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"...Mr. Federowicz seems to be doing everything right..." - How do you consider he is doing everything right with the stock dropping 2/3rds of its value from when you first joined the board about 3 months ago? Is it his ability to "win awards" and sponsor race cars in spite of only having $1328 in profits for the quarter?
Please see my previous post to see sales growth...er...decline....
"Voices does this sound any better?" - no. Despite "winning" numerous awards for "best in class", the sales figures continue to decline.
Current Quarter Gross Revenue = $3801 (or about 10 cases of vodka per month) - resulting in a profit of a meager $1328 before taking into account the staggering costs to run this one man show - $231k in G&A for just 3 months.
The sales continue to decline from the previous quarter's paltry sales of $7592, while the remaining inventory continues to appear to be siphoned off for "freebies" (i.e. promotion) - the inventory shrank from $70k to $45k during the latest quarter while the cost of goods for what they sold was only $2473. In other words, for every 1 bottle they sell at Specs and other retail outlets, the company is apparently giving away another 10 bottles of inventory for free.
Even if they are successful in marketing the remaining $44,607 in inventory, the gross profit would only be about $16k (based on current quarterly results - 35% margin). That barely makes a dent in the quarterly G&A burn, nor would it even begin to eat into the $1.4 million accumulated deficit. And of course, presuming one were to sell out of inventory, then you would need to go purchase more inventory to replenish.
Are all Domark investors idiots? - I dunno....maybe if they had listened to you, would they have been any smarter?:
This will be a $50m company by Xmas [2013] and $200m in 2014: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88934565
The current price of 7 cnts is a gift (Sept 2013), down from 14, it could be 10times that in six months.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91614834
ducduc1 - just checking in for a sanity check....
Recap - from the January 30 press release:
The InfraSol lightweight smartphone charger cases for Samsung Galaxy SIII, S4 and Apple iPhones have been ordered from our manufacturer and we are awaiting delivery. This product was slightly delayed due to our global consumer electronics distributor requiring a redesign to the product packaging. This has now been completed to their requirements and negotiations for signing a global distribution agreement for a minimum order of 2.4M units per annum are now on track with our preferred wholesale worldwide distributor.
I am therefore delighted to report that SmartLink was launched to excellent reviews at the CES Expo last month in Las Vegas. Product design and packaging is now being slightly modified with the product being targeted for general release at the end of March 2014.
Imagic Printer. The aim is to bring this product to market in the 2nd Quarter of 2014.
Monetizer 101. It also gives the Company its own additional sales platform through which to sell our products.
Finances: The burn rate is presently minimal and we are well positioned to deal with any future obligations.
The Company's long term strategy is to move the listing from the OTC.QB to the NASDAQ and the necessary steps are being taken to enable this happen in due course.
From the April 14 press release:
The Company is also pleased to announce that all operational payables are paid up to date with cash on hand and access to funds to successfully run all operations and bring DoMarks suite of products to market. [Remember these products?: http://www.domarkintl.com/products/ ]
The InfraSol lightweight smartphone charger cases for Samsung Galaxy III, S4 and Apple iPhones has been delayed due to quality control issues at our manufacturing facility. Our project inventor/ Chief Engineer is working to resolve these issues. We hope to be in the market shortly.
DoMark's filings are fully up to date and the Company has chosen to become fully reporting.
From the May 27 press release:
We are extremely pleased with the accomplishments made to date and believe DoMark is now on solid footing and well positioned to deliver consistent profitable growth.
Summary:
From the latest discussions with management reported here by others, they now state that the InfraSol charger will not be brought to market anytime soon without access to funds. The claim that the Monetizer 101 can bring their suite of products to market does not appear possible since they do not have any products that are ready for market. The promises of moving from OTC:QB to Nasdaq in "due course" appear to be on the back burner since they have moved backwards to the Pink Sheets. Have I missed any other developments?
I underlined "we" on purpose - but yes, it is directed at you.
LUV - seriously, give it a rest. Can we get back to talking about the stock and set the egos aside?
Not me - I can only be bought for a "premium" (aka the Cynthia Bailey of iHub posters) - put me down for a $50k price tag to stop posting....
so...not interested in 230 million shares flooding the market?
Just providing information, you can take it or leave it.
"...it seems like the adding of shares had stopped..."
