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Lookie here another text... (it’s very cold out here fishing) Hill creates a website last month, claims it already has 500 users...and sold it to Inmg ‘without specifics of course’:) it’s looking up already...why isn’t this news?
LOS ANGELES, CA November 13, 2017 (InvestorsHub NewsWire), Innovativ Media Group, Inc. (OTCPK:INMG) ("Company"), a multi-media content producer and distributor, today announced that it has acquired //localcannabisdispensary.com an ad supported and subscription based directory and search engine for over 500 cannabis dispensaries and stores which will be exclusively available on CannaNet.TV //www.cannanet.tv/ scheduled to launch on November 28, 2017.
The Company acquired the business from Total Sports Media, Inc. in exchange for the issuance of restricted shares of the Company's common stock
Registrant Contact
Name: Michael Hill
Organization: Total Sports Media, Inc.
Mailing Address: 5662 Calle Real #231, Goleta CA 93117 US
Phone: +1.8053089151
Ext:
Fax:
Fax Ext:
Email:mhill@totalsportsmedia.com
Important Dates
Updated Date: 2017-10-06
Created Date: 2017-10-04
Registrar Expiration Date: 2018-10-04
https://whois.icann.org/en/lookup?name=localcannabisdispensary.com
USTC Has Reduced Authorized Common Shares to 500 Million
Nov 13, 2017
OTC Disclosure & News Service
-
MISSISSAUGA, ON / ACCESSWIRE / November 13, 2017 / USA Real Estate Holding Co. (OTC PINK: USTC) is pleased to confirm that the Company has reduced authorized common shares to Five Hundred Million (500,000,000) and authorized preferred shares to Fifty Million (50,000,000). The Amended Articles of Incorporation have been filed with the state of Delaware.
Bilal Shafi, CEO of USTC, stated, "We firmly believe that this major share reduction is in the best interest of our shareholders and it's an important step towards our commitment to enhance shareholder value."
ABOUT USA REAL ESTATE HOLDING:
USA Real Estate Holding Company (OTC PINK: USTC) is a public holding company that targets acquisitions of undervalued, niche companies with high growth potential, including real estate properties, Fintech companies, and other emerging digital technologies. For more details, please visit www.usarealestateholding.com.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events of future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Bilal Shafi, CEO | info@usarealestateholding.com | Tel: 866-557-5745
SOURCE: USA Real Estate Holding Company
Copyright © 2017 Accesswire. All Rights Reserved
Interesting...
Share Structure
Market Value1 $171,314 a/o Nov 10, 2017
Authorized Shares 25,000,000,000 a/o Nov 03, 2017
Outstanding Shares 1,713,143,950 a/o Nov 03, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value Not Available
Transfer Agent(s) Verified by Transfer Agent
Transfer Online, Inc.
Kenergy Scientific, Inc. Announces Definitive Agreement Completed with Parliament Holdings Inc.
MIAMI, FL -- (Marketwired) -- 11/13/17 -- Kenergy Scientific, Inc. (OTC: KNSC) today announces that it has completed a major milestone in the acquisition of Parliament Holdings Inc. a company that owns and operates Parliament House, a 40-year-old established Resort located in Orlando Florida with $ 6.0 million in annual revenues projected for 2017, In the next 30 days, the company will transition in the new management, file their notice for a symbol and name change. The new company plans to expand their existing operations and begin construction on additional buildings to the resort.
KNSC will appoint Don Granastein, as the new CEO, who has been the owner and president of Parliament Holdings for the past 18 years.
M. Donald Granatstein - CEO of Parliament House Resort and The Gardens Timeshare Resort since 1999. Increasing revenue from $4.0 million to $6.0 million and generating $7.0 million in timeshare sales. Previously, Mr. Granatstein managed a number of resort and timeshare operations, consulted to hotel chains, and managed the public company of Debbie Reynolds Resort, Inc.
Susan Unger - COO of Parliament Partners, Inc. responsible for all operational aspects of the properties, their maintenance and personnel. She has held comparable positions with various resorts and timeshare properties.
"We are very excited for this opportunity, and are prepared to execute our expansion plans for the Parliament House, and create what will be a world premier resort for the LGBT community," said Don Granastein New CEO of KNSC. "We will create a lifestyle that will bring together the necessary infrastructure and resources needed for the Resort community." To date, no one has created the necessary infrastructure to capture all phases of this resort:
Entered into first of its kind agreement with RCI where they have assigned significant points to every hotel room under Parliament Partners management for specific use by the gay community.
In discussions with major hotel chain for construction of the world's first gay branded hotel featuring an additional 150 units on the Company's Orlando properties.
Acquisition of additional resort and entertainment facilities.
Licensing of Parliament House brand and operational structure to other resort locations.
About Parliament Holdings:
As the world's premier, and only iconic brand in the Gay community for 40 years, the Parliament House name and reputation is a significant competitive advantage. To date, no one has created the necessary infrastructure to capture all phases of the gay lifestyle -- until now.
Parliament Partners Holdings, Inc. will bring together the resources needed to engage the gay community on all levels, and in every phase of their life -- relaxation and fitness, banking and, insurance, and senior care, all dedicated to the unique needs of the gay community.
Added to these is the overall management and operations processes that have been put in place by Parliament Partners Holdings' management which set apart the overall experience of its guests. These processes assure that each customer experiences a secure, relaxing, and enjoyable visit.
Parliament Partners social media receives 5,000 unique visitors per day making it the place others come in their attempts to reach the gay community.
Overview
While there are no definitive studies completed to date, those that have been undertaken indicate that the Lesbian, Gay, Bisexual, and Transgender (LGBT) Market in the United States consists of between 4% and 10% of the general population. This puts the estimated adult population at between 14 million and 30 million adults in the US alone.
Parliament Partners, through its various operating units and future affiliations, intends to address the ongoing and unique needs of the Gay Community by providing destination tourist locations where they can feel secure and accepted, as well as the goods and services specifically designed to meet their needs.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
Kenergy Scientific, Inc.
Phone: 800-277-0321
Email: infoknsc@otcpubco.com
Source: Kenergy Scientific, Inc.
Marijuana Accelerator, a Division of Player’s Network, Inc., Announces Strategic Partnership with Mobovivo, a Subsidiary of ePlay Digital Inc.
Nov 13, 2017
OTC Disclosure & News Service
-
LAS VEGAS , NV, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Player’s Network, Inc. (OTCQB:PNTV), a publicly traded diversified holding company operating in media and marijuana, announced today a partnership with Mobvivo, a subsidiary of ePlay Digital Inc. (CSE: EPY) to power web and mobile apps for PNTV, Marijuana Accelerator and its clients.
Marijuana Accelerator is currently working on unique, scalable projects which utilize technology to better serve the marijuana industry. Through this partnership, Marijuana Accelerator will apply the technology, team and expertise of Mobovivo to deliver innovative technology solutions for the marketplace.
The companies have already selected the first new project to accelerate and are finalizing the development agreement. This project is currently in stealth mode and will launch as new travel app with community building features in the coming months. The companies anticipate over $1 million in further projects and developments over the next 2 years.
Mobovivo’s team of engineers are expert developers who enable users and brands to create dynamic, context, interactive, and location-aware experiences including mobile games, customized advertising, and apps (mobile and web). The project will include the use of a cryptocurrency.
“Marijuana Accelerator is focusing on companies in marijuana media and marijuana tech so there is a lot of need for development,” says Brett H. Pojunis, member of PNTV’s Board of Directors and Co-Managing Director of Marijuana Accelerator. Pojunis continued “we have some remarkable projects we are working on and having the confidence in your development partner makes it easier for us to stay focused on our core competencies.”
“We are thrilled to bring Mobovivo’s team, experience and technology to the PNTV family. The opportunities are simply enormous,” says Jeff Robinson, Co-Managing Director of Marijuana Accelerator.
“Mobovivo has built several first-to-market apps for companies big and small,” says Trevor Doerksen CEO & Founder ePlay Digital and Mobovivo. Doerksen continues “our team understands what it takes to build and accelerate a new technology whether it’s for Fortune 500 companies like ESPN or Intel or for the next startup looking to become a unicorn.”
To sign up for investor alerts, please visit: https://ir.playersnetwork.com/investor-alerts
About Player’s Network (PNTV)
Player’s Network is a diversified company operating in media and cannabis markets. PNTV owns approximately 89% of Green Leaf Farms Holdings, LLC (Green Leaf Farms), which holds cultivation and production license(s) awarded by the state of Nevada. The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them to create extracts which are used for cartridges, oils and edibles. WeedTV.com is developing the ultimate resource for the marijuana lifestyle within our media operations.
