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Hope this isn't like the for sure by April 15th financials. Honestly, I don't expect anything from the financials. It's just the follow-thru that I expect and they keep letting us down with that.
What really gets me is the fact for months everything revolved around the anticipated Duke study publication. Once the publication came out and it appeared quite positive for the product there was complete silence after until notice of going out of business was announced.
This is where the scam concern comes into play, IMO. It was like WLSI took it as far as it could go and bled it as much as possible before dropping the ball. JA painted himself and the stockholders into a corner.
Frankly, if JA had managed this stock / company as if it really had potential a long time ago he would have been able to get the funding following the publication of the Duke study.
He took full advantage of the what if's, maybe's, and could be's to the point of no return. I would like to think that if JA had the chance to step back and to do things differently he would have.
Should we be concerned that they are taking Angels in Action private? What happens if? This was just posted today on Bloomberg Businessweek.
Diversified Financial ServicesAngel Acquisition Corp., Angels in Action
Private Company Info
Reverse split effective today. Let's see just how long this post-split price of 0.10 holds. If they were to launch a mega PR campaign, maybe it could actually climb for a little while, IMO.
Unfortunately, after reading that letter to the shareholders something tells me we are not dealing with the brightest executives in the market. They better hope their product sells itself, IMO.
That really is the beauty of AGEL and what is happening now. This is uncharted territory, IMO. Something completely different from what we are used to seeing. What? Are people selling at 0.0002 betting it will go to 0.0001? No sensible rationale to this whole thing.
That is the wonderful mystery here. Once in a lifetime opportunity, IMO.
I will say this,
I DO NOT appreciate the newer posters / investors showing up and posting that they have contacted the CEO via email. Of course, someone with a vested interest in AGEL has every right to contact the company with questions and concerns. However, in the end, this type of activty can certainly do more harm than good. FINE, contact the CEO all you want, but PLEASE keep it to yourselves! I am referring to appropriate protocol here. In the end, what you say is nothing more than hearsay.
INVESTORS, mind your P's and Q's on this one. This ISN'T typical PINK SHEET BS. Act like the grownups that you are!!!
AS an investor, if you would like to communicate with a company you are invested with, by all means do so. However, for those that feel compelled to post that information for all to see, think, is this really an investment for you or are you just trying to get attention?
Looking forward to future endeavors of this company. The news will come in verifiable form when the time is appropriate, IMO.
Dear Shareholders and Potential Shareholders.
It has been some months since I last wrote, and I can only apologies for the lack of communication.
A lot has happened over the last few months, and I would like to address a number of the issues we have faced, and have been overcoming.
We strongly believe that EnableTS has a solid technology platform that is used around the world and huge potential for growth. I can assure you, that I am fully committed to bringing this company forward, and believe in a strong future for our company. I would like to address a number concerns rose by shareholders, and hope to address them.
Firstly – I would like to address the outstanding stock.
In December 2011, MMUH Issued 200,000,000 shares to WAMMF Group Inc. As of today, I have been informed that 100,000,000 of those shares were returned. Reducing the current outstanding to 4,147,390,046
In my previous correspond I noted that I had asked the officers of the company to return their common stock to the company. Arising from that, we are pleased to announce the following changes in the stock structure, which will take place immediately after the ticker symbol change, and the reverse split have completed.
I will return all 850 shares of my common stock to the company; this will reduce the outstanding amount by 850Million shares.
Arising from Mr. David Lovatt has stepping down as a director and officer of the company. Mr. Lovatt will return 600 million of his 850 million shares. Leaving him in possession of 250Million shares pre-reverse split, and 250,000 shares post reverse split.
Mr. Lovatt has been a great asset to the business, but he is concerned that he has too many other commitments to be able to offer his full focus to EnableTS. He feels EnableTS deserves nothing less than 100% commitment and it would be unfair on business for him to give anything else.
Post retirement of the officers’ stock, the outstanding pre-reverse split will be 2,697,390,046 (down from 4,147,390,046) and 2,697,390 (down from 4,147,390) post reverse split.
