Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Paul Watson out stalking college co-eds at SXSW...good business plan! Pathetic....
"...By handling its own distribution business..." - HUH?? Does packing up a few cases in the back of his van count as a distribution business?
"Watching the ticker today, not the company" - that seems a bit naive...wouldn't you have to factor in all of the toxic convertible debt issued at bargain basement prices ($0.04) to come to your conclusion about the stock being "way oversold"??
Wouldn't you also have to factor in today's press release stating that they have bought into a new JV would require additional convertibles to be issued??
did you also know about the train wreck from the most recent financials?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97391601
Did you also happen to notice that the absurd claims that they have a 4 million barrels of oil/60 BCF prospect (announce 2/24/14) that has now magically been reduced to 3.2 million barrels/41.1 BCF? in today's news release (only one month later)? This amount for a single well is still astronomically higher than any other well ever produced in this area - making even this reduced claim is a flat out lie...it ain't gonna happen.
This is not the first time the company has lied - last year, they claimed their Alabama prospect was going to produce 400-800,000 barrels daily - an absurd claim that was an obvious typo, just like this one of claiming to produce 441 TCF (yes - TRILLION!) daily!!: http://www.worldoil.com/FTTN_arranges_an_independent_reserve_report_for_Alabama_well.html
Even taking into account that the company claims the well will produce 400-800,000 total over the life of the well, the production figures and decline rates, simply do not support this ongoing claim by the company.
This company is so inept and clearly has no idea what an oil & gas company does.
....and who is this new, secret partner they signed with, for unspecified amount of acreage, with unknown drilling potential, and secret costs associated with same??? Who puts out crap like this in press releases??
correction to #5 - should read Robert Hines (not Wilson).
time for a reverse split.....
Seven (7) Days until the 10K annual report is due. If anyone has more to add to the list, please advise so we can track.
Items to watch for:
1. $500k recently announced financing should show up as a "subsequent event", along with the terms of the financing to see how this compares to previous convertible debt issued. From the press release it has been promised to be on more favorable terms. For comparison purposes as a point of reference, the previous convertibles were done at a 40-50% discount to market pricing and had an interest rate ranging from 8% to 14%.
2. The remaining convertible debt from the last filing was about +/-$1 million. From the most recent press release the company has stated it intends to "reduce and eliminate" all of this debt using a portion of the $500k financing.
3. As promised in the press release this debt reduction will potentially eliminating "millions" of shares being converted. From my analysis, the $1 million could potentially convert to about 5 million shares. Since the financing takes place after Dec 31 (end of the fiscal year), we will likely not see this eliminated due to this subsequent event, but we will get a more clear picture as to how much of the $1 million has already been converted since the last 10Q in September. From there, we can further substantiate if there are "millions" (of shares) left to be eliminated or if they have already been converted.
4. From the remainder (after debt reduction/elimination), we can then get a more clear picture as to how much of the $500k they can use for eliminating these obligations, and how much will remain for advertising and inventory build up, as promised in the press release.
5. Directors - I am hoping to see that they have booted Robert Wilson - Director, former CEO of SEC suspended EVSO - having him on the board is a liability for the company: https://www.sec.gov/news/press/2011/2011-120.htm
6. Sales - we should have a solid quarter of sales to gauge how well they did. According to Trent in the latest press release, their "...rapidly expanding media coverage and online popularity of the Prettie Girls! brand" indicates that online sales have been flying off the shelves - the financials should reflect this optimism. I am not so convinced about the "rapidly expanding media coverage" - I must not have my google news alerts properly set up as I have seen just one press release since January.....We will also get a gauge for their margin/doll to forecast what it would take to eat into the $6.9 million in accumulated losses
7. Share buy back - the company financials should indicate any share buy backs completed as of Dec. 31.
8. Preferred shares - there is quite a bit of confusion here - I suspect the company will clear up this matter to show that the preferred shares were treated equally to the common share reverse split (1:750).
9. G&A - I am hoping that the World Class Management has defferred a portion of their World Class Salaries to get this company started on the right foot - any successful small business knows that the 1st couple of years are a struggle, and it would go a long way towards investor confidence to show that they have skin in the game.
10. Management Ownership - it would also go a long way for investor confidence to show that management has acquired more shares during this lull in share price, to show other investors their confidence in the prospects of the company.
