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Thanks for spreading the word T.J.
This is the part that I think most dissention fails to realize.... the value of the shell is worth quite a bit to the right merger. Quite a bit of money has been spent to get this ticker even to this point. For management to simply walk away and leave the rshn ticker for dead would be ridiculous and a major waste of money. Look at how many trash tickers there are at these levels. Many of them have tons of convertible debts buried. As far as I'm concerned the fact that there isn't any in rshn and there hasn't been any dilution over the past year plus tells me that Ashley is sincere in trying to do right by shareholders. Spin off helios, and rshn shareholders get to participate in dividend shares... then find a solid reverse merge candidate for rshn and all of a sudden shareholders have some major tangible value. Thank you Ashley for doing what you're doing. Some won't ever give you credit for it, but no matter... you're already winning. Bring this all to the finish line and reward those who believed in what you're building. Those who don't want to see it will unfortunately miss out because they couldn't understand what you're doing takes time. You've met milestones and moved the needle towards a more prosperous future for rshn shareholders and that in my humble opinion deserves respect. Thank you!
Why does any profitable company go public when they can keep all the money for themselves without sharing with investors.
By that logic, Bezos would have made some money in Amazon, but he certainly wouldn't be one of the richest men in the world.
Thoughts?
Hmmm.... debts are used as a normal course of business. That's nothing new.
Tell us more about these debts... are they toxic convertibles? Have they been restructured in the past to alleviate pressure on the financials?
Is the company doing what many other companies have done before them? Taking on debts to grow the business to then pay back said loans? Are revenues growing for the company? Is the company securing new business?
Thoughts?
Sure.... my thoughts are this....
The reason you are seing the first half loss is because the company spent quite a bit of money trying to get an Audit done as well as preparing filings. It's not cheap to be a public company. Now with all of those one-off expenses related to the audit out of the way.... what happens next?
Thoughts?
That's a unique way of looking at it... Just because you're a real company doesn't mean you can't be a scam and the same holds true with a penny stock always being a scam when some are not. You're right that most pennies have major issues, but if you find the right ones, you'll make more in a year then you'd ever make in the "real company" realm.
People used to call Alpp a penny scam. Lmao.. now they cry themselves to sleep thinking about what they missed out on in 2020.
Best of luck...
Got any sources for these allegations?
Thanks in advance....
Really??? Please elaborate on the holes....
Would like to know how a new Cusip being issued for Helios isn't furthering along the cause or the dividend being completed.
Nice thought!!
I don't think the amount of shares will be enough to alter the RS price to 10 cents. But it will be enough shares that will have a substantial impact as we climb.
Think of it this way.... for every 100 million shares that get returned to the treasury, that will equate to 1 million dollars in market cap at 1 cent. If this gets to 5 cents a share those 100 million become 5 million in market cap. Shares being returned will have a major impact imo because those shares are no longer available to be dumped and or to help hinder the stock rising. Crown Bridge could also be just the tip of the iceberg. Who knows if it will have a trickle down effect to other convertibles from other offenders being returned. One can have wishful thinking that the SEC holds them accountable to the same thing Crown Bridge did.
A simple observation is 10 billion authorized common shares. Times that by the 5 cent RS target and that means that Ken and Todd believe attaining a 500 million market cap is attainable to uplist with full dilution and assuming they don't raise the A/S along the way. Now that being said the share structure is about 76.75% of authorized at the moment.
When shares get returned that % of outstanding vs authorized will go lower and in theory, make this lighter to fly higher.
So the burning question is... does Ken and Todd have a product that will afford this getting to 5 cents. We will have to see a lot more than the prior financials indicate. But if you go back and watch the prior podcasts, the duo have a plan on how to go about attaining that valuation. It's gonna require liquidity events and revenues ramping up. Yes, I know there are many who have various opinions on weather or not this will happen. But bottom line is its not up to opinions. It up to execution and we will see in the next several months to a year who's opinion was correct imo.
Personally, I'm rooting hard for Ken and Todd to find great success.But this company and stock need to see the liquidity events and revenue flows they've been talking about in order for that to happen!! Fingers crossed!
Who care's what industry they were in. The point I was making is those company's were running at deficits to start. That's how all businesses usually start. They work towards proof of concept and then the revenues start to roll in with adoption of the concept.
The story of chapter 11 verse melt your face off to insane valuations lies somewhere in between but the common thread between all of them is they all build to a proof of concept to start. Sometimes that takes years and years of growing pains before it finally takes off.
