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It's been over two years since ALLM was supposed to be
"in the black", or what's known as profitable:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=121589369
Why the long delay?
I guess we'll have to wait for the upcoming 10-K that's already late.
The 10-K is late.
Can't these guys get their act together for once?
AltEng, I hear you loud and clear!
Caveat Emptor.
"What's past is prologue" - William Shakespeare
<<Just a question...if the technology is UNPROVEN commercially, why a press releases that you were ready to build 150 plants in 2015? Why the press release that you were going to build 50 plants in 2016 with RRDA? Why the press release that you were going to apply your bolt on with Harvesting Technologies back end process in 2016? Why the press release that you were going to build a plant in California with Earth's renewable Energy and lastly, why the press release that you were going to build a plant in Georgia with Phoenix Biomaterials?>>
Magmar:
Those are all excellent questions. It shows that you
have logic and reasoning, which is the enemy of ALLM's management.
I throw one more in there, in 2015 they were supposed to produce
1,000 tons per day!
WEST PALM BEACH, FL--(Marketwired - July 23, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") announced today that its affiliate Carbolosic, LLC has entered into an agreement with PFL Petroleum Services, LTD to offtake all of the Industrial Grade Concentrated Cellulose Sugar Syrup the Carbolosic plants produce over the next three (3) years, once the plants are operational.
This agreement comes on the heels of Carbolosic's announcement last week that it has secured funding for five Cellulose to Sugar (CTS™) plants in the South Florida area. PFL has a long history in biofuel markets and gives Carbolosic access to the world markets for its proprietary Cellulose Sugar Syrup made from a variety of agriculture and yard waste.
Carbolosic anticipates the first plant will open in 2015 and will be producing Cellulose Sugar Syrup almost immediately. "Palm Beach County has no shortage of yard waste and this first plant should process upwards of a thousand tons a day," said AMG Renewables, LLC CEO Joe McNaney. He went on to say, "These plants could provide almost a million tons a year of fermentable sugars to the bio fuel and fine chemicals industries, without taking valuable food out of the market."
Under the terms of the agreement up to 144,000 tons of condensed fermentable sugar syrup per plant, per year will be bought by PFL and distributed into the world market. The agreement is for three (3) years plus extensions and could generate upwards of $112,000,000 in revenue per plant each year. Not only are non-food source cellulose sugars mandated by congress under Renewable Fuels Standard II; they also carry very important financial incentives from the U.S. Government to use them in Ethanol and Bio-diesel blending.
Aside from the Cellulose Sugars, the Carbolosic plants may eventually produce a variety of products including various fine chemicals such as vanillin and syringaldehyde as well as plastics, carbon fibers and lignin, all from the same agriculture and yard waste using Carbolosics patented technology. PFL will seek to offtake these products as well, once they are available.>>
http://www.marketwired.com/press-release/alliance-media-group-holdings-incs-affiliate-carbolosic-llc-enters-into-cellulose-sugar-1932072.htm
AltEng, you're welcome.
<<that is a beautiful fantasy, when is that going to happen,I have been in this for years waiting for that to happen and watched him dilute and bury us early investors.>>
bnch, exactly.
Phoenix Biomaterials is based out of a house
in Duluth, Georgia:
https://tinyurl.com/y7nynbjj
Who thinks that people are still going to fall for this?
Where's Earth's Renewables money? They're working out of
a condo in Newport Beach, California!
10-K will be due in two weeks.
That will be an interesting read for anyone whose interested
in the real story.
If you're not inclined to read the 10-K, don't worry I'll
post the important stuff!
Is ALLM down due to the AltEng's impending "Ides of March" report?
The Ides of March are rapidly approaching, and maybe market particpants
are worried about what will be exposed in that report?
Comments??
<<Pure Greed...that's all that it is. That's why it must be stopped.>>
Magmar, excellent points.
It's amazing how much we're being opposed by those who want to keep
their gravy train going. Their greed is off the charts at the expense
of the mom and pops.
Jokers putting in 100 share trades to jack the price up 20% or so.
What a joke!
Alitrade Partners - thank you for the information from The Economist.
