Goodbye Hiru water.

Even Miro think this is a hail Mary play now.

HIRU to expand into AI!

That's the next announcement I'm waiting for.

As far as I can see the new incoming distribution company has not yet merged with Hiru. Does anyone have proof this happened? The PR in Nov said a separate PR would be released when it happened.

I also do not see any company operating update since Nov. Just the legal drama stuff.

AZ Custom Water will be bankrupt based on the filings we are seeing. Hiru is a holding company and has no value in of itself.

AZ Custom Water is not excused. Only Hiru. Isn't AZ Custom Water the main water business? The water business is gone, extinct like the Dodo.

No information of substance about the distribution company is being shared (because there isn't anything?).

End of year accounts due in next few weeks should reveal the truth about the above.

I thought Kathryn's tweets were bad but these new guys managed to take it lower.

Pictures of repacking of Alkaline88 bottles, some storage unit with ebay parts in it and 2 U-Haul trucks is meant to keep shareholders happy?

They said they were not going to tweet that much and yet do the opposite.

Kathryn was an out and out crook but at least she was competent at it....

A $20 million business is being brought for $700000 of HIRU stock. And then the remainder will be paid from the profits.

Meaning not a penny of profit will go to shareholders. Every cent they make is going directly into the pockets of the management.

How is this even legal?

So someone ran off with $10 million of assets.

They say on that same form that their revenue is $1 - $5 million and that includes both companies - if I'm reading it right. So much for Hiru being a $30 million a year company.

Seems like Alkaline88 made up 90% of their income and that's all gone now.

3rd QTR results are going to be a train wreck.

SP will dive according IMO.

So much for the no dilution. They have sold new shares privately. I assume to Miro. Hence all his pumping on tweeter to get a good price when they sell them on the open market.

With this and the bad Q3 results the SP is only going one way...and it ain't up.

Q3 figures will be a shocker for sure. Even Miro on tweeter is warning how bad they will be.

I guessing we will see a loss for Q3 so expect a lot of share price volatility in the following days.

Sub $1 million income for Q3? Not expecting it to be pretty for sure.

SP has a way to drop yet before we see what bottom is.

For sure some lies have been exposed and they are pretty damning.

Where are the 3 lines that got brought last year?

Those board members were never mentioned before. And Miro is out is a total lie based on what has been disclosed.

Retiring shares - that is likely a lawsuit target. Total lie it seems.

Alkaline88 not being a major customer? Seems like they made up 90% of revenue.

I am sure Kathryn has gone and is not even a consultant.

Still no idea how the market will react to all this. Could drop dramatically or stay same. Don't think there is enough there to push higher at the moment.

I have no idea how the market will react to this on Monday.

There is a lot of information that we don't know and the talk of $100 mil business I take with a pinch of salt. The way I read it is that they are no longer working with WTER so revenue from HIRU will drop significantly ($4 - $8m per year per business unit is mentioned in the document).

Any thoughts from anyone else?

Has anyone found the 8K thats meant to have been filed?

I only see the SUPPLIMENTAL OTC MARKETS FILING on the OTC site which is not an 8K

It's going to take a better man than me to understand this 8k....

As a guess Miro has swapped their $700000 loan for equity. Massive dilution to be announced in 20 mins time.

Hope I'm wrong they are tweeting as if they own shares and I bet they didn't buy them on the open market.

My predictions by year end

- Kathryn gone as consultant
- Massive dilution to raise capital for new incoming company to "expand"
- No East coast expansion for AZ custom. Miro already stated in tweets this business is dead
- stock price ~.0003 or less
-

So Miro is back in charge. Have doubts then cross-check here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154866785

Does anyone really believe that a failed mom & pop furniture store is going to turn this stock around?

They said a Global Dist biz and in fact it's a mom-and-pop store in Florida?

Do they even know what they are merging with? LOL

So HIRU got taken over by a furniture store?

Looks like the previous amateur got replaced with new amateurs.

Start sending out no detail tweets and don't even have the authority to run the company yet.

Can't wait until they can post a polished PR.

All the previous promises can be forgotten.

New promises can be made.

All the equipment, that likely didn't exist, will be scrapped along with the East coast expansion.

They likely have no real experience in the copackering business.

Already mention acquisition that will undoubtedly need funding with more shares.

Talking about 2nd business when the first is in a mess and apparently not viable.

Has Miro's name all over it. Can't wait to see who the new owners are but you can bet the house they are tied into him.

You think they will bring any money into the business with them? Doubt it.

This is a new disaster in the making.

They did not release a PR.

They filed a legal document handing over all rights to sell their products to a company that has no way of doing so.

I'm expecting .0003 tomorrow unless some positive PR released.

This certainly appears to be the end of Alkaline88.

I assume next week we will find out if HIRU is also dead in the water. There is no guarantee they will get any replacement contracts - that's if there are any still valid and in place.

The devil in me says this is all about the IP. If Alkaline goes bankrupt then the IP goes to this new company for $5 million paid over several years.

If that's the case Alkaline will be filing for bankruptcy very shortly.

Not that I think of.

By 1st November this company has to be shipping at least $1 million (assuming 20% net profit) per month worth of goods to be able to pay $200000 to Alkaline every month. Where did they suddenly get the sales orders from to do that? They can't just take over Alkalines orders. So for sure, they need to already have an agreement in place with someone who can make all the Alkaline products and bottle and ship.

Time will tell

Yeah, it doesn't make sense.

They have no plants, no copacking facility, no distribution, no track record, no records of having money, nothing. But now they have a worldwide exclusive license over all Alkaline88 products and paying a lot of money for it.

Something is clearly not right here.

I'm not sure I understand fully the document.

Did Alkaline88 just license the right to produce Alkaline88 products and use their branding in addition to what Alkaline does as a business?

Or did they just hand over everything to this new company and wash their hands of everything they do for a measly sum of $4 million? In which case why did WTER stock go up in value?

Might give a bounce to HIRU on Monday. Whoever this guy is he must have a ton of money or some mega distribution deal already lined up. $200000 a month is not small change.

Pity it's not with HIRU.

WTER up 75% after market close

WTER crashes down below .20.

Employee post 20th Aug on Glassdoor re Alkaline88

They make empty promises. They don’t pay their employees, their customers, their brokers, or their distributors. I’m sure there are more that they don’t pay as well. Do not do any business with them

See this link re company trying to reach Alkaline88 as a desperate way of getting paid.

https://www.linkedin.com/feed/update/urn:li:activity:7092534673020518400?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A7092534673020518400%2C7094410245984186370%29&dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287094410245984186370%2Curn%3Ali%3Aactivity%3A7092534673020518400%29

Go to the Alkaline88 website and try and order a bottle of water. Everything out of stock.

Go to Walmart and try and order - out of stock.

Go to Amazon try and order(some limited stock).

Go to Safeways and try to order - out of stock.

Check stores in Arizona where the HIRU and Alkaline88 are based - out of stock in most cases.