View Oscar Brito’s graphic link Oscar BritoOscar Brito • 2ndVerified • 2nd President @ Affluence Corporation | MBA, Duke UniversityPresident @ Affluence Corporation | MBA, Duke University 1d • Edited • 1 day ago • Edited • Visible to anyone on or off LinkedIn
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Just a quick note... having Jim Honan Jr on the officers of the company list on the OTC Company Profile page is an error, Jim has no current position with the company and is not in any type of management position.
Just one more fuck up by these people... or should I say Oscar and Goyner
Company Officers & Contacts Oscar Antonio Brito President William E Gonyer CFO James E Honan, Jr. Other
can you again, please forgive me, explain as to why MTi will take control of Affluence in Mid 2026 instead of 2027
Because in my opinion based on the amount of the convertible and the interest that was due there should be very little if any of the Legacy debt left to pay off. Remember the deal for MTi to take over was drawn up and the terms for the deal were drawn up as soon as Affluence and MTi concluded that Affluence was going to acquire MTi.... At no time during the discussions they had prior to the announcement of AFFU making the acquisition was there any doubt that MTi would at some point become the company in control of Affluence.
If we go back to the Durham Black deal, Durham acquired control of Affluence and they to had a clause similar to the MTi clause. If Durham could not raise around $24,000,000.00 then the deal would be terminated. That deal was as this one is, another company would get control of AFFU, Durham could not raise the money so the deal died. So the move the deal over to MTi...with full knowledge of MTi taking control when all of the stipulations were met.
I am saying mid 2026 which would make it the end of the 2nd Quarter and there will again in my opinion be no legacy debt remaining. Its going to take the better part of first and second quarter for all of the transfer of power to move from Affluence a U.S company to MTi a company registered in Spain. As we have all seen over the years getting a reverse merger to the finish line is very time consuming... It will begin in Jan of 2026 and be completed by mid June.
The other thing that needs to be remembered is the filing with the Colorado S of S clearly says ALL LEGACY DEBT, it does not say that Affluence must be Debt Free. There is a difference between the two, Legacy is debt that is long term or past obligations that holds a time line in years. Long term debt is considered debt that is most often due with in a 12 months span.
Also there is nothing that says this deal can not be done prior to April/May of 2027... it does however say it can not go beyond that time line with out being reworked and all parties agreeing to an extension. I just dont see this taking much longer than the end of June to be completed.
Thanks I want to clarify an error in my post. I miss labeled the A and B series on the MTi and OneMind shares but the actions I mentioned and the results are the same Also so there is no confusion when Affluence acquired OneMind Technology it was a private company. And as such some of the employees were all given Series B shares in exchange of their shares in OneMind the private company. There were two OneMind officers that left OneMind during the timeline from 2020 to 2024. One was the CEO the other was the Chief Technically Officer. Both of them when they left exchanged their Affluence series B shares for common shares and there is no way of knowing if they sold or still have them. Thierry Scozzies remains as the sole officer of OneMind from at the time Affluence acquired it. There are still most likely some insiders still there but until we become fully SEC audited we have no way of knowing who those people are
If we go back to a post I put up in May a bit after the Colorado Secretary of State document showed the process in which MTi stated that Affluence needed to be clean of all Legacy Debt it also stated that when AFFU upped its AS to 25 billion it also added 100 million in Series A shares that when converted would give MTi 51% control
The most interesting part of that document was the mention of the Series A shares that were issued to OneMind in 2019 along with Series A shares to outside investors to finance that deal. MTi clearly stated that if any of the holders of the OneMind Series A shares sold those shares then they would terminate the deal with Affluence.
All of that leads up to where we are now. It's also why OneMind was absorbed into MTi Those Series A shares belong to MTi now if you look you will see those Series A shares are still on the Affluence books. So once the Acquisition of MTi is completed OneMinds tech will be 💯 owned by MTi. This will eliminate OneMind as a partner/subsidiary but instead their Tech will be a part of all the Tech MTi already posses In short MTi brought OneMind into its company because the deal for MTi to take control of Affluence will be announced in 2026 not 2027
Nice to see that they got compliant once again... these fools have an issue with every filing they have put out for over two years... they continue to blame it on converting the info from their European subsidiaries to GAAP standards and by the time the next Q is due they do it wrong again.
Maybe they should put the training wheels back on and leave them on until someone who actually know how to do a financial report comes on board
Affluence Corporation acquired its ownership interest in "Dipotech" as a result of its acquisition of Mingothings SL (MTi) in May 2025. Diprotech operates as a fully aligned entity within the MTi Group.
