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So, what about the sale of all those shares for so cheap? Thanks! SS
Is it true that a private investor bought 15M shares (75% of the os) for .03/share last March? Then they repurchased 14M in exchange for some preferrered stock... Translation please.
This from 10Q:
On March 18, 2016, Rafael Solorio, the Chief Executive Officer and a significant shareholder of the Company, privately sold 15,000,000 shares of common stock of the Company, to Kirkland Holding Co., a Delaware corporation ("Kirkland") controlled by Roger B. McKeague, pursuant to a stock purchase agreement. As a result of the privately-negotiated sale, a change in control of the Company occurred and Kirkland now owns approximately 75% of the total outstanding shares of our Common Stock.
Kirkland purchased the shares for a total of $400,000 in cash. The terms of the purchase and sale transaction were as a result of arm's-length negotiations between Mr. Solorio and Kirkland. Neither party had any relationship with the other prior to the transaction....
During October 2016, the Company entered an Exchange Agreement with Kirkland Holding Company, (Kirkland) a shareholder. Under this agreement, the Company will reacquire 14,000,000 shares of Common Stock in exchange for the issuance of 1,000,000 shares of Preferred Stock.
What's going on here? Thanks, ss
I trust filings more than verbal from company. Burned too many times. Sounds like IGEN are good folks, though. SS
When were they converted?
Convertibles now matured - watch out! imo, ss
From 10Q - On September 1, 2016, the Company issued two convertible debentures (“CDs”) in the principal of CAD$50,000 ($38,634) and CAD$20,000 ($15,453) respectively. The CD with the principal of CAD$50,000 (“CD#1) and the CD with the principal of CAD$20,000 (“CD#2”) were agreed to mature on four month anniversary of the closing date of September 8, 2016 (i.e. October 8, 2016). These CDs are non-secured, carry interest of 15% per annum payable monthly or at term. Subject to the approval of the holder of the CDs, IGEN may convert any of all of the principal and/or interest at any time following the 4 month anniversary of the issuance date of the CDs into common shares of IGEN at a price per share equal to a 20% discount to the fair market value of IGEN’s common share..
Just my non-professional comments. Do your own DD. ss
Any hope of ressurection for APPZ? I just can't believe Wayne would actually let this thing die. He's too proud. He always managed to pull a rabbit from a hat, real or contrived, but not this time. When does this thing go to the greys? SS
No APPZ news since February. Do you really think any is coming? Also, web domain is for sale and he doesn't answer his phone. Google searches of Wayne do not reveal any recent activity by the man at all. I think maybe he has his cash and that's that. I don't even think he will do any other ventures if he's done here. He is too well known and probably has too many enemies now. He used to brag about how many famous people were invested in his companies. All just my humble and unprofessional opinion, as always. ss
Whatever happened to the $5M financing... http://traders350.com/monster-arts-inc-otcbbappz-secures-5-million-financing-commitment/723302/ ?
Still there or dead like the company seems to be? There hasn't been an announcement of substance in ages, filings are obviously late and Wayne doesn't answer the phone. It's unlike him, seriously, as he usually has something going on. IDK, maybe he did eat too much pizza. All in a Tuesday night's musing. SS
Hi Mick: What makes you think this? Thanks bro, SS
Hey Minuteman, what convinces you things are afoot? Thanks, SS
What do you mean,"webbing to be done?"Thanks mick!SS
Mick, et.al. What makes you think APPZ is not dead?
Excellent points, RM. Pretty bizaar after winning all those public awards and honors years ago, and selling so many people on this thinig. Seems like a rather unlikable guy at the end of the day, imo. I just thought he'd at least try to revive this thing, pump it one last time just to pull some more cash out of people. I guess not. Maybe the new wife is wealthy and he no longer needs cash. But, IF I'm not mistaken, didn't he give the new woman a bunch of shares? If she's not wealthy, she's probably kinda pissed along with everyone else. Besides, if he started something new, I'm sure you all will find it and expose it. Anyway, all jmho, ss
It just seems so unlike ol' Wayne to give up. I wonder if he's got a pumping scheme up his sleeve, as he's a very good salesman. Thoughts? All jmho, ss
All subs of ARIOQ are gone as well, I imagine. Some of them are still on the greys, but are likely defunct. ss
So, Delmar is out of this thing for good? ss
Anyone heard from ol' Wayne lately? Or, is he still hold up in his basement with a stack of thawed pizzas and warm beer? He's gotta have a phone hookup down there, since he seems to have lost his cell phone. All jmho, ss
Is Delmar still in this thing???
Again, what business is the company in now? Nothing discernible in the documents. ss
Don't any of the documents say what their business is?
And...what is their business? I have seen no reference to it here on the board, unless I missed it. Thanks!
What is their business anyway? ss
Where is the 10-k? SS
Why no name change? Why is website gone? SS
Um...what do you base this on? SS
So, whatever happened to the 10-K?
Since company is basically describing itself by the product of one of it's subs (RoboServer - RBSY), what will happen to RoboServer itself? Will ARIOQ fold company into RBSY, as RBSY only has 70M o/s and 500M a/s? Thoughts?
Wow! Please provide link to A/S increase. Thanks! ss
What did this email invite say? Can you post it? Thanks, ss
Thanks Aries! Do you think this company will actually come back to life?
Anyone know what happened to the subs like BZCN, RBSY, GNRE and others? I know some are still tradiing, at least I think so. Are they still under AmeriResource or is Ol' Delmar still in control of them? Thanks ahead of time. Peace, ss
You'll see your .05 pps if Wayne follows through with a real product, as it would be revolutionary and significant. But I doubt he will, opting instead for the less risky dilution for a living approach to business. Jmho.ss
Thanks SM! btw, when did ol' Delmar sell this thing? Did he sell the subs along with it? ss
Any update on the bankruptsy? Seems dead in the water.
This will never go anywhere w/o real news.ss
This would have been at .05+ with good news and no dilution. But, that's not the Wayne does business, it seems. His business is not product-based, but finance- and dilution-based. Sad for everyone except for him. I'm sure he's doing just fine. All jmho, ss
Only way to see light of day again for APPZ, imo, would be to land a huge verifiable deal combined with a stop to dilution. Doesn't seem likely at this point. ss
SEC CEASE AND DESIST ORDER - Monster Arts
https://www.sec.gov/litigation/admin/2014/34-73519.pdf
Would a legit company consider a multi million $ Drone sofTware deal with a company with a history like this? I don't think so. Companies generally do their research before jumping in bed with a company like Monster Arts. All just my opinion. Do your DD and prosper, people! ss
News Flash-APPZ now has only one Employee. Guess who.....
This from recent 10Q http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10962613
"Significant changes in the number of employees: As of June 30, 2015, we have one full-time employee which is Wayne Irving..."
I guess less is more. LOL ss
New massive APPZ dilution beginning. Just when you thought it was safe to buy at .0001. No bid by EOD Wednesday is my guess. All just my humble opinion as always, ss