H.O.P.E. - Having Only Positive Expectations
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I also remember three's company...or is it three's a crowd!?!
I'm still holding and I agree 110%
I 2nd that sentiment! Well earned and long overdue, I say!
What does Alamo think?
I think I was spot on with my assessment with what had occurred and what was about to occur with relation to the failed 'ventures', the significant dilution and the coming launch of Bizzs.com. Are we any further along than we were 10-12 months ago? I guess you could argue for or against. Bottomline is the lack of transparency combined with the lack of explanations continue. There's been no effort to address the many questions that shareholders have and deserve straight answers regarding! Funny how things change yet remain the same. ;)
Alamo_on_the_rise
Tuesday, December 07, 2010 1:43:55 PM
Re: Searay270 post# 38685
Post # 41806
The news actually explains quite a bit...
The reason for the lack of updates on 1WC is due to its failure. We discussed at length the amount of competition, costs associated with this enterprise and the lack of revenue it was producing. In order to maintain the operation, it was obvious that more shares were going to be needed. I would be skeptical if there's a reported sale of 1WC as businesses like these close and disappear.
We also learned that Tutamen and Inter Solar Tech have failed. We understood that IST was the cause for the huge amount of dilution last year and was concerned when supposed orders were not placed or ever shipped. I actually believed the strength and backbone of the company was their manufacturing arm and thought that would never change. But, clearly when we did our D&D we found no recent orders and today's announcement comes as no surprise. Again, I would be skeptical if there's a reported sale of IST as this business has very little value.
So, what we've learned is that there is no bank sponsor to launch the 1World Visa Card, there's no longer 1World Cash retail locations, there's no longer Tutamen and its manufacturing arm and there's no longer the solar division. That leaves us with the medical division and I don't see any reference to medical within the business units. We are left wondering...where did all the money go?
As for the 'merge with a technology company that provides Social Business functionality', I suspect that SP is now going to try to piggyback Ron Lindsay's business venture Bizzs.com that he quietly launched December 2009 and hoped to run independently.
whois.domaintools.com/bizzs.com
The site intends to be a business social networking site linking folks with interests in the same fields and industries. As you can see, this is at ground zero. I am expecting an announcement that will announce the 'merge' when in reality it's SP admitting he's failed on all fronts including financial, manufacturing and solar and attempting to hitch his wagon to Ron's. JMHO
I will say it looks impressive. However, I don't believe OWVI is controlling this. I think SP is now running this from China. JMO
OWVI has defaulted on their business license in the State of Nevada...
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=WIOUomrageyOXV0YHR8gdw%253d%253d&nt7=0
Received in my personal in-box...
Ironically he held the same roles with OWVI...
"i want to make sure before any release or any news until I am thoroughly convinced that everything I release has merit."
So, obviously the news releases over the 'prior' years had no merit. ;)
Based upon my DD I see ZERO progress and fully explains WHY we have not seen a press release which could announce ANYTHING including what the new business is doing, what progress has been made, who is now on board and what they are doing to which business ventures they are actually venturing into.
My take away is that RL is indirectly admitting guilt relating to past releases and that there's nothing new whatsoever to report!
Hurry up and wait!
You could say that tens of millions times over!
"Ron is no different than Steve Prior, this is a game con's play of delaying getting you to think there going to release something then don't, keep pushing the days out, don't give you all the information you want. Typical Con Game"
You do understand when Ron needs cash for his pet project or bills, he'll likely issue a PR only to sell into it, right? It is, after-all, "a game con's play".
What I gather from this email exchange is the following...
- He's familiar with Linkedin
- The social networking site will supposedly be more interactive
- He did not answer who is developing the site nor how it is being funded
- He refuses to identify which businesses were 'halted' and which survived.
- He refuses to admit if any of the businesses have sold
- He refuses to answer where's all the money
- We are no longer searching for gold despite him issuing the PR
- We may get a business update in 30 days...should we believe this?
- He claims, "I will not release...PR that does not say anything" yet he was the one who issued the PR's under Steve's watch
- Sponsor Bank was supposedly shut down yet never identified
- Claims we must have " 20M dollar reserves" to launch 1World Card
Here's the deal. There was millions of dollars raised from the issuance of PR's that issued falsified news in order to mislead and bilk investors out of hard earned dollars and the question we deserve to be answered is WHERE IS ALL THE MONEY?
What has taken place is nothing short of criminal and an email response advising that he is still working on rolling out a website and not much more only proves that nothing has really changed.
Investors deserve to know which businesses if any are legitimately open and producing revenue.
Investors deserve to know if any of the businesses have sold and for what amount.
Investors deserve to know how much cash has been paid and how many shares issued to the officers of the company since day 1.
Investors deserve to know how much cash is on hand and where said cash is being held.
