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Looks like the shares were probably sold to pay the mortgage.
LOL...did you look at the address on that document for the plaintiff? The address is for a single family home that is worth less than $100,000 in a depressed neighborhood. Do you really think that settlement went to a high roller. Check that SEC document one more time for the address. KOAN
In other words, this stock price is going nowhere for a minimum of 100 trading days. Glad my orders did not fill. Cancelling the trade.
Trade was entered on 2/27. Over 5000 shares at .08. Partial was done on Tuesday, still over 5000 shares GTC. Not AON
Both bids are over 5000 shares
My .08 bid from Friday that was GTC is still not showing on level 2. They are trying to get that 90k ask to break .10. Still have two different accounts with .08 bids and neither is showing on level 2.
Picked up more shares. Don't know why they were trying to push it into the .06's
WTH? I just slapped the ask at .095, my trade ticket is showing the fill at 15:03, but it is not showing on real time. It is still showing the last trade at 1:44:53PM
I just slapped the ask for 90 shares at .095. That should show them, it filled
You nailed it. This is effed up.
I have 2 bids on 2 different accounts. Both at .08 GTC. Nite has had the order for 6000 shares since Friday. They are not posting on level 2. So, the price is at .065...but my .08's...all 15,000 of them were not filled. WTF
No kidding. And I don't need you to question me or tell me otherwise. Period.
I don't feed anybody. I can say whatever I want. Maybe I need to back the distorter s to prove my point. How would you like that.
Shareholders that never question anything and get obsessive over something they have obviously invested too much money in which in turn allows management to get away with anything. I appreciate being able to question things that happen and get a reply from the management team. NOBODY IS PERFECT AND SHOULD NOT BE TREATED THAT WAY. I CAN SAY WHAT I WANT. SHAREHOLDERS RIGHTS.
I don't care how many shares I have, if there is something I don't like, I will bring it up. Pressure from the shareholders is what keeps companies on the up and up. I can be critical as a shareholder as long as it is reasonable.
well as much as I complain on these swings going down, I am still part of our 100k share club. 50 of us can completely lock this in for a strong run. I still think any selling under $1 is crazy. Should be interesting to see what kind of a run we get this year.
and how much has the float increased in one month.
Well, next week volume will slow down. The float is now 7,130,886 shares. There is only 50,000 unrestricted shares left that can hit float. If they need more money, they will have to raise O/S
APIC means nothing? Just historical data? Oooooookkkkkaaaayyyyy.
Technically it is not 16 million. It is the APIC that I though...and I could be wrong because this was ages ago...was supposed to be for Wais not paying himself.
Maybe they are his wife's shares or his son's...heck, knowing Wais he probably gave his dog some shares.
Wais resigned from KOAN...is he still considered and insider required to do a Form 4
I think that as well. Not all of Wais' shares were restricted, he needs to pay the bills and I would not be surprised if there was some infighting. It's just 1+1=2...Wais tenders his resignation, volume goes up unusually high for two weeks. I am guessing he dumps 1 million shares and walks away with 150k cash averaging down. The Q will tell the story. I am guessing it has to do with that $16 million debt on their balance sheet for Wais' "sweat equity"
Just checking...in two weeks, volume goes unusually high, the price is cut in half, and nothing from the company...that's okay? Just checking to make sure I got that correct.
I have been following this and since the Wais announcement the float has increased by about 900,000 share and there has been 900,000 shares traded as an unusually high volume. There are maybe 5 shareholders on this board. You tell me who has 900,000 shares to dump. And don't tell me it was several shareholders. This was holding strong at .20 for quite some time. This was a dump and not "scared" shareholders.
form 4 has to be filed by insiders. If you are an investor and you own more than 4.99% and you do not work for the company, you do have to fill out a form 4. However, all insiders for a company as small as this one, even under the 5% threshold would have to file a form 4 because they are insiders doing an insider transaction.
and if insiders/advisors/employees are selling, they should do a form 4
Like I say, out of the blue 1 million shares went into float over the past two weeks. Either it is Wais selling or the company selling. The company had to make a purchase in March to Joiant. Are they selling shares to raise capital?
From what we have seen go into the float and the recent volume, I am waiting to see a form 4. There is not reason for this kind of volume not to show a form 4.
float is now up to 7.1 million. Either they are selling shares to pay for the Joiant acquisition or Wais has been selling shares since his resignation. Like I say, volume has gone through the roof since that announcemnt, 900k traded since his resignation. Yes I know he is still with Textmunication.
