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.
Why is this news? The financials show they have 325k debt with Apollo and Apollo has a reserve account with several billion shares to be held against that debt. According to the TA : Appollo cannot access the reserve more than 4.9% at any one time and has a history of only selling 5% of the daily market volume. ALL THIS HAS BEEN DISCLOSED BEFORE _ NOT NEWS! OTC companies with no revenues and technology that is still in development have to get money through convertible debt. This is nothing new and simply silly that anyone here points this out like it is exclusive to WRFX.
REG A: People, do your research, talk to the company and to Carden Capital. All this was explained on the FB live event. They have a deal with Carden Capital who has a verifiable fund of over 40M registered with the SEC. Carden will invest over 24 months 16 Million. Each traunch is based on a ten-day trading average with a 30% discount to market. However, they also agreed to never sell more than the equivalent of 1.81 % of the daily volume. That is a totally different dilution risk than the debt conversions people here have seen in the past and not enough to harm the market. Get informed and do not listen to half-truths!
I talked to OTC markets. There's only a yield up because their annual opinion letter from the attorney is expected to be filed any time and then yield will go away within 24 hours. According to the company, they're waiting on the opinion letter and it should be filed probably within the next 24 hours.
Greenfix.co is a patent with a concept and not a company at this time from what I could find. It was never mentioned in the facebook live event or anywhere else for years now. Not sure why some people here are just digging to be digging dirt. But here is the patent: https://goo.gl/PnUWFS Richard Henderson is a shareholder in WorldFlix
Oh yeah? lol How do we know that? My source shows they have major agreements with Comcast! Whats your proof?
pg 4
COMPANY OVERVIEW
The current WORLDFLIX PARTNERSHIP COMPANIES consists of:
1. Paranotek, LLC (www.paranotek.com)
2. Swantry, LLC (www.swantry.com)
3. iEldra, Inc. (www.ieldra.com)
4. Celsus, LLC. (www.celsus.io)
Here is another lesson: Read financials and do due diligence! The financials show the company just made a contract with Ieldra.com #clownsdowntread
Great post! I agree. I just hope the reg A is handled carefully and they only raise a minimum amount of money needed to execute the business plan since the Reg A creates dilution.
Old news! The CEO already answered this long ago. There was some IR company that added them without his permission years ago using "bots" and Twitter won't allow you to remove followers - only unfollow people yourself. Brad provided me the real number from Twitter Audit: 12,380 Real, 187,299 Fake. 12k really isn't bad but is not 200K! What impressed me was that the CEO seemed really transparent about everything. You should try talking to him sometime.
Probably because Brad controls WRFX, which owns control on paranptek. But deal with real concerns if there are any. People should have done their due diligence long ago. Plenty of credible info on the net to investigate. I asked the management tough questions and got them all answered. Try it. Brad calls ppl personally if requested.
Why don't you talk to them? All this energy over a misunderstood tweet. Most of us have talked to the CEO direct. Do some due diligence for god sakes.
Thank you. This is ridiculous!
This is ridiculous. The guy does a fundraiser for his birthday every year
The tweet was a FB duplicate post with the fundraising info cut off because it ran out of characters. At no time did he ask for.money for his birthday party. That's so out character for a guy who sits on the board of this major LA Charity, the idea he would ask for personal money is laughable and non sensible.
You couldn't be any more wrong. The tweet was a copy from Facebook post. Every year Brad uses his birthday to raise money for a non profit charity. He is doing so again this year with YMC. The tweet was the FB post cut off before the full post on FB because it was an auto post from FB to Twitter. dig a little deeper next time. Here is the proof: https://m.facebook.com/story.php?story_fbid=1880217702051812&id=142442265829373
This is silly. He clearly is raising money for his charity as a birthday milestone. Here is the original post in FB: https://m.facebook.com/story.php?story_fbid=1880217702051812&id=142442265829373
Then you haven't even read the report, have you? This is a pre Revenue technology company. Nobody was expecting revenues on the report. Why are you even here? It's obvious you don't know anything about this company and are talking with great ignorance.
