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Yup - never again....
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. A settlement was reached on September 3, 2015, for the sum of $70,000, consisting of four payments with the final payment due on November 20, 2015. The first payment of $10,000 was made on September 9, 2015. No other payments have been made.
On December 3, 2014, WHC Capital, LLC filed a complaint against the Company, requesting $416,000 and alleging the Company's breach of contract and failure to deliver 22,545,900 shares of common stock pursuant to requested conversions of two promissory notes totaling $65,403. On September 9, 2015, both parties agreed to a settlement of $130,000 in the form of seven payments. There are currently two remaining payments due under the agreement.
On February 11, 2015, LG Capital Funding, LLC filed a complaint against the Company in the United States District Court, Eastern District of New York alleging breach of contract, anticipatory breach of contract and conversion relating to three convertible promissory notes totaling approximately $186,158 in principal and accrued interest. Following various hearings, on August 7, 2015, the Company was ordered by the court to pay $296,086 in settlement for breach of contract on the three convertible promissory notes. We are in the process of responding to this order and intend to vigorously defend our interests.
Gel Properties, LLC v. One World Holdings, Inc.: STIPULATION AND AGREEMENT OF SETTLEMENT: Plaintiff, Gel Properties, LLC (GEP or Plaintiff) and Defendant, One World Holdings, Inc. (OWOO or Defendant) hereby enter into this Stipulation and Agreement of Settlement (the "Settlement Agreement"), subject to the approval of the District Court. IT IS HEREBY STIPULATED AND AGREED: 1. OWOO agrees and shall pay to GEP the sum of $98,000.00 in three separate payments and subject to adjustments pursuant to the terms of this Settlement Agreement (the "Payments"), as follows: a. OWOO shall pay GEP the first Payment of $20,000.00 on or before May 21, 2015; b. OWOO shall pay GEP the second Payment of $45,000.00 on or before July 2, 2015; c. OWOO shall pay GEP the third Payment of $33,000.00 on or before August 13, 2015, and the following as further set forth herein. The Parties agree that Judge Lorna G. Schofield of the Southern District of New York maintains jurisdiction of this matter, including this Settlement Agreement. (Signed by Judge Lorna G. Schofield on 5/6/2015)
201129542- 7
Default Judgment - Civil ALIEF INDEPENDENT SCHOOL DISTRICT vs. DANIEL, SARAH M (INDIVIDUALLY & DBA IMAGINE INTERN
5/17/2011 133 Civil TAX SUIT
200770109- 7
Disposed (Final) DUNSON-HARRISON, NATALYNN vs. ENGENYX SOFTWARE CORPORATION
11/14/2007 280 Civil BREACH OF CONTRACT
200037267- 7
Disposed (Final) COMPUTER MEDIA AND SERVICES CORPORATION vs. DANIEL, TRENT T (DBA CREDIT FIRST FINANC
7/26/2000 080 Civil SWORN ACCOUNT
072984101010- 3
Complete(C) The State of Texas vs. DANIEL, TRENT T. (SPN: 01334728) (DOB: 09/26/1972)
8/10/1996 184 Defendant: Disposed(D)
Disposition: Disposed(DISP) FORGERY (F)
955124401010- 2
Dismissed(D) The State of Texas vs.
DANIEL, TRENT T. (SPN: 01334728) (DOB: 09/26/1972)
12/1/1995 11 Defendant: Disposed(D)
Disposition: Dismissed(DISM) THEFT-$20-200-CHECK (M)
067117701010- 3
Complete(C) The State of Texas vs. DANIEL, TRENT THOMPSON (SPN: 01334728) (DOB: 09/26/1972)
8/5/1993 184 Defendant: Disposed(D)
Disposition: Disposed(DISP) CRED CARD-PRESENT-OTHER (F)
01-DCR-034138
The State of Texas vs Trent Thompson Daniel
01/16/2001
268th District Court Adult Felony - Filed by Indictment
Disposed FORGERY/SJF
CBS Outdoor Inc v. Trent T. Daniel dba Makeover Houston
11/19/2007
Supreme Court of the State of New York, County of New York
Plaintiff having moved this Court for Default Judgment, and this Court having entered an Order on October 16, 2007, directing the entry of Judgment in favor of Plaintiff and against Defendant, Trent T. Daniel, an individual, dba Makeover Houston, in the amount of $26,823.54, with interest from June 30, 2006 at the rate of eighteen percent (18%) until the entry of judgment.