Not sure how you are coming to that conclusion. Here are the list of just matured convertible debt notes:
Black Mountain Equities, Inc. (5/13/14): $45,500 convertible at 50% of the lowest closing price during the 10 trading days prior to the notice of conversion - estimated dilution added was 45.5 million shares.
LG Capital (6/4/14): $50,000 convertible at 25% of the lowest trading price during the 20 trading days prior - estimated dilution added was 140 million shares.
Asher Enterprises, Inc. (6/10/14): $32,500 convertible at 55% of the average of the two lowest closing prices during the 15 trading days prior to the notice of conversion - estimated dilution added was/is 45.5 million shares.
There is an additional $279,700 coming up for dilution between August and the end of the year, and an additional $110,000 in February - all of which have similar favorable terms with steeply discounted conversion strike prices.....the gift that keeps giving....
My apologies to the board - posted this to the wrong board - should have been NTRR - hard for me to keep track of all the Delaney puppet CEO's....
Here is the press release on the promised movie and 12 series cartoon to be "released in 2014": http://www.marketwatch.com/story/the-one-world-doll-project-begins-production-of-prettie-girls-cartoon-series-and-feature-film-2013-09-26
Also...even at the lowest shoestring budget approach, just curious how they intend to pay for this movie and do the marketing distribution?: http://hollywood-movies.yoexpert.com/movies/what-is-the-average-movie-budget-for-a-hollywood-m-1403.html
What else would you expect out of Sydney Jim? Look at his resume, the guy is a country club wanna-be semi-pro tennis star whose work history includes working at a penny arcade/racetrack, a short (few months) stint as an "advisory board" member at Rockspring before stepping into the role as chief minion for Kathleen Delaney at RBCC - the guy clearly has no business running a public company: http://www.linkedin.com/pub/sydney-jim/46/968/95a
Legitimate publicly traded companies do not make significant announcements via a cryptic Linkedin "hey call me I got great secret inside news" - if anyone does happen to talk to Henley, counsel him on filing the appropriate 8K and other necessary SEC filings.
Interesting theory about "shorters" - but you may want to consider this:
Brokers require investors to put up collateral to guarantee against potential losses in the form of margin requirements. Often times, brokers will require OTC investors to have $2.50 of margin per share to short a stock under $2.50, which can make shorting penny stocks very costly, especially when you get a margin call.
For example, if an investor shorted 10,000 shares of OWOO stock at say $0.05, you have to have $25,000 (10,000 shares x $2.50) in your account. All along, the maximum profit for this position would only be $500 if the stock went all the way to (near) zero before covering. For this reason, along with finding a broker willing to lend you sufficient shares to short, the prospects of shorting a stock at this price level are extremely unlikely.
Shorting penny stocks will normally not occur until the price is $1.00+.
The other scenario would be brokers creating a short through a failure to deliver - these are required to be shown here if it were the case with OWOO: http://www.otcmarkets.com/market-activity/reg-sho-otc
No spin needed, the market is speaking....
just curious: "....In anticipation of the 2014 holiday season, One World has already placed a significantly lager production order to bring inventory levels of The Prettie Girls! up 75,000 units..." ....does "lager" production include drinking copious amounts of beer?
I was not able to find this filing officially filed yet, but assuming there are no further changes to it when officially filed, it would appear the company is performing a 1:250 R/S merger to change the name of the company to Arkose Energy, along with a request for a new trading symbol.
With the filing, they are initiating a change of control by issuing Series E Preferred shares (preferred shares will increase from about 1.8 million to a proposed 20 million).
The good - a fresh start for the company appears to be in the making.
The not so good - the company appears to have much of the same management (sans soon to be sentenced/felon Bruce Scambler), and we have no financial info on what their debt will look like, what assets (if any) they have, etc.... Once we receive some 10Q/10K's, the picture will become more clear.
It is unclear how the assets shuffled around with the previous mudded mess with Bedford (BFDE) and First Titan (FTTN) will play out.
Robert Tonner endorsement - as others have pointed out, prior to today, I would venture that no one here who invests in OWOO know who he is, so getting an endorsement about a possible, maybe, sometime in the future collaboration is a bit of a non-starter for me. Not bad, but...."meh"....who cares, right? In comparison, it is like saying "we may do a stock buyback" - no one really cares until it actually happens.
On a positive note, any PR is good PR when trying to get the word out about your company - however, my opinion (as evidence from today's stock price action) - not much value.