To say this is going to succeed or fail is all opinion at the moment. But looking behind is never how one should invest imo. Pick something to believe in and go with it. If it works, to the victor goes the spoils. It it doesn't, then a lesson is the prize. That's investing in a nut shell weather it be an OTC stock or a big exchange. Rise and fall of the titans is the stock market.
At the moment, all I care about here is that there are no convertible debts remaining on the balance sheet. (In fact, this one should have some shares coming back from a convertible note... see SEC vs crown bridge...) Now let's see if the proof of concept starts panning out in the 2nd half.
Good luck to you!!
Proof of concept is what it comes down to. That, good timing and having a product that fulfills the needs of the public desire, to utilize said product is the end goal of any company.
Microsoft started as an idea that most couldn't wrap their minds around. But Gates persisted and grew it from a micro cap to the behemoth it is today.
Amazon was the exact same way back in the early 2000's. Most ridiculed. Said the financials and concept weren't there. But nonetheless, Bezos persisted.
The whole aspect of if you build it they will come is in play here. The question is.... will they come? That's what speculation is and its also how thousands of people have become very very rich. Other ideas have failed and fallen flat on their face... Will Decentral Life succeed or fail to show proof of concept? Place your bets and believe or don't. Nothing new to that concept though. It's been that way in the markets since they first started.
Yeah sorry about that Lakota...
Saw https://decblock.com/ and thought it might have been a new website, but you're right its the same as https://www.dappblock.net
I've been holding shares and accumulating for a good long while here and I'm well aware of what can happen here if Ken and Todd deliver.
Patience is a virtue as they say... LOL. Bring on some liquidity events and lets start showing proof of concept in this second half of 2022! The rest will take care of itself!
Cheers and thanks to all of you who have been educating the masses!
It's a new branch that they've created under their TBI Licensee umbrella.
Future revenue stream opportunities if and when it takes off.
Company Description:
DecBLOCK, Inc., BLOCK for short, is a blockchain education company focused on developing and launching continued education courses, webinars, and investor workshops. BLOCK partners with other Blockchain and Cryptocurrency companies that offer their guest speaking services to enrich the educational content we distribute. BLOCK aims to be a leader in continued education programs for Certified Public Accountants, Private Wealth Management Advisors, State and Federal Officials, and C-suite executives.
https://www.decblock.com/home/team
In my opinion this is a segway into Decentral Life finding revenue streams through educating others on how to go about utilizing and creating blockchain alternatives for their own purposes.
https://decblock.com/
I haven't seen anyone post this website up on this board yet.....
The other question is... which convertible note is the one that they converted through WDLF shares. Because if it was one of the ones that converted in 2020 or 2021, that could be a substantial amount of shares that need to be returned imo...
Subsequent to March 31, 2022, the Company issued 807,663 shares of common stock as follows:
? 380,952 shares to Centurion Holdings LLC as part of the acquisition (see Note 1).
? 160,416 shares issued for conversion of debt and interest.
? 108,000 shares to our CEO for conversion of Series A Preferred Stock.
? 146,291 shares issued under a registration statement on Form S-8, to employees and consultants for services.
? 7,200 shares issued for a restricted stock award.
? 4,804 shares to debt holders for commitment obligations.
Good luck to them on trying to dump the shares the continue to get. Jason made sure he killed the stock. Worst CEO ever.... But hey at least he believes in fairy tales and unicorns. Makes sense why Jason keeps paying $2500 for someone to write fluffy BS.
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I hear ya. Remillard has been able to hype the story and cause runs in the past. This time though, I think it's going to take something earth shattering. Jason didn't just break the golden rule of valuing his shareholders, he vaporized it. I can tell you, there are hundreds, if not thousands of investors who would love nothing more than to see that guy in jail or pennyless. Not exactly an ideal spot for someone who wants to raise funds or stock price.
Bubae,
The only major flaw with your analysis is it doesn't take into account the amount of diluted shares that Jason allows and will continue to allow to convert on a monthly basis. The goal posts keep moving and not in the right direction. This has been the standard MO of this ticker since Jason put his dysfunctional, credit card debt holding hands all over it. I find it funny that he went from starting this with credit card debts to giving the company loans upwards of 300 plus grand this past year. Even charged interest..... Life must be good for that POS. The guy has only survived these past 5 years because of the 99% loss that he shoved down investors throats. You could tell in the interview he recently had, he's a man who harbors some sort of shame and the nervousness that accompanies that. The guy is a chronic underperformer who had to be be a hypester to keep his pathetic company operating. He has fleeced his investors time and time again. What makes this time any different?
Jason dilutes and never reports it until month end. It's been this way for a good long while now...