Looking forward to next month's financials and we can see just how much fluff Trey told us about "being able to nearly triple revenues in 2016": http://ih.advfn.com/p.php?pid=nmona&article=71585083
To give you a bench mark, 2015 Sales = $898,436
To triple that, 2016 sales would have to be = $2,695,308
Sales for 1st quarter 2016 were $56,668, leaving about $2.6 million remaining (or about 98% to go!) to be sold the remainder of this year to attain that goal.
Update on SEC actions to revoke the listing of BECC:
https://www.sec.gov/alj/aljorders/2016/ap-4006.pdf
I am betting on the Dream Babies 2017 "reboot" since they seem to have missed the " Spring 2016 Retail Season"... or perhaps to make another statement about "...at this time the company has no plans to increase our authorized shares above the current 500 million...er 2 Billion...." http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10858024
Trading suspension is lifted today...look for a 90%+ drop....assuming it trades at all...
I am calling the drop 20 min. before close....just my swag at it...
EMC has been paid $135,000 by Dedicated Emails on behalf of Valmie Resources for various marketing services including this report.
Confirmed junk: http://www.otcmarkets.com/stock/VMRI/profile
BECC - footnote to history....the genesis of BECC evolved from the shell of BERX - a company that was associated with serial scamster, Steven Plumb (ref. SEC suspended CYGX and a host of other Kathleen Delaney ventures): http://miresran.com/media/2014/04/02/breitling-said-to-be-latest-victim-of-alleged-pump-and-dump-group-berx-becc/
For those afraid to ask "what's next?": http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123541753
Just curious...been 3 months now....
The company has requested DOLL, TONR and TNNR as the preferred choices for the new symbol and FINRA is currently reviewing the Company’s request. While we hope to have approval from FINRA within the next two weeks, the review process could take longer.
http://www.businesswire.com/news/home/20160330005423/en/World-Holdings-Announces-Application-Ticker-Symbol-Change
Plans change I suppose....
https://globenewswire.com/news-release/2013/09/26/576093/10050070/en/The-One-World-Doll-Project-Begins-Production-of-Prettie-Girls-Cartoon-Series-and-Feature-Film.html
Birds of a feather...the genesis of this company (BERX) was doomed to repeat itself: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70707445
Trent's got a new ("recycled") plan.... http://supersaturdays.net/
Guess he is no longer "100% focused" on uplisting...
Horribly written PR....starting with "Big Box Reorders Support Growing Sales Revenue" - why not just come out and say "Walmart" in the headline?
Trey states ..."As I've mentioned before, new big box chain orders and reorders, clearly speak to our brand's growth potential." - HUH? Don't think I have EVER seen Trey quoted in any other press release - when exactly has he "mentioned before"? Besides Walmart, who are the other "Big Box Retailers"?
Melton concluded, "We are pleased to receive new orders and reorders from the big box chains, and we will continue to increase our sales revenues through the rollout of a comprehensive marketing program." - TOO funny! If you are a new investor, you are probably shaking your head as to who is "Melton"? from the context of the quotes, Trey was the one talking - is "Melton" Trey's new nickname?
On another note as I have "mentioned before", the one million dollar in sales comes at the expense of:
$1 million plus of interest and penalties for non-performance on delinquent notes (reference lawsuit judgements that are STILL not paid off)
$1.7 million in cash to fund operations in 2015
$6.85 million in total liabilities (not including derivative liability)
Selling a meager $12,193 (“the big box 2nd Walmart order”) on cost of sales of $229,787, resulting in a gross loss for the 4th quarter of $217,594 on doll sales
$174k in interest expense
Subsequent to March 31, issuing yet another 10 million plus shares at $0.0010/share (more than 50% off market value)
Maybe Real Time Resolutions has finally collected on that default judgment....
They cannot give updates because they are "100% focusd" (for the last 7 months) on getting uplisted to OTCQB as the next milestone! #makeithappen:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117458027
Inept - time to get a new regulatory filing legal team...
"The Registrant's Quarterly Report on Form 10-Q for the period ended September 30, 2015, could not be filed without unreasonable effort or expense within the prescribed time period because management requires additional time to compile and verify the data required to be included in the report. The report will be filed within fifteen days of the date the original report was due."
This is NOT the report for September 30, 2015, but rather for the 1st quarter 2016.
They do NOT have 15 days for a NT-10Q - it is five days
Nah....they are just waiting to update the upcoming (2013/2014) "new movie" release (http://oneworlddolls.com/the-one-world-doll-project-begins-production-of-prettie-girls-cartoon-series-and-feature-film/ ) to contain the new ticker symbol....
