Just trying not to embarass my m-m-m-m-m-mama.
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Right again!!!!!!!!!!!!!!!
Looks like OWOO increased sales to a robust $833 last quarter, and only lost $3 on the units sold.
Unfortunately, they didn't actually get PAID for those couple dozen dolls, since accounts receivable are holding at just over a thousand dollars. And contrary to what th CEO says, the $$$$ owed on convertibles just keeps climbing. It seems like a nice touch to say that the debentures are "only" convertible into 2 and a half billion shares, only up a half million or so. BUT, when you take into account the fact that $350k worth of debt is no longer convertible into OWOO stock due to the judgments granted against the "World Class Management Team" you realize that OWOO's losses are not growing, but compounding.
Turd Sandwich.
Shhhhhhh!!!!!!! "Shorters are the only thing holding us back......" LOLOLOL!!!!!!!!
Nah, I've made a fortune shorting this turd. In fact, I'm going to cover again after the 10q comes out next week.
I'd say less than <2k then, too. If OWOO delivers to Walmart in October (LOL!), you can't expect walmart to pay before the merchandise arrives. I'm not expecting to see ANY of the much-ballyhoo'd $855k in sales to show up before the Q4 filings are released in March.
That is, if one of OWOO many judgment lienholders don't have a judge issue a writ to hold OWOO's funds. You know, judgments and such.
Here we go!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96178594
I kinda feel sorry for all of the new investors who missed out on all of the fun that surrounded OWOO back in the early days.
You guys haven't been around long enough to remember the review on walmart.com that was posted by a housewife who praised the dolls, but the profile pic was Trent T. Daniels. It's good stuff.
I have not purchased one of the dolls. After earlier posters/doll purchasers were singled out for cease and desist letters by OWOO for posting negatively here, and identified using OWOO's sales records, I decided not to order.
Just an informal poll here....
Does anybody care to predict what the Q2 sales will be? I'm predicting that sales<$2000.
What type of sales numbers would indicate a "hot" product, considering all of the national media attention, OWOO website, ToyFair "success," celebrity endorsers, Tonner, as well as retailers such as HEB, walmart.com, wayfair.com, toysrus.com, and amazon.com?
I was disturbed to see that Q1 sales were terrible, IMO, at only $736 for the quarter (and sold at a loss, I might add). I worry that the product will not be successful, regardless of where they are sold. I am aware of multiple doll lines geared towards minority buyers (including other ones designed by OWOO's Stacey McBride-Irby), and none of those lines are still being produced. Is it possible that the Prettie Girls! concept SEEMS like a better idea than it actually is?
Thanks for the input!
Yeah, we'll get the notice that it's going be delayed later this afternoon. It'll be out on the 19th.
I don't have the prerequisite criminal background. And I'm not very good at lying. But I'm certain I could turn their death-spiral around.
I'm pretty sure that a chimpanzee could.
Go Owoo.
Ok, so we can expect nothing but crappy fins until at least Q1 of 2016, when sales numbers MIGHT actually improve? More importantly, sales by themselves fix nothing. Selling products at an operating loss results in continued losses. OWOO has done NOTHING that would indicate to investors that profitability is a possibility.
Why invest now, when all indications are that fins will be bad and dilution will have to occur in the meantime for OWOO to remain in business?
It's like this... if you think the dolls are a great product and stand a reasonable chance of appearing on store shelves AND you'd like to be a part of it, invest.
However, this company has a well-documented history of burying shareholders and lenders alike. One thing was a PR'd share buyback (that generated lots of new investors) that instead resulted in a 750 for 1 Reverse split two weeks later (which killed shareholders). Since that time the company has continued to dilute the stock, with over a billion shares diluted since IPO, and debts that are convertible into another 4 billions shares, and most of that debt is currently delinquent. The fact that the company has been sued numerous times for defaulting on debts to lenders has people spooked, too. The fact that they only managed to sale $736 worth of dolls in Q1, despite spending hundreds of thousands of dollars in "compensated awareness campaigns" here and elsewhere touting great sales in a vain effort to promote the stock.
