Nothing has changed; the question is do we want a company that makes a difference in the market and holds substantial value, or do we want a ticker symbol that churns around in fractions of pennies?

One option now is to convert the shares to cryptosecurities instead.

With my majority vote it should also be possible to convert ADIA to a Decentralized Autonomous Organization (DAO) when I'm ready to take the next steps.

The future is cryptoeconomics, regardless.

The SEC is reportedly investigating Uniswap DEX.

https://www.wsj.com/articles/regulators-investigate-crypto-exchange-developer-uniswap-labs-11630666800

Uniswap becomes the SEC’s latest target as the regulator initiates an investigation into the world’s largest decentralized cryptocurrency exchange. https://t.co/TBiGOYt5XG

— Cointelegraph (@Cointelegraph) September 3, 2021

I have personally received airdrops of crypto assets via Uniswap.

My thoughts on this important part of cryptoeconomics:

How is Uni the bad guy? Isn't that who the SEC is supposed to go after? Protect and serve.

SEC reportedly investigates decentralized exchange #Uniswap https://t.co/adZMMA9tQM

— Ron Dior (@rondior) September 3, 2021

💯 we have law enforcement agencies @TheJusticeDept who go after the bad guys. @SECGov is political commission not law enforcement agency. Politically @SEC_Enforcement is supposed to go after everyone who doesn’t pay the right helpers or who sells financial instruments in public.

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

The U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation.

The SEC have become nothing but hired thugs for a 200 year old financial system.

— Ron Dior (@rondior) September 3, 2021

They believe missions accomplished via enforcement of the Rules they create (per 1933 Securities Act/1934 Exchange Act) starting with requirement ALL investment offers (including resale offers by HODLers through secondary markets) are registered or enjoy a registration exemption.

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

To fix this problem we must get Congress to revise their mission.

Equity crowdfunding didn’t bring a structural change, crypto did.

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

The U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation.#uniswap allows individuals to swap one crypto for another, period! How is that a threat to anyone?

— Ron Dior (@rondior) September 3, 2021

💯 For 100s of years the financial system profited by pushing prices down short-term on financial instruments issued by 99% of issuers, pumping prices up on everything long-term inflating money supply. Regulators consider it fraud if the price of newly-issued assets only goes up.

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

@Uniswap is not decentralization theater. It’s true decentralization. It’s been ethical since day 1. Literally no one is complaining about deception/fraud.

If Uniswap is afoul of US law, the law needs to change, not Uniswap. This is a good time to rethink unethical laws.

— Sam Kazemian (¤, ¤) (@samkazemian) September 3, 2021

💯 AGREE WITH YOU 💯

However, a “decentralized common enterprise” that promises to reward HODLers by their effective % ownership of the market value of financial instruments created in name of that enterprise is still a “common enterprise” subject to laws that aren’t going away.

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

Then those laws need to change entirely to reflect the reality of the world people want to live in. No one has had a problem with Uniswap like they have with Bitconnect for example. Laws are meant to serve society. Society isn't a slave to its outdated, unethical laws.

— Sam Kazemian (¤, ¤) (@samkazemian) September 3, 2021

A simple Rule change solves this

Allow unrestricted P2P trading of unregistered securities

This means DO designate all crypto assets that have secondary market prices via DEX/CEX to be “securities” and DO NOT prohibit DEX trading but DO require CEX to register as SECs exchanges

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) September 3, 2021

@Uniswap A simple Rule change solves this Allow unrestricted P2P trading of unregistered securities This means DO designate all crypto assets that have secondary market prices via DEX/CEX to be “securities” and DO NOT prohibit DEX trading but DO require CEX to register as SECs exchanges

Cryptoeconomics might be getting its first comprehensive regulation.

The News: https://www.coindesk.com/new-crypto-bill-in-us-congress-is-the-most-comprehensive-yet

The Bill: https://beyer.house.gov/uploadedfiles/beyer_028_xml.pdf

This video was published today providing more details of the 15c211 compliance requirements and September 28 deadline:

OTC Markets doesn't "process" the financials, the financial statements are merely published through the Disclosure & News Service. ADIA did this previously, look at the past disclosures.

