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"Big things coming" from DUTV's "Septuplet of SEC suspensions" CEO:
1. Explanation of what happened with the Natural Science deal (the only line of actual revenues) that was announced at the end of October which lasted only a few months and what happened with the "on target" revenue goals touted to be realized in May 2019?
As originally touted by Maurice Stone "[DUTV is] on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun":
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc?id=207655
2. An explanation of why the revenues touted above as being on target to reach $5 million are clearly off. The gross quarterly revenue from last quarter was only $18k - curiously, they did not include this amount in the nine month gross revenues (stated as zero). Worse yet, the cost of that zero revenue was $80k
3. The previously announced Lakota deal is nowhere to be found in the financials nor any mention on status of funding with White Wiggins & Barnes to fund the deal - why hasn't the company filed a notice of same?:
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Makes-Strong-Move-into-Hemp-Market-with-Lakota-Tribal-Cooperative-LLC?id=205923
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Engages-White-Wiggins--Barnes-to-Structure-Venture-with-Lakota-Tribal-Cooperative?id=207320
4. An explanation of how the progress of raising $50 million for the above Lakota deal is going. If the statement from Stone stating "We anticipate NET income from the 2019 crop to be in excess of $400,000,000." still on target?
5. An explanation of where the money went from the "sales of product in the amount of $204,730 that was delivered in the first ten days of December 2018. "
6. And where is the 10K (or at least a 10K-NT late notice)? and an explanation of why they think being rated "STOP" is a good thing?: https://www.otcmarkets.com/stock/DUTV/overview
STOP - Indicates companies that are not able or willing to provide current disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
Big things indeed....
Big things? Like the Lakota crop coming in....?
DUTV downgraded to "STOP" by OTC Markets: https://www.otcmarkets.com/stock/DUTV/overview
I guess without getting the 10K annual report, this means we will not get any explanation for the previous quarterly report questions:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148429447
Not that it matters - DUTV is now delinquent in filing their 10K annual report.
A trip down memory lane....Trent can do it ALL!:
https://vimeo.com/167761270
Ouch ... did not know they made that many zeros after the decimal point.... not even a 750:1 R/S can “get this out of the dilution zone, ya know”....
A couple more days.... to reap the benefit of “....being on target for $5 million in sales by May 2019” - it must be true because Maurice promised that this time is different having learned his lesson from the last six companies he led to SEC suspensions.....
So what’s the story Sweet-T? Everyone get paid?: https://pokerfraudalert.com/forum/showthread.php?18157-FreeRolls-Poker-Club-Scams-employees-working-WPTDeepStacks-Houston-event
http://jhig.com/is-freerolls-the-next-sponsor-of-poker-lab-radio/
http://jhig.com/freerolls-ex-dealer-speaks-out-records-entire-payroll-meeting/
More problems for this bunch of miscreants:
https://www.sec.gov/litigation/litreleases/2019/lr24470.htm
https://www.sec.gov/litigation/complaints/2019/comp24470.pdf
This action is in addition to the parallel actions by the SEC: https://www.sec.gov/litigation/litreleases/2017/lr23883.htm and https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146163001d https://www.courtlistener.com/docket/4543813/united-states-v-farmer/
No, no, no! It’s a triple Salchow followed by a double Lutz finished off with a Biellmann spin! Clearly DUTV is making a Tanya Harding move.....and just in time:
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO.
Maybe these dealers should talk with Stacy about not getting paid.... https://forumserver.twoplustwo.com/29/news-views-gossip/wpt-deepstacks-tourney-texas-already-trouble-1710038/index5.html
Lather....rinse....repeat....
More background on Maurice Stone, CEO of DUTV:
https://law.justia.com/cases/minnesota/court-of-appeals/2009/opa081257-0526.html
In addition to the criminal activity noted above that includes Eddie Austin Jr. - Maurice was involved with Eddie on a number of the six companies that were previously mentioned as being suspended by the SEC. Here is the latest on Eddie Austin Jr. for further reference as to the friends that Maurice runs with:
https://www.courtlistener.com/docket/4543813/349/united-states-v-farmer/
They are coming for ya Sweet-T!: https://www.click2houston.com/news/9-arrested-as-authorities-raid-2-houston-poker-rooms
Jeff -
Agreed - From Feb 2018 to Feb 2019 the share structure has been relatively unchanged.