For more information please visit www.PlayersNetwork.com
Please visit our Investor Relations site https://ir.playersnetwork.com
Sign up for PNTV investor alerts: https://ir.playersnetwork.com/investor-alerts
About ePlay Digital
ePlay Digital Inc. develops real-time fan engagement technologies that enable TV networks, venues, teams, leagues and brands to evolve and meet the demands of today's highly-engaged audiences. ePlay bridges the gap between traditional broadcast and dynamic, next generation multi-platform networks that deliver interactive content, live streaming, augmented reality, fantasy sports, and social media across multiple devices. ePlay is operated by a team of sports, gaming and eSports authorities as well as broadcast and digital technology industry experts, software engineers and athletes who have brought the Mobovivo Sports Game Engine to market and successfully partnered with companies including Time Warner Cable, ESPN, Sony Pictures, AXS TV, Intel, AXN, Fiat, CBS, Cineplex, and others.
Further details are available under the Company’s profile on SEDAR at www.sedar.com, and the Company’s profile on the CSE’s website at www.thecse.com/
Canadian Securities Exchange (CSE): Symbol EPY
Deutsche Boerse Xetra - Frankfurt Stock Exchange: Symbol 2NY2; WKN: A2AN4D; ISIN CA26885W1041
About Marijuana Accelerator
Marijuana Accelerator is an ecosystem for the marijuana industry designed to connect entrepreneurs and investors to our network and develop partnerships. Marijuana Accelerator’s mission is to “identify and develop ventures in the marijuana industry.” Marijuana Accelerator is used to identify ventures focused on seed to sale solutions and new technology.
For more information please visit www.MarijuanaAccelerator.com
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Source: Uptick Newswire
Player’s Network Contacts:
Investor Inquiries:
Brett H. Pojunis, Director
Email: ir@playersnetwork.com
Office: 702.840.3272
U.S. Media Inquiries:
Lisa Mayo-DeRiso
Email: media@playersnetwork.com
Office: 702.403.7779
European Media Inquiries:
Jeff Robinson
Email: jrobinson@playersnetwork.com
Office: 702.840.3298
ePlay Digital Contact:
Trevor Doerksen, CEO, and Director
Telephone: (403) 775-9475
E-mail: info@eplaydigital.com
Website: www.eplaydigital.co
Copyright © 2017 GlobeNewswire. All Rights Reserved
Sunvalley Solar Wins Bid To Build a 1.1 Megawatt Solar System for Major Dairy Provider
Nov 13, 2017
OTC Disclosure & News Service
Walnut, CA -
Walnut, California Nov 9, 2017 Sunvalley Solar, Inc. (SSOL) today announced that it has been chosen by Hollandia Dairy to build a 1.1 MW-DC solar system that will help the dairy farm save around $200,000+ annually on energy. Hollandia Dairy has been in operation since 1950 and is carried by national chains like Walmart and Big Lots.
Dairy farms require a lot of electricity to keep their storage centers ventilated and milking machines constantly running. As a dairy provider to grocery outlets and schools all over Southern California, this can add up really fast on a utility bill where the rates are ever-increasing. By hiring the construction of a 1.1 MW-DC solar system, Hollandia Dairy will start producing its own electricity and drastically lower its energy bill for the next 25 years.
The 1.1 MW-DC solar system, using high efficiency modules and inverters, will be a combination of roof mount, carport and truck port installations.
We are proud to serve a longstanding dairy provider with such a wide reach, said Mehmet Cercioglu, General Manager of Sunvalley Solar. For over a decade now, weve led a campaign to help industrial farmers see the value in being able to do more of what they do best without having to pay expensive utility rates. Hollandia Dairy is another valued customer of ours that has seen the light and were very happy to help them make the transition to producing their own electricity."
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the worlds carbon foot print from traditional energy sources to make renewable sources such as solar the nations mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statements: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Contact:
Sunvalley Solar, Inc. Investor Relationsir@sunvalleysolarinc.com909-598-0618 ext 117
This release includes additional documents. Select the link(s) below to view.
Hollandia Dairy News Release 11092017.pdf
Copyright © 2017 OTC Markets. All Rights Reserved
Innovus Pharma Enters the $11 Billion Glucose Monitoring Market with FDA-Cleared Products via an Expanded Agreement with ACON Laboratories, Inc.
Nov 13, 2017
OTC Disclosure & News Service
-
Innovus Pharmaceuticals, Inc. ("Innovus Pharma" or the “Company”) (OTCQB Venture Market: INNV), an emerging commercial-stage pharmaceutical company that delivers safe, innovative and effective over-the-counter medicine and consumer care products to improve men’s and women's health and respiratory diseases, today announced that it has entered into an additional agreement with current partner ACON Laboratories, Inc. (“ACON Labs”). ACON Labs is a San Diego-based diagnostic product manufacturer who will supply Innovus Pharma with its U.S. Food and Drug Administration’s (“FDA”) cleared glucose monitor, test strips and lancet device (the “GlucoGorx® Kit”). Innovus Pharma will offer the GlucoGorx™ Kit, which will provide highly sensitive glucose level testing results within 4 seconds, to its customers who buy its GlucoGorx™ clinical glucose supplement.
According to WebMD, diabetes is a lifelong disease. As of 2017, approximately 18.2 million Americans have been diagnosed with the disease and almost one-third (approximately 5.2 million) are unaware that they are living with it. An additional 41 million people have pre-diabetes and those with diabetes need to manage the disease to stay healthy; as of today, there is no cure for diabetes.
With an FDA-cleared glucometer and test strips, Innovus Pharma is now eligible to enter reimbursement and government supply programs, expanding the addressable market significantly for this product.
“We are proud to expand our partnership and to be working with ACON to add the GlucoGorx™ glucose monitor, strips and lancet device for our customers. The creation of a kit for monitoring a diabetic’s blood suger levels expands our GlucoGorx™ clinical supplement offerings,” stated Dr. Bassam Damaj, President and Chief Executive Officer of Innovus Pharma. “We strongly believe our GlucoGorx™ customers will be able to use our FDA cleared kit to monitor their blood sugar levels from the convenience of their own homes. We are excited that Innovus Pharma is entering this large glucose monitoring market and we look forward to offering GlucoGorx™ and the GlucoGorx™ Kit in the first half of 2018," he continued.
About the GlucoGorx™ Glucose Monitor, Lancet and Test Strips
The GlucoGorx™ Kits are FDA-cleared tests for the monitoring of blood sugar levels in diabetics. The test has undergone clinical trials and the results can be seen by customers within four seconds
According to a June 22, 2017 Research and Markets published report, "Glucose Monitoring Global Market – Forecast to 2023”, the Glucose Monitoring global market is forcasted to reach to $11.24 billion by 2023 and grow at single digit CAGR.
About Innovus Pharmaceuticals, Inc.
Headquartered in San Diego, Innovus Pharma is an emerging OTC consumer goods and specialty pharmaceutical company engaged in the commercialization, licensing and development of safe and effective non-prescription medicine and consumer care products to improve men’s and women’s health and vitality and respiratory diseases. Innovus Pharma delivers innovative and uniquely presented and packaged health solutions through its (a) OTC medicines and consumer and health products, which we market directly, (b) commercial partners to primary care physicians, urologists, gynecologists and therapists, and (c) directly to consumers through our on-line channels, retailers and wholesalers. The Company is dedicated to be a leader in developing and marketing new OTC and branded Abbreviated New Drug Application (“ANDA”) products, men’s and women’s health supplements, related diagnostics and medical devices. The Company is actively pursuing opportunities where existing prescription drugs have recently, or are expected to, change from prescription (or Rx) to OTC, as well as related products.
For more information, go to www.innovuspharma.com; www.zestra.com; www.ejectdelay.com; www.myvesele.com; www.urivarx.com; www.sensumplus.com; www.myandroferti.com; www.beyondhumantestosterone.com; www.getbeyondhuman.com; www.trybeyondhuman.com; www.recalmax.com; www.prostagorx.com; www.fluticare.com; www.allervarx.com; and www.apeaz.com.
About ACON Laboratories, Inc.
ACON Laboratories Inc. is a privately-owned Diagnostics and Medical Device company, which was founded in 1995, with its headquarters located in San Diego, California. ACON Laboratories, Inc. produces a broad range of medical diagnostic and healthcare products that are sold in over 130 countries worldwide. The company continues to expand its product lines through extensive research and development, with the goal of helping improve the health and well-being of patients around the world. ACON’s manufacturing facility is a U.S. FDA registered manufacturer of rapid diagnostic and healthcare products.
Innovus Pharma's Forward-Looking Safe Harbor:
Statements under the Private Securities Litigation Reform Act, as amended: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, projected revenues from the GlucoGorx™ supplements and the GlucoGorx™ Kit in the United States, estimated market for its products, and statements about achieving its other development, growth, commercialization, financial and staffing objectives. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent filing on Form S-1, annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q and other filings made with the SEC. Copies of these reports are available from the SEC's website or without charge from the Company.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005400/en/
Copyright © 2017 Businesswire. All Rights Reserved
MC Endeavors, Inc. Announces It is in the Process of Making Its Filings Current with the OTC
Nov 13, 2017
OTC Disclosure & News Service
-
MC Endeavors, Inc. (OTC: MSMY), has announced it is complying with the filing regulations of the OTC Markets.