The application and application fee for the Disclosure & News Service can come after July 1st and compliance with the new SEC Rule can be achieved by September.

Nothing material happens until September (if the company isn't compliant by that deadline).

Before the up-to-date financial statements are published (by the deadline in September) there will not be a "Current Information" status for ADIA which means promotional activities are prohibited.

That makes it impossible to explain anything adequately, or at all.

Sharing the facts of the past and making sure there is no campaign of misinformation from anywhere seems reasonable, so I will keep doing that regardless.

That is correct. Up-to-date financial statements must be published by that deadline in September.

However, the OTC Markets Disclosure & News Service must be activated before then. Still working on completing that step.

I made it clear in previous posts that ADIA is not going to get involved in the crypto mania. Are you aware that I helped build one of the first micropayment systems during the 1990s? Millicent by Digital Equipment Corporation's AltaVista search engine subsidiary. This was before Google existed, when AltaVista was a dominant force in the emerging Web, search engine and e-commerce fields.

https://www.w3.org/Conferences/WWW4/Papers/246/

REMINDER@DHSgov @TheJusticeDept @FederalReserve @SEC_News @USTreasury EACH AFFIRMED #CRYPTOCURRENCY IS LEGAL FOR USERS WHO COMPLY WITH REGULATIONS!

Read their words yourself
(2013) https://t.co/mw4o6oGR4C
(2019) SEC https://t.co/CZKeJzoY03
(2019) FinCEN https://t.co/4fvXoiEQDB

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) May 22, 2019

I want it to be clear that nobody should expect ADIA to pump because of crypto mania, I refuse to participate in that nonsense. There are more important things to do and to build that actually can be the future of all private currency.

https://en.wikipedia.org/wiki/Private_currency

Proof-of-Stake and Proof-of-Work (e.g. Nakamoto consensus) are both “bad” (i.e. create a digital investment asset “issued” by a “decentralized common enterprise”). Neither scheme “works” without social coordination or subjectivity.#Bitcoin is an “exempt” security. Full stop. 🛑

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) July 13, 2020

Crypto investment funds promise to capture, train, harness and exploit unicorns 🦄 to extract passive profit from the skill and efforts of unknown others for the benefit of anonymous holders in purely-virtual cyberspace-domiciled decentralized common enterprises. #cryptoeconomics

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) May 1, 2020

ADIA is going to avoid any harm from the Crypto Dark Winter, and in three to five years when the crash has ended and a recovery can begin again then my work in cryptoeconomics and the themes and innovations of Homeland Forensics may become important and have an impact on the future of cryptocurrency for everyone.

That's what the Crypto Dark Winter has to do with ADIA.

Cryptoeconomics is a mystery. Even after accumulating substantial wealth as prices climbed, people I know have just lost almost all of their money because of a price decline they didn't see coming.

Price discovery in free markets should never be based on finding out who made the mistake of using margin leverage for their long-term holdings and transferring their formerly-profitable assets to others in a forced sale.

We can do better than making everything in the economy into a casino. Cryptoeconomics allows us to make new rules and to solve such problems.

A friendly reminder to crypto market perma-bear Peter Schiff:

The crypto industry changes existing markets, creates new methods to reward holders. First principles from cryptoeconomics may provide participants with innovative unexpected sources of wealth from their participation.

In digital global open networks why should old rules govern?

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) April 18, 2021

Corporate Revival with Majority Voting Power

https://law.justia.com/codes/nevada/2013/chapter-78/statute-78.730

The Nevada Secretary of State explained that the deadline to file a "reinstatement" of Adia Nutrition, Inc. was missed (during 2020) and now there is a different Certificate of Revival required instead.

There is no deadline for filing the Certificate of Revival. The Certificate requires majority voting power, which I hold in the form of the Preferred shares plus the Common shares that I control.

