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This company--with the exception of 2012--has a history of net loss (net revenues). It does not matter what the top line revenues are because they simply cannot get their GSA in line. This is a very high margin business but GP gets eaten away at the GSA level, it always has. A company trading at 0,006 range and it cannot even clear $250K in revenues per quarter?
How do you know FONU didn't acquire all film assets of Moon River? The full terms of the acquisition have not been made available as of yet. And given Moon River is trading on the greysheet, does it not make sense for the assets to come into FONU? Who is the majority holders of that company anyways, not commons right?
$FONU
Amateur session almost done here, GMT on $FONU. Going on a conference call tomorrow at 2pm US EST. I should have lots of updates here for $FONU shareholders!
Load and hold!
$FONU
Know Shap and Medient well. And no this is not a stolen brand. Medient has significant film assets that can be brought here. It's not Shap that got Medient shitcanned by the SEC, it was Kumaran. The new LLC was probably created to spin out Medient's assets into it and deposit into a more viable issuer and it's come into $FONU without liens on them so as much as I feel for Medient shareholders, it bodes well for $FONU. It's a business decision on the part of Shapiro and majority shareholders of Medient and a good one.
I care about what revenue generating assets come into $FONU and welcome the assets coming in from Medient. Not here to hate the players, a waste of time.
Very, very rare. I think $FONU will be releasing news every week here going forward.
Yes you did on Nanotech and that was a great one, we all banked nicely. Agree that this IR firm does not accept any POS client. $FONU is seriously undervalued, especially with today's news.
Did you all know that the Preferred stocks of $FONU, series A & B, have par value of 1c?
So, I did some DD on $PLKD over the weekend and it appears Rico might have this one right finally and A/S reduction, apple juice rollout and big news coming on December 24th could all be real based on my discussions with some people in the beverage business.
As for the statement that the company is nearly done with all convertible debt, that also seems believable. Look at L2 now. MM LAMP, I believe, is the last of the debt holder here.
I am a buyer here sometime this week when idiots on offer are ready to hit my bid.
$PLKD -- could be a nice Christmas surprise.
Ciao for now.
There are two main Twitter accounts for FONU--one which belongs to FONU corporate and the other one to IR. The two ran concurrently since 2010 but I agree that there should only be one Twitter account for $FONU which should be taken over by the new IR folks.
Lots of news coming to $FONU, IMHO.
Here are my thoughts, Silveristhenewgold...
We know that Medient's assets are now unencumbered as all debt associated with its film assets have been converted. Shapiro basically owns that company and is at liberty to do as he pleases. It makes perfect sense for him to bring over to $FONU all assets that belong to Medient given that that issuer is now trading on the greysheets, thanks to Manu's big mouth going off on Twitter, eh?
It is an unfortunate loss for shareholders there but with the addition of the legendary Ms. Penny Marshall, $FONU stands an excellent chance of bringing in 10's of millions in revenues. Now that an acquisition has been completed, the $50MM in financing promised earlier in the year should also come to fruition.
With the acquisition of Studioplex, this effectively makes $FONU a holding company.
This development is very interesting to me to say the least. Lots of popcorn needed here.
Lots of updates coming for sure.
Best,
BB
MAJOR FINANCING NEWS NEXT! $FONU
Let the flippers get out.
This is the same IR group that's been covering $NTEK and some other stocks trading above 1c and even 10c. Having a professional IR team is key to proper dissemination of information about $FONU to the proper media channels. These guys know how to do it.
Now that we have the 8-K released and just a few more to go on BMAK, we can expect to see news we've been waiting for. Any day now, IMHO.
$FONU
Your valuation is completely off because you used gross revenues. $DCLT had NET REVENUES of $(220,169). Yes, it's a loss of $220,169 so the correct fundamental valuation is zero -$0-- because the issuer had 0 EPS. 0 x any number is still a 0.
I'd pull up the designation for their Preferred A stock and see what the conversion terms mean as they seem a bit vague. What is the fully diluted O/S?
Other than this, $DCLT's books are fairly clean but revenues declining and weak to justify the current trading price.
Magna bought it. It's in the filings. The important thing is this is the end of dilution on $FONU.
Today's 8-K filing confirms that $FONU is now toxic debt free, and we are merely seeing the last of the sellers who converted on December 4th. Let them finish here and news will come. This is not the time to be selling your 0006s.
$FONU.
Ya PB, and BMAK is completely out of L2 now after that mark-out. Let's see what VFIN has--I think this one is retail trying to load 4/5s. Have a good one guys, will see you all tomorrow.