Just as I have been saying since OneMind was removed from the Affluence Web page, Affluence still has owner ship of OneMind because OneMind is s fully aligned entity of the MTI Group now
The order of things are this.
Affluence acquired MTi in May of this year, MTi has control of Dipotech and OneMind and because Affluence has Control of MTi they have control of the other two as well. Once the Control of Affluence is moved officially over to MTi and Affluence no longer existences then MTi will be the sole owner of both OneMind and Dipotech. Control of Affluence by MTi must take place no later then May of 2027
Remember when Affluence stated they were acquiring MTi they stated in that announcement that they would also be acquiring all of MTi assets. They did not list those assits, they just said they would come along with the deal when Affluence completed the acquisition Dipotech was one of those assets
Affluence did the same thing when submitting the first quarter of this year, ending 03/31/2025 They submitted the first report on On 5/27/2025 then submitted the Amended report on 5/30/2025
For what ever reason the twits who are doing the actual filing and submitting it can not seem to figure out that the OTC changed the Format for Quarterly and other filings back in 2024 and are still using the old one it would seem.
Oh what a happy new year it will be when MTi takes over this company.
Everything you need to know about who owns Diprotech
Diprotech has two different owners depending on which company is being referenced: a Spanish company acquired by ZonaTrust and Shikumi Wakata S.L. in a 50/50 split, and a US subsidiary of the technology holding company Affluence Corporation. The Spanish company's management is led by Xavier-Martí Carné, and it has recently partnered with Novasonix. The other Diprotech is part of Affluence Corporation and the MTi Group, focusing on smart infrastructure and edge computing.
Spanish company Ownership: ZonaTrust S.L. and web development consultancy Shikumi Wakata S.L. jointly own 50% each. Management: Xavier-Martí Carné is the new CEO. New partners: Shikumi Wakata S.L. has since been replaced by Novasonix as a partner, with Novasonix taking control of the 50% share that Shikumi Wakata S.L. held.
US subsidiary Ownership: It is a subsidiary of Affluence Corporation. Part of: It is also part of the MTi Group.
They submitted the Quarterly Report and used the wrong format... AGAIN this is the second time they have done that... they will submit an Amended Q and they get back to OTCID... that is what I was told.
80,000 shares picked up in the last half hour at 07...So there is a bit more interest than we have seen in the last week... Perhaps next week as we enter December management will begin to open up on what is going on for a while and what the plans are for the new year. An update on the Xoala situation would be very welcome
Here is another thing we have not seen... They updated the Outstanding shares on 11/13 but have not updated the other lines... Restricted , Unrestricted and the rest of the list. Why just the OS and not the others... any thoughts on that
FDCT Security Details Share Structure Market Cap Market Cap 30,546,717 11/26/2025 Authorized Shares 500,000,000 10/13/2025
Thanks I saw that, glad you posted it... I have been trying to find what that early 0013 bid smack was and why we do not have a Verified Transfer Agent ... problem is when I contacted the listed transfer agent for FDCT under the Securities link on the OTC web page they are not working until Monday, so will have to wait for an answer then I guess.
The .0013 is for sure a MM deal of some sorts. You can not buy under the established BID... and certainly when the bid was .061 at the open can you get filled at .0013 that was a MM swap and should have been done pre market...not at the open. But as long as all we can get are unsolicited Bids and Ask then they can do what ever they want I guess
This is an interesting development, there is no longer a Verified Transfer Agent listed on the OTC Company Profile page for FDCTech. Just the company profile and the Penny Exempt notice.
Thanks... my hope is that some time in the future people will begin to dig deeper into the amount of Cash they have on hand and the revenue they have and are building. Then throw in the projected revenue for this fourth quarter and you will see a substantial increase for year of year when it poste in March of next year.
Blah Blah Blah... There will be a RS of that we agree. There will be no RS publicly announced with an effective date until one month before MTi takes over That will be some time after June of 2026, not before then but anytime after the end of Q2 2026. As Kevin Bacon said in the movie A Few Good Men "These are the Facts and they are Undisputed"
This was not pointed out 3 days ago. It was pointed out in the Q for the 2nd quarter. Them mentioning the RS in Q3 is a duplicate copy of what is in Q2. It's exactly the same wording that is in Q2. Maybe you just found it 4 days ago but we all found it 5 months ago.