11. Twitter announcement about more new "doll history" coming this week - will see if it is added to the 10K as a subsequent event. Not sure if we can stand any more "MAJOR" news....
$381 off of 2 trades on the first full day after the "MAJOR" news.
Coincidentally, OWOO captured 2 more followers on their twitter account - also coincidentally, the total IRP paid endorsements were disclosed to be $381......
I guess Marc can't even borrow the line from Casablanca for you ...."...we'll always have Paris...."...perhaps his new cell mate will one day wax eloquently about always having Cleveland together ....
Janice - thought you might like an update on Uselton's partner, Marc Tow, in case you missed this: http://www.cleveland.com/court-justice/index.ssf/2013/10/house-flipper_sentenced_to_fiv.html
Remind me in 5 years to see what he gets into next.....
ouch....$0.0501...my calculator broke - how many zeros is that pre-split?
FINRA probably holding things up again like when the R/S was delayed and the erroneous revoking happened......or maybe the symbol changed to OWOOE and no one noticed....or perhaps the World Class Management went on a World Class Spring Break binge with the $500k and forgot to put their share buyback orders in....
nothin' but crickets here....chirp....chirp...
"....I am sure the OWOO execs have a long term outlook like I do and aren't sweating some bad days on the market all that much..." - show us some love and whack the ask to show us your confidence!
Worse yet (for the company and prospects for interest in shares)...the IRP's have left the building....
Eight (8) Days until the 10K annual report is due.
Items to watch for:
1. $500k recently announced financing should show up as a "subsequent event", along with the terms of the financing to see how this compares to previous convertible debt issued. From the press release it has been promised to be on more favorable terms. For comparison purposes as a point of reference, the previous convertibles were done at a 40-50% discount to market pricing and had an interest rate ranging from 8% to 14%.
2. The remaining convertible debt from the last filing was about +/-$1 million. From the most recent press release the company has stated it intends to "reduce and eliminate" all of this debt using a portion of the $500k financing.
3. As promised in the press release this debt reduction will potentially eliminating "millions" of shares being converted. From my analysis, the $1 million could potentially convert to about 5 million shares. Since the financing takes place after Dec 31 (end of the fiscal year), we will likely not see this eliminated due to this subsequent event, but we will get a more clear picture as to how much of the $1 million has already been converted since the last 10Q in September. From there, we can further substantiate if there are "millions" (of shares) left to be eliminated or if they have already been converted.
4. From the remainder (after debt reduction/elimination), we can then get a more clear picture as to how much of the $500k they can use for eliminating these obligations, and how much will remain for advertising and inventory build up, as promised in the press release.
5. Directors - I am hoping to see that they have booted Robert Wilson - Director, former CEO of SEC suspended EVSO - having him on the board is a liability for the company: https://www.sec.gov/news/press/2011/2011-120.htm
6. Sales - we should have a solid quarter of sales to gauge how well they did. According to Trent in the latest press release, their "...rapidly expanding media coverage and online popularity of the Prettie Girls! brand" indicates that online sales have been flying off the shelves - the financials should reflect this optimism. I am not so convinced about the "rapidly expanding media coverage" - I must not have my google news alerts properly set up as I have seen just one press release since January.....We will also get a gauge for their margin/doll to forecast what it would take to eat into the $6.9 million in accumulated losses
7. Share buy back - the company financials should indicate any share buy backs completed as of Dec. 31.
8. Preferred shares - there is quite a bit of confusion here - I suspect the company will clear up this matter to show that the preferred shares were treated equally to the common share reverse split (1:750).
9. G&A - I am hoping that the World Class Management has defferred a portion of their World Class Salaries to get this company started on the right foot - any successful small business knows that the 1st couple of years are a struggle, and it would go a long way towards investor confidence to show that they have skin in the game.
10. Management Ownership - it would also go a long way for investor confidence to show that management has acquired more shares during this lull in share price, to show other investors their confidence in the prospects of the company.
"....As far as the no volume for the day, anyone would be foolish to think one press release is going to drive the market crazy but the news is a MAJOR step in the right direction...."
Agreed...but wouldn't this "MAJOR" news event attract at least a single trade transaction - something more than the single trade ($50) from yesterday??
BTW - I did notice that all the increased chatter being touted by the paid IRP's on twitter increased OWOO's Followers on their twitter account from 88 to 90 over the last two days - a net increase of 2.....https://twitter.com/oneworlddolls
No - that was not me being negative.
