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you forgot to include these that are included in that 1000 dollar price
"Activites
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Since the shares werent considered a divi but just gifted restricted pref shares with a set redemption value it isnt a liability because technically the shares dont have to be redeemed by shareholders for the co to carry the liability of it?
Supposedly the Ocean Star Pacific sold on 5/20/14, idk if really pertains to us
since it wasnt considered a dividend isnt it not put on the liabilities at that point?
you couldnt tell somethin was up with the trading?
Theyve been diluting the piss out of it
yeah buddy, I sold yesterday 35% loss
My understanding those numbers are usually just new shares hitting the market.
But one thing that is good for this last week is that the short volume on otcshortreport.com is relatively low. Now I know thats not short trading being done, but one thing I learned from you not too long ago is that new shares hitting the market show as short volume. Which makes complete sense really looking at it, just the days showing on the site starting at May 7th is a heavy short volume all the way down to the 23rd the day of that 1.8 bill dump followed by 146 million shares 100% short volume the next day all 1s, which would be more new shares. Then the short volume dwindles down to the 30th where it had 3% and a share increase that day. Looking at many OTC tickers that seems to be the pattern with the short percentage, its really just new shares hitting the market. So a lot of 1s this week have really been just frustrated people dumping their position, receivers of certs dumping their position now that they have the certs. If it continues like that and the chart keeps showing a steady climb the 2s will drop end of next week.
Idk how too much of this works really fairly new to it all. But what were doing right now is a debt reconstruction right? Issue the preferreds to preserve shareholder value and dilute the stock converting debt into commons eliminating liabilities. now with the preferred distribution our shareholder equity value should go up 4 million dollars and hopefully see a substantial debt decrease. Should that alone not force this stock to go up? Wont there be too much money? Or do I have this confused?
Makes you feel any better still waiting on mine but my dad received his a few days ago and lives in same town.
Anyone notice the amendment in florida registry deleting kerry as secratary on 5/19 but also adding Jason as director?
Thats just a product for companies to use? Maybe OTHM and Daystar decided to integrate it? What us the explanation of the Hotel marketing by Ovee on this website http://www.cancionesdelmar.com/
that links to hotelsbypure
oh what company was it?
Im not just reading PRs. I think their online booking system has a bigger presence in jaco and cr then you think.
So its really Hundley Associates SRL LLC is what your saying?
did find the last line here interesting also
"Oriens Travel & Hotel Management Corp. (OTC: OTHM), the Next Generation International Hotel Brand Operator, operating its HotelPURE brand, recently announced that Hundley Associates – a major developer in Costa Rica– has contracted Oriens to provide its new $20 Million 5-Star, 80 room themed hotel (Club India Casio & Resort) with online marketing and internet booking services. This gives Oriens the ability to provide high level hotel booking and online marketing services to a seventh property in Hundley Associates’ holdings. This will better position OTHM as a huge player in the online hotel booking industry within Costa Rica; especially those territories quickly becoming dominated by Hundley Associates within Central America.
Oriens also recently announced that they have conducted tests of its PayPal and Google Pay integrations at five condo hotel properties: the Bahia Encantada, Bahia Azul, La Paloma Blanca, The Palms and Diamante Del Sol. In addition, OTHM announced that the Canciones Del Mar achieved 1,000 reservations in a relatively short period of time using Oriens’ online booking reservation system. [All mentioned hotels are located within Costa Rica as part of Hundley Associates’ subsidiary holdings]"
The merger would solve hundleys problems imo. I think Hundley created Hundley Associates SRL (which is just an LLC) to purchase property under the corp and not his name personally, and a Costa Rica entity smart move by him. If they merged the people that invested in hundley and didnt receive company shares could then receive shares in OTHM and the assets be put on othm books? Their AS were almost maxed out and all issued until 900 million shares were returned by an officer a couple months ago.
What are your thoughts on where Daystar had originally gotten the Oceans by Daystar brand?
Well Im sure after all this time a few posters on here wouldve complained to the SEC and they wouldve taken a look. Why do they still trade?
Their old website oveetech.com goes to hotel pure.
OTHM assissted daystar with hotel branding when it was Oceans by Daystar. How do they not have a relationship?
Look back to last year? the LOI was announced this year? And the company has said the acquisition stemmed from the original LOI, so yeah sure i guess your right that particular deal didnt go through. If they have connections with Hundley they have connections with costa rica.