In addition, Mr. Lovatt has agreed to convert his Super-Voting stock into 25Million shares of a new class of preference stock. The new class will essentially be a convertible preference stock, which will allow Mr. Lovatt to convert the shares at a 1:1 conversation into common stock at a future date.
The next issue I would like to address is the issue of the reverse split. It is unfortunate that the reverse split has taken so long. To be completely honest, this is an issue caused by our lack of access to information from the previous management team. We have been requested to provide historic information to FINRA, which pre-dates our involvement in the company. Getting access to this information was very difficult, and we have no contact with any previous officers of the company, and we are at the mercy the information to hand. That said, through a lot of manual work, and communication with various third parties, we have managed to collate the information FINRA has requested, and we passed this onto them. We hope this will conclude the action.
At this point I would like to address a concern raised by many shareholders of the effect of a reverse split. It would appear many shareholders fear a reverse split will result in a massive fall in the value of shares, and further huge dilution. Although in many cases, a reverse split is followed by huge dilution, this is not our intention. It is upmost importance to me to reduce dilution wherever possible for shareholders. We are doing many steps to do this, including the return of our own shares to the company. In addition, it is our intent to reduce the authorized share capital from 5Billion to 10Million Shares.
That said, it is important for the company to raise capital, in order to succeed in growth, this is of equal importance to all shareholders, as companies that fail to grow show little value, and little return for shareholders. I can assure you, the purpose of raising capital is for reinvestment back into the business.
Going forward, when raising capital, I am proposing the introduction of some measures to help protect existing shareholders. At this stage, these measures are a proposal, and are subject to review by the board. Until a detailed review has been completed, and their fairness and legality completely analyzed, they will not be implemented.
Firstly, I have made a proposal that we to introduce the right of first refusal for all existing shareholders. Which means in the event we offer equity to an investor, all existing shareholders will have the right to purchase equity at the same rate to the extent where their shareholding does not become diluted. For example: (based on sample and not actual figures)
Sample Corp Inc. offers to buy 300,000 shares at $0.12 per share. If the current outstanding were 3,000,000 shares, the increased issuance would have a 10% dilatorily
effect on the percent ownership of the other shareholders. If existing shareholder John Doe owns 50,000 shares in company, we guarantee that John Doe would have to option to purchase an additional 5,000 shares at the same rate. Thus John Doe would be able to maintain 1.66% of the companies’ holdings.
The above of course would have to be in line with the relevant SEC regulations. In addition to the above, we are also focusing on finding investors who are interested in investing for the long term. This will reduce any downward pressure on the stock, and increase value for all parties. One approach is to facilitate the offering of 12 month restricted stock to direct investors. This includes any current shareholder who has an interest in increasing their holding in the company. This will remove our dependency on large investment firms, who often only have interest for short term investment.
Shareholders wishing to benefit from direct investment can contact us at invest@enablets.com. As with other investment, all shareholders will have a right to maintain their shareholding.
The next issue I would like to address with shareholders is our current status on the OTC Markets. In previous press releases, we make a point to say we are going to target the “Current Information” tier on the OTC Markets. We hoped the archive this last year, although failed our target. The reason for our failure was based on inability to access financials prior to July 2010. The “Current Information” tier requires two years of previous financials, which we were unable to provide.
In addition to our inability to gain access to previous information, I also have to apologize for my own fault in letting us slip back down to No Information tier. Despite our inability to get previous financials, it does not excuse the fact I could have failed to publish the latest quarter. I make no excuse for my failure, other than it has been an extremely busy 6 months, and going forward I will ensure financials are filed on a timely manner over the coming quarters.
The next thing I would like to clarify is how current management came involved in Mobile Media Unlimited Holdings, and as much as I know about the history with TZfuma. Although we have covered this is several documents previously, I feel it appropriate I clarify it.
