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News Alert - ASCC prominently not shown on the very event they are touting to be a sponsor of: http://microapp.houstonpress.com/artopia/2014/sponsors.php
If you are banking on the solar chargers, they look exactly the same as the last failed batch which were left over "VOLT" chargers from SEC suspended GSLO. Would not hold my breath on these cheaply made products....
"DOMK is expecting to increase in profits this year".... - guess that won't be hard to do considering they had ZERO SALES and ZERO PROFITS in the latest 10Q....
"CES Start's TODAY. Will start DoMark Demo. on the 7th."..... nothing but crickets.....
Sorry to hear about the R/S - the fact that management would associate themselves with Carolyn Austin and Robert Hines was a red flag from the beginning: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83799200
Yes .... not Andrew R., but read on for Andy Farmer's history with DOMK: http://promotionstocksecrets.com/solar-america-corporation-solx-research-report/
Actually...it does...the reference is to Andrew Farmer....long time financier of DOMK: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68775102
...and here is why it doesn't stand a chance:
Despite proclamations by ASCC of phenominal sales in October, the lastest 10Q released over the holidays is a bit disappointing:
Initial Sales for the month of Octber = $3444, less cost of goods, resulted in a gross profit of $1153 after their advertising campaign spending $87k.
Based on Spec's advertised price, the "largest retailer in Texas", this calculates to about 24 cases of Vodka for the entire month - not exactly flying off the shelves.
ASCC announced they had a 2nd restock of inventory - yet they still have $75k of inventory or about 789 cases.
Meanwhile the company has a number of convertible loans made to Robert Federowicz's offshore company.
Andy is still dealing with the SEC: http://www.sec.gov/litigation/litreleases/2013/lr22680.htm
"This is going to go back to 0.18 "... ooops....guess not....
10K out:
16.4 million shares O/S as of Dec. 2, 2013
The company has numerous $0.01 and $0.05 Convertible notes outstanding.
The company had a net loss of $860k.
G&A expense for this one employee (Paul Watson) company was $453k. Paul is also part time CEO of GTSO.
Interest expense was $407k
As of August 31, 2013 the company had $75,190 of cash on hand and zero revenues. This amount of cash will be adequate to fund their operations for less than three months.
OBJE got yet another new accountant to run their books.
Oxford Panama Holding Corp. is the beneficial ownership entity of OBJE - an offshore account controlled by Robert Federowicz.
OBJE symbol change to OBJEE due to delinquent filer status: http://www.otcbb.com/asp/dailylist_detail.asp?d=12/17/2013&mkt_ctg=OTCBB
The only "splash" DOMK will be making is when it is flushed to the grey market. This sub-penny, wanna-be company has a clear history of failed product launches (Musclefoot, VOLT charger, etc) - why would the IR charger be any different? The company claimed 6 months ago that it had a "158,000 pre order", yet the financials show zip, nada, nothing...wouldn't one expect to see this under sales?
FTTN = Flush This Turd Now
Meanwhile....no 8K filed to denote the change, nor any financials since 2009...this POS is dead on arrival....
"Wasn't there recently another VODKA scam stock?" - ASCC is another one - a one man (Robert Federowicz) operation planning world wide distribution of "gluten free" vodka (LOL - ALL vodka and other distilled products by definition are gluten free due to the fact gluten cannot be distilled!). ASCC started as a "women's health product" company, and then suddenly realized that if they can't make them healthy, why not go in the opposite direction and make them drunk....geez!
FYI - Federowicz is a former Gym Owner, Biomedicine consultant (ref.: SEC suspended EHSI), turned euro-trash jeans designer (OBJE), turned international oil & gas executive (FTTN), and robotics expert (QUAN) who is associated with a number of pink scams including these other SEC suspended gems (ONYX, GAEC, GSLO, and SSLR).
OBJ Enterprises plans to capitalize on this year’s huge jump in app downloads with its own two hot gaming titles, Phantasmic and Bluff Wars 2.0. Both have been earning the company revenues since their launches earlier this year on the Apple App Store and Google Play platforms
Neither Bluff Wars or Phantasmic cannot even be found on the Apple Store:
http://www.apple.com/search/?q=phantasmic§ion=ipoditunes&geo=us
http://www.apple.com/search/?q=bluff%20wars§ion=global&geo=us
Phantasmic installs from Google Play = 10-50: https://play.google.com/store/apps/details?id=com.PhantasmicBeta.NovalonGames
Bluff Wars 2.0 installs from Google Play = 100-500: https://play.google.com/store/apps/details?id=com.fangtoothstudios.bluffwarspaid
So best case, we are looking at 550 downloads at $0.99 ($544.50 in gross reveneues before developmental costs, G&A, Interest expense, etc....) - not exactly "hot" titles, are they??
