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Hmmm... no rebuttals to my DD links. Not a single one. Wonder why. Could it be that the DD offered is totally valid, difficult to argue with and should raise serious red flags about APPZ? Could it be that you all are up to your eyeballs in shares and are pumping, seeking other bag holders as the dilution and fluff continues? Just musing.
All just my non-professional and humble opinion as always,ss
Well taken GOducks123: When you get to be my age, you've made your share of mistakes and taken a few on the chin. I had not done adequate DD on APPZ, which was unlike me, and should have seen this coming. Live and learn. The lessons: ALWAYS do your DD and connect the dots! ss
You're excited EmptyBones, but Geez, do your DD. APPZ shareholders are always surprised when new dilution comes just as things look good. Do yourself a favor and read the filings and the DD provided here. It's no accident CEO is driving this thing into the ground. It's all in the filings!!!! It describes right there how company is looking to raise $5M and plans to do it with equity financing. It's already been driven from almost $3.00 to .00005 with a lot of carnage along the way, massive hype, new products up the wazoo and virtually no revenue and r/s coming, imo. Look at the 8K for God's sake. It's among the worst I've ever seen.
All just my non-professional and humble opinion as always. Do your DD and prosper,ss
Hype = fluff to absorb new massive dilution, imo.ss
Spike to .001 already happened, new lows coming, imo. Already had our double to .001 and now will settle back down under new heavy round of dilution to .0004 or lower. Look at the pattern folks and for goodness sake, read the filings and the REAL DD provided on this board.
All just my non-professional and humble opinion as always,ss
Good eye Raggedy Man. More desperate than ever, I see!
Same death spiral, different day. All just my non-professional and humble opinion as always, ss
And there's more...
This from TNS
https://thenakedshort.wordpress.com/2014/03/26/silly-monster-arts-appz-press-release/
"APPZ publishes its silliest press release
By now it should be apparent that Monster Arts (APPZ) is in desperate financial straits, suffers from appalling corporate governance issues and doesn’t really produce anything of value. As icing on the cake here is a silly press release that came out today (presumably issued by the troubled firm’s prolific PR team): “Zombie targets game a big hit at bowhunting super show.”
I’m not going to do a play-by-play of this nonsense. But I would like to draw readers’ attention to one paragraph in particular:
Exactly how big is the zombie market? In late 2011, 24/7 Wall St. conservatively estimated the size of the “zombie” economy to be $5.74 billion, with the size of the market broken up into sub-categories as follows: video games ($2.5 billion); movies ($2.5 billion); comic books, magazines and television ($50 million); Halloween costumes ($500 million); books and novels ($100 million); and other sub-categories including conventions, events and walks, merchandise, digital world, music and art ($90 million). Source (10/31/11 NBCNews.com article by Jon C. Ogg, “Zombies Worth Over $5 Billion to Economy.”).
And yet:
The Andy Ross Zombie Targets Game for iPhone and Android are available as free downloads from their respective markets located at iTunes and Google Play, and also are available for downloading at http://www.maxappsgames.com.
For an idea of this event, you can check out the Flickr page mentioned in the press release: http://www.flickr.com/photos/andyrossgames/sets/72157642765951373/. And on a slightly different note, I think it’s pretty bold to claim an app that lets kids shoot at cartoon zombies “encourages all the basic fundamentals for pre-school mind development including, hand-eye coordination, color identification, depth perception, and the growth of fine and gross motor-skills.” An even more ridiculous assertion from APPZ’s “technology advisor” follows:
“The success of this very ‘age appropriate’ game — seeing children concentrate and make efforts to complete each task that is presented to them and through game levels with varying degrees of difficulty — is very encouraging. Over the past 10 years I’ve been able to work with educators and administrators in designing and supervising the educational curriculum for more than 10,000 preschoolers, and it is very gratifying to see how Monster Arts has utilized my experience and suggestion in their conception and design of this fabulous game. It is really fun to see how this technology can both capture a child’s attention and light the spark that triggers their desires to succeed and accomplish a set number of tasks in a sequential order.” Jennifer Salwender, Pre-School Director and Technology Advisor to Monster Arts.
To be clear, I am not writing these posts just to beat up on a struggling firm. I believe APPZ management has actively defrauded its investors. This stream of shoddy press releases is clearly intended to provide an air of legitimacy. But again, even the most cursory research quickly brings the whole illusion crashing down."
