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$AFFU DISCLOSURE OF CHANGE IN CONTROL AND OTHER MATERIAL EVENTS.
https://www.otcmarkets.com/otcapi/company/dns/news/document/77866/content
James E. Honan the founder has stepped down, which seems to be final. It’s clear that Mike Balkin, who has the capital, has taken full control of the company. At this point, James is likely serving as interim CEO, and merger details should be coming soon. We don’t yet know who the merger partner will be, but we know James prefers a merger over a buyout. In the past, James structured several merger attempts that didn’t work out. In the last PR release, he mentioned working on other opportunities, which led us to believe there is another merger to replace the one he terminated.
We are diligently working on other opportunities and will provide updates to the market as we execute against our strategy to acquire and manage technology assets.
We want to remind you that OneMindNG is a member of Hikvision's TPP (Technology hashtag#Partners Program), listed as the hashtag#orchestrator solution for Smart Cities, Safety and Security, Transportation, Infrastructures, and other Smart Industries.
James E. Honan has stepped down, which seems to be final. It’s clear that Mike Balkin, who has the capital, has taken full control of the company. At this point, James is likely serving as interim CEO, and merger details should be coming soon. We don’t yet know who the merger partner will be, but we know James prefers a merger over a buyout. In the past, James structured several merger attempts that didn’t work out. In the last PR release, he mentioned working on other opportunities, which led us to believe there is another merger to replace the one he terminated.
We are diligently working on other opportunities and will provide updates to the market as we execute against our strategy to acquire and manage technology assets.
That’s just a standard disclosure. If James wanted to sell the company, he would have done so long ago. He’s aiming for a merger to expand and secure a larger payout. He’s attempted a few mergers in the past, but they didn’t stick due to lack of funding. Mike Balkin, who has been funding the company for years, has now stepped in to take over and drive the merger forward. With substantial capital and connections, having previously led a merger with a $2.2 billion private healthcare company, he’s positioned to do it again with OneMind technology.
Exciting times ahead!
$AFFU MERGER IMMINENT! Disclosure of Change in Control and Other Material Events:
https://www.otcmarkets.com/otcapi/company/dns/news/document/77866/content
The founder of Affluence Corporation, James E. Honan, established the company with a focus on developing and investing in smart city technology, artificial intelligence, and innovative digital solutions. A change in control occurred when James E. Honan, CEO, and Dale Haase, a board member, resigned from the board of directors of the Company. The current composition of the board of directors of the Company is Rohan Chanmugam, Michael Balkin, and William Gonyer. Consequently, Michael Balkin and William Gonyer were appointed as new members of the board of directors. Additionally, Mike Balkin He is currently the Chairman of the Board of Performance Health Systems, LLC and was a member of the board of managers of Innventure, “INV”, an Intellectual Property-based development company co-founded by Greg Wasson. He is also on the Board of Directors of Horizon Technology Finance Corporation “HRZN” a Nasdaq-listed company with a current stock price of $10 per share.
Mike Balkin recently served as CEO and Director of Foresight Acquisition Corporation, where he led a merger with a $2.2 billion private healthcare company.
Mike Balkin is an advisor on the board of the Innventure Fund, an Intellectual Property-based development fund started by Greg Wasson. Gregory "Greg" Wasson, former president and Chief Executive Officer of Walgreen Co.
Mike Balkin - Wasson Enterprise
https://wassonenterprise.com/michael-balkin/
Now let's take a good look at the company Affluence Corporation and its wholly owned subsidiary OneMindNG.
OneMind Technologies SL headquarters is in Barcelona, Spain. The company develops and markets AI smart city software solutions under the brand name of OneMind Technologies. The OneMind smart city software products include OneMind Hypervisor and OneMind NG.Both products are available in enterprise software and SaaS versions.
Affluence Corporation has secured a multi-year, multi-million-dollar contract to deliver its smart city software solution for a major project in Riyadh, Saudi Arabia. The contract won through a key technology partner, is the first of several expected to be awarded within the next year.
https://onemindng.com/
https://affucorp.com/
Did you know that OneMindNG Technologies has a global partnership with Dell Technologies?
Did you know that OneMindNG Technologies is collaborating with Dell Technologies on the "Smart City Saudi Giga Project?