Rich for the 200th time they are all on board. This is a triple zero stock. They all know at some point they will almost certainly need a RS. The point is it's not happening in the foreseeable future. No one is disputing that there will be one. The dispute is that Oscar has a say in when it happens. He does not. MTi does. The BOD decides when it happens and Oscar is not even on the Board. The majority of the board is comprised of MTi people. Oscar is a flunky simple as that
No sorry Rich that is not how it works, this is the process
AI:
Yes, a company trading on OTC Markets must notify FINRA of a reverse split, as it is considered a corporate action that affects the securities. The company must submit a notification form to FINRA, which then reviews the action to ensure compliance with securities laws and corporate governance procedures.
FINRA notification: OTC Markets companies must notify FINRA of a reverse split using the electronic gateway and Corporate Actions Management Platform. Information required: The notification must include the ratio of the split and the dates of board and stockholder approval. Timing: According to FINRA rules, this notification must be sent to FINRA at least 10 days before the record or effective date of the split.
OTC Markets role: Once FINRA processes the action, it updates the issuer's profile on OTCMarkets.com.
But they do need to notify OTC Markets initially and they also must give OTC Markets 10 minute heads up before they go to press with it.
Its they must notify FINRA 10 days in advance not 10 Minutes and its FINRA who notifies the OTC Markets
What he needed to say was A Corporate Action For a Reverse Split Is Pending .... What it means is that the Board has approved the Corporate Action and the announcement for the Revers Split is Pending... Pending because the Board is who will announce it..they will send the info to FINRA and then FINRA will post the Corporate Action on the Daily List... that is when we will all know for sure that its been approved
As we talked about back in June and July... Goyner is new, it has made several mistakes... BBW put up a whole explanation about how this was a mistake and posted on there is no applications for a RS all Reverse Splits are officially called a Corporate Action...FINRA processes it and lists it on the Daily List
Here is the definition of it per AI
AI Overview Yes, an over-the-counter (OTC) reverse stock split is considered a type of corporate action that a company undertakes. This action reduces the number of outstanding shares, which in turn increases the price per share, but it is processed through FINRA rather than a national stock exchange, according to finra.
This is so old that it really does not matter... so call it what ever anyone wants... all I can say is its not happening until the board approves it and the board will not approve it until MTi says they want it done... but if people want to continue to think that Oscar is actually make decisions thats fine... I will stick with all decisions come thru MTi and let it go at that.
I am really trying to drink less but you make it difficult... it says an application... we have been over this a 100 times since that came out. There is no such thing as an application... it was a miss print from Goyner... A reverse split is a Corporate Action and its an action that is done by the board of directors. Come on Rich, no one has ever said they are not serious about it.. I said and so have a half dozen others... they will be doing one but it wont be until they get close to when they are ready for the change of control in 2027 It will be done if they are not at the PPS requirement for a move up. You are the only person who is pushing this Oscar is going to do it soon... he is not and he can not ONLY THE BOARD CAN AUTHORIZE IT AND THEY WILL THEN ANNOUNCE IT....
AI:
Process for an OTC Reverse Split Board and Shareholder Approval:The company's board of directors must first approve the proposed reverse split ratio and plan. Generally, state corporate law and the company's own articles of incorporation and bylaws determine if shareholder approval is also required, which is often the case.
We shareholders were not involved because the majority of the shares are held by insiders or management so it was a foregone conclusion
Keep a close eye here everyone.. this has routinely been a full one or two penny spread on the Bid and Ask its now less than a penny... people are looking to get in and when that happens it can start to run at any time
Stop saying it's pending please. It's been Authorized is all. There is no date. The only date is that if they don't, they bring the board of directors, don't enact it by June of 2026 they have do do another vote to actually authorize it
You are again letting Oscars inability to phrase something correctly twist your thinking. They have yet to put out news of a pending RS. When the BOD picks a date it must be announced
As for the report for the Secretary of State that is a standard must file yearly report. It strictly informational and deals only with updating the company information. Officers names Business address State where business is located. It does not reveal any details about the actual daily workings of the company.
I know you thrive on trying to find hidden meaning to everything Rich but there is nothing about that notice that deals with the business It's just information about who works there and where is it located. If you actually go to the Colorado site you can see the completed from they submitted last year and every year for over 5 years. No RS is planned at this time
That's a great post by Alchemy thanks for putting it up.
FDCT put an 8-K out yesterday as a verification of the last Q. It's the 11/24 dated 8K. A good read for anyone who is not fully up to speed on that quarterly report https://www.otcmarkets.com/stock/FDCT/disclosure
No they list what he is doing you just have to go to the OTC site and open up his position on there...That will take the guess work out of it... most actual DD will find the answer to just about all of our questions
Not sure why anyone would settle for 062 as a good selling point when we have so much in the making here... but to each is own I will grab what I can down here from the weaker hands...
