Might be small, but always like to see MAXM on the bid.

To me, the 10k will be key. With all of these documents showing shipping of product they must have revenues in the K or these shipments relate to another entity, guess we have a couple month wait to find out.

hopefully we get some juicy news prior to then to shed some light on the company's plans and the progress our new CEO is making

happened on another ticker as well right at same time, fat finger perhaps but fact it happened on 2 different tickers at same time is strange, perhaps L2 issues

I understood what was meant, i am just concerned with the "support" brought up as from an accounting standpoint they are not the same company or some form of revenue would show up in prior year filings

I hope I am just missing something but these items do not line up

You still recognize revenue as it is earned regardless of when cash is paid, cash collection has nothing to with revenue, and in addition you should at least see deferred revenue on their balance sheet until the revenue is earned.

Below is the annual income statement for 2013, the link you provided shows shipments from back in 2012-2013

http://profile.customs.alibaba.com/amazonia-florestal-ltda/2013031118679/shipments.html

If the companies are one in the same, how could they be shipping so much product but have zero in revenues?

http://www.otcmarkets.com/stock/AZFL/filings

Jan - Dec 13 Jan - Dec 12
Cost of Goods Sold
Timber Costs 169,400.00 0.00
Total COGS 169,400.00 0.00
Gross Profit -169,400.00 0.00
Expense
Advertising and Promotion 0.00 364.91
Auto Expense 0.00 1,255.83
Bank Service Charges 124.26 854.29
General and Administrative Expe 27,827.00 0.00
Insurance Expense 0.00 26,000.00
Licenses and Taxes 0.00 910.65
Meals and Entertainment 0.00 2,775.76
Office Expense 57.60 1,595.74
Postage, Shipping & Deliveries 0.00 246.92
Professional Fees 475.00 44,253.00
Rent Expense 0.00 476.15
Telephone Expense 0.00 507.17
Travel 6,060.51 8,204.95
Utilities 0.00 1,752.02
Total Expense 34,544.37 89,197.39
Net Income -203,944.37 -89,197.39

Revenue and cash are not tied to one another, unless following the cash basis of accounting which GAAP does not allow.

Revenue is earned either once the items hit the loading dock or once the customer receives depending on shipping terms (FOB Origin, FOB Destination). Cash payment merely flips the balance from AR to Cash on the balance sheet.

Not a basher, I'm a CPA, currently hold 2M as i see this as a good spec play.

But the files you are showing detail shipments made in 2013, if the shipments were made when they are stated there should have been revenue recognized in those years as all criteria per GAAP would have been met unless collectibility cannot be ensured. So the only reason to not recognize revenue would be they are never going to get paid.

yes but if you shipped product in prior years, shipment means revenue has been earned, so should be recognized in income statement

just brings into question the validity or relation of these BOL's as they do not show as revenue for AZFL, I am a holder but this makes me question this DD

problem with this info is, if they were making shipments why no revenue?

All i care is the sharing of accurate info, this game is hard enough for the little guy but I have been lucky to be a part of a few boards that have facilitated a win for the little guy against the MM's.

All of this misinformation is only bad for everyone and only helps the MM's. Lets all join together and go for the 100x not the 10-50%

Agreed, always good to be skeptical with these plays and a reverse split is the only thing at this point that will cause it not to spike, otherwise it will spike and we can all make some money.

Now, if what the company is saying is 75% true then yes pennies is where we will land. But otherwise just with parital locked float and some well placed news and .006-.008 is easy

So far everything has been on the up and up and management has given us just enough in my opinion to want to stay for the ride.

Merger complete
Appears to be no R/S, even talks of buy back
they have contracts (means there are revs)
they Hemp info has been verified by many including myself
8k no later than end of month

what else at this point would you want, they are not going to start PR's about actual business until the 8k is complete as they is a hard deadline required by the SEC in order for the merger to be completed and company to be reporting, no reason to put cart before horse

And, not that it matters as it is just a shareholder letter but they reinforced numerous times that they want this "loyal" shareholder base involved.

Now it can all be window dressing, but from my experience when a company is reverse merging and planning on a R/S they don't say anything to current shareholders and are tight lipped about everything.

The fact that they expressed thanks and well wishes and are keeping us in there plans at least gives a little goodwill that they do not plan on R/S at this point, they may see the benefit in having a loyal shareholder base upfront.

idiot, super 8k must be audited per SEC guidelines.

So i guess you just lie in all your posts

doingfine Member Level Tuesday, 12/30/14 04:13:10 PM
Re: SooS416 post# 34727
Post # of 35633
Grown tired of penny bs.. Pick up some 3s here for yourself. Good Luck .... Later.


doingfine Member Level Tuesday, 12/30/14 04:15:36 PM
Re: SooS416 post# 34730
Post # of 35633
Have 1750 shares of apple. Im out.