Add into that the fact that the principals behind OWOO have a well-documented criminal history, including serving time in federal prison for fraud, it just makes smart investors want to move on.
It looks good on the surface, but it's far from good once you peel the first layer or two back.
Good luck.
The list of companies that sold to Walmart and then bankrupted is lengthy.
The fact that most of those companies were ran better than OWOO but still failed speaks volumes.
Flashy PRs and vague promises do not result in success. Selling products at profit does. And to date OWOO has failed miserably and handling its business affairs. Did they hire the recently fired by Mattel Stacey Irby to recreate the line of dolls that led to her dismissal at Mattel? Yes.
Did OWOO successfully lobby to sell products to walmart based solely on their minority status? Yes.
Does any of this mean that that stock price will go up? No.
On the other hand.....
OWOO does have millions of dollars worth of delinquent debts that are currently convertible into over 4 billion shares of OWOO stock? Yes.
Does OWOO have extravagant G&A cost for a 4-employee operation? Yes.
Has OWOO failed to make a profit on any unit sold to date? Yes.
In spite of "successful" trips to Toyfair 2014 AND 2015, as well as distribution deals with walmart.com, wayfair.com, amazon.com, toysrus.com, the OWOO website and HEB stores, did OWOO only manage to sell $736 worth of dolls in Q1? Yes.
Just for emphasis, depsite all of those outlets, and in spite of over a million dollars expended in Q1, they sold $736 dollars worth of dolls. My kid made more money raking yards in Q1, just so's you knows.
These last items are the type of things that WILL push the PPS lower, no doubt.
OWOO is a joke of a company, ran by an ex-con who has nothing better to do with this time than name-call online with shareholders.
For reals... I think posting negatively about the stock is the only action OWOO's execs haven't done that was detrimental to the PPS, LOL.
If OWOO is such a pot of gold, then why is still laying on the bottom of the ocean at .003?
Criminal management, mountains of debt, lawsuits, dismal sales, no margin on the few dolls actually sold.... but it has "potential."
LOLOLOLOLOLOLOL!!!!!!!!
Did you just claim that the OWOO founder had an elicit relationship with his sister? Because I'm afraid that's out of bounds.....
Unless of course the OWOO Founder's well-documented criminal history includes crimes against women, too.
But we've already read in the filings from a previous suit that OWOO makes payment arrangements with lenders, then doesn't pay as agreed then either....
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=pcUVuFGfwU1JYIGOm3ZfNw==
OWOO management stupidly made deals with toxic lenders and foolishly spent the proceeds of those loans... Now OWOO has nothing to show but a mountain of toxic debt that will never be eclipsed by thin-margined sales.
I don't want to stop anybody from investing... I just want everybody to know that this thing is going to lose their money.
OWOO screws lenders but not shareholders? When did they make the change in policy towards shareholders?
OWOO is broke.
Yes, and I know that the judgment enables the creditors to seize whatever proceeds from sales that OWOO might have received from vendors such as Walmart.
It's not all old... it's a non-stop pattern that continues through today, only interrupted by Sweet T's prison stay(s).
Oh, The Flounder has said in multiple videos that he watches the boards here. I'm sure he just reads the posts and says nothing. LOL!
That's got to be the most pathetic thing I've ever heard....
OWOO is defaulting on all of it's debt to protect shareholders?
OWOO is defaulting on all of it's debt because it can't afford to keep the lights on. People keep asking about why there has been no marketing of the dolls, and the answer is obvious. OWOO is broke. They can't even make interest payments on the millions that they borrowed to start this turd.
When I watch a man get his broke down old white Cadillac repossesed, I don't think to myself, "There's an opportunity. I should owner finance a car to him!" When I see a company that can't honor its obligations, (or WON'T honor it's obligations, as some would proudly proclaim), I have to assume that I probably shouldn't be betting on those clowns.
So, at this point, we have $350,000 or so in documented judgments against OWOO, dozens of other delinquent convertible debentures worth millions, $855k in purchase orders that SHOULD be paid to OWOO in early 2016, and every indication is that the $855k worth of sales won't even exceed the cost of goods sold, since they never have to this point, AND millions needed to fund operations in the meantime..... and it's a buy/hold?