The Company also took the added measure of reviewing its past reports dating back to the third quarter of 2012 for purposes of consistency and proper disclosure. MSMY plans on having its financial statements audited in the near future in order to qualify as a fully-reporting issuer and these filings and re-filings will make that process much more efficient, both for time and cost savings.
MC Endeavors, Inc./Room 21 Media, Inc. is committed to becoming a leading global social commerce company that utilizes a single core platform, Room 21, to produce, distribute and monetize online communities for individuals and businesses to interact with industries ranging from industrial business to healthcare to entertainment. The Room 21 proprietary platform utilizes an internal replication technology and is branded to each social app, industry vertical, event, film, or online contest we produce.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005404/en/
Copyright © 2017 Businesswire. All Rights Reserved
Got a text... looks like the pumpers have finally read the filings and put it together... your chance for the pump and dump are soon on the way as long as they don’t ‘really’ read them. Good luck ;)
You're absolutely right!!!
Too much time and too much energy to find that this is nothing more than a simple pump and dump... the charts and the history of this company along with its employees prove that to all the 'gypsy penny traders' trying to make this sound like its investable.
In the end it is all about the Benjamin's.
Pumpers can claim loading and holding while bashers claim its a scam.
Neither side can be proved right, neither side can be proven wrong without a reasonable doubt. Negativity is easy in today's society, finding the truth is the difficult part.
This stock will never be current nor uplisted without third party intervention. I wish them luck however I find it very distasteful that they hide behind being foreigners who claim to work hard while blaming everyone else for their failures.
Till the next pump!!! I'll be out fishing :)
No need to assume based on the statement made. If you feel it’s worthless ticker/waste of time when it definitely effects the company as a whole... be curious to see any dd provided by anyone other then intermittent ramblings...
Curious as idea as to why they have a 100year contract bleeding EFLN?
Or why the ‘assets’ are under EAFN vice EFLN, yet the filings and PR’s claim otherwise till you read the fine print?
Put all the negatives in the open then there’s nothing to bash, put all the positives in the open and there’s plenty to pump. Get the two confused and it all sits dormant with back and forth hogwash...
Then you haven’t done any real dd.
Efln is owned and financed by EAFN.
Your welcome.
maybe looking in wrong place... maybe EAFN is where should look...
seems EAFN owns everything anyway not EFLN...
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=118533455
basic info
http://www.otcmarkets.com/research/service-provider/Euro-American-Finance-Network-Inc.?id=4941
2013 last update
http://eafninc.com/home
2014 last post...
https://www.facebook.com/eafninc/
current for annuals sort of...
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=EUROAMERICANFINANCENETWORK%20P040000116500&aggregateId=domp-p04000011650-d73e7cde-c2ca-46b0-aff5-7cf49cf0111a&searchTerm=Euro-American%20Finance%20Network%2C%20Inc.&listNameOrder=EUROAMERICANFINANCENETWORK%20P040000116500
info not updated...
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p04000011650-d73e7cde-c2ca-46b0-aff5-7cf49cf0111a&transactionId=p04000011650-e4569ff4-1b3d-4eec-a7e7-3d56bea5a0e0&formatType=PDF
Slavo and wife have a nice house
https://www.zillow.com/homedetails/6624-Woody-Ct-Leesburg-FL-34748/45362345_zpid/
doubt the kids still live at hotel marion...
looks like the Mundts are having trouble selling theirs at such a high price...beautiful area though...
https://www.zillow.com/homedetails/462-Boone-Trail-Rd-Danville-KY-40422/2114936508_zpid/
maybe its in eFuel Network
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=RegisteredAgentName&directionType=Initial&searchNameOrder=STEFANOVICLJUBICAPRESIDENT%20P070001145850&aggregateId=domp-p07000114585-63f21b97-c9c9-45f7-a031-305dd2b93a9a&searchTerm=Stefanovic&listNameOrder=STEFANOVICDRAGOSLAV%20L130000383460
Stefanovichttps://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40852450
https://www.linkedin.com/company/efuel-network-inc.
www.efuelstore.com
looks like slavo screwed up the emax holdings...
http://www.businesswire.com/news/home/20080918005702/en/eMax-Worldwide-Inc.s-Chairman-Releases-Shareholder-Letter
http://www.marketwired.com/press-release/emax-worldwide-inc-files-8-k-announce-change-control-reverses-corporate-stock-1218265.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80686353
Why does it take four months to file an annual?
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=181571
The state got it on Oct 2...
https://wyobiz.wy.gov/business/GetImages.aspx?sid=240061060121149182233092027029202074146214120239&stid=121207255159209202156082212102091217249082056121
As of January 2014, EAFN has placed $17 million in asset into eFUEL, assets with a net cash value of approximately $400,000. This infusion enables eFUEL to move aggressively, purchasing additional assets, engage in new product development, implement distribution agreements, expand its retail holdings, and acquire new real estate holdings: i.e., shopping malls, hotels, apartment buildings, and condominium developments. At the same time, EAFN will place millions of dollars of new, positive cash flow assets into eFUEL.
http://www.efuelefncorporation.com
(Need updated website)
$17mil in assets with a $400k cash value? Not annotated in the financials...
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=118303
Then why bother commenting continuously?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61839665
Have you seen any updated ones?
http://qpublic7.qpublic.net/ga_search.php?county=ga_wilcox
Now this is very interesting...
Hard to believe when Slavo signed for that same land in 2005 according to Wilcox Superior Court...
http://investorshub.advfn.com/uimage/uploads/2011/3/15/nphur2.JPG
So he bought from himself a $3.6/$3.7/$7.3mil dollar tree farm for $175k?
Bet you won’t find that in any financials of EFLN, nor did EAFN complete an IPO...although they did try...nor do their dating sites exist anymore...
eFUEL EFN Corp. Is Pleased to Announce an Asset Acquisition
Marketwire MarketwireMarch 3, 2011
TAMPA, FL--(Marketwire - 03/03/11) - eFUEL EFN Corp. (Pinksheets:EFLN - News) has acquired a profitable tree farm on 188 acres of valuable land located in Georgia. The farm is presently harvesting and selling pine straw, pine syrup and other tree products. eFUEL management plans to promote the logging and sale of mature trees. This strategy would substantially increase net income from the tree farm, by selling each of the present 36,000 mature trees with a price structure of approximately $100.00 per tree. This would value the farm's trees at more than $3,600,000.00. It is management's plan to immediately start an expansion program that will include the planting of additional trees. The planting program will provide a sustainable tree harvest well into the future, with the present land valued at $3,700,000.00. As a result of this asset being acquired by eFUEL, the balance sheet of eFUEL will reflect an additional $7,300,000.00 Dollars.With assistance from the State of Georgia, federal agencies and private equity institutions, there is the possible alternative of using the property for the purpose of renewable energy projects. Such as a wind farm, and /or a solar power generating plant.This existing tree farm and its many alternative possibilities is the first of many profitable assets that will be placed into EFLN. Over the next several months, the new board will be reviewing and acquiring other assets that will fit into eFUEL's portfolio.We are awaiting the completion of the Euro-American Finance Network, Inc. (EAFN) IPO. With its completion, eFUEL will be able to accelerate the purchase of additional assets well beyond what it can do at present. Our goal is to have a substantial number of assets under the eFUEL banner.About eFUEL EFN, Corp.:eFUEL EFN, Corp., ("eFUEL'') is a publicly traded company listed on Pink Sheets under the symbol EFLN. eFUEL is an internet services company offering on-line dating site www.outRAGEousEncounters.com. For additional Product information, go to our corporate site at www.eFUELcorp.com.Safe Harbor Statement: Certain Statements in this press release constitute "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
I see a twenty year old report and nothing current.
Sharebuyback hasn’t happened according to filings. Share count been the same last 90 days.
They just filed the 3rd quarter. What update are you looking for?
The first annual of 2011, compare to 2017’s.
EAFN owns 1,000,000,000 preferred A shares of EFLN.
Dr. Purhoit 1.6mil common
Matt Mundt 50mil common
Antonio Brbovic 3mil common
Larry Sherman 7mil common
Ljubica 26 mil common
1. eFuel is the owner of the Voyer dating web-site OutRageous Encounters. www.outRAGEousEncounters.com
2. eFuel has acquired commercial real estate located at 188.4 land district 8, county of Wilcox County, State of Georgia,
Land tract no.1 containing 33.86 acres situated in Lot of land no. 182,
tract no. 2 containing 63.74 acres situated in lots of land no. 181 and 182, and
tract no. 3 contains 90.84 acres situated in lot of land no. 180.