OTC Markets Group has been in contact with me about meeting the June deadline for upgrading the company's status from No Information (stop sign status) on OTC Pink. One of the requirements by the June deadline is the filing of the Certificate of Revival in Nevada.

The process continues, slower than expected but in the same form as originally anticipated. I am also considering a change of domicile from Nevada to Delaware for technical reasons. One of the benefits of such a change could be to remove voting rights from Common share owners, eliminating governance powers for passive public investors seems to eliminate the need for a wide range of expensive corporate legal procedures that do not add any value for any stakeholder in a public startup.

Questions may be directed to me by email as usual.

ceo@forensics.org

Crypto Dark Winter is coming.

Crypto Dark Winter is coming. ❄️ #Bitcoin

— JasonCoombs.CEO❤️🤓💰 (@JasonCoombsCEO) April 6, 2021

Everything that ADIA/Homeland Forensics does in the future revolves around peer-to-peer cryptoeconomics. A crypto crash now will last for 3-5 years and be very helpful.

Reports are saying the SEC lawsuit against Ripple resulted today in an order for the SEC to produce copies of all correspondence and internal documents pertaining to its hands-off approach (so far) to the inherent securities investment contract nature of Bitcoin and Ethereum.

Even if the SEC does not designate Bitcoin and Ethereum to be securities, which is something they certainly could do, a Democrat-controlled Congress might enact legislation making this designation.

There is no meaningful difference between a "common enterprise" and a "decentralized common enterprise" therefore the crypto industry must have some new and different method of differentiating true cryptocurrency from legacy investment securities masquerading as coins.

That is all.

Bitcoin at a new high and crypto market in total now valued at nearly $2 trillion doesn't change my expectations of the future.

During the entire Dot Com Bubble as the mania inflated, people kept making bigger and bigger price predictions. We're still waiting for DOW 100,000 after that mania ended.

Inflation happens. Prices do go up, infinitely over time, but there is a competitive free market in which everyone can produce new kinds of economic value and new forms of economic activity.

The similarity with past manic episodes in markets says that at this point the market stops being willing to add to the artificial hype FOMO meme wealth of the few who hold this asset, because capital prefers to work on creating new competing assets instead.

I reiterate that Bitcoin has reached its final permanent high and the "dark tunnel" from which the world is emerging as the pandemic peaks and begins to fade will now turn into a Crypto Dark Winter.

Be safe out there.

People have been asking me privately for a status update, thank you all for the long-form serious discussions. Be impolite and ask the hard questions, my inbox is open and I try to respond to everyone.

One question being asked frequently is what my expectation is going forward. I want to be clear about something:

The current market for cryptocurrencies and Non-Fungible Tokens (NFTs) appears structurally broken and driven by investment memes, not by anything that could be expected to have staying power and lasting economic value in the crypto secondary market.

Artificial scarcity created by a consensus algorithm and source code rules dictating a deflationary coin supply are NOT rational or reasonable, in my opinion.

The present market mania is NOT different from any other mania before it, and I see no reason for crypto market prices to rise from here. I believe the permanent top is firmly in place on Bitcoin now, and there will be another long-lasting bear market in crypto.

A "Crypto Dark Winter" is beginning now.

In a market crash generally it is inconceivable that crypto as it exists today would remain hot and hold its market price.

Most likely the next crypto bull market will be in three to five years and it will lift one form of cryptocurrency to the top, surpassing all other cryptocurrencies in number of users and amount of value stored on-chain, plus the value of all NFTs issued on the leading P2P node cluster network, circulating daily with a normal velocity of money for money (as opposed to the velocity of churn associated with investment securities which is how most crypto assets are being marketed and purchased today).

AFTER the market crash and Crypto Dark Winter that is coming, that is when I am confident my work in this field will be recognized and adopted, perhaps as the new global standard for all money.

This scale is achievable by forking the underlying source code, NOT through Layer 2 Scaling for Nakamoto consensus and Proof of Work nor based on a switch from true decentralization to centralization around somebody's Proof of Stake or other ownership registry-driven consensus or distributed governance algorithm.

