Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
EPIC FAIL - Part Deaux in the making
If a tree falls in the forest and no one is there to hear it....
$114.53 traded so far....someone broke into the kids piggy bank....
How much OWOO could a woodchuck chuck
If a woodchuck could chuck OWOO?
As much OWOO as a woodchuck could chuck,
If a woodchuck could chuck OWOO
So speaking of spin, OWOO is not "in" Walmart, they are on their website only (as they have been there for several months with just 2 of the 4 dolls promised) - this latest news is nothing new and has coincidentally came out the same time that the paid IRP's joined this board.
As has been stated all along, this stock has nothing to do with doll sales - it is all about pushing paper - namely the newly minted 19 million shares issued for this latest PR stunt this week.
So as long as we are playing along, tell me this - do the math and tell me how many dolls and at what margin does the company need to produce just to cover this ongoing product placements (i.e. operating expense) and the ongoing interest expense and convertible debt? At what point does doll sales begin to turn a profit to start eating away at the $15 million in accumulated deficit - are we talking this year? Next year? 5 years? Ever?
It will be nice to see the IRP's move along after today so that we can get a break from the non-stop spamming and regurgitation of the same posts over and over again.
The sales figures speak for themselves - these are the Company statements, not mine:
"Cost of sales for the nine months ended September 30, 2014 was $34,861, resulting in a gross loss for the period of $1."
Page 17, Results of Operations:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001445866-14-001418%2Etxt&FilePath=%5C2014%5C11%5C12%5C&CoName=ONE+WORLD+HOLDINGS%2C+INC%2E&FormType=10-Q&RcvdDate=11%2F12%2F2014&pdf=
Total sales of $34,860 translates into 1588 dolls (at the advertised sales price of $21.95) over nine months - or about 6 dolls a day across all of their many retail outlets (company website, dollgenie.com, Wayfair.com, Sears.com, HEB, etc). The sales figures for the most recent quarter are trending in the wrong direction - gross sales were only $5692 (at a negative gross margin), averaging less than 3 dolls per day over the quarter.
Regarding margin, the Company has spent $6,248,763 for this same 9 month time period for Operating Expenses, Interest expense, etc. That translates into $3935 per doll sold - I may not know much about retail, but I do know from simple math that this can't possibly be overcome with a few online sales to Walmart.
Is it too early for Popcorn??
You are joking right? This company is $15 million in debt and you are touting a twitter account that has been inactive for two months and only has a handful of followers?? You are something else!! HAA HAA!!! (or are you just making your quota of posts for the day??)
Nothing to see here folks, move along....train wrecks happen everyday....the IRP's are only paid thru Friday....tomorrow will be more of the same.....
".....the tweets have been going up!!" - [sigh] yet again the purveyors of spam on this board continue to not actually check the facts before posting. OWOO's last post was 8 weeks ago on Sept 18 - prior to that single tweet, they had 4 weeks of silence about their "must have" dolls. Put simply, it has been nothing but crickets out of the Company....
The good news is that their twitter "followers" increased by 6 over the last month.... https://twitter.com/oneworlddolls/media
Unfortunately, no matter how much success they have in selling the dolls, even if "huge this season", does not diminish the margin they make after cost of sales.
For all of 2014 - the Company has essentially been selling the dolls at cost - here are the numbers straight from the quarterly report:
Sales (9 months) = $34,860
Cost of Sales (9 monts) = ($34,861)
Gross Margin = ($1)
That's right, you read that correctly - after the company has spent (literally) millions of dollars in promotion to get their product in HEB stores, Sears/Wayfair/Dollgenie/Walmart websites - the fruits of their labor is negative one dollar!
Getting one's foot in the door at Walmart is no small feat, but at what cost? Does the company continue to follow the Walmart mantra of slashing prices to get volume? OWOO has no room to cut the price any more than it has - the financial statements prove they are already at the breakeven point! Selling a zillion dolls at no margin results in no profits.
No, although clearly the doll sales they have been making this most recent quarter are at a loss. The point is that you are making statements that the dolls are in (the brick and mortar) stores and that this is somehow fabulous new news for the company, when in fact it is just a rehash of news put out months ago about getting their dolls on the Walmart website. The statement about the company "making plans" to be in stores sometime in 2015 has not yet come to fruition - and is yet again further delay from earlier predictions about being in big-box stores in 2013...then in 2014...and now 2015. Might happen....but until then, it is all just talk.
