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Top Notch thanks bunchly. I googled yesterday, not so much as a tiny blurb anywhere. Well done nice work! Sounds like a couple days yet before all the pieces to the puzzle fall into place. That would make sense given the size of this bemoth.
GREAT GOBS of FUN, you have to admit though.
Filing on a Sunday that doesn't show up on news outlets on a Monday is something out of the ordinary. Sitting tight cancelled bus, this is too interesting. May the Merger Gods smile down upon you in all there fiscal frolics TJG.
Today seems like a good idea. I'll build a cup of coffee. Might need to spike it 🤭☕
I'll wait till filing finds it's way to Nasdaq, thanks!
Seems like this has to explode any way it goes. A one cent company taking over to much to remember? Crazy LOL!
How are you hearing all this, secret news portal?
Room for confusion for sure. So you're saying AFFU is still taking over the Durham Black, One Mind and the other one? Trying to catch a bus amidst all this...
Ok cancelled my sell order for sure. If AFFU getting bought out it's going to be a quick and hard run. No increments here I can see. Very interesting indeed.
But 1 is Affluence's very own security company
... or about to be so I've read. Now why would they go out of there way like this. Unless they had something very important to protect. Intriguing to say the least. ✔️
3 acquisitions tells me somethings went right 🤭
But yes quite correct forward looking statements can be Rose tinted at times. We're about to meet the real Affluence folks if they post on time. 💰🫰
They PRed this last April 17th 2023
Man were they excited about 2023-24. That enthusiasm seems to be infectious even today as 4 of last 5 trades were @ .0137 on Friday. If history is any constant with Affluence we could well see a very nice PR tomorrow 🤔
Yahoo Finance
ACCESSWIRE
Affluence Corporation Announces Record 2022 Revenue
Affluence Corporation
Updated April 17, 2023·4 min read
Affluence Corporation
OAK BROOK, IL / ACCESSWIRE / April 17, 2023 / Affluence Corporation (OTC PINK:AFFU) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for 2022 and Q4 with record revenue for FY 2022. Highlights include:
Revenue growth of 185% year over year
Year over year gross margin improvement of 5 points
Q4 Revenue growth of 38% vs. Q4 2021
"2022 was a year of firsts for Affluence Corporation and we experienced growth in all aspects of our business. We significantly expanded our customer base, developed major partnerships all over the world and continued to enhance the world's premier Smart City Software solution by incorporating AI technology and offering customers a SaaS option," said James E Honan, Jr., CEO of Affluence Corporation. "I am extremely proud of our team and delighted to announce record revenue growth for 2022. Full year 2022 revenue of $1,463,099 is a 185% increase over $513,673 in 2021. Also, we improved gross margin by 5 points versus the prior year while maintaining the same level of operating expenses. Q4 Revenue of $434,850 increased by 38% versus Q4 2021. While we are very happy with the 2022 results, we are extremely excited about our prospects for 2023. Our preliminary First Quarter results look to be at least double that of the prior quarter. We won a major sales opportunity early in Q1, have visibility to several other large opportunities and our sales pipeline is 5X what it was last year at this time. 2023 looks to be a break-out year for Affluence," said Honan.
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"The OneMind Technologies team over performed in every facet of our business," said Stephane Eyme, Global CEO of OneMind Technologies. "Our focus in 2022 was to continue to leverage our partnership model to grow through strategic partnerships. To that end, in addition to already established partnerships with Orange Business Services (NYSE:ORAN), who granted us with their Best Partner Award for IMEA 2022, we entered into a world-wide strategic partnership with Dell Technologies (NYSE:DELL) and regional partnerships with INJAZAT in the Middle East, BESTEL in Mexico and Central America, GLOBE in South America and STEE in Singapore. We are currently engaged with all of our partners in multiple on-going sales opportunities for 2023. Our sales pipeline has never been larger and continues to grow and we expect to be announcing sales in each geography, including the US. In 2022 our development team strengthened an already industry standard software offering by adding AI capabilities and we introduced a new platform version named OneMind-NG which includes SaaS capabilities among many other added technology enhancements. Additionally, with our technology partner CORSIGHT we jointly configurated a market offering based on both products to combat auto theft and carjackings. This new product is currently being evaluated in uses cases in the US. Our professional services team continues to deliver against a contract for the world's largest smart city project in Saudi Arabia," said Eyme.
About Affluence Corporation
Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com
About OneMind Technologies SL
OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.onemindtechnologies.com
I'm getting myself in hot water here (edit)
There are other factors in play here. Let's imagine Bjarne agreed to this newsletter hypothetically speaking. You'd be constantly exposing the CEO to legal entanglement in anything and everything he says in this newsletter.