Before it is clear to me how ADIA/Homeland Forensics will fit into my plan for growth in the future around my peer-to-peer software engineering and computer forensics work there does not seem to be a way for me to explain how our shares will benefit from the world's experience of Crypto Dark Winter, which leads inevitably to the coming long-term prosperity-creating regulatory reforms around the global Virtual Currency Spring.

Freedom of peer-to-peer value creation with cryptography and computer forensics cannot be stopped. Humanity is now aware that these tools of peer-to-peer networking and cryptoeconomics are fundamental inalienable human rights. But not as the crypto markets have structured and priced them. I believe strongly that the correct strategy going forward is to avoid harm from the Crypto Dark Winter and build the best solutions relentlessly until the Virtual Currency Spring arrives to lift everyone out of the darkness and put an end to the global disagreement about how to price goods and services transparently and constructively in the real economy without the central bank fiat currency-driven boom-bust business cycle.

I want the reinstatement completed by April. There does not seem to be any reason to complete it sooner, and I'm still working on the Preferred shares. We have a lost paper certificate problem and an outside lawyer who still has influence over the sequence of events until they agree and everything gets finalized. Hopefully these things don't drag on longer than another month.

"a compliance date that is two years after the effective date regarding provisions to require an issuer’s financial information for the last two fiscal years to be current and publicly available."

https://www.sec.gov/news/press-release/2020-212

The first step is easy and inexpensive. I hope the pieces come together without further delay, also, but it doesn't change anything if the date is missed because the requirements to initiate a new OTC quotation are now essentially identical to the requirements to remain quoted, with a new 18-month limited window for quotations of companies that are or become "shell" companies which makes sense.

Within two years the company's financial statements need to be current and publicly available, although there remains no audit requirement unless ADIA/Homeland Forensics registers its shares.

Everyone can afford a bookkeeper and an accountant, right?

Thank you for remaining silent.

I have shared the following perspective privately, and here it is for public consideration. Debate is welcome. Prove me wrong.

When deciding whether to combine my new startup with ADIA because doing so is beneficial to others, there is a similarity to Warren Buffett's decision to grow his new business in Berkshire Hathaway.

"Finally, our subsequent acquisitions would have been owned in their entirety by my partners and me rather than being 39%-owned by the legacy shareholders of Berkshire, to whom we had no obligation."

"Despite these facts staring me in the face, I opted to marry 100% of an excellent business (NICO) to a 61%-owned terrible business (Berkshire Hathaway), a decision that eventually diverted $100 billion or so from BPL partners to a collection of strangers."
Berkshire – Past, Present and Future

Question: Did Buffett make a catastrophic mistake that served no useful business purpose, or was his decision necessary and helpful to the long-term growth and his access to new capital from investors who care about ethics and proper conservative value-creating management decision-making?

My answer is that Buffett might consider it his biggest mistake in hindsight, but by choosing to give 39% ownership to "a collection of strangers" the position and method of participation in the economy that Buffett enjoyed as his investments produced shared prosperity with those strangers became more important, more impactful, and more investable in the future. His choice might have been crucial to his ability to attract capital and high-quality partners. It says something about the quality of his equity partners that they did not object to his plan in an attempt to maximize their own profit.

Also, by sharing ownership with strangers, instead of keeping 100% of the company for himself and Charlie and their initial backers, Buffett forced himself to consider a different mix of governance factors and he also voluntarily submitted his actions to a different set of legal obligations. Buffett preferred the more complicated duty to the public for reasons that, in hindsight, he might have forgotten that he chose for a purpose when faced with such a choice in his youth after putting other people's legal and economic rights first in his thinking on a daily basis for seventy years.

Decisions are being made.

My email address is: ceo@forensics.org

Please read my latest comment letters regarding market regulation:

https://www.regulations.gov/document?D=FINCEN-2020-0020-6229

https://www.regulations.gov/document?D=FINCEN-2020-0020-6225

https://www.regulations.gov/document?D=FINCEN-2020-0020-6219

I welcome private and public discussion about this and the past, present, and future of ADIA / Homeland Forensics.

