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Please explain why a Schedule 13d (or 13g) has not been filed by the Company if in fact your claim Tonner has acquired 10% to be true?: https://en.wikipedia.org/wiki/Schedule_13D
Not the full picture, but close enough.
You forgot to mention the new player to the scheme - SEC recividist Robert Hines, Board of Director: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83799200
Short answer: Because it was never about the dolls.
But even if it were, selling +/-$850k of dolls with an unknown margin (history shows ZERO margin on all of their other products) after factoring in the following simply does not bode well for the stock price as we wait on the next round of financials to come out in the next 2-3 weeks:
Projected Interest Expense for 2015 = $2.2 million
Project G&A for 2015 = $0.9 million
Lawsuits/Settlements/Judgments = $0.8 million
Working Capital Deficit = $24.3 million
Accumulated deficit = $35.8 million
More derivative losses
No cash to fund ongoing operations/production
Also of note from the latest financials: "We believe that our operating expenses will increase over the next 12 months and estimate that our capital requirements for the next 12 months will exceed $1.5 million."
go back and read the Seeking Alpha write up - she is one of the masterminds behind this scam. She has a long history of being tied to SEC suspended companies, such as GSLO, ONYX, and EHSI just to name a couple.
According to this, he is still hanging out in Richmond, Texas (a suburb of Houston): http://www.nevadacorporates.com/corp/1125869.html
Read this and you will better understand how I know:
http://seekingalpha.com/article/3488956-the-titanic-ten-exposing-10-related-otc-stocks
then go here to start your query:
http://www.panama-offshore-services.com/panama_corporation_foundation_name_search.htm?ENTITYNAME=PANAMAIPHONE&TYPE=CORP&START=1&USUARIO=&CONTRASENA=&MENSAJE=Error&ID=615918
You will notice one common name on this registry: CESAR RIVERA
This same guy is prominent on a number of other Thomas John Cloud** (and his father, the late John Thomas Cloud: http://obits.dignitymemorial.com/dignity-memorial/obituary.aspx?n=John-Cloud&lc=2220&pid=159068538&mid=5200965) Panama offshore entities - the links are more than just coincidental:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79637272
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65855347
**Not to be confused with the bible banging CFA Thomas "G." Cloud out of Atlanta: https://www.sec.gov/litigation/litreleases/lr17199.htm
"I wonder who is behind Panama iPhone?" - it is no secret. Thomas Cloud and Kathleen Delaney are behind the Panamanian shuffle game.
After the "best week in Company history" one would need to take a breather ya know.....
WOW - that did not take long....they are literally giving away the original PG dolls at $14.97 each. If OWOO did not make a profit on them at HEB, DollGenie, Amazon, et.al. at $19-$24 each, losing an additional $5-10/doll will not look so hot on the next 10Q....
good point...from the financials, here is more specifically how they record revenue:
"We record revenue from the sales of dolls and accessories in accordance with the underlying sales agreements when the products are shipped, the selling price is fixed and determinable, and collection is reasonably assured. Our revenues are recorded net of returns and allowances."
Agreed - the Company records revenue as product is shipped. The +/-$850k order will be primarily attributable to the Tween Scene dolls, so this should also give us a clear indication of margin (if much of any) on the Walmart sales for this specific product line.
But at what gross margin?? Since inception, the company has given away product at cost. Their operating expenses are currently $452k per quarter. Interest expense is also at $452k per quarter.
This is on top of the judgments/settlements they are/were up against ($800k) paying off recently. Since the company reported that they have ZERO cash on hand, the only way to keep the lights on before any revenue comes in is to issue more convertible notes (or work some more part time gigs at other AM radio stations).
I am sticking with my previous prediction that the share count will not be increased until sometime shortly after the 10Q (late November): http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117159032
Thomas Cloud is the son of the late John Thomas ("JT") Cloud - a long time SEC recividist that partnered with Kathleen Delaney, Robert Federowicz, Jack & Darrel Uselton, Wilson, and others. After JT died, Thomas continued on with the scams, setting up the Panama accounts (as well as ones in Poland, Marshall Islands, and other offshore locations). Thomas Cloud has another entity called Vista Ventures that is often used in these schemes.
More on all the sordid history can be found here: http://seekingalpha.com/article/3488956-the-titanic-ten-exposing-10-related-otc-stocks
Robert Wilson will not turncoat, because he is in bed with Delaney (ref.: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110717852 )
Panama is just another offshore straw to feed Delaney, Thomas Cloud, Wilson and others. Basically, it is their personal ATM for cashing out the stock.
More details on the lawsuit: Social Multi Media IP, Inc. v. On the Move Corp. et al
Defendants include: Dream Team Network, Michael McCarthy, On the Move Corp., Panama iPhone Corp (beneficial owner of OMVS)
https://www.pacermonitor.com/public/case/9556207/Social_Multi_Media_IP,_Inc_v_On_the_Move_Corp_et_al
On October 12, 2015, the Company received notice that it had been sued in the United States District Court for the Central District of California. The plaintiff alleges that the Company obtained certain trade secrets through a third party also named in the suit.
