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Those 1633 (plus me) are just stalkers.....
http://investorshub.advfn.com/boards/profilea.aspx?user=5708
"At the very least this needs to close at .0021 or above or this might have some more to drop. The good news is that this should bounce again whether at this support or a new one." - a reasonable expectation would be a bounce at the 52 week low ($0.0017).
Agreed. Dilution is necessary (and expected) for any start up company.
The Company has made statements about how it is financially in a much better position than before with strides it has made to clean up the balance sheet. From my view, I don't quite see it that way with simply delaying more convertibles that are coming on the horizon - a catch 22 if no revenues are immediately available to offset that burn rate (and in turn stop doing more convertibles to start/grow the business), I see continued near term decline to feed the dilution train.
Longer term, if in fact the company can come thru on a substantial revenue stream, the convertible debt can be replaced/stopped with ongoing cash coming in the door.
From the licensing deal they have (see below), it would appear they are targeting a minimum net revenue stream of $500k in the first year (otherwise the other party can cancel the deal). 50% of those revenues goes to its partner as part of the deal. Having $250k come in the door could go a long way to stopping the bleeding or at a minimum pay for the remaining $275k licensing fee***, and assuming the Company can get a real handle on the excessive (in my opinion) G&A.
The agreement provides for the Company to pay the Licensor “Flat Fee” compensation of $ 300,000 in 3 installments of $100,000 each (first installment payable within 5 days of the signing of the agreement, second installment payable on July 1, 2014, and third installment payable on February 1, 2015) plus “Revenue Share” compensation equal to 50% of Net Commissions generated by the Company payable monthly. In the event that the Company does not generate $500,000 in Net Commissions by January 31, 2015, the Licensor has the right to cancel the agreement with one month notice (in which case the third $100,000 installment will no longer be due).
***On March 27, 2014, the Company paid $25,000 of the first $100,000 “Flat Fee” installment due the Licensor under the agreement. The other $75,000 due is presently past due.
Dilution Schedule:
Black Mountain Equities, Inc. due 5/13/14 - $45,000 convertible at 50% of the lowest closing price during the 10 trading days prior to the notice of conversion. For arguments sake, lets say the conversion price is 50% of $0.003 - this would equate to 30 million shares.
In June there are two more coming due for $50,000 and $32,500 convertible at a conversion price equal to 25% of the lowest trading price during the 20 trading days and 55% of the average of the two lowest closing prices during the 15 trading days prior. Again, assuming $0.003 average price, the conversion would be on the order of magnitude of about 86.4 million shares.
For the remainder of 2014, there is an additional $279,700 of convertible debt coming due on a variety of steeply discounted conversion rates resulting in hundreds of millions of shares potential to dilute.
2015 continues with another $110,000 becoming due....the train keeps coming.
The press release may have painted a picture of the bleeding having been stopped, but the financials say otherwise with respect to convertible debt:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100533247
http://pandawhale.com/post/31771/beating-a-dead-horse-gif
His email was hijacked. Serious.
Likely related - the address for Nedra Rachelle Hall named in the Harris County Indictment (Cause #117520001010) for Aggravated Felony Perjury indicates her house is literally a stones throw away from Trent's mansion that is under threat of delinquent tax foreclosure. Nedra appears to have successfully finished her probation for this felony in 2010.
Nedra is facing her own foreclosure tax suit in Fort Bend County (Case No. 12-DCV-200623) that is currently pending....no word on whether the peace officers are having trouble serving her...
There were no lawsuits regarding the Volt Solar Cases. Michael Franklin originally provided the cases to a company called GoSolarUSA (GSLO), which was subsequently suspended by the SEC for alleged microcap fraud: http://www.sec.gov/news/press/2011/2011-120.htm
GSLO was run by serial fraudsters, Maurice Stone, Kathleen Delaney, and the late JT Cloud - who had a number of other stinky pinkies that were suspended by the SEC (GAEC, EVSO, EHSI, ONYX, and a number of others). Also included in that list of miscreants was Andrew Farmer who provided financing to them on a number of their ventures. Andrew has also a financier to DOMK and has run into his own troubles with the SEC: http://www.sec.gov/litigation/litreleases/2013/lr22680.htm
After GSLO shut down, he started peddling his Volt chargers to DOMK under the brand name SolaCase. As reported by many posters here on ihub who purchased the new units, they still had the "Volt" brand on the case. Michael was also involved with Evolution Solar (EVSO) as Director of Asian Operations as well as directing Synergy Design and Development: http://michaelfranklin.com/works.html
EVSO was also suspended by the SEC (see link above for SEC suspension of GSLO) - EVSO was yet another sham operation by the same miscreants mentioned above.
Synergy Design and Development was another sham operation that was used by yet another now defunct company called AESO purported to have a mega deal with a Florida Solar project: http://www.marketwired.com/press-release/Strategic-Discussions-Underway-to-Build-a-Solar-Power-Plant-on-Floridas-West-Coast-PINKSHEETS-AESO-926005.htm - turns out AESO was run by Andrew Farmer's buddy, Timothy Brock. Andrew Farmer is also a former business partner with Darrel Uselton: http://www.sec.gov/litigation/litreleases/2009/lr20961.htm
So...what does this have to do with the "new" management at DOMK? Perhaps nothing....but it is my opinion that Franklin and Farmer are still in the mix with the IRCharger line DOMK continues to try to push.