If you read my post again... s l o w l y .... you will see I actually congratulated you (more specifically the Company).
So what we know from the official press release is that the funds will be used for "marketing", "pre-order of inventory", and for the "systematic reduction and elimination of existing convertible note financing".
In order to accomplish all of those goals, let's break down the pieces we know - the current existing convertible note (as of Sept 2013) included $427k of convertible notes and another $646.9k added as a subsequent event after Sept 2013. A total of $1,073.9k. Since the press release explicitly states that it intends to reduce and eliminate ALL of the existing convertible note financing, and since there is only $500k of new funding to eliminate this debt, we must assume that a large chunk of the previous convertible notes have already been converted since the release of the last 10Q. That is why it is so important to get the 10K information so that we can fully analyze this "good" news on new funding. How much of the new funding will be needed to reduce/eliminate the existing notes, and how much will be left for running the business (advertising and inventory) - and most importantly to shareholders, how many O/S are there really??
LuvSumPennies - funding not a bad thing if used to grow the business - seriously, Congrats! My only concern is the potential massive dilution - not good for shareholders.
the tweet states that the money will be used for "massive market expansion", but the press release conflicts with that stating it will be used to "pay down convertible notes". Both objectives are needed (marketing and reducing the impact of toxic convertible debt). Since this announcement is made before the release of the 10K, it should show up in the "subsequent events" section in 11 days so we can analyze this further. I cannot see how the company can have its cake and eat it too.
good news - massive $500,000 funding announced for advertising
bad news - $500,000 funding terms not disclosed (massive dilution coming).
Now we have to wait for Christmas 2014?? What happened to Christmas 2013?
Since terms were not disclosed, let's look at past history - the company appears to have received convertible shares at roughly 45% discount to market value (not including interest expense up to 14% as has been the case recently). Doing the math at current share price of about $0.20, this equates to a potential dilution of another 5.5 million shares (on top of the previously estimated 5 million outstanding for convertible debt). This would increase the O/S ten fold from current levels.
I recognize this is just speculation, but probably not too far off the mark.
That was pretty darn funny - thanks for sharing!
The 10K should be out on April 1 (barring any request for a 15 day extension). All the "game changer" chatter currently is background noise as we have not received a news release since early January from Management. Looking forward to a genuine discussion of fresh facts in 12 days
Regarding the "less than 24 hour" - now late - twitter announcement - for full and timely disclosure rules, these types of things are better left for a more formal release. Am willing to give them the benefit of the doubt that is what they are waiting on. Still, with all the paid IRP spamming and "twitter chatter" they claim, only 250 shares (one trade) in anticipation of this game changer news is not too encouraging.
Good news regarding online sale (yes sale, not sales ) - I noticed ebay got one doll set sold (ok - technically two dolls): http://www.ebay.com/itm/Prettie-Girls-Lena-and-Valencia-Doll-Set-/331145998010?pt=LH_DefaultDomain_0&hash=item4d19d6eeba#ht_1655wt_1362
However...no takers on their pricey Cynthia Bailey dolls: http://www.ebay.com/itm/CYNTHIA-BAILEY-Signature-Series-Limited-Edition-Prettie-Girls-Doll-nrfb-/331145992847?pt=LH_DefaultDomain_0&hash=item4d19d6da8f#ht_2214wt_1272
Thanks for pointing out the lie stated on their twitter account...."less than 24 hours" has passed, with nothing but crickets....chirp...chirp....250 shares.... chirp.... chirp....oh wait....is it "Power Hour" yet?...
Yup - thanks for the paid $25 awareness / Technical Analysis that this is a "game changing" turd....any more exciting news about Jilly, your new BFF?
Yes...in fact DEAD calm...250 shares (less than $50 not including commissions) traded before the exciting promised news that was supposed to have happened in "less than" 24 hours (that has yet to happened.... https://twitter.com/oneworlddolls )...probably an oversight due to the 3 hour time differential between NYC and the West Coast along with the recent change to Daylight Savings Time....give it a couple more hours I suppose....
Making claims that we are going "GREEN" simply aren't materializing and the bid sits at $0.0501. Have fun explaining that as a vote of confidence for the stock!
"there are next to no sellers at these levels" - nor buyers.
The O/S, as pointed out in my previous post, shows that it is imminently going to increase by 5 fold: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99126981
Question for you: How do you think that the Convertible Debt holders will liquidate about 5 million estimated shares with a stock that on most days trades ZERO shares??