I wonder if this new judgment will be included as a "subsequent event" in the 10Q tomorrow?
BREAKING!!!!!!!! OWOO LOSES IN COURT AGAIN!!!!!!!!!!!
https://www.pacermonitor.com/public/case/6909418/LG_Capital_Funding,_LLC_v_One_World_Holdings,_Inc
REPORT AND RECOMMENDATIONS re16 MOTION for Default Judgment filed by LG Capital Funding, LLC. For the reasons set forth in the attached document, I respectfully recommend that the court deny the plaintiff's motion for contempt sanctions, grant its motion for default judgment with respect to the first cause of action, dismiss the remaining causes of action, and enter judgment against the defendant in the total amount of $296,085.72 (consisting of $284,500.97 in damages; $11,184.75 in reasonable attorneys' fees; and $400 in costs). I respectfully direct the plaintiff to serve a copy of the attached Report and Recommendation on the defendant by certified mail, and to file proof of service no later than August 10, 2015. Any objections to this Report and Recommendation must be filed no later than August 24, 2015. Failure to file objections within this period designating the particular issues to be reviewed waives the right to appeal the district court's order. Ordered by Magistrate Judge James Orenstein on 8/6/2015. (Orenstein, James)
This is one of four (that I can find) lawsuits filed by lenders against OWOO. There was a default judgment ordered against OWOO on Thursday, August 6, 2015.
Well, I guess we know where $300k of that $855k is going.
If you choose to bet that the PPS of a company that is unable to pay its debts will go UP, then you get what you get.
Is this DD too old, too?
MUST READ!!!!!
Factual DD on the OWOO Execs.
This was a press release by the Puppet CEO Melton on December 4, 2013.
“Due to better than expected fourth quarter sales we are pleased to announce that as of this morning One World has paid off over $65,000 in convertible debt to Asher Enterprises thus avoiding the potential influx of over 70 million shares into the market,” stated Joanne Melton, CEO of One World Holdings. “As revenues continue to increase we will remain focused on our plan to build shareholder value through the elimination of convertible debt and the implementation of a share repurchase plan in the effort to restore the Company’s stock price back to more attractive levels,” she added.
http://oneworlddolls.com/the-one-world-doll-project-announces-payoff-of-convertible-notes-as-part-of-debt-reduction-plan/
Instead, just two week later, a 750 for 1 Reverse Split was dropped on investors.
http://globenewswire.com/news-release/2013/12/19/598359/10062168/en/One-World-Holdings-Inc-Announces-1-for-750-Reverse-Split-of-Common-Shares.html
If that's not enough to make a person put their hand on their wallet every time these clowns start making "big announcements,".... well, they won't be trading penny stocks for long.
As far as the real "brains" behind OWOO, you have to look no further than the OWOO mouthpiece, the self-proclaimed "Rah-rah Man" and his criminal history as a person that has spent years in federal prison for fraud. He WOULD be the CEO if his criminal history didn't prevent him from doing so.
Just for reference, here are the Harris and Fort Bend County cases he PERSONALLY has/is dealing with:
201129542- 7
Active - 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
That doesn't include the four times that Sweet T's business practices have gotten OWOO sued in the last few months.
Gel Properties, LLC v. One World Holdings, Inc.
Plaintiff: Gel Properties, LLC
Defendant: One World Holdings, Inc.
Case Number: 1:2015cv01217
Filed: February 19, 2015
Court: New York Southern District Court
LG Capital Funding, LLC v. One World Holdings, Inc.
Plaintiff: LG Capital Funding, LLC
Defendant: One World Holdings, Inc.
Case Number: 1:2015cv00698
Filed: February 11, 2015
Court: New York Eastern District Court
WHC Capital LLC - v. - One World Holdings, Inc.
Case Number: 606422/2014
Filed 12/03/2014
Nassau County Supreme Court
Status - Pending
Darling Capital, LLC - v. - One World Holdings, Inc.
