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.
Another day, another BlueFail haircut....
OTCBB shows OWOO as ineligible to trade: http://www.otcbb.com/asp/dailylist_detail.asp?d=09/17/2013&mkt_ctg=OTCBB
Effective: 9/17/2013
"Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11"
More on Rule 15c2-11: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90766605
QS - I don't think anyone cares about DOMK anymore....just curious, when does your 180 promo end?
"DOMK: QS, an affiliate of DreamTeamGroup, will receive $116,680 from a third party for 180 days of advertising, branding, marketing, investor relations and social media services provided by QS."
Epic FAIL on the promo....savy investors know this is just another Tyson Rohde con (ref. SEC suspension of GSLO).
BLFR's Tyson Rohde's company, Goldbridge Consulting, mentioned here: http://www.sec.gov/litigation/complaints/2013/comp22599.pdf
Could not have happened to a nicer guy....way to go SEC!
Considering the $0.005 offering was done by a "related party" (translated: bought by former SEC Suspended CEO of GSLO, Tyson Rohde), I would presume the dilution would come at the same time as "consulting fees" and other services and some more convertible toxic debt to kick off a spam campaign to maximize his returns.
"OBJE could be expecting to go to $3" - based on what?? - OBJE finally realizing a few sales of their Phantasmic $0.99 app?
Have you even noticed that the company has been spewing out shares as fast as they can print them?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90444243
How about this DD?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85034211
Or this follow up?: http://www.hotstocked.com/article/59992/obj-enterprises-inc-otcbb-obje-surges-on.html
Load the boat? Seriously? How about a little objectivity first with rationale (i.e. charting analysis, company fundamentals, etc). Every time I hear someone with that cliche I ask them to watch this video first... http://www.pumpsanddumps.com/p/dedicated-to-awesomepennystocks.html
Prepped for what? Another 40% bath?
Facts:
Company has just increased the A/S by 80%
Cash on hand = $2k
Prepaid consulting fees (assets) = about $660k
Liabilities = about $1.4 MM
G&A burn rate = $388k per quarter
Interest expense = $45k per quarter
Revenue = $0
Advertising burn rate = $31k per quarter
Unpaid convertible debentures with 14% interest rate = $416k
Clearly, the company needs to issue more stock to implement its business plan. That is in fact what they are doing as shown by these subsequent events that have happened since the last 10Q filing. This is not a "bad" thing if the ultimate goal of advancing their product to market is achieved, however, at some point one needs to stop the bleeding and generate cash from sales instead of stock liquidation (and the resulting impact to shareholder value):
The Company has incurred operating losses of $ 3,113,853 since inception, has limited financial resources and a working capital deficit of $866,223 at March 31, 2013.
On April 19, 2013 the Company entered into a one year Convertible debenture with Asher Enterprises, Inc. in the amount of $32,500. The note bears an interest rate of 8% per annum.
On April 2, 2013, the Company entered into a 60-day promissory note in the total amount of $50,000, with Curtis and Janet Threat. The note bears an interest rate of 16% per annum.
During April and May 2013, the Company allowed several of its convertible debenture holders to transfer their convertible debentures totaling $90,000 through a Securities Purchase agreement. On April 18, 2013 a partial conversion of $5,000 was approved by the board of directors however the conversion has not occurred as of the date of this report, resulting in unissued common stock totaling 333,334.
On April 10, 2013, the Company entered into a four month Strategic Consulting agreement with Mosaic Media Group, LLC covering business planning, marketing and advertising advice and planning and public relations and investor relations services. Consideration is in the form of a cash payment of $12,500.
On May 1, 2013, the Company entered into a two-year media and marketing services agreement with Shade Global. Consideration for this contract will be in the form of cash and warrants.
On May 3, 2013, the Company changed auditing firms and retained HJ & Associates, LLC to provide future audit services. Form 8k reflecting the change was filed with the SEC on May 9, 2013.
Moms concerned about dolls are not the target audience that is going to be buying this stock. Not sure how a 70's sitcom star or a Desparate Housewife line is going to help anything, but the other lines planned for release will likely be marketable.
At the end of the day, the concern about Hines and Austin relates to share dilution for investors. The company appears on a quick dilution track having issued the latest 8-K increasing the number of shares 80% from 200 million to 360 million. Asher's numbers, however troubling for their arrival on scene, are probably already baked into the current action. The concern for me (and this is just my speculation) is that Hines and Austin are probably behind bringing them into the mix. They have a long history of running companies into the ground and bringing scrutiny from the SEC with suspensions on several companies. The quicker the company can dump them, the better off they will be.