Worthless doesn't even begin to express the CEO and his IR department running this thing... I'm convinced an 8 year old with an allowance could run this more effectively.
Subsequent to September 30, 2021, and through the date these interim consolidated financial statements were approved for issuance, the following transactions occurred:
On October 4, 2021, the Company converted 3,300 shares of its Series B Preferred Stock into 18,535 shares of its common stock. The issuance was exempt under Section 4(a)(2) of the Securities Act.
On October 19, 2021, the Company converted $30,000 of a promissory note into 20,281 shares of its common stock. The issuance was exempt under Section 4(a)(2) of the Securities Act.
On October 19, 2021, the Company closed a financing transaction pursuant to the terms and conditions of a Securities Purchase Agreement (the “Purchase Agreement”) with Mast Hill Fund, L.P., a Delaware limited partnership (“Mast Hill”). Pursuant to the Purchase Agreement, Mast Hill purchased from the Company a Promissory Note (the “Note”) in the aggregate principal amount of $444,444.00 (the “Principal Amount”), and delivered gross proceeds of $3650,000.00 (excluded were $40,000 in original issue discount; $28,000 as a fee paid to J.H. Darbie, a registered broker dealer; and, $7,000 in legal fees for Mast Hill). Timely payment under the Note is secured by the issuance of a Common Stock Purchase Warrant (the “Second Warrant”) to Mast Hill for 161,616 shares of the Company’s common stock at an exercise price of $3.20, exercisable only in the event of a default under the Note. Interest on the Principal Amount of the Note accrues at the rate of 12% per annum. Repayment of all amounts due under the Note shall be tendered on the 12-month anniversary of the Note, though certain amounts are due earlier upon the closing certain designated investments. The Note may be prepaid in whole at any time without prepayment penalty or premium. If the Company fails to meet its obligations under the terms of the Note, the Note shall become immediately due and payable and subject to penalties provided for in the Note. Upon an event of default under the Note, Mast Hill may also convert all amounts due thereunder into shares of the Company’s common stock at a price of $4.00 per share. The Company also granted to Mast Hill warrants to acquire 161,616 shares of the Company’s common stock pursuant to a Common Stock Purchase Warrant (the “First Warrant”). Exercise price for the warrants is $3.20, with a cashless exercise option. The Note, the First Warrant, and the Second Warrant impose an obligation on the Company to reserve for issuance that number of shares of the Company’s common stock which is 2 times the number of shares issuable under each of the respective three documents.
Warrants, conversions, issuance of Series B. Sound like a broken record? The stock price continues to go down because of these things. He has cash but he burns through it like a match to a stogie and the debt holders always come out on top.
As for sounding like you, LOL, what can I say. Remillard has brought the basher out in me. I don't like what he's done to the people who believed in him the most. He has legal options to go after his lenders (primarily Blue Citi in New York) for the damage they caused here, but the guy has turned a blind eye to it for the past several years. That tells me he's either weak, or he doesn't have shareholder interests in mind. Neither of those are acceptable given the narrative he has stated in the past about providing shareholder value. Anyways, that's my rant. On to watching other stocks and companies that actually perform.
Yes indeed. He has carefully crafted his escape plan if he needs it. The amount of convertible debt on this ticker that has already been converted or is still due to be converted in the coming months, is more than enough to make any hype worthy event fall on deaf ears. Just look at the past 6 months. People don't fall for the narrative anymore. Jason has already slaughtered even the staunchest of his believers. The only clear cut winners here are the debt holders who shorted the stock and diluted along the way; and Jason Remillard who received a paycheck for the past 4 years only to bring nothing but 2 reverse splits and collection of failed products that produce roughly 4 million a year in revenues but cost more than that in expenses. How he assumed that was Nasdaq worthy is beyond reasoning. It could be that he has "Big Things Coming" but that narrative is wearing thin and it never translates in the financials.
This stock continues to drown in debt that needs to be converted. The lower we go, the more pressure there is on the conversions. Jason doesn't care because the debt cash flow is keeping the lights on and he still has ultimate voting power. If he loses percentages of that, he just prints himself more preferred voting shares. This stock is like his personal ATM. He's more than likely trying to make moves to fix his cash crunch problems but the guy can only rob Peter to pay Paul for so long and most shareholders are not willing to play the role of Peter anymore.
I'm telling you all things that you know. Perhaps this gets a spike at some point in time, but its going to take something massively compelling and Jason has failed to do that at every turn. The guy does not understand how to appeal to a shareholder and perhaps that's because he can't anymore.
Anyways, good luck on all your positions bud.
