US CANNABIS ADVOCATE
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How do you know this?
Are you an insider at SOUM?
EV is finally finished ...
VVS
This is your post ..
How mamy shares are committed to this plan you posted/promoted?
4) The Retirees
KEYS:
Non-damaging Exit Plan
Pay for itself - Employee Stock Plan
Sufficient to Completely Retire
You can only verify your statement with a current 10K ... you should check the rules if you are confused ...
63M lol there are ; 500Million dedicated to the Stock Plan alone.
You really should fact check your information!
On October 13, 2015, the Company resolved to adopt the Employees, Directors and Consultants Stock Plan for the Year 2015. The purpose of this Plan is to enable the Company, to promote the interests of the Company and its stockholders by attracting and retaining employees, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the Company’s stockholders, by paying their fees or salaries in the form of shares of the Company’s common stock. 500,000,000 shares of common stock are registered to this plan at an offering price of $0.0001. The Plan shall expire on January 1, 2017.
Fully Reporting
Unfortunately that is a false statement ...
Why did you post that ... this is misleading since the reporting of this company is over 12 months in the rears and in danger of being delisted in the next quarter!
When they get current ... let US know please?
Is SOUM saying they will be getting current in 2017?
$ONE MILLION SHARES FOR $1$
And what does my total investment have to do with your arrival share price anyway?
Good point, it was an investment for me, and SOUM turned it into a game.
Have this company refund my $9900. and I will post happy faces every day for a month :)
If your treasure is this trash you should be very happy :)
Neither will this Stock!
Authorized share count is still 4.9 billion...dilution dilution dilution is the solution ...
Authorized share count is still 4.9 billion...dilution dilution dilution is the solution...believe a bunch of clowns that track record is awful since being public if you want...they'll take all the gains as they screw you with 100 times more shares issued than were public prior to 6 months ago. After that slam job they'll issue the other 4.4 billion left to issue. SWORDTRASH
Not really sure what we are holding now VV ... waiting on the updated filing to see what the "Impaired Goodwill" will be replaced with ... also on the SEC required audited financials from the Letter ...
Sooum, Corp. (PL) (SOUM)
0.00153 ? -0.00077 (-33.48%)
VVS-IG - Please post the link to your post that will verify 63M
63M lol there are ; 500Million dedicated to the Stock Plan alone.
You really should fact check your information!
On October 13, 2015, the Company resolved to adopt the Employees, Directors and Consultants Stock Plan for the Year 2015. The purpose of this Plan is to enable the Company, to promote the interests of the Company and its stockholders by attracting and retaining employees, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the Company’s stockholders, by paying their fees or salaries in the form of shares of the Company’s common stock. 500,000,000 shares of common stock are registered to this plan at an offering price of $0.0001. The Plan shall expire on January 1, 2017.
The Merger FAILED due to the SEC ruling on "GOODWILL"
On September 23, 2014 the Company signed a merger agreement with SoOum Corp., a Delaware corporation. Per the agreement, the outstanding shares of SoOum Corp common stock will be converted into 6,768,955 shares of the Company’s preferred stock. This transfer of stock will result in an eighty percent (80%) ownership interest of the Company. Upon completion, the Company will be the surviving corporation and SoOum will be a wholly owned subsidiary. At the date of merger, $480,000 goodwill was acquired and posted to the Company. At December 31, 2014 the goodwill amount of $480,000 was impaired (See Note N).
Form 10Q (Last filing)
[SOUM] NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Impairment of Goodwill
At December 31, 2014 the Company has evaluated the balance of goodwill and has determined that it has a value of $-0-. The Company has therefore impaired goodwill in the amount of $480,000 at December 31, 2014.
"Impairment charge" is the new term for writing off worthless goodwill.
WOW ... so you think with a new symbol, ALL of the past is forgotten and forgiven?
Really, this is not worthy of the time it takes to post it!
GREAT MOVE?
Again where are your facts coming from?
I have lost Over 98% due to the RS.
Why is this symbol the ONLY one you seem to be so optimistic about?
Why would anyone invest money in the dark?
No filing= no information!
How do you figure?
Until these questions are amended, SOUM may not file the 10K.
These questions MUST be answered in order to get current ... you really should double check your facts!