Directly from the 8k
k. Notices. Notices permitted or provided in this Agreement shall be in writing sent to the Parties by (i) email, receipt of which is confirmed by the receiving Party, (ii) U.S. Mail, or (iii) any established national private delivery service, such as United Parcel Service or Federal Express, and shall be deemed delivered when received or, in the case of email, when acknowledged. All such notices shall be sent to the Parties at the following addresses:
To Einhaus:
Lester Einhaus
blessd5@mchsi.com
105 W. Clark St.
Pontiac, IL 61764
Zillow the address...my garage is bigger and worth more. That investor in the note is meaningless and knows nothing about nothing. If they were in a Beverly Hills address or a million dollar home, I may listen.
NEWS: LETTER TO SHAREHOLDERS
Resonate Blends, Inc. (otcqb:KOAN), a cannabis-based holding company (“the Company”), announced today an update to shareholders regarding the progress of its growth and strategic initiatives from CEO and Chairman of Resonate Blends, Inc., Geoffrey Selzer.
Dear Shareholders,
We started Resonate Blends with a simple mission --- to demystify cannabis. We developed the Resonate System to make Cannabis understandable, accessible and predictable to support the Wellness lifestyle. We empower people to live their best lives by developing proprietary and innovative branded products built on science and plant medicine. We are raising the concept of effect targets to a fine art.
Koan, the Resonate Blends product family, is based around a comprehensive system of interconnected experience targets that allow people to select the products that best fit their lifestyle and health objectives. Koan products are dedicated to the efficacy and precision of functional experience targets across a broad range of product categories.
We are currently finalizing development in cooperation with an award-winning strategic partner in preparation for the launch of our first product line of six products. These multi-use products deliver specific, predictable, reliable, effects in a format that is completely unique in the industry. The company has formalized contracts with the leading logistical and marketing partners and we are on target for our upcoming product release. This release will be followed before year end with our second product line that is already in full development.
Resonate recently made an investment into Joiant, the top selling CBD:THC pre-roll brand in California (according to BDS Analytics) with the option to fully acquire the company by March 26, 2020. Joiant is led by former Co-Founder of Pandora Media, Jon Kraft and Joiant Founder Lindsey Kirk, a former KIVA Confections ambassador. We are delighted with the Joiant deal as it supports several strategic goals of the holding company including a jumpstart for distribution to support the launch of our Koan products.
In addition to preparing for the release of the Koan products, we are also refocusing and building the Holding Company. After market analysis, we determined that the greatest value creation is in value-added brands. Therefore, Resonate’s growth strategy is to avoid investments in heavily commoditized assets and to incubate and integrate synergistic companies and partners. Vertical integration will occur only to support our product needs and or to provide consistent product quality that yields expected results and to manage margins and profitability at scale.
As a public company we can rapidly speed our growth through highly targeted acquisitions in the market place that support and enhance organic growth. We are in the process of restructuring our balance sheet to align capital raising and acquisitions with our long-term strategy which means raising and supporting long term capital vs short term capital raises.
We appreciate your support of our company and we look forward to sharing more news with you in the near future.
Non-Disparagement and Removal of Prior Comments
a. Non-Disparagement. Einhaus shall not disparage the Textmunication Parties, or any other officer, director or employee of Textmunication. For purposes of this Section 6(a), “disparage” shall mean any negative statement, whether written or oral. Without limiting the generality of the foregoing, Einhaus shall not post any comments regarding Textmunication, Wais Asefi and/or David Thielen in any Internet message forums such as iHub, or on any other internet or social media platform such as Facebook or Twitter.
b. Removal of Prior Comments. Einhaus shall take all reasonable steps to remove prior comments by him in Internet message forums related to Textmunication, Wais Asefi, and/or David Thielen. For each such prior comment, Einhaus’ obligation under this Section 6(b) shall be satisfied upon either (A) the comment actually being removed from the message forum, or (B) Einhaus having (i) identified each comment individually; (ii) requested to the moderator of the Internet message forum pertaining to each comment that each comment be removed; and (iii) provided to the Textmunication Parties written proof of his completion of (i) and (ii).
7. Einhaus Statement. Einhaus shall provide to the Textmunication Parties a signed statement in the form set forth in Exhibit 2 hereto.
Company Sues Angry Investor For Alleged Libel, Defamation
By Hannah Meisel
Law360 (April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
--Editing by Breda Lund.
Company Sues Angry Investor For Alleged Libel, Defamation
By Hannah Meisel
Law360 (April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
--Editing by Breda Lund.
Company Sues Angry Investor For Alleged Libel, Defamation
By Hannah Meisel
Law360 (April 4, 2018, 9:29 PM EDT) -- Executives of a California-based company that specializes in helping businesses reach out to customers via text messages sued an investor in Illinois federal court Wednesday, alleging he posted dozens defamatory and libelous comments about the executives in online forums.