The real question is did YOU read the news?? The dolls are not IN Walmart, they are only on their Website. This is not new news - rather a rehash of previous announcements from months ago stating they are already selling dolls via their website.
Perhaps you missed my earlier analysis of the "news": http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108079185
LOL - next time check to see which board you are spamming on - that is the wrong chart! However, if you are trying to show where OWOO is headed, I think it is a good example!
Subsequent to September 30, 2014, the Company issued a total of 19,433,774 shares of our common stock for debt conversions of $34,825. This note appears to match closely to the value of the services for the latest IRP postings by Quality Stocks and their associates. I expect all 19 million to be churned this week.
This brings the O/S up to 68.3 million, an increase of 165% since the previous quarterly statement.
What is interesting about the debt conversion noted above is that it equates to a conversion price of $0.0018/share which is BELOW the par value of common share price ($0.0025) - so the company is actually giving away shares at a price that is lower than the nominal paper value!!
The good news is that the company has 500 million authorized in total to continue the printing press at their personal ATM machine....
Anyone ask Trent if we are in the "dilution zone" yet??
HOLY MOLY!!! ~ the Company had an accumulated deficit of $15,974,571 - yes, but the Company Sales of $5692.22 increased....er....ummmm.....I mean.....Company Promotional efforts increased to sell dolls at a profit....er....ummm....I mean.....we got all of our dolls in Walmart....well...ummm, yes, just their Website and not in stores....well....4 out of 5 (don't count the white girl doll Alexie).....but it is Walmart, not in stores yet, but they did place an order for some dolls (more than one) and we "plan" to be in stores in 2013....I mean 2014....or is it 2015...right after our cartoon series is out....yeah, that's it!
king koopa - Par value for the shares (without another reverse split), is $0.0025, so that is technically how low low it can go.
pained - you asked what will happen, how long can this go on. Theoretically, it can go on indefinitely. I am watching another stock, DOMK, that has reached par value, yet continues to churn millions of shares a day for the last 2 months. What you are beginning to witness now is the creditors starting to ask for their money back when the notes are due, and the company has now stated in this latest financials that they are delinquent. I suspect you will start to see more Darling type lawsuits being filed as the creditors start to line up after these notes continue to be in default.
Without any meaningful sales (especially at a positive margin, unlike this most recent quarterly results), the debts will continue to mount, the company will continue to do as they have stated they will issue more convertible debt. This is not just my speculation, but rather explicitly stated by the company in the quarterly statement as to what their business plan is in fact to be. When the money runs dry, the World Class Management team will move onto the next venture, just like they have done in the past.
Interesting - while trying to find out more info on the Darling lawsuit, here is yet ANOTHER lawsuit I found in the same jurisdication:
http://iapps.courts.state.ny.us/iscroll/
Search for Defendant = Daniel, Trent
CBS OUTDOOR INC., a Delaware corporation, formerly
known as VIACOM OUTDOOR INC.,
Index No. : 10 1590/07
Plaintiff,
-vs.-
TRENT T. DANIEL, an individual, dba MAKEOVER
HOUSTON.
Defendant
Breach of Contract - Default judgment in the total amount of $34,173
BUSTED!: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108096068
You may wish to spread the word amongst your minions....
EPIC FAIL!!
NO - they were not "recently" featured - this is from May (2 quarters ago).
If you are going to regurgitate "recent" articles like this, we will have to dig up "recent" tax evasion, felony forgery, theft, breach of contract, and credit card debt lawsuits to add to the one added a few days ago in New York: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100510113
LOL - you were dead on with your prediction of going RED today! So much for the "power hour"....
Here's your "Big News" - take your pick:
On November 4, 2014, we were named as a defendant in a civil lawsuit filed by Darling Capital, LLC, (“Darling”) a creditor of ours, in the New York Supreme Court, County of New York. The plaintiff filed a Motion For Summary Judgment in Lieu of Complaint the same day. The plaintiff alleges, among other things, that we defaulted on our obligations under a Convertible Promissory Note held by Darling. The complaint seeks, among other relief, judgment against us in the amount of $57,627.
Sales decreased to a meager $5692 on cost of sales of $13,988, resulting in a negative gross margin of ($8296). This compares to the previous quarter sales of $26,875 and a net margin of $9012.
Shares outstanding = 48,869,166 (an increase of 23 million or 105% since the last quarterly report)
The Company issued a total of 19,433,774 shares of their common stock for debt conversions of $34,825 (converted at $0.0018/share!!) - was this your $34,500 compensation fee?? Inquiring minds want to know!