Investors deserve to know the truth of each and every PR that has been issued to date.
Enough with the BS!
So we lost Ryall as a moderator???
"How much does it cost for a pr or to set something up for a Q&A? I'll bet a lot of us individually are out a lot more money than that would cost right now."
Unless a PR and/or conference call is going for more than $20k, I'd say you are correct, sir!
"Mexican solar gold mine hydro social networking cash card Phillipene HMO debit remittance thing"
Don't forget...manufacturing nuts & bolts, diabetes test strips and convection ovens.
I helped to organize the 2 from before by gathering the list and coordinating the call time, day and help bring awareness, but, will pass the baton this time around.
Ron needs to simply pick up the phone and contact SmallCapVoice.com and/or reserve a conference line to schedule the call.
Of course, either method entails funds and with the apparent loss of business and revenue, he may be hard pressed to orchestrate such a call or even pay to have such a call PR'd.
One thing is apparent, though. He's willing to respond to a few emails. But, considering the lack of content, he must be on one of those plans where your outgoing emails are billed by the word. Time to join the 21st Century!
Speaking of PR's and projecting revenue, here's a PR released by OWVI outlining a partnership with APRM and their detailed revenue projections:
http://ih.advfn.com/p.php?pid=nmona&article=40182870
Fact is, these penny stocks release PR's with inflated revenue projections all the time only to sell into those releases. They then deny knowing anything about it hiding behind a gagged TA and/or hide behind the Safe Harbor Disclosure. It's high time the SEC began cracking down on everyone of these nickel & dime scamming companies who make a living deceiving others for their own personal gain!
"Build a Power Legg of your family and friends."
I interpret it as 'build profits by pulling the leg of your family and friends' or most likely, "Build a Power (Legg) League of Extraordinary Guys & Gals of your family and friends."
http://leggchicago.com/
Either way, it's irrelevant to IDCN like most everything Jeff & Co. release to the public!
"If we gonna do it, lets do it right and burn this mother to the ground."
There's really no difference between no bid and .0001, right?
As for an SEC contact, I'd recommend reaching out to SEC Enforcement Director Robert Khuzami. He is quoted in the suspension article.
As a reminder...
OWVI announced 11/3/2009 the signing of a Letter of Intent (LOI) to enter into a exclusive Distribution Agreement with (APRM) American Pacific Rim Commerce Group.
http://ih.advfn.com/p.php?pid=nmona&article=40182870
At the time, OWVI touted APRM with the following paragraph:
"American Pacific Rim Commerce Group projects fiscal 2010 revenue to be $12,679,040 and will generate minimum fees and distribution payments of 12.8% to One World Ventures, Inc. of $1,622,917, increasing to 18.0% or $2,282,227 based on utilization, recurring revenue and additional services as may be requested by APRM. Cost savings to American Pacific Rim Commerce Group under the terms of the final Agreement are offset 9.2% or $1,170,000 as a result of reduced Costs of Goods (COG) and transaction fees."
Steve Prior laid out the supposed details of the partnership:
"Mr. Steven Prior, CEO of One World Ventures, Inc. added, "One World Ventures has systematically acquired or developed most of the 'back-of-the-house' functions APRM needs to fulfill, distribute and process the sale of goods and products produced by U.S. small and medium sized businesses to buyers here in China." Further, added Prior, "The team at APRM can focus their efforts on the marketing side of the business model, which is their greatest strength. APRM's management team are experts at attracting small and medium sized U.S. businesses, who want to sell their products and services to the growing Chinese consumer market."
With that said, how does OWVI avoid suspension in light of the partnership with APRM, the obvious PR discrepancies and the partnership with penny stock promoters which led many to OWVI only for hundreds of millions of shares being liquidated by either the company, promoter or both burying investors!?!?!?
The resignation of Steven Prior should NOT be enough IMO.
There's still a few holding in spite of those who claimed this was going to the moon only to bail when the lights were turned on!
How long before we see .0001?
To think, this stock was sitting at around .09 before folks started buying.
If you really want to call him out, question him on his University of Florida education or question his ability to write a PR which he claims is his specialty and one of the main reasons the company was against hiring an IR firm to help promote the company and communicate with investors.
I find it ironic that he couldn't report anything because SP left him in the dark and now he's supposedly the man in charge and yet he still doesn't report anything.
Website updates are one thing. IR updates are another. But, until an actual PR is released that can be validated, share structure is reduced and consistent updates can be provided, I will chalk this up to more of the same BS we've seen for far too long.
Fact is, we don't know who posted this on the website and should be highly skeptical especially considering the last we saw of JB was him and his wife sitting in 1st class sipping champagne jetting out of the country with bags full of cash.