Yes.

The cost of reinstating ADIA is only $6,425.00 a fraction of what I have already paid to get this back on the right track.



The reason to do this, the ONLY reason to do this, is to preserve the original ownership rights and the original capital structure for the benefit of the people to whom I promised my best effort to turn around the insolvent PIVX Solutions when I originally agreed to become CEO back in 2006. That promise to make this work means something to me, even if today it means nothing to anyone else.

I appreciate the long-term support received from my loyal backers.

Finishing the claw-back of the shares issued improperly during 2013 is my next step. Reminder of my work on this from the past:

https://www.sec.gov/Archives/edgar/data/1160420/000116042013000007/r8k102513.txt
https://www.sec.gov/Archives/edgar/data/1160420/000116042013000007/r8k102513a.pdf
https://www.sec.gov/Archives/edgar/data/1160420/000116042013000007/r8k102513b.pdf

I repurchased the Preferred shares from the investment banker who created Adia Nutrition.

When the transfer agent completes the transfer of those Preferred back to me then I am paying the past-due Nevada Secretary of State fees myself.

Thanks for your input. I'm not expecting Bill to pay the NV fees.

Yes he will do his duty as sole Director so we get the new Board.

You mean you don't believe that Bill Hodson will hold the election?

The former Custodian's Voluntary Dismissal:

https://adianutrition.com/ADIA/A-19-802593-B.pdf

KNC, LLC, the Custodian of Adia Nutrition, Inc., voluntarily dismisses the above-referenced action pursuant to the NRCP 41(a)(1),

...

First the past-due annual fees must be paid to the Nevada Secretary of State, and the new Board of Directors elected. That's what the custodian was required to do after they assumed that responsibility.

Bill Hodson has been the sole Director since 2014 and he still has the authority to take these actions without a custodian.

The SEC today adopted its final Rule to "harmonize" the exempt offering framework. This rule change will give ADIA the regulatory framework it needs to raise new capital WITHOUT causing dilution to the existing shareholders. I wrote dozens of letters to the SEC during the JOBS Act Rulemaking asking for this "harmonization" of the patchwork exempt offering framework. Before ADIA was launched, when we were still only PIVX Solutions the cybersecurity and forensics startup, the absence of such a harmonized framework for exempt offerings meant the only viable path to capital formation was to guarantee Accredited investors a profit by selling shares to them at a discount and promising to prop up the public market price for their benefit. That was systemic fraud and corruption, it was wrong and needed to be fixed. The new Rule goes a long way to doing that.

https://www.sec.gov/news/press-release/2020-273

I fully understand why a hostile reverse-merger is appealing in some situations, but a corporate hijacking just can't work in this one.

The shareholder vote controls the outcome, and the custodian cannot engineer a hostile reverse-merger without the ability to cast that vote. Furthermore, with no registered class of securities here the idea of a reverse merger with ADIA is beyond irrational.

We have 87,899,861 Common shares outstanding, only 13,848,781 of them are free-trading. 74,051,080 Common shares held in certificate form primarily represent the original PIVX/Homeland Forensics team and our original investors.

https://www.otcmarkets.com/stock/ADIA/security

There is no reason to attempt to convince anyone else as to the long-term value of the existing business and no lawful basis for diluting those people in order to maximize the short-term market value for the holders of free-trading shares.

A hostile reverse-merger, if one were possible here, would result in all shareholders being massively diluted, both free-trading and not.

Remember, the co-founders of Adia Nutrition and the majority shareholder vote had control over the decision about what to do with the probiotics business they built. What reason was there for me to ignore their wishes and sell it all out from under them instead?

A return of the Preferred shares to my ownership based on the 2011 repurchase agreement does substantially diminish the legal power of those co-founders but I don't consider the idea of hijacking the probiotics business and liquidating it in a sale during hardship of its founders to be a reasonable strategy for maximizing its value.