Case Number: 653388/2014
Filed 11/04/2014
New York County Supreme Court
Status - Disposed - summary judgment in favor of Plantiffs
But I'm probably wrong and am misreading all of the flashing lights, bells, and sirens that say "Do not invest."
This post is the OTHER way a missed period is a bad, bad thing.
Go OWOO!
Oh, they are based on the best indicator of all.... OWOO's previous financials and broken promises.
Depite the repeated (as recently as yesterday) claims by OWOO Puppet CEO Melton, the list and amounts of $$$ owed in the form of convertible debentures just keeps growing. Each and every time.
OWOO had sales of $736 in Q1. I'm giving them the benefit of the doubt by saying that they might get close to $2k in sales for Q2. I mean, they DO have deals (and have had) with toysrus.com, wayfair.com, walmart.com, HEB, amazon.com, and their own website. I can't imagine a world where you couldn't sell $736 dollars just by people mistakenly clicking "add to cart."
OWOO's overhead is unbelievable. How do you spend 1 million plus in overhead to sell $736 worth of dolls? Ask the CEO... they did it last quarter.
OWOO has obviously been made aware of all of the pending litigation... however, they erroneously have stated repeatedly that they have only been sued once, even though the DD proves that OWOO is a defendant in at least 4 new lawsuits, and is vastly overstating the "good natured relationships" that they have with holders of defaulted OWOO notes.
Lastly, OWOO always a fresh round of unsubstantiated "good news" to coincide with their unavoidable bad filings. Why would this time be any different.
We should know Friday, or at least know how long the filings will be delayed. If I'm wrong, I'll be wrong. But I won't be wrong. :)
Better yet, the next 10Q is due out Friday.....
I'm sure it'll chock full of good news. LOLOLOLOL!!!!!!!!!!!!!!
Load the boat.... OWOO needs to get as many shares out there as they can before they drop their trousers and lay that turd on shareholders.
I predict that the 10Q will reveal:
1. sales<$2000.00 for Q2
2. an increase in the number and amount of convertible debentures that are outstanding and/or delinquent.
3. An inaccurate accounting of the four (at least) lawsuits that have recently been filed against OWOO.
4. G&A of over one milllllllllllllion dollars for Q1.
I also predict a full-on "compensated awareness campaign" that will be in full effect from now until that filing is made public. I also predict that the 10Q will slightly follow another flashy, yet not completely concrete PR that will hopefully misdirect lenders away from the abortion that is OWOO's fins. ToysRUs, perhaps?
Go OWOO!
So they didn't dilute yesterday?
ermuhgawd..... dilution is over!
Here's my favorite part.....
At this time we are very happy with the results of our efforts to improve the company share structure by focusing on the elimination / consolidation of convertible debt held by what we classify as aggressive sellers. Over the past year, we have successfully eliminated or consolidated a large portion of this convertible debt and at this time the company has no plans to increase our authorized shares above the current 500 million.
That sounds sweet, except the financials show the complete opposite. The list of convertible debentures has grown exponentially, and the lenders have now filed at least 4 lawsuits over OWOO's default in payment or conversion.
These con artists just can't stop lying.
They're available for purchase... that's different than "being sold."
amazon.com, wayfair.com, toysrus.com, in HEB stores, and the OWOO website... and gross sales of $736 in Q1. It's in the fins.
That's not what CEO Melton said today.
It's OWOO's way of walking back the "in stores by October." This latest letter makes no such claims, but rather NOW says that the dolls will be available on walmart.com by mid-October, and gives no date for in-store roll-out.
We all know that OWOO's execs frequent this board, and if they have mis-stated their projections in this latest letter from the CEO, I'm certain that they will address my concerns shortly in another press release. If my assertion is correct, you will hear nothing further from OWOO clarifying the date of availability IN STORES.
Buh lee dat.
OWOO.
I may be "numb" but I do have reading comprehension skills, and I've seen these crooks in action before.
I'll insert the text and then ask a few questions.
