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TONR is dead:
Beware of others touting alleged new financials, merger talks, being the next MJ stock etc.
Here are the facts:
1. TONR as a business entity no longer exists - its business license was revoked having failed to submit any required filings since 7/18/2017: https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Xx%252bPwfoZNXPK6f4%252fvq7E2A%253d%253d&nt7=0
2. Any assets/shares that TONR had were forefeited in court proceeding in a default judgment to creditors:
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=ygq/5jqedJBcT5QYMzl2uQ==
3. Alleged press releases on April 2 regarding retirement of 1 billion shares (https://finance.yahoo.com/news/tonner-one-world-announces-retirement-140000733.html ) and July 31 regarding alleged mergers (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142586308 ) and soon to be current financials are bogus. The company's official twitter site confirmed that these releases were in fact unauthorized:
The recent press releases from April 2 and July 31 under TONR ticker symbol were not authorized by the Tonner-One World.
— Tonner-One World (@oneworlddolls) August 1, 2018
More bogus pump and dump - the company officially refuted this rumor several months ago: https://mobile.twitter.com/oneworlddolls?lang=en
TONR is out of business - their license has been revoked: https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Xx%252bPwfoZNXPK6f4%252fvq7E2A%253d%253d&nt7=0
Ok - I’ll bite at that - what exactly is the story? Any unicorns and rainbows?
So since he is gone, we can’t rely on his public press release statement that they are not considering a R/S to grow the company?:
https://www.google.com/amp/s/www.accesswire.com/users/amp/viewarticle.aspx%3fid=488859
The Digital management team also indicated that the company is not looking to do a reverse split now or in the future. "Whenever a company moves in a new direction, talk naturally turns to questions about a reverse split," says Scorzelli. "We simply don't feel it will be necessary with the plans we have for DUTV. As we move forward, it is our hope shareholders feel confident in their position with the company both now and in the long run."
Can someone bring me up to speed - what happened to ex-CEO Pat Scorzilli? Is this the same busted guy?: http://www.sentinelandenterprise.com/local/ci_15584952
Actually they are a reporting company as required to be Pink Shhet qualified: https://www.otcmarkets.com/files/OTCPinkGuidelines.docx
You are missing the point - parsing the argument as to whether it was a handshake, put in crayon on a napkin, telepathy or other - at the end of the day, this sort of deal is clearly a material "big" announcement for the company, no?
Assuming you agree with this premise, by regulation since the company did not disclose on its 10Q, it was required to submit an 8-K:
Subject to certain exceptions, a Form 8-K must be filed within four (4) business days after the occurrence of the event being disclosed. No extension is available for an 8-K. Companies file this report with the SEC to announce major or extraordinary events that shareholders should know about, including entry into material agreements,; mergers and acquisitions; change in control; changes in auditors; the issuance of unregistered securities; amendments in company articles or bylaws; company name changes; issues with reliance on previously issued financial statements; changes in officer or directors; bankruptcy proceedings; change in shell status regulation F-D disclosures and voluntary disclosures (voluntary disclosures have no filing deadline).
It is plain english - not sure how you can spin it any other way - Maurice states explicitly they have entered into a partnership (re. deal is done, contract signed) and that under this agreement (re. "contract") that DUTV will acquire 47.5% if LTC. That is a commitment by the company to expend funds to meet the terms of this agreement - it is a material financial commitment that should have been stated in the latest 10Q. Specific text of the press release [empahsis added]:
October 03, 2018 (ACCESSWIRE via COMTEX) -- BOSTON, MA / ACCESSWIRE / October 3, 2018 / Digital Utilities Ventures, Inc. (otc pink:DUTV) is pleased to announce it has entered into a strategic partnership with Lakota Tribal Cooperative, LLC (LTC). LTC was created to become the largest grower of commercial hemp in the United States. Their ambitious plan includes the planting of 10,000 to 20,000 acres of hemp in the Spring of 2019. Under this agreement, DUTV will acquire 47.5% of Lakota Tribal Cooperative, LLC in exchange for an investment of up to $50 million.
Expecting a reverse split?
Yeah - you would think a “strategic partner” that plans to infuse up to “$50 million” for net revenues “in excess of $400 million in 2019” for imminent “spring planting” might be a footnote somewhere in the financials seeing how it was fresh off the PR press releases.....or at a minimum show DUTV’s +/-47% interest in the “executed” strategic partnership somewhere on the balance sheet....”pesky” indeed...
Another example of false and misleading press releases that I believe the SEC would have an interest in:
Digital Utilities Ventures, Inc. Acquires Controling [sic] Interest of CBD Producer, Nature Science Health, Inc.
October 22, 2018
https://www.accesswire.com/525911/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc
Specifically this definitive statement by Maurice Stone:
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun."