Disagree - the Lakota deal has been touted as a done deal and should in fact be in the financials or at the very least noted in an 8-K filing as required for OTC Pink Reporting companies (https://en.m.wikipedia.org/wiki/Form_8-K).
From the press releases, the Company specifically stated "Digital Utilities Ventures, Inc. (OTC PINK: DUTV) is pleased to announce it has entered into a strategic partnership with Lakota Tribal Cooperative, LLC (LTC)" - I know you have argued that having "entered into a partnership" doesn't necessarily mean they have completed the partnership - but i tend to believe in plain English - one can take their own opinion of same:
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Makes-Strong-Move-into-Hemp-Market-with-Lakota-Tribal-Cooperative-LLC?id=205787
The Company went on to state in a follow up press release that "Digital Utilities Ventures, Inc. (OTC PINK: DUTV) announced today that it has engaged the law firm of White Wiggins & Barnes, LLP of Dallas, Texas in connection with its financial structure, capital funding and with its business venture with the Lakota Tribal Cooperative, LLC" - again for me plain English reading that the LTC is an existing business venture - nothing in this statement implies that it is "proposed", "pending" or otherwise not finished:
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Engages-White-Wiggins--Barnes-to-Structure-Venture-with-Lakota-Tribal-Cooperative?id=207320
Disagree with "the story has not changed" - really?!? Clearly from the previous financials, Maurice indicated in plain English that the company realized $200k+ in sales during the final week of December (ref. Page F-10):
"The Company had subsequent sales of product in the amount of $204,730 that was delivered in the first ten days of
December 2018."
https://backend.otcmarkets.com/otcapi/company/financial-report/210762/content
From the financials just released, that sales revenue suddenly disappeared:
"Revenue = $ 18,106 for three months ending Feb. 28, 2019"
I Maurice Stone, certify that:
1. I have reviewed this Quarterly report February 28, 2019 of Digital Utilities Ventures, Inc.
2. Based on my knowledge, this disclosure statement does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period covered by this disclosure statement; and
3. Based on my knowledge, the financial statements, and other financial information included or incorporated by
reference in this disclosure statement, fairly present in all material respects the financial condition, results of
operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
April 24, 2019
/s/ Maurice Stone CEO
https://backend.otcmarkets.com/otcapi/company/financial-report/217518/content
Taking on face value "nothing has changed" - how do you classify the hiring of a new CEO that has represented SIX SEC suspended companies, as well as the cancellation of the NHS partnership? Nothing new?
I guess Natural Science took their $204,730 of revenue with them from early December after calling off the deal with DUTV....
More observations on the financials:
1. Natural Science deal (the only line of actual revenues) that was announced at the end of October lasted only a few months and is now a dead deal. "As of February 28, 2019, the Company no longer operates Nature Science Health Inc and Health Evolution Inc."
As originally touted by Maurice Stone "[DUTV is] on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun":
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc?id=207655
2. The revenues touted above as being on target to reach $5 million are clearly off. The gross quarterly revenue was only $18k - curiously, they did not include this amount in the nine month gross revenues (stated as zero). Worse yet, the cost of that zero revenue was $80k....idiots....
3. The previously announced Lakota deal is nowhere to be found in the financials nor any mention on status of funding with White Wiggins & Barnes to fund the deal:
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Makes-Strong-Move-into-Hemp-Market-with-Lakota-Tribal-Cooperative-LLC?id=205923
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Engages-White-Wiggins--Barnes-to-Structure-Venture-with-Lakota-Tribal-Cooperative?id=207320
4. Cash reserves are down to about $4k....guess the progress on raising $50 million for the above Lakota deal is going a little slower than expected. The statement from Stone stating "We anticipate NET income from the 2019 crop to be in excess of $400,000,000." appears to be a pipe dream for 2019.....