As we enter into our final push the upcoming national roll out of The Prettie Girls! Tween Scene dolls in over 2,900 Walmart stores, I wanted to take a few moments to update everyone on the progress the company has made since my last letter. To begin, it is my pleasure to inform you that as of August 10 the company has received major retail purchase orders totaling over $855,000 and this has been achieved prior to our busy Holiday sales season! The Prettie Girls! brand is growing and we are extremely enthusiastic about the strides we have made thus far in 2015.
The Prettie Girls! Dolls have received new purchase orders from Walmart.com.
On our most recent conference call our Founder announced that we were expecting purchase orders from Walmart.com for the Prettie Girls! Tween Scene line and I am pleased to inform you that we now have those purchase orders in hand. As anticipated, the Walmart.com buyers opted to carry the new Tween Scene dolls and also the entire line of six Tween Scene fashion accessories as well. We are currently completing production on these new orders and will soon begin shipping to U.S. distribution centers. We expect the dolls and accessories to appear on Walmart.com by mid-October.
When are the dolls and accessories expected to appear on walmart.com? If you answered mid-October, you are correct!
When are the dolls expected to appear on store shelves? No answer, because it's not given. They are "entering into our final push the upcoming national roll out of The Prettie Girls! Tween Scene dolls in over 2,900 Walmart stores," but no definites are given. That, my friends, is what you call "walking back a promise."
Flashy PR.... dilution in 3...2....1.....
It's the OWOO way.
We expect the dolls and accessories to appear on Walmart.com by mid-October.
LOLOLOLOLOL!!!!!!!!!!!
What happened to the in-store deal?
Link to the 2 billion shares obligated to lenders....
From OWOO's filings.
At March 31, 2015, the convertible debentures and related accrued interest payable were convertible into approximately 2,047,943,000 shares of our common stock. Based on the assumptions used to estimate the fair value of the derivative liability at March 31, 2015 and assuming all lenders convert the notes payable at the March 31, 2015 conversion prices, the Company would have insufficient authorized shares of common stock to complete the debt conversions.
link to OWOO's filing... http://ih.advfn.com/p.php?pid=nmona&article=66930851
The actual truth is much worse than that. The convertible debentures were estimated to be worth 2 billion shares on March 31, 2015. On March 31, 2015, the PPS at close was .0075, or roughly twice the current PPS. Those debentures would now be convertible into roughly 4 BILLION shares of OWOO stock with the PPS dropping by 50%.
The good news is that (according to OWOO) a small number of product sold to Walmart at a miniscule margin (if any... all others have been sold at a loss) will somehow enable OWOO to pay the COGS, PO financing, G&A, AND allow them to pay off all of these debentures instead of converting into 2, errrrr...4 BILLION shares of stock.
LOOK OUT BELOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOWOO!!!!!
The fins clearly state that OWOO currently has outstanding convertible debentures that would convert into 2 billions shares of OWOO if converted. Even though most of the debentures are delinquent OWOO claims that the lenders are working with OWOO regarding the delinquencies.... The fact that at least 4 lenders have recently sued OWOO for defaulting on loans indicates that OWOO's assertion that lenders are agreeable are lies.
OWOO has no sales at this time. OWOO lacks the funds to produce their products. Production will be done using expensive PO order financing. Combine that with notoriously thin margins that Walmart demands of its suppliers, and you end up with lots of money spent for no profit, and usually losses on goods sold
OWOO WILL end up diluting this thing into oblivion AGAIN in the not too distant future, then RS.
There's 2 billion left to dump.... They won't be asking .003s for those, though.
OWOO might have added 100 million shares to the O/S since the last filings, but dilution is over. LOL!
More like under the bus, and haven't figured it out yet....
OWOO execs will draw there salaries, funders will get their discounted shares, and longs will get to watch their investment dwindle.
There's no other way with a company designed and ran strictly issue convertible debentures for $$ and repay with discounted stocks, with no intentions of actually turning a profit.
I understoodt that today was going to be a GAME-CHANGER here in OWOO-land.
People must be waiting until AFTER the big news to start buying....
It's weird how little birdies never chirp until AFTER the Trent T. Daniel Morning Show goes off of the air.
This stock is a joke, always has been a joke, and always will be a joke.
Look out beloooooooooooooooooooooowoo!