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Someone broke into the "institutional" piggy bank and shelled out about $151 so far today (before commissions).... maybe insider Donna Harvey is buying more to "paint the tape"....or perhaps Banana Girl got her allowance this week....
That (uplisting to Nasdaq or NYSE) is not reasonable nor possible - look at just a few of the listing requirements which OWOO (even with Tonner) does not meet:
https://listingcenter.nasdaq.com/assets/initialguide.pdf
https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf
Awhile back, OWOO made a statement that they were "100% focused on uplisting" (OTCQB) - that was months ago - even with periodic surges in volume, they cannot even get off of the stinky pinkys listings (ref. $0.01 minimum requirement) - in my opinion, with even more dilution with a merger, lack of PR to push the Walmart rollout, the prospects are even dimmer with the volume needed to surge past $0.01 to reach what they need to uplist.
Donna loading up on another 3.8 million shares resulting in an immediate 32% loss on her investment....nice.....
Not all....Carolyn Austin, listed as one of the original shareholders, does not appear to be involved any longer. Here is Carolyn's bio: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83799200
More on her here: http://www.sec.gov/litigation/litreleases/2012/lr22501.htm
Page 12 shows Hines ownership of the preferred shares: http://ih.advfn.com/p.php?pid=nmona&article=69582125
Here is his bio: http://www.bloomberg.com/research/stocks/people/person.asp?personId=72958120&privcapId=45306014
Yes - WOW indeed....Director Robert Hines, former CEO of SEC suspended EVSO controls 25% of OWOO......
Wilma I. Delaney appears to be married to Joseph V. Delaney, subject of a lawsuit of another doll company.... http://articles.latimes.com/1990-10-10/business/fi-2086_1_american-patriots
The suit alleges that the companies and Delaney engaged in fraud and misrepresentation. The lawsuit, alleged that Delaney and the investment group's other officers and directors "systematically and pervasively defrauded shareholders, mismanaged and diverted Patriots' funds, abused corporate authority" and other improprieties. The suit also alleges that Delaney of Newport Beach, his wife and son received excessive salaries and other payments over a three-year period--a total of more than $700,000--while investors suffered losses of $881,000.
Just curious if anyone can verify the above is our same Wilma I. Delaney, board member.
"It seems everything is about Trent. OWOO has a full board, and CEO. CFO and a entire staff. Why all the focus on a founder??" - fair enough, let's start with Board of Director member, Robert Hines:
Robert Hines was CEO of EVSO - under his leadership, the stock was halted by the SEC for microcap fraud: http://www.sec.gov/news/press/2011/2011-120.htm
While also under his leadership, he hired Guy M. Jean-Pierre to run his legal opinions. The SEC dispatched that firm for similar microcap fraud: http://www.sec.gov/litigation/complaints/2012/comp-pr2012-257.pdf
Robert Hines also was in cahoots with Malcolm Burlson at Solarnomics: http://www.reuters.com/article/idUS131707+08-Oct-2010+BW20101008
Solarnomics evolved into Onyx which was also suspended by the SEC: https://www.sec.gov/litigation/suspensions/2012/34-66262-o.pdf
<sigh> - it is flawed statements like this from others predicting "$50 million" in sales: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117423250 that give the hype a bad name.
Even your more realistic sales of $2.5 million annually ignores the ongoing ~$5.7 million liabilities (not including another $12.8 million without the derivative liability), ~$2.4 million G&A (pre-merger), and $2.5 million interest expense - all of which is BEFORE any convertible notes hit the margin.
Nope - keep trying....that potential increase is still hanging out there in the event the note holders all convert....
But with respect to predicting the A/S count....not too hard to figure it out - plot these on a graph:
Date - OWOO A/S
4/11/2013 - 119,689
5/17/2013 - 120,134
8/13/2013 - 337,674
11/18/2013 - 1,098,148
4/1/2014 - 21,856,719
8/14/2014 - 25,880,330
11/12/2014 - 48,869,166
4/13/2015 - 251,253,580
5/19/2015 - 275,764,727
8/4/2015 - 367,134,423
11/19/2015 - 403,146,135
12/7/2015 - 422,125,005
Not exactly "slowing down" as some here have ascerted....
Nope - that 2.5 billion quote is straight out of the 10Q from the Company.