OWOO Quarterly Results are in, and as Chocolate Al stated, it ain’t pretty. Here are the facts:
Shares outstanding = 48,869,166 (an increase of 23 million or 105% since the last quarterly report)
Total Liabilities = $5.9 million (an increase of over $1 million or 21% since the last quarterly report)
Accumulated deficit = $16 million (an increase of $1.5 million or 11% since the last quarterly report)
The good news – Operating/G&A spending has slowed to $648k for the quarter compared to $2.5 million for the previous quarter.
The bad (more like horrendous) news - Sales were a meager $5692 on cost of sales of $13,988, resulting in a negative gross margin of ($8296). This compares to the previous quarter sales of $26,875 and a net margin of $9012. The Company explains that the low levels of sales or promotional pricing of our dolls can result in these costs exceeding our sales in any particular period [duh!]
Interest expense is still killing the company at $465k for the quarter, and the loss on derivative liability exploded to $514k – these other expenses totaled $911k on top of the operating expenses.
The working capital deficit (i.e. the immediate money the company needs to run its business which measures the true health of the Company), is now at $5.4 million (up from $4.5 million or up 19% from the last quarterly statement.
At September 30, 2014, the convertible debentures and related accrued interest payable were convertible into approximately 241,019,000 shares of our common stock. As of September 30, 2014, several of the convertible debentures are delinquent.
Stockholder advances continued to mount and is now up to $544k.
On June 19, 2014, 20,000 shares of Series AA Preferred Stock were issued to each of the four members of the Company’s Board of Directors – these 80,000 shares have voting rights of 10,000:1 common shares – in other words they have effectively given themselves the voting power of 800 million shares.
On August 15, 2014, a total of 186,000 shares of Series BB Preferred Stock was issued to two officers and one of our founders upon their surrender of a total of 9,300,000 shares of common stock. These shares are convertible into 50 common shares each (or basically an even swap) – however, these have preferential rights over common shareholders now.
On May 12, 2014, the Board of Directors of the Company adopted and approved the One World Holdings Inc. 2014 Stock Option and Stock Award Plan (the “Plan”). A total of 2,000,000 shares of our common stock are available for issuance under the Plan to the World Class Management Team for their ongoing stunning financial performances.
The company paid out $570k during the quarter to consultants – of which Trent received $50k, and other family of officers and directors received $85k. Remember, the company gross sales (before cost of sales) was only $5.6k
To fund our operations subsequent to September 30, 2014, we incurred additional indebtedness totaling $68,000, consisting of convertible debentures totaling $50,000 and stockholder advances of $18,000.
Subsequent to September 30, 2014, we issued a total of 19,433,774 shares of our common stock for debt conversions of $34,825 (yikes – converted at $0.0018/share!!).
On November 4, 2014, we were named as a defendant in a civil lawsuit filed by Darling Capital, LLC, (“Darling”) a creditor of ours, in the New York Supreme Court, County of New York. The plaintiff filed a Motion For Summary Judgment in Lieu of Complaint the same day. The plaintiff alleges, among other things, that we defaulted on our obligations under a Convertible Promissory Note held by Darling. The complaint seeks, among other relief, judgment against us in the amount of $57,627. We are currently evaluating a response to this motion and intend to defend our interests vigorously.
We do not have sufficient cash at September 30, 2014 to fund future operations - ya think??
10 million shares - would that clear out the amount you guys were given to cover the $34,500 in PR? That sounds about right ($0.00345/share = about a 50% discount).
The company will have the latest quarterly financials out sometime between Nov. 17 and Nov. 24. We will then see if the statement by the Company and confirmed by Quality Stocks is in fact true for the statements about eliminating or reducing existing debt. We will also see how the inventory is looking to see if those 75,000 new dolls are in. We will also see how the company is progressing on its stated goal to reduce debt by 50% this quarter.
RKOS news out - acquiring oil properties from Minuteman Energy, a company that appears to have its own history with securities fraud charges against it:
http://www.rfcexpress.com/lawsuits/securities-commodities-exchange/oklahoma-northern-district-court/402415/acme-energy-company-llc-v-zephyr-energy-production-llc-texas-oil-investments-inc-minuteman-energy-llc-james-a-tillman-michael-meyers-and-john-king/summary/
Here is today's news - GLTA!:
http://www.accesswire.com/viewarticle.aspx?id=422819
No word on how RKOS is going to pay for this transaction.