Compelling how? They picked up a phone and started a sales pitch? This is not news.
yes, sorry. <eom>
Still active registered in Florida: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p09000079065-75d794f0-9958-4b21-b50a-0c4683836bcc/obj/Page8
Interesting to note the mailing address:
1900 WEST LOOP SOUTH,
SUITE 110
HOUSTON, TX 77027
This is the home office of Kathleen Delaney who has been involved with a large number of SEC suspended companies (ref.: EHSI, EVSO, ONYX, GFET, SSLR, and GSLO).
I am sure Asher had a lot to do with it, yes. My only point is that the company has some snakes it is associated with (Hines and Austin) - if they can disassociate themselves with both of them, the stock has potential.
Phantasmic was submitted to Google Play in May as a "freemium distribution model, with a dazzling array of in-app purchase options to be included": http://www.businesswire.com/news/home/20130513005447/en/OBJE-Phantasmic-Submitted-Google-Play-Approval
It was also touted to have been submitted to the Apple App Store in April - neither of which have come to fruition:
https://play.google.com/store/search?q=phantasmic&c=apps
Even the developer, Novalon Games, has gone silent on the issue with their 13 followers: https://twitter.com/NovalonGames
ya...huge...$8500 transaction for this company is truly amazing....
Impressed with their "work ethic"?? Are you referring to the feverish pitch of issuing toxic convertible debt?:
On August 31, 2011, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $511,468 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on August 31, 2013. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.05 per share (equivalent to 10.2 million shares).
On September 26, 2011, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $78,885 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on August 31, 2013. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.01 per share (equivalent to 7.9 million shares).
On September 4, 2012, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $25,260 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on September 4, 2013. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.01 per share (equivalent to 2.5 million shares).
On October 31, 2012, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $52,600 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on October 31, 2013. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.01 per share (equivalent to 5.3 million shares).
On January 31, 2013, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $170,413 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on January 31, 2015. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.10 per share (equivalent to 1.7 million shares).
On May 31, 2013, the Company signed a Convertible Promissory Note which refinanced non-interest bearing advances in the amount of $172,450 into a convertible note payable. The Convertible Promissory Note bears interest at 10% per annum and is payable along with accrued interest on May 31, 2015. The Convertible Promissory Note is convertible into common stock at the option of the holder at the rate of $0.05 per share (equivalent to 3.4 million shares).
Total of the above = 31 million shares at an average price of about $0.032/share - all to finance over $1 million with nothing to show for results....nice work if you can get it!
Meanwhile...the outstanding shares continue to blossom, going from 9.4 million to 12.8 million over the last quarter.
Unfortunately, can't say I didn't warn the board - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83768067
As of April 30, 2013, the Company had not emerged from the development stage (i.e. $0 revenue) and has generated net losses since inception of $415,345. The Company has not generated positive cash flow from operations and does not expect to do so in the near future. The company has no physical assets or inventory.
Sure - here are a few facts to discuss:
Last month, ASCC (a one man company) announced it was creating a subsidiary, TOP Shelf Distributing, to distribute its new product (http://ih.advfn.com/p.php?pid=nmona&article=58184045), yet a few weeks later, we find that the company appears to be abandoning that idea, by partnering with a yet to be named, secret Texas distributor (http://ih.advfn.com/p.php?pid=nmona&article=58493384). Why the sudden change?
Could it be that the $178k per quarter ($712k annually) in G&A expenses for this one man show are too much for the balance sheet to set up another operation? As of April 30, the current liabilities exceeded current assets by $196,531.
Financing this operation is problematic - they already have a significant toxic convertible note outstanding (as of April 30) which will lead to further dilution:
$167,075 convertible at $0.02/share (8,353,750 shares) with a 10% interest rate.
This is before they ramp up production, distribution, etc, of their vodka.
Robert Federowicz, ASCC's sole employee, has no experience in the distilled spirits business. In fact, he has never quite settled down in any of his ventures, including his involvement with SEC suspended EHSI... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77007402
yes...solid in the red...EPIC FAIL on the spamvertizing of this POS.....