Yeah..."Plans Change"...
Aug 11 - "....at this time the company has no plans to increase our authorized shares above the current 500 million." - http://oneworlddolls.com/815ceoletter/
The above is a curious statement when the Company had already announced Tonner was in discussions to take a stake in the company and likely already knew that the impending merger was in the works as evidence by the eventual filing of the 14c a few short months later which also indicates the need for bridging financing of another $750,000 to cover interim costs - clearly even without the merger, money was needed to cover ongoing G&A and interest expense. As predicted below, that A/S increase would have had to have happened shortly after the 10Q came out:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117159032
My prediction was only a couple weeks off...
Yeah - funny you should point that one out - it was not just Trent, but it was also Ms. Melton who was named in that tax dodging suit - a mere $1500 bucks was due, and the judge ended up slapping them with interest and fines exceeding $4000 - a tax lien appears to now be hanging over them. This most recent (May 2015) is added to the list of creditors the pair owe money to (LG, Gel, WHC, Darling). They both have a mentality that the rules simply don't apply to them....a long history and pattern that keeps repeating...
Tonner's undisclosed alleged offer from Mattel is older (1999 - 16 years ago in the previous millenium....) than Trent's felony conviction
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100353229
"is this a good stock?" - depends...do you like mail order brides from Russia? Do you like CFO's that are also SEC recividists?
Why the surprise?...the company has a track record of teasers that never seem to come true (yet)...
Sophia for Obama 2012 Doll
Thelma from Good Times Doll
Vivica A. Fox Doll
Cartoon Series 2013
Cartoon Series 2014
Cartoon Series 2015
Share buyback
100% focus on uplist to QB
Oprah favorite things list
Tonner buying 9.89% of Preferred Shares
Next year we will be a whole different company
Buyout by Mattel or someone else in 12-18 months
Gotta get out of the Dilution Zone, Okay?
Plans Change.....
Still optimistic I see, even without Oprah?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117158054
Yeah....same ole' story....gonna pop...2 cents last month, 5 cents this month: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117452306
Unfortunately, Barbie has beaten OWOO to the shelves with a much more diverse line of dolls AND has Oprah's endorsement: http://www.oprah.com/gift/Oprahs-Favorite-Things-2015-Barbie-Fashionistas_1?editors_pick_id=60402
And not just blue eyes: http://www.amazon.com/Barbie-Fashionistas-Doll-Fancy-Flowers/dp/B014AHMMUE/ref=sr_1_5?s=toys-and-games&ie=UTF8&qid=1448389072&sr=1-5&keywords=barbie+fashionistas+2015
And at a fraction of the price....
And with clothing that is interchangeable with other doll lines with a standard size (as opposed to OWOO's efforts to go with a doll size that is not)..
game over....
Trent also said in another article in May that he had already "turned" OWOO into a million dollar sales (http://www.bizjournals.com/houston/print-edition/2015/05/01/how-i-turned-diversity-into-million-dollar-sales.html ) - this has yet to happen. Just because Trent says it will happen, doesn't make it so - otherwise wouldn't you think that would have been a tasty bit of info to include as a subsequent event in the 10Q?
As has been the case all along, "Plans Change".....or in this case "Plans Changed"
From the latest 10Q - Five months later, the Tonner deal (http://www.tonnerdoll.com/blog/news-social-media/tonner-doll-company-to-acquire-stake-in-one-world-holdings-inc/ ) does not appear to have been inked yet. The alleged deal for him to acquire about 10% of the Company with Preferred shares simply has yet to materialize. The Preferred Share count remains unchanged from the prior quarter.
If you exclude the derivative liability attributable to the convertible notes which fluctuates significantly based on the stock price - the total liabilities excluding this line item grew from $4.982 million to $5.684 million, or about 14% for the quarter.
More 10Q notes:
Subsequent to September 30, 2015, we issued a total of 10,468,403 shares of our common stock for debt conversions of $20,000 principal and $463 accrued interest payable.
HUH?? I thought the company was doing smarter/better deals for these types of convertible notes. The above deal equates to $0.00195/share (at a time the stock was trading between $0.006 and $0.008/share) - the World Class Management team is literally giving shares away at $0.24-$0.32 on the dollar!