So we now know that the majority of CFO's have CPA's or an MBA.
So since SeaFox0428 (who's Dan according to Valeria123 and AltEng)
doesn't have a CPA, where is his MBA?
Thanks in advance.
Does a CFO need to have a CPA?
<<A CFO does not need to have a CPA, CFA, or MBA designation. But of the three, having a CPA designation does help dramatically .
I've passed the CPA, and I can say that it is the most important designation to have if you're considering being a CFO. And having taken the CPA, CFA, GMAT, and MBA courses, I can attest that the CPA is the most exhaustive and comprehensive.>>
https://www.kruzeconsulting.com/kruze_qna/question/CFO-CPA-startup
Magmar, excellent points.
Alitrade Partners is trying to say that everything is under
control at ALLM. But we can see in their quarterly filings
that it's NOT OK - this is from their most recent quarterly
report:
<<As of September 30, 2017, management assessed the effectiveness of the Company’s internal control over financial reporting using the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control-Integrated Framework (2013) and SEC guidance on conducting such assessments. Based on that evaluation, the Company concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of its internal controls over financial reporting that adversely affected its internal controls and that may be considered to be material weaknesses.
The matters involving internal controls and procedures that the Company’smanagement considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) the lack of a functioning audit committee; (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements ; (iii) a lack of expertise with US GAAP and SEC rules and regulations for review of critical accounting areas and disclosures and material non-standard transactions; and (iv) lack of effective oversight during the financial close process resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures. The aforementioned material weaknesses were identified by the Company’s management in connection with the review of its financial statements for the nine months ended September 30, 2017>>
BS, Dan is a Director, the CEO, Acting CFO, President, Secretary and Treasurer - the ones in bold are typically CPA's.
<<He serves as CEO, CFO, President and accountant.>>
Magmar, excellent point!
So does SeaFox0428 (Dan according to Valeria123 and AltEngineer)
have a Certified Public Accounting accreditation?
Of course we know that the answer to that is NO!
How could anyone want to invest in a company with NO
expertise in crucial areas?
Acquisition Video:
<<IMO, the revenue of IDCC should be increased by 35m/Q roughly (in US) if the following is valid for future years..
In Q4 2016 alone, the patent licensing business – under the stewardship of chief IP officer Arvin Patel – generated revenues of more than €70 million>>
orientbull, thanks for the information.
That's only if Technicolor's IP revenues aren't lumpy like many
licensing companies.
Trading will resume @ 1:30 pm EST.
<<Consequently, the company expects the transaction to drive significant shareholder value, through the deployment of the acquired assets into both current license discussions and new license discussions in additional markets.>>
https://globenewswire.com/news-release/2018/03/01/1409339/0/en/InterDigital-Makes-Binding-Offer-to-Acquire-Technicolor-s-Patent-Licensing-Business-Will-Collaborate-With-Technicolor-on-Video-Research.html
InterDigital Makes Binding Offer to Acquire Technicolor’s Patent Licensing Business, Will Collaborate With Technicolor on Video Research
https://globenewswire.com/news-release/2018/03/01/1409339/0/en/InterDigital-Makes-Binding-Offer-to-Acquire-Technicolor-s-Patent-Licensing-Business-Will-Collaborate-With-Technicolor-on-Video-Research.html
Trading Halted - News Pending!
The sucker who bought 400 shares at 5.5 gets to
sell it at 4.4 cents.
This 'company' is a joke - when you buy at the ask (5.5)
you're able to sell it for 20% less at the bid of 4.4.
Alitrade Partners, how can you be happy when the stock
was down 6.67% on almost 1/2 a million shares?
<<This link says he makes $478k a year? How do you justify that with no earnings coming in?>>
Magmar, if that doesn't make an ALLM shareholder nauseous, I don't
know what does!
<<It appears that the dilution which has taken place during the past few months is over.>>
Alitrade Partners, thank you for the information.
However, I will believe it once you provide a detailed report
after the 10-K comes out that's due tomorrow.
And don't forget to tally up all of the NEW toxic debt - don't
just provide what was likely paid back with that new debt - that's
robbing Peter to pay Paul.