As shown and designated in Plat of Survey prepared by Freddie J. Hattaway of Southern Surveying Associates dated May 15, 1998; filed and recorded on March 17, 2000 in the clerks office, Wilcox Superior Court, in book 7, at page 85....
3. 136,200,000 common shares of Emax holding Corporation.
4. Citrus business, (orange shop). Retail activities and wholesale.
5. Agreement with Organic World Solutions. Organic fertilizer for agricultural products. Rights to wholesale and retail worldwide.
Cute edit. My sincerest regards to your financial/posting woes.
On the contrary I do no wish it to go down or be shut down by the SEC, if that is what you believe then you have misread my posts.
As you read the companies last ‘research report’ you’ll see they request anyone to dig through the last six years of filings.
The swapping between EAFN and EFLN is enough to make your head spin let alone the 100 year contract between the two. There’s only three names on the contracts written and correspondence. Slavoljub which is EAFN, Ljubica which is EFLN/President, and Matthew Mundt which is EFLN/VP/Secretary.
So all the posts about Slavo are redundant as he is only the CFO for EFLN, which is scary comparing all the financials. Ljubica financial reports were much more accurate and thorough plus they were never late.
That being said is Slavoljub screwing over his wife’s company on purpose?
Can’t uplist without one like they have claimed.
Since their balance sheets struggle with accuracy it would only help them especially if they are serious about becoming a real company other than the trading post that is.
The claims/reports/what have you do not match financials at all. The lack of accuracy from the company and from multiple forums only hurt the possibilities this company could have. EAFN/EFLN simply play the typical ‘shell’ trades with assets according to their filings over the last six years.
And yes they seem like good people
as I have frequented the trading post and have had a conversation or two with them.
I’m not comparing the company in the OTC or to any other tickers, simply discussing this company.
Seems some fancies have been tickled...
No idea. Have they?
The companies failure to have third party auditors do not help them.
The companies failure to report on time, accurately, and consistently hurt them.
A company that boasts outlandish claims with no ‘proof’ but files a $23k profit leads one to believe they just aren’t big enough nor hurting anyone hard enough for someone like the SEC to dig into them. They’ve been in business for nearly a decade.
They have a legitimate profitable, even if barely, business with their trading post. No one can argue that or take that away except maybe the state if they continue to struggle with fees and taxes from quarter to quarter or year to year. Other than that the rest is simply hearsay...
English may not be the primary language but i'm sure they taught math somewhere along the lines of his vast education especially as the CFO.
Notice the amount of discrepancies between the filings?
How do the asset numbers stay the same but the totals are way off/difference from each of the quarters this year?
Cannot disagree...
Multiple filings/statements/news claiming 1.6bil restricted when they obviously are not.
Buyback of 1.6mil to restrict for $1 also has not happened.
There’s no ‘Team’ that holds as many shares as they claim especially after the fallout of all their personal info published for the world to see...
Merely curious why about five posters continue with the same nonsense and post misinformation when the company has provided them the facts time and time again...
Same goes for the extreme negativity that’s posted day in and day out...why hasn’t this been shutdown for blatant fraud? Why isn’t there a pinned post with all the collective falsehoods that’s have been proven?
125mil is 5% which requires a filing correct?
If company is buying shares and restricting them then share structure should be changed to show such.
Again misinformation... I do not see efln on the reports for shorting or naked shorting...
“Re: Karma11 Post# 56638
Re: Karma11 Post# 56558
First here's some information for educational purposes that I could find on the subject to the outlandish claims that more than 200,000,000 shares are naked shorted...
Short selling/interest
http://www.investopedia.com/terms/s/shortselling.asp
The regulations
https://www.sec.gov/investor/pubs/regsho.htm
The short interest report (of which efln is not on currently)
http://otce.finra.org/esi
failed to deliver (efln also not listed)
https://www.sec.gov/data/foiadocsfailsdatahtm
Authorized Shares 2,500,000,000 a/o Sep 15, 2017
Outstanding Shares 2,460,982,109 a/o Sep 15, 2017
-Restricted 1,285,727,308 a/o Sep 15, 2017
-Unrestricted 1,175,254,801 a/o Sep 15, 2017
Float 1,175,254,801 a/o Jun 09, 2014
1. the difference of 39,017,891 between the A/S and O/S where are those shares? the transfer agent and that number has shrunk...
2. Who owns the already restricted 1.285,727,308 common shares? Why haven't they been listed since the 2013 annual report?
3. 1,175,254,801 float of which has claims of 500,000,000 being held by the posters here... leaving a mere 675,254,801
4.
Quote:
Seems like 80% is crossed recently hence he changed it to 90% now. Assuming he has 80% which is 2B and from that 2B he wants to restrict 1.6 B shares till the share price goes to 1$.
unfortunately there are not that many shares if there's already 1.2 bil restricted and the company is restricting another 1.6 bil, mathematically impossible.
5.
Quote:
My point is that we longs have 500 million and CEO has 2B then the Total is coming as 2.5 B already.
If this were true the stock would truly be locked and it wouldn't be stuck under .003.
6. So far this seem mathematically impossible. maybe there's a lot lost in translation.
7. $34k is all they have. that number hasn't changed. The trading post is all that is making a little money... is this why they continue to audit themselves?
Report TOS”
No one said anything about buying... oh wait ‘Team EFLN’ is buying hundreds of millions and the company is buying 1.6bil common and restricting them for $1.
Curious if that’s true where are all these shares coming from and why has the price not skyrocketed just off these numbers crunch alone?
Notice no change in share count? Either they are not buying as they’ve claimed since August, hence the CE, or they do not know how to report such matters properly or maybe it’s just another copy and paste going through the motions for the TA verification.
A/S 2,500,000,000 a/o Aug 8, 2017
O/S 2,460,982,109 a/o Aug 8, 2017
Res 1,285,727,308 a/o Aug 8, 2017
UR. 1,175,254,801 a/o Aug 8, 2017
Fl. 1,175,254,801 a/o Jun 09, 2014
A/S 2,500,000,000 a/o Sep 15, 2017
O/S 2,460,982,109 a/o Sep 15, 2017
Res 1,285,727,308 a/o Sep 15, 2017
UR. 1,175,254,801 a/o Sep 15, 2017
Fl. 1,175,254,801 a/o Jun 09, 2014
A/S 2,500,000,000 a/o Oct 31, 2017
O/S 2,460,982,109 a/o Oct 31, 2017
Res 1,285,727,308 a/o Oct 31, 2017
UR. 1,175,254,801 a/o Oct 31, 2017
Fl. 1,175,254,801 a/o Jun 09, 2014
Obviously the dd I’ve shared is much more detailed and accurate please quit posting misinformation.
The Dr. does not have a degree in plant psychology.
Once again reread the degrees... just another typo by the Stefanovics...these repetitive incorrect posts of misinformative info doesn’t help...
Re: Karma11 Post# 57157
Quote:
Education P.H.D. University of Maryland. College Park Horticulture/Plant psychology.
This is inaccurate at best due to the lack of proper use of the English language, the lack of spelling, and it would seem the lack of use of spell check.
Quote:
That is incorrect do some DD on PHD courses. Duration varies and that too he did in 1970s.
If DD was done correctly the degree would have been properly addressed as psychology and physiology are completely two different things along with P.H.D. and Ph. D.
University of California, Davis
Dates attended or expected graduation 2005 – 2007
University of Maryland
Degree Name Ph.D. Field Of Study of Horticulture/Plant Physiology
Dates attended or expected graduation 1976 – 1979
Activities and Societies: Sigma Xi Pi Alpha Xi
https://psla.umd.edu/
https://archive.org/stream/terrapin1978univ#page/300/mode/2up
https://archive.org/stream/terrapin1979univ#page/270/mode/2up
https://archive.org/stream/frieze1978offi#page/70/mode/2up
https://archive.org/stream/frieze1979offi#page/n79/mode/2up
University of Delaware
Degree NameM.S. Field Of StudyPlant Science / Horticulture
Dates attended or expected graduation 1973 – 1976
http://udspace.udel.edu/bitstream/handle/19716/9818/1976_07_Graduates_Part_A.pdf?sequence=8&isAllowed=y
The New Era High School
Degree NameHigh School Diploma Field Of StudyGeneral Studies
Dates attended or expected graduation 1962 – 1968
How did he go from pants to business financing is the question?
Experience
Global Capital of Northern California, Inc.
President
Company NameGlobal Capital of Northern California, Inc.
Dates EmployedFeb 2007 – Present Employment Duration10 yrs 9 mos
Small businesses represent an important part of the economy, and as they grow, so does their need for financing. Regardless of size, every business eventually faces the reality that additional working capital is required. Quite often, this is because too much money is tied up in Accounts Receivable. So the quest for financing begins.