Also, contrary to earlier reports, the Convertible Debentures actually GREW another ~10% from the previous quarter (from $1,964,171 to $2,056,261)
Also from the 10Q - "As of September 30, 2015, several of the convertible debentures are delinquent"
10Q results - A few things to consider and to keep in perspective:
2013 to 2014 O/S increased from 21.8 million to 251.3 million - an increase of 229.5 million over 12 months. We are now at 403.1 million, and increase of 151.8 million (9 months only).
The good news is that the company showed $885k in sales for the quarter, of which $861k was one major retailer (Walmart). Putting it another way, the grand total of all other sales to Amazon, Walmart.com, HEB, Fiesta, Dollgenie, Banana Girl, et. al. totaled only $24k, although definitely a bright spot considering the other 6 months of 2015 had grand total of $1572.
The bad news is that the gross margin of $347k for the quarter was quickly eaten up by $683k in G&A, $40k in R&D and depreciation, $692k in interest expense.
Potential convertible debentures still hang over the company to the tune of over 2 Billion shares.
As expected, the Tonner deal of acquiring just shy of 10% of the Company via preferred shares didn't happen. The number of preferred shares remain unchanged from last month. The good news is that Tonner's 5% fee does not appear to have kicked in on the Walmart sale.
The lawsuits have a few interesting notes:
1. Darling Capital original complaint asked for $57.6k in relief. The settlement (if you wish to call it that) resulted in the company agreeing to shell out $70k consisting of 4 payments (nice negotiating Sweet T!). As of the filing, only one $10k payment was made. The final payment was due yesterday, no doubt they are in default yet again.
2. LG Capital originally filed for $186.2k in relief. Because of OWOO's success in "protecting shareholders", that judgment is now a whopping $296.1k!!
3. No mention of Gel Capital lawsuit "settlement" in the 10Q which stated in the Courts the following: IT IS HEREBY STIPULATED AND AGREED: 1. OWOO agrees and shall pay to GEP the sum of $98,000.00 in three separate payments and subject to adjustments pursuant to the terms of this Settlement Agreement (the "Payments"), as follows: a. OWOO shall pay GEP the first Payment of $20,000.00 on or before May 21, 2015; b. OWOO shall pay GEP the second Payment of $45,000.00 on or before July 2, 2015; c. OWOO shall pay GEP the third Payment of $33,000.00 on or before August 13, 2015
Nice pic of the dolls below the potty training chairs - perfect setting for this turd!
Define "big"? $1000?
OMVS notes it has signed a letter of intent with Shipping and Transports, LLC out of Florida. S&T is a one man operation incorporated just this year and is run out of a West Palm Beach apartment by a Mr. Alfred O'Harra. This is the same guy that also started up another company in 2014 which was later dissolved a few months later named FLORIDA MEDICAL MARIJUANA CENTER, LLC. He appears to be jumping from one "hot topic" to another - his previous experience is running a shady operation called Fanstasy Sports R US, Inc. (http://www.fsru.com/ ).
No surprise...they were probably getting a hint of this: http://www.forbes.com/sites/walterpavlo/2015/11/17/serving-one-up-to-the-sec-this-bundle-of-otc-stocks-sure-looks-suspicious/
This is how others think of this stock: http://www.forbes.com/sites/walterpavlo/2015/11/17/serving-one-up-to-the-sec-this-bundle-of-otc-stocks-sure-looks-suspicious/
Wow! Getting some visibility! Nice find.
Thanks for the correction to my earlier statement
Sweet T's last CEO Live interview he specifically stated he was "100% focused on uplisting"
blame this on Trent - he put out the teaser about Oprah Favorite Things a few months ago trying to hype this up for a short term gain. Now the truth comes out that it was all hot air (or as some would say "plans change"). Couple this with the botched lack of PR for the Walmart rollout and impending financials which I predict will show very little margin on the products sold and you have this (stock price collapse) as a result.
not surprising at all....also not surprising is the fact that another scam they run, RBCC, also had the same auditor resign (see today's 8-K for RBCC).
I think the more important part of the financials will relate to the actual gross margin on that $850k in sales - that will prove not only that the contracts and deals are real, but also what the realistic expectations are in eating away at the large overhead G&A, Interest Expense, Settlement of lawsuits, ongoing advertising, new convertible debt, etc.