Interesting development - Walmart has come out with their own new line of dolls called "My Life" dolls: http://www.walmart.com/c/kp/my-life-dolls - my visit to the local Walmart shows these dolls and their related accessories dominating the shelf space - even more so than the Barbie line. The My Life line of dolls come in a wide variety of ethnic backgrounds, including African American, Hispanic, and others - each with a story line, and a TON of accessories. The One World dolls are still sitting on the "cheapies" isle, tucked on an upper shelf - still collecting dust...an no accessories.
The Walmart line appears well positioned to crush the competition, including Barbie.
Your scenario of spending $500 to deliver meds presumes there is an urgent need that cannot wait for the next crew boat. If that were the case, the company is not going to quibble over spending another $500+ on a charter helicopter to take the chance they will not have a helicopter on location to bring the employee to shore for urgent medical care.
If the meds are non-life threatening, why not just wait for the next regularly scheduled crew boat to bring it to the employee?
Even if there was a market for your scenario - how many $500 trips would it take to pay off that "million dollar" drone after paying for that 60 years of military service experience to fly it?
At up to 14 pounds for a delivery system - aside from a box of donuts, what exactly is so mission critical to the operations of a drill rig that would not otherwise be sent electronically and/or the next crew shift boat?
Regarding funding - the OTC is not a place for funding, it is for developing potential clients for their service. At 14 pounds per payload, that is ALOT of needed flights to justify paying for that "million dollar" drone.
Regarding VMRI - aside from their recently acquired flight license, what exactly do they bring to the table to their new joint venture partner? They have no technology, one employee, and no meaningful cash. As most joint ventures go, VMRI may enjoy what ever portion of the revenues that the partnership may bring in, but they also share in the costs associated with the venture. Hard for me to visualize any meaningful upside here.
Tweeted pictures of a guy holding a toy drone that appears to need a landing strip is not going to convince offshore companies to fly a few pounds out to a remote tiny helicopter landing pad offshore.
This latest "news" has no information regarding how VMRI intends to capitalize on a revenue stream for such services. More BS from this one man operation - no assets, no revenues, no plan, nothing...nada...zilch.
The "2nd Walmart Order" is reflected in the 10K:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121943576
$12,193 (“the big 2nd Walmart order”) on cost of sales of $229,787, resulting in a gross loss for the quarter of $217,594 on doll sales
The much anticipated Target sales went the way of Oprah's "2015 Christmas Favorite Things"....
10K Results
Company Merger announced late 2015 with Tonner cancelled - the merger never happened. Instead the company opted to change the company name to Tonner-One World Holdings Inc. with a proposed/pending ticker symbol change to DOLL, TONR, or TNRR. As part of the change in course, they created a wholly owned subsidiary called Tonner-One World Inc. (TOW).
Current Outstanding Shares: 447.1 million
An 11% increase over Q3 (403.1 million)
A 78% increase over the last year (251.2 million)
Current Authorized Shares: 2 Billion
A 300% increase over the last year (500 million)
As of December 31, 2015, several of their convertible debentures were delinquent (still) – the associated interest and penalties for non-performance of these notes stands at $1,048,335. OWOO states that an accrual was necessary until the aforementioned increase in A/S took effect (ie get ready for a dump). On a related note the Darling Capital judgment remains largely unpaid ($60k) and the WHC Capital settlement remains unpaid in full.
The company stated that they do not have sufficient cash at December 31, 2015 to fund future operations. For 2015 they used $1.7 million net cash to fund operating activities. There estimated 2016 needs are stated at $2.0 million. Current cash on hand is $5932 and some HEB Buddy Bucks.
At December 31, 2015, the convertible debentures and related accrued interest payable were convertible into approximately 2,496,336,000 shares of our common stock (vs. about 81 million the previous year) – more than the current A/S in the event all would convert.
The Company has now reserved $150,000 for “obsolete” inventories to reduce excess and obsolete inventories to their estimated net realizable value. (i.e. unsold returns?). On a related note, they have deleted the reference on Revenue Recognition being “net of returns”.
Robert Hines, former CEO of SEC Suspended EVSO, resigned as Director having served time 5 years for OWOO and has been released from probation on his own recognizance ?. OWOO no longer has any “independent” directors. “Grandma” Delaney, sister of Ms. Melton, remains on the BOD.
Total Assets = $124k, a decrease of 71% from 2014 ($429k)
Notes Payable = $460k, an increase of 283% from 2014 ($120k)
Total Liabilities (excluding derivative liability) = $6.85 million, an increase of 87% from 2014 ($3.67 million)
Quarterly Gross Sales = $12,193 (“the big 2nd Walmart order”) on cost of sales of $229,787, resulting in a gross loss for the quarter of $217,594 on doll sales (so much for the holiday sales and better margins due to bigger volume….). This is before $875,916 operating expenses for the quarter which includes the yearly $586k on advertising to sell those $12k of doll sales (“inept” is the word that comes to mind….).