Therefore not only does he regularly run the risk of exposing company secrets or intellectual property. But an investor could sue him in breach of (insert your situation). So there is a very thin line he must trapeze every week and also you're taking him away from his main focus which is to build the company. You'll notice he used the word onerous when he described the difficulties of satisfying NYSE . The newsletter itself could easily become quite onerous as well. There are simply some weeks when there is nothing to say there's nothing to report and that could expose other investors. It could bore investors instead of keeping them interested as well.
Most crucially you're probably forcing him (hypothetically) into using a lawyer for every newsletter to make certain he isn't exposing the company's intellectual property. In this respect your idea could fiscally break the company LOL! Lawyers don't come cheap! I hope you see what I mean , in startup companies cash is KING. There's very precious little of it , so to waste it on acknowledging investor curiosity just isn't productive enough as compared to building the company.
"Loose lips sink ships" 🤔
Go one further give him a personal call.
There's a host of inferences in telephone chat you can't get from emails texts etc. That connection should be a must for any CEO, any stock. I always try and track down the CEO. Even if they're avoidant you can draw conclusions from that.
For these reasons I'm not sure if I like your idea or if I think it puts the CEO at an unnecessary distance. I definitely don't like to distance myself from any CEO he can really help you through the rough patches just from speaking with them before they occur. Way less stress when you're on a one-to-one basis.
Late Friday filing would be just ducky
How did your CEO for the day go?
🫣
He vanishes as quick as he appears pay no mind.
Why would you say earnings Monday. Any particular reason apart from tea leaves and ouiji boards? 😬
Incidentally who had the stinker subpenny bid yesterday?
I really admired your enthusiasm 😂
Ok mid-May or mid-October sounds sensible...
What do you guys think?
Going to the Naz somehow that doesn't surprise me. 🤭
But I sure am pleased to hear that!!! 😁 Awesome actually we will get more traction sooner. There is still a chance for NYSE yet in my opinion because after North America is conquered so to speak. There will be Europe and other areas internationally.
So you never know we may get to the NYSE yet! But that would be years away guys, this is really good news actually . Things are going to move quicker. Like Scottie said quite some time ago the NASDAQ is a good seconder for an uplisting to a senior exchange.
Tiger do you know when, did he give any inference, as to how soon we might uplist on Nasdaq please?
Go with your initial speculation, theory#2 nope!
He's not selling, he's building it.
Here's the jist of that 8K with Sadie Stern
I'm a Mariner by trade, that name alone would get a few comments in my coffee room LOL!
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 5, 2024, Ms. Sadie Stern notified the Board of Directors of Sonendo, Inc. (the “Company”) of her intention not to stand for reelection to the Board of Directors of the Company at the expiration of her current term at the 2024 Annual Meeting of Stockholders. Ms. Stern will continue to serve as a Class III director and a member of the Nominating and Corporate Governance Committee and Compensation Committee (the “Committees”) until the date of the 2024 Annual Meeting of Stockholders. Ms. Stern’s decision not to stand for reelection was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. The Company expresses its gratitude to Ms. Stern for her invaluable and dedicated service, including her service on the Committees.
You want to know WHY he relinquished application to NYSE. That's the first question on my mind. Secondly what are his future plans for SONX. Is it still NYSE, is this a major glitch, why so many departures in management.
Prioritize that list, chances are you won't get through it all so ask the big WTH questions first.
Company website should carry everything
You can't just PR selectively people get the wrong impression of the company. I don't know Scottie, that was another board member heading for the door and there's no sign of a permanent replacement for Watts yet. The only tangible perception I'm getting is inner turmoil, not good.
Company website not carrying company news now?
That's not transparency I'm getting a short fuse with all these shenanigans. What next do we need to grovel for. This isn't cool with me, I mean at least put it up on company website.
Good grief what the heck is going on? If the company can't do it's part what are investors supposed to think. I don't like reading between the lines when news should be out in the open. This really grates me the wrong way.
Still looking for Sadie Stern PR
It only came up on Tip Ranks a massive pain in the nuisance. Absolute jungle of pop up's. Why is that PR not commonly carried. That's really odd, maybe I'm not awake yet... Good chance!
I'll bet you a brass button we stay OTCQX
Uplisting, relisting right now is a risk. All that work to comply only to miss the cut because of a choppy market? When that energy could be further directed to closing on more sales is questionable right now.