The current management teams’ first involvement with Mobile Media Unlimited Holdings Inc. was in July 2010. Before then, I had no dealings or knowledge of the company. We were advised by a third party, that the company previously had an electronic cigarette subsidiary, which had been moved out under legitimate circumstances. Since our involvement in the business, we have been overwhelmed by shareholders concerned about the TZfuma subsidiary and what happened to it. Regrettably we have no knowledge, either direct or indirect about the specifics of TZfuma. What we do know, is Mobile Media Unlmited Holdings as of July 2010 has
no involvement or ownership in TZfuma or any other subsidiary, other than EnableTS. We apologize sincerely to shareholders for our incapacity to provide any further information. We hope that any previous management of the company does not reflect on your opinion of the current management team, and that our true value begins to show for shareholders.
On a final note, I would like to advise shareholders, that we are always open to hear their feedback, and happy to take calls from them should they have any questions.
Kind Regards
Danny Jenkins
Danny Jenkins
C.E.O
EnableTS Inc.
Poorly written is correct! Disappointing to think that the individual who wrote this letter is in charge of any company, IMO.
I consider near term to be no longer than two weeks max, IMO. Who knows really, near term is just that.....near term. I recall one of Molinari's statements saying "near term" and it was about a week or so:
Angels in Action Announces GATE Technologies Acquires Controlling Interest
NEW YORK, NY–(Marketwire – March 23, 2011) – GATE Technologies, LLC, announced today that it has acquired controlling interest in Angels in Action (“AIA”), an operating division of Angel Acquisition Corp. (OTCQB: AGEL) (PINKSHEETS: AGEL), enhancing the offerings of its subsidiary, GATE Global Impact (“GGI”). Angels in Action is a Carlsbad, California based company focused on providing microfinance services in the U.S. marketplace. AIA’s platform enables eligible American entrepreneurs to secure quick-and-ready financing through peer-to-peer loans and microloans. The terms and conditions of the sale will be announced and fully disclosed in the near term.
The Chairman of the Board owns 100% of Series A Preferred shares. That is not just a piece of AGEL, its the whole thing. We wait....
Been in GDTK since September stuck right along with everybody else. Back then, they did one heck of a PR campaign I must admit. After that it was nothing, but dilution to the max. There has been no bid since that time.
Now, I am seeing another attempt at the beginnings of another pump. Is it because of anticipated financials? As I recall, one of the GDTK peeps said the financials would be out no later than the end of March and another said no later than April 15th.
Guess we will see, but really what is the point? They have done nothing and there will be no revenue to show at this time. However, we should be able to see exactly how many billions of shares are in the share structure at this time. Maybe they are getting ready to do a R/S just in time for the first machine to go on-line. When was that supposed to be? June I think.
Anybody else notice the ASK has been at 0.0002 both Monday and today all day? The ASK has not dipped down to 0.0001 even with the tremendous sell off today. This is a good sign IMO.
Even though the transactions of Gate Technologies / Vincent Molinari were mentioned in the 10K we must remember those things all happened in 2011. The 10K sole purpose was for 2010 and we all know not a lot happened last year.
The first quarter 10Q for 2011 is right around the corner. Filings for this year is where the focus needs to be now, IMO.
AGEL has been referred to as a "Shell" recently I believe due to its current PPS trading. However, it has never been listed specifically as a shell, but as a smaller reporting company. AGEL is, in fact, doing business just not much of it over the last few years.
Really wish AGEL had closed at 0.02 for the week ending April 8th. However, it would appear the AGEL got mixed in with another company for that news.
The SEC is all over the possibility of relaxing the 500 max investor for private equities. This will not only bring illiquid security trading platforms more into the spotlight, but the companies pioneering this type of trading in the USA, ie.,Gate Technologies.
It is my opinion that companies such at Gate Technologies will be in huge demand from the public sector. Not everybody qualifies to be an accredited investor(net worth of at least a million dollars) after all. There must be a publicly traded format of some form available and that form would be via AGEL.