Ah yes, the ole' "will to maximize exposure" business plan! doesn't anyone read what they write anymore for press releases?
Reminds me....I need to "embrace their pretty"....WE JUST GIRLS TO BE ABLE! (is Yoda writing these?)
LOL - today's news release is a rehash of what has already been announced by the company. Let's boil it all down:
1. The Company has re-stated that Walmart.com will carry their dolls - apparently they are just now getting around to initiating an "initial" order to fulfill the "must have" dolls.
2. The dolls will not be in brick and mortar stores this holiday season, but will be yet again delayed to "sometime" in 2015. Nothing solid yet since the press release states that these are just "plans" by OWOO.
3. New information - noticeable absent/deleted from the line-up is Alexie.
...could get interesting here today!....or NOT....
nice $450 paint job of the tape at the end....
Wonder if Joanie thinks the $37,500 spent on IRP's was really worth it or not....
I am confused, why are we trying to establish a base when you are stating that the ask is clearing out and we are headed into the power hour? Curious minds just want to know what the correct script is.....
So first we say "nice buys" going and "one MM left", then we hype up the "power hour" for the "closing push", change alias and cheer you on right?
Talk to me Puppet Man!
You forgot the rest of the script:
1. Regurgitation of all of the old press releases from months ago.
2. Present meaningless technical charting analysis on a penny stock (LOL!)
3. Pretend to have inside knowledge of impending press releases
4. Talk back and forth across multiple aliases about today's stock price action building a firm base, and clearing out the last few shares on the ask.
5. Tout the impending "power hour"
6. Chat about the social buzz for the week.
7. Exclaim bids are stacking for a strong close
8. Paint the tape at the end of the day.
9. Brag about the "huge" volume on about $5000 worth of actual activity.
10. Copy and paste information about the corporate website over and over again.
11. Lather, rinse, repeat the next day.
12. Disappear after two days of spamming leaving the bagholders to scratch their heads.
The Company made essentially the same statement earlier in the year about another $500,000 that was allegedly to be used for a "systematic reduction and elimination of existing debt": http://oneworlddolls.com/one-world-holdings-receives-500k-investment-from-private-equity-firm/
"This financing has provided an immediate cash injection on terms more favorable to One World Holdings, thus allowing for systematic reduction and elimination of existing convertible note financing that, upon conversion, could have resulted in the influx of millions of shares into the market,” she added.
Of course - hindsight, when reviewing the following quarterly statement after this glorious press release, none of the existing convertible note financing was reduced or eliminated. In fact new notes were added to increase the convertible debt.
What makes you think it is oversold? As of the last financials there were 67 convertible notes with tens of millions of shares potentially to convert - with the meager activity, why would you think they are done??
Is "building a strong base here" code for "going nowhere"?
LOL - what a difference a few months can make - the paid tout states a "current" price of $0.04 and a target of $0.15 - OWOO now trading sub-penny.
Here are some more winners that Third Point Research LLC predicted:
January 2014 - ADMD: http://thirdpointresearch.com/wp-content/uploads/2014/05/ADMD-Research-Report-01-16-14-1-1-11.pdf
Original price = $0.07
Target = $0.50
Current = $0.001
June 2014 - IDEA: http://thirdpointresearch.com/wp-content/uploads/2014/06/IDEA_REPORT_JUNE_8_2014.pdf
Original price = $0.23
Target = $0.42
Current = $0.0779
I am saying this company has carried this delinquency across two quarters and has been silent on any news about its' licensing arrangement - the only reason many here are invested - it just brings up the question do they even have a valid licensing agreement at all??
DOMK has been "getting ready" for almost 2 months....bring in the paddles for this company is flat line....
You missed the next paragraph which also goes on to state:
"On March 27, 2014, the Company paid $25,000 of the first $100,000 “Flat Fee” installment due the Licensor under the agreement. The other $75,000 due is presently past due." - this would be on top of the 2nd installment which is also past due.
Chocolate Al - you were dead on with your prediction!: http://www.pumpsanddumps.com/
Sales info will be out shortly (1-2 weeks) in the next quarterly report. The specific stated goals of the Company are officially stated here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107198651
Regarding the paid IRP's - welcome to penny stocks where this sort of thing is common - flood the message boards with useless, dated info in the hopes of drowning out constructive dialogue. The purpose of which is to cash out on convertible debt by creating the illusion of stock chatter.
Regarding Christmas sales....the 10K will reflect that sometime in early/mid-April.