Speaking of the prospects of DOMK raising money to pay for this alleged 20% equity stake, I wonder if Andrew Farmer has cleaned up his troubles with the SEC?: http://www.sec.gov/litigation/litreleases/2013/lr22680.htm
If you recall, DOMK got much of its financing thru Infinite Funding - another Andy Farmer company.
Don't confuse them with facts...they are trying to run a pump...
DOMK does NOT own and operate Armada Sports. I see you guys are up to the same old lies - here is a reminder from the last pump you did to keep your facts straight: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88881266
Why would drillers risk buying equipment from an unknown OTC company, that is associated with a former CEO of an SEC suspended company (ref. Tyson Rhode of GSLO)? Even if one were naive enough to believe in this pipe dream, the company clearly states it has little to no cash (~$3k), has many obligations including needing to fund the Columbian venture ($50k), and a variety of loans they need to pay back totaling $242k in liabilities, as well as secure financing to implement their business plan: "anticipate needing a minimum of $250,000 for Phase One and an additional $500,000 for Phase Two of our planned development plan, totaling $675,000" - all of this prior to any sales or drip revenues from leased equipment actually happening, and does not include the corporate overhead ($84k in the 1st quarter alone). All of the above means some serious dilution coming just to pay the bills and move forward.
The TTB strictly prohibits making "health" claims for distilled spirits - here is the specific language:
(ii) Rules for labeling —(A) Health-related statements. In general, labels may not contain any health-related statement that is untrue in any particular or tends to create a misleading impression as to the effects on health of alcohol consumption. TTB will evaluate such statements on a case-by-case basis and may require as part of the health-related statement a disclaimer or some other qualifying statement to dispel any misleading impression conveyed by the health-related statement.
(B) Specific health claims. ( 1 ) TTB will consult with the Food and Drug Administration (FDA), as needed, on the use of a specific health claim on a distilled spirits label. If FDA determines that the use of such a labeling claim is a drug claim that is not in compliance with the requirements of the Federal Food, Drug, and Cosmetic Act, TTB will not approve the use of that specific health claim on a distilled spirits label.
( 2 ) TTB will approve the use of a specific health claim on a distilled spirits label only if the claim is truthful and adequately substantiated by scientific or medical evidence; sufficiently detailed and qualified with respect to the categories of individuals to whom the claim applies; adequately discloses the health risks associated with both moderate and heavier levels of alcohol consumption; and outlines the categories of individuals for whom any levels of alcohol consumption may cause health risks. This information must appear as part of the specific health claim.
(C) Health-related directional statements. A statement that directs consumers to a third party or other source for information regarding the effects on health of distilled spirits or alcohol consumption is presumed misleading unless it—
( 1 ) Directs consumers in a neutral or other non-misleading manner to a third party or other source for balanced information regarding the effects on health of distilled spirits or alcohol consumption; and
( 2 )( i ) Includes as part of the health-related directional statement the following disclaimer: “This statement should not encourage you to drink or to increase your alcohol consumption for health reasons;” or
( ii ) Includes as part of the health-related directional statement some other qualifying statement that the appropriate TTB officer finds is sufficient to dispel any misleading impression conveyed by the health-related directional statement.
How can "they out perform the competition" when they have zero sales/revenue?: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9295893
Question - who in their right mind would place an order for 158k cases without the product even being developed or even explained what features it will have?
"I will buy more shares, this one feels good!" - just curious, was your wife also a Russian Mail Order Bride?......
"Big day comong today for OWOO..Very Cheap and very thin" - Why is it a big day - are they filing for bankruptcy?
Well...in addition to being a distilled spirits expert, he is an international business man, having these multi-talented credentials:
Euro-Trash Fashion Mogul: http://www.fibre2fashion.com/news/images/98/robert_federowicz_ceo_obscene_9834824.JPG
International Oil Man:
http://www.firsttitanenergy.com/management.html
Robotics Innovator:
http://www.quantuminnovators.com/about.html
Bioscience and Coral Farm Expert:
http://www.hotstocked.com/article/54862/rainbow-coral-corp-otcbb-rbcc-and-the-two-sides.html
Bio-Innovation Consultant to SEC suspended EHSI: http://www.businesswire.com/news/home/20101022005258/en/EHSI-Consultant-Attend-Bio-innovation-Summit-Poland
Gym Owner: http://companies.findthecompany.com/l/1962197/My-Private-Gym-in-Houston-TX
And...to top it all off...he is considered by some to be the "Sexiest Vegan" alive...: http://blogs.houstonpress.com/eating/2010/03/peta_searches_for_sexy_vegetar.php
So...why would you think he is so full of himself??