QS - without ANY gas production from its 1% ownership of a non-producing well in Alabama, how exactly will FTTN benefit from this short term bump in commodity prices??
Huh - Canada?? Whatever happened to FTTN doing shale gas drilling in Poland????
Robert J. Wilson
QS - I think you spoke too soon on the "strong" output - the Alabama well's production was ZERO for August: http://www.gsa.state.al.us/ogb/prod_report.aspx?PERMIT=16714-B&API=01035202710000
Before or after the reverse split?
"There are only 79 million shares out there to trade with..." - not including the 50,000 Series A Preferred stock. Each share of Series A Convertible Preferred Stock has 1000 voting rights and is convertible into 1000 shares of common stock (i.e. 50 million shares).
Robert Wilson is the sole employee, President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director of this one man show called OMVS.
I can't really blame the unbridled enthusiasm at the AAVG board - there are a few that will make an incredible quick buck - the rest will be holding the bag wondering "what just happened to me!" - just a matter of (short) time.
This stock did not move on the news because AAVG is just a shell game being played by Robert Wilson - apparently no assets, no (recent) financials - just a pipe dream in a long line of broken (OMVS) promises by Wilson.
The fact that Wilson has a long history of association of the worst of the worst penny stock scammers (JT Cloud, Jonathan Gilchrist, Kathleen Delaney, et. al.) who was clearly at the helm when the SEC suspended Gulf Ethanol (GAEC/GFET), I think investors wisely know a sham when they see it here at OMVS.
If AAVG is expecting cash out of this deal, they better not hold their breath. What little net revenue they receive from the predecessor company (mobile sound systems), the interest expense eats them up. This one man show at OMVS is raking up an impressive G&A bill, while entering into numerous convertible debts. OMVS has a new business focus every month, so AAVG appears to be the flavor of the month - don't expect it to last very long....
OMVS is just another scam run by Robert Wilson - more history here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92368102
AAVG, a company that is listed as "Caveat Emptor", is yet another scam by Robert Wilson that fails to file financials - pretty bad considering Mr. Wilson has served as their Vice President and Chief Financial Officer since April 2008 and has also served as AvStar Services' Vice President and Chief Financial Officer since July 2004.
More on Robert Wilson here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92368102
At the risk of being overly redundant - how can DOMK go from $0 in sales to a whopping $144 million (2.4 million units x $59.99/unit) in gross sales ($30 million net after cost of goods) in just one year??
QS - how exactly does the projection of other, unrelated company's gas output "Suggest Strong Earnings Potential at First Titan Corp. (FTTN) Holdings"???
FTTN's only (1% interest) natural gas output is clearly declining (i.e. it is ZERO!): http://www.gsa.state.al.us/ogb/chart_well.aspx?PERMIT=16714-B&API=01035202710000
Why?? The company clearly has not produced on ANY of these alleged business ventures:
1. Custom Mobile Audio Stereo systems
2. Printable solar panels
3. Wireless service in South America
4. Pursuit of Government Incentives for various business models
5. Bikini Clad, Drunken Women Reality shows
6. Penny Auctions
7. Chinese Markets
8. Mobile Apps
9. Protection and Security Systems
10. Facial Recognition Services
11. In-vehicle Emergency Responder devices
12. More mobile apps
13. Overseas online travel services
14. Niche Charter Travel booking
15. Sports Fan Packages
16. Oilfield transportation
QS - how does OBJE intend to "Grow" with this kind of financials (not including the $100k fee it pays to you to promote the stock):
As of the last 10Q,(and known subsequent events), the company has issued over $1 million in convertible debt at a weighted average conversion rate of $0.033 which equates to over 31 million shares of potential dilution. To date, of this amount there has been $275k converted into 11.7 million shares (weighted average $0.023/share), leaving $736k remaining to be converted at an average weighted price of $0.038/share - or 19.3 million shares still waiting to be diluted into the market place.
You may believe that this company will be a cash machine waiting to happen - but first they need to plow through the $113k per quarter of G&A costs for this one man show, pay off the $30k it took to develop the BluffWars Game, and pay for another $58k in quarterly interest expenses before they can ever hope to turn a profit. This is of course, difficult to do when you have a $392k negative working capital to pay for keeping the lights on.
So let me get this straight....this one man operation, intends to go from $0 in sales to a whopping $144 million (2.4 million units x $59.99/unit) in gross sales ($30 million net after cost of goods) in just one year??
I call BULL-$HIT!
"The company is also in talks...developing social games that use biometrics to detect lies" - FINALLY!! A business focus that the company is well suited to achieve!