What is the Giga Project Program?
A programme to build multiple hyper-ambitious mega projects. Officially, five developments – NEOM, Red Sea Global, Qiddiya, Roshn, and Diriyah Gate.
GIGA PROJECT Estimated value of Giga Projects = $884bn Of which total value of work awarded by April 2024 = $84bn
Dell Digital Cities Edge Solutions & OneMind Technologies joint proposition on Dell website.
https://infohub.delltechnologies.com/en-us/l/videos-129/dell-digital-cities-edge-solutions-onemind-technologies-joint-proposition/
Must-watch video: OneMind Hypervisor: Unleashing real-time insights and seamless citizen experience -Dell Technologies
We want to remind you that OneMindNG is a member of Hikvision's TPP (Technology hashtag#Partners Program), listed as the hashtag#orchestrator solution for Smart Cities, Safety and Security, Transportation, Infrastructures, and other Smart Industries.
William Gonyer, is not a doctor. He was certified as a public accountant (CPA). He has held positions at Will Stephenson Advisory (seven years, 2017 to present.
History shows that James has pursued mergers several times, which tells me he’s not interested in a buyout. It's clear that Mike Balkin, who has the capital, has taken full control of the company. At this point, James is likely serving as interim CEO, and merger details should be coming soon.
Mike Balkin is a serious professional businessman. By taking full control, he positioned himself to acquire OneMind technology. I also believe he plans to uplist to a larger exchange, as he’s not one to settle for the OTC market. This could be the major merger we’ve all been anticipating.
2023 $8.2 Million EBITDA
2024 -$7.1 Million Loss ONLY because of a Failed SPAC Merger which Cost $9.33 Million. So realistically a $2.2 Million EBITDA
James E. Honan has stepped down, which seems to be final. Now, they just need to provide more details about a potential buyout or merger—most likely, it’s a merger.
Yes, I see his role and the connection with Orange Business Services. I’m trying to understand why Mike Balkin acquired the company.
Rohan Chanmugam remains to serve on its Board of Directors which is the right choice.
Mr. Chanmugam is Chairman of Clevercoms Ltd., a management consultancy advising the telecoms, media and technology (TMT) sector and has over 30 years of experience in the industry. In addition to founding Clevercoms, Mr Chanmugam was a Senior Vice President at Equant (Orange Business Services), Managing Director BT A&M, Strategic Advisor to the CEO of COLT Telecom, and Non-Executive Director of Host Europe Corporation.
Do you think a merger is imminent? I think the info provided is sufficient for now. For more details, they can do their own research on Google.
Now we have a clear pic, there is no toxic dilution. OTCN is pushing the price lower to feed the dogs.
THANK YOU! So happy that you took that screenshot and saved it.
OTCN has no available shares. There was a 275k drop below my bid support at 0.0024 for 447k, yet I still received no shares.
https://ih.advfn.com/stock-market/USOTC/affluence-pk-AFFU/trades
MERGER IMMINENT! Change in Control has been recorded on the OTCM on October 21, 2024.
On October 14, 2024, James E. Honan, Jr., Chief Executive Officer and member of the board of directors
of the Company, and Dale Haase, a member of the board of directors of the Company, resigned as
members of the board of directors of the Company. Neither Mr. Honan nor Mr. Haase noted any
disagreements with the Company or its Board. Mr. Honan will remain as Chief Executive Officer of the
Company.
https://www.otcmarkets.com/otcapi/company/dns/news/document/77866/content
Forget about OTCN. Does anyone here know we are participating in the GIGA PROJECT Estimated value of Giga Projects = $884bn
Of which total value of work awarded by April 2024 = $84bn?
I will share the full details in my DD post!
This morning, I placed an order at the ask for 500k shares, and OTCN gave me 53k then immediately uptick the ask. Currently, my remaining order for 447k is still unfilled. If he has shares available, why isn’t he filling my order or the other big block at .0025?
It’s frustrating to see OTCN consistently at the ask. Something feels off, and I’m not sure why. Is it dilution, or have they put us on an algorithmic trading platform?
We are well aware of the past outstanding share increase. What I want to know is why you made the baseless claim about the dilution of 30 million new shares?