5. There were 3,453,073,447 and 3,430,073,447 shares of common stock and 0 shares of preferred stock issued and outstanding at February 28, 2018 and May 31, 2018, respectively. sloppy typo - should be 2019. Further sloppiness - previous quarter showed 3,454,085,447 issued and outstanding and now they state a smaller number at 3,453,073,447 but did not calculate the value correctly at $3,454,486
6. From the previous financial quarterly statement in the subsequent event section it states "The Company had subsequent sales of product in the amount of $204,730 that was delivered in the first ten days of December 2018. " - WHERE IS THAT REVENUE NOW???
The Company entered into a joint venture agreement on September 17, 2018 with two individuals to form an entity Nature Science Health which was incorporated in the state of South Dakota on September 7, 2018. The Company has abandoned its joint venture on February 28, 2019.
Uh-oh.....
Oops - you are right! Wrong pic - http://www.tnfarmfresh.com/wp-content/uploads/2017/03/Farm-Safety-injury.jpg
This just in - Pictures of Maurice planting crops on Lakota land: https://smallfarmersjournal.com/wp-content/uploads/2016/06/sfj_the_mule_part_1_01.jpg (the asses are the ones in front.....)
DUTV downgraded to “Yield” based on not meeting their “late” filing deadline (5 days past April 15): https://www.otcmarkets.com/stock/DUTV/overview
Open comment to Stacy McBride Irby:
Congratulations on following your dream - use the lessons learned from blindly trusting those that pretend to be your friend (ref.: Trent T. Daniels) not discourage you - your raw talent, drive and determination will take you far.
Thanks for being candid on what really happened at TONR:
https://www.iamudolls.com/single-post/2014/11/11/This-is-the-title-of-your-first-video-post
The business experienced great success, unfortunately, the salary promised was never implemented towards me and my efforts. I had the opportunity to work from home, but my family was unfairly suffering financially. In 2017, I was again faced with a difficult decision, to walk away from another doll line that I created. I was completely deflated and wasn't quite sure if I wanted to start another doll business all over again from scratch. To contribute to my household, I worked customer service at a popular airline and shoe company.
Do share.... what is it this time? CBD oil? Bitcoin? Telemedicine? Biotricity? Home solar? Drones? Fashion Jeans? Perpetual motion machines? Drilling for oil on Mars? Kim K’s new law firm reality show? Poker rooms in Texas?
Unfortunately, the company continues to mislead investors - case in point:
Digital Utilities Ventures, Inc. Acquires Controling [sic] Interest of CBD Producer, Nature Science Health, Inc.
October 22, 2018
$5 million product sales by May 2019
Specifically this definitive statement by Maurice Stone:
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun."
The above statement is problematic for Maurice - it clearly states that they are on target for sales - meaning that as early as October 22, 2018, the company was already making product sales on a pace to equal $5 million. The funny thing about financial reporting is that one can readily catch up on this statement to see if it is true - the latest quarterly report, ending Nov. 30, 2018 (filed on Jan 21, 2019) shows ZERO revenues. Even the "subsequent event" showing a sale of products at $204k at the beginning of December is well shy of this mark and does not factor in ongoing cost of sales, depreciation and interest accruing at an alarming rate.
Also noticeably absent from the financials is any mention of the Lakota Tribal Coorperative announced the month before the financials were submitted - clearly one would have expected a short blurb about the deal since Maurice is counting on being "fully engaged" with them and for Spring planting to begin in just a couple months.
Further examples:
$400 million sales for 2019 :
Based on current market conditions, we anticipate generating approximately $90,000 gross revenues per acre based on harvesting 1,700 plants per acre, which translates to approximately 10-kilos of CBD distillate per acre. We anticipate NET income from the 2019 crop to be in excess of $400,000,000 - keep an eye on latest financials about to come out to see how bogus this statement was.
Yes, but is this TONR?!: https://tonneroneworld.com/
Nope - never happened.