$FONU.
Looks like BMAK was whacking from the top before it completely left the box. BMAK is gone now, no longer in L2. $FONU
All retail on offer -- even VFIN ;)
$FONU
Many blocks went through last week, been watching $FONU all last week. L2 looks clean now. I think $FONU is prepping for news.
Yep, dummies screaming while stacking 7s and they wonder why the stock isn't moving.
Still watching, might go on bid soon.
$PLKD
PB, could BMAK be DONE for good? $FONU! All dilutors now above 3c.
:) :) :)
Welcome back everyone!
Sterling, admittedly...
I only trade OTC stocks because 99% of them are not worthy of a hold hence I don't even bother posting what I'm trading unless I saw something interesting that could yield a nice return if held longer than not. We agree that most have enormous toxic debt. I have always been of the opinion that it is a complete waste of time to even do a fundamental valuation analysis on an OTC pig because we cannot put a number on an issuer that has 0 EPS and over $1 million in toxic debt, simply because the O/S becomes a moving target due to toxic lenders engaging in illegal arbitrage to get 100's of millions of shares or issuers taking on more toxic debt every week or month which just blows for retail. It is a vicious cycle we see in this space.
I will be honest though that $FONU was initially intended to be nothing more than a trade for me and had I not been down 1 tick on this one, I would not have bothered to take a look at its filings or the D/D that a fellow $FONU board member had put up. I'm glad I did and also discussed this with you and others because we almost let go of a rare gem in this OTC space -- a soon to be debt free, fully reporting issuer trading at 0,0005! From what I'm continuing to learn, $FONU's apps are potentially a game changer and the more I research this, the more I like it!
If all would take the time to really review $FONU's filings and the DD contributions, they'd see that $FONU is the one to watch!
$FONU is a GEM.
I still like $SAMP. The Company, however, needs to get with a real IR firm that knows how to disseminate news via various, better known media channels . The financials, as presented, are clean and the company appears to be near debt free which bodes well. The S/S is great but without seeing the Pho House's numbers, it is hard to judge whether their revenue guidance of $200K per month is correct or not--will give them the benefit of doubt for now. I was looking through some old filings to see if $SAMP's predecessors were a 33 or 34 registrant to see how easy/difficult it might be for USA Restaurant Funding to uplist or become fully reporting--haven't found enough info yet.
Watching $SAMP -- thinking that the current pps is looking cheap based on what we know.
I'd like to hear back from Hoang directly though. Will update if he ever responds.
Nothing wrong with the merger. The #s and the debt you see in the 10Q are pre-merger (period ended 09/30/2014) and Ortiz would have to take those with him because SoOum or any other new operators coming into a shell usually won't take on debt of that level. Whatever Ortiz said his prior gigs had--asset/debt wise--must be spun out and they are his bags. SoOum has not filed their 2 year audited financials as of yet and they do have some time to do that because this one owes a super 8-K post merger.
So, y'all are looking for a 8-K/A filing here to see what SoOum actually has in their books. The stock sold off because their PR hinted that nothing was happening PR wise for 70 some odd days which is sorta dumb and a good way to kill momentum.
I will be back around January to take a @@ at $SWRF again.
GL
I hear you and you know I'm a big skeptic when it comes to questionable CEOs but crazy things do happen in pennyland and an exception should not be made here, IMHO. PLKD only needs to get one thing right--a major deal with a major retailer or a national organization--and this game could be on like the beverage stock we know well. Who knows? Maybe all toxic debt is really done with, look at how the stock got pounded on with O/S bloated like a damn pig. Could they do a share buyback? I don't see why not at 0,0001 or 0,0002 since their par value would support such. If Rico really has a good gig going and disclosed the plan, a third party can buy back everything and flip it back to $PLKD, too. Hundreds of ways to skin a cat (or a pig, LOL).
Wanted to reply before splitting for the weekend. Like to keep things real but am always interested.
Will be watching. Have a good weekend!
Always a pleasure,
BB
Actually, even McDonalds allows regional changes to their corporate menu to cater to regional demand/customer base, yes. But for the most, franchises have different standards for what their franchise owners are allowed/not allowed to do. A good point you made--about sell through rate--applies not only with 7-11 but product placement at most major retailers. Distributors, therefore, will place about 100 units per test stores to see what kind of sell through rate their products can achieve. The point of my post reply was that regional product placement with 7-11 Stores is totally possible and does not require permission from corporate.