All company filings are reported in the financial statements, available for everyone to review. Furthermore, unlike other pink sheet stocks, AFFU is registered with the SEC. When companies register their securities with the U.S. Securities and Exchange Commission and file annual and other reports, they must disclose important financial information, which must be audited.
You don’t need access to the OTC Updates telegram; OTCM and the OTC Updates tracker. All of the company’s financial reports are available on the SEC website or Fintel. This shows a lack of research and no evidence to support the baseless nonsense claims you’re making here.
My first target $30.00 was hit and my second target of $40.00 will very soon be reached as well.
Few people are willing to invest the time and effort required to thoroughly dig into due diligence.
I’m asking again: where does it show a 30M dilution? There’s nothing in the filings that points to that. If you can’t show me the line or provide a screenshot, then it seems you’re just spreading B/S inaccurate info. Can you show exactly where you see 30M? Provide a screenshot or link, please.
Good morning, everyone! Thank you for the kind words. You're absolutely right—some people go too far, spreading misleading information to serve their own interests. I’ve done a deep dive and spent countless hours on my due diligence, and I’ll be sharing all of it with the board. As promised, I'll post my findings this weekend so we have time to review, discuss, and make informed decisions together.
This stock is still sitting at a super bargain price because it's flying under the radar, but fortunes can be made here. Once people see the true value of this hidden gem, I believe it could rise quickly. This is a golden opportunity, a rare diamond, maybe even a life-changing one.
$40 next station!
I’ve double-checked and confirmed that there are currently no toxic notes converting. The last note issued was on June 1, 2024, to Maverick Capital Partners, LLC. They converted Preferred B Stock and received 25,000,000 shares of restricted common stock, which are subject to a minimum six-month restriction. They cannot sell these shares at this time.
Are you aware of any hidden note issues that I might not be aware of?
I just took another look, and I don’t see any toxic notes unless I misread them. As usual, there’s always someone showing up early and planting the seed of fear for a better entry.
I can see the date! The only positive aspect of the filings is that we won't be moving to an expert market.
53K still sitting on the bid .0024 and they managed to close .0022 that is all b/s crap.
I haven't thoroughly reviewed the filings yet. Who is the individual that received 30M shares?
The only information I see right now is that On June 1, 2024 Maverick Capital Partners, LLC converted Preferred B Stock and was issued 25,000,000 shares of restricted common stock. The shares are restricted for a min 6 Months they can't dump it right now.
10-K OUT! Same share structure. As of October 17, 2024, there were 799,141,770 shares of the registrant’s common stock outstanding.
Can't believe they had 113 employees, and the PPS is so crappy shit.
As of May 31, 2024, the Company had 113 employees including 109 full-time employees.
Welcome aboard bro. Great to see you here.
Manipulation at its best by OTCN. Nobody can buy below the bid, and he paints 350k .0023 WTF.
A few days ago, I bought almost 1M .0034 & .004. This price is a super bargain deal.
Yes, I agree they need to push it higher.
I’m about to finish my DD, and I’ll post it here over the weekend. This will highlight the stock, and now Ihub members will have a clear picture of how amazing and undervalued it is. Stay tuned...
Yes, that’s the one I was expecting. There are 10 IPOs in the pipeline that Dato initiated last year, and 4 more should be completed soon. Once they’re done, he should have more than enough money for working capital and to buy back shares.
To be honest, I sold because the merger wasn't in the best interest of the stakeholders. Now that the merger has been canceled and they're working on a new one, I don't see any more red flags.
Someone just bought 1.4M at .0025, it is an awesome buy.
Looking at the filings, there hasn't been any major toxic note issued. I can't figure out who's doing the selling right now, but someone must be feeding OTCN. I think he's FAKE. Last week, I hit him with 980k, and he backed off, not leading the ask for a few days. I believe it's retail manipulation. He rounds the orders to OTCN while accumulating shares on the bid. He's been milking this stock for a while. We just need to hold tight until the volume comes in.
OMG! This stock is amazing. The DD I put together is going to put us on the high gear.
The idiot announced the news at 6:27 Central time when everyone was asleep, and nobody could buy. Only a few Pros can buy at 4 AM