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Rich there has never been transparency here. This stock since 2020, as I post a couple monts ago, has averaged 11 press releases a year. 4 of which belong to the financial releases each year. The notes,if you go back to 2020, is when they all started showing up. The notes and the dollar amount your looking at has been there for 2 years. The company has had multiple Bridge loans and has never tapped into a single one. They are not selling nor is anyone taking OneMind away from Affluence. And Jim is staying on as CEO until a merger is completed. If and when one is completed. The selling down to 001 was as much panic selling as it was inside selling. The 13G is the key to that selling and there are no friends and family buying for the same reason there has never been insider buying since Dell was announced as a OneMind partner. Revenue has yet caught up to the hype. What your doing is pure dooms day ranting on a subject that has been exactly the same for over 2 years. Same note holders same debt ratio same attempts, 4 I might add, at mergers that have failed. Nothing has changed. All we can hope for is that this time Jim will succeed with Balkin. The Durham Black was a fiasco that fell apart because Patrick was a lousy fund raiser. His past did not live up to the hype and he could not produce the money to cover the cost. His friend even pulled out and took his company Contrivian with him. Balkin is way more stable financially than Shutt was. Before you go setting fire to the whole place let those involved at least have their say See what the PR says first See if there are Barcelona Smart City contracts coming. Christ you and Golf came out screaming about money and convertible debt that has been in 2+ years of financials. And who's to say the brunt of the 40 million shares traded Thursday wasn't done by family and friends. And ask yourself this question If all of this was convertible debt why has the restricted share count remained relatively the same. Convertible debt is when you remove restricted stamps off the shares and they become common. Common share count raises Restricted share count reduces. That has not happened. We have all been through the ringer with this for over a year and when we finally get the Control issue resolved and Jim has said a PR on the new BOD and the Smart City Expi is coming you and Golf go all Chicken Little on the board. I can't figure out why that's for sure
That right there is the most idiotic miss informed so far off the mark post I have ever read I will not bail you out but I suggest you come down from what ever drugs your onnand do some real DD cuz your clueless With that post. And do not ask me to tell you why the company will lay it all out very soon.
He is not making a point we all Love Rich but he seems to partake in the effects of the Magic Mushrooms and following his train of thought can be mind boggling at times.
Looking forward to Jim giving us the complete rundown so we can all stop looking for clues as to what is happening and instead KNOW what is happening. In one of my conversations with Jim he called the new directors Terrific... which is a very high description of them IMO. Makes me anxious to see what they have to offer that is so Terrific
Ahh the Links to knowledge Thank You Janetcsanada your posts have been missed
Indeed you do... yours are not posts of opinion unless that opinion carries proof in the pudding with links... Have a good weekend and lets see what next week brings our hidden gem
James Honan Jr still has the access to the OTC and he has filed all that is needed... he also is the one who updated the Director list on the Company Profile and sent in the information for them to put Independent Directors directly under the Transfer Agent Verified. Asl soon as the OTC is done with their verification process he will be allowed to remove his and Haase name from the Director list
People who are selling are playing with fire... people who are buying are getting handed free money...
We now know they are Independent Board Members, which it did not sate in the Supplemental Disclosure document, and that most often means they are not officers or will be officers... they will have voting power and as Independents are not obligated to follow the lead of the company officers... My hope is we get, when the PR(s) start to come out a COO and a CFO who come on board thru a possible merger or acquisition... Those two appointments would give the stock more credibility then its had since the day the acquired OneMind Technology
yes I am and thank you for the kind words... this trading keeps my mind sharp I think;...always reading and talking and keeping active... but the older I get the less patience I seem to have... as you and others can tell. LOL LOL
75 to be exact
If you look at the upper right had corner where it says Company Profile Update on 06/2024 that will change to a new date as soon as the OTCM has officially verified the Application James submitted yesterday...
https://www.otcmarkets.com/stock/AFFU/profile
They will be removed after the official announcement and the OTCM stamps the Application which should be later today or first thing Monday.
New as of a couple of hours ago...
Just another piece of evidence, if you will, that indicates they have something planned here that is bigger then just being a Good PinkSheet stock... they are setting this up for some solid growth and movement from this level.
Company Profile has now added Independent Directors
https://www.otcmarkets.com/stock/AFFU/profile
Pink Open Market Logo
Pink Current Information
Company Verified Profile IconCompany Verified Profile 06/2024
Transfer Agent Verified
Independent Directors
When looking at the new board members on the Corporate Profile page the two new members are listed as Independent...
This is the definition of Independent Director... Note not all parts of the definition apply to each member or how each company operates.