I have never stated that I am out and do not need to post my holdings except to say that I am indeed holding at least till the 8k

wait you sold 10M today, thought you were already out of shares on Wednesday? Man you talk out both sides of your mouth an awful lot, must be hard to keep track of

Ron, if in response to me i was being sarcastic as the 3's want to be loaded hard. Which is the reason for the peanut gallery that has set up shop on the board

3's a little light today only 133M on the bid

Have you ever bought a shell to go public or completed a reverse merger? Did not think so, there are many factors that go into what shell to purchase including, purchase price, share structure, debt and ease of bringing it current

It is possible that the price was right, share structure agreeable and ease of bringing it current was positive. Add to that potential negotiations with debt holders based on the new company and the deal might have been better than a shell with no debt.

Some shells out there with little to no debt are so far gone that the effort to bring current could take years and tons of money.

Flippers be flippers, this is tough board to mess with though as a lot of smarter fish in this pond

susan can spend new years with me, more than happy to be her sugar baby

Susan Sjo is Founder and CEO/CIO of St. Esprit, a consulting and Asset Management firm. She is also a partner at Geneva Fund Partner, LLC, a global hedge fund manager. Prior to forming St. Esprit, Ms. Sjo managed Sjo, Inc. a successful international Hedge Fund and CTA and STACK Capital, LLC, her Family Office. At St. Esprit, she and her team have developed new, dynamic and elegant alternative Multi-Strategy methods that translate into superior risk-adjusted returns.

From 1987to 1998, she founded and built Sjo, Inc., a Hedge Fund Manager and CTA with over $350 million under management. Sjo, Inc. was ranked by assets in the top100 CTA’s and often ranked in the top 10 Trading Firms for performance. She started her career as a Junior Economist with the Federal Reserve Bank before working at several prominent trading firms specializing in fixed income arbitrage. During this time, she developed a quantitative trading program that resulted in the development of Sjo, Inc., a Global Macro Fund Manager, specializing in international fixed income investing.

Her successes resulted in being named to Crain’s Annual Young Leaders List, 40 Under 40, and Sjo, Inc. as Best Commodity Fund Manager in 1991 by Business Week.

Susan has served on the Board of Directors of the New York Board of Trade, the New York Cotton Exchange, the Advisory Board of the FINEX Exchange, the Managed Funds Association, Barat College, and the environmental charity, Sustain.

Nope seems those are happy with 4's which is where i purchased a majority of my shares. Still not giving up all gains from initial run which is good, strong support at 3-4

you act like your way is the only way of trading to make money, I don't need to make money to pay the bills as i make a decent check for that with my real job. this is for making money to payoff the mortgage and more than happy to wait for the 10x-100x payoff and do not care about 10-50% here and there.

To each there own but there is plenty of info out there to get an understanding of the potential of this company which has nothing to do with the SWRF shell. Susan Sjo's involvement alone gives me confidence that things are on the up and up as her reputation is quite extensive and has much more to loose than anyone posting on ihub.

yup and your still here for some reason, doing your civil service letting us all know that you are the all might and have all the answers. Why don't you open up a hedge fund and i will give you money to invest since you seenm to know sooum much

So i should listen to you? Why? who was i duped by my own DD? Why would i sell now before the company releases an 8k detailing their financial position.

From what i have been able to uncover the company is making deals and is not a scam. The only reason to bail is if you feel the company will R/S out the current shareholders, that is the only concern in a reverse merger

Correct that was sold to Sooum and have successfully completed a revere merger, thanks for stating the obvious

IMO, they are just using Dok as ammo to cause sell off. As he is the most vocal and visible people feel if they can discredit what has been said it will allow them to load at 3

Which looking at the ever increasing bid at 3 might be hard to come by. Over 200M on the bid

Go to linkedin and look up Phillip Micallef

Needed: Industrial Hemp - Destination: Port Galveston, USA. Quantity 100 MT trial order/monthly recurrence. Contact me immediately - phillip@sooum.com tel: +356 9988 7901 www.sooum.com

The info is out there and not fabricated

Agreed, they are trying to load 3's and gave up on prospects of 2's which is why bid has continued to stack over last hour

Almost 200M on the bid at 3 about 19M on the ask at 4

Again the hemp info was verified by multiple people including myself, did you not attempt to go and find it yourself?

Hemp info was actually verified by multiple parties including myself and the news was released as stated so thus far what has been said is coming to fruition

Lets see we have about 7-10 posters who show up right after large block sales today who have not contributed to the board at all in days/weeks.

Now they all show up to tell us that a R/s is coming and sell now.

where were you ar 6,7,8 telling us to sell? Oh thats right, you were all saying buy then.

Yup and what does that tell you

Yup and its all retail, all Etrade doing the dumping which means nothing for long term prospects of company.

must be blood in the streets, the leeches are starting to come out. And they want to load 3's

is that you on the bid at 3?

Someone wants there 3's filled and is trying to get some action going on 4's tp be taken out

There has been zero dilution, it ran from .0001 to .001 a 10x on the confirmation of rumor. We are now in flipping mode until the 8k or other material news is released.

Sell off was those taking profits, fact that we have bottomed at .0004 and not back to .0001 is very telling that this will run again and much farther then .001