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Q1 out, A little more dilution and a little less revenue. We opened a clinic though.
https://www.otcmarkets.com/stock/FAGI/overview
"On March 29, 2024 four million (4,000,000) Class F Preferred Shares – Series F Preferred are being offered at $0.50 cents for a total potential offering of $2,000,000. (Management reserves the right to expand this offering.) Each Class F Preferred Share has antidilution consisting of the following: After a Thirty (30) for One (1) reverse split (“Split”) of the common shares each share of Series F Preferred will automatically convert into 10X the number of common shares. (Example: if the common stock is trading at .01 Cents prior to split, with all things being equal it will be trading at .30 cents after split each $1 invested in Series F Preferred will receive 20 shares of Common Shares after the Spilt.) As of March 31, 2024, the Company had raised $1,335,000 from eleven investors. "
Yield Sign is back up.
https://www.otcmarkets.com/stock/FAGI/overview
https://www.otcmarkets.com/stock/FAGI/news/Full-Alliance-Group-Inc-Announces-Craig-Lane-as-President-of-its-wholly-owned-subsidiary-DYNAMAXX-Health-Inc-OTC-FAGI?id=433226
Full Alliance Group, Inc. Announces Craig Lane as President of its wholly owned subsidiary DYNAMAXX Health, Inc. (OTC: FAGI)
Press Release | 03/13/2024
TAMPA, FL / ACCESSWIRE / March 13, 2024 / Full Alliance Group, Inc. (OTC PINK:FAGI) is excited to announce the appointment of Craig Lane as President of Dynamaxx Health, Inc., a subsidiary dedicated to pioneering advancements in cash pay anti-aging and rejuvenation healthcare. With an extensive background in healthcare management and finance, Craig is perfectly positioned to lead Dynamaxx Health into a future with innovation and growth.
Craig brings to the table an impressive repertoire of expertise in healthcare management, sales, and corporate leadership. His career highlights include over a decade of impactful roles at Valet Orthopedics and SurgCap Funding, where he excelled in managing clinics, optimizing revenue cycle management, building clinics, developing financial structures conducive to growth and efficiency, and successfully exiting his own clinics.
His achievements are a testament to his leadership and vision, having been named Top Sales Person in the US for Carnation Foods which rewarded Craig for a scholarship at Florida State University, and later, won Entrepreneur of the Year for starting an apparel company as well as pioneering a campus map for new students at no cost by creating a coop advertising model during his MBA studies at the University of South Florida. Craig's tenure as a top commercial banker, managing a portfolio in excess of $100,000,000 and securing the largest loan in the bank's history for an iconic sports team, underscores his financial acumen. Craig was a correspondent with Greystone for multi-family and sub-prime commercial loans.
Bill Heneghan, COO of Full Alliance Group, commented on Craig's appointment, "Craig's in-depth knowledge and experience in healthcare management set him apart as the ideal leader for Dynamaxx Health. His proven track record in enhancing clinic operations and financial strategies aligns perfectly with our vision for MAXX Health Clinics. We are confident that Craig's leadership will propel Dynamaxx Health to forefront positions in healthcare innovation."
As President of DYNAMAXX Health, Craig's robust background in marketing, finance, and particularly healthcare, will guide the organization toward achieving its goals for expansion and innovation. His capability to manage complex business operations and drive rapid scaling initiatives is crucial for Dynamaxx Health's ambition to become a leading name in providing cash pay medical services through its MAXX Health anti-aging and rejuvenation clinics.
About Full Alliance Group, Inc.
Full Alliance Group, Inc. is a holding company in the health and wellness sector.
FAGI's wholly owned subsidiary, Bio Lab Naturals, Inc., founded in 2000, through its FDA-registered wholly owned subsidiary Pure Solutions, Inc., was built on the simple principles of using the highest quality ingredients, producing products with the greatest possible efficacy, and providing its partners with unsurpassed customer service all at a fair price. From day one, the Company has specialized in custom product development and FDA-compliant contract manufacturing, with a passion for cutting-edge formulations and innovative product selection. Now housed in a state-of-the-art 25,000 square foot facility in Tampa, Pure Solutions remains committed to its founding principles and is ready to expand its operations through growing organically by adding diversity to its in-house product lines and strategically through joint ventures, partnerships, acquisitions, exclusive manufacturing and distribution agreements, and mergers.