Commission Suspends Jonathan C. Gilchrist
The Commission announced today that it has issued an Order Instituting Public Administrative Proceedings and Imposing Temporary Suspension Pursuant to Rule 102(e)(3)(i)(B) of the Commission's Rules of Practice that suspends Jonathan C. Gilchrist from appearing or practicing before the Commission as an attorney.
The Commission's Order is based on a final judgment against Gilchrist issued by the United States District Court for the Southern District of Texas in SEC v. Jonathan C. Gilchrist, Case No. 4:13-cv-163, which found that he violated Sections 5(a), 5(c), 17(a)(1) and 17(a)(3) of the Securities Act of 1933, as well as Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, while president and chairman of The Alternative Energy Technology Center, Inc. (“Alternative Energy”). Specifically, the Court found that Gilchrist authorized the unregistered offer and sale of six million Alternative Energy shares to himself and two entities he controlled, improperly maintaining that the offer and sale were exempt from registration under Rule 504 of Regulation D of the Securities Act of 1933. Further, the Court found that Gilchrist effected match trades in Alternative Energy securities through brokerage accounts he controlled, thereby driving the per share price from $1.00 per share immediately after a reverse stock split on January 18, 2008 to $2.41 per share, at which point Gilchrist arranged for promoters to tout Alternative Energy to further drive up the price to $3.75 per share before the Commission suspended trading in the stock. Into this inflated market, Gilchrist made unregistered sales of 229,661 shares, which the Court found generated illicit proceeds of $692,146. In addition, as alleged in the complaint, to induce the transfer agent to issue shares of Alternative Energy without restriction, Gilchrist emailed that agent with his own interpretation of Regulation D of the Securities Act.
Gilchrist has 30 days to petition the Commission to lift the temporary suspension. If he does not make a timely petition, the suspension will automatically become permanent pursuant to Rule 102(e)(3)(ii). (Rel. 34-70867)
http://www.sec.gov/litigation/admin/2013/34-70867.pdf
Interesting commentary on FTTN: http://www.hotstocked.com/article/68892/first-titan-corp-otcbb-fttn-tanks-by-a-fifth.html
10-K details:
Corporate office is at a strip center in Miramar Beach, Florida - also home to Robert Federowicz's other ventures (RBCC, FTTN - more on that here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85062945 )
As of the date of this filing, there were 16 holders of record of our common stock.
They incurred a net loss of $517,371 for the year ended July 31, 2013
They recognized general and administrative expenses in the amount of $483,864
As of July 31, 2013, they have one employee.
Their net working capital deficit as of July 31, 2013 was $326,032.
The Company anticipates it will require around $500,000 to sustain operations and implement its business plan over the next twelve months.
Revenue = $0
On March 31, 2013, the Company signed a convertible promissory note with Vista View Ventures Inc. which refinanced non-interest bearing advances in the amount of $167,075 into a convertible note payable. Vista is an inactive/delinquent Wyoming company (https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=196077197088065026222151174163099008236023204114) which has a mailing address of 1712 PIONEER AVE STE 201, CHEYENNE, WY 82001, an adress with a shady reputation for hiding the corporate shell game: http://www.reuters.com/article/2011/06/28/oukwd-uk-usa-shell-companies-idAFTRE75R22L20110628
The above convertible note is set at an astounding price of $0.02/share (= 8.4 million shares!) - well below current market value. The obvious questions is "WHY??".
Not to make matters worse, but on October 31, 2013, the Company signed another convertible promissory note which refinanced non-interest bearing advances from Vista View Ventures Inc. in the amount of $516,920 into a convertible note payable at $0.02/share (=25.8 million shares!! - ugh....!)
The beneficial owner (72%) of ASCC is Melanie S. Maute - believed to be related (sister?) to Robert Federowicz.
"very good long term investment"?? - based on what?? The track record for this POS is pretty bad. It has lost nearly 80% of its value in just the last two months (coincidentally - this is the same promo period that QS is actively pumping the stock: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92117544 ), has a horrible track record of promised ventures and products, and continues to have a horrendous balance sheet - this one man show is a joke: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92136397
I guess the good news is that it has only dropped 50% from your first recommendation to load up on this stock... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93301319
That same type of recommendation did not work out so good for you last time (@$1.30 a couple weeks ago: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93348863 ) - why should this be any different??
Well saying it is a "scam" is just my opinion of course...but this should be enough to support the conclusion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93582515
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93448874
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92863873
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92824126
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87978237
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84211960
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76499235
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73218067
So since the IR has no sales, and the "other" will not be seen as you say, when will we start to see "Sales of the products they have invested in could easily reach the multi millions over the nexy year"??