Wow you can't fix stupid. Some people need to do their research before they post.
http ://www.globenewswire.com/news-release/2017/12/22/1270044/0/en/WorldFlix-Wraps-2017-With-Standout-Global-Cybersecurity-Subsidiary-Taking-Aim-at-Multibillion-Dollar-Security-Industry-in-2018.html
Best post I've ever seen here on this company! Congratulations on being one of a tiny few that actually get it. Why don't you email the company some of those questions or call them directly is there very communicative Within reasonable limits?
It's funny for us to hear ignorant comments from people who haven't done any research. Try just a shred of due diligence before you speak with you want to be taken seriously.
Sarg they don't need to make a dime - just verify their tech is as big as announced and the world will come!
If you really had the next best thing in encryption technology, would you rush it to market because a few guys like us whine and moan or the market is down? Hell no. You do what you have to protect the IP, make sure it is truly launching ready and you would know if it was that great, the market will jump when its time. You certainly wouldn't run your company based on market pressure!
Yeah, except the new guy makes generalities and assumptions without showing he had done real DD or has any significant background in successful investing. For example, assuming hiring management is a bloat move is a sign of lack of experience. Top investors know that management team is 75% for VC's and funds in investing in tech. All pinks stink etc. - who can make such general statements about companies based on the market they sit on? I walk into Target and assume all products are shit there because I had a bad experience? It's all too amateur hour!
That's interesting. But if you look at ALL VC's and larger Angels putting major bucks into tech companies, they bet on the jockey and NOT the horse. the management team is 75% of the equation in large-scale tech investing. You might want to look into that. Additionally, if they hire someone with sales background of big volume dal or B2B connections, that mean revs right away. Its a little silly to assume automatically that hiring is just bloating the budget without more insight and knowledge about the industry. I hope this helps guide you in the future. Cheers!
We know who doesn't know what's behind the curtains. The guy who told us there was no app and called it a scam. (Now the app is out) There was no technology and them Mick Davids came aboard (A cybersecurity top expert) and now says there is nothing again even though he was proven wrong over and over. LMAO
What part of building new chat app demo and international B2B business plan for billions got lost on you?
restructure Paranotek!!! What's your point!??
It says the global restructuring of Paranotek and nothing about WRFX. The company even tweeted about this now. Learn to read!
They said they are making a Ios version. That probably takes weeks.
why would the shareholder's consent to anything bad for them?
What??? Ridiculous. Go to Google Play store and search Swanlock. Is that fake? Don't ever due any diligence before you post?
From what I understand that regulation A+ has not been approved, and isn't even filed yet. So there's no way that dilution could begin when there's no offering out there.
You are right that anyone can build an app and advertise it. The DD is on the Parano technology that a patent was filed on. There is a whitepaper from the CTO that says the crypto technology they have developed is miles beyond any other crypto technology because it is built to withstand the supercomputers of tomorrow. That makes it instantly better than Whatsapp or Signal, for example. All Billion dollar apps. I add if the technology all checks out. I believe they need to show some real third-party validation at this stage.
FYI 400M shares issued went to the CEO. Adjust your numbers accordingly.
That's a silly and inaccurate comment. He first addressed the debt which is clearly on their financial sheets and records and show they have debt conversions which is never been hidden and everybody here who's taking a moment to read them would know that. So there is no deception here.
Let's hope not and hold them accountable. CEO did a podcast promising to not reverse without a shareholder vote of some kind. He also talked a lot about the dilution issue. Have you heard it?
I am waiting for the app to release and Reg A to begin. Then, we can get hard on them if they do not execute and perform!
Your very confused. No money from buys or sells go to the company. The company insiders have not sold a single share on the market. No market trades supply them any cash. Please do your research.
I agree with you there. There has been no news for 3 weeks. Maybe they got the message.
It seems you dont understand funding rounds. A few small investments totalling under 100k over 2 years is barely a "seed round". Even if you call that seed, no VC or professional investors expect real traction until the "A Round" is funded. Seed normally takes an idea into conception and thats what you have here. Now the A round will launch the company via the Reg A. Then its go time with expected metrics to determine if they are hitting milestones or not. Most people are here dont get that once they are A round funded and launched, you'll never see these prices again. Unless they fail after launch. Thats the risk we all take.