However, Gate could have themselves a boatload of potential accredited investors (that would be us) if they leave AGEL intact and with buyback or retirement of shares etc. I, for one, would jump on that bandwagon right quick like.
The way I see it, Ault is and always will be a WANNABE. Molinari has been at least one to several steps ahead the whole way. That man, Vincent Molinari, has a plan and he is executing that plan with precise fortitude, IMO.
Just to get to 0.0002 after the length of time this stock sat at 0.0001 has been a nice accomplishment, IMO. Things ARE happening behind the scenes, IMO.
I expect the games shall continue until the force of overwhelming large buys pushes AGEL up beyond the limits that current players are willing to pursue. When this happens, and it will IMO, the triples will be gone in no time and there will be no looking back.
For the moment it is a waiting game. It will be fun to look back on AGEL and remember when it was only 0.0002. This is the one to watch for 2011, IMO. Just to be in association with Gate Technologies is remarkable.
Suggested searches: Microfinance, impact investing, illiquid securities. These are the future of our financial markets and AGEL is right in the middle of all of it thanks to Gate Technologies.
Do your DD, read the sticky notes at the top to help you get up to speed, and make your own decisions.
With things as they are now, I would anticipate under the cover of darkness, the homestead will be abondoned. Everyone that knows them will wonder what happened and where they went. More than likely, out of the country.
The following letter was sent on January 11th, 2011 to the Securities and Exchange Commission advocating a revision in the number of shareholders of record a private company can have before registration. In the letter, GATE CEO Vince Molinari lays out the case for increasing the 500 investor cap – which has not changed since 1964. As a thought leader committed to the expansion of electronic trading of illiquid assets, Mr. Molinari hopes to proactively engage regulators on this very important issue on entrepreneurial capital formation and begin a discussion that leads to appropriate reform.
Molinari's letter to the SEC
When Vincent Molinari speaks, the SEC listens LOL.
RE: 10K Keep in mind:
AGEL has until April 15th to file its 10K. Maybe it will be out today, but they still have another week to file.
After submission of the SEC Form NT 10-K, the company must then file its 10-K within 15 days.
Time Frame for Filing 10K
Yes, agreed. That is the impression I have about Vince Molinari. Tough as nails and all business. He knows what he is doing and what the next step is going to be, IMO.
I like the way you think!
Well, somebody is buying the heck out of WLSI today.
Somebody is actually buying WLSI today. This is just wrong to allow unknowing investors to continue to purchase when WLSI is OUT OF BUSINESS EFFECTIVE TODAY (4/6/11) per the 8K.
MM's still on the ask LOL. The good news is that they lose their shares too.
Have to go with a tax write off, I suppose.
I would expect a filing for Bankruptcy Chapter 7 if this business closing is on the up and up, IMO. Otherwise, if it is just a mear closing the doors and walking away, then, I would agree with this being nothing more than a scam all along and legal consequences will prevail.
If they file Chapter 7 creditors would at least get something. As shareholders we would still get nothing. It's over for us.
Just too strange for words. Appeared like things were really rolling and, then, WLSI just fell off of the map. As shareholders, we deserve an explanation, IMO. They need to tell us why we are the owners of worthless paper. Maybe a merger that fell through, who knows? Still, we need an explanation, IMO.
IT'S OFFICIAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest reported): April 6, 2011
WELLSTAR INTERNATIONAL, INC.
(Exact name of registrant as specified in charter)
Nevada 333-130295 20-1834908
(State or Other Jurisdiction of Incorporation
or Organization) (Commission File Number) (IRS Employer Identification No.)
6911 Pilliod Road
Holland, Ohio 43528
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (419) 865-0069
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On April 6, 2011, Wellstar International, Inc. (the “Company”) announced that it has ceased operations. The Company phone number has been disconnected and the lease for the Holland, Ohio facility has been terminated.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WELLSTAR INTERNATIONAL, INC.
Date: April 6, 2011 By: /s/ John Antonio
Name: John Antonio
Title: CEO
8K
That is a very good question because it was there with a couple of MM's before market opened.