Maybe he is referring to the 158,000 IRCharger orders announced by Andy Richie last June?:
http://blog.qualitystocks.net/domark-international-inc-domk/domark-international-inc-domk-reports-strong-demand-for-new-ircharger-cover/
“Our global distribution partners have been receiving great interest for the product from retailers and we are expecting to be able to announce many more orders shortly,” Domark CEO Andy Ritchie said. - any word on those additional orders or are they still waiting to resolve "quality control issues at our manufacturing facility" (or is it the "redesign to the product packaging")?
"....creating a real asset value that is substantially higher than officially posted...." - LOL - don't believe our financials, the asset is worth more than what we are saying....
Regarding the Monetizer 101 - from the latest financials, it states that they purchased the distribution rights from Wazzamba SA for $300k, payable over three $100k installments. The Company stated it made an initial payment of $25k, and that the remaining $75k is past due. The next $100k installment is due on July 1. With zero funds in the bank (actually it is negative with a $58 bank overdraft), it is presumed that the company will need to issue more convertible debt to pay the remaining $75k past due to ensure it does not stay in breach of contract. Does anyone know the status of making these required payments so that we can bank on the revenue whenever this thing is launched (promised to have been delivered in March)?
How is that a news release?....read this excerpt closely: "...announces its initial due diligence is favorable and it will soon be ready to move forward with final negotiations on its option agreement for leases..."
Translation:
"We started to look at something and we might be ready soon to talk about negotiating, for a possibility of getting an option that we might consider executing one day, with a working/net revenue interest terms that are not disclosed for a price that we cannot tell you about" - GEESH! Can they be any more vague than that?
Regarding the Pettit formation and Cherokee County - these are traditionally very small, shallow wells which produce a nominal amount of oil and associated gas. Ponta appears to be a part time oil and gas company that has 3-4 wells total.
Sorry to inform you but the company is now on the Pink Sheets - http://www.otcmarkets.com/stock/DOMK/profile
Is that substantiated enough for you?
The information you and others provided are for ongoing requirements after the company meets the minimum ($0.01 bid) requirements.
bon appetit: http://forthefirstime.files.wordpress.com/2009/06/eating-crow.jpg
Why would you doubt it - the CEO of DOMK explicitly stated just two weeks ago that "the Company has chosen to become fully reporting ":
http://www.marketwatch.com/story/domark-international-inc-forges-forward-with-tremendous-strength-2014-04-14
The fact of the matter is that the company did not deliver on this promise.
Have you even looked at the margins in the financials?
ILBBS - your statement is incorrect. DOMK headed to the Pinkies.
Please read more here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100645005
If they had met the minimum bid price in April, then they would have been subjected to ongoing requirements which were to be phased in. All of that is moot at this point.
LOL - nice paint of the tape with that $18 trade......
"....Trent needs to send the IRPs again so at least somebody will try to sound supportive of OWOO managment..." - guess Trent was listening to you....
rah rah...we have heard that before from others (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99988118 ) - please substantiate your belief about "multiple pennies" with some facts/projections on valuation such as responding to these facts: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100533247
That particular DD notes that Tonaquint helps out financing with smaller companies - here is some additional DD on them:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100921277
Just to put things in perspective....
Assuming the company paid in shares instead of cash, the $7000 promo campaign just identified in my previous post - at the current stock price of $0.0502 would amount to shelling out 243,174 (non-discounted) shares as an in-kind payment (about 5 times the daily shares traded).
Putting it another way....OWOO's entire gross profit for 4th quarter was about $4000 on the sale of an estimated 1000 dolls. Let's hope the recent HEB promo sold out at least 1750 dolls at the same gross profit margin to break even on the newsletter promos.....
Here is the current promos:
Undervaluereport.com got $4,000 to promote OWOO
Thepennycommand.com got $3,000 to promote OWOO
Time to call Jonathan for some repairs.... http://www.skillpages.com/pump-repair/-senegal/jonathan.owoo
Or join the social network!: https://www.facebook.com/owoo.pumping
LSP - just an fyi, I had the opportunity to visit a couple (3) HEB's this weekend and could not find the dolls anywhere. It would appear that the Company has been targeting just a few select stores and they are not being distributed in all stores (or at least the 3 I went into).
Thanks - that makes sense. So if I understood what happened over the last year on the authorized share count (with the understanding this is not the same as issued and outstanding):
Authorized Common Shares:
3/13/13 = 200 million
7/31/13 = 700 million
12/31/13 (pre-split) = 1.5 billion
Current (post split) = 50 million (37.5 billion pre-split)
Authorized Preferred Shares:
6/30/13 = 10 million
Current = 10 million (7.5 billion pre-split)
Or as Carl Sagan would have said...billions and billions....