Interest Expense continued to grow from $74k to $174k, a 135% increase.
After the filing date (Dec 31), 25,285,602 shares of our common stock for conversion of debt principal of $39,000 and accrued interest payable of $1,355 (or $0.0016/share)
LOL - yeah....like this part of the article...:
"One World merged with New York-based Tonner Doll Company in 2015."....only problem is that it never happened.....
Guess making public comments like how Trent turned the company into "million dollar sales" when it is factually incorrect really doesn't matter...
http://www.bizjournals.com/houston/print-edition/2015/05/01/how-i-turned-diversity-into-million-dollar-sales.html
Taking lessons from bull_dump and only adding after the lunch bell?: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121704865
Or is that plastic hammer not working?: http://cache3.asset-cache.net/gc/535401877-piggy-bank-clock-coins-and-hammer-time-money-gettyimages.jpg?v=1&c=IWSAsset&k=2&d=OkUIJph8IosZKdttNl7HfCJm5N9bCFT%2BYo2k1PtBoEXr83SGwbS3jjY%2BXzNLwItp
Authorized Share Count officially updated 4/1/16 to 2 Billion:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Xx%252bPwfoZNXPK6f4%252fvq7E2A%253d%253d&CorpName=ONE+WORLD+HOLDINGS%2c+INC.
10K ought to be interesting in another week or so.... especially since the big Walmart Sale was realized in the previous 10Q - the 4th quarter should show the big "2nd" order by Walmart, as well as all those hot "Christmas" sales from the other outlets (HEB, Fiesta, Amazon, Dollgenie, Rudolph's Misfit Toyland, etc...). More importantly, we will see a full quarter of the new doll line and the accompanied massive margin (because we all know that with increase volume sales, your cost of sales per doll go down).....
Will also be curious to see how the recently departed Board of Director member/SEC Recividist, Robert Hines, got in his severance....er....voluntary retirement package.
yes...ticker change....Trent/Robert Doll Designs (TRDD)....
guess we got our answer to this....: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86458228
Nah...be nice...it's just Donna Harvey sittin' on 44,603,682 (worthless) shares....
https://wordworry.files.wordpress.com/2014/02/weimar.jpg
A/S increase to 2 billion...300% jump...get ready for the printing presses to begin!
For all you old timers...that's 1.5 trillion pre-split.....
You forgot this one from October..."...focused 100% on QB status as $owoo next milestone!"
Looking forward to Dallas next week. More big box stores in 2016 and focused 100% on QB status as $owoo next milestone! #makeithappen
— Tonner-One World (@oneworlddolls) October 1, 2015
Thomas Cloud up to his old tricks again...
http://ih.advfn.com/p.php?pid=nmona&article=70668832&symbol=RBCC
Terra First Enterprises Inc.
3960 Howard Hughes Parkway, Suite 500
Las Vegas Nevada 89169
Attn: Thomas J. Cloud
why am I not surprised with today's filing with Terra:
Terra First Enterprises Inc.
3960 Howard Hughes Parkway, Suite 500
Las Vegas Nevada 89169
Attn: Thomas J. Cloud
Yeah...we been waitin' on that since 2013: http://oneworlddolls.com/the-one-world-doll-project-begins-production-of-prettie-girls-cartoon-series-and-feature-film/
Interesting for you to note on your old friend Mr. Cloud: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120853821
Yes - Steven Plumb has a history with the SEC: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117187743
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70707445
1:10 Reverse Split coming: http://ih.advfn.com/p.php?pid=nmona&article=70254823&symbol=VOIL
Yet another POS job by Steven Plumb & Co.
Not me...I have been consistent since my first post (#4 on this board) three years ago about my disdain for Robert Hines: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83799200
A sincere CONGRATULATIONS to the company for finally getting rid of this cancer - clearly having a former CEO of an SEC suspended company (EVSO) as their ONLY independent director on the board for the last 4-1/2 years (at ~$120k per year) has been a liability for them. Perhaps they can now move on. The only question in "HINES-sight" is why it took them so long - still - happy to see him go!
One of the remaining legacies of Robert Hines is that he is still a significant holder of the Series AA Preferred shares - he holds (as of last year's 10K) 20,000 shares which the report states equates to a voting power of about 19% since these preferred shares have a 10,000 to 1 (common share) voting rights. I will be curious to see how the Company manages that situation.
footnote: His resignation letter states Dec 31, 2015, yet the company says they received it on Jan 29 - why the delay on filing the 8K?