker was dead after the r/s?. Why are people trading this?
Altounians a liar and a con.
WWIO's eBook advertisement patent
Why eBook advertising is the next big thing, Part 1:
Good luck! I made some money with this last fall, then sold some and let the free shares ride. They were worth about $360 back then, now they're worth about 7 cents! If it manages to go up by about 45000%, I'll be able to cover the cost of selling them plus the reorganization fee!
75% drop yesterday, watching for bottom.
Before the reverse split
there were 1.1 Billion shares
after the reverse split 800,000
Now this month we have insiders granting themselves 1 Billion shares and a lender 100 million shares
So basically the intent of the reverse split was to eliminate the previous shareholders. Food for thought should anyone be tempted to give hard earned money to Altounian.
WOWIO Taking Aim at Netflix/YouTube
Hoping to Become the Next Digital Media Giant
BEVERLY HILLS, CA / ACCESSWIRE / August 5, 2015 / WOWIO, Inc. (OTC:WWIO), a digital media and technology development company today announced a new expansion strategy that will include acquisitions of media development, production, distribution and marketing companies and other assets.
"We're going to serve the global appetite for digital media, and take advantage of that worldwide audience," stated CEO, Brian Altounian. "If you look at the impact that Hulu, YouTube, Netflix, and Amazon have had on the distribution side of film and television and now all of those entities are developing, producing and distributing original content in direct competition with those same entities (studios and television networks) that were originally the main suppliers of content. It would be imprudent for us NOT to try to participate in this next powerful wave of growth in the entertainment industry."
Fresh from a capital restructuring effort, the company is methodically following its previously-announced plan to enhance net stockholders' equity and is focusing its efforts on opportunities to create and monetize ancillary content and product lines beyond eBooks.
"As we mentioned in previous correspondence to shareholders, we have seen tremendous opportunities in digital media as new players have come into the market, providing a viable outlet for creative projects," says Brian.
WOWIO had been pursuing a technology and platform play in the eBook distribution space and while Altounian insists that technology development will continue to be a key effort for the company, the next phase of the restructuring plan is to explore the acquisition of profitable businesses and performing assets beyond publishing.
"Digital Publishing is still in its nascent stages of growth and there are many opportunities to create new, viable and exciting means of storytelling in the mobile, connected digital world that incorporate eBooks as we know them today. Our goal is to take what we've learned in the eBook space and build fascinating, accessible, creative projects that will be attractive to our core audience of 18- to 45-year old media consumers."
Altounian believes this new plan will reinvigorate investor confidence as the Company builds net stockholders' equity and continues to remove affiliate & non-affiliate debt from the balance sheet, providing a good quantitative story to match the qualitative financial package.
WOWIO holds a proprietary patent that allows for the insertion of advertising into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, providing the digital publishing distribution channel as a viable alternative to that of other content distribution outlets.
About WOWIO, Inc.
WOWIO, Inc., (OTCBB: WWIO) is a digital media and technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks. Wowio has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
Corporate Contat:
Brian Altounian
CEO of WOWIO
baltounian@wowio.com
(310) 272-7988
http://www.studiowdigital.com
SOURCE: WOWIO, Inc.
© © 1998 - 2015 Baystreet.ca Media Corp. All rights reserved.
He is all over Moneytv. Just look at some of the old IMGG videos, him and Dean James bilked shareholders for MILLIONS of dollars. I watched that stock run from $.07 to a high of $2.30 over the course of a year and a half, and in the end it was all a big SCAM
LOL. 1 share bought it down 45%? Total manipulation.
Altounians a thief. Do not trade this stock. Ever!!!!!!! Does a reverse split , then issues more shares. Scam. Pos stock.
Altounian's got to eat!!!!
You ever see a picture of the guy???
1 Billion shares buys a lot of tacos!!!
Item 3.02 Unregistered Sales of Equity Securities
On July 24, 2015, the Company issued to certain officers and directors of the Company, an aggregate of 1,000,000,000 restricted shares (the “Shares”) of common stock. The Shares were issued pursuant to the conversion of debt (the “Debt Conversions”) of an aggregate of $20,000 in outstanding debt held on the books and records of the Company. Pursuant to the terms of the Debt Conversions, the Company has the right, but not the obligation, to repurchase 100% of the Shares prior to July 31, 2016, and 50% of the Shares from August 31, 2016 until July 31, 2017 at the conversion price. No solicitation was made and no underwriting discounts were given or paid in connection with this transaction. The Company believes that the issuance of shares pursuant to the Agreement was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously noted in Item 3.02 above, on July 24, 2015, the Company issued the Shares to certain officers and directors of the Company, and pursuant to the Debt Conversions. Pursuant to the terms of the Debt Conversions, the Company has the right, but not the obligation, to repurchase 100% of the Shares prior to July 31, 2016, and 50% of the Shares from August 31, 2016 until July 31, 2017 at the conversion price. No solicitation was made and no underwriting discounts were given or paid in connection with this transaction. The Company believes that the issuance of shares pursuant to the Agreement was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Wowio, Inc.
Date: July 30, 2015 By: /s/ Brian Altounian
Brian Altounian, Chief Executive Officer
I would definely take the real loss. I dont want anything to do with B Altounian anymore.