You know Bubae... I used to pity you for not seeing Remillards "greatness" while I and many other shareholders were down 60 plus percent. You vehemently talked about the destruction Jason would bring upon shareholders...You and others were right.... Shame on me for believing Remillard would right the ship and redeem the shareholders.
So I hope you don't mind when I say... I pity you for not seeing Remillards "greatness" at fleecing anyone of their hard earned money. You might not be down 60 plus percent at the moment, but I do find it funny that you find yourself in the same spot you warned investors about over and over this past year. Let's just call it Karma I guess...
Perhaps we all can agree that Jason Remillard is.... many expletives and all sorts of expletives. The guy doesn't deserve anyone's money and perhaps some day... the Karma finds it way to Jason Remillards door step. Maybe its already here. Best of luck to anyone who ever believed once that Jason Remillard was redeemable. Sad to say.
Definitely no hard feelings Hey. Life is way to short to argue about a CEO and IR person that are as worthless as tits on a bull.
Definitely still trade stonks. Trade the pennies is the best thing I ever learned from Remillard. About the only one I held this past year and still hold is the ALPP roller coaster LOL. Now that... is a management crew that knows how to do something for their shareholder value.
If Remillard had a brain, he'd look into suing Blue Citi in New York for Usury offenses. God knows they took 10s of millions from shareholders due to that ridiculous first note. More than likely won't happen though because the guy is too busy patting himself on the back for the 3 million in revenues that took him 4 million to produce.
He's the Industry Leader in his mom's eyes!! That's gotta be good enough for the market right?!!! LOL!
This company and stock are a steaming pile of.... but none the less.... I feel the urge to follow up to your snippit of information..... See page 16.
DMB Note Collection Action
DMB Group, LLC (“DMB”) filed a lawsuit against Data443 Risk Mitigation, Inc., a North Carolina corporation, the Company’s wholly-owned subsidiary (the “Subsidiary”), June 17, 2021 in County Court in Denton County, Texas, naming the Subsidiary as the defendant (the “Complaint”). DMB claimed a breach of the note issued to it on or around 16 September 2019 in the original principal amount of $940,000 (the “DMB Note”). The DMB Note was issued by the Subsidiary in connection with the Subsidiary’s acquisition of assets from DMB. DMB claims that the Subsidiary is delinquent on its payments under the DMB Note and is therefore in default under the DMB Note. The Company has already accounted for the liability owed under the DMB Note. The matter was settled on September 2021 by mutual agreement of the involved parties. The Subsidiary will make payment of the remaining amount due under the DMB Note over the next six months. This matter is now considered closed.
It's a good thing I'm not asking for your opinion... But it's ok if you believe this is nothing. Keep thinking that...
It's pretty simple so I'll lay it out.
Basile is WDLF's representative in our case against Peak One Opportunity Fund in Florida and they are our representatives in the lawsuit against Peak One Opportunity Fund in California.
Basile, won a major judgement in the New York Court of Appeals.
"The Basile Law Firm P.C. has been steadfast in representing our OTC Markets issuer clients in both federal and state courts around the country. To that end, we have been involved in dozens of federal court cases as toxic convertible notes lenders sued our client to try to enforce what are possible illegal contracts. The recent NY Court of Appeals decision, a decision that cannot be further appealed, reflects our long stated and correct legal position from the beginning that a convertible note is not only subject to New York’s usury laws, but the conversion discount (when the debt is converted to stock based on a mathematical formula presenting a discount to the trading price of a public company’s stock) must also be considered interest. The NY Court of Appeals also agreed with us and affirmed that a violation of New York’s criminal usury statute (charging interest 25% or over - Penal Law §190.40) voids such loans; the lender loses both principal and interest, that the loans are void ab initio and must be cancelled by the courts. The Court also agreed with us and reached the conclusion that such a conversion feature does not transform a loan to an equity investment upon conversion for purposes of the application of New York’s usury statute. The court further recognized there is no equitable remedy available to a usurer under NY law. Adar Bays, LLC v. GeneSYS ID, Inc., No. 51, 2021 BL 393765 (N.Y. Oct. 14, 2021)."
So... the fact that these guys got an appeals court to finally agree that convertible/toxic debts are indeed Usury is ground breaking. Earth shattering actually. It opens the doors that were once shut. It also opens people's eyes to the fact that it can be done, when for a long time it was thought it would never happen. When the levy breaks... what next?
Now you might say... it's just New York. So what.... Courts and judges have a habit of seeing what other courts and judges do. That's why it's called setting a precedent. Mark and his group now have a new arsenal thanks to these rulings and guess who that might just help in their lawsuits against toxic lenders? WDLF. They are suing these lenders for the same exact premise they presented and won in New York.