"Another rumor that seems to be coming more into the reality stage is that the other partners are performing an internal audit to sort out the financial mess that Hundley left in his wake. A cleaning house may be in order……"
OTHM doin same thing
Their letter of intent was to acquire a property which i believe they have begun. Might not be one of their 5 on daystars website. Wonder if its breakwater point. How it there no connection between OVEE and OTHM? Ovee now leads you to Hotel Pure. Their CEO is Hotel Pures Tech Operator and tech provider for daystar, and I really doubt Daystar or anyone has discussed anytthing with you as Hundley is very private, and which is what they use as replies. Ovee Technology is now hotel pure in my opinion. Daystars whole Ocean theme before was from CP Hotel Group helping them with a hotel brand which was/is idk a branch of OTHM.
as long as theyre selling off the principal debt amounts if it goes no bid long enough and nobody will buy 1s the holders then can them RS i think? But i guess it could all get eaten up until its all sold off, hell look how st_bv and him_r have traded and people still buying em up. The question is once the books are cleared up do they have a business plan put in place to properly utilize a new slate on the books and split stock, even if its just a buyout
It could maybe run still here soon for a little bit but how is this a buisness plan?
The objective, moving forward, is to insulate the stockholders from past, present, or
future dilution in the open market by providing these anti-dilutive securities as a dividend payment. These derivatives are
restricted for one year, will turn into a predetermined amount of common stock through issuance resolutions on the part of
Management, and convert at the par value of the public company. Pending FINRA approval, more clarity will be available on the
record date for this corporate action.
The next step in the initiative is for the Company to use these convertible preferred securities as currency to exchange or novate
its derivative liabilities that exist on the financial statements in the form of affiliate and non-affiliate debt. The Company
anticipates that much of its principal affiliate debt will be retired for these instruments, while the interest will be converted into
restricted common stock . The defaulted interest portion of the mature, secured, third-party non-affiliate debt will be assigned
and converted into equity by their bond holders to remove any future compounding derivative liabilities on the balance sheet.
Are they just flipping shares places to reverse the books, if thats the right term to use? the preffereds issued before march are to ensure previous shs value but also to take away from the liabilities. Protects from dilution to come and then the split. All the debt is being turned into commons now. At least ? Anyone thats buying now after the divi date is just buying the debt up. But I guess the books will look really good once it splits in a few months. Not saying cant make a few 100% until then
I did think this comment by the company was funny though lol
"Telecorp’s strategy is to eliminate all the debt as quickly as possible so that after that the preferred
stock holders can convert into common stock. We have cleared a lot of debt with more to come"\
"Most important the preferred shares will protect each investors original investment amount" He means from a R/S with that imo...
Yeah I take back my last statement just saw this
OUTSTANDING SHARES = 7,468,047,869 as of May 27th, 2014
AUTHORIZED SHARES = Unlimited
i do see they issued a billion more shares though, but float says 1.2 bill still but was in march, i dnt really know anything bout the company here just stumbled across it
I would just be really worried about them maxing out the AS when they are issuing convertable preffereds....if the AS is maxed out it has to split
No not exactly, but they are generating zero revs no?
AS almost maxed out, theyre issuing pref shares as divis to holders that are protected from a RS
Daystar uses the booking system. Melvin Pereira was the CEO to Ovee technology which when looked up now links just to hotelsbypure. Hes also the Chief tech officer of Hotel Pure now (idk for how long has been) and consultant and technical provider Daystar Properties which would explain daystars usage of it.
Huh...almost makes sense..
Just thought about this...was Hundley never the merger target to begin with just the acquition of a property and the merger was Ovee Technology to help them tweak with the online stuff?
Costa Rica with their "pure life" motto would take the hotel pure brand well. If someone sees money making potential its Hundley. And he has really done a lot for that community...i dnt think the people should be quick to judge him on the charges until court rulings
I think the acquisition is real. Daystar already uses their online booking system on their properties so there is a relationship there. Along with employee connections and what not.
Some facts about OTHM to consider
Oriens is claiming a daystar property acquisition.
clicking the link in the last message of mine and clicking hotel management by Ovee, which when clicked takes you to hotel pure.
Ovee Technology Ltds past CEO is now an independent consultant for Daystar and Chief Technology officer for Hotel Pure
Google Ovee Technology the first link is hotelsbypure.com
http://www.cancionesdelmar.com/
Bottom of the white square click Hotel marketing by OVEE (idk whats up with the OVEE) but links you to hotelpure
nah itll keep slowly increasing as more impatient traders put some on there wanting funds for elsewhere. I dont think we will see over 700 mil on it anytime
im not saying .001 is anytime soon lol.
week or two itll be eaten up, we already did this at the beginning of year
But I do agree with you to an extent. Trade pinks for sure, but I think selling off your holdings some into green and getting money back plus little more and still holding a core postion is achievable.
And thats why were at the price were at now. Those kind of factors take quite the toll on a start up company that needs a sustained PPS to insure financing