All just their opinion and you need to do your own DD, folks.ss
up and up has referenced recent SEC complaint(s). See his posts, ss
Re: Toxic Financing from TNS...
The importance of DD you guys...
https://thenakedshort.wordpress.com/2014/04/23/appz-toxic-financing-asher-enterprises/
"Per my previous post regarding toxic financing, here are some choice cuts from Monster Arts’ (APPZ) most recent 10-K:
NOTE 12 – CONVERTIBLE NOTES PAYABLE
Asher Enterprises, Inc.
As of January 1, 2012, the Company had three convertible notes outstanding to Asher Enterprises, Inc. with a combined principle balance of $80,300.
On March 13, 2012, the Company issued 10,186 shares of common stock to Asher Enterprises for the conversion of $5,500 in principal of outstanding convertible notes payable. On April 17, 2012, the Company issued 11,217 shares of common stock to Asher Enterprises for the conversion of $1,300 in principal of outstanding convertible notes payable and $831 in accreted discount. During the second quarter of 2012, Asher Enterprises, Inc. took actions not beneficial to the Company or its shareholders. As a result, on April 26, 2012, two related-party investors, one of which is the Company’s current chief executive officer, paid personally the remaining Asher principle convertible note payable balance of $73,500 as well as forgiving $21,121 in shareholder loans. In return the Company issued a total of 2,700,000 shares of unregistered restricted common stock.
On April 11, 2013, the Company entered into a Convertible Note Agreement with Asher Enterprises Inc. for a $42,500 convertible note payable with interest of 8% per annum, unsecured, and due January 14, 2014. The note is convertible into common shares of the Company at a conversion rate of 55% of the market price, calculated as the average of the three lowest trading prices in the previous 10 days leading up to the date of conversion.
On May 13, 2013, the Company entered into a Convertible Note Agreement with Asher Enterprises Inc. for a $63,000 convertible note payable with interest of 8% per annum, unsecured, and due February 17, 2014. The note is convertible into common shares of the Company at a conversion rate of 55% of the market price, calculated as the average of the three lowest trading prices in the previous 10 days leading up to the date of conversion.
On June 14, 2013, the Company entered into a Convertible Note Agreement with Asher Enterprises Inc. for a $37,500 convertible note payable with interest of 8% per annum, unsecured, and due March 18, 2014. The note is convertible into common shares of the Company at a conversion rate of 55% of the market price, calculated as the average of the three lowest trading prices in the previous 10 days leading up to the date of conversion.
On July 10, 2013, the Company, entered into a Securities Purchase Agreement whereby the Company sold a Convertible Promissory Note to Asher Enterprises, Inc., a Delaware corporation, in the original principal amount of $37,500, and accruing interest at eight percent (8%) per annum. The Note is convertible into the Company’s common stock at a conversion price equal to fifty-five percent (55%) of the then-prevailing market price, beginning one hundred eighty (180) days from the date of the Note’s issuance.
On September 12, 2013, the Company, entered into a Securities Purchase Agreement whereby the Company sold a Convertible Promissory Note to Asher Enterprises, Inc., a Delaware corporation, in the original principal amount of $32,500, and accruing interest at eight percent (8%) per annum. The Note is convertible into the Company’s common stock at a conversion price equal to fifty-five percent (55%) of the then-prevailing market price, beginning one hundred eighty (180) days from the date of the Note’s issuance.
On December 23, 2013, the Company, entered into a Securities Purchase Agreement whereby the Company sold a Convertible Promissory Note to Asher Enterprises, Inc., a Delaware corporation, in the original principal amount of $60,000, and accruing interest at eight percent (8%) per annum. The Note is convertible into the Company’s common stock at a conversion price equal to fifty-five percent (55%) of the then-prevailing market price, beginning one hundred eighty (180) days from the date of the Note’s issuance.
In the year ended December 31, 2013, Asher Enterprises converted $44,490 of convertible notes payable into 7,265,116 common shares.
Based on these terms and the most recent closing price of $0.0020, APPZ looks to be on the hook for more than a few common shares. To the firm’s credit, it does disclose dilution as a risk factor (*wink*).
Read all links at bottom of page.
All just their opinion, not necessarily mine. Do your DD and prosper, ss
Speaking of potential dilution…
And this article was from many months ago! If shareholders only would have read it then...