The FACTORING process is simple. As a business owner, you sell your receivables to Liquid Capital, and receive an immediate infusion of cash, based on those invoices. With a pre-arranged fee structure in place, you decide how many invoices to sell and to what extent funding is required.
As well as funding, Liquid Capital also provides your business with management assistance and administrative support. It is a comprehensive service package that allows you to focus on operating the business - not worrying about paperwork. At Liquid Capital, we have the expertise to determine which type of Factoring PACKAGE will work best for you.
Plantae International
Founder
Company NamePlantae International
Dates EmployedJul 2001 – Present Employment Duration16 yrs 4 mos
Working as a management consultant for helping small to medium size nurseries in solving their day-to-day operational needs. Recent success story includes a complex project involving sales and production scheduling of a mid-sized, modern nursery with half-year sales of more than $4.8 millions in Texas. This nursery was helped in complete building of sales and production planning template such that once the orders were entered via an excel spreadsheet, a complete growing back-offs for production scheduling was automatically calculated. It included weekly sales by customers, shipping quantities, spacing, weekly labor and hourly costs, job costs, plugs, liner and the raw material requirements. It also contained Executive Summary for the management.
Liquid Capital
Principal
Company NameLiquid Capital
Dates Employed2007 – 2007 Employment Durationless than a year
I help small & medium sized businesses with cash flow they need to grow and prosper! I turn commercial invoices into cash immediately!
HerbThyme Farms, Inc.
Vice President / General Manager
Company NameHerbThyme Farms, Inc.
Dates EmployedSep 2003 – Oct 2004 Employment Duration1 yr 2 mos
HerbThyme Farms is one of the largest culinary herbs producing companies in the country with over 350 acres of farm land and greenhouses. As recently appointed leader of the farm, I was in the process of creating and implementing a budget of more than $4 millions producing more than 1.8 million pounds of fresh herbs. Major tasks included re-organization, creating teams, business improvements, capital expenditure, producing high quality products using team based performances, extending shelf life of fresh packaging of herbs, providing input for creating complimentary products, etc
University of California at Davis
Lecturer
Company NameUniversity of California at Davis
Dates EmployedOct 2001 – Jun 2002 Employment Duration9 mos
Department of Environmental Horticulture and Urban Forestry
University of California at Davis is one of the premier educational and research institutions in the world. It is well known for its agricultural, veterinary, medical and law schools. Students and faculty members come from all over the world to interact with each other and enjoy this intellectual environment. Recently I finished co-teaching an advanced level course with Dr. Don Durzan, entitled, “Physiological Principles in Environmental Horticulture”. Previously, I co-taught another course with the Chairman, Dr. Heiner Lieth, entitled, “Introduction to Environmental Horticulture and Urban Forestry”.
Color Spot Nurseries, Inc.
Corporate Sales & Production Analyst
Company NameColor Spot Nurseries, Inc.
Dates EmployedMar 1999 – Jun 2001 Employment Duration2 yrs 4 mos
Color Spot Nurseries is one of the largest nurseries in the States with sales revenue of more than $217 million. I had recently been promoted to the position of ?Corporate Sales & Production Planning?. My new challenge was to plan our sales of more than $175MM of bedding plants continuously for the following year. In this capacity, I was acting as a business analyst for our regional VP of sales, Key Account managers and the planning department. As a ?power user?, I was responsible for developing and implementing ?front-end? production, sales reports, queries and data verifications. Prior to this promotion, I was working as a General Manager of one of the largest plug, liner and ornamental producing nurseries in the States. I was in charge of more than 650,000 ft2 of greenhouse and 70 acres of containerized field operation.
Monsanto
Program Director, Plant Propagation Center
Company NameMonsanto
Dates EmployedNov 1996 – Feb 1999 Employment Duration2 yrs 4 mos
One of fortune 500 companies, Monsanto is the leading company in developing biotech pipeline products such as Roundup Ready corn, soybean, cotton, wheat, rice and others.
As a newly appointed Program Director, my team and I had been responsible for starting a brand new Center of Excellence under Agriculture Research Organization (ARO) in Ag Sector. We had completed reorganization of Plant Propagation Center (PPC) including hiring and training of key employees. My team and I were in charge of all four Saint Louis' biotechnological greenhouses (~370,000 ft2) and growth chambers (a total of 125) for transgenic plants. We had been extremely successful in controlling the loss of transgenic plant materials through developing quality-based support where we had measured our process control from months to months. My team has achieved from almost non-existent success rate to more than 95% in preventing loss of plants.
Conard-Pyle Company
Vice President / Operations
Company NameConard-Pyle Company
Dates EmployedFeb 1995 – Jun 1996 Employment Duration1 yr 5 mos
Conard-Pyle nursery is an East Coast highly profitable nursery with annual sales of more than 18 million from two production locations. They are famous for their Star* brand products in roses and a few select nursery products.
As one of the senior leaders, I was in charge of the daily P & L management of these two locations through two general managers with more than 185 employees. We were responsible for ensuring the effectiveness of all divisions and locations of the Production Department (1,000,000 ft2 of greenhouse space including about 500 acres of field operation).
Mahoney's Wholesale Growing Division, Woburn, MA
General Manager
Company NameMahoney's Wholesale Growing Division, Woburn, MA
Dates EmployedOct 1991 – Dec 1995 Employment Duration4 yrs 3 mos
Mahoney's Garden Center is one of the largest retail garden centers in the Boston area. It is a high class, quality conscious nursery. My team and I assumed management and gross profit margin responsibility for a money losing botanical products operation and turned it around into a professionally managed, highly profitable organization. The division was disorganized, not focused on sales, treated employees poorly and lacked a quality approach to customers with each sub organization working on its own set priorities. The operation was turned around through:
Controlling and coordinating sales - increasing them by greater than 50% to over $1.2 million annually by focusing on customer demands and production expenses.
Weyerhaeuser Tissue Culture Starter Plants Business Unit, Apopka, FL
Production Manager
Company NameWeyerhaeuser Tissue Culture Starter Plants Business Unit, Apopka, FL
Dates EmployedSep 1989 – Sep 1991 Employment Duration2 yrs 1 mo
A world famous nursery and producing supplier of premier quality liners and tissue culture liners to the wholesale nurseries in Florida, California, Texas and the rest of the States. Managed, supervised and trained more than 110 laboratory technicians at one of the world?s largest commercial tissue culture laboratories. My team and I were responsible for planning, budgeting and meeting the sales target of more than $4 million annually. I was promoted within three months to a position in charge of the production of 13 million units. Together with totally team based concepts and rewards, we developed protocols of new plants for production and marketing.
Implemented a Quality Based Management (QBM) where shrinkage was reduced from 12% to less than 3%. We were successful in implementing Zero Defect Bonus (ZDB) program where quality and success rate was daily monitored, measured and rewarded by set criteria.
BayBank
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Replies:
It was late night for me and did
Karma11 on 10/16/2017 7:33:17 AM
Damn! I like "plant psychology" better.
janice shell on 10/16/2017 3:24:01 PM
Report TOS
Fri, Nov 03, 2017 12:00 - Andiamo Corp. (ANDI: OTC Pink Limited) - Tier Change - The symbol, ANDI, no longer is classified as OTC Pink Current. As of Fri, Nov 03, 2017, ANDI resides in the OTC Pink Limited tier. You may find a complete list of tier changes at otcmarkets.com.
Sure. What ya gonna move this one to?
EX-99.1 2 a17-25042_1ex99d1.htm EX-99.1
Exhibit 99.1
https://www.sec.gov/Archives/edgar/data/1701114/000110465917065380/a17-25042_1ex99d1.htm#Exhibit99_1_124800
Blue Apron Holdings, Inc. Reports Third Quarter 2017 Results
Key Highlights:
· Net revenue increased 3% year-over-year while marketing spend decreased 31%.
· Reiterated net revenue and adjusted EBITDA outlook for second half of 2017; updated net loss estimate to reflect recent company-wide realignment actions.
· Subsequent to the third quarter, Blue Apron completed its most recent product expansion to all customers and fully transitioned product volumes to its newly launched east coast fulfillment center in Linden, New Jersey.
New York, NY — November 2, 2017 — Blue Apron Holdings, Inc. (NYSE: APRN) announced today financial results for the quarter ended September 30, 2017.
“We’re pleased to share that all Blue Apron customers now have access to our expanded product offering and that the transition of volume to our new Linden, New Jersey fulfillment center is complete,” said Matt Salzberg, Chief Executive Officer, Blue Apron Holdings, Inc. “We are now focused on optimizing our operations so that we can drive progress on our product roadmap in order to further our mission to make incredible home cooking accessible to everyone.”