LOLsss! My last post for the evening and it will be on 7-11 Stores. 7-11 unlike Walgreens or Walmart is a franchise where franchise owners have the liberty of purchasing certain product lines independent of 7-11's central buying group's permission although most products falling into product categories A and B are purchased at the corporate buying group level for volume/cost optimization. A vendor who wants to do volume business with 7-11 worldwide must go through the vendor application/verification process whereas regional/local vendors like $PLKD would not need to go through the same. If $PLKD has success at the regional level, they'd most likely hire a national distributor to place the drinkies in every retailer across the country.
Not rocket surgery, folks.
bfavre40, admittedly I'm not a fan of Rico but will acknowledge that he made some progress after kissing Asher's butthole and diluting the crap of $PKLD. I looked at this one earlier in the year around ticker/name change but was not convinced that entry at the time was going to end well for traders so I backed off. It appears though, perhaps, he is finally making some organic improvements by getting shelf space in 7-11 stores. It's a start. Some other beverage players got shelf space in 7-11 stores and gas stations and thing turned out ok there so I'm going to bring some popcorn and watch this show here.
Let me explain how it really works and I will give you some real life examples. Let's say $PLKD was in the process of doing a joint venture or a merger agreement that requires a change in majority ownership of the corporation and/or authorized capital structure and they actually entered a definitive agreement to do such--this requires a 8-K item 1,01 filing. Now, let's say that part of the agreement calls for changes in the capital structure of $PLKD which is something that would normally be subject to shareholder vote, SEC and FINRA approval in some cases and an amendment to the articles of incorporation filed at the State level. So an issuer--in this case $PLKD--can announce via a PR that it will be making changes to the capital structure of the corporation to effectuate the JV/agreement but 8-K items 3.03 and 5.03, if subject to approval from others, can be reported when legal formalities have been met and approval given by authorities or shareholders. It is perfectly fine that $PLKD released a PR that they were changing the A/S and perfectly fine for them to follow up with items 3,03/5,03 when they get confirmation from the State.
Issuers are not required to file an 8-K every time they say they're doing something. Please. Sorry that I don't agree with your "textbook" interpretation of 8-K Rules. Since you are "licensed" with 30 years of experience, I'm sure you also know that "filing" by all issuers is voluntary and the SEC does not set any real penalties for truly delinquent filings, right?
When the event is deemed completed. 8-K 5.03 is not due until the State receives the amendment, updates its records accordingly and the issuer receives confirmation of such. No one is arguing the point that an amendment to the articles of incorporation is an item requiring a 8-K filing. The point of the argument is that it is perfectly acceptable for an issuer to file it upon receipt of confirmation from the State. It is not a rule violation to handle reporting in this manner. This is the finer point of the Regulations and its proper interpretation and application.
Your licenses are irrelevant in this case.
What SEC filing is required for those two items?
I was reading this board today and the bashing is really pathetic. IF $PLKD sent the amendment via 2 day courier and the State has yet to receive and process the filing, the amendment is not deemed filed as of yet hence NO 8-K is required to be filed today or even on Monday. When the State receives the amendment and records it with same stamp returned to $PKLD or does an electronic upload, then the issuer has within 4 days to file the 8-K hence statement that the 8-K will be filed next week is a fair and believable one.
Share Buyback Program -- One has to be written first and this is not one that has to be filed either until a definite plan has been incorporated by the company. When a plan has been written, the issuer may choose to file an 8-K other event if the plan is deemed material.
Watching $PLKD
M0NEYMADE, you missed this DD on $FONU: Please take a second look, I bet you'd change your mind ;) Also, I pinged ya twice on the "Train" and it ran 150% again...#justsayin.
===================================================================
$FONU TO BE TOXIC DEBT FREE >> READ
I did a full review of $FONU's SEC filings and can tell you that this issuer as of now is potentially 100% toxic debt free and their annual report due by the end of December 2014 will confirm it. $FONU's fiscal end is 9/30. Reviewing the last 10Q, period ended 06/30/2014, $FONU reported that it had the following convertible notes remaining as of the reporting period:
11/13/2013 note - $102,280 due to JMJ. Note that $FONU was required to file a S-8 to reserve what is owed to JMJ as of the period and accordingly, a S-8 was filed to reserve 20MM shares which reflects the same balance. As long as this note has a balance remaining, FONU is required to file an additional S-8 with the SEC to allocate shares due, however a subsequent S-8 filing has not been filed which leads me to believe this note has been settled in full.