"Hot on the heels of my posts regarding toxic financing, Monster Arts (APPZ) has made a timely 8-K filing certifying a change to its articles of incorporation. Specifically, a more than five-fold increase in authorized shares, from 750,000,000 to 5,000,000,000. Yes. That’s five billion. With a “b.” Read for yourself:
Certificate of Amendment to Articles of Incorporation
On February 20, 2014, the Board of Directors of Monster Arts Inc., a Nevada corporation (the “Company”) authorized an increase in the Company’s shares of common stock from 750,000,000 to 5,000,000,000 shares of common stock, par value $0.001. On February 20, 2014, the Company filed a Certificate of Amendment with the Nevada Secretary of State to increase its authorized capital to 5,000,000,000 shares of common stock, par value $0.001,(the “Increase in Authorized”). The Increase in Authorized was effective with the Nevada Secretary of State on February 20, 2014 when the Certificate of Amendment was filed. The Increase in Authorized was approved by the Board of Directors and the shareholders holding all of the total issued and outstanding shares of Series A preferred stock, which represented a majority of the total issued and outstanding voting shares on February 20, 2014.
Note that in a previous filing, management estimated it would need to raise an additional $5,000,000 to “forward its business plan.” In the most recent 10-K, APPZ disclosed that in lieu of generating any cash from operations, it will “rely on equity sales of our common shares in order to continue to fund our business operations. Issuance of additional shares will result in dilution to our existing shareholders.” APPZ further disclosed that should it raise more capital, it plans to spend $250,000 developing an EEG headset.
Clearly further dilution is on the horizon.
The big question is whether Wayne Irving will engineer a reverse split first."
All just their opinion and not necessarily mine. Do you DD and prosper. ss
Monster Arts (APPZ): A clear case of fraud or just exceptionally badly managed?
https://thenakedshort.wordpress.com/2014/03/06/monster-arts-aapz-fraud-warning-signs/
Read all APPZ DD links in red at bottom of page.
All above just their opinion and not necessarily mine.
The point is to do your DD and above all READ THE FILINGS! ss
BEWARE OF HYPE...Are all APPZ products bogus?
Before getting too excited the hype here, read this DD from TNS...
https://thenakedshort.wordpress.com/2014/03/13/monster-arts-appz-fake-products/
Also see links at bottom of page for more DD on APPZ
Just their opinion, ss
APPZ DD from TNS - Ramped up even more with new shares to CEO, imo
Unbelievable!!!!!
APPZ offers preferred shares for poor performance...
https://thenakedshort.wordpress.com/2014/04/16/monster-arts-appz-preferred-stock-announcement/
"Monster Arts (APPZ) is a veritable font of poor corporate governance. Another case in point: CEO Wayne Irving II’s preferred stock awards, per the most recent 8-K. Some context:
On November 18, 2013, the Board of Directors of the Company authorized and approved the creation and designation of 10,000,000 shares of the preferred stock as Series A preferred stock (the “Series A Preferred Stock”). The Designation of Series A Preferred Stock was filed with the Nevada Secretary of State on November 18, 2013 (the “Designation”). On April 2, 2014, the Board of Directors authorized and approved an amendment to the Designation, which increased the number of shares of Series A Preferred Stock to 20,000,000 shares. The Amendment to Designation was filed with the Nevada Secretary of State on April 4, 2014 (the “Amendment to Designation”).
How common shareholders get the shaft:
The shares of Series A Preferred Stock carry certain rights and preferences. The Designation provides that the holder of the Series A Preferred Stock shall at their option convert the shares of Series A Preferred Stock into shares of common stock on a one for one basis. The Company may also redeem the shares of Series A Preferred Stock at a redemption price of $0.001 by providing a five day notice to the holder of the Series A Preferred Shares (the “Notice of Redemption”). In the event of receipt of the Notice of Redemption by the holder of the Series A Preferred Shares, the holder shall have five business days from date of receipt to convert into shares of common stock in accordance with Section 5 above irrespective of Section 5(a). The Designation further provides that each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of Series A Preferred Stock multiplied by 100.
And a silly joke (unless maybe you own shares of this turkey):
On April 4, 2014, the Board of Directors authorized the further issuance of an aggregate 10,000,000 shares of Series A Preferred Stock at a per share price of $0.001 to Mr. Irving. The Board of Directors authorized the issuance of the aggregate 20,000,000 shares of Series A Preferred Stock to Mr. Irving based upon recognition of the outstanding services, leadership and innovative business operational strategies provided by Mr. Irving and his continuous dedication and loyalty to the Company, in light of non-payment for the past two fiscal years of any cash remuneration by the Company to Mr. Irving for this continued executive services.