The above statement is problematic for Maurice - it clearly states that they are on target for sales - meaning that as early as October 22, 2018, the company was already making product sales on a pace to equal $5 million. The funny thing about financial reporting is that one can readily catch up on this statement to see if it is true - the latest quarterly report, ending Nov. 30, 2018 (filed on Jan 21, 2019) shows ZERO revenues. Even the "subsequent event" showing a sale of products at $204k at the beginning of December is well shy of this mark and does not factor in ongoing cost of sales, depreciation and interest accruing at an alarming rate.
Also noticeably absent from the financials is any mention of the Lakota Tribal Coorperative announced the month before the financials were submitted - clearly one would have expected a short blurb about the deal since Maurice is counting on being "fully engaged" with them and for Spring planting to begin in just a couple months. This is especially curious because Maurice's press release from Oct 4, 2018 clearly states "[DUTV} has entered into a strategic partnership with Lakota Tribal Cooperative, LLC" - from this statement it appears to be a done deal - WHY isn't this stated in the financials???
Fair enough - and thank you for acknowledging that people will believe what they want to believe by creating a storyline that fits their narrative, even if the simpliest of answers are more plausible.
The Amazon hyperbole is mine but seems to fit the narrative about how this tiny company can grow to $400 million in net revenues THIS YEAR (2019). One can dream I suppose...exactly "how" they will they make this happen is up for debate - surely not on Maurice's track record. His only accomplishment was getting "Climate Change Ambassador of the Year" award.... http://aaenvironment.blogspot.com/2009/05/nbcc-climate-change-ambassador-maurice.html
The analogy is like the O.J. trial - you can convince yourself of a fantastic story line where the stars have to align and believe a series of coincidences and many players conspiring to concoct a storyline that fits the narrative or in the alternative, you can look at the more plausible story line (O.J. did it by himself).
This is not the "next Amazon" of the CBD world.....
No disrespect to the shareholders that in my opinion have been duped - it is just all the more reason why the SEC will have a reason to suspend this operation - clearly investors believe what is being spoon fed to them by the Company by what I consider to be false and misleading public statements.
The issue is the misleading statement that these are anticipated 2019 net revenues. Assuming they can get funding, how does a start up company with no revenues suddenly gear up for a $2 billion operation without a signed deal, without staff, without a scalable distribution sales network, permits, capital investment for equipment to grow the crops, time to sufficiently grow the crops (spring planting is just a couple months away), process the CBD, and enter a marketing campaign to sell all this product. You basically have a 3 man operation - again this does not pass the laugh test.
Some here may prefer to think a more exotic charge against the company for RICO cases etc will be the demise of DUTV. The reality is that the SEC and State OAG offices are not going to be motivated to spend time and resources preparing for such an elaborate charge against the principals.
The more likely case that does not take much of any effort are the false and misleading press releases that the company has already put out. In fact the pro-ihub posters here point towards the tremendous upside for the Lakota deal as a reason they have faith in the Company and presumably have bought large amounts of shares based on those public comments. Perhaps the most troubling and problematic press release for the Company is this one making all sorts of forward looking statements:
https://www.marketwatch.com/press-release/digital-utilities-ventures-inc-makes-strong-move-into-hemp-market-with-lakota-tribal-cooperative-llc-2018-10-03 :
Based on current market conditions, we anticipate generating approximately $90,000 gross revenues per acre based on harvesting 1,700 plants per acre, which translates to approximately 10-kilos of CBD distillate per acre. We anticipate NET income from the 2019 crop to be in excess of $400,000,000
Just taking their math at face value, lets give them a generous first year net margin of say 20% after operating costs, this translates into $2 billion in GROSS revenue for a deal they have not even closed, nor have they any idea how to raise capital to even begin a venture like this, let alone gross $2 billion in the first year. It doesn't pass the laugh test. Worse - it puts forward looking statements out in a press release which in my opinion will be an easy slam dunk for the SEC to suspend this scam in an instant.
For those that are unfamiliar with Maurice Stone's history, he was CEO of a number of companies (6 in total) that were suspended by the SEC. Here are some examples of what the SEC went after for a few of his companies:
https://www.sec.gov/litigation/complaints/2012/comp22501.pdf
http://roatanislandtimes.com/articles/onyx_roatan_solar_power_project_dumped
More DD for you:
Dakota Max, LLC (beneficial owner of DUTV) has a corporate headquarters here: 1712 Pioneer Ave Ste 115, Cheyenne, WY 82001
If the address sounds familiar to you, it should if you follow penny stock scams:
https://www.reuters.com/article/oukwd-uk-usa-shell-companies-idAFTRE75R22L20110628
https://www.ftc.gov/sites/default/files/documents/cases/131119yellowpagescmpt.pdf
You are welcome - sorry to lay that turd out there - been following Mr. Stone for years. He is a known habitual SEC recividist. One can play this stock for a day trade - but once a suspension comes down everyone loses (except Maurice and his fellow miscreants). Good luck with that.