Authorized (common) shares currently stands at 50 million as reflected in the latest 10K. Here is where it gets confusing:
The 10K states that the authorized shares reflect the 1:750 R/S effectively changing the authorized shares from 1.5 billion to 50 million. However, doing the straight math: 1.5 billion divided by 750 = 2 million. Somewhere in the mix, the authorized shares got increased another 48 million (50 million minus 2 million) during the conversion. Does this make sense to anyone?
Furthermore, when you pull up the previous 10Q filing, it states that the authorized shares were 700 million (pre-split). Somewhere between that 10Q (7/31/13) and the latest 10K (12/31/13), the authorized shares increased to 1.5 billion - yet there is no accounting entry in either financial filing showing the increase.
Going back further in time in 2013, another 10Q shows the authorized shares at 200 million as of 3/31/13. Again no mention of how they got to 700 million 6 months later.
Can anyone help explain the convoluted math on the outstanding shares?
Regarding the preferred shares, the 10Q for 6/30/13 shows "Preferred stock: $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding" and another entry showing 200,000 preferred shares being unissued and on the books as a $200 deficit (200,000 x $0.001). It is unclear why the entire 10 million preferred shares x $0.001 was not shown on the books. Fast forward to the most recent 10K and we see that the preferred shares were not split: "Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding" - the good news - no shares have been issued, but the bad news - they were not split.
A record of an extension is not evident yet: http://www.otcmarkets.com/stock/DOMK/filings
ducduc1 - this does not exactly to towards changing that investor perception - your thoughts?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100921277
Update on Paid IRP disclosures for OWOO:
StockMaster Talk - Compensated a total of $50 for one day of social awareness of OWOO by a third party, ending on 3/20/14
Mick Dodge - OWOO $400 from Hyper Speed Stocks for exposure program
Hammer1 – None stated
Affix Trader - Third-party for OWOO 04/05/2014 - 04/17/2014 - $200
NYC Trader – None stated
budfoxhub – None stated
HiddenGem69 – None stated
DOMK’s new beneficial owner filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9928810
Tonaquint, Inc. is a Utah corporation.
Utah Resources International, Inc. is a Utah corporation.
Inter-Mountain Capital I Corp. is a Utah corporation.
JFV Holdings, Inc. is an Illinois corporation.
John M. Fife is a United States citizen.
GEESH! Not exactly raving reviews of this guy….:
http://www.sec.gov/litigation/litreleases/2007/lr20250.htm
http://www.sec.gov/litigation/complaints/2007/comp19972.pdf
http://www.sec.gov/litigation/litreleases/2007/lr19972.htm
http://www.getfilings.com/sec-filings/130903/Cord-Blood-America-Inc_8-K/cbai_ex991.htm
http://biz.yahoo.com/e/131001/cbai8-k.html
http://caselaw.findlaw.com/ut-court-of-appeals/1167780.html
http://www.hotstocked.com/article/48182/first-liberty-power-corp-pink-flpc-pauses-for.html
http://romanoroberts.com.mx/the-tldr-guide-to-musclepharm/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80971164
Thanks for sharing that...twice....are those "big eyes" with the SEC or are you referring to this new doll prototype: http://img.wikinut.com/img/2h3jxz7ywogwi4r6/jpeg/0/Nicki-Minaj-Big-Eyes.jpeg ?
"We just girls to be able to embrace their culture and embrace their pretty," McBride said - LOL...is that ebonics or is Trent writing press releases again....?
I thought the Gulfgate Mall closed a few years ago....
EMBRACE THEIR PRETTY!
WE JUST GIRLS TO BE ABLE!
$12,000 for that piece of fluff??
ducduc1 - glad to hear things went well with the phone call - best of luck to you. The Company has a history, so just keep your eyes open and you should be fine.
Break out the HEB Buddy Bucks.....Power Hour is here!
How come you got $200 and the other IRP's are only getting $30? Is it because you come up with cuter sayings to post?
jackson73 - the economics for shorting haven't changed in the last couple days have they? Clearly shorting is not a rational option here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100574333
DOMK still not on the failure to deliver list, so there goes your theory....: http://www.otcmarkets.com/market-activity/reg-sho-otc
$1.00?? Based on what?! Why? Is there another reverse split coming?
More DD on OWOO:
Right back at ya Hammer: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100603109
Don't forget about this one too: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100570373
OWOO DD:
You forgot to add Director Robert Hines, former CEO of EVSO which was suspended for microcap fraud by the SEC: https://www.sec.gov/news/press/2011/2011-120.htm
You also forgot to mention Trent Daniel's Felony rap sheet....
You might also find this interesting tidbit about Carolyn P. Austin, one of the founding sharehoders: http://www.sec.gov/litigation/litreleases/2012/lr22501.htm
Will the new start include fresh financials? Most curious about how the company intends to pay for this acquisition of Arkose. How come Arkose has no information on it? Is it just another paper company with no assets?
Perhaps you missed the latest 10K issue this week which updated that number significantly: As of April 14, 2014, the registrant had 21,856,719 shares of common stock outstanding - an increase of 1890% percent since the previous filing 3 months earlier.