Alkame Holdings Inc (ALKM)

[Huggy Bear]

ALKM is a SEC registrant under the Securities Act of 1934.

In the three year period of non compliance approx. 5 billion shares have been converted, and resold to the public, one would assume. Converted, for sure.

A subsequent events section in the 2015 annual report which was finally filed last week shows these events, and most, if not all, of the financiers are undisclosed "accredited investors". That, and a reliance of the utilization of the Section 3(a)(10) exemption to have "bona fide" debt owed transferred into immediately free trading stock without restriction.



In subsequent events we find this.

On February 22, 2018, the Company issued 215,000,000 common shares upon conversion of $21,500 of convertible debt and accrued interest. The shares were issued at a price of $0.0001 per share.

On March 8, 2018, the Company issued 220,000,000 common shares upon conversion of $22,000 of convertible debt and accrued interest. The shares were issued at a price of $0.0001 per share.

On March 23, 2018, the Company issued 135,000,000 common shares upon conversion of $13,500 of convertible debt and accrued interest. The shares were issued at a price of $0.0001 per share.

On April 11, 2018, the Company issued 320,000,000 common shares upon conversion of $32,000 of convertible debt and accrued interest. The shares were issued at a price of $0.0001 per share.

On May 8, 2018, the Company issued 55,000,000 common shares upon conversion of $5,500 of convertible debt and accrued interest. The shares were issued at a price of $0.0001 per share.

On June 8, 2018, the Company issued 92,780,388 common shares in connection with a stipulated settlement agreement entered into by the Company in early 2017. The shares were issued at a price of $0.0019 per share.

https://www.sec.gov/Archives/edgar/data/1522165/000166357718000321/mainbody.htm

These are just the most recent conversions, and price of conversion. Everyone should read the subsequent events for themselves.

The resale of all this stock for years without filings is a direct violation of the current information requirement of Rule 144, and also in violation of Regulation S-X.

Current Public Information. There must be adequate current information about the issuing company publicly available before the sale can be made. For reporting companies, this generally means that the companies have complied with the periodic reporting requirements of the Securities Exchange Act of 1934. For non-reporting companies, this means that certain company information, including information regarding the nature of its business, the identity of its officers and directors, and its financial statements, is publicly available.

Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period.

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html

Question: If securities are sold pursuant to Rule 144 at various times over a three-month period, at which time(s) must the issuer satisfy the “current public information” requirement?

Answer: If securities are sold pursuant to Rule 144 at various times over a three-month period, the issuer must continue to satisfy the “current public information” requirement at the time each sale is made, not just at the beginning of the period when the Form 144 is filed. [April 2, 2007]

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html

Question: If securities are sold pursuant to Rule 144 at various times over a three-month period, at which time(s) must the issuer satisfy the “current public information” requirement?

Answer: When the “current public information” requirement must be met in order for the security holder to sell securities under the Rule 144 safe harbor, the issuer must continue to satisfy this requirement at the time each sale is made. [Jan. 26, 2009]

https://www.sec.gov/divisions/corpfin/guidance/securitiesactrules-interps.htm

What are the basic requirements of Rule 144?

https://media2.mofo.com/documents/faqrule144_145.pdf

The resale of approximately 5 billion converted shares into the market while in non compliance with the current reporting requirements of Rule 144 and Regulation S-X is a valid concern. And a serious valid concern.

The relationship between ALKM and Bell Foods is totally nebulous, at best.

Without federally mandated financial disclosures the company is in serious breach of federal law.

There is a damn good reason these disclosure laws exist in the first place. It is to require accurate information be published to the public so that extravagant (and mostly grossly inaccurate) misinformation does not mislead the public in the absence of quarterly and annual reports filed with the SEC.

People have been buying billions of shares of ALKM without any of these details being disclosed to the public.

In addition people assume all sorts of relationships exist to the benefit of shareholders regarding ALKM products and other companies.

In reality none of this is supported by fact.

In fact, the recent subsequent events section of the 2015 10-K shows a bunch more convertible debt has been taken on, at a 70% discount to the lowest price in the previous 20 day window.

Again, it is imperative for investors and potential investors to read and comprehend what is disclosed here.

https://www.sec.gov/Archives/edgar/data/1522165/000166357718000321/mainbody.htm

And ALKM is by no means current either.