Third Quarter 2017 Financial Results
· Net revenue increased 3% year-over-year to $210.6 million in the third quarter of 2017, driven primarily by an increase in Average Revenue per Customer, partially offset by a decrease in Customers.
· Cost of goods sold, excluding depreciation and amortization (COGS), increased 13% year-over-year to $164.4 million in the third quarter of 2017, and increased by 720 basis points as a percentage of net revenue from 70.9% to 78.1%, primarily as a result of increased costs associated with the launch of new operational infrastructure to support the Company’s product expansion initiatives, including its new Linden, New Jersey facility. The increase in COGS also reflected higher food costs due to the expansion of Blue Apron’s product offerings and increased use of premium ingredients to better align recipe rotations with customer preferences.
· Marketing expense was $34.2 million, or 16.3% as a percentage of net revenue, in the third quarter of 2017, compared to $49.6 million, or 24.2% as a percentage of net revenue, in the third quarter of 2016, reflecting Blue Apron’s planned reduction as it remains focused on operational improvements in its newly launched Linden fulfillment center.
· Product, technology, general, and administrative costs increased 44% year-over-year to $65.7 million in the third quarter of 2017 primarily due to increased personnel costs and increased facilities costs. In October 2017, the Company announced a personnel realignment across Blue Apron’s corporate offices and fulfillment centers that resulted
1
in a reduction of approximately 6% of the Company’s total workforce to support Blue Apron’s strategic priorities. As a result of the personnel realignment, the Company expects annual savings beginning in 2018 of approximately $23.5 million, including $17.5 million to product, technology, general and administrative expenses and approximately $6.0 million to cost of goods sold, excluding depreciation and amortization.
· Other operating expense was $5.9 million in the third quarter of 2017 due to non-cash impairment charges related primarily to the transition of the Company’s Jersey City fulfillment center operations to its new fulfillment center in Linden.
· Other income (expense), net was $(17.6) million in the third quarter of 2017 as a result of a non-cash fair market value adjustment relating to the automatic conversion and settlement of Blue Apron’s convertible notes upon the closing of the initial public offering.
· Net loss was $(87.2) million and diluted loss per share was $(0.47) in the third quarter of 2017 based on 184.7 million weighted average common shares outstanding, compared to net loss of $(37.4) million and diluted loss per share of ($0.56) in the third quarter of 2016. Blue Apron closed its initial public offering of 30,000,000 shares of Class A common stock on July 5, 2017. Accordingly, the shares from the offering, as well as the automatic conversion of Blue Apron’s convertible preferred stock and convertible notes into shares of Class B common stock, were reflected in the financial statements in the third quarter of 2017.
· Adjusted EBITDA was a loss of $(48.0) million in the third quarter 2017, compared to a loss of $(34.6) million in the third quarter of 2016.
Key Customer Metrics
· Customers decreased by 6% year-over-year and decreased by 9% quarter-over-quarter, reflecting the Company’s planned decrease in marketing spend.
· Average Revenue per Customer was $245 in the third quarter of 2017 compared to $227 in the third quarter of 2016, and $251 in the second quarter of 2017.
· Key customer metrics included in the chart below reflect seasonal trends of the business as well as strategic actions the Company is undertaking.
2
September 30,
June 30,
September 30,
2016
2017
2017
Orders (in thousands)
3,597
4,033
3,605
Customers (in thousands)
907
943
856
Average Order Value
$
57.12
$
58.81
$
58.16
Orders per Customer
4.0
4.3
4.2
Average Revenue per Customer
$
227
$
251
$
245
For a description of how Blue Apron defines and uses these key customer metrics, please see “Use of Key Customer Metrics” below.
Liquidity and Capital Resources
· Cash and cash equivalents was $266.3 million as of September 30, 2017.
· Blue Apron closed its initial public offering of 30,000,000 shares of Class A common stock on July 5, 2017, generating net proceeds of $278.0 million. The proceeds from the offering are reflected in Blue Apron’s financial statements in the third quarter of 2017.
· Capital expenditures, including amounts in accounts payable, totaled $11.5 million for the third quarter of 2017, primarily driven by investments in automation equipment. This represents a reduction in the level of capital expenditures from recent prior quarters reflecting the substantial completion of the Company’s newly launched Linden fulfillment center.
Financial Performance Outlook
Blue Apron reiterated its previously provided financial performance guidance for the second half of 2017, while updating its net loss estimate to reflect the Company’s recent realignment actions which is as follows:
· Net revenue is expected to be in the range of $380 million to $400 million.
· Cost of goods sold, excluding depreciation and amortization, as a percentage of net revenue is expected to be approximately 74-75%.
· Marketing is expected to be approximately 15-16% of net revenue compared to the 19.7% rate in the first half of the year. The Company expects fourth quarter levels of marketing spend to be lower than the third quarter, both on an absolute basis and as a percentage of net revenue.
· Projects a similar level of product, technology, general, and administrative dollar spend in the second half of this year compared to the first half of this year.
· As a result of actions from Blue Apron’s realignment of personnel and a recently completed review of its facilities, the Company projects net loss in the second half of this year of $(131) million to $(138) million.
· Continued expectation of an adjusted EBITDA loss of $(70) million to $(75) million.
3
Conference Call and Webcast
Blue Apron will hold a call and webcast today at 8:30 a.m., Eastern Time to discuss its third quarter 2017 results and business outlook. The conference call can be accessed by dialing (877) 883-0383 or (412) 902-6506, utilizing the conference ID 1788990. Alternatively, participants may access the live webcast on Blue Apron’s Investor Relations website at investors.blueapron.com.
A recording of the webcast will also be available on Blue Apron’s Investor Relations website at investors.blueapron.com following the conference call. Additionally, a replay of the conference call can be accessed until Thursday, November 9, 2017 by dialing (877) 344-7529 or (412) 317-0088, utilizing the conference ID 10112196.
About Blue Apron
Blue Apron’s mission is to make incredible home cooking accessible to everyone. Launched in 2012, Blue Apron is reimagining the way that food is produced, distributed, and consumed, and as a result, building a better food system that benefits consumers, food producers, and the planet. The Company has developed an integrated ecosystem that enables the Company to work in a direct, coordinated manner with farmers and artisans to deliver high-quality products to customers nationwide at compelling values.
Forward Looking Statements
This press release includes statements concerning Blue Apron Holdings, Inc. and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions. Blue Apron has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, the Company’s anticipated growth strategies; risks associated with its ability to achieve the benefits of the realignment; its ability to achieve future revenue growth and manage future growth effectively; its expectations regarding competition and its ability to effectively compete; its ability to successfully build out and operate its fulfillment centers; its ability to expand its product offerings; its ability to cost-effectively attract new customers, retain existing customers and increase the number of customers it serves; seasonal trends in customer behavior; its expectations regarding, and the stability of, its supply chain; the size and growth of the markets for its product offerings and its ability to serve those markets; federal
4
and state legal and regulatory developments; other anticipated trends and challenges in its business; and the risks more fully described in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 10, 2017 and other filings that Blue Apron may make with the SEC in the future. Blue Apron assumes no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
Use of Non-GAAP Financial Information
This press release includes adjusted EBITDA, a non-GAAP financial measure, that is not prepared in accordance with, nor an alternative to, financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). In addition, adjusted EBITDA is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similarly-titled measures presented by other companies.
The Company defines adjusted EBITDA as net earnings (loss) before interest income (expense), net, other operating expense, other income (expense), net, benefit (provision) for income taxes and depreciation and amortization, adjusted to eliminate share-based compensation expense. The Company presents adjusted EBITDA because it is a key measure used by the Company’s management and board of directors to understand and evaluate the Company’s operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, the Company believes that the exclusion of certain items in calculating adjusted EBITDA can produce a useful measure for period-to-period comparisons of the Company’s business. Further, Blue Apron uses adjusted EBITDA to evaluate its operating performance and trends and make planning decisions, and it believes that adjusted EBITDA helps identify underlying trends in its business that could otherwise be masked by the effect of the items that Company excludes. Accordingly, Blue Apron believes that adjusted EBITDA provide useful information to investors and others in understanding and evaluating its operating results, enhancing the overall understanding of the Company’s past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in its financial and operational decision-making.
There are a number of limitations related to the use of adjusted EBITDA rather than net income (loss), which is the most directly comparable GAAP equivalent. Some of these limitations are:
· adjusted EBITDA excludes share-based compensation expense, as share-based compensation expense has recently been, and will continue to be for the foreseeable future, a significant recurring expense for the Company’s business and an important part of its compensation strategy;
· adjusted EBITDA excludes depreciation and amortization expense and, although these are non-cash expenses, the assets being depreciated may have to be replaced in the future;
5
· adjusted EBITDA excludes other operating expense, as other operating expense represents impairment losses;
· adjusted EBITDA excludes other expense, as other expense represents a one-time loss on the extinguishment of convertible notes;
· adjusted EBITDA does not reflect interest expense, or the cash requirements necessary to service interest, which reduces cash available to us;
· adjusted EBITDA does not reflect income tax payments that reduce cash available to us; and
· other companies, including companies in the Company’s industry, may calculate adjusted EBITDA differently, which reduces its usefulness as a comparative measure.