An independent board of directors is a group of board members who are not involved in the day-to-day operations of a company and have no material connection to the organization. They are also known as non-executive directors, trustees, outside directors, or external directors.
Independent directors are important for good corporate governance and protecting shareholder interests. They provide objective advice and insights, and help to improve decision-making and leadership.
Here are some characteristics of independent directors:
They are not part of the executive team
They do not have any material financial relationships with the company
They are not involved in the company's day-to-day operations
They are selected by shareholders based on their expertise and experience
Independent directors are compensated in a variety of ways, including: Annual retainer fees, Meeting fees, Stock awards, and Expense reimbursement.
The percentage of independent directors on a board varies by country, company size, and other factors. For example, in the United States, publicly traded companies have between 22% and 95% independent directors on their boards.
Independence is not a fixed status, and it can change over time. Directors should be aware of independence issues, and their independence should be reassessed as circumstances change.
What is an Independent Director? (Overview, Roles, and ... - OnBoard
Oct 1, 2024 — Independent directors are not associated with the organization in any form besides holding a seat on the board and have...
OnBoard
What Exactly Is an Independent Director? (Hint: It’s More ...
Feb 25, 2022 — Independence is not as simple as it sounds. As a director, you may be considered independent for one purpose but not a...
Skadden, Arps, Slate, Meagher & Flom LLP
What is an independent board director and what do they do?
Independent board directors are known worldwide by different names and titles, including non-executive directors, trustees, outsid...
Board Appointments
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I am reminded of a ELO song that those who are thinking small should listen too
You have to laugh at this board.... WE have gotten the three things we have been looking for since early Oct... and no one is here... OTCN has left the building, good news we have been able to post the Notice of Late Filing... better news... The new Board of Directors are now listed on the Company Profile page of the OTC BEST news... Yet everyone has left for the weekend it would seem
https://www.otcmarkets.com/stock/AFFU/profile
Next week is going to really be a blast around here and for the stock... we have all been waiting since early Oct for the New BOD to get posted on the Company Profile... and now that they are then the company can begin to release all that is waiting for us.
https://www.otcmarkets.com/stock/AFFU/profile
They have updated the BOD Haase and Honan Jr will drop off when the OTC is done with the verification process... but Jim has been allowed to add the new guys
https://www.otcmarkets.com/stock/AFFU/profile
Company Officers & Contacts
James E Honan, Jr.
CEO
Board of Directors
Michael P Balkin
Independent Director
Rohan Chanmugam
William Gonyer
Independent Director
Dale Haase
James E Honan, Jr.
CEO
My understanding is they did that but requested a delay until they submitted the Change of Control application to OTC Markets. Which was done yesterday. So SOS should post Monday is my guess. Then Tues OTCM updates the Company Profile and Jim then releases the Krackin PR as well
Correct BBW.... this is the page I am checking on a regular basis... because once we see Balkin and Gonyer replace Honan Jr and Haase names on the Board of Director list we will know that everything is ready for the flood of news that will be coming.
https://www.otcmarkets.com/stock/AFFU/profile
Absolutely correct... news is coming next week if the pattern holds it will be Tuesday but since its been a major process for Jim to get this done he may change his routine and release it on Monday... either way the way it ran at todays open you dont want to be chasing Monday or Tuesday
agree and we have some people who paid .001 and .0011 so they are at 100% and will flip out... which is fine... no need to move it to the top in five minutes... plenty of time for this to have a steady solid move up
OTCN remaining in the middle of the pack so far
More great info OS. We are about to launch this rocket 🚀
Some impressive stuff right there that's for sure
We are for sure on the same page right now. He has not said anything about leaving but he sure gives that vibe. He has put 5 years into this company. One as a financial advisor and 4 as the CEO since Affluence acquired OneMind. I think he is just ready to put his feet up. Balkin will take the reins for the next big move Affluence makes
I understand that I was just giving my opinion on the speculation that is on the board that MTi may be part of the merger conversation we have been having here... and for all I know it may be... just my thoughts on the subject... I understood that you were not talking about the merger but rather an addition to the board when you put your challenge up for someone different to contribute some DD
I still believe that MTi is not going to be a part of this Merger plan that is being hatched. Balkin and Gonyer and possibly Hicks have taken control of the company and they will choose who Affluence will merge with. Jim picked Durham Black for the prior merger. Patrick Shutt and Durham never had a chance of getting the needed Financing to complete that merger. So Balkin and Gonyer and maybe Hicks put up the money and have taken control of the company via a 51% stake in the shares... MTi is not coming in because if they did it would mean they would be the parent company. AFFU would become a Spanish company with ownership under the regulations of Spain.. Affluence does not have the funding to take over a company with the value of MTi. So I dont think Balkin and the others took control of AFFU just so they could sell Affluence to a company in Spain Jim could have sold it to MTi with out them. I am sure they want Affluence to remain an American owned company. So I think who ever they pick to merge with will be a company here in the States or a company they can acquire out right where ever its located. Affluence is for sure going to be working with MTi thru OneMind Tecnology, just as the MOU states. But MTi will not be merged into or acquired by Affluence. IMO .