Just in case you missed some DD on Maurice Stone...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=77219962
bustingscams70 at Yahooo
Still lurking....
So up to 5 years in jail and $250k fine?
Stick a fork in it....TONR business license revoked: https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Xx%252bPwfoZNXPK6f4%252fvq7E2A%253d%253d&nt7=0
Do you believe in Russian mail order brides too? ....
Condolences to you:
Clearly you did not get the memo:
The recent press releases from April 2 and July 31 under TONR ticker symbol were not authorized by the Tonner-One World.
— Tonner-One World (@oneworlddolls) August 1, 2018
Don’t be naive - the only thing they “knew” was a fake news release to pump the stock - what they didn’t count on was management taking a pee break (after 4 months) while gambling at Freerolls.com and noticing someone hacking the company PR.
Sweet T has outdone himself....this is better than making the Oprah Christmas wish list....."gotta get out of that dilution zone, ya' know".....can't wait for the next 750:1 Reverse Split when appointing Mr. Potter as the new CEO of FreeRollsDollCompany.com
TONR=TURD
Epic Fail!
....sigh.... - yet another amateur hour "news" release from the clowns at TONR. Digesting what was REALLY said:
"....commencing the filing of its pre-merger financials with OTC Markets today, and that the Company will begin work on corporate actions with the State of Nevada & FINRA in order to institute Name and Ticker Symbol Changes." - HUH? Translated: we are thinking about a merger, so we are going to think about beginning to file "PRE"-merger financials and sometime soon we will begin to bring our Nevada default status back to current (ie we will pay the nominal fee that we let lapse). No specifics, just good intentions I suppose to someday, maybe, pre-file, string you investors along, blah, blah blah....(meanwhile, the previous announcement from 4 months ago of retiring a billion shares is noticeably absent from this announcement).
"The board of directors of TONR commented..." - the UNNAMED and presumably NEW BOD.....
"we are comfortable announcing that we do intend to apply for a Name Change and Ticker Symbol Change with the State of Nevada and FINRA...." - glad you are "comfortable"...why bother making a statement like this? What purpose does it serve to tell what your intentions are if you do not actually have news to report that it is actually completed?
"we believe we have done the proper steps to be successful barring any unknown issues that may arise." - plausible deniability clause....
"Through all these changes we hope to be able to keep on growing our company and to create strong shareholder value." - keep on keeping on....yeah, right....
Tell us more about your inside information about a merger that has not been announced? While you are at it, when is the promised update on OTCMarkets.com and the 1 billion share reduction announced almost 4 months ago?? Nevada records still show company is in default - who in their right mind would want this hot mess?
TONR = TURD
We all know about the last 750:1 reverse split got us....”got to get out of the dilution zone, ya know”.....
Three months and counting. I guess it really was “fake news”....
TONR = TURD
Latest on Trent and Joanie’s gamble: https://www.stopillegalgamblinghouston.org/single-post/2018/04/22/Freerolls-Poker-Club-Misrepresenting-Police-Interaction
Hard to believe we are coming up on two years without any financials: http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11556964-1098-112403&type=sect&TabIndex=2&companyid=33696&ppu=%252fdefault.aspx%253fsym%253dTONR
Two months and counting. No share reduction, no financials, still in default in Nevada Business records, no CFO, not a peep out of the Company. All lies.
TONR = TURD
Couldn’t find anyone to break a $10 bill?
Don’t hold your breath waiting for Pennystock-boy to respond as he appears too busy typing in ALL CAPS, BOLD with three ”!!!” on each post touting his other turd picks: WNTR, PTSQX, TGGI, MINE, ELTZ, CMPY and a host of other sub-penny dogs.
Interesting theory but Robert has no incentive to take over the debt and liabilities of this turd. He already called off the merger long ago. No....the faux conference call was yet another weak attempt by Corinda and Sweet T to milk this for another round of duping investors
Perhaps you should have labeled your post as “Off Topic” - One World Ventures (OWVI.pk) has nothing to do with TONR.
Regarding TONR becoming current “soon” - that promised news is STILL stale (4 weeks and counting) - OTCMarkets and Nevada Corporation filings still in default and delinquent.
Remember that (2nd) conference call that never happened on October 16 2017 that promised updates on company progress on Doll sales and marketing initiatives? We now now that even before that call on October 9, 2017 that Corinda had inked a deal to abandon ship for her Freerolls gamble: http://www.secinfo.com/d1Ketr.jd.htm
Sorry about that - ancient (20 years ago!) history for Janice and I: https://www.sec.gov/divisions/enforce/extra/lr17144complaint.htm