We disagree on that one - those who do not learn from history are destined to repeat it. I think current performance is the most relevant, but am ok with factoring in the 10K positive margins - what will really matters over time is what will the trend be. If we see next 10Q that they are still negative margin, I think one should be concerned.
As you always tell me, news in the past does not matter - we are one quarter past the 10K where they actually made a margin - we are now negative in the latest 10Q.
"...They [OWOO]....are making money..." - huh??? Did I misread the part in the latest 10Q where the gross margin was negative?....or are you referring to gifted shares?
LOL - Varna, Bulgaria....seriously how tough can that competition actually be? Sounds like a sound bite from Will Ferrell doing his schtick on Bushism's - Federowicz rolling out the good Strategery .....
There is hope.....Blue Bear/Arkose appear to be nothing more than an idea at the moment.
Would like to see the details in a filing that is newer than 5 years ago.....will reserve comment until then. Best of to you on your bet!
"Wow this looks really good for a explosive run" - gee, can you clarify? With the stock hitting yet another 52 week all time low with yet another hair cut, how do you arrive at that conclusion?
"....Shorts will cover soon..." - is this just wishful thinking or do you care to back up your theory with actual information on anyone shorting at this level?? Can you enlighten us on how one can economically justify the margin requirements to short at these levels? Or are you suggesting there are naked shorts with a ton of failure to delivers out there? If so, can you show us where DOMK is on this list?: http://www.otcmarkets.com/market-activity/reg-sho-otc
More "old" news that we should discard since it is in the past (last 10Q):
* 16.2 million newly minted shares
* Declining sales
* Negative sales margin
* Dramatically increasing Interest expenses
* Default on $30k note
* Increased debt discount and derivative liability
* Increase in convertible debt notes
Yeah - pay no attention to Felony jail time, Breach of Contract, Tax Evasion, Forgery, Credit Card debt... none of this has to do with running a business and entrusting the investing public when you are gifted millions of shares...
201129542- 7
Active - Civil ALIEF INDEPENDENT SCHOOL DISTRICT vs. DANIEL, SARAH M (INDIVIDUALLY & DBA IMAGINE INTERN
5/17/2011 133 Civil TAX SUIT - Active
200770109- 7
Disposed (Final) DUNSON-HARRISON, NATALYNN vs. ENGENYX SOFTWARE CORPORATION
11/14/2007 280 Civil BREACH OF CONTRACT
200037267- 7
Disposed (Final) COMPUTER MEDIA AND SERVICES CORPORATION vs. DANIEL, TRENT T (DBA CREDIT FIRST FINANC
7/26/2000 080 Civil SWORN ACCOUNT
072984101010- 3
Complete(C) The State of Texas vs. DANIEL, TRENT T. (SPN: 01334728) (DOB: 09/26/1972)
8/10/1996 184 Defendant: Disposed(D)
Disposition: Disposed(DISP) FORGERY (F)
955124401010- 2
Dismissed(D) The State of Texas vs.
DANIEL, TRENT T. (SPN: 01334728) (DOB: 09/26/1972)
12/1/1995 11 Defendant: Disposed(D)
Disposition: Dismissed(DISM) THEFT-$20-200-CHECK (M)
067117701010- 3
Complete(C) The State of Texas vs. DANIEL, TRENT THOMPSON (SPN: 01334728) (DOB: 09/26/1972)
8/5/1993 184 Defendant: Disposed(D)
Disposition: Disposed(DISP) CRED CARD-PRESENT-OTHER (F)
01-DCR-034138
The State of Texas vs Trent Thompson Daniel
01/16/2001
268th District Court Adult Felony - Filed by Indictment
Disposed FORGERY/SJF
Cool - that makes sense (pre-reverse split). So the new math is as follows:
Dec. 31 - about 29k shares (post split adjusted)
Mar 31 - 5.4 million shares (21.8 million minus the 16.2 million subsequently issued = 5.4 million)
May 15 - 21.8 million shares
or puting it in terms of pre R/S adjustment:
Dec 31 = 22.2 million
Mar 31 = 4.05 billion
May 15 = 16.35 billion
I agree that those number of shares would have shown up on the chart, so help me out with the math - in Dec there was about 22 million shares having been reported for beneficial owners, then in the latest 10Q, for the same group it says another 16 million were issued to them, but the Form 3's only show a total of 21.8 million. Somewhere there is about 16 million shares unaccounted for - just trying to sort out who has them or if there is a missing filing.