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They were emailed at the same time I was... way back when I signed up for them to keep me updated on anything that pertains to Affluence Jim told me they were already listed there do they automatically are notified
Thank you for the update Maybe Affluence should be emailed as a reminder
Thanks BBW, makes a lot of sense and ties right in with them getting all of the filings up to date... also would explain why they have not gotten the 15c2-11 updated, if the do a reverse merger than that will be handled at that time, getting a Market Maker to sponsor them and bring the 15c2-11 up to speed, correct?
The other day I posted that AFFU still had James Honan listed as the CEO on the OTC web site... well that is no longer true, they list Oscar as the President now.... How ever James is now listed on the Officers of the Company section as OTHER. He is back with the company it would seem, or he never left they just took him down from their Web Site, he is still not on the Web sited either Also you will see below an email I got from the Secretary of State of Colorado. I am on their mailing list, looks like there is some issue with Affluence and their status of being active with the Colorado Sec of State. I will be digging into it. Perhaps, and this is just a guess they are relocating to a new state and will register there. https://www.otcmarkets.com/stock/AFFU/profile..
Company Officers & Contacts Oscar Antonio Brito President William E Gonyer CFO James E Honan, Jr. Other
The Periodic Report for Affluence Corporation - 19941130934 is due.
From the Colorado Sec of State site this is what it says 87 Periodic Report due 11/23/2025 11/23/2025 11/23/2025 02:12 AM Periodic report due by: 02/28/2026
Affluence filed on Jan of this year 2025, it is simply a report that lists where they are located and who the officers of the company. So its not an issue at all it was just a reminder email. and notice that was put up on their site, that is why I got notified. If anything is posted there they send out an email
Email said this: You must file a periodic report annually to keep your entity in Good Standing. If you don’t file on time, you will need to pay a late fee. Due dates and any fees or penalties are automatic and statutorily applied. As such, due dates and fees cannot be altered or waived.
Beginning July 1, 2025, Colorado will update its registered agent requirements.
Please visit our changes to registered agent requirements page for more information.
The Q report is for what was going on at the End of Sept... and if what I think is true and OM is now inside of MTi it would still be a subsidiary of Affluence.. since MTi is a subsidiary.... but then if these guys have no idea who the real CEO is then I doubt they know that OneMind has been removed from the Affluence Web page under the Out Companies link... LOL LOL
When OneMind was active on LinkedIn there were a lot of posts where them and Thethings.io were linked up together... now its mostly just thethings.io and MTi
While Assets and Company are two different things ... A company owns the assets that make up the company. But if MTi was to acquire just the Assets and not the company, then the company would cease to exists. Without assets the company is simply just a name. They, acquired the Assts of both that I mentioned and brought the two companies into their company and they will, when this is all done, simply be subsidiaries of MTi... along with those assets came the employees and the contract that are still open.
Its like if a buy the assets of a machine shop but nothing comes with them, who will run the machines, who will go out and generate sales so the machines can do what they are built to do and thus bring in revenue. Since MTi is considered a subsidiary of Affluence, they are not required to list their assets in the financials that AFFU posts...they simply just have to list and show the revenue that is generated by MTi ...they dont have to break down where that revenue comes from..... yet, but once they gain control and hopefully become fully reporting, we will then see where all of the MTi revenue comes from... I am saying it will come from several different places within MTi... their subsidiaries.
When the debts are paid up or the debt holders become a minority Oscar will be gone. That is my theory
Its not a Theory OS...its a fact and a fact I have posted here on multiple occasions.... if you go back, not you but anyone reading this, I put a post up that said Balkin is gone, he is no longer listed on the Affluence Web page under the Our Team... but in his place is a guy name of Oscar Brito.
Balkin was one of the original debt holders... filings show he was added to the BOD and Jim and was still the CEO for a while. This all took place at the time the Durham Black deal blew up... When Balkin's debt was satisfied he left with some lame ass excuse of having to go to his own company, he was CEO of another public company, and get it back on track. He then put Oscar in Charge as the President because Jim was still here as the acting CEO Oscar then became the front man for the false narrative of re organizing the debt and getting us headed in the right direction. It was about two months,( at the same time I went from posting 20 to 25 times a day here, to 3 or 4 a month), ago that I posted that by June of next year the 2027 deadline for MTi to take control would be moved up to 2026 and MTi would then take over... I still stand by them taking over in 2026 not 2027 but the date of that take over may have been moved up... based on the recent events, one of them being MTi took complete control of OneMind Technology
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