That a good enough comparison?
Apparently you need to pay attention to who is representing WDLF in their 45 million dollar lawsuits against toxic lenders....
https://www.thebasilelawfirm.com/post/new-york-s-highest-court-rules-convertible-notes-subject-to-criminal-usury-laws?fbclid=IwAR3HDWklJ4tk5kI-6gyy5S_KxXadhmow1qSEXvoGFhlcfe4IO_QyHrtTUqI
This recent judgement win in New York was made possible by the hard work of the Law firm that is representing us in Florida and California. Many of the same points that they are making in New York, and won on, are what they are basing the lawsuits on in Florida and California. Very interesting that a precedent is being set and progress is now being made.
Something to ponder... what happens if the notes we are suing on, are deemed usury and are hence considered null and void? Thereby forcing the lenders to either return the stock they granted themselves or be forced to settle with the company...
Could be very interesting in my opinion.
https://www.thebasilelawfirm.com/post/new-york-s-highest-court-rules-convertible-notes-subject-to-criminal-usury-laws?fbclid=IwAR3HDWklJ4tk5kI-6gyy5S_KxXadhmow1qSEXvoGFhlcfe4IO_QyHrtTUqI
Blue Citi ring a bell?
The first note they got was converted into Billions of shares for millions of dollars. Usury doesn't even begin to explain how predatory those notes were.
Question is.... will Remillard continue to sit back and do nothing for his remaining shareholders?
Sergee,
I am no longer a fan of Jason's or the debacle that he has turned this into, however, I would be remiss if I didn't correct what you are stating below.
Jason does not get 1.8 billion shares if he converts his preferred shares, he only gets the voting rights attached to them.
See this:
"In April 2018, we amended the designation for our Series A by providing that a holder of Series A was entitled to (i) vote 15,000 shares of common stock for each share of Series A on all matters submitted to a vote by stockholders, and (ii) convert each share of Series A into 1,000 shares of our common stock."
This means that Jason holds 150,000 Preferred shares. Which will convert into 150 million shares (150,000 X 1000) if he chooses but it gives him 2.25 billion shares of voting rights (150,000 X 15,000). He has maintained the voting rights in this ticker since he took over the shell. This is nothing new... I surmise he has done it to ensure he wouldn't have to deal with a hostile takeover so he can continue to run the equity into the ground by issuing himself more preferred shares to keep ahead of the dilution he is ramming down shareholders throats. Remember though, if he converts those preferred he loses his voting rights attached to them.
Nasdaq is definitely laughable until he relinquishes his voting power.
Hope this helps...
https://oilprice.com/Energy/Energy-General/Alaska-Wont-Let-Biden-Stop-Its-Oil-Boom.html
and...
https://www.zerohedge.com/energy/alaska-wont-let-biden-stop-its-oil-boom
EEENF is getting noticed on some higher level financial sites.
The company reversed their decision to block several shareholders on twitter. Good to see proper reasoning prevail.
Oh and did some reading up on Twitter today. Apparently Data443 blocked quite a few shareholders who were asking questions about the RS on their twitter feed. Seems JR is a taking a page out of the old dictator rule book...
If you don't like what your subjects say... block em. Bravo.... Especially when you could use your voice to answer the many questions they have posed for you. You know.... the kind of stuff companies that actually give 2 cents about their shareholders and customers would do...
I'll say it again, #DobetterData443.
Thanks and good luck to you too BB!
Yep... lots of optimism. Microcaps in general have benefited greatly due to the influx of cash being dumped into the markets. If a pink sheet can command over a billion in market cap as we have seen happen for multiple pinks, there is hope for many of these plays. Just need management to play it right.
Thumbs up.
I've been riding a ticker i've seen you post on recently. In that one from 12 subs.
"Life's been good to me so far." - Joe Walsh
Welp, I hope for the sake of the little guy, Remillard grows a pair, a conscience and returns back some of the shareholder value his investors have lost. I have a feeling that if he doesn't make this right, he's gonna have all sorts of people popping up reminding everyone of the story of ATDS for years to come of that, I have no doubt. Redemption and failure have outcomes. Jason will choose his.
Nah bud... I, like many, chose to see the good in Remillard. He has beaten us up at every corner for that faith. Live and learn....
That's why talk is cheap.
LMAO BigBrains,
Don't you have like a new Lambo or yacht to go buy with the millions you made this morning?
FYI- Talk is cheap and people don't care....
As for followers, many feel the same as I do. Remillard took you for a ride as well...