Because, you know, the guy who generates a $3.3 million operating loss over six years really deserves a sweetheart deal for his efforts. In other news, APPZ has finally filed its 10-K for 2013. Highlights include $991,122 in consulting fees to generate $32,568 in revenue, as well as a $21 million derivative liability related to APPZ’s shady convertible notes outstanding."
All just their opinion, not necessarily mine,ss
Surprise! APPZ auditor’s been sanctioned...
This from TNS:
https://thenakedshort.wordpress.com/2014/03/16/monster-arts-appz-auditor-registration-revoked/
All just their opinion,ss
Classic death spiral. Read the filings!!!!!
Why do you think pps isn't moving? Also, in spite of all the hype over the past year, APPZ has virtually no revenues and has lost 99.7% of it's pps. It will continue it's fall, imo. Why would that be? Incessant DILUTION! Just read the filings, folks, it's all there. All just my non-professional and humble opinion as always. ss
DO YOUR DD is all I can say!SS
ThrowinShapes: Seriously hope you got out when able!
Just my opinion,ss
Wayne is now Chairman, CEO, CFO & Secretary of Monster Arts, according to the 4 filed the other day. Where did everybody go? Are there even any employees anymore? ss
You were right BULLY, and like so many others I didn't see the writing on the wall. I do now. Thanks for the efforts.ss
Interview is 3 weeks old with no comments. Also, does Wayne mention any specifics or any real numbers? Ask yourself, why not? It's the same old fluff he's done with all his previous projects. No substance at all, imo, at least not worthy of anyone's investment, thus only miniscule revenue coming into the company. It is the opinion of many that Wayne's only business is selling shares at lower and lower prices. Heck, he even said in filings he'll be using equity financing to run the company. All you have to do is read the filings, for goodness sake. R/S coming quickly, I bet, then he can start dilution all over again with new excitement and drive price down to .0001 once again with a new bunch of investors. And, I don't think he's getting poor doing this. :)
Just my opinion as always. Do your own DD and prosper. ss
I finally did my DD, friend, and dug deep enough to discover what I believe APPZ truly is. ThrowinShapes, this is why I'm so passionate about people doing their DD now. A little time spent investigating can save loads of time and $$. I admit I had my head in the sand. Live and learn, plain and simple.
All just my non-professional and humble opinion as always,ss
Game over shortly, VERY SHORTLY, imo.
Anyone selling at .0007 will be very lucky, imo.
What's awful is the raping of shareholders over the past year, imo. While the folks paid for company's payroll and "projects," pps has done nothing but drop, with precious little revenues or success. People seem to feel duped and brazenly lied to.
All just my non-professional and humble opinion.ss
DD from TNS...
APPZ offers preferred shares for poor performance...
https://thenakedshort.wordpress.com/2014/04/16/monster-arts-appz-preferred-stock-announcement/
"Monster Arts (APPZ) is a veritable font of poor corporate governance. Another case in point: CEO Wayne Irving II’s preferred stock awards, per the most recent 8-K. Some context:
On November 18, 2013, the Board of Directors of the Company authorized and approved the creation and designation of 10,000,000 shares of the preferred stock as Series A preferred stock (the “Series A Preferred Stock”). The Designation of Series A Preferred Stock was filed with the Nevada Secretary of State on November 18, 2013 (the “Designation”). On April 2, 2014, the Board of Directors authorized and approved an amendment to the Designation, which increased the number of shares of Series A Preferred Stock to 20,000,000 shares. The Amendment to Designation was filed with the Nevada Secretary of State on April 4, 2014 (the “Amendment to Designation”).
How common shareholders get the shaft:
The shares of Series A Preferred Stock carry certain rights and preferences. The Designation provides that the holder of the Series A Preferred Stock shall at their option convert the shares of Series A Preferred Stock into shares of common stock on a one for one basis. The Company may also redeem the shares of Series A Preferred Stock at a redemption price of $0.001 by providing a five day notice to the holder of the Series A Preferred Shares (the “Notice of Redemption”). In the event of receipt of the Notice of Redemption by the holder of the Series A Preferred Shares, the holder shall have five business days from date of receipt to convert into shares of common stock in accordance with Section 5 above irrespective of Section 5(a). The Designation further provides that each holder of outstanding shares of Series A Preferred Stock shall be entitled to cast the number of votes equal to the number of Series A Preferred Stock multiplied by 100.