Incompetent
Delusional
Corruptible
Narcissistic
The bid support for .0002 is getting thinner and thinner. For those who may need to get out, you might consider getting 2's while you can. I'd like to offer a glimmer of hope here but the fact is the company's CEO is not delivering much optimism nor reason to buy up shares at even these levels which would ordinarily be bargain basement pricing for a company doing business and reporting profitable financials which neither can be substantiated.
It's sad to admit but getting involved in this stock has become my biggest regret and there's no one to blame but myself and unfortunately this has become one costly lesson for me.
Responding to a given email does NOT mean a company is in business. Of course, this is just my opinion. Just as one having a pulse may prove you're alive, it does not mean you're living, per say.
What a disappointment, to say the least.
Bizzs, Inc. is located at 1934 Crosshair Cir # 101 Orlando, FL 32837. The officers include Ronald A Lindsay. Bizzs, Inc. was incorporated on Thursday, December 31, 2009 in the State of FL and is currently active. Ronald A Lindsay represents Bizzs, Inc. as their registered agent.
http://www.corporationwiki.com/Florida/Orlando/bizzs-inc/35960131.aspx
http://www.manta.com/c/mtlgpy2/bizzs-inc
Looks as though he lives in an apartment and last I heard he was caring for his brother.
All I can say is that it's a pretty sad state of affairs when you're not announcing ANY progress...whatsoever. It's becoming more and more apparent there is nothing productive taking place and WHY there's no PR's, no conference calls, etc.
As I suggested before, OWVI may not be anything other than a shell and for those who want to cite the financials, I simply ask if those businesses exist and whether those financials were audited as was promised? NO.
Anybody willing to take on VERT who's sitting on the ask? The unfortunate aspect is you never know how many shares the company plans on liquidating which could be hundreds of thousand or even millions.
What we're witnessing is yet another example of the game I call 'the great transfer of wealth'.
Unfortunately Captain, it looks as though shares are being liquidated into said news. We've seen this all too many times. Just look at straight drop of the accum/dist line as it speaks volumes!
All you need to see on the chart is the 'On Balance Volume' and 'Accu/Dist' indicators/lines to see the level of dilution or as I like to refer 'the transfer of wealth'.
A reverse split would be more likely than a share buyback. jmho
The fact is Jeff did resign when he boarded the plane for England sitting in first class with his wife while sipping champagne leaving this stock to die and now for an eternity will sleep in an arrested state.
"Additional Stock was sold throughout the year wheres that money"
That's right. There was 500,000,000 shares that were liquidated beginning 5/7/2010 that were supposedly sold under the guise, "we are outlining our strategy that will increase the share capital of the Company but at the same time be accretive to the Company, allow investor confidence to grow and we believe further enhance shareholder value."
As far as we were told, "One World Ventures is currently in negotiations with several institutional investors to acquire a block of shares of the Company. The terms and timing are not yet finalized, but the Company will receive funds that are necessary for meeting our goals for growth".
So, if the shares were sold via private placement to a 3rd party, which terms were never disclosed, where's the money and what were the terms???
As a reminder, the share price May 7th was .0025 and was driven down to .001 within 2 months by June 29th. And when shareholders suspected the company was diluting, it was SP who denied it.
Remember when I posted his comments May 13th..."If the company was not growing and didn't have the growth opportunities that we have, then, there would be no need to raise money and, of course, it would have a diluting effect. But, I can tell you that some of the more sophisticated investors I talk to are only concerned about the use of funds and not a dilution effect. It is nonsense and shows a lack of understanding. If you have any faith in our ability to create value, you will understand this is a no-brainer"
But...
- When you consider the company announced they retained Baker Tilly on 5/13 which turned out to be untrue.
- When you consider the company announced a distribution agreement with Caldoris that would generate $2M on 5/24 which turned out to be untrue.
- When you consider the company announced they've shipped their first sets of meters and kits that would generate $500k on 5/25 which turned out to be untrue.
Add to that Steve's comments 6/24 which again failed to develop and it's quite clear the company issued PR's with the sole intent to dump those shares on us and pocket the cash.
It's because of the continual dilution combined with unproven or apparent falsified PR's that should lead everyone to file complaints to the SEC and to question any news being distributed through this unethical pinksheet company.
Considering the PR's promoting the sponsor bank to the supposed Inter Solar partnerships and contracts to medical supply shipments to opening of offices in London and Mexico to the auditing of financials which have not come to be, I'd be very skeptical of ANY news being reported or released unless it can be independently verified.
If the company was growing this significantly and generating this revenue, why hasn't this been PR'd to help bring awareness which could raise the share price benefiting the shareholders?
Without the financials being audited which was privately and publicly committed, one could argue otherwise.
So, why didn't RL issue a PR and promote the release of the financials?