11/6/2013 note - $73,500 due to Asher. From June 30 to date, you see enormous volumes traded putting downward pressure on the share price. This is typical of an Asher conversion. This note is also done.
10/21/2014 13G filed by Magna - This part of the reassigned note for $50,000 for which Magna received 14,957,471 shares so far. MM BMAK you see on L2 is a very well known MM for Magna. This is the last of the conversion we're seeing.
MM BKRT is not necessarily a noteholder converting. The company has professionals it had retained that are paid in shares so when they have shares to convert and sell, it's very short lived.
Since the June 30th 10Q filing, $FONU has not taken on any additional debt. This makes sense because the investment banker willing to finance them up to $50MM would require that $FONU get rid of toxic debt first to flip their balance sheet in the right direction. Allowing the conversions during their 4th quarter without taking on any more toxic financing accomplishes that. This is clearly noted and filed in their reports to the SEC.
$FONU will be toxic debt free and an announcement to this effect should come shortly. This is huge with acquisition news right around the corner.
http://www.sec.gov/cgi-bin/browse-edgar?company=Fonu2&owner=exclude&action=getcompany
To review yourself, search for 8-K filings 1.01 during 2014 and 10Q. Very clean financials with a lot of potential here.
It is in da filings! You are a smart cookie, my friend. Always verify my DD and see if it is not correct.
Good luck and see you when we celebrate!!!
$FONU --- > get some
OTC pigs should all be traded because they are toxic debt ridden POS without solid fundamentals or any type of business plan. Stocks trading where $FONU traded even 3 months ago are cursed with millions $$ of toxic debt and they do not bode well for trader types or value retail investor types. What is exciting about $FONU is the fact that they took no additional financing during this quarter which is their 4th and allowed all conversions to go through. This makes $FONU toxic debt free. Can you point me to a fully reporting OTC issuer trading at 0005 that is either debt free or near debt free for me to verify? Don't look because there are none. Toxic debt free issuers with some revenues and S/S in the 500MM O/S range trade well above 003 and some even at 1c based on business plan.
This makes $FONU very attractive at this price and I will be absorbing shares that peeps keep throwing down.
See BMAK marking out trades all through this week? That one is about to split soon and OTC will witness one of the best rallies its seen in a long time.
Stick around because I am.
I like $FONU -- it is a STRONG BUY.
Hey gator11, $FONU is hands down the tripz to own going into the rest of December and January 2015. Traders sold this one off for no good reason. This is the end of dilution on this stock. They will be back and chase this when the company announces that they are debt free and potentially announce their acquisition and partnership with Facebook. This stock got taken down really hard due to some toxic debt converting (small ones too!) from known toxic lenders but things will change here and change soon.
The facts are in the SEC filings. Found a gem.
Sorry, no PM. My addy "Sooah BB"
I generally do not waste time reading filings on OTC "pigs" because it is same crap different ticker loaded with toxic debt to the tune of millions of $$ and a share structure that is about to reach 2B or more in short time. I was pleasantly surprised that $FONU generated almost the same amount of revenues as another pig trading at 007, similar S/S and about the same amount of debt. Why would I pay 007 for that dumb stock when I can buy this one here? People are going to be surprised when the upcoming annual report will confirm what I've been posting about $FONU becoming or soon to become totally toxic debt free. Toxic debt free in OTCland is even better than "some revenues" with an unacceptable and unbalanced GSA structure.
I will take a look at the video later, thanks.
$FONU
Agree. $FONU has not taken any new notes since the June 30th 10Q, there is nothing further to dilute on this stock after this small tranche represented by BMAK (Magna). After this tranche is converted/sold, it will clear $FONU of all toxic debt in its books.
Price action is also being affected by impatient 1-2 tick traders flipping for a 1 tick gain and hitting bids for a one tick loss. This is when it is helpful to really read this issuer's last quarterly report and understand its debt structure. The company has almost NO debt after this round of conversion and this is a fact. There are many tickers trading at 005+ with similar S/S, debt and revenue structure as $FONU--their business plans are far inferior than this issuer's. I think $FONU's business plan to integrate Facebook's Phone has tremendous potential and on that potential alone and all things considered--in terms of how traders value a stock to trade--it is foolish not to grab $FONU at these basement prices, IMHO.
I will buy FONU at these price levels any day vs any pumped, overpriced pig that is only posed to tank hard.
$FONU's Annual Report will surprise.
$TINO -- she is almost ready. $0,032 with some volume should send her again! High watch.
BMAK should finish here this week. Don't think it has more than 15MM left behind the 10K.