Regurgitating the company bios, touting links to old news releases, presenting meaningless charting for a stock that has no liquidity, will not change the facts about the nearly $7 million in accumulated deficit, nor will it change the hole management has dug for themselves.
That is complete nonsense....there were 1827 shares traded yesterday - there is no liquidity to short this even if they wanted to. Just curious, is that what $75 gets us for analysis?
Also, with the stock price on the "decline", how can you characterize this as an "incline"??
LuvSumPennies - from the most recent 10Q, the accumulated losses since inception is $6,902,565, not the $1.5 million you are quoting.
From my analysis, the convertible debt is as follows:
Pre-Sept 2013: $646.9k issued at $0.02 - $0.04 (pre-split as well as some issued at a variable market rate). Assuming for the moment the average conversion rate is $0.03, that equates to roughly 21.5 million shares pre-split, or about 29,000 shares post split.
Subsequent convertible debt issued after Sept. 2013 noted in the 10Q (includes pay off of one $32.5k Asher note**, but does not include any debt issued after the 10Q was released): $427k issued at 40%-50% market discount with interest rates ranging from 8% to 14% prior to conversions. Assuming they were to convert today (~$0.20/share and an average conversion rate of 45% discount, but excluding the interst expense), this would translate into roughly 4.99 million shares.
Taking into account the pre and post sept 2013 convertible notes, I am estimating there is a potential liability of about 5 million+ post split shares that could dilute the market. According to this link, there are currently over 1.2 million shares outstanding: http://www.otcmarkets.com/stock/OWOO/company-info (in other words, there is the potential for the outstanding shares to increase 5 fold). This does not include any shares issued for salaries/consultants which is stated by the company to be about $417k annually, nor does it factor in any shares that might have been issued to fund the 5 person contingency to NYC nor other subsequent marketing (ref.: spammers hitting this board) efforts.
Regarding the founder being sued over 7 years ago, you left out the most recent tax suit that is still active and his penchance for avoiding facing the charges (8 times). Let's not also forget that you selectively left out the fact that the fraud charges resulted in a substantial penalty to his company he ran, not just the nominal penalty against Trent personally that you claim was no big deal.
Some may not care that he has been sued 6 times for a variety of charges including Theft, Forgery, Tax evasion, and Breach of Contract since it is so far in the past as you put it, but it kinda goes towards his integrity when you look at it in balance regarding his current role as founder of the company.
**Interesting to note that the $32.5k note that was paid off and hailed as helping investors - they did not mention a new note replaced that one with Asher for $37.5k at a 44% discount to market rates and carried a hefty 14% interest expense rate.
The annual report is due April 1 (April fool's Day - unless they file a 15 day extension) - should be an interesting read......12 days and counting down....
Actually....the sheriff has attempted to serve him eight (8) times, not three (3). Reference Harris County Civil Case # 201129542-7.
The last attempt the server was met at the door by Trent's wife at around 3:50pm stating that Trent was "sick and had just taken some medication and is now asleep". She indicated for the server to show up the next morning before 10:00am and she would ensure that he was there to receive the papers. The server returned the next morning at 9:45am to an empty house.....guess those meds must have really done their job!
Just for reference, here are the Harris and Fort Bend County cases he has/is dealing with:
201129542- 7
Active - Civil ALIEF INDEPENDENT SCHOOL DISTRICT vs. DANIEL, SARAH M (INDIVIDUALLY & DBA IMAGINE INTERN
5/17/2011 133 Civil TAX SUIT
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
LOL - 3154 shares (about $630) short for one day... not exactly anything to get excited about.
the "buzz step up"??? - Huh??? Zero volume traded today and ZERO press releases for two months....nice...will that cover the $40 compensation?
Penn88 - why do you think this will bring "nice return for investors"? Clearly, this one man operation with no products or revenue is nothing but a share selling scam.