Textmunication’s CEO Wais Asefi and Chief Operating Officer David Thielen alleged Illinois resident and investor Lester Einhaus libeled and defamed them on multiple online message boards centered around penny stock investing. Einhaus, who lent $25,000 to Textmunication in September 2015, allegedly began posting the defamatory comments in 2017 after he demanded that the loan obligation be satisfied and demanded an amount of shares of Textmunication “well in excess of what he was entitled to under the terms of the loan,” the complaint said.
“Beginning around 2017, Einhaus began posting numerous messages on various internet message boards under various user names relating to Textmunication,” the complaint said. “In addition to posting false, defamatory and misleading information about Textmunication, Einhaus posted false and defamatory messages and information about Asefi and Thielen. Einhaus also began to harass Asefi via telephone and made numerous threats against him.”
Asefi and Thielen said in their complaint that they sued to hold Einhaus liable for his “defamatory and otherwise tortious conduct” and to prevent him from continuing posting comments about them online and threatening them in the future.
Einhaus allegedly went by three separate usernames in an online forum where traders discussed penny stocks, and between those three accounts, Asefi and Thielen alleged Einhaus posted over 150 libelous and defaming messages about them. Asefi, whom Einhaus refers to mostly by his first name, receives the brunt of Einhaus’ criticism in the messages, along with his wife, Rezwana, whom he repeatedly calls a “gold digger.”
“Wais Asefi is a scam artist and everyone in the Martinez California area knows,” one comment included in the complaint reads. “His wife Rezwana spends the shareholders money as quick as she can get her hands on it. The truth will be uncovered.”
Einhaus’ aliases alleged that Rezwana spent shareholders’ money on getting her nails done, saying she “needs money constantly.” Einhaus also allegedly posted comments taunting the Asefi family, regularly naming the couple’s son Juleon.
“How are the bills paid and payroll met is the magic question,” Einhaus allegedly wrote in June. “Wais needs a lot of money to maintain his life style with wife Rezwana. He also has his oldest son Juleon Asefi on the payroll. Shareholders flipping the bill for family bank.”
On June 20, Einhaus allegedly posted two separate comments suggesting Asefi and Thielen had committed crimes with shareholder money.
“Wais Asefi and David Thielen will be behind bar's soon enough,” one comment said. “They pulled some serious stuff with some share selling on the side to line there [sic] pockets.”
Another comment said simply: “Wais and David your days are numbered. Tick tock tick tock.”
As the summer wore on, the comments eventually transitioned to all caps, and in one such comment in August, Einhaus allegedly accused Asefi of seducing his wife into adultery.
“WAIS LURED MY WIFE AND I INTO LIES,” the comment said. “HE TOOK OUR MONEY AND EVEN THEN HAD AN AFFAIR WITH MY WIFE. REAL SCUM BAG. BAD FOR SHARE HOLDERS AND MANY IN MARTINEZ CAN'T STAND HIM. DOES THAT HELP YOU. SHOWS THE INTEGRITY OF THE CEO.”
The complaint also alleged Einhaus threatened to kill Asefi in June. During a phone call, Einhaus allegedly told a Textmunication adviser, Shelly Singhal, “that he was going to drive to California to kill Asefi,” the complaint said. Einhaus allegedly stated he was not going to fly because “there are records," so he was going to drive, according to the complaint.
The seven-count complaint alleges Einhaus defamed both Asefi and Thielen, plus inflicted intentional emotional distress on them both.
“These false statements are defamatory under Illinois law because they impute that Asefi committed criminal offenses, impute an inability to perform his job for want of integrity in the discharge of duties of office and employment, impute a lack of ability in his profession and business, and falsely accuse Asefi of fornication and adultery,” the complaint said.
The complaint demanded the court enjoin Einhaus from continuing to post comments about Asefi and Thielen, alleging that as long as Einhaus’ messages remain online, the pair will continue to suffer “irreparable injuries.”
Representatives for the parties could not be reached for comment on Wednesday.
Thielen and Asefi are represented by Michael Crane, William Jones and Peter King of Canel King & Jones.
Counsel information for Einhaus could not be determined on Wednesday.
The case is Thielen et al. v. Einhaus, case number 1:18-cv-02421, in the U.S. District Court for the Northern District of Illinois.
--Editing by Breda Lund.
Wais resigned on 1/20/20 according to the 8k. So he is no longer an insider.
According to the 8k, he resigned on the 20th. The day after the announcement we have the largest volume in over a year. That tells you his shares are not restricted and he is dumping.
I know you are all happy because Wais is selling his shares and you can jump for joy, but I am not listening. No one is. There is just five of us on this board.
No kidding. I don't think the Ask matters right now. I have a feeling Wais is methodically dumping. I don't think there is a leak out provision on his shares that are no longer restricted. Just curious to see how many he decides to dump. All selling at this point will be Wais until the volume drops. Would be interested to know who the buyers are. Looks like they are picking up all that he is selling as soon as he puts his order in.