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Another horrific pump press release.
Family Offices investing in WEYL?! LOL. Almost spit out my coffee.
Pathetic company. Wow.
Where are the big blocks? I see "fake" bids of large sizes, but when you look at the tape there are onyly blocks being transfered back and fourth.
$0 price target. Agreed.
It's most recent pump report from Emerging Markets allegedly cost WEYL $250K.
WEYL had 37M shares outstanding on 1/1/2019. Today, 99.6M. Most of these were sold at over a 50% discount to market. Were they also "associates"?
WEYL loses money. Even if there "preliminary" results show some pro-forma profit, it will not be there on the audited year end results.
IMO
Agreed - $0 price target.
Can you reach out again today and ask them to clarify why its founder James S Painter III was sued by the SEC?
https://www.sec.gov/litigation/complaints/2011/comp21863.pdf
By 7am EST already tons of activity from our spammers in Asia.
Weyland Tech recent highlights:
- Auditor with a history of negligence (barred by PCAOB)
- Promotor who has been sued by the SEC.
- Fake "naked short" rumour that never came to be.
What did I miss?
ARE YOU KIDDING ME?
100M+ of dilution in the last year, HOW IS THAT A GOOD SHARE STRUCTURE?!
Pathetic
History of SEC LITIGATION
Report Weyland Tech has paid Emerging Markets an alleged $250K to produce.
Oh, has anyone looked into Emerging Markets? Led by James S Painter III. A quick Google produces some interesting finings, including a LAWSUIT by the SEC.
https://www.sec.gov/litigation/complaints/2011/comp21863.pdf
Diamondjim, Laraz, please see.
What does WEYL make? $0.01 of GTV? If it even owns all of AtozPay (which it doesn't), the #s are a joke.
Theft, as per. This is a $5k-10k deliverable. Laughable.
Old news? yes, this happened two years ago
MEANINGFUL and RELEVANT news, YES, as the company’s current auditor has a history of not being diligent in its work, particularly regarding RELATED PARTY TRANSACTIONS.
Please remind me what % of WEYL revs are related party? 95%?
Honest auditors? Failure to perform sufficient work over related party transactions. Isn't WEYL's $50M of rev all related party in nature?
Centurion ZD CPA Limited is listed as the auditor. See below.
https://www.cfoinnovation.com/accounting-compliance/hong-kong-finally-acts-against-us-sanctioned-accounting-firm-three
"Barred in the US
On May 16 last year, the PCAOB ruled that the four parties violated its rules and standards as well as those of the US Securities Act in relation to the 2010-2012 financial audit of US-listed firm Kandi Technologies Group. AWC was the company’s external auditor. Wong Chi Wai was engagement director and Chung Mun Leung engagement quality reviewer, while Wong Fei Cheung was director of audit.
The parties settled the case with the PCAOB without admitting or denying the findings, which included failures in identifying related-party transactions, preparing sufficient and appropriate audit documentation, and identifying an independence violation. AWC was fined US$10,000 and had its US registration revoked, with a right to reapply after two years. Wong Chi Wai was also fined US$10,000 and barred from being an associated person in the US, with the right to request lifting the bar after two years."
Fake volume based on paid promo.
Even OTC official website showing it!
https://www.otcmarkets.com/stock/WEYL/overview
See right side of the page:
OTCQX Composite
OTCQX U.S.
Stock Promotion
Verified Profile 01/2020
Penny Stock Exempt
Transfer Agent Verified
Two Independent Directors
"OTC Markets designates a security with a promotion flag when it becomes aware of current stock promotion related to the issuer. The promotion flag remains on the security for 15 days following the end of the stock promotion. For more information, please see our Policy on Stock Promotion."
Company is a scam IMO. Statements are not audited.
Use your head, folks. Do you trust a CEO that pays promoters to bump old press releases one line at a time to create fake activity on these message boards?
This. 100%. Run. I had buys in the $2.80 range as well.
Sold my 20,000 shares for a huge loss at $0.38. Don’t know how anyone rational can support a company that pays for “promotion” like this. Would really like to hear Brent justify why this is being done. To steal from new SHers?
This should be bumped daily as well
This should be bumped daily
LOL this is laughable. Stock down 18%. More dilution coming, IMO.
Wasn’t the outstanding share count also 90 million lower?