SEC Link to Final Letter SOUM June 15-2015
-
https://www.sec.gov/Archives/edgar/data/78311/000000000015031431/filename1.pdf
On August 12, 2015, the Company approved a reverse stock split of their common stock at 1,000 shares to 1
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11018745
My losses on SOUM YTD -98.60%
SEC Letter (Last SOUM Filing) June 15-2015 - Can't explain Item 6
Reporting goes dark!
6. We note here and on page F-16 that you entered into a merger agreement with SoOum
Corp. that closed on November 10, 2014 whereby SoOum Corp. transferred all its
outstanding shares of common stock to SoOum Holdings, a wholly-owned subsidiary, in
consideration for 6,786,955 of your Class B preferred stock. We note that you recorded
$480,000 of goodwill as part of this merger and that you concluded that this goodwill was
impaired as of December 31, 2014.
? Explain to us in more detail the nature of this merger transaction and how you are
accounting for this merger in accordance with FASB ASC Topic 805.
? Explain to us any relationships that you had with SoOum prior to the merger.
? Explain to us why you recorded goodwill as part of this merger on November 10,
2014 and subsequently wrote off the goodwill on December 31, 2014.
? Explain to us how you determined that you were the accounting acquirer in this
transaction. Refer to FASB ASC paragraphs 805-10-55-12 through 15.
? Revise your filing to include the disclosures required by FASB ASC 805-10-50.
Cite the accounting literature relied upon and how you applied it to your situation
Shareholder-yes-lost 98.60% on SOUM this year
So no answer to my question?
VVs iG What is your position with SOUM?
Are you only a shareholder or are you a promoter of the symbol?
Why do you pump and promote a company that is nearly a year old in reporting and in danger of being removed entirely.
4,990,987,648 shares of our common stock issued and outstanding as of March 15, 2015, which shares were held by 403 record holders.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9918895
4,990,987,648 shares of our common stock issued and outstanding as of March 15, 2015, which shares were held by 403 record holders.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9918895
Last report Sept.30, 2015 9 Months NO Update?
https://www.sec.gov/Archives/edgar/data/78311/000109181815000186/soum1117201510q.htm
No SOUM Report since ;For the quarterly period ended September 30, 2015
So there has been NO update for 9 Months.
Company
Registrant issued 440,000,000 shares of its common stock
https://www.sec.gov/Archives/edgar/data/78311/000109181816000240/soum031620168k.htm
https://www.sec.gov/Archives/edgar/data/78311/000109181816000240/0001091818-16-000240-index.htm
Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405
https://www.sec.gov/Archives/edgar/data/78311/000109181816000252/0001091818-16-000252-index.htm
March 15, 2016 the Registrant issued 440,000,000 shares of its common stock .
On March 15, 2016 the Registrant issued 440,000,000 shares of its common stock pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The offering was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares, the manner of the offering and the fact that the individuals that received the shares were officers and employees of the Company. In addition, the investors represented that they had the necessary investment intent as required by Section 4(2) and agreed to and received share certificates bearing a legend that stated that the securities were restricted pursuant to Rule 144 of the Securities Act. The shares were issued in exchange for services.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11260886
Inside an $80 million scam: The SEC's story of Dallas' Breitling Energy
http://www.dallasnews.com/business/energy/20160627-inside-an-80-million-energy-scam-the-sec-s-story-of-dallas-breitling-energy.ece
VVS-Well, they're not hiding the share structure ...
Just a FYI ... a company can say anything on their website ... It is the 10 Reports that hold the truth, or liability for lies!
As for the shares dilution ...
On March 15, 2016 the Registrant issued 440,000,000 shares of its common stock pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933. The offering was not a public offering as defined in Section 4(2) due to the limited number of persons that received the shares, the manner of the offering and the fact that the individuals that received the shares were officers and employees of the Company. In addition, the investors represented that they had the necessary investment intent as required by Section 4(2) and agreed to and received share certificates bearing a legend that stated that the securities were restricted pursuant to Rule 144 of the Securities Act. The shares were issued in exchange for services.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11260886
Why do you keep pumping false information about this symbol?
As I mentioned before, it becomes suspect when someone continues to promote a company (Your only posts) that is out of date and YIELD listed?
SEC says Chris Faulkner of Dallas-based Breitling Energy used fraud to fund 'lifestyle of decadence and debauchery
http://www.dallasnews.com/business/headlines/20160624-sec-says-chris-faulkner-of-dallas-based-breitling-energy-used-fraud-to-fund-lifestyle-of-decadence-and-debauchery.ece
Dallas Boys?
CLONEFAN are you a new fan?
I am curious?