Speaking of re-reading things...here is Trent's spin on the RS:
Mr. Daniel: Yeah. Well, the strategy of the reverse split is, in order to attract the kind of financing that is non-diluted, you have to get your stock price out of the dilution zone, okay? And that's bottom line. And like that example I used earlier, with the $10,000, you have to get your stock price to a point where, first of all, there's value behind that. Because a lot of companies do a reverse split, and it's just kind of a wash, rinse, and repeat cycle, where, you know, they do the reverse and then they keep doing the same diluting of the financing in order to, you know, get money for whatever purposes; building a business, or to pay employees, or pay executives, whatever. So, that's not the right approach. What you do, is that you do the reverse and then you bring value. The value that we're going to be bringing behind, the new stock price will be, first of all, overseas distribution; new distribution deals, sales numbers, okay? New media coverage, new promotional efforts; so, things that create momentum. Because a reverse split that's done and there's no momentum to move the new stock price forward, you're just wasting your time, okay? The other thing is, is that when it comes to dealing with the types of investors and investment firms that we need to get, the reverse split is necessary because 1.5 billion shares authorized, 800 million shares outstanding, that's just not the most attractive picture to the type of investors that can invest capital that tends not to be heavily dilutive, okay? But the only way to do that is you have to reverse those shares out, but also what the company will be doing is lowering the authorized shares from 1.5 billion down to 50 million, okay? And so, that changes the landscape completely, and it gives a much better presentation, it paints a much better picture and it gives a share structure that will make investors feel very comfortable with the fact that there's not a lot of dilution going to be happening, and there's not a lot of shares out there in the marketplace. I believe the number of outstanding shares will be just over 1 million shares in the marketplace. And that's exactly where you want to be, with a very, very tight flowed, and not a lot of outstanding shares. So, the reverse split is just a decision that was made, based on the dynamics of what the company is going to need to do to finance its operations, finance its production, finance the marketing, finance the management team; all of these things going in the near future. So, we're very comfortable with the decision, and we just want our shareholders to just understand that every decision that is being made is being made in the best interest of the company, and at this time the reverse split is exactly the thing we need to do, and it's the perfect part of the solution for the share price issue"
So...the "momentum" and "promotional" run he was talking about is coming ....when?? I need to take a shower after reading this Huckster's words.....
In addition to the "non-dilutive" type of financing Trent wants, just curious how they intend to fund this initiative without being non-dilutive?:
Dec. 4, 2013: "Joanne Melton, CEO of One World Holdings. "As revenues continue to increase we will remain focused on our plan to build shareholder value through the elimination of convertible debt and the implementation of a share repurchase plan in the effort to restore the Company's stock price back to more attractive levels," she added."
Source: http://globenewswire.com/news-release/2013/12/04/594593/10060391/en/The-One-World-Doll-Project-Announces-Payoff-of-Convertible-Notes-as-Part-of-Debt-Reduction-Plan.html?parent=599116
Also curious if the 45 shares traded today were funded from some young "Prettie Girl" piggy bank and if it was enough to cover commission costs?
10Q out...makes me want to drink some (gluten free) alcohol....
Sales = $7.9k (about 50 cases)
Gross revenue = $2.8k
Inventory remaining = $70k
Potential profit on remaining inventory = about $25k
G&A = $256k (ten times the potential profit)
Accum. Deficit = $1.068 MM
West Coast Spirits JV = Company will provide funding of up to $125,000 in monthly payments of $12,500 (or about 5 times the potential profit on remaining inventory)
During the six months ended January 31, 2014, the Company signed $0.01 convertible promissory notes of $717,904 in total [translated = 72 million shares!] with Vista View Ventures Inc. that refinanced non-interest bearing advances. These notes are payable at maturity and bear interest at 10% per annum.
Note - the inventory is based on "cost" - therefore, based on current sales clip this quarter ($4841 cost of goods sold), we are looking at about 4 years to work off the remaining inventory to capture $25k in gross revenue....
Based on Plumb's involvement with SEC suspended CYGX, just curious how they complied with this statement from the last Annual Report:
"The entry of an order by a self-regulatory organization that permanently or temporarily barred suspended or otherwise limited such person’s involvement in any type of business or securities activities." - response: none
Ref.: Page 6 - http://www.otcmarkets.com/financialReportViewer?symbol=BMRK&id=110502
This is not Plumb's first rodeo...he was CFO of CYGX at the time it was suspended by the SEC: http://www.sec.gov/litigation/suspensions/2011/34-64612-o.pdf
If you notice in that link, there are several other suspended companies that Plumb is also indirectly associated with by way of his close ties with Kathleen Delaney and others: GSLO, EHSI, and EVSO
Thanks. That was actually my point. Plumb is involved with a number of scams.
Wow! That was really pretty with all the graphics! Can you do another one with a one year chart showing post split adjusted share price?