Lenders and insiders
that's the "beauty" of the reverse split. Shareholders are locked in place until the new shares land in their account and are released for trading, newly created shares have no such difficulty getting into the market.
Peversely, the corporate action fee, also tends to make shareholders "loyal". If you've got to pay $25 or $50 for the reverse split, you aren't just going to sell it and make a paper loss a real loss right?
I haven't noticed a fee with E-trade. how can there be volume but I cant yet?
WTF!! DID ANYONE ELSE GET HIT WITH A REORG FEE? SCOTTTRADE NAILED ME WITH A $20 FEE!
Nobody should buy this stock. Its going right back to 0001 where it belongs.
Wow! Altounian has a patent to revolutionize the ebook industry.
I call BS.
He is definitely a Con Man.
Why would you buy any shares? Sell what you have and get out.
When could I start trading/selling/buying shares??
Man you should see the video of him and 3 of his buddies on MoneyTv talking about how forums like Ihub damage their companies LMAO
So he randomly gets emails calling him a scammer?
Uhm, well, ya think maybe there might be a nugget of truth in there?
http://www.dbo.ca.gov/ENF/pdf/2015/Alliance%20Acquisitions%20Inc%20dr.pdf
altounian owes the IRS bigtime
http://www.dbo.ca.gov/ENF/pdf/2015/Alliance%20Acquisitions%20Inc%20dr.pdf
The bigshot is more like a deadbeat
Investing money in a company backed by Altounian
better off flushing $100's down the toilet
IMGG PDOS Now Wowio. Has he ever backed a company that was even within 100 miles of being successful?
yet he tells a story and people give him money. I'm sure this reverse split was somehow billed as going to lead to riches. Unfortunately only Brian gets rich.
Most likely because the shares are now worthless ! Lol. I'm there with you ... Had 5 mill myself
i had sharesa can someone tell me whats going on please? new to this please help....
THIS IS HEADING RIGHT BACK TO TRIP ZEROS.....MARK THIS POST
I don't see Shares in my trading account ? Just a numeric label, which my trade account doesn't reconize ??
It shows up at the top of this site. WWIOD
Try etrade or some other stock quote site for an accurate quote. The chart inside the ibox has to be redone to include the D or it wont show up. Mods can fix it.
http://finance.yahoo.com/q?s=wwiod&ql=1
Whoops, down to .02 now. Our 100 shares not worth a decent lunch.
Hmm doesnt show on ihub wwiod
WWIOD
.18cents so far on 141 volume. Bid is 02 if you can sell.
But of course you cant sell yet as the stock company's are still removing your shares.
At this price with no news on the new direction this company is headed, if any, the price will fall back down.
WWIO one for 1,300 reverse split:
http://otce.finra.org/DLSymbolNameChanges
R/S stock is done.. GL
Date Event Type Eff/Ex Date Symbol Issue Name Market
07/06/2015 14:44:32 Reverse Split/CUSIP Change 07/07/2015 00:00:00 WWIO Wowio Inc Common Stock Other OTC
Details
Previous Value Current Value
Symbol WWIO WWIOD
Issue Name Wowio Inc Common Stock Wowio Inc Common Stock
Class
Maturity Date
Market Category Other OTC Other OTC
Unit of Trade 100 100
Regulatory Transaction Fee Yes Yes
Financial Status Indicator
Current Value
Daily List Date 07/06/2015 14:44:32
Event Type Reverse Split/CUSIP Change
Effective/Ex Date 07/07/2015 00:00:00
Subject to Corporate Action CD
Offering Type No Restrictions
Daily List Comment
Daily List Event Code DA
Forward Split Ratio
Reverse Split Ratio 1:1300
Dividend Type Reverse Split
No volume, no bid, no new investors, no posts.
This one is finished. Time to move on.
Even if the RS does not happen, the damage has been done.
Last one out, turn off the lights and lock the door.
I guess the R/S isn't happening!!!! JK but seriously, whats going on with this?
Very dissappointing
Yea right.......... nothing
Nice way to fleece shareholders Mr Brain A you FU$CKING SCUMBAG
1 for 1300 RS
Plus a 1B increase in the AS
WHAT A JOKE
It will adjust...give it a day or two. The common is effectively wiped out. CEO does it again. It's amazing how he can continue to be employed with his track record of destroying shareholder investment.
Did the rs happen? I still have all my shares. I bought in between april and may 14th.
So, what happens now? Will WWIO still be trading under the same ticker, or a temporary ticker, and for those of us still holding millions of shares, what is the likely outcome? Today is D-day... :)
Actually that press release is only referencing the number of shareholders and the outstanding share count to date as of the 18th of May. Any shares bought between the 18th and 17th of June will be part of the R/S.
Think about it the outstanding share count would be around 1000000 after June 17th if you take outstanding share count as of May 18th divide by 1300. There is no way you can buy 1000000 shares before the 17th and continue to have that amount after the R/S. You'd pretty much be having the majority of the outstanding shares after June 17th.
Altounian is an a-hole shark.
lol! Yep ain't it funny how management can obliterate the common holder and still have a job in the morning.
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