From 8K filed 1/12/11
Do we have any proof that Ault is really gone? Is there a proper list of directors and majority shareholders in this company?
Now, your TALKIN LOL. I love the DEEPER POCKETS concept!!
Profits? If you buy at 0.0001 and you sell at 0.0001 where is the profit?
So you held AGEL for about a year according to your "My Stock" activity and you decide to sell now? We all got to do what we got to do, but that seems to be a rather drastic move don't ya think?
The way I see it, the worst that could happen here is an R/S of thousand(s) to one, but Molinari is sharp and knows AGEL will be considered toxic if an R/S takes place, IMO. If AGEL were to be dumping shares the Chairman of the Board (Molinari) would be approving it and I doubt that is the case either.
Additionally, I have researched AGEL's financial and have seen that just prior to filing a Pre 14C (Intent to R/S)there has been insider selling (4) with each instance by Steven Bonenberger. I am thinking Steven too realized the detriment caused by reverse splits.
It really hasn't taken too much buying pressure to uptick AGEL. However, with so many investors holding such large quantities of stocks and the ability to dump them at will is hurting AGEL now. The only way to put a stop to this type of activity may very well be a R/S to reduce the number of shares being held by what I consider to be irresponsible investors, IMO.
I have been exploring Microfinance in general over the past couple of days. From what I can find at this time, it seems to be really big business overseas, but not a lot has happened with it in the USA.
As far as USA publically traded companies go, there are a few that offer a Microfinancing Division such as Citibank. It looks like perhaps Gate has taken on AGEL as a project of sorts, IMO. Microcredit is almost nonexsitent in the USA and from what I can gather is quite lucrative in India, Asia, etc.
Traditional banks have continued the course with their traditional methods and criteria and all too many individuals over the past couple of years now no longer qualify for traditional funding.
The biggest, SKS Microfinance, runs at over $500 per share and looks like it went public sometime last year. Microfinance lenders appear to have a whole different set of criteria they use for granting loans to lower income individuals. Also, of those that have received Microfinancing, only 3% have defaulted on their loans.
This is the future and the USA is just beginning to really catch on to it. Additionally, due to the nature of Microfinance and the communities it serves, the IMPACT socially is very favorable, IMO.
Agreed, have seen this in the past, some obscure PR shows up under a particular symbol. It is a glitch and nothing more, IMO.
I agree completely and
I must say this is one of, if not the only, stock on the OTC I have been a part of that there is very good reason to believe this one is the real deal.
GATE has done nothing, but show steady progress in their business ventures over the past few years. Moving forward with a purpose to their eventual goal. Realistically, Gate Technologies has much bigger fish to fry than the "small" investors of AGEL. This one is bigger than any of us.
I have seen nothing so far to make me step back and question what is happening. Sure, I question what is happening just because it looms large with a sort of in your face potential for success here.
We won't really move up until the selling of 0.0001's stops. It seems to have slowed somewhat. Maybe those with 0.0001's are running out of shares. One can only hope.............
Over the past several years, AGEL has historically filed their 10-Q within 7 days of filing the NT - 10Q. I anticipate their filing by 4/8/11, but maybe before since they have filed within 4 days of the NT-10Q on more than one occasion. Guess we will see.
Anybody notice how little it took to move this stock up a tick? I have been watching this for days now and it just doesn't take much to move it up! Whoever is playing the dumping games is just trying to keep it down.
Being that Gate is in the business of getting traders together and cutting out the middle man (namely the MARKET MAKERS) it makes complete sense that the MARKET MAKERS have a lot to lose with Gate Technologies.
It is my opinion, there has been a huge buyback as evidenced by the low buying volume it takes to move this stock. This is certainly verifiable and for all to see on actual trades. Who (in their right mind) would be dumping shares at 0.0001? There is absolutely no chance of profit with that.
Therefore, it must be malicious in nature with the pure intent of holding this stock back, IMO.