And a silly joke (unless maybe you own shares of this turkey):
On April 4, 2014, the Board of Directors authorized the further issuance of an aggregate 10,000,000 shares of Series A Preferred Stock at a per share price of $0.001 to Mr. Irving. The Board of Directors authorized the issuance of the aggregate 20,000,000 shares of Series A Preferred Stock to Mr. Irving based upon recognition of the outstanding services, leadership and innovative business operational strategies provided by Mr. Irving and his continuous dedication and loyalty to the Company, in light of non-payment for the past two fiscal years of any cash remuneration by the Company to Mr. Irving for this continued executive services.
Because, you know, the guy who generates a $3.3 million operating loss over six years really deserves a sweetheart deal for his efforts. In other news, APPZ has finally filed its 10-K for 2013. Highlights include $991,122 in consulting fees to generate $32,568 in revenue, as well as a $21 million derivative liability related to APPZ’s shady convertible notes outstanding."
All just their opinion, not necessarily mine,ss
Dude, Wayne won't care about pps UNTIL his shares are unrestricted, imo. Then he can double his $$ with a few fluff pieces sending price soaring to .0005 from .0001 at that time, while the rest of the shareholders languish with .0008 shares or have to average down to benefit.
On the other hand, Wayne hasn't exactly been smart with all this, so maybe he'll lose his shirt with the rest of you. More likely, he will just acquire more in the near future at .0001 or lower.
All just my opinion, ss
Wayne got 'em at .00025. We get them at .0008. We know where this is going, imo. Geez!
I thought the o/s was 156M. lol.ss
368,000 to be exact. Tracked down the quote...
See last sentence of Trick Or Tracker description...
http://www.marketwatch.com/story/5-apps-for-spying-on-your-spouse-2014-03-10
Of course 368,000 users is impossible! That's what's so funny! And that's the real point here. It's like, OMG, really? That would be $2 million in revenues! Integrity seems in very short supply around here.
All just my opinion. Do your own DD. ss
investor876: Are all APPZ products complete bogus?
Before getting too excited about fanpic, read this...
https://thenakedshort.wordpress.com/2014/03/13/monster-arts-appz-fake-products/
Just their opinion, ss
Surprise! APPZ auditor’s been sanctioned...
This from TNS:
https://thenakedshort.wordpress.com/2014/03/16/monster-arts-appz-auditor-registration-revoked/
All just their opinion,ss
Like you've said, SEC halts trading quickly and decisively. In APPZ's case, it won't be promoters that get the smack down, imo, but the company itself, and one Mr. Wayne Irving, specifically, if our DD is accurate and based on alleged complaints/info sent to SEC about the company and it's practices. All just my very non-professional and humble opinion. ss
Wild guesses about CURRENT o/s, anyone? 1B-5B somewhere?
Not o/s per otcmarkets site or last filing, but CURRENT. TA has a gag order from Wayne, so we can't even find out from them. Wonder why...
All only imo as always, ss
Ain't gonna be perdy over next few days, imo.
and/or people finally doing their DD on this thing, imo.
Almost 16M on ask at .0009, just the beginning, imo.ss
Of Wayne's rollouts, name one producing significant revenues!
Imo, all his "projects," if you will, are designed to absorb dilution. Share sales is the driver here, per the filings. READ THE FILINGS! Besides, of the numerous, and I mean NUMEROUS, projects he's rolled out over the past couple years, NONE have produced much of anything in terms of revenues. Put on your thinking caps, ladies and gents. All just my non-professional and very humble opinion as always. Do you our own DUE DILGENCE! ss
No worries here, bro, I don't short stocks.
I've acquired an interest in this company because in all my years of trading, I've never seen anything quite like it, in terms of the overt bs, imo, and chaos. Many shareholders have apparently suffered through the immense dilution and alleged brazen lies and misrepresentations, watching their investments turn to dust almost overnight, totally unable to do anything about it. It's astounding, and sad, really.
Please do your DD, people, and prosper. All just my non-professional and very humble opinion, as always.ss
A Big Dump just beginning, imo. MM's trying to provide the illusion of support, thus the 500k bid at .0009, trying to suck in another buyer at .0007 or .0008 before the big drop begins, imo.ss