Magmar, holy smokes - how could ALLM possibly say that they would have
56 plants three years ago, but now they're saying that this process
will take years to perfect from NOW?
I think that SeaFox0428 (aka Dan according to Valeria123 and AltEng)
has some explaining to do!
Here's the press release that you referenced:
<<WEST PALM BEACH, Fla., Aug. 05, 2015 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB: ALLM) (the "Company") announced today that it entered into a non-exclusive development agreement with Renewable Resources Development of America, LLC (“RRDA”) for the construction and operation of up to 56 cellulose conversion plants both domestically and abroad utilizing the Company’s licensed, patented CTS technology.>>
<<They aren’t buying shares back.>>
Why do you say that?
Q4 Repurchase - 107,462 shares bought @ $71.56 =
$7,690,000
<<The share price
DOES lie, and often.>>
I agree - so does Jamie Dimon:
<< “The market is always wrong. The price-to-earnings ratio has always been wrong. The market is wrong right now,” Mr. Dimon said during a presentation at the bank’s investor meeting Tuesday.>>
http://blogs.wsj.com/moneybeat/2015/02/24/james-dimon-doesnt-sweat-j-p-morgans-stock-price/
Did Merritt just say to expect higher royalties for 5G licenses?
$500-$600 million revenue goal has NOT changed.
And that's even under the new accounting (606) rules.
IDCC's Hillcrest team helped facilitate the LG Settlement.
<<URGENT...ALLM HAS UNTIL 2/28/18 TO PAY ALL CURRENT AND BACK/LATE FEES TO CONTINUE TO USE THE CTS PATENT DEVELOPED BY UCF OR LOSE ALL RIGHTS. THIS IS PRETTY SIGNIFICANT BASED ON THE ENTIRE COMPANY BEING SUPPORTED BY THE THEORY OF CTS PATENT. ALLM IS BROKE, PAST DUE ON ENGINEERING FIRM PAYMENTS, LAWSUITS ARE FILED MORE DOWN THE PIKE. HOW DO BOARD MEMBERS SUPPORT THE MANAGEMENT BEING LED BY BEN SLAGER???????? FRAUD, DECEPTION, LIES. STOCKS WERE AT LEAST ABOVE 1.40 UNTIL S LAGER TOOK REINS. HE IS A JOKE. HE ALONE HAS RUINED THIS COMPANY.>>
Holy Smokes, someone besides Magmar telling the truth as to how screwed
up ALLM is!
<<you might also want to ask is there is an end to the toxic debt>>
bnch, excellent point.
I was also going to ask Mr Seafox0428 to do us a favor
and tally up all of the new toxic debt that will likely
be detailed in the upcoming 10-Q.
He would really doing his 'friends' on this board a helpful
service if he calculates that number.
SeaFox0428:
Since you've provided your opinion very recently (after a long
hiatus) can you please opine on today's matters.
I'm a bit flummoxed as to why the stock was down a staggering
28.29% today if things are so rosy like you recently said -
check here on the stock price:
https://www.otcmarkets.com/stock/ALLM/overview
Any help on the discrepancy between the market realities and
your subjective beliefs would be greatly appreciated.
<<Not a surprise...
the article just makes it official. CEO has known for awhile, just look at the PR he spewed moths ago blaming damage to the plant from Hurricane Irma. This was his opportunity to negotiate on his initial overbid, but he backed out instead. Why? Because;
* he could not raise the private funding needed to kick start the site...because...
* the technology will not work on the industrial level.>>
Magmar, excellent points.
They're spot on!
<<What a joke...>>
Magmar, I agree 100% with a little twist.
My 'twist' is that it's a sad joke that some people
actually thought that these men (and they're no women)
operate as legitimate businessmen.
<<What I found interesting in the charts was that there were no comments about projected future revenues, only comments about cash receipts from existing fixed fee licenses.>>
olddog967, I think that IP companies will have to be more analyzed
a lot more on a cash flow basis.
But there are also ways to provide non-GAAP 'revenues' - I've heard
Rambus talk about this. Also, I remember IDCC discussing it
extensively in an investor (not quarterly) conference call a month
or two ago.