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And.... The auditors have disappeared from the filings on OTC disclosure, so that's going to make it kind of hard to get an audit.
Yes, RB capital got almost 10 million shares free trading so I'm sure there has been heavy liquidation. But hey, that's the modus operandi of AP. can't wait to see how big the loss will be next quarter.
AP has no idea of accounting principals. The inventory is tequila, and nothing has moved for 2 years. The $60,000 in product liability is stuff they sold and took money for, but can't produce. It's a house of cards.
There are so many inconsistencies in these reports, and amended reports. AP believes he can just Press Release whatever he wants to generate sales. Look at the stock issuance to RB Capital, almost 10 million all free trading. One price about 27 cents.
I would like to see the company succeed, but if you look at the history it's been a bloodbath for shareholders. The company is not capable of putting out fair news. The liabilities and losses are staggering, and yet as it plunges deeper into insolvency it issues more glowing reports. Just my opinion.
Yes, the cash will disappear very very fast, so sad for all the new shareholders that think they have a chance to make money.
He's not done yet, but the circle is closing in on him. I think things might get pretty ugly soon. I'd hate to be a shareholder or debt holder at any price.
There are many surprises in the works for AP. I'm sure some of the litigation will be made public very soon.
Facts, sales dropped to $17k for the quarter, loss topped 10 million. Company under the leadership of AP has never been profitable. CEO has a 100% track record for losing money..... Other people's money. This company I would not touch. Any company where the CEO cannot be removed, and has no skin in the game is a dangerous combination for shareholders.
RB capital was issued almost 10 million shares, that has to have hit the market. Company has no revenue to speak of, its going down further.
How about this, the companies business model is issuing press releases and selling shares. Poor shareholders that buy into this story, only my opinion but it's going to see some pretty ugly lows pretty soon.
Nothing makes sense here, how about a press release on the spectacular increases in losses, deficit and debt. Much more interesting.
They raised a huge chunk of money, so I'm excited to know that at least will last to the next quarter. Love that officer compensation, this CEO is worth every share and every dollar he is paid.
It's all so true. But hey, you missed one item, the eventual reverse split. Other companies that actually have a functioning board would remove their CEO. In this case... Impossible. I would not want to be a shareholder in this company at any price
You are absolutely right about the KABOOM, but maybe not the kind you are expecting. There is some serious rot beneath the surface here..... In my opinion.
Well, let's see what happens. I agree, quite a score, imagine how many millions will be lost this time.
Good question. Maybe if they read all the spectacular press release news, and compare it to the financial statements they find something does not add up. I'm sure AP can resolve any issues, he is very articulate and reassuring!!!!
You go to the state of nevada corporate search and you will find the corporate actions for ISW holdings Inc. They will need new Independant directors to qualify for an uplist.
You go with the state of nevada filings. They removed both independent directors on April 19th. However we all know this is a one man show!!
Don't feel bad, your in the company of many. It's interesting to watch all the Press releases come out, but then see the disconnect when reality sinks in.
Yes it's correct, you check at the state of nevada corporate search website. Only AP and Terry Williams are directors.
Why get rid of independent directors?. Could it be that AP does not like people asking questions?, or perhaps the cost of being associated with AP is just too great. Onward and upward!!!
He might have put up the money because he got cut in on the preferred shares. All AP deals are kind of smoke and mirrors. Anyway, really looking forward to ISWH raising lots of money and paying back ALL OF ITS DEBTS!!!!
Remember, they just issued a series b shares for $150,000 convertible at 3 cents. ISWH only issues positive news, like revenue growth while omitting its greatest losses in history. Can't wait to see the next production of financial statements.
Great News, and followed up by another authorized share reduction today. Yep, went from 60 million authorized down to 200 million authorized.... Oops, maybe my math is wrong, I need to start following the AP method of accounting!!!
Great News, and followed up by another authorized share reduction today. Yep, went from 60 million authorized down to 200 million authorized.... Oops, maybe my math is wrong, I need to start following the AP method of accounting!!!
All very good questions. Enjoy the ride!!!
It goes on and on. The December Financials in the statement of changes just have a series of XXXXXXXX where the loss is reported. It's just so bad. This time around Alonzo will cause substantial losses to people that have money, not the little guys he preys on. That's going to come back to bite him.
Don't feel bad. Look at September finincials, they reported over $255,000 in revenue for 9 months. Now for the full year about $55k, so wow, Alonzo manged to achieve negative revenue for the last 3 months of the year. VERY IMPRESSIVE!!!!
Hi, you should get in touch with me. I know of legal action underway as we speak.
I always get a laugh at the Press Releases and then compare them to the financial statements. It's an incredible disconnect from reality. The CEO of this company has done a magnificent job since he took over. And wow, his other success DKTS is doing incredible now. Can't wait for the next chapter!! Good lick to all new shareholders.
Hi, If you have a valid note in ISWH let me know. I'm interested in doing something to help collect on it.
yes, its just an AP promotion designed to replenish the ATM for AP so he can go on making limit withdrawals (In my opinion) If anyone read the actual statements they would know the company is massively insolvent, would need 5 million in revenue to break even, and the shares price since AP took over has lost 99.98% of its value. The only thing better for this company is a trading suspension for the protection of the public. Every share sold today will have no value shortly as the company is in the middle of another toxic financing, hence the substantial press releases and stock promotion.
I read your email. Actually the company is under an obligation to pay cash. All the notes that the company issued have a maturity date. Almost if not all of them are now in default because the company failed to pay them when they became due. They do have a conversion feature of 50% of the lowest trading price of the shares. This is commonly referred to a "Toxic financing" and generally is used by those companies that have no other means of raising capital.
I sent it to you before, hopefully you can locate it.
I am not interested in converting my note into worthless paper. My note matured, and the company owes me the money. I'm collecting on my debt, and the company will either pay up, or we will make an application for a receiver. If I don't, someone else will, its only a matter of time.
I did not convert the note because AP decides if and when he wants you to covert it. By the time you have "been allowed" to covert and deposit the shares the price has always dropped so much as to be a fraction of the notes value. Just look at the awesome track record of this company. 99.98% loss for all shareholders since AP took over. And, just my opinion, but its heading down to sub-penny again.
Hi Bull2Bear99. You have my email address, contact me. My lawyer filed a lawsuit and got the standard response. We are now pursuing a summary judgement, and if we get it (we should as I have a signed promissory note by the company and no dispute of the amounts) I will then try to appoint a receiver for the company.
You and I know that this company is a sham (just my opinion) and only serves to line the pocket of AP. He really needs to be stopped. Every person that buys shares based upon these press releases that he puts out will lose all their money. It's just so terrible.
Contact me and I will look at funding your notes in litigation. To say I'm not happy with AP is the understatement of the year.
You can't charge someone criminally, only the police can. I filed a lawsuit, and it's working its way through the system. I'm hoping for a summary judgment soon, and then start enforcement action to collect. Not sure if anything will be left as my opinion is the company is a house of cards, and only exists to issue press releases to feed AP. Worst thing I have ever seen.
The light at the end of the tunnel is a train. This thing is a wreak, again and again. Debt conversion, multiple nonsense press releases, blow out stock, line Alonzo pocket, then consolidate shareholders to zero, never, never touch this one.