Sheep, please don’t be fooled by old stock prices. Look at historical market cap.
Ate $15k loss today. Held for 2.5 years, sold today. Too shady, scam company IMO.
How can you trust a company that pays useless spammers to pump these boards?!
Meet Sim Farar
Sim Farar is the Chairman of the U.S. Advisory Commission on Public Diplomacy. He is a managing member of JDF Investments Company, LLC, specializing in corporate development and financing merger transaction. For over 30 years, Mr. Farar has been a key figure in Los Angeles, serving on the board of directors of several companies.
In 2002, Los Angeles Mayor James Hahn appointed Mr. Farar to serve as a commissioner for the $12 billion Los Angeles Fire and Police Pension’s Trustee Fund. In 2001, he was appointed to the Woodrow Wilson Council, the private sector advisory board of the Woodrow Wilson International Center for Scholars in Washington, DC. In 1999, he was appointed by President Clinton and confirmed by the U.S. Senate to serve as the United States Representative to the 54th General Assembly at the United Nations in New York City. In 1994, Mr. Farar received a Presidential appointment to the Advisory Committee on the Arts of the John F. Kennedy Center for Performing Arts in Washington, DC.
Mr. Farar has been a California resident since 1956 and is currently an associate at the University of Southern California Law School. Mr. Farar has traveled extensively throughout the world on business as well as leisure.
NEWS. Would a name like this join a fraud?
https://www.globenewswire.com/news-release/2019/07/19/1885305/0/en/Sim-Farar-Joins-Weyland-Tech-Inc-Advisory-Board.html
From another article
"The United States Senate confirmed Sim Farar as a Member of the United States Advisory Commission on Public Diplomacy. Mr. Farar was Nominated by President Obama in February and confirmed by the United States Senate by a voice vote on May 26th. Mr. Farar was sworn in on June 3rd by Under Secretary of State Pat Kennedy at the U.S. Department of State in Washington DC.
The U.S. Advisory Commission on Public Diplomacy for the United States is charged with appraising U.S. Government activities intended to understand, inform and influence foreign publics and to make recommendations on the same to the President, the Secretary of State, the Congress, and the public.
From 1999 – 2000, Mr. Farar served President Clinton as the United States Representative to the 54th General Assembly at the United Nations. Mr. Farar was also nominated by President Clinton and served on the Advisory Committee on the Arts to the John F. Kennedy Center from 1994 -1996."
MD, how could you possibly own 530k shares at .58c avg? Haven't you been buying/accumulating for a year now? I find it hard to believe your average is that low.
I don't find it explicit that it is just the AtoZ Indonesia.
"Management made the decision to spin-off the eWallet business"
I preface with the fact that I am LONG 20k shares, bought as high as $3.
Can anyone clarify the Weyland Tech ownership of AtoZPay?
People keep saying that Weyland Tech still owns AtoZPay globally, other than Indonesia (where it only owns a small %). I don't find this to be correct. My understanding is that the Company only holds a small % of AtoZPay. Am I wrong?
Holder of 20,000 long. Just w/respect to valuation, should we not divide by 1/3 to reflect WEYL's ownership in AtoZ?
Also, does anyone know what the AtoZ distribution valuation was done at? AtoZ was distributed based on 1 share for every 5 of WEYL. That said, is there the possibility that we could be diluted?
Yes, had 19,200 but thankfully sold a couple thousand a month ago. Sad, saw this run to $1, too, and didn’t sell. Ate a $4,400 loss on the 17,200 shares yesterday.
Finally sold my 17,200 shares. Had an average of $0.30. Enough is enough.
Still biggest scam in the OTC, going back to last May. You’ve all been warned.
Here since the QBA days. Let’s run!
Been here since June, avg around $0.29. Didn’t sell a dime on last run, only added. Not selling till we’re back to $1+. It’s looming, folks.
Lost almost $8K in this scam. Do not be fooled people!
What are annual earnings? How many years to start generating some retained earnings? Just asking honestly. Don’t understand the hype on these companies with limited operations and debts...even with the “low floats”. Tired of hearing that. They pop for a day or two and gradually climb back down by 95%.
What’s the appeal here? Doesn’t the company have a SH deficit of $50M? Someone please advise if I’m incorrect.
Thanks
How do we open this morning? Thoughts?