Because of these limitations, adjusted EBITDA should be considered together with other operating and financial performance measures presented in accordance with GAAP. A reconciliation of adjusted EBITDA to net income (loss), the most directly comparable measure calculated in accordance with GAAP, is set forth below under the heading “Reconciliation of Non-GAAP Financial Measures”.
Use of Key Customer Metrics
This press release includes various key customer metrics that we use to evaluate our business and operations, measure our performance, identify trends affecting our business, project our future performance, and make strategic decisions. You should read these metrics in conjunction with our financial statements.
We define and determine our key customer metrics as follows: We define Orders as the number of paid orders by our Customers across our meal, wine and market products sold on our e-commerce platforms in any reporting period, inclusive of orders that may have eventually been refunded or credited to customers. We determine our number of Customers by counting the total number of individual customers who have paid for at least one Order from Blue Apron across our meal, wine or market products sold on our e-commerce platforms in a given reporting period. We define Average Order Value as our net revenue from our meal, wine and market products sold on our e-commerce platforms in a given reporting period divided by the number of Orders in that period. We define Orders per Customer as the number of Orders in a given reporting period divided by the number of Customers in that period. We define Average Revenue per Customer as our net revenue from our meal, wine and market products sold on our e-commerce platforms in a given reporting period divided by the number of Customers in that period.
6
BLUE APRON HOLDINGS, INC.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
September 30,
December 31,
2017
2016
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
266,294
$
81,468
Accounts receivable
822
485
Inventories, net
43,519
42,887
Prepaid expenses and other current assets
11,087
8,267
Other receivables
1,304
4,991
Total current assets
323,026
138,098
Restricted cash
2,371
3,966
Property and equipment, net
239,002
130,961
Other noncurrent assets
399
382
TOTAL ASSETS
$
564,798
$
273,407
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable
$
41,203
$
49,549
Accrued expenses and other current liabilities
41,496
40,911
Deferred revenue
19,762
24,278
Total current liabilities
102,461
114,738
Long-term debt
124,640
44,533
Facility financing obligation
69,663
49,809
Other noncurrent liabilities
7,837
2,858
TOTAL LIABILITIES
304,601
211,938
TOTAL CONVERTIBLE PREFERRED STOCK
—
194,869
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)
260,197
(133,400
)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)
$
564,798
$
273,407
7
BLUE APRON HOLDINGS, INC.
Condensed Consolidated Statement of Operations
(In thousands, except share and per-share data)
(Unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2017
2016
2017
2016
Net revenue
$
210,638
$
205,452
$
693,538
$
579,474
Operating expenses:
Cost of goods sold, excluding depreciation and amortization
164,444
145,644
496,495
385,489
Marketing
34,244
49,618
129,368
107,062
Product, technology, general, and administrative
65,744
45,589
194,627
110,586
Depreciation and amortization
8,774
1,992
18,337
5,251
Other operating expense
5,934
—
5,934
—
Total operating expenses
279,140
242,843
844,761
608,388
Income (loss) from operations
(68,502
)
(37,391
)
(151,223
)
(28,914
)
Interest income (expense), net
(1,281
)
59
(4,803
)
187
Other income (expense), net
(17,551
)
—
(14,984
)
—
Income (loss) before income taxes
(87,334
)
(37,332
)
(171,010
)
(28,727
)
Benefit (provision) for income taxes
133
(27
)
(13
)
(82
)
Net income (loss)
$
(87,201
)
$
(37,359
)
$
(171,023
)
$
(28,809
)
Net income (loss) per share — basic
$
(0.47
)
$
(0.56
)
$
(1.60
)
$
(0.44
)
Net income (loss) per share — diluted
$
(0.47
)
$
(0.56
)
$
(1.60
)
$
(0.44
)
Weighted average shares outstanding — basic
184,737,720
66,841,895
106,836,062
64,894,388
Weighted average shares outstanding — diluted
184,737,720
66,841,895
106,836,062
64,894,388
8
BLUE APRON HOLDINGS, INC.
Condensed Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)
Nine Months Ended September 30,
2017
2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
$
(171,023
)
$
(28,809
)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization of property and equipment
18,337
5,251
Loss (gain) on disposal of property and equipment
(30
)
—
Loss on impairment
5,934
—
Changes in reserves and allowances
1,364
1,165
Share-based compensation
8,752
2,062
Non-cash interest expense
2,459
18
Loss on convertible notes
14,984
—
Changes in operating assets and liabilities
(3,542
)
35,649
Net cash from (used in) operating activities
(122,765
)
15,336
CASH FLOWS FROM INVESTING ACTIVITIES:
Decrease (increase) in restricted cash
1,595
(3,768
)
Cash paid for acquisition
(1,177
)
—
Purchases of property and equipment
(116,094
)
(24,108
)
Net cash from (used in) investing activities
(115,676
)
(27,876
)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from debt issuances
144,349
4,471
Proceeds from the exercise of stock options
816
299
Principal payments on capital lease obligations
(145
)
(210
)
Net proceeds from public offering
283,500
—
Payments of public offering costs
(5,253
)
—
Net cash from (used in) financing activities
423,267
4,560
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
184,826
(7,980
)
CASH AND CASH EQUIVALENTS — Beginning of period
81,468
126,860
CASH AND CASH EQUIVALENTS — End of period
$
266,294
$
118,880
9
BLUE APRON HOLDINGS, INC.
Reconciliation of Non-GAAP Financial Measures
(In thousands)
(Unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2017
2016
2017
2016
Reconciliation of net income (loss) to adjusted EBITDA
Net income (loss)
$
(87,201
)
$
(37,359
)
$
(171,023
)
$
(28,809
)
Share-based compensation
5,760
772
8,752
2,060
Depreciation and amortization
8,774
1,992
18,337
5,251
Other operating expense
5,934
—
5,934
—
Interest (income) expense, net
1,281
(59
)
4,803
(187
)
Other (income) expense, net
17,551
—
14,984
—
Provision (benefit) for income taxes
(133
)
27
13
82
Adjusted EBITDA
$
(48,034
)
$
(34,627
)
$
(118,200
)
$
(21,603
)
10
November 02, 2017 06:00 ET
Freedom Leaf, Inc. moves toward a major revenue increase with the launch of the Hempology brands and Green Market Europe
LAS VEGAS, NV--(NewMediaWire - Nov 2, 2017) - Freedom Leaf, Inc. (OTCQB: FRLF) is very pleased to announce that Paul Pelosi Jr. has accepted our invitation to become Chairman of Freedom Leaf's Board of Directors, effective immediately. Mr. Pelosi will guide FRLF in corporate governance, sustainable revenue generation, and investor relations. Freedom Leaf, Inc. will launch an Initiative to become the model for corporate governance in the cannabis and hemp sector.
Mr. Paul Pelosi Jr. is the son of U.S. House Minority Leader Nancy Pelosi and has an extensive career advising companies on corporate governance, sustainability, and public policy. Mr. Pelosi graduated Cum Laude from Georgetown University with a Bachelor of Arts, and holds an MBA with an emphasis in International Business. Previously, Mr. Pelosi has served as the President of the SF Commission on the Environment and was the founding member of Cisco Systems Connected Urban Development team.
Mr. Pelosi is currently Executive Director of the Corporate Governance Initiative (CGI), an organization that is committed to assisting companies adhere to a system of guidelines, practices, and procedures by which a company is directed and controlled. The Corporate Governance Initiative also helps companies create policies to find better balance between the interests of a company's many stakeholders, such as shareholders, management, patrons, providers, investors, government and the public.
Prior to CGI, Mr. Pelosi has served organizations at the executive and leadership levels, and has a wide scope of prospective and understanding when it comes to business. Mr. Pelosi has experience advising both emerging start-ups and Fortune 500 companies, including Bank of America, JP Morgan, Airpatrol Corporation, and the NASA Ames Research Center.
In 2018, Freedom Leaf, Inc. will be focused on shaping revenue strategy and monitoring performance of its core and ancillary businesses and investments. As revenue is the key to any successful enterprise, Freedom Leaf's concentration on revenue generation is moving the Company toward a major revenue increase with the launch of the Hempology brands and Green Market Europe.