It will not be out until mid-November.
Tuesday's come and gone...."the biggest week in Company History" is over....now what?
Correct - not Richie, however, Andrew Farmer, principal owner of Infinite Funding is the long time financier for DOMK operations
ducduc - thought you might have an interest in this regarding Andrew Farmer, financier of DOMK: http://www.sec.gov/litigation/litreleases/2015/lr23386.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23386 / October 9, 2015
Securities and Exchange Commission v. Andrew Farmer, et al., Civil Action No. 4:14-CV-2345 (S.D. Tex.)
SEC Obtains Summary Judgment Against Andrew Farmer in Pump-And-Dump Scheme Touting Technology to End Fracking
The Securities and Exchange Commission today announced that, on October 7, 2015, it obtained summary judgment on all of its claims against Andrew Farmer in a market manipulation case involving the securities of Chimera Energy Corp. The SEC suspended trading in Chimera Energy stock in 2012.
In its memorandum and order, the Honorable Keith I. Ellison of the United States District Court for the Southern District of Texas found that:
In 2011 and 2012, Farmer orchestrated an elaborate scheme through which he gained control, at nominal cost, of millions of shares of Chimera stock.
Chimera and Farmer conducted a public relations barrage designed to pump up the company’s stock price, despite the fact that Chimera had only nominal assets and illusory business dealings.
The non-hydraulic fracturing technology touted by Chimera and Farmer was “entirely fictitious.”
Farmer personally pocketed more than $4.1 million from his deceptive conduct.
The Commission’s evidence “established the existence of a complex and methodical money-making scheme of which the various statements and omissions were interlocking parts.”
Based on these findings, the court ruled that Farmer violated Sections 5 and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
The Court will determine the appropriate remedies against Farmer at a later date.
The SEC’s litigation is being led by Matthew Gulde and Nikolay Vydashenko.
The SEC appreciates the assistance of the Financial Industry Regulatory Authority and the Swiss Financial Market Supervisory Authority in connection with the investigation leading to the litigation.
For further information, see Litigation Release No. 23072 (August 21, 2014).
Investors should not fall for the banana ....
thanks. eom
Curious....why isn't Tonner at the show? Is he too busy tweeting on #dollchat (https://twitter.com/Tonnerdoll) to make the trip? Seems like this being the "biggest week in Company history" that he would be front and center to support OWOO, no?
In the interest of fairness, I just went to one of the local Walmarts today that was listed on OWOO's website as being one of the stores the Tween Scene dolls are available and how the rollout was going. My goal was to objectively look to see how the dolls were displayed, confirm pricing of comparative products on the same isle, and to give my assessment of how they looked.
Unfortunately, this Walmart did not carry the product at all. I checked up and down all of the toy isles to confirm if I might have missed finding it. I checked the UPC labels to confirm if the dolls might have been sold out. Nothing. Nada. This is of course, just one of 2900+, but thought I would report my findings.
Regarding the other dolls - I liked some of the multi-cultural Bratz dolls (Sasha/Yasmin). The Barbie line was as expected, also impressive and the price point looked comparable to what the Tween Scene dolls are reported to be selling for. Disney's Doc McStuffin's line appears specifically geared towards minority girls, and has a large presence on the isle (along with their Frozen line of dolls, including African American Princess doll Tiana (don't recall her being in Frozen, but she appears to be marketed associated with same and is priced to sell): http://www.walmart.com/ip/Disney-Princess-Sparkle-Princess-Tiana/40712690 . The Dora the Explorer line was also prominently displayed and in my opinion have a direct appeal to the multicultural doll buyer.
The competition from Bratz, Barbie, Disney, and Dora appears formidible - especially having the name recognition and price point that is equal or better than the Tween Scene dolls.
Looks like Trent's reference to "100% focused on QB Status" was in reference to Dallas Cowboy's Tony Romo, not OTCQB.....
There ya go again....
"They got $2 million dollars in low cost financing, that's what!" - NO, they do not have $2 million dollars in low cost financing. What they have is a "hope" to receive up to $2 million in financing that is contingent upon Tonner raising his own $5 million, in which he will lend to OWOO on terms he sees profitable to himself and his company. The "hope" is that OWOO will receive that funding on terms that are more agreeable than the toxic funding they have so adeptly captured over the last few years. I am sure Tonner will look at OWOO's track record of welching on their signed convertible contracts and will not enter into any financing unless it mitigates his risk to the tune of getting a variable convertible note that is $0.50 on the dollar.
yeah...that story about an impending cartoon series has a tin ring to it....remember this gem from 2013?: http://oneworlddolls.com/the-one-world-doll-project-begins-production-of-prettie-girls-cartoon-series-and-feature-film/
kinda reminds me of the promise to get out of the "dilution zone": http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99265617
Again...posting Tonner has already taken his ~10% stake is misleading. If in fact he has already done so, then explain why a Schedule 13d (or 13g) has not been filed by the Company?: https://en.wikipedia.org/wiki/Schedule_13D
Listen to the call again - there was additional dialogue after that statement.