Who exactly would one call? The outgoing CEO is facing jail time for the mess he has created here at CTXE: http://newsok.com/oklahoma-ceo-faces-lifetime-securities-ban-fine-in-case/article/3941891
http://www.oscn.net/applications/oscn/GetCaseInformation.asp?submitted=true&viewtype=caseGeneral&casemasterID=2967265&db=Oklahoma
How exactly will this pay off? The company has no assets, no cash, no SEC filings - this is as dark grey as it gets....
Need someone to check my math, but I think I have this correct:
From the most recent Form 3's filed showing beneficial ownership:
Dennis = 1.2 million
Robert = 1.2 million
Wilma = 1.5 million
Stacey = 4.1 million
Trent = 4.1 million
Corinda = 9.7 million
Total = 21.8 million (not including other outside consultants, convertible debt holders such as Asher, if any) - this is as of May 15, 2014
From the 10K, as of 12/31/13, the same beneficial owners (except for Dennis) held 22.2 million shares. This would indicate that the beneficial owners shares are relatively unchanged.
However, from the most recent 10Q issued on May 15, a subsequent event notes that they issued "16,200,000 shares to our founder, officers and directors" .
Question - does this mean that the Form 3's do not adequately show their beneficial ownership (i.e. 21.8 million plus the the 16.2 million not shown) or has these beneficial owners effectively sold off +/-16.2 million shares?
In the filing, did you notice the not so subtle gifting of 30 million more shares to Eastern Rim Funds Inc. (a company owned by Robert Federowicz/Kathleen Delaney)?
Follow the sequence of events:
1. From the 10K on March 27 Eastern Rim Funds Inc. owned 22 million shares.
2. On May 19, the new CEO from Central Casting/Rent-a-CEO was announced.
3. On May 21, the quarterly report showed 68.4 million shares outstanding.
4. This Pre-14C filing on June 3 shows that as of May 27 (six days after the new puppet CEO is hired), that Eastern Rim Funds Inc. was gifted an additional 30 million shares to bring their ownership up to 52 million (pre-split), increasing the total outstanding to 98.4 million.
5. Simultaneously reverse split by 1/300 to hide this transaction as "only" 100,000 shares.
Glaring question for the new deer-in-the-headlights CEO - what exactly did Eastern Rim Funds Inc. do to earn these 30 million gifted shares?!?
Those numbers sound a lot more rational than past projections of others...of course, we all know how predictions go.... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99988118
well...someone has to pay for the serial spammers for all the PR in May....
G6 Stocks LLC of which Wall Street Surfers is a subsidiary of, has been compensated $10,000 dollars for a one week advertising campaign on OWOO by 3rd party media buyer BAS1 LLC
Crux Media Group, LLC has been compensated $500 for one day of email and SMM (social media marketing) for OWOO by bas1, LLC., a non-controlling third party 05/22/2014
Undervaluedreport.com got $4,000 for One World Holdings (OWOO)
How many doll sales will that take at a $4/doll margin? Or worse, how many convertible shares at a discount to the current price will that take to pay that bill?
$2298/$14.99 HEB sales price = 153 dolls/5 stores = 30 dolls per store - or 1 doll every 3 days for the quarter...yeah...one would hope they sold at least that many.
Not to badger you with symantics again, but you stated "....OWOO has been getting more and more retail sales...." - while it is true if you are inferring that they are apparently lining up more and more retail sales OUTLETS, the actual SALES have gone the other direction - 4th quarter actual sales were $20,549 while 1st quarter sales were down close to 89% at $2293. Slower sales is not necessarily a bad thing, considering the 1st quarter margin was negative after cost of goods....
What possible incentive would the Company have for issuing a block of shares to drive the stock price down??
Your other theory of selling shares acquired in the open market to drive the price down for a lower conversion - why would they care? At the end of the day, all that matters is what is the differential in price between the conversion price and the sales price they eventually sell it at.
The more likely scenario is they get dirt cheap converted shares and artificially pump the price (thru spam advertising, small purchases, etc), then sell into new bag holders with the pump.
That would be a logical move if the price of the stock were higher and the margin requirements were exponentially lower - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100574333
I was talking about Pina, not Danny. Federowicz owns the offshore Panamanian company who is the largest shareholder of OBJE - follow the money trail - it is all in the 10K.
thanks - was that in a filing, press release, or from your recon with management?
You forgot "SEC Recividist" in OWOO Director, Robert Hines.....