I'd love to know the major reason why he relinquished his application. I mean we could all stand here and guess all day but this is a material event. So we do deserve to know the real reason and transparently. IMO
These words are legally proof read, here's why.
Neither company is saying they have programmers on it tweaking the software for a specific customer as we speak. Trudeau government has to be considered the big fish as far as Canada goes. There could be other dental associations Valsoft is trolling for as well. Even outside Canada.
Contextually the Valsoft partnership doesn't have a confirmed customer yet. No not one. The partnership is a jungle of JV's by the scruff of it. Shareholders deserve to understand this partnership a lot better though. That's not to say I expect an explanation of the partnership tomorrow indeed we may not know anything further until ValSoft has a customer on the hook.
That won't be out of disrespect to the shareholders, indeed quite the contrary. Until a sale of the software is closed on I can easily see where both ValSoft and Sonendo would need to keep totally hush on the transaction. Out of respect to the customer.
Yes! He has an unshakeable belief in the business. Why not, it is definitely a game changer for everyone involved. It feels like Canada may well be the canary in the coal mine.
I'm sure that's what ValSoft's initial reason for buying was. Free dentistry paid by the Canadian government. Sonendo fell into a bucket of honey because Trudeau will save billions over the years to come, that's no maybe, that's a certainty.
Excellent point are you putting to much weight in the word partnership though. I didn't see any LOI's, MOU's. The partnership is only a handshake agreement that I could read so far. Love being put wrong on that.
Valsoft will typically hold for one year and aim for 100% gains then unload. They currently have 94 other software companies. There sole business is flipping software end of Valsoft story. Sure they "incubate" the software in a virtual Software shopping mall. But I don't know that they have programmers now that I know them better. 🤔
You might be jumping the gun there I think.
All Bjarne has done is postponed an NYSE relisting. Who knows, has he been in contact with the Nasdaq before the letter to NYSE. My very strong hunch is absolutely. Indeed he may have already applied. There's so much to unpack right now and every shareholder is starved for info in a material event.
Can we anticipate a PR very very soon. Again my gut says yes and it better be as transparent as possible. If not this was just the tremor standby for the full shaker.
My bad quite correct. Need a coffee.
Biolase going to smoke us or buy us? 😂☕
I can't speak for anyone in this Rabbit Hole...
But that's what I'm planning, heck why not. There's still plenty of upside. Phenomenal technology, that's only going to get better.
Welcome to the pinks, an extreme environment.
To be very candid hold that thought, because I sure can't see Bjarne throwing in the towel that's for sure. Not after a million Root Canals. There is most definitely a considerable intrinsic value to be reckoned with in SONX here , besides any market cap.
Yes I have to agree, (edit) I don't want that yet. But you are correct sir. Interesting thought actually a hypothetical buyer could have approached from the Nasdaq. I don't believe Bjarne wants to sell into weakness right now though. He knows the true value of Gentle Wave so...
Oh ok. It's only speculation at this point.
All it can be until he decides what to disclose. CleanFlow® is an oral sterilization appliance. There's no way FDA can't* be involved to my mind...
I'm not understanding your question, sorry...
Bjarne withdrew April 11th (says in filing)
So much turmoil, politics, war, inflation, interest rates. Very difficult time finding any stability.
Starting to sound like the FDA was the fly in the ointment. Well this is a material event alright. We are due some sort of guidance. I hope it's transparent or we could see a Nickle. OUCH!
I'd call him anyway for sure, want me too?
He will stay here for now I think, regroup. Good luck with that subpenny bid. Hard to say where we level off. I sold a small amount to buy back in. It was really challenging catching a falling knife.
My immediate thoughts are it will bottom out around the .06-.07 area. There's like 43 million in cash as I recall so the last thing Bjarne will be doing is panicking. Business as usual, bet on it. This still comes as a surprise even though half expected.
He only filed for release from application to relist yesterday. But early to predict yet you're right. That was Plan B when we last spoke. We can be certain there's plenty of deliberation in the Nerve Center as we speak though.
Kind of looking like the Nasdaq now.
Not sure what happened here but hunch we'll know soon enough.
Wow I never looked so handsome as then...
Not quite but yes, SONX stayed low info.
Out of the $15 million sale price. There was $1 million that was left to be paid to Valsoft a year from the signing of the partnership. Again very little to no transparency at all, as to why.
Theory... you know all these tidbit shares that keep getting filed as D for disposed of or words to that effect? Yeah those puzzling Form 4 jobbies that's right. We might see more of them for that year as SONX cleans up loose ends still under contract to SONX. THEORY*