Number 1 the other two new BOD are American and number 2 there will be more BOD members add down the road I am sure They will just be board members they won't be in control. Control means ownership of 51% of the stock either by merger or acquisition. Those are the details we are waiting to find out. What I know is not considered material. I simply asked the question of Jim when would the OTC accept the change of control. He said they now have the application and that they are now allowing him to file the Late Notice and that the PR he said was coming from what happened at the Barcelona Expo would be released soon. As well as what the new board members and company will be doing once the application for control is approved. BigBadWolf posted the time line for Control application approval at 3 -5 five days. So Monday or Tuesday should be the PR release date Jim but could be today for all we know Read slower Richie and follow all the board DD. PB put up massive amounts of DD on the new BOD that clearly said they were American. Longs had the DD we all put up and new investors have all the same and very extended DD PB has put up. Everyone should, by reading it, know everything there is to know about the fundamentals and history of this stock. What we are now about to find out is where it the company currently stands and what the new people in control have in mind for the future.
It's the two new BOD and the remaining one from us Rohan. We get news of the BOD switch and then we get the Control is on hold pending more information. Then today we find out the docs were sent to the UK/Spain. Rohan lives in the UK and is the Intrim CEO of OneMind. So they are now in control.
This is where we are on the Control Issue and what to expect... Documents that needed to be submitted to the OTC concern all of the management people as well as the BOD. Some of our management is located over seas... UK and Spain... some are here. The wait was for the documents to be completed and returned to Jim for people over there. The have been competed, they have been approved by the parties here in the States and they have been Submitted to the OTC Markets... because they were submitted they lifted the freeze on Jim posting the Late Notice... this was done to avoid the filing being late and the stock getting slapped with a Yield sign. The documents still must be entered by the OTC and that, as Wolf showed us, can take 3 to 5 days... Jim is hoping for approval quicker since its been so long getting them done. So the buying opp is still available... And the press release he said he was going to put out on the Smart City Expo will still be released... As soon as the OTC approves the forms he submitted today
YES YES HE CAN NOW RELEASE THE SMART CITY NEWS
Tarson YES NOW HE CAN .... I corrected the error on the post Thanks for pointing it out
This is very good news,we just about tied posting it.. LOL. As I posted before last week Jim had told me that due to the Control Issue he could not update the OTC pages for Affluence...since he updated it with the Notice of Late Filing I would say is now able to update the site... so the control issue is settled. That means he can NOW release the PR for the Smart City Expo from Barcelona and how it went with their partner MTi .... we can also get an update on what the New Board Members plans are for the stock
THE CONTROL ISSUE IS RESOLVED AND WE HAVE A NOTICE OF LATE FILING POSTED.
For those of you who have not been here that long... Because our Subsidiary is in Spain every quarerly and yearly filing has been late since 2020 when Affluence bought them.. so its not an alarm ITS FANTASTIC NEWS
Publish Date Title Period End Date Status
11/14/2024 Notification of Late Filing 09/30/2024 A
NOTIFICATION OF LATE FILING
Name of the Issuer: Affluence Corporation
Check One: Annual Report _xxx__ Quarterly Report __ Interim Report
For Period Ended: September 30, 2024
Address of Principal Executive Office:
1942 Broadway St Suite 314C
Boulder, CO 80302
Reason for Delay in Posting Financial Report: State below in reasonable detail why the Annual/Quarterly
Report could not be filed within the prescribed time period.
The reason the Quarterly Report for the period ending September 30, 2024 could not be filed on time is
the Corporation is waiting for the accountant to provide final figures for the financial statements.
Anticipated Filing Date:
[Please note that the filing of this notification grants issuers 5 additional calendar days to post a
Quarterly or Interim Report and 15 calendar days to post an Annual Report.]
November 19, 2024
Person to contact regarding this notification:
Date: November 14, 2024
Name: James E. Honan Jr.
Title: Chief Executive Officer
Goose Bumps right there OS.... not to mention a new Tax Bracket LOL
It has been that way since the change in the BOD took place... if you notice in the bottom sentence there word The is misspelled it says Yje... I pointed that out when this first showed up..but because of the Control issue Jim has not been able to correct the spelling