The Company had previously announced a proposed merger transaction whereby OWDPI would merge with Tonner Doll Company, Inc. ("Tonner"), a New York corporation with a successful history of marketing and sales of collectible dolls. The Company formed TOW for the purpose of taking initial steps to begin production of dolls under the combined Tonner-One World banner. Following the formation of TOW, and prior to the closing of the proposed merger transaction, management of the Company and of Tonner determined it to be in the best interests of the parties to terminate the merger and explore other opportunities. Through the formation of TOW, the Company and Tonner have increasing opportunities to work together, and the Board of Directors of the Company has determined it to be in the best interest of the Company to change its name to Tonner-One World Holdings, Inc. to better reflect the combined focuses and prior historical successes of the two companies.
Read General Notes page 20 here: https://www.otcmarkets.com/filing/html?id=11556964&guid=vBV3UetBNHfXg3h
Tonner Doll Company in NY is not the same company as Tonner One World (revoked) registered company in Nevada.
Lol - you mean this website?: https://tonneroneworld.com/
OMG - too funny!
What share structure? The company hasn’t filed filings in two years and its business license is revoked.
Quarterly report should be out in a month or so - then we get to see how “on target” they are in reaching $5 million in sales....
As a point of reference as of Nov 30 they had zero revenues but did claim $205k at the beginning of December.
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc?id=207655
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019,"
Thanks - no disrespect intended - was more tongue in cheek. The latest 10Q after these press releases have zero mention of the Lakota deal. The press release statements about revenue will come back to haunt Maurice.
Of course your koncerns are not true 'cause I read it on that internet thingy/world wide webkins, so it must be korrect: https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Makes-Strong-Move-into-Hemp-Market-with-Lakota-Tribal-Cooperative-LLC?id=205787
"We anticipate NET income from the 2019 crop to be in excess of $400,000,000."
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc?id=207655
"The CBD market in the US is exploding and are on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019,"
"Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun."
LOL - Liberty Investments can't even afford a real office: https://www.davincivirtual.com/loc/us/texas/houston-virtual-offices/facility-1300
$10.50 + trade commissions - yipppeee.....<yawn>
The verdict?
Patriots = 10
Rams = 3
TONR = 0 (shares traded today)
John David Brotherton and ONYX back in the news: https://www.courtlistener.com/docket/4543813/united-states-v-farmer/
Scott Sieck and DOMK back in the news....
https://www.courtlistener.com/docket/4543813/united-states-v-farmer/
If you really want to analyze this to see if Trader53 has his next big hit, witness the one day activity last week - we traded close to 32 million shares - by TONR standards, clearly a banner day of interest - even if one were to take those entire shares as "buys" (at $0.0002/share), that translates into a mere $6,400 of buy-in activity. The next day of nearly negligible trading (my son's piggy bank would have carried the day), the stock dropped right back to $0.0001/share. Clearly this stock has no momentum, even with Trader53 touting a huge following, and spamming the board and private messages to members here with demonstrated false information regarding "imminent financials", "the next MJ stock", "TONR - Targets 0.0025 / 0.0075", and "Tonner-One World Holdings, Inc. Begins Submitting Pre-Merger Financials to OTC Markets" - clearly he does no research on even the most basic of facts (ref. the company is defunct having their business license revoked) - I guess it is no surprise that he put TONR and KATX (a company that has gone DARK) in the same post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146624342
Speaking to his track record, he was touting the same exact thing two months ago when the price was....exactly the same as now.... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145549795
I guess when (if) it ever pops, he will claim to be clairvoyant...on the other hand, even a blind squirrel finds a nut sometimes....
Not sure by what you mean by "So what's the verdict?? It's the real deal isn't it??" - if your question is about the company, clearly the answer is "no".
But I'm not sure if TONR is it or not. - if your investing style is like ordering Russian Mail-Order brides, you are in the right place!
Yeah.... gonna take cover over this sparkling turd: https://i.gifer.com/4v0j.gif
Response to Trader53 PM:
trader53 Member Level
Wednesday, February 6, 2019 11:49:30 AM
Expect a Reinstatement soon !
If you have non-public information, suggest you share this with everyone - clearly you are either full of BS, or you have non-public information you are trading on - which is it?: BS PUMPER or INSIDER TRADING??