Mr. Pelosi stated, "I will use my influence and best efforts to make Freedom Leaf the foremost advocate and example of corporate governance in the emerging cannabis and industrial hemp business sector. Additionally, I strongly believe that the importance of driving revenue in order to increase the value for the shareholders is an important goal of a company, while still treating all other stakeholders fairly. The Freedom Leaf network is an important tool to provide factual information about the powerful benefits of cannabis. For example, veterans and first responders can develop PTSD and other maladies that result in physical and non-physical pain. The pharmaceutical industry has prescribed opiates to alleviate this pain, but has resulted in the opiate addiction crisis that we are dealing with today. It is almost impossible to withdraw from opiate addiction without some sort of aid, and cannabis seems to be a perfect way to aid in the removal of this addiction. It is also interesting that the states which have legalized medical marijuana are states with dramatically fewer opiate overdose deaths. For this reason I am excited to work with Freedom Leaf to produce factual information and products centered around the benefits of cannabis and CBD."
Freedom Leaf's Co-Founder and CEO, Cliff Perry, stated, "I am proud that Mr. Pelosi thinks highly of Freedom Leaf's prospects and our commitment to the mission of marijuana and hemp legalization. We are looking forward to working closely with Paul to build our company in a way that adheres to the highest standards of Corporate Governance and pursues revenue-enhancing mergers and acquisitions."
Freedom Leaf Co-Founder, Richard Cowan, added, "From the beginning, we have been trying to build a company that combines activism and entrepreneurialism. And given his background in business, politics, and public interest advocacy, I cannot imagine anyone better qualified than Paul Pelosi Jr. for such an effort. We believe that with Paul's involvement with Freedom Leaf we can develop economies of scale that will make it simpler and more economical for our companies and others in our industry to do it right, as we lead by example. Even though being a public company involves costs and financial burdens on management for legal compliance and good corporate governance, our fundamental business plan has always centered around being in 100% compliance to spin off new public companies for our projects, as they reach an appropriate level of development."
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol (OTCQB: FRLF). Freedom Leaf, Inc. is a leading go-to resource in the cannabis, medical marijuana, and industrial hemp industry. It is involved in mergers and acquisitions and business consulting in the marijuana industry, including incubation/acceleration and spin offs of new marijuana/hemp related companies.
Freedom Leaf, Inc.'s flagship publication is Freedom Leaf Magazine, "The Good News in Marijuana Reform." The company produces a portfolio of news, print and digital multi-media verticals, websites, blogs and web advertising, for the ever-changing emerging cannabis, medical marijuana and industrial hemp industry.
Freedom Leaf, Inc. does not handle, grow, sell, or dispense marijuana.
All of our European activities are in full compliance with relevant EU laws.
Investor relations information can be found on the FreedomLeafInc.com company website.
Safe Harbor Statement
Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, including any financial projections above, generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" "projections" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2017 and quarterly reports on Form 10-Q.
CONTACT INFORMATION
CONTACT INFORMATION:
Raymond P Medieros
PR and Business Development Director
Phone: 415-601-1974
Ray@FreedomLeaf.com
Freedom Leaf, Inc.
571 East Sunset Road
Entity Details
THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 4431906 Incorporation Date / Formation Date: 9/28/2007
(mm/dd/yyyy)
Entity Name: QUANTUM MEDICAL TRANSPORT, INC.
Entity Kind: Corporation Entity Type: General
Residency: Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: BUSINESS FILINGS INCORPORATED
Address: 108 WEST 13TH ST
City: WILMINGTON County: New Castle
State: DE Postal Code: 19801
Phone: 800-981-7183
https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
This Page is Not Sufficient for Filings with the Secretary of State
Obtain a certification for filings with the Secretary of State.
UNITED AMBULANCE, L.L.C.
Texas Taxpayer Number 32019313777
Mailing Address 14090 SOUTHWEST FWY STE 300 SUGAR LAND, TX 77478-3679
Right to Transact Business in Texas ACTIVE
State of Formation TX
Effective SOS Registration Date 03/10/2006
Texas SOS File Number 0800624887
Registered Agent Name RICKY BERNARD
Registered Office Street Address 14090 SOUTHWEST FRWY., STE. 300 SUGAR LAND, TX 77478
https://mycpa.cpa.state.tx.us/coa/coaSearchBtn
To the shareholders of Quantum Medical Transport, Inc.:
Management decided to release financial results for the 3rd Quarter unaudited period ending
September 30, 2017. We hired MaloneBailey, LLP as independent auditors to perform our financial auditor. We have not received the audit opinion we had hoped to receive from our auditors. We hired a third party CPA to work with our auditors to complete the process of the audit. We apologize to our
shareholders for not managing the process appropriately. We have relied upon guidance from our audit manager promising to have final audit number ready for management to release and missing the target dates each time. We paid our auditors $8,000 and our CPA $2,500 to get the audit complete and at the
eleventh hour after completing the audit numbers for just the first quarter ending March 31, 2017, the auditors requested an additional $11,000 which we will not pay because our contract called for $6,000- $8,000 audit fee. We have decided to terminate the audit process and will seek alternative PINK status with OTC Markets and remove the STOP sign. We will not file an S-1 and will not seek fully reporting registration status at this time. The company will instead focus on increasing market share in its
marketplace and increasing revenue streams organically.
Ricky Bernard
CEO/Director
Stockholders' Deficit
Series A Preferred Stock, $0.000001
par value, 10,000,000 shares
authorized;
none issued and outstanding -
Series B Preferred Stock, $0.000001
par value, 10,000 shares authorized;
none issued and outstanding -
Common Stock, $0.000001 par value,
8,058,898,915 shares authorized;
shares issued and outstanding
2017
Revenue 978,049.87
OPERATING EXPENSES
COGS 157,153.45
G&A 799,710.97
TOTAL EXPENSES 956,864.42
NET OPERATING INCOME (LOSS) 21,185.45
As shown in the accompanying financial statements, the Company had
accumulated deficit of $222,967.19 for the period as of September 30, 2017. The company recognized $978,049 revenue for the period ended September 30, 2017. As of September 30, 2017 the company had consolidated assets of consisting of $34,483.83 wheel chair receivables, $240,000 insurance claims receivables, $115,638 fixed assets, $36,480 Cash in bank, and $1,200,000
in Goodwill. The company owns 4-ambulances and 7-wheel chair lift vans. Management values the company’s goodwill at $1.2 Million based upon 1times revenue including intangibles such as long term contracts and receivables. The company valued its total assets at $1,279,747.50 due to invoice adjustments in insurance claims processing for its ambulance services.
Quantum Medical Holdings, Inc. had 10 million shares common stock issued and
outstanding to our company CEO Ricky Bernard for $1,000 cash. Our CEO owned 100% of the merger sub company (Quantum Medical Holdings, Inc) outstanding common shares; no preferred stock had been issued or authorized for that company. The company had an obligation to issue 4,700,000,000 restricted common shares to Ricky Bernard in exchange for his shares in Quantum Medical Holdings, Inc. The company increased its authorized shares to 10 Billion, then issued the 4,700,000,000 control restricted common shares to Ricky Bernard. The company entered into a settlement agreement with Northbridge Financial to restructure the company debt through a 3(a)10 lawsuit that was filed by Northbridge, in which Northbridge received stock in exchange for the debt. The $810,000 debt was incurred as a result of the acquisition of United Ambulance, LLC. The company mutually terminated its 3(a)10 settlement agreement with Northbridge Financial and entered into a settlement with CF3 Enterprises, LLC a New York private equity firm that
acquired the company’s total outstanding debt of $1,455,000 through a 3(a)10 settlement.
In six months Ricky Bernard turned 10,000,000 shares worth $1,000 into 4,700,000,000 worth $470,000 to get the merger completed. That's one hell of a deal if you ask me.
Took $810,000 of toxic debt and nearly doubled it after company price fell to no bid to $1,455,000. Also raised $3,000,000 in private placement.
The three year plan PDF is now garbage imo. Haven't seen anything stating what he has accomplished in the last six months with this influx of cash.
10,000,000,000 shares
4,700,000,000 shares restricted
700,000 restricted fro first private placemnet
5,299,300,000 float
how may shares were given to CF3? How many shares issued for the $3mil private placement?
don't forget last statement he claimed he thought Northbridge was done dumping, so if those shares were dumped why is there a refinance for almost double the original?
I included the hints as much as possible... only thing that makes sense given the history...
History is about to repeat itself here...
unlimited shares to 40,000,000...
trying to get SEC compliant once again...
Looks like 41 traders figured it out so far. I’d be curious to know what they do and if it all balances out... what’s the conversion rate? Shares to troptions? Troptions to $$$?
https://xchain.io/asset/STBV
Or did only 4 figure it out?
https://xchain.io/asset/PEPESAILORV
https://xchain.io/asset/KIGURUMIPEPE
https://xchain.io/asset/POKERPEPE
https://xchain.io/asset/PEPEFUYU
Ouch... rinse and repeat... that’s gonna hurt some on Monday morning regardless of whom they claim to be doing business with...
10/16/2017
10/20/2017
10/24/2017
Wonder when it takes effect?