Your analysis is seriously flawed - here are a few takeaways:
Since OWOO has likely done one million in sales this year online, it might be reasonable to assume another $8million in sales this holiday.
First, OWOO has only done $1572 in sales (primarily online, but presumably also includes HEB, Fiesta sales) for the 1st 6 months of the year - notably those sales were at a loss after cost of sales.
Secondly, the "million in sales" factors in the announcement that OWOO has received $850k in purchase orders (mostly attributed to Walmart). There is no evidence they have reached $1 million in sales, aside from Trent boasting he had made the same at a time early in the 2nd quarter (see above sales of only $1572 which contradicts that claim).
OWOO will not make anywhere near $8 million - but the $1 million would seemingly be in their grasp when combined with the aforementioned $850k purchase order they had in hand.
The ($830k) product is already shipped to Walmart - you are presuming they sell out well in advance of the holidays AND Walmart needs an 10 fold increase in product AND the company can replenish (from China) the dolls in time to hit store shelves - you are clearly stretching at this point.
The "Oprah" factor that keeps re-appearing here is just a "wish" at this point. From the conference call it was a "maybe" - I think until (if) it happens, this is just another stretch (hype). The conference call indicated it may or may not come to fruition.
"We could see over $50million in sale this year!" - not likely...not even close. More importantly, this has never been about the dolls, but if it were, what gross margin would you expect on $1 million in sales, considering the company has yet to make a profit for ANY of the dolls sold to date?? Even if they turn in a modest margin, what about all of the Interest Expense, G&A, Convertible Notes, Lawsuit Judgments/settlements, etc...??
Let the spam-a-thon begin....meanwhile.....light reading for those that actually care: http://seekingalpha.com/article/3488956-the-titanic-ten-exposing-10-related-otc-stocks
Nothing new for the World Class Management Team and their highly paid PR firm of Rubenstein and Shade Global: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100858579
EMBRACE THEIR PRETTY!
WE JUST GIRLS TO BE ABLE!
Glad to see Charley Echiverri (aka "Chuckie Muscles") got a new gig as Executive Assistant at OWOO after Sweet T's failed radio gig didn't last.....
"Nearly Ready...."?
Same old promises - just like these from 2 years ago: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94188188
In case you missed this post on Robert Wilson: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110717852
"4th quarter revenues are the ones to look out for, holiday season sales" ..... I disagree.
From the Company financials, they state the following regarding timing of recognition of revenue:
We record revenue from the sales of dolls and accessories in accordance with the underlying sales agreements when the products are shipped, the selling price is fixed and determinable, and collection is reasonably assured. Our revenues are recorded net of returns and allowances.
The holiday sales revenues will be recorded primarily in the 3rd quarter since in all likelihood, virtually all of the shipments have already been made (evidenced by the product already showing up on shelves). What will not be baked into the numbers are any potential returns or allowances, or restocking in the event of products being sold out. Although many are optimistic that 100% of the product will be sold, what is worse yet, the 4th quarter will need to allow for the likelihood that some product will go unsold and/or eventual discounted product that may sit indefinitely on shelves.
What exactly do you expect to hear on Oct. 5? A tweet from the company stating they have officially rolled the dolls out and a cameo appearance on a local early morning AM Radio station touting the same?
Revenues will not be reported until the next quarterly report (mid-November) - and what I anticipate you will see in that report is at least $850k of gross sales with a cost of sales approaching $750k, resulting in a gross margin of +/-$100k. Unfortunately, all of this margin will be wiped out with the runaway interest expense, judgments/settlement of lawsuits, a bloated overhead/G&A, and other "marketing" expenses for rolling out the dolls. On or about the issuance of the 10Q, I am predicting that the O/S will need to be adjusted beyond the self imposed "for now" cap of 500 million - simple math to pay the bills will require it.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10868302-977-95314&type=sect&TabIndex=2&dcn=0001445866-15-000951&nav=1&src=Yahoo
Note 2 (going concern).
The main question is whether this derivative loss is a real/tangible hit against their working capital deficit or not - in other words since they classify it this way, does it mean this is a real and immediate need to go out and finance additional notes in order to pay off pending conversions?
I am following OWOO and they have stated in their latest financials the following concerning their Working Capital Deficit:
"The working capital deficit, accumulated deficit and total stockholders’ deficit resulted primarily from the significant derivative liability and debt recorded at June 30, 2015"
Question - is it customary to have a derivative liability (due to a change in valuation of convertible debt notes that have a variable conversion rate) be attributed to the Working Capital Deficit? It is my understanding that Working Capital is the actual immediate cash needs to run the business - this type of derivative liability seems unusual to me to be shown under this category since it is a paper re-valuation - not an actual cash need (unless converted).
Fair enough....however, the Company has known they have hit the shelves as early as Sept. 16: https://twitter.com/oneworlddolls?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
From the above tweets, it is clear they are not concerned about gags on a PR. And clearly after one full week they would have engaged their world class PR firm of Rubenstien or Shade Global to play catch up!