FAGI's other wholly owned subsidiary DYNAMAXX International Ltd. is in the health and supplement space using the direct selling channel as its sales force with its main operations in the United States and Canada. DYNAMAXX was founded in 2009 and has expanded globally since that time with its line of supplements. In addition to having a world class supplement product line, in October 2023 DYNAMAXX launched the first ever cash pay medical referral network through its independent reps ("Members"); allowing its Members to refer friends, family, other Members and customers to doctors who participate in the Dynamaxx Health Network. Initially, Dynamaxx Health Inc. is referring patients for EBOO/EBO2, PRP, Shockwave procedures to Doctors in the network. DYNAMAXX has a cost-effective way for individuals to participate in the ever-growing GIG economy by offering an aggressive compensation program to those that refer customers who purchase products, refer individuals to the Dynamaxx Health Network or to other individuals who want to start their own business. The company offers training and support to their distributors and has a strong focus on helping people achieve financial freedom through their business opportunity.
The last annual was published 2/21/23.
Must be earnings day with this volume.
I believe so.
Ulster County IDA update 2-21-24: Joe talked to a representative 10 days ago. They are still interested in Ulster County and have been in recent contact with Empire State Development and the Governor's office. They are working on the their business plan and financing. Joe said the talking, returning phone calls and continued interest is a positive sign.
Nice to see the New York Facility is still in the works. I hope the next Ulster meeting includes a commitment to closing on the $15-$20M in Bond funding. From LinkedIn:
"ABOUND's latest initiative involves collaborating with external companies to subcontract their Testing and Development services. The objective is to accelerate advancements in Long-Duration Energy Storage, ultimately leading to the contract manufacturing of state-of-the-art technologies at their New York facility."
Q3 finally out. $4M in sales for 9-months ended 9/30/23
https://www.otcmarkets.com/otcapi/company/financial-report/389161/content
Ulster meeting update. Robert Parker gave a brief update that there are challenges with the company currently, but they still intend to move forward with Ulster County for manufacturing the product. They are highly confident in the technology and are working through organizational issues. He was going to meet with the IPark 87 people following the meeting.
The par value of stock is an arbitrary value, It could be $.01, $1,000 or no par value. It is meaningless in the secondary markets, and only affects how the stock is recorded on the balance sheet. These are acquisitions of options with an exercise price of $.0676. Upon exercising the options(400,000), they would pay Zion directly $27,040 to convert to common stock.
This is from 9/8/23, I wonder why the OTC site didn't pick it up.
https://www.accesswire.com/782381/full-alliance-group-inc-otc-pink-fagi-fagi-announces-its-wholly-owned-subsidiary-dynamaxx-international-ltd-is-pleased-to-be-a-key-sponsor-of-billy-mcgehees-third-annual-great-american-911-pickleball-marathon
Zion is on a calendar year. Now in Q3.
I don't seem to have a problem. Try starting at the main page.
https://prime.energy.gov.il/
Scroll right and type Zion in the "Operator Name" box and filter.
As of this morning, Israel still has the license listed as active.
https://prime.energy.gov.il/search/petroleumrights?search=1&sby=&rows=100&first=0
The Ulster County IDA approved the additional taxable bonds. Zinc8 discussion starts at 1:04. It was also mentioned that another part of their financing package will include equity sales in US and Canada. Joe seemed confident that the deal will close in Q3.
2 months is a row, MARA has almost double the production of RIOT!
Almost 300,000,000 potential common shares to issue with the conversions rate's on the preferred shares. This isn't going anywhere for a while. Revenue was good, but expenses are too high for that kind of revenue. We gave too much for an unprofitable company. Hopefully that changes on the next report.
"Prior to the filing of this Quarterly Report, we received initial administrative approval from various departments within the Israel Ministry of Energy which puts us in an excellent position to obtain final approval of our license.
We continue our exploration focus here based on our studies as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential."
Looks like people are selling their RIOT and buying MARA. MARA's Bitcoin production beat out RIOT's.
Hope to see some revenue on the quarterly that should be out soon. That should help.
I suppose the extra shares come from financing the mergers.