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Read a few cases on lawyer sites it can be done either way, when there are no real assets or cash. Issue new shares or continue with existing shares.
Press release
Think DJS can bat 1/6? Sometimes a blind squirrel finds an acorn.
If Chap 11 is filed our only hope is they don't issue new shares and dissolve existing shareholders. Also OTC can trade during bankruptcy but usually interest drops off so there is no activity per my research.
Agreed, relaunch with signage add campaign in airports & hotels and BOOM. Never marketed correctly.
Interesting Xerox thanks for posting. You can tell by looking at DJS's home in Florida he is not in a multi million dollar home. So maybe some of what he says is true, but there is always a wife or friend who can play the stock with insider info.
Tobi knew he was loosing his baby, took it down in spite which is stupid. Working with new management to restore vitality would put money in his pocket. Idiot never marketed the company correctly.
I have read everything up to date certainly have my fingers crossed.
Seems like in the business world it happens faster on court orders guess pinks just don't carry any weight.
Anybody know why passwords/platform/app have not been turned over by Tobi?
Seems like the first thing to spend money on would be getting some type legal force via the courts under an emergency action.
DJS is calling a spade a spade by exposing Tobi which seems plausible since Flit Holdings is verifiable. No reason to have Flit Holdings unless circumventing FTWS.
Flit Holdings is the ultimate target of inquiry to recover diverted income.
Yes they go hand in hand, my point is not complaining about current management.
Squeaky wheel gets the grease complaint was on Tobi not FTWS
How many of you filed complaint with SEC regarding Tobi? I did.
Yes agreed today's 10Q shows revenue
10-Q shows if in the right hands Flit would have grown & worked for investors over time. Now it looks doomed.
IMO pure speculation Daniel is trying to be successful but coming up short previously. The website is at least effort.
Because someone paid for that PR...why & who?
I was pretty sure FTWS burned some cash developing something...what exactly we may never know.
Its back-end design enables global travel partners to become FlitWays resellers by seamlessly integrating its booking engine into their reservation interface. What’s more, the technology was developed to make white labeling a very simple process
Quote from PR-White labeling FlitWays technology
The third B2B opportunity we see for FlitWays is making its booking engine and app technology available as a white label solution for other travel technology developers. White labeling refers to a product that is developed by one company—in this case
FlitWays
If FTWS had no platform or app what were they peddling for "white lable" solution?
Better chance of Chapter 7 than pulling out of 11. Tobi did the concept in with his actions.
Besides this board where & how is it being promoted? Twits from Daniel?
That is the magic question, how much Tobi diverted and could be recovered.
If interim CEO can keep out of BK and signs of hope appear Market Makers may support price w/o dilution.
The wording in the 8K leaves wiggle room if creditors take negotiated settlement and there is cash to do so without filing Chapter 11.
I wrote FTWS off long ago but since its worthless I will ride it out. Hoping Daniel does something positive but I guess a 25% or lower chance.
My impression two years ago was FTWS had built an APP & Booking platform. Tobi raised money renaming the shell to FTWS in order to grow. Other than that I am confused. Not sure which way money flowed in the Karhoo/FTWS partnership.
I know Tobi backdoored funds from Flit (ftws) what I am curious can you say for 100% Flit Tech UK is using or was using FTWS platform and Tobi took those royalties?
Do you know factually that Tobi backdoored funds via the partnership with Karhoo? Or is it a case of trying to connect the dots? My opinion is the booking network for Flit had some value, who what when where and how IDK?
Nothing can be found linking the UK Flit Tech & USA Flitways other than PR on a "partnership". Which you will no longer find FTWS as a sharing partner shown on the UK websites. Cannot partner with a non-functioning company.
Does't have anything to do with FTWS. Same thing would have to happen with FTWS relaunch with what money?
Please send mssg if you confirm anything. I am not a subsciber.
No doubt on Bankruptcy filing on or before 12/31/18. Could come much sooner if Tobi drags out the legal side with his actions.
Law firm listed on lease Tobi signed 9/17 for his $20K per month space.
Don't know if they represent Flitways?
http://www.hennellygrossfeld.com/
I did some digging on his home address and only one Daniel comes up. Shows children but not named Daniel.
I searched & search for it image search, read old post etc cannot find it.
But remember his old Facebook page for sure. Don't know if he legally changed his name.
Pretty stupid & lacking foresight, shot himself in the foot. What a douche.
Easy prey for a forensic accountant to nail his butt.