ADIA was formed in 2011 to build a new startup with part of the assets and opportunities of PivX Solutions, Inc.

The shareholders were meant to continue to own the rest of the business, also, which was supposed to be spun off as one or more new startups. The SEC filings and previous disclosures explained this in detail.

Magic would be the custodianship creating any value for shareholders when the custodian starts by ignoring the court order and Nevada Revised Statutes.

I'm not going to repeat the words of somebody else as though they are fact. My belief is that Bill Hodson was not contacted directly.

There are valuable startups that exist as subsidiaries of ADIA and there is important work being done. Maybe it makes no sense to try to promote those things using the ADIA ticker. My plan before was to change the corporate name and ticker before beginning to promote the company actively, or to let Livewire Ergogenics finish the spin-off of Homeland Forensics as a new corporation formed in Washington, DC and to obtain a separate ticker for that company and for our public startups.

Marketing tech startups with a nutrition brand is difficult. When I got organic traction with some of this work and members of the press interviewed me, previously, they ended up writing about me as the CEO of a nutrition company. Attracting new backers under those circumstances was nearly impossible, but I was successful anyway.

What you mean by "get out of the way" is "take all the value of the existing business away from you and the other ADIA shareholders and use it to enrich myself and my new investors instead."

That's complicated, and to some extent you're asking me to speculate about things that didn't involve me. My belief is that the only thing the custodian did do was send a notice to the former resident agent service in Nevada.

My phone number is still the phone number listed as contact number for ADIA on the OTC Markets website and in our SEC filings, and I do know that nobody ever called that number trying to reach Bill Hodson. We can draw some conclusions from that fact, or not.

I am not an officer or director of ADIA so I wasn't a person with legal standing at that hearing.

The least-expensive solution is for the custodian to withdraw so that Bill Hodson can file the past-due list of officers and directors and the shareholder meeting can occur. Why hasn't the custodian been in contact with Bill? It's not like Bill is hiding. There will be more clarity on all this soon, most likely.

No, it is the failure to notify the Secretary of State about the final resolution/liquidation and wind-up, or the failure to file the required annual report which lists the Officers and Directors, that might indicate a corporation has been abandoned by its officers and directors. When that happens, a custodianship can be granted so the shareholders can elect a new Board and carry on the business of the company.

I believe they did not move forward because they cannot cast the majority vote at the shareholder meeting, because this corporation has not been abandoned as they claimed it had been.

I am not a Director of ADIA at this time, I am a shareholder like you. With the Preferred shares giving me preferred votes, and even without those preferred votes my Common stock voting block exceeds the free-trading float.

The custodian is required to pay to bring ADIA current in Nevada.

No, they will not be able to cast the majority vote at the shareholder meeting. I informed them of this last year.

I never said it was not possible for the custodian to reinstate. The court ordered them to do so and that's the job of the custodian. Not sure where you got confused reading all my words, but I am not here to give other ihub users my time endlessly for debates.

Real questions asked will be answered, but false excuses to insult or attack me will be ignored. Thanks.

The "Stop Sign" condition is easily remedied. A securities lawyer sends a letter to OTC Markets Group to upgrade ADIA to Limited Information to avoid suspension, and with voluntary filings as I was doing before this should give us minimal compliance with the new Rule. Filing financial statements for ADIA with OTC Markets Group through their Disclosure & News Service is achievable again just as we did before in 2012 after I helped with the launch of Adia Nutrition.

The facts speak for themselves. When a lawyer says repeatedly that something is going to happen in weeks and it doesn't happen, that's strange, but not as strange as the lawyer promising the court that the currently-operating business and its director will be kept informed so the necessary shareholder vote at the shareholder meeting can be cast. I think the word "misled" might be a bit too strong in this case, but things have certainly not transpired so far in the manner the custodian intended. They made a mistake believing they could hijack ADIA and they will go away now without expensive and complicated legal action against them, I believe.