HORI designated with the dreaded Caveat Emptor Rating: http://www.otcmarkets.com/stock/HORI/filings
OTC Markets Group's Policy Regarding Caveat Emptor
OTC Markets Group identifies securities with a Caveat Emptor symbol to inform investors that there may be reason to exercise additional care and perform thorough due diligence in making investment decisions for a particular security. The Caveat Emptor symbol is displayed in place of the OTCQX, OTCQB or OTC Pink marketplace designations and is distributed on market data feeds. The symbol is displayed wherever OTC Markets Group quote data is available. The designation is available to all market participants, including investors, broker-dealers, and clearing firms, so that they can make informed trading decisions.
Reasons Why a Caveat Emptor Designation is Assigned:
* Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets Group will label the security as "Caveat Emptor." *Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the company or a third party
*Investigation of Fraud or Other Criminal Activities — There is an investigation of fraudulent or other criminal activity involving the company, its securities or insiders. When OTC Markets Group becomes aware of such investigation, the company’s securities may be subject to Caveat Emptor
*Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt)
*Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available
*Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the company has not made adequate current information available to the public
*Other Public Interest Concern — OTC Markets Group has determined that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available
QS - you quoted the company as stating: "DoMark has invested in five great innovative products, and we are well positioned to return substantial growth for our investors"
Which 5 products are you referring to? I count only 4 to date including:
1. Musclefoot/Barefoot Science - Discountinued product line
2. SolaPad - product discountinued
3. SolaCase - product discountinued
4. IR Charger (pending release in August)
Regarding shareholder return, the company had gross sales of $1396 (less $483 in cost of sales) for the Musclefoot and SolaPad/Case sales last quarter in exchange for a $6 million license fee - it is disingenious to state that this is "substantial growth for our investors"!
Regarding Robert Hines when he was at EVSO, the stock did in fact have some spikes, and then it was suspended by the SEC which if you were left holding the bag at that point, you were screwed.
While we are waiting on news from the company, let's take a look at the actual production for their Cedar Creek 35-5 well located in Alabama. From the press release in January, they touted that the well was producing "right in line with the Company's expectations" at "223 barrels of oil and 220 thousand cubic feet of gas daily with no water. Reserve estimates range from 400,000 to 800,000 barrels of oil.": http://www.dailyfinance.com/2013/01/24/fttn-releases-positive-new-production-report/
Looking at following link for the actual reported production, we notice that the above statement is generally true in January, (although the gas production appeared much less at about 12 MCFD): Cedar Creek 35-5 Production report
With this much data, we can now calculate the ultimate reserves for the well, using the equations found here: http://www.petrobjects.com/downloads/Petroleum%20Reservoirs%20Estimation%20Methods/Reserve%20Estimation%20Methods_03_DeclineCurve.pdf
Without boring you with the math, the well is on a fairly steep decline, starting off at 414 BOPD in September 2012, and is currently (March 2013) producting 118 BOPD. By the end of the first year, it is estimated that the well will be producing approximately 24 BOPD, for a first year cumulative production of about 50,264 bbls. Unfortunately, due to the steep decline in production, the following year will be about 3100 bbls in total. At that point, the well will be a candidate for either a workover, or plug and abandonment, with a final cumulative production of about 55,000 bbls - well short of the 400-800,000 bbls touted above.
Still, a nice bit of production out of this first asset for the company - doing some generous math on the ultimate reserves: 60,000 bbls** x $100/bbl x 1% net revenue interest = $60,000 less nominal operating costs and massive G&A costs ($224,289 for the last 6 months).
**Includes value of natural gas equivalents
Interesting to note that FTTN claims the reserves are evaluated at $124,523 in the latest financials. It will be interesting to see the next set of financials if FTTN re-evaluates their reserves.
Not implying, stating a definite "Beware" - just my opinion only of course....
Sorry - thought your question was rhetorical as the obvious reason is it was pumped by Quality Stocks and other promoters while cashing out.
http://www.qualitystocks.net/disclaimer.php
"DOMK: QS, an affiliate of DreamTeamGroup, will receive $96,190 from a third party for 90 days of advertising, branding, marketing, investor relations and social media services provided by QS."
QS and WallStreetSurfers.com lost all credibility after pointing out these lies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88881266
More importantly, I think investors looked to the financials for the real story and this is why they continue to bail: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88935369